Aberdeen Asset Management
Vance Duigan has been appointed chief operating officer, Asia Pacific by Aberdeen AM. He succeeds Andrew Narracott, who will retire later this year after a decade with the firm, reports online news provider AsianInvestor.
Formerly of Goldman Sachs AM, Duigan joined Aberdeen on 3 April in Singapore, reporting to Ian Macdonald, deputy head of Asia Pacific.
An Aberdeen spokesperson told AsianInvestor in an email: “In January, Andrew Narracott intimated his desire to retire from the industry. Andrew is currently helping to oversee a smooth transition as a director of Aberdeen Asset Management Asia, but will retire sometime before the end of the year.”
Aberdeen agreed an £11bn ($14.2bn, €13bn) merger with Standard Life in March that is expected to see a consolidation of headcount in regions where both firms have a presence.
Old Mutual Wealth
Old Mutual Wealth has appointed Tim Tookey as chief financial officer, reporting to Paul Feeney, chief executive of OMW, subject to regulatory approval. Tookey is currently a non-executive director of OMW and chairman of its audit committee.
Mark Satchel will become corporate finance director and act as deputy to Tookey. Satchel will remain a member of the OMW executive committee and a director of the board.
Tookey and Satchel will work together to prepare the business for the planned demerger and a listing on the London and Johannesburg Stock Exchanges, as part of Old Mutual managed separation process.
George Reid takes over from Tookey as interim chair of the audit committee.
Pictet Asset Management
Pictet AM has appointed Wendy Appleton as head of UK intermediaries, based in London. She will be responsible for developing the distribution business in the UK market and Ireland.
Appleton will focus on identifying opportunities with wealth managers, asset managers and intermediaries. She joined Pictet AM in 2008 as head of strategic partnership responsible for UK platforms.
Bupa Global
Bupa Global, the international health insurance arm of Bupa, has named Angus Slater as general manager, Bupa Global Asia Pacific. This new role brings together Bupa Global’s greater China and south-east Asia regions, to help deliver a more regional approach to product design and sales across our Asia Pacific geography.
In his new role, Slater will focus on establishing key broker relationships in the Asia Pacific region. He will also continue to lead growth opportunities across the business, bringing together expertise from Bupa Global, Bupa Hong Kong and Quality HealthCare, Hong Kong’s largest private clinic network.
He had been leading the Bupa Global greater China region on an interim basis since February 2017, while also maintaining his role of sales and commercial director for Bupa Hong Kong. Prior to this, Slater was marketing director for Bupa Global based in London.
Neuberger Bergman
Private, independent, employee-owned investment manager Neuberger Berman has appointed Jonathan Bailey as head of environmental, social and governance (ESG) investing. Bailey is based in New York and reports to Joseph Amato, president, Neuberger Berman.
In this role, Bailey will work with the firm’s investment teams and research departments to further incorporate ESG principles into the equities, fixed income and alternatives platforms. He will help portfolio managers consider ESG as part of their analytical approach to evaluating companies and markets. He will also chair the firm’s ESG investment advisory committee.
