The pace of moves in the global wealth industry remained brisk in December. Perhaps the biggest move was Barclays' decision to hire the former CEO of the UK financial regualator, Sir Hector Sants, as its newly created global compliance boss.

International

HSBC named Peter Boyles as its new chief executive of global
private banking. He had been chief executive for Continental Europe and head of
commercial banking for Europe. The European
countries which previously reported to Boyles now report to Brian Robertson,
chief executive of HSBC Bank. A new commercial banking head for Europe will be announced in due course. Boyles replaced
Krishna Patel, who resigned after just over a year in the role. Patel was to
leave the group at the end of January after a handover period; he had been at HSBC
for 28 years.

The Society of Trust and Estate Practitioners unveiled the
oversight board for the STEP Trustee Managed Portfolio Indices, and suggested
that additional members may be named for Switzerland. The following members
were appointed:

Paul Stibbard TEP - Rothschild Trust Group;  David Kilshaw TEP – KPMG; Julian Hayden TEP -
Hawksford Group; Paul Bailey - Azure Wealth; James Hoare - Hoare & Co; Phil
Le Cornu TEP - Ogier Group; Louise Stoten TEP - New Quadrant; Roderick Earl of
Balfour TEP - Virtus Trust; Shelia Dean - Equiom Trust Company; Kathy Whatmough
- Rice Whatmough Crozier; Jen Geddes - R&H Trust Co (Jersey); Ivan Hooper
TEP - Winterbotham Trust Company; Russell Bussey - IPS Capital; and James
Painter - Enhance Group.

Vistra, the international trust and fund administrator, appointed
Rob Lucas as director of fund services. Based in Jersey, he covers business
development and operations in London
and the main European markets. Before joining Vistra Lucas was a director of
Northern Trust International Fund Administrators and was previously head of
real estate and infrastructure funds in Jersey
at the same company. Vistra recently appointed Richard Hughes to the
newly-created role of business development officer, based in the firm’s London office.

Bill O’Neill left Merrill Lynch Wealth Management as chief
investment officer for Europe, Middle East and Africa
to pursue a career elsewhere after being appointed to the CIO role in early
2010. As part of the change, Johannes Jooste, chief market strategist, EMEA
Chief Investment Office, took responsibility for the chief investment office in
London,
reporting to Chris Wolfe, effective immediately. The CIO team reports to
Jooste.

Man Group hired an executive chairman for North
America to grow its business among institutions, foundations,
family offices and intermediaries. John Rohal works with Eric Burl and Lance Donenberg,
respectively chief operating officer and head of sales for North
America, and reports to Manny Roman, president and COO of Man.
Rohal is a former institutional client of Man’s and is a member of the
investment committee at California-based Makena Capital Management, a
multi-asset class investment manager.

JP Morgan's private bank added to its team of India-focused
bankers, appointing managing director Ravi Bulchandani and executive director
Jafar Hamid. They are based in London and report
to Rahul Malhotra, head of the South Asia
team.

Bulchandani joined JP Morgan from Barclays Wealth (as that
bank’s wealth and investment arm used to be known), where he was a senior
private banker in the ultra high net worth team and also a member of its
private client asset allocation committee. Hamid previously worked at Credit
Suisse Private Bank, where he was a senior private banker and investment
partner for ultra high net worth Indian clients.

UBS appointed Kitty Bhaman to the newly created role of head
of ultra high net worth advisory, reporting jointly to Michael Bishop and
Perhad Merwanji. Bishop is head of ultra high net worth and global family office
for the UK
and Merwanji is head of IPS (investment products and services) active advisory.
Bhaman leads a specialist team responsible for supporting the UHNW business,
implementing the views of the chief investment officer and the bank’s themes in
client portfolios. She has 23 years of client relationship and investment
management experience, starting with Bank of America in Singapore and Hong Kong,
in 1989. Prior to joining UBS, Bhaman spent 12 years with Citi Private Bank,
latterly as head of managed investment sales for Europe, Middle East and Africa.

HSBC named John Flint as the group’s new chief executive of
retail banking and wealth management, taking over from Paul Thurston, who is
retired at the end of last year. Flint,
who first joined the bank in 1989, had been HSBC’s head of strategy and
planning and chief of staff to the group’s overall chief executive, Stuart
Gulliver. Flint became chief executive of HSBC
Global Asset Management in the autumn of 2009, having previously been treasurer
and deputy head of global markets as well as head of global markets for Europe,
the Middle East and Africa.

Switzerland

Hawksford LSS in Zurich,
part of the wealth-structuring group, added to its team with a senior hire.

Lawyer Marc Renggli provides general advice to national and
international clients in various aspects of Swiss law and assists in setting up
and administration of civil and common law structures of various jurisdictions,
predominantly Switzerland, Liechtenstein, Singapore
and New Zealand.

Renggli has worked as a lawyer in Switzerland,
Liechtenstein and Singapore. He
began his career at Coutts Bank in Zurich,
practising as a financial planner and trust consultant.

UBS named Hubertus Kuelps as its new group head of communications, a
role which carries responsibility for the Swiss banking giant’s communications
and branding activities globally.

Kuelps succeeded Michael Willi, who left the firm after two decades to
pursue other opportunities. He had been group head of communications for four
years.

Kuelps joined from the business software firm SAP, where he was head of
global communications for two years. Before this, he spent over a decade at
Allianz, latterly holding the role of head of communications for the Americas.

Europe

UBS appointed Stefan Reutter as the head of wealth management in Russia,
taking over the reins after predecessor Gregg Robins decided to step down to
pursue other opportunities outside the firm.

Reutter is responsible both for the WM Corporate Advisory Office and WM
Advisory Office in Russia.
Reutter, an existing UBS employee, has almost 20 years of experience in
corporate finance and has advised on merger and acquisition and financing deals
across sectors and geographies.

JP Morgan Private Bank named executive directors Darius Daubaras and Anatoly
Crachilov as private bankers for its Russian team in the UK.

Based in London,
Daubaras and Crachilov reports to Elena Griffin, head of JP Morgan’s Russian
private banking team.

Daubaras, who has 13 years’ experience across investment banking and private
equity, was latterly a director at BNP Paribas, in equity capital markets, and
head of Russia,
CIS and CEE.

Sal Oppenheim, the Cologne-based private bank, which is part of Deutsche
Bank, announced that Gregor Broschinski will step down from its executive
board.

