PIMCO, investment Association, Nuveen, Longial, Aon, Allspring

PIMCORichard Clarida, former vice-chair of the board of governors of the Federal Reserve System, will rejoin PIMCO as managing director and global economic adviser, a role similar to the one he held during his previous 12 years at PIMCO. He will join in October and be based in PIMCO’s New York office.

Joachim Fels, managing director and currently PIMCO’s global economic adviser, will retire at the end of the year after a long career spanning almost four decades as an economist.

Clarida will advise PIMCO’s investment committee on macroeconomic trends and events. In his previous tenure at PIMCO from 2006-2018, Clarida served in a similar role as global strategic adviser and played a key role in formulating PIMCO’s global macroeconomics analysis.

He will be supported by PIMCO’s team of economists and macroeconomic research experts in the Americas, Asia-Pacific and Europe, and will work closely with the firm’s four key regional portfolio management committee – the Americas Portfolio Committee (AmPC), European Portfolio Committee (EPC), Asia-Pacific Portfolio Committee (APC) and Emerging Markets Portfolio Committee (EMPC).

Investment Association (IA)Patrick Thomson, chief executive officeer, EMEA, of JP Morgan Asset Management, has been appointed chair of the Investment Association’s board.

As part of the 18-strong board, Thomson will be responsible for championing the investment management industry and ensuring the priorities of its firms and their customers are heard by policymakers and regulators.

The IA’s board plays a vital role in guiding the industry through ever-changing market conditions, ensuring it remains focused on savers and investors and modernising industry practices to meet their needs. This also includes championing greater industry diversity and embracing new technology to improve customer outcomes and reduce costs.

Thomson, who is currently a deputy chair of the IA board, will replace Keith Skeoch and assume his new role at the annual general meeting on 27 September 2022.

Longial – The German pension consultancy has announced the appointment of Mario Oberle as a member of the executive board of ERGO Pensionsberater Longial, effective on 1 July.

Oberle joins Longial from Zurich Germany, where he worked as a head of division and business manager for occupational pensions. He was also responsible for the operating business division, administration, IT and product development as a board member at Deutsche Pensionsfonds, the joint venture of Deutsche Bank and Zurich Germany.

The management board of Longial will include Ulrike Taube, Michael Hoppstädter and Mario Oberle until 30 September. Hoppstädter will leave the consultancy on 1 October at his own request to join Heubeck as senior consultant.

Aon – The consultancy has appointed Bernd Martens as managing director of Aon Wealth Solutions Germany and chief commercial officer of Aon Germany. Martens will focus on wealth solutions, closely working with the rest of the wealth management team including Gundula Dietrich, Rafael Krönung and Thorsten Teichmann.

In his new role, Martens will promote business development, particularly in wealth, and liaise with other business divisions. He has served at Aon since 2019. As a member of the management team, he initially assumed responsibility for Germany as chief specialty officer, a position expanded to cover the DACH regionalist year.

Barry Lee at Nuveen

Barry Lee, Nuveen

Nuveen – The global investment manager has hired Barry Lee as a director to the UK consultant relations team. He will report into Greg Ohlson, managing director, head of consultant relations UK.

In his new role as director, Lee will be responsible for strengthening relationships with UK consultants and institutional investors to continue the growth momentum across the UK and Europe. Prior to joining, he was an associate director at LGT Capital Partners UK where he held a similar role. Lee also brings to the team his valuable experience of working as an investment consultant at Bfinance.

Allspring Global InvestmentsChristian Pachtner has been appointed as head of sales for German-speaking Europe.

Pachtner joins Allspring with more than 27 years of experience working for global asset managers, leading business development, client service and consultant relations. He will be responsible for leading and expanding Allspring’s asset management business across German-speaking Europe.

Before joining Allspring, Pachtner served as managing director and chair of the global consultant relations group at Allianz Global Investors, and earlier, he was the head of client service North America. He has also worked for RCM Capital Management, Dresdner Bank AG and JP Morgan GmbH.

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