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EC News Investments Edition: People Moves (April 2017)

  • Publish Date: Posted almost 7 years ago
  • Author:by Alan Jarque

Round-up of the latest people moves from the global investments market with additions to Reddington, RPMI Railpen, State Street Global Advisors and more. 

EC News Investments is accompanied by a round-up of the months latest news and mandates and buyouts, giving you indepth insight into the market.


  • Redington has hired Zoe Taylor, Ian Mills and Paul Richards to senior management positions to support growth at the company. Taylor is a director of strategy and will report directly to chief executive Mitesh Sheth. She will also work with head of defined benefit (DB) pensions Dan Mikulskis to execute its DB growth strategy. Taylor previously served at Aon Consulting where she was a member of the UK management team and provided DB advice to a variety of pension schemes. Mills joins as managing director in the investment consulting arm and reports to head of investment consulting David Bennett. He brings 19 years' investment consulting and investment banking experience to the role. Mills previously served Punter Southall and migrated to PSolve Asset Solutions at its inception in 2002 before joining Credit Suisse in 2004. Paul Richards joins as head of governance and decision research. Also reporting to Bennett, Richards will work with the consulting team to help clients overcome their governance challenges as part of the firm's drive towards integrated business services. Prior to joining Redington, Richards held a variety of senior industry roles including head of manager research at Aon Consulting and managing director of Goldman Sachs Asset Management.
  • RPMI Railpen, the UK’s industry-wide scheme for the railways sector, has appointed Steve Mitchell as compliance and risk director for its investment business. He will be responsible for compliance and risk management as the pension group grows its internal asset management capabilities. 
  • Andrew Benton has joined State Street Global Advisors as head of its UK institutional business and senior managing director. He joins from Baring Asset Management where he was head of sales, business development and international client services. 
  • JLT Employee Benefits has appointed Harry Harper as head of buy-in and buyout services. He was previously at Mercer, where he worked for 19 years and was head of the group’s buyout and de-risking team.
  • Joanne Segars, the chief executive of the UK’s pension’s trade body, is parting the association to pursue a “portfolio career”. Julian Mund will take over executive duties until the Pensions and Lifetime Savings Association (PLSA) brings on a permanent successor. Seagars will complete some projects currently in progress and continue to act as the association’s ambassador. She has served at the PLSA for 12 years, having joined as director of policy in 2005 before becoming its chief executive in October 2006.  
  • A collaboration of 10 UK local government pension schemes (LGPS) has hired Denise Le Gal as independent chair. Le Gal will lead the board of the collaboration, known as the Brunel Pension Partnership. As well as chairing the Surrey pension fund, Le Gal is a trustee of JP Morgan’s UK pension fund and chair of the pensions committee of the Local Government Association. She also acts as county councils representative for the LGPS’ Scheme Advisory Board and is vice-chairman of the Local Authority Pension Fund Forum. In a statement, Brunel said one of Le Gal’s first tasks would be to recruit non-executive directors. These hires would help her implement Brunel’s “strategy, shape and direction”.
  • Amlan Roy has joined State Street Global Advisors (SSGA) as global chief retirement strategist. Roy, a renowned pensions academic and researcher, parted Credit Suisse in 2016 following 20 years at the firm. He established the company’s European Pensions Advisory & Structuring Group and led its fixed income research and global demographics project during his time. He is also a senior research associate at the London School of Economics’ Financial Markets Group and is a guest finance professor at London Business School.
  • Willis Towers Watson has promoted three staff to global heads within its manager research team. Chris Redmond has been appointed global head of credit and diversifying strategies, a newly created role. He has served at Willis Towers Watson for 13 years, most recently as global head of credit research. Nimisha Srivastava has been promoted to global head of credit. She joined in 2014 and was previously head of manager research for Europe, the Middle East and Africa (EMEA). Paul Jayasingha is now global head of real assets, having previously been global head of real estate. He has worked at Willis Towers Watson for more than 19 years.
  • Allenbridge has re-hired John Harrison as managing director. He previously served as a senior adviser at Allenbridge for 18 months between 2013 and 2014. Before that he worked at UBS for 24 years, as a fund manager and latterly as CIO. He has been working with a number of UK public sector pension funds since leaving UBS in 2010, including the local government pension funds for Devon, Surrey, Gloucestershire and Northamptonshire.
  • Gareth Doyle has been appointed as a senior investment consultant at Aon within its defined contribution (DC) team, based in Edinburgh. He will lead the consultancy firm’s DC business in Scotland. He joins from Hymans Robertson where he was an investment consultant and head of DC research.
  • Old Mutual Wealth (OMW) has appointed Tim Tookey for its leadership team to manage the separation from its parent. Tookey, presently a non-executive director of OMW, joins the firm as CFO, reporting to chief executive Paul Feeney. Tookey brings two decades experience at board level, where he has been responsible for managing a large number of significant business transformation and strategic projects, capital markets activity and other corporate actions. Mark Satchel has also become corporate finance director, where he will act as a deputy to Tookey. George Reid takes over from Tookey as interim chair of OMW's audit committee. The firm will look for an independent non-executive director to replace Tookey on the board. 
  • Hymans Robertson has promoted three partners to equity members and five employees to partner status. Callum Cooper, Jon Hatchett and Shireen Anisuddin have been named as equity partners in the firm, while Amanda Switzer, David Walker, Emma Cameron, Laura McLaren and Tracy Weller have been promoted to partner. The promotions include people with a wide range of expertise within defined benefit schemes. Senior partner John Dickson said the new equity partners were "proven leaders".