People Moves: Barings loses multi-asset manager to Threadneedle, Franklin Templeton, Principal Global Investors, Pictet AM, Merrill Lynch WM

Barings’ multi asset team member lines up Threadneedle role, Franklin Templeton boosts multi-asset team, Principal Global Investors eyes Benelux sales, Pictet AM hires from Mercer, Merrill Lynch looks to Italy’s wealthy.

Threadneedle Investments – updated

Four years at Baring Asset Management will come to an end for Toby Nangle, who has been tapped up by Threadneedle to direct its multi-asset product line. Nangle will leave Barings once his notice period is completed, which is unknown. He will not join Threadneedle until January 2012.

The move represents a significant departure for Barings, where Nangle was part of both its multi asset and fixed income teams. Nangle worked for Barings since 1997, working his way up through its fixed income team to occupy various roles including head of global aggregate fixed income. He was part of the firm’s asset allocation group and managed multi-asset portfolios since the year he joined.

Nangle’s replacement will be an experienced portfolio manager, said a Barings spokesperson. The firm is also planning to expand the asset allocation team by recruiting specialists in London and Boston, the spokesperson added.

Responsibility for the firm’s Dynamic Asset Allocation Fund will be carried by Percival Stanion, head of multi-asset at the firm, and Andrew Cole, fund manager. Its Dynamic Emerging Markets Fund will be overseen by Stanion, assisted by Hartwig Kos, the firm said.

Upon moving to Threadneedle, Nangle will work with the firm’s existing asset allocation team and focus on new and existing product design. He will work alongside head of managed funds at the firm Alex Lyle.

Franklin Templeton Investments

The US manager has announced a wave of hires in an effort to boost its global tactical asset allocation group, with Samer Habl recruited as managing director.

Habl left a similar position at Mellon Capital Management Corp, where he oversaw strategy for global tactical asset allocation and foreign exchange overlay.

Todd Saunders meanwhile became senior portfolio strategist for the multi-asset team. He is responsible for operational management of its strategies.

Saunders moves from San Francisco based global macro hedge fund Bayswater Asset Management.

Supporting development of the global tactical asset allocation team’s strategy are Victoria Quach, Billy Tran, and Cindy Wu, all hired as quantitative research analysts.

Quach moves from Camden Asset Management where she was an analyst, Tran from Pacific Life Insurance where he was a risk analyst intern. Wu was an internal promotion, hired by Franklin Templeton as a futures associate last year upon graduating.

Alexander Hug was also promoted internally, as a portfolio strategy analyst responsible for global macro research.

Within Franklin Templeton’s associate program, Hug conducted research for Templeton’s global equity group, and gave support to Franklin Templeton institutional division in consultant relations and client services.

 

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