UK
Rory Gilbert has resigned from UBS Wealth Management in London and has joined Barclays Wealth in a role thought to be that of a managing director in Barclays Wealth’s UK private bank.

Mr Gilbert will work with Edward Chadwyck-Healey who joined Barclays Wealth at the end of last year from UBS Wealth Management where he was deputy head of the UK high net worth business.

Mr Gilbert will join in late summer 2007 and be based in London. He will report to Mark Kibblewhite.

At UBS Mr Gilbert was on the high net worth desk and reported to Emmanuel Fievet, head of UK domestic for UBS Wealth Management.

Prior to his stint at UBS Mr Gilbert worked at Goldman Sachs.

HSBC Private Bank has appointed Rupert Allison, Nick Milne and Nancy Ross from Barclays Wealth to its Wealth Management and Investment Group, which advises on ultra high net worth wealth structuring for UK and international clients.

Mr Allison joins as a director, having worked with some of Barclays Wealth's top clients. He was also a team leader and member of the management committee. His previous experience includes roles at Indosuez Gartmore and MIM Britannia, before joining BZW Portfolio Management.

Mr Milne will also join as a director and has spent the majority of his career with Barclays, most recently as a private banker at Barclays Wealth. He originally worked for De Zoete & Bevan, and then BZW Portfolio Management following the acquisition by Barclays. He was a director and team leader of BPB Investment Management UK.

Ms Ross comes to HSBC Private Bank as an associate director having been a relationship manager at Barclays Wealth. She previously worked in the investment industry in Canada.

Equity Trust has suffered two senior defections from its Guernsey business.

Chris Le Pelley, managing director of the Guernsey operation and Guernsey-based director Rick Le Brun have both left, the company has confirmed.

Phil Austin, managing director of Equity Trust in the Channel Islands told WealthBriefing that a search was underway to find their replacements.

Clariden Leu in London has set up a new desk for Israeli clients. The new desk head is Anthony Bodenstein, who recently joined Clariden Leu from HSBC in London, where he reported to the head of Ultra High Net Worth Offshore.

At Clariden Leu, Mr Bodenstein will report to Graham Stapely, managing director.

It is understood that the Zurich-based bank is looking to hire more people for the new Israeli team.

UK asset manager, Threadneedle, is expanding its investment management team by appointing a new head of Equities, head of Fixed Income and chief risk officer.

Dominic Rossi has been promoted to head of Equities, responsible for the management of all equity desks. Prior to this role, Mr Rossi was the head of International Equities and held management responsibility for all non Pan-European equities.

William Frewen is to join the company in July as head of Fixed Income responsible for the management of all bond desks. Along with managing the team he will focus on helping grow Threadneedle’s fixed income business.

Mr Frewen previously worked at Nomura, where he was head of Fixed Interest Trading and deputy head of Capital Markets. Before Nomura, he worked at HSBC, JP Morgan, Credit Suisse First Boston and Chemical Bank.

Philip Best has been appointed as chief risk officer, a new role at Threadneedle.

Mr Best was formerly head of Risk Management at UFJI (formerly Tokai Bank ), and prior to this was director of Market Risk at Abbey National Treasury Services and Director of Trading Risk at Hambros Bank.

These three hires will form the senior Investment Management Team reporting to chief investment officer, Sarah Arkle.

Standard Bank has appointed Linda McLaren as European development manager as part of its IFA distribution strategy.

Based in the Isle of Man, Ms McLaren will be developing new IFA relationships around Europe and will include developing distribution for the bank’s range of products and services, including offshore banking and investment products.

Prior to her appointment with Standard Bank, Linda worked with Fortis Intertrust in the Isle of Man.

Fortis Private Investment Management has appointed Mark Rushton as head of corporate development and marketing and Chris Alexander as head of research. Both will be based in London.

Martin Portnoy has been recruited as a tax partner at the Manchester office of Ernst & Young. His new role involves heading up the firm’s real estate group in the North West, as well providing corporate and personal tax advice to entrepreneurs and their businesses.

Mr Portnoy will also use his specialist knowledge of real estate investment trusts to advise entrepreneurial businesses, property companies, and high net worth individuals.

He trained at PricewaterhouseCoopers, before gaining a further nine years experience in the tax advisory field, initially at the former global advisory firm Andersen, and latterly at the Manchester office of Deloitte.

