People Moves

Summary Of Executive Moves In Global Wealth Management – January 2022

Editorial Staff 22 February 2022

Summary Of Executive Moves In Global Wealth Management – January 2022

Carmignac appointed Martial Godet as global head of sales. Godet is responsible for running the distribution strategy of Carmignac. Reporting to Eric Helderlé, he joined the firm’s strategic development committee. Prior to this, Godet worked at BNP Paribas where he spent the greater part of his career. Most recently his role was head of advisory, execution and sustainable investment within the wealth management arm of the bank. 

SEB appointed Jeanette Almberg, head of human resources, as new head of business support and operations. Almberg started at SEB in 2008 and has been head of group human resources and a member of GEC since 2016. Before this, she was head of operations and CEO of SEB Kort. Before joining SEB, Jeanette Almberg was director of customer operations at Tele2.

Nina Korfu-Pedersen, head of BSO, was named chief transformation officer for control and staff functions. Korfu-Pedersen joined SEB in 2010 as head of financial services in group finance. She was head of group finance between 2016 and 2020 as well as finance director from 2018 to 2020. She has been head of business support and operations since January 2020.

Robert Celsing was named new head of group human resources, and a GEC member. He started at SEB in 2007 and is head of FICC (Fixed Income, Currencies and Commodities) Markets at SEB. He previously worked as global head of foreign exchange and global head of forex trading at the bank, having previously worked at Citibank and Scania.

Lombard Odier appointed Marc Braendlin as head of Latin American markets, with a special focus on Brazil. Braendlin is based in Zurich and reports to Stephen Kamp, head of Southern Europe and Latin America for private clients. Beginning his career in 1998 at Credit Suisse, he was promoted to vice president at the bank’s M&A/corporate finance team in 2005. He joined Julius Baer where he worked for 13 years, eventually becoming deputy region head for Latin America and heading the Brazilian market where he expanded the business. Most recently, Braendlin was head of Latin America Zurich at Pictet. 

Financial services group PraxisIFM, listed in Jersey, announced 45 promotions across its global network. Seven of the promotions saw individuals move up to associate director level. Hong Kong-based Cindy Cheng and Novia Lu, responsible for business development, were promoted. In Guernsey, Jason Le Page was promoted to associate director, business systems, while Sandra Francis has been promoted to associate director for tax. In London, Joshua Gallienne was promoted to associate director of corporate services. While in Jersey, Sarah Denoual and Ruth O’Hara were promoted to associate director in the private wealth and corporate team.

Other senior promotions include Gary Bratcov to senior compliance manager in Geneva and Tomeca Campbell to senior group finance manager in Jersey. In the United Arab Emirates, Charlie Rix was made senior manager in funds and corporate services. In Guernsey, Jodie Travers and Tom Zierer were both promoted to senior trust manager. In Malta, Daren Grech is now senior accounts manager in the shared services team.

KKR, aka Kohlberg Kravis Roberts, was appointed one of its senior figures as global head of private wealth. Todd Builione oversees the firm’s “strategic priority” of building its private wealth distribution platform to expand access to KKR’s alternative investment strategies for individual investors globally. Builione oversees KKR’s regional private wealth leads Dan Parant and Doug Krupa in the US, Markus Egloff in Asia-Pacific and Mark Tucker in Europe, Middle East and Africa, as well as the newly-created global private wealth product strategies effort led by Krupa.

Canaccord Genuity Wealth Management appointed Harry Plunkett as wealth planning advisor as it continues to boost its Worcester office. Plunkett, a holistic financial planner, has five years’ experience in financial services, previously working for Morrinson Wealth Management and St James’s Place Wealth Management. 

Schroders Personal Wealth, the joint venture between Lloyds Private Banking and Schroders, made several appointments to its marketing team. Sean Ingram was appointed as chief marketing officer, Ed Colyer joined as head of product and propositions and Dougy Watt as head of client Insights and client experience.

PGIM, the $1.5 trillion global investment management business of Prudential Financial, appointed Eugenia Unanyants-Jackson to the newly-created role of global head of ESG. Based in London and reporting to PGIM’s chief operating officer, Taimur Hyat, Unanyants-Jackson is responsible for shaping and coordinating ESG strategy and approach across the firm, including chairing the PGIM ESG Council and engaging with clients, consultants, regulators, and industry associations. Unanyants-Jackson joined PGIM Fixed Income in 2020 as the firm’s inaugural head of ESG Research.

Independent Wealth Planners, the UK group, appointed Rob Allen as group chief executive to succeed founder David Inglesfield who stepped down to become chair of IWP Investments, the group’s acquisitions company. Allen joined IWP last November as group managing director after an extensive senior leadership career in corporate banking.

Saxo Markets UK, part of Denmark-based financial group Saxo, appointed industry veteran Peter Morris as its new chief operating officer and board member of its subsidiary Saxo Markets. Based in London, Morris reports to Charles White-Thomson, chief executive officer of Saxo Markets UK. Morris has over 40 years’ experience across financial institutions and established financial technology companies including Cognizant, Broadridge Financial Solutions, Smartstream Systems, BGC/Cantor Fitzgerald, Commerzbank, Nomura and Lehman Brothers.

Barclays appointed François Baroin as chairman, France. He was appointed as a senior advisor to Barclays in 2018. A former member of parliament, Baroin has held several ministerial offices including government spokesman, interior minister, finance minister and minister of the economy in France between 2005 and 2012. Baroin continues to work with Ghislain de Brondeau and Yann Krychowski, Barclays co-heads of investment banking in France, and Raoul Salomon, Barclays country CEO for France and co-head of markets, Barclays Europe.

Geneva-based independent asset manager The Forum Finance Group appointed Kinan Khadam Al Jame as a partner. He joined the group from Reyl & Cie, where he was managing director of the wealth management business. Initially, he is based in Geneva and will eventually lead Forum Finance's Dubai office, due to open in the second half of 2022. A Swiss national, Kinan Khadam Al Jame worked for 13 years with Reyl, first in Geneva as an investment advisor and portfolio manager for sophisticated ultra-high net worth clients. Subsequently, he helped set up the Dubai office and worked there as the chief investment officer and MD in charge of private and institutional clients. Prior to that, he spent four years with BNP Paribas in Geneva, notably in the Middle East private banking team.

Irish asset manager Mediolanum International Funds appointed Luca Matassino as chief business officer. The role is a newly created one. With more than 25 years of experience in commercial development and business growth, Matassino was previously head of sales at Eurovita Spa, a non-captive, independent life insurance company owned by Cinven. Prior to that, he was executive director and deputy head of Italy at UBS Asset Management. 

Global asset manager Ninety One appointed Ben Lambert from Canada Pension Plan Investment Board (CPPIB) as co-portfolio manager for its 4Factor European equities team. With 20 years of industry experience, Lambert has been a senior portfolio manager at CPPIB since 2014, responsible for developed market equity portfolios.

UK wealth manager Brewin Dolphin promoted Janet Mui to head of market analysis. Based in London, Mui is continuing as the firm’s spokesperson, delivering commentary and analysis to the media.

Julius Baer hired Claudia Linares and Jorge Saavedra Doménech in Spain. Linares head the team that is responsible for the development of the intermediaries Spanish market.

Linares has more than 23 years’ experience in the financial industry and was a member of the Financial Intermediaries Spain team at UBS Madrid from 2010 onwards. In 2019, she became responsible for Financial Intermediaries Spain for UBS. Prior to 2010, she held various positions at UBS in Spain and in private banking at Lloyds TSB.

Claudio Beretta, who joined Julius Baer in Switzerland in 2011 and has almost 25 years’ experience in the intermediaries market, leads the team from its base in Madrid. He has held several management positions at the bank, most recently leading its intermediaries business in French- and Italian-speaking Switzerland and in Monaco.

The team also includes Carlos Navarro Sabán, who has served Julius Baer as a business developer intermediary in Spain since 2018 following three years as investment advisor at Julius Baer’s headquarters in Zurich. Doménech, who joined Julius Baer in mid-January 2022 after 14 years with UBS in Spain, spent the last five years as team head of the middle office in the Financial Intermediaries business. From 1998 until 2007, Doménech served in various capacities at Banco Inversis and Banco Santander in Spain.

London-listed wealth management house Kingswood appointed Hayley Burton as managing director, head of wealth planning, Midlands and South. Burton worked alongside Jeff Grantham, managing director, head of wealth planning north at Kingswood and founder of Sterling Trust, who joined the firm following its acquisition of Sterling Trust in June 2020. Previously, she worked at Santander Wealth where she was area manager, financial planning. 

Geneva-based wealth manager Lombard Odier appointed Manuela Maccia as head of product offering for Lombard Odier (Europe) (LOESA), and senior portfolio manager for Italy. Maccia is based in Milan. Beginning her career in 1998 at BNP Paribas, Maccia held various international positions within the firm over the last 23 years, in London, Paris, Rome and Milan. She was recently director of financial products and services for the wealth management arm of BNP Paribas in France. She moved back to Italy in 2020 and was named chief investment officer for the Bank BNL BNP Paribas.

Lombard Odier Europe appointed Stephane Herrmann as chief executive officer. He replaces Henry Fischel-Bock who retired. Herrmann joined Lombard Odier (Europe) in 2019 as chief operating officer and deputy chief executive officer.

Credit Suisse appointed Emma Crystal as its chief sustainability officer, reporting to chief executive Thomas Gottstein, group CEO. Separately, Marisa Drew, who has led the sustainability strategy, advisory and finance (SSAF), business, left to pursue an opportunity outside the bank. She worked at the bank for 18 years in senior leadership roles including as co-head of leveraged finance, head of global markets solutions and co-head of EMEA investment banking.

Crystal, who joined the bank in 2013, led the (international) wealth management business for Northern and Western Europe since 2020, as well as its sustainable client solutions (SCS) unit. Prior to this, she served in senior roles in wealth management, concentrating on European clients. Before that, Crystal covered family offices for the UK and Nordic markets. She has also worked in global markets for Deutsche Bank.

UK law firm Trowers & Hamlins appointed a new partner Charisse Crawford to join its private wealth and commercial disputes teams in Exeter. A qualified lawyer of 12 years, she joined from Stephens Scown. Crawford, who has featured regularly in both Chambers and the Legal 500 in recent years, has been noted as being a "formidable litigator who works incredibly hard and is unbelievably thorough."

BNP Paribas Asset Management appointed Roger Miners as head of distribution for Europe. Miners, who is based in London, reports to Steven Billiet, head of the global client group and member of the organisation’s executive committee. He retained his role of UK CEO, which he held since July 2020.  Paul Van Eynde, who succeeded Miners in his role as global chief marketing officer, joined BNPP AM before the end of February, reporting to Billiet. Van Eynde is also based in London. Miners joined BNPP AM as global CMO in 2017 and was appointed UK CEO in 2020. 

IQ-EQ, the international investor services group, appointed Steve Innes as head of fund accounting in Irish funds, building out its expansion into the Ireland market. Innes has more than 20 years’ financial services industry experience. Before joining IQ-EQ, Innes was a director in regulated funds for a leading global fund administration business.

Allard Bailey Family Law, based in London, appointed Siobhan Lomasney as a partner in its family law team. 

Crestbridge, the global administration, management and corporate governance solutions business, appointed Martin Lambert as head of UK operations. Lambert replaced Paul Windsor as head of London office who is going to retire after six years as London managing director. Lambert has 30 years’ experience advising clients both in the UK and internationally and has built a global network to support clients seeking to establish and expand their business globally. He joined from Grant Thornton where, as a partner, he led client service delivery across compliance, advisory, governance and transaction support.  

Lazard Asset Management appointed Nick Savastano to expand its growth ambitions in the Middle East. Savastano, who is be based in Dubai, joined the firm as head of third party distribution (TPD). Reporting to Farah Foustok, chief executive officer of Lazard Gulf, he is responsible for TPD for the firm in the Middle East. He has more than 20 years’ investment industry experience and knowledge of UAE TPD segments. Prior to joining the firm, Savastano spent 14 years as senior executive officer at Invesco Middle East and Africa as head of Middle East partnerships and financial institutions from 2014 to 2018. Before this, he was head of banking partners from 2000 to 2006 and head of learning and development at Zurich Middle East from 1996 to 2000. 

