AIG Singapore
AIG Asia Pacific Insurance (AIG Singapore) has appointed former Axa head Michael Bishop as an independent director to its board, the company has announced.
The appointment follows that of Shirish Apte and Isabella Loh, who were both named as independent directors of AIG Singapore back in October last year.
Bishop’s three-year tenure began 16 March and according to the firm he is expected to “bring an outside perspective and steer the company’s corporate strategy”.
In 2008, Bishop became chief executive of Axa Asia Pacific where he was responsible for both its life and non-life business in Asia until last year when he was replaced by Jean-Louis Laurent Josi, head of Axa’s Japanese unit.
Prior to that, Bishop held various roles at Prudential Corporation Asia from 1998, including that of managing director of the insurer’s operations in Korea, Hong Kong, Japan and Taiwan.
Deutsche Bank
Florian Drinhausen has been appointed as chief governance officer of Deutsche Bank’s newly created global governance function, it was announced today.
The new global governance unit is expected to integrate the bank’s global and regional governance departments.
Drinhausen will begin his role 1 April 2016, reporting to Karl von Rohr and succeeding Daniela Weber-Rey – who will leave her post to “pursue new professional opportunities”.
He joined Deutsche Bank in 2014 and is currently regional co-general counsel for Germany. Before joining the bank, he was a partner at Linklaters LLP for ten years with responsibility for corporate governance and mergers and acquisitions.
Generali Real Estate
Christian Delaire has resigned from his role as the chief executive of Generali Real Estate, the company has confirmed.
The firm’s board of directors has appointed Francesco Benvenuti, the group investments chief operating officer, as general manager in the interim. He will also retain his current role.
Thesis
Asset management firm Thesis has named Mike Hughes as a non-executive director to its board.
Hughes has held a range of executive and non-executive roles in the financial services industry and was most recently the head of sales and marketing at wealth management platform, Novia Global. He has also worked at Castle Trust and Positive Solutions.
Babson Capital
Head of European high yield Zak Summerscale has left Babson Capital Management after 15 years with the investment firm, a spokesperson has revealed.
During his tenure, Summerscale was responsible for high-performing funds such as Babson Capital European Loan fund and the St James’s Place International Corporate Bond fund.
Martin Horne has been appointed as his replacement and will report to Mike Freno, the head of the US and global high yield at Babson Capital.
Horne manages several of the firm’s loan and multi-strategy funds and has 19 years of financial service industry experience. Prior to joining Babson Capital in 2002, Horne was a member of the European leverage team at Dresdner Kleinwort Wasserstein.
