Investec
Chief executive Stephen Koseff, managing director Bernard Kantor and risk and finance director Glynn Burger are considered to be part of the founding members of Investec, having steered the group for almost 40 years.
As part of Investec’s succession plan to move to the next generation, Koseff and Kantor will step down from their roles on 1 October 2018. From that date until 31 March 2019 they will continue to serve as executive directors and, from 1 April 2019, they will become non-executive directors.
Burger will retire on 31 March 2019. He will become a non-executive director on certain subsidiary and associate boards.
On 1 April 2018, Fani Titi, who has been a non-executive director since 2004 and chairman since November 2011, will become joint chief executive designate with Hendrik du Toit, founding chief executive of Investec Asset Management.
Du Toit will remained at the helm of Investec AM until 30 September to ensure a smooth transition.
Kim McFarland, chief operating officer and chief financial officer at Investec AM will succeed Burger as group finance director on 1 April 2018.
Ascot Lloyd
Graham Bentley has been named independent chairman of IFA firm Ascot Lloyd’s investment committee. He will be responsible for chairing quarterly investment meetings to review all areas of the firm’s centralised investment proposition.
He joins Ascot Lloyd having held various senior roles including long-term positions at Henderson, M&G, and Old Mutual.
Since 2013, Bentley has run his own investment marketing consultancy gbi2, working with clients in the UK and Europe.
Expacare
International medical insurance provider Expacare has appointed Andrew Apps to the newly created role of channel distribution and marketing manager. He will report directly to Expacare executive chairman Tony Ratliff.
App joins the firm with over 35 years senior sales and marketing experience, spanning the medical insurance and reinsurance industry. The past 27 years have been spent within the international sector.
Mercer
Mercer has made three senior appointments to its wealth and investments business in Asia.
Janet Li has been named Hong Kong-based wealth business leader for Asia. She assumed her role on 2 January and is responsible for leading the firm’s wealth advisory and delegated implementation team, including investments and retirement.
The firm added it had also promoted Adeline Tan to the role of wealth business leader for Hong Kong on 1 January. She replaced Billy Wong, who is now Mercer’s health business leader for Hong Kong.
Tan joined Mercer in Hong Kong in 2014 as head of investment advisory and later expanded her oversight to include retirement advisory within Mercer’s wealth business.
In addition to Li and Tan, Mercer also appointed Simon Coxeter as a principal in Mercer’s hedge fund and equity boutiques. Based in Singapore, he is responsible for evaluating multi-asset and equity strategies.
Sanlam UK
Sanlam UK has appointed David Mason as chief operating officer to lead the development of the firm’s operational platform. Mason will report directly to chief executive Jonathan Polin and sit on Sanlam UK’s executive committee.
Mason brings with him over 20 years’ experience leading digital innovation projects in wealth management markets across the globe. He has spent the majority of his career with Barclays Wealth and has held a number of senior roles.
Columbia Threadneedle
Don Jordison, managing director of Threadneedle Property Investments, is to retire and leave Columbia Threadneedle on 1 May.
John Willcock, property finance and commercial director, will assume Jordison’s role, reporting to Michelle Scrimgeour, Columbia Threadneedle’s Emea chief executive.
Jordison has held the managing director role for the last 10 years and had been with the group for 24 years.
