Old Mutual International
Flora Chan has joined Old Mutual International, part of Quilter, as head of distribution development for the Hong Kong domestic market, with responsibility for expanding its reach in the adviser market.
She will also seek out new business opportunities and enhance OMI’s position as a provider of high-quality solutions that help meet the varying needs of high net worth (HNW) and affluent clients.
Chan joins from MetLife, where she was a senior sales manager with responsibility for leading the account management and distribution development of the broker channel.
Prior to that, she spent 18 years at Generali Worldwide Insurance Company as a sales manager where she focused on the support of advisers and development of business in the domestic market.
She will work alongside Ivy Lee, head of business development for Hong Kong and reports in to Mark Christal, chief executive for OMI in Hong Kong.
Guernsey Finance
Guernsey Finance is set to take a broader role in the development of the island’s financial services sector through the permanent appointment of Andy Sloan as deputy chief executive, strategy.
Sloan has been acting director of strategy on a part-time secondment from the Guernsey Financial Services Commission for the past nine months.
He now joins permanently to oversee the development of a jurisdictional-wide financial services strategy, in line with the role set out in the Committee for Economic Development’s recently approved economic vision.
Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has hired Lillian Boyle as its chair with effect from 1 July 2018.
Boyle previously served as deputy chair of the authority. She is a Scottish lawyer, a trust & estate practitioner and a fellow of the Chartered Securities & Investment Institute (CISI), the Chartered Insurance Institute (CII) and the Institute of Directors.
She has been chairman of the Manx Insurance Association, president of Isle of Man CISI and CII branches and served on a number of joint government and industry forums.
The authority said it would like to thank the outgoing chair, Geoff Karran, for his years of service and leadership.
Carrick Wealth
South Africa-headquartered advice firm Carrick Wealth has appointed Paul de Waal to head the company’s local (onshore) division. This follows his promotion to director: wealth and advisory.
De Waal joined Carrick Wealth in November 2015. He currently also sits on the investment committee representing the local investment houses to ensure that they meet Carrick’s high standards of transparency, benchmarked success, consistency and reputation.
Tiller
Recently launched online wealth manager Tiller has expanded its team with a raft of senior hires.
John Bennett joins as head of business development and Mark Cadby as chief technology officer.
Bennett has more than 25 years’ experience working in sales and business development roles. Prior to joining Tiller, he was a partner at quantitative risk management start up QLAB Invest, a quantitative multi-asset index provider.
Cadby has more than 30 years’ experience in the IT industry, working in both project management and IT management roles for international financial institutions, software houses and as an independent consultant.
Tiller has also appointed Hamish Haddow as head of marketing and Marcus Dutton as product and innovation director.
Haddow joins Tiller from Hargreaves Lansdown, where he worked across channels generating leads and accounts, while Dutton joins from DMS Bank and Trust, where he was head of card services.
Nikko Asset Management
At an extraordinary shareholders’ meeting, Nikko Asset Management confirmed the appointment of Mari Yamauchi as an outside director, meaning someone who is not employed by the company.
With Yamauchi’s appointment, Nikko AM’s board of directors numbers 10, being three executive and seven non-executive directors.
Since April 2014, Yamauchi has been a visiting professor at the Doshisha University Institute for Technology, Enterprise and Competitiveness focused on management and employment systems.
Prior to this, she held roles at Morgan Stanley and JP Morgan Securities Japan, and served as managing director and head of products and services for the wealth management unit at UBS Securities Japan.
M&G Prudential
M&G Prudential has made several changes to its senior leadership team in preparation for its planned demerger from Prudential.
M&G Prudential was formed in 2017 through the combination of M&G Investments and Prudential’s UK & Europe life business.
A spokesperson said the changes reflect the growing integration of these units over the past year and will prepare M&G Prudential to operate as an independent business.
Anne Richards, currently chief executive of M&G Investments, is resigning from this role and from the board of Prudential effective from 10 August 2018, following the delivery of the group’s 2018 half year results, to take up a new senior leadership position in the financial services industry.
She will become chief executive of Fidelity International in December 2018.
Clare Bousfield, currently chief executive of Prudential UK, will become chief financial officer of M&G Prudential.
John Foley, chief executive of M&G Prudential, will take on the additional responsibilities of becoming chief executive of the key regulated entities of M&G and Prudential UK.
Integrafin
Integrafin, the holding company for platform Transact, has announced that non-executive chair Patrick Snowball will be appointed to the board of Provident Financial as non-executive chair with effect from 21 September 2018.
Following this announcement, Snowball expressed his intention to step down from the chairmanship and the board of Integrafin Holdings before the end of the year.
In due course, the board of Integrafin will provide an update regarding plans to replace Snowball.
Hawksmoor Investment Management
Andrew Little has joined Hawksmoor’s investment management team from WH Ireland in London.
Little has more than 13 years’ experience in financial services and will join the team in Exeter following a relocation to the south-west with his young family.
In addition to working at WH Ireland, he has worked at Cannacord Genuity Wealth Management and Barclays Wealth.
Plurimi Wealth
As part of its succession plan, Plurimi Wealth, the London-based independent wealth manager, has promoted Fahad Khan to deputy chief executive, with the aim of him becoming chief executive in the medium term.
Khan, who joined the firm in 2013, is currently a senior partner and will focus on building the business organically and expanding into new markets.
Prior to joining Plurimi, he was an executive director at Morgan Stanley Wealth Management, where he focused on servicing the Nordic and CIS market.
He will now work alongside Ramzy Rasamny, Plurimi’s founder and chief executive.
Following Khan becoming chief executive, Rasamny will focus on the firm’s international expansion starting with Plurimi’s Dubai operations.
Chase de Vere
Chase de Vere, the independent financial advisers, has appointed Brad Packham as a research analyst to its investment management team.
Packham, who will be based in the company’s Bath offices, will work with investment team head Ben Willis and assistant head Justine Fearns.
The Hong Kong Insurance Authority
Clement Cheung has been hired as the chief executive of the Insurance Authority (IA) for a term of two years, starting from 15 August 2018.
IA chairman Moses Cheng said Cheung is a seasoned officer with rich experience in public administration and proven leadership and management skills.
“I have confidence that he will ably lead the IA to collaborate closely with all stakeholders to seamlessly transit to the direct licensing regime for insurance intermediaries and continue building up the IA as a dynamic and effective regulator,” Cheng said.
Cheng thanked the incumbent chief executive, John Leung, for his contributions to the IA.
