Richard Madeley, head of private banking for Deutsche Bank in the UK, has left. So far Deutsche has not named a successor and Deutsche's London office, although one was expected to be found soon, according to senior management in the bank. Madeley was given the job back in April 2001 and was tasked with expanding the private banking business in the UK, which up until then had been minimal for Deutsche. He told Private Client Management that he was currently considering his options, but was unlikely to work for another big institution like Deutsche. Madeley had been head of UK private banking for UBS prior to joining Deutsche.

Coutts has appointed Robert Taylor and Perry Littleboy as joint heads of private banking. They have replaced Werner Peyer. "The fact that two people replaced Werner is a reflection of the growing importance of the role and its change in focus over the last two years," a spokeswoman for Coutts told Private Client Management. Taylor was formerly head of the entrepreneurs client group within Coutts and Littleboy was previously head of the bank’s Inpartriates group. Their replacements are currently been sort.

Merrill's International private client group has named Michael D'Souza as head of bank products and services, a newly created position. D'Souza will be responsible for the governance and operating infrastructure of Merrill Lynch International Bank, Merrill Lynch Bank Suisse and Merrill Lynch Bank and Trust. D'Souza was previously chief executive of Merrill Lynch Capital Markets Bank and head of the shared services company Merrill Lynch Financial Services in Ireland. The position will be based in either London or Dublin.

Raphael Hoet, Union Bancaire Privée’s general manager in London, has left, according to sources close to the bank. Hoet’s secretary in London said that he was on holiday, “but didn’t know when he was returning”. No further details were available. Last year, the bank saw the departure of Ian Ewart, head of strategic marketing, who subsequently joined HSBC Republic as global head of marketing and communications. UBP is involved in a merger with the Discount Bank & Trust Co, which is owned by the Recanati family. UBP is controlled by the de Picciotto family which is closely involved in all the major decision making, insiders told Private Client Management.

Rob Baynard, head of JP Morgan Private Bank's UK business, is returning to New York. He is to be replaced by Paulo Mofcovici, currently head of private banking at JP Morgan Chase in Italy. A spokeswoman for JP Morgan Private Bank told Private Client Management that Baynard was going back to New York for personal reasons. He will continue to work for the bank, but his role has yet to be determined. Morgan recently saw the departure of Lea Blinoff, formerly head of the bank's self-directed investor adviser section in London.

Investment services firm Frank Russell has hired Vincent Barnoiun as a managing director to build its private banking services. Barnouin will report to Federic Jolly, chief executive of Europe, Middle East and Africa. Barnouin was formerly deputy head of Salomon Smith Barney’s European equity division and had worked at Goldman Sachs as head of Continental European equity sales.

Sally Tennant has been appointed co chief executive of the private banking arm of Schroders and will sit along side Mike Bussey, the current chief executive. Tennant was previously a partner at Beaumont Capital Management, the hedge fund established by Michael Dobson, and bought by Schroders as part of the deal to bring him on as their new chief executive. Tennant will be joined by Raphael Kanza, who will become vice chairman and Rupert Robinson, who will head up the investment management team. Kanza and Robinson were both senior managers at Beaumont. The private bank also appointed Toby Joll, who will become investment management team leader and be responsible for developing absolute return portfolios.

Germany

Pierre de Weck has been given the job of global head of private wealth management at Deutsche Bank. De Weck, formally head of private equity at UBS, will replace Michael Philipp and will sit on the powerful executive committee of the bank. Philipp will remain at the bank as an adviser. Bernd-A von Maltzan, Deutsche Bank’s top private banking expert, will remain in a senior position within the private bank, under the leadership of the new global head of wealth management. This ends widespread speculation that von Maltzan might fall victim to the current round of job cuts at the bank. “Rumours of my departure were being mixed up with other developments in the bank and were completely groundless,” von Maltzan told Private Client Management.

