The start of 2013 saw no let-up in the pace of moves in the global wealth management industry.

Baird is planning
to open a new wealth management office in the Northeast and has brought in
Peter Miller from Wells Fargo to lead the effort.

Miller is charged
with recruiting experienced advisors in the Northeast to staff a new office
there; the precise location of the new office has not been determined yet.
Miller himself will be based at the firm’s St Louis office.

Miller was
latterly a member of Wells Fargo Advisors’ senior leadership team, heading up
the advisor development group. In this role he managed training, recruitment
and development of the firm’s branch managers and financial advisors.

Morgan Stanley
Wealth Management added five UBS advisors, bolstering its teams in Florida and New
Jersey.

Kevin Cooper
joined Morgan Stanley in Boca Raton,
FL, reporting to complex manager
Bert White. At UBS he had assets of $400 million and production of $1.6
million.

In Shrewsbury, NJ,
Morgan Stanley added The Ryan Group, comprised of John Ryan, David Nelson,
James Gallagher and Philip Martinho. The team reports to branch manager Todd
Sacks. It had $350 million in combined assets at UBS, and production of $2.8
million.

Los
Angeles-headquartered Aristotle Capital Management added Jay Cunningham and
Eric Gerritse to its investment management team and Andrew Shapiro as director
of trading.

Cunningham joined
as a senior research analyst. He latterly worked at Metropolitan West Capital
Management, where he worked with Aristotle’s chief executive Howard Gleicher
until 2010, when Gleicher left.

Gerritse joined
following a 17-year international career in investing. He was based in the Netherlands for
a period as a fund analyst for ABN AMRO Advisors, and as an analyst at
MeesPierson.

John LaPann, the
founder of Boston-based wealth manager Federal Street Advisors, delegated the
day-to-day management of the firm to two of his colleagues, as he remains as
chairman and lead advisor.

Kristin Fafard
was appointed as president and chief investment officer while Jennifer
Christian Murtie took over as chief operating officer. Fafard was previously
director of research, a position that Emily Bannister is now taking on.

As chairman,
LaPann will stay involved with decisions that affect the whole firm, and he
will also spend more time working directly with clients and leading the advice
team. He remains on the firm’s investment committee.

Florida-based
Fross & Fross Wealth Management, an investment advisory firm, took on Paul
Hoffman as a portfolio manager and wealth advisor.

Hoffman will be
in charge of portfolio structuring and analysis, as well as providing timely
information to clients. He has over 25 years of investment experience, having
served as vice president of fixed income, currency and commodities at Goldman
Sachs, among other roles at AMBAC Securities, TIAA-CREF, BNY Mellon, Citizens
First Bank and Gibraltar Private Bank.

Raymond James
& Associates, the broker/dealer subsidiary of Raymond James Financial,
nabbed another financial advisor team from Morgan Stanley, this time in Houston, TX.

Financial advisors
and senior vice presidents Marlene Fowler and Christopher Fowler operate as the
Fowler Financial Group and previously managed over $70 million in client
assets, with annual fees and commissions in excess of $700,000.

Prior to joining
Morgan Stanley, the husband-wife team spent a combined 29 years at AG Edwards,
where they managed more than $100 million in client assets and had annual
revenues of some $1 million.

First Republic Bank appointed senior vice president
Jason Bender to the newly-created position of chief administrative officer.

Bender currently
manages First Republic’s finance department but will
assume additional responsibilities for lending operations and servicing, as
well as administrative services. He joined First Republic
in 1999 and has led the bank’s finance department since 2001. 

Bank of Montreal
brought in Robert Cormie to head new private banking operations in Asia, as the
firm seeks to create a global service for wealthy individuals looking to manage
their investments across North America and
Asia-Pacific.

The move offers
high net worth clients a more integrated and flexible range of financial
products and services, while bridging local clients venturing abroad and
international clients conducting business in Asia, BMO said.

Cormie was named
regional vice president and managing director of private banking in Asia and
will report to Alexandra Dousmanis-Curtis, senior vice president and head of
private banking in Canada
and Asia. Cormie will also have a regional
reporting line into Albert Yu, BMO's chief executive in Asia.

Joe Reilly,
founding president of the Family Office Association, is leaving the firm to
“explore a new project”.

FOA is a global
membership organization exclusive to single family offices and families of
wealth, based in Greenwich, CT,
with members from across the US
and globally.

Financial
advisors Philip Maurer, David Kushner and Barbara Maurer joined the Newtown, PA,
branch of Raymond James & Associates, the broker/dealer subsidiary of
Raymond James Financial.

The team operates
as M2K Financial and joined from Morgan Stanley, where it managed over $146
million in client assets and had annual fees and commissions in excess of
$935,000.

Philip Maurer
started his financial services career 12 years ago as a financial advisor at
Prudential Securities, which then merged into Wachovia. In his new role at
Raymond James, he focuses on financial planning and specialty equity income
portfolio management.

Kushner, who has
four years of industry experience, is vice president of investments for M2K
Financial. He latterly served as a second vice president and financial planning
specialist at Morgan Stanley. At Raymond James, he specializes in financial
planning services including wealth management and college planning, while
advising on corporate retirement plans, specifically 401(k) plans.

Lastly, Barbara
Maurer is a financial advisor and wealth management specialist. She started her
career at Merrill Lynch in 1987, where she served as an assistant vice president
and supervisor. She formerly worked at Morgan Stanley.

US-based Real
Estate Capital Partners hired Thomas Etzel as managing director and head of
strategy and business development, based in New York
and Germany,
as the firm looks to expand into European real estate investments.

RECAP also
promoted two of its executives to the newly-formed management committee with
Etzel. Paul Doocy was promoted from executive vice president to chief
investment officer, while Andre Kinney was named COO, but retains his previous
role as head of asset management.

Etzel will also
serve on the executive committee along with Doocy, Kinney, Sylvia Gross,
Michael Fruchtman, Robert McGee and Karin Shewer. Shewer, a founding partner of
RECAP, became chairman of the RECAP board, while continuing to focus on
investor marketing, business development and strategic initiatives.

Ameriprise
Financial appointed Lisa Spadoni as a financial advisor within the private
wealth advisory practice of Goldstein & Associates. Spadoni was latterly a
financial advisor with Edward Jones, having previously worked for many years in
the printing industry.

Bank of America
appointed 13 business, academic and public policy leaders to its newly-created
Global Advisory Council, which is chaired by chief executive Brian Moynihan.

Members of the
council will share expertise and insights on the bank’s global engagement,
while advising senior bank executives on trends and emerging opportunities in
local markets.

Members of the
Bank of America Global Advisory Council, which is a non-fiduciary body,
include:

• Dr Patrick
Soon-Shiong (US) - founder, former chairman and CEO, Abraxis Bioscience;

• David Westin
(US) - former president and CEO, NewsRight, and former president, ABC News;

• The Honorary
Kay Bailey Hutchison (US) - former US
senator (Texas);

• Bader Al Sa’ad
(Kuwait)
- managing director and CEO, Kuwait Investment Authority;

• Donald Argus (Australia) -
former CEO, National Australia Bank, and former chairman, BHP Billiton Group;

• Thierry Breton
(France)
- chairman and CEO, Atos;

• Edson de Godoy
Bueno (Brazil)
- president and CEO, Amil Participacões;

• Chong-Suk Choi
(South Korea)
- president and CEO, chairman of the board of directors, Korea Investment
Corporation;

• Sir Sam Jonah (Ghana) -
founder and chairman, Jonah Capital;

• Eijiro Katsu (Japan) - former administrative vice minister at Japan’s Ministry of Finance, and former director
general at Japan’s
Finance Bureau;

• Dr Jürgen Kluge
(Germany)
- director emeritus, McKinsey & Company;

• Ali Koç (Turkey) -
executive board member of Koç Holding and chairman of Ford Otosan;

• Professor
Frederick Ma (Hong Kong) - former secretary for financial services and the
treasury, and former secretary for commerce and economic development, Hong Kong.

