Wednesday people roundup
The Investment Association (TIA) – Helena Morrissey is set to become chair of the newly created TIA, after the merger between the Investment Management Association (IMA) and the Association of British Insurers’ (ABI) investment affairs division. In light of the merger, Morrisey will replace Douglas Ferrans, current IMA chairman, who is stepping down after four years in the role. Daniel Godfrey remains chief executive of the newly merged lobby group. Morrissey is also chief executive at Newton Asset Management and founded the 30% Club, an organisation dedicated to the promotion of women onto corporate boards.JP Morgan Asset Management – John Bilton has been appointed head of the global strategy team in the firm’s investment management solutions global mulit-asset group. Bilton joins from Bank of America Merrill Lynch, where he was the European equity strategist responsible for asset allocation research. From London, Bilton will be responsible for global economic and asset allocation strategies. Towers Watson, Railways Pension Scheme, AVÖ, The Investment Association, JP Morgan Asset ManagementTowers Watson – Chris Mansi, currently the consultancy’s European delegated CIO, has been promoted to a global role in charge of all $60bn (€44.2bn) of delegated mandates. Mansi, who has been with the firm for 15 years, has been promoted alongside Craig Baker. Baker was previously global head of research at Towers Watson’s investment division, and has been named global CIO.Separately, Michael Valentine has joined the firm in Zurich from Mercer to consult German-speaking Swiss clients on investment issues. He follows Edouard Stucki in some of his positions, but not as a board member. Stucki had left the consultancy earlier this year to pursue new opportunities. Sebastien Brocard remains as investment consultant for the French-speaking Swiss clients, a position he has held for two years now.Railways Pension Scheme – John Chilman has become chairman of the pension scheme for railway workers in the UK. Chilman replaces Derek Scott, who was chair for seven years and will remain employer director of the scheme for his final three years on the board. Chilman, who has been on the board since 2007, is also director of reward and pensions at FirstGroup, a bus and rail company.AVÖ – Manfred Rapf has been elected president of the Austrian actuarial association AVÖ. He also heads the life insurance department at the Austrian insurance federation VVÖ. Rapf follows Christoph Krischanitz, managing director of actuarial consultancy Arithmetica. After six years in office, Krischanitz could not be re-elected president and is now serving as vice-president.