People Moves

Executive Moves - June 2010

2 July 2010

Executive Moves - June 2010

The pace of recruitment seemed to pick up in June around the world, with a notable number of hires in Asia, North America and Europe.

United Kingdom

UK-based Close Asset Management continued its expansionary moves with the appointment of a new business development manager for the northern region, who is to focus on Manchester, Leeds and Sheffield in particular. Edward Sale joins from IFA Network, Standard Financial.

Ariadne Capital, a London-based investment and advisory network, brought in six new investor members from some of the world’s most prominent businesses. The new members are David Rowe, Francois Barrault, Ian Cormack, Jonathan Kendrick, Judy Piatkus, and Wilf Eaton. They take the total number of members to 58.

The Financial Services Authority, the UK regulator, has announced that Jon Pain, managing director of supervision and executive board member, is leaving the organisation in 2011. 

Charlemagne Capital, the London-based asset manager, has appointed Nick Brack as head of UK mutual fund sales. Brack recently worked for L&G Investment Management.

Deutsche Bank hired former Merrill Lynch manager Anita Nemes as global head of capital introduction, based in London. She will lead the bank’s effort to give its hedge fund clients access to institutional sources of capital.

Paul Richardson, the head of sports, media and entertainment at Barclays Wealth, has left the firm, and according to an unconfirmed media report is joining a Swiss wealth manager later this year. Richardson joined Barclays Wealth in 2006 from Coutts.

The international law firm Withers has appointed Alana Lowe-Petraske as an associate in the firm’s charity and philanthropy group. Lowe-Petraske recently worked for Bates Wells & Braithwaite London where she served as a solicitor in the charity and social enterprise group.

Dalton Strategic Partnership, the UK-based investment manager, bolstered its risk and performance management team with the recruitment of Ben Marsh from Factset, where he had been an account executive.

Following a UK business review UBS Global Asset Management decided to make the role of head of UK advisory business development redundant and Nigel Taylor is leaving the firm accordingly.

Mercer appointed Le Roy van Zyl as senior consultant to its financial strategy group. Based in London, van Zyl will advise pension fund trustees and corporates on pension risk management and asset strategy.

Adam & Company, the Scottish private bank, appointed Andy Nicol, a rugby player turned private banker, to the newly-created position of head of business development.

Nicol joined from RBS Private Banking.

Fidelity has appointed Peter Hicks as director of UK equities, moving him away from his role as head of retail sales at Fidelity FundsNetwork.

The private institutional client group of Deutsche Bank in the UK, which serves clients such as family offices, has added to its team of specialists with the appointment of Ben Whitfield, who starts in his role as a director, as was exclusively reported by this publication. Whitfield previously worked at Olympia Capital Management.

UK-listed portfolio manager Collins Stewart Wealth Management hired Alasdair Ogilvy-Stuart for its intermediary sales team with a particular focus on independent financial advisors.

London-based Heartwood Wealth Management hired Michael Stanes as an investment director, a role in which he will be managing the portfolios of ultra high net worth clients. Stanes was latterly chief executive and chief investment officer of a privately-owned London-based investment office.

Maitland, the London-headquartered legal and fiduciary firm, appointed Daniel Mackelden as a partner in its legal advisory group. Mackelden latterly headed up the London office of Cains, the offshore law firm. Prior to joining Cains he worked for Walkers, having originally trained at Linklaters.

Institute for Philanthropy chief executive Salvatore LaSpada has been made a lifetime member of the Council on Foreign Relations, a think tank that boasts members such as former US president Bill Clinton. Other members of the Council include former US Secretary of State Madeleine Albright and James Wolfensohn, former president of the World Bank.

State Street Global Advisors, the investment management business of State Street Corporation, hired Raymond Haines as head of UK liability-driven investing and Christopher Goolgasian as a senior portfolio manager within its Boston-based multi-asset class solutions group. Haines was most recently chief investment officer of LV= Asset Management.

Northern Trust Global Investments, the London-based multi-asset class investment manager of Northern Trust, appointed John Krieg to the newly-created position of managing director for the Europe, Middle East and Africa region. Krieg joins from Northern Trust’s headquarters in Chicago.

Arbuthnot Latham, the UK-based private bank, appointed Richard Dunn as its new commercial director. Dunn was latterly commercial director for Santander Private Bank and in his prior career worked for Robert Fleming & Co, JP Morgan, Cater Allen Private Bank and James Hay Pension Trustees.

The UK-based private bank Kleinwort Benson made two hires for its Birmingham office, having already announced two hires at its Newbury office. Jennifer Macintyre, formerly of Investec Private Bank, joined as a senior private banker, and Samantha Brown joined as team private banking assistant. Macintyre and Brown joined Graham Lucas, who has been based in the Birmingham office for four years. Macintyre was most recently senior investment practitioner at Investec Private Bank.

Royal London 360°, the Isle of Man-based offshore division of the Royal London Group, appointed James Parsons as its new regional sales consultant covering the Middle East. Parsons joins from Friends Provident International.

Kleinwort Benson, the UK private bank which is in the process of changing the control of its business from Germany’s Commerzbank to the Belgian financial services group RHJ International, appointed Richard Stanwell as head of its Newbury office. Former Barclays Wealth man Stanwell will lead the firm’s wealth management practice in a region stretching from the Thames Valley into the West Country.

Boutique wealth manager London & Capital has appointed Sir David Michels as chairman. Sir David is at present deputy chairman at Marks & Spencer and Easyjet.

Swiss asset manager GAM hired Rory MacEwen as a portfolio manager in its London office, reporting to Jonathan Colchester, head of UK private clients. MacEwen joins from Barclays Wealth where he was assistant vice president.

First State Investments (UK) made a trio of senior appointments within its international investment teams to bolster its research capabilities. Richard Jones joins as senior analyst for the Asia Pacific ex-Japan/global emerging markets team. He reports to Angus Tulloch and Stuart Paul, joint managing partners of the team, which comprises 19 staff in offices in Hong Kong, Singapore and Edinburgh. Jones joins from Deutsche Bank, where he was regional head of Asia Pacific research and also manager of the bank’s Small-Mid Cap and Asia Select funds.

Jin Xu - who also joins from Deutsche Bank, where she was responsible for infrastructure equity research - has been appointed senior analyst within the global infrastructure securities team, which is currently four-strong and based in Sydney. In her new role she reports to Peter Meany, head of global infrastructure securities. Last among the hires is Louisa Fok, who has joined as a senior analyst within First State’s 10-strong global property securities team.

Standard Life Wealth, the UK discretionary investment manager which is part of Edinburgh-based insurer Standard Life, appointed Ronnie Binnie as a senior business development manager. Binnie joins from the firm’s parent company, where he worked as national account manager.

Legis Group, the Guernsey-based trust and fund administration firm, expanded its fiduciary team with the appointment of Steve Bougourd as associate director of its trust and corporate division. Bougourd has worked in various Guernsey-based, bank-owned trust companies over the past 20 years.

The former head of the UK Office of Fair Trading, Sir John Vickers, has been appointed to chair the Independent Commission on Banking.

Future Capital Partners, the London-based alternative investment boutique, appointed Tim West as its new deputy chief executive.

West joined from Babcock and Brown, where he was both head of the London office and CEO for Europe, the Middle East and Africa. Before this he had been European chief operating officer at iShares, the exchange-traded funds business which is now part of US asset manager BlackRock.

Moore Blatch, the UK regional law firm, appointed David Charlesworth as partner and head of its wealth management team.

Charlesworth was most recently head of the agricultural team at Michelmores, another regional law firm, and his prior career includes him having been first equity partner at Bevan Ashford.

In his new role Charlesworth will be responsible for advising clients on capital taxation, wills, tax planning, and agricultural and landed estates, the firm said in a statement.

Deutsche Bank Private Wealth Management appointed Arnaud de Servigny to the newly-created position of managing director, head of investment strategy and implementation.

De Servigny, who will oversee research, strategy and portfolio construction and consulting, will be based in London and report to Kevin Lecocq, head of global investor solutions at Deutsche Bank PWM.

De Servigny joined from Barclays Wealth, where he was global head of research and strategy, and developed the investment philosophy framework for individual portfolio risk management.

As previously announced, de Servingny has been succeeded at Barclays Wealth by Aaron Gurwitz in the role of chief investment officer and head of research, economics and strategy. Gurwitz has been at the firm since 2008, joining as part of Barclays' purchase of part of Lehman Brothers that year.

Clydesdale Bank International, a subsidiary of National Australia Bank, boosted its customer service team in Guernsey with the appointment of associates Tara Harvey and Leanne Richards.

Harvey most recently worked within HSBC’s banking back office, having previously been a relationship manager at HSBC Private Bank, and before that at Royal Bank of Canada.

Richards, meanwhile, brought with her four years of marketing experience, two of which were within financial services.

Weatherbys Private Bank, a family-owned firm which has traditionally provided services to the UK horseracing industry, hired from private banks C Hoare & Co and Ansbacher and Co to spearhead its expansion into financial planning and investment services.

