Moves in the Global Wealth Management Sector – April 2024

In April 2024, the global wealth management industry saw significant movements and appointments across various firms. Here are some of the key highlights:

1. Noel Quinn announced his retirement as CEO of HSBC after a long tenure at the lender since 1987. He had been serving as the chief executive on an interim basis before being formally appointed in March 2020.

2. Harry Jack, who was the head of pan-European Equity Research at Schroders, joined Cazenove Capital in London under Clare Anderson, the global head of Schroders family office service.

3. Aviva Investors welcomed Mathew Parker to its UK Equity team in London, reporting to Trevor Green, the head of UK equities. Parker joined from Columbia Threadneedle.

4. Royal London Asset Management underwent a restructuring of its global equity team following the resignation of Peter Rutter, the head of equities, and several members of the global equities team who planned to set up their own company. Chief Investment Officer Piers Hillier took on the responsibility for Royal London Asset Management’s global equity capabilities.

5. Close Brothers Asset Management appointed Tom Squire as a senior investment director in their London Mayfair office, joining from Investec Wealth & Investment.

6. Offshore law firm Harneys appointed partners Jessica Williams and Ben Hobden as co-heads of the Cayman Islands Litigation, Insolvency, and Restructuring practice group.

7. RBC Brewin Dolphin made several appointments including Matt Baldwin, Joseph Smith, Shazna Bishop, and Simon Reed.

8. PGIM expanded into the Middle East by appointing Mohammed Abdulmalek, a seasoned professional with experience at UBS Asset Management, JP Morgan, and Deutsche Bank Asset Management.

9. Jersey Finance appointed Chris Jenkins as its global head of market development, taking over from Allan Wood.

10. EFG Harris Allday appointed two client relationship officers, Anne Brookes and Clive Batchelor, and two portfolio managers, Gordon Campbell and Peter Meckiff.

These moves in the wealth management sector during April 2024 reflect the dynamic nature of the industry and the strategic decisions made by key players to enhance their capabilities and offerings.