People Moves

Executive Moves - December 2010

5 January 2011

Executive Moves - December 2010

December last year remained busy although there was a slight tailing off in the pace of movement as the end of 2010 approached.


Crédit Agricole appointed Alain Massiera as its new head of private banking. Massiera was previously deputy chief executive of Crédit Agricole’s corporate and investment banking arm. Prior to this role he was CEO of Crédit Agricole Indosuez (Switzerland). Meanwhile Christian Duvillet retired from his position as CEO of Crédit Lyonnais. Duvillet was replaced by Yves Nanquette, formerly CEO of the regional bank Crédit Agricole d’Ille-et-Vilaine.

Lombard Odier appointed Eric Séheux as a senior private banker in France. He joined from the Paris-based multi-family office Massena Finance Gestion. He has also worked at Allianz Vie, UNF and HSBC France. In his new role he is to work under Nicolas Lunel, head of Lombard Odier’s French operations.

HSBC Private Bank hired former Merrill Lynch senior banker Alla Fedorova as head of Central and Eastern Europe, to be based in London. At Merrill Lynch Global Wealth Management Fedorova held the post of first vice president, investments -responsible for developing the business in Russia and CIS markets for ultra high net worth clients.

Union Bancaire Privée added four executives to its Luxembourg-based private banking operations. Stephane Haesaert was named head of business development, private banking. He was latterly head of business development for family office and ultra high net worth clients at BNP Paribas Wealth Management International for the regions of Europe, Brazil and the Gulf states.

Georges Liberman was appointed as head of wealth technology. He was latterly head of wealth planning at HSBC Luxembourg. He has worked in the financial sector for 20 years in Asia, the US, the UK and Switzerland. Charles Lamoulen joined as a senior portfolio manager, in charge of commercial offerings. He has 13 years of experience in portfolio management and investment advisory at Société Générale and UBS.

Joel Murcia joined UBP as head of markets for France. He was formerly a director at a family office. He has worked at Ernst & Young and Compagnie Générale de Banque Gonet and Bank Luxembourg during his career.

Paris-based Edmond de Rothschild Asset Management appointed Benjamin Durand to oversee sales to independent financial advisors, particularly in Paris and western France. Durand was latterly a manager at Gaspal Gestion before it became part of Group Quilvest Private Bank. He has also worked at BNP Paribas.

United Kingdom

Deutsche Bank Private Wealth Management launched a new global private markets division to manage non-traded investment products, and hired Karim Ghannam to head it up.

The new unit will manage investments such as private equity, real estate, infrastructure and highly-structured investments including direct access equity, debt and infrastructure.

Ghannam joins the bank from Argan Capital Partners, where he worked for 11 years and was latterly a partner responsible for principal investments.

Syndicate Asset Management saw the departure of its group chief executive, Jonathan Freeman, who resigned from his position at the UK group of advisory and investment firms. Meanwhile, the firm promoted Mark Cheshire as interim group CEO. He was latterly an executive director responsible for group sales and business development, a position to which he was appointed in November of last year.

Standard Bank Offshore appointed Simon Ripton - latterly of Conister Bank - to the newly-created role of head of savings products in the Isle of Man. While at Conister, Ripton was head of sales and marketing, prior to which he worked in various marketing and product development roles at Alliance & Leicester.

Smith & Williamson made two major appointments within its private client tax services department. Joss Dalrymple was named national head of PCTS, while Geoff Everett was appointed his successor as London head.

In his new role Dalrymple oversees the firm’s services focusing on landed estates, high net worth individuals, non-UK domiciled clients and its family office offering. As London head Everett will lead a 75-strong private client tax team providing tax advisory, compliance and family office services to UK- and foreign-based private clients and professional practices. 

HSBC Private Bank bolstered its Birmingham office with the addition of relationship director Cameron Farnell. Prior to being appointed to his new role, Farnell was with the bank for close to a decade, and was latterly part of its Premier team. In his new role he will be mostly focused on business development.

LV= Asset Management recruited Richard Timberlake and Paul Kim from FundQuest to head up its multi-manager team. On taking up their new roles at LV= AM, Timberlake and Kim will replace Tom Caddick, whose departure for Santander Asset Management emerged in October.

AXA Investment Managers appointed Susan Sternglass Noble as a portfolio manager, responsible for AXA Framlington’s financial equities portfolio management and research capability, in a newly-created role.

Sternglass Noble will take over the management of the AXA Framlington Financial Fund from Richard Peirson on 1 February 2011. As lead manager, Peirson manages the UK portion (which accounted for 11.3 per cent of the global portfolio as at 30 November 2010), as well as the asset allocation of the fund. He will continue with his other responsibilities as part of the UK equities team, and managing the AXA Framlington Managed Balanced Fund.

Prior to her appointment at AXA, Sternglass Noble was a portfolio manager at CQS (Global Services), specialising in global financial equities.

Four Capital Partners, the London-based equity fund management firm, hired a team of managers focused on the global equities space. The new team is led by Colin McQueen, who was appointed head of the global team, and he is joined by senior fund managers Stephen Walker and Justin Maloney.

McQueen was latterly managing director and head of global value equities at Morgan Stanley Investment Management. Walker and Maloney, meanwhile, join the firm from Morgan Stanley Investment Management and Artefact Partners respectively.

Deutsche Bank Private Wealth Management named Leonardo Casalini as the head of its Florence team while also appointing Massimo Salvadori as a senior relationship manager. Casalini is returning to the banking sector after six years as the managing director of the Massimo Ferragamo building project. Before this he worked at Morgan Stanley in both London and Milan following the Asian markets for Italian institutional clients.

In his new role Casalini will focus on the development and management of clients with over €2 million ($2.7 million) of assets who are based in Tuscany. Salvadori, meanwhile, most recently worked for the high net worth division of BNL-BNP Paribas in Florence and Rome.

Coutts & Co, part of Royal Bank of Scotland, bolstered its Exeter office with the addition of private banker James Hosking.

Hosking joined Coutts from Bank of Scotland Investment Service, where he was a client manager serving high net worth clients in southern Devon and Cornwall.

Maria Strid, head of reward and international mobility at Santander, left the bank at the end of last year.

Strid's departure was a result of a restructure of the department and she will not be replaced. Strid was with Santander UK since 2004. Details of her next role have yet to emerge.

Richard Philbin, the chief investment officer of AXA Wealth’s Architas multi-manager business, left the firm and was replaced by the former deputy CIO Caspar Rock. As well as acting as deputy under Philbin, Rock runs the multi-manager fund range. There has been no decision yet on any replacement for him as deputy CIO.

RBC Wealth Management expanded its trust offerings with the appointment of Julian Washington as director in its British Isles’ private client fiduciary services team, to be based in London.

Washington, who has 17 years of private client trust, tax and estate planning experience, joined from Forsters, where he was a partner. He also previously worked as a solicitor at Charles Russell. In his new role Washington will be responsible for business development for RBC Wealth Management’s Trust business in the London marketplace.

Merrill Lynch Wealth Management appointed Tom Wicks as a portfolio manager within its London-based Merrill Lynch Portfolio Managers team.

Wicks joined from Neos Capital, where he was a fund manager. Reporting to Simon Miles, head of MLPM, in his new role Wicks will manage high and ultra high net worth clients’ portfolios while collaborating with the wealth structuring and advisory teams.

The Standard Chartered Private Bank appointed Tim Hinton as regional head of private banking, UK and Jersey, based in London. Hinton transferred from another position with the organisation.

Hinton’s position is a newly-created one, but similar to that recently vacated by James Pountney, who was head of private banking for UK and Jersey but moved over to become head of international and private banking for Jersey. However, because Hinton is a regional head, he will have more responsibility for driving the bank’s strategy for the UK and Jersey forward. He reports to Stephen Richards Evans, head of the bank's West region, comprising India, the Middle East, Africa, Europe and Americas.

Schroders appointed BlackRock’s Nicolaas Marais as head of multi-asset solutions, with effect from March 2011. Marais, who is currently global head of active portfolio management within BlackRock’s multi-asset client solutions group, will also become a member of Schroders’ group management committee when he assumes his new role. He will report to Michael Dobson, the firm’s chief executive.

