People Moves
Summary Of Executive Moves In Global Wealth Management - September 2016

UK moves
JP Morgan appointed Oliver Gregson as head of the private bank’s
UK and Nordics markets. Based in London, Gregson oversees the
firm’s UK and Nordics wealth management business. He reports to
Pablo Garnica, chief executive of JP Morgan Private Bank’s
Europe, Middle East and Africa region. Gregson was previously
head of HSBC’s Private Bank Investment Group, in charge of the
investment counselling, portfolio management, sales and trading
and wealth advisory teams. Before that, he managed sales, product
and discretionary investments at Barclays Wealth. He also held
leadership positions at UBS Wealth Management and Citigroup
Private Bank.
Bruce Hemphill, chief executive of London-listed Old Mutual,
stepped down as Old Mutual Wealth’s chairman, handing over to
Glyn Jones. Jones, chairman of New York-listed Aspen Insurance
and London-listed Aldermore Group, became independent
non-executive chairman of the Old Mutual Wealth board, subject to
regulatory approval. He has also served as chairman of Hermes
Fund Managers, BT Pension Scheme Management and UK wealth manager
Towry. Hemphill continues to be a director of the Old Mutual
Wealth board.
Old Mutual Wealth Private Client Advisers hired Dominic Rose to
lead its growth strategy in London. Rose joined from Bellpenny,
where he oversaw the firm’s acquisition strategy for over four
years. Before that, he was head of acquisitions and wholesale at
Towergate Financial. In the new position of director, Rose
reports to managing director, Nigel Speirs.
Northern Trust hired Vignesh Vijayakumar and Yovan Dabee in
London to serve ultra-high net worth families and their family
offices and foundations across Europe, Middle East and Africa.
Vijayakumar joined from Royal Bank of Canada, where he was an
associate director. He will take on the newly-created role of
senior relationship manager for Northern Trust’s global family
and private investment offices group, responsible for supporting
the group’s ultra-high net worth clients across EMEA. Dabee
joined from Santander, where he was a senior private banker. He
will serve as a senior wealth strategist, responsible for
increasing awareness of Northern Trust’s wealth management
solutions across EMEA. He has also worked at Morgan Stanley,
Barclays and BNP Paribas.
Principal Global Investors appointed Tim Stumpff as its new chief
executive in Europe. He replaced Nick Lyster, who takes on the
newly-created role of global head of wealth advisory services.
Stumpff, based in London, joined Principal Financial Group in
2003 and has worked in various leadership roles, first leading
the corporate capital markets group and later as part of the
senior management of its healthcare business. He then served as
president of Morley Financial Services and most recently as
president of Liongate Capital Management. Lyster, who has been at
the helm of Principal in Europe for the last 10 years, is
responsible for delivering the firm’s investment capabilities to
global wealth management firms, with a focus on the firm’s
Dublin-domiciled UCITS range of funds. He is based in London.
Bond Dickinson hired Gareth Davies as a wealth manager and Barry
Stimpson as head of funds. Davies most recently worked at Brewin
Dolphin, where he was divisional director. He has over 15 years'
experience in advising clients on financial planning matters. His
recent work includes advising executives on transition from work
into retirement, advice to individuals and trustees in reviewing
investment portfolios and advice to families on estate planning
and inheritance tax. Stimpson joined Bond Dickinson from Olswang,
where he was head of funds and regulatory. Previously, he worked
at Linklaters, UBS and Squire Patton Boggs. He specialises in
real estate, private equity, debt and other funds and real
estate-related corporate structures. He is also a practitioner in
the field of limited liability partnerships.
Legal & General Investment Management Real Assets appointed Louis
Storrar to the newly-created role of senior asset manager for its
leisure fund. Storrar previously worked at Savills, where he was
seconded to The Crown Estate to head up property management for
its regional portfolio. Most recently, he took on a secondment at
L&G to support the Leisure Fund.
Arbuthnot Latham appointed Brian Robinson as a senior private
banker within the executives and entrepreneurs team. Robinson
joined from Coutts & Co where he has held a number of senior
positions over more than 30 years. He was most recently director,
private banker, looking after high net worth entrepreneur
clients.
Barclays appointed Karen Frank to lead its international wealth
business. Frank joined Barclays in 2012 as a managing director in
the financial sponsors group and is currently co-head of FSG in
Europe, the Middle East and Africa, a role which will now be held
solely by Ken McGrath. Frank is a member of the banking EMEA
operating committee. Before Barclays, she spent four years as a
managing director, investment banking at Goldman Sachs
International, according to her LinkedIn profile. Frank is based
in London.
James Hambro & Partners appointed US and global equity markets
specialist William Francklin as partner. Francklin joined after
22 years as private client director at Waverton Investment
Management, where he was also a senior member of the asset
allocation and stock selection committees.
Senior director and UK country head Ian Wilkins left Franklin
Templeton Investments after 16 years at the company. Alex
Brotherston, the company’s head of retail sales, and Jill Barber,
head of institutional, who have been leading distribution teams
in the UK, report to Vivek Kudva, managing director for Europe,
the Middle East and Africa. Michel Tulle, who joined Franklin
Templeton back in 1995, was appointed senior director, Southern
Europe and Benelux, replacing Sergio Albarelli, who left the
company. Tulle has been senior director – Americas since 2002 and
left a four-strong management team, responsible for distribution
across the sub-regions of South America, North America, Central
and Brazil. They will report to Andrew Ashton, managing director
for the Americas. Tulle will relocate to Franklin
Templeton’s Paris office in January 2017.
Walker Crips appointed Guy Jackson as head of group compliance
and executive director to the board. Jackson served as head of
compliance at Nutmeg Saving and Investment and NewSmith Asset
Management. He has over 25 years’ experience in senior compliance
roles in the investment sector. Based in London, he was also
appointed company secretary. Jackson succeeded David Hall who
stepped down as compliance head in May this year. Walker Crips
also hired Holly Ward and Edward Lester as investment managers,
also within its London head office.
Quilter Cheviot appointed Nicholas Hawkins to its 67-strong team
of investment managers in London. Hawkins joined from Walker
Crips Stockbrokers, where he spent eight years managing a client
base with assets of more than £100 million ($130 million) on a
discretionary and advisory basis.
UK-based wealth management house and private bank Brown Shipley
appointed former Investec employee Ryan Caines to its Edinburgh
office as private client associate. At Investec Wealth &
Investment, Caines was an investment assistant. Prior to that, he
worked at Winton Capital Management in Oxford as a research
assistant.
River and Mercantile Asset Management hired Gary Dowsett as a
global analyst within its global equity solutions
business. In the new London-based role, Dowsett works
alongside Will Lough, director of research, while supporting Hugh
Sergeant, R&M’s equity solutions chief investment officer, on
his global portfolios. Dowsett previously worked with
Sergeant as a fund manager and analyst at Phillips & Drew, the
predecessor of UBS Global Asset Management, from 1987 to 2001. He
then spent four years at Willis Towers Watson before taking on
senior roles at Schroders and Taube Hodson Stonex Partners.
Andy Brunner, London-based investment strategist for
Morningstar’s investment management business in Europe, the
Middle East, and Africa, retired from the company. Brunner began
his career in financial services in 1976, holding a number of
financial analysis roles before becoming director of investments
at Laurentian Group. He later served as head of investment
strategy and asset allocation at Prolific Asset Management and
Aberdeen Asset Management.
Henley appointed Justin Meissel to the newly-created role of
chief operating officer. Meissel joined from the Blackstone
Group, where he was a principal, responsible for sourcing and
executing pan-European investment deals. He also held roles at GI
Partners, Warburg Pincus and JP Morgan. His experience includes
investing in the UK, Europe, the US, Asia, South America and the
Middle East. He is based in London.
Close Brothers Asset Management appointed Matthew Heappey as
business development director to further enhance its
relationships with intermediaries in the South West. Heappey
worked with intermediaries in the region for the last three
years, first, at Standard Life and, most recently, at AXA Life
Invest as a UK retirement specialist.
BNY Mellon appointed Niamh De Niese as director and head of its
Europe, Middle East and Africa innovation centre. De Niese was
most recently head of Visa's European innovation labs in London,
Berlin and Tel Aviv, where she led all digital innovation client
co-creation and thought leadership projects across the company.
She held a number of other senior technology and innovation
leadership positions in the financial services and consulting
industries. She is based in London.
Italy’s Banca Monte dei Paschi Di Siena, the world’s oldest bank,
which was hit by a massive fall in its share price this year amid
concerns over its financial strength, appointed a new chief
executive and general manager. The new CEO is Marco Morelli.
Fabrizio Viola stepped down. Separately, Massimo Tononi resigned
as chairman and director of the bank.
James Cowper Kreston appointed Margaret Savory to its corporate
tax team. Savory joined from the Reading office of BDO, where she
was a senior tax manager. She advised entrepreneurial and
fast-growing businesses on all aspects of their corporate tax
affairs, with clients including small owner-managed start-ups,
large private equity-backed businesses and London-listed
companies.
Rowan Dartington appointed Luke Pearce and Alex Boyle as
investment managers as part of its national growth drive. Pearce,
previously an investment manager at Brewin Dolphin, brings
experience of working with high net worth individuals and
charities. Boyle joined after seven years as a senior investment
manager at Hawksmoor Investment Management. He has over 30 years’
industry experience in a number of roles ranging from fund
manager to investment writer and discretionary private client
portfolio manager. He is based in the company’s new branch in
Ipswich.
