CITY MOVES | WHO’S SWITCHING JOBS

Pensions First
PensionsFirst Group has appointed David Norgrove, who was chairman of The Pensions Regulator from January 2005 until December 2010, as chairman. Norgrove is currently chairman of the Low Pay Commission and the Family Justice Review Panel and deputy chairman of the British Museum. Prior to this, he spent 16 years with Marks & Spencer. He began his career as an economist at the Treasury before becoming private secretary to the then prime minister, Margaret Thatcher.

Towers Watson
The professional services firm has appointed Paul Morris as regional leader for EMA, replacing Babloo Ramamurthy who is retiring after 34 years at the company. Morris, who joined Towers Watson in 1988, will take up his new post on 1 September. For the past six years Paul has been the office leader for the Reigate office, which is one of Towers Watson's largest offices globally. Ramamurthy has held his current position since 2004, and recently oversaw the EMEA aspects of the merger with Towers Perrin.

Rothschild
The financial advisory group has hired Matthew Sperling as a managing director and head of equity advisory for North America. Sperling, who joins from Jefferies, will contribute to independent advice given to issuers and their shareholders during IPOs and other equity offerings. Sperling has lead managed more than $25bn of equity-linked transactions during his career, has also worked for UBS and Credit Suisse.

Vontobel
The asset manager has hired Sheridan Bowers as director of its UK and Ireland business. Bowers joins from Hermes Fund Managers, where he spent seven years as an associate director, and has previously held similar roles at Fidelity and Threadneedle. He will be based in London and have responsibility for developing Vontobel’s presence in the UK, with a particular emphasis on developing relationships with pension funds and consultants.

Kleinwort Benson
The investment bank has hired two senior private bankers, Jeremy Brown and Stephen Campbell, from rival Schroders. Previously, Brown was head of Schroders' core advisory management business in London. Campbell joined Schroders in 2005 and was most recently a client director.

BNP Paribas
Martin Egan has been promoted as head of fixed income, UK. Egan joined BNP Paribas in 2001 as global head of debt syndicate and was later promoted as global head of primary markets and securitisation.