The latest moves and appointments in wealth management roles in the UK, the rest of Europe, the Middle East and other select locations.
Brown Advisory, a privately held global investment management firm, has added two analysts to its global sustainable fixed income team. They are based in London.
Yacine El-Mohri is joining from BNP Paribas where he was a financials credit trading desk analyst, specialising in European banks and insurers, the firm, which oversees about $120 billion in client assets, said in a statement. Eriko Miyazaki-Ross is joining from Global Evolution where she was an emerging markets corporate credit portfolio manager and UK branch manager, responsible for managing portfolios and overseeing the corporate credit investment committee.
In their roles as fixed income analysts based in Brown Advisory’s London office, El-Mohri and Miyazaki-Ross will add expertise to the firm’s team of fixed income and equity fundamental and ESG analysts.
The new appointments follow the launch of Brown Advisory’s Global Sustainable Total Return Bond strategy in February this year with a sterling fund, and in March with a dollar fund. During this time, the strategy has seen strong demand from clients, with assets rising to $265 million across both funds, the firm said. Against a challenging macroeconomic backdrop, the sterling fund outperformed the Bloomberg Barclays Global Aggregate 1-10 year (GBP hedged) index during Q3 2022 by 2.10 percentage points, the firm added. The strategy is managed by Ryan Myerberg in London, and Chris Diaz and Colby Stilson in the US. It seeks to offer investors access to an attractive stream of income and risk-adjusted returns while simultaneously generating a positive impact on global sustainability issues.
“Financial markets have been challenged in terms of correlations, volatility and valuation, with the economy in a classic “late cycle” state that demands a defensive posture and a focus on preserving capital. Monetary policy will continue to tighten, growth will continue to slow, and interest rates and risk assets should be positively correlated to the downside," Myerberg said.
“At the highest level, we’re facing risks associated with a new world order unfolding on myriad fronts: geopolitics, de-globalisation, renewable energy transition, and ageing populations, all of which could influence the trajectory of inflation going forward. The global monetary and fiscal policy backdrop will also keep putting pressure on corporate earnings. Spreads, particularly within the US, have not reached levels that fairly compensate investors for recession risk, but within European markets we may see some opportunities to lean into corporate credit over the coming months,” he added.
Hargreaves Lansdown, the UK wealth manager, has appointed Ruchir Rodrigues as chief client and commercial officer. Rodrigues is joining from Barclays’ next-generation commerce platform and the consumer business. His career experience to date includes leading the large-scale digital transformation of the Barclays retail banking business in the UK.
White Oak Group
White Oak Group has appointed Ben Hayward as the head of distribution, Europe, excluding Germany, Austria and Switzerland, and the Americas.
Based in London, Hayward has seven years’ experience as a distribution and investor relations figure working in asset management. He previously worked for UTI International, India’s oldest asset manager, where he was responsible for developing the business across the UK and Nordic markets. Prior to UTI International, he worked at Fidelity International in its Middle East and London offices in various client-facing functions.