AEW hires MSCI executive
Real estate fund manager AEW has appointed an MSCI executive to its capital raising and client management team. Doug Rowlands becomes a director at AEW, focusing on capital raising for investment into UK real estate from international investors. Rowlands joined MSCI in 2006 and was a vice-president and head of UK client consultancy fund management when he left the index business in July.
Allen & Overy hires regulation lawyer
City law firm Allen & Overy has swooped on a financial regulation partner from rival Herbert Smith Freehills, according to a statement. Nick Bradbury, who has been a partner at Herbert Smith Freehills since May 2015, having previously spent a decade at Freshfields Bruckhaus Deringer, focuses on banking and financial market infrastructure. The statement said that Bradbury will work with A&O’s other London-based regulation partners Damian Carolan, Etay Katz and Kate Sumpter. Philip Bowden, co-head of global banking at the firm, said there was an overwhelming client demand for lawyers adept at financial regulation.
AXA Investment Managers reshuffled European team
AXA Investment Managers has reshuffled its institutional team, according to a statement from the asset manager. Franz Wenzel will move from AXA IM’s research and investment team to institutional solutions, where he will develop multi-asset portfolios for clients in Germany, Switzerland and Austria. Wenzel has worked at AXA since 1997, when he joined as a European economist. The statement said that Wenzel will report to Mathilde Sauvé, head of institutional solutions.
BAML electronic trading co-head exits
One of the co-heads of Bank of America Merrill Lynch’s top-ranked electronic stock trading business in Europe has left the US bank, following a period of growth for the franchise. Tony Walker, who co-led BAML’s European electronic equities business alongside Natan Tiefenbrun, left the bank earlier this month, according to people familiar with the situation. Walker, who could not be reached for comment, had responsibility for sellside accounts including brokers and latency-sensitive firms. Walker, who during his time in the City has also helped set up Headkayse, a company that makes foldable cycle helmets, is taking a break from the financial services industry, according to one of the people.
bfinance recruits global content director The investment consultancy bfinance has hired a financial editor for a senior marketing and research role. Kathryn Saklatvala has been appointed as global content director at bfinance. She was previously a managing director at Euromoney Institutional Investor, running the publication’s investor network community. A statement from bfinance said that Saklatvala will lead the consultancy’s efforts to produce research on the issues that are of concern to its clients.
Citigroup compliance chief to step down
Citigroup’s chief compliance officer, John Davidson, is retiring after three years in the role. Davidson told his team the news on October 19, according to people familiar with the matter. He joined Citi in 2008 as chief administrative officer for risk management after stints at exchange operator CME Group and Morgan Stanley. His former boss Brian Leach, who was Citi’s top risk officer, retired last year.
KBI adds North America salesman
Dublin-based fund manager KBI Global Investors (formerly Kleinwort Benson Investors) has recruited a salesman from New Amsterdam Partners to cover the North American market. William Lynch becomes a senior vice-president business development for the region. He was partner and head of marketing and client services at New Amsterdam Partners, having also worked at Avatar Associates and Prudential. Lynch will be based in KBI’s Boston office.
KKR swaps client relations head in key EU market
Kohlberg Kravis Roberts’s head of client relationships for the Netherlands – one of the most important European markets for private equity firms seeking to raise money – has left the buyout giant. Jurcell Virginia left at the beginning of October after four and a half years with the firm, according to a person familiar with the matter. Virginia sat within KKR’s client and partner group and was responsible for building relationships with institutional investors across the Netherlands. He will be replaced by James Marsh, who will move to London from New York.
Laven Partners appoints hedge fund executive The financial services consultancy Laven Partners has a new recruit for its due diligence department. Nick Illsley has joined Laven Partners from hedge fund Systematica, having led the treasury and collateral team at BlueCrest Capital. Illsley trained as a chartered accountant at EY before joining Lehman Brothers in its fixed income division.
LGIM’s equities chief to leave
Legal & General Investment Management’s head of equities is leaving the UK’s largest asset manager less than four years after joining from Standard Life Investments. Lance Phillips is to depart the manager, which had assets totalling £841.5 billion at the end of June, the firm confirmed in a statement on October 26. His responsibilities will be assumed by other senior members of the team. UK smaller companies trust fund manager Rod Oscroft will gain broader responsibilities leading LGIM’s high alpha and global income teams, while Nick Hartley, a manager on LGIM’s real income builder fund, will lead the inflation plus team. Oscroft and Hartley will report to LGIM investment head Aaron Meder, who will have overall responsibility for the strategic direction of the firm’s equities team, LGIM said. Phillips joined LGIM in early 2013 from SLI.
NN Investment Partners nabs Robeco veteran
Dutch asset manager NN Investment Partners has hired a senior executive from Robeco, according to a statement from the company. Maureen Schlejen, who ran institutional sales for Benelux and the Nordics at Robeco, becomes head of institutional relations for the Netherlands. Schlejen’s brief will be to manage NN IP’s relationships with Dutch pension funds, insurers and other institutional investors.
NorthEdge opens in the Midlands with two new hires
The UK private equity firm NorthEdge Capital has made two hires to run a new office it has opened in Birmingham. The lower mid-market investor said in a statement that it had appointed Rob Freer as a director and Andrew Skinner as an investment manager. Freer has more than 25 years of corporate finance experience having previously worked at companies including EY, Royal Bank of Scotland, Deloitte and Lloyds. Skinner was a director at PwC before joining Jon Moulton’s turnaround firm Better Capital, where he was a director.
