Here is a breakdown of the key moves and promotions this month
NAME: DARRIN NIGHTINGALE
TO: STANDARD LIFE
Standard Life Investments, the global fund manager, has appointed Darrin Nightingale as head of marketing. Nightingale was previously group head of brand at Axa. He will be responsible for marketing, brand and product management and will work alongside Mark Connolly, director of distribution and client services. In his new role, Nightingale will help develop the Standard Life brand both in the UK and globally. He has more than 25 years' experience inthe industry.
NAME: STUART DYER
TO: CLOSE FIDUCIARY SERVICES
Stuart Dyer has joined Close Fiduciary Services, part of Close Private Bank, as executive chairman. He will take over responsibility for Close's fund and trust business in Jersey, Guernsey and the Isle of Man, which the group plans to expand. The trust businesses in these areas will function as a single platform and leverage off the combined strength of 100 staff rather than operating as three separate businesses. Dyer joins from Cofunds where he was chief executive. Prior to this, he was chief operating officer of retail investment at JP Morgan Fleming and investment marketing director at Friends Provident.
NAME: DAVID GALLAGHER
TO: BARING ASSET MANAGEMENT
FROM: CHARTWELL INVESTMENT PARTNERS
Baring Asset Management has recruited David Gallagher to head up its North American institutional sales operation. He will be based in the company's Boston office and report to George Harvey, head of sales, business development and client service. Gallagher has 16 years' experience in the industry and has previously worked for Scottish Equitable International and Franklin Templeton. He joins from Chartwell Investment Partners where he was vice president and principal.
NAME: ADAM LESSING
TO: MORLEY FUND MANAGEMENT
FROM: AXA INVESTMENT MANAGERS
Morley Fund Management has recruited Adam Lessing to the position of head of business development for Europe. He will be responsible for developing the Aviva Sicav range in key markets, as well as building on Morley's presence in Italy, Spain, Luxembourg and Poland. He will report to James Tanner, managing director of distribution and alternatives. Lessing was most recently head of distribution for Northern Europe at Axa Investment Managers. Prior to joining Axa, he was executive director at Goldman Sachs Asset Management and has held a number of senior positions in banking and asset management in Austria.
NAME: MATTHEW RYALL
TO: MERRILL LYNCH
FROM: LASALLE INVESTMENT MANAGEMENT
Merrill Lynch has appointed Matthew Ryall as a director in its real estate research and strategy team and as a fund manager for its European fund of funds business. He will report to John Gellatly, head of indirect property investments and strategy. Ryall joins from LaSalle Investment Management where he was director of European strategy and research. Prior to this, he worked for Jones Lang Wootton Fund Management and was also chief economist at the Royal Institution of Chartered Surveyors.
NAME: COLIN DRYBURGH
TO: MORLEY FUND MANAGEMENT
FROM: BREWIN DOLPHIN SECURITIES
Morley Fund Management has appointed Colin Dryburgh as equity analyst covering European stocks. He joins from Brewin Dolphin Securities where he was an equity analyst in the investment management division. Prior to Brewin Dolphin, he worked for Abbey National as an investment manager. He will report to Rita Dhut, head of European equities. This continues the expansion of Morley's equity team following the recent appointments of fund managers Mervyn Douglas from Legal & General Investment Management and Chris Murphy from Axa Framlington.
NAME: STEPH BESTER
TO: LLOYDS TSB offshore
FROM: BARCLAYS INTERNATIONAL
Lloyds TSB Offshore has appointed Steph Bester as head of its new African representative office in Johannesburg, which was opened to meet the needs of clients and intermediaries in sub-Saharan Africa where it provides offshore banking facilities. Bester joins Lloyds TSB Offshore after six years with Barclays International of which two years were spent as a national sales manager in South Africa.
NAME: JON WAGSTAFFE
TO: CREDIT SUISSE
FROM: BANK OF SCOTLAND
Credit Suisse has recruited Jon Wagstaffe as an adviser covering the East Anglia region, which includes Ipswich, Norwich and Cambridge. He will report to Richard Algar, vice-president and head of the UK regional team for the private banking division of Credit Suisse. Wagstaffe comes with 15 years' experience in both corporate and private banking. His previous positions include a client management role in the private banking division of Bank of Scotland.
NAME: NICK MUSTOE
TO: PICTET ASSET MANAGEMENT
FROM: HERMES PENSIONS MANAGEMENT
Nick Mustoe has joined Pictet Asset Management (PAM) as its chief investment officer, head of equities. He takes over from Nicholas Johnson who will become chairman of PAM. Mustoe joins from Hermes Pensions Management where he was chief investment officer and was responsible for the creation of Hermes's investment in hedge funds and commodities.
NAME: RICHARD TAM and GRAHAM PEACOCK
TO: STANDARD BANK
FROM: HSBC and RAM
Standard Bank has expanded its fiduciary and offshore business and recruited Richard Tam as senior vice-president of global wealth protection, while Graham Peacock has been appointed regional manager of offshore business development. Tam has more than 20 years' trust experience and has spent most of his career in Hong Kong with HSBC and Citibank in senior positions working for private trust clients in Asia. Peacock has joined Standard Bank from privately owned Hong Kong-based fund manager RAM. Educated in Edinburgh, he has worked in banking and investments since 1990, including a seven-year stint with Lloyds TSB in the UK and the Channel Islands.
NAME: HUGH SERGEANT (pictured) and RICHARD STAVELEY
TO: RIVER AND MERCANTILE ASSET MANAGEMENT
FROM: SOCGEN ASSET MANAGEMENT
River and Mercantile Asset Management has recruited Hugh Sergeant to develop its UK equity business and Richard Staveley as a member of his team. Both join from SocGen Asset Management where Sergeant was head of UK equities and Staveley was a fund manager.
Industry Voice: For generations, life expectancy has been steadily increasing, with more and more people now likely to live to 100.
Joined company in 2016
Bought ATS for £40m this morning
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