The latest moves, appointments and personnel changes among wealth management and related organisations in the UK, the rest of Europe, the Middle East, Africa and select international locations.

Schroders Personal Wealth
Schroders Personal Wealth (SPW) – the joint venture between the UK’s Lloyds Banking Group and Schroders – has just appointed Martin Andrew to its board as an independent non-executive director.

Andrew has over 25 years’ experience in the asset and wealth management industry. Most notably, he spent 14 years as the CEO of Close Brothers Asset Management, which achieved growth during his tenure following a refocusing on wealth management, the firm said in a statement.

In 2022, Andrew founded independent wealth management advisory firm Gallatin. His career also includes leadership roles at Merrill Lynch Investment Managers and McKinsey & Company.

SPW, which currently has more than 300 advisors based across the UK, manages in excess of £14.3 billion of assets for over 50,000 clients.

“With a commitment to putting clients at the heart of everything it does, Schroders Personal Wealth's dynamic and transparent business model is well-positioned to capture the ongoing growth of the UK wealth management market,” Andrew said.

Syz Capital
Syz Capital, the $1.8 billion alternatives investment arm of the family-owned Syz Group, has appointed Ursula Nitschke as head of business development and investor relations.

Nitschke will be responsible for overseeing the business development, capital raising, investor relations and communication at Syz Capital, the firm said in a statement.

With over two decades of experience in the alternatives and private markets industry, Nitschke brings expertise and a global network spanning both private and institutional investors. In particular, Nitschke established, launched, and led the hedge fund advisory business at UBS Wealth Management by pioneering investor outcome-oriented customised single hedge fund portfolios. Prior to joining Syz Capital, she expanded institutional business relationships at INOKS Capital, a Swiss asset manager specialising in impact private debt strategies, the firm added.

"Ursula’s extensive experience in the alternatives space makes her an invaluable asset to Syz Capital’s growth strategy," Richard Byworth, managing partner and head of liquid alternatives at Syz Capital, said.

“Alternatives and private markets can offer investors much needed sources of compelling returns and real diversification in challenging market conditions,” Marc Syz, CEO, Syz Capital, said.