Global asset manager Ninety One appointed Juliana Hansveden as portfolio manager to develop its emerging markets sustainable equity capability. With 15 years industry experience, she joined from Nordea Asset Management where she was responsible for managing the €6 billion ($6.8 billion) Emerging Stars Equity and Asian Stars Equity strategies. 

The chairman of Credit Suisse, António Horta-Osório, resigned from the post after less than a year in the job after the bank’s board held a probe into a recent breach of Swiss rules over COVID quarantine. Axel P Lehmann, who joined the board last year and had previously served in senior roles at rival UBS, was appointed as chairman. In December 2021. Reuters reported that a preliminary investigation by Credit Suisse had found that Mr Horta-Osorio had breached COVID-19 rules. He reportedly attended the Wimbledon tennis finals in July at a time when the UK's restrictions required him to be in quarantine.

Schroders appointed Johanna Kyrklund, group chief investment officer, and Rory Bateman, head of equities, as co-heads of investments, as part of group leadership changes. The roles are based in the UK. 

The group also appointed Charles Prideaux, global head of investment, to become global head of strategy and solutions. He oversees the integration of Schroders’ acquisition of the River and Mercantile Solutions division, as well as corporate development and relationships with key partners. 

Global head of marketing and communications Beth Saint was promoted to Schroders group management committee. Head of multi-asset strategy Lesley-Ann Morgan took on the additional role of chief executive officer, Schroder Unit Trusts Limited, subject to regulatory approval. Phil Middleton, head of institutional North America, who moved to the US from the UK where he was head of intermediary, was promoted to head of North America, joining Schroders GMC. 

Karine Szenberg, head of EMEA, was promoted to a global role within marketing, communications and product. Carolina Minio-Paluello, global head of product solutions and quant, and Marc Brookman, CEO North America, left to pursue other opportunities.

Tilney Smith & Williamson appointed Colette Henshaw as head of business rates to lead the launch of a new business rates offering. Henshaw is an MRICS business rates tax specialist with 13 years of experience in the commercial property industry, most of which she has worked as a business rates advisor. She joined from Cushman and Wakefield, a global real estate advisory practice, where she was a partner.

Jersey-based VG, which provides trust, corporate and fund administration solutions, promoted a number of its staff across its business divisions.

At the senior level, VG’s private client team promoted three individuals: Jane Hill and Sheena Huggett were made associate directors, taking greater oversight of the company’s offering for high net worth and ultra-high net worth clients. Hill has been with the company since 2018. Huggett, who joined VG in 2020, has 15 years’ experience in the space. Alongside them, Lada Yates became a manager, building on her existing 14 years of fiduciary experience with additional management responsibility.

As well as these promotions, Tyler Hine and Renata Maletroit were made trust administrators, while Sam Tumkaew stepped up to the role of senior trust officer. In its funds team, VG promoted Paul Bulstrode – at the firm since 1984 – to become a senior manager. There were also promotions in VG’s corporate team, with Callum Culf and Ricci Cook elevated to senior trust officer and senior client reporting accountant respectively.

Quintet Private Bank-owned Brown Shipley promoted Calum Brewster as chief executive officer. Brewster, who served as managing director, head of private banking and client solutions, succeeded Alan Mathewson, who had been CEO of Brown Shipley since 2018 and stepped down following a brief transition period. Previously, he worked at Julius Baer as managing director, leading expansion across the UK. Prior to this, he served in senior roles at Barclays Wealth, where he was also managing director, and at Lloyds Banking Group in a range of senior positions. 

Barclays said Dr Dirk Klee, its chief executive of wealth management and investments since 2018, was leaving to take up an opportunity in Switzerland. Nicky Eggers, head of product, replaced him, subject to regulatory approval.

Bitcoin Suisse appointed Dr Klee as chief executive officer of Bitcoin Suisse with effect from 1 April 2022. He replaced Dr Arthur Vayloyan who stepped down from his CEO role.

Credit Suisse appointed Oliver Tucker as head of wealth management international banking advisory (WM IBA) UK coverage. He joined from Nomura, where he was a managing director in the UK investment banking team, covering private and publicly listed clients across all sectors for 11 years. He has more than 20 years of experience as an investment banker in the UK, originating and executing transactions across all IB products, with a particular specialism in M&A. 

Weatherbys Private Bank appointed William Morris as head of investments to manage the bank’s global tracker portfolios and oversee its panel of third-party discretionary managers. Morris has more than a decade’s experience in private banking in both client-facing investment advisory and portfolio optimisation roles. He has strong quantitative experience, having gained an MSci in mathematics from Imperial College London. 

Credit Suisse appointed veteran banker Joseph Wolf as chief executive officer of Credit Suisse in Israel. Wolf joined the bank in Tel Aviv after 14 years at Barclays in New York where he was deputy director of US equity research, and on the research executive committee and investment policy committee. Prior to that he led a number of research teams in Israel for Barclays, Lehman Brothers and UBS. He holds an MBA and a BSc in electrical engineering from Columbia University.

Santander UK appointed former Barclays heavyweight Jane Galvin as head of corporate clients within its corporate and commercial banking division. She reports to CCB head Tim Hinton. She joined from HSBC UK where she was managing director of corporate banking UK and led its UK corporate banking team from 2017 to 2021. Prior to that she spent 32 years at Barclays from 1985 to 2017.

The international private banking arm of Deutsche Bank appointed Muriel Danis as global head of product platforms and sustainable solutions. Danis has 22 years’ experience across global markets and private banking, most recently at HSBC in London as global chief operating officer in the wealth management division’s products and investment groups. Based in London, her appointment at Deutsche Bank will be effective from 14 March 2022. Prior to this, she worked in an array of roles, including global head of advisory, and global head of product management and business development. She was also a director in the Family Office Partnership, Middle East and Africa in Dubai. Before joining HSBC, she had a number of positions within Credit Suisse’s private bank and global markets divisions.

Citi Private Bank unveiled a raft of senior appointments to Citi Investment Management (CIM) and the office of the chief investment strategist (OCIS). Guillaume Menuet joined the OCIS as head of investment strategy and economics for Europe, Middle East and Africa. He joined from Citi Research, where he was the lead euro area economist. Menuet has 25 years’ experience in European economic analysis. Prior to joining Citi in 2011, he worked at Bank of America Merrill Lynch, Moody's Investors Service, 4Cast, and International Energy Agency.

Another OCIS joiner in London was Judiyah Amirthanathar. She researches and evaluates fundamental micro-level investment data and transforms macroeconomic views into implementable investment strategies. Prior to joining Citi, Amirthanathar spent seven years with the global multi-asset team at Morgan Stanley Investment Management.

The bank also appointed Jeffrey Sacks and Patrick Ryan as client portfolio managers at CIM. With Brent Jones who joined last year, they form a three-person team of global equity client portfolio managers in the portfolio management team. 

Sacks, based in London, was previously head of EMEA investment strategy for Citi. He has 35 years’ investment experience. He also worked at Schroder Investment Management, Enskilda Asset Management, Baring Asset Management and Barclays Wealth, and was based in Hong Kong from 1992 to 2000.

Based in Stamford, Ryan focuses on clients in North America. Prior to joining CIM, he was a managing director and portfolio manager with Lazard Asset Management where he managed a variety of global and US equity strategies. He is an experienced portfolio manager and client-facing portfolio specialist, having first entered the industry in 1989.

Crestbridge, the global administration, management and corporate governance solutions business, made a raft of promotions for this year, recognising the progress of 39 individuals. Raul Ramos (private equity services) and Farid Rebhi (management company services) were promoted to director. Nina Gomes was promoted to group head of learning and development, and Sharon Mauger was made group head of human resources operations within the business’s central services team. Ajay Bherwani (corporate), Tristan Stasiak-Gray (compliance), Karen Morris (family office services), Skye Nicolson (client operations) and Andrew Rafferty and Stephanie Workman (real estate services) were also all promoted to associate director. 

Accuro, a provider of trust and private office services, appointed two Jersey client services directors: Kelly Watson and Helen Hendy. Watson, who qualified as a barrister (non-practising) and solicitor of England and Wales, spent five years in private practice in England and Jersey before moving into the offshore finance industry in 2009. Hendy has a career in the Jersey private client industry that spans three decades. 

Michael Morley, who is chief executive of Deutsche Bank UK and head of its international private bank in the UK, stepped down, rounding out 42 years’ work in financial services. Morley, who has held the post at Deutsche Bank for almost five years, was previously CEO at Coutts, and prior to that, managing director at Singer and Friedlander Investment Management, and before that, CEO and international private banking head at Barclays Wealth. He has also been the MD and head of private wealth services, EMEA, at Merrill Lynch.

Financial services provider Apex Group appointed Michelle Le Herissier as head of private clients and family office business in Jersey. Le Herissier, with more than 25 years’ experience working in Asia, Europe, the Caribbean and the US, joined from JTC Group where she was most recently South Dakota managing director. Among other roles, Le Herissier worked for four years with Barclays as managing director of the Singapore and Hong Kong trust division and four years with Cititrust, where she established and ran a similar operation. Prior to this, she worked with private clients in Switzerland for both Citi and Credit Suisse.

BlueBay Asset Managementt, RBC Global Asset Management’s specialist fixed income manager, appointed Julian Mueller as director of its business development team. Based in Munich, he reports to Michael Wolfram, head of institutional sales Germany and Austria. Mueller previously spent five years working for German asset manager DJE Kapital in Pullach, most recently as head of sales institutional clients. 

Tilney Smith & Williamson made two financial planner appointments as it expands its Exeter office amidst increasing demand for its services. The appointments are Mark Newman and Stephen Read. Newman joined from Kelsall Steele Investment Services where he worked as a senior financial planner for three and a half years in Truro. Stephen Read joined from Succession Wealth where he cultivated an interest in financial planning whilst working as a mergers and acquisitions manager. In a career spanning 30 years, he progressed through a series of corporate finance, treasury and accounting roles at energy, technology and investment companies both in the UK and in Switzerland. 

James Fleming, the former chief executive of Sandaire, the multi-family office, ex-CEO of Arbuthnot Latham, was named chairman of specialist UK debt advisory firm Arc & Co. 

Suntera Global appointed Ian Horswell as global head of business development within the fund services arm of its international operations. He is based in Jersey. Prior to joining Suntera, he worked for multiple global organisations, including JTC, where he was responsible for European business development initiatives.

Schroders appointed Tim Goodman as head of corporate governance. Goodman has 29 years’ experience in the environmental, sustainability and governance sectors, as well as the responsible investor and corporate communities sectors more broadly. He is based in London. Prior to joining Schroders, Goodman spent 14 years at Federated Hermes.

City law firm Wedlake Bell appointed George Merrylees as a partner in its private client offshore team. Previously, Merrylees had practised at Irwin Mitchell since 2014 and was a partner for over four years.

Saffery Champness Registered Fiduciaries made eight promotions, including Rory Jones and Tracey Bufton, both elevated to assistant trust managers, along with Josephine Champion who was promoted to senior trust officer.

Jones, who joined as a trust administrator 12 years ago, has a diverse client portfolio, including prominent ultra-high net worth individuals. Bufton, who has worked at Saffery Champness for more than 10 years, also joined as a trust administrator in 2011. 

Josephine Champion has been with the firm since 2019, with seven years’ experience in the fiduciary industry. She works in one of the firm’s core trust teams, administering complex structures for families and corporate clients. 

Saffery Champness also announced the following promotions: Will Booth, trust officer; Joe Wright, TO; Katie Taylor, people and culture officer; Laura Bean, senior trust administrator; and Megan Chipperfield, senior trust administrator.

Credit Suisse appointed Philippe Guez as its head of wealth management investment banking advisory, covering France. The Zurich-listed bank said it intends to set up the investment banking advisory function to serve entrepreneurial clients.

