Värde Partners Names New Partners, Additional Deputy CIO
Värde Partners announced the appointment of Elena Lieskovska and Haseeb Malik to partner, and the promotion of Brad Bauer to deputy chief investment officer.
Based in London, Elena is head of European Financial Services, responsible for Värde’s private equity investments in specialty finance companies and related businesses in Europe. She joined the firm in 2008 and over the past decade has helped establish it as a leader in the consumer finance space, building large credit platforms.
Haseeb is head of Asia Corporate and Traded Credit. Based in Singapore since the office opened in 2008, he joined the firm in 2006 and helped build the firm’s presence in large corporate restructurings in the region. Most recently, he led the establishment of Värde’s local presence in India, a key market for the firm.
Based in Minneapolis since joining Värde in 2007, Brad will relocate to London in the coming months. In addition to his new role as deputy CIO, Brad is a partner and global head of private debt, transportation and energy.
Brad joins Värde’s global CIO team, comprising Ilfryn Carstairs and Jeremy Hedberg, partners and co-CIOs, and Giuseppe Naglieri, partner, deputy CIO and global co-head of corporate and traded credit. With Brad’s move to London, Värde will have a CIO presence in each region, with Ilfryn in Singapore and Jeremy and Giuseppe in Minneapolis.
BMO Announces Appointment of Kristi Mitchem as CEO, BMO Global Asset Management
BMO Financial Group announced that Kristi Mitchem has been appointed CEO of BMO Global Asset Management (BMO GAM). She will report to Joanna Rotenberg, group head, BMO Wealth Management. Richard Wilson, CEO of BMO GAM since 2014, has chosen to retire. Mitchem’s appointment is effective March 18, 2019.
Mitchem has an impressive history of leading global teams across all major asset classes through collaborative partnerships with retail and institutional investors, and clients. She joins BMO from Wells Fargo, where she was CEO and head of Wells Fargo Asset Management. Mitchem also brings experience from State Street Corp., BlackRock, and Goldman Sachs.
The changes will position the wealth business for continued global growth and enable BMO to build on its strategic advantages. BMO also recently announced the creation of BMO Private Wealth Canada and Asia, another example of how BMO is unifying to provide best-in-class service to clients.
AMP Capital Creates Team to Facilitate Infrastructure Equity Co-Investments for Institutions
AMP Capital has established a dedicated global direct investments team in response to a growing preference for large institutional investors to gain access to infrastructure through direct equity investment.
The new function will oversee direct investments made alongside AMP Capital’s infrastructure equity funds, including consortium management, negotiation and pricing, deal syndications, fund co-investments, and separate accounts, focusing on delivering attractive investment solutions and supporting investors to achieve their goals.
AMP Capital has appointed Dylan Foo as global head of direct investments, to oversee the new global function as it grows this strategic pillar of its business. Foo is currently partner and head of Infrastructure Equity, Americas, overseeing origination, execution and asset management of infrastructure investments in the region. He will continue in his existing role, supported by the Americas team across offices in New York, Chicago, and Orange County, California, in addition to his new responsibilities.
Patsy Sandys, an associate director on the Infrastructure Equity team in London, will lead the Direct Investments desk in Europe, reporting to Foo.
Northern LGPS Appoints New Chair
Northern LGPS, formerly the Northern Pool, has appointed Councillor Paul Doughty as its new chair.Doughty will lead the £45 billion pool, one of Britain’s largest public investment funds, which comprises the combined assets of the Greater Manchester, West Yorkshire, and Merseyside local government pension schemes (LGPS).
He currently chairs both the Merseyside Pension Fund and the Local Authority Pension Fund Forum, which represents 79 local government pension funds with assets of over £200 billion.
Doughty begins his new role immediately and will be supported by Brenda Warrington, who chairs the Greater Manchester Pension fund, and West Yorkshire Pension Fund Chair Andrew Thornton.
He replaces Ian Greenwood, the former chair of the West Yorkshire Pension Fund, who died after a short illness in November.
Jupiter Fund Management’s Maarten Slendebroek Stepping Down as CEO
Jupiter Fund Management announced that Maarten Slendebroek is stepping down as CEO. The Board intends to appoint Andrew Formica as CEO and as a director of Jupiter with effect from that time, subject to customary regulatory approvals.
Maarten has agreed to remain in the business until May 1 to ensure a smooth leadership transition and handover.
Formica previously was the co-CEO of Janus Henderson Group plc and before that, CEO of Henderson Group plc between 2008 and the merger with Janus Capital in 2017. He was at Henderson from 1998 and held various senior roles, joining the company’s executive committee in 2004. Prior to being appointed chief executive, he served as joint managing director of the Listed Assets business (from September 2006) and as head of equities (from September 2004). In the early part of his career, he was an equity manager and analyst for Henderson. Formica was the deputy chairman of the board of The Investment Association until September 2018 and has served as a non-executive director of Hammerson plc since November 2015.
Dash Names Scott Patrick Chief Financial Officer
Dash Financial Technologies, the industry’s leading capital markets technology and execution provider, announced the addition of Scott Patrick as chief financial officer. Reporting directly to CEO Peter Maragos, Patrick will be responsible for leading financial operations and strategic planning for the firm.
Patrick brings 25 years of experience in financial services and financial technology from his previous roles as an investment banker, an equity research analyst, and a strategic communications advisor. He joins Dash from Brunswick Group, where he served as a partner, specializing in M&A transactions, IPOs and investor relations matters. Prior to Brunswick, Patrick was a managing director in the Financial Technology Group at investment bank GCA Advisors, and before that he spent over 10 years at Evercore Partners, most recently serving as head of Payments Investment Banking. He began his career at Morgan Stanley, where he worked for over 12 years, including in roles in M&A and as the firm’s lead equity research analyst covering the financial technology industry.