Pacific Asset Management
Financial services industry veterans David Macdonald and David Cockerton have joined Pacific Asset Management to support the firm’s international expansion, International Adviser can reveal.
Both bring a wealth of experience and expertise having collectively worked in the international financial services industry for over 50 years.
The pair will primarily concentrate their efforts in Asia and the Middle East where they both have spent large parts of their careers.
Cockerton previously held several senior global positions with Zurich. He left the insurance giant in 2017 after 23 years of service developing key strategic relationships across the Middle East, Asia and Europe.
He said PAM’s “highly cost-efficient investment solutions and their hugely impressive fintech capabilities has been a huge draw for us”.
“PAM have embraced regulation in their target markets and I was particularly pleased to see the proposition regulated in Dublin under Ucits V legislation also licensed with the Securities and Commodities Authority (SCA) in the UAE, MAS in Singapore for accredited investors and FINMA in Switzerland,” Cockerton said.
Macdonald brings an equally impressive track record having been head of sales (Asia) for Royal Skandia and most recently global head of sales at VAM, the Luxembourg based specialist investment firm.
“The international space has started to see the same compression on fees that we have seen in the UK. PAM is a step ahead and brings an institutional approach with institutional fees to the offshore world,” Macdonald said.
Vanguard has hired Paul Young as European senior ETF capital markets specialist.
Reporting to Thomas Bartolacci, head of ETF capital markets, Europe, Young will play a key role in Vanguard’s ETF capital markets team, responsible for supporting the liquidity of Vanguard’s products and helping clients achieve their investment goals.
Young joins from State Street Global Advisors, where he was most recently head of ETF capital markets, Emea.
He joined State Street in 2007 as senior equities trader. Prior to this he held roles at St James’s Place Wealth Management and Morgan Stanley Investment Management.
Online wealth manager Tiller has made a series of senior appointments to its investment team.
Shezad Lakha has been appointed head of quantitative investments and Daniel Greenhough as senior investment portfolio manager. Glenn Baggley and Douglas Shaw join as directors.
The team will report to Tiller co-founder and chief investment officer Jonathan Wauton.
Lakha is a CFA charter holder who has spent 20 years in the asset management industry, 18 of which were at Schroders Investment Management.
Prior to leaving in January 2017, he was a senior portfolio manager for Quantitative Equity Products where he led a team of quantitative analysts and information technologists managing the firm’s quantitative equity strategies.
Daniel Greenhough, who joins from Lumin Wealth, is a CFA-qualified investment professional with nine years of experience in managing private client portfolios, including serving on the portfolio Selection Committee of Barclays Wealth, London.
Glenn Baggley is a quantitative engineer with more than 20 years’ investment expertise. He was the founder of Eddington Capital.
Douglas Shaw has worked in finance for more than 30 years and in asset management for 25. He has held senior positions at BlackRock and Gartmore.
Deutsche Bank has hired Claudio de Sanctis as head of Europe. In this newly formed role, de Sanctis will help boost growth in the region by building on its leading position serving clients in Germany and other domestic markets.
De Sanctis joins the wealth management business of Deutsche Bank on 1 December 2018, from Credit Suisse, where he spent five years, most recently as head of private banking, Europe. He will be based in Zurich, reporting to Fabrizio Campelli, global head of wealth management.
The newly formed Europe region includes Germany, where Deutsche Bank Wealth Management and more than a dozen other markets including Switzerland, the UK, Italy, Spain and France.
He previously spent seven years at UBS Wealth Management Europe, most recently as market head Iberia and Nordics. Earlier in his career he was head of key clients unit Europe at private banking in Barclays focusing on ultra-high net worth clients and also worked at Merrill Lynch private wealth management Emea.
UK investment management and financial planning group Tilney has appointed Gary Jasper as a financial planner. Jasper will join the team in the company’s office in Chelmsford.
He joins from Coutts where he has worked since 2014 as a wealth manager, and most recently as a director specialist adviser supporting sports, media and entertainment personalities. Prior to this, he spent seven years at Natwest – three of which as a senior private banking manager at NatWest Private Banking, before moving to NatWest Private Clients as a wealth manager.
In Tilney’s Chelmsford team, Jasper will deliver advice as part of the firm’s “two expert” approach, which sees financial planners paired alongside the firm’s investment managers to provide a high quality integrated wealth management service to clients.