London CIV, Hamilton Lane, Alpha, zeb, Lyxor, GAM, ATP Real Estate, AP7, 7IM, IR+M, Loomis Sayles, Aberdeen Standard Investments
London CIV – Following an open recruitment process, the £16.7bn (€18bn) asset pooling vehicle for London local authority pension funds has appointed three high-calibre candidates to non-executive roles.
Kitty Ussher and Alison Talbot will join the board as non-executive directors in late September while Michael Green will be an additional independent non-executive member of the investment oversight committee.
Ussher is an economist, former Lambeth councillor and MP who served as economic secretary to the Treasury (City minister) during the financial crisis of 2007-08. Talbot has more than 20 years experience in senior roles in financial services. Her most recent C-suite executive role is as chief legal officer of Aegon Asset Management Europe/Kames Capital plc.
Green is currently independent chair of trustees and chair of the investment committee for the Lloyd’s of London DB pension scheme. In his recent executive career he was international CEO for American Century Investments (2008-1018) and Morgan Stanley Investment Management (MSIM).
Lord Kerslake, chair of London CIV, said: “We are really pleased to have appointed two new NEDs with complementary skills and experience, who will bring different perspectives to the board’s discussion and the NEDs work with the executive team. We also took the decision to appoint an additional member to the IOC to support us to move forward at pace in developing our fund and additional services offer to meet client needs.”
Hamilton Lane – Managing director Paul Yett has been named director of ESG and sustainability at the private markets investment manager.
His responsibilities will include managing ESG integration throughout the investment processes across the fund, direct investment, secondary, real asset and direct credit teams and driving ESG policy development and advising deal teams during due diligence.
He has been with Hamilton Lane for more than 20 years, and a longstanding member of its diversity, equity and inclusion council, which he helped form in 2015.
Alpha Real Capital – The specialist manager of secure income real assets has appointed Roger Mountford as senior adviser (pensions). He has held a range of board and trustee positions across the private and public sectors and chaired several large pension schemes. He has a special interest in private assets, including infrastructure, social housing, and private equity.
Mountford is currently chair of the trustee of the Lafarge UK Pension Plan, is a government-appointed director of HS2 Limited and has served on the boards of the Allied Domecq, Civil Aviation Authority and Church of England pensions boards.
zeb – Sustainable finance expert Axel Hesse has joined the German strategy and management consultancy for the European financial services industry, where he will focus in particular on ESG integration in the risk management of banks, insurance companies and asset managers.
A banker with a PhD on the topic of sustainable banking, in 2012 Hesse launched SD-M, which created standards for sustainability indicators on behalf of the German finance ministry. Hesse will remain a shareholder of SD-M.
Lyxor Asset Management – Heike Fürpaß-Peter has been appointed as head of Lyxor International Asset Management SAS Deutschland, effective 5 October. Her appointment is subject to the relevant legal and regulatory approvals.
Previously head of Lyxor ETF for Germany & Austria, Fürpaß-Peter will succeed Guillaume de Martel, who is taking new responsibilities at Societe Generale.
In her new role, Fürpaß-Peter’s focus will be to further expand Lyxor’s footprint in Germany, following last year’s integration of Commerzbank’s EMC asset management activities and the resulting combination of both entities’ teams and product ranges. Based in Frankfurt am Main, she will report to Lionel Paquin, CEO of Lyxor Asset Management, and to Guido Zoeller, group country head Germany and Austria at Societe Generale.
GAM Investments – Jill Barber has been appointed as global head of institutional solutions at GAM Investments. She will report directly to group CEO Peter Sanderson and will be a member of the senior leadership team. She will join the firm on 1 November.
In this newly created global role, Barber will be responsible for strengthening the firm’s client proposition for institutions. She will partner with Jeremy Roberts, who joined the firm on 1 September as global head of distribution with a focus on wholesale clients, and together they will lead GAM’s sales and distribution efforts.
Barber brings 25 years of experience in sales, business development, client relationship management and consultant relations. She joins GAM from Jupiter Asset Management, where she was global head of institutional. Prior to that, she was head of institutional for the UK and Ireland at Franklin Templeton Investments and she has also held senior distribution roles at Hermes and Fidelity Worldwide Investment.
