CITY MOVES | WHO’S SWITCHING JOBS

PricewaterhouseCoopers
PwC has appointed a new technology leader in the UK: Jass Sarai. He will be replacing Barry Murphy, who has been the company’s technology leader in Britain for the last two years. Sarai has worked on the technology sector for the last decade, having joined PwC straight from university, and will now be responsible for leading the analysis of new opportunities in the sector for the company’s clients. He has worked in Birmingham, the US and now London.

RBC Capital Markets
The corporate and investment banking arm of the Royal Bank of Canada has made a new appointment, hiring Carlo Mareels as a director and senior financials credit analyst in its European credit research team. He will report to Roger Appleyard and will be based on London. He joins the company with over a decade’s experience in the financials industry. Most recently, he has worked at HSBC, covering European banks and previously he worked at Morgan Stanley.

J O Hambro Capital Management
The boutique investment firm has added two new European equity fund managers, Trygve Toraasen and Carlos Moreno, ahead of the launch of its European dynamic growth fund next month. Both recruits come from Thams River Capital, where they were managing an equivalent fund focused on dynamic growth in European region. Toraasen has also worked at Fidelity for 14 years, while Moreno worked there for 15 years, rising from research analyst to fund manager.

Electra Private Equity
Electra has appointed a new non-executive director: Geoffrey Cullinan. He has previously been a director at Bain & Company from 1997 to 2005 and founded their private equity business in Europe. Cullinan has also been a chief executive of Hamleys and a non-exec of Datamonitor. He also co-founded OC&C Strategy Consultants in 1986.

National Institute of Economic and Social Research
The NIESR has appointed a new director: Jonathan Portes, currently chief economist at the Cabinet Office. He will take over on 1 February. He replaces Martin Weale, who has been appointed to the Bank of England’s Monetary Policy Committee.

Ascent Resources
The AIM-listed oil and gas firm has appointed Scott Richardson Brown as a full-time executive finance director. He replaces Simon Cunningham, who is moving to Australia.