PEOPLE MOVES: MFSA, Nomura, Marlborough

Malta regulator names CEO, as bank expands Asia wealth operation

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Malta Financial Services Authority

The regulator has appointed Kenneth Farrugia as chief executive, with effect from 12 April 2023.

Farrugia was previously director general at the Internal Audit and Investigations Department (IAID) and as director of the Financial Intelligence Analysis Unit (FIAU).

He takes over from Michelle Buontempo, who held the position of acting chief executive for the past months.

Nomura

The banking group has appointed Rudolf Hitsch as head of north Asia for its international wealth management business.

In this newly created role, Hitsch will be based in Hong Kong and responsible for international wealth management’s client relationship management teams covering north Asia.

Hitsch was head of north Asia at Citi Private Bank.

Marlborough

The DFM firm has named Danny Knight as commercial director and Nathan Sweeney as chief investment officer of multi-asset.

Knight will have an initial focus on further strengthening Marlborough’s multi-asset investment proposition for financial advisers in the UK and internationally.

He joins from Quilter Investors, where he was a director of multi-asset and latterly head of investment proposition.

Sweeney’s appointment follows the promotion of Sheldon MacDonald to chief investment officer in January.

He joined Marlborough as deputy chief investment officer of multi-asset in 2021.

Capital Group

The asset manager has hired Arne Toelsner as head of client group for Germany, Switzerland, and Austria, effective immediately.

He was most recently as head of distribution for Germany, Switzerland, and Austria at Allianz Global Investors.

O-IM

The investment manager has named Tom Hind as a business development director.

Hind joins O-IM from Stellar Asset Management.

Reyl Intesa Sanpaolo

The banking group has appointed Richard Albrecht as head of wealth management.

Prior to joining Reyl Intesa Sanpaolo, he was head of French-speaking Switzerland as a member of the WM European committee at Deutsche Bank.

Evelyn Partners

The wealth management and professional services group has bolstered its Edinburgh office with the appointment of Duncan Arthur as financial planning director.

He joins from Blackadders Wealth Management in Dundee where he was director of financial planning.

Impax Asset Management

The specialist asset manager has appointed Matt Carter as director of UK intermediary distribution.

He joins Impax from Sarasin & Partners, where he was responsible for the distribution of thematic funds and outsourced investment solutions to financial intermediaries.

Calton Wealth Management

The wealth manager has named Laura Bruce as a non-executive director and Trevor Mitchell as an IFA.

Bruce brings a wealth of experience in financial services, including with the wealth management and private client teams at Barclays and Bank of Scotland.

Mitchell joins CWM from GRC Financial.

Dimensional Fund Advisors

The global investment firm has strengthened its team in northern Europe.

Kevin Hudson-Phillips, a 12-year veteran of Dimensional’s London-based global client group, has transferred to the firm’s Amsterdam office to work with investors in the Nordic and Benelux regions.

He is a regional director and vice president.

Atomos

The wealth manager has appointed Jon Taylor as chair, taking over from Alison Endemano.

Taylor previously sat on the wealth manager’s board as a non-executive director. Endemano had been chair since Oaktree Capital Management invested in Atomos in May 2022.

He has held several senior management roles within financial services including being chief executive of both Ascentric and Co-operative Insurance.

Guinness Global Investors

Tom Pearson has joined the investment firm as sales director for the southwest of England.

Before joining Guinness, Pearson was regional sales director at Crux Asset Management for five years.

STM Group

The cross-border financial services provider has announced Graham Kettleborough has tendered his resignation as a non-executive director of the company and as chair of the group’s UK subsidiary companies.

The resignation will take effect from 28 April 2023.