PenSam, Allianz, Prudential, Caisse de dépôt et placement du Québec, Invesco, Spence & Partners, JLT Employee Benefits, LawDeb Pension Trustees
PenSam – Torsten Fels, director and the other half of the two-person management team at PenSam Group, is to succeed Helen Kobæk as chief executive. Kobæk, the longstanding chief executive of the Danish labour-market pension provider, is to retire in July after almost 31 years leading the business. Benny Buchardt Anderson, PenSam’s investment director, is to succeed Fels as director.
Allianz – Jacqueline Hunt is to take over responsibility for Allianz’s asset management and US life insurance businesses, succeeding Jay Ralph, who is leaving to devote more time to his family. Separately, Günther Thallinger will assume responsibility for investment management, as well as Global Life and Health, from Maximilian Zimmerer, who will retire. Thallinger currently serves as chief executive at Allianz Investment Management.
Caisse de dépôt et placement du Québec – The Canadian pension fund is to open an office in Delhi, committing $150m (€136m) to renewable energy investments in India. Marangoly Anita George will head the Indian office. She was previously senior director of the World Bank Group’s global practice on energy and extractives. Before then, she was director of infrastructure and natural resources at the International Finance Corporation, a member of the World Bank Group and head of Siemens Financial Services in India.
Invesco – Henning Stein has been appointed head of institutional marketing for the EMEA region. Henning, based in Zurich, joins from Deutsche Asset Management, where he headed up EMEA marketing for the Active business and the company’s academic foundation.
Spence & Partners – Hugh Nolan has been appointed as director. He joins from JLT, where he was chief actuary. He also sits on the Council of the Society of Pension Professionals and is chair of the DC committee of the Association of Consulting Actuaries.
JLT Employee Benefits – Phil Wadsworth has been appointed chief actuary. He previously held the role of chief actuary from 2003 to 2013. He takes over from Hugh Nolan, who has joined Spence & Partners as director. Separately, Andrien Meyers has been appointed as a senior investment consultant. He joins from the London Borough of Lambeth, where he was treasury and pensions manager.
LawDeb Pension Trustees – David Curtis has joined the trustee director team, joining from Standard Chartered Bank, where he was pensions and benefits group head. Before then, he was responsible for pensions at Alstom and Siemens UK.