Asset Management
State Super appointed Gary Gabriel as its new Chief Investment Officer, and promoted Charles Wu to Deputy Chief Investment Officer and General Manager of Defined Contribution. He replaces Richard Hedley.
Jonathan Duggan and Chip Sterling have replaced Gregory Pappas, who retired at the end of 2018.
Lazard Fund Managers has appointed Juan Pedro Morenés as Junior Sales for Spain and Portugal.
Edouard Carmignac, founder of French asset manager Carmignac, has stepped down from his portfolio manager role on the group’s flagship €14.3bn Patrimoine fund, and will be repalced by David Older, Head of Equities and Rose Ouahba, Head of Fixed Income.
BMO Global Asset Management has appointed Kristi Mitchem as Chief Executive, replacing Richard Wilson, who is retiring.
Joint Chief Executive of Standard Life Aberdeen (SLA) Martin Gilbert has indicated his intention to retire from the role after 36 years leading his firm.
Asset Management, Hedge Funds
Portfolio Manager Kenichi Amaki has left Matthews Asia to pursue a new opportunity that allowed him to relocate to Singapore. As a result, the firm has named Shuntaro Takeuchi to co-manage the $2.9 billion Matthews Japan fund along with Taizo Ishida, who has run the fund since 2006.
Hedge Funds
Dynamic Beta investments, has expanded its management team with the appointment of former AQR Global Head of Execution Douglas Cilento as Chief Operating Officer.
Citadel has hired Gilberto Marcheggiano from Goldman Sachs Asset Management to join its global macro strategy team.
IBD / Capital Markets
Alejandro Capote has joined Lazard Ltd as a Managing Director and Head of Lazard’s Mexico Financial Advisory business.
Mike Joo, Bank of America Corp’s (BAC.N) Head of Global Rates and Currencies Origination, is taking over as Operating Chief within the corporate and investment bank replacing David Glaser who will retire.
Eastspring Investments has appointed Wai-Kwong Seck, formerly Asia Pacific CEO of State Street Bank & Trust Company as new CEO to succeed Guy Strapp, who has decided to retire.
Insurance
Lockton Re has announced that Jerry Ridge is to lead the firm as Head of Reinsurance, following the retirement of George Carrington.
W. R. Berkley Corporation has appointed Gary Gudex as President of its subsidiary Berkley North Pacific. He was previously Director of Underwriting at the corporation’s subsidiary Berkley Net.
Berkshire Hathaway Specialty Insurance, has announced that it plans to expand its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as Head of Transactional Liability, UK and Europe, to be based in the London office.
Jacky Chan has joined Liberty Insurance (Hong Kong), as Head of Distribution for its Hong Kong property and casualty team.
International General Insurance Holdings has appointed Nick Garrity to the role of Chief Executive of Labuan.
Newline has appointed Markus Schäfer as Senior Underwriter, General Liability at Newline Insurance Company Limited in Cologne.
RSA Group, has appointed Karen Caddick as Group & UK HR Director, replacing Cathy Lewis, who will retire from executive work this year.
Lancashire Holdings has appointed Emma Woolley as Chief Executive Officer of its subsidiary Cathedral Underwriting Limited, replacing Andrew Mckee, who is due to depart at the end of the month.
Gjensidige has hired Aleksander Hope as a new Director of Reinsurance based in Oslo, Norway.
Private Banking / Wealth Management
Rockefeller’s has recruiter a group of brokers from Merrill Lynch as it builds out its new wealth management operation, David Higgins and William Curtis, move across with their teams – dubbed the Higgins Hall Group and the Embleton Curtis Quackenbush Group joined Rockefeller in Atlanta. The seven-member Higgins Hall Group includes advisor Michael Hall, and Curtis’ eight-member Embleton Curtis Quackenbush Group is led by John Embleton, P. Schuyler Quackenbush Jr. and Evan Georgiou.
VP Bank in Singapore has created the new function of the Head of Client Business and appointed Reto Marx to the position.