Fidelity Magellan fund’s sole manager, Jeffrey Feingold since September 2011 is to retire at the end of this year.
Discretionary fund manager Beaufort Investment has promoted Portfolio Construction and Research Head Shane Balkham to CIO.
Fintech, Private Banking / Wealth Management
Additiv has named Credit Suisse veteran, Jeffrey Feingold as new Managing Director in Asia to spur growth in the region.
IBD / Capital Markets
Piper Jaffray Cos. has announced that CEO Chad Abraham will become Chairman of the board, effective at the annual meeting of shareholders on May 17 when incumbent Chairman Andrew Duff retires.
Barclays’ investment arm Chairman, Sir Gerry Grimstone will step down at the end of the month.
ProAssurance Corporation has unveiled leadership changes following Howard Friedman’s retirement from his role as President of Healthcare Professional Liability. Friedman will maintain his role overseeing the development of the actuarial function; Michael Boguski, currently President of Eastern Alliance Insurance Group (Eastern), is being promoted to President of ProAssurance’s specialty P&C operations; and Kevin Shook, the executive vice president of Eastern is being promoted to become Eastern’s new President.
Hannover Life Reassurance Company of America has appointed Jeff Burt as new President, responsible for Hannover Re’s life and health reinsurance business in the United States.
Willis Towers Watson has appointed Ben Dunston as Head of Broking in Asia, effective March. He was previously the Head of Marine at Chubb Insurance Company, Singapore.
Private Banking / Wealth Management
Sanjeev Premchand, an MD with more than twenty years experience in the wealth management industry has resigned from Julius Baer in Zurich.