People Moves Archives | Portfolio Adviser https://portfolio-adviser.com/news/people-moves/ Investment news for UK wealth managers Wed, 22 Jan 2025 12:29:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://portfolio-adviser.com/wp-content/uploads/2023/06/cropped-pa-fav-32x32.png People Moves Archives | Portfolio Adviser https://portfolio-adviser.com/news/people-moves/ 32 32 AVI Japan Opportunity board member resigns https://portfolio-adviser.com/avi-japan-opportunity-board-member-resigns/ https://portfolio-adviser.com/avi-japan-opportunity-board-member-resigns/#respond Wed, 22 Jan 2025 12:09:11 +0000 https://portfolio-adviser.com/?p=313191 AVI Japan Opportunity non-executive director Ekaterina Thomson resigned from the board yesterday (21 January) with immediate effect.

Thomson has been on the board since the company launched in 2018, and served as chair of the audit committee. This position will be taken on by Margaret Stephens, and the trust said the search for a new non-executive director is “at an advanced stage”.

See also: Japanese small caps: Too many cooks

“The board would like to express its gratitude to Katya [Thomson] for her invaluable contributions to the company since its launch in October 2018. Her guidance as chair of the Audit Committee has been greatly appreciated.  We extend our best wishes to her for the future,” the board stated in a stock exchange announcement.

See also: PA Live Slicing The Regional Pie

AVI Japan Opportunity is currently trading at a 3.4% discount to NAV, and has a share price total return of 31.4% over the last year, compared to a sector average 9.1%, according to the AIC. Over the past three years, it has returned 41% while the sector has lost 8%.

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RBC’s Justin Jewell resurfaces at Ninety One https://portfolio-adviser.com/rbcs-justin-jewell-resurfaces-at-ninety-one/ https://portfolio-adviser.com/rbcs-justin-jewell-resurfaces-at-ninety-one/#respond Tue, 21 Jan 2025 10:45:09 +0000 https://portfolio-adviser.com/?p=313167 Justin Jewell has taken a role as global investment manager at Ninety One after leaving RBC BlueBay last August.

Jewell spent 15 years with RBC BlueBay, where he began as head of high yield trading before becoming a portfolio manager and later a partner of the firm. His career included oversight of a team of 30 and $18bn (£14.7bn) in assets across high yield, leveraged loan, CLOs and multi asset credit.

See also: PA Live A World Of Higher Inflation 2025

In his new position, Jewell be part of the developed markets specialist credit team, and partner with Darpan Harar on Multi Asset Credit and Global Total Return Credit. The team will work to expand the firm’s developed market specialist credit platform.

Mimi Ferrini, co-chief investment officer at Ninety One, said: “Justin brings with him extensive experience, leadership, expertise, and an outstanding track record.  He will play a crucial role in the development and expansion of our developed markets specialist credit platform while delivering long-term value to our clients.

“Ninety One’s credit offering is differentiated through its global and unconstrained universe and its highly dynamic investment approach. We are committed to helping investors capture the full diversification benefits and defensive portfolio properties that global credit markets have to offer.”

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AllianzGI UK wholesale head joins Artemis https://portfolio-adviser.com/allianzgi-uk-wholesale-head-joins-artemis/ https://portfolio-adviser.com/allianzgi-uk-wholesale-head-joins-artemis/#respond Tue, 21 Jan 2025 10:42:46 +0000 https://portfolio-adviser.com/?p=313168 Former Allianz Global Investors head of UK wholesale Matthew Couzens (pictured) has joined Artemis as sales director for London.

He spent nine years at Allianz and has previously held sales roles at Canada Life Investments and Russell Investments.

PA Live: A world of higher inflation

Artemis has also appointed Joe Wallace and Freddie Morrissey as sales support executives, who join from Janus Henderson and Muzinich, respectively. All three will be based in Artemis’s London office.

Couzens said: “[Artemis] has a very strong range of distinctive, actively managed funds in core areas for many clients.

“Concentration risk is a key concern of many investors, so we’re seeing a trend of mitigating that risk with active strategies that have proven themselves through various market cycles.”

