The latest moves in wealth management across Europe and the Middle East.

STV
STV, a venture capital fund in the Middle East and North Africa region, has appointed Luca Barbi as chief operating officer.

Barbi brings more than 15 years of experience in management consulting and transaction services, advising organisations across Europe and the Middle East on a range of sectors including technology and investment advisory for sovereign wealth funds, private equity funds and family offices.

Prior to joining STV, Barbi was a core member of the corporate development and consumer goods practices at Boston Consulting Group. He was also COO of Tiger Hill Capital, a business building and investment company based in Europe. 

STV oversees more than $500 million in deployable capital and it says it is the largest VC fund in the Middle East and Africa. It started operating in 2018 and has offices in Riyadh and Dubai.

Schroders
Schroders Personal Wealth a new business aimed at helping more people in the UK with their investments and financial planning, has been announced. The business is a joint venture between Schroders and Lloyds Banking Group and is set to launch in June 2019, subject to the usual regulatory approval.

The team announced to lead the venture includes, James Rainbow, chief executive officer, Nick Allen, chief operating officer, Marcus Brookes, chief investment officer, James Cardew, chief marketing officer, Marietta Connery, head of human resources, Sarah Deaves, managing director, client relationships & wealth advice, Barrie Jackson, chief risk officer, David Lawrence, chief commercial officer, Colin Newham, chief internal auditor, and Joel Ripley, chief financial officer.

The partnership said the team is expected to drive the design of Schroders Personal Wealth, which will offer a personalised financial planning service backed by Lloyds advisory and customer financial life-cycle focus, coupled with Schroders’ investment expertise and Benchmark Capital’s leading technology.

“This is an exciting step forward for our strategic partnership. The leadership team, which brings the best of both companies together, will help us continue to accelerate the development of a market-leading proposition to benefit customers,” Lloyds’ director of insurance and wealth, and chair of the new venture, Antonio Lorenzo, said.