This week’s update on executive moves in and around Luxembourg includes senior appointments at Edmond de Rothschild, P1 Investment Services, EFG International, and Blackrock, alongside key promotions at Marguerite and Colesco Capital.
Penny Lovell UK CEO at Hottinger
Swiss private bank Edmond de Rothschild has announced that Penny Lovell (photo) has been appointed as chief executive of its private bank Hottinger in the UK. She succeeds Mark Robertson, who moves to the role of chairman of the board.
Lovell brings over 20 years of experience in private client advisory and wealth management. She joins from Citi Private Bank, where she was managing director and head of high-net-worth clients since 2022. She has also held senior roles at Fleming Family & Partners, Rothschild & Co Asset Management, and Close Brothers Group.
As CEO, Lovell will lead Hottinger’s UK private banking operations, focusing on strengthening client relationships and expanding wealth management services.
Bräuer appointed team head Germany at BIL
Alexander Bräuer has been appointed team head Germany in the wealth management division at Banque Internationale à Luxembourg (BIL).
Bräuer, who announced the appointment on LinkedIn, will lead the team in delivering wealth solutions for private and corporate clients. He expressed gratitude to BIL’s management, particularly Eric De Marchi and Claude Eyschen, for their trust and support in his career development.
Marguerite announces senior promotions
Pan-European infrastructure investment firm Marguerite has promoted Pilar Gomez and Guillaume Rivron to managing partners. Both have been with the firm since it was founded in 2010.
In the investment team, Fabio Siragusa has been promoted to partner, Lorenzo Mosca to investment director, Alexis de Marotte to vice president, and Roshni Ohri to associate. In the ESG team, Christophe Bonnat replaces Gomez as head of ESG.
The promotions follow the final close of Marguerite III, the firm’s third infrastructure fund, which raised over 700 million euros. Since 2010, Marguerite has invested more than 2 billion euros in infrastructure projects across 16 countries.
Adam Wilmott joins Colesco Capital
Colesco Capital has appointed Adam Wilmott as co-head of origination for its London office. He joins from Rabobank, where he spent 18 years as managing director. Prior to that, he held roles at Hill Samuel Bank and Crédit Lyonnais in London.
Colesco, a private credit platform focused on lending to private equity firms, was launched last year by Rabobank, with former Rabobank executive Danny Vroegop at the helm. In January, the firm closed its first fund, raising more than 800 million euros, with Rabobank and APG as cornerstone investors.
James Fouche to boost client support at P1
P1 Investment Services has appointed James Fouche as investment account manager to strengthen its client support team. He brings over 11 years of experience in investment platforms, wealth management, and business development, having previously worked at EBI, Vitality, and Coronation Fund Managers. His appointment follows the recent addition of Michelle Angell as senior client services and operations manager.
Fouche will focus on building relationships with advice firms, ensuring advisers receive high-quality service and maximise the value of the P1 Platform. James Priday, chief executive of P1 Investment Services, said the firm’s rapid expansion requires continuous investment in technology and people. In January, P1 launched its all-in-one client adviser portal, the P1 Wealth Pilot.
Kooy-Henkel to lead sustainability at Blackrock EMEA
Louise Kooy-Henkel has been appointed head of sustainable and transition solutions for EMEA at Blackrock, she announced on LinkedIn. The role is reportedly a new position at the firm.
Kooy-Henkel was investment director for sustainable and impact investing at Wellington Management from 2016 to 2023. Before that, she spent nearly 20 years at J.P. Morgan Asset Management as managing director for global equities. Over the past 18 months, she has held non-executive board roles at several UK pension organisations.
Blackrock’s stance on sustainability has faced growing scrutiny, caught between shifting US political sentiment and the expectations of major European institutional clients. In January, the firm withdrew from the Net Zero Asset Managers alliance, marking a shift in its approach to climate-related investment commitments.
Four new board members at EFG
Wealth manager EFG International has announced the nomination of Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Kostas Tsiveriotis as new members of the board of directors of EFG International and EFG Bank. Their appointments are subject to regulatory approval and will be proposed for election at the upcoming annual general meeting on 21 March 2025.
Bettkober has been nominated as an independent board member, succeeding Prasanna Gopalakrishnan, who is stepping down for personal reasons. A recognised expert in digital transformation, Bettkober is currently head of group organisational development and transformation at Volkswagen Group and serves on the extended management board of Cariad, Volkswagen’s software subsidiary. She brings over 18 years of experience in enterprise transformation, sales, and business development across the technology and automotive industries.
Delgado will replace Amy Yip, who is leaving after five years on the board. Delgado has extensive experience in luxury, IT, and banking, having previously served as chief executive of Safilo Group and as an executive board member at SAP SE. She currently chairs Swarovski International Holding and holds non-executive board positions at IKEA, Telia Company, and Fortum.
Eriksen has been nominated to succeed Stuart M. Robertson, who is stepping down after seven years. Eriksen has a background in finance, risk management, and auditing, and has served as president of the board of directors of the Swiss Federal Audit Oversight Authority since 2018. She also chairs the audit committee at AXA Switzerland and is a supervisory board member at JP Morgan SE in Frankfurt.
Tsiveriotis will replace Périclès Petalas, who has been a key figure in EFG’s growth since its IPO in 2005. Tsiveriotis is currently managing director and chief executive of Gestron Asset Management in Luxembourg and has previously held leadership roles at Eurobank Private Bank Luxembourg and Deutsche Bank in New York.
The new board appointments will be formalised following the annual general meeting in March 2025.
Investment Officer publishes an overview of key appointments in and around Luxembourg every week. Send your announcements via email to editor@investmentofficer.lu.