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You're hired! Top 20 wealth and fund moves in September

Summer may be over, but the wealth and asset management industry's quest for talent shows no sign of dimming.

Family office signs £6bn Cambridge university investment team

Cambridge University’s chief investment officer (CIO) and three investment directors resigned to join family office Talisman Global Asset Management.

Nick Cavalla, CIO of the university’s £6.2 billion endowment fund, will leave later this year to head the London family office. He will be joined by investment directors Bruce Lockwood and Conor Cassidy.

Cavalla had reportedly become increasingly frustrated at a debate on divestment from fossil fuels, believing it hindered staff in doing their ‘jobs of trying to maximise the value of their endowment’.

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Family office signs £6bn Cambridge university investment team

Cambridge University’s chief investment officer (CIO) and three investment directors resigned to join family office Talisman Global Asset Management.

Nick Cavalla, CIO of the university’s £6.2 billion endowment fund, will leave later this year to head the London family office. He will be joined by investment directors Bruce Lockwood and Conor Cassidy.

Cavalla had reportedly become increasingly frustrated at a debate on divestment from fossil fuels, believing it hindered staff in doing their ‘jobs of trying to maximise the value of their endowment’.

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Brewin Dolphin continues advice expansion with six hires

Brewin Dolphin stepped up investment in its advice business, making six appointments to bolster its financial planning presence across the country.

Ross Belford and Graeme Muir joined the company, as financial adviser and paraplanner respectively, in Edinburgh.

Mark Croft and Nitu Katoch joined Brewin’s London office as portfolio manager and financial adviser respectively, while Richard Bell joined in Penrith and Morgan McSorley in Belfast as financial planners.

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Julius Baer extends UK campaign with eight senior hires

Julius Baer International continued its UK push with eight new wealth manager hires in London and Leeds.

Seven of the recruits are based in London: Michelle White, Anthony Birkbeck, Renaud Billard, Sean Gallagher, Charlotte Thomas, Oksana Torbych and Aziza Ramos.

Louise Chesters is based in Leeds, taksed with advising high net worth individuals and families, predominantly in north Yorkshire.

 

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C Hoare hires Barclays veteran as new CEO

C Hoare & Co appointed a senior Barclays executive as its new commander

Steven Cooper, who led Barclays' personal banking and Barclaycard units, will become chief executive at C Hoare from the start of next year. 

Cooper replaces C Hoare veteran David Green (pictured), who joined the private bank almost 16 years ago and was appointed chief executive in May 2016.

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Tilney hires Brown Shipley trio for Manchester office

Tilney doubled the size of its Manchester investment management team to six with three new hires from rival Brown Shipley.

The hires include Brown Shipley Manchester client director Andrew Ramsden, alongside Ben Griffiths and Danielle Bamber.

Ramsden is a specialist in managing investment strategies for recipients of personal injury and clinical negligence settlements, while Griffiths joined Tilney as an investment director and Bamber (pictured) is joined as an associate director.

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Schroders’ global income multi-asset head departs

Schroders’ head of multi-asset global income Aymeric Forest left the business to pursue opportunities outside of the company.

Taking over his responsibilities – including the management of the $3.98 billion (£2.96 million) Global Multi-Asset Income fund – is fund manager Remi Olu-Pitan, who has been with Schroders since 2006.

Forest (pictured), who has been at the company for seven years  will officially leave the firm in the first quarter of 2019.

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Deutsche Bank WM raids Credit Suisse for senior hire

Deutsche Bank Wealth Management bolstered its London office, hiring Aditya Mishra to head its global South Asia team in the UK.

Mishra (pictured) joined from Credit Suisse Private Banking where he spent over eight years covering both the UK and India.

He will also be a managing director and report to Amrit Singh, Deutsche’s head of wealth management in global South Asia, and locally to Deutsche Bank UK boss Michael Morley.

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Stonehage Fleming hires Rathbones fund head Shah

Stonehage Fleming hired Rathbone Brothers’ head of collective research as director of investment strategy and research in London.

Reporting to the company's deputy head of investments John Veale, Mona Shah will select and review managers for multi-asset portfolios, and will sit on its investment committee.

Shah (pictured) spent 11 years at Rathbones, where she was responsible for the business’s long-only and alternatives investment process.

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Hoctor-Duncan joins Aberdeen Standard Investments as global sales head

Aberdeen Standard Investments hired former BlackRock stalwart Alex Hoctor-Duncan as global sales director and head of EMEA distribution.

Hoctor-Duncan (pictured) previously headed BlackRock’s retail EMEA business, spending 20 years at the group before leaving for a break last July.

