Jon Gray appointed Blackstone president
Jon Gray © Bloomberg

• Blackstone has appointed Jon Gray as president and chief operating officer, positioning him as the most likely successor to Steve Schwarzman, the billionaire co founder of the $430bn US-listed private equity group. Mr Gray, the long-time head of Blackstone’s real estate arm, replaces Tony James who will become executive vice-chairman. Ken Caplan and Kathleen McCarthy step into the role vacated by Mr Gray as global co-heads of real estate.

• Brian Conroy, the president of Fidelity International, is to return from the £234bn Bermuda-based asset manager to an unspecified new role at sister US company Fidelity Investments. Simon Haslam, the chief financial officer, will act as interim president. Romain Boscher has joined Fidelity International as global chief investment officer for equities. He previously worked in a similar role for Amundi, the French asset manager.

Romain Boscher, Global Chief Investment Officer (CIO) for Equities at Romain Boscher, Global Chief Investment Officer (CIO) for Equities at Fidelity International
Romain Boscher

• UBI Pramerica, the €58.9bn Italian asset manager, has hired Fabrizio Fiorini as chief investment officer. Mr Fiorini previously worked for Aletti Gestielle, which was acquired by Anima, another Italian investment group, at the end of last year.

• Nuveen, the $970bn global investment manager, is expanding its pensions business with four new hires. Jeff Eng joins as managing director responsible for retirement solutions from AllianceBernstein. Peter Whitman takes the role as managing director responsible for defined contribution investment only (DCIO) strategic accounts. He previously worked for Putnam. Greg Koleno and James Polito have both joined Nuveen’s DCIO sales team after moving from American Century and BNY Mellon respectively.

Jeff Eng, managing director responsible for retirement solutions at Nuveen, the US asset manager
Jeff Eng

• BT Investment Management has appointed Richard Brandweiner as chief executive of its Australian business. He succeeds Michael Bargholz who will retire in July. Mr Brandweiner has worked in the past for First State Super, the Australian pension fund.

• Queensland Investment Corporation (QIC), the A$84bn Australian asset manager, has hired Allison Hill as director of investments in its multi-asset division. Ms Hill previously served as chief executive of DMP Asset Management, a Melbourne-based boutique.

Allison Hill of Australia's QIC
Alison Hill

• Jupiter, the £50bn UK fund house, has poached the veteran Talib Sheikh from JPMorgan Asset Management. After 20 years as a JPMAM portfolio manager, Mr Sheikh will join Jupiter in June as head of multi-asset strategy.

• Joshua Ausden has moved to the marketing team & client service team at Somerset Capital, the $9.6bn emerging markets specialist. He joins from Neptune IM.

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