PEOPLE MOVES: 7IM, Quilter Cheviot, UBS Wealth Management
CEO to retire at 7IM, Jersey hire for DFM and Asia change-up at Swiss wealth manager
CEO to retire at 7IM, Jersey hire for DFM and Asia change-up at Swiss wealth manager
CIO change at Vanguard, UK wealth manager names CEO and retail client solutions director exits Quilter
Changes at the top for AIG Life and further expansion in Singapore for The Fry Group
WH Ireland replaces departed chief executive Richard Killingbeck
WH Ireland appoints a chief operating officer from Brewin Dolphin, Aviva expands its emerging markets debt team and Metlife names a new head of its global employee benefits team.
WHIreland hires a new wealth planner for its north of England division as KBI names a new senior VP of business development. Miton poaches British Steel’s pension fund manager while a former Punter Southall employees returns to the firm.
WH Ireland shares soared after the City broker confirmed rumours that Kuwaiti European Holdings (KEH) was looking to acquire a stake in the business.
Wealth management businesses will look markedly different in five years’ time, says WH Ireland’s chief executive Richard Killingbeck.
Old Mutual Global Investors has replaced its China-focused fund manager who stepped down last month, while BNP Paribas Investment Partners has named a new advice head for Australia and New Zealand. First Names Group has filled its vacant chief executive role.
UK wealth manager WH Ireland has been fined £1.2m ($1.7m) and restricted for 72 days from taking on new corporate broking clients for failing to sufficiently protect against the risk of market abuse.
UK wealth manager WH Ireland said it is likely to face “a substantial fine imposed by the FCA,” following a Financial Conduct Authority review.
A move away from third-party administration and a continued reorganisation of the business has reaped rewards.