Henderson Global Investors has appointed Jill Hodges as hedge fund sales manager, reporting to Alastair Barrie, director of global hedge fund sales.

She joins from Mt Thaler Investment Management where she was director of marketing responsible for sales, marketing and investor relations for European clients.

Renaissance Investment Management has hired Daniel Broby as chief investment officer and executive director at Renaissance Investment Management, based in London. He will be co-chair of the RIM investment committee and the new products committee.

Bank of Ireland Asset Management has appointed Carl McAndrew, head of business development for the past four years, as managing director of the company’s UK business.

Before joining BIAM, he worked for Credit Suisse Asset Management - where he was vice president of institutional marketing - and Nomura Asset Management.

UK-based insurer Standard Life is to launch a high net worth business to be led by former Williams de Broe chief executive Richard Charnock who joined Standard Life Investments at the end of February.

Standard Life is in the process of recruiting a team for the high net worth business, although it will not be operational for some months.

David Gillies – a manager in PwC’s private client team – is to lead a dedicated private client unit at Beaconsfield chartered accountant Harwood Hutton.

Beat Wittmann, ex-chief executive Investment Products and member of the executive board of Zurich-based Clariden Leu is to join Julius Baer at the beginning of 2008.

“We are confident that Mr. Wittmann will be able to apply his considerable talents with great effect at Bank Julius Baer, and we look forward to his joining,” said Johannes de Gier, group chief executive.

Mr Wittmann is the last in a long list of senior executives that have left the Credit Suisse Group recently to join Julius Baer. This includes Alex Widmer, chief executive Private Banking, and Boris Collardi, chief operating officer, at Julius Baer.

Messrs Widmer and Collardi have taken the lead in the major restructuring of Bank Julius Baer including the integration of the private banks, Banco di Lugano, Ehinger & Armand von Ernst and Ferrier Lullin, together with specialist asset manager GAM purchased from UBS.

Martin Klaus who has headed Clariden Leu’s Business Development unit at Investment Products since 1 January 2007 will take charge of the Investment Products division on an interim basis.

Mr Klaus has been responsible for a number of Bank Leu units, including Trading, Investment Funds, Structured Products, Financing, and Asset & Liability Management.

St Gallen-based Wegelin & Co Private Bankers has elected three new unlimited liability managing partners and for the first time has also elected seven partners with limited liability from within its ranks.

According to the bank, this move reflects the successful growth of Wegelin in the past few years and acknowledges the new partners’ contribution toward this result.

From 1 July 2007, Christian Hafner (head of the Zurich branch), Dr Adrian Künzi (head of the Geneva and Lausanne branches) and Dr Christian Raubach (head of Institutional Clients) will assume responsibilities as managing partners with unlimited liability.

Complementing these appointments are the election to partner with limited liability of: Rolf Kaufmann (Zurich branch), Werner Krüsi (head of Client Advisors St Gallen), Daniel Leveau, (head of Quantitative Strategies), Patrik Rüthemann, (head of Structured Products), Martin Schenk (head of the Berne branch), Christoph Schwalm (head of IT) and Oliver Widmer (head of Trading).

Barclays Wealth has hired Catherine Blanc into its Investment and Product Office based in London.

Ms Blanc joins from HSBC Private Bank, Geneva where she was head of Emerging Markets.

Ms Blanc will report into Brian Cordischi, Barclays Wealth's managing director, head of Investment Management.

Zurich-based Stanford Group (Suisse) has appointed Barbara Hauser and James Thompson to its Private Wealth Advisory team, a group dedicated to the specialised advisory services for ultra high net worth individuals and families.

The two join Felicity Keller who leads the company’s Private Wealth Advisory team.

Ms Hauser specialises in family governance, education, family offices, business succession and legacy planning.

Mr Thompson was recently head of marketing at Rothschild in London and was previously at Cazenove and Warburg.

HSBC Private Bank (Suisse) in Geneva has appointed Ian Le Metayer as desk head of diamond merchant clients.

Mr Le Metayer, who will join the bank on 1 July, has spent the last 13 years with Merrill Lynch, initially as a financial advisor in Paris and since 1997 with the Swiss operation in a variety of roles, including head of advisory investments.

HSBC Private Bank in Geneva has confirmed that Beatriz Sanchez has been appointed head of Private Banking, Latin America.

