Head of responsible investment Ben Palmer is set to leave the company in March 2023 after more than a decade.

He joined the investment manager in 2011 as a trainee and took on his current role in August 2020.

BW Sipp

Simon Foster will become chief executive of BW Sipp – Barnett Waddingham’s Sipp business – subject to regulatory approval.

He has worked at the company for three years as head of proposition and implementation. Prior to that, he had been with Zurich for 27 years.

Moneyfarm

The digital wealth manager has named dame Jayne-Anne Gadhia as chair.

She is the founder and executive chair of fintech firm Snoop and was the chief executive of Virgin Money between 2007 and 2018.

She is also chair of HMRC and a director at UniCredit.

Now: Pensions

Claire Bowyer has been promoted to deputy chief executive of the pension provider, part of the Cardano Group.

She has been with the group since 2009 and will continue to be group partner, director and general counsel.

Blackfinch

The investment manager has named Nicholas French as chief distribution officer.

He joins from Marlborough Group, where he served as head of adviser solutions and chief executive of the Select platform for three years.

Carey Olsen

The offshore law firm has promoted Alexa Saunders to head of trusts and private wealth in Jersey.

She joined the firm in 2011 and has been a partner within the trusts and private wealth team since 2016.

Nomura Asset Management

Julian Marks has become head of hybrid bonds within the asset manager’s fixed income team, based in London.

He spent the last 15 years at Neuberger Berman where he was the lead portfolio manager for the corporate hybrid bond strategy.

Channel Capital Advisors

The UK fund manager has appointed Bhoomika Kesaria as head of investor relations.

She joins from fintech investor firm Lendable.

Saffery Champness

The accountancy firm has made a series of hires and promotions across its Guernsey and Geneva offices.

Dominic Lawton-Smith joins as trust director from Crestbridge where he led the Cayman private client business.

Additionally, Sally Hunt and Sophie Walden have become senior trust officer and compliance manager, respectively, in Guernsey.

Also in Guernsey, Claire Tersigni and Simon Ricketts have been promoted to trust managers; Lily Simmons and Denise Brehaut to senior trust officers; and Caitlin Le Gallez to people and culture officer.

In Geneva, Alexia Laird and Saskia Scheelbeek have both been promoted to trust officers.

Tellworth Investments

The UK specialist equity asset manager has recruited Jamie Seed as an investment analyst.

Seed was previously at Jeffreries and Numis and specialises in UK large and mid-cap companies.

Rachel Yao, head of Asia trusts and private wealth at Carey Olsen, said that China’s investable assets were at around $40trn (£33.5trn, €39.5trn) at the end of 2021, and Singapore is becoming the jurisdiction of choice for servicing the wealthy.

But high net worth clients’ needs have evolved, she added, as they now require a much more encompassing range of services than before.

“HNWIs understand the urgency and importance of their children’s education and own business succession,” Yao said.

“Their needs have extended from personal needs to family, corporate and social needs so they will have increased requirements for external advisory services and expect to have a one-stop shop experience.

“For wealthy inheritors, we understand that they start with property and insurance, and then gradually expand to family trusts.”

‘Rising star’

Singapore is becoming very popular especially among newly-rich Chinese HNWs because of its tax incentives and highly regulated market, as well as exemptions available to single family offices.

“Singapore is definitely a rising star in the Asia private wealth market,” Yao said. “It benefits from a central location in Asia, good infrastructure and business connectivity, strong rule of law, sophisticated and highly regulated financial market infrastructure, and first-world standard of education and living.”

To put that into context, the number of family offices established in the Lion City skyrocketed in the last three years, from 27 in 2018 to 453 in 2021, Carey Olsen found.

Yao added: “Even though Singapore has recently tightened its family office rules, I haven’t really seen a lot of impact on any family offices as a result of these additional measures.

“For a lot of our clients, when they set up a family office in Singapore, their aim is to diversify their wealth with onward investment out of this region so, to the extent that they decide to make asset investments, they tend to cast their net quite wide and invest globally.”

Boris Johnson has managed to cling on to power after being hit with a different scandal virtually every week for at least the last six months.

But his grip on 10 Downing Street is getting more slippery by the minute, with at least 27 resignations in less than 24 hours.

