Here is the summary of moves in the wealth management employment market during April. Notable features included moves by such luminaries as Sallie Krawcheck, former wealth management boss at Bank of America Merrill Lynch, and a number of senior moves in Europe.

UK

Roddy Buchanan, the head of wealth management at Weatherbys, the UK private bank, left the firm that is renowned as the official bank of the British Horseracing Authority.

UK-based Jupiter Fund Management bolstered its board with the addition of Maarten Slendebroek as an executive director overseeing distribution and strategy. On newly-created role in the second half of this year, Slendebroek will report to Edward Bonham Carter, group chief executive. He joined from BlackRock, where he has worked for 18 years, most recently as head of international retail.

Generali PanEurope, the Irish wealth manager and insurance company which is part of Italy-headquartered Assicurazioni Generali, hired David Gregory, latterly head of institutional relationships at Canada Life International, as executive director, as part of a push into the UK high and ultra high net worth market

Angela Knight, chief executive of the British Bankers’ Association, announced that she will step down in the summer, ending a five-year stint at the pan-industry group that has seen the sector endure its biggest banking crisis since the Great Depression. Knight, a former CEO at the Association of Private Client Investment Managers and Stockbrokers (1997-2006), and previously a finance minister in the Conservative administration of John Major, will stay on in her role while a search for a new CEO is concluded.

The wealth and investment management division of Barclays boosted its wealth advisory team in Bournemouth with the hire of financial planner Richard Bowles. Bowles joined from Old Mill Financial Planners, where he had worked with high net worth clients for three years. Before this he worked for HSBC Private Clients and Standard Life. In his new role, Bowles will be working with Barclays’ private bankers and investment managers in Bournemouth and the surrounding areas of Dorset, Hampshire and Wiltshire.

An emerging market team of seven managers at BNP Paribas Investment Partners is set to move to BlackRock in the summer. BNP Paribas Investment Partners' chief investment officer of emerging market fixed income, Sergio Trigo Paz, will head up the new team at the asset management giant in London. Paz oversaw the management of £3.8 billion (around $6 billion) of client assets at the French giant's UK business. Beyond Paz, Raphael Marechal, Chris Kelly, Laurent Develay, Michel Aubenas, Jane Yu and Ernesto Bettoni are understood to be transferring to BlackRock over the summer months.

Berry Asset Management, the UK-based wealth manager, appointed Paul Cadman as director of IFA sales. Cadman joined from Quilter, the former Morgan Stanley Smith Barney firm which is now owned by private equity firm Bridgepoint, where he had been a senior associate charged with the distribution of its discretionary fund management proposition since 2008.

Boodle Hatfield, the UK law firm, bolstered its family team with the addition of Christopher Butler, who was latterly a partner and head of the family team at Speechly Bircham. Butler, who joined as a consultant, specialises in complex, high-value divorce cases, often with an international dimension, and has particular expertise in financial and trust issues. He has advised professional and other trustees, both on- and offshore, in family proceedings and in matters related to wealth protection and structuring; his clients have included high-profile media, political and sports personalities.

Neptune Investment Management, the London-based asset manager, confirmed that three of its staff members have departed to set up their own investment boutique. John Lester, the firm's head of strategic partnerships, and two member of his team, Dennis Pellerito and Andrew Nickson, left Neptune with immediate effect. Details about the investment boutique remain unknown at this stage.

Deutsche Bank named Jonathan Peake as head of operational risk for its private wealth management businesses in the Channel Islands and Cayman Islands. In his new Jersey-based rol, Peake will manage all aspects of risk monitoring and reporting for the units, while also helping to coordinate the German giant’s business risk management and compliance functions. Peake has been deputy head of compliance at Deutsche since the start of 2010, before which he was a senior manager in the UK forensic accountancy arm of KPMG for six years.

Schroders, the UK-based investment manager, hired Tom Williams as a structurer within its portfolio solutions team. Williams joined from Jefferies International, where he worked as an interest rates derivatives trader. He has also previously worked as an exotic interest rates derivatives trader at Dresdner Kleinwort.

Brewin Dolphin, the UK-listed private client investment manager, boosted its investment team in Bristol with two appointments. Investment manager Jonathan Godfrey and assistant investment manager Charles Caton joined from Barclays’ wealth division and Rathbones, respectively.

The wealth and investment management division of Barclays bolstered its human resources team with the appointment of Anita Butt as vice president. Butt was latterly a client advisor in the wealth management team at UBS, which she joined in 2007. Before that, she worked as a relationship manager at American Express.

Butterfield Private Bank, part of the Bermuda-headquartered Butterfield Group, appointed Neal Churchill as a client director. Churchill has worked in the private banking and asset management industry for 13 years. He joined Butterfield’s private banking team in London, transferring from Bermuda, where he also worked on the private banking offering.

UK-listed Ashcourt Rowan hired Toni Meadows as its new chief investment officer in a bid to shake up the wealth management group’s investment practice. Meadows was latterly at Broadstone Pensions & Investments, and has also worked for Close Asset Management. Together with Christopher Jeffreys, head of the firm’s asset management business, he has been tasked with carrying out a comprehensive review of Ashcourt Rowan’s investment proposition and process. He reports to David Esfandi, managing director of the firm's high net worth division.

Brewin Dolphin saw the departure of the chief of its Glasgow office, Alec Lyell, who retired after nearly two decades at the UK-listed private client investment manager. Stephen Martin, who has been the company for just over a year as a divisional director, has been appointed as his replacement. Before joining Brewin Dolphin, Martin ran the Glasgow investment office of RBS-owned private bank Adam & Co, a position he held for ten years.

Rowan Dartington, the UK wealth manager, named Ian Entwhistle as relationship and business development manager. Entwhistle latterly delivered investment training for the National Association of Pension Funds. Prior to this he was an associate director responsible for day-to-day portfolio management at SLC Asset Management and before that he spent 13 years at Merrill Lynch Asset Management. In his new role Entwhistle will be based in Rowan Dartington's Hereford office.

Deutsche Bank Private Wealth Management hired two senior private bankers who previously worked at HSBC to strengthen its ultra high net worth team in the UK. Steve Whiting was latterly head of HBSC Private Bank's UHNW onshore business, while Oliver Peck was an associate director within the same division. In their new roles, Whiting and Peck, as managing director and director, respectively, will manage several UHNW relationships with specific focus on lending services. They will be based in London and report to Chris Hocking, head of the UHNW team.

Ian Lowitt left his position as chief operating officer at the wealth management division of Barclays in the Americas. Before joining Barclays, Lowitt was the last chief financial officer of Lehman Brothers before its demise in 2008.

Standard Life Investments, the UK-based fund management arm of Standard Life, enhanced its global fixed income offering with two new appointments, taking the headcount of the firm’s credit team to 28. Mark Kedar joined as a credit investment director focused on sterling. He was latterly at Kames Capital, where he was a fixed income fund manager for 15 years. Felix Freund joined as a European credit investment director. He was latterly at Union Investment in Frankfurt, Germany, where he worked as a fund manager specialising in corporate bonds.

Investec Trust, part of UK and South Africa-listed Investec, named Simon Hart as legal and tax counsel in Jersey with immediate effect. In his new role Hart will be advising Investec Trust Jersey internally on legal and tax matters while also working with external legal and tax advisors on new and existing trust and company structures. Hart joined from HMRC Solicitor’s Office in London, where since 2005 he had been practising as a senior lawyer while having conduct of tax and civil disputes right the way up to Supreme Court and European Court of Justice level.

