People Moves

Executive Moves - November 2010

2 December 2010

Executive Moves - November 2010


European Wealth Management Group, a new UK-based firm, hired staff at its investment arm. It hired Simon Whittley, previously of Fiducia Family Office, and Richard Wayne-Wynne, one of the founders of Vestra Wealth Management. They joined Richard Stammers, a former partner at Killik & Co, on the investment team.

Ignis Asset Management hired Michiel Timmerman to run a new business unit called Ignis Advisers, which consolidates its fund of hedge fund, fund of real estate, fund of private equity and retail multi-manager offerings. Timmerman was appointed managing director and chief investment officer. He was latterly CIO of the RBS Asset Management fund of hedge fund, private equity and long-only multi-manager businesses.

Financial services group Matrix appointed Angus Woolhouse as chief executive of its asset management division. Woolhouse was most recently head of global institutional business at Gartmore. Matrix also appointed Paul Bramley as the new chief operating officer of its asset management division. Bramley had been working in the alternative investments sector, serving at Climate Change Capital and Barclays Private Equity.

The independent UK investment management firm, Ruffer, appointed David Benson, formerly of Société Générale Asset Management, as an investment director.

HSBC made changes to its executive team. It appointed Paul Thurston to chief executive of Retail Banking and Wealth Management, effective 1 March 2011. 

It also appointed Brian Robertson as chief executive of HSBC Bank and Marc Moses as group chief risk officer. Thurston has over 33 years experience in the banking industry, latterly as CEO of HSBC Bank where he was responsible for the UK consumer and commercial banking businesses.

Plurimi Capital, a London-based wealth management firm, appointed the Earl of Clanwilliam as chairman of its advisory board. Lord Clanwilliam sits on the boards of various companies, such as Polyus Gold and CBM Oil, in both non-executive and executive capacities, and he is also the chairman of Eurasia Drilling Company.

Reeves Investment Management appointed Mike Sargeant as an investment director, responsible for developing its current range of investment strategies. Before joining RIM, Sargeant was managing director of Pharon IFA for six years and also managing director of its associated company, Lawrence House Fund Managers.

Rathbone Brothers made a number of changes to its board, including the appointment of Mark Nicholls as an independent non-executive director and chairman-designate. The current chairman, Mark Powell, will retire from the board on 11 May 2011 after the firm's annual general meeting. Meanwhile John May, a non-executive director, stepped down from the board. Rathbones Investment Management, meanwhile, appointed Ian Tansley as an investment director at its Birmingham office. Tansley joins the firm from Deutsche Bank Private Wealth Management

RBC Wealth Management boosted its London-based investments team with a trio of senior hires, including that of George King as head of portfolio strategy and head of investment consulting. King joins the firm from Barclays Wealth, where he had been a director within the investment advisory team. Josef Portelli was named head of discretionary fixed income portfolios, having formerly been a fixed income portfolio manager at ACPI Investment Managers running multi-currency fixed income funds and bespoke portfolios. Pedro Ferreira joined as a senior investment advisor; he was previously an investment advisor within the private banking unit of Banco Comercial Português.

Mercer made a trio of senior hires intended to support the growth of its implemented investment solutions business. Mark Stanley was named head of business development and client service within Mercer’s UK investment management business, Dan Melley was appointed UK leader for Mercer Dynamic De-risking Solutions, and Alan Baker was given the role of EMEA head of solutions management. Mercer appointed Mandy Turner as a senior consultant in Bristol. Turner previously spent 15 years with Aon Hewitt

Standard Chartered Private Bank hired Margot Sutton as a senior director on its Africa team, a key market for the bank. Sutton joins from Barclays Wealth, where she was a director, international private banking.

Barclays Wealth added five senior private bankers and executives to its team in Scotland.. Jonathan King and Simon Lewis are joining as private bankers, and Ryan McDonald will be taking on the role of financial planning regional director, while Martyn Padden and Richard Peacock have been promoted to private bank executives. The firm also appointed a number of staff to the London and South East division of its UK & Ireland Private Banking business. All are joining the teams headed by Ben Covey and Stuart Cummins. The most senior appointments were those of Victoria Hoskins, who is moving from the firm’s investment management team to become a director in the private banking business, and David Miller, who formerly worked at Coutts and has been appointed as a vice president.

Appointed as assistant vice president were Joseph Tuson, also formerly of Coutts; Mark Endacott, who joined from Drummonds Private Bank; Callum Petras, who has previously worked at HSBC; Robert Shihata, who joined from Bank of America Merrill Lynch, and Nigel Helen from BNP Paribas. James Pickett and Scott Phillips moved to the bank’s private wealth business as assistant vice presidents from Barclays Capital and Barclays Stockbrokers respectively, and Melanie Nolan joined from Barclays Premier (the bank's mass affluent business). Also promoted internally were Elizabeth Parker and Anne Louise Kilburn, who graduated from the firm’s “Future Banker” scheme. Other hires from outside the banking industry were Tim Rigby, who formerly worked as a barrister, and James Lord, who joined from the recruitment industry.

