Here is a breakdown of the key moves and promotions this month
NAME: JEREMY SMITH
TO: NEPTUNE INVESTMENT MANAGEMENT
Jeremy Smith has joined boutique Neptune Investment Management as UK Equity manager. He makes the switch from Schroders after 14 years on the group's UK equities desk. At Neptune, Smith will be responsible for managing the £13.4m Neptune UK Equity fund and a £27.4m segregated UK Equity mandate, with further portfolios to follow. Consistent with Neptune's global sector investment process, where each fund manager acts as an analyst for one or more global sectors, Smith will assume responsibility for the oil and gas sector, which he followed closely at Schroders. He previously managed the Schroder UK Large Cap fund from inception in February 2004, was deputy manager of the Schroder UK Equity fund and was also responsible for the offshore Schroder ISF UK Equity fund.
NAME: OLLIE BECKETT
TO: HENDERSON global investors
FROM: HENDERSON global investors
Henderson Global Investors has promoted Ollie Beckett as lead manager of the 180m Henderson Horizon Pan European Smaller Companies fund. Beckett has now taken full control of the fund having previously co-managed it with Stephen Peak, head of the European equities team at the group. Beckett said: "The investment process will remain the same. European equities is a core strength within Henderson's Horizon range and this fund's focus on small cap gives investors access to the breadth of growth opportunities that Europe offers. With the current economic backdrop we are positive on European smaller companies on a nine to 12-month view and are confident great stock picking opportunities remain."
NAME: PAUL WIMBORNE
TO: BARING ASSET MANAGEMENT
FROM: INSIGHT INVESTMENTS
Baring Asset Management has recruited Paul Wimborne as global emerging markets portfolio manager. Wimborne will join Barings in the autumn from Insight Investments, where he ran the AA-rated Global Emerging Markets fund for three years. He will report to James Syme, who will also be joining at the same time, and will work on the Global Emerging Markets, Emerging Opportunities and Latin America funds. Wimborne has more than eight years' investment experience and prior to joining Insight worked in the global equities team at Rothschild Asset Management.
NAME: SARAH MELVIN
TO: Merrill Lynch Investment Managers
FROM: GARTMORE investment management
Merrill Lynch Investment Managers (MLIM) has appointed Sarah Melvin as director of strategy and business development in Europe, Middle East and Africa. She will provide advice and direction in all areas of business strategy and development and will help build on the momentum already seen in the region. Melvin joins from Gartmore Investment Management where she was strategy manager and delivered a range of strategic projects, including reviews of its hedge fund and Japanese businesses. She has experience in market strategy, market intelligence and business strategy gained from working in insurance, financial services and investment management. She has also worked at AMP, NPI and CGU.
NAME: DAVID BUSCHE, OLIVIER DANTEC
TO: CLOSE PRIVATE BANK
FROM: ROYAL BANK OF CANADA, SCOTTISH WIDOWS INTERNATIONAL
Close Private Bank has strengthened its global distribution with two senior management appointments in Jersey and the Isle of Man. David Bushe, who has 12 years of international experience in asset and fund management, will take on the Jersey role. He comes from Royal Bank of Canada and previously worked for Standard Bank in Jersey, Guernsey and the Isle of Man. Olivier Dantec, who will be based in the Isle of Man, also has 12 years' experience in investment management and private banking. He joins from Scottish Widows International. Prior to this, he worked for SG Hambros and HSBC. Andrew Henton, managing director of the bank, said the appointments helped reinforce the group's strategy of distributing its products from multiple jurisdictions. He added: "Both managers will have geographical and product-orientated business development mandates. Each will be responsible for opening new markets, while forging and enhancing professional alliances and partnerships within existing markets."
NAME: CLARE REID
TO: STANDARD BANK offshore group
FROM: ABACUS financial services
Claire Reid has been appointed to the new post of head of marketing and communications for the Standard Bank Offshore Group. Reid will be responsible for marketing as well as internal and external communications for the group's offices in Jersey, Isle of Man and Mauritius, and for the international wealth management teams based in Asia, Dubai and London. Reid has more than 15 years' marketing experience, having previously worked as marketing manager at Jersey Post between 1995 and 1997 before joining Abacus Financial Services in 1997, becoming head of marketing in 2001.
NAME: PETER DEW
TO: SYNDICATE ASSET MANAGEMEnt
FROM: UNiCoRN ASSET MANAGEMENT
Syndicate Asset Management has appointed Peter Dew as a non-executive director. For the last six years Dew chaired the board of Unicorn Asset Management in a non-executive capacity. Prior to this, he worked as an investment management consultant, advising companies such as Mercury Asset Management, Prudential Portfolio Managers, Association of Investment Trust Companies and Private Bank & Trust Company. Dew has built his career at large fund management institutions having spent 12 years at Mercury Asset Management and four years at GT Management.
NAME: LOUISE CURTIS
TO: LLOYDS TSB
FROM: LLOYDS TSB
Lloyds TSB has promoted Louise Curtis to the position of manager of international personal banking, based in Hong Kong. In her new role, Curtis will run a key business unit within the wider expatriate banking business of Lloyds TSB International. She will be tasked with developing business relationships with potential customers and intermediaries in the expatriate community in the Far East. Curtis will head a team of three people in the Hong Kong representative office.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation