UK moves

One of the biggest sets of moves took place at the wealth and investment arm of Barclays. It appointed Peter Horrell as its chief executive, having held the role on an interim basis since 1 May this year. Horrell reports to Antony Jenkins, CEO for the entire UK-listed banking group. When he took on the role this year following the retirement from the position of Tom Kalaris, Horrell was given the job exploring ways of working more closely with the corporate and retail banks as a platform for future growth.

The announcement followed some high-level changes at the wealth management operation. Emmanuel Fievet and David Semaya left the firm. Fievet, who has been head of wealth management UK and Europe, has decided to leave Barclays after five years in senior management roles. Henry Fischel-Bock replaces Fievet. Semaya, meanwhile, departs after starting his career at Barclays in 2004, leading and growing Barclays Global Investors Japan.

Stefanie Drews, the head of key clients and family offices, left Barclays’ wealth and investment management business, having the joined the UK-listed firm in September 2010, joining from Morgan Stanley. It is understood that Drews’ responsibilities have been picked up by the team at Barclays.

City Financial Investment, the London-based independent fund manager, appointed Peter Toogood as an investment director and Gill Hutchinson as head of investment research. Toogood and Hutchinson have a combined 35 years’ experience in fund research and consultancy. They left Morningstar OBSR where Toogood was an investment services director and Hutchinson served as head of investment consultancy.

Schroders appointed Craig Botham as emerging market economist in its global economics team, reporting to chief economist Keith Wade. He joined Schroders in June 2013, focusing on the monitoring and analysis of emerging market economies. Schroders appointed Mark Lacey as a co-fund manager on the Schroder ISF Global Energy and Schroder ISF Small Cap Energy funds. He reports to global head of equities Peter Harrison. He has over 17 years’ of investment experience in the global energy sector and joins from commodities trader Mercuria Global Energy Solutions.

The firm also appointed Divyesh Hindocha as global head of product and defined contribution. Reporting to executive vice-chairman Massimo Tosato, Hindocha took over the role from Gavin Ralston, who has covered the position on an interim basis since his promotion to head of official institutions last year. Hindocha joined from global financial services consultancy Mercer, where he was senior partner and global director of consulting, responsible for Mercer’s strategic research capabilities globally.

ETF Securities appointed Liz Wright as UK IFA sales director, reporting to Frank Spiteri, head of retail distribution strategy. Wright is responsible for promoting the use of ETPs and the IFA client base. Wright was most recently at Barclays Wealth Management working within the group’s investment management and wealth intermediaries divisions.  Prior to this, she worked for UBS Wealth Management.

The World Gold Council, the market development organisation for the gold industry, elected Randall Oliphant as its new chairman, succeeding Ian Telfer. Oliphant is executive chairman of the Canadian gold producer New Gold and has worked in the industry for almost 30 years.

Rathbone Unit Trust Management added Ben Johnson as an associate sales director, with responsibility for client relationships and sales in the South West, South Wales and the Midlands. Johnson reports to Rathbones’ sales director, Greg Mullins at the firm’s London headquarters. Most recently Johnson served in a similar role at AXA IM. Before that, he was at Hargreaves Lansdown, where he joined the graduate trainee programme and progressed to the role of investment consultant.

Legal & General said Chris Last, chief executive of investment platform Cofunds,  decided to retire at the end of October after over 40 years at Legal & General.

Legal & General appointed David Hobbs to replace him, subject to Financial Conduct Authority approval. Last became chief executive of Cofunds in May, following the acquisition by Legal & General.

Smith & Williamson appointed Andrew Sykes as chairman of the board and David Cobb and Kevin Stopps as co-chief executives. The changes were prompted by the planned retirement of Gareth Pearce following 27 years with the group. Sykes joined the board in 2004 and was appointed deputy chairman in 2008. Before this, he was an executive director at Schroders. Cobb and Stopps both joined the firm over 25 years ago. Cobb became head of investment management and banking in 2007 and Stopps took the lead for the tax and business services division in 2010.

Kames Capital, the UK asset management arm of Aegon, appointed Martin Davis as chief executive officer. He replaced interim chief executive Sarah Russell.

Davis has more than 20 years’ experience in financial services, most recently as chief executive of Cofunds, where he oversaw the platform’s transition through the UK Retail Distribution Review.

ECM Asset Management, the fixed income and credit manager which is owned by US giant Wells Fargo, appointed Chris Telfer as specialist portfolio manager. Telfer trades financials and sovereigns across ECM’s strategies, reporting to Ross Pamphilon, co-chief investment officer and portfolio manager. Telfer began his career at Morgan Stanley working on the convertible bonds desk. Before joining ECM, Telfer spent three years as a credit trader at Barclays Capital.

Natixis Global Asset Management, part of the French asset management group Natixis, appointed Matthew Shafer as managing director of UK retail and global key accounts, reporting to Hervé Guinamant, president and chief executive of Natixis Global Asset Management - international distribution. He replaced his predecessor Ed Farrington, who is moving to a new role in the firm’s Boston office. Shafer joined from Merrill Lynch, where he was head of EMEA Sales, offshore funds, alternative investments and managed products.

Aberdeen Asset Management's chief executive Martin Gilbert was appointed to the new Financial Services Trade and Investment Board, set up by the UK government to promote the financial services industry. The board was established by the Chancellor in the 2013 Budget as part of the government’s drive to promote external trade, attract inward investment and lift market access barriers for the UK’s financial services sector. Five independent external members will also join the board, including Ana Botin, chief executive of Santander UK, Douglas Flint, chairman of HSBC, Martin Scicluna, chairman of RSA, and Xavier Rolet, chief executive of the London Stock Exchange Group.

Arbuthnot Latham appointed Richard Kay as a senior private banker attached to the media and entertainment team. He joined from Coutts, where he was one of the founding bankers of Coutts’ sports and entertainment team, specialising in the areas of music, television, film and theatre.

Weatherbys Bank appointed Duncan Gourlay as its first Scotland-based private banker. Based in Edinburgh, Gourlay provides core banking services to Weatherbys’ clients in Scotland, as well as its investment service which operates through a panel of discretionary fund managers. He joined from Barclays Wealth, where he was a senior private banker.

UK law firm Brown Rudnick appointed Sophie McGrath and Peter Bibby as partners at its London office. McGrath will work with Brown Rudnick's corporate team, focusing on the life science, technology and cleantech sectors. She joined from Morrison & Foerster, where she worked primarily on the venture capital and private equity sectors. Bibby joined the firm’s international white collar and investigations practice, which has doubled in size in the last 12 months following several senior appointments.

Swiss banking group SYZ & CO appointed Ian Penrose as distribution director for the UK. Penrose joined SYZ Asset Management from Barclays Capital Funds & Advisory, where he was responsible for leading distribution of Barclays’ range of UCITS III funds to UK fund buyers, including funds of funds, discretionary wealth managers, advisory IFAs, networks, nationals, life insurers and platforms. Before that, he served at Gartmore Investment Management as account director and sales manager for five years.

Rowan Dartington, the discretionary wealth manager, opened a new office in Exeter as part of its continued expansion in the south west. The Bristol-based independent wealth manager brought in Mike Townsend to head up the new location. Townsend, with more than 35 years’ experience across wealth management, joined Rowan Dartington from Coutts, including trust and estates, financial planning, investments and private banking.

Investec Wealth and Investment, part of UK and South Africa-listed Investec, appointed John Wyn-Evans as head of investment strategy. Wyn-Evans, with nearly 30 years’ experience in financial services, began his career at Fielding Newson-Smith before moving to Smith New Court (subsequently Merrill Lynch), where he worked in London and New York as a director of UK and European equity sales.

In 1999 he joined Lehman Brothers as executive director, UK and European equity sales before moving to Nomura in 2008 in the same position. Most recently he served as a consultant to Troy Asset Management, developing thematic research on economics, strategy and asset allocation.

Matthews Asia appointed Simon Dale to the newly-created role of senior vice president, head of European business development. Dale, with more than 20 years’ experience in the retail financial services industry, previously spent 12 years as a UK sales manager at Invesco Perpetual, where he directed the activities of the UK retail sales team. Based in London, he reports to Jonathan Schuman, head of global business development.

Coutts appointed Stephen Eales as an executive director, chief operating officer for banking, credit and treasury products. Eales succeeded Donna Francioni who was appointed as the firm’s new head of banking products. Francioni takes international responsibility for all banking products across the wealth division and both the current day to day banking, and cash management product teams report to her.

Eales, with more than 25 years’ experience gained from a number of financial institutions, most recently served as a senior risk manager in strategic risk and ERM at Deutsche Bank.

Canadian-headquartered firm Canaccord Genuity Wealth Management appointed Andy Finch as head of wealth management in Guernsey. Finch reports to chief executive Grahame Lovett and replaces Charlie Roger. Finch has been at the firm for over a decade and is responsible for running the Guernsey front office and promoting Canaccord Genuity’s wealth management services to local and international clients.

Norwegian fund manager SKAGEN appointed Hilde Jenssen as a portfolio manager to its emerging markets equity fund, the SKAGEN Kon-Tiki fund. Jenssen has almost two decades of capital markets experience and joined from Skyview Investment Advisors in the US.

Julius Baer appointed Mazy Moghadam to its London office, working as a senior relationship manager, holding the rank of managing director senior advisor.

Formerly, Moghadam was a managing director in the private client services group at Bear Stearns in London. Before Bear Stearns, he was an executive director at Goldman Sachs and an associate in mergers and acquisitions at Morgan Stanley in London.

Misys appointed Frank Brienzi as its new president and chief sales officer, a newly created role. Brienzi previously worked at Oracle as senior vice president and general manager of Oracle Financial Services.

London-based property fund manager Mayfair Capital Investment Management appointed Frances Ketteringham as director of research and investment strategy. Ketteringham was previously an associate director at Jones Lang LaSalle, where she spent six years as part of the Europe, Middle East and Africa research team, focusing initially on the office sector, before specialising in capital markets.

Investec Wealth and Investment expanded its Glasgow office with the appointment of four senior investment professionals. Alastair Cumming, Clifford George, George Hunt and David Paterson joined IW&I from Barclays in Glasgow, having previously been part of the Gerrard business before it was acquired by Barclays in 2003.

Global accounting firm EY, which changed its brand name from Ernst & Young earlier this year, appointed Sheila Nicoll, the former director of conduct policy at the Financial Services Authority, to its asset management practice as a senior advisor. She announced her resignation from the FSA in January this year and left when it became the Financial Conduct Authority in April.

AXA UK, part of the French-listed AXA group, appointed Bertrand Poupart-Lafarge as chief financial officer. He replaced Jean Drouffe, who took up a leadership position in AXA France. Poupart-Lafarge joined AXA in 1996, holding several positions in investments before taking charge of the department in 2003.

Miton Group appointed Giles Robinson as regional sales manager covering wealth management accounts in London, the southeast region and the Channel Islands.

Robinson previously served at Cazenove Capital Management where he was a discretionary sales manager for London, the South and the Channel Islands - a position he held since 2007.

The ECU Group, a currency management firm headquartered in the UK, appointed Elisabeth Silva to the newly created role of manager, client development. Silva joined from Frontier Investment Management, where she was a relationship manager serving as the central point of contact with retail and small institutional clients, family offices and charities. 

Fidelity Worldwide Investment said Allan Liu was stepping down as manager of the UK-domiciled Fidelity South East Asia Fund at the end of the year. He was due to be replaced by Teera Chanpongsang, effective 1 January 2014. The firm also said Sanjeev Shah was stepping down as manager of the Fidelity Special Situations Fund, to take up a new role training new managers. Shah was due to be replaced as manager of the fund by Alex Wright on 1 January 2014.

Miton Group, the UK-based fund manager, appointed David Barron as director of investment trusts and product strategy. Barron, with more than 30 years’ experience in the financial sector, was previously at JP Morgan Asset Management, having joined Fleming Investment Management in 1995.

iShares, the exchange-traded funds platform of BlackRock, appointed Grant Davies as director of the client execution sales team for Europe, Middle East and Africa.

Davies has 22 years of capital markets experience and joined from JP Morgan Chase, where he led the firm’s collateral management relationship management sales teams for EMEA from November 2008.

Rosalyn Breedy and her UK-based law firm Breedy Henderson joined Forsters, another law firm. As part of the move, Breedy relocated to Forsters' offices at Hill Street, London. Forsters has 43 partners and 230 members of staff and serves corporate and institutional clients.

AXA Wealth appointed Alistair Welham as the new head of marketing to help drive the company’s traditional and digital marketing strategy. Reporting to David Thompson, managing director of Elevate, Welham is responsible for digital marketing, with a specific focus on the Elevate platform. His most recent role was with Virgin Money, where he was in charge of customer marketing.

Legal & General Investment Management appointed Justin Onuekwusi as a fund manager. Onuekwusi joined LGIM’s 18-strong strategic investment and risk management team, which specialises in multi-asset solutions and pooled funds, from Aviva Investors where he was lead manager on a range of the firm’s risk-targeting multi-asset funds.

EFG Bank, EFG International’s principal Swiss subsidiary, appointed a former top banker at BSI, Jean-Louis Platteau, as head of private banking in Geneva. He reports to John Williamson, group chief executive, in the latter’s capacity as chief executive officer, EFG Bank. The Geneva position had been left vacant following the departure of Ludovic Chechin-Laurans, who had been head of private banking, Switzerland. Chechin-Laurans is moving to the Bahamas to start a new business venture but continues to collaborate with EFG International.

Jean-Louis Platteau was formerly head of private banking Switzerland (Romandie), and Geneva branch manager, for BSI. Before that, from 2008-2011, he was CEO of private banking, and member of the executive board, at Banque Cantonale de Genève. Earlier roles included those of CEO of Dexia Suisse and various client facing positions in Europe as well as Asia.

The Swiss government appointed high-ranking diplomat, Ambassador Jacques de Watteville, as the State Secretary for International Financial and Tax Matters in the Federal Department of Finance. He succeeded State Secretary Michael Ambühl, who takes on a negotiation and conflict management professorship at the Swiss Federal Institute of Technology in Zurich.

Bank J Safra Sarasin added four managers to its asset management team, including a new head of its equities team.

Florian Esterer is the new head of asset management equities; he was joined by Thomas Zbinden, who is senior portfolio manager and Christoph Lang, taking up the role of portfolio manager. Helmut Kotschwar appointed to the new role of head of investment centre.

The grand council of the Kantonalbank in Basel, Switzerland, elected the senior finance professional Michel Rusterholtz to its board of directors. An election was held to replace a vacant seat in the board of directors for the Basler Kantonalbank.

Esterer joined from MainFirst, where since 2011 he was a senior portfolio manager for global equities. Kotschwar joined from SAM Sustainable Asset Management, where since 2008 he was senior investment strategist and head of portfolio analysis.

Zbinden joined from Swisscanto, where since 2007 he was senior portfolio manager.

Lang joined from Zurich Kantonal Bank, where since 2010 he was a senior quant portfolio manager.

Nerine Group of Fiduciaries, part of financial services provider Nerine Group, appointed Walter Ferrari to the role of finance director in its Geneva office.

Ferrari, with more than 25 years’ professional experience within the finance industry, served a number of international finance companies, and was also a senior member of staff for a private family office where he was responsible for their accounting and finance requirements.

Europe

Deutsche Bank appointed Boris Liedtke as chief country officer for Luxembourg, taking over from Ernst Wilhelm Contzen, effective 1 January 2014.

He reports to Stephan Leithner, chief executive officer Europe (except Germany and UK) of human resources, legal, compliance, government & regulatory affairs. Liedtke has worked for the German bank for almost 20 years.

Liechtenstein-headquartered VP Bank Group said Max Katz has decided to leave its board of directors. A candidate to replace Katz will be proposed for election to the board at the annual general meeting of shareholders, due for 25 April, 2014. Katz left the board for personal reasons.

Schroders appointed Pieter Dalderop as head of institutional clients for Netherlands, Belgium and Luxembourg. Dalderop joined from Royal Bank of Scotland in London.

Danske Bank replaced its chief executive officer Eivind Kolding, who is resigning today, effective immediately. Thomas F Borgen was appointed as the new chief executive officer.

Mirabaud appointed ​​Xavier Busquets Romagosa as regional director of asset management in Catalonia, and Raul Ibanez Nieto, as wealth management director. Both men are based in Barcelona. Xavier Busquets Romagosa accredits more than 15 years experience in the financial sector, mainly with Banco Santander, where he served as deputy director of private banking, focused on ultra high net worth individuals. Raul Ibanez Nieto has worked at Mirabaud Popular Private Banking; serving as a director in Barcelona since 2008. He previously worked at Santander Private Banking and Banking Sabadell.

Rothschild appointed Christian Muller and Thomas Kunz to its wealth management business, with effect from 1 March 2014. Muller and Kunz will join to create a new team whose focus will primarily be on advising Swiss domiciled clients with international interests. Both report to Riccardo Petrachi, co-head private clients, Zurich.  The duo join Rothschild from UBS where they have served for more than 12 years.

Jersey-based GoldMoney, an online provider of trading and storage facilities for physical precious metals, appointed Martyn White as head of European business development. White, with more than 15 years’ experience in senior roles, previously served at two offshore law firms in Jersey.

KBL European Private Bankers hired Stefan Van Geyt as the group chief investment officer, based in Luxembourg. Van Geyt works with both the senior management of the group and local chief investment officers across KBL’s pan-European network, as well as developing client products and discretionary mandates.

Prior to joining the firm, he served as director of investments at BNP Paribas Fortis in Belgium.

Tikehau Group, the Paris-based investment manager, appointed Cécile Mayer-Levi, based in Paris, and Patrick Marshall, based in London, to its private debt team.

The team is headed by Mathieu Chabran, co-founder of the Tikehau Group.

Mayer-Levi, with more than 26 years’ experience in financing investment and corporate finance, began her career at Merrill Lynch in the corporate finance department, and M&A in Paris and New York.  Marshall, with more than 17 years’ experience in credit, risk management and loan portfolio management, including leveraged loans and distressed debt in London, began his career at PWC then Société Générale and NM Rothschild & Sons.

BNY Mellon named Eric Pulinx as chief financial officer of its European banking entity, called The Bank of New York Mellon SA/NV. He joined after four years with bpost Bank (Belgian Postal Bank), where he was latterly CFO, chief risk officer and a member of the executive committee. Previously he spent over 10 years with KPMG.

The Stonehage Group, a European multi-family office for ultra high net worth families and entrepreneurs, hired Simon Clark as managing director of group services.

In his new role, Clark is responsible for Stonehage’s compliance, information technology, human resources, facilities and change management teams. He joined from investment manager ACPI, where he was chief operating officer.

Middle East and Africa

Societe Generale Private Banking appointed Vincent Combes as global market manager for Africa, replacing Jean-Paul Rame. Combes joined SocGen’s private bank in 2000, serving in various roles until he was named global market manager for commodities private wealth in 2012. He began his career in 1992 at the Inspection Generale of Indosuez Bank, before joining Pricewaterhouse Coopers and then SG Consulting, Societe Generale Group’s internal consulting department.

The Kuwaiti investment firm, Global Investment House, made Raul Biancardi an executive vice president, as he joined Global to head its asset and wealth management businesses. Having served as a top executive for regional and international financial institutions including NCB Capital, Lehman Brothers, Deutsche Bank, and Morgan Stanley, he has covered investment banking and wealth management across Latin America, Europe, Middle East and Africa.

Latin America

JP Morgan recruited Edinardo Figueiredo from UBS to head its Brazilian private banking business, based in São Paulo. Figueiredo reports jointly to José Berenguer, Brazil senior country officer of JP Morgan, and Chris Harvey, head of private banking for Latin America. Figueiredo latterly served as chief executive of UBS's Brazil wealth management business, having previously worked at Banco Itau - most recently as CEO of the firm’s private banking business in Luxembourg and Switzerland. He has also held senior positions focusing on investment products at BankBoston and ABN AMRO in Brazil.

Asia-Pacific

North America

Nashville, TN-based Avenue Bank hired Jennifer Shepard as a vice president and private client banker, while it brought in Stuart Hunter to support the new medical and professional private banking unit. Shepard has more than 20 years of banking experience working at Regions Bank. Hunter, meanwhile, joined as a banking assistant from SunTrust, where he has served in a similar role since 2007. 

Calamos Investments, announced the departure of James Boyne, president and chief operating officer, effective September 30.

Greenwich, CT-headquartered investment advisory firm, Cedar Ridge Partners, made three hires within its investment management team. Pascal Roduit joined as director of risk management and he will also be member of the investment committee. He was previously at New York-based fund-of-hedge-funds manager Rock Maple Funds, where he was the chief risk officer and the director of quantitative research. Daniel Keating and Stett Trippe also worked at Rock Maple Funds and joined the portfolio management team and the investment committee.

Chicago, IL-headquartered Ziegler, an investment bank and full-service brokerage firm, appointed Justin Frys as a senior vice president and branch manager of Ziegler’s Minnetonka, MN, office. Frys, with more than 15 years of advisory experience, has worked in the areas of asset management, retirement preparation, investment planning and insurance planning, having held positions at several Wall Street and boutique investment firms. 

Brokerage firm Stifel, Nicolaus & Co added financial advisor Stephen Knudson as a first vice president of investments within the its Billings, MT, private client group.

Knudson spent the last 20 years at Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management), where he served clients who had $112 million in assets.

The firm also made two hires in Ohio and Pennsylvania from Robert W Baird and Janney Montgomery Scott. In Conshohocken, PA, Mark Kaskey, W Jason Beard and Robert Cellucci joined the private client group from Janney, while Joshua Weiland joined the Dayton, OH, office from Baird.

New York-listed Heartland Financial USA named Bryan McKeag as its new chief financial officer following the departure of John Schmidt in July. Schmidt left the firm to become CFO at another company outside of the financial services industry.

McKeag starts his new role on September 23, 2013, reporting to Lynn Fuller, Heartland’s chairman, president and chief executive. He will have oversight of all corporate finance, accounting and investment operations of the company.

McKeag most recently served as executive vice president – corporate controller and principal accounting officer for Associated Banc-Corp.

Corning, NY-based Market Street Trust Company, the multi-family office, appointed Christian Girts as director of client service, reporting to Beth Landin, vice president of client and strategic relationships. Girts manages high net worth client relationships for both individual and trust accounts. He works with individual and family group clients on financial and estate planning and advise clients on fiduciary issues. Prior to joining Market Street, Girts was a financial advisor with Wells Fargo Advisors in Scranton, PA.

RBC Wealth Management added Brian Post, senior financial associate, to the Eagle, ID, office, where he joined the King Miller Barrios & Boe Investment Group.

Post is responsible for trading and the management of client portfolios, in addition to being a member of the investment committee. Prior to joining RBC Wealth Management, he was a senior research analyst at Roth Capital Partners in Newport Beach, CA, where he developed and led the firm’s small-cap mining and resources research practice.

San Francisco, CA-headquartered Union Bank hired Melissa Gough as a regional director of its private bank unit. Gough will manage private banking activities across the Central Coast, working with wealth management teams in Montecito and in Santa Barbara, Monterey and Ventura counties. Gough is based in Santa Barbara and reports to senior vice president and Central Coast regional managing director Leo Hamill.

GoldenTree Asset Management appointed Brian Marshall as managing director in the firm’s business development group, based at GoldenTree’s New York headquarters. Prior to joining GoldenTree, Marshall was a managing director in structured credit products at Barclays Capital, a position he held since 2008.

Philadelphia-headquartered Lincoln Financial Group appointed two investment management executives to fill newly-created positions. Andrew Yorks joined as senior vice president, serving as the head of markets and investment strategy, while Scott Pelkola joined as senior vice president and head of fixed income. Both report directly to Ellen Cooper, executive vice president and chief investment officer of the investment management group.

Nashville, TN-based wealth management firm Truxton Trust appointed John Diffendal as vice president and portfolio manager to its wealth management team.

Before joining Truxton, Diffendal was a managing partner and senior securities analyst with BB&T Capital Markets. Prior to this, he was a partner with JC Bradford & Company in Nashville, where he served as director of research.

BBVA Compass named William Helms, who previously led the firm’s wealth management business, as vice chairman of the board of directors. Helms previously oversaw BBVA Compass’ private banking, asset management, international wealth management, broker-dealer activities and registered investment advisors. Jeff Talpas, a member of the bank's management committee who has overseen the retail line of business, leads the newly-combined wealth and retail banking group.

Lewiston, NY-headquartered Princeton Equity Partners, the independent financial services firm, launched an office in Austin, TX. The firm provides financial services including tax-aware investment strategies, investment management, retirement planning strategies and wealth management.

The Denver, CO-based Financial Planning Association appointed Edward Gjertsen as its 2014 president-elect for a one-year term. Gjertsen’s term as president-elect begins on January 1, 2014, succeeding incoming FPA 2014 president Janet Stanzak.

CliftonLarsonAllen Wealth Advisors, a wholly-owned subsidiary of CliftonLarsonAllen, named George Hostal as a senior wealth advisor in Phoenix, AZ.

Hostal has nearly 20 years of experience in the financial services industry and specializes in investments. He began his career at Bank One Trust Company.

New York City-headquartered Cohen & Steers hired Vince Childers to lead the firm’s real assets investment strategies. This was a newly created role. Childers joined from AllianceBernstein, where he co-managed $2.3 billion in real assets investment strategies, including the AllianceBernstein Real Asset Strategy Fund.

A former New Jersey-based Morgan Stanley Wealth Management advisor team – The Rasweiler Group - joined UBS in Florham Park, NJ. The group has $4.8 billion in assets under management and a T-12 production of $10 million. Members include: John Rasweiler, John Cusate, Jack Riley, Micheal Jordao, Jesse Kent and William Burke.

Florida-headquartered FineMark National Bank & Trust added private bankers Christina Lunsford, Terri Caple and Patrick Kellard to its Naples office, according to local media. Lunsford joined FineMark as a relationship banker, having previously worked as a vice president at Gibraltar Private Bank & Trust. She has also been a private banking officer for Northern Trust Bank of Florida, as well as at SunTrust Bank. Caple also joined as a relationship banker. Prior to joining FineMark, Caple was a private banking manager and senior vice president at M&I Bank.

The Private Client Reserve of US Bank appointed Scott Fitzgerald as wealth management advisor in New York, among several other hires. Fitzgerald, with more than 11 years’ financial experience, joined the PCR from HSBC, where he served as a senior relationship manager. He previously held the role of relationship manager at City National Bank, and personal banker - managing affluent client relationships - at JPMorgan Chase.

The firm also hired Ruth Granen as a vice president and personal trust relationship manager in Seattle, WA, while Tina Cain was appointed vice president and trust officer in St Paul, MN, and Christopher Kurimay joined as a wealth management advisor in Chicago, IL. Earlier in the month it appointed Amy Kane as a senior family wealth advisor in Denver, CO, while naming Christopher Turoci as a wealth management advisor in Los Angeles, CA.

BBVA Compass, the Sunbelt-based subsidiary of Spain’s BBVA, hired Mark Chiappara as a senior private banker in its US private wealth management unit.

In his new role, Chiappara will serve ultra high net worth clients and select private institutions in the US. Prior to joining the firm, Chiappara held senior positions at Deutsche Bank, Bank of America, Lehman Brothers and Goldman Sachs.

Dallas, TX-based Tolleson Wealth Management, which serves ultra high net worth families, promoted Philip Durst to chief investment officer. Prior to joining Tolleson, Durst served within the investment management divisions of both INVESCO and John McStay Investment Counsel in Dallas.

The Texas- and Massachusetts-headquartered wealth management solutions company, Placemark Investments, added two new vice presidents to its investment advisory solutions team. Scott Smith and Michelle Barbiere joined the company's development team in furthering the firm’s unified managed account platforms for independent advisors. They will be based in Chicago, IL, and Evergreen, CO, respectively. Smith has 15 years of experience in financial services, having previously served as vice president of sales at Fidelity Institutional Wealth Services, and as relationship manager at Schwab Advisor Services in New York City. Barbiere has 21 years of experience working with RIAs and fund managers, including positions as vice president of business strategy at Merrill Lynch and relationship manager at Schwab Advisor Services.

Scottsdale, AZ-headquartered Gentry Wealth Management hired two wealth advisors, Dave Humphrey and Taiya Thompson, in Las Vegas, NV. Humphrey, with nearly 20 years’ experience working with high net worth families, specializes in retirement planning, wealth preservation, and estate planning. Prior to joining Gentry Wealth Management, Humphrey spent 18 years with Fidelity Investments. During his tenure with Fidelity he worked in Utah, RI, New Hampshire, and Nevada.

Thompson has more than 16 years’ experience in financial services and previously worked within Fidelity’s private client group - as vice president and senior account executive.

Calamos Investments appointed two co-portfolio managers, Jeremy Hughes, and Chris Langs, to its investment team. Hughes and Langs worked together at Aviva Investors overseeing high-yield assets and join Calamos with more than 40 years of combined investment experience.

The Securities and Exchange Commission named Eun Ah Choi as managing executive of the Division of Investment Management. Choi serves as the division’s point person on a range of business, operational and administrative functions. 

She joins from Washington, DC-based law firm Hogan Lovells.

New York-headquartered Fiduciary Trust Company International promoted Carin Leong Pai to executive vice president and director of equity management, while also making two senior hires. Pai has been with the firm since 1996 and now oversees its team of equity portfolio managers while managing client portfolios. Amy Kong joined the firm as managing director and senior portfolio manager of equity management, responsible for managing equity portfolios for individuals, families and institutions.

Kong was previously a senior portfolio manager at US Trust.

Birmingham, AL-based Sterne, Agee & Leach, a privately-owned investment banking and brokerage firm, established a four-strong emerging markets group, based in New York. Mario Rappoport, Harry Wool, Mike Santiago and David Cortes have over 40 years of combined experience in sales and trading of emerging market fixed income products.  

Rappoport, managing director of trading, previously worked at Bear Stearns and Jefferies, responsible for trading and selling EM products – primarily in Latin America and Eastern Europe. Wool, also managing director of trading, launched the EM debt group at Miller Tabak. There, he focused on Latin America, Eastern Europe, the Middle East, African and Asian markets. Santiago, senior vice president of sales, started the EM group at Jefferies. He previously held senior EM sales roles at Wachovia Securities, Prudential Securities and Lehman Brothers. Cortes, senior vice president of sales, worked at various Brazilian institutions such as Banco BTG Pactual and Banco Itau, trading and selling Brazilian EM debt to institutional clients.

Raymond James made David Patchen, a regional director for the firm’s independent broker/dealer, Raymond James Financial Services, senior vice president of education and practice management within the private client group, with effect from September 1. Prior to his regional management role, Patchen was a financial advisor and recruiter for RJFS.

BMO Private Bank hired Julianne Getty as a senior private banker in Chicago, IL. Getty, who has worked in Chicago her entire career, focuses on business development and the relationship management of high net worth clients. She is based in downtown Chicago and joins a team of over 30 BMO Private Bank professionals serving the Greater Chicago Area. BMO Private Bank also appointed Michael Mihm as vice president and senior financial planner in Wisconsin. Based in Milwaukee, Mihm will serve clients throughout southeast Wisconsin. 

Virginia-based Cardinal Bank promoted William Mundy as senior vice president and executive managing director of Cardinal Wealth Services. Mundy joined Cardinal in 2010 as managing director of CWS.

Evercore Wealth Management, a subsidiary of Evercore, appointed Jewelle Bickford as partner and wealth advisor. Bickford based at the firm's headquarters in New York and report to Jeff Maurer, chief executive of Evercore. She joined from GenSpring Family Offices, where she served as a senior strategist.

Janney Montgomery Scott, the Philadelphia, PA-headquartered wealth management and investment banking firm, appointed Peter Price as senior vice president/complex manager of the firm’s Maine and New Hampshire complex. Price, with nearly 30 years of financial services experience, began his career in 1984 as a managing director at Livada Securities.

Market Street Advisors, a technology and services firm which targets the investment management industry, recruited Emil Polito as chairman of its advisory board.

Polito was formerly a senior managing director and partner at American Independence Financial Services, where he was head of the firm’s private wealth management division.

Deutsche Asset & Wealth Management, made a number of senior hires in recent weeks, announced that former senior Credit Suisse executive Felipe Godard will join as a managing director and head of wealth management, Latin America, effective October 1. Godard will be based in Geneva and report to Haig Ariyan and Chip Packard, co-heads of wealth management, Americas, and into the executive management board of the Swiss banking entity, chaired by Marco Bizzozero, CEO, Deutsche Bank Switzerland, and head of wealth management for Europe, the Middle East and Africa. At Credit Suisse, Godard was head of advisory, solutions and investments for the Latin American Private Bank.

New York-listed Envestnet, a provider of wealth management technology and services to financial advisors, added Cynthia Egan to its board of directors.

Egan most recently served as president of retirement plan services at T Rowe Price, having retired in December last year. At T Rowe, Egan was also a member of the Operational Steering Committee; a board member of the T Rowe Price Trust Company; and chair of the T Rowe Price Women’s Roundtable. Egan previously spent 18 years at Fidelity Investments.

BMO Private Bank, part of BMO Financial Group, appointed Michael Mihm as vice president and senior financial planner in Wisconsin. Based in Milwaukee, Mihm serves clients throughout southeast Wisconsin. In other recent hires at the firm, earlier in the year BMO Private Bank added Bill Sperling, Patricia Bostrom and Bill McAleer to its local advisory board in Seattle, WA.

Baird hired four veteran financial advisors within its private wealth management group in Chicago, IL, Baltimore, MD, and Edina, MN, with combined assets under management of $330 million. In Chicago, the Andersen Group has $165 million in AuM and is comprised of Richard Andersen, senior vice president, and Eric Andersen, vice president. Dan Phillips, senior vice president, joins Baird in Edina with $105 million in AuM, while further East in Baltimore John Huynh, vice president, joined with $60 million. The Andersen Group and Phillips are latterly of UBS Financial Services; Huynh is formerly of Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management). 

Focus Financial Partners added Grand Rapids, MI-based investment advisor, LaFleur & Godfrey, to its roster of wealth management firms. LaFleur & Godfrey has around $400 million in client assets.

Mercer Island, WA-based wealth management firm Paracle Advisors hired Cherish Sutull as a financial advisor. Cherish has around 15 years of experience in the financial services industry and most recently served as an investment advisor at Harris myCFO, providing investment strategy and advice to ultra high net worth families.

Bank of America Merrill Lynch recruited a new advisory team from Wells Fargo in the shape of Paul Akre and Laurie Tebon. Akre, who joined Wells Fargo in 2003, previously worked at Morgan Stanley for three years and before that at Merrill Lynch for nearly two decades.

In a move to expand the firm’s East coast presence, TD Wealth Private Client Group, the wealth management unit of TD Bank, made three senior appointments to its' private banking offices. Steven C. Truitt and Sherry A. Varrelman were hired as senior vice president and regional wealth leader for the Metro DC region and for the Pennsylvania, Southern New Jersey and Central New Jersey Region respectively, while Michael Iacobucci was promoted to senior vice president and regional wealth leader for Northern New England.

Truitt has 30 years of banking experience. Prior to joining TD Wealth, he served as senior vice president and managing director at SunTrust Private Wealth Management, where he led the Northern Virginia/ Washington, D.C., regional wealth services team.

Varrelman has served in the Wealth Management Group of BNY Mellon as managing director and market president for New Jersey, having previously worked in a similar role at Wachovia. Iacobucci has been promoted from his position as a relationship manager for TD Wealth in the Boston market, having previously worked at SunTrust Private Client Services and Wachovia Wealth Management.

