Julius Baer International has appointed Calum Brewster as managing director, head of UK regional offices. Having joined the firm at the end of 2017, Brewster sits on the executive committee of Julius Baer International and will be based in Edinburgh, Scotland.
He reports to David Durlacher, chief executive of Julius Baer International.
Brewster joins from Barclays Wealth & Investment Management where he was managing director for Scotland, Northern Ireland and the North of England. Prior to that he was head of client experience and strategy at Lloyds Banking Group and head of client services at Scottish Widows.
The MMI board has announced several changes to the company’s leadership team.
Nicolaas Kruger will be stepping down as chief executive of the company with effect from 15 February 2018.
He had worked at the firm for 26 years, with the last nine as chief executive.
Hillie Meyer has been appointed chief executive on a three-year contract. Meyer served as chief executive of Momentum from 1996 to 2005, which merged with Metropolitan to create MMI in 2010.
Jeanette Marais will additionally join the group as second deputy chief executive, having previously been an executive director at Allan Gray.
Marais will be responsible for Momentum Investments’ centre of excellence, as well as certain marketing and distribution activities in the group.
Lastly, Risto Ketola, MMI’s chief financial officer, has been appointed group financial director.
Deutsche Bank Wealth Management has announced the appointment of Raffaello Nemni as head of UK client advisers.
Nemni was most recently head of the ultra-high net worth desk at HSBC Private Bank in London. He was previously head of the resident non-domiciled client group at Credit Suisse from 2008 to 2014 and was a senior practitioner at UBS between 2002 and 2007.
Nemni will join the wealth management arm of Deutsche Bank in March 2018, based in London. He will sit on the UK executive council, reporting to chief executive Michael Morley.
Trust Corporation International
Guernsey-based Trust Corporation International has appointed Ken Bradley as a non-executive director.
Bradley has held several senior positions in large international banks across the retail banking, corporate and fiduciary divisions.
His primary role at Trust Corporation is to provide independent and objective advice and challenge to the board and executive directors in implementing the firm’s growth strategy.
Most recently, Bradley was chief country officer, Guernsey, and head of fiduciaries strategy for Barclays’ Guernsey, Jersey, Isle of Man and London businesses.
Rachel Beagles has been appointed chairman of the Association of Investment Companies (AIC) board. Additionally, William Hemmings has been named deputy chairman while Elisabeth Scott has been appointed to the board.
Scott is chairman of India Capital Growth Fund and a non-executive director of Allianz Technology, Dunedin Income Growth, Fidelity China Special Situations and Pacific Horizon. She has more than 30 years’ experience in the investment company and asset management industry as both a fund manager and a non-executive director.
She replaces Peter Moffatt who has retired from the board after six years of services.
PineBridge Investments, a private global asset manager, has announced the appointment of Petra Lugones Targarona as head of German business.
In this role Targarona will oversee PineBridge’s continued expansion into the German institutional and intermediaries market. The firm plans to open a new Munich office.
Targarona joins PineBridge Investments from Macquarie Investment Management, where she was head of institutional business Germany.