Strong hiring moves by Standard Chartered and continued changes in the wake of the financial turmoil made for a busy month of reporting on moves in June.

North America

Eaton Vance Investment Counsel, a division of Eaton Vance Management, has appointed Antoinette Russell to the post of vice president, Family Office Services. She previously was senior client advisor and director of SCS Financial.

GenSpring Family Offices, a US wealth manager for ultra-high net worth families, has appointed Bruce Paulson as a director with responsibility for leading the firm’s Midwest expansion from Minneapolis. Mr Paulson joins GenSpring from US Trust Corporation, having previously spent 10 years at Arthur Andersen and several years at US Bank.

RBC Wealth Management, part of Royal Bank of Canada, has appointed Howard Barkley as vice president-branch director of its Salinas, California office. Mr Barkley was most recently vice president-financial planning at what is now Morgan Stanley Smith Barney – the retail brokerage joint venture between Morgan Stanley and Citigroup which was completed earlier this month.

New York’s Signature Bank has appointed Barbara von Borstel, a private banker specialising in the theatre and entertainment sectors, as group director and senior vice president. Harris Private Bank, a Chicago-headquartered firm, has increased its Seattle team to 17 by poaching three wealth management specialists from local asset manager EverTrust. Keven McCandlish has been appointed as wealth advisor, while Larry Kinner and Jeff Parker have been recruited as senior portfolio managers.

Toronto-based EdgePoint Wealth Management has added three relationship managers to its team. The three are Greg Lagasse, who joined in May 2009 from Manulife, having previously been at Invesco Trimark; Pho Lai, who joined in May 2009 from Invesco Trimark and Nicholas Telemaque, who joined in June 2009, also from Invesco Trimark.

Morgan Stanley Smith Barney has confirmed that it recently recruited nine advisors from UBS Wealth Management US, along with a further two from Merrill Lynch.

The first UBS team - known as the Arata Investment Group - has joined Morgan Stanley Smith Barney in Bangor, Maine. The team, which managed $371 million in client assets, is comprised of William Arata, Daniel Rozario, Aram Khavari and Robin Coombs. Mr Arata is a UBS veteran of 30 years, while Mr Coombs had spent 20 years at the Swiss bank.

In Texas, Morgan Stanley Smith Barney hired UBS advisor Ricardo Nazario, who had $226 million in assets under management, for its Houston office. Meanwhile Jane Rojas was recruited from UBS to join Morgan Stanley Smith Barney’s office in Tuscon, Arizona. Ms Rojas’ prior assets stood at $227 million.

UBS also saw the departure of Brian Albach, Stephen Dauer and Gregory Wells, who joined Morgan Stanley Smith Barney's office in Cincinnati, Ohio. While at UBS the team had had over $2.9 million in production.

Finally, William Claridge and Patrick Lewis joined Morgan Stanley Smith Barney’s Billings, Montana office from Merrill Lynch. While at Merrill, which is now part of Bank of America, the team managed $215 million in assets and had over $1.4 million in production.

LCG Associates, an Atlanta-headquartered institutional investment consulting firm, has recruited James McElroy as a consultant from Atlantic Trust Private Wealth Management. In his new role Mr McElroy is based in Atlanta and his responsibilities include investment strategy development and investment advice, manager due diligence and special research projects.

Canada’s Dundee Corporation, the financial services group which has a subsidiary wealth management business, has appointed Lucie Prescot as its new chief financial officer. Ms Prescot succeeds Joanne Ferstman, who is continuing in a new role within the Dundee organisation, the firm said in a statement. Having been with Dundee since 1986, Ms Prescot was most recently vice president and controller.

Texas-based firm Virtus Wealth Management has appointed Amy Arey as business development manager and residential real estate consultant. Ms Arey joins Virtus from the 3B Real Estate Group, a company which focuses primarily on new multi-family construction properties in and around Dallas, and has been a realtor in Texas for the past eight years.

RBC Wealth Management has recruited a team of advisors with over $250 million dollars in assets under management from Morgan Stanley Smith Barney for its Lemoyne, Pennsylvania office. The team, known as the Turnbridge group, is comprised of Tim Engle, senior vice president-financial consultant; Brian Fields and Mark Snyder, both vice president-financial consultants; Chuck Koch, senior financial associate, and Joy Bochniak, senior financial associate.

