Skandia UK, part of Old Mutual Wealth, restructured its 80-strong sales team with the aim of improving the support it provides to financial advisors. The firm has also unveiled a series of senior appointments. Two new types of role were created : “wealth management consultant” and "development consultant". In the first case, such people will work with advisors to identify opportunities to grow their business. In the second role, such a person gives advisors account support on a day-to-day basis.
Steve Powell was confirmed as the new sales director for the UK, reporting to Peter Mann, managing director for the UK. Reporting into Powell was Nick Jones, head of sales for the South and Gary Stirrup, head of sales for the North. Powell also heads a strategic sales team and specialist sales team, with Nigel Jefferies appointed to the role of head of strategic relationships.
Skandia created a new investment solutions team and appointed James Millard as director of investments to lead the unit. Millard was previously director of investments at Old Mutual Global Investors. The new team will manage and create investment solutions for the Skandia businesses in the UK and abroad. Skandia’s existing investment marketing team, headed up by Graham Bentley, responsible for the promotion of Skandia’s investment propositions, continued to lead sales and marketing activities with Skandia’s fund group partners globally.
Kuber Ventures, a newly-created multi-manager platform for UK-based Enterprise Investment Scheme portfolios, appointed Debbie Mahanta as a business development director. Mahanta has worked for St James’s Place, UBS and Goldman Sachs. She joined managing partners John Williams and Dermot Campbell.
ECU Group, the London-based currencies specialist, made two major private client appointments. Matthew Lindfield was named head of private clients, while Maria Chapman was named head of private banking and intermediary relationships.
Lindfield rejoined the firm after a stint with Alexander James Associates group (a partner within the St James’s Place partnership and which is authorised under St James's Place Wealth Management). Previously he spent almost a decade with ECU. Chapman also rejoined ECU after close to a year as head of business development at Maseco Private Wealth.
Old Burlington Investments, the UK alternatives boutique, appointed Noreen Kelly as a business development manager. Kelly was latterly a relationship manager at Octopus Investment Management.
Duncan Lawrie Private Bank promoted Steven Quayle to director of finance, risk and compliance at its Isle of Man subsidiary, after four years of service as financial controller. Before joining Duncan Lawrie in 2008, Quayle was a client accountant at ECS International (now Baker Tilly Isle of Man).
Guernsey-based Dominion Funds boosted its sales force, adding Dan Haylett and Sophia Murday to its UK sales team, charging them predominantly with developing intermediary and discretionary interest in its Global Trends range of funds, who was named business development manager, joined from Ignis Asset Management.
Nikko Asset Management named Yu-Ming Wang as international chief investment officer, a role in which he oversees all the firm’s investment teams outside of its home market of Japan. Wang was latterly head of fixed income for Asia at Manulife Asset Management (Hong Kong).