Wednesday people roundup
National Asset Management Agency, Invesco Perpetual, Dutch Code for Pension Funds, Varma Mutual Pension Insurance Company, Henderson Global investors, Fidelity Worldwide Investment, Man Group, Liontrust Asset Management, Apollo Aviation Management, State Street, Investcorp
National Asset Management Agency (NAMA) – John Mulcahy, head of asset management at Ireland’s NAMA, will retire at the end of next February and be succeeded by Mary Birmingham, currently a senior asset manager at the agency. Mulcahy has been at NAMA since it was set up in December 2009, starting as head of portfolio management.
Invesco Perpetual – Head of UK equities Neil Woodford is to leave at the end of April 2014, after 25 years with the company. He will remain responsible for all funds where he is the named manager through a transition period, the company said. At the end of that, Mark Barnett will be named manager of the High Income and Perpetual Income funds, and then succeed Woodford as head of UK equities. Ciaran Mallon and existing fixed income managers Paul Causer and Paul Read will manage the UK equity components of the Monthly Income Plus and Perpetual Distribution funds with immediate effect.
Dutch Code for Pension Funds – Margot Scheltema has been appointed as chair of the five-strong monitoring committee for the new Code for Pension Funds, recently presented by the Dutch Pensions Federation and the Labour Foundation (StAr). Scheltema has ample experience in financial management, gained from national and international positions at energy giant Shell as well as from positions at the Foreign Ministry and the Treasury. Currently, she is on the board as well as on supervisory boards of several companies and institutions in the financial sector. Next year, she will leave the audit committee of the €292bn civil service scheme ABP.
Varma Mutual Pension Insurance Company – Reima Rytsölä has been appointed as CIO. Rytsölä will take up his new position in April 2014 at the latest. He will report to Varma’s president and chief executive and be a member of the company’s executive group. Rytsölä will join Varma from Pohjola Bank, where he was senior executive vice-president of banking and a member of the group executive committee. Matti Vuoria is president and chief executive of Varma.
Henderson Global Investors – Rob Gambi has been appointed CIO, arriving from UBS Global Asset Management, where he was group managing director and global head of fixed income.
Fidelity Worldwide Investment – Richard Parkin has been appointed head of retirement as part of the company’s plans to offer a new retirement service to its UK customers. Parkin will take up the role at the end of October.
Man Group – Neil Mason has been appointed senior managing director and lead portfolio manager of the Man GLG multi-strategy portfolios. Mason comes from the role of chief risk officer at Harvard Management Company. Before then, he was CIO at FRM Capital Advisors.
Liontrust Asset Management – John Husselbee, chief executive of North Investment Partners, and Paul Kim have been recruited to establish a new multi-asset team. Husselbee will join Liontrust along with the North Investment Partners operation before the end of October. Kim will join as senior fund manager. He has had roles at Liverpool Victoria Asset Management, Capel Cure Myers, Sun Life Portfolio Counselling Services (AXA Sun Life) and other firms.
Apollo Aviation Management – Pat O’Brien has been elected as an independent director to the board of Apollo, the Irish subsidiary of aviation asset manager Apollo Aviation Group. O’Brien is a former KPMG Partner who specialised in aviation finance and advising international aircraft leasing companies.
State Street – José Almeida, chairman, president and chief executive at Covidien, has been appointed to the board of directors at State Street Corporation. Almeida joined Covidien, formerly Tyco Healthcare, in 1995. He is currently on the board of Advanced Medical Technology Association (AdvaMed) and Partners in Health.
Investcorp – Lionel Erdely has been appointed head of hedge funds and CIO. He joins from Lyxor Asset Management, where he has been CIO since 2004, and chief executive of Lyxor Inc since 2009.