Rathbones has recruited a new team of seven to run its new Cambridge office, including one investment director and four investment managers....

Rathbones has recruited a new team of seven to run its new Cambridge office, including one investment director and four investment managers. Joining from Gerrard Limited (formerly Greig Middleton) in Cambridge is an investment team consisting of Paul Snow, John Barrett, Colin Campbell Golding, Simon Whitmore and Mark Winchester. Joel Limmer and Pauline Limmer have been appointed to provide administrative support to the new office., Colin Campbell Golding, Simon Whitmore and Mark Winchester. Joel Limmer and Pauline Limmer have been appointed to provide administrative support to the new office.

Standard Bank, the South African financial services institution, has opened a new London office focusing on private banking operations for Southern and Eastern Europe, the Middle East and Africa. Nic Contimichalos joins Standard Bank as head of the London office from Dresdner Private Bank, where he held the post of managing director until the merger with Kleinwort Benson Private Bank last year.

Singer & Friedlander, the UK private bank, has recruited Stewart Dick and Gillian Keeler, respectively director and assistant director of Ansbacher & Co., the private bank owned by FirstRand Banking Group.

Barclays Private Banking has appointed two new regional market managers to build up business in Asia, the Middle East, Africa and India. Katherine Murphy-McClintic is regional market manager for Middle East, Africa and India for Barclay Private Clients and Nigel Sze in Hong Kong, is regional market manager, Asia, Barclays Private Banking. Murphy-McClintic is based in London and will join the private banking executive committee. Sze is based in Hong Kong, and will focus particularly on Hong Kong and Singapore.

David Curling, head of the private client division of UK stockbrokers Williams de Broë, has stepped down from the firm's board as talks continue about a management buy out. Curling remains as head of the private client division.

Old Mutual, the UK-based financial services group, has made several significant management changes to unify Gerrard, its private client investment arm. Edmond Warner, Old Mutual's chief executive of financial services UK, has been appointed as chairman of Gerrard, and James Thornton, finance director of OMFS, as the firm's deputy chairman. Warner will succeed Jim Sutcliffe, chief executive of Old Mutual, who stepped in as temporary chairman of Gerrard last year to assist with the bank's merger with Capel Cure Sharp and other private client businesses. He is handing the reins over to Warner and Gerrard's chief executive Stephen Clark, to show the transition is over.

Paul Feeney, managing director of NatWest private banking, is leaving the firm this month to become Gartmore's head of UK retail. Jamie Simmonds, commercial director at NatWest private banking, will succeed Feeney as managing director.

Christopher Ring has been named as managing director of private client stock broking and portfolio management at Shore Capital, the UK investment banking boutique specialising in high net-worth clients. Ring joined Shore after leaving his post as managing director of NatWest Stockbrokers in June 2001.

Alan Cameron has joined Morgan Stanley Quilter as managing director of its new Glasgow office. Cameron comes across from Gerrard. The bank has also hired Chris Timlett and Jonathan Wright as divisional directors and Alan Storton as regional sales manager in the Glasgow office.

Europe

Hermann-Josef Lamberti, former head of private client asset management at Deutsche Bank has been named as the new chief operating officer. Michael Philipp has been appointed to the post of global business head for PCAM, and is released from his duties as a member of the group board at his own request. He continues to head asset management, including product development and wealth management services in PCAM. Herbert Walter has taken up the post of global business head of retail and private banking. He has joined Philipp on the group executive committee, along with the global business heads of other key business units.

Dutch financial services group ING will bring its most recent acquisition, Deutsche Bank's personal banking and advisory services in France, into its new private banking group. Phillipe Damas, designated head of the private banking group, will develop initiatives to improve client service from April onwards.

Arun Sarwal, managing director with global responsibility for strategic business development of ABN Amro's private client and asset management division, has left the bank. Sarwal joined the firm in April 2001 from SG, the corporate and investment arm of Société Général, where he was global head of e-business.

Alfred Zbinden will replace Peter Braunwalder as regional markets manager for Northern, Eastern and Southern Europe at UBS Private Banking Switzerland. This role does not include the UK, Benelux and Germany, but has a large Scandinavian focus. Zbinden was previously involved in the regional markets department.

Herbert Scheidt, head of Deutsche Bank Private Banking International in Geneva, has left his post. He has been replaced by management board member Bruno Meier.

Alfred Roelli, former head of investment policy at Deutsche Bank Private Banking in Frankfurt, has joined Pictet & Cie to replace Philippe Treyvaud, co-head of financial research, who is retiring at year-end. Roelli will head the department in Geneva with Pierre-Yves Bacchetta, head of investment policy. He will oversee organisational issues, relations with clientele, and developing investment methods.

