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Summary Of Executive Moves In Global Wealth Management - Sept 2018

Editorial Staff

13 November 2018

UK, Swiss, other European, international moves (Asia, Americas moves - scroll down.)

BNP Paribas Wealth Management appointed Michael Arends as chief executive in Germany. Arendt's role was a newly-formed one.

Arends has over 30 years of experience in the banking sector. From 2013 he was a member of the executive committee of Bethmann Bank and served as global head, private wealth management at ABN Amro Bank from 2013 to 2017. Previously, he served as a member of the executive committee of the wealth management business at UBS Deutschland between 2003 and 2010.

HSBC appointed Alex Classen, a prominent figure in the European private banking sector, as the chief executive of HSBC Private Bank (Suisse) SA and country head Switzerland. He replaceed Franco Morra, who stepped down in April. Morra had been at the helm for about six years. 

Classen is based in Geneva. He is responsible for private banking in Switzerland and Luxembourg, a Swiss subsidiary, and oversees the wholesale banking and asset management operations in the Alpine state. Classen has held senior roles in Switzerland, the UK and Asia over the past 25 years. He joined from Bedrock, an investment management company. Previously he was CEO, head of international business at Coutts & Co Ltd, and head of private wealth management for the EMEA region at Morgan Stanley International in London. Between 2000 and 2006 Classen was general manager, Goldman Sachs Bank AG Zurich, after spending five years as regional CEO of Pictet Asia, based in Singapore.

Andrea Orcel, UBS’ investment banking head, moved to be Santander’s chief executive, taking over from José Antonio Álvarez, who replaced Rodrigo Echenique as executive vice chairman. Álvarez and Bruce Carnegie-Brown became the group’s two vice chairmen, with Álvarez being the only one with an executive role.

Piero Novelli and Robert Karofsky jointly became co-presidents of UBS’ investment bank and members of the group executive board of UBS Group. Day to day, Novelli primarily focuses on corporate client solutions and Karofsky on investor client services.

Orcel has been in this role since 2012. Novelli re-joined UBS in 2013 and is executive chairman, CCS, having previously served as global head of advisory and, before that, chairman of global M&A. Prior to this he was global co-head of M&A at Nomura, having worked as global head of M&A at UBS between 2004 and 2009. He first joined UBS from Merrill Lynch in 2004.

Karofsky joined the firm in 2014 and is global head of equities. Prior to joining UBS he was global head of equity trading at AllianceBernstein. He began his career at Morgan Stanley and joined Deutsche Bank as Head of North American equities in 2005.

Banque SYZ hired Pablo Astengo to run its new financial planning and retirement solutions operation for Swiss customers. Astengo’s structures and develops the bank’s offer dedicated to wealth and retirement planning solutions. He has close to 20 years of experience in wealth planning and retirement solutions. He began his career in life insurance and retirement planning. He then specialised in financial planning, taking on different responsibilities at various banks in Geneva, such as the recent set-up of a retirement and financial planning unit.

Newton Investment Management, part of BNY Mellon Investment Management, appointed Andrew MacKirdy to join its global equity income team. He became a named portfolio manager alongside lead manager, Nick Clay. MacKirdy has over two decades of investment. He joined Newton IM from Polar Capital.

Saranac Partners, the independent wealth management firm, appointed Rupert Watkins as client advisor. He joined from Julius Baer International, where he managed relationships with UK resident non-domiciled clients and ultra-high net worth families across the UK and Europe. Watkins has 10 years of experience in the industry, having previously worked in private banking at Credit Suisse and Barclays.

Canaccord Genuity Wealth Management appointed Greg Powell as investment director at its Jersey office. Powell has worked in the wealth management and investment industry for over 20 years, managing a range of clients.

Isle of Man-based Utmost Wealth Solutions appointed Karl Moore as chief financial officer and he joined the boards of the Utmost companies in the Isle of Man. He has decades of experience in financial services, most latterly with Barclays.

Unigestion, the boutique asset manager, appointed Salman Baig and Joshua Seager as investment managers in its cross-asset solutions team. Baig joined Unigestion earlier this year from Bridgewater Associates, where he was an investment associate and engineer, focusing on fundamental macroeconomic research, portfolio construction and risk management. Seager joined Unigestion from EQ Investors, where he focused on asset allocation and quantitative analysis. He started his career in 2012 at Threadneedle Investments, conducting quantitative and risk analysis for cross-asset portfolios.

UK financial planning group Tilney appointed Duncan Budd as a financial planner. Budd joined the team in the company’s office in New Street Square in London. Budd previously worked at DB Financial, the firm he established 11 years ago to look after high net worth individuals. Prior to this he spent five years in Singapore, first as vice president at Lloyds Private Client Bank, and more recently as senior vice president at Schroders Private Bank.

Vontobel said its fixed income boutique, TwentyFour Asset Management, appointed David Norris as its head of credit, based in New York. Norris reports to Mark Homan, chief executive of the asset management firm. Prior to this, he worked at Credit Agricole, working in areas such as high-yield corporate debt, and has worked in the industry for more than 30 years. Additionally, TwentyFour appointed the following investment professionals in London: Charlene Malik for the multi-sector bonds team; Pauline Quirin for the asset-backed securities team, and Johnathan Owen for the outcome driven team.

The senior investment director of Hawksmoor Investment Management, Andrew Foster, stepped down from the board. Senior fund manager Ben Conway replaced Foster. Foster moved to concentrate on his client book and responsibilities as head of the firm’s Taunton office. Foster was appointed to the board in March last year.

James Hambro & Partners (JH&P) recruited industry veteran Paul Cherry to extend its coverage in the North of England. Cherry worked for Quilter Cheviot for nearly 20 years as a business development director.

Insurance group Chubb named Jeremiah Konz as executive vice president, reinsurance officer for Chubb Overseas General, the company's international general insurance business. Konz had been senior vice president of ceded reinsurance for Chubb's North American operations. In his new role, he has overall responsibility for Chubb's ceded reinsurance programmes for all markets outside North America. He took over from Neil Bennett.  Over his 40 years in the insurance industry, including 20 years at Chubb, Bennett has worked in a variety of underwriting and claims roles, primarily in London and Bermuda.

Before joining Chubb in 2012, Konz worked as an executive for reinsurance brokerage firm Aon Benfield providing analytic expertise to large commercial property reinsurance placements.

RWC Partners appointed Nicola Takada Wood as portfolio advisor for its Japanese stewardship strategy, managed with long-term joint venture partner Tokyo-based Nissay Asset Management (NAM). 

Takada Wood has over 14 years of experience in Japanese corporate markets and joined the team’s London-based senior portfolio advisors. She was most recently at Mizuho Securities, where she was an executive director, responsible for Japanese and Asian equity sales to institutional investors. 

Aviva Investors appointed Mark Robertson as head of multi-strategy funds. Based in London, Robertson reports to Peter Fitzgerald, chief investment officer, of multi-asset and macro, and was named manager of all three funds in the Aviva Investors Multi-Strategy (AIMS) range. Robertson has 18 years’ industry experience and joins Aviva Investors from NN Investment Partners in the Netherlands, where he worked for seven years. Separately, Ian Pizer decided to step down from day-to-day portfolio management on AIMS Target Return and AIMS Target Income, as well as his role as head of investment strategy. Michael Grady, who joined Aviva Investors in 2015 as a senior economist and strategist, was made interim head of investment strategy.

UBS appointed Magnus Blohmé to lead one of its Germany international teams for its ultra-high net worth business. Blohme joined from Credit Suisse, where he was head of family office as well as UHNW clients in Germany. He also previously worked at Commerzbank and Dresdner Kleinwort.

Stonehage Fleming, the multi-family office, appointed Richard Bertin as business development officer. He joined the group business development team, moving internally from the wealth planning team. Bertin reports into Hamish Sinclair, head of group business development. His client relationships within the wealth planning team were shifted to other team members.

UK wealth manager WHIreland appointed Susan Brooksbank as the group’s head of compliance and risk. Brooksbank had been at Jupiter Asset Management, where she worked for almost 14 years and most recently, was head of asset management compliance. 

REYL Group appointed Francesco Genovese in a newly-created role as head of its asset management business. He is responsible for developing asset management and fund distribution activities at bank REYL & Cie, with a particular focus on establishing alternative and unlisted asset strategies for both Swiss and international institutional clients. Genovese has over 25 years’ experience in launching, managing and distributing institutional investment funds. Before joining REYL & Cie, he spent over 15 years at Pictet & Cie in various senior positions, including head of institutional sales in Europe and the Middle East, where he created franchises with a number of sovereign funds and central banks, particularly in the MENA region.

The chief executive of global private banking for HSBC, Peter Boyles, retired after a 43-year career at the bank. He was due to be succeeded at the start of 2019 by HSBC senior figure António Simões. Simões’ old roles of chief executive of HSBC Bank plc and CEO of Europe were taken on by James Emmett. Boyles’ retirement ended a career at HSBC going back to 1975. He has worked in Asia, the Middle East and Europe. He was appointed a group MD and joined the group management board in October 2013.

Simões joined HSBC in September 2007 as group head of strategy, reporting to the group chairman. In October 2009, he was appointed group head of strategy and planning and chief of staff to the group CEO, and subsequently spent two years in Hong Kong. In January 2012, he relocated to London to lead the European retail banking and wealth management business, including responsibility for asset management and insurance. He was then appointed CEO for HSBC in the UK, and deputy chief executive of HSBC Bank plc, before being appointed in September 2015 as CEO of HSBC Bank plc and CEO of Europe.

Emmett has been with HSBC since 1994 and worked across commercial and retail banking, trade finance, operations and technology and strategy across Europe, Asia, the Middle East and the Americas. His previous roles include chief operating officer of HSBC Bank plc, CEO of HSBC Turkey and global head of trade and receivables finance.

UK wealth manager Brown Shipley appointed Paul Smith as client director and wealth planning advisor based at its Manchester office. Smith joined from accounting firm Mazars, where he was responsible for the development and provision of specialist financial planning services for private clients across the North West, as well as heading up the practice’s private client offering. Prior to this, he was a financial planning specialist at Coutts.

Man GLG, Man Group’s discretionary investment management business, appointed Michael Scott as a portfolio manager in its credit business. He is based in London and works with Man GLG’s credit chief investment officer Simon Finch, who joined the firm earlier in 2018. Scott joined Man GLG from Schroders, where he was a portfolio manager in the European and UK credit team. 

The Chartered Institute for Securities & Investment (CISI) appointed Claire Newman, ACSI as president of the CISI’s Essex branch. Newman has 23 years’ experience in the financial services profession.  She has worked in a range of roles over the course of her career from operations, through client services and account management, to her current role as vice president of training at BNY Mellon’s Pershing. 

Saranac Partners, the independent wealth management firm, made several appointments to the company’s management team. The team is made up of five partners led by Tanvi Davda as managing partner. Davda has been responsible for the client team and its activities since the firm’s launch in August 2016. The management team comprises:  Tanvi Davda, managing partner and head of clients; Michelle Witter, head of strategic business development; Brent Seery, head of proposition; Simon Latham, chief financial officer; and Andrew Catterall, chief operating officer. Also, Mary Reilly stepped down from the board in June 2018 at the end of her two-year term. Michelle Witter joined the board as an executive director.

Mirabaud Asset Management appointed Selina Tyler, who join the firm in November to lead its coverage of external wealth managers, fund of funds and financial institutions markets in the UK and Ireland. She also oversees relationships with investment platforms in those areas. Tyler joined from Hermes Investment Management, where she was a director in the firm’s UK distribution business for the last six years.

JP Morgan Asset Management appointed Simone Ishikawa as a sales strategist, Alfred Le Léon as head of exchange-traded fund distribution for France, and Álvaro Quirós as a product specialist in the international beta product team. 

Sanlam UK, part of the global financial services group Sanlam, appointed Richard Pursglove as head of distribution. He shapes and executes the group’s strategy in sales and marketing. Pursglove has a career spanning over 30 years in asset and wealth management, having started his career as an IFA. Having worked at Cazenove Capital Management as sales director from 2001, he went on to lead distribution in both sales and marketing functions for Gartmore Investment Management, Goldman Sachs Asset Management, Artemis Investment Management and more recently supported the integration of the global distribution team at Aberdeen Standard Investments during the merger.

Asset management firm Capital Group appointed Nick Shaw, who oversees distribution to international financial institutions and works closely with the local sales team. He is based in London. Shaw has over 15 years’ experience in the financial sector and was most recently sales director of global financial institutions at Robeco. 

Accuro, the trust and family office business, appointed wealth lawyer Mustafa Hussain as an executive director based at its London office. Hussein is a corporate commercial lawyer with extensive experience in advising and working closely with royal families, merchant trading dynasties and single family offices. He joined from international law firm Taylor Wessing LLP, where he was a partner for several years, with responsibility for key Middle-Eastern relationships and a number of emerging markets and European ultra-high net worth clients.

International auction house Bonhams promoted Nina Sagharchi to director of Middle Eastern, Islamic and South Asian Art. He was previously Bonhams’ head of modern and contemporary Middle Eastern Art.

Banking group Raiffeisen Switzerland appointed Guy Lachappelle as chairman of the board of directors. It also appointed Karin Valenzano Rossi, Andrej Golob, Thomas Müller and Dr Beat Schwab as members of its board. Lachappelle has been chairman of the executive committee and chief executive of Basler Kantonalbank since 2013. Lachappelle resigned from the Basel Cantonal Bank. Müller has been a member of the executive board of EFG International since 2016. He stepped down from his old role as member of the executive committee and chief risk officer of EFG International. Rossi has been a partner of the law firm Walder Wyss – Zurich since 2015. Golob was a senior executive at Hewlett-Packard. Since 2004, Golob sat on the board of Raiffeisenbank Olten. Schwab has been a professional board member since 2017 at firms such as Zug Estates Holding, the Swiss Federal Railways SBB, and Credit Suisse Asset Management (Schweiz) AG. He stepped down from his duties at Credit Suisse.

SANNE, the global provider of alternative asset and corporate administration services, appointed Yasemin Demirtas as director in SANNE’s real estate business in Amsterdam, the Netherlands, where she is responsible for driving SANNE’s European real estate offering. She works alongside Jason Bingham, head of real estate, who is based in SANNE’s London office. Demirtas joined SANNE from Alter Domus, where she was head of real estate Netherlands. Prior to this she had various senior roles at Intertrust and Loyens & Loeff.

Deutsche Bank promoted one of its senior managers to head up a global role of fighting financial crime. Stephan Wilken is head of anti-financial crime and group anti-money laundering officer. He reports to Sylvie Matherat, the bank's chief regulatory officer. Wilken has been with Deutsche Bank for almost 24 years and was most recently the global head of enterprise risk management and model risk. He has held posts in Germany, the UK and India, among others. The change came after Philippe Vollot, who took over the anti-crime role in January last year, moved to Dankse Bank, which in July said he was its new chief compliance officer.

EFG International has made a number of senior appointments.

The firm appointed Richard Thomas as head of UK region and chief executive of EFG Private Bank – London. He also serves as a member of EFG’s global business committee. Thomas reports to Giorgio Pradelli, CEO of EFG International. Thomas joined from Barclays UK, where he was chief operating officer of savings, wealth and investments. He had worked for Barclays since 2008.

The new CEO of EFG Private Bank - London takes over from Anthony Cooke-Yarborough, who took on the new global position of private banking chairman. Roland Kempf joined EFG as head of private banking Zurich, reporting to Franco Polloni, head of Switzerland and Italy region. Kempf came from Privatbank IHAG in Zurich, where he worked as head of private banking and external asset managers from 2012, and was a member of the executive committee. Prior to that, he worked at Clariden Leu for seven years, performing various managerial roles in the private banking business and later supporting the bank’s integration into Credit Suisse. Stephan Keiser was previously head of private banking Zurich. He left in March 2018 to join Banque Cramer as managing director and branch manager of Zurich and Lugano.

Daniel Lüscher was appointed as global head of human resources, and reports to Pradelli. Lüscher succeeded Giovanni Weber, who decided to retire from his post following the completion of the BSI integration. Lüscher joined from Bank Vontobel, where he served as group head of human resources from 2012 to 2018. Also, Mauro Palombo joined EFG as global head of credit solutions and global head of strategic client management. He reports to Renato Cohn, head of investment solutions and deputy CEO, and to Pradelli.  Palombo joined EFG from Julius Baer, where he was in various senior roles for over 20 years. From 2015 onwards, he was in charge of the bank’s strategic client management initiative and other strategic projects. Donald Klotter was appointed as global head of institutional sales. He has been with EFG since 2016 and served as a client portfolio manager in asset management. 

Sebastian Graewert, who headed the Dubai representative office at CA Indosuez (Switzerland), left the firm, having been in the post for about 13 months. Graewert has had an international private and investment banking career in a variety of senior leadership roles. He spent 14 years with Credit Suisse in London, Zurich and Dubai where he focused on investment banking services for ultra-high net worth individuals and family offices. Among other roles, he was head of UBS Wealth Management’s representative office in Dubai before moving to Asia as head of the MENA region based in Singapore. Subsequently, he moved to the role at CA Indosuez (Switzerland).

Axiom Alternative Investments, the French asset manager with offices in London and Paris, appointed Laurent Henrio as portfolio manager and Antonio Roman as research analyst. Henrio, who has 16 years of experience in credit trading, came from Société Générale.  At Axiom, Henrio is responsible for managing the new Axiom Synthetic Credit Opportunity Fund. Roman joined Axiom as an analyst in its London research team, responsible for developing quantitative models under Solvency II and Basel III. Roman started his career at Goldman Sachs Asset Management in 2016.

Asset manager Carmignac appointed Raphael Gallardo as chief economist. He reports to Frederic Leroux, head of Carmignac’s cross asset team.

The chief financial officer of Netherlands-based ING left after the lender was hit with one of the largest fines in the country’s history over money laundering control lapses. Koos Timmermans stepped down from his CFO role and executive board membership, and left the company.

Gallardo joins Carmignac from Ostrum Asset Management (previously Natixis Asset Management). He began his career at BNP Paribas where he spent ten years before moving on to become head of macroeconomic research, first at AXA Investment Managers and then Rothschild & Cie.

Dolfin, the independent wealth management platform, appointed Nick McCall as head of wealth management. McCall has over 30 years' experience in the financial services industry. He was most recently leading private wealth firms such as Hay Hill, Falcon Private Wealth and Clariden Leu. Before that, he had senior roles at Credit Suisse and Merrill Lynch.

Swiss Life Asset Managers, a subsidiary of Swiss Life Group, appointed Marius Würgler as head of sales and marketing. He is based in Zurich and reports to Stefan Mächler, group chief investment officer of Swiss Life. From 2017 Würgler headed Amundi Suisse SA as its chief executive. Prior to that, he spent three years as head of sales Europe and Switzerland for Lombard Odier Investment Management, and seven years as country head at Goldman Sachs Asset Management in Switzerland.

JP Morgan Asset Management appointed Karim Leguel as head of the international investment specialist team - hedge fund solutions, a newly-created role. Leguel is based in London and reports to Jamie Kramer, head of JP Morgan's alternative solutions group. He joined JP Morgan in 2014.

Close Brothers Asset Management hired managing director Oliver Harvey to support the growth of its high net worth investment management service. Harvey has 19 years of experience of managing investments. Before joining CBAM, he worked as an investment director at Rathbones, and prior to that, Fleming Private Asset Management, where he started his career.

State Street, the US-based financial services group, set up its first Abu Dhabi office, located in the Abu Dhabi Global Market. State Street in the Middle East is led by Oliver Berger, senior executive officer for State Street Bank and Trust, and Emmanuel Laurina, senior executive officer for State Street Global Advisors.

Julius Baer International hired eight new relationship managers to its UK operation who will be based in the London and Leeds offices. 

Michelle White joined from RBC Wealth Management, where she specialised in providing wealth management services to international high and ultra-high net worth clients. Based in London, she previously worked at Barclays Wealth, having started her career at Lehman Brothers. Anthony Birkbeck has over 20 years of experience working in the private client sector. Based in London, he joins from Barclays Private Bank, where he specialised in advising high net worth families in the UK.

Renaud Billard has over 20 years of experience in the private client arena. Based in London, he spent the last five years working within JP Morgan’s Global Wealth Management division. Sean Gallagher worked for 10 years at SG Kleinwort Hambros and Barclays Wealth. Based in London, he specialises in advising high and ultra-high net worth clients.

Louise Chesters has nearly 20 years of industry experience. Based in Leeds, she advises high net worth individuals and families predominantly in the North Yorkshire region. Charlotte Thomas joins from the Royal Bank of Canada, where she advised clients including business owners and entrepreneurs across the UK. Prior to this, she spent two years at HSBC Private Bank with a focus on the Americas. She is based in the London office.

Oksana Torbych has over 10 years’ experience in the financial services industry, specialising in servicing high and ultra-high net worth clients. Torbych is based in London. Aziza Ramos worked for 15 years at Barclays, Citibank and Credit Suisse. Based in London, Ramos specialises as an investment counsellor advising high net worth clients from emerging markets.

Standard Chartered appointed a new chief executive for its United Arab Emirates business, with Rola Abu Manneh taking over from Julian Wynter, who retires after 26 years at the bank. Prior to this, Rola Abu Manneh was senior managing director and head of corporate and investment banking at First Abu Dhabi Bank. She’s worked in the finance and banking fields for more than 25 years, working in domestic and international roles.

Stonehage Fleming, the multi-family offices, appointed Mona Shah as director of investment strategy and research in London. Shah reports to John Veale the deputy head of investments. Prior to this role, Shah worked at Rathbone Brothers as head of collectives research, taking up that role in January last year. 

Brown Shipley appointed Nish Patel as a lending specialist and Tony Conway as a client director in its London office. Patel, who joined from HSBC Private Bank. Conway, has over 30 years’ industry experience, specialises in the Middle East and North Africa market. Prior to joining Brown Shipley, he held positions at Credit Agricole, Julius Baer and UBS Wealth Management.

Neuberger Berman hired six investment professionals to bolster its European fixed income operation. The team, based in Paris, joined from BNP Paribas Asset Management. It is led by Patrick Barbe, who has 30 years of investment experience. At BNP Paribas, Barbe was the chief investment officer of euro sovereign and aggregate fixed income. Joining Barbe are portfolio managers Yanick Loirat, Vito Cavaliere, Antonio Serpico, and Sergejs Prala, and quantitative analyst Leang You Tran.  

REYL & Cie appointed Jérôme Koechlin as communications director and secretary of the executive committee. He implements communications strategy for the REYL Group. He was the former head of protocol for the State of Geneva, journalist and war correspondent. He has held various senior communications posts with Edmond de Rothschild (Switzerland), Union Bancaire Privée, Lombard Odier Darier Hentsch & Cie. and Serono.

Canaccord Genuity Wealth Management appointed Tim Sanders as the new head of its Jersey office. Sanders manages a wide range of investment mandates, with a focus on international and bespoke asset management for high net worth individuals, charities and the intermediary market. His particular focus is international equities, where more recently he was head and chairman of the international equities committee at Brooks Macdonald. During the course of his career in financial services, he has worked in New York as a foreign exchange and derivatives trader and has held senior positions in treasury, business development and wealth management, where he has now been for over 20 years. He has worked for firms including Brooks Macdonald, Morgan Stanley Quilter (now Quilter Cheviot), HSBC and Standard Bank.

Wealth manager James Hambro & Partners appointed Alasdair Johnson as its head of communications and marketing. Johnson was previously marketing director at Neptune Investment Management.

BNY Mellon Investment Management appointed Shamik Dhar as chief economist. In the newly created role, he is responsible for conducting proprietary research and analysis, in order to develop economic commentary. Dhar has over 30 years’ experience advising governments and institutions. He joins BNY Mellon IM from the UK government’s Foreign and Commonwealth Office, where he had been a chief economist since September 2014. In 2000, he was at Morley Fund Management, then in 2004 co-founded Fathom Consulting, a leading economics consultancy, before moving back into asset management with Aviva Investors in 2009.

Credo Capital, the wealth management services business, named Damian Yeomans to lead the distribution of its range of investment solutions. Yeomans has over 20 years’ experience in investment fund distribution. He was previously at HSBC Global Asset Management and Deutsche Asset Management.

Berenberg hired Tim Albrecht, a high-profile German fund manager currently working at DWS. He is due to join at the start of 2019 as head of German equities in wealth and asset management - a newly-created role. Albrecht started his career in 2000 at DWS, the funds subsidiary of Deutsche Bank, where he is currently head of equities for German-speaking countries. Before that he was head of German equities and global sector head for industrials, among other positions.

Deutsche Bank Wealth Management named former Credit Suisse manager Aditya Mishra to lead its global south Asia client coverage team which is based in London. Mishra reports functionally to Amrit Singh, head of wealth management coverage for global south Asia and to Michael Morley, CEO, Deutsche Bank UK Bank Limited. At Credit Suisse, Mishra worked for over eight years in the UK and Asia (India) markets.

Standard Chartered created the expanded role of group chief operating officer, hiring former Commonwealth Bank of Australia senior figure David Whiteing. He is based in Singapore and reports to StanChart’s chief executive, Bill Winters. At CBA, Whiteing was group executive and chief information officer for enterprise services. Doris Honold, the existing group COO, works with Whiteing and Michael Gorriz (group chief information officer) to split operations from technology and integrate them with its existing COO function. Gorriz continues to lead StanChart’s digital transformation and innovation programmes

Investment manager Alger Management appointed Robert Gourlay as senior vice president and director of international sales. Gourlay, based in London, develops Alger’s relationships with private bank, multimanager, and institutional investors outside the US. He joined with more than 20 years of experience in institutional sales, previously serving four years at Advent Capital as a managing director and head of business development Europe, the Middle East and Africa.

The country officer for Switzerland at Citigroup, Kristine Braden, headed westward to work as chief of staff alongside the lender’s chief executive, Mike Corbat. Braden, who had held her Swiss position from April 2015, was also leader of the US banking giant’s corporate and investment banking groups in the Alpine state. In all, she has worked in a variety of Citigroup roles for more than 20 years. From 2009 to 2012, for example, she headed the bank’s Philippines business. Her time in Switzerland has seen her take on a number of roles in the country’s banking industry community, such as board president at the AFBS Association of Foreign Banks in Switzerland, and president of Advance – Women in Swiss Business.

Braden took over from Sara Wechter, who in April this year became Citigroup’s head of human resources. Three top-rank figures have decided to step down. First, Jim Cowles, a 39-year veteran of the firm, left to set up a not-for-profit organisation. John Gerspach decided to retire from Citigroup. He originally joined the finance team in 1990 and has worked in a number of regions, rising to the posts of controller and then chief financial officer. Gerspach was succeeded by Mark Mason, a 17-year veteran of the bank. Mason started in a strategy role and served as the CEO of Citi Holdings and then the private bank. Since 2014 Mason has been the CFO of the institutional clients group and is responsible for its CCAR submission. Bill Mills retired from Citigroup – he has worked at the bank for 36 years, having initially come on board via Smith Barney, a business integrated into Citigroup in 1982. His various roles included chief executive for EMEA during the 2008 financial crisis, and North America CEO when he returned to the US.

Jersey Finance, the promotional body for the financial services sector on the island, said that its chief executive, Geoff Cook, was leaving after almost 12 years in the role. Cook joined Jersey Finance in 2007 with a background in the London banking world, having held senior-level roles in wealth management and financial planning. He remains in his position as CEO throughout his notice period. 

European multi-specialist asset manager Candriam appointed Thomas Kälin as senior client relationship manager for the wholesale distribution and institutional market. Kälin is based in Zurich, and reports to Jörg Allenspach, chief executive of Candriam Switzerland, who took office at the beginning of the year. Prior to joining Candriam, from 2004 Kälin was the client director for GAM in Zurich, where he was responsible for the wholesale segment (banks, insurance companies, FA/family offices and other platforms). Before that he worked at Credit Suisse, in sales and product functions. He started his career at Bank Leu in 1999 as portfolio manager.

Lloyds Banking Group appointed Amanda MacKenzie as non-executive director. MacKenzie previously held senior marketing positions at Centrica, Hewlett Packard and BT Group. Deborah McWhinney left a non-executive directorship for personal and family commitments.

UK wealth manager Brewin Dolphin appointed Keith Sheehan as wealth director. Sheehan joined Brewin Dolphin after seven years at UBS Wealth Management where he was deputy head of the financial planning team. 

UBS appointed Asu Okyay as head of corporate client solutions in its family office arm in Europe, the Middle East, and Africa. She is located in Zurich and reports to Martin Kesselring. Prior to her new role, Okyay worked in CCS Global Industrial Group in New York and UBS Group M&A in Zurich.

UK asset manager Prestige appointed Rassul Azizi as credit director with responsibility for its UK operations Prestige Asset Management, and international operations Prestige Capital Management and Prestige Fund Management. Azizi joined from EFG Private Bank in the UK, where he was part of the bank’s credit approval team, structuring credit-based solutions and analysing credit requests. 

London wealth management boutique Hay Hill Wealth Management named Michael Easton as interim chief executive, following the departure of Nick McCall, who left to pursue alternative career options. Easton has served as a member of Hay Hill Wealth Management’s board and as head of client services, since the 2017 acquisition of the firm by a consortium led by Lord Stanley Fink. Easton is a former executive at Signia Wealth and private banker at Coutts, as well as a co-founding member of the Hay Hill Wealth business alongside Nathalie Dauriac.

Urs Zeltner, took up a new role at Union Bancaire Privée in Zurich, holding the position of senior managing director. With more than 30 years in the banking sector, Zeltner had been vice chairman for Wealth Management Europe at UBS.

UK private bank C Hoare & Co appointed Steven Cooper as its new chief executive. Cooper reports to Lord Macpherson, chairman. Cooper joined from Barclays Bank, where he most recently served as CEO of Barclays Personal Banking UK and Europe, and CEO of Barclaycard Business. He has more than three decades of international banking experience. He replaced former CEO and managing director, David Green, who will be a consultant to the firm's board.

Mirabaud Asset Management appointed Hamid Amoura as head of environment, social and governance. Amoura spent the last 12 years in various ESG investment related roles at BNP Paribas Cardif. From 2011, Hamid was an equity portfolio manager and central coordinator for the ESG implementation across BNP Paris Cardif’s internal range of funds. He reports to Umberto Boccato, head of investments at Mirabaud Asset Management. David Jeannet, based in Geneva, who has been the SRI officer since 2017 for the Mirabaud Group, joined Amoura’s team.

Seven Investment Management appointed Dr Terence Moll as chief strategist, joining its investment management team. Most recently, Moll was head of investment strategy at Coutts Investments, where he spent three and a half years. He has also held various roles at Investec Asset Management.

BNP Paribas Asset Management appointed Peter Abbott as head of European Large Cap Equities. He is based in London and reports to Guy Davies, chief investment officer of Fundamental Active Equities. He is one of the founding members of the European Large Cap Equities team, having joined ABN AMRO Asset Management in 2007. He has almost 35 years of investment experience. Abbott took responsibility for managing the European Large Cap Equities team from Andrew King, who left BNPP AM to pursue external opportunities. In a career spanning more than 30 years, King spent 18 years at BNPP AM and its predecessor companies, becoming head of European large cap equities in 2008. 

Active asset manager J O Hambro Capital Management appointed Aled Smith as investment director. He is based in London. He most recently served as director, equities division at M&G Investments. Prior to M&G, Smith served as a buy-side analyst at JP Morgan Asset Management. 

Vontobel Asset Management appointed Thomas Jeck as head of intermediary business Switzerland, a newly-created position. Jeck has almost 20 years of experience, working at banks, external asset managers and family offices. Prior to joining Vontobel, he worked for GAM for 13 years, most recently as head of intermediary clients Switzerland. 

Kames Capital appointed Sandra Holdsworth as head of rates. Holdsworth, who joined Kames in 2011, was previously a government bond specialist in its fixed income team. She has 26 years of industry experience. She was previously at Threadneedle Asset Management. 

One of Swiss private bank REYL & Cie's senior partners moved back to the Alpine state after a spell of building out its business in Asia. Nicholas Duchêne, joined fellow partners François Reyl, Pasha Bakhtiar, Christian Fringhian and Lorenzo Rocco di Torrepadula.  Duchêne's previous role as chief executive of REYL Singapore Pte was taken up by Antoine Denaiffe, who has been based in Singapore since 2012. Duchêne began his career at Arthur Andersen in Luxembourg and Ferrier Lullin & Cie in Geneva. In 2004, he joined BNP Paribas where he headed the Asian tax advisory and wealth planning department. He joined REYL in 2009 and was put in charge of the Bank’s Asian operations in 2012 prior to becoming a partner in 2015. Denaiffe, meanwhile, is a corporate advisory and private equity entrepreneur with experience in the financial industry.

Northern Trust appointed Daniela Dotti as a senior relationship manager in its global family office and private investment offices group in London. She is responsible for providing support for Northern Trust's continental European clients. Dotti has nearly 20 years of experience in the financial industry. Most recently she spent a couple of years as an overseas corporates relationship director at Barclays. Prior to that, Dotti spent over 16 years working for UBS Wealth Management in a variety of roles in Switzerland, Jersey and London.

North America
Fiduciary Trust Company International, a wholly-owned subsidiary of Franklin Templeton Investments, appointed Noah Uzal to join its New York office. Uzal was most recently an assistant vice president and business development specialist at Alex.Brown, a division of Raymond James, in New York. He previously worked for nine years at Deutsche Bank in New York, where he facilitated equity and fixed income transactions for institutional clients. 

Raymond James hired financial advisors Benjamin Lewis Jnr and Christopher Amys in Asheville, North Carolina. Lewis and Amys operate as Elk Mountain Wealth Partners and joined from Wells Fargo Advisors, where they previously managed $185 million in client assets. Joining them at Raymond James were Brianna Parkins, client relationship manager, Becky Lewis, office manager, and Tanya Frisbee, operations manager. Amys began his financial services career at Wachovia Securities, which later became Wells Fargo Advisors, where he most recently served as a vice president, investment officer and a discretionary portfolio manager. Lewis has been a financial advisor for 23 years, having begun his financial services career at AG Edwards, where he was a financial advisor and assistant branch manager. 

A group of 11 San Diego-based UBS Financial Services advisors and three senior managers recently earned the Exit Planning Institute’s CEPA designation, a program training advisors to help owners sell and pass on businesses.  The Certified Exit Planning Advisor (CEPA) program is an executive MBA-style program that trains and certifies qualified and experienced professional financial advisors in the field of exit planning for business owners. Only a small percentage of financial professionals achieve this designation.

The following individuals earned the designation:

Steven DeMatteo, UBS Carmel Valley office; 
Brian Donaldson, UBS La Jolla office; 
Luke Ervin, UBS Carmel Valley office; 
Matt Hansen, UBS Rancho Bernardo office; 
Bryce Herman, UBS Carmel Valley office; 
Thomas J Krumenacker, UBS downtown San Diego office; 
Stephen LaFata, UBS La Jolla office; 
Greg Paffendorf, UBS Rancho Bernardo office; 
Chris Radici, UBS La Jolla office; 
John Willis, UBS Rancho Bernardo office; and 
Brian Young, UBS Carmel Valley office. 

Private Client Resources, which provides data and information to ultra-high net worth families, private banks and investment houses, appointed Michael Hendy as its sales head. Hendy reports to Robert Miller, PCR's chief executive. The role is an expanded one.

Previously, Hendy was vice president of sales at SimCorp Coric, building that firm's client investment reporting platforms in North America from a start-up phase. That role saw him work with partners such as Fidelity, Northern Trust and Toronto Dominion. Before this, he was VP of regional business development for Financial Architects, a business bought by Wolters Kluwer.

First Choice Bancorp, the holding company for First Choice Bank, appointed Sunny Han-Jeon as senior vice president and regional manager, and Alineh Mouradian as vice president and relationship manager for the Greater Los Angeles region. Han-Jeon reports to chief banking officer, Nicole Swain.

Han-Jeon and Mouradian have 28 and 30 years of banking experience, respectively. They specialize in working with commercial customers, healthcare firms, law firms, nonprofit organizations, and real estate investors; providing specialty deposits for escrow and property management companies; financing aircrafts; and providing private banking for high net worth individuals and families.

Mountain America Credit Union appointed Monica Henson as a wealth management sales manager at LPL Financial, the parent group of Mountain America Credit Union.  Henson serves members and staff in Central Utah, Southern Utah, and Nevada. She has worked in the financial industry for 27 years. Prior to joining Mountain America, she served as vice president, associate regional brokerage manager for Wells Fargo Advisors.

US-based First Republic Bank, a private bank and wealth management company, appointed Steve Levine as wealth manager and managing director for First Republic Investment Management. Levine has more than 30 years of wealth management experience. Prior to joining First Republic, Levine was a managing director at UBS Private Wealth Management. Earlier in his career, he worked for Credit Suisse and Morgan Stanley.

CIBC expanded its private wealth management business with six new hires.

The hires include:
- Michael Cklamovski, managing director, senior private banker in Chicago;
- Liza Connelly, senior vice president, fiduciary advisor in Boston;
- Colleen Harvey, vice president, relationship manager in Denver;
- Tammy Moon, managing director, regional group portfolio manager in Minneapolis;
- Michael Pudlak, managing director, senior private banker in New York; and
- Elizabeth Zielinski, managing director, senior private banker in Atlanta.

The Sade Group – Private Wealth Management hired Noah Strunk as a financial advisor. Strunk has more than 10 years of financial planning and investment management experience in the financial services industry – primarily with Fidelity Investments.

Boston-based Ferris Capital appointed Todd Silverman as senior vice president and wealth counsellor. Silverman has over 20 years of experience in financial services, having spent the last nine years as a shareholder and director of wealth management for Siharum Advisors in Boston.

Wealthcare, known for its goals-driven advice approach, appointed Matthew Regan as its president. Ron Madey, CFA, became Wealthcare’s chief investment officer. Prior to this, Regan worked at Wescott Financial Advisory Group, an independent RIA firm, where he served as chief operating officer. 

SunTrust Private Wealth Management appointed Amir Mossanen as a wealth advisor and the Los Angeles market president. Previously, Mossanen served as a managing director and wealth advisor at Wells Fargo Private Bank. It also appointed Hannah Hunsinger as an investment strategist based in San Francisco, and Susan Kazimi as a client service specialist based in Los Angeles.

Katten Muchin Rosenman appointed Adam M Damerow as a partner in its Chicago Trusts and Estates practice. Damerow has extensive experience preparing estate planning documents, designing and implementing wealth preservation and transfer strategies using generation-skipping transfer tax-exempt trusts, and counseling clients in contested and non-contested estate and trust administration matters. 

First Financial Bank, NA, named Andrea Smiddy-Schlagel as executive vice president of treasury management. Smiddy-Schlagel has more than 30 years of experience in the financial services industry.  

Wentworth Management Services, a holding company that acquires and manages businesses in the wealth management industry, appointed Michael Breath as chief financial officer. Breath joined Wentworth as part of the executive leadership team and reports directly to Ryan Morfin, Wentworth Management Services chief executive. Prior to joining Wentworth, Breath served as CFO for the consumer segment of SunTrust Bank in Atlanta, Georgia. While at SunTrust, Breath was also CFO for retail banking and private wealth management. 

Raymond James hired financial advisor Robert DuKate to Raymond James & Associates (RJA) – the firm’s traditional employee broker/dealer – in Boca Raton, Florida. Together with his former partner at Ameriprise, David Katz, who joined RJA in 2017, they operate as Katz, DuKate Wealth Management of Raymond James and serve business owners and high net worth families. Joining DuKate was Carolyn Pisano-Jarboe, senior registered client service associate.

DuKate joined Raymond James from Ameriprise, where he previously managed approximately $125 million in client assets and worked with Katz. DuKate has been in the financial industry for more than 36 years, having started his career at Merrill Lynch. He later worked at Prudential Securities, Citigroup and Morgan Stanley.

Swiss-based Vontobel said that its fixed income boutique, TwentyFour Asset Management, had appointed David Norris as its head of credit, based in New York. Norris reports to Mark Homan, chief executive of the asset management firm. Prior to this, he worked at Credit Agricole, working in areas such as high-yield corporate debt, and has worked in the industry for more than 30 years.

A new wealth management firm, Odyssey Group Wealth Advisors, opened in Lancaster County, Pennsylvania. Larry Sherman, founding partner of Odyssey Group Wealth Advisors, was previously a partner with Sherman Werst Wealth Advisors in Lancaster. His son was a financial advisor with Sherman Werst. Before becoming a financial advisor, Aaron Sherman worked at the Federal Reserve Bank of New York, coordinating reforms in derivatives markets with policymakers in the US and around the world. Serving as the new firm's vice president is Drew Kavanaugh, who was previously responsible for investment policy review, portfolio strategy development and implementation for Ambassador Advisors LLC in Manheim Township.

RBC Wealth Management hired The Schluchter Investment Group in St. Cloud, Minnesota. The Schluchter Investment Group comprises Wayne Schluchter, senior vice president – financial advisor; Jeffrey Voit, first vice president – financial advisor; Cindy Lanoue-Sauer, senior financial associate; Alexander Coulter, senior investment associate; Kim Thyen Nies, senior investment associate; Terri Hermanson, senior registered client associate; and Janet McConkey, client associate. They manage more than $500 million in client assets and joined RBC from Commonwealth Financial Network. 

International wealth manager Baird appointed a new team and a financial advisor to join its private wealth management business in Raleigh and Milwaukee. The Wessel Group joined Baird in Raleigh. The team oversees $125 million in assets and generates more than $1 million in annual production.  David Thuli joins as a senior vice president in Milwaukee. Thuli oversees $110 million in assets and generates $900,000 in annual production.

US asset manager Clark Capital Management Group appointed Larry Roth to the firm’s board of directors. Roth is the former chief executive of Cetera Financial Group and AIG Advisor Group. He is the managing partner of RLR Strategic Partners, a growth strategy consultancy that is affiliated with Berkshire Capital, an investment bank focused on M&A transactions in the asset management and wealth management sectors. 

MG Capital, the real estate private equity investment manager specializing in Manhattan luxury residential properties, appointed Joanna Koutsos to join its management advisory board. The firm's board now comprises eight members. Koutsos is an executive director at JP Morgan Asset and Wealth Management within the portfolio analysis group.

Goldman Sachs appointed John Waldron as president and chief operating officer. The firm also appointed Stephen Scherr as chief financial officer and Martin Chavez as vice chairman of the firm and co-head of the securities division.

Waldron was co-head of the investment banking division (IBD) in 2014. He previously served as global head of investment banking services/client coverage for IBD. Scherr has served as CEO of Goldman Sachs Bank USA since 2016 and is also head of the consumer and commercial banking division. He joined Goldman Sachs in 1993. Chavez has served as CFO since 2017. Prior to assuming his current role, Chavez was chief information officer. He became a partner in 2006.

Glenmede, an independently-owned asset management firm, appointed Robert Daly as director of fixed income. Daly also serves as a member of Glenmede’s investment policy committee. Daly reports to Peter Zuleba, the director of investment management of Glenmede and president of its institutional investment division, Glenmede Investment Management. He is based in Philadelphia and has over 14 years of experience. He previously worked at BlackRock, where he served as a senior portfolio manager of US and global fixed income strategies on both institutional and retail platforms.

Family Office Exchange, the US-based network, formed a chief executive advisory board to provide strategic counsel for its business opportunities. The board's members advise founder Sara Hamilton, president Alexandre Monnier, and the leadership team at FOX. 

California-based Personal Capital, a registered investment advisor and digital wealth manager, promoted Craig Birk to chief investment officer (CIO). As the company's first CIO and leader of the Personal Capital Advisors investment committee, Birk is responsible for Personal Capital's investment approach and portfolio strategy in terms of risk, regional allocation, currency exposure and investment themes. Birk has served as executive vice president of portfolio management since joining Personal Capital in 2011. Prior to Personal Capital, Birk helped lead the portfolio management team at Fisher Investments.

April Rudin, a thought-leader and marketing strategist in the wealth management industry – and a judge for the awards program of Family Wealth Report – joined the advisory board of Mirador, a provider of portfolio management reporting solutions. Rudin is the founder and president of The Rudin Group. Her firm, which is in its tenth year, designs marketing campaigns to boost brand value and drive client acquisition. 
Crayhill Capital Management, which specializes in private credit investments, appointed Stefan Hoefer as managing director. His responsibilities include helping to source, underwrite, structure, execute and manage private credit investments. Prior to joining Crayhill, he was a senior analyst on the multi-strategy team at BBT Capital, where he focused on investing across the capital structure. Prior to joining BBT Capital, Hoefer was a senior analyst at Magnetar Capital from 2012 to 2016.

Franklin Templeton Investments appointed Dr Sonal Desai as chief investment officer of Franklin Templeton Fixed Income Group. Desai replaced Chris Molumph, who is to retire at the end of 2018. Dr Calvin Ho takes over from Desai as director of research for Templeton Global Macro.

Law firm Pillsbury appointed Tim Brugh as a partner in the firm’s estates, trusts and tax planning/private wealth practice in Silicon Valley and San Francisco. Brugh was a vice president and West Coast director of fiduciary services at The Goldman Sachs Trust Company. For 25 years, Brugh worked with ultra-high net worth clients to develop and implement multigenerational wealth management, estate planning and philanthropic strategies. Prior to Goldman Sachs, Brugh worked at Wells Fargo Private Bank, where he served as senior vice president.

WealthSouth, which provides families and businesses with financial planning, trust, investment, lending and retirement plan services, hired Ralph Watson, Lee Lamonica Walker, Laura Massey Jones and John Cadwell to join its team. Watson serves as a senior wealth management advisor, Walker as a senior portfolio manager, Jones as a senior trust officer and Cadwell as a wealth management advisor.

Seven advisors have joined LPL Financial’s affiliated firm Genesis Wealth Management, taking the total at the latter business to 12. Genesis Wealth Management sits on LPL’s broker-dealer and corporate registered investment advisor (RIA) platforms. The advisors include Robert Harlan, John Lander, Heidi Malone, Youree McBride, Richard Poligala, Geraldo Reyes and Max Rodriguez. They join the business, which is based in San Antonio, and founded by Jereme Brisco in July 2016.

Natixis, the financial services arm of Groupe BPCE, appointed Benito Berber as chief economist for Latin America. Based in New York, he reports to Joseph LaVorgna, chief economist, Americas. He is responsible for providing relevant analysis and forecasts on countries in Central and Latin America. 

Fiduciary Trust Company International, a wholly-owned subsidiary of Franklin Templeton Investments, named Michael Schiff as a managing director in its Boca Raton office. Schiff has more than 20 years of experience serving high net worth and ultra-HNW clients. He relocates to Boca Raton. Schiff previously worked at Glenmede Trust Co in Princeton, New Jersey, where he served as a business development director for six years. 

RBC Wealth Management hired Felipe Branco as a senior vice president and financial advisor to join its Miami branch. Blanco has 15 years of industry experience.  He manages approximately $213 million in assets and joins from Merrill Lynch.

Raymond James hired financial advisors Thomas O’Neill, Jessica O’Neill, and Thomas O’Neill Jr to Raymond James & Associates (RJA), the firm’s employee broker/dealer, in Mount Laurel, New Jersey. Previously a sole practitioner, Tom O’Neill formed O’Neill Wealth Management five years ago with his two children, Jessica O’Neill and Tom O’Neill Jr The team, including senior registered client relationship associate Danielle Takacs, joined Raymond James from Morgan Stanley, where the advisors managed approximately $203 million in client assets. Tom O’Neill has more than 35 years of financial services industry experience, having worked at firms including Merrill Lynch, AG Edwards, UBS and Morgan Stanley. Jessica O’Neill is a certified financial planner and began her financial services career in 2014 with Morgan Stanley. Tom O’Neill Jr began his career as a financial advisor at Morgan Stanley in 2016. He is pursuing his MBA at La Salle University and is now with Raymond James in the firm’s advisor mastery program.

JP Morgan Asset Management appointed Lynnette Ferguson as head of the Americas investments specialist team - hedge fund solutions, a newly-created position. Ferguson is based in New York and reports to Jamie Kramer, head of JP Morgan's alternative solutions group. She returns to JP Morgan Asset Management, where she was previously head of marketing and investor relations for the JPS Credit Opportunities Fund. She was most recently a partner at a start-up special situations manager. 

Peapack-Gladstone Bank appointed June Ryan as senior managing director and senior trust officer of Peapack Private Wealth Management.  She is based in the Teaneck, New Jersey office. She has 32 years of banking experience, previously serving as senior vice president, US Trust, Bank of America Private Wealth Management.

Chicago-based RMB Capital, an investment and advisory firm overseeing about $9.3 billion of client money, recruited a four-person team to join its office in Oakbrook Terrace, Illinois. Tom E Kukulski, CFP®, joined as senior vice president and senior wealth advisor; Terrence M LaBant, JD, joined as senior vice president and director of wealth strategy; Mohini M McCormick, CFP®, joined as vice president and wealth advisor; and Mark L Sagen, CFA, joined the firm as wealth advisor. The team was most recently at Calamos Wealth Management. 

US law firm Kleinberg Kaplan appointed Jeffrey Kolodny as a partner in its estate planning and administration practice. Kolodny was previously with Cozen O’Connor. Kolodny counsels high net worth individuals, affluent families and family offices on estate planning and wealth preservation, utilizing advanced tax planning, structuring, and personal planning strategies.

BNY Mellon appointed Roman Regelman as senior executive vice president and head of digital. Regelman reports to chairman and chief executive, Charles Scharf. In the newly-created position, Regelman is responsible for setting the strategic direction for the firm's digital future and investing in client and internal digital capabilities, including data management, analytics, artificial intelligence, machine learning and robotics. Most recently, he was a partner and managing director at Boston Consulting Group (BCG) where he co-led its financial institutions digital business.