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Ex-boss of Lord Fink's boutique lands wealth CEO role

The CEO of former Signia Wealth chief Nathalie Dauriac’s new business Hay Hill Wealth Management Nick McCall left to join platform boutique Dolfin as head of wealth management.

He brings more than 30 years’ industry experience to the business having previously headed Falcon Private Wealth and Clariden Leu, in addition to holding senior roles at Credit Suisse and Merrill Lynch.

Hay Hill founding member Michael Easton was named as the firm's interim chief executive pending regulatory approval to take on the role permanently. He previously worked at Signia Wealth, as a client director.

 

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7IM hires ex-Coutts head of investment

Seven Investment Management poached Coutts’ head of investment strategy as its chief strategist.

Terence Moll, who spent three and a half years at Coutts, was previously head of multi-asset allocation at the Universities Superannuation Scheme, one of the UK’s largest pension funds

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Sanlam wealth boss to head trade association

The Personal Finance Society (PFS) appointed Sanlam wealth chief executive John White as its president for 2018/19.

The former Wealth Manager coverstar was confirmed at the professional body's AGM following a member vote.

Prior to taking the helm at Sanlam, White (pictured) served as chief operating officer for global insurance brokerage Arthur J. Gallagher & Co, and brings over 26 years of experience in financial services to the role.

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Close lures Rathbones director as it strengthens HNW team

Close Brothers Asset Management hired an investment director from Rathbones as it grows its high net worth bespoke service.

Assuming the role of managing director, Oliver Harvey brings 19 years investment experience to the firm.

In addition to Rathbones, private client fund management specialist Harvey (pictured) previously worked at Fleming Private Asset Management, where he started his career.

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James Hambro hire reunites Quilter vets for regional push

James Hambro & Partners hired Quilter Cheviot veteran Paul Cherry to help the firm extend its reach in the North of England.

Cherry worked at Quilter for nearly 20 years as a business development director. He will start his new role in December.

The move saw him reunited with Quilter Cheviot’s former head of sales Glenn Hawksbee, who joined JH&P two years ago, and fellow alumni Paul Cadman.

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GAM's compliance boss exits after just three months

GAM’s compliance head Natalie Baylis is departing the firm for ‘personal reasons’ after only three months in the role, with former Schroders general counsel David Kemp hired as successor.

Her exit comes as the troubled Zurich-based fund firm has struggled with the aftermath of the suspension of absolute return fund range head Timothy Haywood for breaking inducement and dealing rules.

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Natixis poaches Aberdeen Standard director for new business

Natixis Investment Managers has merged its European investment divisions into single entity Dynamic Solutions, poaching a key director from Aberdeen Standard to lead the unified business.

Natixis Dynamic Solutions has been formed through the consolidation of the firm’s portfolio research and consulting group, and the investment and client solutions arm of Ostrum, Natixis IM’s asset management affiliate.

James Hughes, former global head of strategic client solutions at Aberdeen Standard Investments, will head the company, while Claire Martinetto, former project leader of the solutions initiative for Natixis IM, will be deputy head.

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Brewin hires UBS advice bigwig for new West End office

Brewin Dolphin bolstered its recently opened West End office with a key advice hire. 

Keith Sheehan joined the firm as wealth director in its Waterloo Place outlet after a seven-year stint with UBS, where he was deputy head of its financial planning team. 

The hire of Sheehan (pictured), who has a total of 20 years' experience advising high net worth clients, families and trusts, marked the first for Brewin's new office since it opened in August. 

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Claire Bennison calls time on 11-year Brooks Macdonald stint

Claire Bennison (pictured), who led Brooks Macdonald’s expansion into the North, left the firm after 11 years.

The former Wealth Manager cover star most recently served as the company’s head of services and product development. Prior to that, she was the firm’s regional director for the North, during which time she helped set up Brooks Macdonald’s York office.

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Brown Shipley appoints director in double London hire

Brown Shipley made two new hires to its London office.

Tony Conway joined from Credit Agricole as a client director, while Nish Patel joined from HSBC Private Bank as a lending specialist.

Conway has over 30 years’ industry experience and specialises in the Middle East and North Africa market. Patel's role is to work with the lending specialists team at large to provide secured and unsecured loans to both existing and new clients.

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Invesco Perpetual veterans Parks and Newman to retire

Invesco Perpetual’s veteran fund managers Stuart Parks and Dean Newman are set to retire from the industry next year.

Parks (pictured), head of Asian equities, and Newman, head of emerging markets, have handed over responsibility of their portfolios to Citywire AA-rated William Lam and Ian Hargreaves, who will jointly head up a merged Asian and emerging market equity team.

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