Nucleus, an Edinburgh-based independent financial advisor-owned and controlled wrap platform, expanded its communications team with the appointment of Faith Liversedge to the newly-created position of IFA communications manager. Liversedge joined from Royal London-owned Bright Grey having spent four years within their communications team as marketing consultant where she was responsible for print, digital, and sales campaigns. Previously, she had similar roles at Prudential and Standard Life, where she supported the promotion of the Standard Life Wrap.

The investment management unit of SEI in London added Nick Samuels as senior analyst. Samuels was latterly head of fund research at London-based Dart Capital, which he joined in 2010.

UK-based AXA Wealth appointed David Stratton as head of business development, a new role created after changes to the wealth manager’s sales and distribution announced in January. Stratton was previously regional sales manager at the firm, which is the wealth management unit of AXA UK, the insurance group.

Kypros Charalambous, whose departure from Deutsche Bank Private Wealth Management emerged in March, resurfaced at London boutique Tacit Investment Management. Charalambous had been head of discretionary management for the Midlands region of the UK at Deutsche, having previously worked for Gerrard Investment Management.

Collas Crill, the offshore law firm based in the Channel Islands, hired Angela Calnan, a specialist in estate planning for Middle Eastern entrepreneurial families. Calnan, who joined as a senior associate, was latterly with Lawrence Graham's private capital team in Dubai, where since June 2010 she specialised in wealth structuring for international families.

Agnes Belaisch, emerging market debt strategist at UK-based Threadneedle Investments, left the company in the latest development in a shake-up of the firm’s fixed income business. Belaisch will move to a senior post at the European Financial Stability Facility/European Stability Mechanism in Luxembourg, this publication understands. She has a background in public policy and joined the firm from the International Monetary Fund in 2009. Two junior members of the fixed income team, an analyst and an investment specialist, also left the team, but they did not run any money.

London-based J O Hambro Investment Management hired Francesca McSloy to fill a newly-created dedicated marketing role in its charities team. She joined from AIM-listed brokers Numis, where she worked on the economics and strategy desk.

Eden Financial, the UK-based investment manager, hired Paul Mann and Jonathan Galloway as investment directors. They both joined from Bank Hapoalim International in London, where Mann was head of private banking and Galloway head of the UK desk.

Coutts, the wealth management arm of Royal Bank of Scotland, bolstered its banking, credit and treasury products team with two appointments covering the US, Switzerland and Asia. Donna Francioni joined as chief operating officer of the unit, while Sharon Maguire became head of banking products. They will both report to Simon Ridgers, head of banking, credit and treasury products.

UBS Wealth Management bolstered its Birmingham team with the addition of client advisors Johnny McGrath and David Price, adding to a number of other firms looking to reinforce their presence in the UK's regions. Johnny McGrath joined from Allied Irish Bank, where he was a senior manager in the Midlands private banking team, while Price joined from Credit Suisse, where he was an assistant vice president. The pair will now report to Phillip Wood, head of the Midlands region for UBS Wealth Management in the UK.

JP Morgan Private Bank made three senior London-based appointments in a bid to build its presence in the UK wealth management market. Nick Lewington joined the team as a senior investor, while Andrew Brock joined as a private banker, and Nicola Walden was appointed as a senior member of the capital advisory team. Lewington was latterly head of absolute return fixed income at Union Bancaire Privee in London. Brock joined from Bernstein Global Wealth Management, where he held several positions, most recently being based in Boston as a client advisor covering the northeast region of the US. Walden was most recently head of private client banking activities within Investec Private Bank.

Pioneer Investments, the fund manager owned by Italy’s Unicredit, beefed up its newly-created emerging market team based in London with five hires. The team now includes Sebastian Barry Taylor, consumer analyst and team leader; Ji Young Park, consumer analyst; Richard Clode, technical analyst for global emerging markets; Caroline Galligan, financial analyst; and Oleksiy Soroka, senior credit analyst. All of them report to Marco Mencini, head of equity and emerging market research, apart from Soroka who reports to Garrett Walsh, head of credit research for Europe and Asia.

Deutsche Bank Private Wealth Management in London hired Reginald Mills as head of key clients investments, WealthBriefing can exclusively report. Mills joined from Credit Suisse, where he was managing director and group head responsible for the private equity agency business within equity capital markets. In his new role, he is in charge of the sourcing, structuring and organising the distribution of bespoke investment opportunities to key clients globally.

International law firm Lawrence Graham promoted four London-based lawyers to partner level.Rose Chamberlayne, a private capital associate, develops and advises on wealth preservation structures for ultra high net worth families in various jurisdictions. Jon Lent, a finance associate who initially joined the firm in 2003, specialises in real estate, hotel and healthcare financing transactions in the UK and Europe. Carole Peet and Caroline Walker are a consultant and real estate associate respectively.

Aviva Investors said that its chief executive, Alain Dromer, will leave the firm and be replaced on an interim basis by Pat Regan, chief financial officer of the UK-based insurance group. Regan will continue as CFO of the group, assuming responsibility for the investment business while a permanent replacement is sought.

UK’s Neptune Investment Management promoted Thomas Smith to sole manager of its Latin America fund. Smith was named as co-manager of the Neptune Latin America Fund in July last year together with Felix Wintle, who will stay as head of US equities and concentrate his efforts on the firm’s US funds.

Kleinwort Benson, the UK private bank, appointed Thomas Cummins as director of its private wealth management business to assist private clients and their advisors in the Channel Islands, exploiting east African business opportunities specifically. Cummins has experience in serving clients in the Channel Islands and east Africa, having covered those regions as a relationship manager at Deutsche Bank previously. Cummins started his career in finance in Guernsey, where he acquired over 16 years of experience working for various high-profile financial institutions, before moving to Jersey in 2003.

Threadneedle Investments appointed Diane Sobin as co-manager of its £358 million (about $578 million) American Smaller Companies fund. Sobin joined the firm in September last year and will run the fund alongside Cormac Weldon, who is head of US equities.

Pictet Asset Management, part of Swiss private bank Pictet, appointed former senior Credit Suisse manager Luca Paolini as chief strategist. He is based in London. At Credit Suisse, Paolini was a director in the global equity strategy team. Previously, he held positions at AllianzDresdner Asset Management and Union Investment in Germany. Paolini reports to Oliver Ginguené, head of asset allocation and quantitative investments.

Cheshire-based Equilibrium Asset Management bolstered its client management team with two new hires. Andrew Hirst, who was latterly with PKF Financial Planning, joined as a chartered financial planner, while Lucas Jones joined from Honister Capital as a client manager. In his new role Hirst will split his time between the firm’s new Knutsford office and its Wilmslow headquarters as he works with clients and intermediaries. Jones, meanwhile, will be managing clients and supporting the advisory team.

Quilter, the UK wealth management recently sold by Morgan Stanley to a private equity firm, expanded its London investment team with former Kleinwort Benson colleagues Di Griffin and Dan Weale. Griffin, who joined as a vice president, has over 25 years’ experience working at Kleinwort Benson, most recently as head of the collective portfolio management offering. Weale, also a VP, spent the past five years working with Griffin in the Kleinwort Benson London office where he was a portfolio manager.  Prior to this he was employed at Thesis Asset Management.

AXA Wealth hired four new product specialists to support the growth of its Secure Advantage range in the UK regions. Matt Honour, who was appointed IFA specialist for the southwest, joined from MetLife. Also joining from MetLife is Chris Tingle, IFA specialist for the northeast and northwest. Laura Carroll, who joined as IFA specialist for Scotland and Northern Ireland, previously worked for Aegon. Lastly, Laura Jones, who was named bancassurance and banks specialist for the south, has been with AXA Wealth for seven years, most recently as a business development manager in the financial institutions division.

