After the August holidays, September proved a busy month for moves in wealth management, particularly in the UK, US and Asia.
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Deutsche Bank Private Wealth Management appointed Louisa France as investment director - financial intermediaries, a newly-created role in which she will lead the firm’s intermediary business in Edinburgh.
France was latterly intermediaries sales business manager at Deutsche Bank PWM, having joined the firm in 2004 from Aegon.
In her new role she will report to Grant Milne, who heads the Edinburgh office, and will work closely with Simon Brennan, who leads intermediary business development at Deutsche Bank PWM’s office in Glasgow.
Duncan Lawrie, the UK-based private bank, appointed Simon Bonnett as its new head of financial planning.
Bonnett joined the bank from Arbuthnot Latham and now reports to Matthew Parden, the bank's managing director.
State Street Global Advisors, the investment management business of State Street, appointed Scott Ebner as managing director and global head of ETF product development.
Ebner joined the firm from NYSE Euronext, where he was latterly senior vice president and global head of exchange-traded products.
In his new role, Ebner will be based in the firm’s London office and will report to James Ross, senior managing director and global head of exchange-traded funds.
UK-based Ignis Asset Management appointed Mark Lovett as chief investment officer – equities, a newly-created role. He now reports to Chris Fellingham, Ignis’ CIO.
Lovett was latterly CIO, UK and European equities in London for Allianz RCM. In addition to this role he was chairman of the firm’s asset allocation committee in London, a board member of its London executive committee, and a member of its European management group.
Investec Specialist Private Bank, part of the UK and South African-listed banking group Investec, has expanded its team in Guernsey with five new members of staff.
Mark Renouf has been appointed as a relationship manager in the intermediary banking team; James Cooper has been appointed as a private client relationship manager; Stephen Houchen has joined the firm’s lending team; Susan O’Hagan has joined the finance team, and Darren Baker has been recruited to provide online technical support.
The international law firm Withers appointed Justine Horseman Sewell as a consultant to the firm’s charities practice.
Horseman Sewell was most recently head of legal at Tate - the UK collection of art galleries - where she negotiated gallery sponsorship and media agreements, as well as chairing the freedom of information group.
In her new role Horseman Sewell will work closely with Withers’ arts and cultural assets practice, headed by Pierre Valentin, advising on a variety of issues related to fine art, decorative art, antiques and heritage property.
Savoy Investment Management, a subsidiary of UK-listed Syndicate Asset Management, appointed former Charles Stanley manager David de Winton as an investment manager.
At Charles Stanley, de Winton co-managed a discretionary client base; prior to that role, he worked at Killik & Co Stockbrokers between 1998 and 2006.
London-based Liontrust Asset Management named Mark Allpress as its new head of retail distribution, a role in which he will oversee the firm’s sales team, focusing in particular on advisors, discretionary managers, platforms and life companies.
Up until July of this year Allpress was head of retail distribution at Old Mutual Asset Management, where he was responsible for the UK retail IFA, discretionary sales, strategic relationship and retail broker support teams. Prior to joining Old Mutual in 2008, he had been sales director at BNY Mellon Asset Management, a firm which he joined in 1997 before going on to be appointed to its board in 2000.
Cazenove Capital Management, the UK-based independent asset manager, appointed Niall Kennedy as a director at its Edinburgh office.
In his new role, Kennedy will manage private client and charity portfolios, working alongside fellow directors Sandy Dudgeon, Peter Hillier and Richard Onslow.
Prior to joining Cazenove, Kennedy worked at Adam & Co, the Edinburgh-based private bank, as an investment director for five years, before which he served as a fund manager for Cazenove in London for 18 years.
GAM, the Zurich-based asset and hedge fund manager which was formerly a part of Julius Baer, appointed Andrew Jenkins as portfolio director to its UK private client team, effective from 1 October 2010.
In his new role, Jenkins will report to Jonathan Colchester, head of private clients (UK). Prior to the appointment, Jenkins worked at Barclays Wealth London, where most recently he served as a director managing a team of six bankers.
The London-based boutique Vestra Wealth appointed Neil Williams – latterly of Matrix Group – as an investment manager to serve the firm’s high and ultra high net worth clients.
Williams was one of the team which Matrix brought in from Ansbacher and Co to establish its private client investment team and while at Matrix he managed a variety of such portfolios, providing discretionary, advisory and execution only investment services to private clients, charities, trustees and family offices.
Barclays Wealth appointed Eline Lofgren to its Glasgow-based portfolio management team, reporting to Alastair Mackenzie, regional investment director. She previously spent four years as an investment manager with Glasgow-based Speirs & Jeffrey Stockbrokers, a role in which he focused on portfolio construction, risk management and equity research.
Sripad Gopala joined Barclays Wealth’s private banking team in Aberdeen. He was latterly an advisor with St James’s Place Wealth Management, with responsibility for investments, pensions and protection. In his new position he will be working closely with Mark Flynn, vice president, to help grow the firm’s business across the northeast.
Ashcourt Rowan, the wealth management arm of Syndicate Asset Management, appointed Mike Kew as an asset manager in Birmingham, its first such role in the city.
Kew has 30 years of experience in investment and was latterly an investment director with Williams de Broe.
The UK-based, recently-launched combined wealth management business of AXA, appointed a new executive management team that will support the strategy and focus on the new business.
David Thompson was appointed managing director for a new combined distribution function known as AXA Wealth UK Distributors.
Simon Philp, managing director for Bancassurance, and Ian Colquhoun will continue in their current roles and report directly to Thompson. Philp will work on strengthening the partnership across AXA Wealth’s distribution community, while Colquhoun will assume responsibility for building AXA Wealth’s new corporate investment business and corporate joint ventures.
At Elevate, AXA Wealth’s wrap platform, Martin Jennings was appointed managing director, where he will be responsible for platform proposition strategy, proposition design and business services.
Cheryl Toner, chief marketing officer at AXA UK Group, will expand her role by assuming overall responsibility for AXA Wealth’s new market proposition.
Marc Davies, executive director at AXA Distribution Services, will lead the expansion of the proposition into a new IFA-based, direct to consumer market opportunity. In this role he will report to Toner.
Nick Elphick will continue in his role as chief operating officer with responsibility for off-platform and international operations. He will also be overseeing the investments and on-platform operations in addition to the IT function across an entire portfolio of businesses at AXA Wealth.
Director of strategy and business development, Tom Wilkinson, will continue to lead shaping and planning of AXA Wealth’s strategy, with a focus on platforms.
Hans Georgeson was appointed managing director for Architas Multi-Manager with Jim Hardie taking overall responsibility for funds governance.
Finally, Dave Cheeseman was appointed chief finance and risk officer and is joined by Andy Purvis as director of business risk, while Paul Riddell will head up the AXA Wealth public relation and internal communication functions.
Charlemagne Capital, the investment manager that focuses on emerging markets, added Mark Krombas to its portfolio advisory team in a bid to increase its Middle East and North Africa offerings.
Krombas has worked in emerging markets investments for ten years with eight years focused on the MENA region, latterly at GLG and Société Générale Asset Management, where he was lead manager of three MENA funds.
Barclays Wealth added Sue MacGregor and Jamie Joughin as relationship managers to its nine-strong intermediary and institutional wealth solutions team on the Isle of Man.
MacGregor joined the firm from RBS, and in her new position is responsible for Barclays Wealth’s key clients within its specialist banking team. Specifically, she provides relationship management to “selected” fund administrators on the Isle of Man as well as a portfolio of London-based fund managers.
Joughin, meanwhile, transfers from another role within the wealth management firm, having previously been service and support manager for its intermediaries division. He will work closely with MacGregor in looking after clients including local- and London-based fund administrators and investment managers.
Barclays Wealth appointed Nigel Riley as head of Barclays Wealth International Direct - an entry level proposition for clients seeking international banking - effective from January 2011.
In his new London-based role, Riley will be working alongside Shaun Phillips, global head of international relationship, Barclays Wealth International.
Prior to joining the firm, Riley spent five years working for RBS International, the offshore arm of the Royal Bank of Scotland group, where he headed up international affluent teams, and most recently held the position of head of strategy.
Legal & General Investments, the UK-based asset manager, appointed Frank McGarry - latterly of Insight Investment - as sales director.
McGarry was most recently head of intermediary sales at Insight, responsible for driving sales from UK intermediaries and third party distributors, and before this had been sales director at Cofunds.
In his new role McGarry will report to Simon Ellis, LGI’s managing director.
Fairbairn Private Bank, part of Old Mutual Group, added Colin Campbell from Barclays Wealth and Carlo Lourenco from Coutts to its London-based private banking team.
Campbell joins the firm as a private banker following a 14-year stint with Barclays, while Lourenco joins as a personal banker following a ten-year career at Coutts.
Société Générale Private Banking Hambros opened a new office in Edinburgh, its first such office in Scotland, appointing Mike Smith and Christopher Thomson to head the Edinburgh office.
Smith worked for Citi Private Bank and Smith Barney in Washington DC for 15 years before joining Merrill Lynch International Bank in London and then in Edinburgh in 1998. Following Merrill Lynch, Smith founded the Kleinwort Benson Private Bank operation in Scotland, before joining SGPB Hambros in October, 2008.
Thomson joined SGPB Hambros in October 2008, also from Kleinwort Benson, where he started in 2005 and worked alongside Smith. A native of Edinburgh, he spent twelve years in investment banking, holding various capital markets positions with Barclays Capital and Toronto Dominion Securities, dividing his time between New York and London.
Matrix Group, the UK-based privately-owned financial services firm, hired Peter Bax from Citigroup as head of property asset management.
Bax was latterly a senior portfolio manager at Citi Property Investors, a position he held for nine years; prior to this he was vice president of global real estate investment origination at Citi Private Bank.
A former director of HSBC Private Bank, Edward Charlton, joined Citi Private Bank as a senior advisor.
Charlton has more than 40 years of experience in financial services, including 35 years in international banking. Among his previous roles was that of chief executive of Banque Internationale à Luxembourg, and executive director at Banque Paribas.
Arbuthnot Latham, the London-based private banking and wealth management arm of the Arbuthnot Banking Group, added three private bankers to its private banking team, and a senior portfolio manager to its investment management team.
Mats Arthursson joins the firm as a senior portfolio manager from Carnegie Private Bank, where he worked since 2000 advising high net worth clients on portfolio management in Stockholm, London and Luxembourg.
On the private banking side, Chris Bland joins from Clydesdale Bank, where he worked as a senior private partner; Paul Beach joins from Barclays Wealth, where he worked as a private banker in the financial institutions team, and Richard Davies joins from Lloyds Banking Group, where he was a private banking client manager.
