GAM is facing several departures of fund managers. Head of Fixed Income Enzo Puntillo is leaving, following the firm’s plans to centralize the emerging markets team in London, under Paul McNamara’s leadership. Other fund managers who are leaving are Michal Novak and Peter Schütz, who cover interest rates. Laurence Kubli and Matthias Wildhaber will also exit as a result of the ABS and MBS teams being merged into one unit.
Justin Urquhart Stewart is set to retire from Seven Investment Management in January. He will step down from his full-time position at the firm. Urquhart Stewart was the last of the seven founders standing at the wealth manager. CFO Charles Sparrow and COO Phillip Bungey both exited the firm in Q3, while top chief Tom Sheridan left in March.
Ambrice Miller has joined Invesco’s UK business development team in strengthening its ETF business. Miller most recently served as head of UK insurance sales at iShares for Blackrock.
Borja Díaz-Llanos has been appointed to lead the new illiquid alternatives investment area of Santander Asset Management. Before Santander AM, Díaz-Llanos worked at Deutsche Bank Spain for 15 years and was most recently co-head of markets and financing area at the firm’s investment banking division.
Gordon Mackay is assuming sole responsibility for two global equity funds at Janus Henderson Global Investors upon the exit of co-manager Ronan Kelleher. Mackay joined the firm in 2016, having previously worked at Speirs & Jeffrey.
Private Banking / Wealth Management
HSBC Private Banking has appointed Gavin Rankin as Regional Head of Investment Services & Product Solutions for Europe, the Middle East and Africa (EMEA). Rankin spent the last nine years at Citi Private Bank where he was most recently head of managed investments in the region.
IBD / Capital Markets
Group Risk Officer Marc Moses is stepping down from his role at HSBC. Replacing him is Pam Kaur, head of wholesale market and credit risk. Andy Maguire, will retire in January and Sami Assaf, the long-time head of HSBC’s investment bank, will take a new position as chairman of the bank’s corporate and institutional banking business. Meanwhile, Georges Elhedery and Greg Guyett have been named Co-Heads of the global banking and markets division. Guyett presently heads banking while Elhedery runs the markets business.
Stephen Nguyen has been appointed AXA XL’s Client Management Leader for Asia. Nguyen joins from Aon where he served as director and global client network manager for outward accounts.