Today’s City Moves includes Investec, FSMB and Smiths Group.
Investec Corporate and Investment Banking has announced the appointment of Ajeeth Narayan as global head of Investec Aviation Finance. Mike Francis will be executive lead of the Aviation Finance franchise, and Celia Britt will become chief operating officer. Ajeeth and Mike were two of the four founders of the Investec Aviation Finance franchise in 2002, and have been with Investec ever since. Celia joined Investec in 2005, and most recently managed the aviation portfolio. Investec Aviation Finance has grown to $6bn (£4.8bn) of aircraft assets under management and in 2018 launched a new aircraft leasing equity fund. Investec has also pioneered the aviation debt fund product, attracting over $1.2bn of investment from third party financial institutions including pensions and insurance companies.
The FICC Markets Standards Board (FMSB) has announced the appointment of Martin Pluves as its new chief executive officer. Martin joins FMSB from LCH Group, where he was CEO since 2015. During his tenure there, the company has delivered record growth in revenues and volumes across its clearing services, including at Swapclear, the largest OTC rates liquidity pool. Martin’s responsibilities included operations in London as well as in Australia, Japan and North America. Before joining LCH, Martin spent 14 years at PA Consulting where he was elected a partner in the financial services practice and was a member of the management group.
Pam Cheng has been appointed an independent non-executive director at Smiths Group, which will take effect from 1 March 2020. On joining the board, Pam will become a member of the nomination & governance, audit & risk, and remuneration committees. Pam joined Astrazeneca in June 2015 after having spent 18 years in global manufacturing, supply chain and commercial roles at Merck/MSD. Before that she was president of MSD China. She was the head of global supply chain management & logistics for Merck from 2006 to 2011 and led the transformation of Merck supply chains across the global supply network. Prior to joining Merck, she held various engineering and project management positions at Universal Oil Products, Union Carbide Corporation and GAF Chemicals. Pam is also an independent non-executive director of the US listed company Codexis. She holds bachelor’s and master’s degrees in chemical engineering from Stevens Institute of Technology in New Jersey and an MBA in marketing from Pace University in New York.
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