US

Michael Johnston, a $10 million producer with about $1.5 billion in client assets under management, has joined Smith Barney. Johnston is said to have been one of the largest producers at Banc of America Securities' Montgomery Private Client Services Group.

Jonathan Dargusch has joined Bank One as national director, private banking. He succeeds Will Hagenah who is retiring. Dargusch reports directly to Peter Atwater, the national head of Bank One's private client services group.

Top-producing team Tim Schwarz and Reese Rickards have left Robertson Stephens to join UBS PaineWebber as senior vice presidents, specialising in venture capital clients.

Bob Tiedemann has joined US Bank as senior vice president and regional manager for private banking and personal trust services in California and Arizona. Tiedemann was formerly LA metro region president for Northern Trust Bank.

Steven Guggenheimer has been appointed managing director at Neuberger Berman. Guggenheimer was previously a financial advisor and first vice-president of investments for Merrill Lynch. He advised assets for wealthy individuals and small- to mid-sized companies. Neuberger Berman is a private asset management firm.

Becky Shelton has joined Citigroup’s Los Angeles office as a senior private banker. Shelton was the former executive vice-president and head of Sanwa Bank California’s Wealth Management Division.

Tim Maloney has taken up the post of president of the North Region of Bank of America Private Bank. He has joined the firm form Morgan Stanley's Private Wealth Management group, where he was executive director. In his new role, he will oversee the New York, Boston, Connecticut, Chicago, Philadelphia, Baltimore and Washington, D.C., markets.

BankPittsburgh has hired Deborah J. Heilman as vice president/private banking officer. Heilman most recently was employed by CIT Group (AT&T Capital Corporation/Newcourt Financial Corporation) where she held the position of sr. vice president/credit and operations, small business lending.

Alan Schroder has taken up the post of president of Bank of America's recently launched individual investor group, effective 11 February. The bank's private client services division, which focuses on high net worth individuals, and Banc of America investment services will both report to Schroder. Prior to joining Bank of America, Schroder was an advisory director with Morgan Stanley's brokerage business. Morgan Stanley said he is not likely to be replaced.

Murray Stoltz is the new senior vice president and director of individual business development in Fiduciary Trust's private client division. He joins from Morgan Stanley, where he was a managing director in the financial institutions group's investment banking division.

Goldman Sachs has added four executives to its group that allocates money to hedge funds in response demands in alternative investments from wealthy individuals. Terrence Jones, previously at Arden Asset Management will lead the relative-value group in the US, and Peter Ort, from software firm Smartleaf, joins his team of analysts. In the UK, Arne Hassel will head investment and business efforts outside the US, and Nadja Pinnavala will focus on European managers specialising in relative-value strategies.

Boston Private announced the addition of three senior executives. Joining the company is Megan Chambers, senior vice president and general counsel, who comes to the firm from Funds Distributor Inc. from the Boston law firm Ropes & Gray. Also joining the firm is Bill Morton, CPA, senior vice president and controller, who was most recently the CFO at Xylem Investments, Inc. Amy Danforth, joined as senior vice president for affiliate services. Danforth spent over 14 years at Fidelity Investments where she undertook a variety of assignments in marketing to the high net-worth marketplace.

Mellon Financial Corporation, the US financial services firm is merging its private asset management, private banking and private mortgage services into one private wealth management group, effective immediately. David F. Lamere, vice president of Mellon Financial, has been appointed as president of the new PWM group.

Asia Pacific

Macquarie Financial Services Group in Australia has appointed Guy Hedley as its new head of Private Banking Services. Mr Hedley joins the Macquarie team from BNP Paribas where he was appointed managing director equities private in March 2000 and was involved in the establishment of BNP Paribas’ private banking operations in Australia.

Urs Brutsch has been promoted to the post of managing director, Asia Pacific private banking, of ABN AMRO. The appointment is effective immediately. Brutsch remains based in Singapore.

Goldman Sachs Hong Kong has removed its private wealth management division from its equities arm combining it with fund management in a newly created department for high net worth individuals. Douglas Grip, former president of the bank's mutual funds group in New York, and Stephen Fitzgerald, formerly with Goldman in Tokyo, will run the IMD together. Charles Robinson will head up the HNW distribution unit. Peter Moody Brooks, who headed up the development of the bank's China business from Hong Kong and Ramikrishna Shanker, CIO in Singapore, have both left the firm.

Siew Hua-thio, a former fund manager with Goldman in Singapore and Kenny Tjan, from Rothchild Asset Management have been appointed to replace Shanker, co-heading IMD's product development, with responsibility for Asia investments outside Japan. Brooks's replacement is Phil Gardner, co-head of global fixed income in London, who is set to arrive in Singapore later this month.