People Moves: EIOPA, Northern Trust, Newton, Edmund de Rothschild, Tobam, Schroders
European pensions and insurance regulator industry groups elect leaders, Northern Trust targets wealthy across EMEA, Newton promotes for European income fund, multi-asset manager moves to Edmund de Rothschild, Tobam to sell into French-speaking regions, Schroders recruits from UBS for global fixed income.
Four industry representatives have been elected to inform and influence the work of recently created pan-European regulator pensions and insurance regulator, the European Insurance and Occupational Pensions Authority (EIOPA).
The four will head up two separate industry groups set to meet at least four times a year, consisting of 30 members from firms, consumer groups, trade bodies and academia.
Tasked with helping to develop regulation and implement technical standards, and to compile guidelines and recommendations for the industry, Germany’s Michaela Koller and the UK’s Kay Blair will lead the insurance and reinsurance stakeholder groups. Belgium’s Chris Verhaegen and Benne van Popta from the Netherlands will meanwhile lead on occupational pensions.
Chair of the insurance and reinsurance stakeholder group Koller is director general of European insurance and reinsurance federation CEA. The trade body represents national insurance associations of the 27 EU member states, six non-EU countries, and has two observer members.
Vice chair Blair, who started her professional life as a business journalist, is vice-chair of UK financial watchdog the FSA’s consumer panel.
Another former journalist Verhaegen takes up the helm for the occupational pensions stakeholder group. She has been secretary-general of the European Federation for Retirement Provision in Brussels since 1997, opening up its permanent office there.
Vice chair van Popta is a member of the board of the recently created Pension Federation in the Netherlands, and acts as employers’ chair of the Dutch Association of Industry-wide Pension Funds. He has a background in public policy economics at senior level within the Netherlands.
Eyeing up more wealthy clients across Europe, the Middle East and Africa, Northern Trust has made four senior appointments with two of those in London and two in Guernsey.
Based in London, in her role as a wealth strategist Kripa Sethuraman will concentrate on the growth of family office services in Europe. She moves from a managing partner position at Family Office Exchange (FOX) in London, a network for information sharing between those in the family office business. There, she worked with single family offices and advisers across Europe and Asia Pacific.
Moving on from his previous position as vice president of project management at Northern Trust is William McGilivray, also appointed as a wealth strategist in London. McGilivray will concentrate on clients in the Middle East.
In Guernsey, Simon Lawson becomes senior account manager and will lead client services. He previously worked in a similar remit at J.P. Morgan and Morgan Stanley.
Dutch Miller, formerly based in Northern Trust’s Delaware office, becomes senior relationship manager also in Guernsey. His new role will be similar to his previous one, giving guidance to high net worth clients on trust design and administration services.