JP Morgan
appointed Reuben Rashty to lead the firm’s private banking operations in Michigan, spanning offices in Grand
Rapids, Bloomfield Hills, Ann
Arbor and Grosse Pointe.

Prior to taking
up his market manager post, Rashty served as a senior banker at JP Morgan Chase
Private Bank. In his new role, he will direct the team that offers deposit,
credit, fiduciary and philanthropic services, and investment advice to high net
worth clients.

Cleveland,
OH-based The Private Trust Company made two senior hires, with more to follow,
as it works with its parent firm LPL Financial Holdings to expand its high net
worth offering.

Jack Keane joined
as vice president, finance and administrative officer, while Carolyn Neuner
started as an assistant vice president and trust officer. The firm plans to
take on additional trust officers in 2013.

Neuner is
responsible for trust accounts and wealth management clients, providing
guidance related to the implementation of estate plans for intergenerational HNW
clients. Prior to joining PTC, she served as vice president of personal trust
administration at TIAA-CREF Trust Company. Before that she held numerous senior
trust and leadership roles at Bank of America, most recently as a senior vice
president and team leader. 

Keane is latterly
of National City Corporation, where he was chief financial officer for its
institutional asset management division.

Mike Selfridge,
senior executive vice president at First Republic Bank, was given the
additional role of deputy chief operating officer.

Selfridge
oversees First Republic’s
private banking business in the San Francisco, CA, and Silicon Valley
areas, and as deputy COO takes on additional responsibilities including
immediate oversight of information technology. He joined First Republic
in 2012 after 18 years at Silicon Valley Bank, where he was head of regional
banking.

UBS Wealth
Management Americas lured a long-time Merrill Lynch advisor, adding Todd
Starkey to its Melbourne, FL, office, Reuters reports.

Starkey was
previously based at Bank of America Merrill Lynch’s Merritt Island office, where he managed $260
million in client assets. Last year he generated $2.1 million in annual
revenue, the news service said. He was at the firm for over a decade.

He was joined by
senior registered associate Candace Pelham in the move to UBS.

Fiduciary Trust
Company International, a subsidiary of New York-listed Franklin Resources,
appointed Jim Le Rose as a managing director and relationship manager.

Le Rose previously
worked as a senior relationship manager at Lazard Wealth Management, before
which he was a senior client account manager at Bessemer Trust.

Bank of America
added Arnold Donald and Lionel Nowell to its board of directors.

Donald is an
investor and management consultant operating through his private firm, AWD
Group. He previously served as president and chief executive of The Executive
Leadership Council, a non-profit organization that provides African-American
executives at major US
companies with a professional network and a forum on business issues.

Meanwhile, Nowell
served as treasurer of PepsiCo between 2001 and 2009, having previously served
as chief financial officer of The Pepsi Bottling Group, a role he took up in
2000. He joined PepsiCo from RJR Nabisco Inc, where he was a strategy and
business development executive.

UBS named Andre
Cronje, former wealth management chief executive for the UK and Jersey,
as chief operating officer of its investment bank.

Cronje replaced
Sam Molinaro, who was appointed as COO last March, although Michelle Bereaux
took over on an interim basis at the start of November.

UBS said Cronje’s
experience spanning investment banking, wealth management and corporate center
is a “major asset” as the firm seeks to reposition itself and strengthen
partnerships across the group, particularly with wealth management.

Cronje joined UBS
in South Africa
13 years ago and has held senior roles in strategic advisory and M&A,
having previously worked at UBS Warburg, Standard Corporate and Merchant Bank
as an investment banker. He is a qualified lawyer and accountant.

In his new role,
Cronje will work closely with business heads in corporate client solutions and
investor client services, as well as with all finance, operations, technology,
marketing and control teams to “strengthen the integrity and effectiveness” of
UBS’s front-to-back operating and control environment.

Chicago-based
William Blair & Company named six new partners.

The new partners
are: Simon Fennell (investment management/London); Robert Napoli (research);
Scott Stevens (corporate finance); Joseph Tabet (private client advisors); Matt
Zimmer (corporate finance/London); and Jon Zindel (administration).

Atlanta,
GA-headquartered LCG Associates, the investment consultancy firm, made a raft
of senior promotions.

Senior vice
president Britt Bentley is now a principal of the firm, while Eric Huff has
been appointed as vice president of manager research. Additionally, Peggy
Madden and Patricia Utke were named as vice presidents of client performance
and reporting. They are all are based out of the Atlanta office.

The Securities
and Exchange Commission named David Grim as deputy director of its investment
management division.

Grim has worked
in the investment management division for 17 years, most recently as assistant
chief counsel. He joined the SEC in September 1995 as a staff attorney at the
office of investment company regulation, moving to the office of chief counsel
in 1998.

Family Office
Exchange, a membership organization of single family offices and advisors,
appointed Christian Sulger-Büel as managing director for FOX International. He
is based in London.

Sulger-Büel’s
task is to expand and support the FOX network around the world, the
organization said in a statement. He has extensive experience working with
family offices and wealth advisors and since 1999 has operated his own
consultancy helping families set up and recruit for their family offices.

BNY Mellon Wealth
Management hired David Duffy as a sales director within the mortgage banking
group.

Duffy is charged
with growing the firm’s residential mortgage business across the Mid-Atlantic
region, focused primarily on the Washington
and Philadelphia, PA, markets. He reports to Erin Gorman,
managing director for national mortgage sales and private banking in the
Northeast.

Brown Advisory
took on Malcolm MacColl as a partner at its Boston, MA,
office, as the firm looks to expand its offering for private clients and family
offices.

The firm said MacColl
will strengthen the investment, client service and business development efforts
for its private, institutional and non-profit clients in New
England and nationally.

MacColl joined from Crosswind
Investments, an investment management firm he founded and led until selling it
to the Lee Munder Capital Group last year. Prior to Crosswind, he was co-chief
executive and managing principal of Essex Investment Management Company, a
Boston-based firm with about $5 billion in assets.

HNW, Inc, a US marketing and
technology firm specializing in the financial services sector, appointed Carol
Eversen as managing director of client services.

Reporting to chief executive
Stacey Haefele, Eversen will oversee the firm’s business development and
relationship management functions. She has over 25 years of experience in sales
and marketing across the telecommunications, financial services and
professional services industries, most recently as a vice president at
LexisNexis Marketing and Business Solutions.

TCW Group, the US-based asset
manager, named Meredith Jackson as executive vice president and general
counsel.

Jackson succeeded Michael Cahill, who joined TCW in 1991 and will remain with the
firm through mid-2013.

Jackson is formerly of Irell & Manella, where she served as a partner and head
of the debt finance practice since she joined the firm in 1999. She was also
co-chair of the transactional practice group and a member of the executive,
recruiting and legal opinion committees.