Kleinwort Benson recruited two directors and two senior advisors
within its private merchant banking team. Robert Auerbach joined
as a director and head of origination. He most recently served as
head of M&A at WH Ireland, having previously led Bryanston
Capital, a corporate finance advice firm. Before that, he worked
at NM Rothschild. Gheeve Changizi, who previously worked at
Lazard and Hannam & Partners, also joined as a director.
Piers Talalla was appointed as the bank’s senior advisor for
hotel and leisure. He was previously co-founder and chief
executive of Avington Financial, an advisory firm in the hotel
and leisure sector. He has also worked as an M&A banker at
Citi and Dresdner Kleinwort Benson. Simon Reid, previously at GE
Capital and ING Barings, joined as a senior advisor,
specialising in real estate transactions.
Stonehage Fleming, the international family office, recruited
David Elwell as a director in Philadelphia. Elwell also joined as
a principal at the law firm Peter Rosenberg & Associates, which
works closely with Stonehage Fleming in the US on tax advisory
services and estate planning. He was previously a partner at
Heckscher, Teillon, Terrill & Sager, where he advised wealthy
clients on their US and international income, tax planning, and
estate and succession planning. Earlier, he was an associate in
the international tax practice group at Duane Morris, having
started his career in law at Morgan Lewis & Bockius. Elwell
reports to Peter Rosenberg, president of Peter Rosenberg &
Associates, and partner and head of family office for Stonehage
in the US.
JO Hambro Capital Management appointed Ken Lambden, previously
chief investment officer at Barings, to replace Gavin Rochussen
as group chief executive. Rochussen, who has been at the helm
since late 2008, was appointed group executive, international at
JOHCM’s parent firm, BT Investment Management, the
Australia-listed fund management group. In the newly-created
role, Rochussen is responsible for implementing BTIM's growth
strategy outside Australia, with a focus on growing the JOHCM
business in the US and Asia, in particular identifying new
investment teams. He continues to report to BTIM’s group CEO,
Emilio Gonzalez, and is based in London.
DataArt appointed Toby Bryans as a principal consultant within
its finance practice. Based in London, Bryans joined after three
years with Nasdaq NLX, the interest rate derivatives exchange,
where he was director, onboarding.
Close Brothers Asset Management appointed Neil Davis as chartered
financial planner to further develop its financial advice
offering in the North West and North East. With over 25 years in
the financial services sector, Davis most recently worked at
Armstrong Watson, where he developed a financial services
advisory business in West Cumbria. He has previously worked as an
independent financial advisor for CH Jeffries and Skipton
Financial Services.
ZEDRA, the independent trusts, corporate and fund services firm
acquired from Barclays in January, appointed Robert
Burchett-Coates to the newly created role of director of business
development and sales. Burchett-Coates worked for more than 15
years in administration, investment management and corporate
solutions markets. He operates from the firm's offices in London.
Prior to this new role, Burchett-Coates was a director at
Deutsche Bank in London, leading fund services sales in EMEA. He
also worked at Man Group in a senior role, overseeing commercial
management of fund administration services and related corporate
solutions for funds.
Artemis Investment Management hired Stephanie Sutton as an
investment director, based in London. Sutton joined from
Fidelity, where she has worked since 2008, most recently as an
investment director. She has over 20 years’ investment
experience, having also worked as a consultant at Ernst & Young,
advising asset managers. Previously, she held various roles as an
equity analyst, fund manager and product manager at Société
Générale, F&C and Lehman Brothers.
MASECO Private Wealth, a firm that specialises in fields such as
services to expat US citizens, appointed Andrew Brown as chief
operating officer. This role is newly-created. Brown, who was
formerly COO and a founding partner of Skyline Capital
Management, an emerging market firm, has responsibility for areas
such as compliance, human resources, legal, finance and systems.
His other previous roles include chief of staff at the UK private
banking business of Barclays. Before this, he worked in Barclays'
group strategy team.
Stonehage Fleming appointed Ian Harvey to the newly-created role
of business development director within its investment management
division. Harvey joined from Neptune Investment Management where
he led the development of UK and European institutional business.
Previously, he headed up LV Asset Management’s institutional
sales and also spent seven years in a similar role at BNY Mellon.
From 1995 to 1998, he worked at Fleming Asset Management, a
division of Stonehage Fleming’s predecessor company, Robert
Fleming & Co.
Kames Capital hired Jack Holmes as an investment manager within
its high yield bond team. The appointment came shortly after
David Ennett joined from Standard Life as head of high yield and
Phil Milburn returned to the company as head of fixed income
investment strategy following a period of ill health. Holmes
joined from Standard Life Investments, where he was an analyst on
the European high yield team covering sectors including general
industrials, waste and recycling, and oil and gas services. He
reports to Ennett.
BNP Paribas Investment Partners appointed James Dilworth to the
newly-created role of global head of sales. Dilworth previously
worked at Deutsche Bank as chief executive, Germany for Deutsche
Asset & Wealth Management Investment and global head of active
asset management. Before that, he held various executive and
business development roles at Allianz Global Investors. He also
worked at Goldman Sachs Asset Management, where he helped enhance
the firm’s European footprint, with a focus on Germany. He left
Deutsche Bank earlier this year following the separation of
Deutsche Asset & Wealth Management into two separate
units. Based in London, Dilworth is responsible for
developing BNP Paribas IP’s business with institutional and
retail investors as well as distribution networks.
London-based Heartwood Investment Management appointed Paul Rose
as intermediary client director. Rose joined from Novia Financial
where, as regional sales manager, he was responsible for the
North West. Previously, he was national sales manager at Cofunds
and regional sales manager at Zurich Financial Services.
BMO Global Asset Management appointed Christine Cantrell as UK
sales director of exchange-traded funds. Cantrell joined from
State Street Global Advisors, where she worked in the UK sales
team for two years, responsible for the distribution of
investment strategies to the UK intermediary market. Before that,
she worked for ETF Securities as director of UK and Ireland
sales. There, she developed client relationships with
discretionary fund managers, private wealth managers and large
asset managers across the UK and Ireland. She is based in London
in this newly-created role.
Kuber Ventures, the platform giving access to enterprise
investment schemes and similar funds, appointed a trio as part of
its sales growth ambitions. The hires were Tim Thornton, Matt
Lenzie and Kate Hopkin. All three roles are
newly-created.
RBC Wealth Management appointed John Younger as managing
director, sales and relationship management, responsible for the
business owners and entrepreneurs client segment team. Younger
has almost 25 years of industry experience, including 18 years
with RBC in its capital markets business in Toronto and New York.
Based in London, Younger reports to Tony Johnson, head of sales
and relationship management at RBC Wealth Management. Younger
succeeded Sandy Swinton, who led the business owners and
entrepreneurs client segment since November 2015.
Hargreaves Lansdown said Ian Gorham was leaving the firm, having
spent seven years as the company’s chief executive. He is to hand
over to Chris Hill, currently the group chief financial officer.
Gorham joined Hargreaves Lansdown in 2009 as chief operating
officer before becoming CEO in September 2010, succeeding Peter
Hargreaves. Previously, he was head of financial services at
Grant Thornton UK from 2003 to 2009.
Aviva Investors appointed Rémi Casals, Nigel Cosgrove, Jennifer
Stillman and TJ Voskamp to new roles within its global
distribution and client relations team. Casals was appointed head
of European institutional client solutions. He joined from Rogge
Global Partners, where he was head of global distribution. He
previously worked at AXA Rosenberg, Barclays Global Investors and
Andersen Corporate Finance. Cosgrove was appointed head of
European institutional client relationships and service. He
joined from Standard Life Investments, where he was an investment
director. He previously held positions at BlackRock and Columbia
Threadneedle.
Stillman serves as global head of consultant relations. She
joined from Hermes Fund Managers, where she was director,
consultant relations. She previously worked at Nightscape Capital
and Caliburn Capital Partners. Voskamp is head of European
wholesale client solutions, and also oversees the global
financial institutions team. He joined from Schroders, where
he was head of the global financial institutions group.
Previously, he worked at Columbia Threadneedle and
Datamonitor.
James Hambro & Partners appointed Glenn Hawksbee as head of
financial intermediary sales. Hawksbee previously spent 17 years
at Quilter Cheviot, where he was head of sales. He left the
company late last year.
Henderson Global Investors promoted James Ross to co-manager of
the €3.9 billion ($4.4 billion) Henderson Horizon Pan European
Equity Fund. The fund had been managed by Tim Stevenson since its
inception in 2001. Ross has been with Henderson since joining the
firm’s graduate scheme in 2007 and has been co-manager on the
Henderson UK Alpha Fund since January 2013, working alongside
Neil Hermon. Hermon assumed lead management of the Henderson UK
Alpha Fund, supported by deputy fund manager Indriatti van Hien,
whom he has worked with for the last four years.
Bedrock hired Patrick Lachotzki as head of business development
and managing director of its fund management business, a
newly-created role. Lachotzki joined from BlueBay Asset
Management, where he helped raise assets and build the brand
across the Benelux region, Canada and the US. Most recently, he
was the firm’s head of sales, European financial institutions. He
previously worked at Citigroup Global Markets as assistant vice
president in the equities team.
Hermes Investment Management appointed Robert Wall as a partner
within its infrastructure team. Wall joined from the Canadian
Pension Plan Investment Board, where he has worked for the past
nine years in both Toronto and London. There, he was responsible
for executing large-scale direct infrastructure investments and
acted as a board director of infrastructure companies in Europe
and Australia.
