Top 10 Executive Moves in Wealth and Asset Management - March 2024

Here is a recap of the top 10 executive moves for March, based on the popularity of readership among our users on the TALNT platform. These strategic changes highlight significant trends and directions within the wealth and asset management industry:

1. GCM Grosvenor Expands Credit Team
Brandon Cahill
and Scott Ingles have joined GCM Grosvenor's credit team, enhancing the firm’s capabilities in credit investment strategies. Cahill, previously Co-Head of BlueMountain Capital Management’s global CLO business,
brings extensive experience in structured credit, while Ingles contributes a decade of credit management expertise from his roles at The Carlyle Group and
PointState Capital.

2. Julius Baer Strengthens India Team
Julius Baer has appointed Abhishek Chandra as Chief Operating Officer and Shuja Siddiqui as Chief of Staff in India. Chandra, who formerly served as Chief Technology Officer at Kotak Private Banking, and Siddiqui, coming from 360 One
Wealth where he managed strategic initiatives, are set to capitalise on the expanding Indian wealth market.

3. Raymond James Adds Teams from Morgan Stanley, UBS
Raymond James has enhanced its US presence by adding financial advisors Eric G. Werner and Vincent “Randy” Whatley from Morgan Stanley, who manage a $350 million portfolio. Additionally, the firm welcomed advisor James “Buck”
from UBS, who managed a $235 million book.

4. EFG Hires Duo from StanChart, BOS
EFG has appointed Ravi Ramakrishnan and Alex See to lead its market groups in South Asia and Greater China, respectively. Ramakrishnan brings 30 years of private banking experience, and See contributes 25 years in the sector, most recently as managing director at Bank of Singapore.

5. FS Investments Expands Senior Leadership
FS Investments announced new leadership roles with Lisa Opoku as Chief Operating Officer and Stephen Tisdalle as Chief Marketing Officer. Additionally, Chris Condelles was named Deputy Chief Financial Officer, enhancing the firm’s senior leadership capacity.

6. Kamet Capital Welcomes New Partners
Kamet Capital has appointed Matthew Lee and Foo Khai Lin as new partners. Lee, former Senior Vice-President at Singapore Economic Development Board, and Khai Lin, an investment banking veteran, bring extensive expertise to the

7. Raymond James Financial Names Paul Shoukry President and CEO Successor
Paul Shoukry
has been named as the new President and CEO of Raymond James Financial. Shoukry, previously serving as the company's treasurer, is expected to continue the firm’s strategic growth trajectory.

8. Goldman Sachs Appoints Head of Institutional Coverage in Korea
Scott Lim
has been appointed as the Head of Institutional Coverage for Goldman Sachs in Korea. Lim’s prior role involved overseeing alternative fundraising and private market product syndication to Korean investors.

9. Permira Appoints Dedicated Team for Climate Transition Investments
Permira has established a dedicated team for climate transition investments led by Kush Patel. This initiative demonstrates the firm's commitment to investing in sustainable and climate-related projects globally.

10. Newton Hires J O Hambro’s Voskamp as Global Distribution Head
Newton Investment Management has hired Tjeerd Voskamp as Global Distribution Head. Voskamp joins from J O Hambro Capital Management where he was head of distribution for the UK, Europe, and Asia.
These strategic moves, as observed through the TALNT platform, reflect a keen adaptation to the evolving market demands, with a strong focus on regional expansion, sustainability, and bolstering investment expertise across the global

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Chart illustrating a comparison between new hires and departures over a specified period, highlighting fluctuations and trends in workforce changes.
Chart illustrating a comparison between new hires and departures over a specified period, highlighting fluctuations and trends in workforce changes.