HighTower made two senior hires
in Maryland, adding to its Baltimore-based
Kelly Wealth Management and Bethesda
practices.

In Baltimore, Matt Moore joined Kelly Wealth
Management as a managing director with $200 million in assets, while Stephen
Rosen joined HighTower Bethesda as a managing director and partner with $140
million.

Moore has over 20 years of experience in the financial services industry and
works with affluent families, individual clients, closely-held businesses and
non-profit organizations. He previously served as a senior financial advisor
and first vice president of investments at Merrill Lynch.

Rosen is latterly of UBS and
specializes in financial planning and portfolio management for high net worth
individuals. He has 18 years of industry experience.

Two advisor groups left Morgan
Stanley Wealth Management in Short
Hills, NJ, to join
UBS Wealth Management Americas and Bank of America Merrill Lynch.

UBS took on James Schwarz, Donald
Rosenthal, Rachel Schwarz and Susan Fanburg from Morgan Stanley, where the team
operated as the Short Hills Group and generated about $2.8 million in annual
fees and commissions. Together, they managed over $1 billion in client assets.

Meanwhile, Merrill Lynch hired
James Rohmann and Steven Filiaci, who had an annual production of about $2.6
million at Morgan Stanley and managed $189 million in client assets.

Nashville, TN-based Avondale
Partners appointed Waymon Tipton as a managing director, charged with expanding
the firm’s wealth management business in terms of advisor recruitment and
assets under management.

Tipton was formerly a vice
president in the Nashville
office at Stephens, the privately-held financial services firm. At Avondale, he
will also serve as a member of the operating committee.

RBC Wealth
Management confirmed the appointment of Jean-François Courville - formerly
president and chief executive of Manulife Asset Management - as executive vice
president of global wealth services and chief operating officer, with effect
from 4 February.

RBC told Family Wealth Report the hire is in line
with the merger of its two global support groups, global wealth services and
operations and technology. The former was previously led by Stuart Rutledge,
who is now based in Jersey and serves as head of global trust and UK.

Based in Toronto, Courville will
run the combined global support groups, assisting businesses with investment
advisory and fee-based solutions, credit and cash management, brand and
marketing, as well as operations and technology. He will report to George
Lewis, group head of RBC Wealth Management & Insurance.

Chicago, IL-based
Porte Brown, which provides tax and wealth management services among others,
made Genevra Knight a partner at the firm.

Knight has over
14 years of industry experience and will work as part of the accounting and
consulting services team in the Elk Grove Village,
IL, office. She will also serve as a leader of the firm’s audit, non-profit and
construction practice group.

“In addition to
her supervisory and client management responsibilities, she is also the
partner-in-charge of our paperless audit process and the firm's quality control
procedures,” said Bruce Jones, managing partner. 

Carne Group,
which specializes in advising asset managers about how they should be run,
appointed Julie O’Hara as an independent fund director at its Cayman
Islands office.

O’Hara is the
fourth Carne director now resident in the Caribbean
jurisdiction and available for fund boards. Her appointment brought the total
number of the firm’s fund directors to 20.

BNY Mellon brought
in Judy Hu as chief marketing officer. Hu replaced Peter Hayes, who left in the
spring last year.

Hu will report to
R Jeep Bryant, executive vice president for marketing and corporate affairs.
She joined BNY Mellon from General Electric Company, where she has served as
the global executive director of advertising and branding since 2002.

Bill Reilly ended
his 30-year stint as Florida’s
chief of the Bureau of Securities Regulation, moving to the compliance and
regulatory consulting practice of Virginia-based Oyster Consulting as an
associate director.

In his new role,
Reilly will support broker-dealers and investment advisors in the areas of
regulation, testimony, and on-site and off-site examinations. He will also draw
on his relationships with state and federal regulators and self-regulatory
organizations when providing guidance on regulatory processes and compliance
issues, the firm said.

During his tenure
in Florida,
Reilly developed electronic training programs and examination modules for use by
state securities examiners, while forging close ties with the SEC, FINRA and
state regulators.

Genworth
Financial Wealth Management, a subsidiary of New York-listed Genworth
Financial, hired James Hanna as chief technology officer and a member of its senior
leadership team.

Hanna brings 25
years of experience to the role and reports to Carrie Hansen, senior vice
president, chief operations officer and president, mutual funds, for Genworth
Wealth Management.

He previously
worked at Bank of the West, where he was executive vice president and chief
technology officer since 2005. Prior to that firm, Hanna held positions at
Fidelity Information Services and Alltel Information Services.

WTAS, the
US-based tax firm, announced more senior promotions within its private client
services practice, this time in Washington, DC, and San
Francisco, CA.

In Washington, W Aaron
Hawthorne was named a managing director after seven years within the private
client services practice.  

Meanwhile, Mary
McCormick, who has spent over eight years in WTAS’s investment consulting
practice, was promoted to director.  

Overall, the Washington office  made four promotions, the other two being
manager John Bartlett and senior associate Jamison Thiel.

Further south, in
San Francisco WTAS promoted Margaret Lip to its team of 19 managing directors.

Altogether, the San Francisco office made
15 promotions in January including Hazel Dolio Tag-at, Brendan Love and Megan
Williams as directors in the private client, valuation and marketing practices
respectively. Shaun Dublin was also added as director in the private client
practice.

The promotions were
part of a total of 51 WTAS promotions overall, including four managing
directors, 12 directors, six senior managers, 13 managers and 16 senior
associates.

BNY Mellon Wealth
Management took on Christopher Hohlstein as regional president for Georgia, based at the firm’s growing Atlanta office.

Hohlstein reports
to Craig Sutherland, president of the Southeast US
region. Dana Halberg, chairman for Georgia, will continue in her
client service leadership role, helping Hohlstein to grow the business
throughout the Southeast, the firm said.

Prior to joining
BNY Mellon, Hohlstein served for six years as a director at Synovus Family
Asset Management, where he managed $4 billion in assets for over 50 families.
His clients were primarily UHNW families in Georgia and the greater Southeast.

Canada’s RBC Wealth Management strengthened its Omaha, NE,
office, appointing five financial advisors and three client associates from
Morgan Stanley in a move which added $758 million in assets under management.

Jason Judge,
first vice president; Matt Rose, vice president; Ken Ferrarini, senior vice
president; Steve Ferrarini, associate vice president; and Scott Leinen, first
vice president all joined the Omaha branch as financial advisors. Meanwhile,
Laura Kolasky, Barbara Essi and Kelly Blankenship started as senior client
associates. 

The Omaha office now has 17
financial advisors and 29 members of staff overall. As a result of the
expansion, RBC said the branch will separate into two offices later this year
and then reunite in a new office, to be completed in 2014.

Bridgewater
Wealth & Financial Management brought in Bill Tinklepaugh as director of
business development, a newly-created role in which he will look for growth
opportunities and build new lines of business.

Tinklepaugh will
work alongside managing principal Ron Rubin across the entire business,
including in the areas of investment advisory, tax advisory and financial
management.

NYSE-listed Artio
Global Investors appointed investment industry expert Christopher Wright to its
board of directors. He joined the audit, compensation, nominating and corporate
governance committees.

Wright is chairman
of Emerging Markets Alternatives, a director of Merifin Capital Group, and an
advisor to Campbell Lutyens & Co and Hansa Capital LBG.

Until mid-2003 he
was head of global private equity for Dresdner Kleinwort Capital and was a
group board member of Dresdner Kleinwort Benson, overseeing alternative assets
in developed and emerging markets.

