European Fund for Strategic Investments, Fonditel, BBVA, Intermediate Capital Group, Legal & General Investment Management, Pioneer Investments, Hartford Investment Management, Pitmans Trustees, Punter Southall, SYZ Asset Management

European Fund for Strategic Investments – A former head of France’s debt management office has been named to the board. Ambroise Fayolle, vice-president for innovation at the European Investment Bank, is one of four members of the EFSI’s steering board, set to oversee the fund’s investment activities. Fayolle, who spent two years as chief executive at Agence France Trésor and has also acted as the French representative to the IMF and World Bank boards, will be joined by Maarten Verwey, a board member for the European Investment Fund. Gerassimos Thomas and Irmfried Schwimann from the directorates-general energy and competition will also sit on the board.

Fonditel – Fernando Aguado, former head of investment and institutional asset allocation at BBVA, has been appointed CIO at Fonditel, asset manager for the pension fund of Spanish telecoms giant Telefónica. Aguado replaces Jaime Martinez, who previously announced his intention to pursue other projects. Aguado had been at BBVA since 1997, and joined BBVA Pensiones in 2008, working in investments and business development.

Intermediate Capital Group – Malcolm White has joined the UK distribution team. He joins from Legal & General Investment Management, where he was head of fixed income distribution, working with investment consultants and institutional investors. Before joining L&G IM 10 years ago, he was head of credit at First State Investments.

Pioneer Investments – Kevin Choy has been appointed as a portfolio manager on the alternative fixed income team. He joins from Hartford Investment Management, where he was a senior analyst covering a variety of sectors. Before then, he was a senior analyst at OFI Global Asset Management.

Pitmans Trustees – The trustee and governance services provider has appointed Alison Bostock as client director. She previously worked at Punter Southall, where she was a scheme actuary, investment consultant and head of the London office. Before then, she was a consultant and actuary at Clay & Partners.

SYZ Asset Management – The asset management division of Switzerland-based SYZ Group has appointed Adrien Pichoud as chief economist. He joined the SYZ Group in 2010 as an economist and before then spent seven years as an economist in a brokerage firm in Paris.

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