Vervoer, De Eendragt, KPMG, Amundi, IFM Investors, GAM
Vervoer – The €15.8bn pension fund for private road transport in the Netherlands, has appointed Marjolein Sol as its new CIO, effective 1 August. Sol is to succeed Patrick Groenendijk, who recently started as practice leader at Northern Trust’s Chicago-based fiduciary management team. From 2012 to 2013, Sol was a board member at Mercurius, the pension fund for financial services – including communications watchdog AFM and Euronext – which is currently in the process of liquidation. Before then, she was CIO at Syntrus Achmea Asset Management and senior adviser at insurer Achmea. Vervoer’s new CIO has also been business leader for IC Benelux at consultant Mercer, director of fixed income and equities at the €158bn asset manager PGGM and head of credit derivatives at Rabobank.
De Eendragt – Philip Menco has left as director of the €1.5bn life insurer and pensions provider De Eendragt Pensioen. He has been succeeded by Albert Bakker, a former interim manager and senior programme manager at insurer Achmea. Menco is still deciding on his next opportunity, he said. At the same time, André van Vliet has succeeded Tom Nieuwenhuizen as CFO at De Eendragt. Nieuwenhuizen is to fully focus on the company’s clients.
KPMG – Julie Patterson is to join the global accountancy and consultancy firm as a director in its European financial services regulatory centre, covering the investment management industry. Patterson is known for her prior position at the Investment Management Association, where she was director of regulatory affairs for investment funds and retail. Patterson spent 15 years at the IMA before deciding to join KPMG, representing fund managers through a raft of new regulatory changes.
Amundi – Peter Brackett has been appointed head of global consultant relations for the French asset manager. Brackett joins the firm from American Century Investments, where he helped build the UK institutional business. He also held similar roles at Morgan Stanley Investment Management, and was previously an investment consultant at Aon Hewitt. He will be based in London and will look to develop Amundi’s reputation among consulting firms.
IFM Investors – John Carey has been appointed as investment director for European infrastructure debt at the Australian firm’s London office. Carey will be responsible for the origination, analysis and execution of debt investments made in the UK and Europe. He joins from Moody’s, where he was a senior analyst in infrastructure finance. He also has experience with Barclays, in infrastructure finance, and KPMG.
GAM – Gary Singleterry and Tom Mansley are set to join the Swiss asset management group after it acquired Singleterry Mansley Asset Management, of which they were principals. Alongside the founders, the entire investment team will also transfer across to GAM. The pair founded their firm in 2002, which has AUM of around $400m (€294m). Its consolidation into GAM is expected to complete later this month.