BNY Mellon Investment Management has hired Nick Thiem from Coupland Cardiff Asset Management as head of UK wealth managers and private banks.
Thiem replaces Hugo Wheeler, who joined Muzinich & Co. as head of UK wholesale in September.
At Coupland Cardiff, Thiem was head of UK distribution, responsible for the development and growth of the firm’s UK business.
He has also held a number of senior distribution roles at major asset management firms, including Aberdeen Asset Management (now Standard Life Aberdeen), Scottish Widows Investment Partnership and Gartmore Investment Management (now Janus Henderson Investors).
Fergus McCarthy, head of UK and Ireland intermediary distribution at BNY Mellon IM, commented: “Nick’s appointment underpins our commitment to the wealth management and private banking segment where we continue to see many opportunities for growth.
“With his extensive expertise and knowledge, he is a strong addition to the team and will play an integral role in driving forward our ambitions in this area.”
Furthermore, the firm has hired Adam Lomas as investment sales manager from Franklin Templeton, who will be responsible for sales across the South East and London.
In addition, it has expanded its strategic partnership team with the appointments of Amy Henderson and Ryan Grey, who are joining from Jupiter Asset Management and the internal UK client services team, respectively.
In March, Investment Week revealed Julian Horton was leaving his role as director, UK financial institution groups, after 20 years with BNY Mellon having held a number of senior distribution positions.
BNY Mellon IM has $1.8trn assets under management (AUM) as of 30 September, across a range of affiliated investment firms including Insight Investments, Newton Investment Management, The Boston Company, Mellon Capital Management and Standish.
This article was first published by Investment Week.