Legal & General Investment Management
LGIM has named Helena Morrissey as head of personal investing for its UK direct business. In the new role Morrissey has been tasked with addressing how technology and changing consumer behaviour are transforming the savings industry.
Morrissey was chief executive of Newton Investment Management for 15 years, before stepping down last August, and is chair of the Investment Association (IA). She will assume her new role on 1 May, subject to regulatory approvals.
Brewin Dolphin
Brewin Dolphin’s chief operating officer, Thomas Lack, is to leave the firm to pursue another opportunity at an investment fund. His departure date is still to be confirmed, as is the name of the fund he will join.
Lack previously held roles at Coutts, Royal Bank of Scotland, Morgan Stanley, and UBS Investment Bank.
Securities and Exchange Commission
The revolving door of the US regulator continues to spin with further resignations confirmed. More than a dozen people have announced plans to step down since early November, include SEC chair Mary Jo White.
Wenchi Hu, an associate director in the Division of Trading and Markets, will leave the agency in early February.
She has headed the division’s Office of Clearance and Settlement Supervision since August 2015, after serving three months as its acting associate director. The office oversees registered clearing agencies including those that are designated systemically important in the equity, options, government and mortgage-backed securities, and security-based swaps markets.
The SEC’s first-ever chief operating officer, Jeffery Heslop, is to leave the agency in February. He joined the commission in 2010 and led significant innovation in the agency’s approach to human capital management, business process, internal controls, and technology infrastructure.
Marc Wyatt, director of the Office of Compliance Inspections and Examinations (OCIE), will also leave the agency next month to return to the private sector. He joined the SEC in December 2012 as a senior specialised examiner and co-founded the Private Fund Unit within OCIE. He was named deputy director in October 2014 and served as acting director in April 2015 before being named director in November 2015.
Standard Life Investments
Standard Life Investments, the global investment manager, has added to its global real estate research and strategy team, with the appointment of Mark Clacy-Jones as fund strategist.
He brings with him 10 years’ industry experience. Clacy-Jones joined the company in January from Knight Frank where he held the role of head of data & analytics, commercial research since April 2016. Prior to this he was vice president, head of applied research at MSCI Real Estate and head of indices at IPD.
Reporting to David Hedalen, Clacy-Jones will be based in Edinburgh with responsibility for guiding and facilitating global strategy across the Standard Life Investments real estate funds.
FundsLibrary
Fund data services and technology provider FundsLibrary, a subsidiary of Hargreaves Lansdown, has appointed Arun Sarwal as chief executive. He joins from SS&C Technologies where he was senior vice president.
Sarwal was previously chief executive of DST Investment Management Solutions, chief operating officer at Scottish Widows Investment Partnership (SWIP), and senior vice president within ABN AMRO’s Private Clients & Asset Management business.
Bordier
Specialist asset management firm Bordier UK has expanded its sales and marketing team with the appointment of Andrew Clotworthy as business development manager and Andrew Rowlands as marketing manager.
Clotworthy, whose financial services career includes a 16-year spell with Charles Stanley, joins the firm from Canaccord Genuity, where he spearheaded intermediary distribution. He will be responsible for the development of Bordier UK’s growing network of relationships with investment intermediaries, lawyers and accountants.
Rowlands began his career within the retail marketing team at UBS Global Asset Management and joins Bordier UK after five years with Brooks Macdonald. He will report to head of marketing, Lucy Goldsworthy in his new role.
