June was a busy month across multiple regions for the wealth management industry.
RBC Wealth Management hired the Johnson Prince Group for its Century City, California office. The Johnson Prince Group is comprises Daniel Johnson, senior vice president and financial advisor, who has 21 years of industry experience; and John Prince, senior vice president and financial advisor, who has 26 year of experience; and Kim Johnson, senior registered client associate, who has 14 years of industry experience. The team joined from Merrill Lynch.
Raymond James, the US-listed wealth management group, recruited financial advisors Mark Griffin and Mark Liley to Raymond James & Associates (RJA) – the firm’s traditional employee broker/dealer – in Denver, Colorado. Griffin and Liley joined Robert Campbell and Jarrod Biebel, who operate as First Avenue Wealth Partners of Raymond James. The two advisors moved to RJA from Wells Fargo Advisors, where they previously managed approximately $505 million in client assets. They provide wealth management services to business owners, high net worth individuals, endowments and foundations.
Griffin has more than four decades of industry experience and extensive expertise in institutional bonds. He has worked previously at various firms, including A.G. Edward & Sons, Dain Bosworth, Kirchner, Moore and Company, where he served as partner and senior vice president, and Boettcher & Company, where he served as general partner and sales manager. Most recently, Griffin worked as a financial advisor at Wells Fargo from 2001 to 2018. Prior to his financial services career, he served as a captain in the United States Army. He received his bachelor’s degree in economics from Virginia Military Institute.
Liley began his financial services career in 2002 at The Leaders Group. He later joined Wells Fargo, where he worked as a financial advisor for nearly 15 years, specialising in custom discretionary portfolio management. Liley graduated from Colorado State University with a bachelor’s degree in economics.
Andrew Salesky was named head of advisor technology solutions at Charles Schwab, taking over from Ed Obuchowski, who left in April to become chief technology officer at Advisor Group.
US-based United Capital Financial Advisers appointed Kara Murphy, CFA as its new chief investment officer. She has worked in the industry for more than 20 years. Her appointment filled a vacancy left by the previous CIO Rob Brown, who has since left United Capital. Murphy was previously CIO at SunAmerica Asset Management, a member of America International Group (AIG). She also served as a vice president, equities analyst at Chilton Investment Company and an associate vice president, equities analyst at Morgan Stanley Investment Management.
Kentucky-based Stock Yards Bancorp, parent company of Stock Yards Bank & Trust, appointed James Hillebrand as chief executive. Hillebrand has served as president of the company and the bank, and has served on the company's board of directors since 2008. Hillebrand joined the company in 1996 to develop its private banking group. He took over from David Heintzman, who retired as CEO and moved into the role of executive chairman of the board. Heintzman joined the company in 1985. In 1992, he was elected President, and has served as chairman and CEO since January 2005.
Philip Poindexter, executive vice president and chief lending officer, became president of the company and the bank. Poindexter joined the company in 2004 as executive vice president and director of commercial lending.
Emir Culov, who had been a former portfolio manager director and senior advisor at Morgan Stanley since March 2012, left that firm to join Wells Fargo Advisors Financial Network. He is based in Buffalo, NY.
Canadian Imperial Bank of Commerce, aka CIBC, added two former Wells Fargo bankers to its wealth management and commercial banking teams in Denver, Colorado. Kate Rooney and Vanessa Ringdahl joined CIBC: Rooney is a member of CIBC’s commercial banking team as a managing director and relationship manager. Ringdahl joined its private wealth Management team as managing director and senior private banker.
Rooney has more than 12 years of financial industry experience. Prior to this, she spent 10 years in a variety of commercial banking roles at Wells Fargo Bank, most recently serving as relationship manager and vice president managing a portfolio of middle market clients.
Ringdahl has more than 14 years of financial industry experience to the firm. Previously, Ringdahl spent over a decade at Wells Fargo Bank. Most recently, she served as a vice president, advising ultra-high net worth individuals and families about wealth preservation, transition, lending, planning, trust and fiduciary services and investments.
Katten Muchin Rosenman, the law firm, appointed Cynthia Brittain as a partner in its trusts and estates practices in the Los Angeles–Century City office. Brittain previously served as the director of inbound wealth advisory and a senior fiduciary officer for Northern Trust, where she was responsible for designing estate plans and advising on the use of multi-jurisdictions for effective tax planning. She was also employed as an attorney in London and Hong Kong, and has extensive experience counseling clients on tax mitigation and cross-border wealth transfer strategies as well as succession planning for family-owned companies.
LPL Financial Holdings appointed Allison H Mnookin to its board of directors. Mnookin joined with two decades of experience as a technology executive for high-growth business software companies. She most recently served as chief executive of QuickBase Inc., a provider of online application software which was formerly a division of Intuit, Inc. Prior to leading QuickBase, she held several positions at Intuit, including general manager in their small business division where she was responsible for leading a portfolio of Intuit’s business products, including QuickBooks.
US Global Investors, the registered investment advisory firm, said that its president, general counsel and chief compliance officer, Susan McGee, had resigned. She was asked to join a fund board at Goldman Sachs Asset Management. She continues to practice law and spend more time with her family.
Fiduciary Trust Company appointed John P Morey in the newly-created position of vice president, head of client service and business development. He reports to president and chief executive Austin V Shapard and will be a member of the firm’s senior management team. Morey joined from GMO, an institutional asset management firm, where he was a partner and served as head of client relations, North America, for the past 15 years.
US wealth manager Hilliard Lyons hired Looking Glass Wealth Advisors to join its Asheville, North Carolina office. The team were previously associated with Oppenheimer & Co. The group is aligned into two teams, each with three wealth advisors and one client service associate. The teams – the Blue Ridge Group and the Ridgeline Group – are based in Hilliard Lyons’ branch office at 79 Woodfin Place in Asheville.
Silicon Valley Bank, which has a private banking operation, appointed Jane Ullman as managing director at its Portland, Oregon office. Ullman is `responsible for supporting Oregon's innovation economy and will lead SVB's local banking team. She has more than 20 years of experience as a finance and operations executive for organizations including Rulespace, Shiftwise and The Clymb.
New York Life Investment Management appointed Jean-Pierre "JP" Gerard as head of business intelligence and data analytics. He report to Kirk Lehneis, chief operating officer of NYLIM. Most recently, Gerard served as head of analytics for North America at Mastercard. In that role, he was responsible for managing the delivery of multi-million dollar analytics projects for top banks worldwide. He also led Mastercard's campaign analytics team in the design and measurement of over 200 multichannel marketing programmes.
First Republic Bank appointed a trio of former Wells Fargo wealth managers: Vincent Lovoy, Adam MacDonald, and Todd Halbrook. Lovoy, MacDonald and Halbrook were each named managing director and wealth manager, working at the bank’s office at MacArthur Boulevard in Newport Beach. Lovoy has more than 30 years of experience creating customized wealth planning strategies for high net worth individuals, families and businesses. Before joining First Republic, Lovoy was MD in the private client group at Wells Fargo Advisors, and he worked for 15 years at Smith Barney (now Morgan Stanley Wealth Management). Earlier in his career, he worked at Kidder, Peabody & Co. and Crowell, Weedon & Co. MacDonald has more than 11 years of financial services experience. Prior to his latest job, he was senior vice president in the Wells Fargo private client group. Halbrook has 20 years of industry experience, and was also previously at the private client group of Wells Fargo.. Earlier in his career, he worked for 12 years at Smith Barney (now Morgan Stanley Wealth Management.
Key Private Bank appointed Cathy O’Malley Kearney as head of the bank’s institutional services. O’Malley Kearney served clients at Key for almost 20 years, most recently serving as national head of trust and chief fiduciary officer.
US-based Ballast Asset Management appointed George Northrop as director of marketing and client service. He previously served as director of marketing for Montag & Caldwell, an Atlanta-based manager focused on growth equities, for over 15 years.
Peapack-Gladstone Bank appointed Christopher Colombo as senior managing director and wealth advisor of Quadrant Capital Management, a registered investment advisor and subsidiary of Peapack-Gladstone Bank. It also appointed Vincent DiCindio as senior managing director for the commercial private banking team at Peapack-Gladstone Bank. Columbo previously worked at the wealth structuring group at Merrill Lynch, where he was an advisor and new business producer for the last 22 years. DiCindio joined Peapack-Gladstone Bank with more than 25 years of experience in the financial services industry. He has held roles at TD Bank, JPMorgan Chase Card Services, AIG Consumer Finance Group and Citigroup.
Weinberger Divorce & Family Law Group, based in New Jersey, said six of its attorneys have become Certified Matrimonial Law attorneys. The six persons are Weinberger Divorce & Family Law Group attorneys Dianna Cavaliere, Michael J Evans, Robyn Howlett, Laura Mendonca, Veronica Norgaard and Rachel Partyka. RBC Wealth Management appointed Amy Whittington to head up its Houston Galleria branch and Angelica Nelson as Denver Tech branch director. Whittington, who has over 20 years of industry experience, most recently was the founder of Optic Financial Solutions, a consulting firm which works with regional and wirehouse advisors, advisory teams, independent broker dealers and financial companies.