Northern Trust hires head of Asian fund services
The asset servicing giant Northern Trust has appointed a senior executive to lead its business in Asia, according to a statement from the firm. Caroline Higgins becomes head of global fund services for Asia at Northern Trust. Higgins joins the custody bank from private wealth manager Brown Brothers Harriman in Hong Kong. Higgins has 25 years experience in the fund services industry.
OpCapita adds retail veteran and Morgan Stanley banker The private equity firm OpCapita has added a retail veteran to its London-based team. Former House of Fraser chief executive John Coleman has been made operating partner at the fund and Nicholas Pouzin, an M&A banker from Morgan Stanley has joined as a director. Coleman also has also joined the board of online fashion retailer AppelrathCüpper, one of the companies in OpCapita’s portfolio. Coleman ran House of Fraser from 1996 to 2006, later becoming chairman of Aga Rangemaster and Holidaybreak. French-born Pouzin was an investment banking vice-president at Morgan Stanley. Before joining the bank six years ago, he worked for Deloitte and Ernst&Young.
Principal expansion recruits BlackRock distribution The asset management firm Principal has hired a head of funds distribution for Asia from BlackRock, according to a statement from the $ 400 billion investment manager. Suresh Singh will take on the role from Singapore, where he had been tasked with building a wealth and asset management sales team for iShares ETFs. Before joining Blackrock, Singh worked for Macquarie, based in Sydney. Nick Lyster said the Principal is planning to expand its fund distribution business to wealth managers in Europe and Asia.
RiverPeak Wealth hires Charles Stanley manager
Private wealth manager RiverPeak Wealth has hired a Charles Stanley executive as its head of investment advisory. Shauna Bevan takes on the role as head of investment advisory at RiverPeak, becoming a member of the firm’s investment strategy committee. Before joining Charles Stanley in 2003, Bevan worked at Merrill Lynch Investment Managers.
Russell Investments names new global head of trading
Russell Investments has relocated one of its top executives in Europe to the US to run its global trading business. Russell said in an October 26 statement that Rob Bishop has relocated from London to Seattle to replace Jim Imhof as managing director and global head of trading. Imhof is retiring from the $ 244 billion fund manager. Bishop was most recently head of implementation services in Europe, the Middle East and Africa. In the statement, Russell said it had appointed Mirjam Klijnsma, most recently its transition management director in Emea, as Bishop’s replacement. Richard Webb, a senior portfolio manager in Russell’s transition management team, has stepped up to replace Klijnsma.
Sackers and Partners selects human resources director The law firm Sacker and Partners has appointed a new head of human resources from the accountancy and advisory firm BDO. Debbie Holmes joins Sackers as human resources director. Before joining BDO in 2015, Holmes worked for Clifford Chance.
Schroders shuffles UK leadership
Schroders has relocated the head of its business in Japan to London to run its UK operations, as part of a reshuffle of its management in the City. Guy Henriques, Schroders’ country head of Japan since 2012 will take on the position of UK country head this month, the fund manager said in a statement on October 24. In his new role he will have oversight of both Schroders’ UK intermediary – its retail business – and institutional businesses. He will also lead the group’s Latin American business in Argentina, Brazil, Chile and Mexico. Henriques will report to John Troiano, global head of distribution.
Stifel brings in ex-BAML MD
A former managing director at Bank of America Merrill Lynch who left a year ago after more than a decade at the bank is helping Stifel build out its debt capital markets business, as it looks to make a mark in the high-yield space. Simon Davy was registered with Stifel Nicolaus Europe, the European broker-dealer business of Stifel Financial Corp, on the UK’s Financial Services Register as of October 4. Davy spent 15 years at Merrill Lynch and then BAML, leaving in October 2015. During his time at the bank he worked in the UK DCM team and, more recently, the UK investment banking unit, according to his LinkedIn profile.
TPG’s European fundraising head joins Pollen Street
A buyout firm that was spun out of the Royal Bank of Scotland three years ago has hired the former European head of fundraising at TPG to lead its investor relations. Magnus Christensson left US buyout firm TPG Capital in September 2016 after almost five years at the firm, according to his LinkedIn profile. He joined London-based Pollen Street Capital, which spun out of RBS in late 2013, on October 24, according to the Financial Services Register. He will work as head of investor relations, according to his LinkedIn profile.
Treasury puts ex-FN100 Woman in charge of financial services
UK Prime Minister Theresa May has appointed a former FN100 Woman as the Treasury’s new director general for financial services. The role has been given to Katharine Braddick, the Treasury said on October 24. It is a key post against the backdrop of the Brexit vote and negotiations around the nature of the UK’s exit from the European Union. Braddick began her career as a civil servant in 1996 at the Department of Environment, before going on to work for the Association of British Insurers trade body and the FSA – a forerunner of the Financial Conduct Authority – where her roles included head of prudential banking policy from 2011 to 2012 and head of regulatory strategy. Braddick, who was named an FN100 Woman in October 2013, went on to be director of prudential policy at the Bank of England’s Prudential Regulation Authority until 2014. She then joined the Treasury, where she has until now been director for financial services (international and EU). Braddick, who takes up the new role immediately, fills a spot that had been held by Charles Roxburgh, who was named second permanent secretary to the Treasury in June.
UBS names new head of blockchain
UBS has appointed a new head of research and development for its burgeoning blockchain business to replace Alex Batlin, who has left to join BNY Mellon. Peter Stephens, who previously worked in the Swiss bank’s chief technology office in Hong Kong, will assume his new role on November 1, relocating to London and reporting to Veronica Lange, head of innovation. At UBS, Batlin had established himself as a figurehead in the world of blockchain. He was a driving force behind the creation of UBS’s innovation lab in Canary Wharf-based accelerator Level39 in 2015.