People moves: L&G reshuffles pensions, direct investing leadership
Legal & General, Mercer, SEI, Invesco, Columbia Threadneedle, Artemis, Northern Trust Asset Management, Nikko Asset Management, AMG, Idinvest
Legal & General – The insurance and pensions giant has reshuffled its senior management team. Kerrigan Procter is moving from Legal & General Retirement (LGR), where he is CEO, to take the same role at Legal & General Capital (LGC). This arm of the company specialises in “early stage” investments in housing, infrastructure and smaller company financing.
LGR’s leadership is to be split into retail and insitutional lines. Laura Mason has been promoted to CEO of LGR’s institutional business. She is currently managing director of LGC’s direct investment operations and head of infrastructure. In her new role she will sit on Legal & General’s board and report to Nigel Wilson, group CEO. Chris Knight has been promoted to CEO of LGR’s retail arm, having previously been managing director of that section of the business. The changes will take effect from the New Year.
Mercer – Pensions adviser Mercer Netherlands has appointed Jacco Maters as its new leader for financial sector clients, as well as member of its management team. Maters joins from Delta Lloyd Asset Management where he was chief executive and group CIO since 2014. He left in October, after Delta Lloyd was taken over by Nationale Nederlanden Group earlier this year. Between 2002 and 2009, Maters was head of asset allocation for Benelux and northern Europe, as well as head of structured solutions, at Lombard Odier. In 2009, he became global head of equity and derivatives at Allianz.
SEI – The fiduciary provider’s institutional business in the UK has appointed Steve Charlton to the newly created role of managing director for defined contribution (DC) pensions, for the Europe, Middle East and Africa (EMEA) region as well as Asia. He will report to Patrick Disney, managing director of SEI’s institutional business and will be part of the institutional leadership team in the UK. Charlton was previously at Vanguard, where he was European DC proposition manager. Before that he worked in consulting, most recently as principal within Mercer’s DC leadership team.
Invesco – Mark Humphreys has joined as head of EMEA client solutions development, a newly created role. He joins from Schroders where he was head of the company’s fiduciary management team. Invesco’s client solutions team offers customised services including model portfolios, risk and portfolio analytics, and practical implementation.
Columbia Threadneedle Investments – The asset management group has hired Lorenzo Garcia from BlackRock Investment Managers for the position as head of EMEA client investment solutions. At Columbia Threadneedle Garcia reports to Jeff Knight, global head of investment solutions, and Mark Burgess, deputy global CIO. Garcia was with BlackRock for 12 years, most recently as head of EMEA institutional and retail portfolio management.
Artemis Investment Management – Jens Steen has joined the UK-based fund manager as head of sales for the Nordic region. He joins from BNY Mellon, where he was head of institutional business for that region.
Northern Trust Asset Management – Martha Fee has been named chief operating officer for the EMEA and Asia-Pacific regions. She was previously at Northern Trust’s Global Fund Services business where she was responsible for the group’s service provision for global asset managers. Prior to joining Northern Trust in 2015, Fee spent 10 years at Janus Capital International.
Nikko Asset Management – The Asian fund management group’s European business has appointed its chairman, John Howland-Jackson, CEO for the EMEA region. He succeeds Udo von Werne, who is leaving the company. The appointment is effective from 1 January and is subject to UK regulatory approval. Nikko AM has also appointed Ian Lewis as head of EMEA sales and global head of consultant relations. He was previously group head of consultant relations. This appointment will take effect from 1 December.
Affiliated Managers Group – The US-listed multi-boutique asset management company has appointed Karen Yerburgh to its board, effective from 1 January. Most recently, Yerburgh was managing partner of Genesis Investment Management, an emerging markets specialist manager. She has also worked at Touche Remnant Investment Management and Lloyds Investment Management.
Idinvest Partners – The €9bn European private equity firm has named Charles Daulon du Laurens as a partner and its global head of investor relations and marketing. He was previously global head of the client capital group within AXA Investment Managers’ real assets division.