RBC Wealth Management appointed Amy Whittington to head up its Houston Galleria branch and Angelica Nelson as Denver Tech branch director. Whittington, who has over 20 years of industry experience, most recently was the founder of Optic Financial Solutions, a consulting firm which worked with regional and wirehouse advisors, advisory teams, independent broker dealers and financial companies. Nelson has 18 years of industry experience and joins from Scottrade / TD Ameritrade.
Seiler, US-based advisory, tax, and accounting firm in the high net worth sector, hired Sanjay Agarwal and Amy Miller as partners. Agarwal is an international tax and corporate M&A partner at Seiler. He leads the firm's international and corporate tax practice. He focuses on international and corporate tax planning for multinational corporations and other business entities, and regularly consults with his clients on M&A tax and transfer pricing matters. Miller joined the firm in January 2012 as a tax manager. She is based in the firm’s San Francisco office. Miller is also a member of the firm’s high net worth practice group.
BBVA Compass, the US subsidiary of global financial services group BBVA, appointed Celie Niehaus as the bank's chief compliance officer and a member of its management committee. As CCO, Niehaus heads up all compliance activities for the whole of BBVA Compass, including the bank's retail, commercial and wealth units. Niehaus has more than 30 years' experience in risk management, all in the financial services industry. Most recently, she served as the CCO for Capital One retail and direct bank and enterprise services, and was also the company's chief privacy officer.
Global asset management firm Northern Trust appointed Michael Lee as senior vice president and regional wealth advisor in its Chicago office. Before joining Northern Trust, Lee was a senior vice president at Abbot Downing, the multi-family office group for Wells Fargo, where he led the Chicago office. He has almost 25 years of experience as an attorney and wealth advisor focusing on income and transfer tax planning and wealth management for ultra-high net worth individuals and families. He is based in Chicago.
JP Morgan Securities appointed Jonathan McPharlin, Daniel Halperin and Charles Cooper, Jr as financial advisors. They operate out of the firm’s office at 10 S Dearborn, Chicago, Illinois. They also report to regional director Michael Maron. All three new financial advisors have joined the firm from Merrill Lynch.
Brinker Capital, a US investment management company, appointed Jeff Raupp as chief investment officer. He reports to Chuck Widger, founder and executive chairman. Prior to this appointment, Raupp served as the company's director of investments for nearly two years.
Baker McKenzie, the international law firm, added five partners to its teams in California, a move that includes the launch of a new office in Los Angeles.
Mark Goodman and Ethan Miller operate out of the firm's San Francisco/Palo Alto office, while Robin Samuel, Barry Thompson and Joe Ward became founding partners of its new Los Angeles office. All five joined from another "international law firm".
US-based PSECU Financial Services promoted Stephen Landersman as its newest wealth advisor. Landersman is responsible for offering retirement planning, asset management, and advanced estate planning services to clients. He previously worked for Financial Network Investment Corp, MetLife, Invest Financial.
Fiduciary Trust Company promoted Jody King to the newly-created position of vice president and director of financial planning. King previously served as vice president and director of client services and has been with Fiduciary Trust for 13 years.
The Securities and Exchange Commission named Sarah ten Siethoff as associate director for the division of investment management’s rulemaking office. She develops recommendations for rulemaking and other policy initiatives relating to funds and investment advisers under the federal securities laws. She has been a member of the division of investment management in a variety of positions since 2008, serving most recently as deputy associate director in the rulemaking office. Prior to joining the SEC, ten Siethoff was an associate with Cleary Gottlieb Steen and Hamilton LLP.
Icon Wealth Partners, an independent wealth advisory firm headquartered in Houston, Texas, appointed Mike Cregan as managing director and head of fixed income strategies. He has worked for Underwood Neuhaus, Texas Commerce Bank, Chase Securities, JP Morgan Securities and Avalon Advisors.
Rockefeller Capital Management appointed Gene Mulligan as managing director and head of managed, structured and alternative products for wealth management. He was most recently senior vice president for investment products and platform at Lincoln Financial Network, the wealth management affiliate of Lincoln Financial Group.
Raymond James & Associates, the employee broker/dealer of Raymond James Financial, recruited financial advisors Craig Cooley; Lee Miller; Michael Wegener; and Tim Godin to its offices in Bay City and Farmington Hills, Michigan. Cooley, Miller and Wegener opened Raymond James’ newest office in Bay City, operating as Water Street Wealth Management of Raymond James. The team joined from Wells Fargo Advisors, where they previously managed more than $500 million in client assets. They are joined by fellow team members Brian Abraham, Amy Goulet, Lynn Gehoski, Charisse Roenicke and Michele Valentine. Cooley, Miller and Wegener have been in the financial services industry for a combined 57 years and serve a diverse clientele of families, business owners and professionals.
