Standard Bank has appointed Peggy-Sue Khumalo as chief executive for its wealth division in South Africa. Khumalo is the first black woman to get the top job.
Having started and spent most of her career with Investec, Khumalo, a former Miss South Africa, will join Standard Bank in February 2019.
She will be responsible for the company’s wealth business in regards to short and long-term insurance, pension fund operations and fiduciary services.
The Bromsgrove-based wealth management firm welcomes Jon Dear as its new chief operating officer.
Dear leaves his role as group operations director at Tavistock Investment to join AFH.
He will be focusing on supporting and expanding the group’s mortgage and protection market.
Ocorian’s top man, Nick Cawley decided to step down as chief executive after 15 years. The company’s current chief financial officer, Stuart Layzell is set to take over Cawley’s role.
Cawley, However, will stay in the business, leading Ocorian’s global private client services as well as chairing several of the company’s entities.
CFM Indosuez Wealth
CFM Indosuez Wealth, subsidiary of the Indosuez Wealth Management Group, has appointed Mathieu Ferragut as the new chief executive.
Ferragut started his position at the top job on 3 December and will be leading the financial institution in Monaco.
The Monaco chief executive moved from Indosuez’s Miami office where he served as deputy chief executive in 2007 and landing chief executive in 2008.
Ascot Lloyd, one of the UK largest independently-owned IFA firms, has announced that Micheal Covell will take on the role of independent chairman.
The appointment came into effect at the beginning of December, after Grenville Turner stepped down.
Covell was previously chairman of the Tilney Group between 2010 and 2016.
Alex Wade will take on the role of group executive, advice for AMP starting from 7 January 2019.
Wade follows Jack Ragen as the latter announced his retirement after 20 years of service for AMP.
The group executive advice role will report to chief executive Francesco De Ferrari and Wade will be responsible for transforming AMP’s advice business.
Capital group has expanded its sales team for financial intermediaries in Germany with two appointments.
Karolyn Krekic and Mathias Mohr have both been appointed managing directors for financial intermediaries in Germany.
They will be responsible for covering banks, funds, wealth managers, insurance companies and multi-family offices.
Mohr joined the Group in December from Oddo BHF Asset Management, while Krekic will leave GAM to join in January 2019.
BNP Paribas Asset Management
BNP Paribas AM’s Multi-Asset, Quantitative and Solutions investment group have named Franck Nicolas as senior client solutions manager.
Nicolas will be based in Paris and will focus on the French market and will help investors seeking innovative solutions.
He joined the group after leaving his role as head of the investment and client solutions business unit at Natixis Asset Management.
From the 14 January 2019 Michael Ho will be starting as global head of multi-assets and alternatives for Janus Henderson.
Ho will be responsible for the asset allocation, multi-strategy and alternatives teams worldwide.
He leaves UBS Asset Management as chief investment officer of investment solutions to join the company.
Legal & General Investment Management
Annacarla Dellepiane has been appointed head of ETF capital markets at Legal & General IM.
She will be responsible for implementing and executing trade across the company’s ETF range on behalf of clients.
Dellepiane joins L&G from State Street Global Advisors where she served as lead relationship manager in the SPDR capital markets team.