People Moves: Julius Baer, HSBC, La Française, Insight Investment
Julius Baer has named Bernhard Hodler new chief executive with immediate effect, following Boris FJ Collardi’s just-announced decision to resign.
Hodler, who is currently chief risk officer of Julius Baer, was named deputy to the CEO in September 2017. He has been a member of Julius Baer’s senior executive team since 1998 and has held various senior positions, including chief operating officer and president of the bank’s management committee.
Collardi, who had been CEO of Julius Baer group since 2009, is, as reported, set to join the privately-owned Pictet Group in Geneva, where he is due to co-head its global wealth management group, as of mid-2018.
Matthew Westerman, co-head of HSBC’s global banking division, has resigned, according to media reports. He joined the bank from Goldman Sachs 18 months ago, and had been hired to increase HSBC’s income from deal-making, and boost its fund-raising operations.
Westerman’s plans weren’t known, and HSBC has yet to make a formal announcement as to who is in line to succeed him. Prior to joining Goldman Sachs in 2000, he spend almost eight years with Rothschild, where he had been managing director.
La Française, a Paris-headquartered asset management group owned by Credit Mutuel Nord Europe, has appointed Maud Minuit (pictured below) head of fixed income, to develop the company’s fixed income business.
Currently the asset manager’s fixed income and cross-asset teams look after some €9bn in assets invested in fixed income strategies.
Minuit comes to La Française from Groupama Asset Management, an arm of the French insurer Groupama, formally known as Groupe des Assurances Mutuelles Agricoles. At Groupama, she had been head of its fixed income and foreign exchange operations since 2012, in addition to such other duties as managing its euro fund. She was also involved in the launch of an absolute return bond strategy, according to a statement announcing her appointment. Altogether she has some 18 years of experience in multi-asset fixed-income management, the statement noted.
At La Française, Minuit will oversee a team of asset managers, and will be responsible for the company’s money market, fixed income, total return bond and inflation-linked asset management operations.
She reports to Jean-Luc Hivert, who heads the fixed income and cross-asset division, which is described as accounting for around 45% of the asset manager’s assets under management.
Insight Investment, the London-based asset management company owned by NYSE-listed Bank of New York Mellon, has named Detlef Schoen to head up its real assets operations as part of its farmland investment team in London.
He succeeds Reza Vishkai, who continues to advise and provide oversight to Insight Investment’s farmland investment team in a newly-created consultative role.
Schoen is described as an agricultural and agribusiness investment specialist, who, according to published reports, runs his own cattle farm in Australia, and who has worked in the past for such companies as Cargill and Aquila Capital. manager
In his new role with Insight Investment, Schoen will oversee the development of Insight’s global farmland operations, with responsibility for its team of farmland investment specialists.