US - Ivy Asset Management has appointed Sean Simon and Michael Singer as co-Presidents and Adam Geiger as CIO effective immediately, as part of a significant boardroom shake up.
In their new roles, Simon will oversee Ivy’s global client relationship development and servicing while Singer will handle finance, compliance, IT, human resources and administration departments.
Geiger will manage the global investment team and oversee manager research and selection, portfolio management, operational due diligence and risk management. Geiger will report to the co-presidents.
The firm, a subsidiary of The Bank of New York Company, also announced co-founders Lawrence Simon and Howard Wohl had been named vice chairmen.
Simon and Howard will serve as strategic advisers to the firm, participating in the tactical development of key firm initiatives and providing mentorship to Ivy executives.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.