Accountancy firm Saffery Champness promoted Mike Strong, Pete Hackleton and Jeremy Ellis to partnership. Strong has been with the firm since October 2004 when he joined the Bristol office as an audit manager from KPMG.  He will become an audit partner, but will also be involved in the corporate affairs of private wealth and landed estates clients. Hackleton joined from troubled listed practice RSM Tenon as a corporate tax senior manager a year ago. He will become a tax partner in the London office. Ellis joined in January 2010. He becomes a partner in the Guernsey office, having played a key role in the growth of the Guernsey audit and tax partnership, taking responsibility for the Guernsey engagement quality control reviews and developing his own portfolio of audit clients.

Alliance Trust Investments reinforced its expansion in the fixed income market with the appointment of Juan Valenzuela as portfolio manager. Valenzuela will be based in Edinburgh, reporting to the firm's head of fixed income, Rod Davidson. Prior to joining Alliance Trust, Valenzuela spent six years at Scottish Widows Investment Partnership, most recently as investment director for the Absolute Return Bond Fund.

Investec Asset Management, part of UK and South Africa-listed Investec, confirmed that two portfolio managers and members of its commodities and resources team will be leaving on 1 July. Mark Lacey and Jonathan Waghorn will hand over the management of the Investec Global Energy strategies to Bradley George, head of the team. Investec said in a statement that they will be transferring to a “private physical commodities trading house”, but did not wish to reveal its identity.

Switzerland

The chief information officer of Credit Suisse, Karl Landert, left the job after serving in the role since 2008 and spending an 11-year career at the bank. David Mathers, chief financial officer and a member of the executive board, took full responsibility for the IT organisation in addition to his current role.

Societe Generale Private Banking named Antoine Blouin as chief investment officer of its Swiss arm, succeeding Olivier Aubenas. Aubenas was named as commercial director and a member of the executive committee of the private bank in Switzerland.

Blouin is responsible for managing the private bank’s investment teams and supervising the local asset allocation committee. Blouin has been with Societe Generale Private Banking since 2008.

Fouad Batshon, formerly at HSBC Private Bank, joined Julius Baer in a senior role at the bank's Middle East desk in Geneva. Before joining the Swiss private bank, Batshon was head of Egypt for HSBC's Middle East and North Africa team.

Raymond Baer stepped down from his role as chairman of Julius Baer; he has been associated with the bank that bears his family name for almost 25 years. Daniel Sauter, a board member since 2007, succeeded him. Peter Kuepfer also stood down from the board after several years.

EFG International nominated Michael Higgin as a new director. Higgin worked for Coopers & Lybrand, now part of PricewaterhouseCoopers, for over 30 years.

Europe

VP Bank, the Liechtenstein-based private bank, made a number of boardroom changes after its annual meeting in Vaduz. At the annual meeting, Hans Brunhart did not stand for re-election to the board of directors. He was replaced by Fredy Vogt, appointed chairman of the board at its inaugural meeting. Max Katz was also elected to the board.

RBC Wealth Management made two appointments for its offshore investment solutions and advisory teams in Jersey. Eva Wrona joined as director in investment solutions and Howard Phillips joined the advisory team. Wrona relocated from RBC in Toronto, Canada, where she most recently worked in a global role as head of investment management services. In her new position, she has overall responsibility for investment and client management within the recently launched Portfolio Construction and Manager Research service. She reports to David McFadzean, head of investment solutions. Phillips, who joins from Collins Stewart’s Jersey office, reports to Daniel Vaysleyb, head of offshore advisory.

UBS appointed Andrey Dubinin as location head in Geneva with special focus on Russia/CIS, taking up the role in June. Dubinin reports to Caroline Kuhnert in her role as regional head for Russia and regional head for Central, Eastern Europe and Turkey.

He most recently worked as the European director for corporate and partnerships for Aviva and country manager and chief executive for Aviva's insurance and pension businesses in Russia.

Bank of America Merrill Lynch appointed former senior UBS investment banker Alex Wilmot-Sitwell to be its president of businesses spanning Europe and emerging markets excluding Asia, with business lines including wealth management. The move came after a top appointment was made in the opposite direction: UBS appointed senior banker Jim Forbes from BofA Merrill Lynch.

Germany’s Sal Oppenheim, part of Deutsche Bank, appointed Doris Lemke and Jakob Graf von Waldburg-Wolfegg as manager and deputy manager respectively of its Munich branch. Lemke joined Sal Oppenheim approximately five years ago and went on to work in the Frankfurt office, while Waldburg-Wolfegg advised high net worth clients, based in the Munich branch, since starting at the bank in 2007.

Appleby Trust (Jersey) appointed Danial McKeon as client director of corporate and funds. McKeon has over 15 years of experience within Jersey's finance industry and joined Appleby Trust in January from a Jersey fiduciary services provider, where he was a director and in-house legal counsel of the capital markets division. Previously, McKeon spent six years at Mourant Ozannes, the Guernsey-based law firm.

Troika Dialog, a subsidiary of Russia’s largest bank Sberbank, appointed Anatoly Popov as head of the company’s retail business. In addition, he continues to supervise areas including the affluent client service division. He joined Sberbank in 2011.

Deutsche Bank’s chief economist and research head, Thomas Mayer, stepped down from the role, dividing his time instead between academic research and advising the German lender’s senior management and clients. He was replaced by David Folkerts-Landau, the bank’s current head of market research. Folkerts-Landau has worked with Mayer for over 20 years.

DPZ Capital, the Jersey-based wealth management boutique, appointed Catherine Taylor as chief financial officer. Taylor joined from HSBC Global Asset Management, where she was finance director and head of risk. She started her career at Deloitte in Jersey before moving to Royal Bank of Scotland International, where she rose to the position of group consolidation accountant.

Mangrove Capital Partners, the Luxembourg-based firm which specialises in early-stage technology investments in Europe and emerging countries such as India and Russia, appointed Marc Ingla as a partner. Up until recently Ingla was vice-chairman of FC Barcelona, where he managed all sponsorship, media and football affairs.

Geneva-headquartered Lombard Odier Investment Managers named Marcel van Ostaden as head of sales for the Netherlands, Belgium and Luxembourg. Van Ostaden joined from BlackRock, where he had been a sales director in the Netherlands since 2005. Earlier in his career, he worked for F&C Asset Management, also in the Netherlands. He is now based in Amsterdam and reports to Marius Wuergler, head of European sales at LOIM.

RBC Wealth Management, part of Royal Bank of Canada, saw the departure of Joe Donohoe, private client director at the firm’s trust operation in Jersey. Donohoe joined RBC as part of the acquisition of Abacus Financial Services in 2005.

Crédit Agricole named Giampiero Maioli as country manager for the French giant’s activities in Italy. Maioli, who was executive director and chief executive of Italian subsidiary Cariparma Crédit Agricole since 2010, succeeded Ariberto Fassati, who had been the bank’s group director for Italy since 2005. Fassati remained chairman of Cariparma.

Middle East and Africa

HSBC Bank Middle East has announced the appointment of Kris Werner as head of retail banking and wealth management for Qatar.

Itaú Private Bank International, part of Brazil's Itaú Unibanco, named Frances Aldrich Sevilla-Sacasa as chief executive. Sevilla-Sacasa was latterly interim dean of the School of Business Administration at the University of Miami. Before that, she was president of US Trust, Bank of America Private Wealth Management. She served as chief executive of US Trust Company when Bank of America acquired the firm in 2007. Earlier in her career, she worked for Citigroup and Deutsche Bank. In her new role, Sevilla-Sacasa is based in Miami, Florida.

