People Moves: Germany's MEAG Names New CEO, MD Of €9bn Swiss Fund To Step Down

Aargauische Pensionskasse, arithmetica, MEAG, Trium Capital, Ashburton Investments, Helaba Invest, Amundi, MSIM, Man GLG, Osmosis Investment Management, Legal & General Investment Management

Aargauische Pensionskasse (APK) – Susanne Jäger-Rey, the managing director of APK, the CHF10.6bn (€9.4bn) pension fund for the Swiss canton of Aargau, will step down at the end of August 2020 after 20 years of service. She said the advance notice was intended to facilitate a smooth transition.  

arithmetica – Christoph Krischanitz, head of the Austrian actuarial consultancy, has left the firm, saying that after 17 years it was time for a change. Alexander Pichler has taken over his role.

MEAG – Andree Moschner will take over as CEO of Munich Re’s and ERGO’s asset manager from the beginning of November, replacing Philipp Waldstein Wartenberg, who the €254bn investment firm said was leaving to pursue other opportunities. He will stay until the end of the year to assist with the handover of responsibilities. 

Nicholas Gartside, CIO of Munich Re and board member responsible for MEAG, said Moschner was well placed to guide the asset manager through financial markets that “have rarely been as unpredictable and volatile as they are today”.

He added: “On behalf of Munich Re Group, I would like to thank Philipp Waldstein Wartenberg for his leadership and strong contributions to developing the portfolio management capabilities, in particular the illiquid asset and credit competences of MEAG, over the past seven years.”

Moschner joined MEAG’s management in 2016 from Allianz Deutschland, where he was a member of the boad of management with responsibility for the banking, sales and IT divisions.

Trium Capital – The London-based alternatives manager has hired Patrick Mang for the newly created role of chief operating officer. Mang joins from HSBC, where he was most recently head of innovation for global markets. His appointment comes after Trium bought quantitative investment group Sabre Fund Management in September, incorporating two of its hedge funds into the multi-boutique structure. 

Ashburton Investments – Sizwe Nxedlana is the new CEO of the asset management arm of FirstRand Group. He replaces Boshoff Grobler, who last month moved to a new role in FirstRand Group Treasury.

Nxedlana has been with FirstRand Group for more than 10 years, previously as First National Bank’s chief economist and most recently as CEO of FNB’s wealth and investment activities, a position he will keep. 

Helaba Invest – The €132bn German asset manager has promoted Olaf Tecklenburg to the position of chief representative in connection with upcoming changes on the management board. Tecklenburg is due to succeed Hans-Ulrich Templin, who is due to take over as CEO from  Uwe Trautmann when the latter retires at the end of August next year. 

Tecklenburg joined Helaba Invest in 2001 and has been head of liquid securities portfolio management since 2018. 

Amundi –  Monica Defend has been promoted to global head of research, taking over from Philippe Ithurbide, who has become senior economic adviser to the asset manager’s general management. Defend was previously deputy head of group research and member of the global investment committee of Amundi since 2017. 

Morgan Stanley Investment Management (MSIM) – Candida de Silva, BlackRock’s former head of UK charities and endowments, has joined MSIM as a senior portfolio specialist. Before joining BlackRock she was executive director at Goldman Sachs Asset Management. MSIM has also hired Helena Miles as a generalist research analyst from Capital Group. 

Man GLG – The discretionary investment management arm of listed asset manager Man Group has hired Paul Chambers as head of quantitative investment and research, a newly-created role. Man GLG has increased its use of alternative data and advanced analytics over recent years. 

Chambers joins Man GLG from Balyasny, where he was a quantitative equity portfolio manager over the past 18 months. He worked at Man Group for nine years before that, most latterly as partner and head of equities at Man AHL, where he was responsible for systematic strategies trading equity index futures, cash equities and ETFs. 

Osmosis Investment Management – Fredrik Werneman has been hired as head of European distribution for the $1.5bn (€1.4bn) sustainable investment specialist. The company said he has held senior distribution roles at asset managers including the former Barclays Global Investors, Legal and General Investment Management, and Insight Investment. 

Legal & General Investment Management (LGIM) – Helena Morrissey is leaving the UK’s largest asset manager, which she joined in 2017 to lead its personal investing business. LGIM said she was leaving after “having built strong foundations” for the growth of the business.

Morrissey, who was previously chair of the UK’s asset management trade body, said: “I’ve really enjoyed my time at LGIM, but I see a changing Britain and have a lot of ideas and other things that I want to achieve. I am looking forward to the next phase of my career at a time of great change and opportunity.”

LGIM said its personal investing business efforts would be lead by Honor Solomon, head of retail for Europe, the Middle East and Africa, working closely with Emma Douglas, the €1.1trn asset manager’s head of defined contribution.

A high-profile investment industry figure, Morrissey joined LGIM from Newton, where she had been chief executive for 15 years. She is the founder of the 30% Club, an initiative to campaign for more women on company boards, and chairs the Diversity Project, which was launched to encourage a more inclusive culture in the investment and saving industry.

According to UK media reports, Morrissey was last month interviewed to succeed Mark Carney as governor of the Bank of England.