Who's Moving Where In Wealth Management? - Cerberus Capital Management, SSGA, Others

Editorial Staff

27 March 2018

Cerberus Capital Management
New York-headquartered Cerberus Capital Management, an investment manager focused on alternatives, has appointed Roberto Nicastro as a senior advisor.

In this role, Nicastro will consult with Cerberus as it continues its focus on investment opportunities and strategic partnerships in the European financial services sector.

Previously, Mr. Nicastro was group general manager of Unicredit, where he led the Central and Eastern European, Austrian operations, and retail businesses.

Clifford Chance
International law firm Clifford Chance has appointed Charles Adams as new regional managing partner for continental Europe, succeeding Yves Wehrli.

Adams’ four year term will begin 1 April. He was the office managing partner for Clifford Chance's Italian practice, with offices in Milan and Rome, and was a continental European partner representative on the firm's former management committee from 2013 until 2014.

He returned to Milan in January, having spent over two years based in the firm's New York office, to help with the growth of its Americas practice.

In his new role, Adams will remain co-head of the firm's Italian finance and capital markets group, and continue to be actively involved in client-facing work from Milan.

Wehrli, who had completed the maximum number of terms he could serve representing the region, will continue in his current position as office managing partner for the firm's Paris office.

State Street Global Advisors
State Street Global Advisors has appointed Kathleen Gallagher as head of exchange-traded funds model portfolios for Europe, Middle East and Africa, and Asia-Pacific.

Reporting to Rory Tobin, global head of SPDR ETFs and based in London, Gallagher will be responsible for overseeing State Street Global Advisors’ multi-asset class investment operation.

Prior to joining SSGA, Gallagher spent five years consulting at various financial firms with a focus on multi asset class investments including BlackRock and Barclays Global Investors.

Standard Life Investments
Standard Life Investments fund manager Jonathan Gibbs has left the firm after 16 years, WealthBriefing understands.

Gibbs had managed the Absolute Return Government Bond fund alongside Shayne Dunlap before its closure.

He started his career in 1998 as a dealer for the Bank of England, before becoming an investment at the Kuwait Investment Office in 1992. He moved to Henderson in 1994 and spent eight years there as a portfolio manager before moving to Standard Life in 2002.

Nordea
Nordea, the Nordic and Baltic banking group, has appointed Paul Bari as group chief information officer and head of group technology.

He will report to Torsten Hagen Jørgensen, deputy chief executive and head of group corporate centre. The move will also see Bari join the group COO executive management team.

Bari joined the group last February from Standard Chartered, where he served as global head of technology delivery. Earlier in his career, he spent stints with Barclays Capital and Commonwealth Bank of Australia.

Chartered Institute for Securities & Investment
Chartered Institute for Securities & Investment has appointed Michael Cole-Fontayn as the new CISI chairman.

Cole-Fontayn will formally become CISI chairman from October 2018 when current chairman, Sir Alan Yarrow, Chartered FCSI retires after completing nine years.

After a 35 year career in financial services at BNY Mellon, Cole-Fontayn is chairman of the Association of Financial Markets in Europe , which he will continue alongside his new role at the CISI. He is also founding director and advisory council member of the Financial Markets Standards Board , trustee of the Charlie Waller Memorial Trust and founding chairman of global programme the 30% Club.