The latest people on the move in international finance.
DFSA’s CEO announces September departure
Paul Koster, Chief Executive of Dubai Financial Services Authority (DFSA) for the last four years, has announced he will step down in September. The DFSA Board of Directors says it is confident of finding a “worthy successor” to take over the work Koster and his team have been doing, which is “to strive to maintain the high international standards of the DFSA as an independent regulatory body and to contribute to the success of the Dubai International Financial Centre (DIFC) as a whole.”
Renaissance Asset Managers appoints new CEO
Guernsey-based Renaissance Asset Managers (RAM), the specialist asset manager focused on emerging Europe, Russia and Africa, has appointed Barbara Rupf Bee as CEO. Rupf Bee has been tasked to lead RAM’s strategy in emerging and frontier markets, overseeing 30 investment professionals and assets under management of $2.8bn. At the same time, RAM also announced that Plamen Monovski has been named President, in addition to his responsibilities as Chief Investment Officer.
RAM says these two appointments mark the further expansion of the company’s executive and fund management structure, following its recent acquisition of three emerging Europe funds from Griffin Capital Management. Absorbing Griffin Capital Management added four new investment professionals to RAM’s team and brought its assets under management up to over $2.8bn.
DWS attracts sovereign wealth fund manager from Abu Dhabi
DWS Investments has expanded its expertise in emerging markets with the appointment of Luiz Riberio. Ribeiro was most recently Head of Latin American Equities at ADIA, the highly-respected sovereign wealth fund, Abu Dhabi Investment Authority. As Head of Latin American Equities, Ribeiro will be responsible for DWS’ investment strategy in the region and will be primarily based in São Paolo reporting to Andreas Römer, Head of Emerging Markets at DWS.
Ribeiro is the second sovereign fund manager to move to DWS in just a few months. Hian-Boon Tay joined DWS from the sovereign wealth fund GIC, the Government of Singapore Investment Corporation.
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards