GLOBAL – AP Pension, USS, AP3, Allianz, Kames, Aberdeen, BlackRock, Broadstone, Buck Consultants, Gazprombank, ING IM, JLT, SEI
AP Pension – Steen Jørgensen is leaving his position as director and CFO at Denmark's AP Pension at the end of this month. Jørgensen was previously managing director of financial sector pension fund FSP Pension, until it merged with AP Pension last year. Jørgensen said the work surrounding the merger had gone to plan and now reached a more operational phase. He added that it was now time to turn to new activities, saying that he would like to use his skills serving on trustee boards. Jørgensen will continue to work part time for AP Pension over the next few quarters on a consultancy basis, the company said.
Universities Superannuation Scheme – Bill Galvin, currently head of the UK's Pensions Regulator, has been named group chief executive of the £32bn (€39bn) scheme, replacing the retiring Tom Merchant. Galvin will take up the new role in August.
AP3 – Katarina Utterström, CFO and head of business support and control at AP3, is leaving the buffer fund to take up a position as a consultant at Omeo Financial Consulting. Mattias Bylund has been named as chief risk officer and head of business support and control in her place. Bylund, who joined AP3 in 2002, was formerly head of external management. Claudia Stanghellini, who has also worked for AP3 since 2002, and was most recently portfolio manager in the external management department, will replace Bylund as head of external management.
Allianz Global Investors – Arun Ratra has been named head of global solutions, joining from the Gulf Investment Corporation, where he was head of the global market group. He has previously worked as CIO for multi-asset class solutions at Credit Suisse Asset Management and was CIO of Blue Sky Group, fiduciary manager to airline KLM's pension funds. Ratra, who joins in April, replaces Thomas Wiesemann, who has moved to a new role within the German company's life insurance group.
Kames Capital – The asset manager has announced the departure of long-standing chief executive Andrew Fleming, seemingly the result of a decision to split his responsibilities as company head and CIO into two roles. Sarah Russell, head of parent company Aegon Asset Management, has been named acting chief executive until a permanent replacement for Fleming can be found, while current co-head of fixed income Stephen Jones will be promoted to CIO. Jones, who replaces Fleming after eight years, joined the company from Britannic Asset Management 11 years ago, when it was still Aegon Asset Management.
Aberdeen Asset Management – Paul Griffiths, global co-head of fixed income, is to leave the company, with his responsibilities assumed by fellow co-head of fixed income Brad Crombie, promoted to global head of the asset class. Griffiths joined Aberdeen in 2009 when the manager bought out a number of businesses associated with Credit Suisse.
BlackRock – Current EMEA chairman James Charrington is to take on additional responsibility for regulation and governance matters, as former Swiss Re chief investment officer David Blumer joins in the newly created role of head of EMEA. Charrington will continue as chairman of BlackRock's UK entities and as the firm's representative with the Investment Management Association, while Blumer will now chair the EMEA executive committee.
Broadstone – Joining from Alexander Forbes, Hannah Stebbins has been named senior consultant responsible for DC clients. With more than 15 years' experience, Stebbings has also worked at Mercer.
Buck Consultants – Marcus Hurd joins as principal and senior consulting actuary after 11 years at Aon Hewitt. At Aon Consulting, he served as both head of corporate solutions and head of technical for its fiduciary management business.
Gazprombank Asset Management – Aylin Suntay, formerly deputy CIO for equities at Pictet Asset Management, has been appointed had of the Russian bank's asset manager. Suntay has previously worked at First State's London office as head of European equities and an emerging market fund manager at Nicholas Applegate.
ING Investment Management – Alistair Perkins joins from Dexia Management Services as head of project finance, tasked with building and managing the infrastructure project loans of the manager's clients. At Dexia, Perkins was head of restructuring and asset sales. He was previously a director at Dexia Credit Local and worked at NIBC Bank.
JLT Employee Benefits – Jonathan Bloomer has been named non-executive chairman, having most recently worked at Cerberus Capital as a European partner. He is currently a senior independent director at Hargreaves Lansdown and has previously worked at Autonomy and Railtrack.
SEI – Ed Tomlinson has been appointed regional director for SEI's London-based institutional group. Tomlinson previously spent seven years at BNP Paribas, responsible for client relations, and he has also worked for Invesco's Australian business.
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