DC Investment Forum, Cambridge Associates, APG, USS, Newton, Fulcrum
APG Asset Management – The asset manager has appointed Jan Mark van Mill as managing director of multi-asset, effective 1 April. He succeeds Peter Wijn, who will retire at the end of March.
Van Mill, who joined APG as a trainee in 2000, is currently head of treasury and trading. In this capacity, he is already responsible for liquidity management, managing the interest rate hedge, currency hedging and overlay portfolios.
In his new position, van Mill’s responsibilities will be expanded to include the asset allocation across the various investment categories of APG’s pension fund clients. These include civil service scheme ABP and Bpf Bouw, the scheme for the construction sector.
USS Investment Management (USSIM) – Graham Burnett will be retiring as head of property at the firm on 31 March 2023. USSIM is the principal investment manager and adviser to the Universities Superannuation Scheme (USS), one of the UK’s largest pension schemes, which has a substantial property portfolio in excess of £5bn as of 31 December 2022.
Burnett has worked at USSIM for over 20 years and has successfully led the property team since 2006. He will be succeed by the current deputy head of property, Alex Turner.
Turner joined USS in 2009 and was appointed deputy head of property in 2012. He has had a wide range of responsibilities within the property team, including oversight of the office and alternatives portfolios. More recently, He has taken a leading role in the implementation of the long income property strategy, with transactions exceeding £1bn to date. He has previously worked at Hermes and Royal London Asset Management.
DC Investment Forum (DCIF) – The members of the UK’s DC Investment Forum have elected Baillie Gifford’s Lorna Kennedy as chair and Northern Trust’s Mark Austin as vice chair for 2023, following a vote at the forum’s annual general meeting.
The DCIF’s previous chair, Jon Holguin, has become immediate past chair and will continue to sit on the board for the last year of his term.
Kennedy is a partner at Baillie Gifford. She joined Baillie Gifford in 2000 and is responsible for the firm’s UK defined contribution (DC) strategy. Austin is pensions and insurance executive for Northern Trust’s asset owners business in EMEA and chair of trustees of the Northern Trust UK Pension Plan.
Both Kennedy and Austin are long-standing members of the DCIF and have given their time and expertise to the group over the years, from participating in research steering groups.
Fulcrum Asset Management – Lisa Gordon has joined joins Fulcrum as an independent advisor to its board of directors. She has more than 25 years of board experience incorporating both executive and non-executive roles, and currently sits on several boards including those of the JP Morgan Mid Cap Investment Trust Plc, Cenkos Securities plc (of which she is chair) and the M&C Saatchi Group, among others.
Gordon will provide independent oversight of the company’s management and corporate governance, as well as offering additional guidance and strategic direction to the company’s executive team.
Cambridge Associates – The global investment firm has expanded its executive leadership team with the appointments of Harinder Soin as chief data officer and Adam Lester as head of corporate strategy. Both are the first to hold these positions.
Soin reports to Jason Roberts, chief technology officer and Lester reports to the firm’s CEO, David Druley.
As the chief data officer, Soin is focused on implementing and overseeing the firm’s data strategy, governance, and execution. He joined Cambridge Associates in 2016, bringing with him more than 20 years of experience in leading enterprise data architecture and designing IT applications and client reporting solutions in the investment management industry.
He became the firm’s first Chief Data Officer in 2019, a position that has now been elevated to the executive leadership team. Based in Boston, Soin is also an active member of the firm’s global diversity, equity, and inclusion council.
Lester is the global head of corporate strategy, working out of the firm’s New York office. He will partner closely with the CEO and leadership team to define Cambridge Associates’ strategic direction and execute against major strategic initiatives
This includes driving growth in the firm’s core, adjacent, and new markets, identifying new opportunities for increased efficiencies, prioritising organic and inorganic strategic opportunities, evaluating external partnerships and supporting key firmwide priorities.
He joined Cambridge Associates in November 2022 and brings with him more than a decade of strategic and business development experience across financial services.
Newton Investment Management – The firm has announced the completion of the integration of BNY Mellon Investment Management’s Japan equity team into Newton. This integration is the culmination of BNY Mellon IM’s initiative announced in 2021 to expand Newton’s global equities and multi-asset capabilities and industry-leading global research platform.
Kazuya Kurosawa, head of Japan equity team, will continue to lead the Japan equity strategies as director and head of investment in the newly-established Newton Japan, which consists of 10 staff members, including five investment professionals managing three strategies.
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