A roundup of moves in and around the world”s wealth management sector during September.
CdR Capital Group, the private investment office based in Geneva,
London and Dubai, made two new appointments: Hoda Barakat and
Nour Tassabehji. They are based in Dubai.
Hoda Barakat, who runs her legal consultancy firm in Dubai,
joined Mark Rushton as non-executive director of the CdR Dubai
board. She has more than 25 years of UAE professional experience
specialising in intellectual property and information technology
law. Barakat was previously managing partner and head of IP and
IT law for one of the largest regional firms in the UAE.
Nour Tassabehji, who has been with CdR since 2018, was appointed
as the senior executive officer of CdR Dubai. Her career before
joining CdR Dubai spanned both financial services and luxury
brand management. She provided trading and advisory services to
high net worth individuals with Morgan Stanley Private Wealth
Management, and then oversaw strategic EMEAI countries as senior
commercial manager for Parfums Christian Dior.
Kleinwort Hambros made a number of hires for its teams in London
and Cambridge. Tracey Beechey joined the UK domestic team, based
in London. Beechey is a Chartered Wealth Manager and financial
planner with significant experience in managing high net worth
clients’ assets. She joined from HSBC Private Bank and reports to
Andrew Costard, team leader, UK domestic private banking at
Kleinwort Hambros.
Heather Sonnet and Dean Stewart joined the Cambridge team,
reporting to Mark Sinclair, head of the Cambridge office. With
over 27 years’ experience, Sonnet most recently launched and
developed the Cambridge office for Brewin Dolphin. Stewart has
more than 20 years’ experience in the private banking industry
and joined from HSBC Private Bank, where he was responsible for
private clients in the Midlands region. Additionally, Nji Lorimer
joined the senior wealth planning team in London and reports to
Andrew Dixon, head of wealth planning. Lorimer previously worked
at London and Capital and Grant Thornton.
Global financial services consulting firm Sionic added two
directors to its wealth management and private banking practice.
It opened a new Geneva base at 14 Rue Kléberg in the heart of the
city’s private banking district.
Anja de Troyer, a specialist in business transformation, joined
as a director in Geneva, and Niall Buggy joined as a director in
London.
De Troyer has a long track record of working in wealth management
across Benelux, France, and Switzerland, specialising in change
management, business strategy and operations reviews, most
recently in digital solutions deliveries. She was previously
client solutions and product manager at Finantix (now
InvestCloud), focusing on client relationship management and
lifecycle management products. Buggy also has a history of
leading business transformation in wealth and asset management,
hedge funds and private equity. Previously, he worked in senior
roles in programme, project and transformation management at
Brooks Macdonald, SG Kleinwort Hambros, HSBC, Fidelity
International, Willis Towers Watson, and Coutts.
James Hambro & Partners recruited 7IM’s head of financial
planning, George Martineau, as a partner. He joined in the firm’s
new Edinburgh office in Fountainbridge. Martineau was a wealth
management director at Edinburgh-based discretionary asset
manager Tcam before it was acquired by 7IM in 2018.
Pacific Asset Management appointed former JP Morgan analyst Julia
Varesko as a senior analyst within its Longevity and Social
Change Equity team. She reports to Saurymper. Previously, Varesko
covered diversified financials at JP Morgan as a senior analyst.
Before that she worked at Elsworthy Capital and Berenberg Bank.
Värde Partners promoted Shannon Gallagher and Mona Girotra to
global co-heads of its business development and investor
relations group, reporting to the firm’s president, Jon
Fox. Based in London, Gallagher joined Värde in 2018 having
previously been responsible for leading business development in
Europe, the Middle East, and Asia Pacific. Girota, who joined
Värde’s New York office in 2018, had previously led the team’s
product specialist and consultant relations functions.
Greengage, a firm planning to become the first “digital asset
merchant bank,” named its new chief financial officer, Brennan
Elliott-Jones. Elliott-Jones was previously CFO at challenger
bank Fiinu and before that head of finance at Starling
Bank.
BNP Paribas Asset Management appointed Maya Bhandari as global
head of multi-asset to increase the firm’s business. She joined
in London and reported to multi-asset and quantitative and
solutions CIO Denis Panel. Bhandari previously worked at Columbia
Threadneedle Investments where she was executive director of the
multi-asset portfolio business, managing and co-managing a global
range of diversified growth, multi-asset income and institutional
mandates.
