People Moves

Executive Moves For North America - June 2010

2 July 2010

Executive Moves For North America - June 2010

There were a large number of moves in the industry last month, suggesting that the industry's revival continues apace.

Wells Fargo Private Bank bolstered its Gulf Coast practice with the appointment of Gardner Sherrill as wealth advisor.

Sherrill joined the firm from Northern Trust, where he served as wealth strategist for the past six years. In his new role, he specializes in working with high net worth individuals and families.

BNY Mellon Wealth Management added three more senior portfolio managers to its Boston regional office.

Terry Sylvester Charron, Dan Fasciano and Troy Newman are senior portfolio managers. Charron and Newman report to Michael Corcoran, senior portfolio manager, and Fasciano reports to Ed Langley, who also is a senior portfolio manager.

Charron is a 20-year veteran of the financial services business, and previously served as director of alternative investments for Mellon Private Wealth Management. Newman has 19 years of experience in the financial services industry and most recently was an investment specialist for Strategic Financial. Fasciano was most recently director of Florida’s State Treasury and responsible for all investment activities on behalf of the state’s $15 billion portfolio.

GenSpring Family Offices hired Puneet Sahi as a family investment officer - a role in which he is responsible for investment policy formation, client asset allocation/portfolio management, investment manager selection, and client portfolio reviews.

Sahi joins from US Trust Company, where he worked as a portfolio manager. He will work in the firm’s southern California office.

WP Stewart & Co, the New York based asset manager, appointed Mark Bergen as managing director - chief financial officer and chief operating officer with immediate effect.

Bergen joins from Angelo, Gordon & Co where he served as COO and CFO for the firm's AG Asset Management unit. Prior to that, he held senior roles at UBS Global Asset Management, Goldman Sachs & Co, and UBS Investment Bank.

In his new role, Bergen will also be part of WP Stewart's managing committee.

Meanwhile, Rocco Macri, the managing director – COO left the firm and Susan Leber, the managing director - CFO, will also be leaving after a short transition period of a few months.

The Florida International Bankers Association bolstered its leadership ranks with the appointment of Dario Fuentes as president of the organization.

Fuentes, a Spanish national, is the senior vice president and general manager of Caja Mediterraneo's Miami operation. He officially assumed his new position on 1 July.

BNY Mellon Asset Servicing named James Slater to the newly-created role of managing director and chief operating officer for global securities lending.

Slater was most recently the senior vice president at CIBC Mellon, a joint venture between CIBC and BNY Mellon, responsible for its global securities lending, treasury and cash management operations. In his new role, he will be directing the firm's core securities lending functions, including securities trading and product development. He will be based in Pittsburgh and report to Kathy Rulong, the executive director of global securities lending.

Claymore Securities, an investment advisory unit of Guggenheim Partners, bolstered its private client business with the addition of seven executives to its growing team.

Chris Parisi joins the firm as senior managing director and national sales manager. He previously held key roles at MainStay-New York Life Investments and BlackRock.

Stepping in as directors within the strategic relations group are Lee Personeni and Jennica Ross. Personeni, previously with Merrill Lynch, will be responsible for business development and relationship management with Bank of America-Merrill Lynch and other partner firms. Ross, from UBS, will handle the UBS-related relationships and will also be responsible for relations with counterparty firms.

Brian Carlisle, Fran Jacobs and Mark Vernon join the company as vice presidents for Ohio, Northern California and Michigan, respectively. Carlisle and Vernon are from Van Kampen, while Jacobs is from Mainstay-New York Life California and Hawaii.

Completing the list is John Browning, who was named managing director for portfolio supervision. He is also from Van Kampen Investments and will be responsible for operations at Claymore's unit trust business.

Bond fund manager Russel Matthews left Invesco’s US-based fixed income team to pursue other opportunities within the industry, a spokesperson for the firm confirmed.

Meanwhile, Mark Nash took over the $340 million Invesco Bond Fund, a Dublin-domiciled fund which Mathews managed since 2007 until his departure. 

Ohio-based Huntington Bancshares hired Todd Beekman as assistant director of investor relations.

Beekman is from Fidelity Management & Research Company, where he served as an international small cap equity strategist with a focus on opportunities in Europe, Australasia and the Far East.

City National Bank announced the appointment of Bill Podger as vice president and senior private banker for its San Francisco Private Client Services office.

Podger was most recently a director for private wealth management at Deutsche Bank National Trust Company in San Francisco. Prior to that, he was senior vice president and private client manager at The Private Bank, Bank of America, for over a decade.

In his new role, he will be responsible for a team of advisors specializing in wealth management and banking services for high net worth families, select non-profit organisations and professional services companies.

Mara Glassel and Scott Hallman were named co-managers at one of UBS’s largest New York-area offices, overseeing 95 financial advisors.

Glassel was head of national sales for UBS Wealth Management Americas, and Hallman joined UBS in 2005 from Morgan Stanley.

Glassel and Hallman are replacing Amo, who was promoted to regional manager as part of UBS Wealth Management head Robert McCann's management shake-up earlier this year.

The Hartford Financial Services Group announced the appointment of Steven Stone as regional vice president of sales in its Atlanta office.

Stone is a veteran in the insurance industry. He previously worked for Mass Mutual, where he headed the firm's Birmingham operations. Prior to that, he served in senior executive positions in Canada and the US for the Independent Order of Foresters and for New York Life.

In his new role, he will manage a team of ten account executives serving Alabama, Georgia and Florida.

Joe Scoby, the global head of alternative and quantitative investments (A&Q) at UBS Global Asset Management, retired at the end of June, after 23 years at the Swiss big bank. He was replaced by his deputy Bill Ferri.

New York-based Ferri was deputy global head of A&Q since 2009, and previously led the A&Q business on an interim basis when Scoby served as chief risk officer of UBS. He is also a member of the executive committee of UBS Global Asset Management.

First Republic Private Wealth Management, part of the San Francisco-based First Republic Bank, hired Brooks Brydges, formerly of Morgan Stanley, as an investment consultant.

At Morgan Stanley, Brydges spent 11 years as second vice president and financial advisor, working with high net worth families. Prior to this, he worked for Prudential Securities.

Conyers Dill & Pearman promoted five of its lawyers across its British Virgin Islands, Bermuda, Hong Kong and Singapore offices and corporate, litigation and insurance practices to partner status.

The promotions are for Richard Evans of Conyers’ BVI litigation department, Jeffrey Elkinson of Conyers’ Bermuda litigation department, Richard Hall of Conyers’ Hong Kong corporate department, Michael Frith of Conyers’ Bermuda insurance department, and Kung Whooi Phing of Conyers’ Singapore corporate department.

Tony Orme, the former private wealth group manager at The Bank of Hawaii in Honolulu, began a new job as senior vice president and business/market segment manager for Wells Fargo Private Bank in San Francisco.

Orme will be managing overall sales production and overseeing the comprehensive sales strategy for the region.

At The Bank of Hawaii, Orme was responsible for new business generation for the division overseeing the management of the marketing department, family wealth team, financial & estate planning group, and the private wealth advisors.

Wells Fargo Advisors added three new advisors, two from RBC Wealth Management and one from JP Morgan Chase, with combined client assets of more than $700 million.

Raymond Hayes joined the company's bank brokerage division in New York City. He joined from RBC Wealth Management, where he oversaw $325 million of client assets and generated $1.5 million in annual fees and commissions.

Edward Wilson also joined Wells Fargo's bank brokerage division in Greenwich, Connecticut. Wilson joined from JP Morgan, where he spent five years.

Wilson previously oversaw $167 million of client assets.

Lastly, Michael Sharenow joined Wells Fargo's private client group in Morristown, New Jersey. He was latterly with RBC Wealth Management, where he oversaw $235 million of client assets and generated $929,000 in annual fees and commissions.

Heidi Miller was named president of JP Morgan International yesterday by Jamie Dimon, the chief executive officer of JP Morgan Chase, as part of a management shake-up to groom an eventual successor.

Miller, who had been executive vice president for Treasury and Securities Services, will be replaced in this capacity by chief financial officer Michael Cavanagh. Doug Braunstein, head of Investment Banking Americas, will succeed Cavanagh as CFO.

Union Bank, the US bank, announced that David Pittman was hired as the managing director of The Private Bank, leading the personal trust and investment management business.

