UK – Gavin Hill, chief executive of GE Asset Management, has quit to join the board of directors as investment director at pensions liability buyout vehicle Synesis Life under CEO Isabel Hudson.
Hill, 53, is due to join Synesis from the middle of July after some three years at GE AM. Synesis – launched in May – is a provider of bespoke solutions to the pension and annuity liabilities marketplace.
Prior to joining GE, Hill was chief executive of National Mutual Life, where he played a pivotal role in guiding it through its demutualization and transfer to GE in 2002.
He was also chief investment officer at GE Pensions, GE Life and GE Life Fund Management since December 2002, and a fellow of the Institute of Actuaries.
According to Synesis chairman David Newbigging, Hill’s appointment is significant as the firm moves towards completing its first transactions.
In other news, Ella Brown, European equity research chief at Credit Suisse Asset Management, has quit to join ABN Amro Asset Management as global head of equity research.
This is a new position, which will significantly strengthen the asset management outfit’s equity management team, according to a statement.
Brown, based in London, will answer to equities chief investment officer Kevin Smith. She will be responsible for the day-to-day management of ABN Amro Asset Management’s equity research globally.
Brown joins after five years at Credit Suisse. Before this, she was at JP Morgan Investment management for eight years as a technology analyst, and later as a portfolio manager.
“With knowledge of both buy side and sell side research, Brown’s breadth of experience as both a consumer and producer of internal research will bring much to ABN Amro Asset Management’s research platform, which includes 70 career analysts based in America, Europe, Asia and South America,” said Smith in a statement.
ABN Amro AM has some €188bn in assets under management globally.