Allianz Global Investors
Global head of investments Deborah Zurkow will retire later this year, the firm has announced.
She has been at the firm since 2012, having joined to lead AllianzGI’s infrastructure debt capability. Zurkow then became head of private markets in 2016, before taking the global head of investments role in 2020.
AllianzGI said succession plans are underway which are likely to see public markets and private markets investment responsibilities separated. The firm said it recognises the growing maturity, scale and distinctiveness of the private markets business which Zurkow developed.
Hurst Point Group
The firm has appointed Andrew Westenberger to succeed Ian Gladman as CEO, as the founder becomes non-executive chair of the company.
Gladman founded Hurst Point six years ago, accumulating £10bn of assets under advice and management under his tenure, and acquiring Hawksmoor and Harwood Wealth.
Stonehage Fleming
The firm has promoted Nick Burchett to take on full management of the TM Stonehage Fleming Opportunities and TM Stonehage Fleming AIM funds as Paul Mumford steps into a senior fund adviser role.
Mumford created the Opportunities fund in 1988 and the AIM fund in 2005, and holds over 60 years of experience in the UK investment industry. He spent the majority of his career with Cavendish Asset Management until it was acquired by Stonehage Fleming in 2020.
GAM Investments
The asset manager has recruited Janus Henderson European equity trio Tom O’Hara, Jamie Ross and David Barker, to join GAM “in the coming months”.
O’Hara and Ross were co-portfolio managers of the Henderson European trust, which generated a share price total return of 64.3% over the past five years, compared to a sector average of 37.8%, according to the Association of Investment Companies. The Henderson European trust board announced the resignation of the duo this morning.
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