The biggest manager moves of 2012
We take a look back at the top manager moves that caught your attention over the past twelve months.
January: Marc Favard
After more than 25 years at Meeschaert Asset Management, Marc Favard stepped down at the end of December following a difference of opinion over the future development of the boutique's investment strategy.
Favard reappeared in June, having been appointed CEO at rival French boutique Amilton Asset Management.
The Amilton Asset Management firm runs over €400 million of assets for both private and institutional investors as well as family offices and French IFAs.
February: Marie-Jeanne Missoffe
European equity manager Marie-Jeanne Missoffe (pictured right) left French boutique SPGP in February, having run the firm’s Cap Grande Europe since its launch in May 2007.
She was taken on by Mandarine Gestion in October, joining the growth team of French star manager Joëlle Morlet-Selmer.
A spokesperson for the French boutique confirmed to Citywire Global that it is planning to launch a new European equity growth fund for Missoffe in the coming months.
March: Jean-Noel Roffiaen
European equity manager Jean-Noel Roffiaen left French firm Financière de l’Echiquier in March after joining them just under two years ago.
The former European equity manager left the group following a difference of opinion over the future strategy of the €125 million Echiquier Quatuor fund, which has been handed over to Jose Berros.
He has since set up his own consumer services company, Modern Services for Africa.
April: Laurent Gorgemans
After seven years at Dexia Asset Management Laurent Gorgemans stepped down in April.
Gorgemans was head of multi-management at Dexia, and a spokesperson for the group said he left for personal reasons.
He is now deputy director for Banque Privee Edmond de Rothschild Europe's business development team in Luxembourg.
May: Roger Yates
Pioneer Investments lost its CEO of almost two and half years in May, when Roger Yates stepped down to make room for Sandro Pierri.
The firm, the asset management arm of Italian bank Unicredit, said Yates decided to step down and return to London owing to family commitments.
He will remain on Pioneer Investment's board as a non- executive director and will continue his involvement with the group.
June: Daniel Fighiera
Leading small and mid-cap manager Daniel Fighiera made a switch from Rothschild to French investment boutique Tocqueville Finance in June.
Fighiera was lead manager on two of Rothschild’s specialist small- and mid-cap funds, the R Midcap Euro and R Midcap France, which will now be overseen by Alban Seydoux. He now currently manages Tocqueville Finance's Ulysse and Odyssée funds.
July: Adam Cordery
Adam Cordery, Schroders head of European and UK credit, left the firm after eight years in July.
The manager of the €4 billion Schroder ISF European Corporate Bond fund has left to pursue other opportunities outside the firm, naming newly hired manager Patrick Vogel head of its European and UK credit management and research team.
August: Cyril Deblaye
Cyril Deblaye returned to French boutique MW Gestion in August two years after leaving the firm for rivals Amplegest Gestion.
Deblaye joined Paris-based Amplegest in June 2010 following a five-year stint at MW Gestion, where he had held the positions of fund manager and managing director.
In his new role he will support lead manager Paulo Lombardi, who took over the MW Actions Europe fund from Jérome Selle in February 2012.
September: Marc Romano
September saw French firm Rothschild HDF Investment Solutions, the group's new multi-management company, take on Marc Romano as CEO following his departure from Schroders.
Romano was previously the head of Schroders New Finance Capital, the UK group’s alternative multi-management specialist based in London, and has joined Rothschild HDF IS only months after the new entity was created.
The new entity's previous CEO, Pierre Lenders, left the company in order to pursue other personal interests, according to the firm.
October: Alain Defise
Former JP Morgan bond manager Alain Defise was poached by Pictet's London-based corporate bond team in October.
'The development of our competence in emerging market corporate bonds is a pivotal milestone in the asset allocation at Pictet Asset Management,' said Sebastian Eisinger, head of Pictet's fixed income team.
Defise joined JP Morgan's London team in 2009 following a nine-year stint at Fortis Investment where he was senior portfolio manager for high yield.
November: Teresa Watkins
Citywire A-rated Teresa Watkins left the Paris-based group Comgest in November after almost a decade with the firm.
British-born Watkins ran Comgest Growth Mid Caps Europe, a €22.6 million fund which she had been managing since November 2008. She joined the French boutique back in 2003 and her departure follows that of her former co-manager on the European mid cap fund Claire Rodrigue.
A spokesperson for Comgest said Watkins had left the firm to pursue other personal interests and Eva Fornadi had been named the fund's new lead manager.
December: Vincent Steenman
French asset management giant Carmignac appointed long/short equity specialist Vincent Steenman in December as it positions its management team to cater for Maxime Carmignac’s forthcoming maternity leave.
Steenman joins from Zadig Asset Management and will take over the lead role on the Carmignac Market Neutral fund from January 2013. He will also serve on its alternative strategies team.
This move is designed to bolster the portfolio management ahead of Maxime Carmignac – daughter of company founder and veteran investor Edouard Carmignac – going on maternity leave.