Adam & Co, the Edinburgh-based private bank which is part of the Royal Bank of Scotland group, made a double hire for its expanding financial planning arm.
Financial planners Steve Pennington and Philip Goldthorp have joined the bank’s London and Manchester offices respectively; Pennington was latterly with Lloyds Private Banking, where he was a wealth manager, and Goldthorp was previously at St James’s Place, where he was an associate partner.
Close Asset Management strengthened its intermediary client advisor team with the hire of Paul Fisher, who was latterly a private banker and senior financial planning specialist at Coutts.
In his new role - based in the southwest - Fisher is charged with both providing investment advice and developing Close’s links to key intermediaries in the region as the firm looks snap up the books of IFAs wanting to exit the industry before the implementation of the regulator’s Retail Distribution Review.
Fisher will be working closely with Anthony Hall, who was appointed to the southwest team in May, and will report to David Muncaster, director of intermediary clients, the report said.
RMG Wealth Management, the London-based private client investment manager, appointed Stephen Greene as a partner.
Greene was formerly chief investment officer and partner of alternative investments at ACPI Investments. He has also served as global head of hedge fund research at Deutsche Bank Private Wealth Management.
In his new role Greene will join Stewart Richardson, also a partner, in managing client portfolios focused on generating absolute returns.
Deutsche Bank Private Wealth Management reshuffled its leadership team in Scotland, making two new internal appointments in Glasgow and Edinburgh.
Paul Frame is to assume responsibility for the Glasgow office, succeeding John Watson - a Deutsche/Tilney veteran of some 26 years - who is retiring. Frame, who has himself been with the German banking giant for 13 years and was latterly team head and senior relationship manager in Glasgow, will be supported in his new role by Stephen McClymont, who has taken over Frame’s previous post.
Grant Milne was named as the new head of the Edinburgh office, supported by Charles Mullins, head of wealth planning for PWM UK, who is charged with developing the firm’s wealth planning capabilities there. Milne has been with Deutsche for 18 years and was latterly team head and senior relationship manager for Edinburgh. In his new role he replaces Alan Aitchison.
Investec Asset Management bolstered its eleven-strong credit team with the addition of Steven Loubser, who is charged with spearheading the firm’s Africa credit strategy.
Loubser joins from Africa’s Standard Bank, where he had spent a total of nine years and was appointed head of high yield in 2007.
Schroders, the UK-listed investment house, bolstered its global equities team with the addition of Sam Catalano and Giles Money.
Catalano was appointed as a portfolio manager and global sector specialist covering the materials sector, while Money was named a portfolio manager and specialist climate change analyst.
Catalano joins from Macquarie, where he was based in London leading the Australian firm’s European metals and mining equity research team. In his new role he reports to Virginie Maisonneuve, head of global and international equities at Schroders.
In his new role Money will focus on Schroders’ global climate change strategy, which both feeds into the Global Climate Change Fund and informs the firm’s broader global and international equities strategies. He reports to Simon Webber, co-manager of the Schroder Global Climate Change Fund.
Ashcourt Rowan, the wealth management subsidiary of Syndicate Asset Management, appointed Mark McDonald to join its Cupar office as an intermediary relationship manager.
McDonald joins the firm from EuroDebt Financial Services, where he was previously business development manager. He has also worked at L&G, Royal Bank of Scotland, and Newton Fund Managers and has experience in discretionary and managed portfolio service offerings.
JP Morgan Asset Management expanded its fixed income team with the appointment of Nick Gartside as international chief investment officer.
Gartside will be joining the firm in December from Schroders, where he has worked since 2002, latterly as head of global fixed income.
At JP Morgan AM he will be reporting to Bob Michele, global CIO of fixed income for New York, London and Asia, who also joined the firm from Schroders back in 2008.
London-based Brompton Asset Management appointed Gill Lakin as chief investment officer on its private clients team.
Lakin joined the firm from Thornhill Investment Management, where she was also chief investment officer, having responsibility for the investment team, the fund selection process and the asset allocation process. She has also previously been head of UK research at Société Générale Asset Management, and worked at Prudential Portfolio Managers.
Lombard Odier Investment Managers hired Richard Walsh as head of emerging market debt.
Walsh has previously worked at BlueCrest Capital Management and GLG Partners. He will report to Stéphane Monier, global head of fixed income and currencies in his new role.
Stonehage Investment Partners, the independent investment advisory business of the multi-family office Stonehage Group, appointed Kim Hillier as a director.
Hillier joins from Investec Private Bank, where she was co-head of the wealth management division and chief investment officer.
HSBC Private Bank appointed Anatoly Crachilov as an investment counsellor, working with the international team and focusing on the Central and Eastern European market.
In his new London-based role Crachilov will report to Daniel Ellis, head of the London private bank investment group.
He joins from Troika Dialog Investment Banking in Moscow, where he latterly managed the launch of the Russian firm’s first UCITS-compliant offering.
JP Morgan appointed Audrey Childe-Freeman – latterly of Brown Brothers Harriman – as head of currency strategy for its private bank in EMEA.
While at Brown Brothers Harriman, Childe-Freeman was a senior FX strategist, covering the G10 and CEE currency bloc, in addition to being responsible for coverage of the Bank of England, European Central Bank, Swiss National Bank and Scandinavian Central Banks.
In her new role Childe-Freeman reports to Rebecca Patterson, global head of currencies and commodities at JP Morgan Private Bank, and Soma Rao, head of fixed income, currencies and commodities for the private bank in EMEA.
Barclays Wealth promoted Ben Gulliford as regional centre head for Birmingham.
Gulliford joined the firm in 1999 and has spent the past three years working as a private banker in the Birmingham office. He will replace Graham Nicoll who has moved to another role within the company.
In his new role Gulliford will have overall responsibility for the Birmingham office and also be responsible for growing the business across the Midlands.
Barclays Wealth also appointed Marco Severi as a vice president within its alternative investment distribution team, along with Ishtaj Rahman as a hedge fund specialist within its alternative origination team.
Both new appointees are based in London, with Severi reporting to Jamie Murray, EMEA head of alternative investment distribution, and Rahman reporting to the firm’s EMEA head of hedge fund origination, Sarah Newman.
Axa Wealth International appointed Richard Leeson as its new sales and marketing director.
Prior to the appointment Leeson was head of UK investment development and head of offshore sales development at Prudential International.
In his new role Leeson will lead the development and implementation of Axa Wealth International’s sales and marketing strategy, reporting directly to Kevin Dean, chief executive officer.
JP Morgan appointed Rhian Horgan as the new head of alternative investments for its private bank.
Horgan replaces Nick White, who has joined New York-based Highbridge Capital Management - a firm in which JP Morgan has a majority interest - as a managing director with responsibility for developing its hedge fund and principal strategies business across EMEA.
Horgan has been part of the alternative investments team at JP Morgan since 2008, having previously run the global equity derivatives business for the firm’s private bank and private client services units for three years.
In her new London-based role Horgan will report to David Frame, global head of alternative investments for the private bank, and James Walker, head of investments for the private bank in EMEA.
A prominent wealth management consultant, Ian Woodhouse, who used to work at PricewaterhouseCoopers up until 2002, returned to the giant firm.
PwC appointed Woodhouse to join its EMEA private banking and wealth management practice as a director.
Woodhouse, who has assumed his London-based role, previously worked at an independent advisory firm, which he set up after leaving Ernst & Young in 2008. Woodhouse left PwC in 2002 when that firm sold its consulting arm to IBM in that year.
Sesamie Bankhall is launching a new unit to support ventures including a new investment platform later this year.
The new unit will be headed by the firm’s chief operating officer Stephen Young. Young is stepping down from the COO role but will continue to report to Ivan Martin, executive chairman, and is a member of the firm’s board.
The new COO will be George Higginson, who joins the firm early next year. In his previous role, Higginson was a founding director at Intrinsic, an IFA network, as well as chairman of the Mint IFA Network.
Among other moves, Keith Gilmour has been appointed as business development director, joining this month from Positive Solutions, an IFA, where he was marketing director.
Credit Suisse appointed David Marshall - latterly of UBS - as a managing director and investment partner within its South African ultra high net worth business.
In his new role Marshall will be based in London, reporting to Ian Dembinski, segment head for ultra high net worth individuals at Credit Suisse’s UK/international division.
Marshall was most recently global head of UBS’s corporate advisory group, overseeing a team comprising some 70 bankers across ten locations. In his prior role at the Zurich-listed bank he was global head of M&A strategy and execution.
Credit Suisse also named one of its existing top managers, Osama Abbasi, as chief executive of the Asia Pacific region.
The current regional CEO, Kai Nargolwala, has taken on the new role of non-executive chairman of Credit Suisse Asia Pacific.
Abbasi is head of the equities department of Credit Suisse's investment bank in the region. In his new role he will oversee the execution of the bank’s strategy in Asia Pacific and will be responsible for both divisional and country performance.
Barclays Wealth recruited Sarah Green from HSBC Global Asset Management to take up the role of vice president within its investment advisory team, continuing a recent raft of appointments to this side of the business.
Green will support Barclays Wealth’s UK and Ireland and International EMEA private bankers, focusing solely on the firm’s “affluent” business segment.
While at HSBC Global Asset Management, Green had been part of the UK discretionary investment management team since 2004. Before this she had worked for the Evolution Group and Christows Stockbrokers.
Coutts bolstered its Chelmsford, Essex office with the addition of Stewart Sanderson as client partner and John Hughes as private banker.
Sanderson was previously director of private clients at NatWest, another business within the RBS group, while Hughes has spent the last six years as a private banker with Coutts in London, focusing on its executives client segment.
In their new roles at Coutts’ Chelmsford office the appointees join an already seven-strong team comprised of Mark Bryant, senior private banker, and Lee Blissett, senior financial planning manager, along with five private banking assistants.
HSBC appointed Amy McNally from Barclays Wealth as global marketing manager at its alternative investments division.
At Barclays Wealth, McNally was a product specialist covering alternative investments, responsible for marketing and distributing hedge funds, private equity and real estate products in the UK and EMEA. She has also previously worked at JP Morgan Treasury Services and ABN AMRO Mellon.
In her new London-based role she reports to Florence Picon, head of sales and marketing, HSBC Alternative Investments.
Simon Miles was named as EMEA head of Merrill Lynch Portfolio Managers, after having been acting head of MLPM (part of Merrill Lynch Wealth Management) since June.
Based in London, he will report to Mark Curtis, international head of investment solutions, and locally to David Jervis.
Miles began his career at Barclays before joining the SG Warburg investment management team, providing discretionary solutions to non-UK clients, in 1983. SG Warburg later became Mercury Asset Management, which was then acquired by Merrill Lynch in 1997.
GLG Partners, the New York-listed asset manager, appointed Mark Diab as a portfolio manager. In his London-based role Diab will be responsible for Middle East and North Africa equities within GLG's emerging markets team and will report to Bart Turtelboom and Karim Abdel-Motaal, the co-heads of emerging markets.
Prior to joining GLG, Diab worked at the Qatari investment bank AMWAL as a managing director. There he was responsible for the firm’s equity asset management division as well as the management of two mutual funds, several institutional client portfolios and AMWAL’s own proprietary capital.
In his earlier career Diab was a vice president at SDC Group, which invests in the US, China and EMEA region, in charge of managing its listed equity investments.
Insparo Asset Management, the London-based emerging markets boutique, appointed Graham Stock as its new chief strategist.
Stock joins Insparo after a twelve-year tenure at JP Morgan, where he had held responsibility for areas including the CEEMEA FX Strategy in London and Latin American Sovereign Strategy in New York.
In his new role Stock will join Insparo’s senior management team. Part of his role will be to lead trips to Africa and the Middle East to meet government officials and the like.
Bovill, a UK-based financial services regulatory consulting practice, appointed wealth management specialist Ian Cornwall to its team of consultants in a bid to enhance its offering for wealth management firms.
Cornwall is a former director of UK regulation at the Association of Private Client Investment Managers and Stockbrokers.
Royal London 360° further boosted its Middle East team with the appointment of Steve Hopkinson as regional sales consultant.
In his new Dubai-based role Hopkinson will be responsible for the sale of both the firm’s protection and premium savings products and will work to develop relationships with new and existing advisors in the Middle East region.
Hopkinson joined from Scottish Life, another business within the Royal London Group, where he had spent some twelve years and was latterly senior consultant.
Matrix Group appointed Alkesh Chohan as an analyst within its fund of hedge funds group, boosting its five-strong fund of funds team.
Chohan joins from TCP Asset Management, where he worked as an investment analyst for three years. Chohan will be responsible for conducting due diligence on prospective managers and developing existing relationships with fund managers and prime brokers.
Barclays confirmed that Bob Diamond, currently leading its investment and corporate banking arm and leading the Barclays Wealth business, is taking over from John Varley, who is stepping down as group chief executive next March.
At the start of this month Diamond took on the post of president and deputy CEO, Barclays said in a statement. He has been a board member since 2005.
The changes will not affect the management structure of Barclays Wealth. Tom Kalaris continues as CEO for Barclays Wealth and his reporting line remains unchanged.
As a result of the changes, Varley will become a senior advisor on regulatory matters to Bob Diamond and to the board of Barclays until 30 September 2011. Jerry del Missier and Rich Ricci became co-chief executives of Barclays Capital on 1 October in addition to being co-chief executives of the corporate and investment bank.
KPMG appointed Dr James Dimech DeBono as an associate partner in its financial risk management practice.
Dr Debono joins KPMG from financial advisory and investment banking services firm Duff & Phelps, where he was managing director for four and a half years, leading the international financial engineering practice. Prior to this role, he was at Ernst & Young for eleven years in London and New York.
The Shrewsbury branch of private client investment manager Brewin Dolphin hired Andrew Barr, Verity Criddle and William Eyre as divisional directors, and Rupert Harvey as an assistant director.
Stephen Couttie resigned from his post as chief executive of RAB Capital after two years in the role. The company's chief investment officer, Charles Kirwan-Taylor, is due to take up the top position.
Kirwan-Taylor’s prior career includes roles at Credit Suisse, Barclays and Kleinwort Benson.
Lombard Odier appointed Frédéric Rochat as managing partner of its London office.
Rochat assumed his new role at the start of the month, responsible for Lombard Odier’s London activities and his position as managing partner will take effect on 1 January 2012. Sally Tennant will continue in her role as local managing director.
Rochat has spent most of his career working for the investment banking arm of Goldman Sachs in London and New York, first as an advisor to financial institutions, then industrial companies.
Managing director David Cathie reportedly left Edinburgh-based Adam & Co after a five-year tenure.
Kerry Falconer, head of private banking, will act as interim MD until a replacement is found, reports said.
Man Group, the alternative investment management firm, appointed GLG co-chief executive Emmanuel Roman to the newly-created role of chief operating officer - an appointment which will take effect after the acquisition of GLG.
The acquisition will see Pierre Lagrange, senior managing director of GLG, continue in his role, which involves overseeing investment management and running GLG’s flagship European long short equity strategy. Noam Gottesman will remain co-CEO of GLG with Roman, running GLG’s global opportunity strategy. Lagrange, Gottesman and Roman will report to Peter Clarke, CEO of Man.
Prior to his role at GLG, Roman spent 18 years at Goldman Sachs, where he worked in the fixed income, investment banking and capital markets areas and in 1991 he become the co-head of worldwide equity derivatives.
Gartmore, the London-headquartered asset manager, appointed Jonathan Bloom as general counsel to succeed Bill McGowan, and Adam McConkey as head of UK smaller companies to succeed Gervais Williams.
In his new role, Bloom, reporting to the firm's chief executive officer Jeff Meyer, will be responsible for legal and company secretarial functions. Prior to the appointment, Bloom was general counsel and company secretary at New Star Asset Management Group. Before that he also held a number of public company general counsel roles.
Meanwhile Adam McConkey was promoted to head of UK smaller companies, reporting to Dominic Rossi, the firm’s chief investment officer. McConkey joined Gartmore in 2000 and most recently was a senior investment manager in the UK smaller companies team.
F&C Asset Management made a number of changes in personnel having completed its acquisition of Thames River Capital, which will now handle F&C’s multi-manager funds business.
The combined group will see Thames River focus on distribution to IFAs and wealth managers, whilst F&C will concentrate on institutional distribution.
Charlie Porter, founder and chief executive of Thames River, will join the F&C executive committee, responsible for the group’s retail and wholesale fund business. Jeremy Charles, who will continue as chief operating officer of Thames River, will join the executive committee with the responsibility of implementing changes to the enlarged group’s business model, having the objective of creating greater flexibility in its cost structure and improving overall efficiency.
Charles will report to Alain Grisay, F&C’s chief executive. Prior to joining Thames River in 2007, Charles worked as COO at Coutts, Natwest, James Capel, UBS and Hoare Govett.
The London-based investment manager Frontier Capital Management has made three new promotions and appointments.
Andrew Cracknell was promoted to head of intermediary business, including IFA and discretionary wealth managers focused largely on the UK. He joined Frontier at the start of 2007, becoming a partner in 2008. He previously worked for Close Brothers as a sales director marketing specialist open-ended funds to intermediaries and was head of UK sales for Sarasin Investment Management.
Alex Gaitan was named as portfolio manager for the firm’s hedge fund, Global Hedge. He previously worked as a senior fund of hedge funds analyst for Redi & Partners in London covering a multi-strategy fund of hedge funds.
Finally, Nahed Ennasr joined as a senior analyst within the investment team.
Gartmore added Robert Kyprianou to its board as a non-executive director with immediate effect.
Up until a year ago Kyprianou was the chief executive of Axa Framlington, the UK-based investment manager which is part of the French insurance group Axa. His former roles within Axa include those of global head of fixed income, and deputy CEO and global head of securities at Axa Investment Managers.
Rothschild Private Banking & Trust appointed Dominique Maire as head of emerging markets fixed income portfolio management – a newly-created role in a segment the firm intends to expand in.
Maire now works with Siegbert Böttinger to manage fixed-income mandates for family offices and high net worth clients. He will also be responsible for managing the RBZ Dollar Bond Fund.
Maire has been with the firm since 2004, latterly as a senior banker and first vice president. In his new role he will maintain these client relationships, but also take on new managerial responsibilities.
Prior to his career at Rothschild, Maire also held positions in emerging markets research at UBS Securities and SG Securities in Zurich, Singapore, Bangkok and London.
HSBC Private Bank’s Global South Asian Diaspora team appointed Mrinalini Ramakrishnan as a director and investment counsellor based in London.
Ramakrishnan has held a range of wealth management roles at JP Morgan, Citigroup and Merrill Lynch, where she had worked for the past 13 years. As a portfolio counsellor, she was responsible for advising high net worth clients on investment strategies covering mutual funds, ETFs, hedge funds, private equity and real estate.
Schroders appointed Mark Brandreth as co-head of research within its quantitative equity products global equities team.
In his new London-based role, Brandreth is responsible for researching new investment ideas and applying these into the investment process. He also will work closely with Sydney-based co-head of research David Philpotts.
Brandreth joined the firm from BlackRock, where he was a managing director in scientific active equities.
Signia Wealth, the UK-based multi-family office, appointed Mark Elliott from Barclays Wealth as managing director.
In his new role Elliott will look after ultra high net worth client relationships and support chief executive Nathalie Dauriac-Stoebe in the future development of the business.
Prior to joining Barclays Wealth, where he was head of the financial institutions group and the professional practices business.
Armajaro Asset Management, the London-based alternative investment manager, named Harry Morley as its new chief executive, taking over from co-founder Richard Gower, who has become the company’s chairman.
Morley was latterly group finance director of Armajaro Holdings, a position he held from 2008. Prior to this he worked for a range of private equity-backed businesses.
Collins Stewart Wealth Management hired Sean Millensted to join its intermediary sales team and appointed Christopher Sherwell as a non-executive director of Collins Stewart in the Channel Islands.
In his new London-based role Millensted will be focusing on independent financial advisors and will report to Phil Simmonds, head of UK intermediary sales.
Prior to joining the firm Millensted worked for Zurich Intermediary Group, the distribution arm of Zurich’s UK Life Business, where he marketed to IFAs, banks and other intermediaries.
Meanwhile, Sherwell was appointed as a non-executive director of Collins Stewart in the Channel Islands. He became managing director of Schroders in the Channel Islands in 2000 and after stepping down in 2004 continued as an NED until 2008.
Sherwell’s current NEDs include the chairmanship of Goldman Sachs Dynamic Opportunities, a fund of hedge funds, and of the Hermes Commodities Umbrella Fund.
Aviva Investors named Peter Poulopoulos as business development manager for Victoria, South Australia and Tasmania.
Poulopoulos stepped in from Zurich, where he served in the same capacity for corporate super and investments for five years.
MLC appointed Stuart Kieghran to the newly-created role of portfolio manager for property and unlisted assets.
Kieghran, who joined MLC from Alliance Bernstein, took responsibility for the firm's property and unlisted asset strategies and will undertake research into global and domestic listed and unlisted property and infrastructure. Based in the North Sydney office, he is also in charge of selecting managers for the unit.
PIMCO Australia appointed Michael Dale as an investment specialist in line with expansion plans for its retail presence in the country.
In his new role, Dale, previously a treasury dealer at Suncorp Metway, works closely with Peter Dorrian, the head of global wealth management, to increase understanding of the value of fixed interest for investors in retirement, and will also target the expansion of the firm's presence in the retail platform and wrap markets. He succeeds Matthew McLenaghan, who was named consultant relations manager for the investment manager's institutional unit.
National Australia Bank appointed Nicola Richards as chief investment officer of its MLC wealth management unit. Richards resigned from the chief investment officer position at Fidelity International to take a break from the industry in March this year. She served in several key international positions at Fidelity, as well as at Schroders Investment Management.
In her new role, which commences in January 2011, she takes charge of over A$65 billion (around $62 billion) in funds. In the meantime, she will be working closely with MLC.
The CIO post is being occupied by Susan Gosling in the interim. This is in addition to her role as head of capital markets, research.
National Australia Bank promoted Andrew Hagger to group executive for corporate affairs and marketing.
Hagger previously headed the bank's private and institutional wealth business and the insurance operations of MLC and NAB Wealth. Prior to that, he was the office managing partner at PricewaterhouseCoopers in Melbourne.
In his new role he is responsible for NAB's marketing, brand, sponsorship, event, community and corporate responsibility and corporate affairs, along with government and public policy activities.
Colonial First State, the Australia-based firm that counts wealth management among its services, appointed Cassandra Hinze as head of Bankwest Financial Advice.
In her new role, Hinze reports to Paul Barrett, the general manager of the CFS advice business.
Hinze joined the bank from Macquarie Private Wealth, where she was head of advisor services and was responsible for the strategic direction and management of Macquarie's advice-based programs.
BT Financial Group, the wealth management arm of the Australian financial services firm Westpac, appointed Craig Lawrenson to head up its Asgard division.
Lawrenson joined Asgard on 1 Octover, replacing the firm’s former head Wayne Wilson.
Lawrenson has been with BT for around 14 years, most recently as head of product and strategy for BT Wrap, with responsibility for the design, execution and ongoing management of product strategy for the business.
Anna McCreery, director and market leader for Credit Suisse Private Banking in Australia, resigned from the company.
McCreery joined the private bank from UBS AG in Singapore, where she served as executive director, responsible for a team of private bankers that focuses on Asian and Australian clients. Prior to that, she held several positions within foreign exchange sales at Citibank in Sydney, Singapore, and London.
Morgan Stanley Smith Barney named three senior financial advisors to its Australian wealth management division.
Mark O'Sullivan, James Gosnell, and Chris Watson joined the company's Sydney office as advisors. The three previously worked for Macquarie Private Wealth, specialising in international markets.
Julius Baer hired Jacqueline Koo as the new head of portfolio management for North Asia.
Koo was most recently a managing director and head of investment management at LGT Investment Management in Hong Kong. In her new role, she will be working alongside Erika Mok, who will soon be taking charge of multi-asset portfolios for clients in North Asia. Mok also comes from LGT, where she served as portfolio manager under the discretionary management unit.
UBS appointed senior executive Alex Wilmot-Sitwell as co-chairman and co-chief executive for the Asia Pacific region; he will lead the region together with Chi-Won Yoon, current chairman and CEO, Asia Pacific.
Wilmot-Sitwell will be based in Hong Kong and will take over his new role on 1 November. He has been at UBS since 1996 and was appointed joint global head of investment banking in 2004; chairman and CEO of Europe, Middle East and Africa in 2008, and co-CEO of the investment bank in April last year.
Under the changes, Carsten Kengeter, currently co-CEO of UBS' investment bank, will become sole head of the investment bank.
Citibank Global Consumer Group made key appointments to its senior management ranks.
Fanny Lum, formerly the director of wealth management, is now the director of bank branching. In her new role, she is responsible for overseeing the bank's retail branches, as well as operations in Hong Kong and Macau. She manages a team of relationship managers serving the mass affluent and affluent clients.
Josephine Lee, who used to be the head of investment products and sales, now occupies Lum's former job as director of wealth management, responsible for the development of investment products and sales and marketing strategies for the delivery of wealth management solutions for retail clients.
Also acquiring a new position is Maria Leung, who is now director of Citigold Private Client. She will be overseeing operations and linkages at the One Citi Wealth Management continuum, which covers Citigold, Citigold Private Client, and Citi Private Bank.
Swiss private bank Lombard Odier built on its Asian operations with the appointment of five senior relationship managers to its Hong Kong office.
Philippe Adler, who brings 18 years of private banking experience from UBS, was named managing director. Stepping in as executive directors are Dominik Fuerst, from UBS, Tanya Ward, also from UBS, Doreen Tan, from Bankers Trust, and Barbara Wang, from W Capital Group.
Withers, the international law firm with a large private clients operation, relocated Patrick Hamlin from London to Hong Kong to head its litigation practice in the jurisdiction.
Hamlin has extensive experience in Hong Kong, having practised law from 1979 to 1994 there, including four years in private practice and eleven as a lawyer for the government. In his new Hong Kong post, he will focus on advising clients on disputes related to wills, trusts and inheritance law, an area in which Withers says it intends to expand in the coming years.
He joins Withers Hong Kong through its associated law firm Facey & Co, which was established in August this year, with a view to merge with Withers Hong Kong by January 2011. Withers Hong Kong will then be registered as a local law firm offering both local and international legal services.
Mercer strengthened its retirement risk and finance unit with the appointment of Alan Oates as business leader in Hong Kong.
Oates was previously a principal and senior member of the international benefits group at Mercer New York. Prior to his New York position, he was part of the retirement, risk and finance team in the UK.
American International Group appointed Marc de Cure as its new chief financial officer in Hong Kong, filling a position that was unoccupied for several months.
De Cure previously served as chief finance officer for Australian wealth manager AMP and as principal advisor for Bain & Co prior to this appointment, which commenced on 27 September. He leads AIG's Asian life insurance arm, American International Assurance, or AIA.
Hong Kong-based Quam Asset Management announced that Richard Harris took over at the helm of the company as of last month.
Harris, a Hong Kong resident, brings 32 years of industry experience to the firm, specialising in investment management in Asia, Europe and low-taxation jurisdictions. He joined from Port Shelter, a consulting firm he founded to assist family offices with their investment decisions. Prior to that, he served as chief executive of Jardine Fleming's private bank and as director for Citi Private Bank in Asia, among other positions.
The Royal Bank of Scotland announced two key promotions for its global banking franchise.
Matthew Kirkby is now head of global banking, Asia Pacific, while Patrick Broughton took over as global head of equities origination.
Kirkby most recently held the position Broughton is filling. Prior to that, he was head of M&A/equity capital markets (ECM) for Asia Pacific, head of ECM Asia Pacific, and head of South Asia ECM. Based in Hong Kong, Kirkby reports functionally to Marco Mazzucchelli, global head of banking and deputy CEO, and regionally to John McCormick, CEO for global banking and markets Asia Pacific. He retains his other previous role as global head of corporate finance.
Meanwhile, Broughton reports jointly to Frank McKirgan, global head of equities, and Mazzuccheli. Prior to taking up his new position, he was head of ECM for Australia and New Zealand. He will be based in London.
Citi Private Bank named Roger Bacon as head of management investments and advisory for Asia Pacific.
Bacon previously served as head of Union Bancaire Privee's hedge fund unit in London. In his new role he is based in Hong Kong and responsible for managed product sales, advisory sales, tailored portfolio origination, and other related transactions for in the region. He reports directly to Debashish Dutta Gupta, the bank's head of investments for Asia Pacific.
Financial Risk Management relocated Marc Fisher from London to head its office in Hong Kong.
Fisher was previously the managing director for marketing in the Hong Kong region and also headed the company's Principia product range. Prior to that he worked for Citi, where he helped set up the bank's fund derivatives marketing division. In his new role, he took over from Au King Lun, who moved to Bank of China.
Barclays Wealth appointed Thelma Kwan as head of wealth advisory for the Asia Pacific region, based in Hong Kong.
Kwan heads the team of trust consultants in Hong Kong and Singapore, and oversees the provision and marketing of trust structuring and wealth advisory services to Barclays Wealth high net worth and ultra high net worth clients across Asia.
She reports to London-based Rob Withecombe, Barclays Wealth head of wealth advisory, as well as to Didier von Daeniken, chief executive of Barclays Wealth Asia Pacific.
Prior to joining Barclays Wealth, Kwan was at LGT Management Services, where she was executive director of trust services for the past three years.
UBS AG named Stephen Pak to head its hedge fund business in Asia.
Pak, who becomes head of regional capital introduction for the prime brokerage division, used to work in the alternative investments division at Credit Suisse. At UBS, he reports to Ashley Jarvis, the global head of business and capital consultancy of the same unit.
Macquarie Private Wealth Asia appointed three senior private wealth executives to its growing regional team in Asia.
James Mak, Robin Harris, and Leonard Tan joined Macquarie in support of the company's expanding range of services for ultra high net worth individuals in Asia. Mak stepped in as region head of co-investments and strategic advisory based in Hong Kong, Harris as head of strategic partnership development initiatives, and Tan as key client advisor, with a focus on South East Asian markets.
Mak was formerly the head of JP Morgan's strategic advisory group for Asia Pacific, Harris used to be the managing director for Equity Trust, while Tan, most recently a director at Focal Capital, was one of the top private banker's at Morgan Stanley Private Wealth Management Asia.
ABN Amro Private Banking named Mark Chan as market manager for its Hong Kong unit, China International.
Chan previously served as head of private banking for Greater China at Deutsche Bank, head of private banking for Taiwan at BNP Paribas, and head of private banking for North Asia at Rabobank. Prior to his new job, he was head of private banking for Mainland China at Bank of Singapore.
At China International, he is responsible for building a team of private bankers in the China market. He reports to Gloria Sun, market manager for China and Taiwan International.
Barclays named Helge Weiner-Trapness as head of the financial institutions group for Asia Pacific. He is joined by Steven Sun, who was appointed Asia Pacific chairman of the financial institutions group.
Weiner-Trapness left JP Morgan Chase & Co in 2008 after over six years at the firm, and started working at Barclays in early August 2010. Sun, meanwhile, joined Barclays in 2009 from UBS.
