PIMCO named Kimberley Stafford as Global Head of Product Strategy Group. Currently, Stafford is head of Asia Pacific and will move from Hong Kong to the firm’s Newport Beach headquarters for her new role. Alec Kersman, managing director and head of strategic accounts for U.S. wealth management, is replacing Stafford as head of Asia-Pacific region. Managing directors David Fisher and Eric Sutherland, co-heads of PIMCO’s U.S. global wealth management strategic accounts unit, will step in to assume Kersman’s role.
Thasunda Brown Duckett was appointed President and CEO at TIAA-CREF, effective May 1. Duckett is presently the CEO of Chase Consumer Banking, a division of J.P. Morgan Chase & Co.
Sebastiano Ferrante, PGIM Real Estate’s head of Germany and Italy, will assume the role of Deputy Head of Europe. He will focus on ESG, talent, diversity and inclusion, and technology and innovation. Meanwhile, Jocelyn de Verdelon will also step into the role of Head of Transactions, Europe. De Verdelon is currently head of France, Spain and Portugal.
CEO Doug Heron is stepping down from his role at Lothian Pension Fund, later this year. Heron has been CEO since February 2019.
Nick Keem joined Robeco as Head of UK Wholesale. In this new role, Keem will oversee the growth of Robeco’s UK wholesale client network, including strengthening the company’s distribution proposition for intermediaries such as banks, wealth managers, and financial advisors.
Praesidium Investment Management has appointed Daniel McHale as Director of Client Service and Business Development. McHale was previously head of business development at Morgan Stanley.
Michael Novoseller was appointed Senior Investment professional at Brightwood Capital Advisors. He re-joined the firm in February 16. He served as managing director at Brightwood Capital from 2011 to 2015 before leaving to join ArrowMark Partners as managing director.