Simon Tuck, formerly head of financial planning at C Hoare & Co, will be responsible for building Weatherbys' advisory service and advising clients on tax planning, trusts, pensions and insurance.

Meanwhile, Roddy Buchanan, previously head of wealth management within the private banking operations of Ansbacher and Co, joined the firm as a senior private banker. He will also support the development of a discretionary investment service, which the bank is planning to launch this October.

RWC Partners, the London-based fund manager, appointed John Bennett as IFA sales director as part of moves to boost its profile in the intermediary market.

Bennett was latterly with JP Morgan Asset Management, where he had spent some 15 years after initially joining the IFA sales team, and he has experience across various parts of the UK intermediary market.

Quilter, the UK investment manager which is part of Morgan Stanley Smith Barney, furthered its regional expansion drive with the appointment of Wilf Blake as an investment manager at its Bristol office.

Blake was latterly a branch manager for Charles Stanley, also in Bristol, and he has over 25 years in private client and institutional investment management roles.

In his new role Blake reports to Pamela Reid, head of Quilter’s Bristol office.

City Asset Management, the UK-based independent investment manager, recruited Mark Russell-Stracey, formerly head of UK equities at Arbuthnot Latham, as a senior portfolio manager.

Russell-Stracey, who joined City at the start of July, spent 12 years with Arbuthnot Latham. In addition to being senior portfolio manager at City, he will also join the firm’s tactical asset allocation committee.

RBC Wealth Management hired former HSBC Private Bank senior manager Tracy Maeter as head of investments, British Isles.

Maeter will be based in London and will be responsible for oversight of RBC Wealth Management’s discretionary and advisory investments platforms in the British Isles.

Maeter worked for five years at HSBC. Among her roles there were team head, sales management and team head, high net worth. She has also held positions at JP Morgan and a number of consulting firms.

Dart Capital, a London-based wealth manager, made its second hire in a few weeks, with the appointment of Lynn Flynn as asset manager.

Flynn joined from Anderson Charnley, the Surrey-headquartered wealth management firm.

Charles Macfarlane left Cheviot Asset Management, the UK-based wealth management firm, where he had held the role of business development director.

Macfarlane is understood to be seeking future business opportunities.

Macfarlane took up his previous role in March, 2007. Prior to Cheviot, he carried out similar roles held at Fleming Private Asset Management (now JP Morgan) and NCL Investments (now Smith & Williamson).

Target Chartered Accountants named Jamie Morrison as its new head of private client tax, while also appointing Phil Snell as a tax consultant.

Morrison’s prior career includes senior positions with both MacIntyre Hudson and PricewaterhouseCoopers. Snell, meanwhile, joins from Baker Tilly, where he was corporate tax senior, working with a variety of owner-managed businesses and AIM-listed companies.

Evolution Group, the UK based investment bank and private client investment manager, named Philip Howell as a director of the company.

Back in February Howell was appointed chief executive of Williams de Broë, Evolution’s London-based investment management subsidiary, having previously been a regional chief executive at Fortis Private Banking – a role he had held since 2005.

Prior to this he had been director of strategy and corporate development for Barclays International’s banking and wealth management divisions.

Coutts Private Office, part of Royal Bank of Scotland’s private bank Coutts & Co, appointed former Credit Suisse man Stephen Eggins as senior client partner to look after the firm’s ultra high net worth clients.

Eggins is based in London in his new role, reporting to Duncan MacIntyre, the global head of Coutts Private Office.

Eggins advised UHNW clients at Credit Suisse. Prior to joining the Swiss banking giant he was the first London-based relationship manager at Donaldson Lufkin Jenrette, the US investment bank.

Barclays Wealth promoted Aaron Gurwitz as chief investment officer and head of research, economics and strategy, and Kevin Gardiner as head of global investment strategy.

Gurwitz joined Barclays Wealth in 2008 as part of its acquisition of the Lehman Brothers Private Investment Management business in the US; before joining Lehman in 2004 he worked at Goldman Sachs for 16 years.

He reports to Mitch Cox, who was formerly acting as CIO but will now focus exclusively on his responsibilities as head of global research and investments and head of Barclays Wealth Americas.

Gardiner joined the firm in 2009 and prior to his recent promotion was head of investment strategy for Europe, the Middle East and Africa. His earlier career includes roles at other well-known banks such as HSBC and Morgan Stanley.

Morgan Stanley Private Wealth Management hired Gabriel Aractingi as a managing director and head of sales for the Middle East. He was recruited from Lombard Odier, where he was executive vice president and head of the Middle East.  

