PEOPLE MOVES: T Rowe Price, Invesco Powershares, Man Group

Added 10th March 2017

Asset managers have been on a bit of a hiring spree with T Rowe Price and Invesco’s Powershares expanding their business development teams while Amundi and Man Group announce some internal promotions.

PEOPLE MOVES: T Rowe Price, Invesco Powershares, Man Group

T Rowe Price

Global asset manager T Rowe Price has decided to grow UK sales and client service team with three newly-created appointments.

Stephen McShane and Lee Ryan have moved over from Neptune Investment Management to focus on financial advisers across the UK. They will report to Matt Jenkins, head of UK advisory relationship management.

The third new recruit is Edward Tennant, who has joined from Lombard Odier, and will be responsible for building relationships with London discretionary accounts. He reports to Simon King, head of UK discretionary relationship management.

T Rowe Price has substantially bolstered its UK intermediary team over the past year, with King and Jenkins joining the group in 2016 from Woodford Investment Management and Neptune Investment Management respectively.

Invesco Powershares

Invesco’s ETF unit PowerShares has made two appointments to drive its business development in Switzerland and the UK.

Nima Pouyan, formerly vice president at Deutsche Bank Group, is now head of Invesco PowerShares Switzerland. While Ashkan Daghestani, who was head of the iShares business in the Channel Islands for BlackRock, is PowerShares’ business development director in the UK.

Both men will work closely with wealth managers, family offices, discretionary managers, asset managers, and institutional clients in the insurance and corporate space.

Man Group

Hedge fund Man Group has appointed Michelle McCloskey to a newly-created role of president, Man Americas.  McCloskey will work with the Americas sales team, under Eric Burl, head of Man Americas, to deepen Man’s relationships with investors across the Americas. She also remains President of Man FRM, and will continue to sit on Man Group's Executive Committee

Macquarie Group

Macquarie Group’s Delaware Investments has announced that John Leonard has joined the firm as head of equities. With more than 25 years of industry experience, Leonard is responsible for providing strategic oversight of the firm’s nine US-based equity investment teams.

Based in Philadelphia, he reports to Shawn Lytle, president of Delaware Investments. Leonard is a member of the global management committee led by Ben Bruck, global head of Macquarie Investment Management.

Amundi

Europe’s largest asset manager Amundi has appointed Bernard de Wit to head its Steering & Control Division taking over from Bernard Carayon. De Wit moves from his previous role as head of Support and Business Development, which has been filled by Guillaume Lesage.

Lesage was formerly deputy chief executive at Crédit Agricole Consumer Finance in charge of finance, IT, operations, insurance sales activities and institutional partnerships.

Meanwhile Bernard Carayon leaves the Steering & Control division to take up a new role as adviser to Amundi’s general management.

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Richard Hubbard

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Richard Hubbard is the group editor at Last Word. He is responsible for the editorial content of International Adviser, Portfolio Adviser, Expert Investor and Fund Selector Asia. Richard previously worked for Thomson Reuters and has covered the financial services industry and investment themes from its offices in London, Singapore, Hong Kong and New York. Richard started his career at the Australian Financial Review in Sydney.

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