European Wealth appointed John Scurlock-Davies as an investment
manager within in its Wokingham office. Most recently,
Scurlock-Davies was a wealth manager at Towry. Before that, he
was an investment executive at Rowan Dartington. He has 36 years
of investment experience, 29 of which he spent at Coutts & Co,
before becoming a director, private banking with Credit Suisse
and executive director at UBS. In the new role, Scurlock-Davies
reports to John Morton, group chief executive of European
Wealth.
Arbuthnot Latham hired Robert Salisbury as director, commercial
banking for the South West, Colin James as senior commercial
banker, and Adrian Midmer as commercial banking executive.
Salisbury joined from Coutts, where he was director, private
banking and head of Coutts Exeter. James joined from Barclays,
where he was head of the debt team. Midmer joined from RBS, where
he was relationship director. In their newly-created roles, all
three are based at Arbuthnot’s Exeter headquarters.
A luminary in the investment management world, Huw van Steenis,
was appointed as global head of strategy at UK-listed Schroders.
Based in the London, and reporting into group CEO Peter Harrison,
van Steenis drives business strategy and corporate development –
a newly-formed role. Van Steenis has more than 20 years'
experience in the industry, including 14 years as managing
director and global coordinator for banks and diversified
financials research at Morgan Stanley.
ICBC Standard Bank appointed Vikram Khanna to the newly-formed
role of head of advisory. Among previous roles, he has worked at
Credit Suisse as director for global industrials and energy.
Connection Capital, a private client investment boutique,
appointed Victoria McGurran as a client manager. She previously
worked for Swiss-listed asset management house GAM. At GAM,
McGurran was a member of the UK client team.
Savills Investment Management appointed Charlie Hamilton and
Shaun Widgery to its London team. Widgery is part of the
Savills IM development management team.
Tilney, the investment management and financial planning business
of UK-based Tilney Bestinvest, appointed Miles Robinson as head
of investment management in London. The role was previously held
by Guy Bowles, who was formerly CEO of Ingenious, the firm
acquired by Tilney Bestinvest earlier in 2016. Robinson was
previously the head of Tilney for intermediaries along with head
of the firm’s Birmingham office. He operates from the firm's
Mayfair office and reports to Alan Edwards, head of investment
management in England. Robinson joined Tilney in 1999 on a work
experience placement and over 17 years has covered a number of
roles within the company.
Americas
Citi Private Bank hired Nicolas Schmidt-Urzua as a managing
director and head of the multi-asset trading and advisory team
for Latin America, a move the firm said underscores its
commitment to the region. Schmidt-Urzua joined from JP Morgan
Private Bank, where he was head of global investment
opportunities for Latin America, excluding Brazil. Earlier, he
held a similar role as GIO head in Geneva, having previously been
an investment advisor at Credit Suisse in New York and Miami,
FL.
In his new New York-based role at Citi Private Bank,
Schmidt-Urzua will provide trading services to the firm’s most
sophisticated capital markets clients, while continuing to
segment the bank’s client coverage model. He will report to
Lisandro Chanlatte, head of investment counselors for Latin
America, and Adam Gross, head of multi-asset trading and advisory
for the Americas.
Threshold Group, the family office firm, brought in Jacob Gray as
a managing director of impact investing in Philadelphia, PA. Gray
was previously a senior director of the Wharton Social Impact
Initiative and, in partnership with founder Bridges Ventures, he
also co-developed the MBA Impact Investing Network and Training
learning platform. Before his Wharton role, Gray was co-founder
and partner of Murex, an early stage impact venture capital fund,
focused on sectors including education technology and financial
services.
HSBC Private Bank appointed Russell Schofield-Bezer as head of
investment services and product solutions, adding to its
leadership team in the US, which the firm remarked is one of its
key growth markets. Schofield-Bezer will be responsible for the
development and delivery of investment services and offerings to
clients in the region, as well as the performance of
discretionary and advisory mandates, and the development of new
initiatives and product ideas.
He will also be a voting member of the global private bank global
investment committee. Having relocated from London to New York,
Schofield-Bezer will report to Marlon Young, HSBC's regional head
of global private banking for the US and Latin America, and to
Stuart Parkinson, chief of staff at HSBC Global Private Bank.
Schofield-Bezer moved across from HSBC Global Banking and
Markets, where he was most recently head of capital financing for
Europe and head of debt capital markets for the EMEA region. He
joined HSBC in 2006 as European head of corporate derivatives
sales, and before that worked at JP Morgan Chase, where he was
head of northern European corporate derivative sales.
The Alliance for RIAs (aRIA) welcomed its first new member since
its launch, in the shape of Jack Petersen, a managing partner at
Summit Trail Advisors. Through Dynasty Financial Partners,
Petersen and his five co-founders broke away from Barclays and
opened offices in New York City, Chicago and San Francisco last
July as Summit Trail Advisors. aRIA said it invited Petersen to
its network due to his diverse background in financial services
and successful breakaway launching Summit on a national
scale.
Before founding Summit, Petersen was head of wealth management at
Barclays Wealth for the Americas. He joined the firm in September
2008 as part of its acquisition of Lehman Brothers Private
Investment Management. He was global head of private investment
management at Lehmans at the time, having risen to that post
after joining the firm in 2003, and serving as national sales
manager and US head of private investment management. From 1993
to 2003, he was an executive director at Morgan Stanley, where he
got his first taste of wealth management.
Lombard International, the wealth structuring firm, created a
transatlantic solutions team focused on the challenges that high
net worth individuals and families face as a result of the
globalization of their wealth. The team is comprised of
executives from across the US, Europe, Latin America and Asia.
The team includes: Fischer; Phil Trussell, senior managing
director, Bermuda; Helmer Arizmendy, senior managing director,
Latin America; Danilo Santucci, senior US tax counsel and wealth
planner, Europe; Lee Sleight, manager of case structuring,
Europe; and Freda Liu, marketing officer, Asia.
MUFG Union Bank appointed Lisa Roberts as a managing director and
head of private wealth management for Northern California and the
Pacific Northwest. Based in San Francisco, Roberts will report to
Michael Feldman, head of wealth markets. She has spent 28 years
in the wealth management industry, including around five years as
a regional market manager at Citi Private Bank, and stints at
Bank of America and Wells Fargo.
ZRG Partners, the executive search and talent management firm,
hired Doug Hanslip as a managing director within its financial
services practice. Hanslip will have a particularly strong focus
on the asset and wealth management, alternative investment and
capital markets sectors. He will split his time between Chicago
and New York. Before joining ZRG Partners, Hanslip was head of
the financial services practice at Allegis Partners, having
previously worked at Korn Ferry International and CT Partners in
similar roles. Prior to his career in executive search, he worked
on Wall Street for over a decade with two investment banking
organizations covering the institutional asset management client
community.
Todd Combs, an investment officer at Berkshire Hathaway, joined
JP Morgan’s board of directors. His appointment to a board
committee will be announced when determined, the US bank said.
Combs joined Berkshire Hathaway in 2010, having previously been
chief executive and a managing member at Castle Point Capital, an
investment partnership he founded in 2005. In that role, he
managed capital for endowments, family foundations and
institutions. Earlier in his career, he was an analyst for
Florida’s state financial regulator, and he analyzed risks for
insurer Progressive Corp.
Richard Barrett joined Boston, MA-based Congress Wealth
Management as chief investment officer and partner, succeeding
Peter Anderson. Barrett joins after seven years as CIO and
portfolio manager at a family office firm in the Boston area.
Before that, he was a vice president and associate partner at
Wellington Management, and earlier still worked at EY.
Credit Suisse named Bill Johnson as head of asset management in
the Americas. Johnson - who will retain his role as deputy global
head of asset management - will oversee the commodities group,
credit investments group, Securitized Products Fund and private
funds group. All Americas-based business that reports to him
currently will continue to do so. Credit Suisse also named Michel
Degen as head of asset management for Switzerland and EMEA.
Michael Strobaek, former head of asset management in Switzerland,
will remain as global chief investment officer at Credit Suisse
and head of investment solutions and products for international
wealth management.
Artivest, which provides access to alternative investments, took
on Jon Feigelson as general counsel and chief compliance officer
from TIAA. In his former role at TIAA, Feigelson was a senior
managing director, general counsel and head of regulatory
affairs, and director of corporate governance. He has also worked
at ABN AMRO and Goldmans. At Artivest, he will provide strategic,
regulatory and transactional legal advice across the firm’s
alternative investments range.
Snowden Lane Partners, the wealth advisory firm, brought in Dave
Woolford from JP Morgan Securities as a managing director and
private wealth advisor in Baltimore, MD. Woolford joined partners
and managing directors Phil Lazzari, Mark Stevens and Eric Watson
to comprise a team that will manage around $350 million in client
assets. Besides JP Morgan, Woolford has also worked at UBS,
Credit Suisse and Alex Brown & Sons.
Brazil’s Itau Unibanco recruited Nicholas McCarthy from Banco
Safra as global chief investment officer within its private bank.
Based in Sao Paulo, McCarthy will oversee asset allocation and
investment advisory affairs for wealthy Latin American
individuals. He will head teams in Brazil, Miami, New York and
Zurich, and report to Luiz Severiano, a director responsible for
Itau’s private banking business. At Banco Safra, McCarthy was
responsible for fixed income and hedge funds asset management.
