Elo Mutual Pension, Mercer, Muse Advisory, Hermes, Saxo Bank, Skagen, March Gestión de Fondos, DeAWM, Santander AM

Elo Mutual Pension InsuranceHanna Hiidenpalo has been confirmed as chief investment officer of the new Finnish pensions mutual, formed following the merger of Pension Fennia and LocalTapiola at the beginning of the year. Eeva Grannenfelt, previously Hiidenpalo’s counterpart at Fennia, was named director of corporate lending, alternative investments and macro view at a meeting of Elo’s board of directors in early January. Grannenfelt’s former head of real estate, Timo Stenius, has assumed responsibility for property at Elo and Jonna Ryhänen has retained her role as head of securities, previously held at Tapiola. Hiidenpalo, Grannenfelt, Stenius and Ryhänen will further all sit on the mutual’s executive investment board alongside chief executive Lasse Heiniö.

Mercer – The consultancy has announced that its UK board now includes four women following the appointment of Siobhan Martin as UK HR director and Martine Ferland as leader of its retirement business in Europe. They join Fiona Dunsire, UK chief executive, and Jane Barker, chairman at Marsh, a non-executive director and chief executive of Equitas. Mercer’s UK Board is led by Sir Peter Middleton, a former group chairman of Barclays.

Muse Advisory – The pensions governance and administration consultancy has appointed Ian McQuade as client director. He joins from Towers Watson, where he was a senior consultant in the benefits practice and part of the UK defined contribution leadership team. Before then, he was head of management consulting at Higham Dunnett Shaw, and operations director at Capita Hartshead.

Hermes Fund ManagersDiego Mauro has been appointed as director and senior investment analyst for Asia. He joins from Legg Mason International Equities, where he has been working as a global emerging market analyst, with a particular focus on Asia. Before then, he worked for the Central Bank of Argentina on its fixed income portfolio.

Saxo BankMatteo Cassina has been appointed to the newly created position of global head of institutional business, based in London. Cassina has served as head of prime access SM at Goldman Sachs and head of total trader at Merrill Lynch. He later served as president of Citadel Execution Services.

Skagen FundsJohan Swahn has joined as a portfolio manager in the Global team. He joins from Stena in Gothenburg, where he has been working since 2008 as an investment manager of Stena Long Term Equity, a global, long-only mandate. Before then, he held sell-side analyst roles at Morgan Stanley, Handelsbanken Capital Markets and UBS Warburg. 

March Gestión de Fondos – The investment fund manager of Spain’s Banca March has appointed Antonio Lopez Silvestre as equities fund manager responsible for the selection of Spanish and European companies. He joins from Exane BNP Paribas, where he was equity research analyst and head of Spanish mid-caps. Before then, he was head of research at Fortis Bank in Spain.

Deutsche Asset & Wealth Management (DeAWM) – Hugo Vere has been appointed director of the real estate investment business. He has held a number of roles including establishing and leading Invista Real Estate’s Asian fund management business based in Hong Kong. During the last year, he has been a consultant to Guidance Investments. He is also an associate member of the Royal Institution of Chartered Surveyors.

Santander Asset ManagementAdam Harnetty has been appointed head of credit research for European fixed income. Harnetty has more than 25 years’ experience, working at Schroders, Invesco, BNP, Kleinwort Benson and Ernst & Young.