A round-up of the latest positions for those in finance, covering investment markets worldwide
Phillips and Drew has appointed Matthew Stemp as chief investment officer to replace Robin Apps, who is leaving now the integration of the firm's investment process with UBS Brinson is complete.
Apps is leaving to join Michael Dobson's new firm Beaumont Capital Management, where he will manage European, Asian and US equities. This will be a return to a hands-on role for Apps, who has spent the last 18 months away from the coalface overseeing the integration of Phillips & Drew with UBS Brinson under the UBS Asset Management umbrella.
Stemp will join Paul Yates at the helm of Phillips & Drew. Yates has been named as Robin Hindle Fisher's successor as chief executive, starting in September.
David Reid Scott, the chairman of corporate finance boutique Hawkpoint Partners, has become a partner of Beaumont Capital Management, Michael Dobson's new fund management firm.
Reid Scott and Dobson previously worked together at Morgan Grenfell.
Scott was one of the founding partners of Phoenix Securities, a boutique that specialised in the financial services sector, in the early 1980s. He established a reputation as a dealmaker. Scott was deputy head of European investment banking at Donaldson, Lufkin & Jenrette when he joined Hawkpoint after DLJ was acquired by Credit Suisse First Boston.
Wyevale Garden Centres has announced the appointment of Justin Dowley as a non-executive director with effect from 1 August 2001.
Dowley is a partner of Gleacher & Co, the advisory and asset management services firm. He retired as managing director and co-head of investment banking at Merrill Lynch Europe in March 2001. Prior to joining Merrill Lynch in 1996 he spent 15 years at Morgan Grenfell, the last two of these as head of UK Corporate Finance. He is a non-executive director of Bridgewell, the investment bank which specialises in small and medium asset finance.
Former executives from CSFB and Fundtech have joined Jerusalem Venture Partners (JVP)'s New York Office.
Effective immediately, Zeljka Matutinovic has become JVP's new general partner and Michael Carus, the company's new COO/CFO. The two will join the New York office to source, support and manage JVP's new investments.
The company said the new appointment reflect the company's North America expansion plans. The appointments are part of its international expansion strategy.
Erel Margalit, founder and managing partner at JVP, said: 'Zeljka and Michael are a powerhouse team and we're very fortunate to have them join JVP. Zeljka's scientific and business acumen and Michael's track record for leading young companies to financial success, translate into the real world expertise that will propel our portfolio companies to the top.'
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