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AllianceBernstein hires UK retail distribution head from Goldman Sachs https://portfolio-adviser.com/alliancebernstein-hires-uk-retail-distribution-head-from-goldman-sachs/ https://portfolio-adviser.com/alliancebernstein-hires-uk-retail-distribution-head-from-goldman-sachs/#respond Tue, 21 Jan 2025 08:03:25 +0000 https://portfolio-adviser.com/?p=313164 AllianceBernstein has appointed Adam Peters as the firm’s head of UK retail distribution.

He joins from Goldman Sachs Asset Management after 12 years, where he was most recently head of UK wealth distribution.

In the new role, Peters will focus on developing relationships with UK wealth managers and advisers.

Honor Solomon, CEO of EMEA at AllianceBernstein, said: “The UK continues to be one of the cornerstone markets in EMEA with a sophisticated client base with a growing interest across a wide range of products and solutions.

“In the current market environment, investors expect advice based on real investment expertise and broad-based knowledge. With Adam we have found an expert who has the right technical understanding as well as a consistent focus on distribution. I am delighted to welcome him to the team.”

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Rathbones hires new director of strategic projects https://portfolio-adviser.com/rathbones-hires-new-director-of-strategic-projects/ https://portfolio-adviser.com/rathbones-hires-new-director-of-strategic-projects/#respond Mon, 20 Jan 2025 10:17:04 +0000 https://portfolio-adviser.com/?p=313157 Sarah Odds has been appointed as Rathbone Asset Management’s director of strategic projects, where she will head up the firm’s commercial schemes.

The group’s chief executive Tom Carroll said Odds would be “an instrumental part of shaping and delivering [Rathbone’s] growth strategy, focusing on diversifying and expanding our fund range”.

See also: PA Live Slicing The Regional Pie 2025

Odds joins following a two-year stint as head of client services at Atlas Infrastructure Partners.

Prior to this she worked at larger firms such as Jupiter Asset Management, where Odds spent five years firstly as senior product development manager and latterly as head of UK client services.

See also: Brooks Macdonald and Rathbones make distribution hires

Carroll highlighted Odds’ “extensive expertise in evolving the client propositions for asset managers of all sizes” as a key factor in her appointment.

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Stuart Parkinson becomes Stonehage Fleming CEO https://portfolio-adviser.com/stuart-parkinson-becomes-stonehage-fleming-ceo/ https://portfolio-adviser.com/stuart-parkinson-becomes-stonehage-fleming-ceo/#respond Mon, 20 Jan 2025 10:15:05 +0000 https://portfolio-adviser.com/?p=313156 Stonehage Fleming has chosen Stuart Parkinson as its group CEO, who joins from Lombard Odier International Group.

Parkinson has been with Lombard International Group since April 2020 as group CEO, and previously spent near three decades with HSBC. He joined as an international manager in 1993 and worked his way to global chief investment officer by 2014, with roles across the globe including Hong Kong, Thailand, Dubai, Mexico City, Taiwan and New York.

See also: Edinburgh Worldwide releases full-year results ahead of Saba vote

In his role for Stonehage Fleming, which went into effect 20 January, Parkinson will be based out of London.

Giuseppe Ciucci, executive chairman of Stonehage Fleming, said: “Stuart is a highly experienced global financial services leader and we are proud to welcome him as CEO of Stonehage Fleming. His track record, including deep expertise in growing international businesses, building and managing diverse teams and bringing resources together across multiple geographies, clearly demonstrates that he possesses the skills and ideas to help our business continue to thrive.

See also: PA Live A World Of Higher Inflation 2025

“We have worked hard to develop a highly differentiated position serving the needs of successful families and wealth creators; Stuart’s fresh ideas and perspective, alongside an excellent understanding of this client group, will complement the proven capabilities of our current team.”

