UBS appoints head of Italy division
UBS has appointed Fabio Innocenzi as chief executive of its Italian private banking division.
He succeeds Ferruccio Ferri, who has been promoted to another senior role within the bank.
Innocenzi joins from Intesa Sanpaolo, where from 2009 he was responsible for the group's North-East Italy division and head of Cassa di Risparmio del Veneto.
Prior to his roles at Intesa Sanpaolo, he was chief executive at Banco Popolare, the result of a merger between Banco Popolare di Verona e Novara and Banca Popolare d'Italia. The group has more than 2,000 branches, mainly throughout Northern Italy. He subsequently served on the bank's management board.
He has also served on the board of Banca Aletti, a Milan-based private bank, and on the boards of Dexia SA, Credito Bergamasco and Banca per il Leasing Italease. He also has experience of heading UniCredit's asset management subsidiary, Pioneer Investments.
ING IM loses manager to BlackRock
BlackRock has continued its September recruitment spree by taking on Al Denholm from ING Investment Management to run its multi-asset client solutions team as managing director and regional head.
In this newly created role, Denholm will work closely with Michael Huebsch, managing director and global head of BlackRock’s multi-asset client solutions team. Specifically, Denholm will be responsible for leading the team’s EMEA activities.
The multi-asset client solutions team’s four main functions include client strategy, solutions portfolio management, active asset allocation and research and business management.
Denholm will oversee these functions and assume responsibility for the active asset allocation and research team.
This is BlackRock’s third big hire since September. Last month it appointed Ingo Heinen as managing director of its Alternative Investors group from the Royal Bank of Scotland.
It later transpired BlackRock had lured Simon White from German equity specialists RCM to be its head of investment trusts. He played a similar role while at RCM.
At ING Investment Management Denholm was a member of the four person leadership team responsible for overseeing ING IM’s investment management activities in over 20 countries.
He recently oversaw equity research and portfolio management in Europe, Japan and Australia, including trading activities for all asset classes in Europe, as well as multi-asset portfolio management.
In addition he oversaw the business management aspects of the global front office at ING IM, and played a leading role in portfolio management technology and infrastructure planning.
Pictet AM hires Tony Andersson
Pictet Asset Management has hired Tony Andersson as an investment manager in the sector and theme equities team. He joined Pictet on 3 October 2011 and will be based in Geneva.
Andersson joins from UBS where he worked for nine years. Following research responsibilities for a variety of sectors, he has spent the past six years focusing on global technology and telecommunication stocks.
Hans Peter Portner, head of sector and themes equity, said Andersson brings a wealth of expertise and company contacts from his network in the telecom and technology sector.
New chief minister for the Isle of Man
Former treasury and economic development minister Allan Bell has been appointed as the new chief minister of the Isle of Man.
He was elected by the island's parliament where he has been a member for 27 years. He takes over as leader of the Manx government from Tony Brown, who has retired from politics.
Bell was first elected to the House of Keys in 1984 and was treasury minister from 2001 to 2010.
New hires at Kinetic Partners
Professional services company Kinetic Partners has appointed Patrick Crumplin, Martin Duff and Emily Benson to its consulting team. Separately, Angela Liotta has been hired as global talent director.
Patrick Crumplin joins as a director, specializing in regulatory and financial investigations support. He has over 13 years of experience across a range of different industries, with a strong emphasis on the financial services sector.
Martin Duff joins as a consultant, after four years in New York advising on a range of risk, regulatory and compliance projects. He has more than 10 years' experience in the regulation and compliance of FSA-regulated alternative and UCITS funds.
Emily Benson joins as a director in the consulting team from a major retail bank where she was a regulation specialist. She is experienced in financial services law and regulatory requirements and their implementation in the retail and wholesale sectors.
Angela Liotta's role as global talent director is a newly created role to help the firm develop the talent agenda to support future growth. She joins from American Express and has over 14 years' experience in the global financial services industry.