Bill Mott has returned to day-to-day fund management alongside former Credit Suisse colleagues Ian Chimes and Graham Fuller.
All three have joined forces with PSigma Investments to form PSigma Asset Management, a venture which is half owned by both PSigma and the three. Mott previously worked at Credit Suisse, where he managed and later advised on the group’s flagship income funds.
Katherine Garrett-Cox is leaving Morley Asset Management to join Alliance Trust. She will join the Dundee-based firm in April, assuming the role of chief investment officer and group executive director, and be in charge of developing Alliance Trust’s asset management business.
Before joining Morley as CIO in 2004, Garrett-Cox was CIO and investment director at Aberdeen Asset Management, prior to which she ran US money at Hill Samuel. Morley has appointed head of strategy Adrian Jarvis to take her place on an interim basis. Skandia Investment Management chief investment officer Alan Durrant is leaving to set up a Sha’ria asset management business for an investment bank in Bahrain. Durrant will be replaced by James Millard, who is head of multi-manager equity research.
Paul Griffiths has left Axa to join Credit Suisse as managing director of the asset management business and head of fixed income. Reporting to Credit Suisse chief executive officer of asset management David Blumer, Griffiths will be responsible for developing the fixed-income business strategy. Griffiths was CEO of Axa Investment Management and global head of fixed income for three years.
New Star chief investment officer Alan Miller has left the firm following a four-month sabbatical. Miller, who was one of the founding members, had been CIO since the company was formed back in 2001, while also having stints on its UK hedge fund and growth vehicles. He will announce his plans later in the year.
Life and protection
Friends Provident head of protection marketing Ian Jefferies is leaving the firm after 24 years. He is understood to be moving to general insurance firm Fortis to spearhead its move into the broader protection market.
Prudential has seen a few management changes this year with the departure of chief operating officer Rosie Harris, who is joining Old Mutual, where she will replace John Deane as group head of risk and compliance.
Harris has been at Prudential for 21 years and held key roles, including risk management director and customer service director.
Paternoster has recruited Prudential business development director for annuities David Still as pricing director. His appointment completes the set-up of Paternoster’s management team and sees him link up with former Prudential colleague Mark Wood, who is chief executive. Still will be responsible for Paternoster’s pricing. He is a fellow of the Institute of Actuaries.
Prudential head of taxation and trusts Paul Kennedy is also leaving the life office and will be joining FundsNetwork to head its suite of tax planning trusts.
Liverpool Victoria has appointed Justin Harper as head of intermediary marketing strategy. He will take on responsibility for product marketing and communications. Harper previously worked for the Pensions Protection Investment Accreditation Board as an accreditation consultant.
He will take responsibility for LivVic’s life insur-ance and protection product range and services for intermediaries.
Personal Touch Packaging has appointed three new directors to its board. Michelle Harriss has been promoted to marketing & communications director, Sam Cross has taken up the role of operations while John Manning is now sales director. All three will report directly to PTP’s present director Scott Laughlin.
GMAC-RFC has made four promotions and one appointment to its partner division. Mark Bonshor and Gordon Rae have been promoted to newly-created positions of divisional managers and will be responsible for managing a northern and southern team of business development managers. Imelda Harding and Hayley Young have been promoted from regional sales executives to BDMs. Lee Shuell also joins GMAC as a BDM, having worked for Infinity Mortgages.
Halifax Intermediaries has announced that Paul Silcock has been made national intermediary account manager. Previously senior project manager, Silcock will focus on building relationships with national accounts and helping to develop and grow the Halifax broker proposition.
Money Partners Touch, the direct-to-broker channel of lender Money Partners, has appointed Sheryl Andrew as business development manager for the North of England. Covering Yorkshire, the North-east and the North-west, Andrew, who joins from the London Mortgage Company, will be responsible for developing the firm’s offering and building relationships by marketing direct to brokers and IFAs.
Portman Building Society has made Jeremy Cook its new national accounts manager. He joins from Friends Provident, where he was mortgage relationship manager, responsible for managing and developing the mortgage, general insurance and packaging proposition. In his new role, Cook will manage and co-ordinate relationships with mortgage clubs, networks and big national intermediary connections.
Advantage has poached Mortgages plc’s Nick Parker to become regional sales manager for the Midlands. Parker was an area sales manager at MPLC and a mortgage consultant at Countrywide. He has also held roles at Britannia, including branch manager and project implementation manager.
The Jelf Group has brought in John Hiew as a consultant to grow its private-client proposition. He will report to group chief executive Alex Alway and help develop a range of initiatives for new and current private clients and increase the group’s funds under management. Hiew was managing director of Clerical Medical Investment Group.
Scottish Widows Bank has appointed Richard Clark as head of product development and marketing. He joins from Sainsbury’s Bank, where he was head of marketing communications. He will report to managing director Graeme Hartop and will be responsible for product design and marketing communications for the bank.
Former Tenet Group chairman Barry Kayes has joined SimplyBiz and will set up an advisory board at the support service provider. Kayes resigned from Tenet in October last year after 10 years with the firm. He is also a member of the Chartered Insurance Institute’s faculty of life and pensions advisory board, Aifa executive council and the Association of Mortgage Intermediaries. He is also heading Aifa’s retail distribution review with the FSA.
Thinc Group recruitment director John KilburnToppin has joined The Money Portal as head of strategic growth. Thinc says Kilburn-Toppin’s position was made redundant but his duties of adviser recruitment have been taken on by group acquisitions director Nick Boyle. Kilburn-Toppin will be working closely with TMP’s management to support their ambitious growth plans.
Bankhall director of sales Tony Murrell has resigned after 10 years to join his former boss Paul Hogarth at new company, Paradigm Partners. The new support services proposition launched last week and will see Murrell taking joint responsibility for adviser recruitment alongside Leigh Cobb, who was also formerly at Bankhall, in the role of operations manager at Portfolio Member Services.