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PEOPLE MOVES: Vanguard, Nedbank, Finastra

By Robbie Lawther, 20 Mar 20

Fund manager names Asia head, while former Old Mutual chief resigns from board of South African bank

Vanguard

The US fund management giant has named Scott Conking as head of its Asia operation.

Conking joined the firm in 1984. He was previously principal and head of the firm’s US-based institutional investor services.

Based in Hong Kong, he will oversee offices in Beijing, Hong Kong, Shanghai, and Tokyo.

Conking succeeds Axel Lomholt, who has served as interim head of Vanguard Asia since the end of 2019.

Lomholt will continue to play a strategic leadership role in Vanguard Asia and will report to Conking.

Nedbank

The ex-chief executive of Old Mutual in South Africa, Peter Moyo, has resigned from the board of Nedbank with effect from 18 March.

He was appointed in 2018.

Moyo’s resignation from his non-executive role comes amid a protracted legal battle with his former employer over his dismissal in June 2019.

On 18 March 2020, the Johannesburg high court quashed Moyo’s urgent application to stop Old Mutual from looking for a chief executive.

The life company will now be able to find a permanent replacement after winning an appeal in January 2020 that its dismissal of Moyo was lawful.

Finastra

The fintech firm has appointed Gary Bischoping as chief financial officer, effective 16 March 2020.

He will be based at Finastra’s headquarters in London.

Bischoping recently held the role of chief financial officer at Varian, a mid-cap medical technology US multinational.

Prior to that, he spent over 17 years at Dell.

He replaces Mark Miller who is stepping down from his role for personal reasons, and returning to his home in Texas.

There will be a transition period until the end of April.

Wave Financial Group

The digital asset management firm has named Matteo Dante Perruccio as president international, a newly created role based in London.

Perruccio was previously chief executive of Pioneer Investments, chief executive and founder of Hermes BPK Partners, as well as non-executive board director and global head of key accounts and strategic relationships at Jupiter Asset Management.

He was most recently chairman of the Secofind Multi Family Office.

Tags: Nedbank | Old Mutual | Vanguard

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.