PEOPLE MOVES: SJP Asia, AMP, Arbuthnot Latham

SJP adds two partners in Hong Kong including former Coutts discretionary management head, AMP chief brings forward resignation over lies to regulator and Arbuthnot Latham chief executive steps down unexpectedly.

PEOPLE MOVES: KPMG, Investors Trust, Carrick

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St. James’s Place Wealth Management Asia

Mark Woodward has accepted an invitation to join the St. James’s Place Partnership (SJP). Woodward has more than 20 years’ experience in the financial planning and wealth management sector having previously worked in China, Japan, and UK.

Most recently, he held the position of chief executive at Global Wealth Management where he was responsible for operations across China, Japan, south-east Asia and Europe. At SJP, Woodward will focus on providing wealth management services to affluent and high net worth expatriates in China.

Sally Wright will also be joining SJP. She recently held senior roles with UBP and Coutts in Hong Kong, including head of discretionary portfolio management Asia. She looked after private clients for Coutts for over 20 years and brings significant investment management experience to SJP Asia.

In joining the partnership, Wright will focus on providing wealth management solutions to high net worth individuals and families in Hong Kong.

 

AMP

AMP chief executive Craig Meller is stepping down immediately in light of evidence of misconduct uncovered by Australia’s Royal Commission.

He had been due to resign at the end of the year.

In a statement, AMP announced a number of measures in light of the revelation that it had lied to the Australian Securities and Investments Commission (Asic) more than 20 times, among other acts of misconduct.

Arbuthnot Latham

Ian Henderson is stepping down from his role as chief executive officer of Arbuthnot Latham & Co. on 30 April 2018 for personal reasons.

He will remain a director of Arbuthnot Banking Group until 31 August 2018 in order to provide assistance in the handing over of his role.

Henry Angest, group chairman and chief executive, said: “I would like to thank Ian for the work he has done as chief executive officer of Arbuthnot Latham & Co. The bank has grown significantly during his time here both in its size and in diversity of business and we are grateful for his contribution and wish him well for the future.”

Waverton Investment Management

Mary Haly has joined Waverton’s private client team as a senior portfolio manager and a director.

Haly joins from Coutts & Co where she headed a unit in their tailored portfolio services division. She has over 25 years’ experience in the financial services industry with a particular expertise in managing the assets of UHNW and complex clients.

She began her career at KPMG Peat Marwick Mclintock where she qualified as a chartered accountant. She subsequently worked at SG Asset Management, Baring Asset Management and Kleinwort Benson Private Bank before moving to Coutts in 2011.

Legal & General

Legal & General has appointed Robert Jamieson to the role of group chief digital and technology officer across the retail digital platform and Janine Menasakanian as head of distribution strategy, personal investing.

Both roles are newly created.

Jamieson, who reports to Mark Zinkula, chief exec at Legal & General Investment Management (LGIM), leads a new group-wide team managing Legal & General’s retail digital platforms, including LGIM’s workplace pensions and personal investing platforms.

He was previously chief operating officer of Legal & General Retirement (LGR) for over three years.

Menasakanian joins LGIM from Vanguard, where she was head of financial institutions. Her experience is in distribution strategy for global banks, asset managers and family offices. She reports to Helena Morrissey, head of personal investing.

Janus Henderson

Janus Henderson Investors has appointed Georgina Fogo to its executive committee as chief risk officer.

Currently global head of compliance at Blackrock, Fogo will join Janus on 2 July 2018 and be responsible for the oversight and development of the firm’s risk and compliance functions globally.

Her appointment follows the retirement of David Kowalski as chief risk officer in 2017.

John Hancock Retirement Plan Services

Patrick Murphy has been named chief executive, John Hancock Retirement Plan Services (JHRPS), part of John Hancock, the US division of Toronto-based Manulife.

Murphy, who is based in Boston and is JHRPS’ president, will replace Peter Gordon, who will be retiring from the company later in the year. His appointment is effective immediately.

Deutsche Bank

Management board member Kim Hammonds will be leaving Deutsche Bank by mutual agreement with the supervisory board on 24 May.

Hammonds joined Deutsche Bank in 2013 as co-head technology and operations and was promoted to group chief operating and member of the management board in August 2016. Her replacement will be nominated “in the near future following consultations with regulators”.

Guernsey Financial Services Commission

The Guernsey Financial Services Commission has made four appointments to its senior decision panel; Catherine Gibaud QC, Ben Hubble QC, Richard Jones QC and Alison Potter.

A senior decision maker hears cases involving findings of serious regulatory shortcomings against a licensee and/or individual directors and where those findings are contested.