Money Management

Investec adds managing director of European client group

Richard Haxe was named managing director of Investec Asset Management's European client group, a spokeswoman said.

The position is new. Mr. Haxe is responsible for business development, client management and investor engagement across Europe.

"His wealth of expertise, insight and relationships will contribute to our efforts to develop our adviser and institutional relationships as we further expand our presence on the ground, and are entrusted with the assets of the region's most established investors," John Green, global head of client group, said in a news release.

Mr. Haxe was previously head of relationship group for Europe, the Middle East and Africa at Wellington Management. A spokeswoman could not be reached by press time to comment about a replacement.

Investec has $146 billion in assets under management.