Snapshot of notable global financial services CEO moves and appointments 90% of CEOs are changing how they use technology to deliver on wider stakeholder expectations, according to a recent study by PwC. Current CEO moves would indicate that there appears to be a shift in generation, with a younger crop of CEOs taking over, which may also coincide with the increased importance placed upon technology and digital transformation. Other observations of note include a greater number of CEO appointments from internal sources, and when external appointments have been made, there have been an increasing January 2016 - April 2016 number from unrelated industry sectors. CEO Moves Page 1/3 Next update due: 19/9/2016 Arbuthnot Latham Mutual Bank, FleetBoston and First Data. Start at Commerzbank. Zielke is promoted from his Date: June 2016 role on the Board of Managing Directors as Ian Arthur Henderson is appointed / promoted responsible for the Business Segment Private to CEO Arbuthnot Latham. Previously he was Barclaycard Customers. Former roles at the bank include CEO Personal Lending & Mortgages for Secure Amer Sajed is appointed/promoted Group Manager Corporate Banking and Group Trust Bank, the Arbuthnot Banking Group owned permanently to CEO Barclaycard, succeeding Manager Retail Banking preceding those with a retail and commercial bank. He has also Val Keating who left in May 2015. Having joined host of appointments at Deutsche Bank. This previously served as CEO Kensington Group, Barclaycard from Citi in 2006, he had been put promotion has perpetuated changes on the CEO Shawbrook Bank and had senior roles at in charge of Barclaycard on an interim basis. board across compliance, HR and legal. Start both Barclays and RBS. Start date: May 2016 Amer’s permanent appointment follows the date: May 2016 AXA Group appointment of Brian Cole, former CEO of Credit Suisse Capital One UK, as CEO Barclaycard UK, who Thomas Buberl, CEO AXA Germany, AXA Global will report into him. Start Date: April 2016 Bruno Angles is appointed as CEO for France Life & Savings and Health, is appointed CEO of and Belgium for Credit Suisse based in Paris, AXA Group, and will be taking over the CEO BLME taking over from Pierre Fleuriot who was in the role from retiring Chairman and CEO of AXA Jabra Ghandour is appointed CEO BLME, role for six years. 51 year old Bruno was formerly Group, Henri de Castries, whose role will be split succeeding Michael Williams who was at Macquarie. Start date: April 2016 in two. Thomas relocates from Cologne to Paris. appointed on an interim basis in May 2015 after Denis Duverne, currently deputy CEO, will take the resignation of long-serving former CEO on the Chairmanship from Henri. Up until Humphrey Percy. Michael will return to his role September 2016, Thomas will serve as deputy as Non-Executive Director. Jabra has more than CEO. Start date: September 2016 30 years’ experience in private, corporate and Bank of the West retail banking, across the Gulf, and most recently served as MD and Board Member of Nandita Bakshi joins Bank of the West, a unit of the International Bank of Qatar, representing French banking giant BNP Paribas, as President National Bank of Kuwait Group. Start date: and CEO. She replaces Michael Shepherd who March 2016 takes on the role of Chairman BNP Paribas USA. She joins from TD Bank where she was Head of Commerzbank the Consumer Bank and over the course of her Martin Zielke succeeds Martin Blessing as career has held senior posts at Washington Chairman of the Board of Managing Directors Leathwaite: London | Zürich | Hong Kong | New York Twitter @L3athwaite www.leathwaite.com CEO Moves Page 2/3 Next update due: 19/9/2016 Danske Bank date: June 2016 of Natixis Asset Management, following his resignation. Jean-Francois served as Interim CEO Tonny Thierry Andersen is the new head of Investment Association until Matthieu’s appointment. Matthieu started Danske Bank’s new Wealth Management unit Chris Cummings, CEO of TheCityUK joins the his career at Goldman Sachs and has worked at (including Danica Pension, Danske Capital and Investment Association as its new CEO. Chris was Newton IM and latterly was COO at Quilter Private Banking). He has been head of the also formerly Director General of the Association Cheviot IM. He will look to accelerate the bank’s Personal Banking unit since 2012. He of Independent Financial Advisers (Aifa). He growth of Natixis Asset Management and its undertakes a dual role until a replacement can succeeds Daniel Godfrey who left in October integration with Natixis Global Asset be found for his former position. He has been at 2015 and Guy Sears who has been serving as Management’s multi-affiliate