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People Moves: NN IP, Aviva, Willis Towers Watson

NN IP appoints head of emerging market debt

Dutch asset manager NN Investment Partners (NN IP) has named Marcin Adamczyk as head of emerging market debt, as of 1 July.

Adamczyk will report to Edith Siermann, head of fixed income & responsible investing at NN IP, who has held the role on an interim basis since November 2019.

He will be responsible for overseeing the emerging market debt team and focus on the execution of the strategy by enhancing the firm’s client solutions.

Adamczyk returns to NN IP after having served in various senior roles. He joins the firm from Polish insurance company PZU Group where he was most recently advisor to the board.

Prior to this, he worked at Nomura International, Lombard Odier Investment Management and at Dutch asset manager MN, among others.

Since January 2020, NN IP, with €276bn of assets under management, has been strengthening its emerging market debt hard currency sovereign team.

Luis Serrano will join that team as credit analyst on 6 July in its New York office, where he will cover the Latin American region of emerging market corporates.

Marcin Adamczyk, head of emerging market debt at NN IP


Aviva appoints George Culmer as chairman

Aviva has announced George Culmer as non-executive chairman. He will replace Sir Adrian Montague who will retire shortly after his successor’s start date of 27 May.

Culmer is currently Aviva’s senior independent non-executive director, a role he assumed in January 2020, and for which the board has begun to search for a replacement.

He is also a non-executive director of Rolls Royce. Culmer was previously chief financial officer of Lloyds Banking Group, among other senior roles.

George Culmer, non-executive chairman at Aviva


Willis Towers Watson promotes Mark Calnan

Willis Towers Watson has appointed Mark Calnan as head of investments for Emea, replacing Ed Francis who has moved to another role in the business.

Calnan will report to Chris Ford, global head of investments and retain his current responsibilities.

Previously, he was head of specialist solutions and oversaw the global team and its specialist portfolio mandates business.

Mark Calnan, head of investments, Emea, at Willis Towers Watson


Meag has added Prashant Sharma to its board of management

Meag Munich Ergo AssetManagement has appointed Prashant Sharma as chief investment officer public markets, effective from 1 July.

He will succeed Thomas Kurtz who leaves Meag on 30 June to pursue new opportunities.

Sharma will be tasked with the management of the liquid assets portfolio.

He joins Meag from JP Morgan Asset Management, where he served as head of international fixed income insurance, global fixed income, currency & commodities group.

This comes as Meag, which manages €324bn of assets, plans to merge its illiquid assets and real estate business as of 1 July, the firm said.

Michael Bös will assume responsibility for the newly created division as chief investment officer alternative assets.

Bös joins Meag from German reinsurance company Munich Re, where he currently heads up the investment strategy division.

He will take over responsibilities from Wolfgang Wente, currently tasked with real estate fund management at Meag Munich Ergo Kapitalanlagegesellschaft.

Wente will leave the company on 30 June 2020 to take on new opportunities.

Meag’s chief executive Andree Moschner commented: “We are pooling our expertise, raising our international profile and consolidating Meag’s strengths.”

Prashant Sharma, chief investment officer public markets at Meag


La Française Group appoints chairman

The supervisory board of asset manager La Française Group has appointed Patrick Rivière as chairman of the executive board to replace Xavier Lépine, who decided to leave the group to pursue personal projects.

Rivière joined La Française as managing director in 2008, after having served in numerous senior roles at other companies.

The supervisory board has also adopted a new governance structure and appointed two members to the board: Marc Bertrand and Philippe Lecomte.

As part of this new governance, Patrick Rivière, who until now held the position of chief executive, has set up a management team.

• Bertrand steers all activities relating to real estate, including the firm’s innovation platform.

• Lecomte takes responsibility for extending the group, both in France and abroad, while continuously managing the international distribution platform. He is also in charge of synergies with group affiliates, among other tasks.

The firm said that this reorganisation comes in the wake of strong growth in 2019, with inflows of €5.6bn, and that it is aimed at helping the group develop its multi-boutique model, which is now structured around two core business lines – real estate and financial assets – and an international distribution platform.

These appointments came into effect on 11 May 2020.

Patrick Rivière, chairman of the executive board at La Francaise Group

Elena Johansson

Senior Reporter

Part of the Mark Allen Group.