This was formerly a joint role that Ms Sanchez held with Joao Luiz de Medeiros.

Ms Sanchez is also a member of the executive committee of the Private Bank and reports to Chris Meares, global head of HSBC Private Bank.

Bank Vontobel has appointed Daniel Wittmer as head of the Private Banking Special Clients.

Before joining Vontobel, he spent 10 years at the private bank Rüd Blass & Cie, of which he was the chief executive from 2003 to 2006. Prior to that, Mr Wittmer worked for the Zuger Kantontalbank for 10 years, where he was responsible for serving wealthy private clients.

Tasheer Gulam, the Geneva-based Global Head of the non-resident Indian business at Barclays Wealth has resigned.

Mr Gulam was responsible for building teams in London and Geneva and establishing the business in Dubai.

Mr Gulam was at Barclays for three years, having begun his career in banking with JP Morgan in New York as a trader.

He went on to HSBC Private Bank where he was a key player in establishing a Geneva business for their Global South Asia Diaspora team, prior to being tapped for the global role at Barclays.

Merrill Lynch has appointed three new financial advisors to its Global Private Client group in Switzerland.

Anne-Sophie Tourrette, Andrei Khorochilov and Delphine Perrella join Merrill Lynch Bank (Suisse) in Geneva to focus on onshore European ultra high net worth clients.

Ms Tourrette worked for five years as a senior private banker with Julius Baer in Geneva focusing on ultra high net worth clients. She also gained extensive private client experience in positions with Crédit Européen/ING and Crédit Lyonnais in Luxemburg, Paris and New York.

Ms Perrella has five years experience in the financial and legal industry. Before joining Merrill Lynch, she worked as a wealth planner for UBS in Geneva, specialising in succession planning and tax law.

Mr Khorochilov has experience at ING Bank and JSC Inkombank, where he was involved in trade finance and project management.

All three will report directly to Michelle D’Ancona, head of Europe and Swiss Market Leader for Merrill Lynch Bank (Suisse).

US
Citi Private Bank has hired three bankers in San Francisco.

Charles Leitzell joins as a director from JPMorgan Securities. Prior to JPMorgan, Mr Leitzell spent more than 15 years with HSBC Securities.

William Butler joins as vice president and private banker from Mellon's Private Wealth Management group.

Vishal Wadhwa joins as vice president from Wells Fargo Private Bank in the Bay Area. Before Wells, he was with Bank of America Private Bank. He began his career with JPMorgan Chase Bank.

The new joiners will report to Leigh Wasson, Northern California region head for Citi Private Bank.

Citi Private Bank recently lost James Herlihy to Deutsche Bank Private Wealth Management, where he is now a managing director and private banker in San Francisco.

Canadian-owned wealth manager Dundee Wealth Management has changed its name to Dundee Wealth: the firm thinks the new name more accurately reflects diversification in the business and its subsidiaries.

Simultaneously, David Goodman has been appointed president and chief executive and Ned Goodman has relinquished his executive roles, but remains chairman of the board.

First Republic has appointed Susan Carlson managing director at the firm’s office in Portland, Oregon, where she will work with high net worth individuals and families providing private banking, private business banking, investment management and trust services.

Before joining First Republic, Ms Carlson was vice president and manager of Homestreet Capital in Portland.

Northern Trust has opened a financial and banking centre in Wheaton, Illinois, bringing the number of its personal financial services locations to 85 in 18 states; they now total more than any other private bank serving the affluent, according to the bank.

The new office will offer private banking, investment management, financial planning and trust and estate planning services. Scott Cross has been appointed managing director.

Sovereign Bank of the US, has named executive vice president Rosalin Acosta as managing director of its wealth management division.

Based in Boston, Ms Acosta will oversee a team providing wealth management and private banking services to individual, corporate and institutional clients throughout Sovereign's geographical area of operations.

Signature Bank, a New York based private bank with 19 offices and $5.2 billion in assets recruited two former JP Morgan Chase bankers to head a new office in Brooklyn.

Former JP Morgan small business relationship team members Theresa Pellegrino-Hoeffel and Michael Donohoe were named president and vice president respectively for Signature Bank in charge of the new Borough Park location to open in Autumn this year.

The head of the Merrill Lynch’s private banking and investment group in Chicago, Michael Madigan, has left the bank.

