People Moves

Who's Moving Where In Wealth Management? - BMO-GAM , Standard Life Aberdeen, Others

Editorial Staff, 26 January 2021

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

BMO-GAM
BMO-GAM has appointed environmental heavyweight Dr Ben Caldecott to join its Responsible Investment Advisory Council to further the group’s net-zero investment aims. The council's president is the Archbishop of Canterbury, Justin Welby.

Caldecott is well known in academic circles as a environmental, energy and sustainability specialist. He is founding director of the Oxford Sustainable Finance Programme at the University of Oxford and founded and co-chairs the Global Research Alliance for Sustainable Finance and Investment (GRASFI), and alliance of global research universities promoting green finance research.

On the policy side, Caldecott serves on the subcommittee of the US Commodity Futures Trading Commission and advises the UK government on international trade. He has also worked on climate-related disclosures as a member of the UK Green Finance Taskforce.

In December, BMO GAM joined the Net Zero Asset Managers Initiative along with 30 other asset managers representing around $9 trillion who have committed to net zero emissions across their portfolios by 2050 or sooner.

Standard Life Aberdeen
Standard Life Aberdeen has added three personnel to bolster its investments, advisor and personal (savings and wealth) business divisions.

In other moves, Chris Demetriou will broaden his remit to lead the investments business across the UK, EMEA and the Americas. He will take over responsibilities in April from Gary Marshall who will be retiring later in the year.

David Mouille has joined the corporate development team reporting to James Aird; and Julie Scott, CEO of 1825 and interim lead for the Personal business, is leaving to become chief customer officer at Royal London.

Newton
Newton Investment Management, which is part of BNY Mellon Investment Management, has named Ami Shah as UK equity income portfolio manager. Shah joined Newton at the start of January and, subject to certification, he will co-lead manage the Newton UK Equity Income strategy and the BNY Mellon UK Income fund.

Prior to this, Shah was a portfolio manager and research analyst at Wellington Management. He was a member of the Wellington’s value team, which has responsibility for managing about $65 billion for institutional clients across a broad range of income and value equity mandates.

Shah will manage the BNY Mellon UK Income fund alongside Ilga Haubelt, Jon Bell and Tim Lucas. They are supported by Newton’s wider global equity income hub and central research team, and form part of Newton’s 67-strong investment team.  

Innovation
Butterfield Group has appointed Amy Glover, based in London, as vice president, strategic relationships for group trust.

Glover was most recently the global director of private clients for ALM/Legal Week, where she was responsible for the management of the private client intermediary network and played a major role in its Global Elite Membership Club.

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