Cabot Lodge
Securities opened an office in Tampa,
FL, naming Paul Richardson as
regional president.

Earlier in his
career, Richardson co-founded and served as the
CEO for Pointe Capital (now JHS Capital Advisors) in Boca Raton, FL.
He sold his stake in 2009. He also founded Richardson Recruiting Services.

He is charged
with growing Cabot Lodge in Florida,
recruiting for the firm there, and supervising its financial advisors in the
state as its municipal securities principal. He reports to chief executive
Craig Gould, who is based in the New
York City office.

US Bank hired
four managing directors based in Cincinnati,
OH, for Ascent Private Capital
Management, its ultra high net worth business.

Christopher
Baucom will provide portfolio services to individuals and family foundations.   

Meanwhile, Justin
Stone will oversee services provided for families and foundations, while
organizing educational and entertainment activities for wealthy families.  

Larry Lesko will
work with UHNW individuals and families, serving as their chief financial
officer.  

Lastly, Scott
Mahon will focus on providing multi-generational planning, family governance
and trust and fiduciary advisory services.  

The firm said all
the appointees will also work closely with other Ascent professionals in the
areas of financial administration and reporting, trust administration,
fiduciary services, private banking, philanthropy, investments and family
education.

James Staley, who
headed up JP Morgan’s investment banking division, joined the investment firm
BlueMountain Capital Management as a partner. He also bought a stake in the
business.

Staley is a JP
Morgan veteran, having joined the firm 34 years ago, going on to serve as head
of the firm’s private bank, CEO of JP Morgan Asset Management, and later CEO of
investment banking. He also co-founded the bank’s equities business.

He will use his
extensive career to cultivate relationships for BlueMountain, as well as
develop new strategies to capture market opportunities. He joined the firm’s
management, risk and investment committees. 

He joined the
following eight managing partners: Andrew Feldstein, Alan Gerstein, Peter
Greatrex, Michael Liberman, Bryce Markus, David Rubenstein, Stephen Siderow and
Derek Smith.

Iowa-headquartered
Foster Group, an independent, fee-only financial advisory firm,  made organizational changes including a raft
of executive promotions.

Founder and chief
executive Jerry Foster assumed a new role as chairman of the board, while
president Mark Stadtlander became CEO. Foster will serve in an advisory and
accountability role, while serving as a mentor to the firm’s leaders.

In addition,
shareholders Travis Rychnovsky, Buck Olsen and Kent Kramer were appointed as
chief operating officer, chief marketing officer and chief investment officer,
respectively.

Meanwhile, Ross
Polking, COO of the Omaha, NE, office, and lead advisors Joe Bantz and
Brad Rempe were named shareholders. Katie Lauer of the firm’s client services
team is now an associate advisor.

Tim Ryan re-joined
JP Morgan Chase as global head of regulatory strategy and policy.

Ryan, who was
previously chief executive of the Securities Industry and Financial Markets
Association, will report to Matt Zames, co-chief operating officer for JPMorgan
Chase.

The London-based
chief investment officer of Citigroup’s private bank, Richard Cookson, left the
US-headquartered bank as part of cost cuts and amid a series of changes to
senior management roles.

Jamie Forese and Manuel
Medina-Mora were named co-presidents of Citi. Forese is responsible for all of
Citi’s institutional businesses, and Medina-Mora continues to oversee global
consumer banking and Citi’s franchise in Mexico. The operations and
technology functions supporting the institutional and consumer businesses now
directly report to Forese and Medina-Mora, respectively.

Jim Cowles became CEO of Citi’s
Europe, Middle East and Africa business. Brian
Leach was appointed head of franchise risk and strategy and will be responsible
for the bank’s audit, compliance, corporate policy and strategy functions in
addition to risk management. Brad Hu, formerly head of risk for the
Asia-Pacific region, became Citi’s chief risk officer and will report to Leach.

In his message to colleagues,
Corbat said that Bill Mills, in addition to serving as CEO of North America,
will now oversee community development as well as international franchise
management, in which role he will have responsibility for corporate governance
in the bank’s 101 countries.

Francisco Aristeguieta, CEO of
Latin America, and Stephen Bird, CEO of Asia-Pacific, continue in their roles.
John Gerspach continues as chief financial officer.

Gene McQuade continues to serve
as CEO of Citibank, North America, while overseeing Citi holdings and Japan.
Ed Skyler, head of public affairs, oversees the Citi Foundation in addition to
his other responsibilities, which include branding and sponsorships,
communications, and government affairs.

LPL Financial, the independent
broker-dealer unit of LPL Financial Holdings, appointed Donie Lochan as
executive vice president of its business technology services unit.

Based in San Diego, CA,
Lochan will report to Victor Fetter, who last month joined LPL as chief
investment officer and managing director of the business technology unit.

In his new role, Lochan will work
on risk management, audit compliance, business continuity and disaster recovery
planning, and information security. LPL said he will also play a key role in
shaping and implementing its roadmap for technological expansion.

Morgan Stanley Wealth Management
added three advisors from Merrill Lynch and UBS in New Jersey.

Diane Alecci and Lynn Blanchard
joined the wealth manager in Paramus,
NJ, and operate as the D&L
Group. They formerly worked at Merrill Lynch where they managed around $500
million in client assets and brought in $2.86 million in annual fees and
commissions.

Meanwhile, Ralph Marra joined
Morgan Stanley in Shrewsbury,
NJ. He previously oversaw $150
million in client assets at UBS and had $2.1 million in production. He joined
UBS in May 2008 following eight years at Merrill Lynch. He reports to branch
manager Todd Sacks.

Raymond James Financial Services added
former Wells Fargo advisors Carolyn Meakem and Traci Meakem Richmond in Bethesda, MD.

Meakem and Richmond
operate as the Meakem Group, an independent firm with an office at 4800 Hampden Lane, Suite 200,
in Bethesda.
The pair previously managed over $200 million in assets, with an annual
production of $2 million.

Meakem Group provides customized
financial planning, investment management, estate preservation strategies, risk
management, education planning and divorce planning.

Offshore legal and fiduciary
services provider Appleby made changes to its leadership team.

Frances Woo moved up to group
chairman, succeeding Peter Bubenzer who will be retiring from the group on
March 31, 2013, after a career at Appleby of more than 32 years.

The firm also appointed a new
global head of its corporate and commercial practice, Cameron Adderley, who
succeeds Judith Collis, also retiring on March 31, 2013, after 27 years.

Adderley will relinquish his
position on the group management company board, along with John Bisson, whose
retirement was announced in September last year. Sean Dowling and Timothy
Faries are the new GMC board members.

Franklin, TN-based CapWealth
Advisors, a fee-based independent investment advisory firm, promoted Phoebe
Venable to president and chief operating officer. 

Venable joined CapWealth as a
managing principal in March of 2011 from GenSpring Family Offices. She launched
GenSpring’s Nashville, TN,
office in 2009 and served as the investment advisor for client families in the Southeastern US.

Peter Marshall of
Canada-basedMatrix Asset Management resigned from the firm’s board of
directors.

Marshall has been a member of the Matrix board since the firm launched in January
of 2010.

Matrix said at the time that it
expects to appoint a new board member before or at the time of the next annual
meeting of shareholders.

Seattle-based Synergetic
Financial Management appointed financial planning and investment analyst Katie
Vercio as a wealth manager and business consultant.

Vercio will support the firm’s
market and economic research, and financial planning process. Specifically, she
will analyze equity and fixed income investments for the firm’s $100 million
client portfolio, while analyzing individual client financial positions and
making recommendations.

Nasdaq-listed T Rowe Price
appointed Dr Freeman Hrabowski as an independent director.

Dr Hrabowski, a long-time
educator and administrator, has served as president of the University of Maryland,
Baltimore County since 1992. His research and
publications focus on science and math education, with a focus on minority
participation and performance.

Brian Rogers, chairman of T Rowe
Price, said Dr Hrabowski’s leadership and dedication to greater education and
advancement of minorities in the fields of science, technology, engineering and
mathematics will play a key role in maintaining global competitiveness and
strengthening the firm’s workforce and the economy.

WTAS, the US-based tax firm,
kicked off 2013 with a string of senior promotions within its private client
services practice, spanning Greenwich, CT, Boston, MA, and New
York.

Michael Van De Loo, who spent the
past seven years in the private client services practice, was named a managing
director in Greenwich.

Meanwhile, in Boston, John Nestor, Kellie Neuhaus and
Melinda Tuffy were made directors, while Sandrine Benevides was appointed as a
director within the investment consulting services practice.

Lastly, James O'Brien was
appointed as a director in New York. 

The aforementioned promotions
were part of a total of 51 WTAS promotions overall, including four managing
directors, 12 directors, six senior managers, 13 managers and 16 senior
associates.

A R Schmeidler & Co, the New York City investment
management firm, appointed Gregory Markel as a portfolio manager and research
analyst.

Markel has 24 years of investment
experience in New York and Massachusetts, having formerly served as a
senior investment analyst at Iridian Asset Management.

Pioneer Investments hired David
Glazer as a portfolio manager on its global equities team.

Glazer’s role is a new one at the
firm that will see him based in Boston and report to Marco Pirondini, head of
equities, US.

Glazer moved to the role from
Franklin Templeton Global Advisers in New
York City, where he specialized in global small- and
mid-cap strategies. Before Franklin Templeton he worked at Boston Common Asset
Management and Harbor Capital Management.

Gentry Wealth Management hired
Marty Bender as a wealth advisor from Fidelity Investments.

Bender was at Fidelity for over
15 years and there managed around 450 client relationships worth some $750
million with the firm.

He was the latest addition to an
expanding team at Gentry, after the firm tapped Fidelity for two wealth
advisors for its Las Vegas,
NV, office last August.

Ciccarelli Advisory Services
added Steven Merkel as a financial advisor in Bonita Springs,
FL.

Merkel was previously a managing
director and portfolio manager at Piedmont Investment Advisors. There he was
responsible for new business development and portfolio management of client
assets.

R Thomas Manning took over as
chief executive of Silver
Bridge, replacing Stephen
Prostano.

Manning has been president of Silver Bridge
since 2011 and chief investment officer since 2007. At the moment it is unknown
what Prostano’s next step will be.

United Kingdom

The UK Treasury hired McKinsey & Company employee Charles Roxburgh
as director general, financial services. He replaced Jonathan Taylor, who was appointed vice-president, European
Investment Bank. Roxburgh is responsible for all financial services-related issues,
including financial stability and the financial system.

Cape Town-headquartered Sanlam Private Investments appointed Ian Porter
as head of wealth management - a newly-created role in which he is charged with
expanding the firm's UK
wealth management footprint.

Porter spent five years as head of wealth management at Alexander Forbes
Wealth, having previously been associate director and head of retirement
solutions at Heartwood Wealth Management. He has also served as a private
client advisor at HSBC Private Clients and as a senior consultant at Sedgwick
Financial Services.

Harry Wulfsohn, who was a director and head of institutional business
development at Stenham, the London-headquartered investment management group,
left the business.

Baring Asset Management, the London-headquartered investment house which
is part of MassMutual Financial Group, named Nicola Hayes as head of client
service and relationship development.

Hayes replaced Tim Lord, who left Barings at the end of November after
four years in the role.

Hayes joined Barings after 11 years at Invesco Perpetual, where she
latterly served as associate director, global sales and relationship management
– a role in which she spent the past four years overseeing the firm’s sales and
marketing efforts outside of the UK.

UK-based Smith & Williamson Investment Management appointed Mickey
Morrissey as director - head of UK IFA sales. Morrissey reports to Nick
Hodgson, director - head of marketing and sales.

AXA Investment Managers confirmed the departure of Jon Bailie, the
firm's London-based global head of distribution since January 2010.

Prior to joining AXA, Bailie held numerous positions at Russell
Investments between 1993 and 2008, concluding his stint there as head of the
alternatives investment group.

The wealth and investment management division of Barclays boosted its Liverpool office with the hire of private banker Jamie
Mornington.

Mornington was latterly an inter-dealer broker for ICAP on the commodities
floor, and joined Barclays through its “Embark” programme – an initiative
whereby the firm recruits new blood from outside the wealth management sector.

The ECU Group, a currency asset and liability management firm appointed
Oliver Hemsley and Francisco Soler as non-executive directors.

Hemsley and Soler joined alongside existing non-exec directors George
Robb (chairman), Lady Rona Delves Broughton and David Robinson.

UK-listed Charles Stanley hired Douglas McNeill as investment director,
ahead of the launch of the firm’s new direct-to-client investment service this
year.

McNeill, who previously held positions at ABN Amro and Barclays de Zoete
Wedd, transferred to Charles Stanley Direct from Charles Stanley Securities,
the company’s institutional arm, where he worked for the past three years as a
transport analyst.

Mark Boucher returned to Smith & Williamson Investment Management as
a director and head of UK
equities, as the firm strengthened its offering in this area.

Boucher, who left the firm in 2009 to join a US multi-strategy hedge fund, also
resumed his former role as co-manager of the Enterprise Fund, alongside Rupert
Fleming.

Kleinwort Benson, the London-headquartered wealth manager, hireded
Jeremy Hippolite as executive director for business development and Glenn Baker
as director, also in business development.

Hippolite, who was latterly at Standard Life Wealth, has more than 15
years’ experience in the financial management sector. Previously, he worked at
Credit Suisse as UK
sales director in its multi-asset class solutions team, and was also an
employee of Coutts & Co, where he worked as a senior investment specialist
(financial markets).

Investec Asset Management, part of UK- and South Africa-listed Investec
appointed John Lester as a sales manager within its UK client group.

Reporting to Fergus McCarthy, sales director - strategic partnerships,
Lester is part of the team responsible for driving Investec’s key UK
marketplace relationships, following the implementation of the Retail
Distribution Review, the firm said in a statement.

Lester, who has more than 15 years’ experience in the financial sector,
was latterly head of distribution at Argonaut Capital Partners.

The Private Office unit of RBS-owned wealth manager and private bank
Coutts hired Oliver Hart as a director. Based in London and reporting to
Camilla Stowell, managing director, Coutts Private Office, he looks after the
financial affairs of ultra-high net worth clients, whose assets will typically
exceed £30 million (about $50 million) net, or those who have more than £10
million available to be invested.

Hart joined from Lloyds Private Banking, where he spent four years as a
senior private banker, looking after UHNW private clients.

Jersey Finance, the organisation that promotes Jersey
as an international financial centre, named Richard Corrigan as global head of
business development. Corrigan assumes responsibility for Jersey Finance's
offices in Abu Dhabi, India
and Hong Kong. He also focuses on raising the
profile of Jersey’s financial services industry in the UK, Europe and Russia.

