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

Tilney
UK financial planning group Tilney has appointed Duncan Budd as a financial planner. Budd will join the team in the company’s office in New Street Square in London.

Budd joins from DB Financial, the firm he established 11 years ago to look after high net worth individuals. Prior to this he spent five years in Singapore, first as vice president at Lloyds Private Client Bank, and more recently as senior vice president at Schroders Private Bank.

Vontobel
Swiss-based Vontobel said that its fixed income boutique, TwentyFour Asset Management, has appointed David Norris as its head of credit, based in New York. The organisation plans further appointments next year.

Norris will report to Mark Homan, chief executive of the asset management firm. Prior to this, he worked at Credit Agricole, working in areas such as high-yield corporate debt and has worked in the industry for more than 30 years. 

Additionally, TwentyFour has appointed the following investment professionals in London: Charlene Malik for the multi-sector bonds team; Pauline Quirin for the asset-backed securities team, and Johnathan Owen for the outcome driven team.

Hawksmoor Investment Management
The senior investment director of Hawksmoor Investment Management, Andrew Foster, has stepped down from the board. Senior fund manager Ben Conway has replaced Foster, this publication has learned.

The firm said that Foster has stepped down to concentrate on his client book and responsibilities as head of the firm’s Taunton office. Foster was appointed to the board in March last year.

Alongside Conway’s new role as a board director, he remains co-manager of Hawksmoor’s Vanbrugh and Distribution funds alongside Daniel Lockyer and Richard Scott. He will also co-manage the Global Opportunities fund alongside Lockyer.