Here is a breakdown of the key moves and promotions this month
Name: Graeme Lindsay
To: Resolution Asset Management
From: Scottish Mutual/Abbey
Resolution Asset Management has enhanced its liability driven investment (LDI) team through the appointment of Graeme Lindsay as investment manager on its dedicated LDI desk. His responsibilities include assisting in the monitoring and management of existing LDI mandates as well as contributing to the groups's continued development of innovative strategies for clients. He was previously an investment manager at Scottish Mutual/Abbey, spending 14 years with the company, culminating in directorships of the Talorcan offshore fund range.
Name: John Kremer
To: Credit Suisse
From: Lehman Bros
Credit Suisse has appointed John Kremer as head of European institutional distribution for asset management. In this new role, Kremer will be responsible for relationship management and distribution activity for all institutional clients for asset management in Europe, the Middle East and Africa. Kremer has nearly 20 years of international experience in the institutional distribution of financial products, with special expertise in the distribution of alternative investments and structured products. He joins from Lehman Brothers in London, where he served as president of the firm's Alternative Investment Management, building and directing a global distribution team for its hedge fund, fund of funds and commodity-related asset management products. Prior to this, Kremer held senior distribution positions at UBS O'Connor in Hong Kong, Tokyo and London.
Name: Tony Michael
To: Northern Trust
From: Dominion Corporate Services
Northern Trust has hired Tony Michael as company secretary for its fund administration operation in Jersey, in response to the continued growth in its offshore business operations. Michael will assist Graeme McArthur, managing director in Jersey, with overseeing the running of the group's fund administration operation on the island. He will also have client relationship management responsibilities. Michael has worked in the Jersey finance sector for 17 years. He joins Northern Trust from Dominion Corporate Services, where he was director of client service and operations. Previously, he worked for Moores Rowland, Capital House International, Trident Trust and Sanne Trust.
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 will be focusing his attention on business development for the office. Thorn is a vice-president at Morgan Stanley Quilter and joined the company in 1986. He reports to the head of onshore offices, David Loudon. His appointment comes at an important stage in the development of the Liverpool office with its move to new premises in August this year.
Name: Gerard Aquilina
To: Barclays Wealth Management
From: HSBC Private Bank
Barclays Wealth Management has appointed Gerard Aquilina to head up its international private banking businesses. He reports to the chief executive, Thomas Kalaris. Aquilina has more than 20 years' international experience in investment and private banking and joins Barclays from HSBC Private Bank, New York, where he was chief executive officer Americas. Prior to that, he worked for Merrill Lynch. He is also a qualified lawyer. Aquilina's role will be to grow and expand Barclays Wealth Management's offering for affluent and high net worth individuals internationally with particular focus on Europe, the Middle East and Africa.
Meanwhile, Michael Morley, who previously headed up the Barclays International Private Bank, has decided to leave the firm after four years to pursue other interests. During his time with Barclays, Morley played a central role in consolidating and developing the private bank internationally.
Name: Bryan Crawford
To: JP Morgan Private Bank
From: Returns after short absence
JPMorgan Private Bank has appointed Bryan Crawford as head of Private Client Advisory, a new joint venture group with the firm's investment bank that will provide corporate finance advisory services to potential and existing clients. Crawford is responsible for leading and growing the existing team of investment banking specialists within JPMorgan Private Bank. The Private Client Advisory Group will also be responsible for leveraging the client referral and cross-marketing opportunities between the investment bank and private bank. Crawford, who is based in London, returns to JPMorgan after a short absence. He previously worked for the group for 11 years, initially in various M&A roles and most recently as head of the firm's technology investment banking group.
Name: Simon O'Donoghue
From: Forsyth Partners
Jupiter has appointed Simon O'Donoghue to the newly created position of sales director, offshore and Nordic. O'Donoghue, who joined in September, works with Kevin Scott to build sales of Jupiter funds in the Channel Islands, the Isle of Man and Nordic markets. Based in Jersey, O'Donoghue has worked in the fund management industry for 14 years. His most recent role was at Forsyth Partners, where he spent four years as offshore sales director for the Channel Islands and Nordic markets. Before this, he worked in offshore sales at Invesco International and Fidelity. Kevin Scott, offshore director at Jupiter Asset Management, said: "Our plans to develop international sales at Jupiter are on track. The group has already launched a series of feeder funds for investors who are non-domiciled or non-resident in the UK and are in the process of redeveloping our Luxembourg-based Sicav."
Name: Alec Hoffman
Etheios, the independent investment management consultancy, has appointed Alec Hoffman as associate director, heading the retail fund services practice. This practice brings together transfer agency, distribution and wraps, so that clients gain the benefits of an integrated approach to retail funds product development and administration. Hoffman joined Etheios in 2000 as a principal consultant specialising in investment administration and has worked on a number of consultancy projects for the company. These include implementation of a fund supermarket administration platform and the provision of systems for straight-through processing for clients including Mellon Investment Services and Bank of New York. He has worked in the financial services industry for 15 years with experience in treasury, international banking and fund management.
Smashed initial target
Since November 2008
Share issue oversubscribed
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
Events, information and other services