Who's Moving Where In Wealth Management? - Finantix, FCA, Others

Editorial Staff

23 September 2019

Finantix
, an investment firm with offices in London, New York and Chicago, has announced that its chief executive, William Priest, will step down from 1 April 2020.

Under the change, Priest will become Epoch's executive chairman and will continue to lead the investment team and serve as co-chief investment officer. He will also retain his portfolio management responsibilities, including his lead portfolio manager role with Epoch's Global Choice and Global Absolute Return strategies.

Philipp Hensler, Epoch's president and chief operating officer, will become the firm's chief executive. He has had extensive leadership experience at asset management firms globally. His earlier background as a portfolio manager imbued him with an investment-oriented perspective that aligns with Epoch's investment-centric culture.

“Investing remains my lifelong passion," said Priest, who helped found Epoch in 2004. “Best practice suggests a separation between the 'business of investing' and the 'business of the investment business.' This evolution of duties will allow me to focus solely on the former function. I will continue to lead the investment team and focus on our clients' portfolios.”

Epoch, which was formed in 2004, is the steward of £29 billion ($36.2 billion) in client assets under management as of 30 June 2019.

Collas Crill
Offshore law firm has promoted senior associate Jennifer Colegate to counsel in its Cayman office. She joined the firm's dispute resolution team in July 2017, specialising in cross-border insolvency and restructuring.

Colegate has experience in advising on the restructurings of various structured products that were adversely affected by the financial and liquidity crises, across a number of jurisdictions. In addition to her work in private practice, Colegate has extensive experience of working with banking clients, following secondments in both Hong Kong and London. She joined the firm on 18 September.