Bill Stromberg, Chairman and CEO of T. Rowe Price Group is retiring on December 31. Rob Sharps, current president, head of investments, group chief investment officer, will succeed Stromberg as President and CEO.
Allianz Global Investors named Michael Heldmann as Chief Investment Officer for systematic equity. Heldmann joined Allianz GI’s systematic equity team in 2007 and led the U.S. operations since 2015.
Canada Pension Plan Investment Board appointed Suyi Kim as Global Head of Private Equity. She was previously the firm’s senior managing director and head of Asia Pacific.
Andrew Hay was appointed Head, Global Infrastructure Investments at RBC Global Asset Management. He will develop the firm’s private markets business, focusing on global infrastructure. Most recently, he worked for a Canadian pension plan as a senior principal, infrastructure investments.
Natixis Investment Managers named Nathalie Wallace as Global Head of Sustainable Investing. Wallace joins from Mirova where she was head of ESG strategy and development.
Maureen Joyce joined Barings as Head of U.S. Real Estate Equity Asset Management. Prior to Barings, Joyce served as managing director and head of asset management and separate accounts at AEW Capital Management.
Federated Hermes named Gemma Corrigan as Head of Policy and Advocacy. Prior to this, Corrigan was a senior economist with the World Economic Forum.
Dimensional Fund Advisors appointed Paul Foley as Head of EMEA Portfolio Management and Kipp Cummins as Head of EMEA Fixed Income. Both previously served as senior portfolio manager and vice president of Dimensional UK.
Tomoyasu Tanimoto joined Janus Henderson Group as Head of Distribution in Japan. Tanimoto joins from Fidelity where he most recently held the role of head of corporate sales.
Private Banking / Wealth Management
HSBC Global Private Banking appointed Robert Embury as Head of Collaboration for Europe, the Middle East and Africa (EMEA); Gemma Wild as Head of Collaboration for the Middle East and North Africa (MENA); and Kevin Herbert as Head of GPB, Channel Islands and Isle of Man. As collaboration heads, they will be responsible for ensuring that clients’ wealth needs across their professional and personal remits are holistically covered, with strong support from the bank’s commercial banking (CMB), global banking and markets, and wealth and personal banking (WPB) businesses. Embury joined the UK private banking business in 2013. Wild joined HSBC in 2015 and previously served as CMB sector head for education and healthcare. Herbert has been working in HSBC since 1987 and held various roles internationally across CMB and WPB businesses.
Swiss Re named Balasubramanian (Bala) Nagarajan as Head of Client Markets Property & Casualty in Asia, effective September 1. Prior to this, Nagarajan was head P&C business management SID for property and engineering, liability and non-life accident claims.
Sun Life appointed Cassandra White as President, Digital Enterprise Asia; Darren Pigg as Chief Transformation for Asia; and Aneesh Chaudhry as Chief Data & Analytics Officer for Asia. White has 25 years’ experience in business transformation and technology programs in financial services. Pigg joins from KPMG where he was a consultant in digital transformation. Chaudhry previously worked for Hindustan Unilever, managing data and analytics.