State Street Global Advisors has appointed Ronald O’Hanley (pictured) as president and chief executive. He will succeed Scott Powers who is retiring later this year after leading the $2.5tn investment management arm of State Street since 2008. Mr O’Hanley stepped down as the head of asset management at Fidelity Investments in February 2014.

Rothschild Asset Management has appointed Michael Woods as chief executive of the $5.6bn US asset management arm of the Rothschild Group. Mr Woods joins from Deutsche Asset & Wealth Management where he had a twin role as Americas head of distribution and chief executive of DWS Investments, the US mutual fund arm of DeAWM. He replaces Thomas Radey Johnson who left in December.

Andy Lin has resigned unexpectedly as chief executive of China Universal Asset Management, the $37bn Shanghai-based fund manager that he co-founded in 2004. Mr Lin plans to set up his own private fund.

Derek Chow is off to San Francisco to become head of US intermediary distribution for Matthews Asia. Mr Chow previously worked at Voya Investment Management (formerly ING Investment Management in the US).

Felice Shiroma has moved from Charles Schwab to TCW in New York. She will take on a role as a senior portfolio specialist and client portfolio manager for the $175bn asset manager.

Edmund Chong has moved from HSBC Global Asset Management to Baring Asset Management to become head of sales for Asia ex-Japan.

Florian Uleer is joining Columbia Threadneedle Investments as country head for Germany at the $506bn global asset manager. Mr Uleer will start in July after moving from Schroders.

Jennifer Walmsley is to move to the Financial Reporting Council (FRC) as director of investor engagement for the UK watchdog responsible for promoting high-quality corporate governance. Ms Walmsley will join in June from Hermes Investment Management.

Principal Global Investors, the $331bn asset manager, has hired Helly Pilavachi as director of European fund distribution, based in London. Ms Pilavachi joined in January from JO Hambro Capital, where she was director of European sales.

Mina Mutafchieva has moved to Palamon, the private equity partnership, as an associate principal from McKinsey, the consultancy.

Two hires for the sales team at Carmignac Gestion, the Paris-based fund group. Sebastian Haimerl will look after clients in Bavaria and Austria after moving from Baring Asset Management, while Ingo Boxleitner will take on responsibility for clients in eastern and northern Germany from May. He will join from Attrax, a Luxembourg-based fund services provider.

Franklin Templeton, the $894bn global asset manager, has hired Mats Eltoft as sales director for the Nordic region. Mr Eltoft previously worked for Aberdeen Asset Management.

Reto Eisenhut has moved to Allianz Global Investors as a senior sales executive for its Swiss business. Mr Eisenhut joins from Credit Suisse Asset Management.

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