These include Rishi Sunak, quitting as chancellor of the Exchequer, alongside health minister and former chancellor Sajid Javid. As a result, education secretary Nadhim Zahawi has been promoted to chancellor.

John Glen, economic secretary to the Treasury, is among the  more recent members of the government to hand in his resignation, having held onto the role since January 2018, during Theresa May’s government.

Julius Baer

The Swiss wealth management firm named Umang Papneja as chief executive of Julius Baer India, effective from 1 August 2022.

He will take over from Ashish Gumashta who will become executive chairman of Julius Baer Wealth Advisors (India).

Papneja will join from IFL Wealth Management where he serves as chief investment officer.

Downing

Roger Lewis has become head of ESG, a newly created role, at the investment management firm.

He was previously group head of ESG at River and Mercantile.

Chubb Life

The international life insurer has made three senior hires across its operations in Asia Pacific, which it recently acquired from Cigna.

Gail Costa will lead the New Zealand arm. She is currently chief executive of Cigna Life New Zealand.

Jack Cheng will become president of life insurance operations in Taiwan. He is currently president of Chubb Life Taiwan.

Additionally, Jee Eun Cho will take on the role of country president of life insurer Lina in Korea. She has led the Cigna business as chief executive since 2020.

Moneybox

The UK digital wealth platform named Caroline Murphree as managing director of investing, retirement and savings.

She joins from Wealthsimple where she recently served as chief executive for Europe.

Oak Group

The fund services provider recruited Diane Clarke as lead within its private client service team in the Isle of Man.

Most recently, she was part of the board at Crowe Trust Isle of Man.

Gam

Roland Mueller has taken on the role of senior investment manager, fixed income at the investment firm, based in Zurich.

He was previously at Bank J Safra Sarasin in Basel where he worked as a portfolio and client relationship manager for eight years.

Maps

Barclays UK chief executive Matt Hammerstein has taken on the role of chair of the Money & Pensions Service’s advisory group.

He will take over from Vim Maru who decided to step down after more than two years in the position.

Carey Olsen

Private client services provider Carey Olsen has bolstered its Singapore team with two hires.

Rebecca Lee joins as counsel from Maples and Calder where she served as a registered foreign lawyer. Wei Xun Toh has become an associate, after working as a solicitor at Clifford Chance.

ValidPath

Alex Wilson has been appointed as corporate finance director at the IFA network to oversee the financial side of the recently launched succession planning tool for financial advisers looking to retire.

He was previously head of acquisitions at Amacor Capital.

Capital Group

The international investment firm has hired Jaap Kraan as senior relationship manager for the Nordics and Netherlands to support continued growth in the region.

Based in Amsterdam, he has been tasked with developing relationships with institutions and intermediaries.

Jaap was most recently at NN Investment Partners where he was responsible for the coverage of Nordic investors.

The advice consolidator and fund management firm has named Patrick Goulding as chief financial officer.

Goulding joins from Kingswood, where he most recently held the position of group chief financial officer.

ANZ

Tim Hogarth has been named as chief technology officer of the banking group.

He was previously ANZ’s chief architect.

Titan Wealth

The DFM has named Tom Wooders as group head of sales.

Prior to joining Titan Wealth, Wooders worked in State Street’s strategic solutions, where he was responsible for new business development across State Street Global Services, Global Markets and Global Exchange business lines.

Tilney Smith & Williamson

The wealth management and professional services group has hired Chris Yardley as a financial planner in its London office.

He joins from Strabens Hall, where he spent five and a half years and worked as a client director.

Goldman Lampe

The UAE-headquartered private bank has hired Muhammad Fayez as executive director for relationship management.

Fayez joined Goldman Lampe from Barclays Wealth and Investment Management, where he served as director, private banker.

Natixis Investment Managers

The asset manager has appointed Darren Pilbeam as head of UK sales and Martin Herbon as head of global financial institutions.

Pilbeam will lead the combined UK wholesale and retail and UK institutional team.

Herbon will be responsible for accelerating the growth potential of Natixis’ GFI platform and working with colleagues to coordinate strategy across the globe.

Financial Conduct Authority (FCA)

While the search for Charles Randell’s permanent successor concludes, Richard Lloyd will act as interim chair of the UK regulator from 1 June 2022.

Lloyd is currently senior independent director of the FCA board, and is chair of the Independent Parliamentary Standards Authority and vice-chair of the Money and Mental Health Policy Institute.