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AXA CEO leaves for new role at M&G https://portfolio-adviser.com/axa-ceo-leaves-for-new-role-at-mg/ https://portfolio-adviser.com/axa-ceo-leaves-for-new-role-at-mg/#respond Mon, 20 Jan 2025 08:09:04 +0000 https://portfolio-adviser.com/?p=313154 The CEO of AXA Investment Managers UK and AXA IM GS, Marcello Arona, has departed the firm to become M&G Investment’s new chief financial officer.

Arona had worked at AXA in various roles since 2005 until becoming its CEO in April 2021. After almost four years at the helm, he now sets his sights on M&G after the retirement of former CFO, Sean Fitzgerald.

Joseph Pinto, chief executive officer of M&G Investments, said: “Marcello has a proven track record of growing and expanding asset management businesses globally.

“I look forward to working with him to drive our growth mission and to deliver exceptional financial outcomes for our clients and customers.”

Prior to his CEO role, Arona spent eight years as chief operation officer of AXA Investment Managers in Italy and another eight years as head of AXA Investment Managers and regional chief financial officer in the US.

M&G’s chief financial officer Kathryn McLeland, added: “He brings a wealth of experience to M&G having spent the majority of his career at the highest levels across the globe within the sector.”

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Quilter Investors hires senior manager research analyst https://portfolio-adviser.com/quilter-investors-hires-senior-manager-research-analyst/ https://portfolio-adviser.com/quilter-investors-hires-senior-manager-research-analyst/#respond Thu, 16 Jan 2025 15:04:38 +0000 https://portfolio-adviser.com/?p=313146 Quilter Investors has appointed Fidelity International’s Sophie Outhwaite as senior manager research analyst, focusing on Europe and UK equities.

Outhwaite was head of investment research solutions at Fidelity International, where she advanced research capability and data visualisation for fixed income and equities. Previously, she spent 12 years with Whitley Asset Management and Stanhope Capital in wealth management.

In her new role, Outhwaite will report to Kristian Cassar, head of manager research at Quilter Investors.

“We are thrilled to welcome Sophie to the team. Her extensive experience and proven track record in both equities and responsible investment will be invaluable as we continue to enhance our research capabilities and deliver the best outcomes for our clients,” Cassar said.

See also: Quilter reports 50% uptick in year-on-year net flows for Q3

Outhwaite added: “I am excited to join Quilter Investors and contribute to the firm’s commitment to excellence in investment research. I look forward to working with the talented team here and leveraging my experience to drive further advancements in our research processes.”

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Sheridan Admans becomes TILLIT CIO https://portfolio-adviser.com/sheridan-admans-becomes-tillit-cio/ https://portfolio-adviser.com/sheridan-admans-becomes-tillit-cio/#respond Thu, 16 Jan 2025 10:11:58 +0000 https://portfolio-adviser.com/?p=313130 TILLIT has promoted head of fund selection Sheridan Admans to CIO after near three years with the company.

Before joining TILLIT in 2022, Admans spent 15 years at the Share Centre, where he became investment manager. He also spent three years at the Investment Association as a member of the IA Sectors Committee.

Felicia Hjertman, TILLIT founder & CEO, said: “Sheridan has done an outstanding job of curating the TILLIT Universe to offer best-in-class investment opportunities to our customers. As we expand our reach in pensions and continue to partner with employers who want to offer their employees the very best pension solution, the range and quality of investments we offer becomes even more important.

“As chief investment officer, Sheridan will take the strategic lead on how we can continue to offer our customers access to the best investment solutions for their needs.”

TILLIT is a platform that presents customers with a selective list of funds, investment trusts and ETFS. The universe now includes over 100 funds, adding ARGA Global Equity fund, Polar Capital Biotechnology, Pzena US Large Cap Value, Rockwood Strategic and the Royal London Sustainable World trust in December.

See also: Brown Advisory names co-CEO as part of leadership restructure

“Having been part of TILLIT for almost three years I have seen firsthand the incredible dedication and innovation that drives our business, and it is with great pride I step into the role of chief investment officer,” Admans said.

“I look forward to building on our strong foundation and working closely with our talented colleagues across our firm to achieve our mission to empower and inspire more people to make better investment decisions with their long-term savings.”

