Fund Operator - news round-up 26/5/23

Your guide to all the the people moves news in the operation space for fund management, featuring Legal & General Capital, ACA Group, JLL, and Praemium.

Fund Operator Editor POSTED ON 5/26/2023 8:00:00 AM


Legal & General Capital

Legal & General Capital (LGC) announced that Karen Bashford has been appointed to lead its operations from July 2023 as Chief Operating Officer (COO).

Her appointment comes as LGC continues to expand and transition its business from an alternative asset origination platform to a multi-boutique manager and deploy third-party capital across its investment lines of clean energy, housing, venture capital, specialist commercial real estate, digital infrastructure, and GP investing.

Bashford’s role will focus on bolstering attractive risk-adjusted returns for shareholders and attracting further third-party capital. As a further focus of her role, she will continue to support LGC in enabling a culture that promotes innovation.

Prior to her new role, she was Head of Enterprise Change at Schroders. Her roles included onboarding large assets tranches such as £7 billion of Real Estate business. She is an accredited CFA ESG Analyst and a board member of London Women’s Forum, representing women in finance. Prior to her nine-year career at Schroders, Karen was Global Change and Operations Portfolio Manager at BAML and held a previous role with UK and European government initiatives to deliver environmental change programmes.

ACA Group

Governance, risk, and compliance (GRC) advisor in financial services, ACA Group, has appointed Patrick Olson as Chief Executive Officer (CEO) and member of the Board of Directors. Olson succeeds former CEO Shvetank Shah, who had led the company since January 2020, and will now be a Senior Advisor.

Olson has 30 years of experience in financial services, investment banking, and asset management. He joins ACA having previously held roles over a 17-year career with BlackRock. Before BlackRock, he was a Managing Director with Merrill Lynch.

ACA Group is owned by Genstar Capital, a San Francisco-based private equity firm with approximately $49 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare, and software industries.


Real estate investment company, JLL, has made several key operations appointments.

Jaymie Gelino has been hired as Chief Operating Officer (COO) of Project and Development Services (PDS). Effective immediately, she is responsible for overseeing all aspects of PDS’ operations efforts to drive efficiency, process improvement and scalability of JLL’s offerings. She reports to Todd Burns, President, Project and Development Services, Americas, JLL. She is based in Chicago.

Prior to her new role, Gelino was COO of JLL’s Design Solutions group and as a finance business partner for multiple Markets businesses.

Yao Morin has also been hired as Chief Technology Officer (CTO) – a newly created role. As CTO, Morin will lead JLL’s global technology development strategy and delivery and will oversee the newly centralised engineering group within JLL Technologies (JLLT), the technology division of JLL.

Prior to JLL Technologies, Morin was Chief Data Officer (CDO) and head of US engineering at StubHub.


Praemium has appointed Richard Large as Chief Technology Officer (CTO), who will be responsible for executing the company’s technology strategy.

Large joins Praemium with over 20 years of experience leading technology teams within financial services around the world, previously serving as CTO of the $250 billion Australian sovereign wealth fund, The Future Fund.

Moreover, he spent over 15 years as global head of business systems at abrdn.

Large replaces interim CTO David Bennet, who has held the position since August 2022. Before this, Bennet was Praemium’s software delivery manager, Australia.


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