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North America Executive Moves – December 2010

Wendy Connett

5 January 2011

US Bank hired industry veteran Heidi Steiger as Atlantic region president in its Private Client Reserve unit, a newly created role, as the bank looks to aggressively build its wealth management business nationwide.

A 30-year industry veteran, Steiger spent 20 years at Neuberger Berman, where she ran its private client business. Most recently, she was an advisory director at Berkshire Capital Securities and ran her own consultancy, Topridge Associates. Previously, she was president of Lowenhaupt Global Advisors.

Atlantic Trust hired Jeffrey Jacobs as a managing director and director of business development in Chicago. In Boston Sid Nargundkar joined as a vice president and equity analyst for the firm’s disciplined equity team and Chris Flynn, as an associate vice president and associate relationship manager.

Jacobs joined from Bessemer Trust where he was a principal responsible for cultivating new relationships with wealthy families and their foundations in the Midwest.

Nargundkar has more than seven years of industry experience analyzing high-tech companies and trends for firms such as Wells Fargo Securities, Oracle and HP and Flynn was a portfolio manager with State Street Global Advisors.

US Bank added three new personal trust relationship managers to its Private Client Reserve group - David Joyslin, Linda Rees-Christianson and William Sanden

Joyslin was previously a trust administrative officer for US Trust, while Rees-Christianson joined from Burr Oak Group. Sanden stepped in from Wells Fargo Bank, where he served as trust officer. All three are located at US Bank's Nicolet Mall branch.

RBC Wealth Management hired Karen Ashworth as director of its Seattle complex.  Ashworth was most recently a non-producing branch manager in California at Morgan Stanley Smith Barney.

Morgan Stanley Smith Barney recruited a four-person team of financial advisors managing over $1 billion of client assets from UBS.

Daniel Livingstone, Kevin Bednar, Lee Osman and Stephanie Hoffman have joined MSSB’s Madison Avenue, New York City offices

Barclays Wealth hired seven advisors with a combined $2.24 billion in client assets.

James Egan joined from AllianceBernstein's Bernstein Global Wealth Management in Boston. The Boston office also added two Wilmington Trust advisors: Michael Reiser, chief investment officer for the Northeast, and Ria Hart.

In New York, Barclays Wealth hired George Kolodka, also from Bernstein. Jamie Weeks and Hunter Hamm joined the firm in Atlanta. Weeks at UBS Global Asset Management and Hamm recently worked at UBS as a financial advisor.

In Chicago, the firm hired Michael Schwartz, who for the past two years led a team at JP Morgan Private Wealth Management.

Barclays also announced that it hired John Cregan as its regional manager in Palm Beach, Florida. Cregan joined Barclays Wealth from Hotchkiss Associates.

Michael Brown has joined start up Dynasty Financial Partners as partner and director of wealth management from US Trust. Brown brought with him members of his wealth management team, including Charles Britton who joins as partner. At US Trust, the private banking subsidiary of the Bank of America, Brown was a managing director and team leader focusing on banking, credit, investment management and trust and estate planning for ultra-high net worth clients.

City National Bank hired New York banking veteran Mimi Kidd as a vice president in its private client services division. Kidd was most recently a senior vice president and managing director for Herald National Bank in New York.

City also appointed Leigh Shipp Muniz as vice president and chief fiduciary officer for its personal trust services unit. Muniz most recently served as an attorney at Davis & Whalen.

UBS Wealth Management Americas signed on Dave Schrohe as Chief Operating Officer of wealth management solutions, a new post.

Prior to UBS Schrohe spent 16 years at Morgan Stanley Smith Barney and its predecessor firms and was most recently head of Morgan Stanley Smith Barney’s Corporate Client Group and a member of the firm’s management committee. 

Cypress Trust Company appointed Palm Beach County attorney Erik Edward Joh as president and chief executive. He joined Cypress Trust after serving as founding and managing partner of the Boynton Beach office of New York law firm Hinman Howard & Kattell for the past 30 years.

Bessemer Trust named Diana Gibson senior client account manager and senior vice president of its Denver office. Prior to joining Bessemer, Gibson was a portfolio manager at Raynemark Investments in Boulder.

Julie Prince joined JP Morgan’s Private Wealth Management Group as a senior private banker in its New York office. Prince returns to JP Morgan from Krusen Capital Management, where she served as director of marketing.

UBS Wealth Management Americas hired a duo of financial advisors from Morgan Stanley Smith Barney in Houston. Blake Pratz and Jo Simmons report to Todd Lavergne, complex director.

US Trust signed on five wealth management executives. Chad Reddy most recently of City National was hired as Northern California regional trust executive in San Francisco and portfolio manager Barbara Bagley in Century City, California, joined from Beverly Hills boutique Lewis Capital Management.

Cornelius Mercea joined as a portfolio manager in Tucson, Arizona from JPMorgan Private Wealth Management.

In New York City Judy Slotkin joined as a private wealth management executive. She was most recently chief risk officer for Everspan Financial Guaranty.

Charles "Hill" Ewald came on board as a private client consultant in Charlottesville, Virginia. He was most recently chairman of VNBTrust following two decades as a private client manager in Bank of America's private bank.

NB|AZ Wealth Management signed on Edward Plotkin as vice president and Wealth Manager. Plotkin worked as a senior private banking officer at Phoenix's MidFirst Bank.

Wilmington Trust has hired three senior wealth advisors for the company’s Wealth Advisory Services business in the Northeast region from Boston Private Bank & Trust Company. Christopher Casey, Michael Hoyt, and Jay Beckett Wailes all work in Wilmington’s Boston.

Wilmington also promoted Edward Jones to investment advisory team leader in its Villanova, Pennsylvania office. Prior to joining Wilmington in 2004 he was a portfolio manager in Wayne, Pennsylvania at US Trust.

In addition Wilmington has hired Marguerite Weese as a senior financial planner for its Philadelphia office. Weese joined from PricewaterhouseCoopers where she was an associate in the personal financial services department.