PEOPLE MOVES: St James’s Place, Old Mutual Wealth, Globaleye, Manulife

St James’s Place Wealth Management Asia

St James’s Place Wealth Management Asia, the Asia-based international arm of London-based, FTSE-listed St James’s Place, has named a former British diplomat with Southeast Asia experience to its international steering committee.

Sir Alan Collins’s  diplomatic roles included serving at various times as high commissioner to Singapore; ambassador to the Philippines; director general of the British Trade and Cultural Office in Taiwan; director general of Trade and Investment USA, and consul general in New York City. Since leaving the diplomatic service he has held and continues to hold a number of non-executive directorships and advisory roles at international businesses.

SJP international partnership director Mike Gravestock said Sir Alan’s appointment underscored the company’s “long-term commitment” to Asia, where it currently has outposts in Hong Kong, Shanghai and Singapore.

Sir Alan, he added, “will provide invaluable direction in deepening our networks in Singapore and across Asia, to better understand and serve the advisory needs of its local and expatriate communities”.

Founded in the UK in 1991, St. James’s Place was listed on the London Stock Exchange in 1997, and is now a FTSE 100 company with more than £75bn (US$96bn) in client funds under management.

It acquired the Singapore-based, expat-focused Henley Group wealth management firm, founded in 1990 and acquired in 2002 by Antony Michell, in 2014.

Old Mutual Wealth

Jon Little has joined the Old Mutual Wealth board as an independent non-executive director. He is the sixth director to be appointed to the board since Glyn Jones became chairman in September last year, as reported.

Little, pictured left, is currently a partner at Northill Capital, a company he founded in November 2010, which provides equity and seed capital to a small number of high-quality start-ups or early stage asset managers.

It also provides equity capital to replace existing shareholders in larger more established asset management businesses.

Assets under management by firms in which Northill owns a majority interest total approximately US$42bn.

Prior to this, he was vice chairman, BNY Mellon Asset Management and member of The Bank of New York Mellon’s Global Executive Committee. He joined Mellon (later BNY Mellon) in 2000 and was latterly head of BNY Mellon’s International Asset Management Business, responsible for all non-US asset management businesses.

Glyn Jones, chairman of the Board, said: “Jon’s excellent knowledge and understanding of the asset management industry will be invaluable as we continue to develop Old Mutual Global Investors and Quilter Cheviot.

“He will also help support this business on its journey to an independent future.

Manulife Financial Corp

Roy Gori is to succeed Donald Guloien as chief executive of Manulife Financial, Canada’s largest life insurance company, on 1 October, after Guloien retires at the end of September.

Gori, a native of Australia who joined Manulife from Citi in early 2015 and who has been head of its Asian operations, will also join Manulife’s Board of Directors, effective October 1, Manulife said in a statement. His appointment will be subject to certain approvals, including immigration approvals, Manulife said.

Gori will take the helm at Manulife as it is rapidly expanding its operations in Asia, as the region’s growing middle classes take up insurance products. In March,  it was given China’s first-ever “investment company wholly foreign-owned enterprise” (WFOE) licence, which it said that the time paved the way for it “to provide its global public market and private assets solutions in the fast-growing asset management industry in China”.

Guloien has worked with Manulife for more than 36 years, including eight as its CEO.

Manulife board chariman Richard DeWolfe noted that Guloien’s tenure at the head of Manulife “began in the aftermath of the most serious financial crisis in modern history, and at a moment when Manulife faced a number of difficult internal and external challenges”, but that “today, [it] has a strong, global footprint positioned for growth, with more than C$1trn in assets under management and administration and C$4bn in core earnings in 2016 alone”.

“On behalf of the board, I would like to thank Donald for every one of his numerous contributions to our company.”

Separately, Manulife also said that Craig Bromley, senior executive vice president and general manager of the company’s US division, which operates as John Hancock, has left the company. Michael Doughty, who currently serves as president and General Manager of John Hancock Insurance, has been named interim general manager of the US operation, the company said, subject again to relevant approvals.


Globaleye, the Dubai-based advisory firm founded and run by Tim Searle, has named Gaenor Jones head of Wealth Management.

Jones, pictured left, most recently has been head of sales, investments and Takaful with the Abu Dhabi Islamic Bank in Dubai.  At Globaleye, she will be responsible for overseeing “quality of advice, ensur[ing] standards are adhered to on all levels, and driv[ing] the company’s commitment to compliance and regulation, as part of the group’s overall strategy”, the company said, in a statement announcing her appointment.

It said she has had more than 20 years of experience in banking and wealth management in the UK and Middle East.

She will also, the statement said, oversee the company’s move towards a salary/fee based model, in what Globaleye recruitment director Lewis Greene noted has become “an [increasingly] regulated environment”.

In a related development, Globaleye recently announced the appointment of Ray Pither as global head of compliance.


Schroders has announced that its energy manager John Coyle is leaving, after 14 years with the company, .

The manager, who has run the firm’s US$520m ISF Global Energy fund for the past 11 years, will depart next month to concentrate on family commitments, Schroders said in statement announcing the change.

The fund’s co-manager Mark Lacey will take over as lead manager. He will be joined by James Luke. The duo currently also work together on the US$109m offshore Schroder ISF Global Gold vehicle.

Coyle has run the ISF Global Energy fund for the past 11 years. He joined Schroders in 2003 after previous fund manager positions at Scottish Equitable and Axa Investment Managers. But his strategy has had mixed performance in recent years. The fund posted a strong rise in 2016 as energy stocks around the world began a recovery on the back of stronger global growth. This year, however, the fund has fallen behind its benchmark again.

Lacey joined Schroders in 2013 from Mercuria Global Energy Solutions, a commodities trading house, and began his role managing a small-cap version of the Global Energy strategy, which was ultimately merged into the main fund.

Previously he managed Investec’s four-strong range of energy funds.

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