In addition, there were People Moves at GreenKey Technologies and Edmond de Rothschild Group.
Lombard International Names New CEO for U.S.
Michael Gordon, CEO, U.S., Lombard International
Lombard International, a specialist in wealth-structuring solutions for the high-net-worth market, reports the appointment of Michael Gordon as CEO of its U.S. operations.
Gordon will report to John Hillman, executive chairman of Lombard International.
He joins from BNY Mellon, where he was global head of insurance solutions, according to a Lombard statement. “Additionally, he served as chief executive officer of Tiber Capital Management, LLC, a wholly-owned subsidiary of BNY Mellon focused on managing assets for insurance and reinsurance companies. Before BNY Mellon, Mr. Gordon was an executive at New York Life Insurance Company, leading investment and insurance product management, sales and marketing functions.”
The Gordon appointment is “part of a series of strategic developments for Lombard International including the formal launch, in September 2015, of its global life insurance-based wealth management business. This announcement followed the successful integration of Luxembourg-headquartered Lombard International Assurance with U.S.-headquartered Philadelphia Financial.”
Lombard International characterizes itself as a “life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 20 years’ experience and market leadership in their respective fields. Lombard International provides wealth structuring solutions using private placement life insurance and annuity products to high net worth individuals, their families and institutions around the globe.”
Assets under administration are in excess of US $75 billion with a global staff of more than 500, including more than 60 technical experts specializing in more than 20 jurisdictions, Lombard notes.
GreenKey Appoints Chief Revenue Officer
Richard L. Garnier, chief revenue officer, GreenKey Technologies
GreenKey Technologies, a provider of an encrypted voice-over-Internet-protocol (VoIP) network and a searchable text files platform for the financial markets, reports that Richard L. Garnier has been named to the new position of chief revenue officer. He will be based in London.
Garnier, a 30-year financial services and information technology veteran and a former executive with Thomson Reuters, will be responsible for the vendor’s global sales, service, marketing and strategic partnership initiatives, the company says.
During his 12 years at Thomson Reuters and Thomson Financial, the company that acquired Reuters in 2008, Garnier held a variety of positions, including managing director for Northern Europe and the firm’s asset management business in Europe, the Middle East and Africa, according to a GreenKey statement, which notes also that he had “fiduciary and operational responsibility for Thomson Reuters’ trading entities across all Nordic countries.”
Prior to Thomson Reuters and Thomson Financial, Garnier held management posts with several early-stage growth firms, GreenKey adds, including RAW Communications, which provided Internet broadband technology applications within the global equities markets, and Internet Securities, a financial data firm covering emerging markets. He also served as director of sales for the Financial Times in the late 1980s.
GreenKey points out that its VoIP network is now deployed at more than 300 firms, including banks, brokerage firms and trading firms.
New Global Asset Management CEO at Edmond de Rothschild Group
The Geneva-headquartered Edmond de Rothschild Group has named Roderick Munsters head of its asset
Roderick Munsters, CEO of asset management division, Edmond de Rothschild Group
management business. He replaces Laurent Tignard, who leaves to pursue new professional opportunities after three years in the post, according to a statement.
Munsters will become part of the group’s executive committee and will report to Ariane de Rothschild, the executive committee’s chairwoman.
Munsters was CEO of the Robeco Group from 2009 to 2015, according to the statement. “From 2005 to 2009 he was a member of the executive committee and chief investment officer of ABP and APG All Pensions Group. From 1997 to 2005 Roderick was a member of the Executive Committee (Investments) of PGGM. From 1989 to 1997, he held various positions in the Investment Department of Insurance Company Interpolis.”
Munsters is a member of the Capital Markets Committee of the Netherlands Authority for the Financial Markets (AFM), officials add. He was chairman of Eumedion (Dutch Corporate Governance Forum) from 2006 to 2009.
The group characterizes its asset management investment solutions as “not linked to benchmarks…. They adapt continuously to changes in the market and their managers are not afraid to deviate from the consensus. This is the result of in-depth research and analysis as well as close relationships with different market participants — companies, brokers, issuers and market institutions — that have been fostered over time.”
Assets under management at the end of 2015 totaled more than 85 billion in Swiss Francs (€78 billion/$87.6 billion), the group says.
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