Mr Madigan had been in charge of the group for over a year having replaced Nick McClanahan. He had been at Merrill since 1998 and was previously at Prudential Securities, now part of Wachovia’s retail brokerage unit.

Mr Madigan reported to Devon Baranski, who was appointed western managing director in a restructuring at Merrill's private banking unit in the US last November.

Steven Pisarkiewicz, the head of the Bank of New York’s asset management arm, is leaving ahead of the company’s merger with Mellon Financial.

He will rejoin his previous employer, AllianceBernstein, as national managing director in the asset manager's new global family office group. He will report to Richard Bindler, who was named head of the new group.

Pisarkiewicz’s duties at Bank of New York will go to Bruce Van Saun, head of the bank’s market-related businesses, and Larry Simon, vice chairman of Ivy Asset Management, a Bank of New York hedge fund affiliate.

Former senior managing director in charge of KeyCorp’s private client business, William Caster, joined Mellon Financial Corporation’s Private Wealth Management group as Ohio’s regional president.

Based in Cleveland, Mr Caster will report to Larry Hughes, Mellon Private Wealth Management executive vice president.

Before joining Mellon, Caster had leadership responsibility for KeyCorp's Wealth Management and Trust Group high net worth business in the Midwest, Rocky Mountain, and Northwest regions.

New York-headquartered Jefferies Group has hired Michael Munson, Wesley Caywood and Jim Park as managing directors in the firm’s private client services unit.

Mr Munson joins in Boston from Thomas Weisel Partners, while Mr Caywood and Mr Park will start an office in Dallas.

First Republic Bank of the US, a provider of wealth management, private banking and
private business banking services, has appointed San Francisco-based William Espey managing director of First Republic Wealth Advisors.

Prior to joining First Republic, Mr Espey was a director of Citigroup Private Bank for nine years.

Before that, he was vice president and private banker at Wells Fargo Private Client Services in San Francisco.

Michel Tremblay has become National Bank of Canada chief operating officer in its personal and commercial banking and wealth management division. Mr Tremblay was previously senior vice president - personal banking and wealth management.

The promotion is part of a wider management restructuring at the Canadian bank after Louis Vachon, previously chief operating officer, has become president and chief executive officer.
The PrivateBancorp has appointed former First Midwest Bancorp private banking branch president, Alan Fine, managing director of The PrivateBank Chicago.

Wealth manager First Western Trust Bank has announced that Lou Clinton will head the firm's locations throughout Colorado.

As president, FWTB Colorado, he will be responsible for all Colorado operations and for maintaining First Western's growth there; it currently has three offices, with plans to expand to Boulder and other Colorado locations.

Bear Stearns’ Investment Advisor Services has appointed Christian Widen and Murali Balasubramanian, as managing directors on the IAS east coast sales team.

Both will report to Chris Nastopoulos, managing director and head of sales for IAS.

Prior to joining Bear Stearns, Mr Widen was a vice president at Fidelity Investments’ Registered Investment Advisor group.

UK-based Thames River Capital has appointed James Beddall as European sales executive.

Based in Luxembourg, Mr Beddall will be responsible for developing Thames River's presence throughout Benelux as well as in the French institutional market place.

Mr Beddall joins from Credit Suisse Asset Management where he helped establish the mutual fund sales and distribution business in the Benelux region. He held various positions which included responsibility for all their mutual fund business in Benelux, France, Spain, the UK, Nordic and Central & Eastern European markets.

Prior to this he was with JP Morgan Asset Management where he held a range of European sales roles.

ETF Securities is continuing to expand its European sales team with the appointment of Michael Geister with responsibility for German and Austrian sales.

He will work alongside Tim Harvey, ETF Securities’ current dedicated German securities specialist, appointed earlier in 2007.

SGI-management, a specialist multi-manager of smoothed growth funds, has launched a European operation with the appointment of Stig Eriksen as managing director for Europe, based in London.

Mr Eriksen’s background, at Prudential Financial, Goldman Sachs Asset Management and most recently with Cazenove Capital, is seen by the company as allowing them to target both a European and an international offshore investor base.

Icelandic bank Glitnir has appointed Raimo Valo from rival Svenska Handelsbanken to head up its investment and asset management operations in Russia.

Mr Valo, who is currently head of Svenska's operations in Russia and the former CIS countries, will take up his new position in August. He was involved in setting up the Moscow branch and served as its managing director from 2004.