Wedbush Bank, the Los Angeles, CA-based private bank, named V Charles Jackson as chairman and chief executive, responsible for developing new product lines and identifying growth opportunities. Jackson replaced Scott Racusin as CEO and fills an empty position as chairman. Jackson previously served as the West Coast CEO of Boston Private Bank & Trust Company and was an executive director for The Mellon Financial Group – West Coast.

Clearbrook Global Advisors, a privately-held, independent investment management firm, appointed two senior industry professionals, Michael Mahoney and Thomasin Bentley, as the firm continues to expand its business development and marketing team. Mahoney, with more than 30 years’ experience in investment and advisory roles for institutions, pensions, non-profit, foundations and endowments, joined the firm as managing director of business development. Prior to joining Clearbrook, Mahoney was a senior vice president at Pyramis Global Advisors, responsible for business development and client service for Taft-Hartley clients.

Ascent Private Capital Management, US Bank’s ultra high net worth business which caters to clients with at least $50 million in investable assets, made three senior hires in San Francisco, CA. Tom Crotty was named managing director of financial administration. Crotty was previously president of Montgomery Professionals, a San Francisco Bay Area accounting and staffing firm. Stephen Florance was appointed as managing director, investment consulting – a role in which he will help clients create investment portfolios. Florance was a managing director at Hall Capital Partners, responsible for managing portfolios and conducting research across all asset classes. Previously, he worked at BancAmerica Robertson Stephens as a hedge fund accountant. Lastly, Sisi Tran joined as managing director of wealth strategy, charged with advising families on wealth planning matters such as trust and estate planning, tax planning, multi-generational planning, family governance and risk management. 

Tran is latterly of Convergent Wealth Advisors, where she was a director of trust and estate planning in Los Angeles, CA.

Guggenheim Securities, the investment banking unit of New York and Chicago-headquartered Guggenheim Partners, hired veteran insurance analyst Bijan Moazami as a managing director in its Washington, D.C. office. In his new role, Moazami works on the property-casualty insurance sector as part of the firm’s equity research team. Moazami joined Guggenheim from Height Securities in Washington, where he founded the firm’s investment banking practice.

The Hedge Fund Association  appointed wealth consultant Hannah Shaw Grove to its high net worth advisory board. Grove is a founder and executive editor of Private Wealth and the author of 10 books on topics including family offices, hedge funds and wealth management.

Westport Resources of Westport, Conn., hired Eugene Miller as director of family office services, a new role that serves ultra-high-net-worth individuals and families.

Miller joined from Citi Private Bank, where he was director and ultra-high-net-worth private banker.

Michael Hines joined Concord Wealth Management, the Boston agency of the Penn Mutual Life Insurance Company, as a financial advisor, according to Financial Advisor. Hines will provide financial planning and advice to individuals, families and small business owners. He also will support the agency’s recruiting efforts in Massachusetts, Maine and Rhode Island.

Deutsche Asset & Wealth Management announced that Richard Glass has joined as US head of small and mid-cap value equities. In addition, Richard Hanlon and Mary Schafer have joined the firm, reporting to Glass. Glass, Hanlon and Schafer are based in New York. Glass reports to Owen Fitzpatrick, head of equities for the Americas.

Citi Private Bank appointed Blair Ege at its Washington, DC office as director and ultra high net worth private banker. She reports to Barbara McCollum, Mid-Atlantic regional market manager. Ege previously worked at BNY Mellon in Washington, DC, where she spent seven years as a senior director. Prior to BNY Mellon, Ege was a managing director at Babson Capital Management.

Former Morgan Stanley Smith Barney advisor Elaina Spilove, who with colleagues had overseen client assets totalling $2.5 billion, joined UBS, according to media reports. Spilove is based in Princeton, NJ. Spilove had worked at the Graystone Consulting business of Morgan Stanley. She had annual revenue production of $1.2 million at Graystone, a Morgan Stanley division. She joined the UBS Institutional Consulting Group with the title of senior institutional consultant.

Morgan Stanley elected Rayford Wilkins to its board of directors. Prior to joining Morgan Stanley, Wilkins served as chief executive of diversified businesses at AT&T, a position from which he retired in March last year. Before that, Wilkins held a number of senior roles at AT&T and its predecessor company, including group president and CEO of SBC Pacific Bell, and president and CEO of Southwestern Bell Telephone, among others.

Janney Montgomery Scott, the Philadelphia, Pa-headquartered wealth management and investment banking firm, appointed former Morgan Stanley senior manager Vincent Crognale to its Greenville, Del., branch office as first vice president/Wealth Management. Crognale is joined by private client assistant Deborah Carlton. At Morgan Stanley, Crognale worked for 13 years. Prior to that, he worked with Wheat First Butcher Singer from 1995 until 2000.

New York-listed Fifth Third Bank promoted Helene Tolentino to the role of private banker. Prior to her promotion, Tolentino served as a personal banker at Fifth Third Bank, before which she was a financial service assistant at AMSouth Bank.

Further Lane Wealth Management appointed two New York-based advisors, formerly of UBS, to join the firm. The advisors are Stuart Conley and Harvey Spira, both holding the roles of managing directors.