Also recently appointed were Randy Gelber, from Bank of America, as head of technology investment banking, and Jorge Munoz and Marco Schwartz as co-heads of equity capital markets for Asia Pacific. Munoz is from Deutsche Bank, while Schwartz came from Barclays Capital in the UK.
All positions are based in Hong Kong.
Bryan Chen, the Asia marketing manager for Edmond de Rothschild Asset Management, resigned from his Hong Kong-based post.
Chen reportedly informed the company of his departure three months ago and is looking at two potential offers, one from a Middle East sovereign wealth firm and the other from a private equity group in the Far East.
It remains unknown whether his replacement has already been selected.
Bank of America's Merrill Lynch appointed Michael Benz from UBS as its new Asia Pacific head of wealth management, taking over from Antony Hung, who stepped down from the role as previously reported.
As head of Merrill Lynch Global Wealth Management Asia Pacific, Benz will report to Sallie Krawcheck, head of Merrill Lynch GWM.
Benz, a Swiss national, recently headed the investment products and services unit in Asia for UBS. He joins BofA Merrill Lynch early next year, the US firm confirmed to this publication.
Benz, who moved to Hong Kong in 2003, previously worked in investment banking, asset management and wealth management in Switzerland, Singapore, Tokyo and Hong Kong with UBS.
Credit Suisse named one of its existing top managers, Osama Abbasi, as chief executive of the Asia Pacific region and a member of the executive board of the Zurich-listed bank, reporting to CEO Brady Dougan.
The current regional CEO, Kai Nargolwala, took on the new role of non-executive chairman of Credit Suisse Asia Pacific.
Abbasi was formerly head of the equities department of the investment bank in the region. In his new role he oversees the execution of the bank’s strategy in Asia Pacific and is responsible for both divisional and country performance.
Abbasi remains based in Hong Kong while Nargolwala relocated to Singapore.
Private client specialist Karen Choy joined the Hong Kong office of Equity Trust as its new head of trustee services.
In her new capacity, Choy manages and monitors the Trustee Services division, which works with HNW clients and their advisors for their business, fiduciary and financial needs
Credit Suisse appointed former UBS senior manager James Hong as private banking chief executive for Hong Kong.
Hong reports to Marcel Kreis, head of Private Banking Asia Pacific.
The post of private banking CEO in Hong Kong was a role created in May this year; Kreis acted as interim chief executive for the bank in Hong Kong prior to Hong's appointment.
Hong was most recently at UBS Global Asset Management, where he was the chairman of Greater China from 2004 to 2009, and, before that, head of alternative and quantitative investments, Asia.
Shyam Srinivasan assumed the leadership of Kerala-based Federal Bank as its new managing director and chief executive.
Srinivasan was previously the country manager at Standard Chartered Bank's consumer banking business. He was also formerly country head at the bank's consumer unit in Malaysia.
JP Morgan Private Bank appointed Rahul Malhotra as managing director and market manager for India.
Malholtra was latterly the head of wealth management for Asia at Merrill Lynch. Before that, he worked at Citibank as global head of NRI in London and as head of retail banking Asia in Singapore. His new role at JP Morgan sees him based in Singapore, where he reports to Andrew Cohen, chief executive of JP Morgan in Asia. Malholtra was also appointed to the bank's Asia operating committee.
Mumbai financial services firm Avendus Capital appointed Zarksis Gotla as executive director of its wealth management unit.
Gotla joined the firm from Deutsche Bank Private Wealth management, where he served for the last five years. Prior to that, he was with BNP Paribas Wealth Management. At Avendus, he will be part of the senior management team, with a focus on the Western region, and will report to Nikhil Kapadia, chief executive officer.
Bank of America Merrill Lynch appointed Sanjiv Malhotra as India country risk manager and as a member of the India country leadership team.
Malhotra joined the firm from The Danamon Group, Indonesia, where he was chief risk officer and a board member. Prior to this, he spent 20 years at Citigroup, most recently as chief risk officer at Citigroup Private Bank, India.
In his new Mumbai-based role at Merrill Lynch, Malhotra will report jointly to Rahul Singhal, chief risk officer Asia Pacific, and Barbara Taylor, senior credit risk executive for Asia Pacific.
He assumes overall responsibility for the India risk function, as well as the country’s individual risk functions (including credit, market, operational and compliance risk). He will also manage the portfolio risk and credit approval responsibilities for the bank’s corporate lending activities in India.
Mitsubishi UFJ Financial Group announced changes to its board lineup.
Kyota Omori, who retired as deputy president and chief compliance officer on 30 September, assumed a lighter role as director. Noboyuki Hirano, previously director and chief strategic alliance officer, became deputy president, while Masao Hasegawa, previously managing director and chief risk management officer, became chief compliance and risk management officer in addition to his MD role.
MUFJ is the holding company for the Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings, and other companies in a range of financial sectors.
Macquarie Private Wealth New Zealand appointed two new investment advisors, as Alistair Ross and Kristan Mines joined the team from Goldman Sachs.
Ian Witters, meanwhile, assumed the role of head of Macquarie Private Wealth New Zealand.
Bank of Singapore announced more new hires in Singapore for its South East Asia team and Korea desk.
Kim Dong Yoon and Daniel Lee Sang Kee joined the firm as senior relationship managers for the Korea desk in Singapore. Both are from Standard Chartered Private Bank.
Also stepping in for the South East Asia market team, led by Bahren Shaari, were Joep Hillegers for Indonesia, and Pang Yok Tong and Kenny Chia for Malaysia. Hillegers joined from Heritage Asset Management, Pang from UBS, and Chia from Citigroup.
State Street Global Advisors brought back Lochiel Crafter into the company as Asia Pacific head of investments, after he left the US firm two years ago.
Crafter was Asia Pacific chief investment officer at SSGA in Singapore until 2008, after which he joined the Australian Award Investment Alliance in Sydney as its chief executive officer. In his new role, he is responsible for overseeing the regional investment teams, with a focus on client interaction. He also manages a team of portfolio managers, researchers, and strategists in Sydney, Hong Kong, Singapore, and Tokyo.
ANZ made changes to its management ranks in a bid to bolster its client base in the Asia Pacific region.
Vishnu Shahaney joined the company as chief executive for Singapore, taking over from Bill Foo, who was named vice chairman for South and Southeast Asia.
Shahaney was with ANZ for over 30 years and has served in senior management positions in corporate banking, working capital, and risk. In his new role, which includes being head of institutional for Singapore, he is tasked with building the bank's brand in the institutional, commercial, retail, wealth and private banking arenas, connecting Singapore-based clients with ANZ's international network.
Foo, meanwhile, takes on a broader leadership role in which he is responsible for building and deepening client relationships in the region.
Both are based in Singapore and report to Mark Robinson, the CEO for south and southeast Asia.
Treasury Asia Asset Management, the boutique equity funds management company, hired Ten Ngiek-Lian, Marc Faber, and Robert Mann to make up its new investment advisory board.
Ngiek-Lian founded the Singapore funds manager Target Asset Management and served as managing director for Morgan Grenfell Investment Management Asia and for UBS Asset Management in Singapore. Faber is an advisor to the TAAM New Asia Fund and is known for his books and articles on Asian investments. Mann was with Credit Suisse Asset Management for 25 years and held key executive roles in Australia and the Asia Pacific units.
Also joining the new advisory board are Peter Sartori, the founder and chief executive of TAAM, and Eng-Teck Tan, the company's investment manager.
The Singapore-based investment firm Ivanhoe Capital appointed Jonathan Dubois-Phillips and Blake Olafson as senior vice presidents for corporate finance.
Dubois-Phillips served key positions at Lehman Brothers in Southeast Asia, Greater China and South Korea before joining Nomura as managing director in 2008. He will be based in Hong Kong and will report directly to Robert Friedland, the founder and chief executive of Ivanhoe.
Olafson also comes from Lehman, where he served in the principal transactions group in Thailand and Singapore, before moving to the Bahrain investment fund Arcapita in 2008. In his new role, he will be based on Hong Kong and will also report to Friedland.
The wealth management arm of UBS named Alexander Kobler as regional head of investment products and services for Asia Pacific.
Kobler previously had several senior roles in the bank, including head of wealth management research, co-head of key account management and investment advisory and head of IPS investment advisory. In his new role, he is responsible for further building on and creating leverage for the bank's IPS APAC business.
The successor for his roles as head of investment advisory and as key account manager for WM CH will be announced soon.
UBS appointed a team of bankers to its ultra high net worth division.
Jeremy Tan stepped in as managing director for the Family Office business for South East Asia markets. Tan was previously with Citi Private Bank and Merrill Lynch.
Also recently hired is Rennie Lim as director, who joins the firm from Citi Private Bank. She is a client advisor with a strong track record in servicing ultra high net worth clients.
The other members of the team will be announced in due course, UBS said.
Barclays Wealth appointed Thelma Kwan as head of wealth advisory for the Asia Pacific region, based in Hong Kong.
Kwan will head the team of trust consultants in Hong Kong and Singapore, and oversee the provision and marketing of trust structuring and wealth advisory services to Barclays Wealth high net worth and ultra high net worth clients across Asia.
She reports to London-based Rob Withecombe, Barclays Wealth head of wealth advisory, as well as to Didier von Daeniken, chief executive of Barclays Wealth Asia Pacific.
Prior to joining Barclays Wealth, Kwan was at LGT Management Services, where she was executive director of trust services for the past three years.
DBS brought in a former ANZ banker to head its consumer banking unit.
Tan Kong Khoon was most recently the head of retail banking and wealth management for ANZ in Hong Kong and northeast Asia. The banker, who actually started his banking career with DBS in 1981, will assume his new post on 1 December.
Tan succeeds Rajan Raju, who resigned in late August 2010 to join Deutsche Bank's asset management team.
ABN Amro Private Banking named David Chan as head of investment advisory for its Singapore office.
Chan brings over 20 years of experience in international banks, having worked at the likes of Barclays and Citibank in various capacities. Before joining ABN Amro, he led a team of investment advisors specialising in client investment portfolios and asset allocation at Standard Chartered Bank.
In his new role, he reports to Change Tze Lee, head of private banking for Southeast Asia, and Angel Wu, regional head of products and solutions for Asia.
DWS Investments, the mutual fund arm of Deutsche Asset Management, confirmed
the hiring of Rajan Raju as managing director, chief executive officer of DWS Asia and global head of DWS Solutions.
The statement follows recent news reports of Raju's departure from his position as head of consumer banking at DBS. In his new role, Raju is based in Singapore and reports to Ingo Gefeke, global head of distribution and product management at DWS Investments.
