Redwheel has poached another hire from Abrdn to become its new head of business development.
Jane Nicholls (pictured) takes over the role from Tord Stallvik, who stepped up to become CEO in 2021 following the departure of Dan Mannix.
Based in Redwheel’s London office, she will help accelerate its strategic business plans and sit on the executive committee alongside Stallvik.
Nicholls has spent the past four years at Abrdn, most recently as its global head of ESG client strategy.
She is the latest recruit from Abrdn, which was recently ejected from the FTSE 100, to defect to Redwheel, with Stephanie Kelly joining as head of thematic sustainability research in May.
Stallvik said Nicholls has “a unique understanding of the asset management industry” and “a proven track record of building leading businesses”.
Prior to Abrdn, she was head of client solutions and business development at JP Morgan Asset Management and was a senior consultant at Australian-based Crestone Wealth Management, which was acquired by LGT in December 2021.
Stallvik continued: “She [Nicholls] shares our commitment to putting the client at the heart of strategy and solutions and brings a solid understanding of how sustainable investing is reshaping client needs. I look forward to working with Jane to accelerate the growth of our global business footprint and to enhance and broaden our investment solutions to clients.”
At the top of this year, Redwheel rebranded from RWC Partners to prep for the next phase of its development. At the end of June, it had $20.4bn (£17.5bn) in client assets, down from $23.9bn in January.
In addition to the Abrdn recruits, it has also hired Somerset Capital Management’s ESG boss Olivia Seddon-Daines and M&G Investments’ Sunita Patel as head of marketing.
