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People on the move

Skandia Life founder and chairman of Nucleus Financial Group Paul Bradshaw has become chairman of River & Mercantile Group. The group was formed by the recent merger of P-Solve with River & Mercantile Asset Management. Bradshaw will oversee the firm’s growth strategy and work closely with its executive team, led by chief executive Mike Faulkner.

Partnership has created the role of director of defined benefit solutions for new hire Costas Yiasoumi as it looks to grow the medically underwritten bulk annuity market. Yiasoumi has over 20 years’ experience in the bulk annuity industry and also has actuarial experience. His past roles include head of longevity solutions at Swiss Re and executive director at JP Morgan Chase and European principal at Mercer Human Resource Consulting.

Marc Harris has joined bridging lender Dragonfly Property Finance as chief operating officer. Harris joins from Fidelity Worldwide Investors, where he was a director. Between 2008 and November last year, he served as chief operation officer of Pyramis Global Advisors UK, Fidelity’s institutional asset management company.

Square Mile Investment Consulting & Research has appointment John Monaghan as senior investment research analyst. Monaghan joins Square Mile after five years at S&P, where he was associate director for fund research. He focused mainly on emerging markets equity funds at S&P but will have the broader remit of equity funds at Square Mile.

Mark Pearson MM blog

City Financial has appointed Mark Pearson (pictured) as marketing director. He was previously head of investment strategy and communications at Aegon UK. At Aegon UK, Pearson worked closely with City Financial investment director Peter Toogood and head of investment research Gill Hutchison.

Close Brothers Asset Management has made a raft of appointments to its team of equity analysts. Roohi Siddiqui brings almost 15 years of research experience to CBAM, with previous senior analyst positions at Denny Ellison, Bank of America Merrill Lynch, Schroder Investment Management and Lehman Brothers. Siddiqui will be supported by new hire Lorraine Grace in the area of consumer stocks. Dominic Carver, who has seven years’ industry experience, joins CBAB as equity analyst on financial and healthcare stocks. Close Brothers investment manager Mike Field joins the team to cover energy, material and utility stocks and Charles Coldicott will work on the telecoms, media and technology sectors.

Lifetime mortgage outsourcing service Onyx has appointed Robert Fordham as its operations manager. Fordham joins Onyx from lifetime mortgage provider Stonehaven, where he has spent the past two years overseeing the firm’s third-party client servicing division. He has also worked for Beacon Home Loans and the London Mortgage Company.

Aldermore Bank managing director for residential mortgages Charles Haresnape has succeeded David Finlay as chairman of the Intermediary Mortgage Lenders Association. Haresnape was appointed deputy chair of Imla in 2012 and will serve as chairman until the next board election
in November.

Wealth manager Towry will replace its outgoing chairman, Gerald Corbett, with former Northern Rock executive chairman Ron Sandler in June. Corbett is due to leave Towry in May to focus on his new role as head of Numis’s board of directors. Sandler was appointed executive chair at Northern Rock in 2008. He has also been chairman of Phoenix Group and Paternoster and was formerly chief operating officer at NatWest and chief executive at Lloyds of London. Towry has also appointed Geoff Unwin, chairman of technology and outsourcing consultancy XChanging, as a non-executive director.

Scott Spencer

F&C Investments has expanded its multi-manager team with the addition of Scott Spencer (pictured). He will join the team, led by Rob Burdett and Gary Potter, in July. Scott joins from Aberdeen’s Multi Asset Solutions team, where he was responsible for several multi-asset and single-country funds. Between 2004 and 2009 he was a portfolio manager within Credit Suisse Asset Management’s multi-manager division, which was founded by Burdett and Potter.

Former banker Mark Boyle has replaced Michael O’Higgins as chairman of The Pensions Regulator. Boyle has held senior roles at Lloyds Bank and Kleinwort Benson. He was previously director and chief operating officer of the Shareholder Executive, part of the Department for Business, Innovation and Skills.

True Potential Investments has made two new hires. Former BlackRock compliance and monitoring vice president Sheriden Davy becomes head of risk and compliance, while Colin Beveridge joins as chief investment officer. Beveridge was previously investment director at Scottish Widows Investment Partnership.

Premier Asset Management has boosted its multi-asset team with the appointment of Nick Kelsall, who moves across from the firm’s private client portfolio management team. Kelsall joined Premier in 2001 and previously worked at Rensburg Sheppards.

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