Marco Lessacher appointed CEO at Alphabet International
Alphabet International has appointed Marco Lessacher as chief executive officer, effective July 1. Lessacher succeedsNobert van den Eijnden, who was at the helm since 2009. Previously, Lessacher held various roles at BMW Financial Services and Alphabet Germany. Prior to this appointment, he was the head of international corporate, direct and special sales as the BMW Group.
Commenting upon his new role, Lessacher stated: "I'm really looking forward to this new challenge. With a strong team and a clear vision, we will set the course for a successful future."
Bas NieuweWeme appointed CEO of Aegon Asset Management
Netherlands-headquartered asset management company Aegon appointed Bas NieuweWeme as chief executive officer, effective from June 24. Prior to joining Aegon, NieuweWeme worked with Prudential Financial’s asset management business PGIM, where he served as the managing director and global head of the institutional relationship group.
Wynaendts stated in a press release: "We are very grateful for the passion and commitment Sarah has brought to Aegon. Sarah has been creating and building a successful global asset management business over the past nine years, which is now ready for the next stage of development. Bas' appointment signals Aegon's continuing commitment to build a growing and sustainably profitable business. Bas will bring a fresh perspective gained from having worked with leading global asset management firms, in the world's largest markets".
Bank of Ireland appoints Ian McLaughlin UK CEO
Bank of Ireland has recruited Ian McLaughin as chief executive, the company announced on May 30. McLaughin’s appointment is subject to regulatory approval. Present CEO Des Crowley will retain his position until McLaughin assumes this role to ensure a smooth handover. McLaughin brings extensive expertise in retail banking, having worked across mortgage, wealth management and insurance. Prior to this, he worked with Royal Bank of Scotland since 2012 as managing director, home buying and ownership and managing director specialist banking.
Speaking of the appointment, Bank of Ireland’s Group chief executive Francesca McDonagh said: “I am delighted to welcome Ian McLaughlin as chief executive, Bank of Ireland UK. Ian brings significant experience in UK banking having served in a number of senior financial services roles. Ian has a deep knowledge of the competitive UK banking market with a particular understanding of the UK mortgage market and joins at an exciting time for the organisation, as we continue to transform our culture, our systems, and our business model.”
Aviva CFO steps down ahead of rumoured reorganisation
London-based insurance company Aviva’s new CEO Maurice Tulloch announced a restructure on June 5. CFO Tom Stoddard stood down on June 30, and will stay with the company until December to ensure a smooth handover. UK CFO Jason Windsor will succeed Stoddard on an interim basis, subject to regulatory approval. Tulloch has reorganised the management team and moved business leaders onto the senior leadership team.
Stoddard said in a press release: “Whilst I will miss all the friends I have made here, Aviva has a strong finance team, and it is now time for me to clear the way for others to step up, as I consider new opportunities. Aviva is in a strong financial position with a bright future ahead of it. I have thoroughly enjoyed working with Maurice and I wish him, Jason, and everyone who works for Aviva all the best for the future.”
Royal London names Standard Life veteran O'Dwyer as CEO
UK-based insurer Royal London has welcomed Barry O’Dwyer as its new chief executive, the company announced on June 19. O’Dwyer will succeed Phil Loney who is to step down on 28 June 2019 but will remain to ensure efficient transition. O’Dwyer began his career at Standard Life in 1988 and has held several senior positions during 19 years of his experience. He has also worked at HBOS and Prudential.
Commenting on his appointment, O'Dwyer said to Wealth Manager: “Royal London has capitalised on some of the big trends in our market through a winning combination of great service to intermediaries and excellent value for customers and members. I hope to build on these cornerstones of success and ensure that Royal London uses its mutual status to deliver great service and value.”
Kavita Mahtani named CFO of HSBC North America Holdings
British multinational banking and financial services holding company HSBC appointed Kavita Mahtani as the chief financial officer for HSBC North America Holdings, effective October 1. Mahtani will be based in New York, and report to HSBC USA President and CEO Patrick Burke. In addition, Mahtani will join US Executive Committee. She has over 25 years of financial services expertise alongside a broad strategic knowledge of banking. Previously, she worked with Citigroup as the head of asset and liability management for Citi Corporate Treasury.
Speaking of the appointment, Burke said in a press release: “We are focused on improving returns of HSBC’s U.S. operations through client-centric revenue growth and cost-control and reinvestment, and as our strategy gains momentum, we need a strong financial leader. Kavita’s depth of experience will help us achieve our financial objectives as we continue to strengthen client relationships and derive greater value from HSBC’s global network and universal banking model.”
Barclays appoints Daniel Zimbaldi as managing director in Financial Institutions Group (FIG) M&A
London-headquartered Barclays brought on board Daniel Zimbaldi as the managing director in Financial Institutions Group (FIG) M&A, effective from September 2019. Zimbaldi brings about 15 years of banking expertise, having worked with Evercore in the Depositories and Speciality Finance Group as the managing director most recently.
Speaking of the appointment, Larry Hamdan, head of M&A Americas said to Business Wire: “Dan has an exceptional record of performance in the financial institutions sector, and brings to Barclays a deep roster of key relationships and extensive M&A experience. His appointment is further evidence of our commitment to operating a top-tier FIG M&A franchise.”