International

The ILS Group, an Isle of Man-based fiduciary services firm, grew its Asian business, hiring two representatives for each of its offices in Shanghai and Beijing. Cindy Cheng and Ruth Guo joined the international team, working with Noe Benziane, the director of ILS Fiduciaries (Asia). Guo is based in Beijing, while Cheng works from Shanghai.

Bank of New York Mellon named PeterPaul Pardi as global head of distribution for its investment management business. Pardi joined from Arcapita, a private equity firm, where he was executive director and global head of institutional investment placement. He has also worked for PIMCO, Lehman Brothers Investment Management and Barclays Global Investors. He now reports to both Curtis Arledge, chief executive of BNY Mellon Investment Management, and Mitchell Harris, president.

Citisoft, the international consultancy for investment managers, made three top-rank appointments that it says are driven by rising demand for its services. In the firm’s outsourcing service, Citisoft hired Ken Back, an industry specialist with over 30 years’ experience. Back has been responsible for strategic outsourcing projects, client acquisitions, divestments and alliances in a variety of senior positions throughout the EMEA region for companies such as Citigroup, State Street, ISIS and Clerical Medical.

Former head of business development Steve Young was promoted to chief executive for Citisoft plc, while Jonathan Clark took the role of global head of financial services for Citisoft’s parent company Mahindra Satyam, in addition to his responsibilities as group CEO of Citisoft.

Sallie Krawcheck, former president of Bank of America’s global wealth unit, joined Gold Bullion International’s advisory board. At BofA, Krawcheck was in charge of global wealth and investment management – a role in which she oversaw $2.2 trillion in total client balances. Prior to BofA, she was chief executive and chairman of Citi Global Wealth Management.

RBC Wealth Management appointed Rodrigo Buller Souto as a director within the firm’s international solutions team; he most recently worked as a chief financial officer at a Miami-based family office.  Souto is based in the firm’s Miami office and lead the team’s expansion into Florida and select Latin American markets. He will report to Ralph Awrey, head of business development for the Americas for RBC Wealth Management’s global trust business.

RBC Wealth Management named senior manager Michael Kay to the newly-created position of head, international ultra high net worth credit solutions, reporting to Michael Lagopoulos, deputy chairman, RBC Wealth Management. Kay relocated to Toronto, and was starting his new role in August.

Sandy Flockhart retired as an executive director of HSBC Holdings, but stayed as a non-executive director as well as chairman of HSBC Bank. Flockhart, who also remained as chairman of HSBC Latin America Holdings and as a director of HSBC Bank Middle East, has been with the banking giant since 1974.

The Isle of Man office of offshore law form Appleby hired Mark Holligon as a partner in its litigation and insolvency practice. He joined from local firm Gough Advocates where he was a director and Isle of Man qualified advocate in the litigation team.

UK London-based Hearthstone Investments appointed Lucy Hawkins as an assistant fund manager for its forthcoming residential property fund. Hawkins will assist in the running of Hearthstone’s Property Authorised Investment Fund, alongside lead fund manager and director, David Gibbins.

North America

New York-based Brown Brothers Harriman appointed Jamie Cann as a vice president and relationship manager within its Charlotte, NC wealth management office.

Cann will be responsible for managing investment portfolios and advising clients on investment-related matters, the firm said. He will report directly to Rand Ayer, managing director and head of the Charlotte office.

Prior to joining Brown Brothers, Cann worked in business development for Afton Capital Management and spent seven years with Credit Suisse in the equities division in New York and San Francisco before that.

New York’s Geller & Company named Jerry Leamon, formerly global managing director at Deloitte, as vice chairman of its advisory board - a newly-created role at the firm. Leamon will advise Martin Geller, founder and chief executive, in addition to the firm’s senior leadership team, on a range of business matters. Leamon will also support the firm as it grows its business lines and considers expansion into new areas.

Colombus, OH-based Huntington Bancshares named Steven Short as director of Huntington Wealth Advisors, part of its wealth management business.

Short will report to Daniel Banhase, director of Huntington’s wealth, government finance and home lending division.

Prior to joining Huntington, Short served for five years as chief executive of UnionBanc Investment Services, a subsidiary of Union Bank of California, as well as executive vice president at US Bank.

Northern Trust hired Brian Heilman as a senior portfolio manager in the Washington DC market.

Heilman was most recently a senior portfolio manager at US Trust, Bank of America Private Wealth Management, as well as its predecessor firm in the DC area. In his earlier career he has also served in the Los Angeles, CA and Tokyo offices of Bank of America.

At Northern Trust Heilman reports to Joanne Stringer, managing director of the Washington DC office, which the firm opened last year.

San Francisco-headquartered First Republic Bank appointed Philip Hayes as deputy head of its trust unit, along with Alistair Christopher, who joins as vice president and senior trust officer, based in Boston.

The firm said it is focusing on broadening its trust capabilities in light of growing demand from clients, as indicated by the launch of a new trust company in Delaware in March.

Prior to joining First Republic, Hayes worked at Bessemer Trust for 11 years, most recently as managing director. Christopher was previously a senior vice president and senior trust officer at US Trust in Boston.

Baird launched a second office in Florida with an 11-strong team, including six financial advisors, and brought a veteran William Blair advisor into its Chicago office.

In Sarasota, FL, Baird brought in six advisors with over $825 million in client assets; the office is temporarily located at Two North Tamiami Trail, Suite 806, but will move to a permanent location later this year.

Paul Buskey was appointed managing director to lead the office. He joined Baird earlier this year as part of the Buskey McGinty Group, with around $265 million AuM. He will continue to work closely with investment clients while serving as branch manager, Baird said.

Other additions to the new office are Scott Woods, managing director; Jane McGinty, senior vice president; Charles Fortenberry, vice president; Chip Alario, vice president, and Meredith Woods.

In Chicago, Douglas Mabie joined Baird as a managing director at the firm's private wealth business, along with registered client relationship specialists Jennifer Krohn and Kate Pawela. Mabie is a William Blair veteran; he joined that firm - which like Baird is employee-owned - nearly 24 years ago.

Oppenheimer & Co, part of New York-listed Oppenheimer Holdings, hired Gordon Morse as managing director of investments and branch manager of its Atlanta, GA office.

Morse, who has over 25 years of experience in the financial services industry, joined Oppenheimer from Raymond James in Atlanta. In his new roles, he reports to Bob Okin, executive vice president of national sales.

Before Raymond James, Morse worked at Morgan Stanley Smith Barney and Bear Stearns, where he managed and developed branch offices, the firm said.

The Bank of New York Mellon named PeterPaul Pardi as global head of distribution for its investment management business.

He joined from Arcapita, a private equity firm, where he was executive director and global head of institutional investment placement.

In his new position, Pardi will be in charge of creating and carrying out strategies for the organization’s distribution, marketing and client service functions. All the firm’s sales teams in the world will report to Pardi, who will be based in London. He reports to both Curtis Arledge, chief executive of BNY Mellon Investment Management, and Mitchell Harris, president.

TD Ameritrade Institutional, part of TD Ameritrade, appointed Christine Gaze as director of practice management – a role in which she will develop and execute all advisor practice management and business consulting services for RIAs.

Most recently, Gaze served as executive director at Morgan Stanley Private Bank, where she led business development initiatives, helping advisors focus on their relationships with high net worth investors.

RBC Wealth Management brought in four financial advisors from Morgan Stanley Smith Barney for its Houston, TX office, according to Houston director, Jeff Heberling.

Gene Theobald joined the firm with more than 28 years of experience, while Otho Evans and Teresa Castillo have been in the industry for 28 years and seven years respectively.

The trio form part of a team and have an aggregate $330 million in assets under management and $2.6 million in production. Their primary focus is on tax-free municipal bonds, the firm said.

Additionally, Tim Hudnall, with approximately $90 million in AuM and $525,000 in production, joined from MSSB with a focus on fee-based asset management.

Minneapolis, MN-based US Bank appointed Brian Vowinkel as regional managing director for Ascent Private Capital Management, the bank’s wealth management unit that caters for clients with at least $25 million in assets. Additionally, the bank said it is due to open an office in Seattle, WA within the next few months.

Vowinkel’s main task is to drive growth within the new office while leading an initial team of seven professionals. He reports to Ascent president Michael Cole, and has 13 years of experience assisting UHNW families.

Previously, Vowinkel headed his own wealth management firm, Ranger Select, in Seattle. Prior to that, he opened Convergent Wealth Advisors’ Seattle office, where he was an equity partner and served as regional managing director.

M&I Wealth Management, part of BMO Financial Group, promoted Steve Marsich to senior vice president, managing director for its wealth management groups in Minnesota and Northwest Wisconsin.

Marsich is responsible for the management and direction of the team in the areas of private banking, investment management, financial advisors, personal trust and estate settlement services, the firm said.

Marsich joined M&I in 2004 and has served as the managing director of the Northwest Wisconsin group since 2006.

RBC Wealth Management added five advisors with combined assets of $530 million to its New York office, according to the firm’s Philadelphia, PA branch director, Scott Ceniccola.

Scott Sides, Josh Smeltzer and Brock Hively - who currently operate as the Sides group - join RBC from Morgan Stanley Smith Barney and will also see the addition of financial advisor Thomas McCracken, who also joins from MSSB, the firm said.

The Sides group has a production of $2.4 million, with assets of $295 million in-house and a further $200 million of held away 401(k) assets.

Financial advisor Denise Potter also joined RBC as an individual producer from MSSB. She partnered with the Sides team on her 401(k) business. Amy Jacobs and Linda Hickman also started as client associates.

Three wealth management executives who joined BMO Financial Group as part of the Toronto-listed firm’s acquisition of Marshall & Ilsley last year departed the firm.

Kenneth Krei, executive vice president and head of BMO Global Private Bank, which includes Canadian and US operations, is believed to have retired while Jim Duca, executive vice president, BMO Global Private Bank for the US, and Jamie Cahn, president of BMO Institutional Trust Services, left to pursue other opportunities.

Before joining BMO, Krei served as chairman, president and chief executive of Marshall & Ilsley Trust Company and chairman and CEO of M&I Investment Management. He joined Marshall & Ilsley in July 2003 as head of M&I's wealth management businesses.

Duca was previously senior vice president and managing director of private wealth management for M&I Trust Company, while Cahn held the same job title before the acquisition.

Philadelphia-based Glenmede, the investment and wealth management firm, added Michael Schiff and Richard Giarrusso to its New Jersey branch as business development manager and senior portfolio manager respectively.

Schiff is responsible for developing and maintaining relationships with high net worth individuals, families and tax-exempt entities, while Giarrusso provides investment counsel to client portfolios, the firm said.

Schiff and Giarruso both report to director Robert Kiep, who succeeded John Phillips at the start of the year when Phillips moved to become a portfolio and relationship manager.

Prior to joining Glenmede, Giarrusso was an investment manager within Morgan Stanley’s private client group, as well as a financial advisor at RBC Wealth Management. Schiff was previously sales director of Amicorp Services and currently serves on the board of directors for the Philadelphia Estate Planning Council.

Fairhills Group, the New York-based alternative asset manager that was founded as a family office for Edward Bronson, appointed Steven DiNunzio as principal and chief financial officer.

The appointment was made as Fairhills launched a strategy to expand its investment operations via acting as an “incubator” for experienced portfolio managers setting up new hedge fund strategies. Principals David Benway and Heather Malloy are leading these efforts.

DiNunzio’s appointment sees him look after all aspects of financial management, operations, accounting, auditing, compliance and reporting throughout the middle- and back-office across all funds managed by Fairhills. He joined the firm from Diamond Notch Asset Management, a multi-strategy hedge fund backed by BNP Paribas, where he had worked before Diamond, overseeing some $25 billion in hedge fund assets.

Florida’s Legacy Trust Family Wealth Offices appointed Tracey Devine as director of investment research and Ruthanne Lynch as relationship management coordinator.

Devine conducts economic and market research alongside the investment strategy team, which in turn directs Legacy's investment advice. She also facilitates strategic and tactical asset allocation, manager due diligence, portfolio management and client investment consulting.

Previously, Devine spent 18 years at Wachovia Bank, where she was most recently managing director and senior vice president of investment strategy and research within its wealth management division. Prior to that, she was director of research and vice president of portfolio strategies within Wachovia’s trust unit.  

Lynch is responsible for day-to-day interaction with clients, vendors and business partners, while managing all administrative functions for the relationship team, coordinating client events and providing marketing support to executive staff.  

Thomas Kalaris, chief executive of the wealth and investment management division of Barclays, relocated from London to New York and took on the additional role of executive chairman of the Americas, a new position at the UK-listed bank.

Kalaris retained his current executive responsibilities, both as CEO of the wealth and investment management division and his role chairing the Barclays client committee.

Kalaris and del Missier will co-chair the Barclays Americas management team, responsible for “capital, funding, risk appetite and the control environment across the businesses that operate in the region, as well as review and recommend the strategy for the Americas,” the bank said at the time.

Wilmington Trust added four wealth advisors from Wells Fargo Private Bank to its new Washington DC office, which it launched with William LaFond at the helm.

The four new hires were: Al Behar, vice president and senior private client fiduciary advisor; Bruce Hoffmeister, vice president and senior financial planner; Eric Schoener, vice president and senior private client advisor; and Jast Sohi, vice president and senior private banker.

Behar, Sohi and Schoener joined Wells Fargo together in early 2010, with Sohi and Schoener joining from US Trust Co.

Sallie Krawcheck, one of the most high-profile women in wealth management and the former president of Bank of America’s global wealth unit, joined Gold Bullion International’s advisory board.

Krawcheck left the world’s biggest wealth manager last year as part of a management layer removal by BofA chief executive Brian Moynihan.

Krawcheck joined four other business and government executives on GBI's advisory board, made up of: Wesley Clark, John Hathaway, Arthur Levitt and Dan Tapiero.

The former leadership team of Florida Investment Advisors, an affiliate of The Bank of Tampa, set up a new wealth advisory business in Tampa, FL.

The team, which includes Fenn Giles, president, Roger Martin, senior portfolio manager, and Lori Nadglowski, chief operating officer, has $350 million in assets under management, and the trio are all partners in the new venture.

Janney Montgomery Scott, the Philadelphia-based financial services firm, expanded its presence in Florida with a new office in Sarasota, appointing Barry Havener as senior vice president of investments.

Havener, who was latterly an advisor at Morgan Keegan, oversees $83 million in client assets and will be joined by two registered private client assistants: Donna Smothermon and Becky Havener. The trio previously worked together at Morgan Keegan and will operate as the Havener Financial Group.

Douglas Torretta was appointed as vice president/private client group. He also assumes leadership as branch manager in Sarasota, reporting to Michael Levin, senior vice president and regional manager.

Michael O'Neill was named chairman of Citi at the New York-listed bank’s annual meeting of stockholders in Dallas, TX yesterday.

In March, it emerged that O'Neill, a former chief financial officer of Bank of America, had been selected to take over from Richard Parsons as chairman of the board, after Parsons said he would not seek re-election at the April stockholders’ meeting and would be leaving the board. Parsons had been chairman of the board since 2009 and a board member since 1996.

In addition to O’Neill’s appointment, Dr Franz Humer and Joan Spero were elected to the board of directors of the banking group.

Additionally, it was announced in March that Alain Belda and Timothy Collins, who have been board members since 1997 and 2009 respectively, would not seek re-election to the board.

JP Morgan appointed Ian Leisegang as an executive director and private banker, responsible for delivering the firm’s investing, wealth transfer, credit and philanthropic services to ultra high net worth clients in southern California.

Based within the Orange County branch, Leisegang reports to regional executive Michael Walsh.

Leisegang was previously a private banker in Orange County at Deutsche Bank, and a trader in the firm’s South Africa office before that.

RBC Wealth Management appointed Rodrigo Buller Souto as director of its international solutions team. Based in Miami, FL, Buller Souto will head the team’s extension into Florida and select Latin American markets.

Buller Souto will work alongside RBC partners and professional advisors to expand the business’s presence in these markets. He reports directly to Ralph Awrey, who is head of business development, Americas, within the wealth unit’s global trust business.

The wealth and investment management division of Barclays appointed John Houlihan - formerly of Morgan Stanley Smith Barney - as a director and regional manager within its Atlanta, GA office.

Reporting to Steve Houston, managing director and head of sales management, Americas, Houlihan manages all aspects of the office while developing the regional business.

Southwest Securities, a broker-dealer subsidiary of SWS Group, hired Charles Eldemire from UBS in Texas as a regional director at its private client group.

Eldemire will be responsible for the Gulf Coast region in his new role, encompassing ten offices in Texas and two in Oklahoma. He also acts as branch manager of the private client group office in Dallas, TX.

Eldemire is a UBS veteran, having worked for the US business of the Swiss firm for 22 years as a managing director based in Dallas, TX.

Ian Lowitt, who served as chief operating officer at the wealth management division of Barclays in the Americas, is to leave the UK-listed firm. He was also the last chief financial officer of Lehman Brothers before its demise in 2008.

San Francisco’s Wells Fargo added David Halsch - latterly of UBS Wealth Management Americas – to its Denver, CO office as an advisor within its brokerage unit, as reported by SunSentinel.

Halsch started his new role from UBS' US brokerage, according to a recruiter with knowledge of the move, the publication said. Prior to UBS, Halsch was reportedly an advisor at Merrill Lynch for approximately 20 years.

The Investment Program Association appointed Ken Montgomery as education director – a role in which he educates advisors on diversifying client portfolios via direct investments.

Montgomery has eight years of experience within the broker-dealer community and will also lead the development and distribution of additional training resources.

In addition, Montgomery was previously responsible for providing an educational program for advisors at 1st Global Advisors. He also served as the resource partner liaison for all direct participation programs, mutual fund complexes and insurance carriers that support 1st Global firms.

New York-headquartered BNY Mellon appointed Jackie Franey as sales director for its Charitable Solutions Group. 

Franey, who joined the firm from Communities Foundation of Texas, remains based in that state and work to widen BNY Mellon’s network of philanthropic clients, as well as to develop existing relations. She reports to Eileen Foley, managing director of BNY Mellon’s Family Office and Advisor Solutions Group.

Northern Trust appointed Michele Havens as president of personal finance services, the Chicago-headquartered firm's wealth management unit, in the Los Angeles, CA region.

Havens will transfer from her current job as PFS president of the Seattle region in June. She will be replaced by Dino De Vita, who runs the firm’s private client services segment in Chicago, IL at the moment.

Itaú Private Bank International, part of Brazil's Itaú Unibanco, appointed Frances Aldrich Sevilla-Sacasa as chief executive.

Sevilla-Sacasa was latterly interim dean of the School of Business Administration at the University of Miami. Before that, she was president of US Trust, Bank of America Private Wealth Management. She served as chief executive of US Trust Company when Bank of America acquired the firm in 2007. Earlier in her career, she worked for Citigroup and Deutsche Bank.

In her new role, Sevilla-Sacasa will be based in Miami, FL and will spearhead the private bank’s expansion plans in Latin America outside of Brazil.

Sentinel Trust Company, the Texas-based multi-family office, hired Lissa Gangjee as a senior vice president and senior relationship officer.

Gangjee joins from Threshold Group, where she headed the company’s office in Portland, OR, as managing director and senior relationship manager in the wealth planning unit. Before that, she spent a decade at US Trust Company in New York in various roles.

In her new position, she will provide family wealth planning, together with Ross Nager, of counsel, as well as work on the overall strategic direction with a seat on the firm’s executive committee. She will be based in Houston, TX but work with clients across the country.

Virginia-based Cardinal Bank hired Adam Cohen as a senior vice president and senior portfolio manager within its wealth management division.

In his new role, Cohen will be responsible for investment oversight of Cardinal Trust and Investments, as well as individual portfolio management and client relationship management. He will be based at the bank’s headquarters in McLean, VA.

Dr Heinz Hockmann, a veteran of the asset management and banking industries, joined the independent private equity firm Lovell Minnick Partners, which provides capital to financial services firms.

Dr Hockman, who joined LMP as a senior advisor, is a former executive officer of Germany’s Commerzbank. He was with the bank for nearly 20 years, and during his career there held responsibilities for asset management, private banking and investment banking. He also founded the firm’s global asset management platform for international institutional clients.

After leaving Commerzbank he led the restructuring of Westfalenbank through 2005 and went on to join Fortis Investments.

In his new role he will advise Lovell Minnick’s investment professionals on deal sourcing, due diligence and evaluation, with specific focus on international asset management opportunities.

RBC Wealth Management has appointed one of its senior managers, Michael Kay, to the newly-created position of head, international ultra high net worth credit solutions.

Kay will originate and structure tailored credit solutions for RBC Wealth Management’s international UHNW client base. He will report to Michael Lagopoulos, deputy chairman, RBC Wealth Management, who leads the coordination and servicing of leading UHNW families and institutional clients.

Formerly head of credit products for RBC Wealth Management’s global trust and UK businesses, Kay will relocate to Toronto and begins his new role in August.

Raymond James & Associates, the broker/dealer subsidiary of US-listed firm Raymond James Financial, announced a new private client group structure, a week after the firm closed its acquisition of Morgan Keegan & Company.

The new structure contains the following divisions: Southern – headed by co-division directors Dick Ferguson and Bill Geary, and supported by regional directors Jim Hamilton, Van Thompson and Michael Turnbough; Eastern – lead by Ira Federer, and supported by regional directors Tim Walrond and Tom Galvin; Great Lakes – headed by Bill Roney; Southwestern – headed by Patrick Allison, supported by regional director Tommy Orr; North Central – headed by John Kuklenski.

In addition, Erik Fruland was named chief operating officer and senior vice president of Raymond James & Associates Private Client Group. A 20-year veteran of Raymond James, Fruland has spent the past 12 years in asset management services, where he was vice president and a member of the AMS investment committee. Prior to that, he worked under the direction of both the CFO and controller of the parent company, Raymond James Financial, and before that for RJ&A’s Private Client Group. Fruland will report to Elwyn.

HPM Partners, a New York-based registered investment advisor, opened a fourth office, located in Orange Country, CA.

The new office will be headed up by a four-person team, all formerly of Deutsche Bank Private Wealth Management’s operation in Costa Mesa, CA. The group, all financial advisors, is comprised of: Gerald Larr, Douglas McCrea, Stephen Nielander and Craig Wells.

California-based First Foundation Bank hired a new private banker in the shape of Nathan Raizman.

Raizman, who has assumed the title of vice president, has a private banking background at US Bank and First Western Trust Bank.

In his new role, he is responsible for generating real estate loans, business loans, and obtaining bank and investment deposits for new and existing clients.

