People moves around the industry
In the IE11 issue of the magazine, we reported that ING Investment Management Germany had hired Thomas Wendt for its institutional sales team in Frankfurt.
We stated that Wendt had replaced Michael Schrinner, which is not the case.
Schrinner and Wendt are colleagues on the institutional sales team. IE would like to apologise for the mistake.
Mercer bolsters wealth management with new appointment
Mercer has appointed Beverley Sharp as global head of retail research in its wealth management business.
She will take the lead on developing the company’s retail manager research offering, working with the wealth management and manager research teams to deliver solutions to wealth management clients.
Sharp joined Mercer in June 2010 as a member of the manager research team focusing on equity research.
She has since developed research on strategies specifically applicable to wealth management and worked with a number of clients to develop their advisory and discretionary offerings.
Prior to joining Mercer, she worked for BDO Investment Management where she was a fund analyst.
Her duties included researching equity and fixed income products, as well as recommending strategies for inclusion in fund of fund products.
As a member of BDO’s investment committee, she was involved in decisions on portfolio positioning.
UK Structured Products Association elects ex-Lloyds’ head as new chairman
Jamie Smith, head of distribution at the Lloyds Banking Group, has been elected chairman of the UK Structured Products Association. He will be chairman until the end of 2012.
Smith thanked his predecessors, Zak de Mariveles and James Harrington for having made the association the one voice of the UK structured products industry.
He said: “More should be done to educate intermediaries and investors, and the association will seek to drive this education leading up to the implementation of the Retail Distribution Review.
“This involves working closely with the European Structured Products Association and the Swiss Structured Products Association to ensure that there is interaction and consistency across Europe.”
UBS appoints head of Italy division
Fabio Innocenzi has been appointed chief executive of UBS’ Italian private banking division.
He succeeds Ferruccio Ferri, who has been promoted to another senior role within the bank.
Innocenzi joins from Intesa Sanpaolo, where from 2009 he was responsible for the group’s North-East Italy division and head of Cassa di Risparmio del Veneto.
Prior to Intesa Sanpaolo, he was chief executive at Banco Popolare, the result of a merger between Banco Popolare di Verona e Novara and Banca Popolare d’Italia.
The group has more than 2,000 branches, mainly throughout Northern Italy. He subsequently served on the bank’s management board.
Innocenzi has also served on the boards of Banca Aletti (a Milan-based private bank), Dexia SA, Credito Bergamasco and Banca per il Leasing Italease. He also has experience of heading UniCredit’s asset management subsidiary, Pioneer Investments.