Christian Netzer has been appointed co-general manager, along with Willi Heigl, of the Munich branch of Liechtenstein-based VP Bank.

Verwaltungs-und Privat-Bank was founded in 1956 and has subsidiaries in Zurich, Luxembourg, and the British Virgin Islands, as well as asset management companies in Munich and Dubai, and representative offices in Moscow and Hong Kong.

Middle East and Africa
SG Private Banking Middle East has appointed François Farjallah as head of the Near East and Mediterranean.

Based in Dubai, he will report to Patrick Thiriet, chief executive of SG Private Banking Middle East.

Mr Farjallah spent the last nine years with Credit Suisse, most recently heading its presence in the Levant countries. Prior to this, he was a senior private banker with Credit Suisse in Geneva.

Lloyds TSB has announced that it has appointed Bert de Ruiter as managing director for its Dubai based Middle East operations. Mr de Ruiter has worked with Lloyds TSB for over ten years.

Prior to his role as wholesale banking director of Lloyds TSB Middle East, he was senior head of Lloyds TSB corporate banking in the Netherlands.

Merrill Lynch has beefed up its Global Private Client business in the Middle East with the appointment of two financial advisors, Anthony Rawlinson and Lara Shukralla, who both join from Noor Capital.

Mr Rawlinson joins the Dubai-based branch of Merrill Lynch Bank (Suisse). Prior to taking up his new role at Merrill Lynch, he was head of Investment Banking for Noor Capital in Abu Dhabi.

Lara Shukralla joins Merrill Lynch’s Global Private Client business in Bahrain as a financial advisor. She also joins Merrill Lynch from Noor Capital in Abu Dhabi, where she was the head of the wealth management department and the head of the Marketing Committee.

South Africa head-quartered Investec Asset Management has bolstered its Africa team with the appointment of Julien Veron as research analyst. Mr Veron joins from Credit Suisse, where he spent ten years as a sell-side analyst covering a range of sectors from healthcare to food. Before that, he spent four years as a credit analyst at Nedbank.

Asia
Credit Suisse is expanding it cash equity sales franchise for Asia, ex-Japan, with the appointment of 20 country- and product-specific specialists.

The Swiss bank has appointed Mark Sandeford as head of the London desk covering Asian ex-Japan equity sales and trading. Mr Sandeford, a managing director, moved from the bank's cash trading business in Hong Kong.

He is joined in London by Tom Scott, who will cover hedge fund sales. Mr Scott, a director, joins from JP Morgan where he focused on Asian equity sales.

Josh Meyer and Chulantha De Silva join as directors in New York. Mr Meyer, previously with Macquarie Securities, joins the Taiwan sales team while Mr De Silva, who joins from Citigroup, adds to the Indian equities sales force.

Also joining from JP Morgan are William Han as a director in the general sales team in Hong Kong and Jonathan Jenkins, who joins as a director in the general sales team in Singapore.

Ruben Zamora, formerly of UBS, joins the general sales team in Singapore as a director.

Credit Suisse has also expanded its India sales team by hiring three vice presidents in Mumbai: Kunal Bajaj, Sangram Singh and Anjali Bharvani.

In Hong Kong, the bank has hired four vice presidents to support Hong Kong/China, absolute return and hedge fund sales: Sharon Jiang, Gillian Wang, Kevin Leung and Jeffrey Shiu.

The London desk has added two vice presidents - Paul Shin and Chris McGoldrick - to cover Korea sales and general sales, respectively. They will be joined in New York by Patricia Ahn, a Vice President supporting general sales, and in Jakarta by Carl Reading, a vice president supporting Indonesia sales.

John Cobb and Andrew Barclay, both based in Auckland, have been appointed co-heads of Goldman Sachs JBWere (NZ), replacing chief executive Lance Jenkins who is leaving next month.

Mr Cobb joined the firm in 1992 as a private client advisor. He was appointed head of the New Zealand private wealth management business in 2000.

Mr Barclay joined the firm in 1999 and has 15 years experience as an investment banker in both New Zealand and Australia. He is currently managing director and co-head of the New Zealand investment banking team alongside David Cameron-Brown.

Alex Thursby from Standard Chartered Bank in Singapore has been appointed to head expansion-minded ANZ’s new Asia Pacific division; he will join as ANZ's group chief executive for the region at an as yet unconfirmed future date.