Broschinski, a member of the Bankhaus Sal Oppenheim jr, and cie.
executive board, resigned from the bank for personal reasons with effect from
31 December last year, to take on a new professional challenge.

French asset manager Carmignac Gestion appointed Vincent Steenman to its
portfolio management team. Steenman will take over management of Carmignac’s
market neutral fund while Maxime Carmignac is on maternity leave. On
Carmagnac’s return Steenman will join the firm’s alternative strategies team.

Steenman joined from Zadig Asset Management, where he is a partner.
Previously he was a global buy-side analyst at LVMH-Groupe Arnault Family
Office and a financial analyst in Morgan Stanley’s investment banking division
in London.

Pioneer Investments, the asset management division of Italian banking
group UniCredit, added two senior investment professionals to its European
fixed income team in Dublin.

Vianney Hocquet joined Pioneer as a corporate portfolio manager from BNP
Paribas, where he was a credit trader on the fixed-income proprietary desk.
Before this he was a quantitative analyst intern with Societe Generale based in
Toyko and New York.
He reports to Tanguy Le Saout, head of European fixed income.

Russia’s Sberbank Private
Bankin continued its run of hires with the appointment of Vasiliy Sofiyskiy as
managing director and head of its ultra-high net worth client group.

Sofiyskiy joined from Credit Suisse, where he had worked since 2007 as a
director and investment partner of a group overseeing major private clients in
both Zurich and Moscow.

Henderson Property, the £12.4 billion (about $20 billion) property
business of Henderson Global Investors, appointed James Ellis as an assistant
portfolio manager on its German property team.

Based in Frankfurt, Ellis will measure
the performance of, and analyse, the AUB Opportunity III and the Henderson
German Logistics funds.

He joined from Cushman & Wakefield, where he worked on the valuation
and advisory team in Frankfurt.

Credit Suisse’s markets group for the Channel Islands, Gibraltar and Singapore appointed Marvin Cartwright as head of
private banking, Gibraltar, effective
immediately.

Cartwright reports - jointly - to Richard Algar as head of market group
for the Channel Islands, Gibraltar and Singapore,
and to Kerry Blight, chief executive of Gibraltar
on a regional basis.

He brings more than 17 years of experience to the role, working in the
Gibraltarian and related sectors. He joined Credit Suisse from Royal Bank of Scotland, where
he performed a number of senior management roles, most recently as country
head.

Sberbank Private Banking, the newly-launched division of the
Russian banking group Sberbank, appointed Anna Tokaeva as managing director,
head of group.

Tokaeva was latterly executive director/head of UBS Global
Asset Management Russia and executive director of UBS Wealth Management’s
Russian representative office, having held a number of other management roles
during her twelve-year tenure with the Swiss banking giant. She reports to
Elena Shilina, head of private banking and advisor to one of the deputy
chairmen of the management board of Sberbank.

Middle East

Swiss private bank Lombard Odier appointed Patrick Crowley, a former ABN
AMRO manager, as senior vice president in the firm’s new markets group, as part
of expansion into the Gulf Co-Operation Council region.

With a 22-year career across the world, Crowley was previously at ABN AMRO Private
Bank Jersey, where he was country executive. In his new role, he is based in Dubai at Lombard Odier’s
representative office. 

UK

Barclays appointed Keshav Khanna as a private banker to its
high net worth team in London.
Khanna joined Barclays from Merrill Lynch, where he worked as a private banker
with ultra-high net worth individuals, giving investment advice on a range of
asset classes.

Invesco Perpetual’s chief investment officer Nick Mustoe now
runs the firm’s Global Equity Income Fund, following the recent departure of
Paul Boyne and Doug McGraw.

Bloomsbury Wealth, the London-based wealth management
boutique, appointed Charles Wood as a wealth planning manager to add to its
advisor team. Wood was latterly a director at Caroline Banks & Associates,
the London-based financial advisory firm, where he worked for 15 years.

Kleinwort Benson named Nick Bennett as head of its private
wealth management business in Guernsey.
Bennett was latterly executive director and head of credit and banking in the Channel Islands for Schroders Private Banking. Before his
13-year tenure at Schroders he worked for Lloyds TSB. Kleinwort Benson appointed
former Goldman Sachs senior manager Lucy Gazmararian as head of investment
advisory. At Goldman Sachs, Gazmararian was an executive director of a global
team.

The wealth and investment management division of Barclays
added private banker Michael Egan to its Manchester
office as part of its growth plans for the north-western region. Egan joined from
IM Asset Management, a division of Irwin Mitchell Solicitors, where he had
specialised Court of Protection and Personal Injury Trust investments.

Deutsche Bank appointed Sir Richard Lambert as a senior
independent advisor.

He gives guidance on developments in financial markets that
impact the bank’s clients and advises Deutsche on how best to adapt to
regulatory change. He also advises on Deutsche’s Corporate Citizenship UK
programme, which works with more than 70 charities. Sir Richard, who spent much
of his career at the Financial Times,
is a former director general of the Confederation of British Industry.

Close Brothers Asset Management appointed Brian Gerry as a
business development director focused on the Scottish independent financial
advisory market. Gerry was latterly an executive consultant at Zurich
Assurance, having previously worked at Compliance First and Prudential
Assurance.

Royal London Asset Management appointed Rob Williams, as
head of distribution, having previously been a senior manager at Skandia.
Williams reports to Andy Carter, RLAM’s chief executive officer, RLAM. Williams
was previously chief sales and marketing officer at Skandia Investment Group.

Brown Shipley appointed Anne Brookes as head of its Birmingham office. Since
joining the firm at the start of 2011, Brookes developed a team of private
banking professionals in Birmingham,
where clients include entrepreneurs and business owners, as well as a growing
portfolio of clients in the court of protection and acquired wealth space. In
her new role, Brookes develops Brown Shipley’s relationship with regional entrepreneurs
and business owners.

Brown Shipley also named Julian Hardiman as its new head of
private banking, a role in which he oversees the firm’s investment management,
banking, financial planning and pension planning teams. Hardiman, sits on Brown
Shipley’s board of directors, was latterly the firm’s head of private banking
for the north-western region of the UK,
based in Manchester.

