UK - Citigroup Asset Management has lost two of the individuals responsible for building its institutional sales capability, with both moving to Investec Asset Management.
Frank Doyle and Patrick McDonnell have joined Investec as head of UK and Ireland institutional sales and business development consultant, respectively. Both will be based in London.
In his previous role, Doyle was Citigroup’s regional sales director, UK and Ireland and head of consultant relations. Prior to this he was head of global consultant relations and UK sales with Dresdner RCM Global Investors.
McDonnell worked with Citigroup for five years as director for business development. He was responsible for Europe, the Middle East and Africa. Before this, he was director at SEI Investments’s Mexico office.
Hendrik du Toit, Investec chief executive (pictured) said: “These appointments significantly boost our institutional business and demonstrate our strong commitment and determination to build existing institutional assets.”
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