Round-up of the people moves from the global investment market with additions to JLT Employee Benefits RPMI Railpen, Hermes Investment Management and more.
EC News Investments is accompanied by a roundup of the months latest news and mandates & buyouts, giving you indepth insight into the market.
- JLT Employee Benefits have hired Mark McNulty as head of investment solutions, leading the company’s fiduciary management arm. He also has oversight for investment consulting. He joins from State Street Global Advisors where he was head of UK business. Prior to this, he worked for Bank of Ireland Asset Management and SSGA in Ireland where he held a number of senior positions in institutional and intermediary client management, liability driven investment, index investing and investment solutions.
- RPMI Railpen has appointed Julian Cripps as managing director of investment business, a new role from which he will lead the scheme’s in-house investment manager. Cripps has served as chief operating officer for investments at RPMI since 2015, but will take on a wider role in leading the business in its vision to be a world-class asset owner. RPMI Railpen’s three investment directors, Ciarán Barr, Paul Bishop and Richard Williams will report to Cripps, who in turn reports to Chris Hitchen, CEO of RPMI.
- Hermes Investment Management has secured the services of Douglas Anderson as head of consultant relations. Douglas will report into Mark Miller, head of UK, Middle East and North Africa and will be responsible for the development and maintenance of relationships with UK and European based consultants. Douglas was previously at Lazard Asset Management, where he was head of consultant relations. Before Lazard he worked at Capital International, Bacon & Woodrow (now Aon Hewitt) and Hymans Robertson.
- Tony Pugh has been appointed head of defined contribution (DC) for Europe, Middle East and Africa at Aon Hewitt. Pugh previously served at Mercer where he spent 28-years. At Mercer he was a senior partner and advised some of the UK's largest companies and DC plans and led Mercer's UK DC business and its European arm for three years.
- Dermot Courtier has been named as chairman of L&G’s £2.9bn (€3.4bn) Legal & General Mastertrust, the insurance and pension’s provider’s multi-employer defined contribution (DC) offering. He was previously head of group pensions at Kingfisher.
- The Investment Association has named Peter Harrison as its new board chair, replacing Helena Morrissey from 1 May 2017. Harrison is group chief executive of Schroders, the FTSE100-listed asset manager. In addition, Henderson Group chief executive Andrew Formica has been named deputy chair.
- Mercer has appointed Martin Haep to lead the new wealth business division at Mercer in Germany. The new business area combines Mercer’s retirement and investment divisions so that these dovetail better, it said.
- Jean Raby has been appointed CEO of Natixis Global Asset Management. He joined on 20 February and, as CEO, will be in charge of its asset management, private banking and private equity businesses.
- Tim Gardener has joined Aon Hewitt as a partner after seven years as global head of Axa Investment Managers’ institutional client group. Gardener's move to Aon Hewitt as a member of its investment consulting team sees him return to the industry where he began his career more than 30 years ago, he previously spent 24 years at Mercer. Gardener said, “I enjoyed my time at Axa IM and learnt a lot but I am delighted to be back in investment consulting where I have spent the majority of my career.”