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People Moves: Value Partners, Edmond de Rothschild Group, Schroders, BMO, Fidelity, Appleby ...

Value Partners

Value Partners Group has named David Townsend as managing director, EMEA Business, effective 21 April 2022.

Townsend is responsible for leading Value Partners' engagement with institutional investors in Europe, the Middle East and Africa (EMEA). He will also take responsibility for the Group's coverage of international wholesale distribution partners across the EMEA region.

Based in London, Mr. Townsend reports to the Group's president, June Wong.

Townsend has extensive experience in the investment management and financial industry. Most recently, he was advising Alderwood Capital LLP as the Head of Investor Relations. Before joining Alderwood Capital, he served as Head of EMEA Institutional at First Eagle Investment Management, in charge of the firm's London office.

Prior to that, he served as Managing Director, Head of EMEA and Global Consultant Relations at Martin Currie Investment Management. He was also Head of UK Institutional Sales at AXA Investment Managers UK and at Framlington Investment Management. He started his career at Fidelity.

Wong said: "He brings nearly 30 years of experience in institutional and wholesale investor relations, marketing and sales to the role. We see robust demand from overseas institutional investors looking to create specialized China mandates.

"Global pension and endowments currently only have around 3% to 5% of their portfolio exposure in China, and there is potential for that number to grow. As we aim to enhance our leadership in the EMEA region further, David's extensive experience, knowledge and relationships in the industry will make him an invaluable asset to our business. We are delighted to have him on board."

Edmond de Rothschild Group

Edmond de Rothschild Group is growing its private banking business in the Middle East, with two new appointments: Saman Habibian as Market Leader Middle East & Africa, and Manuel Sturm, as COO Market Middle East & Africa.

This is part of the Group's wider development strategy to expand its Private Banking activities in the Middle East and significantly grow its presence and client base in the region.

Habibian was head of Middle East at Bank Pictet in Zurich, joining in 2019, before which working for Bank Julius Baer from 2010, notably as head of GCC International, then successively as CEO Julius Baer Bahrain and deputy global head Middle East and Africa.

Sturm was chief of staff for the Middle East and Africa region at Bank Pictet in Zurich. Prior to that he was head of business management of emerging markets region at Bank Julius Baer

Michel Longhini, CEO of Private Banking, said: "We're thrilled to welcome two experts with more than 20 years of experience in the region to support our ambitions. These hires will allow us to expand our services to clients in the booming Middle East market."

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