The week began with news of two departures. Minesh Gajjar, a director of fund research and investment strategy at Coutts & Co, left the bank. Rupert Yeoward, deputy head of wealth management at WHIreland left the firm.
Nick Miller, head of investment management supervision at the FCA told the PAM Annual Dinner that the regulator believes the UK wealth management sector is “critically important” both “socially and economically.”
Standard Chartered Private Bank appointed Demir Avigdor as managing director and market head, Africa & Europe. Mr Avigdor has spent over 16 years at UBS in a variety of wealth management, advisory and leadership roles, with a particular focus on high net worth clients.
Investment consultancy Asset Risk Consultants (ARC) launched an online tool designed to eliminate how an investment portfolio is performing vs ARC’s Private Client Indices and ARC Charity Indices peer groups.
Chief executive of European Wealth Group, John Morton, resigned from the board and company following the news that he was to take a leave of absence last week. Marianna Ismail takes over as chief executive.
Smith & Williamson appointed Matthew Finch to its outsourced investment services business development team as an associate director.
The sale of its wealth management business helped C. Hoare & Co boost its profits. However, its annual results show that when the business was sold it appeared to be profitable.
Quilter Cheviot, part of Old Mutual Wealth, hired three investment managers to its London office. Mats Arthursson, Suneet Kumar and James Gatehouse will form a new investment management team, bringing the total number of London-based investment managers to 69.
Freddie Pooter looked at some of the most musically talent individuals working in wealth management.
Rob Jeffree, a former chief investment officer at C. Hoare & Co, resurfaced at the London branch of Banque Transatlantique, the wealth management arm of CIC-Credit Mutuel, France’s fourth largest banking group.
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