Edmond de Rothschild Asset Management appointed Corinne Crawford
as global head of consultant relations. This is a newly-created
function. Crawford, who is based in London, manages consultant
relations across Edmond de Rothschild Asset Management. She
reports to Marie Jacot-Cardoen, global head of distribution.
Before joining the firm, from 2012 she worked as director, head
of consultant relations (UK) EMEA Institutional Business at
Allianz Global Investors in London.
Tilney Smith & Williamson appointed Charlotte Fairhurst as
business development director to help grow connections with
solicitors and accountants in London and the South East.
Fairhurst moved from Octopus Investments where she spent four and
a half years as strategic partnerships manager in charge of
relationships with national financial advisory firms, networks
and service providers.
Geneva-based multi-family office Key Family Partners appointed
Emanuele Zanon di Valgiurata as a partner and board member. Prior
to this, he was head of private banking at Banque Morval in
Geneva. Additionally, it nominated Simon Minder as a board
member. Di Valgiurata started his banking career in 1990 in
Paris, and joined Banque Morval in 1993, later becoming a member
of the investment committee and the executive committee in 2002.
Within the Morval Vonwiller group, he covered different roles as
an equity portfolio and fund manager. He was also MD of Vonwiller
and chairman of Morval Vonwiller Advisors SA Uruguay.
Minder was previously chief operating officer, managing partner
and director of Marcuard Family Office in Zurich. He has an MBA
from the University of Southern Queensland, Australia, as well as
a Master of Advanced Studies (MAS) in management and Bachelor of
Business Administration (BBA) from HWZ Zurich University.
HSBC Asset Management appointed Caroline Keany as a senior
portfolio manager within the emerging markets debt investment
team. Based in London, Keany reports to Bryan Carter, head of
global emerging market debt. With over 20 years’ experience,
Keany was formerly at EMSO Asset Management, where she worked in
varying capacities.
Edmond de Rothschild Asset Management added three personnel to
its investment teams: Delphine Arnaud, Daniela Savoia and
Alexander Eventon. Arnaud joined the multi-asset and overlay team
as a portfolio manager/analyst. Based in Paris, she reports to
Michaël Nizard, head of multi-asset and overlay. Prior to joining
Edmond de Rothschild Asset Management, she was a diversified fund
manager at La Banque Postale AM for three years. Between 2016 and
2018, she was a quant analyst attached to the diversified
management.
Savoia joined the fixed income team as an emerging sovereign debt
portfolio manager/analyst. Based in Geneva, she reports to Romain
Bordenave, senior emerging sovereign debt portfolio
manager/analyst. Before this, she worked for Fisch Asset
Management in Zurich as an emerging markets credit analyst.
Eventon joined the fixed income team as head of investment grade
and hybrid corporate debt. He will be the lead portfolio manager
of a new strategy which invests mainly in hybrid corporate debt
of companies from any geographical area.
Julius Baer folded parts of its local Swiss business under a new
roof.
Gilles Stuck took on the role of market head for Switzerland,
responsible for steering all strategic market initiatives across
the country, while also heading the teams of German-speaking and
French-speaking Switzerland. He reports to Yves Robert-Charrue,
head of Switzerland and Europe, Middle East and Africa. Stuck has
been with the private banking group since 2018, when he joined as
head of structured finance. Prior to that, he spent more than 12
years in the financial services industry, holding various senior
management positions in wealth management.
After 12 years, Andreas Feller, head of German-speaking
Switzerland, decided to leave Julius Baer to pursue other career
opportunities following the smooth handover of his
responsibilities. In Geneva, Emmanuel Debons, head of
French-speaking Switzerland, was made branch manager.
CRUX Asset Management appointed Martin Currie’s Asia ex-Japan
portfolio manager, Damian Taylor, as the deputy lead for the
firm’s two new Asia equity strategies. Taylor brought more than
20 years’ investment experience having worked at Morgan Stanley
and Goldman Sachs before joining Martin Currie in 2013, where he
was portfolio manager for the firm’s flagship Asia Long-Term
Unconstrained strategy.
Tilney Smith & Williamson named two senior hires in its
financial intermediaries business development team. Crawford
Armstrong and Mark Johnson, who joined from Quilter Cheviot,
focus on business development in Scotland and the South of
England respectively.
Armstrong spent 12 years at Quilter Cheviot where he was regional
development director in Scotland. Previously, Crawford worked for
Scottish Life, National Mutual, @SIPP and Clerical
Medical/Scottish Widows during his 30-year career supporting
financial planners in Scotland. Johnson, who has 18 years’
experience in business development, joined Tilney Smith &
Williamson’s Southampton office from Quilter Cheviot where he
spent over four and a half years, based in Salisbury.
Independent global investment manager Brown Advisory has expanded
its fixed income team, appointing Anna Rudgard as a fixed income
ESG analyst working with the Global Sustainable Fixed Income
team, ahead of its first strategy launch later this year. Rudgard
joined from Aon, where she was a senior consultant in its manager
research team and lead researcher for fixed income ESG
strategies. She is based in Brown Advisory’s London office.
JTC Private Office appointed private client and family office
specialist Nic Arnold as its UK head of the business. With a
reputation as a leader in the UK and international private client
space, Arnold has more than 20 years’ experience of serving high
net worth individuals.
Julius Baer added three personnel to its Moscow team. Vladislav
Metnev joined as an investment advisor. Daria Matusevich and
Ekaterina Ardasova joined as relationship managers. Financial
services veteran Metnev, previously from Ingosstrakh-Investments
Asset Management, focused on providing tailored investment advice
to clients. Matusevich was formerly at Credit Suisse in Moscow,
where she spent a decade working with HNWI and UHNWI private
banking clients. A second relationship manager Ardasova spent
more than a decade at Sber Private Banking and VTB24 (Russia).
The two relationship managers report into Jean-Michel Brunie,
head of front office in Moscow, and investment advisor Metnev
reports locally into Rudolf Scherrer and functionally to the
Investment Advisory in Zurich.
The managing director of sustainable business development at Bank
J Safra Sarasin in Switzerland left after having been in the role
for slightly less than two years. Prior to his J Safra Sarasin
role in October 2019, he was head of sustainable finance at
Nordea from August 2016 to June 2019, and before that, he was
head of responsible investments and identity, at Nordea Asset
Management.
Sorbus Partners, the private investment office based in the UK
midlands, appointed Charles Cantlie for sales and business
development. Cantlie is experienced in marketing investment funds
in the retail/institutional sector in the UK and internationally.
He began his financial career with James Capel and County NatWest
and has worked for FMG Fund Managers and Rudolf Wolff and more
recently, for RiskCap International and Fucius Capital.
City law firm Wedlake Bell expanded its private client,
intellectual property and data protection teams with three new
partners. Charles Wang moved from Rosenblatt, and Charlotte
Wilding and Alexander Dittel came from Deloitte.
Quilter tapped former Standard Life Aberdeen platform head David
Tiller as commercial and propositions director. He reports to
platform head and Quilter Investors CEO Steven Levin. Tiller was
most recently global head of client technology solutions at
Standard Life Aberdeen, where he spent eight years being
responsible for platform development.
Hannah Wailoo joined global law firm Withers as a partner in tax
and wealth planning in its London office. Wailoo, previously at
Trowers & Hamlins, specialises in succession and personal tax
planning for domestic and international individuals, families,
trustees and family offices, with a special focus on Middle
Eastern families and businesses.
Dutch investment manager Robeco hired eight investment
professionals in Switzerland to boost sustainability coverage.
Roman Boner joined as lead portfolio manager of RobecoSAM’s Smart
Energy strategy, and seven equity analysts joined the firm’s
Sustainable Themes investment group.
Boner, who is based in Zurich, was previously at Woodman Asset
Management, where he established the impact offering. Before
that, he was senior portfolio manager at Swisscanto, responsible
for managing different thematic global equity funds and
co-managing sustainable multi-asset funds. He also served as a
portfolio manager at UBS Global Asset Management focused on
thematic sustainable equity strategies.
Other hires or promotions announced included Pieter Busscher as
lead portfolio manager of Robeco’s Smart Mobility strategy;
Michael Studer as senior equity analyst (technology) and deputy
portfolio manager for the Smart Energy strategy; and Mutlu
Gundogan, Sanaa Hakim, Clément Chamboulive, Alyssa Cornuz, Simone
Pozzi, and Diego Salvador Barrero joined as equity analysts.
