People Moves

Who's Moving Where In Wealth Management? – Impax, Evelyn Partners, Nuveen, Others

Editorial Staff, 21 September 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.

Impax Environmental Markets
Impax Environmental Markets, the UK-listed investment trust, has appointed Glen Suarez as an independent non-executive director, effective 1 October. He is expected to take over from John Scott as chair when the company concludes its annual general meeting in May next year. At that point, Scott is due to retire. 

Suarez, who has held executive and non-executive positions, is executive chairman of the board of Knight Vinke Asset Management, where he was previously chairman of the audit committee. He is a senior advisor to FMAP Limited, a consultancy founded by Lord Maude which advises governments on the implementation of public sector reform. He is a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Royal Society of Arts.

Among other roles, he was chairman of The Edinburgh Investment Trust plc until July 2022, a position he had held since 2017, having joined the board in 2013.

Evelyn Partners    
This week, UK wealth management and professional services firm Evelyn Partners has appointed Paul Morris as a director of financial planning in its financial services team in Bristol, to help grow the business.

Morris is a Chartered Wealth Manager with 25 years’ experience in the industry, both internationally and in the UK, the firm said in a statement. His career has involved a period as a client director at wealth management firm Brown Shipley, as well as spells with HSBC Private Bank and Barclays Wealth in Jersey, it added.

Amanda Browning, head of financial services at Evelyn Partners in Bristol, said: "His appointment comes at an important time for us and is part of our plans to grow our business across the region.”

Morris added: “I couldn’t be happier to have joined Evelyn Partners at such an exciting time, as we move forward with our new brand. We have a compelling offering for our clients, and I look forward to contributing to our continued success over the coming years."

Evelyn Partners was created following the merger of Tilney and Smith & Williamson. It has £52.7 billion ($60 billion) of assets under management, and a network of offices across the UK, as well as the Republic of Ireland and the Channel Islands. 

Nuveen    
Nuveen, a global investment manager, has appointed Nick ap Simon as managing director in its Private Credit Specialist team, based in London. 

He brings just under 20 years’ experience in institutional sales and investor relations to the role, the firm said in a statement this week. He has worked across Europe and the Middle East, focusing primarily on private credit, direct lending and structured credit. He has gained business development experience across alternative markets including private debt, private equity, real estate and infrastructure, the firm added.

He has joined Nuveen from Cross Ocean Partners, where he most recently worked as head of EMEA Marketing. Prior to this, he worked at a variety of financial practices including Ashmore Group, Partners Group AG and Man Group.

In the role, which started in August, ap Simon is responsible for building and leading Nuveen’s Private Credit Specialist team to develop lending opportunities to high quality assets, the firm said. He will also focus on strengthening the team's already extensive relationships and leveraging Nuveen’s network power to broaden the team capability and offering.

He will be reporting to Simon England-Brammer, head of EMEA and APAC Institutional at Nuveen, who said: "Private credit has seen significant inflows for much of the past decade and the current volatile and inflationary environment adds to the asset class’s attractiveness. His relationships in the market will help to further drive our multi-asset portfolios that incorporate private credit.”

Nuveen, an investment manager of TIAA has $1.1 trillion in assets under management. 

Praetura Ventures
Manchester, UK-based venture capital firm Praetura Ventures has made five new hires to join its team of investment experts, including GC Angels’ Jessica Jackson.

Jackson is joining as an investment manager. Prior to joining GC Angels in December 2018, Jackson worked in healthcare technology with Emis Health and Evergreen Life, gaining experience in M&A, start-up growth and angel investment. More recently, she has led investments into Guardian Angel, Collctiv and Xploro. She has also helped support funding rounds led by Praetura Ventures into Manchester-based workplace harassment platform Culture Shift.

In her new role, Jackson will drive new investments from Praetura’s EIS Growth Fund, as well as its new GMC Life Sciences Fund By Praetura. 

Other new hires include Grace Sanderson and Michael Rees, who join the team as investment executives. Sanderson – who previously spent three years at Maven Capital Partners – will support the GMC Life Sciences Fund. Rees is joining from the Development Bank of Wales, where he specialised in technology venture investments; he will focus on supporting the firm’s EIS portfolio.

Praetura Ventures has also recruited two new graduates as investment associates. Emily Bourne graduated with a linguistics degree from the University of Oxford this summer, where she also gained experience with a year abroad at Paris-based VC Partech. Stefano Smith graduated from the University of Dundee in 2020, and has spent 18 months as a trainee financial planner at Forth Capital.

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