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Appointments update

Written by Adam Cadle
19/04/2017

- BNP Paribas Asset Management has announced the appointment of Philip Dawes as head of institutional sales for the UK & Ireland.

He joined on 20 November and is based in London, reporting to Charles Janssen, head of institutional sales for Europe.

In this newly-created role, Dawes will be responsible for developing BNPP AM ‘s business across UK institutional clients including insurers and pension funds, as well as contributing to the development of BNPP AM’s UK product strategy.

- AXA Investment Managers has appointed Alessandro Tentori as chief investment officer for Italy.

Tentori was most recently managing director and head of international interest rates strategy at at Citigroup in London.

- Natixis Global Asset Management has appointed Carlos Vilares as head of insurance for the UK and Ireland within its institutional business development team.

Vilares joins from PIMCO where he was a vice president within the Financial Institutions Group and previously the UK institutional team. Prior to joining PIMCO, he worked at Man Investments and Norton Rose. Vilares is a CFA charter holder and completed his MBA at London Business School in 2011.

- J.P. Morgan Asset Management global insurance solutions group has appointed Mark Oldcorn as head of international insurance solutions, Charles Matterson as head of UK insurance solutions and Jinglun Yao as an associate within the institutional strategy and analytics team.

As head of international insurance solutions, Oldcorn will build and maintain relationships with insurance companies outside the United States and will focus on delivering integrated solutions to insurance investors, including developing tailored investment strategies to help them achieve their investment objectives.

Matterson will be responsible for further developing and maintaining relationships with UK insurance companies, coordinating the full resources of the firm across asset classes to provide appropriate investment solutions.

Yao’s appointment will support the continued growth of JPMAM’s institutional strategy and analytics team, which helps deliver customised investment solutions to insurers to meet their objectives within the risk, regulatory, capital and accounting environment of their business

- Schroders has announced the appointment of Charles Prideaux, who joins in the new role of head of solutions.

Prideaux will be responsible for Schroders Solutions business which delivers strategic advice, customisation and risk management to institutional and intermediary investors globally.

- Generali Investments has announced the appointment of Francesco Martorana as its new head of investments, effective 2 October.

Martorana has been in the Generali Group since November 2013, where he held the position of head of group asset liability management & strategic asset allocation (ALM/SAA) for the general account assets.

- Columbia Threadneedle Investments has today announced the appointment of Colin Lundgren as global head of fixed income.

Lundgren is currently deputy global head of fixed income and has been with the company for 31 years. M

- EY has hired Mark Godson as a partner in its actuarial team.

He returns to the firm after four years at Swiss Re Life Capital where he was a senior member of the mergers and acquisitions team.

In his new role he will have a focus on the valuation and structuring of insurance company balance sheets as part of transaction activity within the UK life insurance sector.

- Direct Line Insurance Group has announced that Penny James will join the company as chief financial officer-designate and the board as an executive director on 1 November 2017; she will succeed John Reizenstein.

Reizenstein will be retiring as CFO and executive director to pursue a non-executive career. He will not seek re-election at the company’s 2018 annual general meeting (expected to be in May 2018) and will accordingly step down from the board at that time.

- Aviva Investors has announced the appointment of Iain Forrester as head of insurance investment strategy, global investment solutions.

In this new role Forrester will focus on building outcome-oriented investment strategies for global insurance companies, with responsibility across all areas of solutions design, management and client delivery.

He will draw on the strength and depth of Aviva Investors' investment capabilities across fixed Income, liability driven investment, multi-assets and a range of alternative income assets, spanning real Estate, infrastructure and private corporate credit.

Forrester joins from Standard Life Investments, where he was an investment director in the insurance solutions team, with responsibility for developing investment propositions for global insurance clients. Prior to this, he was head of ALM and capital management at Standard Life, with responsibility for the investment strategy of Standard Life’s balance sheet assets.

- Novae has announced the appointment of Adam Cragg as group chief operating officer.

Cragg brings 25 years of experience in the insurance industry to Novae. He joins from Beazley where he served most recently as head of operations for UK and rest of the world.

In this role he was tasked with managing operational services across eight global offices. He joined Beazley in 2008 as business technology manager. Prior to joining Beazley, Cragg held senior IT roles at ACE Group and Premium Credit Ltd.

- Generali Investments has announced the appointment of Vincent Chaigneau as its new head of research, effective 11 August.

Chaigneau, who will be based in Paris and report to CEO Santo Borsellino, will manage a unit currently consisting of 25 economists and credit and equity analysts working in Paris, Cologne and Trieste.

In addition to this, he will lead Generali’s Group Insurance Research (GIR), a team covering insurance and financial service markets around the world with proprietary forecasts, industry intelligence and ad hoc in-depth studies.

He joins Generali Investments from Societe Generale Corporate & Investment Banking, where he spent 24 years between Paris, New York and London, last serving as the co-head of fixed income research, and head of rates & FX strategy

- The Executive Board of the European Central Bank (ECB) has appointed Hans-Joachim Klöckers as director general economic developments and Massimo Rostagno as director general monetary policy. Both are currently acting heads of their respective business areas, and their appointments as directors general will be effective as of 1 August 2017.

Klöckers has been with the ECB since 1998. He has served as director monetary policy and director economic developments. Previously Klöckers worked at the European Monetary Institute, the Bank for International Settlements and the Deutsche Bundesbank.

Rostagno has been with the ECB since 1998. He has served as head of the Monetary Policy Strategy Division and director Monetary Policy. Previously Rostagno worked for the Banca d’Italia and the International Monetary Fund.

- Aberdeen Asset Management has appointed Steen Foldberg as head of Luxembourg and managing director of Aberdeen Global Services, the group’s principal cross-border management company.

Aberdeen has had an office in Luxembourg since 2006 and manages over 90 funds with assets under management of around €57bn.

Steen joins Aberdeen from Julius Baer where he was a managing director. He will report to Gary Marshall, head of product at Aberdeen.

- AXA Investment Managers’ Rosenberg Equities has announced the appointment of Kathryn McDonald as head of sustainable investing as part of their commitment to integrating ESG (environmental, social and governance) considerations into all of AXA IM Rosenberg Equities’ portfolios by the end of 2017.

AXA IM Rosenberg Equities will work closely with AXA IM’s responsible investment team to leverage their quantitative and qualitative ESG insights and systematically include these in portfolio construction.

The ESG information will be treated as complementary to traditional financial information gathered by the Rosenberg team from the analysis of thousands of companies.

McDonald has over 20 years of experience in the asset management industry. She joined AXA IM in 1999 and has held several positions including director of investment strategy, senior strategist for emerging markets and Asia ex-Japan and head of investments for Australia/New Zealand. Prior to joining AXA IM, she was a consultant with MSCI Barra.

- AMP Capital has appointed Niamh McBreen as an investment director to its infrastructure equity asset management team, based in London, and Stasha Prnjatovic to the newly-created role of investment director, energy within the infrastructure equity team in Sydney.

McBreen is part of the team that is responsible for asset management across AMP Capital’s European infrastructure assets and will report to David Rees, AMP Capital head of asset management for Europe.

McBreen joined AMP Capital on 1 July 2017 from UK Government Investments (UKGI), an associated body of HM Treasury, where she was executive director working on several portfolio assets including Network Rail, Highways England, NATS and Companies House.

Prnjatovic will lead the sourcing, onboarding and asset management of Australian and New Zealand energy infrastructure assets on behalf of AMP Capital’s investors.

- Zurich has announced that Michel Liès is to be its next chairman and will succeed Tom de Swaan who has been a member of Zurich's board since 2006 and chairman since 2013.

Liès has been active in global insurance and reinsurance for almost 40 years culminating in four years as group CEO of Swiss Re, a position he held until June 2016. His career has spanned both the life and non-life segments and has included significant periods with responsibility for growing businesses across Europe and in South America.

In addition to his extensive network within the insurance sector, Liès was chairman of Global Partnerships at Swiss Re which works with governments, international development bodies and NGOs to identify ways to jointly mitigate and address global risks and increase resilience.

- AXA Investment Managers - Real Assets has appointed Julien Gailleton to its infrastructure equity team.

Based in Paris, Julien Gailleton will report to Mark Gilligan, head of infrastructure equity. Gailleton will be responsible for leading origination and investment execution into the OECD infrastructure equity market, initially focused on Western Europe and spanning transportation, energy, water, digital and social infrastructure.

Gailleton joins AXA IM - Real Assets following over seven years as senior investment director at Caisse des Dépôts (previously CDC Infrastructure). In that role, he undertook asset management and business development responsibilities, and worked on deal origination and execution across the energy, transport and telecom sectors. He also served on the boards of several infrastructure companies including Butendiek, Rhône Express, and Viaduc de Millau during that time.

- European private equity association, Invest Europe, has appointed APG Asset Management responsible investment specialist Marta Jankovic as chair.

Jankovic succeeds Blackstone Europe's Gerry Murphy.

Jankovic oversees the environmental, social and corporate governance (ESG) integration within APG’s private equity investments, and also focuses on investment solutions that contribute to the UN Sustainable Development Goals.

“Invest Europe brings private equity fund managers and investors together to provide world class resources for the industry, including promoting transparency and best practice for responsible investment,” Jankovic said.

“I want to highlight the important role private equity can have on the environment and society at large and look forward to helping shape this key work area."

