Daily People Moves – 5 December

Asset Management

Kicking off the ranking was the promotion of Juan Sebastián Restrepo from Head of Multi-Asset Portfolios to Investment Chief at Old Mutual Colombia.

Up next is the appointment of BlackRock’s new Head of Wealth for Latin America and Iberia West Lockhart to replace Iván Pascual, who is set to take another role in Europe.

Metzler Asset Management’s Head of ESG Integration, Axel Hesse, is set to leave the firm in the first quarter of next year.

Franklin Templeton Investments has announced a raft of changes to its Fixed Income Group (FTFIG). Sonal Desai has been confirmed as FTFIG’s CIO, replacing Chris Molumphy who retires at the end of the year after 30 years with the firm. Calvin Ho will co-run the strategies alongside TGM CIO Michael Hasenstab once he takes over Desai’s role as Director of Research.

Amilton Asset Management has bolstered its equity team with the hire of a new European Small and Mid Cap Specialist, Sébastien Levavasseur, in preparation for new fund launches.

Iberian Asset Manager Dunas Capital has appointed Borja Fernández-Galiano as institutional sales director.

Carmignac has appointed Luis Caceres as the new Business Development Director.

Pictet Asset Management has appointed Paolo Paschetta as Italy Country Head.

Derrick Dunne, Chief Executive of Beaufort Investment, has been appointed to a second CEO role at financial planning business Beaufort Financial.

Nykredit Asset Management has confirmed the appointment of Mia Söderberg as Senior Portfolio Manager in the Alternative Investments & Manager Selection team.

Family Office

Topping our ranking is the exit of George Wachsmann from Brazil’s largest multi-family office GPS Investimentos, where he was Deputy Chief Investment Officer.

Fund of Funds

Compass Group hired Inteligo SAB fund selector, Carlos Müller Jiskra, for a Senior Distribution role in Peru in early November.

IBD / Capital Markets

Houlihan Lokey, a global investment bank, announced that Steven M. Cramer has joined the Technology, Media, & Telecom (TMT) Group as a Managing Director to oversee the gaming sector.

Leading Investment Bank Axis Capital Tuesday said its MD & CEO Dharmesh Mehta has stepped down.

HSBC has announced Sue Fox as its new CEO in the Channel Islands and the Isle of Man.

Rabobank has hired Harman Dhami to head its debt capital markets syndicate.


Hamilton Insurance Group, the Bermuda-based re/insurance holding company, has appointed Michael Papamichael as Senior Vice President for Strategy & Corporate Development.

Insurer American International Group Inc on Tuesday named Mark Lyons Chief Financial Officer, replacing Sid Sankaran.

Barbican Insurance Group has announced the hire of Emma Watson a property treaty focused re/insurance underwriter who joins the firm from CNA Hardy.

Ryan Specialty Group subsidiaries WKFC Underwriting Managers and CorRisk have announced that industry veteran Joseph Girardi has joined CorRisk as Senior Vice President.

Private Banking / Wealth Management

Janney Montgomery Scott has been a hiring streak this year, buffering its advisor ranks and expanding into new locations. Advisors Ronald H. Holmes and Whitney E. Riley joined the regional brokerage in Fredericksburg, Virginia. Also moving with them are Lois Pierson, Senior Registered Private Client Associate and Brennan Holmes, Private Client Associate.

Last month, Insigneo welcomed back International Financial Advisor Joseph Ciura just under a year after he left to join Miami-based group Mora Wealth Management.

HSBC Private Bank’s reshuffle of its US offshore business leadership, which included the appointment of an industry veteran Rui Forcada to oversee the Mexican market, sparked a lot of interest last month.

A move sparking great interest was Morgan Stanley’s hiring of two offshore UBS Advisors, Juan Carlos Mayol and Susu Cheung, for its downtown Miami office.

In November, Julius Baer announced it had hired former Credit Suisse Advisor Andrea Cuomo to replace Marc Sulser, who stepped down in August.

Citi Private Bank added a JP Morgan Advisor, Ricardo San Martin, to its Switzerland-based team covering Latin America.

Alex Wade, the long-standing Head of Developed and Emerging Asia at Credit Suisse, has a new role next to his former banking boss Francesco De Ferrari.

Citi Private Bank’s recent appointment of Varun Chugh as the Global Market Manager for the Global India and Puneet Sanwalka as the Head of India Onshore business marks part of a two-pronged strategy to expand the private bank’s Indian business.

Swiss private bank Julius Baer has poached three private bankers, Managing Director Carolina MartínezJuan José González and José Casasayas from UBS to join the firm’s office in Madrid.

Mathieu Ferragut has been appointed as Chief Executive Officer of CFM Indosuez Wealth.

Goldman Sachs Private Wealth Management appointed Robert Barlick as Regional Head for Florida and Latin America.


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