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You're hired! the top 25 fund management moves of 2017

The battle for fund talent was as fierce as it ever was this year.

The battle for fund management talent was as fierce as it ever was this year, and your interest in who was up and who down no less keen.

Here in ascending order are the most heavily read sector hires of 2017.  

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The battle for fund management talent was as fierce as it ever was this year, and your interest in who was up and who down no less keen.

Here in ascending order are the most heavily read sector hires of 2017.  

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Ex-Henderson manager joins cryptocurrency firm as CEO

Former Citywire A-rated manager Bill Stormont last month joined a cryptocurrency investment firm as chief executive officer.

Stormont left Henderson – now Janus Henderson – in 2013 after several years working alongside veteran investor Tim Stevenson.

Stormont said: 'I initially began looking at the opportunity in bitcoin and block chain technology as one would any asset class.

'The more I learned, the more I became interested in the potential disruptive impact of both and began looking for ways to become more involved in the sector.'

 

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Ex-Schroders equity chief Virginie Maisonneuve joins Asian firm

Eastspring Investments hired Virginie Maisonneuve, the former head of equities at Pimco and Schroders, to serve as its new chief investment officer.

Eastspring said the addition of Maisonneuve fits with the firm’s ambition to add to its investment capabilities. She will report to Guy Strapp, chief executive officer.

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Ex-BNY Mellon AM boss Little joins Old Mutual Wealth board

Old Mutual Wealth has appointed Jon Little to its board of directors as an independent non-executive director in May, to help develop Old Mutual Global Investors and Quilter Cheviot.

The former BNY Mellon Asset Management boss is the sixth director to be appointed to the board since Glyn Jones became chairman in September 2016.

Little (pictured) is currently a partner at Northill Capital, the firm he founded in 2010.

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Nick Samouilhan to join T Rowe Price after Aviva exit

Nick Samouilhan (pictured) joined T Rowe Price's EMEA multi-asset solutions team last month.

He will be working as a solutions strategist at the company following his departure from Aviva Investors.

Samouilhan has spent seven years with Aviva. During with time, he co-managed the firm's £2.4 billion Multi Strategy Target Income fund. Prior to Aviva, he started his career at Investec Asset Management.

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Ex-OMGI income star Message joins Legal & General IM

Stephen Message, formerly equity income fund manager at Old Mutual Global Investors, joined Legal & General global income team in August

His appointment follows the exit of Adrian Darley, who was responsible for LGIM's UK equity income mandates. According to the FCA register, Darley left the company at the start of the year and was responsible for the UK equity income mandates at the group. 

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Ex-FCA chief joins hedge fund

Former Financial Conduct Authority (FCA) chief executive Martin Wheatley (pictured) took up an advisory role at a hedge fund in Hong Kong in May

Wheatley, who was the FCA’s first chief executive when it formed in 2013, left the regulator two years ago.

 

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Kames’ bond duo Roberts and Milburn join Liontrust

Kames Capital’s ex-head of fixed income David Roberts (pictured) and high yield specialist Phil Milburn joined Liontrust in August.

The news came shortly after departure of the pair from the Edinburgh-based firm. They will launch a Strategic Bond, High Yield Bond and Absolute Return Bond funds for Kames early next year.

 

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Former M&G star manager joins St Albans wealth firm

Mike Felton, former manager of the M&G UK Select fund joined St Albans-based IFA Lumin Wealth in April

Felton spent 11 years with M&G Investments and became one of the UK's most respected fund managers. He was rated by Citywire for 63 of the 68 months he had been eligible, a 93% coverage rate, until his career was disrupted by a battle with leukaemia in 2008. He eventually left M&G Investments in October 2016. 

He is currently working three mornings a week as chief investment officer of the rapidly growing IFA firm. 

Felton said: 'I chose Lumin because the role sounded fantastically interesting and involved doing the stuff I have always enjoyed, looking at the macro and strategic environment in global markets.'

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Marriage recruits Schroders' equity veteran for boutique

Citywire A-rated Paul Marriage (pictured) and co-manager John Warren recruited Schroders’ equity trading specialist Stephen Nash in October, as they launched their boutique firm Tellworth Investments.