Guez partners with the teams of Gilles Dard, head of WM France market area business, and of Bruno Hallak, head of investment banking and capital markets in France, Belgium and Luxembourg. He reports to the co-heads of WM IBA Europe Coverage, Vincenzo De Falco and Stefan Gratzer. Locally, he reports to Valérie Landon, chief executive France and Belgium. Guez has more than two decades’ industry experience to the role. 

Ocean Dial Asset Management appointed Swati Jain as global head of sales and distribution. Prior to her joining the company, which provides investors access to the Indian growth story, Jain worked for Kratos Capital, IIFL Wealth, Ashburton Investments, Kotak and HSBC.

Climate Asset Management appointed Amy Merrill Steen as senior legal counsel. Merrill, who is the former negotiations lead for Article 6 of the Paris Agreement at the UN Framework Convention on Climate Change (UNFCCC), comes with extensive legal experience. As a senior lawyer at UNFCCC, she advised on economic instruments, the transparency regime, compliance processes and general counsel matters. For the past decade, and most notably at the recent COP26 in Glasgow, she led the UNFCCC secretariat’s support to successful conclusion of negotiations on Article 6 of the Paris Agreement. 

ABN AMRO said that its chief innovation and technology officer, Christian Bornfeld, decided to leave the bank from 1 May. He accepted a position closer to his home and family in Denmark. 

Private client partner Clare Stirzaker joined Boodle Hatfield from PricewaterhouseCoopers, where she led the private client legal team.

Simkins, the London media, entertainment and commercial law firm, launched a family department and expanded its private client practice, making three new hires. Partner Deborah Jeff heads the new family team, having joined from west end law firm Seddons where she previously founded and led a team for 15 years. Associate Jessica Keal joined the family department, bringing experience across a range of family law matters. Joining the firm’s private client team from Russell-Cooke Solicitors, associate Oliver Sharp advises individuals, families and trustees on matters relating to estate planning and succession, wills and lasting powers of attorney, and administration of estates.

Schroders Personal Wealth appointed Ben Waterhouse as chief client officer. He joined from Barclays Wealth, where he was managing director and head of distribution, leading all client-facing functions across the UK. Prior to this, he worked at Fidelity International in varying capacities. He reports to Mark Duckworth, chief executive.

Private wealth specialist firm Acorn Capital Partners appointed Olga Kucherenko as a partner. She joined the leadership team at Acorn comprising founder Sally Tennant and partners Diane Seymour-Williams and Amy Blackwell. Kucherenko has family office experience gained over 14 years as an advisor at Deloitte where she worked in the private client services and family office advisory teams and, most recently, through her own practice, which will merge with Acorn Capital Advisers.

UK-based Rothschild & Co appointed Joanna Livesey as a director and co-head of one of the client teams in its UK wealth management business. Livesey has worked in financial services since 2004, when she joined Citigroup in the corporate division, assessing risk for the bank’s large loans. She has since spent 15 years in wealth management, working with a broad range of private clients, particularly wealthy families and those with complex requirements.

Investment research firm Morningstar appointed Wing Chan as head of manager research, Europe and Asia-Pacific. Wing Chan was most recently director of manager research practice, EMEA and Asia, at Morningstar Investment Management Asia Limited, a wholly-owned subsidiary of Morningstar. He is based in Hong Kong. Tilney Smith & Williamson, the UK wealth management and professional services group, announced that Steve Jupp, founder and owner of Independent Financial Advice firm FP Solutions, had joined the team at its Chelmsford office, reporting to financial planning partner Pete Beasant.

International law firm Harneys promoted a number of its team members to the status of partner and counsel. 

The lawyers promoted to partner were Ian Clark (investment funds | Hong Kong), Francesca Gibbons (litigation, insolvency and restructuring | London), Joshua Mangeot (regulatory and tax | BVI), Charles Moore (private wealth | Cayman Islands), and James Smith (investment funds | Cayman Islands). Two non-fee earners were also promoted to partner: Maria Pia Buchi, managing director for Harneys Fiduciary, and Felice Swapp, global chief operating officer.

Three senior associates were appointed to counsel: Mathieu Gangloff (corporate | Luxembourg), Matthew Howson (private wealth | London) and Massimiliano della Zonca (corporate | Luxembourg). Among other changes, Philip Graham took on the role of non-executive chair of the Harneys Fiduciary Board, Linda Johnston joined Harneys as the firm’s chief human resources officer, and Vanessa Molloy became the firm’s Luxembourg office managing partner. Finally, following a transition period, Ross Munro began his role as global managing partner.

Guernsey Finance, the promotional agency for the island’s finance industry, appointed Henry Freeman as strategic advisor. A 20-year career has seen him serve in several senior and board-level roles in investment banking, fund management and fintech in London and the Channel Islands.

YFM Equity Partners appointed experienced dealmaker Stephen Murray as investment director. An investor, lender and advisor with more than 20 years’ experience, Murray is an ICAEW chartered accountant who started his career with Mazars, moving to EY and KPMG in advisory roles, before joining the Royal Bank of Scotland. 

IQ-EQ, the investor services group that has expanded rapidly in recent years, has named Emma Crabtree as its group chief commercial officer. With more than 26 years’ experience in financial service institutions, most recently she was global head of sales of a custodian securities services provider.

Lombard Odier promoted one of its senior figures, Laurent Pellet, to the rank of limited partner, adding to his role of global head of external asset managers, which he has held since June 2017. Prior to working at Lombard Odier, Pellet was at Julius Baer for just over 11 years where, from 2012 to 2017, he was head of external asset managers in French-speaking Switzerland, Monaco, Western Europe and the Middle East.

Valour, a Swiss issuer of exchange-listed financial products, announced in January that Tommy Fransson was chief executive, after having been appointed in November last year. 


HSBC appointed Fidelis Oruche as global head of its capital markets and investments and wealth solutions (IWS) platforms for its wealth and personal banking business. He is based in Singapore. With two decades of financial services experience, he joined from Bank of Singapore, where he was most recently managing director, head of alternative investments and managed solutions. 

Union Bancaire Privée appointed former China Construction Bank (Asia) figure Victor Suen to join its Greater China team. Suen, whose job title is managing director and team head for the Greater China market, reports to Jonathan Lin, market head, Greater China. He is based in Singapore. At China Construction Bank (Asia), Suen was deputy head of relationship management. Previously, he served in senior roles at Everbright Sun Hung Kai, HSBC and Bank of China (Hong Kong).

ING appointed Darren Beatty as its head of real estate finance for Australia. Beatty took over from Wouter Mijnen, who returned to ING’s head office in Amsterdam following a five-year secondment in Australia. Beatty reports hierarchically to Margreet Rog-Stokkink, head of wholesale banking for Australia (interim) and functionally to Robert Scholten, head of real estate finance for Asia-Pacific. Beatty, a career banker, has more than 20 years’ industry experience. He joined from Westpac Institutional Bank, where he was senior director, institutional real estate.

Robeco appointed Thu Ha Chow to the newly-created role of head of fixed income Asia. Chow is based in the Singapore office. Prior to this role, Chow was portfolio manager and Asia strategist at Loomis Sayles & Co and head of Asian credit at Aberdeen Asset Management, both in Singapore. Previously, she worked for 15 years in London where she held senior fixed income positions at Deutsche Asset Management and Threadneedle Asset Management, in addition to three years in investment banking at Credit Suisse First Boston. 

Frank Reynaerts and Tiansi Wang, two senior investment professionals with careers at Robeco, continued in their roles as senior credit analysts. Laura Bosch Ferreté relocated to Singapore from Rotterdam to fill one of the sustainable investing specialist positions. David Hawa also moved from the Rotterdam office to join as fixed income client portfolio manager for Asia-Pacific.

DBS appointed former ING senior figure Helge Muenkel as chief sustainability officer, who took over from Mikkel Larsen. Last November, Larson moved to his role as chief executive at Climate Impact X (CIX), a joint venture of DBS, SGX, Standard Chartered Bank and Temasek. Muenkel worked at ING for 10 years, most recently as head of Asia-Pacific, sustainable finance and global capital markets. He was also part of ING’s global sustainable finance and capital markets management teams and the bank’s global sustainable finance quality board. Prior to ING, he spent more than 12 years in various roles at Deutsche Bank and UniCredit Group based in cities across Europe, the US and Asia-Pacific.

Rockpool Capital, the Hong Kong-based wealth management firm and multi-family office, appointed former JLL Hotels & Hospitality Group senior vice president, Corey Hamabata, to lead its real estate investment practice. Hamabata worked for more than 10 years at JLL, most recently as SVP in Hong Kong, while previously being based in Singapore and Los Angeles. Prior to JLL, he was at a boutique hotel real estate investment and development company based in Chicago covering acquisitions and development.

Citigroup appointed Li-Gang Liu as Asia-Pacific head of economic analysis for Citi Global Wealth Management (CGWM). Based in Hong Kong, he reports to Steven Wieting, chief investment strategist and chief economist for CGWM, and Roger Bacon, Asia-Pacific head of CGWM APAC Ultra High Net Worth Business. Before this, Li-Gang Liu was Citi Research’s chief economist for China from 2016. He has more than two decades of professional experience working in both public and private financial institutions. He was ANZ Bank’s chief economist for Greater China for more than six years. 

Ping An Insurance (Group) Company of China, aka Ping An, appointed Benjamin Deng as its new chief investment officer. Deng took over – subject to regulatory approval – from Chan Tak Yin who continues to assume the role of director of the group’s investment management committee, responsible for the mid and back-end of investment management.

With a 20-year career in investment management, risk management and asset allocation, Deng was previously CIO of China Pacific Insurance (Group) and China Pacific Insurance Co (Hong Kong). Before that, he was head of Asia market risk management for AIG. 

Chan Tak Yin, director of the group’s investment management committee, is responsible for reviewing major investment projects, assisting in risk management and risk-related alerts, as well as providing professional advice on investment strategies and operations. Zhang Xiaolu continues in her role as the group’s chief risk officer.

Citigroup named Stella Choe as head of Citigroup’s global subsidiaries group in Asia, which looks after financial institutions and multinationals. Choe replaced Munir Nanji who took on a new role as head of the Central Europe cluster and Citigroup country officer for Czech Republic. In this new role, she reports to Marc Merlino, global head of New York-based GSG, and Kaleem Rizvi, Asia-Pacific head of corporate banking. Choe relocated to Singapore from Australia. 

Choe joined Citigroup in 2014 as head of the financial institutions group, corporate banking, Australia and New Zealand. Prior to joining Citigroup, she spent six years at HSBC Hong Kong working in regional acquisition finance and funds coverage. Prior to HSBC, she headed the EMEA leveraged and acquisition finance syndication division at Morgan Stanley.

Offshore law firm Carey Olsen promoted corporate lawyer Tiffy Wan to counsel in the firm's Hong Kong SAR office. Wan joined Carey Olsen in 2021. Fluent in English, Mandarin and Cantonese, Wan was admitted as a solicitor in New South Wales, Australia in 2010 and is currently a Registered Foreign Lawyer with the Law Society of Hong Kong and a Bermuda Registered Associate with the Supreme Court of Bermuda.

PineBridge Investments, the asset management firm, appointed Nicolas Kopitsis as head of wealth management for Asia. Based in Singapore, Kopitsis focuses on increasing awareness and distribution of PineBridge’s investment capabilities to private banks and distribution platforms in the region. Kopitsis has more than 20 years of asset management experience.

Manulife Investment Management appointed Hong Kong-based Marc Franklin as managing director and senior portfolio manager, asset allocation. Franklin reports to Luke Browne, senior MD and head of asset allocation, Asia. With 14 years of investment industry experience, Franklin was most recently head of flexible multi-asset for NN Investment Partners in the Netherlands. 

HSBC appointed two senior executives in its investments and wealth solutions group which comes under the Wealth and Personal Banking division: Wei Mei Tan and Michael Wong. Wei Mei Tan was appointed as global and Asia head of advisory, investments and wealth solutions, based in Singapore. Michael Wong was appointed as the regional head of ultra-high net worth solutions group, based in Hong Kong. The managers report to Stefan Lecher, regional head of investments and wealth solutions, Asia-Pacific. Michael Wong also reports to Patrick Boumalham, global head of the UHNW solutions group on a functional basis.

Union Bancaire Privée appointed Robert Phua as head of wealth planning for South Asia. Phua reports to Ranjit Khanna, head of South Asia and Singapore branch chief executive, and to Bertrand Binggeli, group co-head of wealth planning. Phua, who has more than 20 years’ experience, joined UBP from Julius Baer, where he provided wealth planning advisory services to the bank’s clients in Asia, including the structuring and setting up of trusts, family offices, fund entities and non-profit entities.

HSBC Asset Management appointed Cheong Mun Fai as senior vice president, ETF and indexing business development. Based in Singapore, Mun Fai reports to Jacqueline Pang, head of ETF and indexing sales, Asia-Pacific. Prior to joining HSBC Asset Management, Mun Fai was vice president at State Street Global Advisors, responsible for leading the SPDR ETF sales effort across the institutional and intermediary channels in Singapore. 

Investment research firm Morningstar appointed Wing Chan as head of manager research, Europe and Asia-Pacific. Wing Chan was most recently director of manager research practice, EMEA and Asia, at Morningstar Investment Management Asia Limited, a wholly-owned subsidiary of Morningstar. He is still based in Hong Kong.

Citi Vietnam appointed Ramachandran A S as its country officer. In this role Ramachandran A S, known as RamC, oversees Citigroup’s operations in the Southeast Asian country. A 27-year Citigroup veteran, RamC was previously global emerging markets coverage head for Citigroup’s global subsidiaries group in London. In that role, he was responsible for building the firm's business with the subsidiaries of multinational clients from rapidly globalising countries around the world. 

Prudential Wealth Management appointed one of its senior figures in the UK-listed Prudential family of firms as its chief executive, based in Hong Kong. Benn Rudd is CEO, Prudential Wealth Management. Before this role, Rudd was chief wealth officer from March last year, based in Hong Kong, at Prudential Hong Kong, and chief investment officer at the same firm from February 2017 to March 2021.

Withers appointed Paul Jebely as a senior partner based in its Hong Kong office and head of its newly-launched global asset finance practice. Jebely joined from Pillsbury Winthrop Shaw Pittman, where he was managing partner of the Hong Kong office and co-chair of the firm's private wealth and asset finance practices. 

Qiming Venture Partners, the Chinese venture capital firm overseeing funds of $6.2 billion, brought back Shiyu Wang as a partner. Shiyu Wang co-leads the TMT team, managing and investing in the internet and consumer sectors. Shiyu Wang previously worked at Qiming Venture Partners from 2012 to 2016.

Canada Life Asset Management appointed Jordan Sriharan as a fund manager in its multi-asset business. Sriharan works with Craig Rippe, head of multi-asset, in developing and running a range of mixed-asset investment strategies for advisors, discretionary fund managers and institutional investors. Prior to this, Sriharan was head of managed portfolio services at Canaccord Genuity Wealth Management for eight years. 

North America

Argent Financial Group appointed Cara Gober as assistant vice president and trust officer for Argent Trust Company. Gober, who is based in Oxford, reports to Brooks Campany, regional manager of Argent Trust’s Oxford, Mississippi, Jackson, Mississippi and Memphis, Tennessee offices.

Argent Financial Group appointed Tasha Digre as professional development manager. In her role, Digre is responsible for improving and guiding employee development, productivity and training initiatives for all Argent Financial Group subsidiaries. Digre, who previously served as assistant vice president/trust officer for Argent Trust Company, reports to Argent Financial Group CFO Laurie Parks.

KKR, aka Kohlberg Kravis Roberts, appointed one of its senior figures as global head of private wealth. Todd Builione oversees the firm’s “strategic priority” of building its private wealth distribution platform to expand access to KKR’s alternative investment strategies for individual investors globally. He manages KKR’s regional private wealth and leads Dan Parant and Doug Krupa in the US, Markus Egloff in Asia-Pacific and Mark Tucker in Europe, Middle East and Africa, as well as the newly-created global private wealth product strategies effort led by Krupa.

Nuveen promoted Saira Malik to chief investment officer to drive strategy for TIAA’s $1.2 trillion assets. The role is a new one for the firm. Malik remains lead portfolio manager for the CREF Stock strategy and a listed portfolio manager for CREF Growth and CREF Global Equities strategies. Malik reports to William T Huffman, president of Nuveen Asset Management and head of Nuveen fixed income and equities.

R360, an invitation-only network for people holding at least $100 million of investible wealth, said that wealth industry figures Jamie McLaughlin and Jeff Greenfield would be serving as co-chairs of its New York chapter. 

McLaughlin is the founder of J H McLaughlin & Co, a management consulting firm focused on strategy and practice management for wealth management and investment advisory firms, private banks, trust companies, single and multi-family offices. McLaughlin is also a member of this news service’s editorial advisory board, and is a co-founder of the UHNW Institute, a think tank directed at the needs of ultra-high net worth families and their advisors. Greenfield has more than 35 years of experience as a successful investment professional, private investor, consultant, family office executive and chief executive. He is managing director of Gloconda Partners, which is a guide and service platform for ultra-affluent clients focused on how to use private placement life insurance and annuity investment accounts.

Minneapolis-based Värde Partners, an alternative investment firm, promoted Jim Dunbar, Aneek Mamik and Carlos Sanz Esteve to partners. Based in Minneapolis, Dunbar leads Värde’s commercial real estate lending platform, which last year originated $2.7 billion in loans. He has also led investments in real estate operating companies, hospitality assets and non-performing CRE loans, and oversees Värde’s investment in Trimont, a real estate loan servicing company. Dunbar joined Värde in 2010 from Macquarie.

Mamik joined the firm’s New York office in 2016 and is now global co-head of financial services overseeing credit and equity investments in consumer and commercial finance and other sectors. He was previously head of mergers and acquisitions at GE Capital's headquarters and worked in varying capacities at GE Capital for over 15 years, beginning in Australia. 

