The Pensions Regulator
Lesley Titcomb, chief executive of The Pensions Regulator in the UK, will step down from her role in February when her contract comes to an end.
During her time as chief executive, the regulator has used anti-avoidance laws to force companies and owners to pay more than £1bn ($1.3bn, €1.13bn) into their pension schemes.
She has also overseen much of the process of automatic enrolment in which companies must enrol staff in a workplace pension.
Titcomb said she was stepping down to spend more time with her family and pursue new opportunities.
The Pensions Regulator chair Mark Boyle said the search for the chief executive role would start immediately.
Aviva Investors, the global asset management business of Aviva, has hired Paolo Sarno as head of wholesale, southern Europe.
Sarno will be based in Milan with responsibility for growing and managing Aviva Investors’ business across southern Europe, with a primary focus on Italy.
He is supported by the southern Europe client servicing team with plans to add further resources to serve Aviva Investors’ growing client base. He reports to TJ Voskamp, global head of wholesale distribution.
Sarno brings more than 12 years’ experience of developing and managing client relationships within the European investment industry. He joins from La Financière de l’Echiquier, where he was country head and launched the Italian branch.
Hawksford has appointed a money laundering reporting officer (MLRO), with more than 30 years’ experience in the police force as a law enforcement and financial crime investigator.
David Burmingham will be responsible for ensuring Jersey-based Hawksford, a private client and funds services firm, has a comprehensive and effective system to monitor and report on matters relating to anti money laundering and countering the financing of terrorism, including sanctions compliance, internal risk, regulation, legislation and controls.
He has direct responsibility for the deputy MLRO and five quality assurance officers.
Upon moving to Jersey in 2006, Burmingham began his career with the States of Jersey Police. From 2012, he was head of the police and customs joint financial crime unit.
He had responsibility for Jersey’s financial intelligence unit and an operational team conducting criminal investigations regarding serious fraud, financial crime and money laundering. The team included a customs & immigration confiscation team responsible for carrying out financial investigations pursuant to local drug trafficking investigations.
Two investment managers have joined wealth management firm Charles Stanley’s UK regional network.
Geoffrey Cooban has been appointed to the Birmingham private client investment team, while Kate Nathoo will be join the Guildford team.
Cooban has 25 years’ experience in the investment management industry. He specialises in bespoke management of equity portfolios, self-invested personal pensions, offshore bonds and charity accounts.
Prior to joining Charles Stanley, Cooban spent 16 years working at Quilter Cheviot. He is also an associate of the Chartered Institute of Bankers and a fellow of the Chartered Securities Institute.
Nathoo joins from Thesis Asset Management where she spent 16 years, reaching the level of client director. Prior to this, she worked for Daniels Holt as a founding partner in the business which pioneered fee-only discretionary management services for private clients.
London-based commercial law firm Edwin Coe has hired Stuart Hambling as a tax director.
Hambling has more than 20 years’ experience advising non-UK domiciled individuals, having worked within the expatriate services team at a “big four” firm, an international private bank and a global wealth management firm; focusing on US tax, UK tax and cross-border issues.
He works closely with offshore corporate trust companies to ensure efficiency, compliance and solutions to a variety of global tax and compliance challenges.
He also advises high net worth private clients, international banks and financial institutions, internationally mobile and non-domiciled individuals.
Tilney wealth management has hired Catherine Davies in the newly created role of head of talent, resourcing & development to support the business in attracting, assessing, recruiting, inducting, training and developing current and future colleagues.
Davies will report to Gaynor Gillespie, group HR director, and will be based in the company’s Mayfair office.
She started her career in financial planning as a branch manager for Abbey National prior to moving into PR & media relations for the bank.
In 2005, she set up her own interim business and has spent the last 13 years helping companies to consider their approach to people-related challenges. The companies she worked with ranged in size from nine people to over 80,000.