Kristine Garrett has been appointed the new managing director and head of private banking at the Chicago-headquartered PrivateBancorp. Ms Garrett was previously at JP Morgan Chase as national banking practice leader responsible for private wealth sales.

Merrill Lynch Global Wealth Management, part of Bank of America, has recently recruited two teams of financial advisors from UBS for its offices in Houston, Texas and Atlantic City, New Jersey. William Rovere and Stuart Winn, who had both worked for UBS Wealth Management for over eight years, joined Merrill Lynch in Houston. Combined, they managed $336 million in client assets and had $2.7 million in annual production.  The second team, which joined Merrill Lynch’s Atlantic City branch, is comprised of Ralph Autuore and Paul Oakley. The pair, who were both with UBS for nine years, had $162 million in assets under management and generated $1.6 million in production at the Swiss bank.

Deutsche Bank Private Wealth Management has made four appointments at its US private wealth management group, recruiting Citi private bankers Joanne Jensen, Pat Janco, Becky Creavin and Jennifer Shaw. They will be based at the firm’s Park Avenue office in New York, reporting to Chip Packard, head, US Private Bank - Eastern Region, according to a statement.

Ms Jensen is a managing director at Citi Private Bank and has previously held senior positions in Citigroup's Global Markets and Wealth Management businesses. Ms Janco is a senior private banker with more than 20 years of wealth management experience, also at Citi. Ms Creavin has worked at Citi for the past 10 years, having previously been at Bankers Trust.Ms Shaw, meanwhile, is a senior private banker at Citi, where she has worked for the past 10 years.

Deutsche Bank Private Wealth Management has made four appointments at its US private wealth management group, recruiting Citi private bankers Joanne Jensen, Pat Janco, Becky Creavin and Jennifer Shaw.

Ms Jensen is a managing director at Citi Private Bank and has previously held senior positions in Citigroup's Global Markets and Wealth Management businesses. Ms Janco is a senior private banker with more than 20 years of wealth management experience, also at Citi. Ms Creavin has worked at Citi for the past 10 years, having previously been at Bankers Trust. Ms Shaw, meanwhile, is a senior private banker at Citi, where she has worked for the past 10 years.

A highly respected commentator and consultant on wealth management, Robert Ellis, has joined Novarica, a research and advisory services division of US-based Novantas, joining from consultants Celent.

Mr Ellis is joining the company as principal in charge of the new wealth management research and advisory practice at Novarica. He was most recently the senior vice president in charge of the wealth management practice at Celent, part of Oliver Wyman. He will report to Novarica director Matthew Josefowicz and will be based in the company’s New York office.

Dutch financial services group ING has appointed Jonathan Golub as chief market strategist for its investment manager in the Americas. Mr Golub, the former Bear Stearns investment strategy chief, is also joining the asset allocation team. Mr Golub's strategy role is newly created. In his former role he helped set asset allocation policy at Bear Stearns; prior to his tenure there he was US equity strategist and co-head of equity portfolio management at JP Morgan Asset Management.

Peter Charrington, currently head of Citi Private Bank’s business in the UK, Israel and Monaco, is to be made chief executive of its North American business, responsible for the US and Canada.

US-based alternative investment manager Aladdin Capital has named Stephen Mandella as its new chief operating officer/chief financial officer. The career of Mr Mandella, who was most recently a senior managing director at New York Life Investment Management, includes a 25-year stint at Merrill Lynch, latterly as chief financial officer of Merrill Lynch Investment Managers for the Americas.

New York’s Signature Bank continues to add to its wealth management team of managers, hiring a private client banking team at its Great Neck, Long Island office. Leading the Great Neck team are John Spagnuolo and John Paglia, who join from Citibank and have been named group directors and senior vice presidents. In addition, Jeffrey Greenberg joins the team as senior client associate

Mr Spagnuolo spent the past nine years at Citibank, where he served as financial centre manager and vice president at the Manhasset, New York office. Later, he was given additional responsibility for the same role at the Plandome center, also in New York. Mr Paglia spent seven years at Citibank. Previously, he was financial centre manager and vice president for several other financial centres in the New York area.

Banc of America Securities-Merrill Lynch Research today announced a number of new top-level economics appointments, including Ethan Harris, who takes up the post of head of North America economics, replacing David Rosenberg. David Bianco, a former employee at UBS and Deutsche Bank, has been made head of US equity strategy, a new position. Both men will be based in New York, according to a statement from the US-based firm.

Mr Harris will join from Barclays, formerly Lehman Brothers, where he was the chief US economist since 2003. Mr Harris will be responsible for formulating and communicating the North America economic outlook and the Fed interest rate call, and will work in partnership with the rates strategy research team. He starts in September.

Meanwhile, Banc of America Securities-Merrill Lynch Research also announced strategic leadership changes in the structure of the global macro group. These include the appointment of Michael Hartnett as chairman of the research investment committee, which is responsible for identifying the best investment ideas across the global research platform and will author the RIC Report. In this role Mr Hartnett will be supported by Joe Zidle, global wealth management strategist.  Mr Hartnett was also named chief global equity strategist.

Ballamor Capital Management has hired Todd Kellerman as executive vice president and chief financial officer and Todd Howard as senior vice president of investments, both working out of the Radnor, Pennsylvania office.

Mr Kellerman will lead Ballamor's accounting operations, oversee client tax reporting, support due diligence and monitor tax related issues regarding private investments. Prior to joining Ballamor, Mr. Kellerman had similar roles at Direxion Funds, a Massachusetts-based investment firm offering leveraged index and alternative strategies.

UBS has persuaded a US municipal bond team that manages billions of dollars of assets to remain in its employment rather than join another firm. The four-member team is led by Elbridge Gerry, the spokesperson was quoted as saying. Another team member, Kevin McIntyre, a senior portfolio manager, also decided to remain with UBS.

Janney Montgomery Scott, a US regional financial services firm, has hired David Penn as executive vice president and director of wealth management services. He joins from Legg Mason where he most recently served as managing director and head of affiliate relations.

UK

Carey Olsen is strengthening its corporate, finance and fiduciary teams in Jersey by admitting three partners to these practice areas. Siobhan Riley joined Carey Olsen in 1996. She advises on all aspects of private and commercial trust structures and acts for many of the principal trust companies based in the Channel Islands. As part of her work for regulated businesses, she also advises on employment and outsourcing arrangements.

Marcus Pallot becomes a partner in Carey Olsen's CI banking team. He has a specialism in the more contentious areas of banking, involving insolvency, recovery and dispute resolution. Robin Smith is a corporate lawyer who focuses on structured finance and investment products, advising both local and global organisations.

UBS Wealth Management is to close its Brighton office in the southeast of England following the departure of two investment managers.

Investec Private Bank has appointed Eric Ebermeyer as chief investment officer and head of portfolio management for its European wealth management business – a hire which the UK/South Africa-listed banking group said comes amid increased demand from private clients for its wealth management services. Mr Ebermeyer joins Investec from Iskander multi-family office, where he was chief investment officer.

Gartmore has appointed John Bennett, currently at London-hedge fund GAM, as senior manager of its European equities portfolio. Mr Bennett has spent 16 years managing continental and pan-European equities at GAM. Currently, he manages the Star Continental European Equity Fund and the Star European Equity Fund. Mr Bennett is expected to start at Gartmore in early 2010.

UK-listed Liontrust Asset Management said that Ross Hollyman will join the firm in January next year from GAM, the UK-based alternatives investment firm.

Mr Hollyman is an investment director at GAM, where he is responsible for UK and European equity long only and long/short portfolios and heads a team of four specialists. Prior to joining GAM, he was a senior portfolio manager with JP Morgan Fleming, where he managed UK and European portfolios and worked with Gary West and James Inglis-Jones. At Liontrust, Mr Hollyman will develop Global Value, Global Earnings Surprise and Global Multi-Factor equity investment processes.

JO Hambro Investment Management, which is owned by Credit Suisse, has appointed Hugh Grootenhuis as permanent chief executive with immediate effect.

Mr Grootenhuis was named as JOHIM’s interim CEO in May, following the departure of Andrew Steel. Mr Steel, who left due to personal reasons, originally joined the investment management company in 1994 and was subsequently appointed finance director in 1997, chief operating officer in 2004 and chief executive in 2007.