In his new Dubai-based role, Aractingi will report jointly to Ausaf Abbas, head of sales and marketing, PWM EMEA, and Habib Achkar, regional manager for the MENA region. He will lead Morgan Stanley’s private banking business in the Middle East and manage a team of investment advisors across Dubai, London, Geneva and Riyadh.

Liontrust Asset Management appointed Nick Wells as a consultant to advise on business development – a role in which he will contribute to product development and planning for the implementation of the Retail Distribution Review (RDR) in 2012.

Up until his retirement in March of this year, Wells had been product and communications director at Artemis Investment Management, having previously worked for ABN Amro Asset Management and Baring Asset Management.

Paris-listed BNP Paribas combined its existing private banking business in the UK with Fortis Private Investment Management and Insinger de Beaufort UK under one brand, appointing Ligia Torres as head of the business.

Torres was formerly head of fixed income corporate and SAS origination and sales, EMEA, a role in which he was responsible for developing strategic business with corporate, sovereign, agency and supranational clients. He first joined BNP Paribas in 1997, having previously spent a decade with Union Europeene du CIC in Paris.

Rathbone Investment Management, the UK-based discretionary investment manager, appointed Christine Lane - latterly of HSBC Global Asset Management - as an investment director.

Lane, who is now based in Rathbones’ New Bond Street head office in London, specialises in managing investments for private clients, trusts, pensions and charities, the firm said in a statement.

London-based Jupiter Asset Management appointed Miles Geldard and Lee Manzi to manage the firm’s global convertible and global multi-asset strategies.

Jupiter hopes to launch global convertible and global multi-asset strategies, which will then be managed by Geldard and Manzi. However, the firm said it is still awaiting approval from the UK regulator.

Geldard joined from RWC Partners, previously MPC Investors, where he started in 2006. Prior to that he was chief investment officer and head of the global multi-asset group and global strategy team at JP Morgan Asset Management.

Manzi also joined from RWC, where he worked with Geldard as a portfolio manager. He started his career at JP Morgan Asset Management, which included working in the global multi-asset group with Geldard, focusing primarily on fixed interest and convertibles.

UK-based wealth management firm Towry hired Dr Robert Dawkins from Aberdeen Asset Management as its chief investment advisor.

Dr Dawkins, who takes up his role in September, was previously head of multi-manager at Aberdeen, and has also been managing director at RBS Asset Management and head of alternative investment management at Coutts.

True Potential, the UK-based IFA support services provider, appointed Miles Thurston as a business consultant. He joined from UK-based independent financial advisor 2plan Wealth Management and will be responsible for the recruitment of new clients.

In his new role Thurston will focus on expanding the firm’s base in the south of the UK.

Signia Wealth, the recently-established multi-family office wealth manager, appointed Greg Malone as a director for its private banking team and Matthew Stemp as an executive director in its investment management division.

Malone joined from Arbuthnot Latham Private Bank, where he managed a portfolio of high net worth clients, while Stemp joined from UBS Global Asset Management, where he has spent 17 years and was most recently head of the UK. He left UBS by mutual consent in February and was replaced by John Nestor.

AXA Wealth’s UK wrap proposition, AXA Elevate, appointed three new distribution directors from its rival Cofunds - Craig Metcalf, Daniel Neep and James Smith.

Metcalf had spent the last four years as senior regional sales executive for Cofunds, while Neep and Smith had been with the platform provider since 2006 and 2007 respectively.

All three appointees now report to Andy Coleman, head of business development for AXA Elevate, and will support the regional teams in developing a collaborative approach to assisting IFA firms through business transition.

Managing Partners Limited, the UK-based investment firm, named Tony Catt, latterly an IFA at Hanson Wealth Management, as its new operations manager.

In his new role Catt is based in the firm’s Crawley office in West Sussex, reporting to Jeremey Leach, managing director.

Aegon, the Edinburgh-headquartered asset manager, recruited a new chief financial officer for its UK business from Swiss Re.

Clare Bousfield had worked for the Swiss insurance group since 2001, holding a number of positions, most recently being based in Zurich as head of group audit.

Blousfield will assume her new role at Aegon in September, succeeding Bill Robertson, who is leaving the firm after 10 years.

AXA Investment Management appointed Nick Hayes as a portfolio manager within its fixed income team.

In this newly-created role London-based Hayes is responsible for the AXA Sterling Strategic Bond fund and will contribute to the global credit process. He will be working alongside Chris Iggo, chief investment officer of the fixed income team.

Hayes joins the firm from New Star / Henderson New Star, where he had been a senior fund manager in the New Star fixed interest team.

Alliance Trust, the London-listed asset management firm, appointed Ella Riesco as head of retail marketing.

In her new role Riesco is responsible for further developing and strengthening the Alliance Trust Asset Management brand within the retail fund market. She will be working alongside Tom Pearson, head of UK retail sales.

Riesco joins the firm from Jupiter Asset Management, where she was senior marketing executive.

Insparo Asset Management, an emerging markets specialist, hired Emma Robinson from Man Investments for the newly-created role of investor relations manager.

Robinson’s hire marks the first position the firm has created to focus exclusively on investors, and forms part of a wider marketing drive which includes the recent appointment of Jamie Allsopp – the former New Star manager – to run and market its Insparo Africa & Middle East Fund.

In her new role Robinson, who was latterly an institutional sales assistant at Man, will support Allsopp in marketing the Africa and Middle East Fund to a range of hedge fund and emerging market investors in Europe, Middle East and the US. Additionally, her role encompasses investor communications and client liaison.

Sanlam, the South African insurer and investment manager, reportedly boosted its UK IFA distribution team with a pair of top-level hires.

Rick Eling was named UK head of IFA investments, while Chris Allatt was appointed UK senior technical consultant.

Eling latterly held the role of investment solutions manager at Buckles Investment Services – a firm owned by Sanlam - and Allatt joined from Canada Life, where he was a senior tax consultant and manager.

North America

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.


Citi Private Bank appointed UBS veteran Thierry Martin as team head and senior banker covering the Gulf region.

In his new role Martin will primarily focus on the ultra high net worth markets of Kuwait and Qatar and will be based in Geneva.

Anthony Iliya, the former Credit Suisse head of asset management for Asia Pacific, joined Swiss rival UBS as chief executive for Middle East and North Africa.

Iliya will take up his new role on 1 August and will be based in Dubai. He will report to Alex Wilmot-Sitwell, group chairman and chief executive EMEA and co-CEO of UBS Investment Bank.

Jörg Klar will succeed Patrik Paulus as chairman of the board of management of Liechtensteinische Landesbank (Switzerland) on 1 November this year.

Klar joined the LLB group in 2008 and was involved in the successful development and launch of LLB Austria.

Paulus is to take on a new role as chairman of the board of directors at a family office in which LLB holds an equity stake; he has been chairman of LLB Switzerland since 1 November 2001.

The Swiss Bankers Association, the influential industry body that represents the country’s banks, appointed Claude-Alain Margelisch as its chief executive.

He was also appointed delegate of the board of directors. Margelisch replaces Urs Roth, who will step down on 16 September 2010.

Margelisch worked as a lawyer and notary at a law firm for several years before joining the Swiss Bankers Association in 1993. Since 2001, he has been the organisation’s deputy CEO.

The Swiss banking giant UBS is eliminating 25 jobs in the Swiss canton of Ticino, following the third Italian tax amnesty.

According to Handelszeitung, the Swiss business weekly, 17 employees will go into early retirement and eight further employees will be transferred into a social plan, which aims at helping them to find a new job at the Swiss banking giant or externally.

Geneva Financial Center, the foundation of banks aimed at promoting western Switzerland’s financial centre, appointed Bernard Droux, managing partner at Lombard Odier, as president.

Droux joined the foundation in 1999 and was appointed its vice president in 2009. He succeeds Ivan Pictet, the senior managing partner at Pictet & Cie, who took up the role in 2002.

Sandro Croce is to be the first head of client portfolio management at Lombard Odier Investment Managers in Geneva. He has been a member of the fixed income team since 2004.

The newly-created client portfolio management team within fixed income specialises in portfolio management for institutional mandates using the resources of the fixed income team.

Gregor MacIntosh was hired to fill Croce’s former post as head of rates, also based in Geneva. He joins from Standard Life Investments where he was head of rates overseeing $47 billion of fixed income assets and a team of six portfolio managers.

Kaiser Ritter Partner, a Liechtenstein and Switzerland-based wealth management group, added Christian de Juniac to the board of directors of its holding company; he will also join the business development committee and head the group’s strategy area.

De Juniac was latterly a senior partner at Boston Consulting Group, where he spent 28 years and founded the consulting firm’s global asset management and private banking divisions.

Geneva-based private bank Mirabaud & Cie hired the former chief executive of Vontobel Bank in Geneva, Cédric Anker, as head of domestic clients.