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Brown Advisory names co-CEO as part of leadership restructure https://portfolio-adviser.com/brown-advisory-names-co-ceo-as-part-of-leadership-restructure/ https://portfolio-adviser.com/brown-advisory-names-co-ceo-as-part-of-leadership-restructure/#respond Wed, 15 Jan 2025 07:02:20 +0000 https://portfolio-adviser.com/?p=313101 Brown Advisory has revamped its leadership structure, by splitting the CEO role into two.

Mike Hankin (pictured, right), who has served as sole CEO and president since 1998, will be joined as co-CEO by current global sales head Logie Fitzwilliams (pictured, left).

Fitzwilliams joined the firm in 2003 and also head the firm’s international business.

See also: Home REIT publishes overdue 2023 results as board steps down

The Baltimore-headquartered boutique said the move comes as a ‘natural next step’ as the firm continues to build out its client base internationally.

Brown Advisory serves private clients and institutions in over 50 countries from 18 offices globally and is responsible for approximately US$170bn in assets for private and institutional clients and charities, as of December 31, 2024.

As a result of the changes, Quintin Ings-Chambers will take over Fitzwilliams’ role as head of the international business. He joined Brown Advisory in 2012 as head of the firm’s international private client and charity business, having previously served as an investment director at SG Hambros.

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Aviva Investors names head of EMEA institutional client relations https://portfolio-adviser.com/aviva-investors-names-head-of-emea-institutional-client-relations/ https://portfolio-adviser.com/aviva-investors-names-head-of-emea-institutional-client-relations/#respond Mon, 13 Jan 2025 09:54:55 +0000 https://portfolio-adviser.com/?p=313074 Aviva Investors has selected Heather Brown, who was previous lead of the UK institutional sales team, as its head of EMEA institutional client relationship management.

Brown brings three decades of experience to the role, and has been with Aviva Investors since 2018. She spent 20 years of her career with Lane Clark & Peacock LL before working at Pictet. She is also a trustee director for Aviva Staff Trustee Pension Limited from 2021 until 2023.

Her new role will focus on strengthening relationships with Aviva’ Investors’ existing clients, as the company puts a focus on offering private market strategies for institutional investors through a series of LTAFs. A process to select a new head of UK institutional sales is underway, Aviva said.

See also: Alex Game appointed to Liontrust UK equity funds as Julian Fosh retires

Steven Gardner, head of institutional for EMEA at Aviva Investors, said: “Client service and relationship management is vital in understanding how we can help institutional investors navigate market challenges and support them in reaching their long-term investment objectives. We view it as critically important component of Aviva Investors’ overall offering, and fundamental to our future success.

“I am therefore thrilled to have Heather lead our efforts in this regard with her deep understanding of the needs of institutional clients and their advisors making her the stand-out candidate for the role, as we continue to prioritise servicing for our existing clients whilst strengthening our Distribution capabilities and supporting our growth objectives.”

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P1 Investment Services makes client services hire https://portfolio-adviser.com/p1-investment-services-makes-client-services-hire/ https://portfolio-adviser.com/p1-investment-services-makes-client-services-hire/#respond Mon, 13 Jan 2025 07:47:18 +0000 https://portfolio-adviser.com/?p=313065 P1 Investment Services has appointed Michelle Angell as senior client services and operations manager.

At P1, she will lead the development of the firm’s client servicing team.

With 20 years experience, Angell previously held management and leadership roles at Atomos Wealth, Seccl, Abrdn, Winterflood Business Services, and Barclays Wealth.

See also: Kieran Follis launches boutique investment firm with P1 Investment Services

James Priday, CEO of P1 Investment Services, said: “Assets, revenue and the number of advice firms we support grew by 100% over the past 12-months, and we remain committed to maintaining the highest service standards for our users.

“We know innovative technology is just one part of the equation when it comes to building a great product, with high service levels being the other.

“Michelle’s appointment reflects this commitment and our focus on investing in people who understand the unique needs of our adviser clients. Michelle’s insight and experience will ensure we remain not just a platform provider and investment manager, but a trusted partner to firms of all sizes.”

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