Before that, he worked at JP Morgan and Banco Matrix.
Douglas Rubenstein was appointed as Benjamin F Edwards & Co’s
chief operating officer, while the firm also launched an office
in Jonesboro, AR, and made a splash of hires. With two advisors,
the Jonesboro location joined Berryville and Harrison as the
firm's third office in Arkansas, bringing the company's total
office count to 56 in 25 states.
Additionally, the firm added an advisor at its existing offices
in LaSalle-Peru and Naperville, IL. Collectively, the four new
advisors represent $384 million in assets under management.
Rubenstein joined the firm in 2012 as director of capital markets
and business strategy. In his new COO role, he will continue with
his existing responsibilities, while also overseeing company
initiatives.
Joining the firm from Stephens, Inc was Malcolm Peeler and Brian
Erwin in Jonesboro as a senior vice president of investments and
vice president of investments, respectively. Meanwhile, in
LaSalle-Peru, Cindy Lewis joined as a senior registered financial
associate to Peeler and Erwin, while Kevin Skogsberg joined as a
senior vice president of investments from Stifel, along with
senior financial associate Julie Perez. The LaSalle-Peru office
was launched in 2011. Lastly, in Naperville, IL, Curtis Loveday
was appointed as a financial consultant from Morgan Stanley. The
Naperville office opened this year.
Connecticut-based Symmetry Partners, the investment advisory
firm, brought in former BlackRock director Timothy Baker as
director of product strategy, as well as making a series of
hires. Baker will be responsible for overseeing Symmetry’s entire
product suite, with a focus on developing the firm’s next
generation of factor-based ETF models. He will also help educate
advisors and investors on other new initiatives, including the
firm’s foray into alternatives. During his time at BlackRock,
Baker promoted smart beta/factor investing in the US across
institutional and retail channels, as well as the firm's global
equity product suite across the Americas.
Meanwhile, Eric Krusiewicz joined Symmetry as a senior investment
strategist from Colonial Consulting. The firm also added three
regional business consultants in the shape of Bob Matala from
Envestnet, Nathaniel Poole from Jackson National Life, and
Michael Jordan, also from Jackson National Life.
Alan Lennick joined Hilltop Securities’ private client group in
Beverly Hills, CA, as a regional director for the West Coast, and
senior vice president of practice management. As West Coast
director, Lennick will help private client managers boost their
productivity, while also concentrating on recruiting wealth
management talent.
In his practice management role, Lennick will support private
client and HilltopSecurities independent network advisors with
their fee-for-advice programs, as well as help to ensure that
advisors meet the requirements of the Department of Labor’s
recently adopted rule defining fiduciary investment advice and
conflicts of interest related to retirement assets. Lennick was
previously a complex director at Ameriprise in Los Angeles, and
before that managed branches in the Minneapolis/St Paul area.
Merrill Lynch hired three financial advisors from UBS in
Manhattan for its Manhattan East complex. Harry Lewkowitz, a
member of the Lewkowitz–Gersten Wealth Management Group, joined
as a managing director, wealth management advisor and senior
portfolio manager.
Jeff Gersten, a member of the Lewkowitz–Gersten Wealth Management
Group, joined as a senior vice president, senior financial
advisor and senior portfolio manager. And, lastly, Jeffrey
Schoenfeld was hired as a senior vice president, wealth
management advisor and senior portfolio manager.
Pure Portfolios brought in former US Trust man David Gewant as a
managing director, responsible for driving strategic
partnerships, firm operations and portfolio construction. Gewant
previously served as division investment executive for the
western region at US Trust, having been a market investment
director and portfolio manager in the Portland, ME, office before
that. He began his career in New York as a portfolio manager and
equity analyst.
Risk Strategies Company, the risk management and insurance firm,
made two private client hires in Chicago, IL, in the shape of
Sandy Leon and Andrew Bonk. Leon and Bonk joined from the
brokerage firm HUB International, where they have worked with
wealthy families for the past 12 years. At Risk Strategies, Leon
was named a vice president and family office practice leader for
the Midwest - serving clients across the US and internationally -
while Bonk joined as a senior account executive.
FolioDynamix, a provider of wealth management technology and
advisory services, expanded its national sales team with the
addition of Chicago, IL-based Sean Mullen and Dallas, TX-based
Jerome Hill. Mullen, who was most recently with Envestnet, is
charged with expanding the firm's footprint with enterprise-type
broker-dealer clients. Hill, who has a background in financial
services and institutional sales, is focused on the firm’s FDx
Complete offering, a wealth management and advisory solution for
RIA firms.
iCapital Network, the online provider of alternative investments,
made four hires: Tom Iacono joined as chief financial officer;
Grace Kim as head of investor relations; David Russo as head of
platform integration; and Bryan Gallagher as legal counsel.
Iacono joined the firm from General Electric, where he spent 12
years in financial leadership and transaction advisory roles.
Earlier, he was CFO at Fortress Transportation and Infrastructure
Fund, and a senior manager at Deloitte.
Kim, meanwhile, joined from Fir Tree Partners, an investment firm
where she was a director in the investor relations group. She has
17 years of experience working with managers and investors in the
alternatives sector. Russo joined from Credit Suisse Private
Banking Americas, where he was chief operating officer of assets
and investments, responsible for cross-product strategy and
business development. Before that, he worked at Bank of America
Merrill Lynch and Morgan Stanley Wealth Management. Lastly,
Gallagher joined from Goldman Sachs, where he was a vice
president and assistant general counsel in the investment
management division.
Citi Private Bank recruited Sonia Garcia-Romero from JP Morgan in
Miami, FL. This was a replacement hire. Garcia-Romero is
responsible for leading ultra high net worth client investment
services in the region, excluding Mexico and Brazil. Reporting to
Lisandro Chanlatte, head of investment counselors for Latin
America, she will also lead the bank’s multi-family office
business, with a focus on capital market solutions.
In her former role at JP Morgan, Garcia-Romero served as market
manager and investments team leader for the Andes, Central
America and Caribbean regions. Earlier, she worked in the firm’s
investment bank and on the global markets treasury liquidity
desk.
PKF O’Connor Davies, the accounting and advisory firm, added Alan
Kufeld as a partner within its financial services practice.
Kufeld was previously a partner at Flynn Family Office, and
earlier a tax principal within the family office group at
Rothstein Kass, both in New York.
Kirkpatrick Bank launched private banking services in Denver, CO,
making two hires as part of the effort. The new branch is headed
by Steven Harlan, who joined as a senior vice president of
private banking, serving families, foundations and businesses.
Meanwhile, Kam Looney joined as a vice president of private
banking. Looney has spent most of her career primarily in the
mortgage field, branching into business and private banking in
2011.
Brown Advisory, the global investment firm, brought in two
Austin, TX-based investment management teams to launch its eighth
office. Blackhaw Wealth Management, founded by Ian McAbeer in
2009 and joined by Tushar Shah in 2014, combined its business
with Brown Advisory. Joining with McAbeer and Shah were Blackhaw
colleagues Sarah Richardson and Mia Karides. Erik Cohen, Jonathan
Levy and Mindy McDuffie represent the other side of the addition,
and joined Brown Advisory from Oxbow Advisors.
Lombard International, a global provider of wealth structuring
services for HNWIs, brought in Phil Trussell as a senior managing
director to expand its life insurance operations in Bermuda. The
expansion of the Bermuda-based life business followed a string of
recent developments by Lombard International, including the
opening of its brokerage office in Hong Kong to serve the Asia
market and the firm’s recent launch of a representative office in
Paris. Trussell has over 20 years of experience as an insurance
professional and joined Lombard from The Argus Group in
Bermuda.
Christine Hurtsellers became chief executive of Voya Investment
Management, Voya Financial's asset management business.
Hurtsellers succeeded Jeffrey Becker, who is leaving the firm to
join another company, and had served as CEO of Voya Investment
Management since 2009. In her previous role at Voya, Hurtsellers
was chief investment officer of fixed income since 2009. She now
reports to Alain Karaoglan, the firm's chief operating officer
and chief executive of retirement and investment solutions. In
other changes, Matt Toms succeeded Hurtsellers as chief
investment officer of fixed income. Toms, who has served as head
of public fixed income at Voya since 2011, will continue to
report to Hurtsellers.
California-based Mechanics Bank expanded its resources for
affluent clients, adding and promoting staff throughout the San
Francisco, East Bay and Napa regions. Ester Babakhanov joined the
bank as a vice president and wealth management strategist in San
Francisco, providing estate and charitable planning for
individuals and families, as well as corporate retirement
services. She previously worked at JP Morgan in San Francisco and
at Wells Fargo in San Francisco and La Jolla, CA.
James Hauer, meanwhile, transferred from San Francisco to the
North Berkeley office in light of growing client demand for trust
services at the branch. Additionally, Michael Shea joined the
Oakland office as a vice president and wealth strategist. He will
serve as a personal relationship manager for families and
businesses, having previously worked at WealthPLAN Partners.
In other moves, Tina Papucci, who joined the firm 30 years ago,
was promoted to vice president and personal trust manager in
Oakland, while Darren Peterie moved from the retail side to serve
as a vice president and private banker. Rounding off the
appointments, Ron Sparrow was promoted to vice president of
private banking in Walnut Creek. He spent the previous two years
as a manager in San Rafael.
RBC Wealth Management welcomed the Evergreen Group in San
Antonio, TX, with some team members based in the firm’s new
Lufkin office. The group joined from Morgan Stanley with over $1
billion in assets. Team members include: Phillip Friesen,
managing director and financial advisor; Chuck Crowson, senior
vice president and financial advisor; John Friesen, vice
president and financial advisor; Greg Bowman, vice president and
financial advisor; Josh Zeleskey, associate vice president and
financial advisor; Karen Ronaghan, associate vice president and
senior financial associate; and Bonnie McKinney, senior
registered client associate.
First Republic Bank added Kevin Barnes to its private wealth
management team in San Francisco, CA. Barnes, a managing director
and portfolio manager, joined from Merrill Lynch's private
banking and investment group, where he was a managing director
and private wealth advisor.
Wealth and asset management house Noah Holdings appointed
Shang-yan Chuang as chief financial officer, taking over from
Ching Tao, who is now chief executive of Noah US, the firm’s
first US subsidiary. Chuang has more than 13 years of experience
in financial services. In March 2011, he joined Noah as a
director of investment relations and corporate development. In
2012, he founded Noah Holdings (Hong Kong) and served as its
executive director and CEO until January 2016. Prior to joining
Noah, Chuang was a senior executive at Bank of America Merrill
Lynch in the investment banking division and Asia private equity
from 2003 to 2011, based in Hong Kong.
Switzerland
HSBC appointed Christopher Matthey, previously a senior hedge
fund advisor and portfolio manager at Goldman Sachs Asset
Management, to its alternative investment group as head of
discretionary portfolio management in Switzerland. He is based in
Geneva.
The bank also hired Elisabeth Istanboulli from UBS Wealth Management as an alternative investment specialist in Zurich, and Aster Eddo to oversee investor relations for the alternative investments team in Switzerland. Olivier Nahas joined from Syz Group as a product specialist trader in Geneva, while in Zurich, Alin Radu from Julius Baer was appointed investment counsellor, and David Dizerens from Credit Suisse as investment counsellor analyst.
Julius Baer appointed Florence Rollet as its new marketing head, replacing co-heads Nicole Chandrashekara and Marco Parroni. Rollet previously worked at Tiffany & Co, where she was group vice president, Europe, Middle East and Africa. Based in Zurich, she reports to Boris chief executive, Collardi. Chandrashekara has been appointed a new senior role within the bank. Parroni remains within the marketing department as head of global sponsoring and deputy to Rollet.
Credit Suisse named Michel Degen as head of asset management for Switzerland and for the EMEA region. Michael Strobaek, former head of asset management in Switzerland, remains the bank’s global chief investment officer and head of investment solutions and products for international wealth management.
Credit Suisse also appointed Alexandre Zeller and Dr Peter Derendinger as external members on the board of directors of its Swiss legal entity. Zeller, who has been chairman of the board of directors of SIX Group since 2013, was also appointed chairman of the board of directors of Credit Suisse (Switzerland). Derendinger is the founding partner and CEO of Alpha Associates, an independent company headquartered in Zurich that manages and advises on investments in private equity, private debt and infrastructure. Tidjane Thiam, CEO of Credit Suisse Group, also joined the board of directors of Credit Suisse (Switzerland).
M&A and corporate finance advisory firm MilleniumAssociates appointed Biagio Zoccolillo as a partner, based in Zurich. Since April 2015, Zoccolillo has been running his own consultancy practice, advising entrepreneurs, wealthy individuals and families, as well as corporates and institutions. He previously spent 11 years at Mirabaud & Cie.
Geneva-based Decalia Asset Management hired Clement Maclou as head of strategies related to changes in consumer trends. He joined after more than a decade with CPR Asset Management, where he managed one of the firm’s flagship funds on the theme of population ageing. In the newly-created role, he manages two thematic funds, DECALIA Silver Generation and DECALIA Millennials.
Switzerland-headquartered investments firm Lexinta Group appointed Paul Fang as group CEO. Most recently, Fang was managing director at LIVALOR Asset Management in Zurich. From 2006 to 2015, he was a senior relationship manager at Credit Suisse in Zurich.
ZEDRA Group hired Stuart McLuckie as managing director in Geneva,
a newly-created role. He joined after five years as a director at
Rhone Trust and Fiduciary Services, previously Banque Pictet’s
trust company in Geneva.
Cecile Civiale Vuillier began a new role as senior
relationship manager for ZEDRA Group. Vuillier is based in
Geneva. Among other roles, she is a member of the editorial
advisory board of this news service, a position she has held for
three years; she has also been Swiss inter-branch officer of the
Society of Trust and Estate Practitioners, based in Geneva, and
has held that position for more than six years.
HSBC Private Bank (Suisse) appointed Theo Aeschlimann, formerly of UBS, as head of the entrepreneurs and executives desk, while Malcolm Dastur, previously at a family office, and Yves Tschui (ex-Credit Suisse) became senior relationship managers. They are based in Zurich. Meanwhile, HSBC recruited Alexander Sabo (ex-Credit Suisse) as market head, while Pieter Strobos (Bank Sarasin) and David Veit (from HSBC in the UK) were appointed senior RMs in the family office segment. Giovanni Miccoli from Acquila became head investment counsellor for the domestic and family office areas.
Falcon Private Bank, the Swiss-based firm owned by Abu Dhabi’s International Petroleum Investment Company, recruited Walter Berchtold as its new chief executive, replacing CEO Eduardo Leemann who has retired. Berchtold has more than 30 years of experience in the banking industry. He was named head of private banking of Credit Suisse in 2004. In 2011 he gave up the operational responsibility and continued to serve as chairman of the private banking division. From 2003 until 2012, Berchtold was member of the bank’s executive board. Since then he has been acting as an independent financial industry expert. Leemann remains at the bank as a senior advisor.
Rest of Europe
Vanguard appointed Sean Hagerty, principal and global head of the firm’s portfolio review department, to head up its European business, replacing John James, who has relocated to Vanguard’s headquarters in the US to lead the firm’s global human resources division as managing director. Hagerty joined the firm’s international leadership team and reports to James Norris, head of the international business.
HSBC hired Yosef Manna from Charles Stanley as assistant relationship manager for the Greek market.
Crestbridge, the Jersey-headquartered trust, fund and corporate service provider, made a round of director promotions. Daniela Klasén-Martin, managing director of Crestbridge’s Luxembourg office, became a director of the firm’s Jersey management company board. Fiona St-Clair-Bolam, head of human resources, joined the firm’s Jersey operating company board, and Fiona Fauvel, head of compliance, became a director of the board for Crestbridge’s fund administration business.
In Luxembourg, Crestbridge appointed Gregoire Mure as assistant manager and Pauline Babelart as senior accountant.
Boston Limited, a fiduciary services business based out of the Isle of Man, appointed Sarah Ingrassia and Kerry Smith to its board of directors. Ingrassia joined the firm in 2012 and has served as a senior manager.
Edmond de Rothschild Asset Management hired Jean-Philippe Desmartin as head of its responsible investment team. He previously spent over a decade as head of environment, social and governance research at Oddo Securities. Based in Paris, he reports to chief investment officer Philippe Uzan.
German alternative investment manager HQ Capital appointed its chief operating officer and co-managing director, Georg Wunderlin, as its new chief executive, based in Frankfurt. He replaced Ernest Boles, who had been at the helm of the company for almost a decade. Boles became vice chairman of HQ Capital and continues to advise the company on its operations, remaining part of its executive management. He also remains on the investment committees for real estate and private equity and continues to manage a number of the company’s client relationships. Former vice chairman Marcel Giacometti was appointed as a senior advisor for HQ Capital as of January 2017. He will continue to be a member of the investment committee for private equity, also managing several client relationships. Chief financial officer Tim Avery was appointed to take over Wunderlin's responsibilities as COO, without assuming the title itself.
Italy’s Banca Monte dei Paschi Di Siena, the world’s oldest bank, appointed Marco Morelli as its new CEO, replacing Fabrizio Viola. Morelli previously worked at Bank of America Merrill Lynch, where he was country executive, Italy since 2012. He was also vice chairman of corporate and investment banking for EMEA at the bank. Separately, Massimo Tononi resigned as chairman and director.
Amundi appointed Anthony Mellor as head of investor relations and financial communication, replacing Cyril Meilland, who joined Credit Agricole as head of financial communication. Mellor, previously chief of investor relations at Lagardère Group, is based in Paris.
Amundi also appointed Bruno Taillardat to the newly-created role of head of smart beta. He joined after nine years with Unigestion, where he was latterly investment director, responsible for quantitative and fundamental research. Based in Paris, Taillardat reports to Laurent Trottier, Amundi’s global head of exchange-traded funds, indexing and smart beta management.
Canaccord Genuity Wealth (International) appointed William Kay as a non-executive director. Based in Jersey, Kay, a former director of Barclays Private Banking in London, works with local management to provide strategic guidance for the business in the Channel Islands and Isle of Man.
ABN AMRO Group NV's CEO, Gerrit Zalm, decided to step down next year before his term ends. The Dutch government appointed Zalm as CEO of ABN AMRO in 2009 to restructure and stabilise the newly nationalised bank following the merger of ABN and Fortis Netherlands. ABN AMRO said it had begun the succession process and will make further announcements in due course.
Robeco Institutional Asset Management, part of the Netherlands-based group Robeco, appointed Gilbert Van Hassel as its new CEO, replacing Leni Boeren who is leaving the company. Until 2013, he was global CEO of ING Investment Management. Van Hassel was also appointed chairman of the management board.
