TNO – The €2.5bn pension fund of technical research institute TNO has appointed Kostijn van Gerven as director. He replaces Joop Ruijgrok, who has now retired. Van Gerven, who started in his role on 1 October, has been director of finance and facilities at TNO since 2006, and has also been board member of the pension fund during this period.

MN – The fiduciary manager has appointed Donny Hay as its head of clients for the UK. Hay will be responsible for existing clients and developing MN’s fiduciary management business in the UK market.

LawDeb Pension TrusteesGerry Degaute has joined the LawDeb pension trustee team this month. Until June, Degaute was chief executive at Royal Mail Pensions Trustees, where he led trustee support for, and was involved in all aspects of, the Royal Mail Group’s pension schemes.

Schroders – Ugo Montrucchio has been appointed portfolio manager in Schroders’ multi-asset investment and portfolio solutions business. He will be based in London and take up the post in January 2014. He joins from BlackRock’s multi-asset group, where he was a director and a lead portfolio manager for its diversified growth and risk-parity strategies.

Generali Investments Europe – The asset management company of Generali Group has appointed Wilfrid Pham as head of its equity department and Vivek Tawadey as head of credit research. Both will focus on supporting the company’s investment team and ensuring a strong alignment between analyst and portfolio managers.

Lombard Odier Investment Managers – The firm has named Ruud Hendriks to the new post of senior adviser. He will report to Hubert Keller, the managing partner of Lombard Odier responsible for LOIM. Hendriks will work closely with LOIM’s sales leadership to strengthen its distribution capabilities to institutional clients in Europe and beyond.

MacKay Shields – The investment management firm has recruited Matthew Nagele as managing director and head of distribution for the UK and EMEA. Nagele will be based in the firm’s recently opened London office. He will report to John Akkerman, executive managing director and global head of distribution.

Barnett Waddingham – The firm’s compliance officer, Zoe Smith, has joined the committee for the Association of Member-directed Pension Schemes (AMPS). She joins AMPS in place of outgoing chairman and Barnett Waddingham partner Andrew Roberts, who has stepped down after six years as a member and two years as chairman.

iShares – BlackRock’s ETF platform is expanding its EMEA fixed income sales team with the appointment of Jessica Eistrand and Deri Bainge, both joining as directors. While Eistrand will cover the Nordics and Benelux, Bainge will cover Germany, Switzerland and Austria. They will report to Leen Meijaard, head of iShares EMEA sales.

Dalriada Trustees – The trustee firm has recruited Adrian Kennett as head of practice for its ongoing trusteeship business. The appointment will give Dalriada a presence in the South West of England with the opening of new offices in the city, alongside offices in London, Glasgow and Belfast.