Gibson Tullberg, the wealth management headhunter, which already has offices in London and Switzerland, opened a Singapore office to serve Far East markets.
The office is run by Jessica Torres Schernthaner, who has relocated from London to run the new practice, and supported by co-partner Matilda Gibson-Tullberg.
Société Générale Private Banking appointed Olivier Gougeon as chief executive for South Asia, based in Singapore. He replaced Pierre-F Baer, who takes up a new role in the French banking group.
Gougeon was previously based in London as global head of the wealth planning and fiduciary services centre of expertise at the private bank, a role he held since 2007. As part of the changes, Gougeon became a member of the global and Asia Pacific executive committees of the private bank.
California United Bank promoted two relationship managers in Los Angeles, Shelley Gibson and Kevin McElroy, to senior vice president for private banking and senior vice president for commercial real estate and construction lending, respectively.
Wells Fargo Private Bank hired Paul Midkiff as senior vice president and national manager for oil, gas and mineral management. Midkiff was previously an independent land consultant; he also held senior management positions with JP Morgan and Bank of America.
Wells Fargo Advisors hired two financial advisors: Mark Bokowski joined the team in Roanoke, Virginia, from Merrill Lynch Wealth Management whilst Harry Sherdil joined the Union City, California office from Bancwest Investment Services.
Hedge fund consultancy firm Atrato Advisors hired two new research professionals, Michael Boensch and Danny Santos, previously of Gleacher Fund Advisors and Private Client Resources, respectively.
SVB Financial Group appointed Greg Becker as president of the company. Becker retains his role as president of Silicon Valley Bank, the firm's subsidiary, which he took up in 2008. The firm appointed former SVB Capital president Mark LacLennan to the leadership of the company's corporate finance division. Sven Weber, formerly managing director of the funds-of-funds business, took up the role of president.
New York boutique Fogel Neale Partners recruited Henry Gotlob as head of sales and recruiting, Harry Peden as private wealth advisor and Robert Gropper as investment consultant. Gotlob joined from Citigroup Smith Barney where he was eastern divisional sales officer; Peden joined from Morgan Stanley where he was a financial advisor; Gropper joined from Republic National Bank where he was an investment consultant.
TIB Bank appointed Chad Tillery, previously senior financial planner at BKD Wealth Advisors, as private banker to its Fort Myers, Florida office.
Silver Bridge hired Mark Mathers who most recently led the financial planning practice at the Bostonian Group and is currently President of Bostonian Wealth.
Glenn Degenaars joined First Republic Private Wealth Management in New York as portfolio manager and managing director. Prior to First Republic, he spent 13 years at Deutsche Bank Private Wealth Management, latterly as managing director and senior investment advisor. First Republic Bank named Theresa Yoon as senior relationship manager. Prior to her appointment, Yoon served as managing director for the private bank division at Modern Bank.
Northern Trust created new positions in its Global Fund Services unit: Paul Fahey, previously a global product manager at State Street Bank & Trust, joined as director of global product management and development; Marc Mallett, who worked for firms including Thomson Reuters and Fidelity Investments, joined the firm as global head of client conversions, investment operations outsourcing; Fiona Horsewill, latterly head of investment management operations for EMEA at Lehman Brothers, joined as global head of PMO/architecture strategy for GFS; Mark Herraman, formerly director of third party administration at Henderson Global Investors, joined as head of investment operations outsourcing client service, EMEA.
Morgan Stanley appointed Shelley Hanan, chief administrative officer of Morgan Stanley Smith Barney, as CEO of its private bank on an interim basis.
Bank Morgan Stanley, the Swiss subsidiary of the US bank, hired Luca Majic and Nicolas Duvillard, both previously of Banco Santander Geneva, as investment advisor covering Argentina and as sales assistant in the Latin America team, respectively.
JP Morgan Securities appointed four new financial advisors to its White Plains, New York office: Michael Lent, William Lent, Tammi Lauder, and William Christian, known as the Landmark Group, joined the company from Morgan Stanley Smith Barney.
JP Morgan appointed Robin Weiss as a senior private banker in the firm’s private wealth management group in its New York office. Weiss returned to JP Morgan after spending eight years as senior vice president and group head of investment banking services at NYSE Euronext.
In her new role Weiss reports to William Porter, market manager of the firm’s executive wealth group. Michael Sampson joined the firm as a wealth advisor in Minneapolis. Previously Sampson, a trust and estates attorney, was a partner with Lindquist and Vennum. He reports to Michele Martin, market manager for private wealth management in Minneapolis.
The private bank of JP Morgan hired Tyson Reed and Adam Hartzell as private bankers in its Boston and Seattle offices, respectively. Reed previously worked at US Trust, Bank of America's private wealth management unit and joined as a managing director and senior private banker, reporting to Marc White, chief executive of JP Morgan's New England Private Bank. Hartzell joined from Cheuvreux Calyon Securities in New York to become a vice president and private banker, reporting to Stephen Kutz, head of the Pacific Northwest for JP Morgan Private Bank.
Bessemer Trust appointed Christopher Poch as managing director and head of the firm’s Washington, DC office. Prior to joining Bessemer, Poch was founder and chief executive officer of Purpose Advisors and CEO of The Private Trust Company of Boston-based LPL Financial. He was also a managing director at Citigroup Global. He reports to Eric Gies and Stephen Watson, who oversee the Northeast and Mid-Atlantic markets.
Michael Okun rejoined Bessemer Trust as managing director and head of the firm’s Naples, Florida office. Okun was latterly vice president and private wealth advisor at Goldman Sachs in Palm Beach. Before joining Goldman he worked in Bessemer’s Palm Beach office. Okun reports to W. David Bunce, southeast region head.
Lakeview Investment Management named Tony Lissuzzo as portfolio manager of Lakeview Opportunity Funds. Lissuzzo formerly worked as head of new investments at Man Group, prior to which he had worked at DE Shaw, Bank One, Sirius Partners, and Glenwood Capital. In his new role, he reports to Richard Elden, managing partner of Lakeview funds and founder of Grosvenor Capital Management.
Associated Bank made three senior hires to its wealth management group in Wisconsin. David Heller, latterly vice president and wealth management advisor with the private client reserve group at US Bank, joined as senior vice president, private banking group manager.
Ryan Heckman, formerly wealth management advisor with US Bank, joined as vice president and private banking relationship manager for the Milwaukee and Madison markets. Wendy Carlson, who has held a number of positions with Wells Fargo Bank, joined as vice president, private banking relationship manager for Milwaukee.
Berkshire Bank named Remus Preda, who joined the firm in 2007, as vice president, trust officer. Prior to that, he served as vice president and national liaison manager at Morgan Stanley Trust.
Neuberger Berman appointed senior vice president John Lambert as West Coast regional director for its wealth management business. Prior to joining the firm two years ago Lambert worked at KCM Investment Advisors, where he focused on high net worth and institutional business.
Aviva Investors appointed Pat O'Brien as chief executive officer of its North American business. O'Brien served as head of international for Wachovia Global Asset Management between 2008 and 2009.He reports to CEO Alain Dromer.
Former UK trade minister Lord Mervyn Davies joined PineBridge Investments as non-executive chairman. Davies stepped in from US private equity firm Corsair Capital, where he still serves as vice chairman and partner. He had also functioned as the UK's minister of state for trade, investment, and small business for 16 months under former prime minister Gordon Brown.
Gibraltar Private Bank & Trust, a Florida-based wealth management and private banking firm, appointed Irene Tapanes as a private banking associate in its South Miami office. Tapanes joined the firm from Daszkal Bolton, where she was a senior tax accountant.
Atlantic Trust hired Logan Allin as head of strategy and client experience, a new post. Allin joined from City National Bank’s wealth management division where he was senior vice president. He sits on the advisory board of the Family Office Association.
Cetera Financial Group appointed two new executives to its wealth management team: Alex Kaye joined as vice president of research whilst Kian Rafia joined as director of advisory products. Kaye was formerly senior portfolio manager and vice president at Wilshire Associates. Rafia was senior analyst, investment products and platform, at LPL Financial. Kaye reports to Barnaby Grist, Cetera’s executive vice president, wealth management whilst Rafia reports to Mark Palmer, Cetera’s national sales manager.
First Foundation appointed Thomas Hulick as a managing director of the firm to its Pasadena, California office. He was previously a vice president and private client advisor at CitizensTrust Wealth Management. Normand Francois Leduc joined First Foundation Bank as a vice president and private banker in Pasadena. Leduc spent the past six years with National Bank of California in its San Gabriel regional office as a regional vice president.
Threshold Group named Kristen Powers Bauer as its West Coast head of family office services.
Boston Private Financial Holdings appointed Mark Thompson as chief executive of the BPFH Private Banking Group. Thompson will keep his previous role as CEO and president of Boston Private Bank & Trust. James Dawson was appointed managing director of West Coast private banking for Boston Private as well as interim CEO for Borel Private Bank & Trust Company, subsidiary of BPFH.
UBS appointed Jeremy Tan, who previously worked for Citi Private Bank and Merrill Lynch, as managing director for the family office business for South East Asia markets and Rennie Lim, who joined from Citi Private Bank, as director.
In Los Angeles, UBS Wealth Management Americas named Todd Locicero office manager of its private wealth management office. Locicero joined from Morgan Stanley, where he spent eight years, latterly as regional manager for southern California, Arizona and Las Vegas. In his new role he reports to Jason Chandler, head of private wealth management.
The unit also signed on two advisors: Jack Schecter joined in New York City from Morgan Stanley, while Tom Jenkins joined in Houston, Texas from Merrill Lynch.
In Florida, the firm appointed two new advisors to its team. David Hatz and Thomas Zur stepped in from Morgan Stanley Smith Barney and Merrill Lynch, respectively. They report to Erin Borger, branch manager for the Aventura, Florida unit.
Goldman Sachs Asset Management appointed Jim O'Neill, the economist credited with coining the "BRIC" acronym, as chairman. O'Neill was latterly the head of global economics, commodities and strategy research for Goldman Sachs & Co. He reports to Ed Forst and Tim O'Neill, the global co-heads of the investment management division. GSAM also saw the departure of Eileen Rominger, who latterly served as chief investment officer for portfolio management businesses within the firm’s fund division, after an eleven-year tenure.
Van Biema Value Partners appointed Stephen Bondi as chief operating officer. Bondi was latterly executive vice president and chief financial officer at Asset Alliance Corporation, where he served for ten years. In his new role he reports to Michael Van Biema, the firm's founder and managing partner.