Anker, who will take up his new role on 1 October this year, will also join the private bank’s executive committee at the beginning of 2011.

Besides having been CEO of Vontobel in Geneva, Anker was also a member of Vontobel's private banking executive committee, and head of the Latin-Europe market area.

Portelet Family Office, the Zurich-based multi-family office which is part of Portelet Group, appointed three former Credit Suisse private bankers as partners.

At the beginning of this month, the trio – consisting of  Juksel Gabriel,  Markus Dal-Pont and  Michel Voëlin – took up responsibility for managing day-to-day operations including wealth management, strategic asset allocation and wealth structuring.

Bank of China (Suisse) in Geneva, which has been operating in the Alpine state for less than two years, replaced its chief executive and chairman.

Hong Huang replaced Kenneth Ge as chairman of the board of directors and Xixu Sun replaced Jacques Mechelany as CEO of the bank.

The exact reasons for the departures were not given by BoC.

Citi in Geneva appointed veteran UBS private banker Thierry Martin to its Middle East and North Africa team. Martin joins as senior private banker/managing director and team leader focusing on Kuwait and Qatar.

Martin was latterly executive director and desk head for Middle and Near East at UBS Private Bank in London, this publication understands. He joined UBS in 1984 and was based at various times in both the Middle East and Switzerland.

Vontobel, the Swiss private banking group, named Peter Romanzina as the new head of its brokerage business.

Romanzina succeeds Eugen Brenner, who, as announced in February, decided to relinquish some of his management responsibilities and scale back his workload.

Romanzina, who was latterly with Kepler Capital Markets in Zurich, will take up his new role at the start of September.

Banque Syz & Co, the Swiss private banking group, is to see the departure of Roberto Almaleh, head of its hedge fund advisory group, and Nathalie Davies-Charbonnier.

Almaleh and Davies-Charbonnier, who both joined Banque Syz & Co in September 2003, founded its hedge fund advisory group, but the pair will now leave the firm in the summer to launch their own asset management company in Geneva. Two new hedge fund specialists are to be brought into the hedge fund advisory group, the bank said without revealing their identities.

Following their departure the hedge fund advisory group will be placed under the responsibility of Fabian Dufresne, head of private banking.

Asia Pacific

Morgan Stanley Smith Barney appointed three former UBS managers in Australia as senior financial advisors: Colin Stubbs, who was based in Melbourne at UBS, has joined MSSB, along with Paul Lyons and Doug Ferguson. 

FTI Consulting appointed Dr Mark Smith as senior managing director to its real estate advisory practice under its subsidiary FTI Schonbraun McCann. Dr Smith joins the company from Ernst & Young, where he led the global real estate and construction unit.

S3 Investment Company appointed Richard Chiang as a managing director for its subsidiary Redwood Asia Fund. Chiang joins from Bear Stearns & Co, where he was an associate director managing over $600 million in client assets.

HSBC Holdings appointed Helen Wong as China president and chief executive officer. Wong has over 25 years of experience in the financial services industry and is currently the deputy CEO for China. She officially takes over the role of Richard Yorke upon obtaining regulatory approval.

BNY Mellon appointed Daniel Smith as chief administrative officer for the Asia Pacific region. Smith joined BNY Mellon in 1987 and was most recently the chief administrative officer of the firm's $22.4 trillion asset servicing, custody and administration business. He takes over from Lee Stephens, who has been relocated to the US.

State Street hired of Yvonne Wong as managing director and head of business development for Asia Pacific. Wong will be joining the company's Enhanced Custody business, which provides servicing solutions for long/short strategies.

Bingham McCutchen bolstered its Hong Kong investment management business with the appointment of Anne-Marie Godfrey as a partner. She joined from Maples and Calder and is admitted as a solicitor in Hong Kong, England and Wales.

Pacific Alliance Group hired Weijian Shan as chairman and chief executive officer. Shan is from private equity firm TPG Capital and is one of the founders of Newbrige Capital, before it was taken over by TPG. He will maintain an advisory role for several TPG investments while in his new position.

Deutsche Bank Private Wealth Management made a raft of appointments to its North Asian advisory team. Jane Zhou, Jeffrey Tai, Cedric Ko, Meanny Leung, and Veronica Lam comprise a new five-member team dedicated to serving the bank's client base of entrepreneurs, business leaders and wealthy families in North Asia. Zhou, from JP Morgan, is now managing director and senior relationship manager, Tai, from JP Morgan, is director and team head, while Ko, also from JP Morgan, joins as director and senior investment advisor. Leung and Lam, from DBS Private and Credit Suisse Private Bank respectively, join as director and senior relationship manager. 

