People Moves : T Rowe Price; Merrill Lynch Wealth Management, Finisterre Capital, Bank Sarasin & Co; Finisterre Capital; MAM Funds; Adrian Lee & Partners
Todd Ruppert, president of International Investment Services at T. Rowe Price International Ltd, is one of five new Corporate Member Representatives at EFAMA, the European Fund and Asset Management Association. Ruppert, who joined T. Rowe Price in 1985, leads the firm’s institutional business globally and intermediary business outside of the United States.
Merrill Lynch Wealth Management announces the appointments of Concetta Caruso as Chief Operating Officer of Merrill Lynch Bank (Suisse) (MLB(S)), Sophie Chapuisat as Global Head of Intermediary Business and Christopher Robinson as Head of Legal for MLB(S). All three will be based in Geneva. Caruso has 23 years experience in the private banking and asset management industry and joins from Capital Group. Chapuisat will be responsible for heading the sales activities of the MLB(S) services and platform to financial advisors around the world and further improving client experience. She was previously at Banque Heritage (Suisse) and Barclays Bank (Suisse). Merrill Lynch Bank (Suisse) was acquired in 1984 and is an indirect wholly owned subsidiary of Merrill Lynch & Co. It provides banking solutions to high and ultra high net worth individuals.
Merrill Lynch Wealth Management has also confirmed Ahmed Barakat as United Arab Emirates (UAE) Market Manager. Barakat will be based in Dubai, reporting to Tamer Rashad, Head of Middle East, Merrill Lynch Wealth Management. He joins from Credit Suisse Abu Dhabi, where he was director of Private Banking and head of Abu Dhabi Representative Office. Previously, heworked for Citibank N.A. in Egypt as Investment Product Head and was in charge of launching and managing its investment business in Egypt.
Finisterre Capital, the long/short emerging market total return specialist, has appointed Ivailo Vesselinov as an Economist. He will report to Christopher Watson, Head of Research at Finisterre Capital. Vesselinov was previously at Credit Suisse in London, and Dresdner Kleinwort.
Peter Casanova has become head of Equity Research at Bank Sarasin & Co. Ltd in July 2011. He succeeds Rainer Maennle, who took over as head of the equity team in Asset Management. Casanova will occupy a key position in the successful research team led by Jan A. Poser, Head of Research and Chief Economist.
MAM Funds plc has promoted Mark Wright to deputy manager of the CF Midas Balanced Growth Fund, following the recent promotion of Simon Callow to lead manager of the CF Midas Balanced Growth Fund. Wright joined Midas Capital Partners Ltd in September 2006
Lee Overlay Partners Ltd, independent global specialists in active currency management, with over $8.5bn in assets under management, has a new name, logo and website, to update its image and support ongoing global expansion. The firms said the new brand identity as Adrian Lee & Partners’ reflects a commitment to active currency management for institutional investors and reinforces the company’s position as original architects within this field. The new website is at www.aleepartners.com. Adrian Lee, president and CIO said there has been no changes to the people, process or products at the firm.