Charles Stanley completes restructure
Wealth manager Charles Stanley has completed a restructure in its private client investment management division. The move has consisted of appointing four new directors, introducing a dedicated private client services team and bringing in a new private client committee. The four directors include Johnny Arthur from Hanson Asset Management, where he was head of investment management, Juliet Wedderburn, who previously ran her own financial services consulting business and had been head of London private wealth management at Deutsche Bank, and two internal hires – Jonathan Arthur and Rupert Boyle.
Cinven’s sale of HEG rejigs latter’s management line-up
Private equity firm Cinven’s sale of web services provider Host Europe Group (HEG) to cloud platform GoDaddy has led to the promotion of HEG’s Patrick Pulvermüller from COO to CEO and the appointment of new divisional CEOs for both mass hosting and managed hosting, according to a statement announcing the deal.
City Financial lures ops team from Fortress
City Financial has appointed Amy Wong, William Dumas, Justin Brodersen and Simon Taylor as senior operations managers. The group joined the firm on December 1, City Financial announced on December 5. All four will report directly to Lou Thorne, global chief operating officer, with whom they worked in the liquid markets business at Fortress and whose move to City Financial was announced in November. Taylor is based in London while the others work in New York City. City Financial, the $ 4 billion fund manager, has hired a four-strong operations team from global alternatives giant Fortress Investment.
Deutsche Bank names new innovation leadership team
Deutsche Bank is strengthening its ties with the global fintech community through the appointment of a dedicated head of innovation.The German bank said in a December 5 statement that Elly Hardwick has been appointed as head of innovation to work with financial technology companies and Deutsche Bank’s own business divisions on the adoption of new technologies. She will also manage the bank’s innovation labs globally. Hardwick left Credit Benchmark, a London-based startup that pools credit ratings from investment banks, in January 2016. She previously held roles at data giant Thomson Reuters and Morgan Stanley.
Goodwin hires Shearman duo
Law firm Goodwin has added Mark Soundy and Sarah Priestley to its private equity practice in London. Soundy joins from Shearman & Sterling where he was co-head of private equity and global head of private capital, while Priestley was previously London head of tax at the same firm.
Houlihan Lokey hires its ‘ideal banker’ in Europe
A 25-year veteran of Deutsche Bank has joined US investment bank Houlihan Lokey to help grow its capital markets business in Europe — a year after it acquired the investment banking arm of Leonardo & Co in Germany, the Netherlands and Spain. Anthony Forshaw, who was most recently a managing director in Deutsche’s corporate finance group, has joined Houlihan Lokey as a managing director in London, the firm said in a statement. Scott Adelson, Houlihan’s global co-head of corporate finance, described Forshaw as the “ideal banker to lead the continued expansion of our capital markets business across Europe” in the release announcing his move.
HSBC reshuffles global DCM roles
HSBC has made a number of changes to its global debt syndicate team and FIG debt capital markets teams, according to memos seen by FN. A memo signed by the head of global syndicate Adam Bothamley noted that director Peter Riera is relocating to London from the New York office, associate director Nils Bachmann Hansen is relocating from Sydney to New York, associate director Callum de Forest is joining the DCM team in Sydney from the global markets team in the same office and director Robert Gardiner has moved from the FIG syndicate desk in Europe, the Middle East and Africa to the FIG flow DCM origination team. A second memo, signed by global head of FIG DCM Chris Hittmair points out Gardiner’s move and also notes that associate director Andrew Peacock will move from the FIG flow DCM desk for Emea to the FIG DCM origination team.
M&G hires from Pioneer Investments
M&G Investments has named Pioneer Investments’ global head of compliance Neil Donnelly as its chief compliance officer. He is due to begin his new role in February and is a trained lawyer, having been called to the Irish Bar in 1994.
Newton brings in former Goldman Sachs exec to replace Morrissey
Newton Investment Management has found a new non-executive chair to replace Helena Morrissey, who is stepping down at the end of 2016. Morrissey will be succeeded by Susan Noble, currently an independent non-executive director at the investment manager, according to a December 5 statement. Noble has spent more than two decades in investment management. Having joined Goldman Sachs Asset Management in 1997 as head of European equities and head of global equities, Noble was then named a managing director in 1999. She later went on to become a founder partner of The Pension Corporation, and was a member of its investment strategy committee. Earlier in her career, Noble was director and senior European portfolio manager of the Fleming Continental European Investment Trust, which is now the JP Morgan European Investment Trust. She had joined Robert Fleming Asset Management in 1986 as a European equities portfolio manager. A Newton board member since March 2015, Noble is currently a non-executive director of British Empire Trust
Numis adds markets pair
The firm has added Warren Todd, formerly of Winterflood Securities and JP Morgan, and Alexander Smith, formerly of Stifel Nicolaus Europe, to its market making team. Mitchinson said that although there were no areas in which the firm was planning a hiring spree, he expected to add “a few heads” in the broking and advisory unit.
Oppenheimer recruits from AllianceBernstein
Global asset manager OppenheimerFunds has appointed Doug Stewart as head of European, Middle East and Africa distribution, based in London. The appointment represents a further expansion of OppenheimerFunds’ International Distribution platform, which includes the launch of a UCITS-Fund platform. Stewart will report to Steve Paddon, head of institutional and international at OFI Global Asset Management, a subsidiary of OppenheimerFunds serving institutional investors and consultants throughout the world. Prior to joining OppenheimerFunds, Stewart spent 14 years with AllianceBernstein, most recently as managing director in the EMEA client group, responsible for client relationship management, team monitoring and expansion in Institutional markets.
Pemberton adds to portfolio management team
Independent asset management group Pemberton has hired Robin Challis from RBS, where he was a managing director in its special situations group, as a portfolio manager. Symon Drake-Brockman, managing partner of Pemberton, said in a statement that Challis’s background reflects “exactly the type of person we look to hire at Pemberton.”
Pioneer Investments suspends two bond managers
Pioneer Investments’ head of European fixed income Tanguy Le Saout and head of portfolio construction Ali Chabaane have been suspended by the firm, which has alleged they were trying to set up a rival business. Pioneer confirmed the suspensions, adding that no regulatory infringements were involved.
Schroders’ Formula One man finishes final lap
Andrew Bailey, a former executive at the McLaren Formula One team, has quit the UK fund manager Schroders, having been hired in July 2015 to help re-engineer its performance record. Bailey was asked to work with Schroders’ incumbent change management team to ferret out efficiencies. However, the two functions ended up overlapping and Bailey has now parted company with Schroders by mutual agreement.
Simpson Thacher loses antitrust expert
Well-known antitrust lawyer Kevin Arquit is to move from Simpson Thacher & Bartlett, where he was head of the firm’s competition practice, to Weil Gotshal & Manges from January. He will be co-head of the law firm’s global antitrust and competition practice alongside current practice head Steven Newborn and will be based in New York, according to a statement from Weil.
Stanchart hires Barclays lawyer as general counsel
Standard Chartered has hired regulatory lawyer Chris Allen from Barclays as its new general counsel for clients and products, starting on January 16. He will report to David Fein, group general counsel, and will be based in Singapore. At Barclays Allen was global head of legal for markets and trading, based in London and Singapore.