Here is a breakdown of the key moves and promotions this month
Name: Robert Koopdonk
Robert Koopdonk has been appointed head of retail sales at Merrill Lynch Investment Managers (MLIM) Benelux where he will be responsible for the growth and development of the retail products available for sale in the Benelux region. Koopdonk will be based in the Netherlands and report to Leen Meijaard, head of Benelux at MLIM. For the last four years, Koopdonk worked for Robeco, where he was head of sales and marketing for its alternative investments unit. Prior to Robeco, Koopdonk was one of the founders of Fundix, an online fund supermarket aimed at fund providers, insurance companies, private banks and advisers. He also held several roles at ING.
Name: Jamie Farmer
To: Dow Jones
From: Susquehanna International Group
Dow Jones Indexes has appointed Jamie Farmer as senior director of operations. He brings more than 15 years of expertise in the development of indices and index-linked products, institutional sales, equity research and marketing to this newly created role. In this position, Farmer will spearhead strategic efforts in creating, developing and maintaining new indices. He will be responsible for identifying and introducing the indices to untapped and niche markets. He also will oversee the alignment of strategic objectives and activities across the business unit. He reports to John Prestbo, editor and executive director of Dow Jones Indexes. Previously, Farmer served as senior associate of strategic relationships at Susquehanna International Group, LLP (SIG), a global institutional sales, research and market making firm. There he focused primarily on developing new products such as cash-settled index options and exchange traded funds (ETFs).
Name: Peter Clarke (above) and Stanley Fink
To: Man Group
From: Man Group
The board of Man Group has announced that, effective 1 April 2007, group finance director Peter Clarke will be appointed group chief executive. Present chief executive Stanley Fink will become non-executive deputy chairman. Fink will also retain his role as chairman of the strategic investment committee of Man Investments. The group will appoint a new group finance director in due course. Clarke joined Man Group in 1993 and has served in a variety of roles, including group company secretary. He was appointed to the group board in 1997 and became the group finance director in 2000. In November 2005, he was given the additional title of group deputy CEO. Fink joined Man Group in 1987 and served in a number of positions, including head of Man Investments, before being appointed CEO in 2000. During his tenure as CEO the firm has seen its investment funds under management growth from $4.7bn to more than $54bn, at 30 June, 2006, while pre-tax profits have risen to $1.2bn.
Name: Thomas Ferrand, mubashar ayoob and peter anderson
To: Merrill Lynch Global Private Clients
From: UBS Wealth Management
Merrill Lynch Global Private Client (GPC) in the UK has hired a highly successful key client team from UBS Wealth Management. Thomas Ferrand, Mubashar Ayoob and Peter Anderson each have outstanding track records in asset gathering and investment advice. The three will join Merrill Lynch in mid-November, focusing on entrepreneurs and high net worth families based in the UK, with investable assets of more than £10m. They will work together as a team in Merrill Lynch GPC's London office, reporting to Nick Tucker, market leader for GPC UK and Ireland. Ferrand has nearly 20 years' experience in financial markets at Bain & Co, UBS Warburg and UBS Wealth Management, where he was a director since 2003. Ayoob has been a director at UBS Wealth Management since 2002. Ayoob has been advising private clients for over 10 years and gained his experience at Merrill Lynch and Citigroup. Anderson worked for five years as a director at UBS Wealth Management. Prior to that, he was a private client investment manager at Gerrard's in Edinburgh, Scotland for four years.
Name: Robert Montague and Tammy Lloyd
From: Société Générale and Investec
Investec Asset Management has further strengthened its fixed income team with the appointment of two new credit analysts. Robert Montague has joined from Société Générale to focus on the banking and insurance sectors, and Tammy Lloyd, who has moved internally, will predominantly cover the telecoms and media sectors in the investment grade and high yield corporate bond markets. Their appointments bring the Investec fixed income team to 30 investment professionals responsible for £6.3bn in assets. Before joining Investec, Montague spent five years at Société Générale as a banking and insurance credit analyst. Prior to that he spent five years as an analyst at Fitch where he focused on European banks. Tammy Lloyd joins the fixed income team after spending four years in Investec Asset Management's business development team.
Name: Graham Bright
To: Financial Tradeware
From: Financial Tradeware
Financial Tradeware, provider of portfolio and fund management straight through processing (STP) solutions for investment managers, fund managers and hedge funds, has promoted Graham Bright to the role of managing director, Financial Tradeware. His new role also encompasses Financial Tradeware (Suisse) SA, based in Geneva. Former managing director, Alberto Fontana retires after nine years heading up the IT services company. Bright joined the company in 2005 as head of international sales, after a 20-year career with Swift.
Name: Mark Allerston
To: Asset Risk Consultants
Asset Risk Consultants (ARC) the Guernsey-based independent investment consultancy, has recruited Mark Allerston as marketing and business development director, to spearhead the group's continued growth in the UK and further afield. He will be based in London. Allerston spent the past five years with Abacus Financial Services Group, where he was group business development director. Prior to this, he spent five years as a director at Newton Private Investment Management and between 1991 and 1996 was employed by the private client law firm Wilsons.
Name: Richard Thorn
To: Morgan Stanley Quilter
From: Morgan Stanley Quilter
Morgan Stanley Quilter has appointed Richard Thorn as head of its Liverpool office. He succeeds Tim Timotheou, who is to focus on business development for the office. Thorn joined the company in 1986 and is vice-president at the group. He reports to the head of onshore offices, David Loudon.
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits