Wednesday people roundup
Towers Watson, ING Investment Management, PGGM, BNY Mellon, Intermediate Capital Group, JLT Employee Benefits, Financial Reporting Council
Towers Watson – Ed Francis has been appointed head of investment for the EMEA region, succeeding Chris Ford, who, after holding the position since 2011, has assumed the role of global head of investment. Francis joined Towers Watson in 2001 from PricewaterhouseCoopers and has held a number of leadership roles during that time, most recently being a member of the EMEA investment leadership team and head of the UK client consulting teams.
ING Investment Management – Kornelis Buursma has started as senior institutional business development manager in the Netherlands, focusing on investment strategies and integral client solutions. With the news, Buursma leaves the €153bn asset manager PGGM, where he was responsible for acquisitions and institutional market positioning. Before then, he was sales and relations manager for the Dutch institutional market at ING IM.
BNY Mellon – Frank La Salla has been appointed chief executive of the Alternative Investment Services business. He was most recently managing director at Pershing, a BNY Mellon company, where he was responsible for all of Pershing’s business outside of the US. Before BNY Mellon’s acquisition of Pershing in 2003, La Salla was president and COO at BNY Clearing Services. Before then, he served as managing director and COO at Société Générale Securities in the U.S.
Intermediate Capital Group – The specialist asset manager has hired an alternative credit team. Sridhar Bearelly will head up the team, initially comprising Jesper Poulsen and Vincent Charles-Gervais, who will all join Simon Peatfield in London. Bearelly, Poulsen and Charles-Gervais were founders of, and join from, Credos Capital, where they established an alternative credit fund platform ICG will acquire.
JLT Employee Benefits – John Breedon has been appointed head of investment consulting. He was previously head of corporate consulting. In addition to this, John Finch, director, will take responsibility for the development of JLT’s platform offering, covering the investment consulting and investment management businesses. Julian Brown, director, will be responsible for investment consulting’s local authority offering.
Financial Reporting Council – David Styles has been appointed director of corporate governance, joining on 6 May. He joins from the UK Department for Business, Innovation and Skills, where he has worked in the Corporate Law and Governance Directorate and led implementation of departmental policy on directors’ remuneration, shareholders’ rights and corporate governance.