New products head at Santander Private Banking, Jersey
Santander Private Banking in Jersey has appointed Paul Clifford to a newly created role of head of investment products.
Clifford was previously with the Jersey subsidiary of FirstRand Group, Ashburton, where he was jointly responsible for establishing the company’s Jersey wealth management business.
Clifford will be working closely with the Santander Private Banking global division to bring new products and services to clients.
Clifford is also vice-president of the Chartered Institute of Securities and Investments Jersey Committee.
Hawksford appoints Osborn-Smith for Swiss office
The Hawksford group has appointed Grant Osborn-Smith as Swiss office manager.
In his new role, he will divide his time between Jersey and Zurich and will be responsible for setting up processes and procedures for the company’s Swiss clients.
Osborn-Smith has more than 12 years’ experience in the trust sector in Jersey. He moved to Switzerland to set up a Zurich office for Rawlinson and Hunter. After establishing another trust company in 2009, STM Swiss, he spent a year on sabbatical, working in the commercial sector.
He will be responsible for the development of trust work for L-S&S, the Zurich-based company acquired by Hawksford’s earlier this year.
Polar Capital hires to build European market
Polar Capital Holdings has appointed Ton Tjia to establish a European market neutral franchise for the group.
Prior to joining Polar Capital, Tjia was at Ratio Asset Management where he managed the $15m Ratio European opportunities fund, the management contract of which was transferred to Polar Capital. Before that, he worked at Millennium Capital Partners running a quasi-market neutral long/short European equities book and has held several positions in the fund management industry since 1980.
He will be joined at Polar Capital by Bradley Reynolds who also worked at Ratio.
Tim Woolley, chief executive of Polar Capital, said Tjia’s appointment would enable the company to expand its UCITS III product offering in coming months
Groupama names Martel as new CEO
French insurance company Groupama has named Thierry Martel, formerly managing director of the insurance and banking divisions, as it’s new chief executive. He joined company in 1990.
Martel replaces Jean Azéma, who had been chief executive since 2000, but was dismissed in October following the company’s downgrade by both Standard and Poor’s and Fitch the previous month.
Christian Collin, formerly director of finance and risk, has been appointed deputy chief executive. Collin, who joined the company in 2000, is also president and administrator of Groupama AM, the group’s asset management division which has €90bn of assets under management.
Mirabaud reinforces French team
Swiss private bank Mirabaud et Cie has appointed Renaud Martin as head of convertible bond management within its asset management business line based in Paris.
Martin joins Mirabaud from Calyon where he was head of the convertible bonds team since 2005.
His move reflects Mirabaud’s increased focus on its French activities having recently developed Mirabaud Gestion, the Paris-based asset management division of Mirabaud.
Mirabaud Gestion now offers custodian services and has been renamed Mirabaud France.
Mirabaud France has been licensed by the French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel) to operate as an investment company in combination with its former activities including portfolio management, order execution and investment advice.