business model. Danske Bank for over 15 years and has held Interim CEO. Start date: September 2016 Start date: April 2016 various positions including CFO. Start date: April 2016 M&G Investments Alain Gallois is appointed CEO of Natixis’ corporate and investment banking business in Generali Anne Richards, former CIO at Aberdeen Asset Management, joins M&G Investments, the asset the Asia-Pacific region. Alain, who relocates to Gian Maria Mossa is promoted and replaces management arm of Prudential, as CEO. She Hong Kong, replaces Francois Riahi who has Piermario Motta as CEO after the latter’s replaces Michael McLintock, who retires after been named co-head of CIB, in charge of unfortunate passing. Gian has been with the just shy of 20 years in the role. Anne has also held financing and global markets. Serge Ekue, Head bank for nearly three years and has formerly roles at JPMorgan, Mercury Asset Management of Global Markets in Asia leads the region until held senior marketing roles at Banca Fideuram and Edinburgh Fund Managers. Start date: June Alain arrives. Start date: July 2016 and functional leadership roles at Allianz. The 2016 promotion has precipitated the appointment of Generali Italy’s Head of HR, Giovanni Luca Munich Re Perrin, to Non-Executive for Banca Generali/ Joachim Wenning, current Head of Life and HR Start date: April 2016 at Munich Re, has been appointed as the new ING CEO for Munich Re. Current CEO Nikolaus von Bomhard has agreed to step down from the role Uday Sareen, President of the Operating in April 2017, when the AGM is held. Start date: Management Committee at Kotak Mahindra May 2017 Bank in India joins ING Direct as CEO Australia, succeeding Vaughan Richtor who retires. Sareen Natixis is ex ING Vysya Bank, ex Citi, ex ING DiBa. Start Matthieu Duncan succeeds Pascal Voisin as CEO Leathwaite: London | Zürich | Hong Kong | New York Twitter @L3athwaite www.leathwaite.com CEO Moves Page 3/3 Next update due: 19/9/2016 Platform Securities relocates from Singapore to London. Michael Thomas Miller Investment Morley steps down from the role. Start date: Nigel Reynolds is appointed / promoted to CEO Hugh Titcomb joins Thomas Miller Investment as March 2016 Platform Securities, the FIS owned provider of CEO. Hugh was formerly Brown Shipley’s Head of value-added outsourced clearing and Schroders Private Banking. Hugh has also worked as Vice settlement services. This follows the appointment Chairman and Group CEO of Sanlam Private Peter Harrison becomes new CEO of Schroders, of former CEO Jason Robinson to a new role Investments UK. Hugh succeeds Mike Balfour formerly he was the business’s Head of within the FIS Group as Chief Risk Officer FIS who resigned in November 2015. Start date: Investment. He takes over from Michael Dobson, Wealth and Retirement. Nigel has previously January 2016 who has been at the helm for 14 years, who worked for businesses including OMX Securities, takes on the role of Chairman, replacing Zurich Insurance Hargreaves Lansdown and Charles Schwab. Andrew Beeson. Start date: April 2016 Start date: April 2016 Mario Greco, former CEO GI for Zurich Insurance, Société Générale returns to the business from his erstwhile role as Prudential CEO at Generali, to lead Zurich since the Olivier Lecler is appointed (via promotion from John Foley, interim UK & Europe CEO of departure of Martin Senn in December 2015. He Deputy CEO) as CEO of Société Générale Prudential, is appointed to the role on a succeeds Tom de Swaan who has held the role Private Banking, succeeding Yves Thieffy. Yves permanent basis. He had been undertaking the on an interim basis. Start date: May 2016 becomes Chairman of the Board of SGBPS, role on a temporary basis since the departure of replacing former Chairman Guillaume Lejoindre Jackie Hunt, former UK & Europe CEO, in who has decided to pursue other opportunities October 2015. John has been with Prudential for outside of the Société Générale group. Start over 15 years and has been CRO and Group date: March 2016 Investment Director previously. Start date: January 2016 Stonehage Fleming RBS Graham Wainer joins Stonehage Fleming as CEO and Head of Investments based in London. Peter Flavel, former CEO of JPMorgan Wealth in Formerly head of multi asset class investments for Asia, joins RBS as CEO of Private Banking, in GAM, he joins the business reporting into Anton charge of Coutts and Adam & Company. He Sternberg, Head of Investments. Start date: April joins from JPMorgan where he was CEO of the 2016 Private Wealth Management business in Asia. He was also formerly with Standard Chartered and Leathwaite: London | Zürich | Hong Kong | New York Twitter @L3athwaite www.leathwaite.com .