The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.

BNY Mellon IM
BNY Mellon Investment Management has appointed Richard Parkin as head of retirement, a newly-created role within BNY Mellon IM EMEA.

Parkin (pictured) will focus on developing BNY Mellon IM EMEA’s proposition in the retirement market and identifying opportunities to support clients through a consultative and solutions-based process. He will also enhance the intermediary and retail retirement proposition within BNY Mellon IM’s investment firms, with specialist capabilities in fixed income, equities, and multi-asset. Parkin will report to Michael Beveridge, head of UK intermediary distribution at BNY Mellon IM, the firm said.

Parkin brings over three decades of experience in the retirement space. He joins from Richard Parkin Consulting, an independent consultancy he founded in January 2018 where he helped asset managers, pension providers and others respond to the rapidly changing retirement environment. Prior to this, he spent 15 years at Fidelity International in various roles including leading the response to pension freedom and building the workplace pension proposition.

This appointment builds on BNY Mellon IM’s progress in the retirement space, following the recent launch of BNY Mellon FutureLegacy, a UK retirement relevant fund range consisting of five risk-rated sustainable multi-asset funds, which is managed by Newton Investment Management Limited (Newton), a BNY Mellon IM specialist equity and multi-asset investment firm with £83.4 billion of assets under management.

Commenting on his new role, Parkin said: “BNY Mellon IM is renowned for its strong pedigree in understanding and managing risk, a key consideration in effective retirement planning. I’m excited to be working across the business to help our clients develop their retirement planning approaches. As we face a challenging economic environment, and with the FCA Consumer Duty and the Retirement Income Advice Review on the horizon, now is the ideal time for BNY Mellon IM to support intermediaries in demonstrating the value of professional help.”

Beveridge said: “We continue to see increasing demands from clients for products to help with planning for the future, and this planning will require a tailored approach. Richard’s expertise within the retirement market will be invaluable to BNY Mellon IM and its investment firms, when supporting intermediary clients with a full range of solutions through this stage of the lifecycle.”

Saffery Champness Registered Fiduciaries
Saffery Champness Registered Fiduciaries has named Simon Murphy as an associate director in the firm’s Guernsey office.

At Saffery Champness, Murphy will work closely with the private client service teams to assist them in providing tailored wealth structuring solutions for ultra-high net worth individuals and families across a range of key jurisdictions. His role will also extend to business development in expanding the firm’s global network of specialist advisors and identifying opportunities for growth in the private client service sector, the firm said in a statement.

Murphy brings close to two decades of industry experience to Saffery, most recently as a client service director at a family office service firm, where he managed multi-jurisdictional UHNW family structures. Murphy also previously worked on a multi-billion-dollar endowment structure, gaining valuable knowledge of a wide variety of asset classes. He also has extensive experience of US and French tax filings and US and UK commercial and residential real estate portfolios, alongside project management and reporting.

Studying for the Chartered Institute for the Securities and Investment (CISI) Investment Advice Diploma, Murphy has a keen interest in investments, with substantial technical knowledge and experience working in partnership with investment managers.

Nick Batiste, managing director of Saffery Champness Registered Fiduciaries, said: “Simon brings a wealth of valuable experience and expertise to Saffery, which will complement the depth and breadth of skills within the team.

“Simon joins at an exciting time for the business, with the recent addition of our Cayman office, the growth of our Digital Asset and Cryptocurrency team and with the launch of our Green and Corporate Social Responsibility teams.

“At Saffery we have an ethos of recruiting not only highly-qualified team members, but professionals who also reflect the values of the firm. Both personally and professionally, Simon demonstrates enthusiasm, integrity, excellence, and teamwork and is a welcome addition to our team.”

GAM
GAM has announced changes to GAM Systematic. Chris Longworth, who joined the firm in 2010, has been appointed head of GAM Systematic and Danny Dhingra, who joined GAM in 2016, will be joining the Systematic Core Macro team, reporting to Longworth.

Dhingra will provide the team with additional systematic experience and will contribute to the research on Core Macro as well as continuing to lead the GAM Systematic Commodities strategy as investment manager.

Guglielmo Mazzola, head of Systematic Investments Specialists, who joined GAM in 2022, will now also report directly to Longworth as part of the systematic team.

The GAM Systematic team is made up of dedicated scientists who constantly research and test new models and approaches, supporting Core Macro which is a diversified, multi strategy, multi-asset portfolio.

Longworth said: “I'm very pleased to welcome Danny Dhingra to the team. I have known Danny for many years, and he brings a wealth of systematic investment experience and will be an invaluable contributor to our research efforts on GAM Systematic Core Macro, as well as continuing to lead on GAM Systematic Commodities. I am also delighted that Guglielmo will now report directly to me to enable even closer collaboration as we work to develop solutions for our clients. These changes represent a significant strengthening of our systematic team.”