A round-up of senior managerial moves in the world's wealth management sector for August.

August moves in wealth management – UK, continental Europe, Middle East, Switzerland, other.

LLB Swiss Investment AG, the fund management operation of LLB Group, appointed Dominik Rutishauser as chief executive in Zurich. He succeeded Marcel Weiss, who joined AMG Fondsverwaltung AG. Rutishauser was previously a member of the management team at GAM Investment Management (Switzerland), where he headed a client directors team in private label funds.

Thesis Asset Management appointed Lawrence Cook and Giles Marriage to join its board of directors. Cook, who is director of marketing and business development, added client services to his brief, while Marriage continued to head up Thesis’ investment committees and the firm’s Lymington office. The moves came after client services director Tony Gammon stepped down from the board.

Thesis Asset Management appointed Jem Turrell as the office director and investment manager of its operation in Guildford. Turrell, who has more than 25 years of wealth management experience, joined from Standard Life Wealth, where he was a senior client portfolio manager. Prior to that Turrell worked in a number of client facing roles, including at Towry, Lloyds Banking Group and Natwest. Saleem joined from Cornerstone Asset Management, where he spent three years in various positions, most recently as private client advisor. 

London-based Agilis Investment Management, the independent multi-asset fund manager, appointed Chris Welsh as partner. Welsh joined Agilis from the Mako Group, a derivatives trading firm, where he was chief executive for 10 years before becoming non-executive chairman. He has more than 25 years of financial-services experience and began his career at Morgan Stanley before joining Credit Suisse.

Aviva Investors, the global asset management business of Aviva, appointed Sue Jarvis as director of retail asset management in its direct real estate business. Based in London, Jarvis reports to Tony Christie, head of retail asset management. 

European asset manager Amundi appointed David Harte as chief executive of Amundi Ireland. Harte, who is based in Dublin, is also the deputy head of the operations, services and technology division, reporting to Guillaume Lesage, and is a member of Amundi’s executive committee. Harte was formerly global chief operating officer of Pioneer Investments in Ireland. He has been working in the investments industry since 1989 and had been with Pioneer since 2003. Prior to Pioneer, he was COO at Bear Stearns Bank, Dublin.

Van Lanschot Kempen nominated Frans Blom as a member of its supervisory board. Blom is a senior partner and managing director of the Boston Consulting Group (BCG). He was a member of the Europe, Middle East and Africa management team for six years and subsequently joined BCG’s worldwide board, on which he served for six years. De Nederlandsche Bank has approved the nomination of Blom as a member of the Supervisory Board.

UK-listed StatPro Group, which provides cloud-based portfolio analytics and asset pricing services for investment firms, made two senior appointments for its Canadian business, while revamping its operational structure. It appointed Nico Coetzee as director of StatPro Canada, who is responsible for driving StatPro’s growth strategies across all divisions for Canada. Coetzee, who is based in Toronto, has almost two decades of experience working for asset managers, fund administration and private wealth firms.

State Street Corporation appointed Jörg Ambrosius and Mike Fontaine as co-heads of global services in Europe, Middle East and Africa. Ambrosius, who most recently held the title of head of sector solutions, EMEA, remains based in Munich; whilst Fontaine, who previously held the title executive vice president, US investor services, has relocated from Boston to Dublin. Both report to Liz Nolan, chief executive of EMEA, as well as to Andrew Erickson, head of the global services business.

UK investment management and financial planning group Tilney appointed Gary Jasper as a financial planner. Jasper joined from Coutts, where he had worked since 2014 as a wealth manager, and most recently as a director specialist advisor supporting sports, media and entertainment personalities.

Tilney also appointed Chris McLeod and Ammar Saleem as financial planners. They joined the team in the company’s office in Edinburgh. McLeod has almost 20 years of experience in the financial services industry, joining from Ludlow Wealth Management, where he was a senior consultant. He previously worked at Standard Life and F&C Investments.

Tilney appointed Andy Grant as head of financial planning. Grant is responsible for running Tilney’s UK-wide financial planning business, developing and executing its growth strategy. Tilney’s financial planning business comprises 208 client-facing financial planners who operate from 30 office locations across the UK. Grant joined from the British Business Bank, where he served as chief operating officer. He was previously COO of Royal London, where he focused on preparing the group for growth, executing a new strategy. Grant also served as COO at insurance group Amlin.