Barclays Wealth also appointed former Gartmore manager Mike Haslam as its head of long-only distribution, focusing mainly on the UK, Ireland and international private banking businesses in EMEA. Haslam reports to Craig Lewis, EMEA head of relationship management and distribution.

Chartis Insurance UK appointed Guy Huntley as manager of its private client group, the firm's business line for high net worth individuals. Huntley was latterly underwriting centre manager for Chartis’ private client group in California.

iShares, the exchange-traded funds business of the US asset manager BlackRock, appointed David Gardner to the newly-created role of head of sales for EMEA. Gardner has been with iShares since 2000, and was most recently head of sales for northern Europe.

Ian Marsh, chief executive of the UK private banking business at Credit Suisse, left after being in the post for just over two years, deciding to depart Credit Suisse after a 22-year career at the Zurich-listed banking group. Mark Hirst will assume responsibility for the UK private banking business on an interim basis.

Coutts & Co boosted its Milton Keynes office with the appointment of Steve Howard as senior private banker. Howard was most recently head of business development at Hotbed, the UK private investor syndicator which targets entrepreneurs, ultra high net worth individuals and family businesses.

London-based J O Hambro Capital Management recruited Sebastien Bidault to provide dedicated analytical support to its European Select Values Fund, led by senior fund manager Robbie Wouters. Bidault joins investment boutique JOHCM from Société Générale Corporate and Investment Banking.

Old Mutual Asset Managers saw the departure of Quentin Smith for Royal London Asset Management after ten years with the South African group. He will take up his new marketing and communications role at Royal London during January 2011.  Stephen Watchorn, who had been marketing and communication manager at Royal London, left to join Axa Investment Managers as head of client marketing.

SEI created the new role of senior business development director in London, hiring David Simpson, formerly of Barclays Wealth, to take up the position. While at Barclays Wealth Simpson had been head of UK asset management.

KPMG added Bob Savic to its London private client advisory practice. Savic leads a multi-lingual tax team aiming to assist HNW individuals who wish to migrate to the UK from Russia and the CIS, while also serving clients that wish to make outbound investment to the these regions. Savic comes from KPMG in Gibraltar.

Appleby Trust (Jersey) appointed Melanie McEnery as client director – private client and Nadia Trehiou as group manager within its funds team. McEnery joined Appleby in 2006 as operations manager. Before joining Appleby she spent 10 years with Mourant.

Adam & Company Investment Management hired Simon Murphy as an investment director and will assume responsibility for the bank's Glasgow investment based business. He will replace Stephen Martin, who took a team to wealth manager Brewin Dolphin in the New Year. Murphy joins Adam & Co following his departure from Ashcourt Rowan Asset Management's Edinburgh operation earlier this year.  He is joined by David Boswell, formerly of Jardine Lloyd Thomson Actuaries & Consultants. Mike Gore joins Adam's Edinburgh office as a senior investment manager. He has been with Royal Bank of Scotland International based in Jersey for five years.

Coutts & Co appointed Donna Airey, Francesca Cherubini-Stoughton and Glyn Thomas as senior investment consultants. Airey was latterly with Barclays Wealth, where she was an investment manager, working on discretionary private client portfolios. Thomas, meanwhile, has been Coutts & Co since 2004; before this he worked at BDO Stoy Hayward Wealth Management, Scottish Widows and HSBC.

Deutsche Bank Private Wealth Management hired Duncan Hodge to join its wealth planning team in Edinburgh in a client-facing role. He will report to Charles Mullins, head of wealth planning for PWM UK. Hodge joins from financial advisor Cavanagh Group.

Harmonic Capital, a London-based hedge fund firm which trades long/short macro strategies, appointed Alastair Smith as a partner. Smith was latterly a sales director at Polar Capital, the London-listed investment firm.

Jersey-based ABN AMRO Bank appointed Chris Chambers as head of investment services. Chambers joined ABN AMRO from SG Hambros, where during his 11-year tenure he had been senior investment manager and head of the Jersey investment desk.

OBSR, the UK-based investment funds research and consultancy firm which is now owned by Morningstar, added Richard Whitehall and Diego Higuera to its roster of investment research analysts. Whitehall was formerly an analyst at a London-based boutique investment firm; Higuera, meanwhile, will research the emerging markets, Asian, North American and absolute return sectors, along with also working with consultancy clients. His prior career includes fund management research and selection for an institutional investment manager.

Saunderson House, the London-based private client financial advisory firm, appointed Mark Links as chief information officer. Links was previously head of operations at the platform provider Transact.

The Bank of Butterfield & Son, part of Bermuda- and Cayman-listed Butterfield Group, appointed Patrick Norwood and Oriana Mezini to its London-based core strategy and research team. Norwood joins the firm from Close Multi-Manager, where he was a director of research.

Man Group followed up its recent acquisition of GLG by naming Richard Phillips as head of UK retail for the newly-combined business. In this role, Phillips, who was latterly co-head of UK retail for GLG, was charged developing and implementing the business’ retail sales strategy in the UK.

Northern Trust named Wilson Leech as new its new chief executive for EMEA, succeeding Biff Bowman, who has held the role since 2008. Leech has been with Northern Trust since 2004.

HSBC appointed Phelim Bolger as head of UK sales at its alternative investments division. In his new London-based role he reports to Florence Picon, head of sales and marketing at HSBC Alternative Investments. Bolger joined the firm from Union Bancaire Privée, where he was an executive director and head of UK institutional business.

Fundsmith, the newly-launched asset management venture of City of London luminary Terry Smith, hired Conrad Rey as sales director to intermediaries, responsible for marketing to independent financial advisors, wealth managers and multi-managers. Rey was latterly an investment director at Standard Life Investments.

Fidelity International said Sam Morse will take over the management of the Fidelity European Values Fund at the start of 2011. The current manager, Sudipto Banerji, was appointed portfolio manager of the Fidelity Global Opportunities Fund in October and will return to being a full time member of the firm’s global equity team.

Invesco Perpetual is to merge its UK Smaller Companies Growth and UK Smaller Companies Equity funds in March 2011. As part of the changes, Andy Crossley, formerly head of the Smaller Companies Growth fund, leaves the firm at the end of 2010 after 18 years of service.

Barclays Private Clients International, the Isle of Man-headquartered business of Barclays Wealth, appointed Andrew Corlett as its new chairman, replacing Laurence Keenan. Corlett is the managing director of Cains, a legal and professional services group also based on the island.

Dalton Strategic Partnership, the global investment firm, appointed industry veteran Richard Nunneley as an advisor, teaming up with a number of former colleagues at Mercury Asset Management. Nunneley has been a director at MAM as well as Smith & Williamson.

Smith & Williamson Investment Management appointed David Amphlett-Lewis as a director, charged with marketing the firm’s discretionary fund management business to independent financial advisors. Amphlett-Lewis joined from Deutsche Bank Private Wealth Management, where he was an investment director.

James Hambro & Partners recruited John Langrish to manage discretionary client portfolios effective from the start of 2011. Langrish formerly managed private client portfolios at Rothschild Private Banking & Trust as deputy head of portfolio management and head of UK equities.

RBC Wealth Management added Sandy Swinton - latterly of Barclays Wealth - to its team in London to serve UK-domiciled clients. Swinton, now a director in RBC’s Wealth Management UK division, had been a senior private banking director and a member of Barclays Wealth’s UK private banking group.

Societe Generale Private Banking Hambros added Rajat Vij to its Manchester office.

In his new role Vij focuses primarily on developing relationships with HNW Asians living in the northern portion of the UK and the Midlands. He reports to Amar Mir, who heads the bank’s London-based South Asian team. In his prior career, Vij spent seven years with the UK arm of India’s ICICI Bank.

Williams de Broë appointed Dougal Fraser as an investment director and a member of the firm’s executive committee. Fraser joins from BNP Paribas Wealth Management, where he had been an investment director and a member of the management committee since 2005.

Ian Ewart, a former senior wealth management executive at Barclays, joined Bank of America as the international marketing executive supporting groups such as wealth and investment management.

Roger Guy, the head of the European Large Cap fund management team and one of the leading faces of Gartmore, stood down from day-to-day fund management. The embattled firm saw its shares fall sharply.

London-based Ruffer Investment Company announced the retirement of chairman Ivan Hay Davison, while simultaneously adding Sir David Clementi and Robin Hindle Fisher to its board as non-executive directors.

Berkeley Law, the London-based wealth advisory firm, appointed Barry Adamson as partner as it moves to expand its private wealth offering. Adamson joined from Maclay Murray & Spens where he was formerly head of the England-based private client team.

Rowan Dartington, a UK-based investment manager and stockbroker, hired Robert Newman as head of managed portfolio services at its Bristol office. Newman was latterly a senior investment manager at Barclays Wealth, where he helped to build the private bank's Bristol office.

Lloyds Banking Group appointed António Horta-Osório – the chief executive of Santander UK – to succeed Eric Daniels as chief executive upon his retirement next year. Horta-Osório will join the group in early 2011 and take over the top role on 1 March. He has been at Madrid-based Santander since 2006.

The private client insurance provider Synergy Insurance appointed Giles Fairmann as business development director, in a move to strengthen its high net worth offering. Fairmann previously worked at Hiscox for 10 years.

Smith & Williamson appointed Jerry Barnes to develop the private client service at the firm’s Bristol office. Barnes previously worked for Saffery Champness for 28 years, and was made partner in 1990. In 1996, he relocated to Bristol to open an office and build a team there. Smith & Williamson Investment Management, meanwhile, appointed Nick Richards as a private client business development director in a move to boost service to existing clients and develop new relationships. Richards previously spent four years at UK-based Charles Russell and three years working in the Cayman Islands for Maples and Calder, the offshore law firm.

UK-based investment manager Premier Asset Management brought in Chris White, formerly a director of Threadneedle Asset Management, as a senior investment manager. Behind the hire is Premier’s decision to bring its income funds in-house, after their having been under the stewardship of PSigma Investment Management for the past year.

Jupiter Asset Management appointed Guy de Blonay to head the Jupiter Financial Opportunities Fund, effective 1 January 2011. De Blonay was latterly co-manager of the Jupiter Financial Opportunities Fund and manager of an offshore long/short hedge fund.

Gide Loyrette Nouel, the Paris-headquartered international law firm, launched an investment funds practice, hiring Lucy Frew - formerly a director in legal and compliance at UBS - to spearhead the new business and strengthen the firm’s financial services regulatory capabilities.

The Association of Private Client Investment Managers and Stockbrokers appointed Dr Tim May as chief executive, replacing David Bennet who left the organisation. Dr May had been a non-executive director of the organisation for over 10 years.

Standard Life Wealth opened a Birmingham office with five hires, making it a third fixed location for the firm in the UK alongside Edinburgh and London. It hired Alastair Garvie and Gregg Henderson as senior client portfolio managers, John Payne as a client portfolio manager, and Eileen Morrison and Clare Messham as client portfolio manager assistants.

Jeremy Smilg, head of products and wealth planning solutions, and Julie Bridge, client and business management executive for EMEA, left Bank of America Merrill Lynch - with Smilg leaving due to restructuring at the bank. Smilg joined the firm in mid-2008; he left in September and it is not believed there will be a direct replacement for him. Bridge, meanwhile, joined the firm in 2004.


Swiss Life appointed Paul Weibel as head of its private client group, replacing Thomas Bahc who will remain on the firm’s executive board, effective 1 December 2010. Weibel was previously head of life business for private clients at Zurich Suisse. He also worked at Winterthur Assurances.

Jakob Schaad was named to head up the Swiss Banking Association’s international financial markets department. Schaad, who takes up his new role on 1 March 2011, was latterly an economic policy advisor to Doris Leuthard, federal councillor and president of Switzerland. His earlier career includes various positions at the Swiss National Bank, as well as the post of senior advisor to Switzerland’s executive director at the International Monetary Fund in Washington.

The Swiss private bank Lombard Odier hired Dominic Tremlitt – formerly of Barclays Wealth – as a senior executive within its international private banking team. Tremlitt, who was a managing director, international private banking at Barclays Wealth, is set to join Lombard Odier next March. He will be based in Geneva for his new role.

The asset management arm of the Swiss banking group SYZ & Co appointed Marc Clapasson as head of business development, senior vice president, in its institutional management division. Before joining the SYZ group Clapasson was in charge of product and client development in Geneva with Millennium Global, a London-based alternative investment firm.

Merrill Lynch Wealth Management named Peter Schmid – latterly of UBS - as the new general manager and chief executive of its Swiss bank. Schmid replaced Mario Alini, who had been acting chief executive and general manager of Merrill Lynch Bank (Suisse) since September.

ABN AMRO appointed Erik Jens as country executive and CEO of ABN AMRO Private Banking Switzerland. He took over from Hugues Delcourt, who left the bank to return to Luxembourg for personal reasons. Jens joined the Pierson side of what became MeesPierson in 1991 and has held a variety of roles with the group through its sale to Fortis and Fortis’s sale of the Swiss business to ABN AMRO.

Société Générale Private Banking appointed Nicolas de Ziegler as head of the ultra high net worth individual unit in Geneva. The firm has also appointed Gustav Koskull and Caroline Gérin Castagné to work directly under de Ziegler. De Ziegler was previously head of the Geneva unit of BDG, prior to which he was head of portfolio management at Crédit Agricole in Switzerland.

Deutsche Bank Private Wealth Management appointed Karine Genevey as head of EMEA, advisory group. Genevey was latterly head of absolute return product at Barclays Wealth. She has also worked for Morgan Stanley in institutional securities. Genevey reports to to Arnaud Apffel, head of GIS EMEA and Trang Chu, head of GIS global capital markets.


The US-based investment consulting firm Wilshire Private Markets boosted its Asian network with the hire of Gary Gabriel as managing director for the Asia Pacific region.

Gabriel joined from Future Fund Management Agency, where he served as head of private markets.

Aside from being the new AsiaPac head, Gabriel will also serve as the head of Wilshire's Canberra office.

Centric Wealth, the Australian wealth advisory firm, appointed Greg Dunger as director of financial planning.

Dunger was the managing director of RetireInvest from 2006 to 2009 and, prior to that, served as managing director of AON Financial Planning and AON Wealth Management. He was most recently a consultant at AMP.

In his new capacity, Dunger will be responsible for Centric's financial planning business and will report directly to John McMurdo, chief executive. He takes over from John Hart, who moved to a new role as head of mergers, acquisitions and growth.

Bravura Solutions expanded its global wealth management unit with the appointment of John Burke as sales executive for Australia.

Burke was most recently an account manager for Bravura. In his new capacity, which will have him based in Melbourne, he will be responsible for driving new business throughout the country.

Former Credit Suisse Private Banking Australia Asia desk head Kenny Ng moved to JBWere as the latter's new executive director.

Ng is known for establishing the Asia desk for Credit Suisse's Australia office when he served as vice president and head of the bank's Asian business. His division focused on high and ultra high net worth Chinese clients domiciled in the country.

Joining him as director is Vivian Moo, previously the assistant vice president at Credit Suisse Australia. Prior to that, Moo served as sales manager at Citi Australia and as a portfolio manager at Hwang-DBS in Malaysia.

St George Private Clients, the wealth management division of Australia's St George Bank, appointed James Blackshaw as head of its Queensland and Western Australia operations.

Blackshaw was previously the east coast director at BankWest Private Banking and was earlier the state director for Queensland. He also served in key roles at the private banking divisions of Macquarie Bank and ANZ.

In his new position, he will assist in St George's private banking expansion strategy into local territories, providing support across various financial functions, including banking, lending, wealth, insurance, taxation and estate planning.

ING Investment Management Australia bolstered its wholesale unit with the appointment of Mark Harper as senior business development manager for the southern region.

Harper joined the company from AXA Australia, where he was national sales manager of group life insurance. Prior to that, he worked at NAB as senior project analyst and team leader, specialising in project management and transformation projects. In his new role he reports to Stuart Devlin, the southern region manager who was hired in August this year.

Westpac Private Bank appointed Jane Watts as its new general manager.

Watts spent the last eight years at Macquarie Wealth Management, where she was most recently the head. Prior to that, she held executive roles at Lend Lease/MCL and Westpac.

The Asia Pacific investment manager Treasury Asia Asset Management added Kenneth Wan to its growing team.

Wan previously served in senior positions in the likes of Maple Brown Abbott, Credit Suisse Asset Management and Citadel Investments.

The Australian financial services firm Yellow Brick Road brought in ex-Mercer Wealth Solutions head of financial planning Scott Walters for the newly created role of retail head of financial planning.

Walters brings two decades of industry experience to the position, which will see him responsible for all aspects of the retail network's financial planning service.

The international law firm Davis Polk & Wardwell added Chinese and Hong Kong M&A lawyer Paul Chow to its Hong Kong practice.

Prior to Davis Polk, Chow served as partner and head of Linklaters' Beijing branch. Before that, he was a partner at Linklaters' Hong Kong office and at Slaughter and May. He also serves as a solicitor at both the Senior Courts of England and Wales, and the High Court of the Hong Kong SAR.

The Offshore law firm Ogier named James Bergstrom as managing partner for its Hong Kong office.

Bergstrom, who is relocating to Hong Kong from the Cayman Islands, takes over from Duncan Smith, who is set to retire. Prior to his new role, he was managing partner of Ogier Cayman's legal business for eight years.

Fox Partnership, the private banking executive search firm, launched a new Hong Kong-based unit that will continue to specialise in high level appointments in the private banking sector. Fox Partnership (HK) is the firm's second unit in Asia, having set up in Singapore three years ago with co-founder and chief executive Simeon Fowler at the helm. The Hong Kong office will still be led by Fowler, who will relocate to the territory from January 2011 with a team of search specialists.

Withers Hong Kong expanded its team with the relocation of Katie Graves from London as partner.

In her new role, she will focus on international trust structuring advice, as well as UK tax advice for individuals and trustees.

Bank Sarasin & Co appointed Michael Coglin as managing director and chief investment officer for Asia.

Based in Hong Kong, Coglin will report directly to Enid Yip, the bank's chief executive for Asia, regionally, and to Burkhard Varnholt, head of the asset management, products and sales division and CIO, on a functional basis.

Coglin joined the company from Deutsche Bank Private Wealth Management, where he specialised in global investment solutions and product management. Prior to that, he worked for Barclays Capital, JP Morgan, National Westminster Bank and Goldman Sachs.

Aviva South Asia named Allan Griffiths as managing director for the region.

Griffiths rejoined the company after being chief executive of the firm's Australian operations from 2003 to 2009. He left Aviva at the end of last year following National Australia Bank's takeover of the firm's wealth management and insurance units.

The Royal Bank of Scotland appointed Prateek Pant as head of wealth solutions at its private banking business in India.

Pant was most recently the head of retail advisory at Franklin Templeton Investments, India. In his new Mumbai-based role, he will be overseeing a team of staff comprising investment strategists, investment advisors and product managers. He reports to Shiv Gupta, head of RBS's private banking unit.

UBS Wealth Management made several hires for its ultra high net worth team in South Asia. Stepping in from JP Morgan Private Bank was Elan Cohen, who at UBS takes up the role of managing director. Cohen was in a similar role at JP Morgan, where he was responsible for managing global discretionary portfolios for the bank's largest private clients in Asia. Rizvan Baig also joined the UHNW group, and was named executive director. Baig also comes from JP Morgan, where he was executive director and senior relationship manager. Completing the list of new hires was Matthew Peh, who stepped in as associate director, also from JP Morgan. He was previously an associate and investment advisor for Asia at the private bank.

BNY Mellon bolstered its Japanese operations with the appointment of Thom Fisher as general manager of its Tokyo branch and as country executive for Japan.

Fisher’s former career includes senior management positions at Deutsche Bank, Natwest Securities, Tiger Management, BPB Associates and Morgan Stanley. Most recently, he served as a consultant to Blue Sky Strategy, a UK-based hedge fund manager.

In his new role as country executive, Fisher is the chief strategist, leader and senior representative for the company's business groups with regulators and clients. He reports to Christopher Sturdy, the chairman of Asia Pacific based in Hong Kong.

Nikko Asset Management appointed Charlie Metcalfe as its new president of Europe, subject to FSA approval. Meanwhile, Charles Beazley, head of international and institutional business, moved from London to Tokyo.

Metcalfe was latterly a non-executive advisor with Auden Capital. He is a former chief executive of First State Investments, the Asian and emerging markets investment manager. In his new role Metcalfe will run the firm’s business across Europe and the Middle East, as well as oversee the US operation. In Tokyo Beazley will now be responsible for all Nikko AM’s businesses outside Japan, as well as its Japanese institutional business.

Allianz Investment Management promoted Nikhil Srinivasan, currently the chief investment officer for Asia Pacific, to group CIO based in Munich.

Srinivasan is relocating to Europe from Singapore, where he held his present role since 2006.

In his new role, which takes effect in the first quarter of 2011, Srinivasan will be responsible for the firm's investment strategy across various asset classes. His old position as CIO and chief executive in Asia will be assumed by Bernd Gutting, previously head of group investment strategy for AIM in Munich.

UK fund manager Threadneedle appointed Raymundo Yu to the newly created position of Asia Pacific chairman. Yu was most recently chairman of Merrill Lynch and a member of the said firm's operating committee. He retired from his Merrill post in December 2008.

Bank Sarasin created a wealth management solutions team in Asia, based in Singapore. The new unit, to be led by Anne Luke as managing director, will be responsible for originating, structuring, and executing financial solutions for clients. Luke, who brings over 20 years of private and investment banking experience to the firm, will report to Enid Yip, the bank's chief executive for Asia.

Prior to Sarasin, Luke was with the wealth management division of Credit Suisse in Singapore. Before that, she served at UBS's client service and legal departments for over a decade.

Standard Chartered is looking to hire up to 4,000 new staff in southeast Asia over the next two years, the Financial Times reported.

The staff additions will be mostly unannounced, Ray Ferguson, chief executive for Southeast Asia, told the news service in an interview. The hires will be made alongside the bank's planned expansion strategy in the region, which will reportedly be made through organic growth.

DBS Private Bank, the subsidiary of DBS Group, appointed Chan Kwee Him as country head of Indonesia.

Chan joined the firm from Bank of America Merrill Lynch, where he served as managing director of investments, Pacific Rim, under the private banking and investment business. In his new role, he will lead the private bank's development in Indonesia from Singapore and will report to group head of wealth management Tan Su Shan. He will manage a team of 30 relationship managers.

Also hired by DBS was Bryan Goh as head of alternatives. Goh comes from UK alternatives firm First Avenue Partners. At DBS, he will provide due diligence, manager sourcing and selection, and manage operations involving hedge funds, private equity and real estate funds.


Thomas Miller Investment, Isle of Man appointed Carolyn Gelling to its private wealth division as a senior portfolio manager. Gelling previously worked for Close Wealth Management, where she was an associate director.

Barclays Wealth appointed Edward Buckland as global head of fiduciary to be based in Jersey. Buckland joined from the Bedell Group, where he was a partner. He has over 20 years of experience in the offshore trust sector, focusing on the creation and administration of private trust companies.

Mercer made a number of top-level changes to the management of its investment and retirement, risk and finance businesses. The changes saw Andrew Kirton – the global head of investment consulting – take on the newly-created role of global chief investment officer, reporting to Phil de Cristo, president and group executive of investments. Meanwhile, Asghar Alam was appointed to assume Kirton’s previous position, overseeing the firm’s global investment consulting activities. Jacques Goulet, formerly regional business leader for Europe, Middle East and Africa for retirement, risk & finance, was appointed to move to the US to take over Alam’s former role as regional business leader for the same division. David Goldenberg, Mercer’s general counsel, was named to transfer to the investment business as global head of solutions management.

The international law firm Ogier appointed eight new partners to the group across a number of jurisdictions. The appointments include Tania Bearryman and Nigel Sanders, based in Jersey and specialising in employee benefits and private wealth, and litigation, restructuring and insolvency respectively.  Also based in Jersey and recently made partner was Simon Mackenzie, whose areas of expertise are corporate and commercial, private wealth and investment funds. Tim Bridges and Nathan Powell were named partners, to be based in Hong Kong.

Bridges specialises in corporate and commercial, investment funds and structured finance. Powell’s main practice areas are corporate and commercial, banking, restructuring and insolvency and real estate. Angus Davison and Andrew Moorehouse were made Cayman-based partners. Davison focuses on investment funds, structured finance, corporate and commercial, and listing services, while Moorehouse works in the investment funds and corporate and commercial sectors. Fran Watson was made partner in Guernsey. Her main practice areas are investment funds, corporate and commercial, and listing services.


Alexei Rodzianko, the former head of private banking at Credit Suisse in Moscow, resurfaced as the new chief executive of Metropol, the Russian brokerage, asset manager and investment bank.

Societe Generale Private Banking named Laurent Joly as its new global head of wealth planning, fiduciary services and life insurance, promoting him from head of the firm’s private banking business in Luxembourg. In his new Paris-based role he succeeds Olivier Gougeon, who was recently appointed as SocGen Private Banking’s South Asia chief executive. Joly assumed leadership of the firm’s private banking business in Luxembourg in 2006 and prior to this had been head of sales for SocGen Private Banking France for three years.

Replacing Joly as head of private banking at Societe Generale Bank & Trust Luxembourg is Claudio Bacceli, who was appointed as head of sales in the Duchy in July 2009 and who was previously named deputy head of private banking activities there in 2008.

Bacceli’s successor as deputy head of private banking and head of sales at Societe Generale Bank & Trust Luxembourg is François Farjallah. He first joined SocGen Private Banking in 2007 as CEO of the Greek branch and a member of the executive board of Societe Generale Private Banking Middle East in Dubai. Before joining the French banking giant he spent close to a decade with Credit Suisse, where his roles included that of senior private banker in Switzerland covering the Greek and Cypriot markets.

Ulster Bank appointed Patrick Farrell as head of private banking in the Republic of Ireland. Farrell was previously head of commercial marketing at Ulster Bank, having first joined the company in 2006 as head of product management.

Lombard International Assurance appointed Amaury de Potter d’Indoye to the newly-created role of director, independent practitioners, with effect from January 2011. In his new role d’Indoye will be responsible for Lombard’s relationships with independent asset managers, fiduciaries, tax advisors, lawyers, accountants and family offices.  D’Indoye has been with the firm since 2001.

Julius Baer SIM appointed a new chief executive and a new vice chairman of its board of directors. Gian Paolo Bardelli was latterly head of private banking at Julius Baer in Singapore and a member of the bank’s Asian executive board. In his earlier career he worked for UBS in Zurich, Geneva and London and managed BDL Banco di Lugano’s subsidiary in Singapore. Julius Baer SIM’s outgoing CEO, Stefano Canossa, is to return to Zurich to assume an important position in development projects. The new vice-chairman of Julius Baer SIM’s board of directors is Giovanni Flury, a member of Julius Baer’s executive board.

Carey Olsen hired Christopher Anderson as a corporate partner in its Guernsey office. Anderson previously worked for Clifford Chance in London and Clayton Utz in Sydney.

Close Bank Guernsey Limited hired ex-Barclays Wealth manager David Costello as a senior relationship manager in its banking team. Costello has 30 years of experience in the wealth banking sector, and has managed a portfolio of high-value intermediary clients. Prior to his time at Barclays Wealth, Costello was a senior corporate manager with Royal Bank of Scotland International in Guernsey and head of franchising for NatWest in London.

Wermuth Asset Management named Maarten van den Belt as partner and chief executive for Russia. van den Belt was latterly CEO for Russia at Visa International, based in Moscow. Before this he was chairman of the board at WestLB Vostok, having spent the preceding seven years at Raiffeisen Bank. In his new role van den Belt reports to Wermuth's board, of which he is also a member.

Edmond de Rothschild Asset Management appointed Laurent Le Grin as a fund manager. Le Grin was latterly a senior manager of European convertible bonds at Fortis Investments/BNP Paribas Asset Management, a role which he had held since 2006. He first joined Fortis in 2002 to manage European equity funds and micro-caps, having previously worked as an equity analyst at Banque Générale du Luxembourg.

Nikko Asset Management appointed Charlie Metcalfe as its new president of Europe, subject to FSA approval. Meanwhile, Charles Beazley, head of international and institutional business, moved from London to Tokyo. Metcalfe was latterly a non-executive advisor with Auden Capital. He is a former chief executive of First State Investments. Other prior roles include deputy CEO of Hermes Investment Management, as well as positions at Goldman Sachs and Merrill Lynch Capital Management. Both Metcalfe and Pickerell will report to Beazley.

Swiss Life appointed Tanguy Polet as managing director of its private bank, effective from 15 November 2010, a role which will include a position on Swiss Life France’s executive committee. Polet was latterly managing director of Swiss Life Luxembourg, before which he was commercial director at Swiss Life Belgique.

Citi’s global transaction services team hired Kamran Anwar as product head for private equity and real estate services for investment managers. Anwar has been with Citi since 1993 as part of the Salomon Brothers' division in New York. Since then, he has worked in multiple regions including South Asia, the Middle East and Europe.

Deutsche Bank appointed Maarten van Berckel as chief country officer for the Netherlands, effective from 1 December. Van Berckel has 25 years of experience in the financial industry and was previously Deutsche Bank’s chairman for corporate finance in the Benelux region. He joined the bank in 2008. Prior to that, he was a managing director of Lehman Brothers International (Europe) and chief executive of Lehman Brothers Benelux. Van Berckel reports to Juergen Fitschen, member of the management board of Deutsche Bank.

North America

Vulcan Capital chose hedge fund veteran Paul Ghaffari as chief investment officer. Seattle-based Vulcan Capital was founded in 2003 as the investment arm of Vulcan Inc., the family office of Microsoft co-founder Paul Allen.

Ghaffari was a founding partner of FrontPoint Partners. He left FrontPoint in 2006 when it was acquired by Morgan Stanley.

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.

JP Morgan Asset Management hired Michael Falcon as managing director and head of retirement in the US and Canada.

Prior to his new role, he managed a financial media and consulting firm founded by NBC's Today financial editor Jean Chatzky. From 2000 to 2008, he served as senior executive in Merrill Lynch's wealth management unit, where he was responsible for the retirement division.

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. The team manage $223 million in client assets.

Cypress Trust Company appointed Palm Beach County attorney Erik Edward Joh as president and chief executive. Joh joins 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.

HighTower lured an advisor team in upstate New York, The Morgia Group, from Morgan Stanley Smith Barney.

Tony Morgia is the team's founder and joins as managing director and partner. Michael Morgia and Philip Banazek also join from MSSB as managing directors and partners. Rounding out the team is Mark Banazek who comes on board as a financial advisor.

Lorraine Monick joined Harris myCFO as a managing director of Investment Advisory Services in the Menlo Park, California office. Monick most recently served as managing director in Seattle for Mt. Eden Investment Advisors, a San Francisco based independent advisory firm.

Boston Private Financial Holdings appointed James Garvey chief executive officer and president of its Northern California affiliate, Borel Private Bank & Trust Company. Garvey steps in from Charter Private Bank where he served as president and CEO. Garvey replaces James Dawson, who will serve as interim CEO until the transition is completed. He will also replace Dawson on the Borel Private Bank board.

Along with this appointment came the announcement of a new chief executive for BPFH's Southern California affiliate, West Coast Private Banking Group. V Charles Jackson, currently the CEO and president of First Private Bank & Trust, takes up his new role in January.

Terry Kane joined First Republic Private Wealth Management in Palo Alto, California as senior trust officer and senior vice president and Horacio Teran as senior portfolio manager and managing director.

Kane has more than 25 years of trust experience at financial services companies and law firms, a law degree from the University of Southern California, an M. Phil from Oxford University and a Bachelor of Science degree from the University of Santa Clara. Teran has 10 years of wealth management experience at firms including Bank of America and Wells Fargo.

Robert Gould, head of wealth management at Brown Brothers Harriman, will retire this year. The decision to leave was made by Gould, a 30-year veteran of the low-profile bank.

Heidrick & Struggles International named Todd Taylor to its financial services practice, with a focus on clients in the wealth management sector.

Taylor steps in from start-up advisory firm Hedge Fund of Funds, where he served as co-founder and managing partner. Prior to that, he spent 22 years at Morgan Stanley in various roles, including leading the company's high net worth business.

Susan Mucciarone joined Glenmede as senior vice president and director of wealth services, and a member of the company’s management committee. Mucciarone left Wells Fargo where she was executive vice president and senior managing director of the bank’s East Coast Family Wealth business.

Northern Trust named Wilson Leech as its new chief executive for EMEA, succeeding Biff Bowman, who has held the role since 2008. Bowman has been appointed to replace Lee Selander who is retiring as head of the Americas for corporate and institutional services. The appointment will see Bowman relocate to Chicago from London.

Northern Trust also named Peter Cherecwich as head of global fund services. Cherecwich is chief operating officer of the company's corporate and institutional services unit, a role he will maintain in addition to his new Chicago-based position. He takes over from Leech.

BNY Mellon Wealth Management hired James Carley as vice president and sales director for its West Hartford, Connecticut, office. Carley joined from Oppenheimer Trust, based in Florham Park, New Jersey.

John Taft, chief executive of RBC Wealth Management, Royal Bank of Canada’s US wealth management arm was named chairman of the Securities Industry and Financial Markets Association for 2011. Taft will also continue in his role at RBC.

Bessemer Trust appointed W Scott Sanford as principal. Sanford joined the company from Foster Investment Consulting, where he was also a principal.

JP Morgan named Leslie Lassiter market manager of its Private Wealth Management office in Los Angeles. Lassiter returns to the West Coast after serving in a number of roles throughout her more than 20 years with the firm. Most recently, she was market manager for the New York metro team.

Citi Private Bank appointed Paul Baldovin senior vice president and wealth planner for its Palm Beach, Florida office. Baldovin steps in from Wells Fargo Private Bank, where he served as senior vice president and senior financial planner at its Fort Lauderdale branch.

The Riven Group, a UBS financial advisory team that focuses on retirement investment strategies, expanded its Westport, Connecticut office with the appointment of Kimberly Keeping as a financial advisor. Keeping was previously a financial planning analyst at Westport Resources Management.

Stone & Youngberg appointed Stephen Collins as senior vice president and New York branch manager, responsible for building out the firm’s high net worth private client business in the Northeast. Collins is a 25-year industry veteran and was previously responsible for institutional and retail sales and development at Laidlaw & Co.

RBC Wealth Management made senior level appointments to its business unit. Retiring as chief administrative officer and head of RBC Correspondent and Advisor Services is Mike Kavanagh, who has been with the firm for the past 25 years. He will be replaced by Catie Tobin, head of business development for RBC Wealth Management, as head of the correspondent and advisory unit.





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