Deutsche Bank has appointed Colin Grassie as chief executive officer for the UK, a newly expanded role which will build on that currently held by Charles Aldington, chairman of the bank in London. Mr Grassie was formerly CEO in Asia Pacific (ex-Japan), and during his four-year tenure in the position he was credited with significantly expanding Deutsche’s private wealth management presence in China and India, along with growing the bank to include local operations in 17 markets.

UK stockbrokers Collins Stewart has appointed John Cotter its group finance director, effective as of 23 June. Mr Cotter takes over the role from David Lindsay, who resigned last November after the wealth manager said revenues in the July-October period fell 10 per cent from the same period in 2007.

Mr Lindsay has remained in the role while Collins Stewart secured a successor. Mr Cotter moves from Royal Bank of Scotland.

UK-based Heartwood Wealth Management has recruited Bernard Charles from Africa’s Standard Bank to take up the role of head of human resources.

UK accountants UHY Hacker Young have appointed Stephanie Parker as the new trust manager on their London private client team. Ms Parker was previously senior tax manager at Chavereys, which specialises in advising private clients and landed estates.

Spencer-Churchill Miller Private, the recently launched UK wealth management firm, has appointed Simeon Downes as senior investment analyst. Mr Downes joins Spencer-Churchill Miller Private from RiskMetrics Group, an independent equity search company, where he was a sales and relationship manager.

Newton Investment Management, part of Bank of New York Mellon, has added Tracey Dominick to its global research team to focus on the consumer sector. Ms Dominick joins from Fidelity, where she was an international research analyst covering consumer staples and discretionary companies. She began her career at the firm’s Boston office.

PKF Guernsey, an accountancy firm and business advisor, has named tax specialist André Trebert as a director. Mr Trebert joined PKF in 1995 as a tax manager and has over 20 years’ experience within the Guernsey tax industry, including having been an inspector within the States Income Tax Office.

Citi Private Bank has appointed David Poole to be acting head of the UK market region, taking over part of the role from Peter Charrington, who is moving to the US to run the private bank’s North American business. Mr Poole is currently business development manager for the UK region, and has been at Citi since 2006.

Jardine Lloyd Thompson Private Clients, a division of UK financial services group JLT Benefit Solutions, has boosted its Leeds team with the hire of Richard Williams as a senior consultant.

Hasley Investment Management, the UK multi-manager boutique, has appointed investment academic Professor Steve Thomas of the Cass Business School to its investment committee.

Existing members of investment committee are Hasley partners Roderick Collins, Jeremy Nunn and Stewart Teague, along with Dr James Seaton, one of Mr Thomas’ former PhD students.

New York-based GLG Partners, which completed its acquisition of Société Générale AM UK in April, has appointed Phil Pearson and Anthony Burton as joint heads of its Technology Equity Fund. Both were internal appointments at the firm’s London office.

Barclays Private Clients International, which provides offshore banking services, has appointed four additional directors to its Isle of Man board. Alex Freeman, Simon Scott and Karl Moore join the board as executive directors, while Bryan Dix has been appointed BPCI’s third non-executive director.

Mr Freeman has been named operations director, while Mr Scott and Mr Moore have been appointed risk director and finance director respectively.

The board’s existing members are Greg Ellison, Ian Hodgkinson and Paul Savery, and non-executives Peter Horsthuis and chairman Larry Keenan. Mr Ellison was appointed managing director of BPCI in March this year.

William Edwards is joining the private client team of property law specialists Pemberton Greenish, based in Knightsbridge in west London. Mr Edwards joins from City-based Penningtons and reports to Pemberton’s partners.

London-based investment house RWC Partners has appointed Mike Corcell to launch a new US long/short equity fund. Mr Corcell was most recently with SAC Investment Management, working for Steve Cohen.

Standard Bank has appointed Kevin Colglazier as head of its global private bank’s investment division, a role which carries responsibility for private client investment teams in London, Jersey and South Africa managing discretionary and advisory client accounts, as well as a range of offshore funds.

Mr Colglazier, who was most recently chief investment officer for Standard Asset Management, includes having been CIO for Chase Manhattan Private in Asia.

J O Hambro Investment Management, which is owned by Credit Suisse, has bolstered its fixed income team with the appointment of Jeff Keen as director and co-head. Mr Keen leaves a chief investment officer post at South African investment advisory TriAlpha, where he chaired the asset allocation committee and was lead manager on all bond mandates, including the firm’s international bond fund.

