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People on the move

17 May 2007


Kathryn Langridge

is leaving Invesco Perpetual after 17 years. Langridge, who was head of international equity products and ran three funds at Invesco, is joining Lloyd George as head of emerging markets. Invesco chief executive and chief investment officer Bob Yerbury is taking over the £1.5bn international equity fund, which he relinquished to Langridge in 2004.

Langridge also ran the £271m global smaller companies fund since 1990 and the £57m emerging countries fund since 2004.

Standard Life Investments’ star fund manager Mark Niznik has resigned from the firm to join investment boutique Artemis. Niznik, who has managed the £369m SLI UK opportunities since 2002, joined SLI from Invesco Perpetual, where he managed the UK smaller companies fund. SLI has since placed him on six months garden-ing leave. SLI UK smaller companies manager Harry Nimmo is to take over from Niznik. he will work on the Artemis smaller companies range with John Dodd and Derek Stuart.

Richard Moore and Hak Salih have both joined Santander Asset Management as the firm brings more than £1.5bn of assets back in-house. Former Old Mutual large cap manager Moore takes on the £1.2bn Abbey National growth fund assisted by Peter McLoughlin, who joins from Insight Investment, where he was an equity analyst. Salih takes over the £311m Abbey National equity income portfolio from State Street Global Investments, having worked at M&G.

Six of Barings’ private client fund managers are moving to join Sarasin Chiswell. Nicholas Evans, Sam Jeffries, Tina Plank, Mark Fairbanks Smith, Andrew Stewart and David Vickers are all joining as part of the firms attempts to build the private client side of the business.

Cartesian Capital Partners has appointed Jeremy Hall from Teather and Greenwood. Hall worked with Cartesian founder members Andrew Kelly and David Stephenson at SVM on the UK opportunities fund.

Credit Suisse is to add to its UK equity team with the appointment of Marcus Hankey as director and portfolio manager. Hankey joins in early July from Legal & General, where he was the lead manager of four UK equity portfolios valued at £1 billion and was also responsible for £500m of UK equity life fund assets.

Hankey will be the lead manager of the £94m retail Credit Suisse growth & income fund and will assist the team managing over £3 billion of institutional funds, including high alpha mandates.


Stephen Knight

, executive chairman at GMAC-RFC, has announced he will be leaving on September 30 after 20 years at the firm. Managing director of strategy and investments Simon Knight will take over as chief executive. Rob Daniell has been appointed non-executive chairman.

Kevin Duffy has been hired as managing director at Robert Sterling. The former Hamptons Mortgages managing director will take up the role at the brokerage on October 1. He will be in charge of growing its 150 advisers.

Mortgage Express has appointed Gus Park as director of intermediary sales to replace Adrian Scott, who has left to join Heritable Bank as managing director of residential mortgages.

Savills Private Finance has appointed Miranda John as international manager. John joins from Blevins Franks Group and has worked in European lending for 17 years, with previous banking experience at BNP Paribas.

Julian Wells, head of marketing at Mortgages Plc, is to leave the company at the end of July to go travelling. The company is looking for a replacement.

Tony Hall has been appointed as senior manager for retail distribution at Stroud and Swindon. He joins from Skipton Building Society, where he was regional manager for the South-west.

John Cupis has joined mortgage network Sesame in a newly created role as head of mortgages and general insurance. He worked for Legal & General as mortgages and propositions director.

Operations director Jon O’Brien is to leave The Professional Mortgage Packagers Alliance at the end of May to take up a new position as head of third-party lending at Newcastle Building Society.

Life and pensions

Bupa Individual Protection has appointed Chris Pollard as chief underwriter. Pollard was formerly at Skandia working in the same role and has worked for various industry bodies such as the Association of Medical Underwriters.

The Association of British Insurers has appointed former Standard Life head of public affairs Margaret Craig as its new director of life and savings. Before Standard, Craig was responsible for pensions development at Scottish Equitable and will be joining the ABI in July.

Pioneer Friendly Society has appointed Le Beau Visage protection consultant Peter Le Beau as a non-executive director. Le Beau has worked in the financial services industry for over 30 years, having worked at Swiss Re before setting up Le Beau Visage in 2001. The friendly society has also appointed Carl Northover, previously at LV= as finance director. With over 20 years’ experience, Northover joins Pioneer as finance director. He was financial reporting actuary at LV= and prior to that, he held positions at Permanent Insurance and Medical Sickness Society.

Legal & General UK Business Operations executive director Robin Phipps is to retire from the firm and will stand down from the board on July 13. Protection and annuities executive director John Pollock and wealth management executive director Kate Avery will continue in their roles, reporting to group chief executive Tim Breedon.

Former JP Morgan Cazenove vice-chairman Terry Eccles has joined Pearl as director of merger and acquisitions. Eccles worked at JP Morgan for 30 years and worked on many transactions, including advising TSB on its merger with Lloyds, Banco Santander on its acquisition of Abbey National and Barclays on its purchase of South African retail bank ABSA.

Eccles will work part-time with Pearl Group and will be responsible for dealing with acquisition opportunities.

Skandia MultiFunds and Selestia marketing director Bill Vasilieff will leave the business this summer when the combined platform launches. The combined sales teams will be headed by sales director Dave Chessell, who will work alongside sales director (national accounts) Steve Powell. Billy Mackay will take on the role of head of marketing for the UK, Graham Bentley will become head of investment marketing for UK and Colin Jelley continues as head of tax and financial planning.

Aviva UK group executive director Patrick Snowball will leave the group at the end of June to take up the role of deputy chairman at Towergate Partnership which has led to a shake-up of the executive team. Current group finance director Andrew Moss has been appointed group chief executive with effect from July 12. Executive director Philip Scott will become group finance director and will retain his responsibility for asset management. Chief executive of Aviva Europe Tidjane Thiam and Norwich Union Life chief executive Mark Hodges will continue in their current roles. Aviva USA chief executive Tom Godlasky will become chief executive, North America and will lead Aviva’s operations in the US and Canada. Norwich Union General Insurance chief executive Simon Machell will become chief executive, Asia Pacific and will lead Aviva’s Asian and Australian businesses.

Resolution has appointed Hugh McKee as head of UK new business which was a role created when Resolution acquired the life companies of Abbey last year. McKee will be responsible for leading the development of the Scottish Provident and Phoenix business lines sold through Resolution’s different distribution channels. He joins from Prudential.


Cofunds and Threadneedle head of communication Richard Eats retired last month from the firm but will continue to head PR for Cofunds until he moves to New Zealand.

Eats will be replaced by former Shell head of corporate identity Judith Everett. She will be part of the senior marketing team reporting to marketing director Denis Tumbult.

Positive Solutions IT director Richard Clarke, director of wealth management Mark Henderson and incoming head of distribution Earl Glasgow have moved over to True Potential to work under David Harrison in his new role as managing partner. Harrison will remain as executive chairman but will focus his time on developing True Potential.

Although longer-term plans point to chief executive Neil Johnson becoming a partner at TP, he is making no immediate steps to leave Positive Solutions.

Positive Solutions marketing manager Daniel Harrison has been made senior partner and responsible for marketing at TP and will be replaced by his younger brother Philip.


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The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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