PEOPLE MOVES: Aviva Investors, Zedra, Canada Life, Butterfield Mortgages
Aviva Investors, the global asset management business of Aviva plc, has named two to its multi-asset team. Harriet Reeves joins the Aviva investment strategy team as multi-asset strategist, while Iain MacCormick joins its implementation team as multi-asset implementation manager.
Reeves comes to Aviva Investors from Comac Capital, where she was an analyst, and had been responsible for the fundamental economic analysis used to inform trading decisions across that asset manager’s developed and emerging markets operations. Prior to this, she was a research analyst at Nomura.
MacCormick most recently had been with Standard Life Investments, where his 12 years of experience was primarily in the dealing area, focused on derivatives across multiple asset classes.
Also at Aviva Investors, Sunil Khrishnan has been named head of Multi-Asset Funds. He will oversee the teams managing multi asset portfolios across institutional and retail clients. He joins in October and will be based in London, reporting to Peter Fitzgerald, global head of Multi-Assets.
Her appointment reflects Zedra’s plans, announced earlier this year by Zedra chief executive Niels Nielsen, to expand in Asia, with additional appointments due to be announced “over the next month or so”, a company spokeperson said.
In her new role with Zedra, Yee will focus on the development of the company’s pan-Asian trust business, Zedra said.
Yee, pictured above, is a qualified lawyer and trust expert, with more than 20 years’ experience of the Singaporean high net worth wealth management sector. Previous employers have included Standard Chartered Trustees, Padang Trust Singapore, Merrill Lynch Bank & Trust Co and UBS, according to a Zedra statement announcing her appointment.
Yee specialises in providing “structuring solutions for local Asian families with complex asset holdings”, Zedra said.
These, it said, include both successful local family businesses as well as larger family trusts that encompass multi-jurisdictional and multi- asset class holdings.
According to Yee, successful Asian families “often have very specific needs which are not always catered for by traditional providers”, and which, she noted, Zedra plans to deliver.
Canada Life Individual Protection has expanded its distribution team with the appointment of two new relationship managers.
Joanna King brings ten years intermediary and insurer experience from her previous account management and business support roles, and is described as a specialist in protection. Before joining Canada Life, she has worked for UnderwriteMe and Royal London.
Evie Plumb is new to the financial services and protection markets, having previously worked in the recruitment consultancy field. At Canada Life Individual Protection, her title is sales development consultant.
Canada Life re-entered the individual protection market in August 2015.
Bermuda-based Butterfield Bank, one of the oldest names in offshore banking circles, has named four experienced business-development professionals to its UK mortgage business, as it looks to expand its footprint in the market.
The first of the four, Ralph Punter, has been named senior manager, intermediary sales, and will be tasked with managing the intermediary business development team’s activities. Punter had previously held similar roles at Harrods Bank and Virgin Money.
Also joining the team, as business development managers, are Christopher Watts and Amar Mashru. Watts and Mashru have more than 10 years’ experience each in the financial services sector, with a particular focus on residential mortgage lending for high-net-worth individuals.
The fourth new member of the team is Kevin Turmore, who has been hired, the company said, to help integrate the new team into Bermuda Mortgages, while ensuring its activities are consistent with the company’s strategic plan for the UK market.
Turmore is described as having had extensive change-management and business development experience, with previous roles including having serve as group chief executive of Arlo Associates; head of UK Financial Services Practice at Alexander Proudfoot Consulting; and various other roles at a number of major banks.
As reported, Butterfield wound down its UK private banking operations in 2016, saying at the time that it was looking to focus more on the offshore parts of its business. It said it would, however, maintain its UK mortgage business, which is what it is now looking to grow.