Old Mutual Global Investors
Part of Old Mutual Wealth, OMGI announced that Diamond Lee, manager of the Old Mutual China Equity Fund, left the business on 22 July to pursue a career outside of asset management.
As a result, Josh Crabb, head of Asian equities, has taken over as lead manager of the fund. Crabb has been managing Asian equity funds for over 15 years, including roles at BlackRock and Prudential Asset Management. His existing OMGI portfolios have a high exposure to Chinese equities and he is very familiar with the Chinese macroeconomic environment, having been based in Hong Kong since 2001.
BNP Paribas Investment Partners
James Langlands has been named head of BNP Paribas IP’s advice business for Australia and New Zealand. He will be responsible for growing funds under management by working with dealer groups, private wealth firms, family offices, consultant and research houses, platform providers and other key market influencers.
In his most recent role as director, head of wealth advisory (retail) at BlackRock, Langlands had responsibility for the firm’s retail client business incorporating bank-owned and independent financial advisers, private banks and research relationships.
First Names Group
Trust, fund, real estate and corporate services provider, First Names Group has promoted Mark Pesco to chief executive, effective immediately. Before being appointed chief executive Pesco was group managing director, private client. He replaces Cengiz Somay who stepped down in July.
Pesco has been with the group for over 12 years and is already a member of the group management committee. In his new role, he will head up the committee overseeing the day-to-day management and leadership of the business, incorporating its key service lines.
WHIreland has announced the appointment of Marc Cane as group head of compliance and risk. He joins from Ingenious Media, where he held the role of group compliance officer and money laundering risk officer. He previously held senior compliance roles at a number of significant financial institutions, including Permal Investment Management and JP Morgan Chase.
Cane will report into chief executive Richard Killingbeck, overseeing both the wealth management and corporate divisions of the company. He will be responsible for liaising with regulatory bodies, analysing developments in regulation and ensuring their implementation as well as identifying and managing risks across the group.
Marc Lenaers has been promoted to managing associate in Ogier’s Luxembourg office, where he advises global clients and investment managers on a wide range of regulated and unregulated investment vehicles.
Prior to joining Ogier, Lenaers was head of legal fund engineering at a major bank and senior associate in a Luxembourg law firm, where he was in charge of the investment funds practice of the New York representative office.
Further, Guillaume Maurin has been promoted to senior associate. He works in the business and trust law group, where he advises on funds, mergers and acquisitions, private equity and restructuring and insolvency.
The investment firm has appointed Nicholas Taylor and James Tussaud as private client portfolio managers with immediate effect. In these roles, they will be responsible for managing bespoke discretionary investment portfolios for UK and international private clients.
Taylor joins from Connor Broadley where he was a partner and investment manager. Prior to Connor Broadley, he was at BlackRock in London.
Tussaud joins from Citi Private Bank, London where he was responsible for ultra-high net worth clients focusing on London, Jersey and Geneva. Prior to Citi, he worked at UBS Wealth Management and Barclays Capital.
Independent trust, fund and corporate service provider Crestbridge has appointed Paul Windsor to the post of managing director and head of its London office as the firm continues to grow its onshore administration and accounting business.
He will assume responsibility for the firm’s UK-focused business development activity, growth strategy and performance.
Hong Kong Monetary Authority
Esmond Lee, executive director, financial infrastructure retired from HKMA on 7 August 2016. He has been succeeded by Shu-pui Li, head of financial infrastructure development.
Fixed Income, Currency and Commodities (FICC) Markets Standards Board
The FMSB has appointed Gerry Harvey as its first chief executive officer. He has 30 years’ experience in wholesale financial markets and extensive experience in the regulatory field.
A qualified lawyer, Harvey was formerly group head of compliance at ICAP from 2010 to 2015. He has also worked as chief compliance officer at Gartmore and before that spent five years as head of regulatory risk for debt markets at the Royal Bank of Scotland.