Offshore law firm Bedell Cristin promoted advocates Jon Barclay and Richard Sharp to partners in Guernsey. Barclay practised as a barrister at a UK chambers and was admitted as an advocate in Guernsey in 2006. He specialises in international financial services litigation, with a focus on cross-border asset recovery, regulatory disputes, and fraud investigations. Sharp was admitted as an advocate in Guernsey in 2014. He specialises in advising on insurance, listings, and general corporate and commercial transactions.
The firm also promoted Kate Ovenden to managing partner in Guernsey. She became a partner of Bedell Cristin in 2010, having returned to Guernsey to join the firm in 2006. Previously, she spent 10 years working at law firm Withers. Advocate Mark Helyar, the former managing partner, remains with the firm in an of counsel role. He has led the Guernsey office since its launch.
UBS Asset Management appointed Pedro Coelho to the newly-created role of head of UBS exchange-traded funds in Spain. He previously spent a decade with NN Investment Partners, where he was senior client director for Iberia, Latin America and US offshore. Based in Madrid, Coelho will be responsible for business development for ETFs, helping to grow and strengthen client relationships in all key market segments – asset managers, pension funds, insurance companies, private banks, family offices and independent financial advisors.
Kempen Capital Management appointed Kornelis Buursma as business development director. He previously worked at NN Investment Partners, PGGM Investments and ING Real Estate Investment Management. He is responsible for the development and further growth of Kempen’s fiduciary asset management activities for institutional clients in the Netherlands.
Hamburg-headquartered Aquila Capital appointed to its advisory board Daniel Just, chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund. As part of the advisory board, Just provides advice on the company’s strategic orientation while helping to identify and evaluate new business areas.
Indosuez Wealth Management, which was rebranded at the start of the year from Credit Agricole Private Banking, appointed Paul de Leusse as CEO, replacing Christophe Gancel, who stepped down this summer. After joining Credit Agricole as director of group strategy in 2009, he was appointed chief financial officer of Credit Agricole CIB in 2011. He then became deputy CEO of Credit Agricole CIB in 2013.
Middle East, Africa
HSBC appointed Sandip Aggarwal to head up the investment counsellor team in the Dubai International Financial Centre, where HSBC’s Swiss private bank opened an office last year. In the bank’s client service teams, Nadim Abou Jalad joined from Barclays as senior relationship manager for the Middle East and North Africa, while Daniel Israel joined from UBS as senior relationship manager covering Israel.
Sean McCrum from HSBC’s operation in the Channel Islands was appointed relationship manager for South Africa.
Asia-Pacific
The former chief executive of Pictet’s private banking operation
in Singapore became head of private banking at ABN AMRO in the
Asian city-state. Anuj Khanna, whose new role is head of private
banking at ABN AMRO Singapore, left his previous role at Pictet
in Singapore in October last year. Before joining Pictet in 2012,
Khanna had been in Hong Kong for five years working for Credit
Suisse’s private bank, holding roles such as head of private
banking, North Asia, and chief operating officer for the
Asia-Pacific region. Khanna took over from Chang Tze Lee,
who left the bank.
Stephen Richards-Evans, global head, UHNW at Standard Chartered’s
private bank, and market head, Indonesia, left the post. He was
based in Singapore. The move was part of a series of changes put
in place at Standard Chartered in the wake of the appointment in
July of former senior Barclays manager Srinivas (Srini)
Siripurapu as regional head, private banking, ASEAN and South
Asia, and as global head, non-resident Indian clients. Siripurapu
took over the regional leadership from Peter Kok, whose role was
then combined within the former’s expanded remit.
Andrew Ho was also made managing director and market head,
Indonesia, and Vishal Jain appointed as MD and market head,
Global South Asia community (GSAC) Asia. Both report to
Siripurapu.
Richards-Evans, who was appointed to his head of global UHNW role
in October 2014, will be succeeded by Andrew Ho, who for 10 years
was at UBS Wealth Management as country head for Indonesia. Prior
to that, he worked at Citigroup's private bank.
Andy Cohen, who has been chief executive of JP Morgan's Asian
private bank since 2010, took on the post of CEO for the
international private bank (the global business but excluding the
US). Pablo Garnica, who continues as EMEA private bank CEO,
reports to Cohen; Chris Harvey, the Latin America private bank
CEO, also reports to Cohen. From 2005 to 2010, Cohen was MD,
regional head of Southern California at the bank, working in Los
Angeles; from 2002 to 2004 he worked at JP Morgan (Suisse) in
Geneva, as MD, global head of Turkey and Israel.
Credit Suisse hired former UBS head of ultra high net worth
business in Japan to replace Masahide Ohashi as managing director
and head of private banking for Japan. Tsuneaki Hirao is based in
Tokyo and reports to Alex Wade, head of developed and emerging
Asia private banking for Asia-Pacific, as well as Martin Keeble,
chief executive, Japan. Hirao has 25 years of senior level
private banking experience, of which ten were spent spearheading
UBS’s wealth management office in Osaka, Japan. Prior to his UBS
stint, Hirao was managing director, market head of Citi Private
Bank in Tokyo.
A former private wealth manager at Goldman Sachs joined Lombard
Odier in Singapore, focusing on the Southeast Asia market. Sandy
Lim joined Lombard Odier Singapore as a senior relationship
manager. Lim holds the title of executive director at Lombard
Odier, Singapore and he will report to Vincent Magnenat, chief
executive for Singapore and head of private banking, Asia.
HSBC Global Asset Management appointed Grace Tam as senior market
specialist, based in Hong Kong. Tam reports to Alison Brown,
director and head of sales, wholesale business. Tam focuses on
supporting the retail distribution of HSBC funds in Hong Kong and
China. Prior to this role, Tam worked at Credit Suisse Private
Banking; she has also worked at JP Morgan Asset Management for
over 10 years with her last position as executive director,
global market strategist. She has more than 15 years of
experience in the industry.
Japan-based Sumitomo Mitsui Trust Group appointed Yukihiro Murota
as managing director of Sumitomo Mitsui Trust International in
London, taking over from Hisaya Kambayashi, who returned to SuMi
TRUST’s head office in Tokyo. Murota has responsibility for
managing all aspects of SuMi TRUST’s global asset management
business and driving growth in the EMEA region. He has been with
SMTIL since April this year. Previously, he was associate general
manager of the fiduciary business planning department at Sumitomo
Mitsui Trust Bank, the parent company of SMTIL.
Between 2005 and 2009, Murota was in charge of client portfolio
management for public pensions clients for the bank. From 1996 to
2005 he was a portfolio manager of global bond funds at SMTB, and
also gained experience as a strategist on world economy and
markets.
Bank of Singapore’s Greater China team head, and a former member
of parliament in Singapore, left the bank. Arthur Fong, who was
serving out his notice period, was most recently managing
director, team head, reporting to Oliver Tang, market head,
Greater China. Fong has more than 25 years of banking experience,
of which 23 years were spent in private banking. He has held
roles at Citigroup Private Bank, Singapore and UBS, Singapore. He
had also served three terms as an elected member of the Singapore
Parliament from 2001 to 2015.
ABN AMRO appointed Ghislaine Nadaud as a senior sustainability
advisor for its energy, commodities and transportation clients in
Asia. Nadaud, who started her career in law, joined ABN AMRO in
2006 as legal counsel. Since 2011, she has specialised in
sustainable banking, policy and risk management.
KKR named its new head of Greater China, taking effect from the
start of next year and taking the reins from David Liu, who is
leaving the firm. Yang, who is based out of Hong Kong, was
president and chief executive of China Development Financial
Corporation.
PIMCO appointed hired Steve Chiu as head of Hong Kong Retail,
reporting to Michael Thompson, who is head of global wealth
management for Asia ex-Japan and head of Singapore. PIMCO also
hired Stacie Wang as head of China, global wealth management.
Wang joined PIMCO in early August and is responsible for building
partnership with intermediaries in China, with a strategic focus
on private banks, retail banks, domestic asset managers, wealth
management platforms, financial advisors and family offices.
In addition, existing Asia ex-Japan Global Wealth Management
business team heads assumed dedicated channel responsibilities to
systemically prospect and develop the opportunities. These
included Todd Staley leading the family office sub-channel, Henry
Chui on private banks for North Asia and Freida Tay on Singapore
retail. Chiu most recently was VP of investment funds of Manulife
Asset Management (Hong Kong). Prior to that, he held senior
management roles in Bosera Asset Management (International), AIA
Wealth
Management, Invesco Asset Management, HSBC Retail Banking and
HSBC Asset Management.
Julius Baer reached into the world of the luxury goods sector to
appoint a new marketing boss: Florence Rollet became new
marketing head, replacing co-heads Nicole Chandrashekara and
Marco Parroni. Rollet is based out of Zurich and reports to Boris
Collardi, chief executive. Previously, Rollet worked at Tiffany &
Co., where she was group vice president EMEA. Prior engagements
include various senior management roles in the luxury and
consumer goods industry, including LVMH Group, Coty and Reckitt
Benckiser Group. Rollet is a member of the board of directors of
Rémy Cointreau.
Going forward, Chandrashekara took on a new senior role within
the bank. Parroni remained in the marketing department as head of
global sponsoring as well as deputy to Rollet. Additionally, he
will continue to drive selected key marketing projects with
strategic importance for the bank, in collaboration with
Collardi.
