Isio, Aegon, PIC, PAM, Perpetual, LOIM, Eastspring Investments
Lombard Odier Investment Managers (LOIM) – Aude Dhuivonroux has been appointed as head of LOIM in France, as the firm continues its strategic growth plan to further increase market share in France, Belgium, Luxembourg and Monaco.
Dhuivonroux joined LOIM in January 2022 from Allianz Global Investors, where she was a director in charge of business development for France and Belgium from 2019 to 2021. Prior to that, she spent eight years at Oyster Funds as sales director for France and Monaco and seven years at Société Générale Asset Management in charge of French institutional insurers within the sales team. Her recent role at LOIM was director of wholesale distribution.
In her new role as head of LOIM in France, Dhuivonroux will oversee client service and business development across the entire wholesale and institutional client segments in these markets. She replaces Frédéric Cruzel, who has retired after 12 years at the firm.
Based in Paris, Dhuivonroux reports to Jasbir Nizar, UK CEO and global head of business development at LOIM.
Perpetual – The multi-boutique asset manager and owner of JO Hambro Capital Management and Regnan has hired Warren Tonkinson as head of distribution EMEA, starting in March 2024. This is a key appointment in enabling the firm to enhance its distribution footprint in a key growth region.
Tonkinson joins Perpetual having spent the last three years at Jupiter, where he was the global head of distribution. Before this he held a similar role at Merian Global Investors (formerly Old Mutual Global Investors), prior to its acquisition by Jupiter in 2020.
At Perpetual, Tonkinson will be responsible for growing distribution across Europe, the Middle East and Africa (EMEA), covering sales, marketing, client service and product development. He will continue the expansion into Europe that over the last three years saw offices open in Ireland, France, Germany and the Netherlands, as well as building on the firm’s UK footprint.
Pension Insurance Corporation (PIC) – The specialist insurer of defined benefit (DB) pension funds has made three new key appointments in its origination team.
Tom Seecharan, co-head of origination, has joined PIC from Rothesay’s business development team. He has a wealth of experience in the bulk annuity space and more than 20 years in the pension industry, including previous experience leading KPMG’s pension risk settlement team.
Matt Richards, head of origination structuring, rejoins PIC having worked at Phoenix Group as a senior business development actuary in the bulk annuity team for the past two and a half years. He has 15 years of experience in the pensions and insurance industry and experience of working on several ground breaking bulk annuity transactions.
Louise Nash, origination actuary, has joined PIC from WTW’s pensions de-risking team. She has14 years of experience advising DB pension schemes on bulk annuity transactions and longevity risk management, working with trustees and sponsors to develop their strategies.
Mitul Magudia, co-chief origination officer at PIC, said: “The bulk annuity market continues to thrive, with many commentators anticipating market volumes over £50bn this year. With these new hires and the nine internal promotions we announced last month, we are committed to making sure we have the capacity, expertise and thought leadership to continue to deliver strong growth and innovative solutions to our clients.”
Aegon UK – Christina McComb has been appointed as the firm’s new non-executive director and chair of the board of directors. She replaces previous chair Mike Rogers who stepped down after six years in the role.
McComb joins the board with vast experience in executive leadership roles across private, public and not-for-profit organisations, currently serving as non-executive director for Seraphim Space Investment Trust, Big Society Capital and Nesta.
Previously, McComb served as chair of One Family, a leading UK financial mutual with over 2 million customers and £8bn assets under management – including more than 1 million young people’s Child Trust Funds – and in 2018, was awarded an OBE in the Queen’s Birthday Honours for services to UK industry.
Isio – The investment advisory business has announced three new partners, demonstrating its continued investment for future growth and expansion. Claire Whittaker, Girish Menezes and James Keclik have been promoted to partner.
Whittaker, member of the actuarial and consulting team, has been with Isio from the start; with a strong track record of helping corporate and trustee clients since 2006 across M&A and large-scale pensions projects. As partner, She will play an active leadership role supporting the firm’s growth ambitions in London, supporting clients including advising on strategic scheme governance projects.
Menezes, head of administration at Isio, has more than 25 years of expertise in business strategy, proposition development, sales, and operational delivery. As partner, he will continue to lead Isio’s pension administration team, an area of rapid growth for the firm. Menezes is also a board director of the Pensions Administration Standards Association (PASA) and a member of the Advisory Council of the Pensions Management Institute.
Keclik, head of Isio’s Reading office, and part of the actuarial and consulting team, has been supporting clients at Isio since 2009 and has a strong track record and breadth of expertise in the pensions industry. As partner, he will continue to lead the Reading team, alongside playing a wider strategic role nationally meeting clients’ needs through more diverse Isio offerings.
Eastspring Investments – The $216bn asset management business of Prudential has appointed Salman Haider as chief distribution officer.
Based in Singapore, he will report to Eastspring’s chief executive officer and interim chief investment officer Bill Maldonado and will join the Eastspring executive management committee.
Haider is a seasoned financial services leader with particular expertise in managing and growing businesses catering to wealth management clients in Asia and EMEA. He brings 25 years of experience to the role, joining Eastspring from Habib Bank AG Zurich in Dubai where he was CEO for global wealth management. Prior to that, he held leadership roles in the private banking teams at Barclays and JP Morgan, after 13 years with Citigroup in various senior roles covering wealth management and global markets.
Pacific Asset Management (PAM) – Sebastian Stewart has been appointed as partner and head of US institutional business development, based in PAM’s London office. He will report to global head of institutional sales, Mary Murphy.
Stewart joins having spent over a decade at Somerset Capital Management where he had been a partner, head of client services and deputy head of marketing. He was responsible for building institutional client relationships across North America, Europe and Asia, with a particular focus on pension funds, foundations, endowments and other professional investors in the US.
Stewart is also chair of the Independent Investment Management Initiative (the IIMI), a think tank, lobby group and networking platform representing specialist asset management firms globally.