People Moves
North America Executive Moves - February 2011
A round up of executive moves.
Alexander
Friedman, the former chief financial officer of the Bill &
Melinda Gates
Foundation, was named UBS Wealth Management’s chief investment
officer, a newly
created role. Joining Friedman at UBS are Mona Sutphen, the
former White House
deputy chief of staff for policy to President Barack Obama, who
will lead macro
analysis, and Mark Haefele, an alternative asset manager, who
will lead
investment analysis.
Citigroup
named Venu Krishnamurthy to head its high net worth and affluent
businesses,
replacing Deborah Doyle McWhinney. Krishnamurthy was the global
lead finance
officer at Citi’s private bank and a former chief operating
officer for
international operations at the private bank.
San
Francisco-based Presidio Financial Partners hired Mark Palmer as
head of its
wealth management practice, which it plans to grow aggressively.
Palmer was
previously a managing director with Charles Schwab & Co., where
he helped
build its management consulting group.
Thomas
Meilinger, managing director at multi family office Vogel
Consulting, joined
Harris myCFO as managing director of national sales strategy.
Morgan
Stanley Smith Barney named Colbert Narcisse, a former Merrill
Lynch executive, chief
operating officer of investment strategy and solutions. Narcisse
fills a role
left vacant by James Walker, who was named head of the firm's
consulting group
in September. Narcisse, who left Merrill in 2009, joined from
Gold Bullion
International, where he was chief executive.
Morgan
Stanley Smith Barney also bulked up its advisory team with six
new hires and
appointed former US congressman Harold Ford Jr as managing
director and senior
client relationship manager. Ford, a five-term congressman from
Tennessee, joined
from Bank of America.
Stepping
into the Melville, New York office are Joseph Viviani and Robert
Digregorio who
joined from Merrill Lynch. Rosalie Schlaen and Izhar Shefer, who
are a part of
the Aventura, Florida office, also joined from Merrill.
Rounding
up the six hires are David Cohen, who joined in Melbourne,
Florida and Keith
Cline, who joined the Fort Myers, Florida branch. Cohen used to
work for
Merrill Lynch, while Cline comes on board from Raymond James &
Associates.
HighTower
added the Simmons Wilkes Group an advisor team based in Portland,
Maine. Edward
Simmons, Gibson Wilkes, Blake Wilkes and Michael Simmons joined
as managing
directors and partners and spent more than 30 years combined at
Merrill Lynch.
BNY
Mellon Wealth Management hired Ronald Ambrogio as regional
president and Ron
Ulle as senior director of portfolio management in Ohio. Ambrogio
joined from
Key Bank National Association, where he was national sales
manager. Ulle was
most recently a senior portfolio and regional manager at Key
Private Bank.
Private
Client Resources hired Seth Bates as a manager of product
development. Bates
joins PCR from DataLan Corp., where he headed up the solutions
delivery
practice.
San
Francisco-based Merriman Holdings appointed Dennis Mooradian to
its independent
advisory board. Mooradian was formerly executive vice president
of Comerica
Bank's Wealth and Institutional Management, chairman of World
Asset Management,
and chief executive officer of Munder Capital Management.
Cara
Mossington joined Chicago-based Inheriting Wisdom. Mossington
came on board
from a Forbes 400 family office. Previously she spent 10 years at
Northern
Trust
Northern
Trust shuffled its top management ranks. Sherry Barrat, president
of Personal
Financial Services, assumed a new role as vice chairman. Jana
Schreuder,
president of operations and technology, replaced Barrat. Stepping
into
Schreuder’s shoes is Joyce St. Clair, executive vice president
and head of
corporate risk management. Jeff Cohodes, executive vice president
and head of
business practices and market segments in Personal Financial
Services, was
named head of corporate risk management.
Northern
Trust also made four hires in the Northeast. John Lee joined as a
senior vice
president and wealth advisor in the New York office from Brown
Brothers
Harriman where he was managing director in New York. Also in New
York Maria
Neary came on board as a senior vice president and wealth
advisor. Previously,
she led Geller Family Office Services.
In
Connecticut Brian Donovan was recruited as a senior vice
president and wealth
advisor from Ernst & Young’s Personal Financial Services Group,
where he
was a senior manager.
Marisa
Facciolo joined in Delaware as senior vice president and wealth
strategist from
Wilmington Trust where she served as a vice president and senior
private client
advisor within the Wealth Advisory Services division.
CB&T
Wealth Management hired Gary Yabko as wealth manager. Yabko was
most recently a
financial advisor at City National Bank.
BNY
Mellon Wealth Management hired Robert Glaser as vice president
and senior
director for the firm’s Nevada office. Before joining BNY Mellon,
he was a
senior vice president and manager of private banking services
statewide for
City National Bank of Las Vegas.
Wilmington
Trust recruited F Mackey Hughes as managing director of
endowments and
foundations for its Wealth Advisory Services business, a new
post. He joined
Wilmington from Camden Partners, a Baltimore-based private equity
firm in which
Wilmington Trust owns a minority stake, where he was a business
development
partner.
Barclays
Wealth recruited Daniel Esslinger, head of private banking at
Banco Itaú
(Suisse), as head of Latin American relationship management and
distribution in
the Americas.
Legacy
Trust named Timothy Anderson as its new chief investment officer.
Prior to this
appointment, he was a vice president and investment specialist at
the
Bloomfield Hills, Michigan office of JP Morgan.
Marten
Hoekstra, the former chief executive of UBS Wealth Management
Americas, was
appointed CEO of Emerging Global Advisors, a relatively new firm
on the ETF
scene focusing on investment in emerging markets. At EGA he takes
over from
Robert Holderith, who will continue as president and concentrate
on investment
product development.
Citi
Private Bank signed on Stephen Campbell to head its Family Office
Group for
North America. Campbell was most recently chief investment
officer for Zefram,
the personal investment company of Amazon founder Jeff Bezos.
UBS
Wealth Management Americas lured a team that managed $800 million
in client
assets at US Trust and opened its first wealth management office
in the
Carolinas. The team, headed by C. Harvey Rice, will be located in
Charlotte,
North Carolina. Joining Rice from US Trust are Haley Hill, David
Halvorsen,
Jennifer Burkhardt-Blevins and Mark Grow.
First
Republic Bank recruited Melanie Krinsky as head of film and media
finance and
Mandie Rush managing director, film and media finance from Bank
Leumi in
Beverly Hills. The two entertainment bankers will focus on
offering specialized
lending, deposit and wealth management services to film and
television
production companies and business management firms.