In addition to leading the personal trust and investment management business, Pittman will develop growth strategies for The Private Bank, and oversee specialized services, wealth planning, new product development, training, and fiduciary risk management. He will be based in Los Angeles, Union Bank said in a statement.

Most recently, Pittman worked at Fifth Third Bancorp in Cincinnati where he served as president of the investment advisors division for four years, which included the private bank, institutional services, retail brokerage and the family wealth office.

Capstone Advisory Group, the US firm, announced the appointment of Lisa Neimark as executive director.

Neimark was most recently the founding managing director at Neimark Capital Advisors. Prior to that, she was a senior member of the restructuring team at Macquarie Capital and served key positions at Giuliani Capital Advisors and the investment banking unit of Ernst & Young. In her new role she will be based in Capstone's Chicago office.

Hawaii-based Central Pacific Bank strengthened its credit business with the announcement of three executive hires.

Bill Wilson, the executive vice president for special credits, brings 15 years of experience in credit risk management to the company. He previously served as senior vice president for a major financial institution, where he led a specialist team responsible for tax and legal issues of troubled real estate assets.

Irene Dlugopolsky stepped in as senior vice president and director of credit risk management. She most recently served as a private contractor for KPMG clients in the US mainland.

Michael Rose was named vice president, special asset senior manager, bringing with him 17 years of experience in commercial real estate finance. He previously worked at the Maryl Group in Honolulu, where he managed commercial realty development projects and collaborated with investors and lenders for capital structuring.

Citi Private Bank appointed Stephen Lillis as a director and investment counsellor, as the Wall Street firm continues on a near-constant round of hiring for its wealth management operations. Lillis will be based in Greenwich, CT.

Lillis joins from JPMorgan Private Bank where he was a highly successful, senior investment specialist. In this role, he advised clients on customized investment portfolios covering the full range of asset classes, traditional and alternative investments, capital markets, brokerage and structured products and other derivatives.  He first joined JPMorgan in 1993.

Bessemer Trust appointed Charles Bryceland as principal and business development officer of its New York office.

Bryceland was the previously the senior managing director at Fieldpoint Private, responsible for the firm's wealth management operations. Prior to that, he was managing partner at The Bryceland Group, which provided consulting services for high net worth clients. In his new role, he will report to Eric Gies, Bessemer's Northeast region head.

Devon Baranski joined US healthcare investment bank Leerink Swann as head of wealth management.

Prior to joining Leerink Swann, Baranski spent 15 years at Merrill Lynch and most recently served as the managing director for the western region for the firm's private banking and investment group. He will be located in Leerink Swann’s new Los Angeles office and will report to Jeff Leerink, chairman and chief executive.

Ronald Macleod was named senior vice president at New York-based wealth management firm Rockefeller Financial.

Macleod is based in Santa Barbara, California where he will focus on national and west coast new business opportunities and work closely with managing director Loraine Tsavaris.

Most recently, Macleod was a managing partner of a private family investment firm in California. He was also a senior vice president of Nuveen Investments' Global Family Office Group and a senior vice president with the US Trust Family Wealth Group.

Citi Private Bank appointed former family office founder Thomas Petrone as managing director and head of capital markets for North America. His appointment represents a return to the Wall Street banking giant.

In this role, Petrone will work on capital markets solutions for ultra high net worth clients. He will be located in New York City and report to Steve Bodurtha, head of investments for North America.

Most recently, Petrone founded the Connecticut-based family office, TAP Investments, focusing on investments in fixed income, equity and derivative securities as well as private equity limited partnerships.

Equinox Capital Markets announced the appointment of Daniel Gormont as institutional sales associate, to contribute to its growing US and international operations.

Gormont joins the company from SEI, where he was regional sale associate responsible for delivering asset management solutions to bank trust departments, bank broker-dealers, independent trust firms, family offices and wealth management organizations across the country. Prior to SEI, he served multiple executive roles at Prudential Investments.

Investment manager Diamond Hill Investment Group announced the appointment of Chris Welch as co-chief investment officer.

Welch is already a chartered financial analyst for the firm and will take on the new position in addition to his present responsibilities. He shares the title with Ric Dillon, who continues to serve as the firm's chief executive officer and as co-portfolio manager for the Diamond Hill Long-Short strategy.

Stacy Devine will join Citi Private Bank’s Chicago office as a director and investment counselor, the bank announced, continuing a run of hires over recent weeks.