Morgan Stanley Smith Barney hired a number of new advisors, including a team from UBS Wealth Management Americas, as reported by Dow Jones.

The hires included Jonathan Klausner and John Duffy, who joined MSSB’s Indianapolis, IN office from the UBS unit, along with other team members Derek Disalvo, a financial advisor, and client service associates Jenny Margason and Caryn Wilkinson.

The team reports to Kathy Birk, Indiana complex manager, and Kenneth Langston, branch manager, and generated $4 million in fees and commissions over the past 12 months and managed $650 million in client assets, the newswire said.

The Private Client Reserve of US Bank, which targets HNW clients with more than $1 million in investable assets, appointed Joel Yudenfreund and Sandra Fleming to its Palm Beach, FL office, according to Palm Beach Daily News.

Yudenfreund is an attorney with a number of years’ experience in the investment industry, having formerly worked at US Trust and Citi Private Bank, the report said. He joined as a wealth management strategist.

Meanwhile, Fleming was appointed as a senior portfolio manager. She was previously president of the Florida Wealth Management Group at Wilmington Trust/M&T Bank, according to the report.

Bernhardt Wealth Management bolstered its investment advisory team with the hire of Kenneth Robinson as a senior financial advisor.

Robinson joined from The Monitor Group, where he worked as a senior planner and, previously, director of operations.

In his new role, Robinson will be working with clients in all aspects of wealth management, including investment management, retirement planning, tax planning, philanthropy, estate planning and other issues.

Dynasty Financial Partners, the US wealth management firm, added industry veteran Jerry Eberhardt to its board of directors.

Eberhardt retired from Smith Barney, now majority-owned by Morgan Stanley, in 2009 after spending four decades at the firm. He latterly ran the company's western division and oversaw 2,500 financial advisors in 125 locations. He has also managed Smith Barney’s international operations in Asia and Australia.

Dynasty’s now 11-strong board is chaired by Todd Thomson, formerly chief financial officer and global wealth management chief executive at Citi.

Merrill Lynch veteran Myles Pritchard joined Concert Wealth Management as a managing director and financial advisor.

Pritchard was formerly a vice president at Bank of America Merrill Lynch’s Global Wealth Management business, having first joined Merrill in 1998.

Citi appointed Rohan Weerasinghe as general counsel and corporate secretary, while Michael Helfer, who currently holds that role, will become vice chairman as of 1 June.

Weerasinghe is a senior partner at Shearman & Sterling, an international law firm that advises businesses and governments. He has specialized over the past 35 years in representing financial institutions on issues such as corporate governance, complex transactions, IPOs and debt issues.

John Bryan and Lois Juliber will not stand for re-election to the board of directors at Goldman Sachs’ next annual meeting of shareholders.

Bryan has been a director and member of each of the board’s standing committees since 1999 and is retiring in line with the firm’s retirement policy. He is also lead director and chair of the board’s corporate governance and nominating committee, and will be replaced in these capacities by James Schiro.

Schiro has been a director since May 2009 and chair of the audit committee since September 2010. He was previously chief executive of Zurich Financial Services and CEO of PricewaterhouseCoopers before that.

M Michele Burns, who has served as a director since October 2011, will be replacing Schiro in his role on the audit committee.

Meanwhile, Juliber, who has been a director of Goldman Sachs since March 2004, is also stepping down.

Gresham Partners appointed Tim Joeng as a principal and senior member of its investment team, responsible for sourcing investment opportunities, performing manager due diligence and building portfolios for the firm’s high net worth clientele.

Joeng has over 10 years of alternative investment and portfolio management experience and in his new role reports directly to president and chief investment officer Ted Neild.

New York-based Evercore Wealth Management appointed Paulo Coelho as a vice president and wealth advisor.

Coelho is latterly of Convergent Wealth Advisors, where he was lead advisor to high net worth families, responsible for designing and implementing wealth management strategies.

Previously, Coelho was a senior investment analyst at Ipreo, and a senior analyst at Thomson Reuters before that.

In his new roles, Coelho will be based in New York City, reporting to Wendy Barasch, who is partner and head of business development.

Westwood Trust, a subsidiary of New York-listed Westwood Holdings Group, appointed Douglas Gilbert as associate vice president within its private wealth management team, based in the Omaha, NE office.

Gilbert has over 10 years of experience serving wealthy families, foundations and endowments through investment management and wealth advisory services.

Prior to joining Westwood, he served as private client associate advisor for First National Bank/Wealth Advisors in Omaha, Nebraska.

Canada’sTD Bank Group added Colleen Goggins to its board of directors, bringing the firm's total number of directors to 15. Goggins is former worldwide chairman of the consumer group at Johnson & Johnson, where she held several senior roles as well as having been a member of its executive committee from 2001 to 2011.

Asia-Pacific

Australia and New Zealand Bank cut 230 positions from its underperforming wealth management unit as part of the 1,000 planned job cuts announced in February to reduce operating costs, the bank confirmed. The bank said it would try to find other jobs for the company for as many of the now-unemployed people.

HSBC named Stuart Milne as the new chief executive for its India business. Milne replaces Stuart Davis, who moves to another position within the firm. He was previously the country manager for Japan. In this new role, he works closely with Naina Lal Kidwai, director at HSBC Asia-Pacific and country head of the bank in India.

ABN AMRO, the Dutch Lender, hired Daniel Teo as country chief operating officer for Singapore and COO of private banking for Asia. Teo was previously regional COO and managing director at Bank of Singapore.

Acadian Asset Management Australia named Andrew Hair as new chief executive, from his previous role as the acting chief for the firm. He replaced Chris Clayton who left in March to become head of asset management sales. Hair joined Acadian in 2007.

Macquarie Private Wealth promoted one of its senior vice president and portfolio manager, Mike Philbrick, as branch manager for a new office in Toronto, ON. He will lead a team of advisors as the firm makes further hires there.

Franklin Templeton Investments named Stuart Devlin as southern regional manager of the retail division. Previously he was head of retail sales for ING investment management and also served as state manager for AXA Australia.

Australian fund manager Hyperion Asset Management promoted Tim Samway as managing director replacing Dr Emmanuel Pohl, the founder of Hyperion. Pohl has left the asset management unit to focus on the newly spun-off private equity business. Samway is the institutional business director and founding shareholder of Hyperion.

Multiport’s managing director and founder John McIlroy is leaving the business in June and will be replaced by Libby Roy, previously the head of financial planning at ipac, the wealth management unit of AMP.

Mirae Asset Global Investments appointed Jung Ho Rhee as a chief executive for Hong Kong, replacing Woong Park, who resigned for personal reasons. Rhee was previously a senior executive director at Mirae Asset.

Australia and New Zealand Bank hired Richard Yetsenga as head of global markets research, while Li-Gang Liu became chief economist, China. Yetsenga was previously the head of foreign exchange research and will be based in Sydney, where he will oversee all of the firm's research unit, including FX, rates and commodities teams. Liu used to be head of Greater China economics and is now responsible for developing the Greater China economics team, covering China, Taiwan and Hong Kong.

JP Morgan announced its global investment banking chief Jeff Urwin will take on the additional role as chief of Asia-Pacific, and relocate to Hong Kong. He is currently head of global investment banking coverage, capital markets and mergers & acquisitions.

Fangda Partners is opening an office in Hong Kong and hired Peter Yuen to lead it. He moves from UK firm Freshfields Bruckhaus Deringer where he served as Hong Kong-based partner since 2007.

Isle of Man-based ILS Group hired Cindy Cheng and Ruth Guo as office representatives for Shanghai and Beijing, assisting Noe Benziane, the director of ILS Fiduciaries (Asia), in delivering ILS products and services to professional and high net worth clients.

