Dutch Investment Institution, BlueBay Asset Management, International Organisation of Pension Supervisors, Oddo Asset Management, CMS, Cantor Fitzgerald Europe, Legg Mason Global Asset Management, Martin Currie
Dutch Investment Institution – Jan van Rutte, former CFO at ABN-AMRO, has been tasked by the Dutch Treasury with setting up the Dutch Investment Institution (NII), which is to prepare projects in the care and building sector, as well as infrastructure projects, as an investment for pension funds and insurers. He has also been tasked with shaping the yet to be established National Mortgage Institution (NHI), and determining how it might be placed with the NII. In addition, Van Rutte is to investigate how institutional investors can contribute to the financing of large energy projects.
BlueBay Asset Management – David Keel has been appointed director of sales for Switzerland. He joins from Lyxor, where he was head of institutional asset management sales for Switzerland. Before then, he worked for Barclays Capital Fund Solutions, where he was responsible for its Swiss institutional client business. Separately, Luc Leclercq has joined as partner, COO and member of the Management Committee. He joins from State Street, where he was responsible for managing client relations in the middle-office business. Before then, he worked at F&C Asset Management for eight years. He started his career at JP Morgan, where he worked from 1986 to 2002 in various roles including business manager for the European fixed income business and head of the EMEA Middle Office.
International Organisation of Pension Supervisors (IOPS) – Edward Odundo, chief executive at Kenya’s Retirement Benefits Authority, has been appointed chief executive. He succeeds Ross Jones, former deputy chair at APRA, the prudential supervisor of the financial sector in Australia. Solange Berstein, Pensions Superintendent of Chile, continues to serve as chair of the IOPS Technical Committee, while Edgar Robles Cordero from the Pensions Superintendence of Costa Rica was appointed to serve as the organisation’s vice-president.
Oddo Asset Management – Carsten Nerge has been appointed country head in charge of developing and diversifying Oddo’s client base in Germany and Austria. He joins from Warburg Invest in Germany, where he was head of institutional sales. Before then, he worked at the institutional sales branch of BNP Paribas Investment Partners, having begun his career as a portfolio manager at Schopper, Nerge & Partner AM.
CMS – Keith Webster has been re-appointed as a partner in the pensions team, effective 1 January 2014. Webster – who is also chairman of the Investment Committee of the Association of Pension Lawyers – originally joined CMS in 1996 as a trainee, becoming a partner in 2004. He left the firm in 2011 to join Osborne Clarke.
Cantor Fitzgerald Europe – Jose Contreras and David Coffey have joined the credit fixed income sales and trading team in London. Contreras will focus on high yield, distressed and asset-backed securities in Spain and Portugal, while Coffey will focus on sales and sourcing for investment grade, high yield, leveraged, distressed and aircraft bonds and loans. Contreras joins from Yorvik Partners. Coffey joins from Ria Capital Markets.
Legg Mason Global Asset Management – Tom Ormrod has been appointed business development director for the south of England. He joins from F&C, where he had been a sales director since 2010. Before then, he spent four years at Thames River Capital.
Martin Currie – Tommy Bryson has been appointed investment analyst in consumer research. He joins from Alliance Trust, where he spent five years as an investment manager, co-managing the Alliance Trust European Equity Fund. Before then, he worked at HSBC Bank as an equity analyst.