St James’s Place
Former Schroders head of UK James Rainbow has taken on the CEO role at St James’s Place Wealth Management.
Rainbow announced the appointment on LinkedIn, while an SJP spokesperson also confirmed his appointment as chief executive of its wealth management legal entity.
He left Schroders in November 2024, having worked at the firm for 18 years in roles across distribution and marketing.
During his time at Schroders, Rainbow was CEO of the firm’s Personal Wealth arm for a year from 2018 to 2019, before becoming head of UK distribution.
Quilter
The firm has appointed Cat McInally as a tax and trust specialist, supporting advisers across the north of the UK.
With over 20 years of experience in financial services, McInally joins Quilter from M&G Wealth, where she served as an investment specialist. Before that, she spent 17 years at Prudential Assurance.
Reporting to Roddy Munro, head of technical sales, McInally will be part of an eight-strong ‘on the road’ team supporting advisers with complex tax and trust planning. The team delivers workshops, events, and one-to-one sessions to help advisers navigate the tax landscape.
Newton Investment Management
Euan Munro is stepping down from his role as chief executive officer.
In a post on LinkedIn, Munro confirmed his departure and thanked his former team and global client base.
Munro has been CEO at Newton IM since June 2021, after joining from the role of CEO at Aviva Investors.
Ortec Finance
The financial planning tech firm has appointed Mark Glover as managing director, head of UK wealth management.
Glover joins from HSBC, where he was global head of financial planning, bringing over two decades of leadership experience across wealth and retail banking to ‘spearhead the firm’s UK expansion’.
M&G
The asset manager has appointed Martin Towns as global head of its $42bn real estate business, as current head Tony Brown retires from his 35-year career.
Effective 1 July 2025, Towns will step up from his role as deputy global head of M&G Real Estate. He has spent 15 years at M&G, also in fund manager roles, and was instrumental in M&G’s entry into the residential sector in 2013, and the firm’s establishment of its capital partnerships business, Capital Solutions, in 2015.
Brown has spent 11 years with M&G and will be relocating to Australia after the handover of the business.
Morningstar
The company has named former Ninety One portfolio manager Michael Diamantopoulos as associate director, fixed income and currency.
He will work within Morningstar’s newly-created multi-asset research team.
Diamantopoulos spent over two decades at Ninety One, where he designed and managing global fixed income funds with a focus on emerging market debt before exiting in February 2024.
Prior to Ninety One, he was an analyst at MSCI.
Allspring Global Investments
The firm has named Kate Burke as its CEO.
She takes up the top job from current CEO Joe Sullivan in July, who will continue as Allspring’s board chair. Burke joined Allspring in 2023 as president and a director on the board.
With over two decades in asset management, Burke served as the chief operating officer and chief financial officer of AllianceBernstein.
GAM Investments
The asset manager has partnered with Gramercy Funds Management to manage all its emerging market debt strategies.
The arrangement comes as Paul McNamara, GAM investment director for EM debt, announced his retirement after 28 years in asset management.
He will remain at GAM to oversee the transition to Gramercy before retiring later this year.
Gramercy is an emerging market specialist, founded in 1998 and currently running $6bn assets.
See also: Professional investors targeting risk-on assets to meet retirement needs
