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You're hired! 20 top wealth and fund moves in May

All May's movers and shakers from the world of asset management

Hargreave Hale loses London office head as six staff exit

Six staff members, including director Jeremy Hargreave and London branch head Samantha Cook, left Hargreave Hale in May.

Hargreave retired after 35 years at the firm, while Cook, who joined the firm in 2010 from Charles Stanley, was made redundant in a restructure at the company.

Investment managers Gareth Evans and Dorian Peter Konig, investment adviser Paul Price, and assistant fund manager Joshua Northrop also exited the firm.

The departures follow the moves of Alex Sumner and Gareth Deacon to boutique wealth manager Blackfinch in March and April respectively.

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Hargreave Hale loses London office head as six staff exit

Six staff members, including director Jeremy Hargreave and London branch head Samantha Cook, left Hargreave Hale in May.

Hargreave retired after 35 years at the firm, while Cook, who joined the firm in 2010 from Charles Stanley, was made redundant in a restructure at the company.

Investment managers Gareth Evans and Dorian Peter Konig, investment adviser Paul Price, and assistant fund manager Joshua Northrop also exited the firm.

The departures follow the moves of Alex Sumner and Gareth Deacon to boutique wealth manager Blackfinch in March and April respectively.

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Charles Stanley research restructure leads to redundancies

Charles Stanley has restructured its research department to create a new UK equity committee, with four analysts made redundant.

The committee will be led by head of equity research Tina Cook, who has been with the firm since 2008. It will work closely with the investment strategy committee to align equity research with the firm’s investment processes.

Senior equity analysts Tony Shepard, Sam Hart, Rae Ellingham and Peter Thorne have left the company following the restructure.

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Rathbones poaches HSBC GAM’s London head

HSBC Global Asset Management’s (GAM) regional head for London, Tim Shaw, has joined Rathbone Brothers as an investment director.

A former officer in the Royal Navy, Shaw began his 16 year career in financial services in 2002 as an investment advisor at Charles Stanley.

He then moved on to Killik & Co in 2006 as a private client broker, before joining HSBC GAM in 2011, where he was most recently senior wealth manager and regional head for London.

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Cricket duo to bat for Brooks Macdonald’s Wales team

Brooks Macdonald has hired two cricketers, Andrew Davies and Will Bragg, for its Wales office.

The additions bring the number of staff at the Cardiff branch of the group, which has £11.6 billion in funds under management, to five since it opened in July 2017.

In his role as business development manager Davies (pictured) will develop and maintain relationships with intermediaries in Wales while, as a trainee investment manager, Bragg will help manage bespoke discretionary portfolios on behalf of clients.

Both new hires previously had careers in professional cricket at Glamorgan County Cricket Club, with Bragg making top order batsman.

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Quilter hires swathe of executives as it rebrands funds

Quilter Investors has made a series of senior hires to its management team as it announces a rebrand of its funds after its divorce from Old Mutual.

New chief risk officer Fiona Woodhouse, head of marketing Daniella Johnston, and head of IT Alex Risby join from Janus Henderson, Aberdeen Standard Investments, and Royal London Asset Management respectively.

Matt Leary moves from Brown Advisory as head of operations, and Maziar Alamouti will join from Agilis Investment Management as head of dealing.

Shawn Rea and Deborah Nash become head of finance and head of legal respectively, joining from Old Mutual Global Investors.

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JO Hambro loses investment director

JO Hambro Capital Management investment director Sandy Black has left the company.

The former Wealth Manager cover star (pictured right) initially joined the fund management house in 2010 from Insight Investment, where he had been head of equities. At JOHCM, he replaced outgoing director Vicky Hastings when he joined.

Black also previously served as head of the European equities team at Deutsche Asset Management.

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JPM makes sales appointments following exits

JP Morgan Asset Management made several appointments to its UK sales team following a series of recent exits, including two external hires.

James Wring has been appointed regional sales manager for South West England, having formerly been regional sales manager at Jupiter. 

Jordan Mildwater joins from Columbia Threadneedle as a sales executive and will support JPMAM’s regional intermediary sales managers.

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Aviva real estate CEO leaves as part of merger sale

Ed Casal, CEO of global real estate at Aviva Investors, will join LaSalle Investment Management.

The move comes as part of an internal merger in which Aviva will sell its £6 billion real estate multi-manager business and its stake in pan-European commercial property fund Encore+ to LaSalle as it combines several subsidaries.

Aviva Investors chief executive officer Euan Munro (pictured) said: 'Ed’s commitment in refocusing our real estate portfolio and his contribution to the executive team are recognised by me and the rest of the business.

'While I will be sad to see him go, I wish him every success in future.'

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Wealth firm appoints ex-PwC managing partner to board

Prydis has hired former PwC managing partner Stuart Wallace as a non-executive director, reuniting him with the wealth firm’s managing director Joe Priday.

Wallace (pictured) was previously chief operating officer of PwC’s Midlands tax business, and also led its UK tax compliance division through a digital overhaul during his time at the big four firm.

The 53-year old retired from PwC in December and will start at Prydis immediately. He will advise the board on business strategy, with a particular focus on client service, systems and people development.

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C Hoare promises 'millennial thinking' in generational handover

C Hoare has said the bank will inject some ‘millennial thinking’ into its strategy as it prepares for a generational handover next month, when head of philanthropy Rennie Hoare joins the board.

