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CRG

Chicago-based real estate development and investment management firm CRG has hired Steve Schnur as Chief Operating Officer (COO).

In this new role, Schnur is tasked with expanding CRG’s executive leadership team to guide the firm’s growth and expansion of its real estate development and investment activities across North America. Schnur will also play an important role in enhancing the firm’s internal processes regarding acquisitions, development, leasing, asset management and property management, said a statement from CRG.

Schnur was previously EVP and COO at Duke Realty, where he was responsible for identifying and pursuing new development opportunities, paving the way for over $5 billion in industrial development.

Suntera Global

Suntera Global has appointed Kathryn Wilkinson as Head of Operations as part of the firm’s focus on its growth.

In her new role, Wilkinson will provide operational support to the Jersey office. She has more than 25 years of experience in international financial services, including compliance, change management, risk and governance across the banking and investment fund sectors.

Immediately before joining Suntera, she held the position of Director of Central Operations at the Jersey Financial Services Commission (JFSC) where she was involved in implementing a new registry system.

Suntera provides boutique-style fund services from offices in the Cayman Islands, Isle of Man, Jersey, Luxembourg, and New Jersey. Established over 40 years ago, it has $35bn in assets under management, as well as 450 specialists.

The Mather Group

Wealth management firm The Mather Group (TMG) has hired Stuart Evans as Chief Compliance Officer (CCO). The company has fifteen offices across the US and more than $11.6 billion in combined assets under management (AUM) and assets under advisement (AUA).

Evans has nearly 30 years of industry experience in compliance, operations, and mergers and acquisitions. Most recently, he was CCO for Cerity Partners, an investment adviser with more than 450 employees and $45 billion in AUM. He had been with Cerity since January 2020, when it acquired Executive Monetary Management and Sage Advisors, for whom Evans was CCO for since 2016. Previously, he also held the CCO role with Ladenburg Thalmann Asset Management.

As CCO at TMG, Evans will manage and coordinate all activities related to compliance with the firm’s regulatory requirements as a federally registered investment adviser.

TMG offers a range of in-house services, including financial planning, tax advice and preparation, portfolio management, concentrated stock management, risk assessment, and estate planning guidance.

“We’ve always believed in the importance of fostering a strong culture of compliance at TMG, and Stu is going to be instrumental in helping us maintain and improve upon that,” said TMG CEO Chris Behrens. “Stu brings a level of experience that is exactly what our firm needs as we navigate the regulatory environment while also growing rapidly.”

The company was ranked 49 on Barron’s 2022 list of Top 100 RIA Firms and ranked 22 on both Financial Advisor’s 2022 Top 50 Fastest-Growing Firms and Crain’s Chicago Business 2022 Fast 50.

Amundi Deutschland

Amundi Deutschland GmbH, a subsidiary of the largest European asset manager Amundi, has appointed Kerstin Gräfe as a new member of the management board from April 1, 2023. Gräfe has been the Chief Operating Officer (COO) of Amundi Deutschland GmbH since 2019 and was already part of the extended management in this function.

Since April 1, 2023, she has been responsible for the areas of middle and back office, client service, regulatory and customer reporting, business administration, strategic projects, IT and facility management as a member of the management board.

Gräfe started her career at Swiss Life Asset Management in 2001 and then moved to Augsburger Aktienbank. She joined Pioneer Investments in 2007 and was responsible for the support of asset managers, pools and platforms as Senior Sales Director in the first few years before taking over the management of Client Service and Reporting in 2014.

Amundi Deutschland has assets under management of €107 billion as of 2022 and around 140 employees. It is based in Munich with a second office in Frankfurt.

Alecta

Sweden’s biggest pension fund has fired its CEO after the fund lost almost $2 billion by investing in niche US banks including the ill-fated Silicon Valley Bank (SVB).

Magnus Billing was forced to step down of the helm of Alecta after the fund became one of the largest non-US casualties of the bank’s collapse.

In a bluntly worded statement, Alecta said that Deputy CEO Katarina Thorslund has been appointed acting CEO, and the recruitment process to find a new regular CEO will begin immediately. In the meantime, Ingrid Bonde will support the organisation as working chairman of the board. “The board decided this after having further discussions about the right way forward for Alecta and about how trust can be restored,” the statement said.

"We would like to thank CEO Magnus Billing for the solid work he has put in during his time at Alecta for the good of the company and the customers. At the same time, Alecta now needs to look ahead and forcefully implement the necessary changes", says Ingrid Bonde.

Alecta has 2.6 million private customers in Sweden and 35,000 corporate customers. It has been an administrator of occupational pensions since 1917. It manages around SEK 1,000 billion (equivalent to £77 billion).

Billing had been CEO since April 2016, and before that spent 11 years at Nasdaq.

 

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