US

Citigroup Private Banking has poached Mark Peters from Credit Suisse First Boston, to head their high net-worth group in the US. Peters was previously manager of CSFB’s private client services in Miami. Paul Arango, currently director of CSFB’s private client group in Miami, is to replace Peters. The current turmoil within the investment banking arm of CSFB is believed to be filtering through to the private client services division, and insiders say further positions are likely to be affected by the current difficulties. CSFB’s private client services are separate to Credit Suisse Private Banking and employ around 500 investment professionals worldwide.

ABN AMRO has appointed Joseph Caruso as director of its prime brokerage services for senior clients. Previously, Caruso was a financial adviser in the wealth management division of UBS PaineWebber. The position is newly created, and Caruso will be based in New York and will assist in the firm's client retention efforts as well as assist in the capital introduction process on behalf of his clients. He will report to Robert Sherry, group chief executive.

SouthTrust Bank has named Glenn Eubanks as president and chief banking officer. Eubanks will be responsible for all banking offices, including trust, securities and wealth management activities for the bank. Eubanks, who has worked at SouthTrust for 18 years, has more than 30 years experience in the banking industry. SouthTrust Corporation is a $48.8bn regional bank holding company based in Birmingham, Alabama.

Commercial Capital Bancorp has appointed Jon Muir as trust officer of the investment management and trust services division of the bank’s wealth management subsidiary, Commercial Capital Bank. Muir was previously senior trust officer for Mellon Private Asset Management. CCB, with headquarters in Irvine, California, manages $568m in assets.

Bessemer Trust has promoted John Hilton to the post of chief operation officer where he will handle overall client services and client acquisition efforts. Insiders believe this puts him in line to be Bessemer's next chief executive. Hilton will now be second in command to Frank Helsom, president and CEO of the New York wealth manager. Helsom said in an interview with an US newspaper in 2000 that he was grooming Herrema to be his successor.

PNC Advisors in Pittsburgh has hired John McGuinness to be the newly created executive vice president in charge of sales and marketing of its wealth management business. McGuinness was previously with the Bank of New York, where he was in charge of business development of private banking, investment management and trust services.

Merrill Lynch has poached Richard Steinberg and Jordon Waxman from Goldman Sachs to work in the private wealth management office in New York under Lee Weiss. The New York PWM office opened last November after Merrill opened its pilot PWM centre in Century City, California. Merrill plans to open ten PWM centres in the US, focusing on cities where there is "a density of wealth," such as New York, Los Angeles, and San Francisco. PWM is in the midst of growing from about 150 brokers to as many as 500 over the next few years. A Merrill spokesman told Private Client Management that more appointments have been made but declined further comment.

Family office specialist Fiduciary Counsel has promoted Vaughn Weimer as its new chief executive. Weimer was previously managing director for Fiduciary and chairman of the investment policy committee. Fiduciary Counsel, a subsidiary of Unified Financial Services, is one of the US's largest independently operated family offices.

Boston Private Bank & Trust Company has appointed Rusty Stieff as vice president of its Cambridge, Massachusetts office. Stieff was previously with Citizens Bank, where she served as vice-president and senior relationship officer of the firm's private client group. She will report to Molly Downer, senior vice president and resident manager.

FleetBoston Financial has named John Valpey as managing director of its wealth advisory services. Valpey previously worked as client service director for Tanager Financial Services.

Mellon Financial Corporation has appointed Dennis Kennedy as vice president and senior sales officer in its private wealth management group. Before joining Mellon, Kennedy was a senior vice president at Private Investment Advisors, a wealth management unit of National City Corporation. The position is based in Cleveland and will report to Douglas Fries, vice president and manager of new business for Mellon.

Mercantile Bankshares has appointed David Meyer as chief operating officer of investment and wealth management at Mercantile-Safe Deposit and Trust Company. Prior to joining Mercantile, Meyer was with JP Morgan. Mercantile Bankshares has assets of $9.9bn based in Baltimore.

Bank Leumi USA has opened a new private banking office in Encino, California, and appointed Bradley Lipman manager and Ben Shohet to develop and market the private banking services in the area. The private bank's Californian presence also includes local branches in Beverly Hills and San Jose (Silicon Valley).