Architas, the UK multi-manager investment company which is part of the AXA Group, has appointed Kristof Gleich as investment analyst and Massimiliano Zorza as product manager. Mr Gleich was previously an executive director with Goldman Sachs.

Smith & Williamson Investment Management has hired a new associate sales director in London, Andrew Groves, who has been appointed increase sales via the discretionary investment intermediary market.

Mr Groves has spent the past two decades in fund management and has worked on both long-only and long/short funds. Most recently, he was investment advisory director at Fortune Asset Management, also in London, while earlier roles included a long stint at Rothschild Asset Management.

Thames River Capital, the UK-based investment firm which manages long-only and absolute return funds, said it has added to its team of investment professionals with five appointments to its credit and European equities group.

The firm has appointed Stephen Drew and Simon Ulcickas as fund managers. Mr Drew joins from Tudor Capital, where he worked from 2003-2008.  Prior to this he was head of European Credit Trading at JP Morgan Chase.  Mr Drew will be co-manager on both the Hillside Apex and High Income Funds at Thames River along with Bernt Tallaksen and Mehrdad Noorani. Mr Ulcickas was formerly at JP Morgan.

Investment boutique Brewin Dolphin has taken on a new team at its office in Teesside, in the UK’s North East. The new team includes Debbie Lister and Emma Fairlamb, whose roles are currently effective, and will be led by Stephen Richardson and John Pearson who are joining later in the autumn. 

Mr Richardson joined Stancliffes on Teesside in 1980 and remained with the firm throughout its various changes to Allied Provincial Securities, Greig Middleton, Gerrards and, ultimately, to Barclays Wealth. Mr Pearson joined Stancliffes in 1986 and has worked with Mr Richardson for over 23 years.

Barclays Wealth has recruited Mark Cooke from UBS to the post of managing director and global chief risk officer. He has been at UBS for 12 years.

Switzerland

Bank of China (Suisse) has appointed Peter Triggs as deputy general manager and head of international private banking, recruiting him from Citigroup Private Bank, where he has held a number of senior positions.

Mr Triggs has worked at Citigroup since 1991. Most recently, he was head of the Corporate Finance Group at Citigroup, where he also personally handled a family office and advised ultra-high net worth individuals and families from the Middle East.

The Swiss Bankers Association said that Patrick Odier, a senior partner with Lombard Odier, is to succeed Pierre Mirabaud as chairman. Having been chairman for six years, Mr Mirabaud formally announced his decision to resign at a meeting of the SBA board of directors.

UBS’s chief technology officer, Peter Sany, has left the Swiss banking and wealth management firm with immediate effect. He had been a member UBS's group managing board, the second tier of bank executives below the highest management level.

Capital International, the Californian-based investment firm, has made about 20 of its staff in Geneva redundant in the past few days, taking the total number of staff who work in the Swiss city to about 200.

Deutsche Bank has named Daniel Jagmetti as its new head of private wealth management in Switzerland, an appointment which is effective immediately. Mr Jagmetti was previously a member of the executive management committee of Osterwalder Zürich, having joined the firm in 2002. Prior to this he was head of private banking as a member of the executive management of the Swiss operation of UK private bank Coutts. In his new role Mr Jagmetti reports to Marco Bizzozero, chief executive of Deutsche Bank (Suisse).

Europe

The European Fund and Asset Management Association has a new president following the election of Jean-Baptiste de Franssu for a two-year term.

Mr de Franssu is currently chief executive of Invesco Europe, having joined Invesco France as managing director in 1990 and subsequently moving to his current position when Invesco Europe was founded in 1996.

Deutsche Bank's Italian subsidiary has appointed Roberto Mancone as its new head of Private and Business Banking. Mr Mancone, who is currently the head of business clients, has been at the firm since 2007, when he joined Deutsche Bank from BNL. He will replace Mario Cincotto, who has been promoted to head of retail banking (private and business clients) at Deutsche Bank Italy.

Bordier Gestion Privée, the French subsidiary of Swiss private bank Bordier & Cie, has appointed Rosa Riche as manager with responsibility for wealth engineering.

Ms Riche held a similar role with Deutsche Bank France between 2000 and 2007, and most recently has been a director responsible for tax and wealth engineering at Cyrus Conseil, which is a Paris-based consultancy in wealth management. 

