CITY MOVES | WHO’S SWITCHING JOBS

London Stock Exchange
The exchange has named Paolo Scaroni (pictured), the chief executive of Italian oil and gas group Eni and one of its non-executive directors, as its new deputy chairman.

The LSE also said Massimo Tononi has joined the board as a non-executive director. Tononi was a partner at Goldman Sachs until July this year and, between 2006 and 2008, was Treasury undersecretary at the Italian Ministry of Economy and Finance in Rome.

GAM
The investment management firm has hired Andrew Jenkins as a portfolio director in its UK private client team.

Jenkins joins from Barclays Wealth, where he spent the past three years, latterly as a director. He was previously head of investments for the Americas at Ansbacher in the Cayman Islands.

Drax Group
The power group has taken on Tim Cobbold, the former chief executive of Chloride Group, as a non-executive director.

Following Emerson Electric’s $1.5bn takeover of Chloride earlier this year, Cobbold now holds responsibility for the Chloride group of companies within Emerson.

Arbuthnot Securities
The bank has appointed Adam Lloyd as its new director of corporate broking. Lloyd joins from Evolution and has also worked at Albert E Sharp, James Capel, Merrill Lynch and Durlacher.

Arbuthnot has also hired Andrew Kitchingman from Brewin Dolphin as a director in corporate finance and Emma Harrison from Altium as an investor relations manager.

Collins Stewart
The bank’s wealth management arm has hired Murray Montgomery as head of business development in the Channel Islands. Murray joins from Kleinwort Benson, where he spent the past 13 years as head of business development, head of product development and a senior private banker.

Equatorial Palm Oil
The Aim-listed sustainable oil palm plantation group has appointed Shankar Varadharajan, a representative of its strategic partner the Siva Group, as a non-executive director.

Varadharajan, 36, has over 13 years of experience in management positions at Motorola and the Tata Group.