PEOPLE MOVES: Barings, BlackRock, Deutsche Bank…

Added 17th May 2016

Barings chief investment officer is to depart just two months after it was announced that the firm will merge with three other MassMutual affiliates. BlackRock has named a new chief investment officer in Japan, while Deutsche Bank has appointed a global head of M&A.

PEOPLE MOVES: Barings, BlackRock, Deutsche Bank…


Chief investment officer Ken Lambden is to leave Barings two months after it was announced that the firm is to amalgamate with three other groups.  

US-based MassMutual announced in March that its four asset management affiliates would combine under the Barings brand; namely Baring Asset Management, Babson Capital Management, Cornerstone Real Estate Advisers, and Wood Creek Capital Management.

Having joined Barings in 2014, Lambden was previously chief executive of Schroders’ Australian business, responsible for the firm’s equities, fixed income, and multi asset teams.


Takeshi Fukushima has been named chief investment officer for BlackRock Japan, replacing Shinichi Kawano who is departing to pursue other interests.

Fukushima, who was previously chief investment officer for Tokyo-based GI Capital Management’s investment advisory group, will report to Belinda Boa, Asia Pacific head of active investments, and Yoshiyuki Izawa, Japan chairman and chief executive.

Deutsche Bank

Thomas Piquemal has joined Deutsche Bank as global head of mergers & acquisitions and chairman of corporate and investment banking in France. He was previously group senior executive vice president at electricity company EDF Group.

Based in Paris, Piquemal will report to Jeff Urwim, head of corporate and investment banking. 

BMO Global Asset Management

BMO Global Asset Management has expanded its European distribution team with the appointment of Otto Donner as sales director for the Nordic region with immediate effect.

Based in Stockholm, Donner joins from East Capital Asset Management where he was head of sales for the Nordics and responsible for the coverage of institutional, wholesale, and retail clients across the Nordic countries, the Baltics, and the UK.

State Street Global Advisors

SSGA has strengthened its ETF business globally by restructuring its leadership team. Jim Ross, current head of SSGA’s SPDR (Standard & Poor’s depositary receipt) ETF business and intermediary distribution, has been named chairman, Global SPDR and SSGA Funds Management. 

Nick Good, current chief operating officer of the North American intermediary business group, and Rory Tobin, current head of European distribution, will now each become co-heads of Global SPDR. 


Tai-Kuan Ly has been named president director of Chubb’s general insurance operation in Indonesia. Ly will report to Juan Luis Ortega, regional president, Asia Pacific.

Ly replaces Edward Ler who will return to Singapore after two years in Indonesia and will continue in his role as regional head of personal lines, Asia Pacific.

Newton Investment Management

Matt Pumo has been appointed head of UK consultant relations at Newton Investment Management, part of BNY Mellon. He joins the institutional business development and marketing team, working alongside Ross Byron-Scott who has a global remit, reporting to recently appointed global head of distribution Julian Lyne.

Pumo joins Newton from Neuberger Berman where he was responsible for developing investment consultant relations in the UK and Europe. He previously held roles at Gartmore Investment Management and Liontrust Asset Management.  

Cayman Islands Monetary Authority

CIMA has appointed retired insurance company executive Garth MacDonald to its board of directors. MacDonald will replace Greenlight Re’s Brian Murphy who has appointed to the board but later withdrew due to a lack of availability.

MacDonald was chief executive of Island Heritage Insurance between 2007 and 2013, having moved to the Cayman Islands in 1994.


Ashley Alder, chief executive of Singapore’s Securities and Futures Commission (SFR), has been appointed chair of the board of the International Organisation of Securities Commissions (Iosco).

The Iosco board is made up of 34 securities regulators around the world and is the governing and standard-setting body of Iosco, the international policy forum for securities regulators. Iosco members regulate more than 95% of the world’s securities markets in more than 115 jurisdictions.  

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