The business launched with the £385 million in client assets contained within the Schroders UK Dynamic Absolute Return fund, which transferred with them following their departure.

Nash, who will serve as head of trading and who has more than 20 years of experience managing small and mid caps for fund houses, joins as one of a three-strong team of support staff at launch.

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SLI bolsters multi-asset team with senior hire

Standard Life Investments bolstered its multi-asset team with the appointment in May of Mathias Marta as a quantitative investment director.

Marta (pictured) was previously a senior portfolio manager at State Street Global Investors, where he worked for 11 years after joining from Axa Investment Managers in 2016, and had responsibility for liability driven investment (LDI) strategies.

Based at the Standard Life Investments (SLI) London office, Marta will be responsible for developing SLI’s pooled and segregated pension fund solutions.

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Architas makes double hire as UK funds head departs

Architas in September promoted Sarah Ackland to head of UK funds and poached Frank Potaczek from Defaqto to replace her as head of UK services.

Ackland will take responsibility for all commercial aspects of the UK business including distribution, marketing, proposition and business development.

She replaces Cedric Bucher (pictured), who is leaving to take up a role in the institutional pensions sector.

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JPMAM hires HSBC veteran to replace Flanders

JP Morgan Asset Management (JPMAM) appointed Karen Ward (pictured) as chief market strategist for Europe and the UK in September.

Ward replaces Stephanie Flanders, former BBC economics editor, who left the role in June to lead a team of journalists and researchers for Bloomberg Economics.

Ward is chair of the Council of Economic Advisers for the Chancellor of the Exchequer, advising on macroeconomic issues such as fiscal strategy and Brexit.

Previously she served as chief European economist at HSBC Global Banking and Markets.

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GAM hires Henderson equity head Beesley

GAM hired Henderson’s Matthew Beesley in February to step up its equity capability.

Beesley, who was head of global equities at Henderson, will take up the newly-created role of head of equities next month. 

A Henderson spokesperson stated that due to the ongoing merger with Janus Capital Group there was 'no role in the new organisation' for Beesley.  

Alex Crooke (pictured), Henderson's head of global equity income, has been given management responsibilities over Beesley's team.

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RWC recruits new chief financial officer

RWC Partners hired Cressida Williams from PwC as its new chief financial officer in January.

In her new role,Williams will report directly to RWC chief executive Dan Mannix (pictured). She will also take a place on RWC’s board.

Williams spent nine years at PwC, during which time she held positions including chief operating officer for the business’ insurance, investment management assurance division, and financial controller of PwC UK.

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SLI multi-asset manager joins forces with Tony Yarrow

Citywire A-rated Tony Yarrow (pictured) was joined as co-manager of the Wise Income and Wise Investment funds by incoming investment director Vincent Ropers in April.

Ropers will join the business next month from Standard Life Investments, where he was a member of its multi-asset and tactical asset allocation teams and helped run its Absolute Return Government Bond fund.

Ropers joined the business following its 2014 acquisition of Ignis, where he was part of subsidiary boutique Maia. He has previously worked at Fidelity and Goldman Sachs.

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Premier hires Schroders man as flagship income co-manager

Premier Asset Management hired former Schroders fund manager Geoff Kirk as co-manager of the Premier Optimum Income fund in March.

Kirk will join the company in July and run the fund alongside head of UK equities Chris White. The fund's previous manager, Chris Wright (pictured) will continue to run the firm's Ethical fund.

Kirk was previously part of the structured fund management team at Schroders which oversaw its Income Maximiser range. He spent over 10 years at Schroders, specialising in OTC single stock option trading, execution and counterparty management on enhanced income funds.

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Helena Morrissey joins LGIM

Legal & General Investment Management (LGIM) appointed Helena Morrissey as head of personal investing for its UK direct business in January.

The newly created role reflects LGIM’s commitment to developing its business offering of savings and investments direct to customers.

The firm said technology and changing consumer behaviour are transforming the savings industry, and the firm hopes Morrissey's (pictured) appointment will help LGIM to address these trends.

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George Osborne to join BlackRock

Former chancellor George Osborne revealed in January that he would take a role at BlackRock.

The decision preceeded his March appointment as editor of London freesheet the Evening Standard.

Since being replaced at 11 Downing Street, Osborne has been carrying out more work in the corporate world, carving out a lucrative career on the speaking circuit.

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Royal London hires Waverton global equities trio

Royal London Asset Management in January hired a global equities team from Waverton Investment Management. 

Peter Rutter (pictured), who was head of global equities at Waverton, will lead the new team, reporting into Royal London’s chief investment officer Piers Hillier.

Rutter's colleagues, James Clarke and William Kenney also made the switch, becoming senior fund managers.

At Waverton the trio managed the Global Equity fund. The company has not yet named replacements on who will take over the management. 

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Fund boutique hires ex-RWC duo to reunite team

Fund boutique CdR Capital has hired two investment specialists from RWC in a move that will reunite a specialist risk premia team that previously worked together at Fulcrum, beneath boss Andrew Stevens (pictured).

The company has recuited Athanasios Bolmatis and Stamatis Leontsinis from RWC. Bolmatis and Leontsinis will work alongside their former colleague James Horrocks, who had been a partner and head of trading at Fulcrum and carries out a similar role at CdR.

At RWC Bolmatis was a partner and head of quantitative strategies and Leontsinis was a volatility and derivatives specialist.

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RWC hires Stonehage Fleming investment boss

RWC Partners features again with the hire of Stonehage Fleming’s chief investment officer (CIO) in March for the newly created role of head of investment strategy.

In this new role Arthur Grigoryants will concentrate his efforts on a wide range of investment, strategic and management issues.

Grigoryants spent 12 of his 22 years in the finance industry with Stonehage Fleming as its head of investments and latterly joint CIO. 

Prior to this he had a three-year spell at Mercer as a consultant. He has also worked in central banking, investment consulting and asset management.

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Old Mutual Wealth recruited former Friends Life chief financial officer Tim Tookey (CFO) in April for its leadership team to manage the separation from its parent. 

Tookey currently a non-executive director of OMW, joined the firm as CFO, reporting to chief executive Paul Feeney (pictured). 

Tookey has 20 years' experience at board level, where he has been responsible for managing a large number of significant business transformation and strategic projects, capital markets activity and other corporate actions. 

Alongside a three-year stint at Friends Life starting in 2012, he has served as finance director at Lloyds and Prudential. 

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Woodford boosts team with senior Invesco hire

Woodford Investment Management hired Tessa Thomson as head of third party relationships in March. 

Thomson joined from Invesco Perpetual where she has worked since 1990, most recently as head of distribution operations. 

In her new role, Thomson will be responsible for managing the company's third party relationships, including with the board of Woodford Patient Capital, non-executive directors and partners Capita, Northern Trust and Deloitte.

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Polar Capital hires ex-JOHCM boss as CEO

Polar Capital appointed former JO Hambro Capital Management (JOHCM) boss Gavin Rochussen as chief executive in January.

He replaced Tim Woolley, who remains as a non-executive.

Rochussen (pictured) led JOHCM between 2008 and 2016, in which time its assets under management rose from £1.5 billion to £23.9 billion, before it was acquired by Australian group, BT Investment Management.

Prior to that he was CEO of Fleming Family Partners.

 

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The story which excited the most interest this year was Aviva's addition of a former Standard Life multi-asset veteran to its ranks in a double a hire. 

Ian MacCormick joined Aviva's multi-asset team in September as an implementation manager, after a 16-year spell at Standard Life Investments (SLI).

This included 12 years experience in dealing, where he focused on derivatives across multiple asset classes. He has been on sabbatical since leaving the firm in September 2016. 

His role at Aviva Investors will include responsibility for trade execution in accordance with the investment objectives set out by fund managers in their strategies.

Meanwhile Harriet Reeves joins from Comac Capital, where she served as an analyst responsible for fundamental economic analysis. Prior to this, she was a research analyst at Nomura.

Reeves joins Aviva Investors investment strategy team as multi-asset strategist.

The double hire follows the recent appointment of Sunil Khrishnan as head of multi-asset funds. 

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