Chief executive Stefano Coduri has resigned with immediate effect amid reports that Swiss financial regulators have opened criminal proceedings against the Swiss private bank over links to Malaysia’s 1MDB fund.
His replacement has been named as Roberto Isolani, currently a member of the board of BSI.
The news also follows an announcement by the Monetary Authority of Singapore (MAS) that six current and former members of staff have been referred to the public prosecutor and BSI Bank is to shut down its operations in Singapore.
Mark Wiseman will join BlackRock as senior managing director and a member of the global executive committee (GEC) in early September. He joins from CPP Investment Board, where he served as president and chief executive, which manages approximately C$280bn (£147.1bn, $213.2bn, €190.1bn) on behalf of the Canada Pension Plan.
Wiseman will become head of BlackRock's Global Active Equity business and chairman of the BlackRock Global Investment Committee, the investment sub-committee of the GEC. He will also help support BlackRock Alternative Investors.
After 30 years with Aegon, managing director for retail Duncan Jarrett is to retire at the end of June, having joined Aegon predecessor Scottish Equitable in 1986 as a sales consultant.
Mark Till, currently managing director for customer value management, will take on an enlarged role within the UK as chief distribution and marketing officer. Till will have overall responsibility for Sales in addition to his current responsibilities for marketing, investments, digital and user experience.
BMO Global Asset Management
BMO GAM (EMEA) has expanded its European Equities team with the appointment of Phil Webster as portfolio manager, effective immediately.
He joins from Aberdeen Asset Management where he worked for over a decade, most recently in the role of senior investment manager on the pan-European equities team.
Standard Life Investments
Andrew Jackson, head of wholesale and listed real estate funds, has resigned from Standard Life Investments after 25 years. He will remain with the business until October 2016 to ensure there is a smooth period of transition.
Further, Svitlana Gubriy has been appointed head of Global REIT funds and James Britton appointed fund manager of the Global Real Estate Fund.
Gubriy joined SLI in 2005 and is currently fund manager for the Global REIT Focus Fund (SICAV), and deputy fund manager on the Global REIT Fund (unit trust). She will become fund manager of the unit trust.
Britton is fund manager of both the Standard Life Unit Linked Life Fund and the advisory South Yorkshire Pensions Authority mandate. He worked as portfolio manager on the Global Real Estate Fund from 2009 to 2013 managing a specific strategy in Brazil. He joined Standard Life Investments in 2006.
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