PEOPLE MOVES: Schroders, Bank of NT Butterfield & Son, Zedra Group, Livingstone Partners
Schroders, the London-based, FTSE-listed asset manager, has named Frank Thormann a portfolio manager within its global equities team.
Thormann comes to Schroders from Union Investment, where, as a global portfolio manager, he had overall portfolio management responsibility for its UniFavorit Concentrated Global Equity fund.
At Schroders, he reports to Alex Tedder, head of Global Equities.
Tedder said Thormann was “a genuine stock-picker with an investment approach”, which he said would complement the skill set of his new Schroder team.
Bank of NT Butterfield & Son
Meroe Park has been named a non-executive director of the Bank of NT Butterfield & Son Ltd, the 159-year-old, Hamilton, Bermuda-based offshore banking group, which listed on the New York Stock Exchange last year.
Until her retirement in June, Park served as executive director of the US Central Intelligence Agency, beginning in 2013. Her 27-year career as an intelligence officer with that organistion saw her holding a number of increasingly senior positions, and among other things she oversaw the modernisation of the CIA’s technology systems and organisational structure, the bank said, in announcing her appointment.
NT Butterfield grew out of a Bermuda trading company founded by Nathaniel Butterfield in 1758; the Bank of NT Butterfield & Son was founded in 1858. In addition to Bermuda, it has operations in the Cayman Islands, Guernsey, the Bahamas, Switzerland and the UK.
Zedra, the corporate, trust and fund services provider that was created last year from the amalgamation of several corporate services businesses, has made two senior trust hires in Hong Kong.
Jacqueline Shek has been named executive director of Trust Services, while, Stella Tong has been named executive director of family office services, the company said in a statement.
Shek is private client and trust lawyer whose career in the field spans 18 years and has included working with families, professional advisers, banks and trustee companies in setting up, administering, restructuring and defending private trust and charitable arrangements.
Tong is also a trained lawyer and has a masters degree in business administration, and is a former corporate banker, Zedra said, in addition to having worked in the legal profession.
Zedra currently has offices in 14 jurisdictions, including Hong Kong and Singapore.
Livingstone Partners, a London-based, internationally-focused mid-market mergers and acquisitions and debt advisory firm, has announced the promotions of Barry Sheehan to director, and Will Evans and Tom Reece to associates.
Sheehan works across the business services and industrial sectors, Evans in the business services sector, and Reece in the industrial sector team.
Patrick Groarke, partner at Livingstone, said it was “a pleasure” to see the company’s younger team members “mature and flourish”.