AllianceBernstein appointed George Ullstein as portfolio manager
for global equity income, based in London. Ullstein moved from
Schroders Asset Management, where he was a portfolio manager
responsible for generating alpha for its global equity growth and
income strategies. Prior to this, he was an equity research
analyst for Schroders, Sarasin & Partners and Putnam
Investments.
Invesco appointed Maximilian Kufer as head of ESG for private
markets. He reports to global head of ESG Cathrine de
Coninck-Lopez and is based in London, where he is responsible for
ESG integration across the firm’s real assets and private
alternative strategies. Prior to joining Invesco, Kufer spent
four years as global sustainability manager at AXA IM in
alternatives, leading responsible investment integration for real
estate, infrastructure and private debt.
Credit Suisse named Rafael Lopez Lorenzo as chief compliance
officer. He is full time and took over from Thomas Grotzer, who
was interim CCO after a shakeup by the bank amidst the Archegos
affair. Grotzer had occupied the position since April when Lara
Warner left the firm after the collapse of Archegos Capital
Management, a New York-based hedge fund/family office to which
the Swiss bank was exposed as a prime broker.
Separately, Credit Suisse’s Christine Graeff was appointed global
head of human resources. She succeeded Antoinette Poschung.
Lorenzo, who joined Credit Suisse in 2015 from JP Morgan, has a
background in audit and banking. Both Graeff and Lorenzo reported
to the group CEO, Thomas Gottstein. Graeff has been global head
of communications and deputy global head of human resources since
joining Credit Suisse at the beginning of the year.
Citigroup appointed Zeynep Kerimoglu as head of capital markets
sales for Europe, the Middle East and Africa, Citi Global Wealth
Investments, said. She reports to Benoit Savaria, head of EMEA
Capital Markets, Citi Global Wealth. Prior to this, she worked at
the banking, capital markets and advisory (BCMA) business at
Citigroup, leading Central and Eastern Europe, Middle East and
Africa (CEEMEA) debt capital markets syndicate.
UK law firm Fladgate appointed Kate Troup as a partner in its
nine-partner Funds, Finance and Regulation (FFR) practice. Troup
joined from Charles Russell Speechlys, where she spent over a
decade as a partner in the firm’s financial services team. Before
that, she spent eight years as a solicitor at Farrer & Co.
Titan Wealth, a discretionary fund management business, appointed
Ken Coveney as chief financial officer, based in London. Coveney,
who brought nearly three decades of experience to the role, was
previously the CFO at Crown Agents Group, Alcumus Group and most
recently at Corona Corporate Solutions.
Mayfair Capital Investment Management, the specialist UK real
estate investment manager wholly-owned by Swiss Life Asset
Managers, hired Christi Vosloo as head of ESG for the UK.
Van Lanschot Kempen Switzerland appointed Marco Robbertsen as
chief commercial officer. Before this, Robbertsen worked as
market head for the Middle East and chief executive of the Dubai
office at Banque Internationale à Luxembourg. Prior to that, he
held various international positions at Deutsche Bank and Credit
Suisse. Vosloo, who joined the business in mid-August, is
involved in putting an ESG strategy to work at Mayfair Capital,
whilst working with the ESG team at Swiss Life.
HSBC appointed François Essertel as market head for Europe
International in addition to his role as head of private banking
for France. In his expanded role, Essertel oversees and develops
the private banking client coverage in Continental Europe. A
graduate of the Institut Commercial de Nancy, Essertel began his
career in 1990 at Credit Lyonnais, where he worked in Asia as
well as being part of their leveraged buy-out financing team. He
joined Neuflize OBC in 1995, where he spent the first part of his
career in the corporate department. In 2006, he became desk head
of private banking and, in 2008, was appointed deputy director of
private banking at Neuflize OBC. He joined Credit Suisse Private
Bank (France) in 2008 as director of private clients, where he
was appointed chairman of the management board in 2010.
Schroders Capital appointed Iris Aalders in the newly-created
role of head of real estate client and product management. Based
in London, she is responsible for investor servicing and product
management for the global real estate business, reporting to
Robin Hubbard, head of real estate capital formation. Aalders
spent the greater part of her career to date at CBRE Global
Investors and CBRE, most recently as global executive director of
client care for Continental Europe and Asia-Pacific, based in
Amsterdam and Singapore.
Sam Murphy moved internally to become the product manager in
Aalders’ team, responsible for the real estate debt and hotel
fund offerings. Maisie Donati also joined the team as a product
executive to support the various product managers.