UK
wealth management group Ashcourt Rowan appointed Emily Morris as its new group
head of marketing. Morris is responsible for the firm’s marketing and business
development activity as it seeks to grow its business nationally. Before
joining Ashcourt Rowan, Morris held senior marketing roles at several wealth
managers including Barclays Wealth and Rathbone Brothers, where she was
marketing director.

Paul Compton left his post as chief executive at WH Ireland.
Richard Killingbeck, head of private wealth management, assumed the duties of
acting CEO.

London & Capital continued the build-out of its Adviser
Solutions division, hiring Carole Hunter as business development manager for
the north and northeast region of the UK. She previously worked at Myddleton
Croft Investment Managers, where she was a relationship manager. She has also
worked for Merchant Investors, Skandia Group, Canada Life, Sun Alliance and
Royal Life.

Threadneedle Investments said its chief executive Crispin
Henderson had become vice chairman of global asset management for Ameriprise
Financial, Threadneedle’s parent company. As a result, Campbell Fleming, who
has worked at Threadneedle Investments since 2009, took on the CEO role.
Henderson, who joined Threadneedle in 2002 as chief operating officer, leading
the finance, operations, administration and IT functions, became managing
director in 2006 and was appointed CEO one year later.

Barclays brought in a former top UK regulator, Hector Sants, to the
newly-formed role of head of compliance and government and regulatory
relations. Sants was due to take up the role on 21 January, reporting to group
chief executive Antony Jenkins.

Sants was previously CEO of the UK’s Financial Services Authority,
a post he held from 2007 to June 2012; in 2010, he was appointed deputy
governor designate of the Bank of England and CEO designate of the Prudential
Regulation Authority. Sants’ other high-profile roles have included CEO of
Credit Suisse First Boston, EMEA, and head of equities at UBS.

Barclays also added private banker Cecelia Russell to its Birmingham office.
Russell was recruited under Barclays’ Embark initiative, which brings in staff
from other industries and trains them to become wealth managers. She was
latterly post-graduate programmes manager at Warwick Business
School, a role in which
she ran a portfolio of finance-related Masters courses.

UK-based Invesco Perpetual confirmed the departure of sales
director Craig Newman and sales manager Simon Dale. Ian Trevers, head of
distribution, was covering Newman's role until a replacement was to be
announced. Newman joined Invesco in 1993 as regional sales manager for the
North of England, while Dale joined in 1996.

Butterfield Bank (UK) appointed Kim Hillier as head of
private banking, joining from Stonehage Investment Partners, part of the
multi-family office Stonehage.

Hillier, who has 30 years of experience in managing money
for high net worth individuals, was executive director in her previous position
at Stonehage. Prior to this, she spent nine years as co-head of wealth
management and chief investment officer with Investec Private Bank.

JP Morgan Private Bank appointed Sara Yates as global
currency strategist in its foreign exchange and commodity business. Based in London, Yates is
responsible for currency forecasts, client investment and diversification
strategies in foreign exchange. She reports to Stephen Jury, global head of
foreign exchange and commodities. Yates joined JP Morgan from Barclays Capital,
where she was lead FX strategist for the European corporate business, with a
particular focus on sterling and the UK economy.

Legal & General Property appointed Rob Codling as a
senior asset manager within its £1.4 billion ($2.3 billion) managed fund.
Codling reports to fund manager Mark Russell. Codling joined from Jones Lang
LaSalle (previously King Sturge).

UBS Wealth Management named James Broderick as its new chief
executive for the UK and Jersey/ Broderick succeedrf Andre Cronje, who held the
role for the past four years. Cronje is not leaving UBS however, but has
decided to seek a new challenge within the group. Broderick is based in London.

Vistra, the international trust and fund administrator,
appointed Richard Hughes to the newly created role of business development
officer. Hughes, based in Vistra’s London
office, previously operated from the group’s Jersey
base.

FF&P Wealth Planning added Will Tudhope and David Nelson
to its client-facing team. Tudhope, latterly at St James’s Place, is be client
director at FF&P. He has over 25 years’ experience in the financial
services industry, including 17 years with Goldman Sachs. Nelson, who began as
associate director for FF&P this year, joined from Towry, the wealth
management firm, and is a chartered financial practitioner.

Skandia UK,
part of Old Mutual Wealth, restructured its 80-strong sales team with the aim
of improving the support it provides to financial advisors. The firm has also
unveiled a series of senior appointments. Two new types of role were created :
“wealth management consultant” and "development consultant". In the
first case, such people will work with advisors to identify opportunities to
grow their business. In the second role, such a person gives advisors account
support on a day-to-day basis.

Steve Powell was confirmed as the new sales director for the
UK, reporting to Peter Mann,
managing director for the UK.
Reporting into Powell was Nick Jones, head of sales for the South and Gary
Stirrup, head of sales for the North. Powell also heads a strategic sales team
and specialist sales team, with Nigel Jefferies appointed to the role of head
of strategic relationships.

Skandia created a new investment solutions team and
appointed James Millard as director of investments to lead the unit. Millard
was previously director of investments at Old Mutual Global Investors. The new
team will manage and create investment solutions for the Skandia businesses in
the UK
and abroad.  Skandia’s existing
investment marketing team, headed up by Graham Bentley, responsible for the
promotion of Skandia’s investment propositions, continued to lead sales and
marketing activities with Skandia’s fund group partners globally. 

Kuber Ventures, a newly-created multi-manager platform for
UK-based Enterprise Investment Scheme portfolios, appointed Debbie Mahanta as a
business development director. Mahanta has worked for St James’s Place, UBS and
Goldman Sachs. She joined managing partners John Williams and Dermot Campbell.

ECU Group, the London-based currencies specialist, made two
major private client appointments. Matthew Lindfield was named head of private
clients, while Maria Chapman was named head of private banking and intermediary
relationships.

Lindfield rejoined the firm after a stint with Alexander
James Associates group (a partner within the St James’s Place partnership and
which is authorised under St
James's Place Wealth Management). Previously he
spent almost a decade with ECU. Chapman also rejoined ECU after close to a year
as head of business development at Maseco Private Wealth.

Old Burlington Investments, the UK alternatives boutique, appointed
Noreen Kelly as a business development manager. Kelly was latterly a
relationship manager at Octopus Investment Management.

Duncan Lawrie Private Bank promoted Steven Quayle to
director of finance, risk and compliance at its Isle of
Man subsidiary, after four years of service as financial
controller. Before joining Duncan Lawrie in 2008, Quayle was a client
accountant at ECS International (now Baker Tilly Isle of Man).

