People Moves

Who's Moving Where In Wealth Management? - Schroders, Withers, IQ-EQ

Editorial Staff, 30 May 2019


The latest moves in wealth management from across Europe and the Middle East.

UK asset manager Schroders has hired Peter Arnold to lead the group’s Alternative Assets Unit. The wealth manager said the role will help drive sales in a key asset class and meet investor expectations globally more effectively. The firm established the unit last year.

Arnold joins from Citi where he led international fund distribution, specialising in private debt, real estate and global infrastructure. Prior to Citi, where he spent 18 years, he worked at JP Morgan, UBS and Societe Generale.

Schroders’ private assets capability has become a core strategic growth area, with the acquisition of the specialist hotels investor Algonquin in 2018 and private equity specialist Adveq in 2017.

International law firm Withers has appointed long-time partner Justine Markovitz as its chairperson, becoming the second female leader to assume the chair, starting in July.

In a career spanning tax, trusts and estate planning for families, Markovitz joined Withers in 1999, becoming a partner in 2004. Since 2005, she has led Withers' Swiss practice in Geneva and co-led the firm's global private client and tax team.

She takes over from Withers’ first US-based chair, Ivan Sacks, who has reached the end of the maximum two-year tenure during which he helped the practice establish footholds in Asia and the US.

IQ-EQ has appointed financial services veteran Fèmy Mouftaou to lead commercial operations in Luxembourg as more front office business moves to the Continent prior to Brexit, the firm announced. Mouftaou joins the wealth services manager following two decades in business development working in Europe, Dubai, Bahrain and across west, central and southern Africa.

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