The 32-year-old will assume a partnership at the UK’s oldest bank in June, replacing outgoing octogenarian family members Henry Hoare, Sir David Hoare and Richard Hoare, who are retiring. All three will remain in consultancy roles.

The company has since 2016 been run by David Green (pictured) first as chief executive and latterly as managing director.

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Brewin boosts Exeter office with Charles Stanley hire

Brewin Dolphin has hired Thomas Pearson as an investment manager in its Exeter office.

Pearson began his career at Brewin as a trainee in 2012 before being promoted to assistant investment manager.

He joins from Charles Stanley, where he has worked as an investment manager since 2016.

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Charles Stanley hires Thesis and Quilter directors

Charles Stanley has hired two new investment managers to its regional network as an expansion push continues to gather momentum. 

In Guildford, former Wealth Manager coverstar Kate Nathoo (pictured) is joining the team, reuniting with her former Thesis Asset Management colleague John Devine, who moved over in February.

Elsewhere, Geoffrey Cooban has been recruited for Charles Stanley's Birmingham private client investment team from Quilter, where he spent 16 years and most recently served as an executive director. 

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Beaufort IM hires Sanlam Four co-founder as new CEO

Beaufort Investment Management has appointed the former chief executive of Sanlam Four Derrick Dunne as its new head.

The company lost its chief executive Stuart Murray last year after just two months in the role.

Dunne was one of the co-founders of Four Capital Partners, which later became Sanlam Four following its acquisition by Sanlam. He left the firm in 2016.

Simon Goldthorpe (pictured), executive chair of Beaufort Group, said: 'We are delighted to appoint someone of Derrick’s calibre and experience.

'Beaufort Investment has grown its funds under management significantly and now has approaching £1 billion in funds under management.'

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Investec AM poaches Aberdeen Standard fund director

Investec Asset Management has poached a portfolio manager from Aberdeen Standard Investments (ASI) as it grows its 32-strong multi-asset team.

Imran Ahmad joined after an 18 month stretch at ASI, where he was a director in its emerging market debt (EMD) team and managed its EMD Unconstrained fund, as well as heading EM FX overlays.

Before that, he was fund manager at JP Morgan AM. He trained at MIT, where he was a research assistant, and holds an masters in technology policy from the University of Cambridge.

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Wells Fargo AM hires three more Schroders multi-asset alumni

Wells Fargo Asset Management has raided Schroders multi-asset team once again with a triple hire. 

The latest round of hires includes Eddie Cheng, who joins as international portfolio management head within the multi-asset solutions team to focus on managing absolute return and alternative risk premia strategies.

Chenfei Ma and Stephane Renevier, an investment analyst and portfolio manager, are following Cheng from Schroders. The trio will be based in London.

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Artemis hires Berens to head distribution as Turpin retires

Artemis Investment Management has appointed Jasper Berens to take the reins from Dick Turpin as head of distribution. 

Turpin, who is set to retire at the end of the year, has been responsible for sales and distribution at Artemis since 2002 and will remain in charge until Berens takes over in October.

Berens (pictured) has for the last 20 years worked for JP Morgan Asset Management, most recently as country head of the UK. He left the business in March.

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Majedie reunites BlackRock duo

Majedie Asset Management has reunited Mark Wharrier and Imran Sattar, hiring the pair of fund managers for its UK equities team.

Sattar joins directly from BlackRock to manage the Majedie UK Focus fund, alongside existing managers James de Uphaugh, Chris Field and Matthew Smith, and will oversee a 25% share of assets, contributing 10 to 15 best ideas to the overall portfolio.

Wharrier (pictured), who left BlackRock last year to join Troy Asset Management to help co-manage the £3.5 billion Trojan Income fund, will be lead manager on the Majedie UK Income fund, alongside existing manager Yuri Khodjamirian.

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BlackRock’s £6bn Euro equity manager steps down

BlackRock’s Alice Gaskell is leaving the firm to take a career break, with her co-manager Andreas Zollinger taking on sole responsibility for their European equity funds.

In a staff memo, BlackRock said Gaskell (pictured) will be stepping down to spend some time with her family. She has been with the company for 24 years.

Gaskell, who was most recently rated by Citywire in March, achieving a + rating, co-runs three funds with Zoellinger, covering European equity income, European equity and Europe ex-UK.

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Sanlam boosts London office with wealth hire

Sanlam UK has bolstered its London team with the hire of Daniel Szabo as a portfolio manager.

Szabo, who has 17 years’ experience in the industry, joins from Oxford Capital, where he specialised in working with high net worth clients. He will report into London office head Stuart McCann.

Head of portfolio management Charlie Parker (pictured) said: 'Daniel’s experience of working with high net worth individuals and his client-centric approach will mean he is a key addition to the team.’

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Tilney creates head of talent role

Tilney has hired Catherine Davies to the newly created role of head of talent.

Based in the company’s Mayfair office and reporting to Gaynor Gillespie, the group’s HR director, Davies (pictured) will help the firm attract, assess, recruit, induct and develop current and future staff.

Davies began her career as a branch manager for Abbey National, before later taking up a post in recruitment consultancy and becoming HR director of an SME.

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