People Moves

Summary Of Global Moves In Wealth Management For March 2023

Editorial Staff 18 May 2023

Summary Of Global Moves In Wealth Management For March 2023

March was a busy month for moves and appointments. Without a doubt, the return of Sergio Ermotti as CEO of UBS, as that bank embarks on its acquisition of Credit Suisse, was the biggest story. But there were plenty of others...

By far the largest move in March was when UBS decided to bring back former CEO Sergio Ermotti, a Swiss national, to the post. Ermotti, who was chief executive of UBS for nine years until 2020, had guided the bank from the crisis period of 2008 to 2009 when UBS was itself under pressure. Ralph Hamers, who had been CEO since November 2020, stepped down. Ermotti was chairman of Swiss Re.

Comgest, a global long-term quality-growth equities manager, appointed Jane Russell as head of responsible development and Yemareshet Gemeda as an ESG specialist, both based in Paris. Working alongside Comgest’s head of responsible investment Sebastien Thévoux-Chabuel, Russell focuses on collaborative engagements, industry initiatives, evolving RI policies and oversight of all ESG communications. She is already a member of the firm’s Sustainability Committee and DE & I Working Group. With more than 23 years of industry experience gained in Australia, Ireland and France, Russell joined the ESG team after working for the past 10 years as Comgest’s head of global consultant relations and UK investor relations. Prior to joining Comgest, Russell spent over 10 years in investor relations, business development and finance roles at firms including Antin Infrastructure Partners, PIM Gestion France, Warakirri Asset Management and PricewaterhouseCoopers. 

Calastone appointed Brian Godins as chief commercial officer. Reporting to Julien Hammerson, CEO, Godins brings 30 years of global experience within the financial services industry. Godins’ most recent role was leading HSBC’s Securities Services division for Asia-Pacific and the Middle East, Calastone said in a statement. Calastone’s Ross Fox moved from Singapore to the UK as managing director, head of UK and Europe. 

Justin Christopher was appointed as managing director, head of Asia, based in Singapore; he was previously based in Sydney. Teresa Walker continues to lead the business in Australia and New Zealand. Calastone’s Ed Lopez moved into a newly-created role as president of Money Market Services.

Ranjit Khanna joined Bank of Singapore as its Global Market Head of Middle East and chief executive of its Dubai International Financial Centre (DIFC) Branch. Khanna, who succeeded Alexandre Lotfi, joined the Asia-headquartered bank from Union Bancaire Privée, where he was its chief executive for Singapore. Before this, he was MD, head for Southeast Asia, Middle East and global NRI business at Coutts for almost six years.

Liechtenstein-based VP Bank Group appointed Dr Mara Harvey, head of Region Europe and CEO of VP Bank (Switzerland) Ltd, and Dr Rolf Steiner, head of Group Products & Solutions, to join its group executive management (GEM). Dr Harvey has been CEO of VP Bank (Switzerland) Ltd since 1 January 2023. The graduate economist with over 20 years of experience in the wealth management industry is additionally responsible for the region of Europe, which includes the Zurich as well as the Luxembourg location. Dr Steiner joined VP Bank Group in October 2019. Tobias Wehrli, head of Region Liechtenstein and BVI, left the GEM to take on a new challenge. 

The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, resigned days after his comments helped prompt a slide in the Swiss bank’s stock, leading to the eventual takeover by UBS a week ago. Ammar Al Khudairy, who became chairman of SNB in 2021, left due to “personal reasons.” Al Khudairy said in an interview that Saudi National Bank would “absolutely not” be open to further investments in Credit Suisse if there was another call for additional liquidity.

The Financial Conduct Authority appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight. Mark Steward, who stepped down as the FCA's executive director of enforcement and market oversight, left in April. Chambers has worked at the FCA for over 20 years, mostly in enforcement, including as director of retail and regulatory investigations. Smart joined from the National Crime Agency, where he sits on the executive committee as director of intelligence, leading a division of over 2,000 people. 

BNY Mellon Investment Management appointed Richard Parkin as head of retirement, a newly-created role within BNY Mellon IM EMEA. Parkin reports to Michael Beveridge, head of UK intermediary distribution at BNY Mellon IM. Parkin has over three decades of experience in the retirement space. He joined from Richard Parkin Consulting, an independent consultancy he founded in January 2018 where he helped asset managers, pension providers and others respond to the rapidly changing retirement environment. Prior to this, he spent 15 years at Fidelity International.

Indosuez Wealth Management appointed three senior figures: Delphine Di Pizio-Tiger, global head of asset management; Alexandre Drabowicz, chief investment officer; and Vincent Manuel, deputy chief executive officer in charge of development for Indosuez Europe.

Quilter Cheviot appointed Oswald Oduntan as a new investment manager. Oduntan works in the Quilter Cheviot Managed Portfolio Service (MPS) team, led by Simon Doherty, head of MPS, and Antony Webb, deputy head of MPS. Oduntan joined from Columbia Threadneedle Investments, where he worked as a fund manager assistant, responsible for equity research and building and developing tools to support portfolio construction, asset allocation and performance.

Solomon Capital Holdings appointed Phil Wagstaff as non-executive director and chairman of Solomon Investment Management (SIM), the parent company of YOU Asset Management Limited. Wagstaff has over 35 years’ industry experience, during which time he has served on the executive committees of a number of leading UK and international asset managers.

LeapFrog Investments, the profit-with-purpose investment firm, appointed Rob Leary as a senior advisor to the CEO and leadership team. Leary, who was the CEO of Nuveen as well as the CEO of the Olayan Group, serves on the board of directors of Intact Financial Corporation, RSA UK & International, and Citizens Financial Group. He is a founding member of The Council, a consulting firm that provides confidential advice and counsel to senior executives. Leary is also chairman of the National Forest Foundation.

GAM Investments announced changes to its systematic teams. Chris Longworth, who joined the firm in 2010, was appointed head of GAM Systematic and Danny Dhingra joined the Systematic Core Macro team, reporting to Longworth.

ZEDRA appoointed Jon McKay as global head of legal. McKay reports to ZEDRA CEO, Ivo Hemelraad. Most recently, McKay served as managing director and head of business solutions of TrustQore in Switzerland, a role in which he was responsible for the oversight and management of the Swiss office and the establishment of the TrustQore brand in both Switzerland and Western Europe. He is based in ZEDRA’s Manchester office.

Azqore, a digital service provider for wealth managers, and part of Indosuez Wealth Management, appointed Pierre Masclet as its chief executive. Based in Lausanne, Switzerland, Masclet is a member of Indosuez’s management committee and reports to Jacques Prost, chief executive of Indosuez. He succeeded Pascal Exertier, who retired. Masclet, who has more than 30 years of experience in wealth management within the group, began his career at Banque Indosuez in 1992.

UK private bank Hampden & Co named John Glanville as a banking director in its London office. He reports to Mark Prentice, head of banking, and works alongside the banking teams in Edinburgh and London. Glanville was previously at Kleinwort Hambros where he spent more than 10 years, most recently in the Ultra High Net Worth team as a private banker. 

The Swiss Embassy in the UK appointed Excello corporate and commercial lawyer Gitta Altmann as its official legal advisor. Qualifying in 1997, and additionally admitted to the New York Bar in 1998, Altmann is an English and German speaker with 25 years’ experience of acting for UK and international clients. The focus of her practice is on business acquisitions and disposals, joint venture and shareholders’ agreements, commercial agreements, capital reorganisations and restructures. She has particular expertise in advising global clients on setting up operations in the UK.

Stonehage Fleming, an international multi-family office, appointed Sarah Bartram-Lora Reina as a trustee director in the Jersey Family Office Division, reporting to Richard Stride, head of Family Office Jersey. Bartram-Lora Reina has over 30 years’ of experience in the financial services industry covering retail, private and investment banking, as well as trust and corporate services. She has joined from Ocorian Limited, where she was an executive director. Prior to that, Sarah was a client director at Zedra Trust Company (Jersey) Limited (formerly Barclays Private Bank & Trust Company Limited). 

Claire Strecker also joined Stonehage Fleming’s Jersey Family Office team as a director in risk and compliance. Strecker has joined from Hawksford where she was a fund compliance manager. Additional hires included: Ashley Correia, client relationship manager; Kim Wink, compliance manager; and Henry Mehigan as senior client accountant.

Investor services group IQ-EQ appointed Ilias Georgopoulos as global head of private and institutional asset owners. Georgopoulos has over 25 years’ financial services experience, including more than a decade at senior leadership level and with responsibilities spanning the US, EMEA and APAC. Most recently, he was CEO of Credit Suisse’s MultiConcept Fund Management SA in Luxembourg, where he was responsible for driving growth initiatives, supporting cross-product, cross segments’ development and enabling service evolution. Georgopoulos is based in Luxembourg, reporting to IQ-EQ’s group chief commercial officer, Emma Crabtree.

atomos, an advice-led wealth manager, appointed Rob Lambert as a senior portfolio manager based in its Lymington office. Lambert joined from WH Ireland, where he had worked for a decade. He became a qualified investment manager in 2005 and is a Chartered Fellow of the Chartered Institute of Securities and Investments.

