PGGM has appointed Gerko Baarslag in the newly created role of Chief Information Officer. He joins from ground research firm Fugro.
Invesco has strengthened its EMEA ETF Portfolio Management team with two new hires; Wayne Parker, from FinEx London, and Deepak Bharti, from Deutsche Asset Management.
Ped Phrompechrut has joined Schroders Multi-Asset Solutions team to provide specialist advice on private markets. He was previously Head of Private Market Solutions at Willis Towers Watson.
Franklin Templeton Investments has appointed Alessandro Rongo as Marketing Director and Communication Coordinator for Italy. He joins from Columbia Threadneedle Investments.
Asset Management, Hedge Funds
Giampaulo Serra, formerly a Senior Marketer and Account Manager at Brevan, has joined RWC as Head of Italian Distribution.
Citadel hired Angel Ubide as Head of Economics Research for its Global Fixed-Income Division. He joins from Goldman Sachs Group Inc., where he was an MD focusing on the G-10 economic outlook and fixed-income strategy.
IBD / Capital Markets
Zhao Huan will be named Chairman of China Development Bank.
Credit Suisse has terminated its veteran dealmaker Marco Illy for cause with immediate effect, before the investment banker moves to rival UBS.
Citigroup Inc has appointed the former head of France’s main business lobby group, Laurence Parisot, as Chairwoman and MD of its French unit.
Andrea Orcel is leaving UBS’s investment bank ahead of a move to run the Spanish banking giant Santander.
Stephen Clark has been appointed as the CEO of Zurich Life Insurance Malaysia Bhd, succeeding Philip Smith, who will be leaving at the end of September.
Private Banking / Wealth Management
Wilmington Trust has hired Adam Bakhash as a Senior Private Client Advisor in its Wealth Advisory office in Los Angeles.
BNY Mellon Wealth Management has named Paul J. Simon as Senior Director, Wealth Manager in Naples, Florida. Prior to joining BNY Mellon Wealth Management, Simon was Vice President and Portfolio Manager at Stoney Creek Advisors.
Boston Private, has hired Amy Born as a Senior Wealth Advisor.
Tilney is doubling the size of its discretionary investment management team in its Manchester office with three new hires; Andrew Ramsden, Ben Griffiths and Danielle Bamber, who all join from Brown Shipley.
Banca Leonardo has strengthened its team in Padua (Northern Italy) with the appointments of Luca Babetto and Raffaele Ferraro as Relationship Managers. Both join from Mediobanca.