Tilney also appointed Andrew Baddeley as group chief financial officer, subject to regulatory approval. Prior to Tilney, Baddeley served as group CFO of TP ICAP, the inter-dealer broker. Before that, Baddely worked for General Reinsurance Corporation, part of the Berkshire Hathaway group. Baddeley replaced Wadham Downing who retired from the firm. 

Asset manager Jupiter appointed Nick Anderson as a senior advisor for the Middle East and Africa, William Lopez as head of Latin America and US offshore, and Paul van Olst joined as head of the Netherlands. He was most recently country manager and head of institutional client business for the Middle East and Africa at Blackrock. Lopez, joined after four years at Columbia Threadneedle.

UK-based asset manager J O Hambro Capital Management (JOHCM), a subsidiary of Pendal Group, announced that Ken Lambden, chief executive, was leaving the company. Emilio Gonzalez, Pendal Group CEO, now serves as acting JOHCM CEO until a replacement is found for Lambden. 

Tiller, the online wealth manager, made several hires to its team. It appointed Shezad Lakha as head of quantitative investments, Daniel Greenhough as senior investment portfolio manager, and Dr Glenn Baggley and Douglas Shaw as directors. Tiller also appointed John Bennett as head of business development and Mark Cadby as chief technology officer. It hired Hamish Haddow as head of marketing and Marcus Dutton as product and innovation director.

Old Mutual Global Investors made several new recruits across the UK equity and fixed income desks. Claudia Ho joined as UK equity analyst on the UK small- and mid-cap (SMID) team. She reports to the head of UK SMID team, Dan Nickols. Ho joined OMGI from Pelham Capital, a long/short European focused investment firm, where she worked as an equity analyst.

Patty Cao joined as assistant portfolio manager and Przemyslaw Pietraszek joined as credit analyst. Cao reports to Delphine Arrighi, the lead manager of the business’s two emerging market debt funds. Cao was previously at Aberdeen Asset Management, where she was a research analyst with the fixed income division. Pietraszek, who reports to Lloyd Harris, lead credit fund manager, reviews individual investment grade and high-yield companies. Prior to OMGI, Pietraszek worked as an associate analyst at Moody’s Investors Service.

Global investment management firm T Rowe Price appointed Scott Keller as head of global investment management services of Europe, the Middle East and Africa. Previously head of global investment management services of Asia-Pacific, Keller joined T Rowe Price from UBS in 2014, where he was head of Pan Asia. His career at UBS spanned 17 years working in Europe and Asia across the wealth and asset management markets, the firm said in a statement. He reports to Robert Higginbotham, head of global investment services for T Rowe Price, and is based in London.

Deutsche Bank Wealth Management appointed Claudio de Sanctis as head of Europe. He is based in Zurich, reporting to Fabrizio Campelli, global head of wealth management. The role is a new one.

De Sanctis joined from Credit Suisse, where he spent five years, most recently as head of private banking, Europe. His departure was exclusively reported by this publication. He joined Credit Suisse in 2013 as market area head Southeast Asia for private banking. He previously spent seven years at UBS Wealth Management Europe, most recently as market head Iberia and Nordics. De Sanctis was also at Barclays and Merrill Lynch Private Wealth Management.

Harwood Wealth Management appointed Gillian Davies as interim chief financial officer and board member. Previous CFO Nick Bravery stepped down. Davies has over 14 years' experience as a finance director across listed and private businesses, including 11 years as group finance director at 4imprint Group. 

Swiss financial services firm VZ Group said Peter Stocker, managing director of asset management, was leaving the executive board to concentrate on serving institutional clients. The firm appointed Manuel Rütsche as Stocker’s successor. Rütsche has been working for VZ Group since 2004. 

London-based investment manager, Downing, promoted Mark Gross to partner for its development capital investment team. Gross has over 14 years’ private equity experience having worked across a range of industry sectors including healthcare, hospitality and leisure. He joined Downing as investment director in June 2014 working across a number of sectors including leading its healthcare and hotel investment activities. He was previously associate director at UK mid-market private equity firm, Caird Capital.

UK-based Weatherbys Private Bank appointed Jacqui Low, an Edinburgh-based businesswoman, to join its board. Low has more than 30 years’ experience in roles across business, communications, media and politics, including her role as Scotland’s first-ever female special adviser. She was recently appointed as the chairman of Partick Thistle FC, the football club.

Standard Chartered appointed Faisal Abu Shaar as chief risk officer of Middle East, country CRO of the United Arab Emirates and head of risk for Islamic banking. Shaar has been with the bank for the last seven years and has held various roles including senior credit officer of Singapore, Australia and Philippines, and senior credit officer of Jordan. He was most recently the country CRO for the bank in Thailand. Prior to joining Standard Chartered, Shaar was chief operating officer at HSBC Bank Middle East (Jordan).

Legal & General Investment Management hired James Crossley as head of UK retail sales. Crossley joined from Jupiter where he was head of retail sales overseeing the UK retail distribution and the retail sales team. Simon Hynes, who has been at LGIM since 2015, recently moved to the newly-created role of head of retail distribution, Europe, the Middle East and Africa. The duo report to Honor Solomon, the firm’s head of retail, EMEA.

UK-based Gary Walker & Co Wealth Management, an affiliated firm of St James’s Place Wealth Management, created four new roles in a bid to expand its operation. It appointed Susan Barclay as practice manager, Julia Catto as events and marketing executive, Kieran Taylor as a financial consultant and Madelynne Stephen as financial administrator.

Smith & Williamson appointed Paul de la Salle as an associate director in its sports, media and entertainment team. De la Salle joined the London office from Arena Wealth Partners, where he spent nearly five years advising sports, media and entertainment professionals on a range of financial issues including banking, financial planning, FX, home finance, investment, pensions and tax. He also spent 11 years at Barclays Wealth Management.

Geneva-based REYL & Cie appointed Nicholas Farrar as CEO of REYL Finance (MEA) Ltd, filling the slot vacated by Pasha Bakhtiar, who became a partner of the private bank in Geneva. Farrar joined RMEA as one of its founding members in 2015. Prior to that, he worked for more than 25 years in investment banking, management consulting, private equity and fund management in London and Dubai at a variety of organisations including AT Kearney, Standard Bank, Willow Impact Investors and ES Bankers Dubai. He has advised financial institutions, sovereign wealth funds, family offices and high net worth individuals on cross-border acquisition strategies into emerging markets, including Africa, for over 10 years. In Bakhtiar’s case, he has more than 20 years’ experience in the fields of wealth management, asset management and private equity.

Brewin Dolphin appointed Siobhan Boylan to its board as finance director. Boylan was chief financial officer of Legal & General Investment Management, a position she held for the last five years. 

KPMG appointed Bill Packman as a wealth management partner. He spent four years at Nutmeg as chief operating officer and head of risk. Formerly, he was director of strategic reform at Australian bank Westpac. Additionally, he held a number of senior roles at Barclays.

Aviva Investors named Luca Dal Mas as senior multi-manager analyst and Joshua Biele as multi-manager analyst in its multi-manager research team. They are based in London and report to Isabel Emo Capodilista, head of multi-manager research. Dal Mas joined from Barings, where he managed multi-asset strategies across developed and emerging markets and a fund of hedge funds. Prior to this, he was at Darta Saving Life Ltd Dublin (Allianz Group) where he worked for four years as an assistant financial manager. Biele joined from Jupiter Asset Management where he was a product and client intelligence analyst.
 

Goldman Sachs Bank, the legal entity comprising Goldman Sachs’ Zurich-based private wealth management business, appointed Patricia Horgan as a second independent director to join its board. She has 38 years of experience in finance and capital markets, including management positions at Credit Suisse, Deutsche Bank Private Wealth Management and UBS.

Credit Suisse recruited four employees from Barclays for its UK operation. Francesca Speroni joined as director and team leader UK, Kanu Khare as director and head of investment consulting, Keshav Khanna as director and relationship manager, and Alex Stott as vice president and relationship manager.

ODDO BHF, a Franco-German financial group with wealth management segments, appointed Erich Pfister, a figure who has held a number of senior private banking roles, as chief executive of its Switzerland operation. He leads the expansion of the Swiss branch of ODDO BHF Pfister and reports to Joachim Häger, chairman of the ODDO BHF Switzerland board of directors and head of group private wealth management for Germany, France and Switzerland. Pfister has 28 years of banking experience in Switzerland. Previously, he was managing partner and vice chairman at Swiss Golden Capital. Before that, he served as a member of the executive board and was global head of private banking at Falcon Private Bank, and head of market area UK international at Credit Suisse.

Financial services firm Quilter appointed John Gill as a non-executive director of its UK platform business, Old Mutual Wealth. Gill joined from Standard Life where he was UK & Europe chief risk officer, a role he left in 2017. He joined Standard Life in 1986 and during his 31 years there, he had a number of different roles including managing director of finance, managing director of customer operations and chief executive of Standard Life Bank.

