Liontrust
Specialist fund management group Liontrust has poached fixed income specialists David Roberts and Phil Milburn from Kames Capital. Roberts is currently head of the fixed income team at Kames and Milburn is head of investment strategy for the team.
The duo will join Liontrust’s Edinburgh office in early 2018 and bring with them a long track record of managing fixed income funds. Following their appointment, Liontrust is to launch a strategic bond fund, high yield bond fund and absolute return bond fund, subject to appropriate regulatory approvals.
Kames Capital
Following the immediate departures of Roberts and Milburn (above), Kames Capital has named Stephen Snowden and Adrian Hull as co-heads of fixed income.
Snowden, who is currently head of credit at Kames, will continue in this role and as co-manager of the Kames absolute return bond fund, alongside Colin Finlayson, and the investment grade bond and investment grade global bonds funds, alongside Euan McNeil.
Hull meanwhile is currently a senior fixed income specialist on the team, with 27 years’ experience.
Legal & General Investment Management
Former Old Mutual Global Investor fund manager Stephen Message has joined LGIM’s global income team. He left OMGI in December 2016 after seven years in charge of its UK equity income fund
Message joined LGIM on Monday and will focus on UK income strategies.
Newton Investment Management
Newton IM, part of BNY Mellon Investment Management, has appointed Curt Custard to the newly created role of chief investment officer as part of a new management structure. He joins from UBS Asset Management, where he was group managing director and head of investment solutions in London and Chicago. Prior to this he was head of multi-asset at Schroders Investment Management.
Newton IM also promoted Julian Lyne, currently global head of distribution, to take on an expanded role as chief commercial officer, which will include responsibility for the firm’s client relationship area. Andrew Downs and James Helby remain as chief operating officer and chief risk officer, respectively.
Financial Adviser Standards and Ethics Authority
Deen Sanders has been named chief executive of the FASEA, which works to raise the education, training and ethical standards of financial advisers to improve trust and confidence in Australia’s financial advice sector. He will become the inaugural chief executive for FASEA on 18 September 2017.
Sanders has more than 16 years’ experience working in financial professional standards and training. He previously worked for the Australian Securities & Investments Commission in 2001 as the national director, National Finance Industry Training Advisory Body.
He was previously chief professional officer, Financial Planning Association of Australia, between 2006 and 2012 and is currently chief executive (assistant commissioner) of the Professional Standards Authority of Australia, a position he has held since 2012.
Openwork
UK financial advice network Openwork has named Sarah Howe as chair of its new customer protection panel. She brings with her 30 years’ industry experience and joins from Saffron Building Society where she was initially chief marketing officer before becoming chief customer officer.
In her new role, Howe will be lead the group responsible for ensuring that Openwork’s proposition development and promotion appropriately meets customer requirements and expectations.