Esteve is based in London and leads Värde’s European corporate and traded credit strategy. He joined Värde in 2011 and has been critical in driving Värde’s research and investing across high yield bonds, leveraged loans and distressed securities in Europe. Prior to joining Värde, he was an analyst in mergers and acquisitions at Deutsche Bank.

Raymond James welcomed financial advisor Chris Hanly to its employee advisor channel. Hanly joined RJA’s Paramus branch, led by manager Christopher Leavy. Previously, he managed $130 million in client assets as part of Bruderman Brothers.   

Raymond James welcomed financial advisors Paul Manfrey, Greg Bell and Colin Long, to its employee advisor channel. They work in St Petersburg, Florida, where the business is based.

The group also brought in financial advisors Steve Gustafson and Eric Gustafson, to Raymond James & Associates, its employee advisor channel. Along with senior client service associate Rhonda Stibbs, the team operates as Gustafson Wealth Consultants of Raymond James. The Omaha, Nebraska-based group was previously affiliated with Wells Fargo Advisors and managed $225 million in client assets. The team continues its work from RJA’s Omaha office, which is managed by Tim Ziola.

The firm also welcomed four financial advisors in Idaho to Raymond James & Associates. The advisors are Greg Fairfield, Christine Satterfield, Linda Stirling and Harry Tharp.  
BNY Mellon Wealth Management added five senior figures to its Miami office. The arrivals included Gina Smurro, senior client strategist, Sebastien Gault, family wealth advisor, Tamara Oswald, associate wealth manager, Jessica Diaz as analyst, global insights lab and Francesca Tabak, analyst, private banking. They report to Laura Kaplan, market president, Miami.

Chilton Trust, the US wealth management firm and national trust bank, appointed Elizabeth Weymouth to join its board of directors. Weymouth serves longside Chilton Trust’s other directors, including newly-appointed board member John A Hilton, Jr.

Weymouth is the founder, managing partner and chair of the investment committee of Grafine Partners, a boutique alternative asset management firm. Prior to founding Grafine Partners in 2018, Weymouth spent 10 years at Riverstone Holdings, a private investment firm focused on growth capital investments in the energy industry. She was also a managing director at JP Morgan Private Bank and head of investments for the US Northeast region.

Biondo Investment Advisors, based in Milford, Pennsylvania, appointed Luke Barbalich to join the team as a wealth advisor. Barbalich joined after more than 14 years in the healthcare field, most recently as community outreach coordinator for Atlantic Health System.

Wells Fargo appointed Derek Flowers as chief risk officer. Flowers served in numerous risk management and business roles at Wells Fargo. Most recently, he was head of strategic execution and operations. Flowers was previously the company’s chief market risk officer and its chief credit officer. In those roles, he was responsible for leadership and oversight of all credit, counterparty, and market risk undertaken throughout the company. 

EisnerAmper appointed Tenaya Taylor in the newly-created role of director of diversity, equity and inclusion. Taylor has more than 20 years of expertise in DEI, philanthropy, multicultural marketing, communications and advocacy spanning multiple industries. 

TwentyFour Asset Management, the London and New York-based specialist fixed income investor appointed a new partner from within its portfolio management team: David Norris. Norris, head of US credit at the firm, became a partner of the partnership that was founded in 2008. He joined the firm in 2018 and is based in New York.

Argent Financial Group appointed Luc McGehee as trust administrative assistant with Argent Trust Company in Dallas. McGehee, who reports to Argent Trust Dallas Market President Linda Baker, joined the firm as a staff auditor in 2020.

Key Private Bank named Julia Trivisonno as senior vice president, regional sales leader for Central New York. Prior to joining Key, Trivisonno served as a vice president and private banker with Wilmington Trust in Syracuse and Binghamton. Trivisonno has also held positions of increasing responsibility in commercial and business banking with M&T Bank and HSBC Bank. 

Raymond James appointed Kevin Ruth as senior vice president of private wealth. He joined the firm at its St Petersburg, Florida headquarters. Ruth has worked at Merrill Lynch, UBS and Fidelity. Most recently, he served as head of wealth planning and personal trust at Fidelity Investments.

Kingswood US, a network of wealth management firms that oversees more than $3 billion in client assets, recruited seven financial advisors who collectively oversee $295 million in total client assets. The advisors are Donald Kuhs, of Austin, Texas with $120 million in total client assets; Paul Lee and Namhee Park, of Fullerton, California, with $82 million in total client assets; Barry Waxler, of San Diego, California, doing business as Universal Financial Consultants, with $35 million in total client assets; Anthony Nardi, of Rye Brook, New York, with $30 million in total client assets; and Cynthia A Pulver and John David Jensen, of American Fork, Utah, with $28 million in total client assets.

Wilmington Trust appointed Mark Maggioncalda as a senior wealth advisor in its Radnor, Pennsylvania, office. Maggioncalda has more than 28 years of experience in the financial services industry. Prior to joining Wilmington Trust, he spent 16 years with BNY Mellon Wealth Management.

Business consulting firm EisnerAmper named Danielle Barrs as the director of ESG strategic solutions. Prior to joining the firm, she was the head of global energy and greenhouse gas strategy for a Fortune 200 manufacturing company.

Golden State Equity Partners expanded its Wyoming office, adding David Leighton and his practice Heart Mountain Wealth Management. Leighton came from Legacy Financial Partners, an Ameriprise company.

The PNC Financial Services Group appointed Robert A Niblock to join its board of directors. Niblock retired as the chairman, president and chief executive officer of US retail group Lowe's Companies in 2018.

Bank of Hawaii appointed Marco A Abbruzzese as vice chair and senior executive director of its wealth management business. Abbruzzese is responsible for overseeing the wealth management areas of Trust Services Group, Investment Services and The Private Bank at Bank of Hawaii. 

Over the past 30 years, Abbruzzese has served in several senior and executive leadership roles specializing in wealth management at Wells Fargo, Citigroup and Chase Manhattan. 

KKR appointed former venture capital senior figure Matthew Cohler as an independent director, taking the total to 12 out of a total of 16 board seats. Cohler is a former general partner at the venture capital firm Benchmark where, for over a decade, he led early-stage investments in internet and software start-up businesses.

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