UBS
The wealth management giant has appointed Sergio Ermotti as group chief executive to oversee the integration of Credit Suisse, less than two weeks after the regulator-orchestrated rescue deal was announced.
In a statement, the Swiss bank said it took the decision in light of the new challenges facing the firm following the acquisition.
UBS also confirmed current chief executive Ralph Hamers has agreed to step down.
Ermotti served as chief executive for nine years before exiting the firm in 2020. UBS noted his experience in leading the firm after the global financial crisis leaves Ermotti “ideally placed to pursue the integration of Credit Suisse”.
He will leave his current role as chair of insurer Swiss Re following its AGM, before taking over from Hamers on 5 April. Hamers will then move to an advisory role with the firm.
Also, James McGuire has announced he is retiring as an executive director after 23-and-a-half years at the UK operation of the wealth firm.
McGuire joined UBS in 1999 as a head of investment funds IFA distribution.
During his time at UBS, McGuire established the first UBS Global Asset Management non-institutional distribution arm within the UK.
Novia Financial
The platform business has announced that its chief commercial officer, Barry Neilson, will be leaving the business in the summer.
He joined the firm in March 2022 after 11-year stint at Nucleus, where he was chief customer officer.
The firm did not announce where Neilson is going or if it intends to replace him in the role.
Isle of Man Financial Services Authority
Scott Quayle has been appointed as head of operations at the Isle of Man regulator.
Quayle brings a wealth of international knowledge to the post having worked in senior roles for KPMG in the Channel Islands, Malta and Bermuda.
Investec Wealth and Investment
Neil Greenwood has been promoted to chief operating officer at the UK firm, having taken up the role on an interim basis in January 2022.
The appointment is still subject to approval by the regulator.
Greenwood joined the firm in January 2017 as a Mifid II manager, becoming head of management support and then client asset oversight officer.
Prior to his spell at Investec, Greenwood was head of operations at Vestra Wealth until October 2016, having spent more than eight years at the firm.
Also, the wealth firm has hired Andrew Mays as associate investment director in Bournemouth and Sebastian Culpan Scott as an investment manager in Cheltenham.
Mays was fund analyst and voting member of the investment committee for Atkins Bland, which looks after advisory mandates for private clients.
Scott rejoins the firm from Sanlam Wealth, where he was an investment manager.
OpesFidelio
Max Durrant has been promoted to executive director of the financial advice network, according to his Linkedin account.
He was previously associate investment director of OpesFidelio.
Marwyn Acquisition Company II
Will Self has been named chief executive for the pensions division of the London Stock Exchange-listed acquisition vehicle.
He will lead the identification, acquisition, and integration of pensions businesses for MAC II.
Self joins MAC II from Curtis Banks Group, where he was chief executive.
EFG International
The global banking group has hired eight client relationship officers in Asia Pacific.
Five have joined in Hong Kong including Elvis Lau, who has been appointed head of the independent asset managers team in the Chinese special administrative region.
Lau was previously director of external asset management for greater China at Credit Suisse.
EFG’s Hong Kong branch has also hired Edward Chan, Alex Chang, Ryan Zhao and Flora Law.
Chan has over 35 years of financial industry experience and previously worked at Bank of Singapore, BOCI, Barclays, Standard Chartered, Coutts, UBS and Citi. He was most recently executive director and team head for the greater China/north Asia market at Bank of Singapore.
Meanwhile, Chang was most recently a senior director in international wealth management at Nomura International (Hong Kong).
Zhao previously worked at RBC Investment, BNP Paribas, Standard Chartered, DBS and UOB. He was most recently an investment adviser at RBC Investment Services Hong Kong.
Finally, in Hong Kong, Law was most recently a relationship manager in the external asset management greater China team at Credit Suisse.
Meanwhile, in Singapore, Nicholas Yee, Shubhra Pandey and Jolene Zhang have all joined.
Yee was a relationship manager in the greater China and north Asia team at Bank of Singapore and spent several years at Bloomberg as a sales trader and execution consultant.
Pandey was a relationship manager at Standard Chartered focused on the UAE market and previously spent several years at First Abu Dhabi Bank.
Finally, Zhang was a relationship manager in the greater China team at DBS Bank and previously also held similar positions at UOB Private Bank and Bank of Singapore.
Calastone
The global funds network has hired former HSBC managing director Brian Godins as chief commercial officer.
Godins has three decades of experience in the financial services industry. He spent 14-and-a-half years at HSBC, where he was most recently managing director, head of HSBC securities services Asia Pacific and Middle East.
He began his spell at HSBC in September 2007, as head of European securities, having moved from Morgan Stanley.
