Aviva Investors made nine hires to its UK, global and emerging market equities teams in July, in addition to the hiring of Susan Schmidt as head of US equities in October.
The board recognises the importance of careful succession planning at Rathbones and, having worked with Paul for many years, we are delighted with his promotion to chief executive officer.
During Howell’s tenure, he has overseen a number of acquisitions, including wealth manager Speirs & Jeffrey, IFA network Vision Independent Financial Planning and the private client arms of Jupiter and Tilney.
Jonathan Abela, an insurance and risk professional who has worked in the Middle East and Europe for almost 30 years, has been hired to head up Robus’ Malta operation.
Adrian Lowcock, head of personal investing at Willis Owen, said at the time of Mr Formica’s exit that co chief executive arrangements were usually temporary.