People Moves

Who's Moving Where In Wealth Management? – Stonehage Fleming, HSBC, Ocorian, Others

Editorial Staff, 10 August 2022

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The latest moves and appointments for wealth management roles in the UK, other parts of Europe, the Middle east and select international locations.

Stonehage Fleming
Stonehage Fleming, an international family office, has appointed Dena Brumpton and Michael Solomon to join the group board.

Brumpton is the former chief executive of Barclays' Savings, Investments and Wealth Management division who sat on Barclays’ UK Executive Committee, the firm said in a statement this week. She spent the majority of her executive career at Citigroup, most recently as the global chief operating officer of the private bank.

Brumpton currently sits on the board of Scottish Widows Schroders Personal Wealth, Maitland Group, Churchill Capital V, the firm added. She is also an advisor to Mirabaud & Cie, UK, she formerly served on Cancer Research UK’s Women of Influence Board and was a member of British Airways International Business Advisory Board, the firm said.

Michael Solomon joined the group board in April, following the completion of Stonehage Fleming’s acquisition of Maitland’s Private Client Services business. He is a corporate and commercial lawyer with extensive experience in cross-border mergers and acquisitions, international tax and corporate finance, the firm explained. His appointment follows his previous roles as chairman and, more recently, as non-executive director of the Maitland Group.

Welcoming them to the board, Chris Merry, group CEO of Stonehage Fleming, said: “Their extensive experience will be invaluable as they work alongside our existing board members to shape the future of the business.”

Solomon added: “Following Stonehage Fleming’s acquisition of Maitland’s Private Client Services business, I look forward to taking on this new role on the Stonehage Fleming board and combining both Maitland’s and Stonehage Fleming’s diverse and comprehensive offerings to our clients.”

Stonehage Fleming is a multi-family office, located in Europe, the Middle East and Africa, which advises on over £60 billion ($75 billion) of assets.

HSBC Asset Management
HSBC Asset Management has appointed François Xavier Douin as head of its institutional business in the Nordics and Ali Karmali as head of its institutional business for the Middle East and Africa.

They will both report to Maria Ryan, head of institutional business UK, Nordics, Middle East and Africa, the firm said in a statement this week.

Douin has more than 30 years’ asset management experience, most recently spending over 20 years at J.P. Morgan Asset Management focusing on institutional markets in the Nordic region. Prior to this, he worked at Lazard Asset Management and Paribas Asset Management.

Karmali has more than 20 years of institutional experience. He is joining from First Sentier Investors (formerly First State Investments) where he spent 19 years, nine as head of Middle East and Africa from offices in the UK, the UAE and Singapore, the firm added. Prior to this he worked in varying capacities covering institutional business and asset consultancy relationships across Australia and New Zealand.

Welcoming them to the firm, Ryan said: “The Nordics and Middle East are key markets for our long-term growth strategy given the very strong alignment of our investment capabilities and client needs. We’ve accomplished a lot recently as clients continue to choose us due to our strength in both core and alternative asset classes.”

“Their combined depth of experience will be invaluable as we continue to grow and evolve our business in both regions,” she added. 

HSBC AM manages $595 billion in assets under management, with 58 per cent of total AUM attributable to institutional clients.

Ocorian
Ocorian, a financial services group, has made two key hires to its newly-established Strategic Client Group with the appointments of Jamie Gleeson and James Kent.

The firm said that they are joining chief commercial officer Simon Behan’s Strategic Client Group They will focus on maximising client cross-sell opportunities and bringing Ocorian’s five service offerings to each client relationship.

Gleeson is an asset management specialist with over 22 years’ experience in senior business development roles. Most recently, he was head of EMEA Hedge Fund Sales at SS&C GlobeOp. Previously he worked for BNY Mellon, State Street, and Bank of America Merrill Lynch, the firm said in a statement this week.

Based in London, he will work with service line heads and client teams to develop strategic client solutions which support the firm’s growing clients’ needs in the most effective way.

Kent brings nearly 24 years’ of experience in institutional relationship management and sales within large international banks. He worked at Northern Trust in London for more than 14 years, most recently as a senior relationship manager in the firm’s Asset Servicing business. Previously, he worked in relationship and operational management roles at the Bank of New York Mellon, International Financial Data Services, and Mellon Fund Administration, the firm added.

Welcoming them to the firm, Behan said: "They bring a wealth of knowledge and experience to the organisation and will work closely with all Ocorian’s service lines to understand our clients’ strategic objectives and most effective solution to support them going forward.”

Ocorian, which has $270 billion in assets under administration. specialises in corporate and fiduciary services, fund administration and capital markets. It has locations in Bermuda, the BVI, Cayman, Denmark, Guernsey, Finland, Hong Kong, Ireland, the Isle of Man, Jersey, Luxembourg, Mauritius, the Netherlands, Norway, Singapore, Sweden, the UAE, the UK, and the US.

Evelyn Partners
Evelyn Partners, a UK wealth manager created from the merger of Tilney and Smith & Williamson, has appointed Austin Flood as a financial planner in the firm’s Guildford office, as part of its continuing South East expansion.

The hire will help the firm keep pace with the increased demand it is seeing for wealth management services in Guildford and wider Surrey, the company said in a statement.

Flood is joining Evelyn Partners from Bespoke Independent Financial Advisers where he spent the past four years working as a financial advisor, the firm added. He will be based at Evelyn Partners’ office at Onslow House in the heart of Guildford, which offers clients a range of financial services including investment management, investment advisory and financial planning from highly qualified experts.

Welcoming them to the firm, Lee Matthews, managing partner at Evelyn Partners’ Guildford office said: “We are continuing to see an increase in demand for financial planning and investment management in Guildford and we are hiring talented and experienced financial planners to service our existing and future clients.”

Evelyn Partners is a UK wealth management and professional services group, with £52.7 billion ($63.8 billion) of assets under management as at 30 June 2022.

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