Weekly People Moves Roundup

Two big changes for Aviva Investors, LaSalle names a new CIO, and more.


Aviva Appoints Maurice Tulloch as Chief Executive Officer

Aviva plc announced Maurice Tulloch as chief executive officer. Sir Adrian Montague, chairman of Aviva, who has been acting in an executive capacity pending the appointment of a CEO, will revert to his role as non-executive chairman.

Tulloch joined Aviva in 1992 and was appointed to the board of Aviva plc in June 2017. He is currently Aviva’s CEO, international insurance, and has responsibility for Aviva’s life insurance and general insurance operations in France, Canada, Ireland, Italy, Poland, Turkey, and India. He was previously CEO of Aviva UK and Ireland General Insurance.

“We must focus on the fundamentals of insurance and giving our customers the best possible experience—being there when they need us, protecting what’s important to them, and helping them save for the future,” Tulloch said. “With the care and professionalism of our dedicated people, I know Aviva will thrive.”

Aviva Investors Appoints Head of UK Consultant Relations

Aviva Investors has appointed Stephen Castle as Head of UK Consultant Relations.

Based in London, Castle will be responsible for managing and developing Aviva Investors’ network of consultant relationships across the UK Institutional market. He will report to Roger Price-Haworth, head of UK institutional and global consultants.
Castle has 18 years’ experience in client relations, most recently with Pictet Asset Management, where he spent the last five years as a senior business development manager. Prior to this, Castle worked as a client relationship manager at Legal & General Investment Management for nearly nine years, and four years at The Bank of New York as a client account manager. 

“Stephen brings a great deal of experience and knowledge to the role,” Price-Haworth said. “His understanding of institutional clients’ needs will be of significant value and we are delighted to welcome him to the team.”

LaSalle Announces CEO Succession for its European Business

LaSalle Investment Management announced that following a successful 12-year period as CEO for Europe, Simon Marrison will transition to assume a chairman role for the business.

Karen Brennan, head of Americas custom accounts for LaSalle, has been appointed to succeed Marrison as the firm’s CEO for Europe, effective June 30, 2019. Marrison will remain in the chairman advisory role and work closely with Brennan to ensure a seamless leadership transition.

In addition to serving on LaSalle’s global management committee, Marrison has sat on all European investment committees and chaired the European management board. Marrison joined LaSalle in 2001, and has operated six funds in the region, launched the continental European separate accounts business as well as the debt and special situations business that now has a flagship fund series, and grown the firm’s pan-European Encore+ fund to a GAV of more than $2 billion.

Brennan will have overall responsibility for LaSalle’s $22 billion pan-European private equity real estate business and will join LaSalle’s nine-person global management committee. She will be based in London and will also oversee the firm’s teams in the UK, Paris, Munich and Luxembourg, and travel regularly to the markets in which LaSalle operates and invests.

Brennan joined LaSalle in 1999 and has successfully held a variety of leadership, investment, asset, and portfolio management roles across the organization. More recently, she has led LaSalle’s Americas Custom Accounts group.

KKR Appoints Head of Strategy and Business Development in Asia Pacific

Leading global investment firm KKR today announced the appointment of Kate Richdale as member and head of strategy and business development in Asia Pacific. Richdale will work with KKR’s senior leadership team in Asia. She will also work with KKR’s Asia investing businesses.

Richdale’s appointment builds on KKR’s significant investment in its Asia franchise. Over the past year, KKR has hired two additional Members, John Pattar and David Luboff, to head KKR’s real estate and infrastructure investing platforms, respectively. In addition, Brian Dillard relocated from KKR’s New York office to Hong Kong to lead the firm’s credit business.

Richdale joins KKR from Goldman Sachs in Hong Kong, where she was chairman of investment banking in Asia ex-Japan. Prior to that, she was the co-head of the firm’s investment banking division in Asia Ex-Japan. While at Goldman Sachs, she helped the firm achieve the No. 1 ranking in Asia across equity and in merger and acquisitions for 2018. She was previously the head of investment banking for Asia Pacific at Morgan Stanley.

Ortec Finance Appoints Godert Burghard as CCO 

Godert Burghard has been named CCO of Ortec Finance. With this new position, Ortec Finance underlines its international ambitions. Burghard has extensive international experience in portfolio management and sales at BT Global Services and Irdeto, among others. Godert will focus on global expansion and join the executive team that manages Ortec Finance.

“I’ve always had a passion for making customers more successful, so I look forward to contributing to our customers’ growth and Ortec Finance’s further expansion,” said Burghard.

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