Raphaels Bank, the Buckinghamshire-based private bank, appointed Tony Wilson - latterly of Travelex - to head up its new commercial foreign exchange division.

Wilson was most recently managing director of Travelex Global Payment Solutions for Europe, having previously worked at Equifax, GE Capital Mortgage Insurance and Clydesdale Bank. In his new role Wilson is charged with spearheading Raphaels’ development as a provider of commercial FX services to private clients, corporates and small- to medium-sized enterprises

Bircham Dyson Bell, the UK-based law firm, named Helen Ratcliffe, a veteran of ten years’ standing at the firm, as its new head of private wealth. Ratcliffe replaces James Johnston, who is returning to full-time fee earning work, the firm said.

Ratcliffe first joined Bircham Dyson Bell in 2000, going on to be made partner in 2002. In the course of her work she advises UK and non-UK domiciled clients on estate and tax planning, and she is also experienced in trusts held both on and offshore.

WH Ireland’s head of wealth management, Lindsey Hamilton, left her post at the wealth manager just over a year after taking up the role and in the wake of a troubled year at the firm. Hamilton left to pursue other interests.

Union Bancaire Privée appointed Philippe Broadhead as UK head of sales in its asset management division. Broadhead was most recently at Legal & General Investment Management, where he spent eight years in senior positions including head of UK institutional distribution, head of hedge fund distribution and head of multi-manager investments.

Adam & Company, the Scottish private bank and sister firm to Coutts & Co, appointed Graham Storrie as its new managing director, coming from the firm’s parent bank, Royal Bank of Scotland.

At RBS, Storrie was formerly managing director, specialist advice, based in Edinburgh.

As part of the change, Kerry Falconer, who held the position while plans to find a permanent replacement went on, will return to her role as head of private banking. The post fell vacant when David Cathie left the post in August.

The UK investment and financial advisory firm London & Capital appointed Paola Forsberg to its advisor solutions team, as it looks to double staff numbers in this business area prior to the implementation of the Retail Distribution Review.

Forsberg joined the firm from the boutique TRI Investments, where she worked with independent financial advisors and wealth managers; she also previously worked at JP Morgan Asset Management, BlackRock and Merrill Lynch Investment Managers. In her new role she will be responsible for supporting and assisting IFAs looking to use London & Capital’s managed portfolio range.

Coutts International and the shipping division of its parent Royal Bank of Scotland appointed Elena Mavrogonatou to the newly-created role of head of shipping wealth.

Mavrogonatou's new role will focus on leveraging RBS Shipping’s presence within shipping finance to introduce Coutts’ wealth management services to those working in the industry. Based in London and reporting to Ken Saunders, managing partner, she will run an international team of bankers advising clients within the world of shipping on cross-border structures and lending, investments and taxation.

Mavrogonatou joined from Barclays Wealth, where she was a director of wealth management with overall responsibility for the Greek and Cypriot shipping and industrials markets.

Société Générale Corporate & Investment Banking and Lyxor Asset Management brought in two new chiefs to head up the new exchange-traded funds management team in Europe.

Simon Klein was appointed head of ETF for Europe. He joined from Deutsche Bank in Frankfurt where he was head of ETF and ETC sales for continental Europe.

Meanwhile, Nizam Hamid took the reins as head of ETF strategy and deputy head of ETF Europe. He joined the bank from Blackrock/BGI in London where he was head of ETF strategy for EMEA.

RBC Wealth Management added two directors to its London-based private clients team. The two new appointees to Philip Harris’ team are Jo Pickles and Ross Jennings. Pickles joined from Barclays Wealth, where she was a director, as did Jennings, who was a vice president at the firm.

DPZ Capital, a Jersey-based investment management boutique, appointed Malcolm Cunningham to its board of directors. Cunningham was appointed chief operating officer of the firm in 2008.

MPL Wealth Management, the London-based boutique, recruited Simon Weighell – latterly an investment manager at Heartwood Wealth Management – to head up a new offering which represents a “third way” between discretionary and advisory services.

In his new role Weighell will report jointly to senior investment manager Mark Kitson and joint managing director Simon Stodart.

Standard Life Investments, the fund management arm of Standard Life, appointed John Paynter and Jonathan Dawson as non-executive directors. Paynter is also a non-executive director at Jardine Lloyd Thompson. He previously spent 30 years at JP Morgan Cazenove. Dawson spent 20 years at Lazard; he is also a founding partner of Penfida Partners.

ETF Securities named Kris Walesby as its new European head of capital markets, a role in which he is charged with managing the firm’s relationships with the market-maker community with a view to improving its products.

Walesby joined the firm from iShares, the ETF business of the US asset manager BlackRock, where he held the similar role of capital markets business development officer.

HSBC Private Bank named Hossam Alsaady - latterly of NCB Capital - as head of its London-based Saudi Arabia team. Alsaady’s most recent role at NCB was that of head of strategy, based in the Saudi Arabian city of Jeddah, but he also held a number of senior positions at the firm.

In his new role Alsaady will report to Bassem Snaije, head of HSBC Private Bank’s MENA team in London, with an additional functional reporting line to Sobhi Tabbara, the bank’s Geneva-based Saudi Arabia market head.

Juan Colombas and Antonio Lorenzo, recently managers under Antonio Horta-Osorio at Santander UK, are set to join their former boss at Lloyds Banking Group, after he was recently appointed as Lloyds’ new chief executive.

Colombas will replace Carol Sergeant as new chief risk officer; she is to leave at the end of January. He will join the Lloyds Banking Group on 17 January, while also becoming a member of the group’s executive committee.

Colombas was head of the risk division at Santander, working in areas such as corporate banking, investment banking, and retail distribution.

Lorenzo will join on 1 March as director of Lloyds wealth and international division, as well as become a member of the group’s executive committee. He will report to Horta-Osorio, who is due to take over from current CEO Eric Daniels as chief executive at the end of February.

Brooks Macdonald Asset Management bolstered its Manchester office with the appointment of a new investment manager.

Andrew Wilson - who will both run private client investment portfolios and be part of BMAM’s research team - joins the firm from Brown Shipley, where he was a private client manager responsible for client relationships and research. Before this he was an investment analyst and partner at Bollin Asset Management.

The Grosvenor Estate, which encompasses all the interests of the Grosvenor family, head of which is the Duke of Westminster, appointed multi-family office chief executive Alexander Scott as a trustee, effective 1 January 2011.

Scott is chairman and CEO of Sand Aire, an independent multi-family office that focuses on a long-term approach to wealth management for clients including families, trusts and charities. He formed the company, which offers investment and family office services to several wealthy families, in 1996.

Scott is also a director of Stramongate, his family’s investment holding company, a director of the Institute for Family Business (UK) and a director and trustee of several other entities. 

Investment Solutions Consultants, a London-based firm which works with UK and global investment managers, product vendors and asset managers, recruited Paul Lumsden as a management consultant.

As well as consulting with ISC’s clients, in his new role Lumsden will be responsible for developing the firm’s brand and value proposition for the UK and international investment management community.

During his career Lumsden worked for Datastream, Eagle Investment Systems and Kurtosys.

Asia Pacific

UBS appointed Philip Kunz as managing director and regional market head of South Asia. Kunz, who has over 25 years of wealth management experience, stepped in from HSBC Private Bank, where he served as regional head of wealth management. In his new role Kunz reports to Christine Ong, the chief executive of wealth management in Singapore.

The Swiss giant also hired Gary Goh as executive director and desk head. He joined from Credit Suisse where he served as team leader and senior relationship manager. Tan Yeu Cheng was named executive director and cluster head. Cheng latterly served as senior vice president and team leader for the Singapore office of DBS Private Bank.

Yvonne Koh joined the bank as director and client advisor. She was formerly vice president of private banking for Credit Suisse Singapore. Loh Swee Sung and Wendy Toh joined as client advisors and associate directors. Sung was previously a senior assistant relationship manager at Credit Suisse, while Toh was an associate director for Singapore at DBS Private Bank.

All report to Eddie Gan, the country team head for Singapore, in their new roles.

Aberdeen Asset Management appointed Kwok Chern-Yeh as its new head of Japanese equities. Chern-Yeh joined the firm’s regional equity team in 2005. Chern-Yeh will have a three-person team in Tokyo.

Credit Suisse Private Banking appointed Bernard Fung as head of family office services in Singapore to head up its new family office hub in Asia. Before joining Credit Suisse, Fung was CEO of Innotech Advisers, the London-based single family office and investment vehicle of Lord Sainsbury of Turville.

HSBC named Geoffrey Pidgeon as Australian head of global investments to oversee the group's local wholesale wealth management unit. Pidgeon, who was head of the group’s wholesale distribution unit in its global investments business, has more than 13 years of experience in the wealth management industry, and has spent time at Macquarie and Rothschild.

Deutsche Bank appointed Asia Pacific-ex Japan chief executive Robert Rankin to its group executive committee. Rankin is based in Hong Kong.

David Jiang, head of Asia Pacific at Bank of New York Mellon Asset Management stepped down from his role to head up the bank’s exchange-traded funds unit, Mellon Capital. Jiang moved to San Francisco to lead the global sales team at the ETF business. The Asia Pacific team now works under Alan Mearns, CEO of BNY Mellon Asset Management International. Mearns reports to Mitchell Harris, interim head of the asset management entity.

Mumbai-based YES Bank appointed Ruzbeh Deboo as executive vice president and head of global Indian banking. Deboo was latterly head of NRI Banking at Barclays Bank. Prior to Barclays, Deboo spent five years at ICICI Bank, working in various capacities for the International Banking Group.

Nomura Holdings appointed David Benson as vice chairman of risk and regulatory affairs. Benson had been the firm's chief risk officer since November 2008 and has spent over 11 years at Nomura in a range of roles, including as chief operating officer for Europe. His old position was taken over by Lewis O'Donald, who previously served as senior risk officer for sales and trading at Morgan Stanley.

Manulife promoted May Wong to vice president of human resources for Asia. She joined Manulife Hong Kong in 1997 and assumed a number of roles before joining Manulife's Asia Operations in 2007.

Jim McInnis was appointed assistant vice president for distribution compliance at the Hong Kong office. McInnis comes from Manulife's Canadian division. Joanne Lee was named assistant vice president and financial controller of Manulife Hong Kong. Lee brings over 18 years of insurance and technical experience. John Parker was appointed assistant vice president for proposition and product development under the Hong Kong office's individual financial products team.  

North America

US Bank hired industry veteran Heidi Steiger as Atlantic region president in its Private Client Reserve unit, a newly created role, as the bank looks to aggressively build its wealth management business nationwide.

A 30-year industry veteran, Steiger spent 20 years at Neuberger Berman, where she ran its private client business. Most recently, she was an advisory director at Berkshire Capital Securities and ran her own consultancy, Topridge Associates. Previously, she was president of Lowenhaupt Global Advisors.

Atlantic Trust hired Jeffrey Jacobs as a managing director and director of business development in Chicago. In Boston Sid Nargundkar joined as a vice president and equity analyst for the firm’s disciplined equity team and Chris Flynn, as an associate vice president and associate relationship manager.

Jacobs joined from Bessemer Trust where he was a principal responsible for cultivating new relationships with wealthy families and their foundations in the Midwest.

Nargundkar has more than seven years of industry experience analyzing high-tech companies and trends for firms such as Wells Fargo Securities, Oracle and HP and Flynn was a portfolio manager with State Street Global Advisors.

US Bank added three new personal trust relationship managers to its Private Client Reserve group - David Joyslin, Linda Rees-Christianson and William Sanden

Joyslin was previously a trust administrative officer for US Trust, while Rees-Christianson joined from Burr Oak Group. Sanden stepped in from Wells Fargo Bank, where he served as trust officer. All three are located at US Bank's Nicolet Mall branch.

RBC Wealth Management hired Karen Ashworth as director of its Seattle complex.  Ashworth was most recently a non-producing branch manager in California at Morgan Stanley Smith Barney.

