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

Evelyn Partners
Evelyn Partners, the integrated wealth management and professional services group in the UK, has continued to expand its presence in the North West by acquiring boutique wealth manager Millen Capital.

Millen Capital was established in 1999 to provide a comprehensive wealth management service to professionals and business owners. Five people will move across from Millen Capital to Evelyn Partners’ Liverpool office: Millen Capital’s founding partner, Angus Millen (pictured); chartered wealth manager Gareth Lyttle CFA; certified financial planner and chartered wealth manager Vicki Harper; and administrators Linda O’Neill and Ruby Leigh.

The team from Millen Capital are joining Evelyn Partners as part of its succession planning scheme for business owners. Under these deals Evelyn Partners will acquire the assets of the business, with an orderly transition of both staff and clients to Evelyn Partners, the firm said in a statement.

Evelyn Partners, which was created from the merger of Tilney and Smith & Williamson in 2020, has deep roots in Liverpool with the former company having been founded in Liverpool in 1836. Based in the iconic Liver Building on the waterfront, the Liverpool office provides clients with financial planning and investment management services.

AlphaReal
AlphaReal, a specialist manager of secure income real assets, has appointed Mark Futyan as a senior advisor and independent chair of its Diversified Renewables Income Fund.

Futyan has 25 years’ experience in the energy sector spanning solar, energy storage, wind, nuclear, carbon capture, gas-fired power generation and interconnectors. He serves as a non-executive director on the boards of Anesco and Origami Energy. He was CEO at Anesco until January 2023 where he oversaw the development and construction of over 500 MW of solar PV and energy storage projects. Prior to that, he held a series of executive positions at Centrica.

Futyan’s experience across the renewable infrastructure sector will be invaluable to AlphaReal as it continues to grow the business, the firm said in a statement.

Ogier Regulatory Consulting
Ogier Regulatory Consulting has strengthened its offering for European clients with the appointment of Owen Woolgar as head of Ogier Regulatory Consulting, Europe while also expanding its expertise to include cybersecurity advice with the appointment of Gavin Baxendale as client director in the Cayman Islands.

Based in Jersey, Woolgar’s role will be to build out the capability of the team to help deliver large and complex regulatory engagements, specifically focusing on anti money laundering (AML), countering the financing of terrorism (CFT) and countering proliferation financing (CPF).

Woolgar, who has worked in offshore financial services for more than 18 years, has more than 12 years' experience of leading complex remediation programmes for global clients and local regulatory advisory work for financial services clients. This includes helping clients make the right long-term decisions for outsourced managed services, systems, and ongoing monitoring to help manage their AML/CFT/CPF risks. Woolgar will also expand the team’s regulatory due diligence offerings as well as supporting the division’s existing offerings.

Meanwhile, Baxendale will bring his industry and vendor knowledge together with his partner network to expand Ogier Regulatory Consulting’s skillset and service offering in IT solutions, cyber audit, gap analysis, risk management, policy and governance development, data law conformity, regulatory advisory and forensics. His universally-applicable expertise means that he will also be able to support other jurisdictions.

Baxendale, who has worked in IT consultancy for 20 years, has extensive project management experience in the Caribbean. He specialises in infrastructure design, gap analysis, audit, regulatory requirements and road mapping, as well as staffing and IT/cyber-related training. He is also on the board of the Utility Regulation and Competition Office (OfReg) – Cayman Islands.

Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Its network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo.

Alger Management
Alger Management, the New York-headquartered growth equity investment firm holding $22 billion of client money, is expanding its footprint in Europe.

London-based Stephen Hearle, who has joined as head of EMEA business development, will report to Fred Alger & Company, president and chief distribution officer Christoph Hofmann. He will be responsible for developing Alger’s relationships with institutional investors, investment consultants, wealth managers, private banks, family offices and fund selectors across Europe, the Middle East, and Africa. 

Hearle has 25 years of distribution experience. Prior to joining Alger, he was head of institutional and wholesale distribution and global head of consultant relations at Nordea Asset Management in London. 

HIGHVERN
HIGHVERN, the fiduciary, corporate and fund administration services provider headquartered in Jersey, has appointed Daniel Jaffe as group head of institutional services. Jaffe is based in the firm’s new London offices.

Jaffe began his career in the corporate and commercial sector 25 years ago and since then has built up business lines in both Asia and the US, as well as in the UK. He has served in roles in investment banking and the global corporate private capital space, most recently acting as group managing director for an international administration services company. 

The company now delivers private wealth, corporate and fund administration services across offices in the Cayman Islands, Guernsey, Jersey, Ireland, Switzerland and the UK.