This week’s overview of transfers, appointments, promotions and other career news in the international fund and asset management community includes updates from Schroders, Amicorp, La Française and Vistra.
Richard Oldfield
Richard Oldfield (photo), currently chief financial officer at Schroders, has been appointed as the new CEO of the company, effective 8 November 2024, subject to regulatory approval. Oldfield will succeed Peter Harrison, who is stepping down after eight years in the role. Harrison will remain in his position until November and will work with Oldfield until the end of the year to ensure a smooth transition.
Oldfield joined Schroders in October 2023, following more than 20 years at PwC, where he held various leadership positions and advised clients on complex business issues.
Schroders has indicated that Oldfield aligns well with the company’s values. Harrison is credited with doubling the firm’s assets under management to €918 billion, as well as expanding both the private and public markets and driving the growth of the Wealth division.
Oldfield’s appointment follows a succession process that began in April 2024.
Clive Short
Clive Short has been appointed commercial director of Amicorp Fund Services in Luxembourg. In his new role, Short will focus on expanding the firm’s client base across Europe.
He joins Amicorp from TMF Group, where he served as head of fund sales for Europe, the Middle East, and Africa. Short’s career in the investment management industry includes positions at Barings, Deutsche Bank, Axa Investment Managers, and fund services provider Intertrust.
Andrew Cherry
Andrew Cherry has been appointed group chief financial officer at Vistra, a fund and corporate service provider, succeeding Hilton Hess. Cherry joins Vistra from Alter Domus, where he served as CFO for the past five years.
His previous experience includes roles at PwC in the UK, British American Tobacco, Cable & Wireless, Gemini Consulting, Volex, and Salamanca Group. Cherry will initially be based at Vistra’s head office in Luxembourg before relocating to the group’s Asian base in Singapore. The firm last December announced the acquisition of Kroll’s Luxembourg management company business.
José María Fuentes Saez
José María Fuentes Saez has been appointed sales manager for Iberia at La Française, effective August 19, 2024. Based in Madrid, Fuentes Saez joins the local Iberian team and will report to Reyes Garcia-Reol, country head.
Fuentes Saez brings nine years of experience in the finance industry. He began his career at ING in 2016 as a sales representative in capital markets, then moved to London to work at UniCredit Bank AG as an analyst in the leveraged finance/debt capital market team. He later joined KDB Bank as a senior credit investment analyst before returning to Madrid with Bank Sabadell, where he served as institutional sales director and corporate derivatives sales representative.
Fuentes Saez holds a Bachelor of Arts in Business and Economics from the University of San Pablo CEU and an Executive Master in Finance from ESADE. He is also an EFPA certificate holder.
Since 1 January 2024, La Française Group is 60 percent owned by Banque Fédérative du Crédit Mutuel (BFCM) and 40 percent owned by the Crédit Mutuel Nord Europe regional bank and a member of Crédit Mutuel Alliance Fédérale.
Investment Officer publishes an overview of key appointments in the financial sector in and around Luxembourg every Thursday.. Send your announcements via email to editor@investmentofficer.lu if you want them to be included.