Financial Conduct Authority
Ashley Alder has been named as the chair of the UK regulator.
He is currently chief executive of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011.
Alder is expected to take up his role as FCA chair in January 2023. He is appointed for a five-year term.
The SFC has said it will start a recruitment drive for Alder’s successor soon.
Also, the UK regulator has appointed Anthony Monaghan as director of retail and regulatory investigations, which he has been covering on an interim basis since April 2021.
Karen Baxter will also join the FCA’s enforcement team as director of strategy, policy, international and intelligence.
AllianceBernstein
The global investment manager has named Kate Burke as chief financial officer.
She assumes this role while maintaining her role as chief operating officer.
Burke succeeds interim chief financial officer Bill Siemers, who will return to his prior role as corporate controller and chief accounting officer and remain on the firm’s operating committee.
She has stepped down from her role as head of Bernstein Private Wealth.
Onur Erzan, AllianceBernstein’s head of global client group, has been appointed head of Bernstein Private Wealth, in addition to his client group role.
HSBC Asset Management
The firm’s global head of responsible investing, Stuart Kirk, has resigned.
Kirk became HSBC AM’s global head of responsible investing last July after joining the business in 2020.
Prior to this, he was a journalist for the Financial Times and worked for DWS.
Credit Suisse
The bank has named Roger Suter as head of private banking Switzerland.
Suter is currently regional head central Switzerland.
He will take over from Serge Fehr.
Premier Miton Investors
The UK firm has recruited Georgi Koutsoumbos from Jupiter Asset Management to become business development manager to its wealth management distribution team.
Koutsoumbos will be responsible for client relationships and business development with wealth managers in the Midlands and southwest.
He was previously regional sales manager for the Midlands at Jupiter, having spent seven years at JP Morgan Asset Management before that.
Quilter
Chris Fautley has stepped down as chair of Quilter Financial Advisers.
Fautley was previously chief executive of Charles Darby before its sale to Quilter.
Quilter said in a statement: “We thank Chris for his time with Quilter since the acquisition of Charles Derby in 2019 and for his help integrating the business as part of Quilter Financial Advisers. We wish him all the best for the future.”
Investec Wealth & Investment
Faye Church has been hired as senior financial planning director at the wealth firm’s Guildford office.
She joins Investec from Close Brothers Asset Management.
JP Morgan Private Bank
The group has expanded its Middle East and North Africa adviser team.
Yazeed Mohammed Alsubeaei and Ghadeer Yusuf have both joined from Credit Suisse and Citi Private Bank, respectively.
Evelyn Partners
The wealth management and professional services group has hired adviser Catherine Glennon to join its Cambridge financial planning team.
She joins from Tees Financial, the IFA arm of regional law firm Tees.
Cazenove Capital
The Schroders wealth management subsidiary has hired Stephen Wilson as a portfolio director.
He joins from UBS, where he spent over five years as a senior member of the Newcastle and Leeds team, working with high net worth clients across the north of England.
Colmore Partners
Simon Hoult has joined the business as head of proposition, with responsibility for supporting its continued growth and development.
He was most recently chair of the advice committee at Punter Southall and head of its financial planning team in London.
AAB Wealth
The advice firm has expanded into Northern Ireland with the appointment of financial planner Alastair Moore.
Moore, originally from County Down, Northern Ireland, previously worked for AAB Wealth for 5 years in Aberdeen before leaving to relocate home to Northern Ireland.
