PFZW/Anbo, Ilmarinen, VBL, AXA IM, Natixis IM, BNPP AM, JP AWM, Deuterium Capital Management
PFZW/Anbo – Peter Borgdorff, the director of PFZW, the pension scheme for Dutch healthcare workers, will become the new president of the supervisory board of Anbo, a lobby organisation for pensioners, after his retirement on 1 January 2021.
“With my 67 years of age, I too now belong to the target group of Anbo,” Borgdorff said in a press release. “This makes me extra motivated to pursue the interests of its members.
“But I also like the prospect of not being involved in pension management anymore – I have done this for 47 years – but to have a supervisory role instead, being more analytical and critical,” he added.
Ilmarinen – Mikko Mursula, the CIO of Finland’s biggest pension insurance company Ilmarinen, has been promoted to the position of deputy president and deputy chief executive officer. Mursula has been CIO at the earnings-related pension provider since 2015, and second deputy CEO since 2018.
Mursula was previously president and CEO of Finnish financial firm FIM Group, but earlier in his career, he worked in various positions within Ilmarinen’s investment department. In his new role as deputy to the €50bn institutional investor’s president and CEO Jouko Pölönen, Mursula will succeed Sini Kivihuhta. She is due to leave Ilmarinen in February 2021, as the company announced back in June, having worked at the Helsinki-based firm since 1983.
VBL – Michael Leinwand will take up his position as chief investment officer at Germany’s Versorgungsanstalt des Bundes und der Länder (VBL) with effect from 1 January rather than 1 April following a decision by the finance ministry, the organisation announced this week.
VBL is Germany’s €24bn supplementary pension provider for public sector employees. Leinwand was most recently at Zurich Group and before that at Gothaer Asset Management AG and GenRe Capital in Cologne.
AXA Investment Managers (AXA IM) – Marcello Arona has been appointed chief executive officer of AXA IM UK & AXA IM GS, effective 1 April 2021 subject to approval from the Financial Conduct Authority (FCA). He replaces Philippe d’Orgeval, who left AXA IM earlier this month.
Arona has been with AXA IM since 2005. John Stainsby will remain interim CEO of AXA IM UK & AXA IM GS in addition to his responsibilities as head of core client group UK until Arona’s appointment is effective. AXA IM GS Limited houses trading and security financing as well as some of the real assets business (hedging) activities.
Natixis Investment Managers – The asset manager has recruited Renan Borne as chief information officer and digital transformation lead. His role wil include acting as a sponsor for Natixis’ Transformation and Technology transversal initiatives across the business’ asset management activities.
He joins from AXA Investment Managers where he was chief IT architect, head of data and head of IT for the real assets business. Before joining AXA IM, he spent 15 years within the investment banking arm of Société Générale with various roles and responsibilities in France and Asia.
Borne will report to Joseph Pinto, global COO at Natixis IM, and Catherine Chedru-Refeuil, head of IT for asset and wealth management, CIB, Natixis.
BNP Paribas Asset Management – Luiz Sorge has been named head of Latin America. He will remain in his current role of CEO of BNPP AM Brazil alongside his new responsibilities for the asset manager’s operations in Argentina, Chile, Columbia, Mexico and Peru.
Sorge joined BNPP AM in 2001. Before then he was associate director of CCF Brasil Asset Management and head of pension products.
JP Morgan Asset & Wealth Management – Tia Counts has been named global head of diversity and inclusion for JP Morgan Asset & Wealth Management. She succeeds Lucida Plummer, who was recently appointed head of employee diversity and inclusion for JP Morgan, a newly created role at the firm.
Counts was formerly head of advancing black leaders for JP Morgan in EMEA responsible for leading the strategy to attract, develop, retain and advance top black talent at all levels of the organisation. She will continue to be based in London and her successor will be named in due course.
Deuterium Capital Management – The US-based manager, with around $1bn in assets under management, has announced it has acquired Jupiter Asset Management’s global dynamic allocation team: John Ricciardi, Dan Matthews, Osman Oszan, Ravi Kishore Booka, Pramila Prasingu and Sarath Kotamarthi.
The price of the acquisition was not disclosed. It covers the entire team, along with the associated intellectual property, including software and analytics. Deuterium will launch a new fund in January 2021, which will be aligned with the existing investment strategy.