Middle East and Africa

Bank Sarasin-Alpen, owned by the Basel-based Sarasin Group, has hired a private banking team headed by Sulaiman Yousif Salhi. He will be supported by Meenal Mahajan and Rasha Badawi in client relationship management roles. Sanlam Private Investments, the South African brokerage and private client portfolio manager, has bolstered its investment team with five appointments for its Cape Town and Pretoria operations.

RBS Coutts, the international private banking arm of Royal Bank of Scotland, has appointed Ned Noor as team leader for the Middle East. Mr Noor, who has experience in developing ultra high net worth relationships in the region, will join RBS Coutts in the autumn from Citigroup where he worked as a senior private banker in the Middle East team.

Royal Bank of Canada continues to expand its wealth management arm, adding Vineet Arora to its Dubai office. Mr Arora takes up the position of senior banker after over a decade in the industry. He joins from Singaporean investment firm IIFL Private Wealth Management, where he was head of Middle East & Africa.

Asia Pacific

UBS has moved Chi-Won Yoon up to be chairman and chief executive officer of Asia Pacific and a member of the Swiss giant's group executive board, with immediate effect. He succeeds Rory Tapner, who is leaving after 25 years.

Mr Yoon joined UBS in 1997 as head of equity derivatives, becoming head of Asia equities in 2004, head of Asia Pacific equities in 2008, and head of equities and head of fixed income, currency and commodities for Asia Pacific in 2009. Previously, he worked at Lehman Brothers in New York and Hong Kong and before that, for six years at Merrill Lynch in New York.

Australia’s Colonial First State Global Asset Management has appointed Joanne Davison as regional managing director for Australia and New Zealand as the firm moves towards a geographically streamlined structure.

Ms Davison’s role is newly created, as are two other regional managing directorships. Michael Stapleton was recently appointed to lead Asia, while the regional managing director for Europe, Middle East and Africa has yet to be announced.

Ms Davison was previously an investment services director at Russell Investments, where she was responsible for the management of the institutional client services team and overseeing client relationships. Ms Davison’s new role will be based around the areas of marketing, business development and sustainability.

Citi has announced the departure of Ajay Banga, the US bank’s chief executive officer of Asia Pacific, who is leaving to take up the chief operating officer role at MasterCard at the end of August.

Mr Banga assumed leadership of the Asia Pacific region in 2008, prior to which he served as chief executive of Citi's International Global Consumer Group. His previous roles at Citi also include those of president, Retail Banking North America and business head of CitiFinancial and the US Consumer Assets Division.

Standard Chartered Private Bank has continued with its aggressive expansion plans by hiring two Hong Kong-based professionals in senior positions.

Lawrence Cheung joins as chief operating officer for North Asia from BNP Paribas, the French bank, where he had held the position of COO for five years, rounding out a total of 20 years with BNP. Andrew Lau, meanwhile, has been appointed the new regional head of compliance and joins from JP Morgan, where he held the position of chief of staff and alternative chief executive. He joined JP Morgan in 2000.

The UK-listed bank, which earns the bulk of its revenues in the Asian region, has been strongly recruiting in the Asia-Pacific region. Standard Chartered in Singapore is taking on a team of relationship managers from RBS Coutts.

HSBC Private Bank has made three senior Asian appointments across its global investment business, hires which follow the announcement that Bernard Rennell would take over as the new global head of Private Wealth Solutions, the bank’s trust and estate planning service.

Oliver Pacton has been appointed head of Investment & Treasury Services in Asia and Giles Scott has been named head of Investment Advisory; in addition, the role of Jeanie Yuen has been expanded to include responsibility for all discretionary business in Asia.

Mr Pacton, who was most recently head of trading and sales in Geneva, has been with the HSBC Group since 1998, holding various positions in Riyadh, Hong Kong and Geneva. Mr Pacton has relocated to Hong Kong to assume his new role and now reports to Monica Wong, chief executive officer, HSBC Private Bank, Asia. Alain Alev, formerly head of Structured Solutions within HSBC Global Banking and Markets, replaces Mr Pacton in Geneva.

Mr Scott, now head of Investment Advisory, joined HSBC Private Bank from Merrill Lynch, where he was most recently head of Equity Distribution for the Pacific Rim region. He also reports to Ms Wong.

