PEOPLE MOVES: Stonehage Fleming, AXA Investment Managers, Vanguard Asset Management
Stonehage Fleming, said to be one of the largest independently-owned multi-family offices in the EMEA region, has named Simon Boadle executive chairman of its corporate finance business.
Boadle’s role is a newly-created one, and will see him working closely with Richard Hill, chief executive of corporate finance at Stonehage Fleming, as well as with its existing team, “to provide advice to businesses and shareholders, including entrepreneurs and families, at every stage of the corporate life cycle, from acquisitions and capital-raising through to disposals and liquidity events”, Stonehage Fleming said in a statement.
Boadle is described by Stonehage Fleming as having 30 years’ of corporate finance advisory experience in the UK and internationally behind him, which it said had seen him involved in multiple transactions involving mergers and acquisitions, joint ventures, public and private equity fund raisings, debt financings and restructurings.
Boadle comes to Stonehage Fleming from PwC Corporate Finance in the UK, where he was a senior partner and led its public company advisory group, real estate advisory group and the debt advisory business.
Prior to joining PwC, he was a director with NatWest Markets, based at various times in London, Tokyo and Hong Kong, Stonehage Fleming said. During his career, he has looked after clients in “a wide range of industry sectors”, including FTSE100 and mid-market listed companies, private equity houses, family owned companies and family trusts, it added.
In addition to his Stonehage Fleming role Boadle is currently a non-executive director of Churchill Retirement PLC and a trustee of the Scar Free Foundation.
Stonehage Fleming was created in 2015 by the merger of two well-established family office entities, Stonehage and Fleming Family & Partners. Stonehage had been set up in 1976 as a “diaspora vehicle” by a group of South African families who were looking to leave their homeland’s apartheid regime behind, while Fleming was founded in 2000, and had offices in places like Moscow and Hong Kong as well as London, where it was based, and Zurich.
Stonehage Fleming currently advises on more than £35bn (US$43bn) of assets, on behalf of more than 250 families, out of 11 offices in eight jurisdictions.
AXA Investment Managers
AXA Investment Managers, the investment arm of the Paris-based, Euronext-listed insurance giant AXA, has named the chief executive of its Japanese operations, Francisco Arcilla, pictured left, to head up sales for the parent entity, AXA IM.
The position is a new one, and was created as part of a plan on AXA IM’s part to “further accelerate our commercial momentum globally, pursue the implementation of our key growth initiatives and strengthen the ‘voice of the client’ across AXA IM”, according to Christophe Coquema, global head of client group at the investment management company..
In Japan, Arcilla is being succeeded as Japan CEO and head of client group in Japan by Masahiro Shuto, AXA IM said in a statement.
At AXA IM, Arcilla, whose promotion will also see him joining the asset manager’s management board, will be responsible for coordinating all of the company’s sales and client services teams, ensuring consistency of messaging and sales efforts, and seeing to it that AXA IM’s business development strategies are successfully executed, the statement added.
Arcilla joined AXA IM in 2012 as global head and CIO of the firm’s external managers group.
Prior to joining AXA IM, Arcilla was co-head of Investments at the Swiss alternative investment products boutique, EIM SA. Before joining EIM in June 2008, he spent eleven years as a “buy-side trader for several global institutions, specialised in credit and fixed income relative value strategies, both in developed and emerging markets”, AXA IM said.
A graduate of HEC School of Management in Paris, Arcilla holds a master of science in finance from the London Business School.
In succeeding Archilla in his Japan role, Shuto – who like his predecessor joined AXA IM in 2012, and who has been head of institutional sales in Japan since March 2015 – has been tasked with “build[ing] on the momentum that has already been achieved in Japan” by AXA IM, Coquema said.
“Japan continues to be a key market for us and we are confident Masahiro will keep building our footprint with both institutional investors and distributors.”
Before coming to AXA IM, Masahiro Shuto worked at Deutsche Bank, where he managing the company’s dealing and distribution desk for structured credit products. He began his career at JP Morgan Securities Tokyo as a trader of interest rate derivatives, before joining its real estate structured finance team.
He holds bachelor’s and master’s degrees in science and technology from the University of Keio, Japan.
Vanguard Asset Management
Merz, who comes to Vanguard from UBS Asset Management, where he had been head of European exchange-traded funds, will remain in Zurich, Vanguard said. He will report to Sean Hagerty, Vanguard’s head of Europe.
At Vanguard, he will be responsible for expanding the company’s presence “in both new and established markets in continental Europe”, the company said.
Vanguard Asset Management is a unit of the Malvern, Pennsylvania-based Vanguard Group, which is known for its exchange-traded mutual funds, and which has been expanding rapidly outside of the US in recent years.