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CITY MOVES WHO'S SWITCHING JOBS

<strong>Deloitte</strong><br />The business advisory firm has appointed Annette Olesen as an insurance partner.<br /><br />Olesen has previously led key aspects of the Solvency II debate throughout Europe in her role as chair of the actuarial profession&rsquo;s Pillar 1 Solvency II working group, and has provided input directly to the European Union&rsquo;s Committee of European Insurance and Occupational Pensions Supervisors.<br /><br />She joins from rival PricewaterhouseCoopers.<br /><br /><strong>State Street Global Markets</strong><br />State Street&rsquo;s investment research and trading arm has hired Rick Boomgaardt as its new head of transition management for Europe, reporting to Edward Pennings, head of the EMEA portfolio solutions group.<br /><br />Boomgaardt formerly founded the transition management business at Credit Suisse. He has also worked for Goldman Sachs, managing transitions for a wide range of institutional clients.<br /><br /><strong>Travers Smith</strong><br />Andrew Lilley has been elected to succeed Chris Carroll as managing partner of the law firm at the end of the year.<br /><br />Lilley is currently head of employment at the firm and has served for five years on the management committee. His appointment will be for an initial term of three years.<br /><br />Carroll steps down after nine years in the role.<br /><br /><strong>Global M&amp;A<br /></strong>The investment banking partnership has appointed Allison Dent, the co-founder and managing partner of its Canadian partner firm Synergis Capital, as its first chief executive officer.<br /><br />The partnership consists of 40 top mid-market financial advisory firms focusing on cross-border transactions with values between &curren;10m and &curren;250m (&pound;8.7m &ndash; &pound;217.5m).<br /><br /><strong>Wellcome Trust</strong><br />The charity, which has an asset base of &pound;12.2bn, has appointed Tim Johnston as head of execution and implementation in its investment division.<br /><br />Johnston previously worked for eight years at Goldman Sachs, both as a UK equity trader and subsequently as head of automated execution strategies. He then spent over five years at Modal Capital, part of Credit Suisse, as a portfolio manager in the event-driven trading group, and most recently occupied the same role at Citadel Investment Group.<br /><br /><strong>FirstCity</strong><br />The insurance and reinsurance advisory firm has hired David Hawkins as a business development partner.<br /><br />Hawkins has over 25 years experience in the insurance industry and previously held a number of senior positions at Willis, including chairman and chief executive of Willis Corporate and managing principal of Willis Risk Solutions.