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Investment

Simon Ellis is taking on the newly-created position of head of multi-manager business at Fidelity. Ellis was head of UK retail with Axa Investment Managers as well as chief executive officer of its multi-manager business. He will be responsible for developing Fidelity’s multi-manager business and for expanding distribution across all the group’s markets.

David Gallagher has joined Barings Asset Management to head its North American institutional sales operation. Gallagher will be located in the firm’s Boston office and report to George Harvey, Barings head of sales, business development and client service. Gallagher has 16 years experience in investment and has previously worked at both SEI and Franklin Templeton.

JPMorgan Asset Management has recruited Neill Nuttall as chief investment officer and head of the global multi-asset group (GMAG). Nuttall moves over from the company’s currency group, where he is managing director and global strategist.He spent 14 years with Jardine Fleming in Hong Kong, where he worked on currency, Asian fixed income and convertible bond management.

Peter James Pih has been made head of quantitive portfolio management at Aegon Asset Management. Pih has 19 years of investment management experience, including four years at Goldman Sachs Asset Management as head of active equity portfolio construction.

John Hatherly has joined the asset allocation team at Seven Investment Management. Hatherly has 36 years’ experience working in the City and became head of research at M&G in 1996. He stepped down from his position as head of global analysis at the company at the end of 2005.

Resolution Asset Management has poached Stuart Richards, John Payne and Marina Akopian from Baring Asset Management to head an emerging markets boutique. The new boutique will be a joint venture between Resolution and the three managers, who will be initially based at the firm’s London Office.

IFAs

BBB group marketing director Carey Shakespeare has left the group to join Park Row as commercial director, taking responsibility for acquisitions, recruitment and augmenting its programme of adviser development workshops which will introduce new practical sessions for advisers.
Positive Solutions chief executive David Harrison has become executive chairman of the firm, with former chief operating officer Neil Johnson taking over as chief executive officer.

Positive Solutions is currently seeking to recruit a finance director, freeing Johnson up to concentrate on the day-to-day running of the firm.

Bankhall sales director Tony Murrell’s role has changed at the firm and he has become director of sales. He will now be more field-based while partnership director David Golder, who established the firm’s multi-tie, has been appointed distribution director.

IT manager Chris Shaw recently resigned from the firm to pursue a career in property development.

Weston director Roy Donoghue and regional office directors Simon Rowles, Steve Proctor, Steve Moulton, Mark Simpson and Richard Durant will now be Bates branch managers following Bates Invest- ment Services’ acquisition of the former BBB national IFA arm.

Tenet Group’s former investment services division managing director Nick Kelly has joined Thinc Destini as commercial director.

Kelly will take responsibility for its network and GI propositions. David Collett, formerly executive deputy chairman at the group, has left to pursue his non-executive portfolio. Former chief marketing officer Gregg Taylor has been named head of distribution while former group sales director Nick Boyle and Destini operations director Jon Everill have been appointed joint mana- ging directors.

Burns-Anderson training and development manager Adrian Lewis (pictured) has been promoted to head of marketing.

Mortgages

BM Solutions has appointed Chris Pearson as head of sales and marketing. He replaces Martin Reynolds, who left earlier this year to join Michael Bolton’s new lender, Oakwood. Pearson was head of national accounts for Halifax Intermediaries after joining HBOS in 1998. In addition, Christine Rouse has been promoted to head of marketing communications at BM.

Platform has recruited Barclays head of mortgage customer retention Mark Gordon to become head of product development. He will manage a team of three at the Britannia-owned lender and take responsibility for maintaining Platform’s mortgage product range. Gordon was at Barclays for four years after a 12-year spell with Britannia in a variety of roles, including project management, marketing and mortgage acquisition.

Martin Garfoot has joined TMB as regional sales manager to cover the Midlands, the North, Scotland, North Wales and Northern Ireland. Garfoot worked for BM as a business development manager, covering the North-east and Cumbria and more recently Yorkshire and Lincolnshire over the past four years.

The Alliance of Mortgage Packagers and Distributors has announced the appointment of Eddie Smith to the new role of director of operations. He will take up the role in July. He was head of mortgage distributions for Buildstore and has extensive involvement and experience in the mortgage industry.

Mortgages plc has taken on Paul Gould as strategic development director. Gould joins from Abbey. He will be responsible for operational direction, guidance and support and implementation of all strategic initiatives, including IT.

GE Money Home Lend-ing has appointed two new recruits to its second mortgage salesforce. Mark Reed and Tim Horne have joined as national account managers. The pair will work with the bigger national sales team headed up by Julian Nutley.

Life and pensions

Mike Rogers joined Liverpool Victoria as group chief executive this week. Rogers joins from Barclays Bank, where he managing director of UK retail banking. He spent 19 years at Barclays and has worked across its retail, business banking and wealth management divisions.

Mark Hodges has taken over as UK chief executive of Norwich Union following the departure of Gary Withers. Hodges, who was managing director of NU Insurance, will report to executive chairman Patrick Snowball. Hodges’s role is being taken over by former RAC managing director Simon Machell.

Axa has appointed Mike Taylor as chief underwriter for its life and pension business based in Bristol. He joined Allied Dunbar in 1994 as an underwriter and in 2000 became underwriting manager, joining Axa in July 2005 as underwriting development manager. His focus will be on enhancing underwriting controls, underwriting system development and tele-underwriting improvements.

Simon Gadd (pictured) has taken the role of managing director of annuities at Legal & General. Gadd, currently the managing director of group risk, will take over-all control of the annuity business while continuing his existing business responsibilities. Dennis Canham will continue as director of bulk purchase annuity while senior retirement products actuary Phil Naylor will join the team focusing on longevity risk management.

Merchant Investors has bolstered its team with the hiring of three new staff. Katherine Hopkins takes the role of product development manager, Peter Carnell has been appointed as north of England IFA sales and relationship manager and Joanne Ham has been made HR manager.

David Cooper has joined Just Retirement as marketing director. He joins from Bradford & Bingley, where he was reviewing the group’s product supply chains. His role will be to further support the drive to position the business as a key provider of financial solutions for those at and in retirement.

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