Morgan Stanley Smith Barney recruited a four-person team of financial advisors managing over $1 billion of client assets from UBS.

Daniel Livingstone, Kevin Bednar, Lee Osman and Stephanie Hoffman have joined MSSB’s Madison Avenue, New York City offices

Barclays Wealth hired seven advisors with a combined $2.24 billion in client assets.

James Egan joined from AllianceBernstein's Bernstein Global Wealth Management in Boston. The Boston office also added two Wilmington Trust advisors: Michael Reiser, chief investment officer for the Northeast, and Ria Hart.

In New York, Barclays Wealth hired George Kolodka, also from Bernstein. Jamie Weeks and Hunter Hamm joined the firm in Atlanta. Weeks at UBS Global Asset Management and Hamm recently worked at UBS as a financial advisor.

In Chicago, the firm hired Michael Schwartz, who for the past two years led a team at JP Morgan Private Wealth Management.

Barclays also announced that it hired John Cregan as its regional manager in Palm Beach, Florida. Cregan joined Barclays Wealth from Hotchkiss Associates.

Michael Brown has joined start up Dynasty Financial Partners as partner and director of wealth management from US Trust. Brown brought with him members of his wealth management team, including Charles Britton who joins as partner. At US Trust, the private banking subsidiary of the Bank of America, Brown was a managing director and team leader focusing on banking, credit, investment management and trust and estate planning for ultra-high net worth clients.

City National Bank hired New York banking veteran Mimi Kidd as a vice president in its private client services division. Kidd was most recently a senior vice president and managing director for Herald National Bank in New York.

City also appointed Leigh Shipp Muniz as vice president and chief fiduciary officer for its personal trust services unit. Muniz most recently served as an attorney at Davis & Whalen.

UBS Wealth Management Americas signed on Dave Schrohe as Chief Operating Officer of wealth management solutions, a new post.

Prior to UBS Schrohe spent 16 years at Morgan Stanley Smith Barney and its predecessor firms and was most recently head of Morgan Stanley Smith Barney’s Corporate Client Group and a member of the firm’s management committee. 

Cypress Trust Company appointed Palm Beach County attorney Erik Edward Joh as president and chief executive. He joined Cypress Trust after serving as founding and managing partner of the Boynton Beach office of New York law firm Hinman Howard & Kattell for the past 30 years.

Bessemer Trust named Diana Gibson senior client account manager and senior vice president of its Denver office. Prior to joining Bessemer, Gibson was a portfolio manager at Raynemark Investments in Boulder.

Julie Prince joined JP Morgan’s Private Wealth Management Group as a senior private banker in its New York office. Prince returns to JP Morgan from Krusen Capital Management, where she served as director of marketing.

UBS Wealth Management Americas hired a duo of financial advisors from Morgan Stanley Smith Barney in Houston. Blake Pratz and Jo Simmons report to Todd Lavergne, complex director.

US Trust signed on five wealth management executives. Chad Reddy most recently of City National was hired as Northern California regional trust executive in San Francisco and portfolio manager Barbara Bagley in Century City, California, joined from Beverly Hills boutique Lewis Capital Management.

Cornelius Mercea joined as a portfolio manager in Tucson, Arizona from JPMorgan Private Wealth Management.

In New York City Judy Slotkin joined as a private wealth management executive. She was most recently chief risk officer for Everspan Financial Guaranty.

Charles "Hill" Ewald came on board as a private client consultant in Charlottesville, Virginia. He was most recently chairman of VNBTrust following two decades as a private client manager in Bank of America's private bank.

NB|AZ Wealth Management signed on Edward Plotkin as vice president and Wealth Manager. Plotkin worked as a senior private banking officer at Phoenix's MidFirst Bank.

Wilmington Trust has hired three senior wealth advisors for the company’s Wealth Advisory Services business in the Northeast region from Boston Private Bank & Trust Company. Christopher Casey, Michael Hoyt, and Jay Beckett Wailes all work in Wilmington’s Boston.

Wilmington also promoted Edward Jones to investment advisory team leader in its Villanova, Pennsylvania office. Prior to joining Wilmington in 2004 he was a portfolio manager in Wayne, Pennsylvania at US Trust.

