People Moves

Who's Moving Where In Wealth Management? – Crestbridge, Reed Smith, Old Mill, Nomura

Editorial Staff 11 January 2023

Who's Moving Where In Wealth Management? – Crestbridge, Reed Smith, Old Mill, Nomura

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

Crestbridge
Crestbridge, the administration, management and corporate governance solutions business, has appointed Marcelo Gazzi (pictured) as a director in its institutional governance services team. 

The governance services proposition spans Crestbridge’s management company, director, client compliance, depository, trustee, appointed representative and operator business units.  

Gazzi, who has more than 15 years’ experience in the cross-border financial services arena, started his career in Brazil. He has spent the past 12 years working for HSBC in both the UK and Jersey. Most recently he was wholesale chief administration officer for HSBC’s UK non-ringfenced bank and its Channel Islands and Isle of Man operation. 

Gazzi is also a member of the Chartered Governance Institute (CGI).

Among recent moves, in November Crestbridge appointed Laura Parkes as a director in its family office services team. She is based in Jersey.

Reed Smith
Global law firm Reed Smith has hired Linn Mayhew as partner in its financial industry group and London office. 

Mayhew, who was previously a partner at McGuireWoods, has also worked at DLA Piper, Simpson, Thacher & Bartlett and Gibson, Dunn & Crutcher. She has more than 15 years’ experience, and specialises in private credit, leveraged and acquisition finance, real estate finance (including sports finance), fund finance and restructuring. 

Old Mill
Old Mill, a group of industry financial experts working on digital accounting, financial planning and tax advisory across the South West, this week appointed experienced tax specialist David Gage as partner and head of VAT, to help grow the business.

In November 2021, Old Mill announced plans to double the size of the business by 2026, and Gage – who is joining from Evelyn Partners where he was director of VAT – has been brought on board to support these growth ambitions by expanding Old Mill’s services both to existing clients and the wider market.

The 38-year-old, who was a management consultant before moving into tax in 2012, says he believes his commercial background combined with his tax expertise can help raise Old Mill’s profile across a wider range of client firms.

Nomura
Nomura Corporate Research and Asset Management this week announced that Meno Stroemer has joined the firm as head of emerging market corporate bond portfolio management.  
 
Meno, who has more than 30 years of experience working in emerging markets and credit on both the buy and sell side in Europe and the US, is based in New York, the firm said in a statement. 

Most recently, he headed the portfolio management team and was lead portfolio manager of emerging market strategies at Fisch Asset Management in Zurich, Switzerland. 

Prior to that role, Meno worked for Morgan Stanley where he built up the emerging market corporate trading desk and later transferred to their Global Capital Markets group to head the EM debt syndicate function globally, the firm continued. He also worked on the credit desks at UBS and HSBC.   
 
The firm believes that Meno’s arrival will enhance it’s emerging market fixed income capabilities within both NCRAM and Nomura Asset Management.  

NCRAM maintains an investment team in New York, led by Eric Torres, which manages EM hard currency sovereign and high yield corporate bond portfolios. NAM has a team in Frankfurt, led by Recai Gunesdogdu, which manages global and Asia-focused EM local currency strategies.  
 
Meno and his team will work with the EM hard currency sovereign and EM local currency groups to enable Nomura to offer a full suite of capabilities across the three disciplines of EM fixed income – hard currency sovereign, local currency sovereign, and corporate, the firm said. 

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