RBC Wealth Management
RBC Wealth Management, part of Royal Bank of Canada (RBC), has promoted Ashif Ratanshi to head of wealth management – international, effective 1 May 2017. He succeeds Stuart Rutledge, who will be taking on a new leadership role with RBC in Toronto.
In his new role, Ratanshi will lead RBC’s Wealth Management businesses in the UK, Channel Islands and Asia. He will report to Doug Guzman, group head of wealth management and insurance, based in London.
Ratanshi’s previous roles with RBC include vice president, direct investing, and managing director, Dominion Securities. He also spent three years as president and chief executive of Security First Network Bank.
Investment and savings service Moola has hired Simon Moore as its chief investment officer. Moore was previously chief investment officer of FutureAdvisor, the US wealth management firm acquired by BlackRock in 2015.
Prior to this, Moore worked at Putnam Investments, Microsoft, Anheuser-Busch and the Bank of England. He has also served as a strategic consultant to firms in the technology, retail and financial industries.
UK IFA firm Ascot Lloyd has appointed Jade Connolly to the newly created role of head of advice, with responsibility for a strategic review of the firm’s advice process.
Connolly will play a key role in creating a suite of advice tools to ensure better risk management, consistency and scalability of Ascot Lloyd’s proposition. She will be based in London and report to Ian Balgarnie, business development director.
She joins Ascot Lloyd from Thomas Miller Investment, where she was head of paraplanning for more than two years. She started her career in financial advice as a Researcher at Ring Associates before joining Ashcourt Rowan as a paraplanner.
Credit Suisse has announced that Mervyn Chow, co-head of investment banking and capital markets for Asia Pacific, will assume the role of chief executive of China in addition to his current responsibilities.
Hong Kong-based Chow will be responsible for deepening relationships and broadening Credit Suisse’s footprint with entrepreneurs and corporate clients in the China market.
Neil Harvey, Credit Suisse’s Hong Kong chief executive, has been named chairman of greater China, also in addition to his current role, which includes oversight of Taiwan, and his role as chairman of asset management for Asia Pacific.
Harvey will continue to be responsible for the China onshore business platform, which includes managing the bank’s relationships with joint venture partners and regulators in Greater China.
Chow and Harvey will continue to report to Helman Sitohang, Credit Suisse’s Asia Pacific chief executive.
Sun Life Financial
Sun Life Financial confirmed that chairman James Sutcliffe will retire following the company AGM on 10 May 2017. He will be succeeded by William Anderson, who has been a director since 2010 and currently chairs the company’s Audit and Conduct Review Committee.
Sutcliffe joined the board in 2009 following a distinguished career in international financial services and became chairman in December 2011.
Anderson is a corporate director and has an extensive background in business and finance. He was an executive at Canadian communications company Bell Canada Enterprises (BCE) and was previously a partner at accounting firm KPMG.
NN Investment Partners
Hester Borrie has been appointed head of client group international at NNIP, reporting to the chief executive, effective from 1 March. She succeeds Martin Nijkam who held the role on an interim basis.
Borrie has almost 20 years’ experience in investment management, specifically in global sales & marketing in the Netherlands and internationally. She also brings with her extensive management expertise, having designed and led various strategic business development initiatives in Asia and other regions.
She has been a member of the Management Board of Robeco Group for almost seven years. Before that she was head of distribution – Emea with Morgan Stanley Asset Management.
Old Mutual Wealth
Old Mutual Wealth has appointed Rosie Harris, George Reid and Tim Tookey as independent non-executive directors of the OMW Board.
Harris will become chair of the Board Risk Committee in April 2017, Reid will join the Audit and Board Risk Committees, and Tookey will be chair of the Board Audit Committee.
Reid and Tookey joined the Board in February 2017.
These appointments follow those of Moira Kilcoyne and Cathy Turner, who joined the Board in December 2016.
Quilter Cheviot, part of OMW, has strengthened its Birmingham-based team with the appointment of regional development manager Cameron Farnell, who joins Quilter Cheviot after working for HSBC Group for over 15 years.
In his most recent role, Farnell worked at HSBC Private Bank, where he provided bespoke lending, investment and financial planning solutions to a portfolio of the bank’s highest net worth clients.
Farnell will report to Quilter Cheviot’s head of office for Birmingham, Sean Raftery. In his new role, he will support the regional development team with delivering continued growth as it aims to increase the company’s market share.
Hilbert Investment Solutions
Anglo–French structured product specialist Hilbert has appointed two new members to work as part of their ‘industry leaders’ consultancy board. The new additions include Hein Donders of the French IFA firm Olifan Group and Andia Shtepani of Mazars, Luxembourg.
Olifan has over 5,000 clients and was formed in 2014 from a merger of nine financial advisory firms – it has 55 employees.
Mazars is an international, integrated, and independent financial consultancy organisation, specialising in audit, accounting, tax, and outsourcing.
Legg Mason has named Monica Woodley as head of global content and international PR. In the newly created position Woodley will lead the development and execution of Legg Mason’s global thought leadership strategy from its office in London.
Reporting to Rick Andrews, head of international marketing, Woodley will assume responsibility for the material developed globally, and its distribution, measurement and enhancement. She joins Legg Mason from The Economist Intelligence Unit, where she was editorial director with responsibility for managing a team of editors across Emea.