Corrigan joined Jersey Finance from the banking sector, where he held
senior roles, most recently as director for the wealth and investment
management division of Barclays in Jersey.

UK-based Legal & General Investments confirmed that its managing
director of investments, Simon Ellis, left the firm after three years of
service.

Simon Pistelli, who was managing director for the RDR programme at
L&G, replaced Ellis.

UK-listed Henderson Global Investors hired Paul O’Connor as director of
multi-asset.

O’Connor joined from Mercer Investment Consulting, where he had been a
partner and head of asset allocation for EMEA. Before joining Mercer in the
summer of 2011 he spent 14 years at Credit Suisse as a strategist and
proprietary trader.

Duncan Lawrie Private Bank bolstered its Bristol business with the appointment of
senior private bankers Courtney Kerkin and Sandra Killen.

Kerkin joined Duncan Lawrie from Clydesdale Bank, where he was a
business development partner, while Killen was latterly a corporate
relationship officer at Allied Irish Bank.

UBS Wealth Management appointed a regional head for the north east,
while hiring an executive director in Newcastle.

Aidan Dunstan spent the past 10 years at UBS as a senior client advisor
and took the former role, while Andrew Elliot joined in Newcastle as an executive director reporting
to Dunstan.

Elliot has 22 years of industry experience and formerly worked at the
wealth and investment management division of Barclays.

Legal & General moved Geoff
Towers, latterly managing director of platforms
and distribution, to the newly-created role of managing director of UK and international savings – a position in
which he oversees business development for the firm’s UK and
international retail savings business.

Brown Shipley, the UK-based private bank, named Peter Stiles as head of
its Manchester office – an appointment which
closely followed that of a new Birmingham
head.

Stiles, a 25-year veteran of Brown Shipley, oversees the firm’s
investment management, banking and financial planning teams in Manchester, while also continuing to run
client money.

UK law firm Thomas
Eggar expanded its private client team with the appointment of tax advisor
Andrew Watters. Watters joined as a director based in the London office, and focuses on growing the
firm’s specialist contentious tax services practice.

Previously a director at Berwin Leighton Paisner, Watters also worked as
a senior investigator in the Special Compliance Office of the Inland Revenue
with a focus on high-profile cases of suspected tax avoidance and evasion.

WH Ireland’s acting chief executive since mid-December, Richard
Killingbeck, obtained approval from the Financial Services Authority to
continue in this role officially. Killingbeck is also head of private wealth
management at the firm and took over as CEO on an interim basis from Paul
Compton, who left the firm for unknown reasons. 

Killingbeck joined WH Ireland in September last year and was appointed
as an executive board director in November. He was previously a managing
director of Credit Suisse’s UK
private banking business, a post he took up in April 2010.

Saffery Champness, the accountancy firm, named former UK tax authority senior manager Mick Downs as a
consultant, based in its London
office.

Downs works at Saffery
Champness’s Landed Estates and Rural Business Group. Last year, he retired from
HM Revenue and Customs, having worked at the organisation for almost 20 years.
He was a technical specialist responsible for inheritance tax relief on
National Heritage property (a form of state-protected property in the UK).

Carmignac Gestion, the French asset manager, bolstered its fixed income
team in Paris
with the addition of credit analyst Pierre Verlé.

Verlé works directly under Keith Ney, head of credit at Carmignac
Gestion, contributing to the running of the firm’s four fixed income funds
(Carmignac Global Bond, Carmignac Sécurité, Carmignac Capital Plus and
Carmignac Court Terme), as well as to the fixed income portfolio of its
Carmignac Patrimoine and Carmignac Emerging Patrimoine vehicles

Verlé previously served as co-manager of the distressed debt fund at Butler
Investment Managers in London
and as an analyst covering special situations principal investments at Morgan
Stanley.

Baillie Gifford, the Edinburgh-based investment partnership, appointed three
new partners with effect from 1 May 2013.

The new partners are: Spencer Adair, investment manager in the global
alpha team; Kathrin Hamilton, director in the clients department responsible
for North American clients; and Graham Laybourn, director of legal and
regulatory risk. The firm will have a total of 39 partners from 1 May.

Intrinsic, the Swindon-headquartered national advisory firm hired Simon
Brunt as chief financial officer, IFAonline reported.

Brunt joined Intrinsic in the summer of last year, having previously
been finance director at Openwork. He succeeds David Capel after a six-month
handover period, the publication said; Capel had served as CFO since Intrinsic
was launched eight years ago by 2005 by Lord Leitch, now its chairman, who was
the former global chief executive of Zurich Financial Services' life
businesses.

Duncan Gwyther, chief investment officer of
Quilter, newly-merged with Cheviot Asset Management, was named chairman of the
FTSE APCIMS (Association of Private Client Investment Managers and
Stockbrokers) Private Investor Indices Committee, taking over from the recently
retired Mike Lenhoff.

Investec Wealth & Investment appointed Mike Archer as an investment
director. In this role, Archer is responsible for developing IW&I’s
presence in Dorset and the surrounding area.
Archer, who has 32 years’ banking and wealth management experience, joined from
Coutts, where he was client partner for the firm’s Dorset
office.

Fidelity Worldwide Investment appointed Russell Lancaster as sales
director in its UK
retail team. Lancaster, reports to Ben
Waterhouse, head of UK
retail sales. Lancaster
is responsible for development and delivery of Fidelity’s advisor strategy and
will manage the existing regional sales team. He joined from RSA Group, where
he was distribution director responsible for the company’s UK sales
strategy.

Arbuthnot Latham & Co, the UK-based private bank, appointed Dan
Saxby as director, private banking, recruiting him from Coutts, where he had
been an executive director and wealth manager.

Quilter Cheviot, the newly-combined asset management firm, added Peter
Butcher and Nigel Olliff from Quartet Capital Partners to its London-based
investment management team. Butcher has 16 years of investment management
experience, having worked for nine years at Killik & Co as a private client
and branch manager before joining Quartet in 2009 as an investment manager and
partner. Olliff has 12 years of experience, having started his investment
management career with Adams & Remer.

Sheila Nicoll, director of conduct policy at the UK Financial Services
Authority, decided to leave the organisation. It transitions to the Financial
Conduct Authority in April. Nicoll joined the FSA from the Investment
Management Association in October 2007 and became director of conduct policy in
2009.

Vestra Wealth appointed Heinz Schmid as fixed income strategist in its
investment team. Schmid joined from Investec Wealth and Investment. He has
previously worked at BNP Paribas, where he was head of UK fixed income and at HSBC
Investment Management, where he managed the sterling fixed income team.

Invesco Perpetual appointed David Bower as its UK-based head of
marketing for EMEA. In the newly-created role, Bower reports to Ian Trevers,
head of distribution, with responsibility for the development and management of
all marketing capabilities across the EMEA region. Bower, who will be based in
the firm’s Henley office, joined from
BlackRock where he held a number of senior distribution roles, most recently as
head of EMEA marketing.

David Barron left his London-based post as head of investment trusts at
JP Morgan Asset Management after 18 years at the firm. Barron joined JP Morgan
Asset Management in 1995 and became head of investment trusts in 2003, having
previously served as director of the product development group.