Jupiter Asset Management added two new analysts to its fixed income team. Alejandro Di Bernardo and Joel Ojdana were the arrivals. Di Bernardo, who relocated from New York for the role, joined from Deutsche Asset Management. He is now an emerging market debt analyst focusing on Latin America. 

Mediolanum Asset Management (MAML), the Irish asset management company of the Mediolanum Banking Group, appointed Astrid Schilo as multi-asset strategist and Inma Conde as head of manager research, in Dublin. Schilo has over 15 years’ experience of financial markets' research and forecasting policy. Conde joined from Minnesota Philanthropy Partner, a community foundation in the US – where she held the position of director of investments. 

HSBC Private Bank said that the business area head of Switzerland, Roger Lehmann, had left, and that Peter Damisch, managing director and business head in Zurich,had left. Lehmann was also on the bank’s executive committee and was based in Zurich. Damisch joined the firm five years ago from the Boston Consulting Group, where he was a partner and managing director.

Aberdeen Standard Investments appointed André Haubensack as head of distribution - Switzerland. Haubensack is based in Zurich and reports to Rik Brouwer, head of European distribution at Aberdeen Standard Investments. Haubensack has worked in the Swiss investment market for over 18 years. Previously he was a director with New Star Asset Management and before that Credit Suisse. He later joined Standard Life Investments in 2014 through the acquisition of Ignis Asset Management.

Quilter, UK wealth management group, appointed Paul Matthews and Suresh Kana as independent non-executive directors. Matthews has worked in the savings and pensions industry for over four decades. Kana spent over three decades working in various roles at PwC, most recently as CEO and territory senior partner of PwC Africa.

UK financial services firm Arbuthnot Banking Group announced that Paul Lynam was retiring as a director of its board. He had been a director since 2010, when he joined the group to be chief executive of Secure Trust Bank.

Brown Shipley appointed Toby Vaughan as its new chief investment officer. He joined from Santander Asset Management, where he is head of the multi-strategy solutions team. Vaughan replaced the current CIO, Don Smith, who left to pursue other career opportunities.

Baker McKenzie, the law firm, appointed London-based disputes partner Jonathan Peddie as global chair of financial institutions. In addition to his global leadership role and local dispute resolution practice, Peddie also helps to manage the firm's London financial services regulatory practice. Peddie joined Baker McKenzie's dispute resolution team from Barclays in 2015, where his most recent roles included global head of financial crime legal and managing director of litigation, investigations and enforcement.

US- and UK-based investment manager Epoch Investment Partners appointed Philipp Hensler as president and chief operating officer. Timothy Taussig, co-founder and current president and COO, were to retire at the end of 2018. Hensler was most recently the president and chief executive of Vontobel Asset Management. Prior to Vontobel, he was the head of distribution for OppenheimerFunds. He spent over a decade at Deutsche Asset Management / DWS, where he held numerous leadership roles in the US and Switzerland.

Charles Stanford, who joined Credit Suisse in 2007, moved to LGT Vestra, to become a partner. Most recently at Credit Suisse, he was a director from July 2014 to last month. From 1999 to 2005 he was a sales manager at Barclays.

Fundsmith, the UK fund management company, appointed Conrad Rey, Greville Ward and Daniel Washburn as partners, subject to FCA approval. Rey is a sales director at Fundsmith, responsible for relationships with intermediaries. Ward interacts with high net worth individuals and international investors; and Washburn is a research analyst.

Asseet manager Janus Henderson appointed Dick Weil as its sole chief executive. Weil also serves on the board of directors. The firm scrapped the co-CEO roles, and Andrew Formica resigned as co-CEO and board member. Prior to this, Weil was CEO of Janus, a position he held since joining the firm in 2010, before the merger of Janus and Henderson. Prior to that, Weil spent 15 years with PIMCO, where he most recently served as the global head of PIMCO Advisory, a member of PIMCO’s executive committee, and a member of the board of trustees of the PIMCO Funds.

St James's Place announced that David Lamb was to retire as a board director in early 2019. Robert Gardner replaces Lamb. Gardner joined from investment consultant Redington - which he co-founded.

Schroders appointed Claire Walsh as personal finance director, working across the entire Schroders Group, including communications, business development and public affairs. Walsh joined from Aspect8, an chartered financial planner based in Brighton. She reports to Beth Saint, head of communications.

HSBC appointed Surendra Rosha as chief executive for HSBC India. Rosha was HSBC’s head of financial institutions group (FIG) for Asia-Pacific, and has experience of working with retail and commercial banks.