Leggate joinds Russell Investments as ME head
Russell Investments, the global investment management company, has appointed Jim Leggate as managing director of its Middle East business as part of its expansion plans in the Gulf Cooperation Council (GCC) region.
Leggate (above) will be based in Dubai and report to Pascal Duval, president of Russell's EMEA business.
Previously, Leggate was executive director and head of EMEA asset owners and investment consulting at MSCI. He has over 20 years experience in financial markets across a number of disciplines including indexes, sovereign wealth funds, pension funds, investment consulting, asset management and private banking, Russell said. He has been covering the Middle East for the past 14 years and was based in the region from 2006-2010.
The company plans to increase its local staff and one of Leggate's first responsibilities will be to build a team of industry professionals.
“Jim’s mix of experience and deep knowledge of sovereign wealth funds, stock exchanges and institutional investors perfectly matches Russell’s services. It also leverages our local partnerships with Jadwa Investment and Rayan Asset Management,” Duval said.
Berenberg senior hires for London bank
Berenberg Bank, Germany's oldest independent bank, has hired two senior staff in London to boost its eight-month old UK private banking unit.
The bank has appointed Max White as a director focused on clients in the Channel Islands, the Isle of Man and Britain’s north-west region, and Charlotte Baird as an associate director.
White has advised on various asset classes and strategies for wealthy individuals, trusts and family offices. He joined the Hamburg-headquartered bank after eight years in Morgan Stanley’s private wealth management division.
Baird has joined from Deloitte where she gave investment and financial planning advice to very wealthy clients, their families and trusts in the UK and overseas. She will develop Berenberg’s links with intermediaries including law firms, tax advisors and accountants.
Ross Elder and Fred Hervey, co-heads of Berenberg’s London-based private banking team, welcomed the appointments at a time when "there is a war on talent in London for quality private wealth management advisers."
Last month Berenberg announced Matthew Stemp had joined from UBS global asset management where he was head of UK responsible for the development and management of all client relationships.