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People on the move

People on the move in Investment, Life, Pensions and Offshore, Distribution and Mortgages.

Investment

Colin Riddleshas joined SG Asset Management as manager of the group’s small-cap portfolio. Riddles, former manager of HSBC smaller companies fund, replaces Richard Staveley, who joined River & Mercantile last year. Riddles had been running institutional mandates at HSBC following the group’s decision to transfer its own UK smaller companies fund from Riddles to the group’s active quant arm, Sinopia, last August.

Scottish Widows Investment Partnership has strengthened its Japanese equities team with the appointment of Fraser Laird as investment director. Laird, who will run the team’s Japanese equity portfolios, joins Swip from AIB Investment Managers, where he had the role of senior fund manager. He will report to Ian Vose, head of global developed markets.

Chris Crawford has joined Jupiter Asset Management as head of group marketing services. Crawford was previously at First State Investments, where he was head of marketing and communications since October 2002. He will take responsibility for unit trust marketing from Gordon Davidson, joint group managing director of Jupiter Unit Trust Managers, and develop an enlarged marketing function service to all Jupiter business units such as unit trusts, private client, investment trust, SRI and institutional operations.

ABN Amro has recruited George Szemere and Ajay Dayal to its European and Asian equity teams respectively in London. Szemere joins from Goldman Sachs Asset Management and will focus on the promising market opportunities in Europe while Dayal takes up the new position of Asian equity global product specialist, with particular responsibility for promoting ABN Amro Asset Management’s Asia including Japan equity range predominantly in Europe, the Middle East and Asia. Dayal was at M&G Investments as a manager of strategic product analysis.

Fidelity has appointed Schroders global head of product Robert Higginbotham as its European mutual funds president. Higginbotham has held a number of senior marketing and sales positions at Schroders and Prudential and will start his tenure at Fidelity on April 2. He will report to Fidelity International vice-chairman Barry Bateman and join the global operating committee as part of his role.

April Larusse has joined F&C’s government bonds desk to run a number of international portfolios. Larusse was a member of Lehman Brothers’ global fixed-income sales team. She has also worked as head of the sterling bonds team at Newton Investment Management during her 13 years in the investment industry.

Life, pensions and offshore

Scottish Life chief executive Brian Duffin is to leave the firm at the end of March as part of an overhaul of the business.

In the interim, Royal London group chief executive Mike Yardley will take the reins at ScotLife.

Parent firm Royal London has created a new division that will oversee all its IFA businesses which will be headed by John Deane, who joins from Old Mutual in April.

Deane will have overall responsibility for each of Royal London’s IFA businesses – Scottish Life, Bright Grey and Scottish Life International.

Liverpool Victoria has appointed former Barclays programme director of the Woolwich integration Richard Rowney to the new role of group chief operating officer.

Rowney will be responsible for marketing, IT, HR, corporate governance and strategy at Liv Vic. The friendly society has also appointed former Prud-ential director of Prulab Rodney Cook as managing director of its life business.

Aviva has announced the retirement of group chief executive Richard Harvey in July. Harvey says he will be taking a gap year in Africa before considering whether he returns to the City. Group finance director Andrew Moss will succeed Harvey as chief executive and Aviva International executive director Philip Scott will become group finance director. Aviva UK executive director Patrick Snowball will continue to be responsible for Norwich Union, RAC and Aviva’s offshore businesses.

Risk Placement Services has expanded its team with the appointment of Andreas Hector to the position of business analyst. He will manage the development of RPS’s website. Rachel Grigg joins the sales team as sales co-ordinator and will be responsible for building relationships with advisers and customers. Grigg has worked for Prudential and Hector was at Capital Market Daily.

Distribution

New support venture Paradigm Partners chief executive and former Bankhall chief Paul Hogarth has joined the board of Cavanagh Group as a non-executive director. Hogarth plans to help strengthen the position of the national IFA in the investment management sector. John Campbell will move from his non-executive role to become executive chairman on a part-time basis.

Former Portfolio Member Services operations manager Leigh Cobb is leaving Bankhall to join Paradigm as sales manager. Her sister, Lindy Edwards, formerly IT field training manager at Bankhall, is also joining Paradigm Partners as head of IT and training.

Following Capita’s acquisition of Synaptic Systems, Capita-owned back-office system Quay Software has undergone a management reshuffle, with former managing Mitchell Philpott stepping up to become chairman. Dave Gove filled Philpott’s shoes as managing director and will be looking after Quay on a day-to-day basis. The new structure is des-igned to create better alignment of the various parts of Capita’s Project Enabler, also comprising Webline.

JS&P Towry Law has signed up Glyn Jones as non-executive chairman of the group. He was formerly chief executive of Thames River Capital and prior to that was chief executive of Gartmore Investment Management. A chartered accountant, he also brings experience of private and international banking and wealth management.

Positive SolutionsMark Henderson was promoted to the board as director of wealth management after joining PosSol in 2001 as business development manager. He was promoted to assistant director early in 2006 and brings over 20 years’ experience in the high-net-worth and ultra-high-net-worth advice sector.

Tenet has appointed Rupert Robson as non-executive member of its main board. Robson has an extensive track record in financial services, including 10 years at Schroders.

Mortgages

Pink Home Loans managing director Tony Jones has quit following a four-year spell in charge at the Skipton Building Society-owned network.

Jones (pictured), who previously spent 23 years at Nationwide, plans to work closer to his home in Gloucestershire but his resignation has been brought forward by a recurring bout of illness. He has been off sick since November and is expected to pursue a consultancy role when he returns to work.

Pink has also appointed Russell Kennedy to the position of business development manager for the East Midlands. In October, Pink revealed that it was expanding its sales team so that three business development managers would cover the regions currently covered by two managers.

Advantage has announced the appointment of Sara Green as its divisional sales manager for the south. She will be responsible for managing and developing the mortgage lender’s key packager business relationships in the region and joins a team developing close relationships with key accounts and big packagers nationwide.

Just Retirement has recruited Andy Humphreys in the newly-created role of brand and communications manager. He will join the communications team and will spearhead the development of Just Retirement’s planning and marketing activities for its life business as well as its new direct equity-release venture Just Retirement Solutions.

Home of Choice has confirmed the appointment of a new team of area business support managers. Lindsey Forth is area business support manager for the north after joining from MGM.

Colin Keast takes the Midlands role and Alan Gill has been promoted to the role in the south.

GE Money Home Lending chosen Steve Wright as head of new product development. Wright, who has worked for GE Money Home Lending for over four years, has held a number of marketing roles within the business before taking on this role.

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