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Skandia Investment Group chief executive Jamie Macleod has stepped down from his role and left the business. Macleod is succeeded by Nils Bolmstrand, who has been with SIG since its inception in October 2007. Bolmstrand was responsible for product development, distribution, and managing relationships with fund groups internationally.

Alliance Trust has poached four senior members of the Swip fixed-income team, including global head of fixed income Rod Davidson. Davidson is to be joined by fellow Swip employees Gareth Quantrill, Stuart McMaster and Stuart Steven as Alliance Trust looks to bolster its expertise in the space. The team will officially join Alliance Trust in early 2010.

LV= Asset Management has completed the appointment of Graham Ashby and his income team from Credit Suisse. Ashby joins LV= as head of equities and will be joined by Michael Crawford, Marcus Chandler and Mira Bhogatia. Ashby was managing director and head of UK retail equities at Credit Suisse Asset Management.

Liontrust marketing director Rob Page is leaving the firm next month to pursue a global marketing role. He joined Liontrust in May 2008.

Aviva Investors fund manager Dominic White is leaving the firm after eight years. White manages a number of funds across the group, including the £73m distribution fund, the £161m sustainable futures corporate bond fund and the £425m high income plus fund.

Thames River Capital has appointed Trygve Tøraasen as a fund manager on its European equities team. He will manage the Thames River European fund alongside Carlos Moreno. He worked for Fidelity for 14 years and managed the FMR Europe fund and the European dynamic growth fund.


Former HBOS chief operating officer Phil Jenks has been appointed non-executive director at Exact Mortgages. Jenks will deal with corporate governance and risk strategy and he will also be chairman of Exact’s risk committee. Jenks joined Halifax in 1972 and retired in 2008 before the bank was taken over by Lloyds TSB.

Exact Mortgages has also appointed Malcolm Larmouth as head of business development. Larmouth joins Exact Mortgages from Scarborough Mortgage Services, where he was associate director of client relationships.

Aldermore has appointed Steve Barry as risk director. Barry joins from the Beacon Group, where he was finance and risk director. He will be responsible for managing risk within the bank, including credit, operational and business strategy risk. Barry will also be responsible for the compliance and internal audit functions.

Former Quantum director Fahim Antoniades has joined Mortgage Centre IFA as group director. Antoniades will be responsible for overall group strategy, business and systems development.

Chelsea Building Society chief executive Richard Hornbrook has stepped down from his role after mutual agreement with the board. Chairman Stuart Bernau will assume the role of chief executive until a long-term replacement is found.

Stroud & Swindon Building Society chief executive David Hill has left his position at the mutual to pursue other interests. Hill has been with Stroud & Swindon for nine years, joining as finance director in 2000 and going on to become chief executive in 2006.

Loughborough Building Society has appointed Gary Brebner as chief executive. Colin Bradley, who was acting chief executive, will become deputy chief executive. Brebner has 20 years of experience in the financial services sector as a chartered accountant. His last post was with KPMG’s financial services advisory practice.

Life and pensions

Canada Life Group Insurance has appointed Paul Avis as sales and marketing director. Avis joins the firm in November from Ceridian, where he is corporate development manager. He will be responsible for overseeing the current marketing and distribution functions at Canada Life.

The Pensions Regulator has recruited Andrew Young and Simon Wasserman for its team of actuaries. Young was at the Government’s Actuary Department while Wasser- man was responsible for Aon Consulting’s Global Benefits Practice.

Legal & General has hired Dr Nigel Wilson as group chief financial officer. Former chief financial officer Andrew Palmer has retired from the board but will remain with the company until the end of the year to ensure an orderly handover. Palmer has been a board member since 1996 and group director of finance since 2001. Wilson joins L&G from United Business Media, where he has been chief financial officer since 2001 and deputy chief executive officer since 2008.

A J Bell has appointed Eddie McGuire as client services director. McGuire has over 23 years of financial services experience. His previous roles include head of financial institutions at Jardine Lloyd Thomson and head of Hazell Carr Scotland, where he was responsible for forming and developing Sipp and Ssas business.

Martin Senn has been made chief executive at Zurich Financial Services. Senn, currently the firm’s chief investment officer, will replace James Schiro when he retires in December.


Succession Advisory Services has appointed Alan Wardrop as finance director. Wardrop was finance director at John Scott & Partners and later Towry Law, which acquired John Scott in 2005.

Succession has also chosen Charles Evans as marketing and relationship director. Evans joins from HBOS, where he worked as head of business development. He will start his new role in October. Succession’s third appointment is former Millfield chief executive Paul Tebbutt, who joins as a relationship director. He will be one of seven divisional directors to help introduce IFA businesses to Succession.

Axa Distribution Service managing director Paul McMahon is to become managing director of corporate benefits, passing responsibility for the Elevate wrap to Marc Davies.

Davies will take over operational leadership of Axa Distribution Service from the start of October.

The move forms part of Axa Life’s company restructure, which will see the Elevate wrap become a core element of Axa Wealth.
Aegon executive director of sales, distribution and development Adrian Grace has joined the Positive Solutions board. Grace, who joined Aegon in January, already sits on the Origen board.

Hargreaves Lansdown chairman Stephen Lansdown is set to step down as the group’s executive chairman at the AGM on December 1 but will remain on the board as an executive director. Non-executive director Mike Evans will seek election to replace Lansdown.

Bravura Solutions has appointed ex-Barclays Wealth associate director Kevan Ward as life and pensions product manager. Ward joins the technology firm from Optima, where he was marketing director.


Lloyds leads way back with RMBS

Lloyds Banking Group has become the first bank to issue a prime residential mortgage-backed security in over a year. The £2.82bn deal will be made up of prime mortgages from Halifax.

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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