Guernsey-based Dominion Funds boosted its sales force,
adding Dan Haylett and Sophia Murday to its UK sales team, charging them
predominantly with developing intermediary and discretionary interest in its
Global Trends range of funds, who was named business development manager,
joined from Ignis Asset Management.

Nikko Asset Management named Yu-Ming Wang as international
chief investment officer, a role in which he oversees all the firm’s investment
teams outside of its home market of Japan. Wang was latterly head of
fixed income for Asia at Manulife Asset Management (Hong
Kong).

Russell Investments added Wouter Sturkenboom as a
London-based investment strategist within its global investment strategy team.
Sturkenboom provides economic analysis and capital market insight. He joined
from Kempen Capital Management in Amsterdam,
where he was a senior investment strategist in charge of the tactical and
strategic asset allocation for institutional and private clients.

Brown Advisory, the US
investment house, built its London office,
adding Simon Peck and Quintin Ings-Chambers, who were named as respectively
head and deputy head of the firm’s UK private client business. Peck
was most recently chief executive of the UK asset management business of
Fleming Family and Partners. Ings-Chambers was latterly an investor director at
Societe Generale Private Banking Hambros.

Verbatim Asset Management, the financial planning arm of
UK-based SimplyBiz Group, appointed Chris Fleming of Distribution Technology.
At Distribution Technology, Fleming is head of investment, responsible for the
risk-profiling of funds and setting the quarterly assumptions that drives the
asset model within Dynamic Planner (the firm’s advisor planning platform). In
his prior career Fleming was a senior investment consultant advising pension
scheme trustees at Aon Hewitt, and also a fund analyst at Deutsche Asset
Management.

Coutts added Lord Waldegrave of North Hill and Francesca
Barnes to its board. Lord Waldegrave has served on the boards of various
financial services institutions, including having been a non-executive director
at Fleming Family & Partners, vice chairman of UBS Investment Bank and
chairman of the global financial institutions group at Dresdner Kleinwort. Barnes
also had senior roles at UBS Investment Bank, serving as global head of private
equity, global risk manager and head of strategy and development. She is
currently a non-executive director at the Swiss and German private equity firm
Capvis, as well as serving on the boards of various educational and charitable
organisations.

Lloyds TSB Private Banking appointed Mark Campbell, a former
Barclays manager, to the newly created role of head of high net worth business
in the South West region of the UK.
Based in Bristol, Campbell has worked in the industry for more
than 12 years and has worked in the city for over two years. In his previous
role, he spent seven years working for Barclays Wealth (as the wealth and
investment arm of Barclays used to be known).

London-based Insparo Asset Management appointed Glenda Levin
as head of marketing, charging her with spearheading a marketing drive
targeting international investors. Levin previously spent eight years at Pioneer
Alternative Investments as head of equity strategy for fund of funds.

KNG Securities, the London-based fixed income boutique, recruited
Alessandro Vargiu and Filippo Gromo. Vargiu previously worked for Deutsche Bank
and Credit Suisse. Gromo, meanwhile, latterly spent seven years in the credit
and structured rates sales team at BNP Paribas.

New Quadrant Partners, the London based private client law firm, appointed
Karen Marks as a partner. Marks, who had been a partner at Maitland Advisory,
Boodle Hatfield and LG previously, advises on personal tax, trusts and
succession planning, specialising in clients with international affairs.

Intrinsic, the Swindon-headquartered national advisory firm,
appointed Simon Davies, Threadneedle’s former chairman, as a non-executive
director.

North America 

Minneapolis,
MN-based US Bank appointed Michelle Walker and Robert Stadler as
managing director of investment consulting and managing director of
private banking, respectively, for Ascent Private Capital Management in
Seattle.

Walker will provide investment plans for UHNW clients. She spent the
past 10 years as an investment specialist and money manager for a high
net worth Seattle-based family office.

Stadler will provide UHNW clients with banking solutions. Prior to
joining Ascent, Stadler served as a vice president and regional credit
executive at Bank of America Merrill Lynch.

US Bank Wealth Management named Terry Sandven chief equity
strategist, a newly-created position in which he reports to chief
investment officer Tim Leach.

Sandven will build and lead the equity team that manages individual
stocks not managed by third-party managers, for all client accounts of
Ascent Private Capital Management. Additionally, Sandven will lead the
equity workgroup, which supervises equity investment policy and
strategic process.

The wealth and investment arm of Barclays, the UK-listed bank,
appointed Stephen Liss and Alpa Patel as directors in the New York and
San Francisco offices.

In these newly created roles, Patel and Liss will advise high net
worth clients and related entities on domestic and international wealth
structuring, multi-generational estate planning, wealth preservation
strategies, and planned charitable giving.

Liss joined a New York-based team which includes Anthony Ruscigno,
director, and Kristen Rode, assistant vice president. Patel will be
based in the San Francisco office and will serve clients in the West
Coast and Texas regions. Both will report to Chris Johnson, director.

BMO Private Bank hired Terry Jack as vice president, senior portfolio
manager, focused on the Green Bay, WI, area. Jack’s hire was part of an
effort by the private bank to ramp up its Midwestern presence, and is
its sixth senior hire in the region in recent months.

Francisco, CA-headquartered Sanctuary Wealth Services, a provider of
business support services for breakaway advisors, named Craig Johnson as
chairman.

Johnson is vice chairman of JMP Group and a member of its executive
committee, as well as chairman of Harvest Capital Strategies. At JMP,
Johnson served as president from 2007 through 2010 and earlier was
president of JMP Securities between 2002 and 2007.

Beacon Trust Company, a Morristown, NJ-based subsidiary of The
Provident Bank, appointed Diane Allard as a vice president and portfolio
manager, responsible for managing investment portfolios and focused
primarily on high net worth clients.

Allard spent the past 10 years as a vice president and portfolio
manager at TD Wealth, managing investment portfolios for institutional
and HNW clients.

BNY Mellon chairman and chief executive Gerald Hassell announced three executive promotions. 

Karen Peetz, was vice chairman and CEO of financial markets and
treasury services, and is now president of BNY Mellon. Peetz will lead
global client management, regional management, treasury services and
human resources.

