Vistra
Vistra’s chief executive Martin Crawford will transition to the role of non-executive director on the company’s board.
Chairman Simon Hinshelwood will act as interim executive chairman during the ongoing search for a successor.
Crawford has led the group since 2009. Under his leadership, Vistra has completed more than 30 M&A transactions, including Orangefield and, more recently, Radius.
Wise Funds
Wise Funds, the Oxfordshire-based investment management group, has hired fund manager Philip Matthews.
Matthews, who joins Wise Funds on 3 September, previously spent five years at Schroders and managed the group’s UK Alpha Plus Fund and UK Growth Trust.
He has almost two decades of investment experience, having joined Jupiter Asset Management’s fund management department in 1999.
Matthews began managing both retail and UK institutional portfolios in 2001 and ran the Jupiter Growth & Income Fund and served as deputy fund manager of the Jupiter Income Trust.
Wise Funds is a subsidiary of the Oak Investment Partnership, which was founded by Tony Yarrow in 1992.
Skagen Funds
Skagen’s board has appointed Tim Warrington as chief executive of the mutual fund company, effective immediately. He has been acting chief executive of Skagen since Øyvind Schanke stepped down in May.
Warrington has been with the firm for more than 10 years. He was previously responsible for international distribution and domestic wealth management before taking on the role of deputy chief executive in June 2013.
Prior to joining Skagen, he had more than 20 years’ leadership experience from the armed forces.
Separately, he is also chairman of the board of the Group of Boutique Asset Managers, an association consisting of 17 independent fund management companies from all over the world.
Maitland
Global advisory and fund administration firm Maitland has appointed Tim Oddy as senior relationship manager for its UK and EU funds business.
Oddy will be responsible for the relationship management of Maitland’s largest fund services clients, as well as helping to raise awareness of the the firm’s brand.
Based in London, he will report to Patric Foley-Brickley, head of business development and client management for Europe.
Oddy joins from Ballybunion Capital where he was managing director – UK.
Malaysia central bank
Nor Shamsiah Mohd Yunus has been named governor of the central bank of Malaysia.
She will replace Muhammad Ibrahim, who resigned from the top job earlier this month after questions were raised about the central bank’s role in a deal linked to 1MDB.
One of Nor Shamsiah’s first tasks will be to reopen an investigation into 1MDB, the state-owned investment fund mired in multi-billion-dollar corruption probes around the world.
Nor Shamsiah was involved in the initial investigation into 1MDB in her previous role as deputy governor at Bank Negara Malaysia, which she held for six years until she left in November 2016.