Lowenhaupt Global Advisors, the US family office, brought back one of its founders as president. Chris Quinn works alongside chairman and CEO Charles Lowenhaupt in setting the strategic direction of the firm, developing LGA’s management team and managing its operations in St Louis, New York and Chicago. Quinn helped found LGA in 2006 and served as chief family office executive. He has also run a venture capital firm, served on numerous business and charitable boards and advised family offices across the globe, primarily on succession, planning and investments.
Sanctuary Wealth Partners, which was launched in May as a new division of Chicago-based Noyes Group, appointed David Shane as a managing director. Shane has more than 28 years' experience in the sector. Previously, he was the lead partner of FGMK’s financial services practice.
BNY Mellon Wealth Management named Chuck Long as regional president in Los Angeles. Long will report to president of US Markets Southwest Shannon Kennedy. Long previously head of Greater China working out of Hong Kong in international wealth management. Long held other leadership positions in sales management and distribution but started his career at BNY Mellon as a senior wealth director in Ohio. Prior to joining BNY Mellon, he was a principal and owner of a registered investment advisor in Cleveland.
Citi Private Bank appointed Ed Riley as head of equities for the Americas, an expanded role formed by the US bank. Riley is based in New York, reporting to Kristen Bitterly Michell, capital markets Head for the Americas.
Lyell Wealth Management appointed Todd Shimada as a portfolio manager. He is based at Lyell Wealth’s offices in Menlo Park, California. Shimada has over 20 years of investment management experience at national and regional firms.
Foresight Wealth Management appointed JD Slatter as a partner and wealth advisor. Slatter has 17 years of experience in financial services, having most recently served as a wealth advisor and partner at Lefavi Wealth Management.
US Trust hired William Lavelle as a private client advisor in its Los Angeles office. He was previously a portfolio manager at City National Rochdale. Maureen Zavatone joined the Hartford, Connecticut office as a private client advisor. She was previously at Morgan Stanley Wealth Management as a senior vice president and financial advisor.
Kennebec Wealth Management, an independent advisory firm in Durango, Colorado, appointed Rachel Kuss as vice president of investments. Kuss has 18 years of industry experience.
Renasant Bank appointed Gabe Godbold as a private banker and financial advisor in Ridgeland, Mississippi.
JP Morgan Asset Management appointed Rob O’Rahilly as global co-head of asset management solutions. He reports to Chris Willcox, chief executive of JPMAM, and is based in London. O’Rahilly replaces former global co-head of solutions Jed Laskowitz, who has transitioned to the role of CEO, intelligent digital solutions. Mike O’Brien continued as global co-head of solutions alongside O’Rahilly, having relocated from London to New York. Patrick Thomson, head of international institutional at JPMAM, succeeded O’Brien as EMEA chief executive of the organization.
O’Rahilly spent more than 20 years at JPMorgan Chase. Most recently, he was chief investment officer for EMEA and Asia, with responsibility for investment portfolio strategy, asset allocation and origination of the company's structural investment portfolio (ex-US) of more than $130 billion and managed a team of 60 investment professionals in more than 10 locations.
RBC Wealth Management appointed David McClure as senior vice president and financial advisor. McClure is based in the firm's Charlotte, North Carolina office and he joins from Wells Fargo Advisors, where he has been since 2007. He managed $110 million in assets.
Aspiriant, a US-based independent wealth management firm, appointed five new principals.
The new principals:
- Lani Kapur Rains, manager of wealth management (San Francisco);
- Melissa Punim, manager of strategic planning (Los Angeles);
- Natalie Morrella, manager of wealth management (Mountain View);
- Nate Kublank, director of investment advisory (Milwaukee); and
- Ryan Benson, manager of wealth management (Orange County).
RBC Wealth Management opened a new office in St Louis and another in Nashville, part of its expansion program. Brian Bell, branch director, joined from JP Morgan and has a 25-year career history in the sector. Aaron Foster, who has also joined from JP Morgan as a financial advisor, has 18 years of experience. Arriving at the Nashville office was Jim Aid, financial advisor and managing director. He has more than 20 years’ experience in the industry, and previously worked at Wells Fargo. He manages more than $900 million in assets and with individuals and institutional clients.
Atria Wealth Solutions, a wealth management solutions firm, appointed Matthew Bassuk as national director of recruiting, Brian Bichler as head of platform experience and Travis Grimm as head of program management. Prior to joining Atria, Bassuk was the senior vice president and head of recruiting at Cetera Financial Group. Bichler will oversee the design and delivery of an integrated and optimised user experience, and Grimm will lead program management, business analysis and project execution.
Ruston, Louisiana-based Argent Trust Company said Mollie Seymour has as senior vice president/trust officer in its Birmingham office. Seymour manages personal and charitable relationships.
Alex Brown, a division of Raymond James, recruited an investment management group led by Jon DuPrau and Caspar Tudor from JP Morgan Securities in Los Angeles. DuPrau leads institutional consulting efforts in Southern California and will serve as one of the 17 advisors who make up the institutional consulting business at Alex Brown. With 18 years' industry experience, DuPrau started as a quantum portfolio manager for Prudential Securities, having studied technology’s effects on the capital markets exclusively throughout his career. Tudor, vice president, investments, works on the team’s formulas for the Russell 1000 and 2000 indices.
A recent joiner was Peter Barry. Since 1991, Barry worked with both institutional and high net worth individuals. Barry brought more than 25 years of experience with a wide range of alternative investment strategies and prior experience as a portfolio manager at a large New York family office. Another joiner to the team was Maria Lee, senior registered client associate; Iris Lee, director of portfolio consulting in Los Angeles; and several senior leaders and supporting analysts of Alex. Brown’s Institutional Consulting business.
The Securities and Exchange Commission named Paul Cellupica as chief counsel for its investment management division. Cellupica served in several roles in this division, and in the enforcement division from 1996 to 2004, re-joining the investment management arm in November last year. Prior to returning to the division last year, Cellupica was managing director and general counsel for securities law at Teachers Insurance and Annuity Association of America. Prior to that, he was chief counsel for the Americas at MetLife.
US-based PNC Bank appointed Pamela Austin as senior vice president and senior banking advisor for wealth management. Based in Mishawaka, Austin specialises in deposit and loan solutions, uniquely tailored to high net worth clients and their families. Austin has more than 30 years of banking experience, including private banking, financial analysis, marketing, business development sales, wealth transfer and problem resolution for clients and their families. Most recently, she served as vice president at 1st Source Bank, where she was responsible for loans and deposit solutions within the family office. In a separate appointment, PNC named Missie M Thompson as PNC Wealth Management Director of the Eastern Carolinas market. She is based in Raleigh, NC. Thompson has 15 years’ experience in financial services, including roles as relationship strategist and private relationship manager for high net worth clients. She has a bachelor’s in business administration from East Carolina University, and a MBA from Meredith College.
Global investment manager Schroders appointed Peter Hall as its new global head of wealth management. Hall replaced Andrew Ross, who has decided to step back from a full-time executive role and will move to a new role within Schroders as vice chairman of wealth management.
Silicon Valley Bank appointed Yvette Butler as its new private banking head. Previously, Butler was president of Capital One Investing, a division of Capital One Financial. Butler has more than 25 years of experience in financial services. Besides her Capital One role, she also held senior-level positions at Charles Schwab, E*Trade, Wells Fargo and others. She is a board member of the Washington Area Women's Foundation and the CFP Advisory Board.
Hawthorn- PNC Family Wealth, a PNC Financial Group subsidiary dedicated to serving the needs of individuals and families with investable assets in excess of $20 million, appointed Marisa Facciolo as vice president and senior relationship strategist. Prior to joining Hawthorn, Facciolo was a senior wealth director at BNY Mellon Wealth Management.
New York-based Snowden Lane Partners, an independent wealth advisory firm, appointed Mark Hogan, Leah Eller, Pam Appleby and Josh Hogan of the Hogan Eller Wealth Management Group to join its operation in San Antonio, Texas. Mark Hogan joined Snowden Lane as a senior partner and managing director, Eller as a partner and managing director. The group joined from Wells Fargo, where Mark Hogan and Eller focused on retirement and estate planning strategies, business services and tax-advantaged education savings plans, and oversaw over $150 million in client assets. The new team moved to new offices in San Antonio, along with senior partner and managing director Larry Barocas, partner Marcus Selva, and senior registered client relationship Manager, Debbie Ury, who joined Snowden Lane in Texas last year.
Schroders appointed Peter Hall as its new global head of wealth management. Hall was most recently chief executive of UK wealth manager Tilney. Hall stepped down in October 2017 after seven years at the helm and more recently has been an advisor to Tilney’s parent company Permira on pursuing investment opportunities in global wealth management. He replaced Andrew Ross, who decided to step back from a full-time executive role.