Brian Shea is now president of investment services and head of BNY
Mellon's global operations and technology group. Shea will continue in
his role as CEO of BNY Mellon's Pershing subsidiary and as head of
broker-dealer and advisor services.

Lastly, Timothy Keaney, previously vice chairman and CEO of asset
servicing, is now CEO of investment services. BNY Mellon said it will
align its asset servicing, corporate trust, depositary receipts, global
markets, global collateral services, broker-dealer services and Pershing
businesses under Keaney's leadership. Keaney retains his vice chairman
title.

Vice chairman Curtis Arledge remains as CEO of BNY Mellon Investment
Management, the New York bank's asset and wealth management businesses.

Peetz, Keaney and Arledge continue to report to Hassell. Shea will
report to Hassell as head of global operations and technology and to
Keaney in his role as president of investment services.

Raymond James & Associates added a trio of financial advisors in Fort Lauderdale, FL, from Morgan Stanley Wealth Management.

Scott Cutliff, Donald Horras and Patricia Polster - who make up the
Sunset Financial Group - previously managed over $204 million in client
assets and had annual fees and commissions of about $1.5 million.

LPL Financial, the independent broker-dealer that is part of LPL
Financial Holdings, named Victor Fetter chief information officer and
managing director of its business technology services unit.

Based in Charlotte, NC, Fetter will report to Mark Casady, LPL
Financial chairman and chief executive. He will also serve as a member
of the firm's executive management committee. He will develop the firm's
existing technology capabilities built by chief information officer
Chris Feeney, who is retiring after five years at LPL and over 30 years
in the financial services technology industry.

Genworth Financial appointed Thomas McInerney as president and chief
executive. McInerney will also join the board of directors and James
Riepe will continue to serve as the company's non-executive chairman of
the board.

McInerney previously held senior roles at ING Group and Aetna Financial Services.

Meanwhile, Genworth Financial Wealth Management appointed Daniel
Courtney as president of Genworth Financial Asset Management, the wealth
unit's affiliate investment arm. It is a newly-created role in which
Courtney will oversee growth strategy, including product development and
target markets. 

Courtney will report to Mike Abelson, senior vice president of
Genworth Financial Wealth Management's investments and product
development. He will also work closely with Tim Knepp, chief investment
officer of the asset management division.

Morgan Stanley Wealth Management added two former Merrill Lynch advisor teams in New York.

Nancy Buttweiler, Kristopher Schultz and David Peterson previously
managed $141 million in assets and had a combined production of over
$1.2 million. They report to branch manager Michael Junker in St Paul.

Richard Prybyl, Richard Farr and Steve Headrick previously managed
$248 million and had a combined production of about $1.8 million. They
join Morgan Stanley in Ithaca and report to Dean Wallace, Central
Eastern, NY, complex manager.

WSFS Bank appointed Mark Gordon as director of private banking within its wealth management division.

Gordon joined the bank in 2007 as vice president within the
commercial banking division. Before that he led a private banking team
in Greenville, DE, at Mellon Financial Corporation, and earlier still he
worked with wealthy clients as an advisor with Merrill Lynch.

The Private Client Reserve, a unit of US Bank, appointed Matthew
Ordway as a vice president and wealth management advisor in Chicago, IL,
and the greater metro area. 

Ordway will provide private banking, personal trust, investment
management and financial planning to HNW clients. Prior to joining the
PCR, Ordway was a vice president/relationship manager at PNC Bank Wealth
Management.

Didem Nisanci, chief of staff at the Securities and Exchange Commission, left the agency.

Nisanci was named chief of staff in March 2009 and was a senior
advisor to the chairman on policy, management and regulatory issues.

New York-based Royal Alliance Associates, an independent
broker-dealer, recruited three advisor teams with a combined $800
million in assets under management. 

The three advisor teams are: Beverly Hills Financial Planners in
Beverly Hills, CA; Ranker-Hanshaw Wealth Management in Harrisburg, PA;
and Informative Financial Services in Sylvania, OH. 

The Hedge Fund Association set up a new high net worth advisory
board, chaired by marketing veteran April Rudin. The HNW advisory board
will develop educational programs and networking events globally for
wealthy investors.

In a separate move, the HFA promoted Ryan Mitchell to HFA West Coast chapter regional director.

Philadelphia, PA-headquartered Janney Montgomery Scott promoted
Anthony Miller to executive vice president, chief administrative officer
and financial operations principal.

Miller joined the firm 10 years ago as the director of internal audit
and was later promoted to chief financial officer. Prior to joining
Janney, he worked at Ernst & Young.

In a separate move, Janney brought in Gregory McShea as senior vice president and general counsel.

McShea has 15 years of experience in regulatory and legal affairs
within the financial services industry, most recently with M&T Bank.
There he oversaw the regulatory and compliance function of the asset
management division, and was also responsible for compliance oversight
of the bank’s broker-dealer unit.

Waterbury, CT-headquartered Webster Bank appointed Al Falco as a
senior vice president and senior private banker serving the Greater
Hartford region.

Falco will provide individuals with banking, lending, investment
trust and planning services, as well as institutional asset management
for middle-market corporations and non-profits.

He was latterly a senior vice president and private client manager in
the private wealth management division at US Trust, Bank of America.

Wells Fargo Advisors recruited the financial advisor team of Joseph
DiRago and Penny DiRago from Morgan Stanley Wealth Management. The two
brokers, who are husband and wife, joined the firm's San Antonio, TX,
office, where they report to branch manager Hugh Patterson.

Joseph and Penny DiRago both worked at Morgan Stanley for over six
years. Over the past year they generated $1.4 million in fees and
commissions, and managed $180 million in client assets.

Peter Moertl left his post as head of international wealth management
at BNY Mellon. He held the role for "a little more than two years" and
there are no plans to replace him at this time. As head of international
wealth management, Moertl lead the firm's international high net
worth/family office client business in Asia-Pacfic, Latin America,
Europe, the Middle East and Africa, according to LinkedIn.

Northern Trust expanded its wealth management team in Dallas, TX,
adding Michael Montgomery as managing director and Jamie Cuellar as
senior investment portfolio manager.

Montgomery will lead a team serving affluent individuals and families
with investment management, fiduciary and credit needs. He will report
to Dallas region president Mark Flagg. Cuellar, who reports to
Montgomery, will advise clients on their investment needs.  

Montgomery was most recently a managing director at Harris myCFO.
There, he served as the primary contact, financial strategist and
coordinator for the firm's wealth management and family office services
across the Southwest.