Sanlam Investments appointed Ben Hall as a sales director in its wholesale team. Hall was most recently at Atlantic House, where he was a senior sales executive for two years, with coverage across discretionary fund managers, managed portfolio service managers, larger IFAs, asset managers, private banks and family offices. He reports to Tom Conquest, head of sales – UK wholesale, with a mandate to grow the boutique asset manager’s relationships with DFMs, MPS managers, and larger IFAs.

Stuart Steven will retire from fund management in September 2023 after developing a fixed income team within the Lionstrust sustainable investment team over the past decade. Aitken Ross, Kenny Watson and Jack Willis will continue their roles as lead managers of the Liontrust sustainable future corporate bond and sustainable future monthly income bond funds.

Investment fund data and technology FE fundinfo appointed Juan Lopez-Valcarcel as its new interim chief operating officer. Based in London, Lopez-Valcarcel brings over 20 years’ experience in transforming and scaling data and software businesses. Most recently, he was chief operations transformation officer for data analytics and market research firm Kantar, backed by Bain Capital Private Equity.

LGT Wealth Management, part of LGT, the international private banking and asset management group, appointed Ben Palmer as lead portfolio manager for its sustainable service offering which is designed for financial advisors. Palmer joined from Brooks Macdonald where he was head of responsible investment, co-ordinating investment research, portfolio construction, reporting and communication outputs, and driving business development with the advisor community.

Credit Suisse named Dr Maximilian Wolters as a managing director and senior relationship manager in Germany. Dr Wolters is based in Frankfurt and reports to Sven Stephan, head for the Wealth Management Germany Domestic business. Dr Wolters, who has spent 18 years supporting UHNWI clients, joined from Citi Private Bank where he was the lead banker responsible for Germany and Austria. Prior to Citi, he worked at Edmond de Rothschild as head Wealth Management Germany. He has also worked at Sal. Oppenheim, Julius Baer and UBS Wealth Management.

Mourant, a law firm-led professional services business, appointed two new partners to join its Guernsey and Jersey teams. Sandra Duerden, a member of the Guernsey Litigation practice and James Daniel, from the firm's Jersey-based Finance and Corporate practice, were promoted with effect from 1 February.

Duerden joined Mourant in 2006 as a paralegal. Since qualifying in 2010, she has specialised in commercial litigation and contentious trusts disputes. Duerden, who is an experienced advocate, has a particular interest in cross-border disputes or those having international law aspects, as well as insolvency and regulatory matters. Daniel, who started at Mourant in 2008 as a legal assistant, now focuses on banking and finance law. He has extensive experience advising both borrowers and lenders on a diverse range of cross-border banking and finance transactions.

Fulcrum Asset Management appointed Lisa Gordon as a non-executive board member to provide independent advice to the board. Gordon has over 25 years of board experience incorporating both executive and non-executive roles. She sits on several boards including those of the JP Morgan Mid Cap Investment Trust Plc, Cenkos Securities plc (of which she is chair) and the M&C Saatchi Group, among others.

Anke Bridge Haux, head of personal and business banking and a member of the executive board of Credit Suisse (Switzerland) Ltd, decided to take on a new role as CEO of LGT Bank (Switzerland) Ltd, part of LGT Private Banking. Bridge Haux starts on 1 September 2023, and becomes the CEO of LGT Bank Switzerland with effect from 1 November 2023. Her successor will be named in due course. In the meantime, Michael Sager, COO of P&BB, took over the leadership of the business area ad interim.

Charles Russell Speechlys appointed Ziva Robertson as a partner within the firm’s Private Wealth Disputes team. Robertson was previously with McDermott Will & Emery, where she co-headed the London Private Client group.

Saffery Champness appointed James Stevens as partner to boost its team in Peterborough. Stevens was previously at Deloitte, where he headed up the private client team in the Eastern region, along with leading its UK trust business and played a key role in its Channel Islands private client business.

Guinness Global Investors promoted Sam Wildy to chief financial officer and named Deepti Balloo as head of compliance. Wildy, who joined Guinness in 2020 as deputy CFO, has more than 16 years’ experience in the financial services industry, primarily in wealth and investment management. Before Guinness, Wildy was the group financial controller and then head of financial strategy and funds at Foresight Group. Balloo has over 16 years’ experience in the investment management industry. Before joining Guinness, Balloo worked as a senior compliance officer at Troy Asset Management Limited for 10 years. They are both based in London.

International law firm Bedell Cristin appointed two lawyers to join its International Private Client team based in its Jersey and London offices. Kim Manley was recruited as a senior associate in London. Manley, who has more than 10 years’ experience, began her career in Zimbabwe where she specialised in private client matters before moving to Guernsey where she worked most recently for Babbé LLP. She has qualified as a solicitor in England and Wales. Isabelle Russell was appointed as an associate in Jersey. Russell previously worked in New Zealand where she qualified as a solicitor and worked for seven years with McVeagh Fleming in Auckland.

Butterfield appointed Kim Morgan-Carvalho as deputy managing director for trusts, Butterfield Switzerland. Morgan-Carvalho has worked in a fiduciary capacity for more than 20 years, having originally started her career in Butterfield’s Bermuda office, before moving to Geneva. In her new role, she works with Phil Lenz, who was promoted to MD of Butterfield Switzerland. 

 Julius Baer appointed Komal Syal as team head of Julius Baer global India Singapore team. She reports to Kunal Sumaya, group head, global India and Japan Singapore. Syal is an experienced wealth manager with more than two decades of experience in managing clients and teams across Singapore and London. Syal was with Julius Baer Singapore from 2016 to 2017. Prior to re-joining the bank, she worked at Standard Chartered, BSI and RBS Coutts, amongst others.

Ranjit Khanna joined Bank of Singapore as its global market head of Middle East and chief executive of its Dubai International Financial Centre (DIFC) Branch. He succeeded Alexandre Lotfi, who is also the bank’s global chief risk officer, as the CEO of the DIFC Branch. Khanna came from Union Bancaire Privée, where he was its chief executive for Singapore. Before this, he was MD, head for Southeast Asia, Middle East and global NRI business at Coutts for almost six years. Prior to this, he was an MD at Bank Sarasin for a year. Khanna has over 25 years of experience in leadership roles across people, product and sales management with leading international banks, of which 13 years were spent in Dubai. A Singapore national, he has also lived and worked in New York as well as Singapore.

In his new role, Khanna reports to Jason Moo, BoS’s new chief executive. (Moo became CEO on 6 March, taking the helm from Bahrin Shaari, who retired at the end of December.)

A former Credit Suisse managing director in Asia joined HSBC Global Private Banking. HSBC appointed Henry Lam as regional head of wealth planning and advisory, Asia-Pacific. Lam is based in Hong Kong and reports to Siew Meng Tan, regional head of HSBC Global Private Banking, Asia-Pacific. 

Lam was most recently managing director, head of wealth solutions for APAC, at Credit Suisse, responsible for wealth planning advisory in Asia-Pacific and the insurance referral business globally. Prior to this, Lam worked for over two decades at UBS and was MD, head of wealth planning Hong Kong, where he led a team of wealth planners to provide wealth planning and trust advice to families in Asia-Pacific.

DWS appointed Vanessa Wang as Asia-Pacific head. She took over from Holger Naumann, who returned to Frankfurt as part of a planned retirement. Based in Hong Kong, Wang reports to Stefan Hoops, chief executive officer of DWS. She kept her role as head of client coverage, APAC. Wang joined DWS as head of client coverage, APAC in September 2021. Before this, she served in senior leadership roles at Amundi where she was responsible for the institutional business in North Asia and the US.

The former wealth management head for Southeast Asia at Deutsche Bank, Kwong Kin Mun, became vice chairman for wealth management in Southeast Asia at Credit Suisse. He is based in Singapore, reporting to Benjamin Cavalli, head of wealth management Asia-Pacific. With a total of more than four decades’ wealth industry experience, Kwong Kin Mun served in senior roles at Deutsche Bank Wealth Management as head of Southeast Asia, and also worked at DBS Private Bank as head of South Asia. He has also worked at Citibank, UBS, Standard Chartered and Merrill Lynch. He was awarded the Singapore IBF Fellowship in 2017 in recognition of his contributions to the private banking industry and was a member of the Private Banking Industry Group (PBIG) Committee for many years.

Asset manager SuMi TRUST appointed Katsutoshi Inadome as senior strategist. Inadome is based in the firm’s Tokyo headquarters and works with chief strategist Hiroyuki Ueno. Inadome, who has 18 years’ experience in the fixed income space, was previously a bond strategist at Mitsubishi UFJ Morgan Stanley Securities, where he was responsible for developing fixed income portfolio management strategies.

Union Bancaire Privée appointed Paras Gupta as head of investment services for Southeast Asia. Based in Singapore, Gupta reports functionally to Michaël Lok and locally to Eric Morin, regional head, SEA. Gupta, who leads the discretionary portfolio management, investment specialists and investment advisory teams based in Singapore, remained as the regional lead for DPM with respect to asset allocation and controls. 

Following this re-organisation, Edouard Hoepffner left to pursue opportunities outside the firm. Hoepffner, who is senior managing director, head of investment services at UBP, will remain at UBP until the end of May. He has been at the Geneva-based bank since April 2016; prior to that, he was at Coutts for more than four years, based in Singapore.

3 Capital Partners, the Hong Kong-based private investment office that allocates capital for ultra-high net worth families in Asia, appointed Jonathan Shelley as chief operating officer and general counsel. Based in Hong Kong, Shelley reports to Alex Yu, chief executive officer and co-founder of 3 Capital Partners. Shelley joined from Allen & Overy in Hong Kong where he specialised in private equity fund formation and investments, including in secondary transactions.

Natixis Corporate & Investment Banking appointed Amit Tanna as head of coverage, India. Based in Hong Kong, he reports to Francis Ansvananda, head of coverage, South East Asia. In this newly-created role, Tanna manages Natixis CIB’s India client strategy, with a focus on originating event-driven transactions with Indian corporate clients in Natixis CIB’s core focus areas: renewables, digital infrastructure, tech and healthcare, as well as with financial sponsors and multinational corporations. He brought more than two decades of experience to the role. He joined Natixis CIB from Standard Chartered Bank in Hong Kong.

Partners Group, the Switzerland-based private markets firm, made three strategic additions to its Asia-Pacific wealth team. It appointed Jin Wang as managing director in its client solutions team, taking responsibility for institutional clients in the Greater China region. Wang joined from EJF Capital, where he was head of Asian investor relations, as a partner and member of the executive committee. It hired Vicky Yick as a senior client relationship manager and Carissa Lee as a client relationship manager.

ZEDRA, a global specialist in corporate and global expansion, active wealth, pensions and incentives services, and fund solutions, appointed Jon McKay as global head of legal. McKay, who is responsible for leading ZEDRA’s internal legal team and providing legal support to the business across all its service lines and offices, reports to ZEDRA CEO, Ivo Hemelraad.

Azqore, a digital service provider for wealth managers, and part of Indosuez Wealth Management, appointed Pierre Masclet as its chief executive. Based in Lausanne, Switzerland, Masclet is a member of Indosuez’s management committee and reports to Jacques Prost, chief executive of Indosuez. He succeeded Pascal Exertier, who retired. Masclet has over 30 years of experience in wealth management within the group.
Credit Suisse appointed Neeraj Arora director, relationship manager, for the non-resident India (NRI) market. Arora is based in Singapore and reports to Bikram Sen, managing director and team leader for the NRI market. Arora has more than 21 years of experience in the wealth management industry, having worked for Julius Baer, Citibank and Standard Chartered Bank in Hong Kong, Singapore and India. Prior to joining Credit Suisse, Arora was with Julius Baer for more than two years where he was director, private banking, serving existing and new high net worth customers based in Hong Kong and Southeast Asia. Before that he spent almost 11 years with Citibank in India and Singapore.

Natixis Investment Managers in Singapore appointed Rushil Khanna as head of equity investments in the region, reporting to Dora Seow, CEO for Natixis IM Singapore. Khanna's role is a newly-created one. With 20 years’ experience in the industry, Khanna previously worked at Credit Suisse Asset Management, most recently as APAC head of equities and lead portfolio manager, based in Singapore.

Credit Suisse’s wealth management arm in Asia-Pacific made two senior appointments: Jerome Tan, managing director, head of investment consulting for Singapore, and Lok-hin Tsui, director, investment consultant, Singapore and Malaysia Market. Tan reports to Banz. In his new role, he is responsible for overseeing and managing the overall sales strategy and its implementation.

Tan is also the co-chair of the wealth management APAC advisory and sales committee. A veteran with Credit Suisse, Tan has been with the firm for more than 15 years. He has over 20 years of financial services experience in Singapore, Hong Kong and the UK. Lok-hin Tsui was previously with UBS Wealth Management Singapore for five years where he was director, equity/fixed income advisor advising ultra-high net worth (direct access) clients in Southeast Asia on investment ideas and execution. Tsui has 18 years of experience in the wealth management industry, having worked for DBS, Standard Chartered Bank and Merrill Lynch in the Netherlands, Hong Kong and Singapore.

LaSalle Investment Management announced two appointments. Kunihiko (Nick) Okumura succeeded Keith Fujii as chief executive officer of LaSalle Japan and was also appointed as representative director of LaSalle Japan. Itaru Nogami succeeded Ryota Morioka as fund manager of LaSalle Japan Property Fund, an open-ended core fund with total assets under management of more than JPY200 billion gross asset value ($1.45 billion). Fujii continues to serve LaSalle as head of Asia Pacific while Morioka departs the firm to pursue other interests. Yasuo Nakashima also stepped down as representative director of LaSalle Japan and departs the firm.

Commerzbank appointed Dr Tommy Wu as a senior China economist. Dr Wu, who joined the bank in in the last quarter of 2022, is based in Singapore. He reports globally to Dr Joerg Kraemer, a chief economist, and regionally to Nick Johnston, regional board member Asia. Wu started his career as an economist at the Hong Kong Monetary Authority, covering China and Asia Pacific. He joined Oxford Economics in 2017 and was appointed as lead economist in 2020 where he led a team covering China and Asia-Pacific macroeconomic research.

Golden Equator Wealth made two senior hires: Rai Rummaan Kharal joined as a managing partner of wealth and capital and Haroon Tufail joined as an executive director. He concentrates on establishing and growing client relationships, assessing market opportunities, developing the business strategy for the multi-family office, and leading a team of family office advisors. He reports to Shirley Crystal Chua, founder and group CEO of Golden Equator Group.

Kharal brings more than 25 years of experience in wealth, investment management and international corporate banking. He was most recently executive director – market and team lead at Credit Suisse Singapore, where he built, managed, and expanded a team servicing ultra-high net worth family clients in the South Asian region. Before that, he was with Deutsche Bank for 18 years, in senior positions across corporate banking as well as investment and wealth management roles in Singapore, Thailand, Australia, Indonesia and Pakistan.

Tufail, who reports to Kharal, focuses on providing investment and multi-generational wealth planning solutions for ultra-high net worth families. He brought close to 20 years of experience in wealth management and active portfolio management across various capital market products, working with UHNW clients and families in the United Arab Emirates, Pakistan and Singapore. He was most recently director and relationship manager at Credit Suisse Singapore.

Gall, an independent Hong Kong law firm focusing primarily on dispute resolution, said Kelly Merris joined the firm’s Family and Divorce practice as a registered foreign lawyer (England and Wales). Previously she was working at Farrer & Co in London for five years. Admitted as a solicitor in England and Wales in 2017 and as a barrister and solicitor in the Supreme Court of Western Australia in 2012, Merris received a joint undergraduate bachelor of law and bachelor of arts (politics/economics) degree from the University of Western Australia.

PGIM, part of US-based Prudential Financial, appointed Murray Brewer as head of the institutional relationship group for Australia and New Zealand. Brewer is based in Sydney. He reports to Philip Hsin, head of IRG Asia Pacific (ex-Japan). Prior to joining PGIM, Brewer was country head of Australia for Capital Group. 

Global law firm Goodwin appointed Matthew Nortcliff to join its Private Investment Funds practice as a partner. Nortcliff, based in Singapore since 2010, represents clients with a particular focus on the real assets, private equity, venture capital, and technology sectors. He advises managers on the establishment and operation (including regulatory matters) of a wide range of funds, structured investments, and joint ventures. 

Credit Suisse appointed Jullie Kan as vice chairman and strategic client lead for Asia-Pacific. The appointment widened the geographic scope: she had been VC and strategic client lead for Southeast Asia. She continues to report to Benjamin Cavalli, who is head of wealth management for APAC, in her expanded role and provide senior client coverage of ultra-high net worth and key clients across the region. Kan joined the Credit Suisse Asia Pacific Foundation Board in February as a trustee and the SymAsia Foundation Limited as one of the board of directors.

Kan has more than 40 years’ experience in the wealth management industry. She joined Credit Suisse in 1998 as market group head for Malaysia. In addition to her role as market group head of Malaysia, she led the Singapore market between 2006 and 2008, and was appointed deputy head of private banking for Southeast Asia between 2008 and 2010. In 2013, Kan was appointed vice chairman for Southeast Asia.