Andrew Cohen was named chief executive officer of JP Morgan Private Bank's ultra high net worth business in the Asia Pacific region. Cohen led the private bank's southern California operations over the past four years and served in key positions in London and Geneva prior to that.

Crédit Agricole (Suisse) appointed Georges Zecchin as chief executive for Asia. Based in Hong Kong, he will manage the teams in Singapore and Hong Kong. He joined Crédit Agricole (Suisse) in 2001 as head of compliance, before being appointed corporate secretary and becoming a member of the firm’s executive and general management committees.

ABN Amro Private Bank appointed Angel Wu as the new regional head, products and solutions for its Asia franchise. Wu was head of special products Hong Kong for the bank. In addition, Bruno Morel was appointed as regional head, treasury and special products Asia. Morel is the head of TSP for Singapore. He replaces Arjan de Boer, who was named head of private banking in Hong Kong in April.

AXA Investment Managers appointed Terence Lam to the newly created role as head of sales and marketing for Asia Pacific. Lam was previously with BNP Paribas Investment Partners, where he was head of institutional sales for Asia based in Hong Kong.

Deutsche Bank Private Wealth Management appointed Michael Strasser as global South Asia-Zurich franchise as director. He was most recently the head of special coverage for ultra high net worth clients at Credit Suisse's Zurich headquarters.

Sarasin Alpen (India) Private, a subsidiary of Bank Sarasin & Co, appointed Shiv Khazanchi to head its Indian operations. As new managing director, Khazanchi will be based in New Delhi.

Pramerica Asset Managers, the Indian asset management business of Prudential Financial, appointed Mahendra Jajoo as head of fixed income. Jajoo previously served key positions in Tata AMC, ABN Amro Group and ICICI. The firm has also appointed Ravi Gopalakrishnan as head of equities. He will be responsible for managing the equity portfolios and equity research functions.

Deutsche Bank appointed Nasmi Ahmad as regional head for global South Asia, the Middle East and Pakistan within its Private Wealth Management division. He joined Deutsche Bank in 2007 and also held senior positions at Citi Bank, Swiss Bank Corp and UBS prior to that.

Funnex Asset Management, the Japan-based hedge fund, hired Xiao Minjie as president. Minjie was previously a senior economist at the Daiwa Institute of Research in China. He took over from Funnex founding president Masaru Nishizawa, who was named chairman in early June.

BNY Mellon Trust (Japan) promoted Dominick Falco to president and chief executive. Falco was previously the Asia managing director of broker-dealer services. In his new role, he moves from Hong Kong to Tokyo and takes over from Takayuki Inukai, who has retired.

Sheffield Haworth appointed Bruce Baker as managing director and head of Tokyo. He joined from Russell Reynolds Associates, Tokyo. The firm also appointed Masayuki Koito, now head of research for Japan, who also joins from Russell Reynolds.

Shayne Nelson has taken up the role of global head of The Standard Chartered Private Bank. He took over from Peter Flavel, who was appointed global head for personal banking at StanChart. Prior to this role, Nelson held various key roles within the bank including regional chief executive officer for the Middle East and North Africa.

Credit Suisse has expanded its foreign exchange team in the Asia Pacific with the recent hire of six executives for its Hong Kong, Japan and Singapore operations. Masaru Mizukami, latterly of Calyon Securities, and Kazuo Kitazawa, from Deutsche Bank, join the firm as directors based in Tokyo. Yan Qin was appointed director of FX sales based in Hong Kong. Qin was previously with JP Morgan. For the Singapore team, Alan Thomas, previously from Bank of America Merrill Lynch, joined as director and head of private bank sales for FX based in the city state. Angelia Tan and Ben McColl have both been named directors at the hedge fund desk. Tan is from BofA Merrill, while McColl is from Deutsche Bank, New York.

Citi named Chris Laskowski as head of its financial entrepreneurs group and chief operating officer for global banking in the Asia Pacific region. He's been with the Asia franchise since 1999.

Bank Sarasin & Co named Damien Ng as managing director and head of investment consulting at its Singaporean subsidiary, Bank Sarasin-Rabo (Asia). Ng joins the company from Credit Suisse, where he was most recently managing director for investment consulting.

Credit Suisse is moving Sudip Thakor, who led its global structuring group in fixed income in New York, to a new role in asset management in Singapore. Thakor who will be initially based in New York as head of global emerging markets products in the asset management division and move to Singapore in his new role next year.

