CLICK HERE to view the report in PDF or scroll down

 

Key themes and trends:

  • 90% of CEOs are changing how they use technology to deliver on wider stakeholder expectations, according to a recent study by PwC.
  • Current CEO moves would indicate that there appears to be a shift in generation, with a younger crop of CEOs taking over, which may also coincide with the increased importance placed upon technology and digital transformation.
  • Other observations of note include a greater number of CEO appointments from internal sources, and when external appointments have been made, there have been an increasing number from unrelated industry sectors.

Arbuthnot Latham

  • Ian Arthur Henderson is appointed / promoted to CEO Arbuthnot Latham. Previously he was CEO Personal Lending & Mortgages for Secure Trust Bank, the Arbuthnot Banking Group owned retail and commercial bank. He has also previously served as CEO Kensington Group, CEO Shawbrook Bank and had senior roles at both Barclays and RBS. Start date: May 2016

AXA Group

  • Thomas Buberl, CEO AXA Germany, AXA Global Life & Savings and Health, is appointed CEO of AXA Group, and will be taking over the CEO role from retiring Chairman and CEO of AXA Group, Henri de Castries, whose role will be split in two. Thomas relocates from Cologne to Paris. Denis Duverne, currently deputy CEO, will take on the Chairmanship from Henri. Up until September 2016, Thomas will serve as deputy CEO. Start date: September 2016

Bank of the West

  • Nandita Bakshi joins Bank of the West, a unit of French banking giant BNP Paribas, as President and CEO. She replaces Michael Shepherd who takes on the role of Chairman BNP Paribas USA. She joins from TD Bank where she was Head of the Consumer Bank and over the course of her career has held senior posts at Washington Mutual Bank, FleetBoston and First Data. Start Date: June 2016

Barclaycard

  • Amer Sajed is appointed/promoted permanently to CEO Barclaycard, succeeding Val Keating who left in May 2015. Having joined Barclaycard from Citi in 2006, he had been put in charge of Barclaycard on an interim basis. Amer’s permanent appointment follows the appointment of Brian Cole, former CEO of Capital One UK, as CEO Barclaycard UK, who will report into him. Start Date: April 2016

BLME

  • Jabra Ghandour is appointed CEO BLME, succeeding Michael Williams who was appointed on an interim basis in May 2015 after the resignation of long-serving former CEO Humphrey Percy. Michael will return to his role as Non-Executive Director. Jabra has more than 30 years’ experience in private, corporate and retail banking, across the Gulf, and most recently served as MD and Board Member of the International Bank of Qatar, representing National Bank of Kuwait Group. Start date: March 2016

Commerzbank

  • Martin Zielke succeeds Martin Blessing as Chairman of the Board of Managing Directors at Commerzbank. Zielke is promoted from his role on the Board of Managing Directors as responsible for the Business Segment Private Customers. Former roles at the bank include Group Manager Corporate Banking and Group Manager Retail Banking preceding those with a host of appointments at Deutsche Bank. This promotion has perpetuated changes on the board across compliance, HR and legal. Start date: May 2016

Credit Suisse

  • Bruno Angles is appointed as CEO for France and Belgium for Credit Suisse based in Paris, taking over from Pierre Fleuriot who was in the role for six years. 51 year old Bruno was formerly at Macquarie. Start date: April 2016

Danske Bank

  • Tonny Thierry Andersen is the new head of Danske Bank’s new Wealth Management unit (including Danica Pension, Danske Capital and Private Banking). He has been head of the bank’s Personal Banking unit since 2012. He undertakes a dual role until a replacement can be found for his former position. He has been at Danske Bank for over 15 years and has held various positions including CFO. Start date: April 2016

Generali

  • Gian Maria Mossa is promoted and replaces Piermario Motta as CEO after the latter’s unfortunate passing. Gian has been with the bank for nearly three years and has formerly held senior marketing roles at Banca Fideuram and functional leadership roles at Allianz. The promotion has precipitated the appointment of Generali Italy’s Head of HR, Giovanni Luca Perrin, to Non-Executive for Banca Generali/ Start date: April 2016

ING

  • Uday Sareen, President of the Operating Management Committee at Kotak Mahindra Bank in India joins ING Direct as CEO Australia, succeeding Vaughan Richtor who retires. Sareen is ex ING Vysya Bank, ex Citi, ex ING DiBa. Start date: June 2016

Investment Association

  • Chris Cummings, CEO of TheCityUK joins the Investment Association as its new CEO. Chris was also formerly Director General of the Association of Independent Financial Advisers (Aifa). He succeeds Daniel Godfrey who left in October 2015 and Guy Sears who has been serving as Interim CEO. Start date: September 2016

M&G Investments

  • Anne Richards, former CIO at Aberdeen Asset Management, joins M&G Investments, the asset management arm of Prudential, as CEO. She replaces Michael McLintock, who retires after just shy of 20 years in the role. Anne has also held roles at JPMorgan, Mercury Asset Management and Edinburgh Fund Managers. Start date: June 2016

Munich Re

  • Joachim Wenning, current Head of Life and HR at Munich Re, has been appointed as the new CEO for Munich Re. Current CEO Nikolaus von Bomhard has agreed to step down from the role in April 2017, when the AGM is held. Start date: May 2017

Natixis

  • Matthieu Duncan succeeds Pascal Voisin as CEO of Natixis Asset Management, following his resignation. Jean-Francois served as Interim CEO until Matthieu’s appointment. Matthieu started his career at Goldman Sachs and has worked at Newton IM and latterly was COO at Quilter Cheviot IM. He will look to accelerate the growth of Natixis Asset Management and its integration with Natixis Global Asset Management’s multi-affiliate business model. Start date: April 2016
  • Alain Gallois is appointed CEO of Natixis’ corporate and investment banking business in the Asia-Pacific region. Alain, who relocates to Hong Kong, replaces Francois Riahi who has been named co-head of CIB, in charge of financing and global markets. Serge Ekue, Head of Global Markets in Asia leads the region until Alain arrives. Start date: July 2016

Platform Securities

  • Nigel Reynolds is appointed / promoted to CEO Platform Securities, the FIS owned provider of value-added outsourced clearing and settlement services. This follows the appointment of former CEO Jason Robinson to a new role within the FIS Group as Chief Risk Officer FIS Wealth and Retirement. Nigel has previously worked for businesses including OMX Securities, Hargreaves Lansdown and Charles Schwab. Start date: April 2016

Prudential

  • John Foley, interim UK & Europe CEO of Prudential, is appointed to the role on a permanent basis. He had been undertaking the role on a temporary basis since the departure of Jackie Hunt, former UK & Europe CEO, in October 2015. John has been with Prudential for over 15 years and has been CRO and Group Investment Director previously. Start date: January 2016

RBS

  • Peter Flavel, former CEO of JPMorgan Wealth in Asia, joins RBS as CEO of Private Banking, in charge of Coutts and Adam & Company. He joins from JPMorgan where he was CEO of the Private Wealth Management business in Asia. He was also formerly with Standard Chartered and relocates from Singapore to London. Michael Morley steps down from the role. Start date: March 2016

Schroders

  • Peter Harrison becomes new CEO of Schroders, formerly he was the business’s Head of Investment. He takes over from Michael Dobson, who has been at the helm for 14 years, who takes on the role of Chairman, replacing Andrew Beeson. Start date: April 2016

Société Générale

  • Olivier Lecler is appointed (via promotion from Deputy CEO) as CEO of Société Générale Private Banking, succeeding Yves Thieffy. Yves becomes Chairman of the Board of SGBPS, replacing former Chairman Guillaume Lejoindre who has decided to pursue other opportunities outside of the Société Générale group. Start date: March 2016

Stonehage Fleming

  • Graham Wainer joins Stonehage Fleming as CEO and Head of Investments based in London. Formerly head of multi asset class investments for GAM, he joins the business reporting into Anton Sternberg, Head of Investments. Start date: April 2016

Thomas Miller Investment

  • Hugh Titcomb joins Thomas Miller Investment as CEO. Hugh was formerly Brown Shipley’s Head of Private Banking. Hugh has also worked as Vice Chairman and Group CEO of Sanlam Private Investments UK. Hugh succeeds Mike Balfour who resigned in November 2015. Start date: January 2016

Zurich Insurance

  • Mario Greco, former CEO GI for Zurich Insurance, returns to the business from his erstwhile role as CEO at Generali, to lead Zurich since the departure of Martin Senn in December 2015. He succeeds Tom de Swaan who has held the role on an interim basis. Start date: May 2016