In addition Wilmington has hired Marguerite Weese as a senior financial planner for its Philadelphia office. Weese joined from PricewaterhouseCoopers where she was an associate in the personal financial services department.


Gibson Tullberg hired private banker Ross Hosmann from EFG International Private Bank in Geneva. Hosmann is to further develop the firm’s Swiss business as well as being responsible for building the Swiss business.

Julius Baer relocated Olivier Meystre, its chief executive for the East Mediterranean and Middle East, from Cairo to Geneva. Meystre spent the last two years building up the bank’s business in the Egyptian capital as CEO of Julius Baer Advisory Cairo. Wael Hamroush succeeds Meystre in this post. He has ten years of private banking experience.

UBS’s board of directors appointed Tom Naratil as group chief financial officer and group executive board member, effective 1 June 2011. Naratil was latterly chief financial officer and chief risk officer of UBS Wealth Management Americas. Former UniCredit executive Sergio Ermotti was named chairman and CEO of Europe, Middle East and Africa, effective 1 April 2011. Meanwhile John Cryan, group chief financial officer, will step down from his position at the end of May 2011 for personal reasons.  

EFG International named Alain Diriberry as the new CEO of EFG Bank in Switzerland. Meanwhile, Mark Bagnall was appointed to take up Diriberry’s former role as chief operating officer at the firm.

Diriberry had been COO at EFG International from July 2008, prior to which he was head of private banking, based in Geneva. He has also worked at Coutts. Bagnall was latterly global chief technology officer at EFG International. He has worked at Merrill Lynch as head of international private client and wealth management technology.

Vontobel named Zeno Staub, currently head of its asset management business, as its next CEO, effective May 2011, when current CEO Herbert Scheidt will become chairman. Staub has held various senior management positions within the group since 2001.

Swiss bank BSI appointed Eugenio Brianti to the board of directors. Brianti has spent many years in banking and was latterly a senior executive vice president of the Lugano-based firm. Following his appointment his responsibilities for private banking in Ticino will be taken over by Franco Polloni.


Victoria Dalmas was named chief executive of LawInContext, the interactive knowledge and training venture of global law firm Baker & McKenzie. She succeeds Philip Marcovici, one of the company’s founders and a member of the editorial board of WealthBriefing. Dalmas joined LawInContext in January 2005, serving as chief operating officer and head of content and technology. Before joining LawInContext, she was in the tax group of Baker & McKenzie, practising in its Zurich and Singapore offices.

Marcovici will continue to work with LawInContext and its global roster of clients as a part-time consultant and will chair LawInContext’s board of directors. He will also continue to teach in the area of wealth management and family succession in Asia and elsewhere – and will remain on the WealthBriefing editorial board.

Appleby appointed Mike Ellis, former European legal and compliance head for the hedge fund administrator GlobeOp Financial Services, as deputy general counsel. Ellis spent eight years at a US law firm in London and the last five years with GlobeOp.

Clydesdale Bank International added three to its team in Guernsey: Nadine Ogier as account opening associate, Debbie Parrott as risk and compliance officer and Jason Batiste as payments associate. Ogier, who has 25 years of experience in the finance industry, was latterly at RBC Wealth Management where she worked within securities, investment management and private banking. Meanwhile Parrott previously worked for a financial crime unit. Batiste spent two years working as a cashier prior to taking up his new position.

Legal & General Investment Management appointed Andy Clack as head of distribution for the region. Clack was latterly senior vice president, director for the Middle East at Northern Trust Global Investments. Prior to this he spent six years based in Bahrain working as the asset management sales director for Gulf International Bank.

Vistra appointed Richard Hughes as a senior manager of business development.

Hughes joined Vistra from BNP Paribas in Guernsey, where he spent four years as a relationship and business development manager.

The Bank of Butterfield & Son hired Daniel Frumkin from the RBS group as executive vice president and chief risk officer, to be based in Bermuda. At RBS, Frumkin was latterly managing director of the UK retail products group, prior to which he was chief risk officer, retail.





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