AustralianSuper, AllianzGI, Tikehau Capital, Redington, Prudential, Eastspring Investments, FRC, HSBC AM
AustralianSuper – The largest superannuation fund in Australia has appointed Mark Hargraves as its head of international and private equity. He joins after 23 years with AXA Investment Management, the last two of which he served as head of AXA IM equity, where he held overall responsibility for €65bn of assets and ran a team of around 60 fund managers.
In his new role, Hargraves will be responsible for leading the fund’s international equities and private equity teams, building internal capabilities, hiring new talent and leading the processes underpinning the growth and development of those portfolios. He will also play a core role in the fund’s investments and London office leadership team.
AustralianSuper is forecast to have approximately £350bn of members’ funds under management by 2030 and will deploy almost 70% of its growing inflows into global markets. The global equities portfolio is expected to grow from £35.3bn today to around £131bn, whilst the private equity portfolio is expected to grow from £7bn today to £28.2bn.
Redington – The independent investment consultant has announced the appointment of Gavin Howard as chief financial officer and executive director to its board.
With more than 30 years of experience in financial services, Howard has been CFO at both IFG Group and Nucleus Financial, as well as having held senior executive positions at firms including Partnership Assurance and Octopus Lifestyle.
Howard joins the business on 1 September, where he will also be a member of the leadership team alongside Sylvia Pozezanac (chief executive officer), Zoe Taylor (deputy CEO) and Katherine FitzGerald (chief people officer).
Eastspring Investments – Bill Maldonado has been named as CEO of Prudential’s asset management business, Eastspring Investments. The appointment is effective 1 September 2023. Based in Singapore, he will report to Prudential CEO Anil Wadhwani and will join the Prudential group executive committee.
Maldonado has been serving as interim CEO since April this year and, having joined Eastspring Investments in September of 2021, has been chief investment officer since May 2022. In this capacity, he has spearheaded the Eastspring Investments platform across equities, fixed income, multi-asset, quantitative and alternatives, overseeing the firm’s investment strategies and products.
Maldonado has 30 years of asset management experience and a strong track record in leading investment teams globally. Prior to joining Eastspring, he served as the Asia Pacific CIO and global CIO, equities, at HSBC Global Asset Management.
A new CIO for Eastspring Investments will be appointed in due course.
Financial Reporting Council (FRC) – Andrea Tweedie has been appointed as the FRC’s new head of stewardship after acting as the interim head since September 2022. In this role, Tweedie leads on stewardship policy development and the assessment of the UK Stewardship Code applicants. She joined the FRC in 2018 from Queensland Brain Institute in Australia.
Tikehau Capital – The global alternative asset manager has announced various strategic appointments in its leadership team that aim to strengthen its management organisation.
Henri Marcoux, deputy CEO of Tikehau Capital, is now also appointed president of Tikehau Investment Management, the main asset management company of the group. He replaces Bruno de Pampelonne, who is appointed executive chair of Tikehau Capital Asia and special advisor to the group’s co-founders.
Marcoux joined Tikehau Capital in 2016. He previously held the positions of CFO, member of the group’s executive committee and member of the strategic committees of the subsidiaries within EPI Group.
De Pampelonne joined Tikehau Capital in 2006. Previously, he served as France country head of Merrill Lynch.
Frédéric Giovansili, deputy CEO of Tikehau IM, is also appointed deputy CEO of Tikehau Capital. In this role, Giovansili will oversee the development of the franchise and of clients’ solutions and manage clients’ global coverage. He joined Tikehau Capital in 2019.
Maxime Laurent-Bellue, currently head of tactical strategies, is also appointed head of Tikehau Capital’s structured credit business. He joined Tikehau Capital in 2007. Since 2008, he has contributed to establishing and developing the group’s private credit division and has been involved in new investments, as well as fundraising and strategic launches for several segments, including special situations, direct lending and leveraged loans.
Vincent Picot is appointed group CFO. He joined Tikehau Capital as head of group financial controlling in May 2018, after 11 years at Deloitte. He has served as CFO of Tikehau IM since December 2020 and as deputy head of investment specialists since January 2023.
Guillaume Belnat is appointed group deputy CFO. He joined Tikehau Capital in October 2013 in the private equity team. Since December 2016, he has served as head of group treasury, financing and market operations.
Louis Igonet is taking over responsibility for the newly-created corporate strategy, development, and investor relations department, in addition to his current role as head of investor relations. He joined Tikehau Capital in 2018. Previously, he served as an investor relations and M&A professional across a variety of sectors and industries.
Allianz Global Investors (AllianzGI) – The firm has appointed Kayvan Vahid as head of equity Europe core and value.
Vahid will be based in London and report to Jörg De Vries-Hippen, head of investments equity Europe. Vahid will lead AllianzGI’s efforts to strengthen and expand its capabilities in the fundamentally-managed European core and value space, a key segment for its clients. His expertise will complement AllianzGI’s experience in the value space and help establish core and value as an additional pillar of the AllianzGI equity platform, the firm stated.
Vahid’s hire is the latest step in the strengthening of AllianzGI’s equities team in London, which this year has seen the hire of Giles Money as CIO, global sustainability/SRI equity team, the promotion of Rajnish Kumar to the newly-created role of head of investment technology and AI, investment platform, and the establishment of a team of US equity analysts.
Vahid spent over 20 years at UBS Asset Management and most recently was deputy head of global value equity and head of European mid-cap equities at in London. In his role he was responsible for managing a range of institutional and retail funds across global, European and UK equity mandates.
Separately, the firm has announced the expansion of its expertise in the multi-asset space with the addition of Hartwig Kos who will join AllianzGI from DWS at the beginning of September 2023. These changes will sharpen the purely fundamental multi-asset investment approach – which stands alongside the long-standing “quantamental” and purely systematic strategies.
Hartwig will be based in Frankfurt and report to Gregor MA Hirt, global CIO multi-asset.
Kos is currently head of multi-asset allocation at DWS in Frankfurt. He has 18 years of experience in multi-asset portfolio management and asset allocation research. Prior to joining DWS in 2019, he was co-head of multi-asset and viceCIO at Syz Asset Management and investment director in the global multi-asset group of Baring Asset Management, both in London.
HSBC Asset Management (HSBC AM) – The firm has appointed Tim Bird as business development director, based in London and reporting to Maria Ryan, head of institutional sales (UK and Nordics).
Bird will be responsible for developing and aligning HSBC AM’s business with UK Local Government Pension Schemes (LGPS) as part of its renewed focus on the local authority market.
Bird brings more than 25 years of industry experience. He joins from Pictet Asset Management where he was a business development director covering the UK’s largest corporate and local authority pension schemes. Prior to that, he held roles at Goldman Sachs and Allianz Global Investors, working in partnership with the LGPS across the UK.