People Moves

North America Executive Moves - February 2011

Wendy Connett Editor New York 1 March 2011

North America Executive Moves - February 2011

A round up of executive moves.

Alexander Friedman, the former chief financial officer of the Bill & Melinda Gates Foundation, was named UBS Wealth Management’s chief investment officer, a newly created role. Joining Friedman at UBS are Mona Sutphen, the former White House deputy chief of staff for policy to President Barack Obama, who will lead macro analysis, and Mark Haefele, an alternative asset manager, who will lead investment analysis.

Citigroup named Venu Krishnamurthy to head its high net worth and affluent businesses, replacing Deborah Doyle McWhinney. Krishnamurthy was the global lead finance officer at Citi’s private bank and a former chief operating officer for international operations at the private bank.

San Francisco-based Presidio Financial Partners hired Mark Palmer as head of its wealth management practice, which it plans to grow aggressively. Palmer was previously a managing director with Charles Schwab & Co., where he helped build its management consulting group.

Thomas Meilinger, managing director at multi family office Vogel Consulting, joined Harris myCFO as managing director of national sales strategy.

Morgan Stanley Smith Barney named Colbert Narcisse, a former Merrill Lynch executive, chief operating officer of investment strategy and solutions. Narcisse fills a role left vacant by James Walker, who was named head of the firm's consulting group in September. Narcisse, who left Merrill in 2009, joined from Gold Bullion International, where he was chief executive.

Morgan Stanley Smith Barney also bulked up its advisory team with six new hires and appointed former US congressman Harold Ford Jr as managing director and senior client relationship manager. Ford, a five-term congressman from Tennessee, joined from Bank of America.

Stepping into the Melville, New York office are Joseph Viviani and Robert Digregorio who joined from Merrill Lynch. Rosalie Schlaen and Izhar Shefer, who are a part of the Aventura, Florida office, also joined from Merrill.

Rounding up the six hires are David Cohen, who joined in Melbourne, Florida and Keith Cline, who joined the Fort Myers, Florida branch. Cohen used to work for Merrill Lynch, while Cline comes on board from Raymond James & Associates.

HighTower added the Simmons Wilkes Group an advisor team based in Portland, Maine. Edward Simmons, Gibson Wilkes, Blake Wilkes and Michael Simmons joined as managing directors and partners and spent more than 30 years combined at Merrill Lynch.

BNY Mellon Wealth Management hired Ronald Ambrogio as regional president and Ron Ulle as senior director of portfolio management in Ohio. Ambrogio joined from Key Bank National Association, where he was national sales manager. Ulle was most recently a senior portfolio and regional manager at Key Private Bank.

Private Client Resources hired Seth Bates as a manager of product development. Bates joins PCR from DataLan Corp., where he headed up the solutions delivery practice.

San Francisco-based Merriman Holdings appointed Dennis Mooradian to its independent advisory board. Mooradian was formerly executive vice president of Comerica Bank's Wealth and Institutional Management, chairman of World Asset Management, and chief executive officer of Munder Capital Management.

Cara Mossington joined Chicago-based Inheriting Wisdom. Mossington came on board from a Forbes 400 family office. Previously she spent 10 years at Northern Trust

Northern Trust shuffled its top management ranks. Sherry Barrat, president of Personal Financial Services, assumed a new role as vice chairman. Jana Schreuder, president of operations and technology, replaced Barrat. Stepping into Schreuder’s shoes is Joyce St. Clair, executive vice president and head of corporate risk management. Jeff Cohodes, executive vice president and head of business practices and market segments in Personal Financial Services, was named head of corporate risk management.

Northern Trust also made four hires in the Northeast. John Lee joined as a senior vice president and wealth advisor in the New York office from Brown Brothers Harriman where he was managing director in New York. Also in New York Maria Neary came on board as a senior vice president and wealth advisor. Previously, she led Geller Family Office Services.

In Connecticut Brian Donovan was recruited as a senior vice president and wealth advisor from Ernst & Young’s Personal Financial Services Group, where he was a senior manager.

Marisa Facciolo joined in Delaware as senior vice president and wealth strategist from Wilmington Trust where she served as a vice president and senior private client advisor within the Wealth Advisory Services division.

CB&T Wealth Management hired Gary Yabko as wealth manager. Yabko was most recently a financial advisor at City National Bank.

BNY Mellon Wealth Management hired Robert Glaser as vice president and senior director for the firm’s Nevada office. Before joining BNY Mellon, he was a senior vice president and manager of private banking services statewide for City National Bank of Las Vegas.

Wilmington Trust recruited F Mackey Hughes as managing director of endowments and foundations for its Wealth Advisory Services business, a new post. He joined Wilmington from Camden Partners, a Baltimore-based private equity firm in which Wilmington Trust owns a minority stake, where he was a business development partner.

Barclays Wealth recruited Daniel Esslinger, head of private banking at Banco Itaú (Suisse), as head of Latin American relationship management and distribution in the Americas.

Legacy Trust named Timothy Anderson as its new chief investment officer. Prior to this appointment, he was a vice president and investment specialist at the Bloomfield Hills, Michigan office of JP Morgan.

Marten Hoekstra, the former chief executive of UBS Wealth Management Americas, was appointed CEO of Emerging Global Advisors, a relatively new firm on the ETF scene focusing on investment in emerging markets. At EGA he takes over from Robert Holderith, who will continue as president and concentrate on investment product development.

Citi Private Bank signed on Stephen Campbell to head its Family Office Group for North America. Campbell was most recently chief investment officer for Zefram, the personal investment company of Amazon founder Jeff Bezos.

UBS Wealth Management Americas lured a team that managed $800 million in client assets at US Trust and opened its first wealth management office in the Carolinas. The team, headed by C. Harvey Rice, will be located in Charlotte, North Carolina. Joining Rice from US Trust are Haley Hill, David Halvorsen, Jennifer Burkhardt-Blevins and Mark Grow.

First Republic Bank recruited Melanie Krinsky as head of film and media finance and Mandie Rush managing director, film and media finance from Bank Leumi in Beverly Hills. The two entertainment bankers will focus on offering specialized lending, deposit and wealth management services to film and television production companies and business management firms.

 

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