5. GENDER EQUALITY

Trading Places: HSBC bolsters green team, Citi’s European push continues, Nutmeg boss leaves – Financial News

Written by Amanda

HSBC promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance — a key area of focus for the UK lender.

Alexi Chan has been named head of global banking sustainability, according to an internal memo sent by global banking and markets chief, Greg Guyett, seen by Financial News. Chan headed up HSBC’s capital markets unit and was also deputy head of its capital financing and investment banking coverage division.

Citigroup hired Deutsche Bank’s former head of investment banking coverage in Europe into a key role, as the US investment bank continues to push for the top spot in the region.

Patrick Frowein has joined Citigroup as vice chairman of banking, capital markets and advisory in Europe, the Middle East and Africa, according to an internal memo seen by FN.

Nutmeg chief executive Neil Alexander stepped down following the firm’s buyout by JPMorgan. Sanjiv Somani, as part of his role leading JPMorgan’s international consumer business in the UK, will take on responsibility for Nutmeg, “bringing the businesses more closely together.”

Meanwhile, wealth management advisory and research business Asset Risk Consultants has named Stephen McMahon as its next CEO, replacing founder Graham Harrison, who launched the business in 1995.

McMahon, who joined the business in 2008, will remain managing director of ARC’s Jersey office. Harrison will assume the role of group executive chair.

In the world of asset management, Janus Henderson poached a four-person emerging market debt team from Danske Bank Asset Management. The team, which comprises portfolio managers Bent Elvin Lystbaek, Jacob Ellinge Nielsen, Thomas Haugaard, and Sorin Pirău, will join by 1 September and will be based in Copenhagen.

The hires are part of Janus Henderson’s ambition to build its fixed income capabilities, particularly emerging market debt which it said is a “fast-growing segment of the market”.

AllianceBernstein, the $687bn asset manager, appointed Thomas King as UK retail sales manager. King, who joins the firm from Federated Hermes, where he was manager of wholesale sales, will be responsible for managing a network of retail clients in London and Channel Islands. King’s appointment means AllianceBernstein now has seven people across its UK retail sales team.

Newton Investment Management — one of BNY Mellon Investment Management’s fund management subsidiaries — bolstered the senior leadership of its multi-asset business with two appointments.

Paul Flood, who is currently lead manager of the BNY Mellon multi-asset income fund and BNY Mellon multi-asset diversified return fund, has been named as head of mixed assets investments. As part of the role he will assume oversight of the BNY Mellon multi-asset growth fund, currently run by Robert Stewart who is retiring later this year.

Hilary Meades, who currently oversees clients including universities and religious and medical charities, has been named head of charities investment. Both Flood and Meades will report to Mitesh Sheth, chief investment officer of multi-asset, who joined in January.

Finally over in fintech, Revolut appointed a new chief executive in the US as it looks to expand its operations across the Atlantic.

Sid Jajodia, who joined the company last year as chief banking officer, will oversee the rollout of Revolut’s products in the region after it launched its American business in 2020.

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Source: fnlondon.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai