People Moves
PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec AM
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
PEOPLE MOVES: Barings, BNP Paribas, PraxisIFM
Baring Asset Management’s heads of EMEA wholesale distribution and global marketing have left the business. BNP Paribas AM has a new Asia Pacific head of institutional sales and currencies portfolio manager. Channel Islands-based PraxisIFM is focusing on client risk with its latest promotion.
PEOPLE MOVES: UK govt, Killik & Co, Australian Tax Office
UK prime minister Theresa May has reshuffled her cabinet as uncertainty mounts over how long the Conservative Party can hold on to power. The deputy Australian Tax Office commissioner has resigned after being being caught up in a fraud scandal, while Killik & Co has appointed a head of wealth planning.
PEOPLE MOVES: SEC, First State, Ashburton
The US regulator has appointed co-directors of its Enforcement Division, while First State Investment is losing its head of global resources and Ashburton Investments bolsters its multi-asset team.
Bob Pain steps down as chairman of Investors Trust Assurance
Bob Pain has resigned as chairman of the board of Cayman Island-based international life company Investors Trust Assurance SPC as of 1 June 2017.