CITY MOVES | WHO’S SWITCHING JOBS

Threadneedle
The investment manager has appointed Vanessa Donegan, a founding member of its investment team, as head of Asia and global emerging markets.

Donegan has 30 years of experience in fund management, including her most recent role as Threadneedle’s head of Asia Pacific equities. She will now be responsible for overseeing the management of £6.5bn of assets under management – over a tenth of the firm’s total pool.

UBS
The Swiss bank has appointed Paul Raphael as head of wealth management for the emerging markets.

Raphael, who will also be a member of the UBS Wealth Management executive committee, has spent his 25-year career at Salomon Brothers, Merrill Lynch and Credit Suisse, where he stepped down last year as head of investment banking for the Asia Pacific region.

Deutsche Bank
The bank has hired Sébastien Avot as a director in its distribution and emerging market loan trading team, which sits within the structured trade and export finance division of global transaction banking.

Avot, who will be based in London, will focus on distributing syndicated unsecured and structured loans for global borrowers into the EMEA region.

He joins from BNP Paribas, where he was most recently responsible for selling loans in France, Russia, CIS and Turkey.

Begbies Traynor
The professional services consultancy firm has hired Christopher Clayton to its London pensions advisory team as a partner.

Clayton joins from Close Brothers Corporate Finance, where he was a managing director and head of the pensions advisory group. Prior to that, he was director of the pensions group and corporate finance at Grant Thornton, responsible for M&A and corporate covenant reviews.

Rabobank
Matthew Carr has joined the bank as head of exchange traded funds (ETF) marketing in its global financial markets division. Carr has been hired to develop Rabobank’s ETF platform as part of its participation in the ETF Exchange. He previously worked at BNP Paribas, where he was responsible for European sales and marketing of the bank’s ETF product.