The latest senior moves in asset and wealth management from across Europe and the UK.

JM Finn
In board changes at the UK wealth manager, which manages £9 billion for clients, Steven Sussman will be retiring as CEO at the end of the year, to be replaced by Hugo Bedford. James Edgedale is retiring as board chairman on 31 December to take up the role of non-executive director at JM Finn. He will remain as an investment director at the London-based firm.

In further moves, stepping down as CEO, Sussman will be appointed to the board as non-executive chairman starting on 1 January 2021; also in January, Dominic May will join the board as chief financial officer.

“These changes represent a natural step in the firm’s evolution, whilst retaining continuity within the management team,” Sussman said.

HSBC
today, HSBC Global Asset Management has announced the appointment of Stefano Caleffi in the newly-created role of head of exchange traded fund sales, Southern Europe.

Based in Milan, Caleffi will be responsible for driving the firm’s ETF sales and business development efforts across Italy, Spain and Portugal. He will report to Olga De Tapia, global head of ETF sales.

Caleffi has more than 15 years’ experience in the investment management industry. Most recently, he was head of ETF business development in Italy, Iberia and Israel at Invesco. Prior to that, he was responsible for Southern Europe distribution at Source. Before joining Source, he worked in the equities division of Credit Suisse First Boston.

Stefano’s appointment follows the appointments of Phillip Knueppel as head of ETF sales for DACH and Marc Hall as head of ETF sales for Switzerland.

Druces
Law firm Druces yesterday announced that Richard Monkcom, who has led its private client team for 15 years, is stepping down as leader of the department. He will be succeeded by Robert Macro.

Mediolanum
The European asset management platform of Mediolanum Banking Group, Mediolanum International Funds (MIFL), has appointed Jonty Starbuck as a new senior equity portfolio manager in its single security equity team.

The team is responsible for MIFL’s internally managed strategies. Based in Dublin, Starbuck reports to Terry Ewing, head of equities at MIFL.

Starbuck has 20 years’ experience working in equity markets. He started his career in London at Morgan Stanley covering technology companies, followed by 10 years at T Rowe Price, where he focused primarily on consumer companies.  He has spent the last five years at Davy Asset Management in Dublin where he was the lead portfolio manager of the Davy Global Brands fund.