Devine will report to Michael Persinski, Citi’s head of investments for the eastern region.

Most recently Devine worked at Barclays Wealth. In her previous career, she was a midwest portfolio advisor at Goldman Sachs & Company and a director at Deutsche Bank Securities as a senior sell-side equity analyst for environmental and industrial service sectors.

Robert Ellis, a well-known US consultant and commentator on the wealth management industry, is moving into academia by directing the new center for business and entrepreneurship in the liberal arts at Wells College, NY.

Most recently, Ellis was a financial services strategic consultant and has an extensive background in retail sales and marketing of financial products and services

Wells unveiled its plan to add a center for business and entrepreneurship in the liberal arts earlier this spring.

RBC Wealth Management hired Charles Putney and William McCrae as senior vice presidents and financial consultants for its Portland office.

Putney and McCrae join the company from UBS and have over $500 million in assets under management between them. In their new roles, they will join with the team of Kelly Hale and Chuck Gall in providing portfolio allocation and advisory services for the firm's high net worth clients.

Maples Finance, the Cayman Island’s-based fund services firm, made a pair of senior appointments to drive forward its international growth, naming Kim Waldman and Adam Jones as business development director for the Americas and Europe respectively.

Waldman joins the firm from BNP Paribas, where she was responsible for launching and expanding the firm's institutional fund administration business in North America. In her prior career she also held business development, marketing and sales positions at UBS Global Asset Management and BNY Alternative Investment Services.

As part of her new role Waldman is charged with opening Maples’ New York office – where she will be based – and continuing to develop the firm’s presence in North and South America.

Jones was latterly director, global equity finance, EMEA for Scotia Capital in London, responsible for the sales and marketing of the firm’s prime brokerage services. Before that he worked at Dow Jones, Factiva and Reuters.

Jones will be based in London as he drives forwards Maples Finance’s expansion in Europe.

Brewer Financial Services, the broker dealer arm of independent wealth manager Brewer Investment Group, announced the addition of four new advisors to its growing team.

Joining the company are Tony Coccarelli in Richardson, Texas, Erik Wyse in Plano, Texas, David Pankiw in Hagerstown, Maryland, and John Slater in Wayne, Pennsylvania. Coccarelli and Wyse are from Ameriprise, while Pankiw and Slater join from Spire Investment Partners.

The advisors will collectively have around $100 million in assets under management and a broad client base for investments, wealth management and financial planning, the firm said.

Barclays Wealth added to its Atlanta team with the appointment of Don Milich and Clifford Wang as investment representatives.

Milich, a director, brings over 25 years of wealth management experience to the company, while Wang, a vice president, has been in the industry for 11 years. They both step in from Morgan Stanley Private Wealth Management.

Ohio-based Huntington National Bank plans to have a full-service operation in Wheeling before the close of 2010, including executive-level hires and support staff offering private banking, wealth management, brokerage, investment portfolio management and insurance, senior executive vice president Daniel Benhase has said.

Among the first to join are two Wheeling-based senior investment strategists, who will help launch a dedicated wealth management and private banking office. Vice presidents Robert Klug and Mark McKeen bring more than 40 years of combined experience to their roles as Huntington trust officers.

McKeen most recently served as first vice president and senior fiduciary officer with JP Morgan Chase; he was team leader for private wealth management for Wheeling and Steubenville.

Klug, vice president and trust officer, is also a veteran of JP Morgan Chase. He was most recently a vice president and fiduciary officer, providing estate and financial planning services and portfolio management for high net worth clients.

Citi Private Bank recruited John Edrington and Charles Davis as directors and ultra high net worth private bankers. Both men join from Deutsche Bank and will be based in Dallas.

In their new roles they will report to Mark Connally, southwest regional executive for Citi Private Bank.

Davis was a director and client advisor at Deutsche. Prior to joining Deutsche Bank in 2008, he spent nearly 20 years with Merrill Lynch Global Markets and Investment Banking.

Edrington was also a director and client advisor at Deutsche, working at the German bank since 2004.

First Michigan Bancorp added to its board of directors in a bid to increase its coverage of the high net worth segment.