PGIM Real Estate appointed Raimondo Amabile as global chief
investment officer – an expansion of his existing role as head of
Europe and Latin America.
IQ-EQ appointed Alex Dean as the firm’s first UK head of private
wealth. Dean is a senior private banker who worked most recently
at EFG private bank, where he was responsible for driving client
development. He also spent three years as client director at
Rathbones, and before that four years at RBC Wealth Management.
Avaloq appointed a new managing director for the UK market. Based
in London, John Wilson was appointed to lead UK sales and
management teams for the digital banking and wealth management
solutions firm. He moved from his prior role leading Avaloq’s UK
and Ireland delivery business.
Woodside Holdings Investment Management appointed Charles
Humpleby as managing director for client origination. Humpleby
works with the board of Woodside to attract ultra-high net worth
individuals and wealth creators to its asset protection,
management and administration services.
Humpleby started his career in 1987 with the Trustee Savings Bank
in Jersey, then with Lloyds TSB once they merged in the late 90s,
working in Hong Kong and London. Joining Standard Chartered Bank
in 2003, he then spent 15 years in Jersey, Singapore and then
again in Hong Kong delivering creative wealth management
solutions for UHNW individual clients with complex needs,
securing long-term client retention, before returning to Jersey
in 2018.
Saffery Champness Registered Fiduciaries appointed former Credit
Suisse senior figures Stefan Aegerter and Tim Parkinson as client
directors in its Zurich Office.
Aegerter was formerly at Credit Suisse Trust Limited, where he
was head of trust and estate advisory for the international
wealth management and Swiss universal bank arms. In this role, he
led a team of twelve advisors across Switzerland and the Middle
East and was responsible for client-facing activities for a large
portfolio of global clients. Parkinson is an expert in wealth
structuring, in particular advising on the structuring of
financial and non-financial assets. He has also supported family
offices and international ultra-high net worth clients. Bringing
with him more than 15 years’ experience in the trust and
fiduciary industry, Parkinson was previously head of trust and
estate advisory at Credit Suisse Trust AG, based in Zurich, also
serving as interim head of trust and estate advisory in Credit
Suisse’s Hong Kong office.
Carmignac appointed Abdelak Adjriou as manager of the Carmignac
Portfolio Global Bond fund. Adjriou joined Carmignac in Paris.
Prior to this, Adjriou worked at American Century Investment.
Pictet appointed ex Goldman Sachs banker Robert Suss as chief
executive of its UK Wealth Management business. He reports
to head of Pictet Wealth Management for Europe, Sven Holstenson.
Spending close to two decades at Goldman Sachs, Suss was most
recently managing director and head of private wealth management
in London for the US investment house. He has also headed its UK
and Ireland private wealth management and wealth management
solutions. He left Goldman Sachs in 2015.
Stefano Veri decided to take early retirement from his role as
head of its global financial intermediaries (GFIM) business at
UBS. Veri, who has been in the post since 2014 and at the
Zurich-listed firm for four decades, left in November. The bank
named Thomas Frauenlob as his successor. Frauenlob, who took over
from Veri, reports to Anton Simonet, head of wealth management
Switzerland and GFIM at UBS Switzerland.
In a series of moves at M&G Investments, RM Jasmine Miller
was promoted to partnerships sales director based in Bristol. She
works alongside head of partnerships David Halfacre.
Allan Smith, John Pascoe, and Wayne Sawyers joined as
relationship managers based in the UK to support the regional
sales teams and directors. Pascoe covers the North of England and
Scotland, Smith the West and Wales, and Sawyers London and the
South East.
ZEDRA added to its roster of senior figures in Luxembourg. It
appointed Murjel Breedveld Jagesser as client director in
Luxembourg’s corporate services and global expansion team
alongside Charles-Alexandre Houillon as director of fund
management services.
Ravenscroft, the UK investment services group, appointed Sophie
Yabsley to join its board. Yabsley joined the firm in 2008 as a
portfolio manager and is a member of the discretionary investment
committee. In 2018, she was promoted to head of client services
and is now joining the board to oversee client service and client
experience.
Cazenove Capital, part of the London-listed Schroders group,
recruited a further three experienced advisors: Craig Jones and
Omar Iqbal, who are based in Birmingham, report to David Price,
head of the Birmingham office, servicing clients in The Midlands;
and Rhys Twomey is based in Bristol.
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