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MOVES-PIMCO, Zurich, US Bank, Legal & General, RBC, Morgan Stanley

Wed, 22nd Jan 2014 22:10

Jan 22 (Reuters) - The following financial services industryappointments were announced on Wednesday. To inform us of otherjob changes, email moves@thomsonreuters.com.

PIMCO

Mohamed El-Erian, heir-apparent to Pacific InvestmentManagement Company (PIMCO)co-founder Bill Gross, will step downas chief executive and co-chief investment officer at the assetmanagement unit but will stay on the international executivecommittee of Allianz SE, the German insurer which ownsPIMCO. Douglas Hodge, chief operating officer, will step intothe chief executive role when El-Erian leaves the firm inmid-March, Pimco said in a statement.

ENEVA SA

The Brazilian energy producer has named former Goldman SachsGroup Inc dealmaker Fabio Bicudo as chief executiveofficer, a source with direct knowledge of the situation said onWednesday.

LOMBARD ODIER

Hugo Baenziger, former risk chief of Deutsche Bank, is to join Lombard Odier as a managing partner,tasked with helping the family-owned Geneva-based private bankexpand outside Switzerland.

FIDELITY INVESTMENTS ASSET MANAGEMENT

The asset manager's head Ron O'Hanley will leave the companyat the end of February, executives said on Wednesday, after acautious stint running a key unit of the family-controlledbusiness since 2010.

RBC WEALTH MANAGEMENT

The U.S. brokerage operation of Royal Bank of Canada said it had hired financial adviser Kelly Kerr from UBS.

MORGAN STANLEY WEALTH MANAGEMENT

The asset manager said that it hired three financialadviser. J Patrick Kearns joined from Fulcrum Securities, whileMichael Cott and Donald Nejedly joined from RBC Dain Rauscher.

KINNEVIK

Mia Brunell Livfors is stepping down as chief executive ofthe Swedish investment firm to seek a new challenge after eightyears helping to transform the company into a leading investorin technology and e-commerce.

ZURICH INSURANCE GROUP AG

The insurance group said it has appointed Saad Mered to theposition of chief claims officer for its general insurancebusiness. Mered, who joined Zurich in 2008 from AIG, willreplace Thomas Sepp, who has left the company to pursue otheropportunities.

U.S. BANK WEALTH MANAGEMENT

The wealth manager of U.S. Bancorp said on Tuesdaythat Hank Zewald has been named wealth management consultant forthe private client reserve of U.S. Bank in Portland. Zewald waspreviously the owner of consulting firm Quantum FinancialPartners.

John Paul Sweeney has also joined the private client reserveof U.S. Bank in Chicago as a senior trust officer. Prior tothis, Sweeney was a managing director and senior trust officerwith the Private Bank and Trust Company.

LEGAL & GENERAL CAPITAL

Legal & General Group Plc said Martin Brookes hasjoined as director of investment strategy.

Brookes was most recently director of portfolio managementin the Prudential Plc (UK) portfolio management group.

GENERAL ATLANTIC LLC

The equity firm said that Jan-Michiel Hessels, formerchairman of NYSE Euronext, has joined the company as a specialadvisor in Europe.

Hessels currently serves on the board of directors atIntercontinentalExchange Group Inc and on thesupervisory board at Royal Boskalis Westminster.

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