Wednesday people roundup
GLOBAL - Renaissance, Baring, Watson Wyatt, Allianz, SEB, NIBC, BoNY, SSgA, Aon, Henderson, Schroders, Insight, Wellington, Commerzbank.
Renaissance Investment Management - Daniel Broby, chief investment officer at Danish asset manager BankInvest, has left to join Renaissance's London office as executive director. He will also co-chair the company's investment and new products committees. Elsewhere, ABN Amro's head of investor relations has accepted a managing board position at the Renaissance group. Bruens will be replaced by Dies Donker, investor relations officer, from July 1.
Baring Asset Management - Jonathan Cunningham has been appointed as head of the London-based firm's international institutional business. Cunningham moved into the newly-created role at Baring from Gartmore, where he worked for 11 years, on May 21.
Watson Wyatt - Bfinance's Craig Stevenson has joined the London-based consultant. He will focus on hedge fund managers within the firm's global manager research team. Mike McMillen, joining from MNPA, has also joined Watson Wyatt's technology and administration solutions team.
Allianz Global Investors - Carsten Eckert, head of institutional business at the German unit of Allianz Global Investors, is stepping down on July 1 to become chief executive of another firm within the Allianz group. He will become CEO of KG Allgemeine Leasing, an Allianz unit that specialises in closed fund and structured products. Allianz will not look for a replacement, but Thomas Wiesemann, co-head of AGI Germany, will instead take on Eckert's responsibilities.
SEB - Petteri Karttunen will succeed Jan Stjernström, who has been promoted to head of investments at the Nordic financials group, as country manager in Finland. Karttunen is currently head of SEB Gyllenberg and Wealth Management in the Baltics. Klas Eklund has also been promoted to the newly-established role of senior economist at the bank. Robert Bergqvist, currenlty heading SEB's analytical unit trading strategy, will succeed Eklund.
NIBC - Donald Marron will step down as a member of the Dutch merchant bank's supervisory board "in order to focus on other activities", according to a release. He had been a member of the supervisory board since 2005.
Bank of New York - Northern Trusts Maria Hagbro has joined the company's London office as assistant vice president to the Nordic client management team. She will report to managing director Gunnel Orndahl.
State Street Global Advisors - Marcos Fusco has left AXA Investment Managers Italy, to join SSgA's Milan office as managing director. In Italy, SSgA manages approximately €10bn for institutional clients.
Aon Consulting - BNP Paribas' Andrew Firth, a fixed income derivatives specialist, and Brian McCauley, joining from Blackrock as senior relationship manager, have both started with the consultant's financial risk consulting team in London last week.
Henderson Global Investors - Patricia Kaveh, sales manager for the firm's French office, has been promoted to director of business development for France, Monaco and Geneva. She took up her new position last week to replace Christoph Leroy who has joined UBS. Henderson also said it was looking to recruit two people to the Paris-based business development team.
Schroders - A federal judge in the US has thrown out a lawsuit by BlackRock, accusing the British fund manager of scheming to poach employees. The case stemmed from Achim Kussner's departure to Schroders, who was then followed by five others.
Insight Investments - Matthew McKelvey has been appointed as head of equity product management, reporting to Sandy Black, head of equities at the company. He joined Insight last week from Fidelity International.
Wellington Management - Mandy Adamou, business analyst at the London-based asset manager, has left the company but the firm declined to comment whether a replacement has been found.
Commerzbank - Friedrich Schmitz, head of the foreign fund operations at Germany's Commerzbank, is stepping down to become a partner at CE Asset Management, a Swiss boutique. Philipp Weckherlin, partner of CE AM, said Schmitz will be in charge of international distribution of the boutique's funds. CE AM, based near Zurich, has €600m in assets under management.