Cazenove Capital
Cazenove Capital has named Mary-Anne Daly as its chief executive in the UK, filling the role left vacant after Andrew Ross became global head of wealth management at the firm’s parent company Schroders earlier this year.
Daly joined Cazenove in 2001 and has remained with the firm throughout its acquisition by Schroders and the firm’s buyout of C. Hore & Co’s wealth management unit.
Legg Mason
Active asset management firm Legg Mason has appointed Alexander Barry as head of UK sales. He will be based in London and start in August 2017, reporting to Justin Eede, head of Europe and Americas distribution.
Barry will lead Legg Mason’s distribution of a range of actively managed, UK and Dublin-domiciled equity, fixed income and alternative investment funds to the UK wholesale and institutional market.
He joins from JP Morgan Asset Management where he spent nearly 20 years in various sales positions, most recently as senior relationship manager for Global Strategic Relationships.
Investec Asset Management
Matt Evans will be joining Investec AM as portfolio manager of the Investec UK Smaller Companies Fund after the summer of 2017. He will form part of the Investec Quality Team, co-headed by Simon Brazier and Clyde Rossouw.
Evans joins from Threadneedle where he has co-managed the Threadneedle UK Smaller Companies Fund and Threadneedle UK Mid 250 Fund, since December 2013. Prior to this, Evans spent 14 years at Legal & General Investment Management as a UK equities fund manager specialising in the small cap sector.
Financial Conduct Authority
John Griffith-Jones, chairman of the FCA and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his term of office on 31 March 2018.
He was appointed as the first FCA chair with effect from 1 April 2013 and became chair of the PSR when it was established in April 2014. Griffith-Jones’s term of office at both organisations expires on 31 March 2018.
HM Treasury will now commence the process for recruiting to replace him as FCA chair.
Monetary Policy Committee (MPC)
The Bank of England has appointed Silvana Tenrayro as an external member of the MPC, which sets the UK interest rates. She replaces Kristin Forbes, who was one of three policymakers to vote to raise interest rates at the most recent MPC meeting.
Tenrayro was most recently a professor of economics at the London School of Economics (LSE). She holds UK, Argentine and Italian citizenship and will take up her new role on 7 July.