Cuellar was latterly a managing director and portfolio manager with
PineBridge Investments and a predecessor subsidiary, John McStay
Investment Counsel.

Raymond James Financial Services recruited a team of advisors in Baltimore, MD, from LPL Financial, led by advisor Tony Fusco.

The team operates as Fusco Financial Associates, an independent firm with offices at 505 Baltimore Avenue in Towson, MD.

Fusco is joined by his partner and son, Kevin Fusco, as well as
financial advisor David Matthews; senior financial analyst Steven Moore;
registered associates Donna Childress and Michelle Dumler, and client
services associate Ascenza DiFerdinando. Fusco spent the last 16 years
at LPL and managed over $230 million in client assets.

East Hartford, CT-based 3D Asset Management added Timothy Baker, Tom
Chimirri and Edwin Nunez as regional vice presidents on its business
development team. The trio report to Vincent Leon, national sales
manager.

Baker joined from Symmetry Partners, where he managed key
relationships with financial advisors, broker-dealers and RIAs across
the US. At 3D, he will serve as the regional vice president for the
Southeast region.  

Meanwhile, Chimirri - latterly of Legg Mason Global Asset Management -
is responsible for the North Central region, while Nunez will cover the
Northwest region. Prior to joining 3D, Nunez was a regional sales
director at Financial Products. 

Virginia-based registered investment advisor Washington Wealth
Management added California Wealth Transitions and Overlake Partners to
its advisor platform - taking its assets under management to $1 billion.

Based outside Seattle in Bellevue, WA, Overlake Partners is an
independent financial advisory practice led by John Wilbourne,
principal. Wilbourne has over 18 years of industry experience and was
most recently with Wells Fargo Advisors.

The Private Client Reserve, a unit of Minneapolis, MN-based US Bank,
made two senior hires spanning Naples, FL, and the San Francisco Bay
Area.

In Naples, Jason Philips joined as vice president and private banker.
Meanwhile, Neil O’Keeffe joined as a vice president and wealth
management consultant in the Bay Area, spanning San Francisco, Palo
Alto, and San Jose.

Philips has over a decade of experience working for US Bank and in
his new role will serve high net worth individuals and families. He
previously worked in the commercial banking division and consumer
banking.

Meanwhile, O’Keeffe will work with wealthy families, business owners,
foundations and individuals. He previously served as a director at
AllianceBernstein Institutional Investments and prior to that was a vice
president and financial advisor at Bernstein Global Wealth Management.

FolioDynamix, a provider of web-based wealth management technology,
appointed Aaron Schumm to the newly-created role of chief customer
officer. Schumm oversees revenue generation and strategy. He previously
served as senior vice president of products for FolioDynamix. He was
also one of the firm's original founders in 2007. Prior to joining
FolioDynamix, Schumm was a vice president at Citigroup, with a focus on
global asset manager solutions.

Man Group hired an executive chairman for North America as it looks
to grow its business among institutions, foundations, family offices and
intermediaries. John Rohal will work closely with Eric Burl and Lance
Donenberg, respectively chief operating officer and head of sales for
North America, and report to Manny Roman, president and COO of Man.

Rohal is a former institutional client of Man’s and was a member of
the investment committee at California-based Makena Capital Management, a
multi-asset class investment manager. There he oversaw global
investments in public equity and tactical hedged equity. He stepped down
from this position on joining Man.

Morgan Stanley Wealth Management recruited eight financial advisors -
seven from Merrill Lynch and one from Barclays - with a combined $778
million in assets under management.

The largest former Merrill team by assets includes Luis Fuentes,
Christopher Fuentes and Rosario Hondermann, who joined in Miami, FL.
They previously oversaw $373 million in client assets and generated
$1.97 million in fees and commissions. Senior client service associate
Louis Fuentes moved with that team. The team reports to complex manager
Kevin McCarty.

Meanwhile, a second team comprising Brant Giere and Lisa Szucs joined
from Merrill in Akron, OH. Giere and Szucs previously had $210 million
in client AuM and $1.005 million in production. They report to branch
manager Jason Haines.

Additionally, Vince Costanzo and Rex Mack joined from Merrill in
Cleveland, OH. The pair previously had $115 million in client AuM and at
Morgan Stanley report to branch manager Robert Hartmann.

Lastly, joining from Barclays in Shrewsbury, NJ, was Howard
Shallcross, who previously oversaw $80 million in client assets. He
reports to branch manager Todd Sacks.

Barbados-based CIBC FirstCaribbean named Dan Wright as a director for private wealth management.

Wright was latterly senior vice president and head of international
wealth management at Bank of Nova Scotia in Toronto, a role in which he
oversaw the bank’s wealth management business in the Caribbean, Latin
America and Asia. He also served as chair of BNS Trust Company in the
Bahamas and as a director of various Caribbean-based businesses in the
Cayman Islands and Jamaica.

In his new role Wright will focus on implementing CIBC
FirstCaribbean’s new strategy to deliver a “holistic advisory service”
to private wealth management clients both regionally and
internationally. He will initially be based in CIBC FirstCaribbean’s
Cayman Islands office.

Geller & Company hired Tricia Levin as its new partner in charge
of tax services, responsible for shaping tax strategy for the firm and
its clients, and also for helping guide the overall strategic direction
of the firm’s Family Office Services business. Levin joined the
executive team at Geller from Deloitte’s private company services
practice. She worked there for over 17 years, liaising with high net
worth individuals and private equity firms on tax matters.

New York City-headquartered Snowden Capital Advisors, a dual listed
RIA and broker-dealer, made three senior appointments. Lyle LaMothe
joined as non-executive chairman of the board, while Greg Franks started
as managing partner and president. Finally, Chris Lappas was named
chief operating officer.

LaMothe is a senior partner of Left Hand Logic, a business consulting
firm focused on the independent financial services industry. He was
formerly head of US wealth management at Merrill Lynch. Franks was
latterly Western/Mid-Atlantic division director and regional managing
director of US wealth management at Merrill Lynch.

Lappas was previously a regional director for wealth management and banking in the Northeast region at Merrill Lynch.

Snowden has brought in two new strategic investors: Bob Doll, chief
equity strategist and senior portfolio manager at Nuveen Asset
Management and former BlackRock chief equity strategist, along with
Brinker Capital, an independent asset management firm based in Berwyn,
PA.  

