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

haysmacintyre
Chartered accountants, haysmacintyre, an owner-managed business, has appointed Majid Hussain as a partner and its new head of private client, taking effect on 15 July.

Hussain was previously a partner Evelyn Partners. A qualified tax advisor and barrister, he brings experience across all areas of private client tax, the firm said in a statement. Hussain, who has worked at BDO, Deloitte and KPMG, has particular expertise in advising international families with complex overseas structures. Former clients include private equity executives, professional sportspeople, leading entrepreneurs, and family offices.

Hussain takes over from Katharine Arthur, who led the department for 11 years, and co-head of private client, Andrew Broome. Arthur and Broome, who will remain prominent partners in the private client team, will work closely with Hussain as he leads the team to develop and expand haysmacintyre’s private client service lines.

The firm said that Hussain’s appointment continues a strong period of growth for haysmacintyre, which has appointed and promoted seven new partners over the last 18 months.

“New leadership helps to inject fresh thinking and energy, supporting our aim to continuously improve and evolve haysmacintyre’s offering across all service lines and sectors,” Natasha Frangos, Managing Partner at haysmacintyre, said. “Majid brings with him hugely valuable experience and I am confident he will help the private client team continue to build on its excellent track record.”

GAM
GAM has appointed Randel (Randy) Freeman as co-head/co-CIO of GAM Alternatives with immediate effect.

Freeman (pictured) will work with co-head Albert Saporta to build out GAM's alternative investment capabilities in a new specialist alternative investments unit: GAM Alternatives (GAMAlts), the firm said in a statement.

The firm is building out GAM Alternatives, a new alternative investments platform, to meet growing investor demand, differentiate its offerings, and draw on its active management strengths and expertise.

"As demand for active portfolio diversification and alpha generation grows, we are excited that Randy Freeman joins us as co-head of our Alternative Investments capabilities, reigniting our founding DNA in alternative investing and complementing our already strong set of high conviction equity, specialist fixed income and multi-asset investment solutions," Elmar Zumbuehl, CEO of GAM, said.

Freeman has more than 30 years of experience in the global hedge fund investment management industry. He has managed a range of alternative investment funds and managed accounts during his career. His career includes being a member of the investment committee of SSVL Monaco, CIO of the Fortress Centaurus Global Fund, co-head of the risk arbitrage division at Banque Paribas in London, and an associate at Goldman Sachs in New York. Freeman is a CFA Charterholder and has an MBA from the University of Chicago, a CFA UK Level 4 Certificate in ESG investing, a Chartered Alternative Investment Analyst (CAIA) and has Certificate in Advanced Responsible Investment Analysis from PRI Academy. He has American, British, and Swiss nationalities.

M&G
M&G announced yesterday that Eva Sun-Wai and Rob Burrows will become co-lead managers for its Global Macro bond strategy. 

The changes, which take effect from 1 August, are part of a succession plan following the incumbent co-manager saying that he wished to leave to pursue interests in the academic world.

Eva Sun-Wai, who joined the firm in 2018, has been co-manager of the strategy since January 2021; she is also the lead manager of the Global Government Bond strategy. Rob Burrows is a fund manager specialising in government bond and macro fixed income mandates and joined M&G in 2007.

M&G Investments also announced that Andrew Chorlton has been named as chief investment officer of its fixed income division. 

He will succeed Jim Leaviss.

Currently head of fixed income at Schroders and member of the firm’s group management committee, Chorlton will join the business later this year and will report to Joseph Pinto, CEO of M&G Investments. Chorlton has more than 25 years of experience in fixed income markets.

Allfunds
Allfunds, a B2B WealthTech platform for the funds industry, has made two senior appointments: Paola Rengifo, head of global operations and Miguel Ángel Treceño, chief data officer – a newly-created role, focusing on digital transformation and the firm’s data-driven culture.

Rengifo will be based in Madrid reporting to chief operating officer Antonio Varela. She will focus on implementing an efficient global operational structure, working towards synergies, innovation, and automation, all aimed at business process re-engineering in close partnership with technology, the firm said in a statement.

During her three-decade career, Renfigo has accumulated international responsibility in the financial services sector through roles involving analysis and implementing corporate strategies with a focus on platforms, products, and resources. Her senior roles have included a stint at JP Morgan Chase & Co, she has served as an Advisory Council member of business Technology and Innovation of the Santalucía SA Group, and is an associate board member at the Consejo de Innovación y Buen Gobierno (CIBG) in Spain.

Based in Madrid, Treceño also reports to Varela. He is an experienced leader and executive, who has worked for more than 20 years in international financial services and wealth management firms. He has contributed to shaping their technology, operations and finance capabilities in line with evolving business strategies. Having begun his career at Credit Suisse, Treceño has also worked in senior roles at other global banks including Santander, JP Morgan Chase & Co, and Citibank.

“I am delighted to welcome Paola and Miguel to our team, their appointments are testament to our focus on bringing market-leading talent into our business, to drive internal collaboration and pursue further synergies that ultimately deliver an optimal service for our clients,” Varela said.