The Treasury is making five new appointments to its asset management taskforce as big names including LGIM's CEO Mark Zinkula and Jupiter's chief executive Maarten Slendebroek leave the group as a result of stepping down from their roles, according to reports.
The taskforce, which was set up in 2017 to discuss important issues such as Brexit, will see the addition of five new names while a number of executives are stepping down, according to FTfm.
The new faces joining the group are Patrick Thomson, head of JPMorgan Asset Management's EMEA business; Michelle Scrimgeour, Columbia Threadneedle's EMEA head; Cuan Coulter, EMEA chief for State Street; Caroline Connellan, group chief executive at Brooks Macdonald; and Helen Dean, who heads up workplace pension scheme NEST.
Meanwhile, FTfm reports that LGIM will lose its representation at the table as Zinkula leaves with no successor appointed as yet.
Jupiter's Slendebroek is also stepping down as he passes the reins to Andrew Formica next month, while Royal London Asset Management's Andrew Carter and Premier Asset Management's Mike O'Shea are also set to step back.
Another name leaving the taskforce is Andrew Warwick-Thompson, who is set to leave LGPS Central.
The taskforce has met a number of times since its formation, most recently to discuss how to protect the sector from the impact of Brexit.
It has representation from the Investment Association as a whole with its CEO Chris Cummings and chairman Peter Harrison, also CEO of Schroders, sitting on the team.
Other names include Rachel Lord, who heads up EMEA at BlackRock; Sean Hagerty, head of Europe for Vanguard; Keith Skeoch, co-CEO of Standard Life Aberdeen; Anne Richards, Fidelity International chief executive; and Catherine Howarth, CEO of ShareAction, the responsible investment campaign group.
The Financial Conduct Authority is represented by Megan Butler and Chris Woolard.
