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You're hired: 22 eye-catching moves from last month
on May 07, 2014 at 12:46
April was a bumper one for hires and exits in the wealth and fund industry. We pick out some of the standouts.
HSBC PB hires Barclays discretionary boss as UK wealth head
HSBC Private Bank Investment Group hired Barclays' discretionary head Oliver Gregson as its new UK investment wealth boss, where he will focus on implementing HSBC's wealth strategy across the UK and Channel Islands.
Woodford hires first analyst for new venture
Woodford Investment Management, launched in February by Citywire A rated fund manager Neil Woodford (pictured), hired Bank of America Merrill Lynch director Russell Harrop, who was director of global equity sales.
Rathbones bolsters Edinburgh office with Barclays hire
Euan MacDonald has joined Rathbone Investment Management in Edinburgh from Barclays Wealth & Investment.
This follows the promotion of Sally Tait in February to further strengthen Rathbones' Edinburgh office.
Stanhope plans Channel Islands growth with double hire
Stanhope Capital is eyeing growth opportunities in the Channel Islands through the appointments of David Nolan and Jonathan Overland, both of whom are already directors of Stanhope Capital’s holding company and will now expand their roles.
Stanhope chief executive and co-founder Daniel Pinto is pictured.
Aviva hires Friends Life CIO for new investment role in Munro's team
Aviva Investors has appointed Friends Life Investments chief investment officer Mark Versey to the newly created role of director of client solutions.
He will be a key figure in delivering the vision of new Aviva Investors chief executive Euan Munro, who himself joined the firm from Standard Life Investments at the start of this year.
Henderson hires ex-Thames River partner as EM debt head
Henderson Global Investors named former F&C Investments manager and Thames River Capital partner Steve Drew as head of emerging market credit, who resigned from London-based F&C, the parent company of Thames River Capital, at the end of 2012.
BlackRock hires HSBC EM bond research head
HSBC's Pablo Goldberg has joined BlackRock to grow its emerging market fixed income business in the US, where he will be developing investment strategy and engaging with US clients.
GLG strengthens bond team with ECM hire
Brewin Dolphin sees double senior departure
Brewin Dolphin divisional director David Clinkard and the firm’s head of change management and former board member John Beeston are departing the firm, where the latter will be moving to Fidelity, where he will take on a senior operational role.
Pictured is Brewin Dolphin chief executive David Nicol.
Swip four exit as Aberdeen restructures investment division
Swip chief executive Dean Buckley, real estate director Lynda Shillaw, fixed income director Mark Connolly, and global equity director Will Low have all left the business, while Archie Struthers will lead the now separated Solutions team within Aberdeen (whose chief executive, Martin Gilbert, is pictured above).
Sean Phayre, ex-director of quantitative investments at Swip, will lead a new Quantitative Investments unit.
Former Brewin Dolphin director resurfaces at Rathbones
L&G fixed income star Dickie Hodges quits
High profile L&G manager Dickie Hodges has quit the group after seven years.
His Dynamic Bond Trust will be taken on by L&G senior fixed income manager Martin Reeves, while the UK institutional credit team, led by Robert Barnard-Smith, will take over Fixed Interest, Managed Monthly Income and Sterling Income funds, which Rogers was running on an interim basis following the exit of Michael Canoy at Christmas
Ruffer founder steps down
Ruffer co-founder Jane Tufnell (pictured) is to retire from the wealth firm, which she founded in 1994 alongside Jonathan Ruffer and Earl Ferrers. She will leave at the end of June.
HSBC private banker quits to launch family office
Hossam Alsaady has left his role as head of the Middle East and North Africa at HSBC Private Bank in the UK to open his own wealth management boutique, Godolphin Wealth Advisors.
Towry chief Fisher to be replaced by Prudential UK head
Towry chief Andrew Fisher (pictured) is to leave the firm, with Prudential UK head Rob Devey taking over his role.
Ashcourt Rowan research head Scrimger exits; recruits area director from RBS
Ashcourt Rowan fund selection head Alan Scrimger (pictured) has left to join IPS Capital, where he will take on the role of head of portfolio construction.
Earlier in the month Ashcourt Rowan named John Spink as area director for its financial planning arm. He was previously regional director for London at the Royal Bank of Scotland.
Coutts director Simon Clark exits
Coutts investment director Simon Clark has resigned from the private bank. He had worked as an investment director in Coutts’ tailored portfolio services team and had been at the firm since 2011.
Schroders names new head of global equities
Alex Tedder has been recruited by Schroders as its new head of global equities from American Century Investments, where he was previously co-head of global and non-US large cap strategies.
Pimco’s London head becomes latest senior executive to leave
Joseph McDevitt, the Pimco managing director who leads its London office, become the latest senior executive to leave the firm. Bill Benz, Pimco’s head of Europe, the Middle East and Africa, will be taking on McDevitt’s responsibilities for the UK as well as for Benelux and Nordics.
Managing directors Charles Lahr and Marc Seidner, who served as interim head of equities, have also left Pimco so far this year.
Pimco was rocked at the start of the year by the sudden resignation of chief executive Mohamed El-Erian (pictured)
Bob Smoker steps down from Brown Shipley after nearly 40 years
Brown Shipley's executive director, Bob Smoker, is leaving after 37 years at the firm. His role will now be overseen by former Sanlam CEO Hugh Titcomb, who heads the group's private banking division.
Aberdeen's Spencer reunited with Burdett & Potter at F&C
F&C Investments has hired Aberdeen Asset Management's Scott Spencer (pictured) for its multi-manager team, headed by Rob Burdett and Gary Potter. The two previously recruited Spencer for the multi-manager division they founded at Credit Suisse Asset Management back in 2004.
Turcan Connell investment manager Duncan Blyth departs
Duncan Blyth, investment director at Turcan Connell Asset Management (TCAM), has left the firm.
It is understood he is taking some time out of the industry, and the rest of the investment management team will absorb his responsibilities.
Pictured is former executive director Bob Hair, who left TCAM to join PricewaterhouseCoopers (PwC) in 2013.