Beijing-based Huaxia Bank, in which Deutsche Bank and German private bank Sal Oppenheim own a combined 13.98 per cent stake, said its board has approved the resignation of its chairman Liu Haiyan.

ING Private Banking in Asia has appointed Hou Wey Fook as its chief investment officer, effective immediately.

Mr Hou who will report to Renato de Guzman, chief executive of ING's private banking business in Asia and to Gregory Shore, chief investment officer of ING's global private banking operations, was previously at Lion Capital Management, where he was head of global equities and external fund managers.

Prior to his stint at Lion, Mr Hou was chief investment officer of OCBC Asset Management.

Michael Smith, president and chief executive officer of Hongkong and Shanghai Banking Corp, will be leaving the group with effect from 15 June and will be taking up a new role as chief executive of Australia and New Zealand Banking Group starting on 1 October.

Mr Smith will succeed John McFarlane who will leave ANZ on 30 September.

Mr Smith is also currently chairman of Hang Seng Bank and chairman of HSBC Bank Malaysia. He is also the global head of commercial banking for the HSBC Group.

Betty Deng has been named by Deutsche Bank as its head in China. Her appointment is regarded as a major strategic appointment for Deutsche since she was previously Citi’s US deputy chairman, lead branch manager and co-head of public sector in China.

International
International private client law firm Withers has, for the first time, elected a corporate lawyer as chairman.

Anthony Indaimo, currently head of the firm’s Milan office, takes up his post with effect from 1 July 2007.

According to the firm, the election of Mr Indaimo is a reflection of the international nature of the firm and the commercialisation of the private client sector.

The firm says that Mr Indaimo’s appointment reinforces its commitment to advising high net worth clients and entrepreneurs with sophisticated personal and business needs in all the major financial centres of the world.

In the US, wealth planning lawyer Bill Swift, who is currently joint managing director becomes regional senior partner.

Eric Schwartz, co-head of Goldman Sachs investment management division and a member of the investment bank's management committee, is retiring this summer, according to an internal memorandum. His fellow co-head, Peter Kraus will continue as sole head of the unit.

Mr Schwartz was co-head of Goldman’s equities division before assuming the asset-management post in 2003.

Following the appointments of Richard Baldock as executive vice chairman and David McLellan as group chief executive officer, Rothschild Trust has made further appointments.

Matthew Le Flocq has been appointed group chief operating Officer; Britta Pfister has been appointed global head of wealth planning and Chris Schallenberger has been appointed managing director at Rothschild Trust, Switzerland.

Martin Pollock will be joining Rothschild Trust Bermuda as managing Director. Michelle Wolfe is to leave Rothschild in Bermuda.

Mr Le Flocq joined Rothschild Trust in 1993 and has worked in Guernsey, Zurich and Geneva.

Ms Pfister joined Rothschild Trust in 2000 and was head of Wealth Planning at Rothschild Trust, Switzerland. Prior to joining Rothschild, she was with PricewaterhouseCoopers in Zurich. She will continue to be based in Zurich.

Mr Schallenberger joined Rothschild Trust in 1989 and has been director of Operations at Rothschild Trust, Switzerland since 2001.

Mr Pollock was previously at Barclays Private Bank & Trust where he held a number of senior positions in Cayman, Geneva and BVI. Latterly he was managing director of their Cayman Trust Company.

Earlier this month, in a major re-structuring, Rothschild Private Banking and Trust appointed Veit de Maddalena as its new chief executive. Noland Carter, global chief investment officer and Stephen Skelly, head of the trust business left the bank in the shake-up.

Northern Trust has appointed Dawn Kendall as head of investments, international – a newly-created role within Northern Trust Global Investments’ London-based manager of managers business.

She joins Northern Trust from Integrated Alternative Investments - where she was investment director - and had previously been at Newton Investment Management, where she was a fixed income and derivatives investment manager.

Credit Suisse has appointed Cesar Perez as head of European Equities in Asset Management. He joins from M&G Investment Management where he was also head of European Equities.

Mr Perez will manage a team of eight European Equities team members based in London, Zurich and Paris and will lead the bank’s European equity business which has funds with approximately £2.1 billion in assets under management.

He takes over from Jeff Currington, who is leaving Credit Suisse and will report to Kim Goodwin, global head of Equities at Credit Suisse.