People Moves: Fidelity International, Trust Corporation International, Crestbridge

Fidelity International 

Fidelity International,  the Bermuda-based asset manager, said it has named Hugh Prendergast global head of product.

Fidelity said Prendergast would, in his newly-created role, bring together and lead Fidelity’s product teams based around the world, while also being responsible for continuing to develop its global product strategy.

Once he joins the company next month, he will report to global head of asset management Bart Grenier, Fidelity said in a statement announcing his appointment.

Prendergast, pictured left, has spent the past 16 years at Pioneer Investments, which became a part of Amundi in 2016, and altogether has more than 20 years of experience in asset management. At Pioneer his most recent role had been head of strategic product and marketing, which saw him leading the firm’s product development and marketing operations across Europe, Latin America, US offshore and Asia.

Grenier said Prendergast’s appointment reflected the fact that the needs of Fidelity’s clients were “becoming ever more complex”, making it essential for the £77.4bn company to raise its game and offering.

Trust Corporation International

Ken Bradley has been named a non-executive director of Trust Corporation International, a Guernsey-based specialist independent trust company.

Bradley is described by Trust Corporation as an experienced finance industry professional with three decades of experience, including “a number of senior positions in large international banks”.  Most recently he was chief country officer, Guernsey, and head of fiduciaries strategy for Barclays’ Guernsey, Jersey, Isle of Man and London businesses. He is also a former director of corporate and institutional banking of RBS International in Guernsey.

At Trust Corporation, Bradley will be responsible for providing independent and objective advice, and monitoring the firm’s board and executive directors in their setting and implementation of the firm’s growth strategy.

Crestbridge 

Crestbridge, the Jersey-based independent trust, fund and corporate services provider, has hired two directors to its internationally-focused family office services team in Jersey.

Keith Mallet and Tony Hind,  pictured left, both come to Crestbridge from roles at major banks, after decades of experience across financial services.

Hind most recently has been a director at HSBC, with responsibility for its Middle East and family office teams. Altogether he had been with the bank for 16 years. Over his 20 year career, he has developed expertise “in complex multi-jurisdictional fiduciary structures for high-net-worth and ultra-high-net-worth individuals in markets around the world”, Crestbridge said in a statement announcing his and Mallet’s appointments.

In 2004, he became a qualified registered trust and estate practitioner with the Society of Trust and Estate Practitioners (STEP).

At Crestbridge, he will “play an important role supporting our family office business in the Middle East, following the opening of our office in Bahrain last year,” Heather Tibbo, who heads up Crestbridge’s family offices services operations, said.

As for Mallet, (left in the photo), he most recently had been director and head of trust and client relationships of Royal Bank of Canada Jersey’s corporate employee and executive services team. Here he “built up significant expertise in building corporate client relationships and supporting related transactions for high-net-worth individuals and their families”, Crestbridge noted.

As reported, Crestbridge announced last April that it had established an outpost in Bahrain, through the acquisition of Ohad Trust BSC, Manama.

Crestbridge currently has offices and is regulated in the Cayman Islands and Luxembourg as well as Jersey and Bahrain. Earlier this month it announced it was relocating its London offices, first opened in 2015, to Sackville Street from Charles II Street, in order to accommodate its growing staff.

Carrick Wealth Management

Carrick Wealth Management, the Cape Town, South Africa-based, Africa-focused advisory firm, said it had named Rashay Makan to its board.

Makan, pictured left, is director of strategic projects at Carrick Wealth, having joined the company in 2014. During his time at Carrick he has also been managing director of its Carrick Development Academy.

He is originally from Port Elizabeth in South Africa, and entered the financial services industry in 2012.

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