The latest moves in wealth management across the UK, Europe, Middle East and Africa.

South Africa-based Nedgroup Investments, overseeing $24 billion of assets under management, has named Nick White as head of UK and European distribution.

Nedgroup Investments said it will bring in new team members in due course as part of a European business build-out.

White previously worked at Carmignac, where he was a partner, and head of discretionary business development. He has over 16 years’ experience in the industry having also worked for Martin Currie Investment Managers and Invesco Perpetual. He is based in Nedgroup’s London office, where he will work with wealth managers, fund of funds and family offices.

Nedgroup Investments employs 30 staff in Europe and 150 in South Africa, and was set up in 1996. It has offices in Cape Town, Johannesburg, Durban, London, and the Isle of Man.

JP Morgan
JP Morgan has appointed Maya Prabhu, a 10-year veteran of Coutts, as managing director and head of wealth advisory for its Europe, Middle East and Africa region.

Prabhu will be based in London leading a team providing succession planning, family governance and next-generation development to clients across the region. She will report to the region’s chief executive, Pablo Garnica.

Prabhu most recently served as MD and head of Coutts’ wealth advisory services. Prior to that, she worked at New Philanthropy Capital and The Prince’s Trust.

Garnica said that the firm is gaining an “industry award-winning wealth advisor who brings further depth to our advisor team laser focused on providing goals-based, individualised advice to clients across EMEA.”

Prabhu will take over from Paul Knox who was instrumental in bringing Prabhu into the practice, the firm said. Knox led the bank’s wealth advisory practice for the past eight years, and will move into advising the group’s largest family offices across the UK and EMEA.

“Having known Maya for many years, I am excited to welcome her to the firm as a colleague,” Knox said. “Maya’s experience and passion in wealth advisory is well known in the industry, and her esprit de corps fits in perfectly with the JP Morgan culture.”