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Who's Moving Where In Wealth Management? - Withers, Baillie Gifford, LGM Investments, Schroders, Hawksford, Wren

Editorial Staff

3 October 2017

Wren
, the private equity specialist and wholly-owned subsidiary of UK-listed Schroders, has appointed Reto Schwager as its new chief executive, taking over from Sven Liden at the start of next year. On an iterim basis, Stephen Mills, Schroder Adveq executive chairman, will perform Liden’s responsibilities, the firm said in a statement yesterday. 

Previously, Schwager was at the financial services group Orix Corporation where he was global head of private equity at Robeco and member of the executive committee of Robeco SAM. Prior to that he was a partner and member of the executive board at Partners Group. Before that, he was chairman of AIG Investment (Europe).

In his new role, Schwager will be based in Zurich and report to Mills.

Hawksford
International corporate, private client and funds firm  has appointed Darren Kelland as global head of private client to lead and further develop the strategic direction of its private client division, the firm said in a statement.

Kelland will be responsible for a team based across Jersey and Asia.

He has more than 13 years’ experience working with private clients and family offices.  Before joining Hawksford, Darren was head of private wealth in Jersey at Intertrust (formerly Elian and Ogier FS) having previously held the role of director and head of the family office team, which he established in 2010. 

Legal & General
 (LGIM) has named Stephen Message as manager of the L&G UK Equity Income Fund, with £268 million($356 million) in assets under management, the firm said in a statement.

Message oversees £1 billion in assets across LGIM’s UK Income fund range. He joined LGIM in August 2017. He was previously at Old Mutual Global Investors, where he managed the Old Mutual UK Equity Income Fund and prior to this, he was an equity fund manager at Bessemer Trust.

Withers
, a specialist real estate investment, development and asset management firm, has appointed Alex James as a managing director and head of capital markets, based in London. 

With ten years of experience in capital markets, having raised capital for joint venture investments into global real estate, James joins from Hines, a real estate investor, where he was a managing director in the capital markets group. Part of the team that built up Hines’ investor relationships in Europe, James led the structuring and implementation of new real estate private equity funds. He started his real estate career at Lehman Brothers within the Real Estate Finance team. 

In his new role, James will look after capital raising, fund and venture formation, along with overseeing investor relations and business development, utilising capital markets resources in Europe, Asia and the US. 

Round Hill Capital has invested over $6 billion in European real estate assets since its inception in 2002.