AIG Life Limited, a division of American International Group has appointed Philip Willcock as chief executive officer, effective March 1, 2019. He will be based in London and will report to Adam Winslow, CEO, International, Life & Retirement.
Willcock spent over 20 years with Aviva holding various senior positions in the UK Health and Life businesses. Most recently, he was CEO and President of Aviva's joint venture in Indonesia and CEO of Aviva Italy. He joins AIG from RPMI where he was chief executive officer, responsible for the RailPen pension program.
South Africa based asset manager Nedgroup Investments has expanded into Europe with the appointment of Nick White as head of UK & European Distribution.
White's appointment is the next step to European expansion plan that will see additional announcements in due course, as the business looks to further strengthen its Ucits fund range over the coming months. He joins from Carmignac, where he was a partner, and head of Discretionary Business Development. He has over 16 years' experience in the industry.
Schroders has promoted its UK and European equities boss Rory Bateman to head of equities, replacing Nicky Richards who is moving to a role as a senior adviser for the firm.
Starting in his new role from March 2019, Bateman takes over from Richards, who has held the position since re-joining the firm in 2014.
Royal London group chief executive Phil Loney has announced he is stepping down after seven years at the end of 2019, the same day as the firm announced Kevin Parry as its new chairman.
Loney has worked at RLAM since 2011 and will step down at the end of 2019 in order to focus on his charitable interests.
Legal & General Investment Management (LGIM) has hired Giancarlo Sandrin, former head of asset manager clients at BlackRock's iShare's business in Italy, to lead the launch of its new retail business in Milan.
The launch of the Italian business is part of LGIM's wider plans for European expansion, with the firm rolling out a range of ETFs, SICAVs and UCITS funds to Italian investors.
Apollo Multi Asset Management has merged with financial planner Total Wealth Planning (TWP) to form a business with £450m in assets under management (AUM).
The firm's two business units of asset management and wealth management will remain separate but will benefit from sharing technology, back office and operational capabilities. As part of the merger, co-founder of Intrinsic Financial Services and Bellpenny Kevin Ronaldson has joined the board as chairman.
Janus Henderson Investors has appointed Michael Ho as its global head of multi-asset and alternatives and as the newest addition to the group's executive committee.
In this newly created role, Ho will head up the firm's asset allocation, multi-strategy and alternatives teams across the globe from London, starting his role on 14 January.
Butterfield has recruited three new members of staff after agreeing to acquire Deutsche Bank's banking and custody business in Jersey.
Helen Shoreson has been appointed as vice president of Human Resources, Chris Carter has been appointed chief financial officer, and Giorgina Lister will take on the role of Marketing Manager.
Offshore law firm Carey Olsen has promoted restructuring and insolvency lawyer David Jones into the partnership, with effect from 1 January 2019.
David, who joined Carey Olsen as an associate in 2010 before being promoted to senior associate and counsel in 2012 and 2016 respectively, will lead the Guernsey restructuring and insolvency team providing specialist advice in relation to business restructuring and insolvency in contentious, non-contentious and multi-jurisdictional matters.
Franklin Templeton has made two appointments to better position the firm to deliver new equity strategies in China and Asia.
Jason Zhu Guoqing was named director of portfolio management for China, and Yu-Jen Shih was appointed portfolio manager and deputy director of Research for the firm's emerging markets team. Zhu will be based in Shanghai and Shih in Singapore.