Clariden Leu appointed Peter Buehler as head for the European market and external asset managers in Asia. He joins from UBS Singapore, where he was head of financial Intermediaries for South East Asia. In his new role, Buehler is responsible for European clients and external asset managers who want to book their assets in Singapore.

RBS Coutts appointed former Citi Private Bank senior executive Norman Villamin as head of investment strategy for Asia, a newly created role. Villamin will be based in Singapore.

Bank of China (Suisse) has replaced its chief executive and chairman. Hong Huang replaced Kenneth Ge as chairman of the board of directors and Xixu Sun replaced Jacques Mechelany as CEO of the bank. The exact reasons for the departures were not given.

Mark Robinson was named as the new chief executive for South and South East Asia at ANZ. Robinson joins the firm from Citigroup, where he was most recently CEO for South Asia, with responsibility for India, Sri Lanka and Bangladesh.

Clariden Leu appointed several new key executives in Hong Kong and Singapore. Matthew Man was named director and senior investment advisor. He joins from Deutsche Bank Private Wealth Management. Shirley Yap was appointed director and head of wealth management solutions.

Christy Cheung also steps in as head of business and operational risk management in Hong Kong, where she will be responsible for risk identification and mitigation across the firm's various units. Completing the latest list of new appointments are Alex Lau, Sundar Ramani, and Nikita Rossinsky, all of whom were hired as relationship managers based in Singapore.

HSBC appointed Tony Cripps as chief executive officer for operations in the Philippines. Cripps is currently the head of global banking and markets for HSBC Bank Australia.


BHF Bank faces the departure of two of its three members of the board of managing directors, according to a media report. Staff manager Dietmar Schmid and Loukas Rizos, head of capital markets, will leave the bank. The only managing director to stay is Björn Robens, who runs the private banking business.

Slaviansky Bank appointed Maxim Belov as its chairman. Belov latterly served as a member of the board of directors at Bank Ekonomichesky Soyuz.

Stuart Lawson, the chief executive of HSBC in Russia, left the bank. On an interim-basis, Lawson will be replaced by Rob Carver, his deputy. The bank said that the name of the new permanent CEO will be announced soon.

Sal Oppenheim appointed Alexander Smyk to the board of directors. Smyk joined Sal Oppenheim in 1994, establishing its finance department in Luxembourg and serving as the head of finance and controlling.

Russia’s B&N Bank appointed Nataliya Kapinos as director of its new wealth management division. In her new role Kapinos will be responsible for developing the division.

The head of Merck Finck & Co has unexpectedly left the bank at the end of this month. Personally-liable partner Alexander Mettenheimer, who is also spokesperson for the bank's management, asked to be released from his responsibilities by 30 June this year.

Nomura Securities banker Nick Jordan will take over as UBS’s chief executive for Russia and the Commonwealth of Independent States. Jordan replaces Steve Meehan, who will eventually take a new role at UBS, the bank said.

MM Warburg & Co will add Eckhard Fiene as a new partner in the autumn this year. Fiene will take up responsibilities in its investment department. He has been with Bremer Landesbank since 1999, where he headed the financial markets and private client business.

Russian Standard Bank appointed Yelena Suhoveeva as head of its private banking arm and senior vice-president. Suhoveeva will be responsible for overseeing the product range and infrastructure development for servicing high net worth individuals, the firm said in a statement.

Tobam added to its sales team with three new hires. Elizabeth Breaden joins as product specialist and client service. Most recently, she has been with AXA Investment Managers in Paris. Laura Vu Thien, the new UK sales officer, has previously been with Morgan Stanley Investment Management. Morella Hessels has been appointed Benelux sales officer, based in Amsterdam.

Agnieszka Majdanska, head of Central and Eastern Europe at HSBC Private Bank in London, left the firm.

Middle East

Former Coutts and HSBC executive Nigel Hawkins will head FBN Bank (UK)’s recently set up private banking division.


Pictet Funds appointed Simone Gallo as sales manager for the North American and cross-border distribution team, based in London. Gallo joins from Goldman Sachs Asset Management, where he was most recently the head of global partners, EMEA Third Party Distribution.

Valens Goldberg, the new wealth management headhunting firm, will be headed by its chief executive, Ronald Schimmel, a former commodities trader. One of the principal figures in the firm is Sophie De Ferranti, former head of private wealth management at Execuzen, another recruitment firm.

A team of Latin American wealth management specialists joined UBS International from Delta Bank, focusing in particular on Brazil, this publication has learned. Maria Ponte and Luiz dos Santos - both private bankers - and a junior assistant, have joined UBS.

Register for WealthBriefingAsia today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes