People Moves

Global Executive Moves - April 2011

9 May 2011

Global Executive Moves - April 2011

April was a brisk month for moves, and in the UK, Barclays Wealth, for example, saw a large number of hires.

James Field, a director in the UK who leads Deutsche Bank Private
Wealth Management’s professional connections with law firms and accountancy
practices, retired from the firm. Field is said to be considering various
trustee positions and consultancy work.

Barclays Wealth added Neil Mitchell to its Edinburgh office as a private banker – a new
entrant to the industry recruited via the firm’s Embark programme. The firm
made three hires for its private banking and financial planning division in
Bournemouth, continuing its UK
regional growth plans. Dean Moore joined as a wealth advisor. Moore has had previous roles at Hargreaves
Lansdown Asset Management and HSBC Private Clients. Danny Blowfield became a
private banker; he had been working for the Barclays Group for over 25 years.
Alexander Wilkins was made a private banking executive. Wilkins was latterly at
Barclays Premier and prior to this he worked for Halifax and HSBC, advising
clients across Southampton and the New Forest.

Barclays Wealth made two hires in its investment advisory
team for UK & Ireland and
international EMEA division. Jean-Pierre Casey became a director in investment
advisory. He was latterly head of regulatory policy at Barclays Wealth for four
years and previous roles include head of research at the European Capital
Markets Institute, where he maintains research fellow status. Adam Eisenberg
joined as a vice president from Guggenheim Investment Advisors. The firm also
appointed Pakorn Boonyakurkul as managing director, head of North
Asia, joining from HSBC Private Bank.

The firm appointed Theophanis Theophanous, a former private
client chief at Deloitte, to its ultra high net worth banking team in London, where he will be
a managing director. Theophanous was latterly a partner and head of private
client services at the financial services giant in Cyprus, a position to which he was
appointed in 2009. He first joined Deloitte in 2001. He reports to Stefanie
Drews, head of UHNW and family offices for the UK
and EMEA, and Henry Fischel Bock, head of the London office for the international private
bank in EMEA.

The appointment follows that of Soloman Soquar, who joined
the UHNW team from Citi Private Bank to head up the Strategic Solutions Group,
which aims to offer UHNW clients access to products and services offered by
Barclays Capital and Barclays Corporate.

Barclays Wealth also appointed Rupert Watkins as a private
banker within its high net worth team. Watkins, latterly was a private banker
at Credit Suisse. It also added Peter Arkell and Fred Lane, both most recently at Credit
Suisse, are to join as director and vice president respectively.

F&C appointed Andy Penman as an analyst in its global
thematic equities team. Penman joined from Barclays Wealth, where he was global
banks analyst and ran US equity model portfolios. He has also worked for Brown
Brothers Harriman & Co and Lloyds Investment Managers, among others. Penman
reports to Sophie Horsfall, head of global thematic equities. F&C also
appointed Nabil Owadally as a derivatives fund manager and Charlie Porter and
Jeremy Charles joined its executive committee.

Alexander Classen, former head of private wealth management
for Europe and the Middle East at Morgan
Stanley International, was hired by RBS Coutts Bank as its new chief executive,
taking over from Gerhard Mueller, who is retiring from the post.

Under the change, Mueller retired from the CEO position. He joined
the board of RBS Coutts Bank to continue his association with the firm.

Turcan Connell, a Scottish law and asset management firm,
promoted Richard Hyder to head of charities investment, a new role. Hyder has
been at Turcan Connell since 2002 and was previously a senior investment
manager. It also appointed Tim Hall, a 26-year industry veteran, as a non-executive
charity investment consultant. Hall joins the firm from the investment
management firm Martin Currie.

Ashcourt Rowan, the wealth management arm of Syndicate Asset
Management, appointed two new regional directors, Steve Daykin and Chris
Johnson, for the northern and southern regions respectively. Daykin and Johnson
were both latterly senior area sales managers with Co-operative Bank
Independent Financial Advisers, which was acquired by Ashcourt Rowan last

HSBC Private Bank appointed William Lawton as managing
director, head of the private bank South Asia
investment group, and Jeffrey Benjamin as managing director in its
international private wealth team. Lawton
is responsible for delivering appropriate investment ideas, solutions and services
to clients across the region. He has more than 20 years of experience in
investments across several leading institutions in London,
New York, Switzerland
and Singapore.
Benjamin, who oversees relationship management for non-Asian resident clients, has
extensive experience in wealth management and private banking for Asian and
European markets.

Adam & Co hired Michael Gifford as an investment
director. During his career Gifford managed both fixed income and equity
portfolios at the likes of Old Mutual, F&C and Canada Life.

LV Asset Management’s head of European equities, Mark Page,
and his colleague Laurent Millet, left the firm. Page, latterly the manager of
LVAM’s £227 million ($370 million) Europe
ex-UK Growth fund, was replaced by Richard Falle as manager on an interim
basis, with support from Piers Hillier, the firm’s chief investment officer.

Martin Davis, the chief executive of Openwork, the UK-based
financial advice network, is to leave the firm by the end of 2011. He is
leaving to take up a new non-distribution role. Kate Avery was appointed as
temporary executive chair of Openwork to head up the process of finding a
successor for Davis, who has held the top role since July 2009. Avery was
latterly non-executive chair of Openwork.

was hired by Cofunds, the independent investment platform. Davis replaced Charlie Eppinger, CEO since
2003, who will stay on at the company as chairman.

Pictet Asset Management appointed Avo Ora as a senior
investment manager responsible for the management of Asia
ex-Japan regional portfolios. Ora was previously at Putnam Investments in Boston, where he was a
senior vice president with responsibility for Asia-Pacific (ex-Japan)

Rowan Dartington appointed Robert Newman as head of its
Bristol-based advisory team, Dan Williamson as head of discretionary and Ben
Cooper as head of risk and compliance. All three report into Graham Coxell,
chief executive of the UK-based private client stockbroker and wealth manager.
Newman joined Rowan Dartington in November 2010 from Barclays Wealth. He also
worked for Albert E Sharp before the firm was bought by Barclays.

Skandia International, part of Old Mutual Wealth Management,
appointed senior manager Steven Levin as chief executive, replacing Andre
Oszmann, who decided to leave the business after 27 years at the firm. Levin
was with the Old Mutual Group in various roles since 1998.

Arjent, the London-based boutique wealth manager, appointed
two investment managers for its new office in Truro,
Darren Horton heads the new office, and joined from a now defunct stockbroking
firm in Redruth. Marek Koch, rejoined Arjent after a period spent with Charles
Schwab as an investment manager.

Brown Shipley added to its Birmingham office with hires Clive Batchelor
and Adrian Lewis as senior private banking managers. They were formerly private
bankers at Coutts.

The London-based alternatives house BlueCrest Capital
Management saw the departure of currencies manager Reto Feller. He was thought
to be considering a move to private banking. While at BlueCrest, Feller managed
the firm's proprietary currency portfolio.

Bank Sarasin hired two private bankers to join its Trading
Family Offices division, aiming to help grow the business in the UK and the Middle East.
Nicolas Homann and Kilian Jay van Seldeneck joined the unit. Both Homann and
Seldeneck were latterly at UBS Wealth Management, where the former was
responsible for the UK
intermediary business and the latter worked in the Middle
East intermediary business. They are based in Zurich.

Aberdeen Asset Management added to its European high yield
bond team with Mark Sanders as a credit analyst, reporting to Paul Reed, head
of European high yield bonds. He joined from Henderson Global Investors, where
he was on the high yield and credit restructuring teams. Previously, he spent
six years working for New Star Asset Management on the high yield bond funds
team and 10 years for Aberdeen Asset Management. The firm, meanwhile, named
Steven Nicholls as head of EMEA client portfolio managers and Andrew Allen as
director of global property research.

Before joining Aberdeen,
Nicholls was at PIMCO in London, where he led a
team for UK
institutional client servicing and worked with distribution teams to facilitate
new business strategies.

Schroders appointed Michelle Inskip to the newly-created
role of consultant relations manager, and Ros Keenan and Maria Solechnik as
members of its team of consultants. Inskip was previously a director of the
consultant relations team at Insight Investment. She has also held positions at
HSBC Investment Management and Lazard Asset Management. Keenan joined Schroders
from Bluecrest Capital Management, and Solechnik from UBS Global Asset

City Asset Management hired Chris Gillam as intermediary
sales manager for Essex and East
Anglia. Gillam joined from Ashcourt Rowan
Asset Management, where he was an intermediary relationship manager covering
Essex and East Anglia.  He also held intermediary sales roles at Blue
Sky Asset Management and Cazenove Capital.

Gibson Tullberg, the wealth management search firm,
appointed Will Grace to its UK
business to develop the UK
private client practice alongside Simon Worthington.

The firm also boosted Singapore office with the hire of
Cedric Xiankai Tay from the public relations agency Citigate Dewe Rogerson.

HSBC Private Bank appointed David McKenzie as managing
director and head of credit advisory. It also elevated Karina Challons, head of
the tax and financial planning team, to managing director level. David
McKenzie, who first joined HSBC Private Bank from NatWest in 2001, succeeded
David Stoppard, who retired. In his new role McKenzie reports to Declan
Sheehan, regional chief executive for the UK
and Channel Islands. Challons worked for HSBC
Private Bank for close to 12 years.

Boodle Hatfield appointed Sara Maccallum as the new head of
its private client and tax department. Maccalum, a tax lawyer, replaced Sue
Laing after 10 years in the position, which rotates between partners. Maccallum
joined Boodle Hatfield in 1997 and was made a partner in 1999. Since 2005 she
has been head of the firm’s commercial tax group.

JM Finn & Co, the independent investment manager, joined
the growing list of wealth firms to use sports players as part of their
branding strategy by appointing former England test cricketer Alec Stewart
as its brand ambassador. Stewart, the former Surrey and England
wicketkeeper, is involved across a range of JM Finn & Co's marketing
activities, including stakeholder and staff relations, media and PR, and within
JM Finn’s existing sponsorship portfolio.

Vestra Wealth appointed three portfolio managers, all
formerly of Barclays Wealth, to join its team in London. While at Barclays Wealth, Andrew
Palmer, Bandish Gudka and Oliver da Cunha worked with UK and
international resident non-domiciled high net worth individuals.

Cazenove Capital appointed Euan Dangerfield to head its
private wealth management team in Jersey. He
assumes the role in July. Dangerfield was latterly managing director of Asset
Risk Consultants (Jersey) – a role he took up in 2008 – having previously been
director of investment services at Mourant Private Wealth in Jersey.

Baring Asset Management, named Thomas Kwan as head of Asian
debt. Kwan joined from ICBC Credit Suisse in Beijing, where he was responsible for global
macro research and asset allocation strategy, developing and managing absolute
return global fixed income, currencies and asset allocation products.

Kwan previously worked for Credit Suisse in Singapore and
Prudential Asset Management.

Newton Investment Management, part of BNY Mellon Asset
Management, strengthened its Scotland-based private client and charities team
with the appointment of a new head of charities for the region and a new
business development manager in Edinburgh.
June Jessop, latterly a director at Cornelian Asset Managers in Edinburgh, took on the role of head of charities for Scotland. She
has also worked for Stewart Ivory & Company. In her new role she reports to
Mike Connor, investment director.

Williams de Broë boosted its Edinburgh office with the appointment of
Douglas Spence as an investment director. Spence previously worked at Standard
Life Wealth, where he specialised in discretionary investment management for
private clients, along with trusts, charities and pension schemes. Prior to
this he was a regional sales manager at Citi Quilter for four years.

Brewin Dolphin added to its UK
network with Brian James as the new head and divisional director of its Plymouth office. James
most recently worked at the firm’s Nottingham
office, before which he was at Barclays Wealth and Gerrard.

Royal London Asset Management appointed Darren Bustin -
latterly of Aegon - as head of derivatives. Bustin held the same role at Aegon
and was responsible for the design, structuring and implementation of
derivative strategies across the major asset classes. Before this he was an
associate director at Alladin Capital, having previously been in sell-side
derivatives at BNP Paribas and JP Morgan.

Former Skandia head of tax and financial planning Colin
Jelley joined St James’s Place as divisional director of private clients.
Jelley worked  at Skandia for 17 years in
a range of technical and product marketing roles.

Schroders named Nick Scott as the new head of its UK retail
property division.

Scott joined from the property investor NewRiver Retail,
before which he was director of investments 
and development at Parkridge Developments.

Societe Generale Private Banking Hambros appointed Martin
O’Hare as its new chief investment officer and Andrew Dalton as its new head of
investment services. O’Hare was latterly deputy CIO, a position to which he was
appointed in 2009, and group head of discretionary portfolio management. He
joined SGPB Hambros in 2004 as an investment director before which he spent
seven years working in international equity markets for Merrill Lynch
Investment Managers.

Threadneedle hired Daniel Isidori as fund manager for Latin America. He 
previously co-managed a $1 billion Latin American active equity fund at
Baring Asset Management.

Williams de Broë appointed Robert Imbert and Gary Boxall as
business development executives within its London office. Imbert joined from Close
Brothers Asset Management, where he was director intermediary sales, a role in
which he oversaw the rollout of the firm's discretionary fund management
services to advisors.

Nikko Asset Management appointed Violet Pacileo as assistant
director of product management based in London.
Pacileo was an assistant portfolio manager on the Japan investment desk at Aberdeen
Asset Management.

The Association of Private Client Investment Managers and
Stockbrokers (APCIMS), the wealth management trade association, appointed Ian
Cornwall as director of regulation, effective 11 April 2011. Cornwall
latterly served as head of UK
regulation APCIMS, a position to which he was appointed in 2006.

Saffery Champness boosted its Scottish estate accountancy
and tax team, adding Jamie Younger to the Edinburgh
office as a partner. Younger works alongside Susie Swift and Max Floydd.
Younger’s practice covers a variety of audit, business support and tax issues.

Coutts & Co expanded its regional UK offerings with a double hire to its private
banking team in Bristol.
Simon Jackson was appointed as senior private banker and Mike Furniss has been
hired as financial planning manager. Jackson
joined from Barclays Wealth where he was a private banker in London for four years.

Mike Furniss joined from Lloyds TSB Mayfair Private Banking
in Bristol
where he was high net worth independent financial advisor.

Scottish Widows Investment Partnership appointed William Low
as head of global equities. Based in SWIP’s Edinburgh office, Low reports to Andrew
November, director of equities. Low previoiusly worked for 15 years for
Blackrock as a director and portfolio manager leading its EAFE1 portfolio
team.  Before this, Low was a portfolio
manager covering the Pacific
Basin markets at

RBC Wealth Management hired Craig Somerset as a  director in its newly-established Middle East
desk, forming part of the firm’s UK wealth management division. Somerset is based in London,
reporting to Philip Harris, head of UK Private Client Wealth
Management, RBC Wealth Management.  Somerset previously worked as a private banker for Al Mal
Capital in Dubai and, before that, as a
relationship manager at Barclays Wealth, also in Dubai.

Standard Chartered Private Bank appointed two managers at
its Africa team from Barclays Wealth. Shelly
Soor joined the team in Geneva as a senior
director and reports to Richard Howarth, senior director and Africa
market leader. Jay Hirani joined the London
based team as an associate director.

Boston Limited, part of Boston Group, the multi-family
office and financial services group in the Isle of Man,
appointed Philip Knop as a director. Knop joined having previously held the
position of senior manager for tax at Equiom.

Rothschild Private Banking & Trust made two senior
internal promotions within its trust business. Emma Roberts was appointed managing
director of Rothschild’s trust office in Guernsey, while Britta Pfister was
named managing director of the trust business in Singapore. Roberts was formerly a
director and Pfister was latterly a senior wealth planner.


Barclays Wealth international private banking division in Geneva
hired Mike Ferguson
as a managing director, and Sylvie Orsatti, Sana Al-Habal, Philippe Sala and
Fawziyah Khazal as private banker, director. All five new hires join the firm
from the Geneva
office of Lloyds TSB International Private Banking.

At its AGM, Bank Sarasin re-elected Hans-Rudolf Hufschmid and Peter
Derendinger as board members until 2014.

Credit Suisse’s head of ultra high net worth clients for Switzerland, Urs
Dickenmann, will leave the post at the end of this year. He will be replaced by
Daniel Brupbacher, a senior advisor to the bank since he stepped down from his
former post as head of asset management in Switzerland last summer.

Julius Baer elected Heinrich Baumann as a new member of its board of
directors for a three-year term and re-elected Peter Kuepfer and Charles
Stonehill for one-year and three-year terms, respectively.

Banque Profil de Gestion announced its president, Franco Antamoro de
Céspedes, and vice president, Michel Broch, will not stand for re-election to
its board of directors. Eric Alves de Souza and Alessandro Bizzozero will stand
for election to the board, and Fabio Candeli, Nicolò Angileri and Ivan Mazuranic
will stand for election for a new mandate of one year.


In France,
Credit Suisse Banque Privée (France) hired Michaël Llorens, previously a
private banker working with high and ultra high net worth individuals at
Rothschild & Cie, as a senior private banker.

Crédit Agricole named Bernard Pacory as its new head of northern France. Before
joining the firm in 1993, Pacory was president and founder of Caisse Locale de
Bondues Marcq.

AXA Wealth Management, the wealth arm of the AXA Group, appointed François
Pavée as head of marketing for Axa Gestion Privée. Pavée’s previous roles
include financial communications and marketing positions at Groupe Azur,
UAP, GIE AXA and AXA Investment Managers. He has also worked as an advisory
director at Euro RSCG C&O and Publicis Consultants.

BNP Paribas appointed Silvia Arto, replacing Louise Beveridge, as its new
head of brand and communications and head of corporate social responsibility
for investment solutions, a role for which she will join the brand,
communication and quality and investment solutions executive committees. Arto
was most recently head of communication for BNP Paribas personal investors in France and head
of external communications.

French wealth manager Banque de Gestion Privée Indosuez appointed Nathalie
Velay as head of structured financing. Velay joined the firm in November 2010,
before which she was director of financing and property at Banque Privée 1818.
She has also worked at Crédit Foncier.

Lazard Frères Gestion appointed Sophie de Nadaillac, previously head of
wealth management development, and Jean-Marie Combes, latterly a private banker
at Rothschild & Cie, as managing director and private banker respectively.

In Germany, Lazard Asset
Management has appointed Tycho van Wijk and Tjeert Keijzer as portfolio
managers and analysts, based in its Frankfurt
office, effective from the start of May. The pair, who are in charge
of launching and managing an unconstrained global equity strategy at Lazard,
join from ING Investment Management where they were the lead investment manager
and investment manager, respectively, of the ING Global Opportunities Fund.

Edmond de Rothschild Asset Management named Thomas Gerhardt as head of its
emerging markets and commodities division, based in its new Frankfurt
branch. Gerhardt latterly headed the emerging markets equity team at DWS
Investments, an asset management subsidiary of Deutsche Bank.

In Spain, Madrid and New York-based Arcano Wealth Advisors , which
includes multi-family office and asset management arms, hired Olegario
Soldevila to run the firm’s family office team in Catalonia.

In Russia, Fleming Family
& Partners, the UK
multi-family office, appointed Svetlana Le Gall, a former senior executive at Swiss
bank Clariden Leu and Russian brokers UFG and Renaissance, as its Moscow-based
chief investment officer. MFK Bank, a Moscow-headquartered firm that serves
wealthy Russians, has entered into a partnership with the Russian-based
subsidiary of FF&P.

RBC Wealth Management, part of Royal Bank of Canada, hired Valery Zaikin as a
director in its Private Client Fiduciary Services team.  Based in London, Zaikin is in charge of business development for
the PCFS business in the Eastern European market, with a particular focus on Russia, Kazakhstan
and the Ukraine.
He joins RBC from PricewaterhouseCoopers where he worked as a senior fiduciary
specialist and wealth planner in the PwC CIS law offices in Moscow.

Middle East

Credit Suisse appointed Fady Eid as market leader Levant
for Private Banking Middle East & Indian Subcontinent. He also continues as
chairman and general manager of the Credit Suisse office in Beirut, Lebanon.

Bank Sarasin-Alpen, a subsidiary of Bank Sarasin Switzerland,
hired Neil Ashford, latterly at EFG Private Bank in Abu
Dhabi, as its new managing director and head of its Abu Dhabi office.

HSBC Kuwait named Simon Vaughan Johnson as its new chief executive, a role
for which he will relocate to the country. Johnson was most recently the head
of HSBC's Middle East and North Africa
commercial banking business. He has previously worked in Hong Kong, South
America and Europe and in sectors including
private banking.

Deutsche Bank appointed Serene El Masri as head of the Middle East and Africa region for private wealth management, effective 1
June. El Masri joins from BNP Paribas, where she was chief executive of wealth
management for the Middle East and North Africa.
Her role also includes membership of the executive committee for EMEA.

HSBC Private Bank added Fiona Sheerin, formerly vice president, private
banker focusing on the African market at Barclays Wealth, to its Africa-focused
team. Sheerin, who is based in London, concentrates
primarily on Nigeria and Ghana. Before
joining Barclays Wealth, Sheerin worked at HSBC International Wealth Management
in Johannesburg
as a wealth manager.


Cayman Finance, the Cayman Islands
financial services promotional body, appointed former Cayman attorney general
Richard Coles as its new chairman. Coles is an independent director for hedge
funds, structured finance vehicles and investment and financial sector
companies. He has been a member of the cabinet and legislative assembly, a
government minister and acting governor of the Cayman

Lloyds TSB Private Banking, part of the Lloyds Banking Group, made five
appointments to its offices in Geneva, Zurich and Miami.
Urs Emmenegger, latterly at UBS, joined the Geneva operation as strategic development
director to lead a series of transformation initiatives across the business.
Markus Winzenried and Daniel Steiner joined the private bank’s operation in Zurich from Arab Bank and RBS Coutts respectively.
Winzenried is head of Saudi Arabia
and Egypt
while Steiner is a senior relationship manager. Lastly, Ricardo Morean and
Armando Gonzalez were appointed in Miami as head
of strategy and development for Latin America,
and as senior relationship manager, respectively. Morean joins Lloyds from
Wells Fargo Advisors, where he was regional director for Latin
America, while Gonzalez was most recently vice president and
senior international advisor for Bank of America Merrill Lynch.

US investment manager Franklin
Templeton Investments made three new hires to boost its private real estate
capabilities in the Americas,
Asia and Europe. Luke Anderson, vice president
covering the Americas,
was previously a portfolio manager with GM Asset Management. Simon Seen Fun
Mok, investment manager covering the Asia-Pacific region, joins from AIG Global
Real Estate Investment. Finally, Toby Hayes, investment manager covering Europe, was previously at law firm Allen & Overy and on
a client assignment at Credit Suisse. 

Channel Islands-based Asset Risk Consultants appointed Chris Edmeades as its
new chief operating officer and its group risk officer. Edmeades was previously
a board director at Liontrust, responsible for risk management and corporate
governance. Meanwhile, Stephen McMahon was promoted from director to managing
director of ARC’s Jersey office.


Gibraltar Private Bank appointed Ramon Usategui as a senior
vice president, responsible for the firm’s private banking activities in Coral
Gables, Florida. Usategui latterly spent six years as a senior vice president
of international banking at a regional bank.

Curian Capital hired Mike Petko as divisional vice president,
responsible for overseeing a team of regional business consultants and managing
the firm's distribution efforts in the eastern region of the US. He previously
served as executive vice president and national sales manager for Transamerica

Wells Fargo Private Bank appointed Vladimir Victorio to the
role of senior private banker for the San Fernando and Santa Clarita valley,
California regions. Victorio was latterly the chief lending officer at Mission
Valley Bank. He has also worked for the Valley Economic Development Center.

BNY Mellon appointed James Barnyak as president of the
firm’s Northwest region at its wealth management business, and Jack Malvey to
the newly-created role of chief global market strategist at its asset
management business. Barnyak was most recently a partner at Freestone Capital

In his new role he reports to David Emmes, who heads up the
wealth manager’s West Coast market. Malvey was formerly a managing director and
chief global fixed income strategist at Lehman Brothers. At BNY Mellon he
reports to Curtis Arledge, vice chairman of BNY Mellon and chief executive of
its asset management business.

BNY Mellon Asset Servicing appointed Michael McAuley to the
newly-created position of managing director and senior business strategist for
the global securities lending business. McAuley will be based in Boston for the
post and will report to Kathy Rulong, executive director of securities lending.

BNY Mellon made two senior appointments to its Treasury
Services business. Susan Skerritt, formerly the head of business strategy,
development and investment for the company's Financial Markets and Treasury
Services group, is now the head of global product management and strategic
development for Treasury Services. Alan Verschoyle-King, previously the head of
BNY Mellon Treasury Services for EMEA, was appointed head of global sales and
relationship management. Both report to J David Cruikshank, the chief executive.

Skerritt's former position will be assumed by Jean Wynn, the
chief administrative officer for the FMTS group.

Highland Capital Management appointed Casey Herren to the
newly-created role of director, responsible for developing and managing
relationships with institutional investors, endowments and foundations and
wealth managers. He was latterly a director at Vaughan Nelson Investment
Management and has also served as a director at Atlantic Investment Management.
He reports directly to Clay Shumway, head of business development.

Essex Investment Management Company elected Nancy Prial to
its management committee. Prial continues in her most recent role as a
portfolio manager for the Essex Small/Micro Cap Growth and Small/Mid Cap Growth

The board of directors of SunGard approved the appointment
of Harold Finders as chief executive of its Financial Systems business. Finders
has been with the firm since 1996, when it acquired NCS Financial Systems, and
has held several senior roles.

Deutsche Bank Private Wealth Management appointed Durraj
Tase as managing director and head of capital markets for the Americas, based
in New York. He reports to Benjamin Pace, managing director and US chief
investment officer, and Trang Chu, managing director and head of global capital
markets for PWM. Tase's former career includes roles as head of capital markets
and brokerage advisory services for US Trust Bank America's private bank, and
head of Citigroup Private Bank's Latin America capital markets business.

Lowenhaupt Global Advisors named Sean Cortis as the new
chief executive of its Australia business. Cortis was latterly the chief
operating officer of LGA Australia, and going forwards will work closely with
the firm's chairman Stuart Black on expanding the business.

JP Morgan hired John Hobart – latterly of Bernstein Global
Wealth Management – as a vice president at its Fort Worth, Texas office. Hobart
will lead a team advising high net worth clients on investment management,
trust administration and banking. He reports to Jeff King, managing director.

Dynasty Financial Partners appointed Loren Morris as partner
and director of RIA services. Morris joined the company from Charles Schwab
Advisor Services, where he was national head of the consolidator segment for
the strategic business development group.

First Foundation Advisors hired Janice Carmen as a managing
director, responsible for developing and managing client portfolios. Carmen was
latterly a senior vice president for US Trust. She has also held positions as a
trust and investment consultant at City National Bank and as a regional area
director at Wells Fargo Private Client Services.

GE appointed Dmitri Stockton as president and chief
executive of its asset management business, succeeding Jay Ireland, who was
named as president and CEO of GE Africa. A 24-year veteran of GE, Stockton
latterly headed up GE Capital’s global banking unit.

Lincoln Financial Network appointed Jason Nicoloff as a
field recruitment director of the advisor recruitment team. Nicoloff joined the
company from TIAA-CREF where he was an investment consultant focusing on
defined and supplemental plan assets and individual money management services.
He reports to John DiMonda, managing director for the defined metro New
York/New Jersey and North Central Ohio regions.

Prudential Fixed Income added Jurgen Odenius as a principal
to its international economic and strategic research team. He is a former
mission chief at the International Monetary Fund, and in his new role will be
responsible for evaluating global macroeconomic trends and analyzing developed
country sovereigns.

Sensiba San Filippo Financial Advisers, appointed Cassandra
Anderson to its private client business. Anderson’s prior career includes roles
at Deloitte & Touche Investment Advisors, Goldman Sachs Private Client
Services, and Wells Fargo Private Client Services.

Harris Private Bank hired Sandra Fuentes, Eileen Minnick and
Deborah Withington-Turner, all from Wells Fargo, to its team in West Palm
Beach, Florida. Fuentes will be a vice president and senior portfolio manager
responsible for individual investment advice and driving complex investment
strategies. Minnick will be a vice president, senior trust administrator
responsible for trust advice and administering complicated trust relationships.
Withington-Turner will be a trust administrator responsible for providing trust
administration and client service.

BlackRock added Thomas Montag to its board of directors.
Montag was the president of global banking and markets at Bank of America.
BlackRock appointed Michael Fredericks in a newly created position as managing
director and US retail head of BlackRock multi-asset client solutions.
Fredericks was previously a portfolio manager at JP Morgan.

Bruce Kagan, chief executive of Macquarie Private Wealth
Canada, is to leave the company. He is expected to be replaced by Earl Evans,
currently president of the unit.

Kamakura Corporation hired Mark Slattery as senior vice
president of client services. Slattery has 25 years of financial and risk
management experience, having previously worked for Flagstar and LaSalle banks.

McDermott Will & Emery expanded its New York private
client office with a team of lawyers from Weil, Gotshal & Manges. Estate
planning attorney Carlyn McCaffrey joined from Weil’s estate planning practice
where she advised high net worth clients on estate tax matters and business
planning. In her new role she will join McDermott partner Henry Christensen as
a co-head of the New York Private Client Practice Group. Amy Heller, Elyse
Kirschner, Laura Hirschfeld, Christopher Parker, Shu-Ping Shen, and Dena Wolf
also joined McDermott.

JP Morgan Funds hired Lee Beck to head its global strategic
relationship team. Beck was latterly a senior vice president with Pimco and
also worked at Allianz Global Investors where he was head of the RIA and
private banking business segments.

Whittier Trust added two to its Bay area team. Louise
Whitlock, previously a managing director at First Republic Bank, was named head
of the San Francisco office, while John Coghlan, previously the chief executive
of Visa USA and vice chairman of Charles Schwab Corporation, joined the
directorial board.

Franklin Templeton Investments made three new hires to boost
its private real estate capabilities in the Americas, Asia and Europe. Luke
Anderson, vice president, was a portfolio manager with GM Asset Management; he
will cover the Americas and report to Marc Weidner, managing director. Simon
Seen Fun Mok, investment manager, joined from AIG Global Real Estate Investment
to cover the Asia-Pacific region, reporting to Glenn Uren, managing director.
Toby Hayes, investment manager, will cover Europe. He previously worked in
London for law firm Allen & Overy. Hayes reports to Raymond Jacobs,
managing director.

Doug Black, a former senior manager for UBS, created an
independent wealth management consultancy in New Jersey by the name of
SpringReef Partners. Prior to launching the firm, Black was the head of
strategic business development and the chief operating officer of the private
wealth management arm for UBS Wealth Management.

Washington Wealth Management hired Jordan Ball as a new
regional director to its Richmond office. Ball was latterly an independent
contractor to Scott & Stringfellow, prior to which he was the senior
managing director at the firm’s Richmond office for 11 years.

First Foundation Bank appointed Valerie Van Winkle to its La
Quinta office as vice president, private banker. Van Winkle’s previous roles
include some ten years with Coachella Valley banks in senior management roles
and client development activities.

Boston Private Bank & Trust named Kelly McKernan as a
vice president and portfolio manager in its investment management and trust
group. McKernan was most recently a financial advisor for the private client
group of Bernstein Global Wealth Management.

Tiedemann Wealth Management added Wolfgang Traber as a
member of the investment committee and James Bertles as a member of the
Tiedemann Trust Company board. Traber is the chairman of Hanseatic Corporation,
a global private equity firm, and has worked for Deltec Securities Corporation
and Trilantic Capital Partners. Bertles was most recently managing director of
Tiedemann Wealth, a role which he continues.

Stone & Youngberg named Doug Heske to head up the
private client unit at its San Francisco branch. Heske was previously president
and chief executive of Nollenberger Capital Partners. Prior to this role, Heske
was the California regional director of Piper Jaffray, branch manager of the
San Francisco office, and a member of the firm’s operating committee.

American International Group appointed Peter Juhas as head
of strategic planning based in New York. Juhas previously served as managing
director for investment banking at Morgan Stanley. He reports to Brian T
Schreiber, the executive vice president for treasury and capital markets for

AXA Advisors appointed John Parham as senior vice president
of the company’s national division in Raleigh, North Carolina. Parham joined
AXA Advisors (formerly The Equitable) in 1988. Most recently he spent six years
leading the AXA branch in Nashville, Tennessee.

Bank of America made three new appointments to its executive
management team – positions which will be taken up by the appointees after a
planned transition period of several months. The bank named Gary Lynch,
previously vice chairman of Morgan Stanley in London, as global chief of legal,
compliance and regulatory relations – a newly-created role. Chuck Noski,
previously Bank of America’s chief financial officer, will become vice chairman,
to be based in Los Angeles. He will start as vice chairman after his
responsibilities as CFO pass to Bruce Thompson. Both report to CEO Brian

Signature Bank hired two private client banking teams from
HSBC in Manhattan. Nelli Teplinsky was named group director and senior vice
president and her colleague, Natalie Leviev, senior client associate. A
five-person team headed by Lawrence Blascovich and Louis Krawiecz, both named
group director and senior vice president, will be based in Signature’s office
on the west side of midtown Manhattan. This team includes Howard Efran and
Marie Belizaire as associate group directors and vice presidents and Wilma St
Rose as senior client associate.

Bank of the West appointed John Bahnken as head of its
wealth management business. Bahnken spent the last 17 years at Bank of America,
where he most recently served as president of the global wealth and investment
management products group.

UBS hired Charlie Cajero from Morgan Stanley Smith Barney to
head its Tucson, Arizona branch. Cajero spent 18 years at MSSB, and in his new
role at UBS replaces Roger Ford. Ford will take over as head of UBS's
Albuquerque, New Mexico branch.

CapWealth Advisors appointed Phoebe Venable as a managing
principal on its family investment professionals team. Venable latterly worked
at the Nashville, Tennessee office of GenSpring Family Offices.

Randi Grassgreen joined the ownership group of Crestone
Capital Advisors. Grassgreen joined the firm in late 2008 as director of family
wealth planning.

GenSpring Family Offices appointed Jean Brunel as chief
investment officer of its Investment Advisory Center. Brunel was named chairman
of the firm’s strategic investment advisory committee.

Northern Trust elected Martin Slark to its board of
directors, succeeding William Smithburg who is retiring after 30 years. Slark
was vice chairman and chief executive at Molex.

BlackRock appointed Jack Chandler as global head of real
estate. Chandler was latterly the global CIO and executive chairman, Asia for
LaSalle Investment Management. He reports to Matthew Botein, head of BlackRock
Alternative Investors.

White Oaks Wealth Advisors appointed Sharon Bloodworth as
president of the company. Bloodworth was previously the vice president and had
been with the firm for the previous 10 years. Bob Klosterman, who previously
held the position, continues with White Oaks as chief executive and chief
investment officer.

Oppenheimer & Co hired Kevin Schultze as managing
director for the Financial Institutions Group. Schultze joined the firm from
Stone & Youngberg, where he managed a team that provided research and
strategy ideas to institutional clients.

Evercore Wealth Management recruited Randy Allison Hustvedt
as managing director and wealth advisor. Hustvedt joined the company from
Federal Street Advisors in Boston, Massachusetts, where she founded and led its
family office practice. In her new role, Hustvedt will report to Wendy Barasch,
a partner and head of business development based in New York.

Cayman Finance appointed former Cayman attorney general
Richard Coles as its new chairman.

JP Morgan Asset Management appointed Bob Fields as executive
director and client portfolio manager for the tax-aware fixed income group.
Fields was previously the municipal product manager and senior vice president
at PIMCO. He reports to Connie Plaehn, the managing director and head of the
fixed income wealth advisory team.

HSBC Private Bank announced several appointments to its team
in the Bay Area of California. Richard Kuchen, latterly wealth advisor,
business development and relationship manager at Wells Fargo, joined as a
senior vice president, relationship management. Joshua Morgan joined as a vice
president and relationship manager. Brendan Connaughton joined as a senior vice
president and senior investment specialist to the strategies group. Prior to
this role, he was a senior portfolio manager for US Bank’s Bay Area Private
Client Reserve. Desmond Chin, rejoined HSBC Private Bank as a senior vice
president. Previously, he served as vice president, private banking lending at
BNY Mellon Wealth Management in New York City and at Wells Fargo in San

Deloitte named Bob Contri as head of its financial services
industry group in the US. Contri took over from Jim Reichbach, who will now
serve as senior leader to several of the company's key clients and as leader of
the global banking and securities practice. Prior to this appointment, Contri
served as head of the banking and securities division.

Tower Bancorp named Mark Ritter as the new chief executive
of Graystone Wealth Management, the division through which it offers wealth
management and trust services. Ritter was most recently with Metro Bank where
he served as executive vice president and chief operating officer. As part of
the appointment Ritter was also appointed president of 1N Bank, a division of
Graystone Tower Bank.

Wilmington Trust hired Stephen Winterstein as a managing
director and head of strategy in the municipal fixed income group of the
company’s wealth advisory services unit. Winterstein was most recently managing
director of municipal fixed income with PNC Capital Advisors in Philadelphia.

First Western Trust Bank hired Larry Quitter as a senior
private banker at the firm's Cherry Creek office in Denver. He joined from US
Bank in Denver where he was the primary daily contact representative for small-
to mid-sized business clients.

Withers appointed Glen Roberts as a partner, based primarily
in its New York office. Roberts was previously a partner at SNR Denton.

Bank of America named John Thiel as head of Merrill Lynch’s
US wealth management business, taking over from Lyle LaMothe. Thiel has for
several years run Merrill's private banking and investment group, a role he
will continue.

Gibraltar Private Bank & Trust appointed Walter Schacht
as senior vice president and market executive for its Naples branch. Schacht
was formerly a director and wealth advisor at Harris Private Bank in Naples.

Eaton Vance appointed David McCabe as president of the Eaton
Vance Investment Counsel effective 1 November 2011. McCabe joined the company
in December 2005 as investment counselor upon the firm's acquisition of
Voyageur Asset Management, where he used to serve as president. He succeeds G
West Saltonstall, who will continue to serve EVIC as president emeritus.

