Marlborough
Chief investment officer Nicholas Cooling will retire from the firm in May 2023 after more than 30 years with the business.
Sheldon MacDonald will take over, after joining the company in October 2021 as chief investment officer of multi-asset from Liontrust where he held several senior investment roles.
His appointment has been approved by the Financial Conduct Authority (FCA).
L&G
Chief executive Nigel Wilson is set to retire after serving in the role for more than a decade.
He joined Legal & General as chief financial officer in 2009 and was then promoted in 2012.
Wilson will continue working until a successor is found.
Quilter
Priti Verma will become chief risk officer at Quilter in Q2 2023.
Most recently she was at Brooks Macdonald where she held a similar role.
Verma will succeed Matt Burton who had to step back in 2022 due to ill health.
Capital Group
The investment management giant has shaken up its senior management team.
Tim Armour, chairman and chief executive, and Robe Lovelace, vice-chair and president, will step down in October 2023.
As a result, Mike Gitlin will become president and chief executive, Martin Romo will take on the role of chairman and chief investment officer, and Jody Jonsson will become vice-chair of Capital Group and continue working as president of Capital Research Management Company.
The appointment will be effective from 24 October 2023.
Fidelity International
The UK-based investment firm has promoted Dennis Pellerito to head of UK wholesale.
He has been with the company for a decade and was most recently director of the UK strategic account team.
Pellerito succeeds John Clougherty who will handover his responsibilities in March 2023 and retire in September.
Julius Baer
Sacha Bodenehr will become market head of Geneva as well as branch manager, effective from 1 February 2023.
He has held the roles in an interim basis so far, and has been with Julius Baer since 2003 in several roles including head CEO office, chief of staff (French-speaking Switzerland) and head of strategic projects for Europe.
BNP Paribas AM
The French asset manager has hired Daniel Choong as chief executive of its Malaysia operation, subject to regulatory approval.
He succeeds Angelia Chin-Sharpe who became Singapore chief executive and relocated to the Lion City in August 2022.
Choong joins from Abrdn where he served as head of distribution in Malaysia.
Financial Ombudsman Service
The Financial Conduct Authority has re-appointed baroness Zahida Manzoor as chair of the FOS, approved by the Treasury.
She has been in the role since August 2019 and will continue until August 2025.
