On the Move

Trading Places: All change in Schroders’ wealth team, Brevan Howard’s BlueCrest poach

Find out who is on the move in the City and beyond this week

Trading Places: All change in Schroders’ wealth team, Brevan Howard’s BlueCrest poach

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Schroders unveiled a fresh roster of leaders for its wealth business as it sets its sights on becoming a front-runner in the high net worth market. Alexander Pronk, who has previously worked at Goldman Sachs, UBS and Credit Suisse, was appointed chief executive of Europe and the Middle East. Schroders also poached Andreas Piepke from HSBC’s private bank in Switzerland as global chief operating officer of its wealth business, and Citigroup’s Mark Pickering to serve as global head of banking, lending and trading.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink