People Moves: Kempen Hires Trio To Boost UK Fiduciary Offering [updated]

Johan Cras, head of institutional relations at Kempen, said the appointments would be valuable at “a critical time” for fiduciary management in the UK.

“After recent positive legislative changes, 600 pension funds with fiduciary arrangements in place now need to retender in the near future,” he said. “This is leading to increased opportunities for a fiduciary manager such as Kempen, and our ability to deliver bespoke solutions.”

Capital Group – The $1.9trn (€1.7trn) investment giant has hired Guy Henriques as head of Europe and Asia distribution. He will join in November from Schroders where he was head of UK distribution and CEO for its Latin America operations. During his 13 years at Schroders he also served as president of its Japanese business and head of official institutions institutional for Asia Pacific. 

Prior to joining Schroders, Henriques was head of asset management at the Bank for International Settlements, where he worked from 1991 to 2006.

Brunel Pension Partnership – The asset pooling company for 10 UK local authority pension funds has appointed Patrick Newberry as a new non-executive director (NED) following the resignation of Freddie Pierre-Pierre in May. Newberry will chair the audit risk and compliance committee.

Denise Le Gal, chair of the Brunel board, said: “As a non-executive director with a portfolio of public and private sector NED roles and a background in the financial sector, it was clear that Patrick had the experience we were seeking,” she added. “Equally importantly, we believe Patrick’s outlook chimes with our values and the investment principles that form the foundation of our business.”

According to Newberry’s LinkedIn profile, other positions he currently holds include commissioner and chair of the audit and risk committee for Historic England, and governor and chair of the audit and remuneration committee for The Cornwall College Group. He was a partner at PwC where he worked for nearly 25 years.

Brunel’s client pension funds have around £30bn (€33bn) in assets between them.

JO Hambro Capital Management (JOHCM) – Alexandra Altinger has been appointed CEO of the £30bn asset manager’s UK, European and Asian operations. She will join on 9 September, subject to regulatory approval.

Altinger was most recently CEO of Sandaire Investment Office, a specialist fund manager serving family offices and foundations, from 2014 to 2017. She previously held senior roles at Lansdowne Partners and Wellington Management.

Altinger replaces Emilio Gonzalez, group CEO of JOHCM’s parent company Pendal Group, who has been acting CEO since the departure of Ken Lambden in August 2018.

The asset manager said it was in the process of hiring a dedicated CEO for its growing US business.

Franklin Templeton – The US-based asset management giant has appointed Alan Bartlett as CIO of its $71bn global equities business, replacing Norm Boersma, who is retiring after 27 years with the company.

Bartlett joins the Templeton Global Equity Group from Goodhart Partners, a London-based multi-boutique investment house, where he was chief executive. He led Goodhart’s management buyout from WestLB Mellon Asset Management in 2009, having previously been WestLB’s CIO for multi-manager strategies. He has also worked at MM Asset Management, Aon and Hymans Robertson.

Bartlett will take on his new role from 1 October, ahead of Boersma’s planned retirement at the end of 2019.

Separately, Matthew Williams has been appointed to the newly created role of senior director and head of institutional sales for the EMEA region at Franklin Templeton. Currently based in Canada as head of institutional and client service, Williams will relocate to Frankfurt, Germany on 1 September. He joined Franklin Templeton in April 2013 as head of defined contribution. His previous roles include  advising sovereign and quasi-sovereign institutions on the development of their pension models while working at ING Investment Management in Asia. 

Autorité des Marchés Financiers (AMF) – France’s financial markets regulator has announced Thierry Philipponnat as chair of its forthcoming climate and sustainable finance committee. Philipponnat is a member of the AMF board and a director of Institut Friedland, an economics think-tank.

He is the former chairman of the French Sustainable Investment Forum and former head of civil society organisation Finance Watch, and led a recent strategic review of Eurosif, the Brussels-based pan-European sustainable investment organisation.

The rest of the membership of the committee will be announced in September, when the new entity will begin its work. Its job will be to contribute to the work with ACPR, the banking and insurance regulator, on monitoring and evaluating the climate-related commitments taken by the country’s financial institutions. ACPR is to set up a similar committee. 

Impact Investing Institute – Sarah Gordon has been hired as the new organisation’s first chief executive. She will take up the role on 3 September before the institute’s formal launch later in the autumn. Gordon spent 18 years at the Financial Times where she ran the paper’s corporate coverage during the financial crisis, and was most recently business editor and associate editor.

Before journalism, she worked in fund management in the UK and the US, and at the UN Conference for Trade and Development in Geneva. She is also a visiting professor at Kings College London. 

Elizabeth Corley, chair of the institute’s management board, said: “Sarah brings a valuable combination of breadth of experience and passion for the role, underpinned by a compelling vision for the institute’s role and potential.”

Daymer Bay Capital – The third-party fund marketing company has hired Aberdeen Standard Investment’s former head of Middle East and sovereign wealth funds as a director. Christopher Renwick has more than 30 years’ experience working for financial services companies including Goldman Sachs, Credit Suisse First Boston, Federated Investors and SuMi Trust. At Daymer Bay Capital, he will be responsible for extending the company’s coverage into the Middle East and helping to service its existing investor base in the European areas in which they are mandated to operate.

XPS Pensions Group – The pensions consultancy has hired Alasdair Gill to lead its Scotland-based investments team. He joined at the end of June from Mercer, where he spent over 22 years. XPS said Gill’s appointment was “pivotal” for building the team, developing the firm’s expertise and driving growth.