People moves: Jupiter appoints former Santander CEO as chair

Jupiter Fund Management – Nathan Bostock, former chief executive officer of Santander UK, has been appointed to succeed David Cruickshank as chair of the firm.

Bostock will join Jupiter’s board as a non-executive director and chair designate on 1 March 2026 and will take on the role of chair, subject to regulatory approval, with effect from 1 April 2026. Cruickshank is retiring and will step down from the board also with effect from 1 April 2026, following a formal handover.

In his executive career, Bostock was CEO of Santander UK from 2014 until 2022 and global head of investment platforms at Grupo Santander until his retirement in 2023. He is currently a non-executive director on the board of Lloyds Banking Group (LBG) and chair of Lloyds Bank Corporate Markets and Lloyds Bank GmbH, both subsidiaries within the wider LBG group. Bostock is also a non-executive director of Centrica.

Bfinance – The independent investment consultancy has appointed Donn Cox as its first head of North America.

Cox, an industry veteran best known for founding LP Capital Advisors and his subsequent leadership positions within Pavilion Alternatives Group and Mercer, will head up a growing team of consultants in the US and Canada across offices in Chicago, Toronto and Montreal.

Cox’s appointment in this newly created role expands the firm’s senior leadership team and strengthens its growing footprint across North America. His arrival closely follows another senior appointment in the region, with Tomas Bylaitis joining the US team in August 2025 as senior director client consulting.

Les Marton (managing director, Canada) and David Ness (senior director, US) will report directly to the new position.

Legal & General (L&G) – The firm has announced two senior appointments, further strengthening its leadership team as it drives forward its ambitious growth strategy as a simpler and better-connected business.

Emma Holden has been appointed as chief people officer and will lead on people strategy, ensuring the company has the right capabilities and culture to support its future growth. She will report to CEO António Simões and will be a member of L&G’s group management committee.

Holden brings deep experience in people leadership, with a particular focus on talent, culture and inclusion. She is currently chief people officer at Man Group and has almost two decades of senior people leadership, including 17 years at Schroders in various positions across HR, communications and investor relations.

Additionally, Andy Sinclair has been named chief strategy and investor relations officer. He will report to CEO Simões and will be a member of Andrew Kail’s CFO leadership team. Sinclair’s appointment builds on the “strong foundations already in place, further enhancing L&G’s strategic and investor relations capabilities and helping to sustain momentum and focus on long-term performance”, it said.

L&G’s group strategy and investor relations team will report to Sinclair, who is currently managing director and head of the European insurance team at Bank of America Securities. He brings nearly two decades of actuarial and analyst experience across the insurance and finance sectors, including at Bank of America and Standard Life. He is a Fellow of the Institute and Faculty of Actuaries.

Both Holden and Sinclair start in their roles at the end of January 2026.

Separately, L&G has also named Lesley-Ann Morgan as its new global head of DC. She will have responsibility for leading L&G’s DC distribution team and for developing and executing the firm’s client and commercial strategy for DC globally.

The newly created role reflects L&G’s strategic focus on growing its global pensions business, building on its expertise in the UK where L&G is the largest DC pension provider with more than £200bn in total DC assets under management (AUM) and 5.7 million pension scheme members.  It is also the UK’s largest commercial master trust provider with £40bn AUM.

Joining from Schroders, where she held a number of senior leadership roles since 2011, Morgan was most recently global head of pensions and retirement, where she was responsible for the global strategy for pension scheme clients, including driving business development, product design, and market engagement.

Morgan will report to Sarah Aitken, chief client officer, asset management. Jayesh Patel, Head of UK DC Distribution, will report to Morgan and continue to work closely with Paula Llewellyn, CEO of UK DC and Workplace Savings.

Barnett Waddingham – David Barnett has been appointed as head of corporate sole trustee. In this role, he will lead the firm’s strategic approach to the Corporate Sole Trustee (CST) market, developing and promoting propositions designed to deliver measurable value for clients, improve efficiency of governance, and strengthen trustee expertise.

Barnett brings extensive experience and deep relationships across the professional trustee sector, positioning him to drive growth and innovation in this rapidly evolving area. His remit will include overseeing the firm’s specialist sole trustee team, working closely with trustee partners to enhance client outcomes, engaging with the pensions community at key industry events, and shaping the firm’s CST proposition to meet emerging market opportunities.

Through this role, Barnett will play a central part in improving the agility of decision-making, optimising scheme performance, and navigating the changing regulatory and commercial landscape of trusteeship.

TT International – The alpha-driven specialist investment manager has appointed Luke Poulter as CEO. He succeeds Eric Mackay, who is stepping down after more than a decade at the firm and over 25 years in the investment industry.

Poulter and Mackay have worked closely to deliver a smooth and seamless transition, the firm noted, thanking Mackay “for his lasting contribution throughout the past decade”. Poulter’s appointment “reflects an evolution in leadership; his deep knowledge of the firm, strong client focus, and clear strategic vision will provide both continuity and renewed momentum for the business,” it added.

Poulter brings more than 15 years of experience in financial and strategic leadership. He has been a key member of TT’s leadership team for the past five years, serving as chief financial officer and a member of the management committee. His CFO role has been both strategic and commercial in scope, extending well beyond finance to touch all areas of the business.

He joined TT in 2011 as fund accountant, before progressing to take on the CFO role in 2021. Prior to TT, Poulter held roles at RAB Capital and BNP Paribas Fund Services.

Additionally, Christopher Wilson succeeds Poulter as CFO and has been appointed to the management committee. Wilson joined TT in 2021 as head of business management. Prior to this, he was chief operating officer for Shore Capital and head of finance and operations for Mirabaud in London.

PME – Eric Uijen has quit as president of the executive board of Dutch technology and electronics industry pension fund PME, one and a half years before the end of his term.

Uijen, who has been replaced by fellow executive board member Alae Laghrich, will now focus full-time on guiding PME through the Dutch pension transition.

PME is scheduled to move to a new DC arrangement on 1 January 2027. PME has started a search for a new executive responsible for risk management, governance, compliance and finance, the former portfolio of Laghrich.

M&G Investments (M&G) – Andrew Reid has been hired as head of UK institutional distribution, reporting to Neil Godfrey, global head of client group. Reid will lead the distribution team engaging with defined benefit (DB) and DC pension schemes, Local Government Pension Schemes (LGPS) and UK consultants who are responsible for millions of people’s retirement savings in the UK.

Reid joins from BlackRock where he was head of the UK DB relationship management team, leading a team of relationship managers overseeing the firm’s UK DB clients. With more than two decades of experience across actuarial consulting, strategic client management and product development, he has held senior roles at Insight Investment, Deutsche Bank Credit Suisse and Watson Wyatt (now WTW).

Reid brings deep expertise in both public and private markets, as well as a proven ability to lead high-performing teams and deliver client-focused solutions.

Broadstone – The UK-based consultancy has appointed Adam Bexson as a senior consultant within its defined contribution (DC) team.

Bexson joins Broadstone with 20 years of experience working within the DC sector, with particular expertise around the development and delivery of comprehensive governance oversight to provide employers with actions to drive positive change.

He joins from Verlingue where he was senior corporate pension consultant and he has also spent time at Brooks Macdonald, Barnett Waddingham and Alexander Forbes.

At Broadstone, Bexson’s key focus will be helping the firm identify and implement ways to improve outcomes for employers and their employees. He will also focus on creating and developing new client partnerships to contribute to Broadstone’s continued growth and success in the employee benefits consulting market.

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