People Moves

Who’s Moving Where In Wealth Management – Old Mill, UBP, Others

Editorial Staff 19 October 2023

Who’s Moving Where In Wealth Management – Old Mill, UBP, Others

The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.

Old Mill 
Old Mill, the wealth manager, has appointed financial planner and digital advice specialist Hugh Johnson. 

Johnson (pictured) was formerly the global head of operations at Fry Group responsible for integrating the firm’s multi-service proposition before professional services firm Progeny bought it in 2022.  He began his financial services career in 2008, working as a foreign exchange broker before moving to the financial advice business. Johnson has also worked at firms such as Sanlam.

In late September Old Mill, based in the southwest of England, appointed chartered financial planner Tim Blowers to join the wealth management team.

Union Bancaire Privée SA 
Union Bancaire Privée SA, has appointed three “seasoned experts” to build out its emerging market fixed income product range.

Following on from the recruitment of Sergio Trigo Paz from BlackRock as head of its EM fixed income team in September 2022, UBP has hired Jack Deino and Raphaël Maréchal as senior portfolio panagers, from BlackRock and Nikko AM respectively, in addition to Alonso Perez-Kakabadse as senior portfolio advisor and strategist, from Wellington Management.

Their arrival complements the now 11-strong team – spread between London, Zurich and Hong Kong – comprising portfolio managers, credit analysts, strategists and investment specialists, with an average of 25 years’ industry experience, the firm said in a statement.

UBP has reviewed its EM fixed income offering and implemented a new investment process integrating responsible investment at its core. The range spans the whole emerging market debt investment universe, from sovereign and corporate to local debt, all strategies designed as solutions to clients’ specific needs and expectations.

“These three new joiners’ long-standing expertise in EM credit, local and long/short strategies and in-depth understanding of emerging markets will enhance our investment capabilities and contribute to driving long-term value for our clients,” Paz said.

S64, a global alternatives solutions business, has appointed Pedro Sabido as head of Iberia, based in Madrid.

Sabido will be responsible for expanding S64’s client base of private banks, wealth managers and asset managers in Spain, Portugal and Andorra – territories which offer significant opportunities for the firm, it said in a statement.

Sabido, who has a decade of industry-leading private banking experience, began his private banking career at Santander covering Brazil and Latin America, before joining UBS Wealth Management in London. He then joined Allfunds as head of business development in Brazil in October 2021, a role which saw him grow the company’s presence in the region considerably in just two years.

Sabido’s appointment represents the latest in a series of strategic hires amid rising demand from the private wealth industry in EMEA and APAC for private markets access, the firm said. It has also made a series of hires for its London office in line with expanding its operations globally.

S64’s innovative technology platform offers the full lifecycle management of alternative assets – from structuring and onboarding to financing, as well as secondary market capabilities.

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