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PEOPLE MOVES: Close Brothers, Deutsche Bank WM, Phoenix Group

Asset manager names CEO, while wealth firm hires south east Asia head

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Close Brothers 

Adrian Sainsbury has been promoted to chief executive at Close Brothers. 

He will take on the top job on 21 September 2020, as he succeeds Preben Prebensen. 

Sainsbury joined the firm in 2013 when he took on the role of chief executive for the commercial division, and was then promoted to managing director of the banking arm in November 2016. 

Deutsche Bank Wealth Management 

The wealth management business of Deutsche Bank has hired Shang-Wei Chow as head of south east Asia. 

He joins from HSBC Private Bank where he served as a managing director and market head for Singapore and Malaysia.  

Phoenix Group 

Savings and retirement business Phoenix Group has named Michael Eakins as chief investment officer, subject to regulatory approval. 

In the newly created role, he will be responsible for driving the responsible investments proposition and managing assets in line with ESG principles.    

Eakins is currently at Reassure, which was acquired by Phoenix Group in December 2019, and will make the move once the M&A deal is finalised. 

Progeny  

Tim Thompson-Rye has been promoted to chief technology officer, a newly created position. 

He was previously the marketing director for the financial planning firm. 

Asset Management One International (AMOI) 

The UK-based asset management company has appointed Mario De Bergolis as chief operating officer for Emea. 

He will be responsible for overseeing the firm’s operational functions across the business. 

De Bergolis was previously at Aberdeen Standard investments, where he worked as global head of strategy and business management, client & multi-manager solutions. 

Boodle Hatfield 

Law firm Boodle Hatfield has hired Matthew Bennett as a partner within its private client division. 

He joins from Fladgate where he held a similar position. 

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