Gary Collins, the chairman and chief executive officer of Lake Shore Wisconsin Corporation, joins the company as a board director with immediate effect. Collins has almost 30 years of experience in the banking industry, having held senior commercial lending and management leadership positions with Oak Park Trust and Savings, now JP Morgan Chase, and First Colonial Bankshares, now US Bank.

International Asset Management, the London-headquartered fund of hedge funds investment manager, appointed Nan Mead as vice president of client development.

In his new role, which is based in New York, Mead reports to Andrew Cade, head of client development and marketing.

Citi Private Bank appointed former Wells Fargo private banker Katherine Stith to its Washington, DC office as director and law firm group private banker.  She will report to Tom Troxell, head of the southeast region for Citi Private Bank law firm group.

At Wells Fargo Stith was a vice president and private banker in the legal specialty group at that firm. Prior to joining Wells' predecessor firm, Wachovia Bank, in 2004, she was a vice president with M&T Bank in Annapolis, Maryland.

Bessemer Trust named Joshua Rosenberg as a principal of the firm’s Atlanta office.

Rosenberg’s new responsibilities include client acquisition and account management, and he reports to Katherine McMaster, managing director and senior resident officer.

Prior to joining Bessemer, Rosenberg was senior vice president and wealth strategist at GenSpring Family Offices, where he was responsible for business development activities throughout much of the Southeast and Northeast US.

Wells Fargo Private Bank appointed Mimi Ramsey as a wealth advisor. Ramsey will work with high net worth individuals and families.

First Republic Bank, the San Francisco-based provider of private banking and wealth management services, hired three senior investment professionals from LA-headquartered City National Bank to join First Republic Private Wealth Management in Los Angeles.

Pamela Bennett, managing director, worked for City National in Los Angeles for the past eight years, most recently as a senior vice president and private client advisor.

Barbara Bruser, managing director and portfolio manager, was a senior vice president and director of equities at City National.

Rod Olea, managing director and fixed income portfolio manager, was most recently a senior vice president and director of fixed income.

Citi Private Bank hired John McGuinness, formerly of US Trust, as a managing director and ultra high net worth private banker in New York.

At US Trust, a division of Bank of America, McGuinness worked with high net worth clients; prior to this he was head of sales at Family Wealth Advisors, which later became part of US Trust.

San Francisco-based Woodruff-Sawyer & Co is setting up a private client personal insurance division. The aim is to address the individual needs of executives and corporate officers.

With this comes the appointment of Diane Borden as private client executive. She will be establishing the personal insurance operation, offering a range of property and liability insurance services to high net worth executives and their families.

Borden joins Woodruff-Sawyer with 30 years of industry experience, most recently as a managing director with regional responsibilities for a large national broker.

Asset manager JHS Capital Advisors added Cheryl Smith to its team of wealth managers as it seeks to reach out to more potential clients in the country.

Smith specializes in producing retirement plan options for high net worth individuals and building asset allocation strategies from mutual fund platforms and professional money managers to assist both coporate and individual clients, the company said in a statement.

A team of Latin American wealth management specialists who together oversaw about $1.5 billion in client assets joined UBS International from Delta Bank, focusing in particular on Brazil.

Maria Ponte and Luiz dos Santos - both private bankers - and a junior assistant, have joined UBS.

The move was handled by Sheffield Haworth, the international executive search firm.

Citi Private Bank recruited three top US Trust executives for its New York office.

Heather Kirby and John Hilderbrandt join the company as managing directors, while Charles Walker steps in as senior vice president. The trio will be dubbed as ultra high net worth private bankers and will report to Leslie Bains, the interim regional executive for the Metro New York area.

Both Kirby and Hilderbrandt were managing directors at US Trust, Bank of America Private Wealth Management's New York office. Prior to that, Kirby was managing director and private banker at HSBC, while Hilderbrant was vice president and relationship manager at First Union Bank in Washington.

Walker is also from US Trust where he was the senior vice president and private client manager. His background includes being a private client relationship manager at HSBC.

Baird Private Wealth Management hired four advisors from UBS Wealth Management Americas.

Paul Westphal, John Ethington, Dan Gilipsky and Tyler Briggs joined Baird's Milwaukee office on Friday.

At UBS, the team oversaw a combined $160 million in client assets and generated $1.1 million in annual fees and commissions. Westphal was the manager of UBS's Milwaukee office.

Linda Ludwig joined Neuberger Berman as a managing director and portfolio manager for the Bolton Group within the firm’s private asset management division.

Ludwigy was previously an investment representative managing a core portfolio at Barclays Wealth. Prior to this she was a portfolio manager and managing director at US Trust Company, and before that she spent 20 years as a senior portfolio manager and team leader at Chase Manhattan.

PrivateBancorp announced the appointment of Kristine Garrett as managing director and head of The PrivateWealth Group at The PrivateBank.

Garrett joined The PrivateBank in 2009 to oversee its private banking operations after 20 years in JP Morgan. In her new role, she will be responsible for private banking, trust and custody services and investment management, including oversight of the Lodestar subsidiary. She will also be leading the company's wealth management activities.

Portfolio manager Adam Karpf and senior investment analyst Clayton Santimore joined Atlantic Trust.

Karpf, based in New York, joined senior investment manager Paul McPheeters on Atlantic Trust's Master Limited Partnership Strategy. He was previously head of MLP research and a portfolio manager for Magnetar Capital.

Santimore, based in Boston, joined Atlantic Trust as a senior investment analyst on the firm's Multi-Manager Investment Program. Most recently, he was a senior portfolio analyst at Fidelity Management and Research Company.

US Trust, Bank of America Private Wealth Management made five senior-level wealth management hires across the US as part of what the firm has said is an ongoing talent acquisition campaign.

Tom Finney joins as Baltimore market director; Jan Carmen as a private client advisor and Kevin Hilderman as a private client manager, both in San Diego; Kevin Ta as a market trust director and Ned Muskie as a private client advisor in the Washington, DC, Maryland and Virginia markets; and Susan Gumbiner as senior portfolio manager in Houston.

BNY Mellon Wealth Management added two private bankers to its Florida operations as part of its national expansion plans.

Karen Delaney joined to cover the Boca Raton market and Maggie Leon is responsible for Miami. Both report to Lisa Simington, managing director of the bank's southeast region.

Delaney was most recently vice president and lender for National City Bank in Broward County and Palm Beach. Leon came to BNY Mellon from Professional Bank, where she was senior vice president and chief lending officer.

GenSpring Family Offices hired Mark Mushkat as a senior advisor to head the firm’s efforts to expand into northern California.

Mushkat will report to Pat Soldano, president of GenSpring in Southern California. Previously, he was a managing director at Harris myCFO, and before that, he worked at Citi Private Bank.

Legg Mason announced the appointment of Laura Zimmerman as head of marketing and product for its US operations.

Zimmerman was most recently the chief strategy officer for Allstate Financial, where she served for the last 14 years.

In her new role, she will oversee the development and execution of brand and marketing strategy, and investment, and retirement solutions for the asset manager's Americas division. She will be based in Stamford, Connecticut.

Bank of America Merrill Lynch Canada named Paul Hansen - formerly of CIBC - as head of its Structured Solutions Group.

In his new role Hansen reports jointly to Lynn Patterson, president and country head of BAML Canada, and Liam O'Neil, who is based in New York as head of the firm’s Structured Solutions Group.

Boston Private Holdings picked a McKinsey & Co executive, Clayton Deutsch, to succeed Timothy Vail as chief executive and president.

Deutsche Bank Alex Brown hired John McCauley as regional executive and a managing director for Houston, Texas.

McCauley will assume responsibility for the oversight and continued growth of the Houston office and will focus on the development and cultivation of relationships within the high and ultra high net worth client segments.  

He reports to G Haig Ariyan, a managing director and head, Private Client Services Eastern Region. 

McCauley was previously UBS Financial Services’ national head of talent management for private wealth management.

Citi Private Bank announced two more hires, filling slots in San Francisco and Philadelphia.

Shane Hiller joined the San Francisco office as director and private banker, reporting to Lisa Roberts, head of Citi Private Bank in Northern California.

Hiller was previously a senior vice president and financial advisor for Morgan Stanley Private Wealth Management in San Francisco. 

In Philadelphia, Mark Peters will be a director and private banker, reporting to Paul Hubert, eastern regional executive for Citi Private Bank.

Peters previously was senior vice president and wealth advisor at Wells Fargo Private Bank in Philadelphia.