Brewin Dolphin

The wealth manager has grown its team in Edinburgh with the appointment of investment manager Dennis McGrath.

He joins the firm from 7IM, where he was a team head looking after high net worth private clients.

Pictet Wealth Management

The firm has appointed Anthony Gao as head of philanthropy services, Asia.

Prior to Pictet, Gao served as the senior philanthropy adviser of the Asia Pacific client services team of UBS Wealth Management.

HSBC Asset Management

John Dewey has been named as head of alternative solutions, HSBC alternatives.

He joins from Aviva Investors, where he was most recently deputy chief executive at Aviva Investors France.

Trium

The family office-backed alternative investment manager has appointed Bogdan Popescu as director of its European business.

Popescu joins Trium following over 6 years at J O Hambro Capital Management, where he was European sales director.

iM Global Partner

The asset management network has expanded its business development team in EMEA with the appointment of Simon Frey as director, distribution in Switzerland and the promotion of Julien Froger to managing director, distribution Emea.

Frey joins iM Global Partner from Swiss Rock Asset Management, where he was head of sales and client relations.

Carey Olsen

The law firm has named Rachel Yao as head of its trusts and private wealth offering in the Asia Pacific region.

She has joined the firm’s Singapore office, having most recently led Taylor Wessing’s private wealth team in greater China.

Francesco De Ferrari will become chief executive of Credit Suisse’s wealth management division, effective from 1 January 2022.

He will also take on the role of ad interim chief executive of Emea. De Ferrari joins from AMP, where he served in a similar position from December 2018 to June 2021.

Additionally, Christian Meissner, chief executive of the investment banking arm, will become chief executive of the Americas.

Helman Sitohang and André Helfenstein have also been named chief executives of Apac and Switzerland, respectively.

Quilter Investors

Quilter’s multi-asset investment arm has hired Marcus Brookes as chief investment officer.

He joins from Schroders Private Wealth, where he held a similar role. He will be responsible for the company’s portfolio management desk.

Brookes succeeds Bambos Hambi, who will retire at the end of the year.

Allfunds

Ignacio Izquierdo Saugar has taken on the role of regional manager for Iberia and Latin America at the wealthtech firm.

He will be responsible for managing relationships with 278 institutional clients.

He succeeds Laura González, who headed the two regions on top of her role as global head of wealth management. González will now focus on Allfunds’ global expansion.

Saugar joins from Aviva, where he was chief executive of its Italian arm, and previously of its Spanish arm.

Mercer

The asset manager has made three senior hires within its investment teams.

Adam Lane and Jemma Beattie will join the investment advisory team as principals to meet growing demand from clients looking to refine their de-risking journey and investment strategies.

Alexa Shanks will take on the role of head of intermediary relations, a newly created position.

Lane was previously at PWC where he led the investment practice. Beattie was at Hymans Robertson, where she worked as an investment consultant as actuary; while Shanks was most recently at Invesco as a consultant relations director.

Blackfinch

The Gloucester-based investment firm has recruited Wayne Readshaw as executive business development manager.

He joins from Time Investment where he spent sic years as a senior business development manager.

Schroders Private Wealth

The advice joint venture of Schroders and Lloyds is expanding its presence across the UK with hired in Yorkshire and Oxford.

Mark Shay will lead the business development and partnership proposition in Yorkshire. He joins from Barclays Wealth, where he led business development across the north of England.

In Oxford, Benjamin Beck, Sophie Haslehurst and Katie Nutting have all taken on the role of financial adviser.

Carey Olsen

The offshore law firm has hired Stephanie Bernard as counsel in its trust and private wealth team in Bermuda.

Before joining, she worked at another offshore firm in Bermuda for 15 years.

Eastspring Investments

Prudential’s asset management business has recruited Stuart Wilson as head of sustainability.

He will be based in Singapore and his appointment will be effective from 10 January 2022, subject to regulatory approvals.

Wilson was previously at Australian superannuation fund Sunsuper, where he worked as head of responsible investing.

Mediolanum International Funds

The European asset management platform of Mediolanum Banking Group has appointed Jeremy Humphries as head of quantitative investments.

He will be based in Dublin. He joins from Davy Global Fund Management, where he worked as a portfolio manager.