AXA Investment Managers set out details of AXA IM Chorus, its new
16-strong investment team in Hong Kong, focusing on liquid
absolute return strategies. AXA IM first announced the team in
April this year when Pierre-Emmanuel Juillard re-joined the firm,
becoming managing director of AXA IM Chorus. Since then, it has
hired Jérôme Brochard and Hector Chan as co-chief investment
officers, Augustin Landier as head of research, Ahcène Garèche as
senior quant researcher and Philippe Muller as chief technology
development officer.
Brochard joined from Goldman Sachs where he was managing director
in the equities division, in charge of the systematic trading
strategies team. Chan joined from Goldman Sachs where he was
managing director and head of Asia-Pacific FICC structuring.
Before Goldman Sachs, he was responsible for the Asia-Pacific
ex-Japan interest rate and foreign exchange structuring team at
BNP Paribas.
Landier is a visiting professor of finance at Harvard Business
School and will continue this role alongside his new position as
head of research at AXA IM Chorus. He has taught at New York
University and the University of Chicago, and was a resident
scholar at the International Monetary Fund.
Garèche joined from Marshall Wace where he was a quantitative
researcher for the hedge fund and Muller joined from adtech
company Criteo where he was a senior engineering lead. Muller
brings experience in software development and infrastructure, and
has previously worked at Capital Fund Management.
Harvest Global Investments appointed Ashley Dale to the
newly-created role of chief business development officer and
chief marketing officer, covering Asia, the Americas, Europe and
the Middle East. Dale previously spent seven years as chief
marketing officer and head of international business development
at Mirae Asset Global Investments. Before that, he held senior
positions at CLSA, GLS Capital and SG Securities. Based in Hong
Kong, Dale reports to chief executive, James Sun.
PricewaterhouseCoopers' Australia business recruited former ANZ
chief executive Mike Smith, who left the lender last year, as a
senior advisor to support its Asia practice.
Chubb Life, the global life insurance business, appointed Raymond
Ting as chief agency officer and member of the executive
committee of Chubb Life Insurance Company, its Hong Kong
operation. Ting is responsible for all aspects of the agency
channel and leads the agency management team. He reports to Allan
Lam, country president of the company. With more than 30 years of
experience in the life insurance industry in the US and Asia,
Ting previously was chief executive of ACE Life in Thailand in
2010. Until 2006, he was the MD of MetLife in the US, heading up
financial services for 30 years.
A former chief executive of Singapore-listed DBS, Jackson Tai,
joined rival HSBC as an independent non-executive director. His
appointment is initially for three years. A luminary of the Asian
banking sector, Tai spent the first 25 years of his career as an
investment banker at JP Morgan, latterly as chairman of the
Asia-Pacific region. Between 1999 and 2007, he held senior
positions at DBS Group. He joined DBS as chief financial officer,
moving to become president and chief operating officer and, from
2002, vice-chairman and CEO. Tai continues to serve as a
non-executive director of Eli Lilly and Company, MasterCard
Incorporated, and Royal Philips NV, as well as a member of the
Canada Pension Plan Investment Board. His previous non-executive
roles include The Bank of China, Singapore Airlines, NYSE
Euronext, ING Group NV, CapitaLand, SingTel and Jones Lang
LaSalle. In the not-for-profit sector, Tai is a director of
Metropolitan Opera and a trustee for Rensselaer Polytechnic
Institute.
Emerging markets specialist GEMCORP Capital, which is
headquartered from London, has a new advisory board, including
figures from the banking and private client world.
The chairman is Ken Costa, who served as chairman of Lazard International, the financial advisory and asset management firm, from 2007 to 2011. This followed a 30-year M&A career at UBS, where he was chairman of EMEA for UBS Investment Bank, vice-chairman and board member of the UBS investment banking board as well as global head of M&A.
Tommy Helsby joined the board from Kroll, the corporate
investigations and risk consulting firm, where he has been
working for the past 35 years. Helsby is chairman of Kroll’s
investigation and disputes practice and is responsible for the
firm’s strategy and major client relationships worldwide. He has
experience in emerging markets, especially Eastern Europe and
Russia, the Middle East and Africa.
Igor Sagiryan was MD and head of private clients at CJSC
“Sberbank CIB”, after serving as a co-head of investment banking
at the bank. Sagiryan was president of Renaissance Capital from
1999 to 2009, and, prior to that, was founding partner and
managing director at Bain-Link for eight years. Sam Bennett spent
35 years at BP, where for the last ten years he has been the
company’s chief negotiator at its exploration and production
division. Bennett has worked across most of BP’s upstream
businesses, focusing on exploration access, dispute resolution,
government negotiations and joint ventures, including commercial,
political and country risk assessments in a large number of
countries including the US, Central and South America, Russia,
North and sub-Saharan Africa.
ZEDRA, the independent trust, corporate and fund services firm
acquired from Barclays in January, appointed Robert
Burchett-Coates to the newly created role of director of business
development and sales. Burchett-Coates worked for more than 15
years in administration, investment management and corporate
solutions markets. He operates from the firm's offices in London
with a brief to grow business from ZEDRA's existing client base
and new partnerships, particularly in Asia and Europe. Prior to
this new role, Burchett-Coates was a director at Deutsche Bank in
London, leading fund services sales in EMEA. He also worked at
Man Group in a senior role, overseeing commercial management of
fund administration services and related corporate solutions for
funds.
Robeco Institutional Asset Management, part of the
Netherlands-based group Robeco, which recently opened an office
in Singapore, appointed a new chief executive. The CEO is Gilbert
Van Hassel. He was also appointed chairman of the management
board of Robeco. Van Hassel has over 30 years of experience in
the financial services industry, mainly in asset and wealth
management, working in Europe, Asia and the US. Until 2013 he was
global CEO of ING Investment Management. Before joining ING in
2007 he made his career at JP Morgan in various executive roles
in Europe, Asia and the US. In his new role he took over from
Leni Boeren.
The Royal Institution of Chartered Surveyors, an institution
involved in the standards around the global property market,
appointed a new chairman in Hong Kong. Clement Lau serves for two
years. He was previously vice chair of RICS' board in Hong
Kong.
Fidelity International appointed Juliet Bullick from rival
investment management giant BlackRock as global head of
consultant relations. Bullick works with Fidelity International’s
institutional teams across the globe. Her regional reach will
include Asia. At BlackRock, Bullick worked for 18 years, holding
a number of roles including that of head of UK institutional
business. Bullick reports to Chuck McKenzie, who is global head
of institutional, Fidelity International.
Patricia Enslow, the head of marketing for Asia-Pacific covering
wealth management at UBS, left the firm. On an interim basis,
Lorraine Yee, the current head of wealth management marketing for
Greater China, stepped up as head of APAC. Yee reports directly
to Nicholas Wright.
Bank J Safra Sarasin hired Samai Natarajanhas as an
executive director to cover Southeast Asian markets, reporting to
Tan How Seng, who is market head for Indonesia. Previously,
Natarajanhas was a senior vice president at DBS, having joined
the bank as result of the takeover of Societe Generale Private
Banking in 2014. He had been at the French bank since 2010.
Bank J Safra Sarasin also hired Singh into its non-resident
Indian team in Singapore. Singh, who was previously a team head
at Bank of Singapore for six years, joined as an executive
director, reporting to Hena Hoda, managing director and team head
for Southeast Asia. Singh previously worked with Hoda at Bank of
Singapore.
BlackRock launched an Asia-focused absolute return fund that
takes long and short positions, targeting returns above what can
be captured by more traditional approaches. The fund is called
the (BSF) Asia Pacific Absolute Return Fund and is co-managed by
Oisin Crawley, portfolio manager and co-head of research for the
Asian equities team, and Andrew Swan, head of Asian equities at
BlackRock. They are supported by a team in Hong Kong and
Taiwan.
A former Indonesian desk head at UBS who left the Swiss bank in
May resurfaced as team head of Southeast Asia at RBC Wealth
Management. Duncan Ong joined the Canadian firm on 22 August. He
is based out of Singapore. In his new role, Ong is executive
director, team head. In this role he covers the Southeast Asia
market, reporting to Tho Gea Hong, who is head of wealth
management, Southeast Asia. Ong has a total of 18 years’
experience in the wealth sector.
Lyxor Asset Management, the fund house owned by Societe Generale,
appointed Laurent Renaud as its chief executive in Japan. He
replaced Toshiro Kubozono, who retired after nine years in the
role.
Based in Tokyo, Renaud reports to Lionel Paquin, CEO, Lyxor Asset
Management, and locally to Raphael Cheminat, group country head
for Japan at Societe Generale.
Deutsche Bank’s wealth management arm appointed Johnny Lau, who
previously worked at Standard Chartered, as a senior wealth
planner. At Standard Chartered, Lau was a director for fiduciary
services. He has also worked for HSBC Private Bank.
Bain & Company, which works in fields including wealth management
and financial services, named Weiwen Han as managing director of
its Greater China practice. He took the helm from Michael
Thorneman, who was MD of Bain Greater China for eight years and
returned to advise private equity and corporate clients in China
on strategy. The change in Thorneman's role, the firm said, was
part of its "servant leader" model in which partners regularly
rotate into leadership roles and then back to full-time client
work. Han is responsible for leading growth, operations, people
and brand strategy for the firm’s offices in Shanghai, Beijing
and Hong Kong. Most recently, Han was a partner in the firm’s
private equity practice and a senior member of its digital,
consumer products and retail practices. He is also actively
engaged in Bain’s "Developing Market 100" initiative.
