The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.

ALFI 
The Association of the Luxembourg Fund Industry has appointed Britta Borneff as its new director of events, communications and business development.

Borneff has 27 years of experience in the investment fund industry. Her professional career in Luxembourg started in 1996 with Schroders where she worked in marketing and client relationship roles for 11 years, the organisation said in a statement. 

From 2007 to 2021, she was head of sales and marketing and a member of the executive committee at Waystone Management Company, a Luxembourg UCITS management company and AIFM. 

Before joining ALFI, she was managing director at Fuchs Asset Management. A native German speaker, Borneff is also fluent in English, French and Dutch.

With this appointment, the ALFI management team is now composed of Camille Thommes, director general; Marc-André Bechet, deputy director general; Emmanuel Gutton, director of legal and tax; Miriam Henke, secretary general; and Britta Borneff, the firm said.

Aaro Capital
Aaro Capital, a firm specialising in digital assets and distributed ledger technology such as blockchain, has appointed Liz Adnitt to join its London-based team as a sales director.

Adnitt brings more than 20 years of experience in senior sales and management roles in the asset management industry. Before Aaro Capital, Adnitt was head of UK wholesale distribution at Sanlam Investments for seven years. Prior to that, she worked in senior sales positions at Nordea Asset Management, LGIM and SVM Asset Management. Adnitt started her career as an analyst at JP Morgan Asset Management. 

Aaro Capital, which was established in 2018, has a team of senior figures including head of investment research Peter Rigg (former global head of HSBC Alternative Investment Group), head of operational due diligence Olga Romanova (former head of operational due diligence at International Asset Management), and chairman Stuart MacDonald (former managing partner at Bride Valley Partners).

Pratura Ventures
Praetura Ventures, a firm that this news service interviewed in June last year, has added three partners.

The new partners are Lee Forster, Colin Greene and Andy Barrow, the Manchester-based venture capital group said yesterday. 

Forster, a former Team GB swimmer-turned-health entrepreneur, is the chairman and exited founder of bespoke supplement subscription brand Neat Nutrition, a business launched in 2015. Prior to starting Neat, Forster also launched his own healthcare strategy consulting company within KnowledgePoint360 Group. This was ahead of the company being sold to UDG and Forster joining the product development giant Science Group as the company’s Group SVP and head of commercial strategy.

At Praetura, Forster will oversee all health and life sciences investments. He will also work closely with the GMC Life Sciences Fund by Praetura, a £20 million life sciences focused fund launched in 2022 in partnership with Greater Manchester Combined Authority, Cheshire and Warrington LEP and Bruntwood SciTech.

Greene spent 12 years at Apple in various senior country leader roles in Asia and the US before joining Praetura in 2021. He will oversee Praetura’s growth platform which supports the Praetura portfolio, including assigning operational partners to help founders in areas ranging from culture and hiring to expanding internationally.

Barrow initially joined the business as an operational partner in 2022. He previously spent over 15 years as chief technology officer of cloud computing giant ANS until its sale to Inflexion. 

In addition, Praetura has promoted Sim Singh-Landa to investment director and Tom Hardman to portfolio director.