BNY Mellon Wealth Management named Dileep Surapaneni as senior wealth director, based in Menlo Park, CA. Surapaneni reports to regional president Thomas Fickinger.

BNY Mellon Investment Management named Shamik Dhar as chief economist. Dhar has over 30 years' experience of advising governments and institutions. He came from the UK Government’s Foreign and Commonwealth Office, where he had been chief economist since September 2014. In 2000, he was at Morley Fund Management, then in 2004 co-founded Fathom Consulting, a leading economics consultancy, before moving back into asset management with Aviva Investors in 2009.

BNY Mellon Wealth Management named Michael Doucette as a wealth director based in Denver. Doucette reports to the regional managing director, Ed Kleist. Doucette worked in the financial services industry for 14 years. Prior to this appointment, Doucette was regional sales director at UBS Asset Management for six years where he was responsible for distribution of managed account solutions and mutual funds across multiple channels. Before joining UBS, Doucette was a portfolio administrator at Mellon Financial.

BNY Mellon Wealth Management named Michael Rubenstein as wealth director in Naples, Florida. Rubenstein will report to the regional president of West Coast Florida, Lisa Simington, CFP. Prior to this role, Rubenstein was a tax associate attorney at Akerman where he focused on estate planning, probate administration, asset protection, and wealth preservation planning. Before that, Rubenstein was a trust and estate settlement officer at SunTrust Bank Private Wealth Management in Fort Lauderdale. 

BNY Mellon Wealth Management named Paul Simon as senior director and wealth manager in Naples, Florida. Simon reports to senior director and team leader, David Maksymetz. Prior to joining BNY Mellon Wealth Management, Simon was vice president and portfolio manager at Stoney Creek Advisors, where he managed multi-asset model portfolios.

Seattle-based Laird Norton Wealth Management appointed Carla Wigen as managing director of fiduciary. She reports to Bob Moser, the firm’s president and chief executive. Wigen has almost 20 years of experience in wealth management and private banking focusing exclusively on trusts and estate planning. 

Northern Trust appointed Dan Houlihan as head of asset servicing, Americas, a newly-created position. He is responsible for delivering the full range of front-, middle- and back-office services to both asset owners and asset managers across the region. Houlihan leads the firm’s business servicing institutional investors across the Americas, including corporations, public pensions, foundations and endowments. He joined Northern Trust in 2008 and led investment operations outsourcing before he was named head of GFS Americas in 2012. Prior to Northern Trust, he spent 19 years in leadership positions for investment management, technology, and services companies, including Citisoft, where he was president. 

Thomson Reuters’ financial and risk arm, to be called Refinitiv, appointed Brian J West as chief financial officer. West joined from Oscar Insurance, a firm working in the US health care sector, where he was CFO and executive vice president of operations. Prior to Oscar, he spent nine years at Nielsen as CFO and then chief operating officer.

DWS, the asset management group, brought in Hartwig Kos, who is based in Frankfurt, to join its multi-asset group. Kos was co-head of multi-asset and vice chief investment officer at SYZ Asset Management in London. Prior to joining SYZ, Kos held various positions at Baring Asset Management, most recently as investment director of Global Multi Asset Group. 

Towerpoint Wealth appointed financial advisor Jonathan LaTurner. He joined from Wells Fargo Advisors in Sacramento where he had been a financial advisor since 2012, managing approximately $50 million in client assets. Prior to Wells Fargo, LaTurner worked for First Citizens Bank.

RBC Wealth Management hired Chu, Phillips & Associates to join its Stamford office. The team manages approximately $426 million in assets and joined from Merrill Lynch.

Clark Capital Management Group, an independent asset manager, appointed Tim McGarrity as chief financial officer and Jim Shields as senior vice president, key accounts, a newly-created role.

McGarrity is responsible for the oversight of Clark Capital’s accounting, finance, treasury and tax functions. With over 25 years’ experience in the financial industry, he has also served as the vice president of finance at Hartford Funds. McGarrity reports to Brendan Clark, chief executive. Shields is responsible for growing the firm’s product placement and distribution opportunities among broker dealer and investment platforms.

Bridgeway Capital Management, an independent investment manager, hired Jacob Pozharny to work on the firm’s new international investing competency. Prior to Bridgeway, Pozharny spent nine years at QMA as head of international equity research and portfolio management.

PIMCO, the US fixed income house, appointed former top-level Blackstone figure, John Studzinski, as managing director and vice chairman, a new role for the firm. Studzinski, who has spent most of his career working in Asia and Europe, brought to PIMCO 30 years of experience as a financial and strategic advisor. He is based in PIMCO’s New York office and reports to Emmanuel Roman, chief executive.

Prior to this role, Studzinski was vice chairman, investor relations and business development and senior managing director of Blackstone Group. He also served as head of European investment banking at Morgan Stanley and deputy chairman of Morgan Stanley International; he was also closely involved in HSBC’s buildout of its investment banking division. A prominent figure in humanitarian issues, Studzinski is chair of the UK Prime Minister’s Business Against Modern Slavery initiative, co-founder and chair of the Arise Foundation, which partners with local networks to stop human trafficking, and is vice chair emeritus of Human Rights Watch. He is also founder and chairman of the Genesis Foundation, a UK-based charitable foundation which nurtures the careers of outstanding young artists.  Studzinski also holds the Papal honors of Knight of the Order of St Gregory and Knight Commander of Saint Sylvester and was named in the 2008 Queen’s New Year’s Honors List as Commander of the British Empire (CBE) for services to the arts and charity.

CIBC Private Wealth Management appointed Kimberly Dwan Bernatz as managing director and head of the Newport Beach office. Andrew Lang continued serving his existing clients as a senior relationship manager. He partners with Bernatz to continue expanding the firm’s presence in Southern California and Arizona. Bernatz brings more than 20 years of experience in financial services to her role. Prior to joining the firm, Bernatz was a senior vice president and director of wealth management advisory services for First American Trust. Previously, Bernatz was a vice president and business development officer at Northern Trust.


BNY Mellon, the US financial services group, appointed former Standard Chartered senior manager Sam Xu as country executive for China. Xu reports to Gregory Roath, head of global client management, Asia-Pacific, and is based in Shanghai. At Standard Chartered, Xu was most recently head of transaction banking for China covering cash and liquidity management, trade finance, custody and other securities services. Prior to Standard Chartered, Xu worked for Deutsche Bank and JP Morgan in China as well as in New York. Xu succeeded Robert Kung, who will be retiring following five years with BNY Mellon.

Indosuez Wealth Management appointed Justin Lau as Head of Real Estate, Asia to shape real estate products and services. Prior to this, Lau was senior relationship manager in corporate banking at Maybank where his expansive portfolio included working with some of Singapore’s largest family-owned property firms, listed companies, real estate investment trusts, and Chinese state-owned enterprises. Prior to Maybank, Lau covered real estate financing for real estate investments and developments at Mizuho and UOB. He has a master of business administration, majoring in finance, from the Chinese University of Hong Kong. He also has a BSc (Hons) in urban estate management from Kingston University. Lau reports to Julien Collin, head of markets, investments and structuring, Singapore.

BNP Paribas Wealth Management announced that Teddy Chu was the new head of wealth planning services, Asia, based in Hong Kong and reporting to Garth Bregman, head of investment services, Asia-Pacific. Chu replaced Berry Wong, the previous holder of the post, who left about a year ago. Chu supervises dedicated wealth planning services teams in Hong Kong and Singapore. Prior to this role, Chu was a managing director at Standard Chartered Bank. Before that, he held senior roles at Credit Suisse, Deutsche Bank and HSBC, leading a team of wealth planners providing wealth structuring and inheritance planning advice to high and ultra-high net worth clients. He has worked in the industry for more than 20 years.

Manulife Asset Management (Hong Kong) appointed Yvonne Sin as an independent director. She also joined the board’s audit and risk committee and the conduct review committee. Sin has over 40 years of experience working with governments, non-governmental organisations, supranational entities, international financial institutions, and multinational corporations. During Sin’s 14-year tenure at the World Bank, she was appointed to leadership positions which included head of global pensions of the social protection unit, as well as team leader of the corporate planning and resource management unit.

Mark Lazberger, chief executive of Colonial First State Global Asset Management, left after being in the post for 10 years. (Globally, that firm is called First State Investments.) Mark Steinberg, the chief operating officer for CFSGAM, became the acting CEO. CFSGAM is part of Commonwealth Bank of Australia.

Deutsche Bank did not comment that its north Asia chief operating officer, Katherine Lai, had resigned. Lai had been at Deutsche’s private bank in Asia for about 13 years, joining in July 2015.

