European asset manager Amundi has created a new global advisory board which will include former heads of state and prominent political figures.
Chaired by Hubert Védrine, France’s former foreign affairs minister, Armundi said the board will meet several times a year to discuss the economic and geopolitical outlook and its impact on financial markets.
The members of the board include Italy’s former prime minister Enrico Letta, Tatsuo Yamasaki who served at Japan’s vice minister of finance in the year to 2015 and Patrick Ponsolle, the former vice chairman of Morgan Stanley.
Helen Alexander, former president of the Confederation of British Industry (CBI)
Simon Fraser, former permanent secretary at the Foreign and Commonwealth Office
Maurice Levy, chairman and chief executive, Publicis Groupe
Jurgen Stark, former member of the executive board and the governing council of the European Central Bank
Isabel Tocino Biscarolasaga, former environment minister for Spain
Pictet Group’s private banking unit in Singapore has hired ex-Goldman Sachs managing director Dominique Jooris as its new chief executive.
Bank of Pictet & Cie (Asia), which launched in Singapore in 1995, has appointed Jooris to the role effective from 11 July.
Jooris will also serve as chief executive of Pictet Wealth Management’s South Asia division, reporting into Claude Haberer, who heads up the company’s operations in the whole region.
The appointment is subject to the approval of the Singapore authorities.
Jooris has held several positions at Goldman Sachs since joining in 2005, most recently as managing director. Based in Hong Kong, he was in charge of the bank’s credit capital markets in Asia.
Having worked in the industry for more than 20 years – 10 of which have been in Asia - Joori’s started out at JP Morgan with the mergers & acquisitions group.
Following the sale of Axa Wealth and the subsequent business restructuring, Axa has announced the chief executive of its Mediterranean and Latam operations Jean-Laurent Granier will step down next month.
The insurance giant said the move was part of a “career change” for Granier, who has also served as the chief executive of Axa Global P&C since 2012.
Having spent more than 26 years with the company, Granier has held a number of roles including as chief executive of Axa particuliers/professionnels.
He was appointed to his current role in 2010.
Meanwhile, Axa’s guaranteed drawdown provider has also announced a reshuffle of its distribution network in the UK.
Axa Life Invest has announced it is expanding its UK team by hiring Robert Higginbotham as its new regional sales managers. He joins the unit, from Royal London Pensions, bringing “extensive experience” in the financial sector and specialising in pensions and investments, according to the firm.
Higginbotham will oversee the liaison with professional financial advisers in central regions, including Wales, the Midlands, East Anglia and the South East.
Donovan Davey, Rob Fairbrother, Neville Hutchinson, Chetan Mistry, Matt Nelson and Neill Timbrell have all also been named as senior retirement specialists.
Association of British Insurers (ABI)
The Association of British Insurers (ABI) has announced a number of high profile board appointments including chief executive AIG in Europe and the UK, Anthony Baldwin.
Antonio Lorenzo, chief executive of Scottish Widows and group director for insurance at Lloyds Banking Group and Vibhu Sharmahead of UK insurance at Zurich will also sit alongside Prudential’s government relations czar Julian Adams.
UBS Wealth Management has named executive director Geoffrey Yu as the new head of UK investment office. Yu will replace Bill O’Neill who is set to retire at the end of July.
Having spent his entire career at UBS, Yu transferred from the investment banking arm of the business to wealth management earlier this year. He will retain his position as an ultra-high net worth investment strategist.
He will work alongside deputy head Caroline Simmons and cross-asset specialist Dean Turner.
Neptune Investment Management
Matthew Butcher has been named as the head of Neptune’s new discretionary management arm.
He will focus on providing discretionary fund management (DFM) to a limited number of high net worth individuals.
Charlie Parker, head of distribution at Neptune, said Butcher brings huge experience to the new venture, which is still in its planning phase.
Butcher, who joined the firm last year, also started SilverHill Consulting in 2015 following his departure from Dart Capital.
The DFM team will also include James Cliff, a former private client manager at Rathbones and Neptune’s deputy managing director, Richard Green, who was previously chief executive at Barclays Private Bank.