Deutsche Bank appointed one of its senior figures, Rajesh Mahadevan, managing director, as the head of global South Asia at its international private bank. Mahadevan, who joined Deutsche Bank in 2011 from Bank of America Merrill Lynch, had previously worked at Citibank. Mahadevan has 22 years’ experience in wealth management across GSA coverage, products and advisory. He reports to Jinyee Young, head of the IPB, Asia-Pacific. Separately, Amrit Singh took on a strategic senior client advisory role working with and reporting to vice chairman, Anurag Mahesh.

RBC Wealth Management disclosed a number of hires in Asia. Tan Yuh Harn  joined in January as managing director, head of discretionary portfolio management and ultra-high net worth solutions, Asia. Based in Singapore, he reports to Juan Aronna, head of investment solutions and products, Asia.

Yuh Harn brings more than 25 years’ experience in portfolio management. Prior to joining RBC, he was senior portfolio manager, investment management APAC at Credit Suisse Wealth Management. He previously served in roles at UBS Wealth Management, where he was head, equity mandates and modules for Asia-Pacific, and at BNP Paribas Wealth Management, where he was a portfolio manager.

In February, Alvis Chan joined RBC as executive director, portfolio manager, UHNW solutions, based in Hong Kong and reporting to Yuh Harn. Before RBC, Chan was head of Hong Kong fixed income at UBS Global Wealth Management. Previously, he served in roles in fixed income, firstly at AIA International Hong Kong, before joining ICBC International Asset Management.

Julius Baer appointed one of its senior figures, Salina Cheung, as group head for Greater China. The position is a newly-created one. Cheung has more than 26 years of experience in private banking sector. She joined the Zurich-listed private bank in 2006 and has held various senior front office positions. Most recently, she worked on Greater China coverage as senior client partner.

Credit Suisse appointed former Taiwan-focused UBS banker Andy Kuo as director for the Greater China Singapore market, based in Singapore. At UBS, Kuo advised onshore Taiwan ultra-high net worth clients and their families. After completing his MBA programme in the US, he spent about 15 years in corporate banking before moving to wealth management.

North America
Impax Asset Management, a specialist asset manager investing in the transition to a more sustainable economy, appointed Amber Fairbanks as portfolio manager. With 21 years’ experience, Fairbanks joined from Mirova, where she was co-manager of the Mirova International Sustainable Equity, US Sustainable Equity and Global Sustainable Equity funds. 

Rockefeller Global Family Office, part of Rockefeller Capital Management, added Marchetti Porter Wealth Partners of San Francisco, California, to its Pacific Northwest division. The group is led by managing directors and private advisors James B Marchetti and Caleb Porter. It includes senior vice president and private advisor James L Marchetti; client relationship directors Stacey Swain and Alicia Powell; and client associate Ellen Siebenlist. The team, formerly at First Republic Wealth Management, reports to Brian Riley, Pacific Northwest division director at RGFO.

Fiduciary Trust International appointed Leslie Gillin Bohner to the newly-created role of chief fiduciary officer. Based in the organization’s Radnor, Pennsylvania office, she continues to lead the firm’s Delaware business and reports to John Dowd, the firm’s CEO. Gillin Bohner joined Fiduciary Trust International in May 2020 following the company’s acquisition of The Pennsylvania Trust Company. 

The firm also appointed Allison Chance Carter and Timothy Barton as managing directors and senior trust officer/trust counsel and senior portfolio manager, respectively. They are based in Atlanta, Georgia. 

Carter was most recently a senior trust advisor and senior vice president at Northern Trust in Atlanta, where she served high net worth and ultra-high net worth families and individuals for the past 10 years. She was previously a senior trust advisor at Wells Fargo Private Bank. For the last 10 years, Barton served as a senior portfolio manager and senior vice president at Northern Trust in Atlanta where he developed investment strategies for families and individuals. Prior to Northern Trust, he was an investment strategist at Wells Fargo Private Bank.

Katten, the international law firm, appointed Parker F Taylor as a partner in the private wealth practice in New York. Parker advises high net worth clients on estate administration and income tax matters, including dealing with Internal Revenue Service examinations and appeals. His practice concentrates on multigenerational wealth transfer planning and business succession planning, as well as estate, trust and guardianship administration and controversies. He also focuses on prenuptial and postnuptial agreements, and estate, gift and generation-skipping tax controversies.

Prior to joining Katten, Parker served as head of the private client services group at Hughes Hubbard & Reed LLP, where he organized estate planning clinics at which attorneys provided pro bono legal services to Holocaust survivors.

