People moves: Brookfield gets Carney; Redington completes board

first_imgRedington – The investment consultancy has appointed Phil Symes as its chief financial officer (CFO) and an executive director to its board, which is now complete. He took up the position on 21 August and will also become a member of Redington’s management team.Symes was most recently group CFO for the Cambridge Education Group. Before that he spent two years as an independent business consultant and 10 years as CFO for Visa Europe, including its sale to Visa Inc in 2016. Redington said he had significant experience of working for companies with private equity ownership, including Willis Group when it was owned by KKR. Redington this week also revealed that in July it had appointed Feifei Zhang as chair of its Chinese technology business, YuYuan Technology (Shanghai) Limited. YuYuan, which is headquartered in Shanghai, was originally incorporated into Redington’s technology business in 2018. Zhang joins from Mountain Creek Investment Management, where he is a founding Partner, chief strategy officer and head of Insurance and innovation. Previous roles include co-chief actuary at Fosun Insurance Group and actuarial practice lead at KPMG-China. Mercer – William Gibbons has been appointed principal in the consultancy’s insurance investment solutions business. He joins from PwC, where he advised insurers and other financial institutions on strategic asset allocation, investments, asset restructuring, liquidity, market risk and hedging. Prior to that, he was a director at Barclays Investment Bank, focusing on solutions for UK insurers. Neuberger Berman – The investment manager has appointed Gilles Drukier as head of insurance solutions for the EMEA region effective 3 August 2020.He joins from JP Morgan Asset Management, where he was managing director for its fixed income insurance and pensions solutions group. Prior to this, he worked for JP Morgan’s investment banking arm across a number of teams including its insurance strategic advisory group. Drukier’s previous experience also includes derivatives sales roles at Merrill Lynch and Goldman Sachs. GCM Grosvenor – The US-based global alternative asset manager has hired Pamela Bentley as managing director of finance from October ahead of her assuming the role of chief financial officer effective 1 January 2021. Bentley joins GCM Grosvenor after 15 years with The Carlyle Group, where in her most recent role she served as the chief accounting officer and managing director. She previously held senior finance roles at Transaction Network Services, Inc. and prior to that worked for Arthur Andersen. Schroders – Matthew Dobbs will retire from fund management next year after almost 40 years at Schroders, which said it had been planning a long-term succession strategy for Dobbs, who had been instrumental in helping to build its Asian equity and global small companies businesses, for a number of years.He will be handing over portfolio management responsibilities for his Asia funds to Richard Sennitt, supported by Abbas Barkhordar, and his global and international small cap funds to Bob Kaynor, Luke Biermann and Alex Deane.Chris Taylor will be taking on the role of head of global and international small companies, covering strategic management responsibilities for the team.Rory Bateman, Schroders’ head of equities, said: “We would like to thank Matthew for his outstanding commitment and service to Schroders, which has resulted in him helping to develop two businesses, which will soon be passed on to the next generation of highly-talented Schroders’ investors.” Brookfield, Redington, Neuberger Berman, Mercer, GCM Grosvenor, SchrodersBrookfield – Mark Carney, the former governor of the Bank of England, has joined the alternatives asset manager as vice-chair and head of environment, social and governance and impact fund investing. Brookfield said Carney will help push the firm’s renewable investing efforts to combine better long-term outcomes for society with strong risk-adjusted returns. He will expand on Brookfield’s existing strengths in ESG investing with the development of a group of funds that will work to combine positive social and environmental outcomes with strong risk-adjusted returns for investors.Carney, who is now UN special envoy for climate action and finance, served as the governor of the Bank of England from 2013 to 2020. In addition, he served as first vice-chair of the European Systemic Risk Board and remains a member of the Group of Thirty and the foundation board of the World Economic Forum. Prior to his tenure as governor of the Bank of England, he served as the governor of the Bank of Canada and chairman of its board of directors. Carney was chair of the G20’s financial stability board from 2011-2018, where he oversaw the reform of the global financial system. last_img

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