The latest senior moves in the North America wealth management market.

Rothschild & Co has appointed Timothy Lufkin as a managing director in the financial sponsors group in its global advisory business in North America.

Lufkin brings more than 25 years of investment banking and sponsor coverage experience to the job, where he will help manage and grow the firm’s relationships with private equity clients. Lufkin will be based in New York.

Global advisory, a division of the Rothschild & Co group, designs and executes strategic M&A and financing solutions and advises large and mid-sized corporations, private equity, families, entrepreneurs, and governments.

“Tim is an authority on private equity and he is consistently recognized for his leadership in the industry. He is an innovative dealmaker and his experience and expertise will provide immense value to our clients,” stated Jimmy Neissa, head of Rothschild & Co North America. “Tim’s proven ability to develop business-oriented solutions for clients and to create deep long-term relationships makes him a strong fit with our culture. We welcome him to the firm.”

Prior to this, Lufkin was a managing director in the financial sponsors group with Truist Securities. Before that, he worked with private equity clients at American Capital where he was an MD in the firm’s sponsor finance group; Lufkin also served as an MD at Cowen in New York where he originated and executed mid-market M&A deals for private equity backed companies.

Lufkin spent the early part of his career with DLJ Securities, working for over 10 years with both public and private middle market companies. 

BNY Mellon 
BNY Mellon Wealth Management has named Patrice Wetzel as senior client strategist, joining from Wells Fargo’s private bank.

In her new role, Wetzel works with ultra-high net worth families, including business owners, corporate executives, private equity and hedge fund principals, family offices, and foundations and endowments on their comprehensive wealth needs. She is based in Chicago and reports to regional president Stacie Kuhlman.

Wetzel brings over 30 years of financial experience to this role, including two decades of wealth and 15 years of large corporate lending experience. She joins BNY Mellon Wealth Management from Wells Fargo Private Bank where she served as senior private banker in its private bank group. Prior to this, she worked in a senior role at Northern Trust Private Banking.

Patrice earned a bachelor’s degree from Lake Forest College and a master of business administration from Loyola University. She also holds a Series 7 license and Series 66 license. Patrice is an active member of her community and has served on a variety of community boards.