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North America Executive Moves - August 2012

Eliane Chavagnon, Reporter, 4 September 2012


Brown Brothers Harriman, a privately-held financial services firm, brought in Michael Kim to serve as chief investment officer of its wealth management business, based in New York.

Kim, who rejoins the firm having initially started in 1994, will have overall responsibility for Brown Brothers Harriman Wealth Management's investment offering globally, including asset allocation, manager selection and investment performance. He reports to Charlie Izard, partner responsible for wealth management.

In addition to his CIO role, Kim will also co-chair the asset allocation committee, alongside chief investment strategist Scott Clemons.

La Vista, NE-based Securities America, an independent broker-dealer, added Ryan Kaufman as a registered representative.

Kaufman’s branch has nearly $1.3 million in annual revenue. His business, Koi Wealth Management, is located in Rocklin, CA. He joined from Woodbury Financial Services.

San Francisco-headquartered Union Bank appointed Michael Mortensen as chief executive of its brokerage subsidiary, UnionBanc Investment Services.

Mortensen was latterly president and chief executive of PNC Investments, the retail brokerage of PNC Financial Services Group. He worked at the firm for 18 years in total.

At Union, he will report to Dennis Mooradian, executive vice president and head of wealth markets. He replaces Steven Short, who left the firm earlier this year.

Cambridge Associates, the investment advice and research provider, appointed Jeffrey Mansukhani as a managing director, responsible for the firm’s research navigator strategy.

Mansukhani was previously a specialist consultant at Cambridge, creating and overseeing private portfolios for university, foundation, non-profit and family wealth clients, with total assets of between $200 million and over $100 billion.

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