Summary Of Global Moves In Wealth Management – November 2022
A roundup of all the moves and appointments during November last year.
Titan Asset Management appointed Alex Robinson as non-executive director. Robinson, who is chair of Earl Shilton Building Society, was previously group commercial director for Skipton Building Society for 10 years, and ran a portfolio of 11 companies where his roles included chair of the board and NED. Robinson is also a co-founder and chair of the Skipton and Ripon Enterprise Group, a network of individuals who provide free mentoring to small businesses and have, to date, assisted over 200 businesses.
Hargreaves Lansdown appointed Ziad Abou Gergi as head of the multi-manager team. Gergi, who has 20 years’ experience in the multi-manager area, joined the firm in December 2021. Prior to this, he headed Barclays’ high net worth multi-asset team.
UK-based Artorius Wealth engaged former UBS figure Jonathan Brown as senior advisor to work with the client teams to expand Artorius’ regional footprint. Based in the Northeast, Brown began his career in wealth management in early 1986. Over the course of some 36+ years he has worked for UK, American and Swiss organisations. For the last decade, Brown was a managing director running the UBS UK regional business.
RBC Brewin Dolphin appointed wealth advisors Edward Brown and Adam Gentry. They are based in the firm’s premises at 8 Waterloo Place in St James’s, London. Brown started his private banking career at Barclays in 2010, before joining Arbuthnot Latham in 2018. Gentry joined from Arbuthnot Latham & Co.
Accountants Saffery Champness named Shirley McIntosh as a partner in its Inverness office. McIntosh joined from RSM, where she was a partner and formerly head of tax for Scotland and Northern Ireland.
First Sentier Investors, the Japan-owned organisation, appointed Kate Turner as global head of responsible investment. Sydney-based Turner replaced Will Oulton, who retired from the business at the end of the year.
The new RI hires include:
-- Finian Power, appointed head of ESG policy and regulation, was previously head of investment management in FSI’s Dublin office.
-- Bjorn De Smedt, RI specialist. Sydney-based De Smedt is a corporate governance, climate change and sustainability specialist with over 18 years of experience in the financial services industry and a deep knowledge of ESG data and analytics.
-- Rhys Foulkes, RI specialist, spent the past 15 years in investment management focusing on fixed income, most recently as senior credit analyst at FSI, developing a special interest in ESG.
-- Belinda White, Sydney-based RI specialist, who has long been an advocate for increasing gender diversity in the workplace and championed financial gender equality, has spent the past 20 years working in external stakeholder engagement.
LGT Wealth Management appointed three senior wealth management professionals to join the firm’s team working for international private clients. Dr Etienne Khayat joined as partner and wealth manager along with Jack Harris and Peter Talavera joining as wealth managers. They focus on working with Middle Eastern private clients.
Khayat joined from Credit Suisse Private Bank where he worked for over 10 years in London and Dubai, leading teams of RMs covering the region. Harris, who has more than 15 years of private banking and wealth management experience in the UK and Middle East, was based in the GCC region for over seven years. He joined from Standard Chartered Private Bank in Dubai. Talavera has over 15 years of investment experience, including 10 years in the UK managing ultra-high net worth clients from Africa and the Middle East. Previously he worked for Credit Suisse Private Bank as an investment consultant servicing clients from the Middle East, Africa and UK non-resident Indians (NRI).
LGT Wealth Management also appointed Sajni Shah as a trainee wealth manager. Shah joined from Credit Suisse where she was a business analyst in the global markets technology team before moving into the private bank in 2017.
TrustQuay, a tech provider to the corporate services, trust and alternative fund administration sector, appointed Heath Davies as non-executive chairman – a newly-created role. Davies, who chairs the board and work with Keith Hale and the management team, brought more than 25 years of senior software industry experience, in Software-as-a-Service and working within the private equity community.
Standard Chartered appointed Mazen Fahad Al Bunyan as chief executive of its Saudi Arabia operations. Mazen Fahad Al Bunyan was previously the CEO of Alawwal Invest Company, the investment subsidiary of Riyadh-based Saudi British Bank.
Stefan Kreuzkamp stepped down as head of the investment division after 24 years at the DWS Group. The chief investment officer and the asset class officers report to CEO Stefan Hoops. Kreuzkamp agreed to the company's request to prematurely terminate his contract, which only runs until the beginning of 2024, to make room for the new management team.