Finally, in her newly expanded role, Ms Yuen is now responsible for all discretionary business in Asia, including funds, managed portfolio and alternative investments. She retains global responsibility for the Strategic Investment Solutions platform, HSBC Private Bank’s discretionary multi-manager investment platform.

Australia’s Commonwealth Private Bank has appointed Adrian Hondros to the post of executive general manager, who takes up the role on a permanent basis after having held the position after Richard Nunn left the group. Mr Hondros has held roles including that of chief executive of St Andrew's Australia, which was acquired by Commonwealth Bank of Australia as part of its $2.1 billion BankWest purchase. Mr Nunn left his previous role to be MLC & NAB Wealth's executive general manager, responsible for advice and marketing.

Martin Goerg, chief operating officer, on-shore private banking Asia Pacific at Credit Suisse, has left the firm.  Mr Goerg had been with the company since 2007 and had previously spent 14 years at Deutsche Wealth Management. Mr Goerg has accepted a role in Geneva after spending 17 years in Singapore.

Credit Suisse in Singapore has poached UBS veteran senior wealth management executive Tee Fong Seng as vice chairman of its Asia Pacific private banking operations. Taking up his new job at the start of August, Mr Tee will be based in Singapore and will report to Marcel Kreis, head of private banking Asia Pacific. Mr Tee will be responsible for the bank's ultra high net worth clients and will also help develop the strategy and development of the UHNW client segment in Asia Pacific.

Previously, Mr Tee was head of wealth management for Southeast Asia and deputy branch manager at UBS Singapore. He has worked in the global banking industry for more than 30 years.

iShares, Barclays Global Investors' Exchange Traded Fund business, has made a number of additions to its Asian teams. David Gardner has joined the iShares Asia management team as managing director and head of sales, iShares Asia-Pacific. Joseph Cavatoni, meanwhile, has been appointed as managing director, iShares Asia Capital Markets.

iShares also announced the appointments of Eleanor Seet as senior director of iShares Private Wealth Distribution and Anthony Chan as iShares senior investment strategist.

HSBC Private Bank has named Bernard Rennell as the new global head of Private Wealth Solutions, its trust and estate planning service. The Private Wealth Solutions business had formerly been led by Declan Sheehan since 2006. Mr Sheehan is moving to concentrate exclusively on his regional role as chief executive of HSBC Private Bank in the UK & Channel Islands, a position he took up in March 2007, and Mr Rennell’s appointment forms part of this transition.

Pictet & Cie Asset Management has appointed Gavin Sharpe as head of its Japanese operation. Mr Sharpe replaces Yoshiharu Okazaki, who is to become non-executive chairman. Mr Sharpe is being promoted from the role of chief financial officer of Pictet Asset Management. In addition, he remains a director and executive board member of Pictet Asset Management. Prior to joining the firm in 1987, he was a financial controller at Galbraiths.

Latin America

Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney, has hired a six-strong team to advise its ultra high net worth and institutional clients in Florida and the Latin American markets.

The team, which will be based in Miami, is comprised of executive directors Candido Viyella and Luis Arriola; Maria Goudie, vice president, and Karen Mendoza, Marisol Arroyo and Nicolas Boker. The team will report to Jon Mallon, executive director and manager of the Miami Private Wealth Management office.

Mr Viyella and Mr Arriola had both formerly been with UBS for the past nine years, their most recent roles being managing director and senior vice president respectively. Prior to UBS, both had worked for Prudential Securities.

International

First Republic Bank has appointed John Riley, formerly of Royal Bank of Scotland, as its new foreign exchange managing director. Mr Riley will manage the foreign exchange needs of clients in New England and New York and is based in the Bank of America subsidiary’s Boston office. Mr Riley was a senior vice president and corporate risk manager at RBS.

Indian financial services firm Ambit Holdings said yesterday it had hired Sutapa Banerjee from Dutch bank ABN Amro to be the head its new wealth management business. Mr Banerjee had led the private banking and consumer banking business for ABN in India and managed $1.25 billion in the private banking business.

Amit Khandelwal, previously at Merrill Lynch, joins Credit Suisse as a director and will be responsible for a team of relationship managers.

HSBC has appointed Johan Sekora as head of personal financial services for Russia. Mr Sekora will be responsible for launching, rolling out and managing the bank’s Russian retail operations and will be based in Moscow. He has been at the UK-listed bank for almost 10 years.