The Fry Group
The Fry Group has appointed Huw Wedlock as chief executive of its Singapore operation.
Wedlock replaces David Pugh who, after running The Fry Group’s business in Singapore for eight years, will return to the UK later this year to join the group’s board in a global sales and marketing role.
Wedlock joins from Old Mutual International, where he has spent 15 years working with financial advisers in multiple jurisdictions, most recently as area manager, Asean, for the past five years.
Previously, he worked as a business consultant with Skandia UK prior to its acquisition by Old Mutual and also worked for Friends Provident for three years as a business consultant.
Legal & General Investment Management has appointed David Hoantee Peng as head of Asia Pacific ex Japan.
Based in Hong Kong, he will report to Roger Bartley, vice chairman – investments, based in London.
Peng has three decades of experience in the Asian financial services sector and joins LGIM from Standard Life Aberdeen, where he was head of Asia for more than seven years.
Pictet Group’s wealth management chief executive, Christian Gellerstad, is to step down in September to focus on non-executive roles.
The bank said Gellerstad’s departure had nothing to do with the arrival of Boris Collardi, who resigned from Swiss rival Julius Baer in a surprise move in November to head Pictet.
Pictet specialises wealth and asset management for individuals with CHF 2m ($2m, €1.7m, £1.5m) plus in assets and has CHF 505bn in assets under management.
UK wealth manager Equilibrium Asset Management has hired six new employees including a financial controller.
The hires are spread over several teams and include client managers Laura Kenmare and Sarah Coleman, compliance associate Caroline Knight and investment analyst James Carr.
Also joining are financial controller Joanne Watmore and technical specialist Andy Thewlis.
Natixis Investment Managers has appointed Sebastian Römer as head of sales for central and eastern Europe.
Based in Frankfurt, he will be responsible for servicing institutional clients and sales partners with a focus on Germany, Austria, Switzerland and Eastern Europe.
Römer will lead a team of 12 and reports to Oliver Bilal, head of international sales and marketing. He joins from Pimco where he was responsible for serving institutional clients in Germany. Prior to joining Pimco in 2011, Römer was responsible for direct investments at private equity investor Apax Partners.