PEOPLE MOVES: Fullerton, William Blair, JLL, Lombard Int’l
Fullerton Fund Management
Fullerton Fund Management,a Singapore-based asset manager specialising in Asian and emerging market investments, has named Jenny Sofian chief executive officer.
Sofian succeeds Manraj Sekhon, who left the company at the end of last year. She joins Fullerton from Amundi Singapore, where she spent more than 20 years, and where most recently she was CEO and head of its South Asia operations.
She also served as the regional director of Southeast Asia at group level.
At Fullerton, Sofian will focus on expanding Fullerton’s third-party business and work closely with the company’s investment team in this capacity, the company said.
Ho Tian Yee, chairman of Fullerton and interim CEO, said in a statement that Sofian was “a proven leader with an established record of growing businesses and creating value for stakeholders”, as well as an executive whose “people-oriented approach and interpersonal skills” would be a motivational force for the Fullerton team.
Fullerton is a a subsidiary of the Singaporean sovereign wealth fund, Temasek. In addition to its Singapore headquarters it maintains outposts in Shanghai, London and Tokyo, and is regulated by the Monetary Authority of Singapore.
William Blair Investment Management
Stephanie Braming has been named global head of William Blair Investment Management, the privately-held, Chicago-based asset management division of William Blair & Co.
In her new role she’ll also be joining the firm’s executive committee, and will be based in Chicago. As global head of Investment Management, Braming will be responsible for the strategic direction of the business, the company said in a statement announcing her appointment.
Braming was most recently a portfolio manager for the William Blair International Small Cap Growth and William Blair International Growth strategies. In this role, she held responsibility for nearly US$20bn of client assets.
William Blair president and chief executive John Ettelson said Braming brought a “deep knowledge and strong understanding of our business, as well as a real commitment and passion for our clients” to her new role at the company, which looks after nearly US$74bn in assets on behalf of clients.
Braming joined William Blair in 2004 as an international and global equity product specialist. Prior to joining the firm, she was a principal at Mercer Investment Consulting, and before that, was employed by the Federal Reserve Bank of Chicago. She is a member of the CFA Institute and the CFA Society of Chicago, where she served on the society’s board of directors.
William Blair & Co was founded in 1935 by William McCormick Blair, and today has offices in 10 cities worldwide in addition to its Chicago base.
JLL, the New York Stock Exchange-listed, Chicago-based, globally-focused real estate giant, has named Martijn van Eldik to head up its Asia Pacific Funds Advisory operations. Van Eldik comes to JLL from Morgan Stanley’s real estate investing arm, and will be based in Singapore.
In a statement, JLL said van Eldik’s appointment comes as the company is looking to grow its capital-raising and investment advisory capabilities globally. Earlier this year JLL named Matilde Attolico and Zeynep Fetvaci to its Global Funds Advisory team’s London office.
Prior to Morgan Stanley, van Eldik held senior roles with ING Real Estate Investment Management and CBRE Global Investors, after beginning his career in the Netherlands. He has spent most of his career in Asia, JLL noted.
At JLL, he reports to Stuart Crow, head of Asia Pacific Capital Markets, and Attolico, who heads up the funds advisory team globally.
JLL is the corporate name for the entity formed by the merger in 1999 of Jones Lang Wootton and LaSalle Partners.
Lombard International Assurance
Lombard International Assurance, the Luxembourg- and Philadelphia-headquartered provider of insurance-based wealth structuring products for high-net-worth individuals, has revealed that its year-old Belgian branch operation is being headed by Nicolas Demarest.
Demarest, pictured left, who has been with Lombard International since 2001, has been overseeing the Belgian office since it opened last year, and is responsible for sales and business development across the Belgian market, the company said.
Lombard was acquired by the New York-based Blackstone private equity group in October 2014, which in 2015, integrated the business with that of a US-based insurance company, Philadelphia Financial, that it had acquired earlier that year.
Prior to being acquired by Blackstone, Lombard International had been a subsidiary of Friends Provident, later known as Friends Life, the UK-based insurance company. It was founded in 1991 by John Stone, who retired in 2012 and who now is a partner in Blevins Franks, the international financial advisory firm now based in London.
The company is now focused on providing “multi-jurisdictional wealth planning solutions” through its “partner networks” across the US, Europe and Latin America, and reports assets under administration of more than €77.5bn and a global staff count of more than 600.