Citi Private Bank appointed Donald Lewis as director and private banker for its Short Hills, New Jersey office. Lewis joined from Wells Fargo Private Bank where he was a senior vice president and wealth advisor based in Summit, New Jersey.
The firm hired Robert Blais and Hoyt Gier as managing directors in Seattle. They joined from Goldman Sachs where they co-headed the firm's largest private wealth management team in Seattle. They report to Nancy Pellegrino, head of the Pacific Northwest for Citi Private Bank.
Nancy Citron Neal returned to Citi Private Bank in Los Angeles. Citron, director and ultra high net worth private banker, had been senior vice president at Wells Fargo Private Bank in Manhattan Beach, California. She reports to Hale Behzadi, region head for Southern California and Arizona.
Citigroup appointed Cecelia Stewart, latterly chief executive of Morgan Stanley Private Bank and president of the retail banking group, as president of US consumer and commercial banking. Will Howle, formerly head of national sales for Morgan Stanley’s Private Bank, joined Citi as chief operating officer for US consumer and commercial banking. In his new role he reports to Stewart.
Conway Del Genio Gries appointed Matthew McGowan as managing director. McGowan has 25 years of industry experience, most recently serving as head of infrastructure services at Macquarie Capital Advisors.
Russell Investments appointed three industry experts to its global team: Egidio Robertiello joined as managing director of alternative strategies; Stephan Breban joined as director of private equity; Samuel Baughn joined as the new director of operational due diligence. Robertiello was previously a managing director and head of hedge fund solutions at Credit Suisse Group in New York whilst Breban latterly served as founder and managing director of City Capital Partners in London. Baughn stepped in from EFT Portfolio Management, where he served as principal, chief operating officer, and chief financial officer.
GenSpring Family Offices hired Jay Cloud in Nashville, Tennessee as a family wealth advisor. Cloud practiced law in Nashville for 12 years, latterly as a partner with Bradley Arant Boult Cummings.
MidFirst Private Bank appointed two trust professionals in Tulsa: Billie Coffee joined the bank as senior vice president and senior trust officer, while Stephanie Steelmon was hired as a trust advisor. Both joined from Bank of Oklahoma.
Credit Suisse brought in a trio of financial advisors from Goldman Sachs Group: Frank Hogan, David Andrew and David Searls.
Alternative investment firm Equinox Capital Markets appointed Michel Serieyssol as a managing director. Serieyssol joined the company from Société Générale, where he served as a managing director and head of the pension solutions group.
Harris myCFO hired Debbie DiLeonardi as director and senior investment advisor. Prior to her appointment she served as senior client executive at Russell Investments.
City National Bank hired Patrick Dwyer as a senior vice president and senior private client advisor for private client services in Beverly Hills. He reports to Mark Nakamaru, manager of private client services in Beverly Hills.
Umpqua Investments named Jeani Winterbourne as its new president and chief executive officer. She spent the last two years as senior vice president for operations and business development at the firm. She reports to executive vice president for wealth management Kelly Johnson.
Merrill Lynch Wealth Management appointed David Barnett as financial advisor at the firm’s office in Melville, New York. Barnett joined from Morgan Stanley Smith Barney prior to which he worked at Citigroup for eight years.
MFC Global Investment Management appointed Jacqui Allard as global chief operating officer. Allard was vice president and chief administrative officer at the company from 2008, before which she was senior vice president at State Street Corporation. She reports to J-F Courville, president and chief executive of MFC Global.
Daniel Fox joined RBC Wealth Management as senior vice president - financial consultant to its Scottsdale, Arizona branch. Fox stepped in from Morgan Stanley Smith Barney.
Bank of America appointed Sonia Dula to take over as head of global wealth and investment management - Latin America, from Brian Sepe who retires in November. She reports to Sallie Krawcheck, president of Bank of America GWIM and Andrea Orcel, executive chairman of global banking and markets and president of emerging markets ex-Asia.
Baird added six wealth management professionals to its Boulder office: John Frisbie joined as senior vice president, CFP; John Bickel as vice president; Lee Carlin and Roger Cracaft as financial advisors; Nancy Crume joined as registered client relationship specialist, while Juli Loch joined as administrative office manager. Frisbie, Carlin and Cracaft were previously financial advisors at various Wall Street firms.
BNY Mellon promoted four executives to the role of vice chairman: Thomas Gibbons, chief financial officer, Timothy Keaney, chief executive of asset servicing, Karen Peetz, chief executive of financial markets and treasury services, and Brian Rogan, vice chairman. Vice chairman James Palermo, formerly co-CEO of Keaney, was appointed CEO of global client management, overseeing global markets, liquidity services and corporate marketing.
BNY Mellon Wealth Management named Daniel FitzPatrick regional managing director overseeing the portfolio management teams in Westchester County, New York and southern Connecticut. He reports to New York regional president Doris Meister. FitzPatrick was latterly partner and managing director of Samoset Capital Group and chief executive of Samoset Financial Services.
Perella Weinberg Partners opened an office in Abu Dhabi and named Jameel Akhrass and Nabil Lahham as partners of the firm. Akhrass was previously vice chairman of the Middle East and North Africa region for Nomura International, while Lahham was managing director in its MENA investment banking group. Hesham Ali was promoted to head of Middle East asset management.
Arabian Gulf-based The Family Office appointed two new members to its board of directors. Dr Hani Findakly, latterly an independent investment banker, also previously held senior positions on Wall Street and was chief investment officer at the World Bank. Clark Winter, an investment author, was previously chief global investment strategist for Citigroup Global Wealth Management.
RBC Wealth Management appointed Michael Lagopoulos as deputy chairman of its international ultra high net worth unit, promoting him from his former role as president and chief executive of the firm’s international wealth management business.
Dreman Value Management appointed E Clifton Hoover as chief investment officer effective, taking over from David Dreman who continues as company chairman. Hoover joined the company in 2006 as co-CIO, co-director of research, portfolio manager, and managing director.
SCBT Wealth Management appointed Deedie Jordan and Fran Cass as trust advisors working in the Columbia and greater Midlands region. Both Jordan and Cass have over 30 years experience each in trust and estate administration; they join from South Carolina National.
TD Bank Financial Group appointed Amy Woods Brinkley to its board of directors. Brinkley was previously a global risk executive at Bank of America.
van Biema Value Partners appointed Teng Ngiek Lian to its board of advisors. He had earlier announced that he is to wind down his firm, Target Asset Management of Singapore, after 14 years of operation.
Comerica Bank hired Robert Griffin to lead its wealth management business in the Western United States. Griffin stepped in from Wells Fargo, where he served as senior vice president of the Northern California wealth management region.
Bel Air Investment Advisors appointed Carol Cheng-Mayer as vice president of the firm. Cheng-Mayer previously worked both in New York and Hong Kong for Bankers Trust Co and Brown, Brothers Harriman as a relationship manager for international private banking.
RBC Wealth Management hired Larry VanLaningham and Kevin Morrice from Morgan Stanley Smith Barney as financial consultants in Portland, Oregon.
Barclays Wealth hired Chris Williams as managing director and regional manager of its Chicago branch. Williams most recently served as regional manager for Credit Suisse Private Bank in Illinois. The firm hired Stephen Head as managing director and regional manager for Texas. He was latterly head of US client development at Carlson Capital in Dallas and served as Dallas regional manager for the equities division at UBS prior to that. Both report to Steve Houston, head of wealth management.
The firm appointed David Lewis as managing director and head of banking for the Americas, a new post. He was previously head of banking products for UBS in the Americas, prior to which he served as president and chief executive of ING Mortgage.
The firm appointed Donald Gershuny as general counsel, Peter Reynolds as chief risk officer and Caroline Simko as managing director and head of global research and investments marketing. Gershuny was previously general counsel for Global Wealth Management at Bank of America-Merrill Lynch, whilst Reynolds joined from RBS Americas where he was head of regulatory risk and compliance. Simko joined from AllianceBernstein where she headed marketing for Bernstein Global Wealth Management from 2002.
Barclays Wealth also appointed Brian Sears as managing director and regional manager for Los Angeles. Sears joined from Neuberger Berman in New York, where he was latterly global co-head of distribution for alternative investments.
In New York Ron Willis and John-Paul Tomassetti joined as directors and investment representatives from JP Morgan’s private bank. René Joliot, Edgar Ramirez and Romel Rodriguez joined as investment representatives from UBS.
In Miami Tony Esses joined as director and investment representative, focused on the Latin American market. Previously, he worked at HSBC Private Bank for 24 years. Robert Sperber joined from Morgan Stanley Smith Barney as a director and investment representative in Miami.
Matthew Burton comes on board as vice president and investment representative in Palm Beach from JP Morgan. James Hafele joined from MSSB. John Nicholas was hired as a vice president and investment representative in Atlanta from Morgan Stanley Private Wealth Management.
Zürcher Kantonalbank promoted Bruno Meier from chief risk officer to deputy chief executive; the firm announced it was going to make 18 staff for its asset management operation. Meier will also be deputy-CEO from 1 January 2011.
Valiant Privatbank appointed Herbert Jurt as head of private banking for the Central and Aargau regions. Jurt joined from UBS where he was head of institutional clients in Central Switzerland and Aargau.
Régis Ducrey resigned as deputy chief executive and chief financial officer of the Geneva-based private bank and wealth manager Banque Profil de Gestion.
Reyl Private Office hired Françoise Adam, an art market specialist, to develop a range of services related to art and art collection management. Before joining Reyl, Adam worked for seven years for Christie’s in Paris and Geneva, developing the auction house’s client base and organising high-profile auctions.
Bank Linth appointed Luc Schuurmans as a new member of its management board as well as head of its recently-created private banking department, effective from 1 January 2011. Prior to joining the bank, Schuurmans served as chief executive at Sherpa Outdoor. The bank also announced that David Sarasin, who previously lead 23 branches in four regions and headed the bank's customer service operation, will see the change of his department to “private and corporate clients” as of next year.
RBS Coutts appointed Pierre-Albert Vial as global head of wealth planning. He previously worked at Citigroup and Lloyds International Private Banking. He reports to Simon Thyer, global head of financial planning.
JP Morgan appointed Romain Pasche as a senior investment advisor to its private banking team in Switzerland. Pasche previously spent 10 years at Vontobel Asset Management, where he was latterly head of global equity research and also responsible for the healthcare sector. Pasche reports to Kristoffer Jonsson and Andrea Tardy, head of investments and region head respectively for the firm’s Swiss private banking arm.
Barclays Wealth appointed Patrick Ramsey as managing director, head of Barclays Wealth Switzerland. Ramsey joined from Merrill Lynch, where he worked from 2002, latterly as chief executive and general manager for Switzerland, before which he had been head of the firm’s Latin America and Europe Private Bank and Family Wealth Solutions Group. Additionally, the firm appointed Philippe Sednaoui, latterly a head in Switzerland, as global head of Latin American markets.
Merrill Lynch appointed Mario Alini as acting chief executive and general manager of Merrill Lynch Bank Switzerland. Alini joined Merrill Lynch in 2007 as chief administration officer of capital markets for Switzerland and continues in this role alongside his new responsibilities.
Alfred Moeckli left Falcon Private Bank to become chief executive of bank zweiplus, where Falcon holds a 42.5 per cent stake. Tobias Unger joined the executive board, becoming deputy CEO and chief operating officer; he joined from UBS Investment Bank in 2009.
Furthermore, Rocco Sgobbo, a member of the executive board and head of Asia Pacific Singapore, took on global responsibility for investment solutions, which includes all the bank’s products and advisory services; Alex Jagmetti joined to succeed him as head of Asia in Singapore, having previously worked for both UBS' and HSBC's private banks in Singapore. David Pinkerton joined as chief investment office; his background includes a stint at AIG Alternative Investments.
Bank Migros appointed a new head of premium banking, Markus Maag. Maag joined the firm in 2004.
UBS appointed Christain Wiesendanger as head of wealth management in Switzerland. Wiesendanger was latterly head of wealth management for Latin America at Credit Suisse. In his new role Wiesendanger reports to Lukas Gähwiler, the chief executive of UBS Switzerland. He replaces Stefan Bodmer who after 23 years with UBS decided to pursue new professional opportunities.
Threadneedle appointed Ian Dalziel as head of global private wealth and foundations. Dalziel is a co-founder of Scottish private bank Adam & Co.
Parwis Tikrani, an executive director at UBS Wealth Management & Private Bank in Zürich, left to join Credit Suisse.
Rathbone Investment Management International appointed two new investment directors to its office in Jersey. Both Mike Hollings and Chris Woods join from Matrix Investment Management, where the former was chief investment officer and the latter was a senior portfolio manager.
Citi Private Bank appointed Polina Poluneeva as a private banker for its Geneva office, covering Russia and other CIS countries. Poluneeva latterly worked in the sales and marketing team for energy and commodities structured debt at BNP Paribas.
The South African-based subsidiary of SEI Investments appointed Giles Mokoka as managing director and head of its operation in the country. Mokoka joined SEI after starting his own consulting business, where he worked with boutique asset managers to source opportunities within the investment industry. In his new role, Mokoka reports to Patrick Disney, managing director of SEI’s institutional group, EMEA.
Legis Group appointed John Morris as a new director in its trust and corporate services department. He has worked for KPMG and Barclays Wealth.
Morgan Stanley hired Paul Price as head of investment management international sales. Price was latterly global head of the institutional business at Pioneer Global Asset Management.
HSBC appointed Nick Winsor as the new chief executive for HSBC Offshore Islands, with responsibility for Jersey, Guernsey and the Isle of Man. He replaced Martin Spurling, who had been named CEO of HSBC Turkey. Winsor spent nearly 30 years in financial services with the HSBC Group, latterly as president and CEO of HSBC in Taiwan.
BlackRock appointed Luiz Felipe Andrade as managing director and country head of Brazil. Prior to joining BlackRock, Andrade spent more than 13 years at Itaú-Unibanco, latterly as director of markets and liquidity risk. He reports to Daniel Gamba, head of Latin America & Iberia for BlackRock.
Paul Knox was appointed to lead the wealth advisory practice for JP Morgan Private Bank in Europe, the Middle East and Africa, expanding his former role which had given him responsibility over the UK alone. Knox reports jointly to Debra Treyz, global head of wealth advisory, and Pablo Garnica, chief executive of the private bank in the EMEA segment.
Collins Stewart Wealth Management appointed Murray Montgomery as head of business development in the Channel Islands. Montgomery had previously spent 13 years at Kleinwort Benson, holding positions as head of business development, head of product development and senior private banker. In his new role, Montgomery reports to Grahame Lovett, chief executive of CSWM Offshore.
Butterfield appointed Bradley Rowse as executive vice president and chief financial officer. Rowse joined the firm from Scotiabank in Toronto where he was latterly senior vice president and CFO for international banking.
Citibank Lebanon appointed Antoine Maroun as its general manager, replacing Walter Siouffi, who was appointed as chief executive of Citibank Morocco. Prior to the appointment, Maroun served at Citi Private Bank in Geneva as senior private banker, covering Saudi Arabia and the Levant region.
The MENA-based arm of Lombard Odier appointed Radhouane Maghraoui and Christophe Lalandre as senior vice president and executive vice president, respectively. Maghraoui joined the firm from Lloyds TSB Dubai, where he focused on international private banking clients. Lalandre joined the bank from Credit Suisse, where he focused on the Gulf region.
Burgan Bank appointed Eduardo Eguren as its new chief executive. Eguren was latterly chief executive of Barclays’ global commercial banking operations.
Deutsche Bank appointed Ashok Aram as chief executive for the Middle East and North Africa region, replacing Dr Henry Azzam who became the bank's non-executive chairman for the region. Aram, who joined Deutsche Bank in London in 2009, was formerly a managing director at Abraaj Capital, a private equity company based in Dubai. Aram reports to Jürgen Fitschen, a member of the firm’s management board.
The Family Office appointed two new members to its board of directors. Dr Hani Findakly, formerly an independent investment banker, has held senior positions on Wall Street and was chief investment officer at The World Bank. Clark Winter, previously chief global investment strategist for Citigroup Global Wealth Management, is chief investment officer of SK Capital Partners and founder of Winter Capital.
HSBC Private Bank named Ali Khunji as director and market head of its Bahrain office.
Bank Morgan Stanley, the Swiss subsidiary of the US bank hired Luca Majic and Nicolas Duvillard as investment advisor covering Argentina and sales assistant to the Latin American team, respectively. Both joined from Banco Santander Geneva.
Thomas Bowers, Deutsche Bank’s head of US Private Wealth Management, took up additional responsibility for the bank’s wealth management business in Latin America, becoming head of private wealth management for the Americas. Jorge Arce oversees Latin America North which includes Mexico, Brazil and Andean countries, while Alejandro Velez is regional head for Latin America South; both report to Bowers.
Morgan Stanley appointed Paul Price as head of investment management international sales, EMEA and Latin America. Price latterly served as global head of the institutional business at Pioneer Global Asset Management.
Bank of America's Global Wealth and Investment Management unit appointed Sonia Dula to head up the Latin American business as Brian Sepe retires in November. Dula was latterly head of corporate and investment banking in Latin America; she reports to Sallie Krawcheck, president of Bank of America GWIM and Andrea Orcel, executive chairman of global banking and markets and president of emerging markets ex-Asia.
BlackRock appointed Luiz Felipe Andrade as managing director and country head of Brazil. Prior to joining BlackRock, Andrade spent more than 13 years at Itaú-Unibanco, latterly as director of markets and liquidity risk. He reports to Daniel Gamba, head of Latin America & Iberia for BlackRock.
UBS appointed Fernanda Pasquarelli, previously the firm’s executive director for implementing the business in Brazil in 2002, to head up its operations as it launches UBS Wealth Management Brazil. She reports to Mailson Hykavei, who leads products, services and investments.
Fleming Family & Partners’ Moscow-based subsidiary appointed Yelena Stolyarova as a managing director. Prior to joining the firm, she worked at Clerville Investment Management as a vice president of its private banking business.
BNP Paribas Wealth Management appointed Rémi Frank as head of its ultra high net worth individuals and independent wealth managers divisions. Frank was previously head of equity derivatives sales and structuring for corporate and investment banking and a member of CIB’s global equities and commodities derivatives executive committee.
Frankfurter Bankgesellschaft (Deutschland) appointed Klaus Hoffmann to its board. Hoffmann previously had roles at Dresdner Bank, Commerzbank, Deutsche Bank and several regional banks.
The Hungarian subsidiary of Germany’s Raiffeisen Bank appointed Heinz Wiedner as its new chief executive officer, succeeding Péter Felcsuti, who headed the bank for more than 20 years.
Barclays Wealth appointed Najeeb Durrani as head of the non-resident Pakistani unit of the firm’s international private bank, EMEA. Durrani has worked for Barclays Wealth since 2005, both in Dubai and Geneva.
Feri Family Trust appointed Wilfried Hoffmann as a client relationship manager at its Munich office in southern Germany. Prior to joining Feri, Hoffmann worked at Merch Finck Treuhand, where he was responsible for family office mandates such as succession planning and strategic advice on total allocations.
Baltic International Bank appointed Valeri Belokon as the chairperson of the shareholders’ council, taking over from Leonid Kramnoy.
Nordea named Henrik Priergaard, its former head of Nordic private banking, as the new head of group human resources.
Russia’s VTB Capital made multiple appointments from Renaissance Capital to its research team. Alexey Moiseev, formerly head of fixed income research, joined as deputy head of research and head of the macroeconomics research team. In his new role he reports to Alexey Yakovitsky, chief executive at VTB Capital Moscow and head of research.
Nikolay Podguzov was hired as head of fixed income strategy and reports to Alexei Zabotkin, the global head of strategy; he previously worked as senior fixed income strategist. Petr Grishin and Maxim Raskosnov joined the firm as credit analysts working alongside Mikhail Galkin, the head of credit research. Grishin was previously head of credit research within Renaissance Capital’s fixed income research department.
VTB Capital also appointed Vladimir Androsik as head of investment management as well as general director of VTB Capital - Investment Management. Earlier in his career, Androsik held senior positions in larger Russian firms including the post of financial director at Rostelecom, a telecommunications firm.
Russia’s National Bank TRUST appointed Anna Fedorovskaya as chief operating officer. Prior to joining the firm, Fedorovskaya worked at OTP Bank as head of back office and card centre.
Merrill Lynch Wealth Management appointed Adam Horowitz, formerly acting head for the region, as its permanent head of the UK, Ireland and Israel.
Promsvyazbank appointed Aleksandra Volchenko as its first vice president. Prior to the appointment, Volchenko, who joined the firm in 2004, served as vice president and a member of the management board. The firm also appointed Artyom Konstandyan as its new president, succeeding Aleksander Levkovski.
Bank Gutmann appointed Dr Matthias Albert as head of private banking, succeeding Frank Lippitt. Dr Albert previously served as deputy head of private banking, responsible for business development and marketing.