ATP Real Estate –Jesper Kjer has been hired by the property arm of Denmark’s largest pension fund ATP as asset manager, and will start work at ATP Real Estate on 1 November. Kjer currently works at senior customer relations manager at property firm Newsec. In a post on LinkedIn, ATP Real Estate said Kjer would work “strategically and proactively with the development of the portfolio and will be responsible for ensuring an optimal framework for the people who go to work in the properties every day”.
AP7 – Roine Vestman has been appointed by the Swedish government as a new supervisory board member of AP7. Vestman, who is associate professor of economics at Stockholm University, took up the role on the board of the Swedish premium pension default fund on 10 September, and is to continue until the fund’s 2020 accounts have been adopted, according to a statement by AP7.
7IM – The UK-based asset manager has appointed Adrian Grace as chair of its board, replacing Ian Owen who steps down from the role after approaching five years. Grace brings with him vast industry experience in a career spanning 40 years in financial services and technology companies. Most recently he was non-executive director and remuneration committee chair at Virgin Money and, up until his retirement in March this year, was CEO of Aegon UK for almost 10 years.
Prior to this, Grace held various senior leadership positions at HBOS, Barclays, Sage and GE Capital. As a result, Grace brings significant expertise and knowledge in combining technology and financial service solutions, as well as extensive M&A experience. He also has significant familiarity of the Scottish market, in which 7IM has a substantial presence following its acquisition of TCAM in 2018, having worked and lived in Edinburgh for over 20 years in a variety of roles.
Income Research + Management (IR+M) – Allison Walsh has been named as head of ESG and corporate sustainability, a new role. A four-year veteran of the $83.6bn fixed income asset manager, in her new role Walsh collaborates with the investment research and portfolio teams to enhance integration of material environmental, social, and governance (ESG) factors into the investment process.
Walsh joined IR+M in 2016 as a client portfolio manager. She served as the main point of contact for portfolio reviews and market updates for the institutional and private clients IR+M serves. Prior to joining IR+M, she was the director of portfolio management at Sun Life Financial, where she assisted in the management of fixed income portfolios to maximize risk-adjusted return and coordinated investment activities to achieve portfolio objectives.
Walsh reports to Brooke Anderson, director of investment product management.
Loomis, Sayles & Company – The affiliate of Natixis Investment Managers, announced that John Gallagher, executive vice president, member of the board of directors and director of institutional services, will retire in March 2021 after 31 years with the company. As director of institutional services, Gallagher oversaw sales, relationship management, consultant relations, marketing and new business development for the firm.
“For more than three decades, John has served as one of the primary representatives of our organization. In many ways, Loomis Sayles’ global reputation for integrity and transparency has emanated from how he has conducted himself,” said Kevin Charleston, president and chief executive officer.
In preparation for Gallagher’s retirement, Maurice Leger has been named director of global institutional services to immediately begin transitioning oversight of global distribution efforts. In this role, Leger is responsible for distribution and client advisory functions, which include sales, relationship management, consultant relations, marketing and product management.
Leger is also a member of the firm’s board of directors. Previously, he led the firm’s product management and strategic planning group.
Additionally, Christopher Perkin has been named managing director of North American business development. As the founder and leader of the Loomis Sayles strategic relationship team, Perkin has established a team-based operating model that has grown the firm’s global sub-advisory business from $14bn (€11.8bn) to over $60bn since 2012.
Finally, Gene Morrison has been named director of product management for the firm. Previously, He led the relative return team’s product management efforts, helping to expand the platform’s global footprint and increase platform assets under management from $44b to $101bn since joining in June 2014. Morrison and Perkin both report to Leger.
Aberdeen Standard Investments (ASI) – Mark Redman has been named to succeed Peter McKellar as global head of private markets at Aberdeen Standard Investments. After more than 20 years with the business McKellar will retire at the end of September. Redman will join in October, subject to regulatory approval.
Redman was previously global head of private equity at Ontario Municipal Employees Retirement System (OMERS). In his new role, he will be supported by Neil Slater in his capacity as deputy head of private markets and global head of real estate.
ASI has a long track record of managing private market strategies spanning real estate, private equity, infrastructure, real assets and private credit, and it has developed several innovative private markets solutions. It has £55bn (€59.5bn) of assets under management in private markets portfolios.