PEOPLE MOVES: River & Mercantile, Matthews Asia, Investec

River & Mercantile shakes up top team, Matthews Asia appoints CFO from BNY Mellon, Investec names Europe MD

PEOPLE MOVES: KPMG, Investors Trust, Carrick

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River and Mercantile

River and Mercantile has shaken up its top team and promoted its asset management founder to deputy group chief executive.

James Barham’s newly created role gives him responsibility for all the commercial business lines of the group, including Solutions and Asset Management.

Barham founded River and Mercantile Asset Management in 2006 and was its chief executive until 2014, when the firm merged with investment consultant and fiduciary manager P-Solve, recently rebranded to River and Mercantile Solutions.

Barham will continue to report to Mike Faulkner, group chief executive, whose focus will remain on accelerating investment research and development.

Jack Berry, head of River and Mercantile Solutions, moves to a new role “designed to leverage the group’s macro thinking around markets to help design strategies for clients with more complex needs to exploit these conditions most effectively”. Berry set up River and Mercantile’s Derivatives business. He now reports to Barham.

Kevin Hayes, chief financial officer, will add the leadership of the global solutions business to his responsibility.

Matthews Asia

Lindsay Wright has joined Matthews Asia as head of Asia and global chief operating officer.

Wright joins from BNY Mellon where she was co-head of investment management and head of distribution, Apac for BNY Mellon.

In this newly created role, Wright will be responsible for overseeing the firm’s Asia-based businesses.

Based in Hong Kong, she will help develop and execute the firm’s long-term strategic plans and assume responsibility for the oversight of its business activities and operations in Asia.

Investec

Investec Asset Management has appointed Richard Haxe as managing director of the firm’s European client group, demonstrating Investec Asset Management’s commitment to its growing client base across the region as it continues to expand its presence in Europe.

Haxe will lead Investec’s European business and presence. He will be responsible for business development, client management and investor engagement across Europe.

He joins from Wellington Asset Management, where he served as head of relationship group for the Emea region.

FCA

The UK’s Financial Conduct Authority (FCA) has appointed Sheldon Mills as its director of Competition.

Mills is currently senior director, mergers and state aid at the Competition and Markets Authority.

Neuberger Berman

Investment manager Neuberger Berman has created the role of head of southern Europe to persuade Alberto Salato to leave BlackRock.

Based in Milan, Salato oversees client coverage across Iberia and Italy, reporting to Dik van Lomwel, head of Emea and LatAm.

For Blackrock Investment Management, Salato was managing director and head of institutional of the Italian business for more than a decade.

Prior to that, he was with Franklin Templeton Investments, having begun his career with JP Morgan Private Banking in Milan.

BNP Paribas

BNP Paribas Asset Management (BNPP AM) has named Florian Schoeps as ETF and Index Solutions Sales Trader.

Based in Munich, Shoepps reports to Claus Hecher, head of business development for Germany, Austria and the German-speaking areas of Switzerland.

Schoeps joined BNPP AM from MAEG Munich ERGO Kapitalanlagegesellschaft, where he was a senior relationship manager.

Berenberg

Berenberg has hired fund manager Tim Albrecht. Currently at DWS, Albrecht will join Germany’s oldest private bank as head of German equities in wealth and asset management on 1 January 2019.

Thesis

Thesis Asset Management has appointed Hannah Holden as head of marketing from WHIreland group.

Holden oversaw the development and launch of a marketing strategy for both the wealth management and corporate & institutional broking divisions of WHIreland. Prior to that, she led the Emea marketing team for Wells Fargo Asset Management.

Holden reports into director of marketing and business development Lawrence Cook.

PIMFA

The UK’s Personal Investment Management and Financial Advice Association has appointed Tracy Davidson, Myles Marmion and Penny Lovell to its board.

Tracey Davidson is currently the chief executive of Heartwood Wealth Management Limited, a Handelsbanken Group subsidiary.

Myles Marmion is chief financial officer for Ruffer.

Penny Lovell is chief executive of The Private Office and the Sanlam UK executive committee in 2017.