GLOBAL - JPMAM, State Street Trustees, BESTrustees, Invesco Perpetual, RBC Dexia, First State Investments, GE Asset Management
JP Morgan Asset Management - Ronald Nagel will be appointed head of JPMAM’s Netherlands institutional business, effective 1 July. Based in Amsterdam, he will be responsible for the company’s institutional presence in the Netherlands, leading a team of advisers covering Dutch clients and prospects. Nagel will also take over client relationships from Brian Strange, who will retire in 2012. He joins from AllianceBernstein, where he was managing director for Benelux institutions. He has previously held positions at Vanguard Investments Europe, ABN AMRO Asset Management and Stichting ASW.
State Street Trustees - Alan Robertson has joined as head of UK Trustee and Depositary and managing director of State Street Trustees. He joins from Scottish Widows Investment Partnership, where he spent nine years and most recently held the position of head of Investment Operations and Relationships. Before then, was with JPMorgan Investor Services as senior business manager. Robertson will be based in Edinburgh and report to Steve Smit, head of State Street’s Global Services and Global Markets businesses in the UK, Middle East and Africa.
BESTrustees - Harold Lewis has been appointed as an associate. The news marks the second high-profile signing in a month and brings the number of directors and associates who work with pension fund clients to 25. Lewis, who joins on 1 May, is a solicitor, with 15 years’ experience advising as a pensions lawyer. Until his retirement in 2011, he was a partner at Eversheds, a position he held for more than 25 years. He was head of Eversheds’ London Pensions Group for six years.
Invesco Perpetual - Jean-Baptiste de Franssu, head of Invesco Perpetual’s continental European business, has resigned. He will end his day-to-day management of the business at the end of April, but stay on until the end of June to help senior managing director James Robertson, his successor, through the transition period. De Franssu gave no reason for leaving after 15 years at the head of the European business.
RBC Dexia Investor Services - Corinne Vitte will join as director of relationship management in Switzerland, effective 2 May. She has spent the last eight years at Citigroup in senior sales and relationship management. Before then, she spent three year at Brown Brothers Harriman as a relationship manager. She will aim to strengthen existing client relationships in Switzerland and Luxembourg.
First State Investments - Kanesh Lakhani has been appointed managing director in charge of distribution across the EMEA region. Lakhani, who has more than 25 years’ experience in the investment industry, joins from State Street Global Advisors, where he was senior managing director of its UK business. Before then, he was director of sales and marketing at Wells Fargo. First State said the creation of the new role reflected its increasing focus on distribution and sales across the UK and Continental Europe.
GE Asset Management (GEAM) - Dmitri Stockton has been named president and chief executive at the investment manager, succeeding Jay Ireland. Stockton joins GEAM having most recently served as president and chief executive of GE Capital’s Global Banking unit. He is also a senior vice-president of GE Company and a member of GE’s corporate executive council, and serves on the board of the GE Foundation. Ireland will assume a newly created position as president and chief executive for GE Africa.