The latest moves in wealth management across the UK, Europe, Middle East and Africa.
Chicago-headquartered Northern Trust has named Dave Sauvarin as head of its Guernsey business, replacing Belinda Aspinall who assumes a senior role in the company's London office.
Sauvarin who joined Northern Trust in 1995, following its
acquisition of Barings FSG, was most recently chief risk officer
for Northern Trust in the Channel Islands. During his 23 years at
Northern Trust, Sauvarin has held various leadership positions
including serving as a director of Northern Trust International
Fund Administration Services (Guernsey) Limited where he was head
of governance services.
In his new role, effective 2 April, Sauvarin will report to Teresa Parker, president of Northern Trust in Europe, Middle East and Africa and will be responsible for supporting the continued growth of Northern Trust’s business in the Channel Islands.
The group said it traces its origins in the Channel Islands back to 1972. In 2017, Northern Trust in collaboration with IBM, States of Guernsey and the Guernsey Financial Services Commission announced it had launched the first commercial deployment of blockchain technology for the private equity market for a Guernsey-domiciled fund.
Offshore law firm Carey Olsen appointed Michael Evans in Jersey to its banking and finance team.
Evans brings with him more than 10 years' experience working on a variety of finance transactions and has acted for a wide range of international institutions and borrowers on complex multi-jurisdictional bilateral and syndicated facilities. He has a particular interest in leveraged and acquisition finance, Islamic finance and restructuring and insolvency. He qualified as a solicitor in England and Wales in 2007, having trained in the London and Dubai offices of Freshfields Bruckhaus Deringer. He has also worked as a senior associate in the banking team of Clifford Chance's Dubai office and was most recently at another offshore law firm in Jersey.
Gresham House, the UK specialist alternative asset manager, has appointed Rachel Beagles as non-executive director of its board.
Beagles joins with a wealth of investment industry experience, and was recently appointed chairman of the Association of Investment Companies (AIC). She is also chairman of Securities Trust of Scotland plc (STS) and of NewlonBuild, a social housing provider, and also sits on the board of BlackRock Emerging Europe (BEEP) and Aberdeen New India Investment Trust (ANII).
European asset management firm Amundi has appointed Cristina Matti as head of European small- and mid-cap equities and country strategies.
She reports to Diego Franzin, head of equity investment platform. Matti has been co-head of European small- and mid-caps at Amundi since July 2017. Prior to this, she was head of European small- and mid-caps for Pioneer Investments.
Nedbank Private Wealth, part of South Africa-headquartered Nedbank, has appointed Stuart Cummins to replace retiring managing director and executive head, Greg Horton.
Cummins’ most recent senior roles with Cazenove Capital, C Hoare & Co and Barclays Wealth. Most recently, he was responsible for the portfolio management and wealth planning business at C Hoare & Co, and was a member of the executive group and investment committee.
Additionally, Cummins is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities and Investments and a Fellow of the Chartered Institute of Bankers.