People Moves

Who's Moving Where In Wealth Management? – Lindemann Law, 7IM , Others

Editorial Staff 8 December 2023

Who's Moving Where In Wealth Management? – Lindemann Law, 7IM , Others

The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.

Lindemann Law
Zurich-headquartered Lindemann Law has appointed Raphael Züger (pictured), as attorney-at-law and public notary. Previously, he concentrated on markets with a focus on blockchain and digital assets.

(This news service interviewed Züger here as part of an article about proposed Swiss rules affecting digital assets.)

Züger has worked for an industrial holding as well as private and crypto banks regulated in Switzerland, such as SEBA Bank (now renamed as AMINA Bank) and Julius Baer. He obtained an LLM from King’s College London in international financial and commercial law (ongoing), CAS Cryptocurrencies and Cryptofinance, and admission as a Notary Public). He advises in German, English and French and has conversational knowledge in Spanish and Serbian.

Dr Ariel Sergio Davidoff, partner with a focus on UHNW entrepreneurs, said in a statement that he looks forward to working with Züger on M&A transactions, corporate structuring, financial regulation and licensing, and other areas.

7IM, the UK-based wealth and investment firm, has appointed Ben Covey as managing director of its private client business. Covey will join the company on 1 January 2024. 

Covey’s appointment follows the decision by Colin Rowe, the current MD of 7IM’s private client arm, to leave the business at the end of March 2024 after three years in the role.

With more than 20 years of experience in the wealth management sector, Covey has worked at groups such as Barclays Wealth and most recently, Santander Private Banking, where he was MD until June this year.

“At Santander, he oversaw a transformation of the business, resulting in a record inflow of private banking clients whilst securing awards for outstanding client engagement and commitment to diversity and inclusion,” 7IM said in a statement yesterday. 

Alongside Covey’s appointment, Catriona Reed, previously head of Northern England, Scotland and Northern Ireland for 7IM’s intermediary business, has been appointed as head of London, private client, to “add further depth and expertise” to 7IM’s private client arm.

Financial services group GSB has appointed Jon Urquhart as managing partner and co-head of GSB Private as it expands its business in the UK.

Urquhart has spent 18 years in financial services, most recently as director of mortgages at Mantra Group, where he led the mortgages division and was a specialist in large loans, with private banking clients, financing some of London’s most prestigious addresses.

“Jon has been nothing short of phenomenal during his career, brokering some of the biggest and most dynamic deals in the private client space,” Ross Whatnall, group CEO and co-founder of GSB said.

GSB’s expansion into the UK is part of the business’s strategy to offer its holistic wealth management services not only to expatriates in the UAE but also to those based in or returning to the UK and Europe. Ninety per cent of GSB’s current clients are from the UK or mainland Europe. Urquhart's arrival follows the appointment of Ryan Dixon as co-head of GSB Private in September 2023. He was previously with Investec and Adam & Company. 

GSB was founded in Dubai by Ross and Alison Whatnall in April 2021. It aims to provide wealth management services comparable to private family offices that are accessible and affordable to a broad market. The company has made several key hires in 2023, including Stuart Ritchie and Mauro De Santis Bo who joined in November from AES International in the UAE.

Welrex, the UK-based wealth management house, has appointed former BNY Mellon/Pershing treasurer (for the EMEA region), Geoff Carpenter as chief financial officer.

In other roles, Carpenter worked at Santander UK in Treasury where he led investor relations, ratings agencies and liquidity planning teams. He also worked at Prudential in head office, planning corporate dividends, hybrid capital issuance and FX hedging for the group.  

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