Newton, the global asset management subsidiary of The Bank of New York Mellon Corporation, announced the hiring of Chris Henkel for its Newton Capital Management unit in Canada and the US.

Henkel is the former founding partner of Thomas Weisel Partners. He joins Newton to head up the West Coast area, focusing on client service, consultant relations and business development. He will report directly to Ciaran Spillane, the head of North American business.

Harris, the financial services organization, announced the appointment of David Mika as Northwest Indiana regional president.

Mika joins the company from JP Morgan Chase, where he was most recently the regional manager of national development.

In his new capacity, he will be responsible for the management, development and execution of retail banking strategies and services at Harris's 19 branches in Northwest Indiana.

Ted Cecala, the chairman and chief executive of Wilmington Trust Corporation, decided to retire after 31 years with the company.

Cecala joined the firm in 1979 as controller and was elected chairman and CEO in 1996. He will remain chairman until 19 July to ensure a smooth transition.

Donald Foley, currently director at the company, was appointed to take over Cecala's duties with immediate effect. Foley joined the board of directors in July 2006 and served as chairman of the audit committee for over three years.

First Republic Bank appointed Chuck Collopy as senior relationship manager at its Portland office.

Collopy previously worked for Key Bank as vice president and relationship manager. Prior to that, he was vice president and regional private banking manager at Wells Fargo Bank.

In his new role, he will be responsible for managing relationships with high net worth individuals, families, businesses and foundations.

Steve Houston, managing director at Barclays Wealth, was appointed as head of wealth management, Americas.

Houston takes over from Jack Petersen, who will become an investment representative in the firm's New York office. In his new role, he will be responsible for building Barclays Wealth's high net worth client business in the region, as well as managing and expanding its existing investment representative network.

John Straus, former head of UBS Private Wealth Management in the US, is leaving the bank altogether.

Straus led the unit from 2006 until February 2010, when he was replaced by the division's former northeast regional manager Jason Chandler and given a newly-created position heading strategic client relationships.

The date of his departure was not stated.

David Lansky, a specialist in the psychology and family dynamics of multi-generational wealth, joined the Family Business Consulting Group as a principal.

Based in Highland Park, Illinois, Lansky is an advisor to family enterprises throughout the US. His clients range from family offices and private trust companies to Fortune 500 firms with the third or fourth generation of the family at the helm.

Citi Private Bank added two new private bankers to its San Francisco office.

Mark Immel joins the branch as managing director, while Sandra Penner steps in as director. Immel was most recently senior vice president and private client advisor at US Trust, Bank of America Private Wealth Management. Penner also joins from US Trust, where she was senior vice president and private client manager.

France’s BNP Paribas Investment Partners said that Martin Fridson is joining BNP Paribas Asset Management, its US-registered investment advisor, as global credit strategist within its global credit investment team. 

Fridson was latterly chief executive of Fridson Investment Advisors, a fundamental, research-driven US-registered investment advisory firm, BNP Paribas said.

Fridson will be based in New York. He joins a team comprising all 22 credit analysts of BNP Paribas Investment Partners.

HighTower’s New York office added two key portfolio managers, Pamela Rosenau and Dennis Paul, from UBS.

Rosenau was previously a portfolio manager at UBS and was named as one of Barron's Top 100 Women Financial Advisors. Paul also worked at UBS, specializing in fixed income portfolio management strategies.

Barclays Wealth announced the addition of two new investment representatives to its Los Angeles office.

Dana Jacobs, who joins the company from HSBC Private Bank, was named managing director and investment representative. He is accompanied by Alan Vorwald, who was named director and investment representative. Vorwald also comes from HSBC Private Bank.

The Private Bank of California added William Upchurch as a senior vice president and relationship manager in its Los Angeles headquarters.

The bank is a boutique offering services to high net worth individuals, their advisors and their business, personal and community interests primarily on the Westside of Los Angeles.

UBS Wealth Management Americas hired four advisors from Merrill Lynch/Bank of America to join its Jacksonville, Florida, office.

Team members Christopher Neri, Kevin Pacciano and Gary Harden previously oversaw a combined $285 million in client assets and generated $1.4 million in annual fees and commissions.

Harden was a 37-year veteran of Merrill Lynch, according to FINRA filings. Neri spent 16 years and Pacciano spent 10 years at the company, according to the regulator.

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