Citigroup appointed Bryan Murphy as the Asia-Pacific head of
intermediaries client coverage for its direct custody and
clearing business. He took over from George Hindmarsh, who moved
to another role at the bank. Murphy is based in Hong Kong and
responsible for the sales origination and relationship management
for DCC clients in the region. He reports locally to Jeff
Williams, Asia Pacific DCC head, and globally to Marcus Austin,
global head of intermediaries, DCC at Citigroup.
Prior to this role, Murphy was based in Bangkok, where he served
as securities services head for the ASEAN (ex Singapore) cluster
for the past two and a half years. He has also had intermediaries
coverage roles in both Asia and EMEA for the US banking group and
held coverage end product roles for both Bank of New York Mellon
and Deutsche prior to joining Citigroup.
Man Group, the listed hedge fund business, unveiled a new
management line-up, including a new chief financial officer and
investment head. Jonathan Sorrell’s role as Man Group’s president
was developed to include a number of areas across the
business and he stepped down as CFO and focused alongside
Luke Ellis, chief executive, on strategic and commercial areas of
the business.
Mark Jones, former co-CEO of Man GLG, was appointed CFO and
executive director of Man Group. Sandy Rattray was appointed as
chief investment officer, taking on responsibility for Man AHL,
Man Numeric, Man GLG and Man Solutions. This was previously part
of Ellis’s role while he served as president of the firm.
Robyn Grew was appointed to the newly-created position of chief
administrative officer. Grew was previously Man Group’s general
counsel and global head of legal and compliance.
Man Group also unveiled changes at its discretionary fund
management business, Man GLG. Pierre-Henri Flamand was appointed
as chief investment officer. He works alongside Teun Johnston,
who remained CEO. Tim Wong, executive chairman of Man AHL and a
member of the Man Group executive committee, became chairman of
Man Group Asia. He took over the role from Pierre Lagrange, who
focuses on Man GLG’s ELS strategy.
Andrew Lee, market head of Indonesia at HSBC Private Bank, left
the firm. Lee, who was a managing director based out of
Singapore, held the role from July 2009. Prior to this, he was
market head, private wealth management for Malaysia and Thailand
business at Deutsche Bank for 10 years. From 1985 to 1998, he was
vice president, private banking, at Citi.
HSBC Private Bank appointed former Citi senior manager Chester
Wong as head of investor counselling and David Ng, former head of
HL Bank in Singapore, as head of ultra-high net worth investment
counselling. The pair work in the private bank's investment
services and product solutions group for Southeast Asia. Both
roles were newly-created.
Wong leads a team of investment counsellors in supporting
clients’ wealth management needs in the region, working with
relationship managers to provide advice on investment portfolio
construction and diversification. He reports to Kenneth Yeo, head
of investment services and products group for Southeast Asia.
Ng, meanwhile, was most recently head of private banking at HL
Bank Singapore and has held senior markets and investments roles
in global financial institutions including UBS Wealth Management,
Citigroup Private Bank and Banque Indoseuz Singapore.
Bank J Safra Sarasin hired Harpreet Singh into its non-resident
Indian team in Singapore. Singh, who was previously a team head
at Bank of Singapore for six years, joined as an executive
director, reporting to Hena Hoda, managing director and team head
for Southeast Asia. Singh previously worked with Hoda at Bank of
Singapore.
Vanguard Australia, part of US-listed fund management giant
Vanguard, appointed Ashley Warmbrand as head of legal and
compliance, taking over from a predecessor who has moved to
London. Warmbrand most recently served as head of risk and audit
governance at National Australia Bank, where he held a range of
senior legal and governance roles since joining in 2008. He has
over 15 years' experience in the financial and professional
services sectors including roles at Herbert Smith Freehills,
Clarendon Lawyers and Centro Properties Group.
BNP Paribas Investment Partners appointed Christian Bucaro as its
chief executive in Singapore, taking over from Puay-Lit Tan, who
left to pursue other interests. Bucaro reports jointly to
Ligia Torres, head of Asia-Pacific, and Tino Moorrees, head of
Asia sales. As part of the role, Bucaro is also responsible for
overseeing Singapore business interests, and driving local
strategy across all client groups. Bucaro joined BNP
Paribas Investment Partners in 2005 in Italy, where he set up a
retail business development team. In 2008, he moved to London,
where he held several senior roles such as head of UK offshore
business development and deputy head of global distributor
relationships. He joined the Singapore office in 2012 as team
head of distribution sales for Southeast Asia. He was appointed
head of private wealth for BNP Paribas Investment Partners,
Asia-Pacific in January 2014.
HSBC Private Bank appointed Roger Goetz as regional head of
advisory and sales management for the Asia-Pacific region,
joining from Credit Suisse. Goetz's role is an expanded role that
encompasses responsibilities for sales management and advisory in
Asia-Pacific. Based in Hong Kong, Goetz has 15 years of private
banking experience. His career includes more than 10 years in
multiple regional and global senior leadership roles at Credit
Suisse Private Banking. Prior to joining HSBC, he was global head
of digital relationship management strategy and experience at
Credit Suisse Private Banking. He earned an executive MBA from
the University of Chicago and a Master of Science from the
University of Zurich.
Indosuez Wealth Management, which was rebranded at the start of
the year from Crédit Agricole Private Banking, appointed Paul de
Leusse as chief executive. He replaced Christophe Gancel, who
stepped down earlier this summer. As CEO, de Leusse also joined
the extended executive committee of Crédit Agricole. The firm
said that de Leusse started his career in management consulting,
first as a consultant (1997-2004) then as managing partner of
Mercer Oliver Wyman (2004-2006). He subsequently joined the
consultancy firm Bain & Company as partner (2006-2009).
DBS Group appointed Shee Tse Koon as its group head of strategy
and planning. He joined from Standard Chartered, where he was
most recently chief executive of the lender’s Indonesia
franchise. Shee worked in banking in various roles for more than
22 years, working in Asia, the Middle East and the UK. A
Singaporean, he spent the early years of his career in trade
finance and corporate and institutional banking. Prior to his
posting in Indonesia, he was head of governance (Europe, Middle
East, Africa and Americas), based in the United Arab Emirates, as
well as chief information officer and head of technology and
operations for Standard Chartered in Singapore. Before this, he
was the executive assistant to Standard Chartered’s group
executive director for Africa and the Middle East, based in the
UK.
Unigestion, the Switzerland-based asset management house,
appointed Edouard Merette as non-executive chairman of its Asian
business. Merette is based in Singapore and took over from Bill
Foo, who was chairman for five years and stepped down. He
remained on the board. Prior to this role, Merette was managing
director, Asia-Pacific, for the Caisse de Depot et Placement du
Quebec, the Canadian fund manager.
Falcon Private Bank, the Swiss-based firm owned by Abu Dhabi’s
International Petroleum Investment Company and operating in Asia,
recruited industry luminary Walter Berchtold as its new chief
executive. He replaceed retiring CEO Eduardo Leemann. Berchtold,
who has been on its board since May last year, took over at the
start of October. Leemann remained at the bank as a senior
advisor. Berchtold has more than 30 years of experience in the
banking industry. He was named head of private banking of Credit
Suisse in 2004. In 2011 he gave up the operational responsibility
and continued to serve as chairman of the private banking
division.
The Monetary Authority of Singapore appointed to its board Ong Ye
Kung, acting minister for education and senior minister of state,
Ministry of Defence. Ong’s term of appointment will be from 29
August 2016 to 31 May 2019. Prior to his government roles, Ong
was director of group strategy at Keppel Corporation, overseeing
long-term strategic planning of the firm's activities. Before
this, he was deputy secretary-general of National Trades Union
Congress. Lawrence Wong Shyun Tsai, minister for national
development, stepped down from the board; he joined the MAS board
in June 2011.
Julius Baer established a new chief investment officer position
by hiring Bhaskar Laxminarayan. Based in Singapore, he also heads
the Asia IM division. Laxminarayan has over 23 years of
experience in multi-asset investing in Asia. He joined from
Pictet Wealth Management where he was CIO as of 2007, responsible
for investment strategy in Asia.
Singapore’s stock market got a new chairman in the person of Kwa
Chong Seng, who took the helm from Chew Choon Seng. Chew retired
after SGX's annual meeting. He joined the board in December 2004
and has been chairman since January 2011. Kwa, meanwhile, was
elected to the board in September 2012. He was appointed lead
independent director in December 2013, and has been the chairman
of the nominating and governance and the remuneration and staff
development committees since September 2013.
ASK Wealth Advisors, part of India-headquartered ASK Group,
brought in four senior executives from the private banking
division of Citibank in various positions. The joiners were
Prakash Bulusu, Raghav Gupta, Vidushi Tandon and Amit
Srivashtava. Bulusu has reportedly previously worked at Principal
PNB Asset Management Company and Zurich Asset Management; Gupta
joined Citibank in 2006 from Kotak Mahindra Bank to set up the
private banking arm in North India. He has also worked at JM
Morgan Stanley and ANZ Grindlays. Tandon, a vice president at
Citi’s private bank, worked at Citi for six years; prior to this,
he worked at the wealth management arm of HSBC. Srivashtava
managed investments at Citi for around eight years and has worked
previously for firms such as HDFC Bank, Barclays, IDBI Bank, and
Kotak Mahindra Bank.