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PEOPLE MOVES: HSBC Life, The Fry Group, River & Mercantile

Insurer bolsters its Singapore distribution with triple hire, as advisory group imports international tax manager

PEOPLE MOVES: KPMG, Investors Trust, Carrick

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HSBC Life Singapore

Three senior appointments have been announced at HSBC Life as the business ramps up its manufacturing and distribution activities in the Lion City.

Kah Jing Lee has been named chief product officer, with Gajan Yogaranandan appointed chief risk office and Kapil Arora as chief financial officer.

Lee brings with him more than 10 years of life insurance experience and joins from Sun Life Financial Indonesia.

Arora has worked at HSBC since 2007 and at HSBC Insurance (Hong Kong) since 2014.

Yogaranandan joined HSBC Group in 2011 and most recently held the role of global market and credit risk manager.

The Fry Group

The financial advisory group has expanded its international tax team in Asia with the appointment of Peter Webb as international tax manager in Singapore.

He will move from The Fry Group’s Exeter office and take up the role on 1 October.

Before joining the group in 2014, he spent 17 years working for EY advising ultra-high net worth clients.

River and Mercantile

David Hanratty has been hired as global head of distribution at the investment solutions and asset management firm. He was previously managing director at Pioneer Investments and, before that, sales and marketing director at Janus’s UK wealth operation.

He will be responsible for the distribution teams across River and Mercantile Group.

Hanratty takes on the role from group chief executive James Barham who carried it out as part of his previous responsibilities as deputy group chief executive.

Punter Southall Aspire

The investment and savings firm has recruited Richard Cole from Hargreaves Lansdown to fill the role of director of financial planning in its Bedford office.

Prior to his seven years as a financial adviser at Hargreaves, Cole worked at Natwest Bank for 10 years as a private financial planning manager.

EFG Bank

Daniel Zürcher has been appointed head of independent asset management for the Swiss region. The bank views the IAM sector as one of the cornerstones of its global growth strategy.

He joins from Credit Suisse and will be responsible for and growing market share and coordinating teams in Lugano, Zürich and Geneva.

Charles Stanley

The wealth manager has appointed Jeremy Hippolite as head of asset management development with a remit to expand the firm’s asset management presence among professional intermediaries.

He will focus on increasing sales of the firm’s managed portfolio service on third-party platforms and reports to Steve Hill, head of intermediary sales.

Hippolite has 25 years’ experience and joins from Standard Life Wealth where he was head of international business development.

City Asset Management

The firm has boosted its IFA sales team with the hire of Mike Sharp as business development manager, who joins the firm after spending several years at product and service providers such as AJ Bell and Aviva.

Russell Investments

The global asset manager has hired Riccardo Stucchi as managing director, head of France. Based in Paris, he is responsible for driving the business strategy in France and reports to Joe Linhares, head of Emea.

Stucchi brings almost 25 years of experience with financial institutions in continental Europe. He joins from Blackrock in Paris, where he had most recently been head of financial institutions group (FIG) business development for France, Belgium and Luxembourg.

He will build on Russell Investments’ existing business and drive further growth across the retail and institutional French markets.

M&G Luxembourg

Micaela Forelli has been named managing director of M&G Luxembourg where she will be responsible for guiding the firm’s two business entities based in the country, effective immediately.

The role is in addition to Forelli’s existing responsibilities as head of Europe and global banks distribution and director of M&G International Investments.

The investment firm said that its Luxembourg-based businesses are “central to our plans to expand and deepen our wholesale and institutional presence in Europe and Asia”.

Premier Asset Management

Wayne Nutland has been hired as head of managed indexed solutions at the multi-asset investment manager.

He will start at Premier in October 2019 and joins from HSBC Global Asset Management where he is a senior fund manager and head of discretionary, UK multi-asset team.

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