Peter Hetherington has been appointed as chief executive of Schroders Personal Wealth, the new wealth management joint venture owned by Schroders and Lloyds Banking Group that is due to launch in November with £13bn in assets and 30,000 clients. Mr Hetherington, the former chief of IG Group, the online trading platform, replaces James Rainbow, who returns to Schroders as head of UK distribution and Latin America for the £444bn London-listed asset manager.
Schroders has promoted Marc Brookman to chief executive, North America. He was previously deputy to Karl Dasher, who is leaving at the end of the year.
Man Group has recruited Paul Chambers as head of quantitative investment and research at Man GLG, a new role at the discretionary investment management arm of the $114bn London-listed hedge fund manager. Mr Chambers is returning to Man from Balyasny, a rival hedge fund manager. Louis Rieu has also joined as co-portfolio manager on Man GLG’s responsible investment European equity strategy, working alongside Mike Canfield. Mr Rieu previously worked at Lofoten Asset Management.
Ashburton Investments, the asset management arm of South Africa’s FirstRand Group, has named Sizwe Nxedlana as chief executive. Mr Nxedlana, the head of wealth and investment, replaces Boshoff Grobler, who has moved to a new role in FirstRand’s Treasury unit.
Frank Heiss has moved to Intermediate Capital Group, the €38.6bn London-listed alternative asset manager, as a managing director in its European infrastructure team. Mr Heiss, who will be based in Frankfurt, joins from Swiss Life.
Casey Forester has joined the sales team at Impax Asset Management to focus on renewable energy infrastructure for the £14.5bn sustainable investment specialist. Ms Forester previously worked at Foresight.
Mayfair Capital, the UK real estate investment boutique owned by Swiss Life, has a new chief investment officer. Tim Munn, who joins from CBRE Global Investors, replaces Robert Palmer, who will return to running client money at Mayfair.
Two arrivals in the infrastructure debt team at AMP Capital, the A$200bn Australian asset manager. Olivier Heinen, who will be based in London, joins from CIBC Capital Markets. Eddy Frances will be based in New York after moving from Citigroup.
Osmosis Investment Management, the $1.5bn London-based sustainable investment boutique, has hired Fredrik Werneman as head of its European distribution team. Mr Werneman joins from Insight Investment.
BlackRock has named Manish Mehta as global head of human resources. Mr Mehta, global head of markets and investments for ETF and index investing, and chief operating officer of iShares, replaces Jeff Smith, who was fired in July for an unspecified code of conduct breach.
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