People Moves: Daiwa Europe, Russell Investments, Schroders, Evolution Securities
Daiwa creates sole chief executive role for Europe subsidiary in management shake up, Brennan returns to Russell as MENA head, Schroders hires Frankfurt COO, UK boutique investment bank hires prop specialist from SLI.
Daiwa Capital Markets Europe
Japanese brokerage firm Daiwa Securities Group has appointed the first sole chief executive for the European arm of its investment banking division, in a series of changes to its senior management roles.
Internal candidate Keith Meekins, the firm’s head of fixed income and a member of the executive committee took up the post on 5 July. He is the first non Japanese head for the business. He has worked in different roles for both Daiwa and Nomura over his 30 year career. He has also worked for Commerzbank.
In addition to overseeing Europe, Meekins is responsible for the Middle East. He reports to predecessor Masami Tada, previously both CEO and Chairman of Daiwa Europe, who is now exclusively Chairman.
Taking over Meekins’ previous role is deputy head of the firm’s fixed income division Christopher Brown. He has worked for Daiwa for 10 years, in London and Singapore where he latterly developed its Asian fixed income product lines.
Returning to the investment advisor after an earlier 20 year stint with the firm, Russell Investments has succeeded in rehiring Len Brennan as its CEO for its business in Europe, the Middle East and Africa (EMEA).
The Canadian begins his role at Russell on 11 July, subject to regulatory approval. He leaves Rainier Investment Management after six years with the firm, where he was president and CEO.
Brennan replaces Johan Cras, who has been in charge of Russell’s EMEA business since 2008. He will move closer to his home in the Netherlands, where his family are based. Cras will act as a consultant to Russell for its northern European business.
Incoming chief executive Brennan previously headed up Russell’s individual investor services division, responsible for third-party funds distribution and individual investor services in the US, Europe, Asia, the Middle East, South Africa, Canada and Australia. He also managed the firm’s Toronto and London offices. He launched the firm’s first multi-manager investment funds outside the US.
Pascal Duval meanwhile became president of EMEA. Overseeing southern Europe and the Middle East, he will work with Brennan on strategic direction of the EMEA business.
A number of other senior appointments are expected to be announced in the near future for Russell’s EMEA business, a statement from the firm said.