Standard Life Investments
Standard Life Investments has appointed Richard Pereira to the newly-created position of investment director within the Insurance Solutions team.
He will be based in London and report to Stephen Acheson, executive director, global strategic partnerships. Richard will enhance the capabilities of Standard Life Investments to support, strengthen and grow the insurance asset management business with clients around the globe, said the company.
Richard joins from JP Morgan where since April 2010 he was executive director (Insurance & Pensions Solutions), responsible for advising institutional clients on investment strategy, investment and risk solutions and managing insurance assets under Solvency II.
Hargreaves Lansdown
Mike Evans, chairman of Hargreaves Lansdown, has announced he will be stepping down as soon as a successor has been identified.
This morning’s announcement to the stock market came alongside the firm’s Q2 trading update, which reported net new business of £3.3bn over the four-month period to 30 April.
Evans joined the Hargreaves Lansdown board as a non-executive director in September 2006 and became chairman in December 2009.
Evans added that chairing the group over the past eight years had been “a real privilege”.
Franklin Templeton
Franklin Templeton Investments has hired Martyn Gilbey as its new UK country head, effect 1 August 2017.
He will be based at Franklin Templeton’s London offices and he will be leading the local team to further develop the firm’s retail and institutional businesses in the UK and offshore territories. He will report to Vivek Kudva, managing director, EMEA and India, at Franklin Templeton Investments.
He joins Franklin Templeton Investments from Aberdeen Asset Management where he was most recently head of UK distribution, leading a team of 40 and supporting approximately £200bn of client assets, invested across all major asset classes.
Previously he worked for Scottish Widows Investment Partnership (SWIP) where he was Head of Wholesale Distribution. Prior to that, he worked for Mirae Asset Global Investment, where he held the position of global chief marketing officer, based in Hong Kong and then London
Beaufort IM
Beaufort Investment Management has appointed Peter Cousins to the role of investment manager.
The hire is part of the latest expansion effort by the discretionary fund manager (DFM), which currently oversees £700m under management across 42 model portfolios.
Cousins leaves behind a 17-year career at Brewin Dolphin’s Reigate office, managing discretionary and advisory portfolios, primarily, for high net-worth private clients.
The Chartered Institute for Securities & Investment (CISI) chartered fellow has also held roles at Schroders and Fidelity Investments.
In his new role, Cousins will concentrate on advising high net-worth private clients.
First State Investments
First State Investments has appointed two executives for its North Asia distribution team. Gladys Chan has joined the firm as a director for North Asia private bank distribution, while Bonnie Chun joined as an associate director for intermediary business.
Chan was previously from Deutsche Asset Management, where she was a vice president and head of retail for Hong Kong for the firm’s global client group, while Chun was a senior sales manager at Invesco Asset Management.
HSBC
HSBC’s commercial bank has appointed Sheldon Wong as the new head of its middle market financial sponsors (MMFS) team in Asia-Pacific.
He will be responsible for managing and hiring specialist bankers in leveraged and acquisition finance to support mid-size financial sponsors that raise local, regional or global private equity funds ranging from $250m to $3bn, and that seek to acquire companies with enterprise values from $50m to $500m.