Doll and Charles Widger, executive chairman of Brinker Capital's
board of directors, will join Snowden's strategic advisory board, which
also includes LaMothe and Pete Mooney.

Aristotle Capital Management hired Dennis Sugino as managing director
and part of its executive team. Sugino was a co-founder and president
of Cliffwater, an investment firm specializing in alternative assets for
institutional clients. He held this role from 2004 to 2012.

Standish Mellon Asset Management appointed Federico Garcia Zamora to
the newly-created position of senior portfolio manager of currency
strategies. Reporting to Standish Mellon's chief investment officer
David Leduc, Zamora will be responsible for making investment
recommendations in global currencies for single sector and multi-sector
fixed income strategies. He will also manage the firm's upcoming
currency absolute return strategies.

Zamora was previously co-manager of the international fixed income,
global fixed income and strategic inflation opportunities funds at
American Century Investments.

Canada-based Morguard appointed Vikash Jain as vice president and
chief investment officer of Morguard Financial, its wholly-owned fund
management company. Jain succeeded Charles Dillingham - whose reason for
departure is unknown - on December 31. As CIO, Jain will oversee the
management of the equity and fixed income portfolios that Morguard
Financial manages for its institutional, retail and HNW investors.

The members of Dillingham's portfolio management team, Derek Warren
and Kate MacDonald, will continue their day-to-day management of the
Morguard portfolio of funds under Jain's direction.

London-based Insparo Asset Management appointed Glenda Levin as head
of marketing, charging her with spearheading a marketing drive targeting
international investors, which will focus on the US in particular.
Levin previously spent eight years at Pioneer Alternative Investments as
head of equity strategy for fund of funds.

DA Davidson & Co opened a Pittsburgh office and made a number of hires to its taxable fixed income group.

John Koodrich, who joined the firm from Raymond James, runs the new office as chief credit strategist.

The new team members are:

•Paul Beaudoin, senior vice president, corporate bond trader, Seattle; 

•George Covert, senior vice president, institutional sales, Austin; 

•Brian Doherty, vice president, institutional sales, Boston;  

•Tracy Hindman, vice president, institutional sales, Pittsburgh; 

•Jake Koodrich, credit strategist, Seattle; 

•Matt Lynch, senior vice president, institutional sales, Denver; 

•Doug McKoy, vice president, institutional sales, Denver; 

•Dan Murphy, senior vice president, institutional sales, New Jersey; 

•HT Simonton, senior vice president, institutional sales, Memphis; 

•Jeff Stanley, senior vice president, portfolio strategist, Seattle; 

•Chris Sundquist, vice president, institutional sales, Lincoln, Nebraska; 

•Robin Taylor, senior vice president, institutional sales, Chicago. 

The appointments have extended the taxable fixed income team’s coverage to Chicago, Boston, Austin and Memphis.

Members of the strategies team report to James Rice, head of taxable
fixed income trading, while the institutional sales team reports to Rick
Turnage, head of fixed income sales.

Prospera Financial Services brought in two advisors in Westchester,
PA, and Plymouth, MA, adding over $56 million in assets under
management. Tom Ambrose of Ambrose Wealth Management has over 32 years
of experience and was formerly with Ameriprise. Meanwhile, Hilary
O’Malley - latterly of Wells Fargo Advisors - joins Plymouth Rock
Financial Partners and has been advising clients for over 19 years.

Asia-Pacific

Prime Value Asset Management, the Australian boutique equities management
firm, named a new national distribution manager, Jake Ireland. He moved to the
company from Russell Investment Group, where he previously served as advisor
partnership manager.

FIIG Securities, the Australian fixed income and financial planning firm,
named a financial services industry veteran as its new chief executive. Mark
Paton joined the company from Westpac where he was general manager for
commercial banking, Victoria
for five years.

Perpetual Investments, the Australian asset management firm, hired former
Select Asset Management employee, Robert Graham-Smith, as portfolio manager to
supervise absolute return portfolios, based in Sydney. Gillian Larkins joined Perpetual
Investments as chief financial officer, taking over from Roger Burrows who left
in November to join Asciano Limited. Prior to that, Larkins was with Westpac
Institutional Bank, where she served as chief financial officer and managing
director.

Energy Super, the Australia-based superannuation fund, bulked up its
investment team with two hires - Daniel Judd joined as investment manager,
while former ANZ Bank employee, Andrew Russell-Clarke stepped in as key member
relationships manager.

HLB Mann Judd, the Melbourne-based accounting firm, created a new division
dedicated to providing wealth management services, and consequently appointed
Andrew Lord to lead the new unit (HLB Mann Judd Wealth Management) as key
financial advisor.

Cadwalader, Wickersham & Taft, the international law firm that services
financial institutions, added Rose Zhu as a partner to its China office, based in Beijing. Zhu joined the firm from K&L
Gates, where she was a partner specialising in capital markets, mergers and
acquisitions and bank financing transactions.

China Merchants Group, the state-owned investment group, launched a new
asset management business that focuses on 'alternative investment.' The new
firm, China Merchants Capital, is  manned
by a 100-strong team of financial specialists, with Ziang Tianwei as chief
operating officer and Fu Yuning as chairman and chief executive.  Zhang previously worked for JP Morgan, while
Fu is the chairman of China Merchants Group.

BNP Paribas named a new head for its global equities and commodity
derivatives business in Asia-Pacific, supervising BNP Paribas Equities in Shanghai and BNP Paribas Securities in Taiwan. Hugo
Leung assumed the role of head of GECD, Greater China, and deputy chief
executive for BNP Paribas Securities (Asia).
He also continues to manage the Asia-Pacific equity syndicate function, with a
strong focus on Greater China deals.

Offshore legal and fiduciary services provider Appleby made important
changes to its leadership team - Frances Woo moved up to group chairman,
succeeding Peter Bubenzer who will be retiring from the group on 31 March 2013,
after a career at Appleby of more than 32 years. Appleby also appointed a new
global head of its corporate and commercial practice, Cameron Adderley, who
succeeds Judith Collis, also retiring on 31 March 2013, after 27 years.

The chief financial officer resigned from Hong Kong Exchanges and Clearing
Limited, the holding entity for the Stock Exchange of Hong Kong, Hong Kong
Futures Exchange and Hong Kong Securities Clearing Company. Effective from 13
January 2013, Stephen Jeffrey Marzo transfers his responsibilities to current
deputy CFO Kwong Yau Shing on an acting basis. A selection committee will be
formed in due course to identify his official replacement.

