Newton Investment Management’s former lead fund manager Iain Stewart is retiring after 34 years of service in the industry. Last year, Stewart has stepped back from front line management responsibilities and took on a more strategic role. The firm’s popular multi-asset fund was given to a team of three co-managers, Aron Pataki, Suzanne Hutchins and Andy Warwick.
Ares Management Corp. has hired Joel Holsinger as a Partner and Co-Head of Alternative Credit. Holsinger previously served as a partner at Fortress Investment Group.
Miller/Howard Investments has promoted Luan Jenifer to President. Jenifer was the former chief operating officer and head of ESG of the firm.
Letitia Johnson has been appointed Chief Investment Officer at Amherst College. Before moving to Amherst, Johnson was a managing director at Cambridge Associates, where she led the firm’s endowment and foundation team.
Private Banking / Wealth Management
Deutsche Bank has appointed Juan Gutiérrez-Mellado as a private banker in Madrid. Prior to Deutsche Bank, Gutiérrez-Mellado was part of Jupiter Asset Management’s Iberia sales team.
Veteran bond trader Brian Hannon has joined Cantor Fitzgerald as a managing director. Hannon previously spent the last six years at Delaware Investments.
Akira Hoshino has been appointed Head of Foreign Exchange and Local Markets for Citigroup Global Markets Japan.
HSBC Holdings Chief Executive John Flint has stepped down after the bank said it needed a change in leadership to address a challenging global environment. Noel Quinn, Global Commercial Banking CEO is taking over the role on an interim basis. Flint has worked at HSBC for 30 years, where he led the retail and wealth management business before taking over as chief executive last year.
Steven Chang has been promoted Chief Executive, Greater China at Munich Re. In this role, he will lead the P&C business and operations in China, Hong Kong, Macau and Taiwan. Chang joined the firm in 1997 and helped develop the firm’s business in China.
BGC Insurance Group (BGCI) has hired Mark Costin as a Senior Partner for its new global aviation and space reinsurance business. Costin most recently served as aviation and aerospace chief executive at Marsh JLT Specialty.
Back / Middle Office
Jeff Sangster has been appointed Partner, Chief Financial Officer & Head of Strategy at Hudson Structured Capital Management Ltd. Sangster was the former executive vice president and CFO of Validus Holdings.