People Moves: BMO WM, LGIM, Hearthstone, Intrinsic
Legal & General Investment Management (LGIM)
Legal & General Investment Management (LGIM) has appointed Philipp Graf von Königsmarck as Head of Wholesale Sales, Germany, as part of its strategy to expand its European operations.
Graf von Königsmarck will oversee the distribution of LGIM’s UCITS fund ranges in Germany, including active fixed income SICAVs, the growing index ICAV range and the recently acquired ETF range. He will work closely with LGIM’s existing institutional business development team in the Frankfurt office and report to LGIM’s Head of Retail Distribution, EMEA, Simon Hynes, the company said.
Graf von Königsmarck joins LGIM from Fidelity where he spent 13 years managing two sales teams as Head of IFA Sales and Head of family offices and independent wealth managers.
Legal & General Investment Management Holdings Limited (LGIMH) has appointed Kathleen Gallagher as non-executive director.
Gallagher was appointed to Legal & General Investment Management America’s (LGIMA), board in May 2017 and will remain in this role alongside her role as non-executive director on LGIMH’s board.
Previously, she was chief investment officer (CIO) at Ford Motor Company where she had responsibility for investing $66bn in global retirement assets. Her oversight encompassed more than 68 DB and 65 DC plans across more than 32 countries where Ford operates, including the $41bn US fund, one of the largest corporate DB plans in the U.S. She also served as investment advisor to the trustee board for numerous Ford pension schemes in Europe including the UK.
Gallagher’s appointment – subject to FCA approval – boosts female representation on LGIMH’s board to 38%. Legal & General has a broader goal to achieve a 50/50 gender balance across its workforce by 2020, the company said.
BMO Wealth Management
Sara Walker has been appointed senior strategist, regional director of investments at BMO Wealth Management.
“Sara is known throughout Wisconsin for her leadership skills and her investment strategy expertise,” said Steve Johnson, BMO senior vice president and regional president at BMO Private Bank.
Walker, who has more than three decades in the financial service industry, will spearhead wealth and investment strategies for Wisconsin, Minnesota and Northwest Illinois. She will lead experienced portfolio managers in the delivery of custom investment solutions for high net worth individuals, families and organizations.
Most recently, Walker served as senior vice president, chief economist and investment officer for Associated Private Client Services. She is a Chartered Financial Analyst, who holds an MBA from the University of Wisconsin-Milwaukee and a Bachelor of Science degree from the University of Wisconsin-Parkside, where she double-majored in Finance and Economics and graduated Magna Cum Laude.
Jenny Granner has been appointed operations director of Intrinsic, reporting to Andy Thompson, chief executive at the company. She is responsible for operations delivery, compliance systems and adviser oversight.
Granner is a founding member of Intrinsic, having joined the business in 2005. During her time with the company she has held number of senior positions, giving her an invaluable understanding and extensive knowledge of the business. Before joining Intrinsic, she worked at Allied Dunbar and Zurich Financial Services.
She replaces Steve Burke who has worked at Intrinsic since 2015. At the end of July he will become special adviser reporting to Andy Thompson, focusing on adviser technology.
“Jenny has been with the business since the beginning making her particularly attuned to what our advisers and their clients need,” said Thompson. “Her knowledge and experience will give her a fast start as our new Operations Director.
“I am grateful for Steve’s contribution to Intrinsic. His insight, experience and drive have been fundamental to ensure that we are ready for the next stage in our journey and we’re thrilled he will be part of it.”
Hearthstone Investments plc [Hearthstone], the residential property investment specialist, has appointed Cedric Bucher as CEO.
Bucher will be responsible for “driving the growth” of the specialist fund manager and its residential property investment funds, the company said in a statement.
He joins Hearthstone from investment adviser Cardano, where he was co-head of defined contribution overseeing all commercial aspects of its new Defined Contribution business. Prior to that, he spent six years at Architas, the multi-manager of the AXA Group, ultimately as Head of UK with responsibility for strategy, P&L, sales, marketing and proposition.
Bucher has also held senior commercial positions in the fund management business lines of SEI and Barclays Wealth.
Alan Collett, chairman of Hearthstone, said: “Cedric has a wealth of experience within the investment industry and a strong track record in growing fund management businesses. His appointment demonstrates the strength of our proposition and his knowledge and expertise will be invaluable as we drive the business forward.”