Ascalon Capital Managers, the Australian fund manager that caters to high
net worth clients, named a new chief executive, Chuak Chan. He took the lead
role at the firm after serving as head of Ascalon Asia since July 2011 to boost
the company's presence in the fast-growing region.

LeapFrog Investments, the US-based investment management firm, appointed two
new partners, Michael Fernandes and Stewart Langdon, to grow its financial
services capabilities in South and South East Asia.
Fernandes most recently served as country head for India at Khazanah Nasional, the
Malaysian fund, and Langdon was previously director of investments at LeapFrog.

Davis Polk & Wardwell, the New York-headquartered international law
firm, strengthened its Hong Kong office with
the addition of two new partners, Martin Rogers and James Wadham. They joined
the firm to help place Davis Polk's Hong Kong and Asia franchise at par with
its US
office in terms of volume of work. Both Rogers and Wadham previously worked at
Clifford Chance.

Manulife Asset Management named a new portfolio manager, Oscar Leung, for
its Hong Kong equities business. Prior to
this. Leung was a senior investment manager for Hong Kong China equities at ING Investment Management, in Hong Kong.

The Hong Kong Securities and Investment Institute, the professional
organisation for the securities and investment industry in the Asian region,
announced a new chairman and set of board directors – Craig Blaser Lindsay
replaced Anthony Muh, bringing over 30 years of financial services experience
to the role. The board directors elected by members include Prof Michael Arthur
Firth, John Martin Maguire, Colin Stuart Shaftesley and Tsang Chi Suen Trini.
Directors appointed by the Securities and Futures Commission are Chiu Kwow
Keung Ringo, Shek Chi Fai Derek and Wong Ying Kwan Stephen.

JP Morgan has relocated its chief executive for Latin America, Nicolas
Aguzin to Hong Kong to become its new
Asia-Pacific head.

Manulife, the Canada-based financial services group, named Paul Smith as the
new head of individual financial products in Hong Kong.
Smith has been with Manulife for 27 years and has held senior roles in
insurance, wealth management, distribution and banking in both the Canadian and
Singaporean offices.

JP Morgan Asset Management appointed former Standard Chartered executive,
Tai Hui, to lead its Asia-Pacific funds business. Tai Hui assumed the
newly-created role of chief Asia-Pacific strategist for the funds business,
based in Hong Kong. His old post was filled by
David Mann, who relocated from the US.

Principal Global Investors, the US-based asset management firm, appointed
two new members to its emerging markets equity team - Mohammed Zaidi joined as
head of emerging Asia strategies, while Alan Wang took on the role of portfolio
manager for Hong Kong and China
equities, and head of the Greater China research team.

Goldman Sachs Asset Management has named Sheila Patel as the new head for
its Asia ex-Japan unit. The appointment is an
expansion of her previous role, co-chief executive for Europe, Middle East and Africa. Patel took over from Oliver Bolitho, who was
named chairman of GSAM Asia-Pacific.

BNY Mellon, the global investment management firm, named the new equity
finance head for its Asia-Pacific operations, Paul Solway. He joined as
managing director and regional head of equity finance for APAC, based in Hong Kong. He also became a member of the Asia-Pacific
operating committee.

JP Morgan added to its team of India-focused bankers by appointing managing
director Ravi Bulchandani and executive director Jafar Hamid. Bulchandani
joined the bank from Barclays Wealth (as that bank’s wealth and investment arm
used to be known), where he was a senior private banker in the ultra high net
worth team and also a member of its private client asset allocation committee. Hamid
previously worked at Credit Suisse Private Bank where he was a senior private
banker and investment partner for ultra high net worth Indian clients.

Nikko Asset Management, the Japan-headquartered investment firm, appointed
new senior members to its management team – Yu Ming Wang was named chief
investment officer, international, while Hiroki Tsujimura as CIO for Japan.

Wang joined the firm from Manulife Asset Management, where he was head of
fixed income for Asia. Tsujimura was the head
of active investments at Nikko Asset Management. In his new post, he will be
overseeing all investment management activities in the Tokyo branch.

Blackstone, the world’s biggest alternative
investment manager, appointed Gautam Banerjee as chairman of Blackstone Singapore, a
newly created position. Banerjee joined the New York-listed firm from
PricewaterhouseCoopers Singapore,
where he spent more than 30 years, becoming executive chairman 2004.

Credit Suisse appointed a new market area head, Southeast Asia for private banking Asia Pacific, Claudio de Sanctis.  Formerly at UBS Wealth Management, de Sanctis
assumes the Singapore-based position on 1 April this year. The move sees Tee Fong Seng
step down from the role, which he occupied for the past year, while remaining
vice chairman of private banking Asia Pacific.

GIC, the sovereign wealth fund wholly-owned by the Government of Singapore,
named Lim Chow Kiat  as the new group
chief investment officer, effective 1 February 2013. Kiat succeeds Ng Kok Song,
who will be retiring after 42 years managing Singapore's foreign reserves.

APS Asset Management, the Singapore
hedge fund, appointed a former cabinet minister, Raymond Lim, as its chairman.
He took the top role at the company after serving as senior advisor and independent
director since January 2012. Before joining APS, he held various ministerial
appointments, including second minister of finance, second minister of foreign
affairs and minister of transport.

Swiss private bank, Lombard Odier, named industry veteran, Vincent Magnenat
as Singapore-based CEO. He succeeded Richard Wee, who remains on the Lombard
Odier Singapore board, assuming the position of vice chairman of board. In his
new role, Magnenat oversees the growth of both the private banking and the
asset management businesses in Singapore
and Southeast Asia.

Vistra Fund Services, the fund administration unit of international trust
and fiduciary group Vistra Trust & Corporate Services, has expanded its
Asian network to include Singapore.
The new office is jointly managed by Charles Kwun, Andrew Mascall-Robson, the
regional commercial directors, and Jean-Pierre Koolmees, the managing director
of Vistra Singapore.

Withers, the international law firm, appointed Simon Michaels as a partner
in its Singapore
office, becoming the third partner to join the group in the city state since
the office opened in May 2012. Michaels takes up his role in Withers’ wealth
planning practice this month.