People Moves: Knight Frank, Old Mutual Wealth, Eastspring, Boodle Hatfield, St James’s Place
Knight Frank has strengthened its private client offering with the expansion of its market leading Global Prime team. The team, led by Paddy Dring, head of global prime sales consists of Knight Frank’s Private Office, based in London and run by Rory Penn andThomas van Straubenzee, together with a specialist group of global property experts working alongside them, dedicated to transacting the world’s finest properties.
The Knight Frank Private Office offers a market-leading residential and commercial real estate advisory service, focussed on acquisition and disposal for private clients, family offices and wealth advisors. Rory Penn and Thomas van Straubenzee provide a bespoke and personal service based on trust and transparency and will offer a single point of contact for clients, allowing them to benefit from a long-term trusted adviser relationship.
Through the Private Office, private clients will have access to the collective knowledge, and experience of Knight Frank’s property advisers around the world.
Old Mutual Wealth
Old Mutual Wealth has added to its adviser support team through the appointments of pension specialist, John Corbyn, and offshore specialist, Ash Kapasi.
John Corbyn joins Old Mutual Wealth after holding previous roles at Standard Life and Winterthur, which later became part of AXA Wealth, where he was head of specialist products sales. John recently spent a short period at Phoenix Group when AXA Wealth’s pension and protection business was sold to Phoenix in 2016.
Meanwhile, Ash Kapasi brings more than 20 years’ experience in the tax and trust industry, and specialises in helping advisers and their clients to achieve their financial planning goals. Prior to his appointment at Old Mutual Wealth, Ash held business development roles with Brooks Macdonald and Canada Life in the Midlands.
The new hires follow the recent appointment of pension specialist Jamie Clarke, who also joined Old Mutual Wealth’s 21-strong UK specialist sales team recently.
Scott Goodsir, managing director of UK distribution, Old Mutual Wealth, said: “It’s a pleasure to welcome both John and Ash into Old Mutual Wealth. Their combined industry experience of over 50 years will make them both real assets to our growing team. We continue to bolster our specialist support team with industry experts to make sure advisers are given the right support to continue to provide excellent outcomes for clients in a rapidly changing regulatory landscape.”
Eastspring Investments has announced that it is reorganizing its leadership team. The Asian asset management business of Prudential said in a statement that it has appointed Ooi Boon Peng as the company’s chief executive officer for Singapore and its regional fixed income officer.
Ooi replaces Phil Stockwell, who will now focus on his chief operating officer role, which he has undertaken since 2015. Stockwell was appointed as the CEO for Singapore in 2016.
Guan Yi Low will succeed current CEO Ooi as the chief investment officer for fixed income. Meanwhile, Michele Bang has stepped down as the head of distribution.
Bang, the company’s deputy CEO, will lead establishment of Eastspring’s digital business model with a focus on building better propositions for its clients.
Xavier Meyer will succeed Bang as the company’s head of distribution. He joined Eastspring in 2014 as head of product strategy and development before assuming his current role.
Middle Eastern law firm Boodle Hatfield has strengthened its Private Client and Tax team with the appointment of new partner Kyra Motley.
Kyra joins Boodle Hatfield on 23 May from Taylor Wessing and brings to the firm expertise in multi-jurisdictional wealth planning, international tax and trusts, succession planning and family governance for high net worth individuals. She has a particularly strong record in advising individuals and families from the Middle East.
Commenting on her appointment, Motley said: “The blend of leading private wealth expertise coupled with a depth of focus on the Middle East makes this is an exciting move for me and I look forward to developing my career as a partner in the firm.”
Andrea Zavos, partner and head of Private Client and Tax at Boodle Hatfield said: “Kyra is one of the rising stars in the private wealth legal market. We are thrilled to have her join the firm and to build on our growing Middle East practice. She will be a real asset to the firm and to its clients.”
St James’s Place
Sarah Bates, chair and director at St James Place (SJP) has announced that she is retiring. Bates will be replaced by a senior independent director, the company said.
Iain Cornish, currently the senior independent director at the firm, will replace Bates as chair. Bates joined the SJP board in 2004 and became chair in 2014. She said: “It has been a privilege to be a director of St James’s Place for more than 13 years and chair of the board since 2014″.
She recently oversaw the transition of Andrew Croft to the chief executive officer role from David Bellamy in January 2018.