Executive search firm Korn/Ferry International named Navnit Singh as chairman and country head of India in 3 May, also functioning as global technology market leader for the unit. He joined from rival Heidrich & Struggles.

Liechtenstein-based VP Bank appointed Reto Isenring in the newly created role of chief operating officer and deputy chief executive. He was previously interim CEO of the bank's Singapore branch, pending the appointment of Ian Pollock, who now officially takes over as CEO of VP Bank Singapore, in addition to his leadership role in Hong Kong. Pollock has headed VP Bank Group's activities in the Asia-Pacific region since 1 January 2012.

Singapore-based hedge fund Dymon Asia Capital hired Jay Luo as president and partner. He starts in June and will oversee risk management and operations from the Hong Kong office. Luo was previously the head of SAC Capital Advisors in Asia-Pacific.

The third and final member of management consultant Mercer’s Singapore-based wealth management team, Iris Kao, left last month for a private bank. Kao was principal consultant on the team, reporting to Hansi Mehrotra, Asia-Pacific head of wealth management consulting, who left in December.

Nomura named Nobuhiro Sano as head of wealth management for Singapore, replacing Tsukasa Miyachi, who resurfaced last month at Barclays. Sano was transferred from Shanghai, where he was chief representative of the bank’s Shanghai office. He reports to Koki Miura, head of Asia-ex Japan for the division.

Credit Suisse added Chew Soon Gek as head of strategy and economic research in the private bank, Asia-Pacific, based in Singapore. She joined from the recently-merged Clariden Leu, where she was the head of portfolio management and investment strategy Asia from 2009. Kum Soek Ching also rejoined Credit Suisse as head of Southeast Asia equity research, based in Singapore, reporting to Chew, after a year's absence. 

The head of Southeast Asia for Coutts, former UBS-banker Manfred Liechti, left after two years, to be replaced by the bank’s global non-resident India head Ranjit Khanna, effective immediately. Based in Singapore, Khanna will lead teams of private bankers responsible for high net worth clients in Singapore and Southeast Asia.

Meanwhile the UK private bank said it was looking to bolster its products and services business in Asia by hiring 10 senior bankers within the next few months. It also is looking to grow its Asia philanthropy and family office business division.

Tyndall Asset Management, the Australian advisor owned by Japan’s Nikko Asset Management, named Mike Davis as the new managing director. Davis takes over from Craig Hobart, who resigned. He joined from Causeway Asset Management, an alternative asset management firm he co-founded in 2004, and now reports to Charles Beazely, chief executive of Nikko AM.

CIMB Group Holdings, the Malaysian financial group, appointed Renzo Christopher Viegas as the new group deputy chief executive and head of consumer banking for CIMB Bank, the firm's banking subsidiary. Viegas was previously the deputy CEO for retail and international at RHB Bank. He also assumes the position of executive director of CIMB Bank.

Sarasin hired Timon Tam to the newly-created role of head of investment consulting for the North Asia business. Tam brings 25 years of private banking experience to the role and reports to Damien Ng, head of investment consulting, Asia.

BNP Paribas Investment Partners named David Grybas the new chief executive for Australia. Grybas replaced Robert Harrison, who moved to New York to become head of the North American business. He was previously the co-head of institutional business development.

Boyden, the recruiter, appointed Peter Dale as executive director for its expanding Australian franchise. In this role, Dale takes the responsibility of recruiting for senior executive and functional leader roles for financial services, professional services and non-profit institutions in Australia and internationally.

The Government of Singapore Investment Corp appointed Lim Chow Kiat as deputy chief investment officer, in addition to his role as president of GIC Asset Management. In this expanded position, he assists Ng Kok Song, GIC CIO, in building group investment policies and strategies. 

MLC, the wealth arm of National Australia Bank, chose Delaware Investments as its new sub-advisor to help manage the around $1 billion worth of equities in its portfolio. Delaware, led by Jeffrey Van Harte, replaces Capital International.

The Bennelong Group, the Australian investment and fund management firm, named Michaet Pratt as non-executive director for the board and director of the Bennelong Foundation. Pratt joined from Standard Chartered Bank where he was head of consumer and small and medium businesses banking for Northeast Asia. 

Bank of America Merrill Lynch asked around 32 employees at its wealth management unit in India to leave as the stock market slowdown worsened and the economy continued to be sluggish. The affected employees included some advisors and support staff.

Fullerton Securities & Wealth Advisory appointed Rajnish Kumar as chief executive for India. Kumar used to be the head of the firm's wealth management business and growth strategy for India. He joined the company in 2008 as founder member.

BNP Paribas Wealth Management hired Akshay Jaitly as head of non resident Indians for North Asia. Jaitly was previously the global head of private banking at Axis Bank and joined the French bank in late March 2012. He reports to Stephanie Honig, head of Indian markets. 

BNY Mellon named Chong Jin Leow country executive and general manager of the Singapore office. Leow succeeded Jai Aya, who now focuses on his role as head of the global sovereign institutions group. Leow, previously the head of Asia-Pacific asset servicing, continues to report to Tim Kearney, vice chairman of BNY Mellon and chief executive of BNY Mellon Asset Servicing. He now also reports to Steve Lackey, chairman of Asia-Pacific.

Macquarie Investment Management Australia made four Europe-based hires, taking the headcount in the region to 14. Jerry Devlin joined as head of UK financial institutions, Richard Guerin as head of European consultants relations, Xavier Michel as manager of pooled funds, and Kate Giblin as manager in the sales and marketing support team. The firm said the appointments reflect the firm’s growth in Europe.

Former Standard Chartered global head of financial markets sales David Carr joined Australian and New Zealand Banking Group to fill the newly-created role of global head of sales, based in Singapore. He reports to Steve Bellotti, managing director for global markets. 

Merlon Capital Partners, the Australian boutique fund management firm, announced plans to add a new portfolio manager effective June. The role will be filled by Adrian Lemme, who moves from AMP Capital. With this hire, Merlon Capital effectively brings its total Australian equities fund management team to seven.

Wilson Sonsini Goodrich & Rosati, the US-based law firm, appointed Zhan Chen as partner based in Shanghai. Chen will be dividing her time between the Shanghai and Hong Kong offices, focusing on private equity, going-private transactions and M&A. She joined from Davis Polk & Wardwell where she worked for 10 years. 

Australian investment manager AMP announced the departure of John McIlroy, the founder and managing director of subsidiary Multiport to "pursue other opportunities." Libby Roy, previously head of financial planning at ipac, another AMP division, took over the role.

Squire Sanders, the Ohio law firm, expanded its Asian franchise with a new Singapore office. The local team is led by Ignatius Hwang, along with three lawyers. The firm opened a similar office in Hong Kong in February and said it is mulling the launch of a Korea branch in the next months. 

Equity Trustees, the Victoria-based wealth manager, named Anna Hacker to the newly-created role of senior manager - estate planning. Hacker joined from Moores Legal where she was provided legal advice to accounts and financial planners. At her new post, she reports to Lachlan Wraith, head of personal estates and trusts. 

Mirae Asset Global Investments announced Jisang Yoo as its new chief executive for India. Yoo replaced Arindam Gosh. She was was previously the chief financial officer for the firm. 

Coutts hired three executives for its Asia business. Edouard Hoepffner joined as executive director and head of new product development and client solutions, Elaine Ngim stepped in as director and head of fixed income, while Kieran Calder became director and head of equities. All three are based in Singapore. Hoepffner now reports to Ranjit Khanna, interim head of products and services for Asia, while Ngim and Calder both report to Coutts’ chief investment officer for Asia, Norman Villamin.