UBS Asset Management appointed Shamaila Khan as head of fixed income for emerging markets and the Asia-Pacific region. Khan, who reports to Charlotte Baenninger, global head of fixed income, became a member of the Fixed Income Investment Forum. She is based in New York. Khan succeeded Hayden Briscoe, who took on the new role of APAC head of multi-asset portfolio management for investment solutions, adding to his role as head of Hong Kong AM.

With more than 23 years’ experience in emerging market sovereigns and corporates, hard and local currency, Khan was most recently head of emerging markets fixed income at AllianceBernstein.

California-based Franklin Templeton appointed James Andrus as vice president of sustainability global markets, a newly-created senior role within the firm’s global sustainability strategy team. Andrus joined Franklin Templeton from the California Public Employees’ Retirement System, where he served as the interim managing investment director for sustainable investing.

Investment firm, KKR, aka Kohlberg Kravis Roberts, appointed Paula Campbell Roberts as chief investment strategist for private wealth. The role is a newly created one. Campbell Roberts works with KKR’s global macro, balance sheet and risk team to deliver actionable investment insights for KKR’s private wealth partners, which include wirehouses, private banks, independent/regional broker-dealers, registered investment advisors (RIAs) and fintech platforms. Campbell Roberts was most recently managing director and global head of consumer and real estate macro and thematic investing. Prior to joining KKR in 2017, she was an executive director at Morgan Stanley, where she managed coverage of the US consumer sector.

Angeles Wealth Management appointed Edward Lowndes as chief operating officer and chief compliance officer. He works in Santa Monica. Prior to this, Lowndes was COO at First Foundation Advisors, the private wealth management affiliate of First Foundation Bank managing $5 billion in client assets.

Pitcairn, the US multi-family office, appointed Robert Mileff as managing director for its alternative investments space. Based in Washington, DC, he reports to chief investment officer, Nathan Sonnenberg.

Mileff has more than 20 years in financial services and brings significant experience in ultra-high net worth wealth management and investment technology. Before joining Pitcairn, Mileff served in alternative investment leadership roles at Fortigent, EnTrust Global, and Monroe Vos, and led consulting efforts for investment technology firms, including CENTRL, SS&C and Backstop Solutions.

Sanctuary Wealth, a platform for the next generation of elite advisors, appointed David Vaughan to join the firm's executive leadership team as chief financial officer. He reports to Adam Malamed, CEO of Sanctuary Wealth. With close to 30 years of experience across the independent wealth management industry, Vaughan has a track record of developing organic and M&A-based growth strategies, with an emphasis on strong bottom-line results that enable reinvestment in the business. He was most recently CFO at Axos Clearing, where he directed multiple teams serving broker-dealers and RIA firms.

Pritzker Private Capital, the US firm that operates in the “family direct investing” space, appointed Chris Brickman as operating partner. Brickman, who is former CEO and president of Sally Beauty Holdings, has a 30-year track record of leading consumer products businesses. He reports to David Gau, chief operating officer and head of operations at PPC. 

Integrated Financial Partners, the wealth management house, appointed John Piantedosi as chief operating officer. Piantedosi spent most of his career at Fidelity Investments in roles such as senior manager, client development for family offices, and director, product manager in its wealth advisor solutions arm. 

First Republic Bank appointed a six-person team, several of whom have previously worked at Morgan Stanley. The team, which has joined First Republic Investment Management, is led by Alexander Kadish, Nicholas Davey and J P Garofalo. 

Kadish and Davey were each named managing director and wealth manager. Garofalo was named vice president and wealth manager. Kadish has more than 20 years of wealth management experience. Prior to this move, Kadish was an MD and private wealth advisor at Morgan Stanley Private Wealth Management. Before that, he was an executive director at JP Morgan Securities. 

Davey has more than 15 years of wealth management experience providing customized solutions for individuals and families. He was a senior vice president and PWA at Morgan Stanley Private Wealth Management. Garofalo, who has 10 years of wealth management experience, had been a wealth advisor and alternative investments director at Morgan Stanley Private Wealth Management. Earlier in his career, he worked at Ares Management and was a consulting group associate at Morgan Stanley. 

Raymond James welcomed financial advisor Richard Weisberg to its independent advisor channel. Weisberg is based in Naples, Florida. Operating as Weisberg Wealth Management, Weisberg was joined by client service associates Nancy Comparetto and Cheryl Krebs. 

Raymond James welcomed financial advisor Steven M Rozencwaig to Raymond James & Associates (RJA) – the firm’s employee advisor channel – in New York. He joined the firm’s Manhattan branch, headed by New York City complex manager Judson Potter. He previously managed more than $315 million in client assets at UBS Financial Services.

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