Posted inPeople Moves

FSA people moves (21 – 27 April 2021)

HSBC AM appoints new global head of institutional business; Eastspring creates intermediary sales role in the US; Citi names new global head of PB; UK’s FCA steps up ESG focus with new hire; and more.
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HSBC AM appoints new global head of institutional business

HSBC Asset Management has appointed Paul Griffiths as its global head of institutional business. Based in London, Griffiths will assume his role on 5 May and will report to Nicolas Moreau, the firm’s CEO.

Griffiths will be responsible for the commercial development of the firm’s institutional business and leading its institutional sales and client management teams. He is replacing Brian Heyworth, who left the firm last year, according to a press statement.

Griffiths’ appointment also comes after the HSBC AM changed its distribution model last year to operate with a global approach with the creation of institutional and wholesale client businesses, the firm said.

Before HSBC AM, Griffiths was at First Sentier Investors, where he was chief investment officer for fixed income and multi-asset solutions. Prior to that, he held senior roles with firms including Aberdeen Asset Management, Credit Suisse, Axa and Investec.

As of the end of 2020, HSBC AM managed $612bn in client assets, according to the statement.

Eastsprings creates intermediary sales role in the US

Eastspring Investments has appointed Carmen Van Roon Pence in the newly created role of assistant director for intermediary sales for Americas, according to a statement from the firm.

Van Roon Pence will be responsible for growing the firm’s US offshore and Latin American business and will work closely with Eastspring’s third-party distribution partners Atlantic Zargos Financial Partners and Compass. Based in New Jersey, she will report to Matthew Applestein, Eastspring’s head of Americas.

Before Eastspring, Van Roon Pence was the director for intermediary sales at Gam Investments, where she spent the last 25 years covering the US offshore and Latin American markets, according to the statement.

As of the end of December, Eastspring managed $248bn of assets on behalf of institutional and retail clients.

Citi names new global head of private banking

Citi has named Ida Liu as its global head of private banking, according to a statement from the bank.

She replaced Peter Charrington, who left the firm last year.

Ida Liu’s appointment also follows the establishment of Citi Global Wealth in January, which unified the wealth management teams in global consumer banking and institutional client groups. Citi Global Wealth also includes Citi Private Bank and Citi Personal Wealth Management, and is led by Jim O’Donnell.

Liu most recently led Citi’s private banking business in North America over the last two years, according to the statement. She originally joined the private bank in 2007 to create its fashion, media and entertainment group. She subsequently launched and led the bank’s North America Asian clients group and then became global market manager for New York.

Just recently, the bank decided that it will exit the consumer banking business in 13 markets globally to focus on wealth centres in Hong Kong, Singapore, the UAE and the UK. As part of this, it will add around 2,300 employees in its wealth management hubs of Hong Kong and Singapore.

Mercer appoints head of Mercer Sentinel

Mercer has appointed Tricia Nguyen as head of Mercer Sentinel, Pacific, leading the firm’s outsourced due diligence and custody consulting capabilities.

She replaced Peter Baker, who will continue to provide his expertise in a part-time capacity, according to a statement from the firm.

“[Nguyen] has already taken the lead on Sentinel’s services behind the scenes as part of [Baker’s] succession planning, and I’m confident this will be a seamless transition,” Simon Eagleton, Mercer’s institutional wealth leader, said in the statement.

Nguyen joined Mercer in 2015 and has been leading the team in assessing operational risk within investment management operations across all asset classes. She has around 20 years of experience in financial services across asset consulting, custodian operations and relationship management.

As an outcome of the organisational change, Ash Moosa, who joined Mercer in 2015, will assume the role of lead consulting, heading up Mercer Sentinel’s custody consulting services.

Previously reported people moves

Citi, StanChart in Asia wealth hub hiring spree

UK’s FCA steps up ESG focus with new hire (ESG Clarity)

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