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Tilney Smith & Williamson bags ex-Vanguard boss for board


Tilney Smith & Williamson bags ex-Vanguard boss for board
Vanguard AUM grew to $5.3trn under Bill McNabb’s tenure
Tilney Smith & Williamson has hired Vanguard’s former chairman and chief executive as a non-executive director.
Bill McNabb became CEO of Vanguard, the world’s largest mutual fund manager, in 2008 before retiring from the role in 2017 and continuing as chairman until 2018.
During his tenure, assets under management grew almost five-fold to $5.3trn (£3.9trn).
Since leaving Vanguard, McNabb has served in several non-executive roles, including as a board member of IBM and United Health Group, as well as global legal services firm Axiom. ....

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PEOPLE MOVES: HSBC, Credit Suisse, Affinity Private Wealth


Bank makes triple change in wealth unit, while Swiss group names COO of UK operation
HSBC
The banking group has made three senior appointments in its wealth and personal banking investment unit.
Effective immediately, Willem Sels will be global chief investment officer of private banking and wealth management, while Jan-Marc Fergg will be global head of wealth products, ESG and mutual funds, and Patrick Boumalham takes on the role of global head of ultra-high net worth solutions.
Since joining HSBC in 2009, Sels was a fixed income strategist and the global chief market strategist for private banking.
Prior to HSBC, Fergg spent 20 years at UBS in a variety of senior roles. ....

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