Insurance group Chubb appointed Jeremiah Konz as executive vice president, reinsurance officer for Chubb Overseas General, the company's international general insurance business. Konz was senior vice president of ceded reinsurance for Chubb's North American operations. In his new role, which takes effect from 1 January next year, he has overall responsibility for Chubb's ceded reinsurance programmes for all markets outside North America. He succeeded Neil Bennett, who was to retire at the end of 2018. Over his 40 years in the insurance industry, including 20 years at Chubb, Bennett has worked in a variety of underwriting and claims roles, primarily in London and Bermuda. He reports to Timothy O'Donnell, vice president, Chubb Group and division president, commercial property and casualty, overseas general insurance, and to Michael Kessler, vice president of Chubb Group and chief reinsurance officer.

JP Morgan Asset Management appointed Álvaro Quirós as a product specialist in the international beta product team and Sean Cunningham as head of Asia exchange traded funds. Based in London. Quirós concentrates on product strategy and the development of ETFs alongside other vehicles. He was previously part of the ETF product development team at Xtrackers (Deutsche Asset Management), where he worked on the idea generation for new launches and the enhancement of the Xtrackers range. Quirós reports to John Harrington, head of international beta and ETF product at JPMAM. He is based in Hong Kong.

National Australia Bank made several changes to its executive leadership team. Rachel Slade leads the customer experience division in the new role of chief customer experience officer. She has been executive general manager, deposits and transaction services since joining NAB in January 2017 after more than 10 years in senior positions at Westpac. The firm appointed Mike Baird as chief customer officer of consumer banking. He leads NAB’s retail banking business including more than 700 branches, 7,000 bankers, broker partnerships, direct banking and the digital bank UBank. Slade has been CCO of corporate and institutional banking since April 2017. David Gall moved to the role of CCO of corporate and institutional banking. He has been NAB’s chief risk officer and part of the NAB executive leadership team since August 2014, having spent 29 years in corporate, commercial and retail banking.

Shaun Dooley joined the NAB executive leadership team as CRO. He is group treasurer and has been with NAB since 1992, serving in various senior executive roles in risk, corporate and institutional banking. Also Andrew Hagger left NAB after 10 years, including the past eight years as a member of the executive leadership team. In that time, he has led the consumer banking and wealth businesses; MLC as chief executive; and the corporate affairs, marketing and people divisions.

Alpadis Group, the Switzerland-based firm which provides multi-jurisdictional corporate and bespoke fiduciary services, hired former Julius Baer figure Samy Reeb as managing director of Alpadis Trust (HK) Ltd. Reeb had worked for nearly six years at Julius Baer, as executive director, wealth planning proposition and provider management. He has also worked at some of the world’s largest law firms, as well as at JP Morgan, Credit Suisse and Ernst & Young.

State Street Corporation appointed Michele Hardeman as head of global markets for Asia-Pacific. Hardeman, who has relocated to Hong Kong from Boston, previously served as head of foreign exchange sales for State Street Global Markets. She reports to Wai-Kwong Seck, chief executive for Asia-Pacific, and Lou Maiuri, global head of Global Markets.

BNP Paribas Securities Services appointed Takeshi Kozu as head of securities services Japan. He replaces Laurent Guittonneau who has relocated back to Europe with BNP Paribas. Kozu is based in Tokyo, reporting hierarchically to Philippe Benoit, head of securities services Asia-Pacific, and functionally to Nicolas Pillet, general manager of BNP Paribas, Tokyo branch. With more than 20 years’ experience in securities services, Kozu joined BNP Paribas from Mizuho Financial Group.

JP Morgan Asset Management appointed Lyn Ngooi as hedge fund solutions investment specialist for Asia-Pacific clients, a newly-created role. Ngooi is based in Singapore and reports to Karim Leguel, head of international investment specialist team - hedge fund solutions. She joined JP Morgan from APS Asset Management, where she was vice president, strategy and business development, with client coverage responsibilities in Asia and Europe.
Citi Private Bank appointed Jørgen Weber Christensen as global market manager for the Philippines. In this newly-expanded role by the bank, Singapore-based Christensen reports to Jyrki Rauhio, the firm’s South Asia head. Prior to this, Christensen was a team head in Citi Private Bank’s coverage team for the Philippines. He has more than 30 years of experience in banking and finance, including 15 covering the Philippines. Christensen joined Citi Private Bank as an RM in 1999. Prior to Citi, he worked with JP Morgan Chase and Merrill Lynch in Singapore. He started his career at Danske Bank in Copenhagen and was transferred to Singapore in 1993 while he was with the bank.

Deutsche Bank Wealth Management named former Credit Suisse manager Aditya Mishra to lead its global south Asia client coverage team which is based in London. Mishra reports functionally to Amrit Singh, head of wealth management coverage for global south Asia and to Michael Morley, CEO, Deutsche Bank UK Bank Limited. At Credit Suisse, Mishra worked for over eight years in the UK and Asia (India) markets.

Standard Chartered created the expanded role of group chief operating officer, hiring former Commonwealth Bank of Australia senior figure David Whiteing. He is based in Singapore and reports to StanChart’s chief executive, Bill Winters. The COO role brings together the chief operating officer’s team with the bank’s global and country operations teams, which formerly sat within information technology operations. At CBA, Whiteing was group executive and chief information officer for enterprise services. Doris Honold, the existing group COO, works with Whiteing and Michael Gorriz (group chief information officer) to split operations from technology and integrate them with its existing COO function. She remains as part of the management team. Gorriz continues to lead StanChart’s digital transformation and innovation programmes.

Hong Kong-based Swiss International Asset Management appointed John Holmes as partner and senior relationship manager. Holmes has over 23 years of experience in international private banking and fund management. He spent 10 years with LGT Bank in Hong Kong as a managing director and senior relationship manager. Prior to LGT, he worked for Mirabaud.

Financial trading and execution services firm GAIN Capital Holdings appointed Alex Howard as managing director, Asia-Pacific (excluding China). The role was a newly-created one. Howard is responsible for the overall strategic execution and performance of GAIN's retail business in Australia, Singapore, Japan and Southeast Asia. Howard will be based in GAIN's Singapore office. Prior to this, Howard was most recently head of Asia-Pacific, overseeing IG Group's operations in Japan, South Africa, Singapore, Australia and China.

One of Swiss private bank REYL & Cie's senior partners moved back to the Alpine state after a spell of building out its business in Asia. Nicholas Duchêne, who moved to Geneva, joined fellow partners François Reyl, Pasha Bakhtiar, Christian Fringhian and Lorenzo Rocco di Torrepadula. The move meant that Duchêne's previous role as chief executive of REYL Singapore Pte was taken up by Antoine Denaiffe. Duchêne began his career at Arthur Andersen in Luxembourg and Ferrier Lullin & Cie in Geneva.

Standard Chartered appointed Ravi Ramakrishnan as managing director, market head, Global South Asian Community (GSAC), private banking. The firm also appointed Sajith Menon and Benedict John as directors and relationship managers of GSAC. Ramakrishnan is based in Singapore, reporting to Srinivas Siripurapu, regional head, private banking, ASEAN and South Asia, and global head, GSAC. Ramakrishnan has more than 20 years of corporate and private banking experience, working at HSBC, Royal Bank of Canada and Clariden Leu in the Africa, Asia, North America and the Middle East markets. Most recently, he was managing director, market head, Middle East and Africa at DBS Private Banking.

Also based in Singapore, Menon and John report to Vishal Jain, managing director, market head, South and South East Asia, private banking. Prior to joining the bank, both were directors in private banking at Bank of Singapore. 

DBS Group appointed Tham Sai Choy to the boards of the group and DBS Bank. Until his retirement in 2017 as the chairman of KPMG in Asia-Pacific, he was a member of KPMG’s global board.

Experienced executive search figure Jonathan Hollands was appointed by Huddleston Jones as a new managing partner for Greater China, joining the firm’s leadership team and responsible for driving growth in the Greater China region. Hollands is based in Hong Kong.

With more than 13 years' experience covering front-office and C-suite positions in private wealth management, Hollands has formerly held senior roles in Central and Eastern Europe in recruitment, as well as in business process outsourcing industries. Hollands was a British Army officer in the 14th/20th King's Hussars and served in various theatres, including Operation Desert Storm in 1991 as a tank commander; and as a jungle warfare instructor in Brunei with service in Hong Kong, the UK and Germany. Hollands has been a long-standing contributor on the WealthBriefingAsia private banking awards panel.