Björn Jesch became the global chief investment officer for DWS, while Fiona Bassett took over the newly-created systematic solutions and implementation platform. Vincenzo Vedda became responsible for the active division, in which DWS combined the active equity and fixed income (including cash) asset classes.
Together, with the management team of the investment division, they report to Hoops. Additionally, Vincenzo Vedda took over Kreuzkamp's previous responsibilities on the management board of DWS Investment GmbH.
Kreuzkamp worked for DWS for 24 years, initially as portfolio manager for money market funds and later as head of fixed income and money market fund business and chief investment officer Europe.
London law firm Payne Hicks Beach appointed Sara Morgan, a specialist in UK taxes of international high net worth individuals, as a partner in the private client team. Morgan, who joined from Fieldfisher LLP, has experience of advising on personal taxation, trust and estate planning for high net worth and ultra-high net worth individuals and trustees, particularly where there is an international dimension. She moved to Fieldfisher LLP with the Linklaters trusts team. Prior to this, she worked in other London private client teams, including Withers and Forsters.
Private wealth and corporate services firm Praxis appointed business development specialist Dominic de Mariveles as commercial director. He has worked in business development and management consulting across a range of professional services for over 20 years. Business development director, Nathan Petty, also joined his team, moving from his previous client role at Praxis where he was responsible for a portfolio of clients.
Independent asset management boutique, Amati Global Investor, appointed Tom Whitfield as sales director. He has responsibility for clients in London and the broader South-East region. Whitfield joined from Sanlam Investments UK, where he was an account director with responsibility for wholesale and institutional clients across the London region.
Indosuez Wealth Management appointed Alexandre Ledouble as chief financial officer. Based in Paris, he reports to Jacques Prost, chief executive officer of Indosuez Wealth Management. Since 2019, within Crédit Agricole S.A. finance division, he has been responsible for the group's capital management and resolution planning.
Newton Investment Management, part of BNY Mellon Investment Management, appointed Judy Marlinski as the new chair of Newton Investment Management Limited (UK board) and Newton Investment Management North America, LLC (US board). Marlinski has served as an independent non-executive board member of the UK and US boards since July 2022. She succeeded Susan Noble as chair of the UK board, who stepped down after serving for eight years as a board member and five years as its chair. She has 35 years of experience in financial services, having held the CEO, president and COO positions within the investment management and wealth management industries of Fidelity Investments, including as president and CEO of Fidelity Investments Japan from 2011 to 2016 and president of Fidelity Institutional Asset Management from 2017 to 2020.
Global corporate, private client and fund services provider, Hawksford made three promotions. Steve Spybey was promoted to the role of group chief operating officer, Caroline Morris was made group chief financial officer and Rachel Husbands is finance director for Jersey.
UK wealth manager Evelyn Partners appointed Annabel Kerley FCA as head of fraud and financial crime to strengthen its forensic services team. She works with David Alexander, head of forensic services, and John Holden, head of forensic technology. She is a fellow of the Institute of Chartered Accountants England and Wales and a former senior investigator at the Serious Fraud Office and Financial Conduct Authority.
UK-based Jupiter Asset Management appointed Mathias Müller as head of international sales. The role is a new one for the firm. Based in Germany, and reporting to global head of distribution, Warren Tonkinson, Müller is responsible for the continued evolution and implementation of Jupiter’s growth strategy across the global wholesale channel, ex-UK. Prior to this role, Müller spent 20 years with Allianz Global Investors, where he became head of retail/wholesale for Europe in 2015.
JTC, the provider of services for funds, corporates and private clients, appointed Chris Fry and Paul Fauvel as directors. They are based in Jersey. Fry has more than 20 years’ experience in working with private clients. Prior to joining JTC, he worked for over two decades at another Jersey-based service provider, ending his tenure as head of family office services. Fauvel has over 25 years’ experience working in the international financial services industry.
Schroders Personal Wealth appointed Dominic Sheridan as CEO of its Authorised Corporate Director business. Sheridan is responsible for leading and developing the ACD. The ACD is responsible for the day-to-day governance of the Schroders Personal Wealth funds, ensuring that they are managed in line with their objectives, strategy and principles. Sheridan joined from Omnis Investments, where, as CEO, he established an asset management company with more than £10 billion ($11.9 billion) assets under management and a discretionary fund management business.
Hargreaves Lansdown appointed Maike Currie as its new head of marketing campaigns and content. Currie joined from Fidelity International.