Bessemer Trust appointed Timothy McBride as the new head of
its Boston office. McBride was previously a managing director of Northern Trust
Corporation, where he had worked since 2005. In his new role he reports to both
Eric Gies and Stephen Watson, the co-heads for the Northeastern US.

David Barrett Partners, an investment and wealth management
executive search firm, hired Conor Hourigan as a partner in its New York
office. Hourigan joins Barrett from a specialist wealth management search
boutique where he concentrated on the US market.

Asia Pacific

The Financial Services Council selected ANZ Wealth managing
director John Van Der Wielen as the newest member of its board. Van Der Wielen
joined 12 other members, including BT Financial chief executive Brad Cooper and
AMP Financial Services managing director Craig Meller.

Lowenhaupt Global Advisors Australia, a family office, named
Sean Cortis as chief executive officer. Cortis used to be the chief operating
officer of LGA Australia and has 25 years of wealth management experience
behind him.

Citigroup appointed former UBS executive Jeff Emmanuel to
lead its Asia-Pacific financial institutions group as managing director, and
the Australia and New Zealand
global banking unit as vice chairman. Emmanuel previously served as managing
director at UBS' financial institutions group in Hong Kong.

Zurich Financial Services Australia appointed Scott Watters
as chief information officer. Watters takes over from Bobby Lehane, who was
recently promoted to chief operating officer for the company's Asia-Pacific
general insurance division. Prior to joining Zurich
in 2008, he served as head of fixed income, currency, and commodities
technology at Citi.

Threadneedle appointed three new senior sales directors as
part of the asset management firm’s global expansion plans. Gerard Clancy,
Richmond Herrera and Kent Ng will work with global private banks in Asia, as well as local financial institutions. They
report to Michael Langlois, head of wholesale distribution in Asia Pacific.
Clancy, based in Singapore,
joins from BlackRock; Herrera, previously worked for Standard Chartered, and
Ng, based in Hong Kong, previously worked at
Merrill Lynch Global Wealth Management.

Swiss private bank Clariden Leu strengthened its Greater
China presence with four appointments: Harvey Li, Cassandra Chen, Leanna Chan,
and Connie Chan.

Kenneth Kwok left Deutsche Bank to join UBS. He will report
to Alex Wilmot-Sitwell and Chi-Won Yoon, who share the chairman and chief
executive role for Asia-Pacific.

Barclays Wealth named Pakorn Boonyakurkul as managing
director and head of North Asia. Boonyakurkul
most recently served as managing director at HSBC Private Bank.

Royal Bank of Scotland
appointed Sherry Liu from JP Morgan as chairman and chief executive officer of
the bank in China.
Liu, previously chairman of China Financial Institutions at JP Morgan, is
responsible for overseeing and driving the bank’s business strategy in China and its
various joint ventures.

DB Private Equity, the private equity investment management
unit of Deutsche Bank, made a number of appointments. Head of the North Asia
business is now Dongbai Wang, who came from Adams Street Partners in Singapore. Wang
works alongside Alexis von Dziembowski, who was recently appointed to head the
South and South East Asia coverage. The team
is led by Peter Pfister, who has covered the Asia Pacific region since 2005.

Barclays Wealth appointed Pakorn Boonyakurkul as managing
director, head of North Asia joining HSBC
Private Bank. Boonyakurkul leads the bankers based in Hong Kong, focusing on
the wealth management business across Greater China and North

Equity Trust appointed Johnson Har as regional sales and
marketing executive for Custom House, its fund services arm based in Hong Kong. Har held several roles specialising in funds
for the past four years and most recently served as analyst for the Newedge
Group, also in Hong Kong.

Baring Asset Management hired Thomas Kwan to lead its Asian
debt investments unit. Kwan joined from ICBC Credit Suisse, where he handled
global macro research and asset allocation strategies.

The Royal Bank of Scotland
hired Sherry Liu as chairman and chief executive officer of RBS in China. Liu
joined from JP Morgan Chase, where she was chairman for China financial institutions and vice chairman
for China.

The Royal Bank of Scotland Group named Devesh Kumar to the
newly created role of head of equities for India. Kumar brings over 20 years
of banking experience to this new post, having worked for the likes of ICICI
Securities, ABN Amro, Daewoo Finance India, and Unit Trust of India.

Morgan Stanley opened a private wealth management branch in
Chennai, its second location in South India.
Previously, the firm’s PWM business in Chennai has been managed from Bangalore.

HSBC Private Bank brought in two senior executives for its
Asian business. Heading the South Asia
investment group of the private bank is William Lawton, who brings more than 20
years of investment experience to the role. Hepreviously worked at various
companies in London, New
York, Switzerland,
and Singapore,
including RBS Coutts and Standard Chartered Bank. It also hired Jeffrey
Benjamin, named managing director of the international private wealth team,
responsible for relationship management functions for non-Asian resident
clients. Prior to this position, he spent 11 years at Investec in London and has also served at Merrill Lynch and Credit
Suisse in Singapore
before that.

RBS Coutts appointed the head of its newly created advisory
group for family businesses and related matters in Asia.
Dr Roger Low was named as head of the Coutts Institute in Asia.
The Coutts Institute assists and advises clients on family business,
philanthropy and next-generation matters. Dr Low spent close to 20 years
working in family businesses. Prior to joining Coutts, he taught Family
Business and Entrepreneurial Management at the Singapore Management

Belinda Lee, meanwhile joined the bank as head of strategy,
Asia, based in Hong Kong. She was previously
head of strategy, Asia Pacific at UBS, having spent five years in the group
strategy function.




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