The latest moves, appointments and other personnel changes in wealth management for the UK, rest of Europe, the Middle East and other select jurisdictions.

Nuveen
Nuveen, a $1.3 trillion asset manager and investment manager, has appointed Harriet Steel as global head of institutional business. Based in London, Steel reports to Mike Perry, head of the firm’s global client group.

In this newly-created role, Steel is responsible for accelerating the growth of Nuveen’s institutional business, developing the business strategy to globalise its engagement with clients, leading all direct sales, asset class specialists and consultant relations personnel. She will also lead the growth of Nuveen’s Insurance client segment.

Before this role, Steel was partner and head of global clients for Pemberton, a European private debt manager, starting in April 2023. Previously, Steel spent over 11 years at Federated Hermes, most recently heading up its international business development. Prior to the acquisition of Hermes by Federated Investors in 2018, Steel was global head of business development and served as a member of the business’ executive committee and a board director. 

Broadridge
Broadridge Financial Solutions, has appointed Quentin Limouzi in the new role of global head of post-trade. 

“Post-trade” refers to the processing that goes on after a financial trade has occurred. This side of financial operations is akin to the “plumbing” of markets to ensure that they function smoothly. The area has become more tech-driven, given the faster speeds of trade and volumes of turnover.

Prior to joining Broadridge, Limouzi served in leadership and senior executive roles with LSEG (London Stock Exchange Group), TS Imagine (formerly TradingScreen), HSBC and BNP Paribas.

GAM Investments
GAM Investments, part of Zurich-listed GAM Holding, has hired three European equity team members from Janus Henderson Investors. 

The team, which will be led by Tom O’Hara, will include Jamie Ross and David Barker. 

Between them, the trio has managed more than €6.5 billion ($ billion) in European equity funds on behalf of institutional and retail clients globally. They will join GAM over the coming months, the firm said in a statement. 

O’Hara has been a portfolio manager on the European equities team at Janus Henderson Investors since 2020; Ross has been a portfolio manager at the same team since 2016; and Barker has been a research analyst on the team since 2021. 

JTC Law
JTC Law has just made two partner appointments, including establishing its first on-the-ground presence in the Caribbean, as part of its growth strategy.

Ruth Hatt (pictured below) will be JTC Law’s first partner based in the Cayman Islands, while Fiona Dalton has been appointed as head of banking and finance within the firm’s Jersey team, the firm said in a statement. With more than 20 years’ experience in corporate advisory work including mergers and acquisitions, regulatory and licensing, and private equity and hedge fund formation, Hatt has had a career working at law firms in the Cayman Islands, including most recently acting as regional general counsel for a Big Four Global Accounting Firm. Prior to this, she worked for Clifford Chance in London. She is also an associate member of the chartered institute (ACII) and an anti-money laundering specialist (CAMS).

Ruth Hatt

Hatt's appointment reflects JTC Law’s ambitions to enhance its international legal services proposition and expand its footprint across the offshore legal market.

In addition, Dalton (pictured below) has more than two decades of experience working at law firms in Jersey, covering finance, corporate, trust and restructuring, particularly real estate finance and structuring, as well as unit trusts, trusteeships, limited partnerships and corporate special purpose vehicles (SPVs). For the last 12 years, she has worked alongside the senior team at Jersey’s largest firm to support its growth and development and attain its top tier status. Dalton is ranked in the Legal 500 as a Rising Star and recognised as a ‘Notable Practitioner’ in the IFLR 1000.

Fiona Dalton

JTC Law has an alliance with FTSE 250-listed global service provider JTC, to provide a range of legal services spanning investment funds, corporate and commercial, dispute resolution and litigation, private client and international trusts as well as notarial services.

Stonehage Fleming Investment Management
Stonehage Fleming Investment Management, a multi-family office, has announced that Nick Burchett (main picture) will assume the full management of two of the firm’s funds: TM Stonehage Fleming Opportunities Fund; and the TM Stonehage Fleming AIM Fund.

Paul Mumford will remain involved in the management of both funds in his capacity as senior fund advisor, providing guidance and counsel to Burchett, the firm said in a statement. The investment philosophy of both funds will remain unchanged.

Mumford started the Opportunities Fund as a UK-focused long-only fund in 1988, and the AIM Fund, the UK’s only 100 per cent AIM stock fund, in 2005. Burchett is an investment manager whose career in the City spans 40 years, the last seven of which have been spent working alongside Mumford on the two funds.

Stonehage Fleming Investment Management is a global investment practice with teams based in London, Zurich, Liechtenstein, Cape Town, Johannesburg and Jersey.