Baker & McKenzie appointed Paul Rawlinson as managing partner of the
London office
for a three-year term, starting from the beginning of July this year. He had
been an intellectual property partner at the firm since 1995, having joined as
a trainee back in 1986. Rawlinson has been a member of the London office management committee since
January 2011 as well as during the years from 2001 to 2004.

Altius Associates, the private equity advisory and fund of funds firm,
appointed Joachim Suter as a partner in its EMEA investor relations team. Suter
is based in the London
office, reporting to Dr Eric Warner, head of the global investor relations
team. Suter joined from Macquarie Infrastructure and Real Assets, where he was
senior vice president, private placement, overseeing unlisted investment
products across Switzerland,
Italy and Luxembourg.

Scoban, the new UK
private bank, brought in Graeme Hartop as managing director - a role he
previously held for nine years at Scottish Widows Bank, part of the Lloyds
Banking Group.

Stenham Asset Management appointed a senior research analyst, Akshay
Krishan, focused on global macro strategies, while also adding to its
operational due diligence team. Krishnan has seven years of investment
experience and a background in derivatives and risk management. Prior to
joining Stenham, he was a senior analyst at SAIL Advisors in Hong
Kong, where he led research in relative value and global macro
strategies. Rishi Patel joined as a senior operational due diligence analyst to
help review existing and potential future investments. Patel also has seven
years of investment experience and previously worked as head of operational due
diligence at Momentum Global Investment Management.

Lord North Street, the private
investment office, appointed Sonia de Luca and Eirian Jones as directors while
it also brought on board Edward Tollemache as a client portfolio manager. Previously
a 13-year veteran of JP Morgan Private Bank in Geneva
and Zurich, de
Luca is now a director of Lord North Street Switzerland. Jones is head of Lord North Street’s
investment team in London
and has been with the firm since 2005. Tollemache recuited from the
multi-family office Fleming Family & Partners, where managed private client
portfolios since 2002. He now reports to Drew McNeil, director in charge of
client portfolio management at Lord
North Street.

Switzerland

Alfred Moeckli was due to be the next chief executive of
Vaduz-based VP Bank Group. He was due to start on 1 May 2013. Moeckli spent the
past fifteen years as CEO of various banks and financial services companies,
most recently bank zweiplus ag.

Geneva-headquartered Reyl Bank appointed two new partners:
Christian Fringhian and Lorenzo Rocco di Torrepadula. Fringhian had been
responsible for business development at Reyl. His earlier career included roles
at Barclays Capital, at Deutsche Bank - in Paris
and London -
and at JP Morgan. di Torrepadula, who joined Reyl in Geneva
in 2002, was deputy head of wealth management for Switzerland. He previously worked
for San Paolo IMI in New York and Credit
Suisse First Boston in London.

Former senior BNP Paribas wealth management executive Eric
Morin was appointed as managing director and chief executive for Bank Sarasin
in its Singapore branch, and
Southeast Asia. Morin, who is based in Singapore, reports to Enid Yip, chief executive
for Asia. At BNP Paribas, where Morin had
worked since 1987, he was most recently deputy CEO for Southeast
Asia, market manager for international wealth management and other
Asian markets, and a member of the Asian wealth Management executive committee.

Switzerland’s
GAM Holding announced it will change its operating model from its current “pure
financial holding company” and combine management roles to operate as a more
streamlined business, creating the new role of group chief executive. At GAM’s
ordinary annual meeting and the end of his term on 17 April, Johannes de Gier,
current chairman and CEO of GAM Holding, was due to stand for re-election to
the board of directors to solely retain his role as chairman. David Solo, CEO
of GAM Holding’s two operating businesses, assumed assume the newly-created
role of group CEO. Board of director members de Gier, Dieter Enkelmann and Hugh
Scott-Barrett, whose terms of office were to expire in April, agreed to stand
for re-election. The board was also due to nominate Tanja Weiher for election
as a new independent member.

Swiss & Global Asset Management set up a dedicated team
to take care of independent asset managers and family offices in Switzerland.
The firm has appointed Remo Badertscher and Markus Lienert to its Zurich-based
sales unit to focus on this section of its client base. Badertscher joined from
MAN Investments where he was senior relationship manager. Lienert also joined
from MAN, where he looked after independent asset managers and banks in Liechtenstein and Switzerland.

Europe

Exchange-traded product provider Source promoted five staff.
Ludovic Djebali and Stefan Garcia were promoted to managing director and
co-head of sales, while Pierre Olivier Cohen became an executive director for
Frabelux (France, Belgium
and Luxembourg)
sales. Fabrizio Palmucci stepped up to director, fixed income specialist and
Jasmin Stoschek became an associate for marketing.

Royal Bank of Canada appointed David McLaughlin
as a Dublin-based business development director within its private client wealth
management team.

Reporting to Philip Harris, head of UK private clients, McLaughlin works with RBC
Wealth Management's client-facing professionals in London
and offshore to develop and manage relationships with intermediaries and
advisors in Ireland.
McLaughlin was latterly an investor relations consultant at Elan, a
biotechnology firm.

Carmignac Gestion appointed Keith Ney as co-manager of its
European bond fund, Carmignac Sécurité. Ney works alongside Carlos Galvis
within the fixed-income team headed by Rose Ouahba. He also continues his
current responsibilities as head of credit, overseeing the firm’s global credit
exposure and credit analyst team.

Ney has has been with Carmignac Gestion for eight years.
After starting as global analyst, he co-managed Carmignac Market Neutral before
becoming head of credit.

Stonehage Group added Rupert Hague-Holmes as a Jersey-based
director within its private client and trust arm. Hague-Holmes joined from
Kleinwort Benson, where he was head of legal services and group legal director
working with the firm’s trust/fiduciary business. He spent the previous eight
years as a managing director at Close Brothers, responsible for legal, risk,
human resources and group secretarial matters across Guernsey, Jersey, the Isle
of Man and South Africa.

Amundi, the French asset management house backed by Credit
Agricole and Societe Generale, appointed Christian Pellis as global head of
external distribution. Pellis joined the firm at the start of this year, having
previously worked as head of distribution at LGT Capital Management.

Meriten Investment Management, BNY Mellon’s German-based
investment manager, named Holger Fahrinkrug as chief economist, following the
departure of Dr Holger Sandte. Fahrinkrug reports to chief executive Werner
Taiber. He joined Meriten from Portigon/WestLB, where he was chief economist
and head of research.

Deutsche Bank made two senior appointments to roles
representing the bank to the world of media and European policymaking. Dr
Hans-Dieter Holtzmann took over as head of Deutsche Bank's EU representation in
Brussels.
Meanwhile, Ansgar Tietmeyer took up the role head of Deutsche Bank’s public
affairs department in Berlin.

Generali, parent of the Swiss private banking group BSI,
appointed Carsten Schildknecht as chief operating officer, taking up the role
on 1 April. Schildknecht most recently had been COO of asset and wealth
management and chairman of the supervisory board of Sal Oppenheim, the German
wealth management business that had been acquired by Deutsche Bank. For eight
years, he was also global COO of the wealth management arm of Deutsche Bank.
Nikhil Srinivasan was also named the new group chief investment officer.
Srinivasan previously worked in Allianz Group from 2003, holding several investment
functions. He has been group CIO of Allianz Investment Management and a member
of Allianz’s international executive committee.

Credit Suisse made 11 promotions in the Channel
Islands. Rachael Bearder (business support), Steve Eldred
(relationship management) and Andy Phillips (relationship management), were
promoted to the position of director, while Michael Amstad (front-office
support) and Wayne Walden (CS trust) were made vice-presidents.