- Alan Beller, Werner Brandt, Takafumi Sato and Kurt Schacht have been reappointed to serve a second three-year term as trustees of the IFRS Foundation. Their new terms start 1 January 2018 and end 31 December 2020.

Beller is senior counsel at law firm Cleary Gottlieb Steen & Hamilton LLP and a former director of the division of corporate finance at the US Securities and Exchange Commission (SEC).

Brandt is the former CFO of SAP SE in Germany and has also served as a member of the board of the Accounting Standards Committee (DRSC) of Germany.

Sato is the President of the Japan Exchange Regulation and has previously served as Commissioner of the Financial Services Agency in Japan.

Schacht is the managing director of CFA Institute in New York and the former Chairman of the US SEC’s Investor Advisory Committee.

The trustees are responsible for the governance and oversight of the International Accounting Standards Board. They have a wide range of practical experience and come from all over the world.

- The PRA's director general of insurance Chris Moulder is to leave the watchdog.

Moulder will be replaced by Anna Sweeney, whose role will encompass life and general insurance.

- The trustees of the IFRS Foundation, who are responsible for the governance and oversight of the International Accounting Standards Board, have appointed Dr Jianqiao Lu as a board member.

Lu will join the board from the Chinese Ministry of Finance, where he is director of the Accounting Regulatory Department and in charge of Chinese accounting standard-setting.

During this time, he played a leading role in China’s work to align Chinese accounting standards with IFRS Standards.

Lu once served as the head of China’s governmental accounting standards reform working group and also led projects to develop accounting standards for non-governmental not-for-profit organisations.

He has made an important contribution to the establishment and work of the Asia-Oceanian Standard-Setters Group (AOSSG), an independent forum of accounting standard-setters from across the region. He has also been actively involved with the IFRS Foundation for many years, including as a key facilitator of the board’s Emerging Economies Group and as a member of the Accounting Standards Advisory Forum.

- Hermes Investment Management has announced that it has appointed Andrew Jackson as head of fixed income, reporting to Eoin Murray, head of investment.

Jackson will be responsible for leading the strategic development of the credit and direct lending investment teams, and developing a multi-asset credit offering capable of accessing all areas of the global credit markets for pension funds and other long-term institutional investors. As a member of senior management, he will also sit on the Hermes Strategy Group, contributing to the effective development of the business.

With nearly 25 years of investment experience, Jackson joins from Cairn Capital where he was chief investment officer, head of investment committee & senior member of the Executive Management Committee. In this role, he was responsible for the development of the asset management business, encompassing the design of new products as well as managing the investment team, which included strategy, portfolio management and research

- Schroders has strengthened its fixed income team with the hire of Jean-Christophe Alario who has joined the company as a quantitative analyst.

He will focus on developing a variety of models and tools to support the fixed income team’s investment process.

Alario brings with him over 10 years of experience in asset management. Prior to joining Schroders he was a senior investment risk manager at Pictet Asset Management. He has previously held roles at Rogge Global Partners, Primergy Capital Partners LLP and RAB Capital.

In addition, Marcus Jennings has joined the fixed income team in a newly created role as a strategist, responsible for providing in-depth analysis of global markets and economies. He will report to Bob Jolly, head of global macro strategy.

- The Presidential Board of the German Insurance Association (GDV) has unanimously designated Dr Wolfgang Weiler as new President. It was confirmed by the General Assembly , Weiler would take the baton from Dr Alexander Erdland who will step down on 27 September 2017.

Weiler, who holds a PhD in business administration, is chairman of the management boards of the HUK-COBURG insurance group and has been serving on the GDV’s Presidential Board as well as on various committees and bodies in the insurance sector for many years.

- Sompo Canopius Re has announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately.

Gray, who joins from Swiss Re, reports to Andy Gladwin, global head of Marine Treaty. Sompo Canopius Re already plays a leading role in the worldwide marine and specialty treaty market, writing through London, Singapore and Zurich.

Gray will be developing a portfolio that adds diversification and also complements the account already written.

- AXA Investment Managers has announced the appointment of two new management board members reflecting changes of leadership at AXA IM - Real Assets and AXA IM - Rosenberg Equities.

Isabelle Scemama is appointed CEO of AXA IM - Real Assets, effective immediately replacing Pierre Vaquier, who is leaving the firm to pursue other interests. Heidi Ridley is appointed Chief Executive Officer (CEO) and Kathleen Houssels named as Global Chief Investment Officer (CIO), both effective as of 1 March 2017, succeeding Jeremy Baskin, who is leaving AXA IM.

- Reinsurance business Novae has named Reeken Patel as its new group chief financial officer and executive director, subject to regulatory approval.

Patel previously served in the role on an interim basis after the departure of Charlie Fry on 31 October. Fry joined the company in 2013.

Patel formerly held the position of chief risk officer at the company, having moved to the firm in July 2014.

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