The latest moves, appointments and personnel changes among wealth management and related organisations in the UK, the rest of Europe, the Middle East, Africa and select international locations.

Downing
London-headquartered investment manager Downing has appointed Russell Catley as head of retail in the liquid alternatives team. Joining in November, he will work alongside Tony Stenning and Huw Price.

The appointment is in line with the Downing’s aim to expand and strengthen its investment capabilities, the firm said in a statement.

Catley (pictured) founded Lakeman Securities in 2008, before launching Atlantic House Investments in 2013. The latter firm grew under his stewardship to be a prominent market player in defined returns fund strategies. Catley’s 35-year career also includes senior roles in investment banking and asset management at Citigroup Global Capital Markets and AXA Investment Managers. He was also a non-executive director of three Downing Venture Capital Trusts for 12 years.

In addition to Catley’s hire, Downing has appointed Paul Adams as head of liquid alternatives sales. Adams has more than 20 years’ experience specialising in sales of complex products including structured products and derivatives. He has held a number of senior sales positions at Royal Bank of Canada, where he was latterly European head of cash equity and derivative sales. Previously, Adams was at Nomura dealing with distribution to UK private banks; before that he was head of UK retail structured products at Lehman Brothers.

Rathbones Investment Management
UK-based Rathbones Investment Management has appointed James Kyle as regional director in its Newcastle office. He is succeeding Nick Swales, who has retired from the role, after a decade with the firm.

Kyle has worked at Rathbones as an investment director since it opened the office in 2013; he has supported clients, including entrepreneurs, business owners and professionals, in managing their investment portfolios. As regional director, he will take a leadership role in growing the office and Rathbones' brand in the region while continuing to manage and develop client relationships. the firm said in a statement.

Swales, who was recruited to open a Rathbones office in the North East, was instrumental in building the business in the city and expanding its reach in the region. In a leaving address, Swales said that Kyle had “been an instrumental part of the team” and he was confident that he would “continue our growth trajectory.”

Through its subsidiaries, Rathbones provides investment management services for individuals, charities and professional advisors, which includes discretionary investment management, unit trusts, tax planning, trust and company management, financial planning and banking services. Rathbones manages £108.9 billion ($ billion ) of assets (as at 30 June 2024) and has over 3,500 people in 23 UK locations and the Channel Islands.

JTC
JTC Group has appointed David Kilmartin as head of share plan services, part of how the firm enhances its employer solutions offering.

Kilmartin has more than 35 years’ experience in share plan administration services, including helping build Capita (later Link and MUFG) into one of the largest plan providers in the UK. 

The move comes after JTC acquired Buck's UK and European share plan administration and trustee businesses, marking the expansion of JTC Employer Solutions into the share plan administration space.