Meanwhile, the six people promoted to assistant vice-president
were: Matthew Bailey (relationship management), James Bolton (CS trust), Wendy
Cook (IT), Tanya Gibson (order fulfilment), Paul Le Gallez (external asset
managers) and James Olliver (relationship management).

RiverRock European Capital Partners added Dr Thomas Mirow -
latterly president of the European Bank for Reconstruction and Development - to
its senior advisory board. Between 2008 and 2012, Mirow served as the fifth
president of the EBRD in London.

International

UBS named Andre Cronje, former wealth management chief
executive for the UK and Jersey, as chief operating officer of its investment
bank. Cronje replaced Sam Molinaro, who was appointed as COO last March,
although Michelle Bereaux took over on an interim basis at the start of
November 2012.

Pioneer Investments hired Jon Bailie as head of western
Europe and Latin America, to be based in London.
He was due to join in April from AXA Investment Managers, where he was global
head of distribution and a member of the firm's executive committee. Bailie
reports to chief executive Sandro Pierri - who had been holding Bailie's role
on an interim basis following Pierri's appointment as CEO in July 2012 - and
was to be a member of the Pioneer management committee.

Sharjah-headquartered United Arab Bank appointed Simon
Taylor as head of its Sadara Wealth Management subsidiary. Taylor started his wealth management career
at Prudential Assurance and spent 19 years in a range of wealth management,
retail banking, mortgage and credit risk positions with Lloyds Banking Group. He
moved to the United Arab Emirates
in 2004 from his former base in central Scotland to join Lloyds’
international wealth team in the offshore banking division.

EFG International appointed former senior Merrill Lynch
manager Carlos Valle to be chief executive for the Caribbean, replacing Ludovic
Chechin-Laurans, who moved to Switzerland
last year to take charge of private banking in Geneva while also becoming deputy CEO of EFG
Bank.

Offshore legal and fiduciary services provider Appleby
changed its leadership team.

Frances Woo moved up to group chairman, succeeding Peter
Bubenzer who was to retire on 31 March 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 succeeded Judith Collis, also
retiring on 31 March 2013, after 27 years.

Asia-Pacific

Greencape Capital, the Australian
boutique equity specialist, bolstered its investment team with the appointment
of Jonathan Koh. Koh joined the firm from BlackRock, where he served as vice
president and equity analyst for the fundamental Asian equity division. 

AMP Financial Services, the
Australian investment firm, appointed a new director for its wealth advisory
business. Paul Robertson took on the role of managing director at Genesys
Wealth Advisors, a licensee of AMP's Financial Advise Network. He
replaced John Saint, who has left the firm.

Macquarie Group, the Australian
financial services firm, named a new head for its wealth management business in
Perth. Justin
Mannolini is now the executive director of Macquarie Capital, the wealth
management and real estate services division of Macquarie Group. 

Australia and New
Zealand Bank named a new head for the advisory arm of its wealth management
business.  Darren Whereat took
on the role of chief executive of RI Advice Group, a division of ANZ's wealth
protection arm OnePath.

Credit Suisse named a new chief
executive for Australia,
coming shortly after announcing another top-level appointment in the
Asia-Pacific region. Effective as of this month, Rob Stewart assumed
the top role in the country in addition to his existing responsibilities as
co-head of the investment banking department.

Acadian Asset Management Australia,
the joint venture between Boston-based Acadian Asset Management and Colonial
First State Investments, appointed a financial services veteran to the
newly-created role of investment head. David Walsh brings over 24 years of
industry experience to the role, 15 of which involved senior Australian equity
quantitative capacities. 

Fidelity Worldwide Investment, the
US-based asset management firm, strengthened its operational capacity in Australia –
Eric Wang joined
the firm as chief operating officer after serving as managing director at
wealth management consultancy Sunstone Partners. 

Perpetual Private, the wealth
advisory business of Perpetual Limited, bolstered its philanthropy division
with a new manager. Caitriona Fay took up the role of
philanthropic services manager after serving as senior program manager at The
Ian Potter Foundation. 

Natixis Global Asset Management, the
France and US-headquartered asset manager, strengthened its Singapore office with a senior
appointment. Madeline Ho joined the firm as head
of wholesale distribution for Asia-Pacific and managing director of NGAM
Singapore.

Eastspring Investments, the Asian
asset management business of UK-based Prudential Financial, appointed a new
chief executive for Japan.
Koji Wada officially
assumes his role on 25 January, following the resignation of Felix
Pang.

Old Mutual Asset Management, the
US-based asset management arm of UK's Old Mutual, strengthened its
Asian business efforts with the appointment of a new head of the institutional
advisory unit. Based in Hong Kong, Miranda Poon represents the company's
affiliates in Asia ex-Japan, responsible for
marketing its products and services, as well as its affiliates' through a joint
effort with OMAM's sister company Skandia Global Funds (Asia-Pacific). 

Credit
Agricole, , which uses the name Crédit Agricole Private Banking in Asia, unveiled a series of leadership changes in the
region. Roland Feser, chief executive of Crédit Agricole Suisse, Singapore
branch, will retire in March after a 38-year career with the Crédit Agricole
group. His
successor is Sen Sui, currently the Hong Kong-based head of markets and
investment solutions in Asia. Sui will start
to transition to Singapore this month.Sui's role will be taken over by current
head of foreign exchange and precious metals advisory for Asia, Victor Choi.

BNY Mellon, the
global investment management and investment services firm, named Eric Fu as a
managing director within the firm’s intermediary distribution team. The move is
part of efforts to widen and deepen the US bank's Asia-Pacific
footprint. 

ABN AMRO Private Banking strengthened
its service offering for high net worth individuals in Asia and the Middle
East, recruiting 11 new specialist staff members in Singapore
and Hong Kong. The hires include a
seven-strong team from ANZ Bank in Singapore, which is focusing on
servicing ABN AMRO Private Banking’s international clients segment.

JP Morgan Asset Management named a
new marketing head for Asia-Pacific. Heidi Sutton assumed
the based in Hong Kong.

Lazard, the US-based financial
advisory and asset management firm, named a new senior advisor for the
Asia-Pacific region. Jesse Bhattal was previously president and chief executive
of Nomura's global wholesale division, and chairman and CEO of Lehman Brothers
Asia. 

Asia Pacific
chairman of BlackRock, the investment, risk management and advisory services
firm, was appointed by the chief executive of Hong Kong
to become a non-official member of the newly launched Financial Services
Development Council.

BlackRock, the US-based investment
management firm, appointed a new chairman for its China business. Hsueh Wang stepped
in from Goldman Sachs, where she was an advisory director and chairman of
Goldman Sachs Asset Management.

Credit Suisse appointed Neil Harvey
as chief executive for Hong Kong and co-CEO for Greater China, a newly created
role. Harvey
shares responsibilities as co-CEO, Greater China with Liping Zhang, who
maintains his position as vice chairman, global investment banking department.

Pictet &
Cie, the Swiss private bank, strengthened its Greater China fund team with two
senior appointments. Pauline Dan is now head of the Greater China fund unit,
while David Chen assumes the role of senior investment manager.

Japan financial services giant Mizuho Financial
announced a new management structure that includes the transfer of
control of an entire division. Mizuho Securities became a directly-held
unit of the firm, as part of an effort to bring all the company's
businesses under one umbrella. The bank did not specify any change in
positions.