People Moves
Summary Of Wealth Management Executive Moves - November 2012

UBS Wealth Management Americas reinforced its broker force in
Ohio
with a team of advisors from Bank of America's Merrill Lynch.
Advisor Robert Anning, along with his son John Anning and
Tollie
Chavis, previously served as senior vice presidents. Based in
Cincinnati, they managed over $1 billion in client assets and
last year
produced more than $3 million in annual revenue. According to
regulatory
filings, Robert Anning was at Merrill for over 40 years.
BlackRock appointed Russ Koesterich, global investment strategist
for
its iShares business, to the newly-created position of group
chief
investment strategist.
Reporting to Ken Kroner, global head of multi-asset
strategies,
Koesterich will communicate the firm's investment strategy
and
perspective on the markets and economy to investors and
financial
advisors, while continuing in his iShares role, which he has held
since
2010.
His tenure with BlackRock dates back to 2005, including his
years
with Barclays Global Investors, which BlackRock acquired in 2009.
At
BGI, Koesterich was the global head of investment strategy for
active
equities and a senior portfolio manager within the US market
neutral
group.
JP Morgan named Marianne Lake, currently chief financial officer
of
its consumer and community banking business, as CFO for the
entire US
banking group, effective from early in 2013.
She will succeed Doug Braunstein, who will become vice chairman of the company following Lake's move into the CFO position.
Before Lake took on her current role, she served as global controller of the investment bank from 2007 to 2009.
In his new job, Braunstein “will focus on serving top clients of
the
firm,” JP Morgan said. Prior to taking on the CFO role in June
2010, he
served as head of investment banking Americas from 2008, and,
prior to
that, he held several other senior investment banking
positions,
including head of investment banking coverage and mergers and
acquisitions.
New York-listed First Republic Bank took on Barbara Palmer as
regional managing director at the Portland, OR, office, which
provides
lending, wealth management and trust services to individuals,
businesses, foundations and non-profits.
Before joining First Republic, Palmer was a senior vice president
and
market executive for US Trust, Bank of America Private Wealth
Management in Portland. She worked at BofA for 35 years.