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Summary Of Executive Moves In Global Wealth Management - January 2019

Editorial Staff

18 April 2019

Liechtenstein-based VP Bank said that CEO Alfred Moeckli had stepped down by "mutual consent". Dr Urs Monstein, who has been chief operating officer since May last year, became interim CEO. Moeckli had been at the helm for about six years, guiding the business in the period after the financial crisis when institutions in the tiny European state, and neighbouring Switzerland, had been through big changes, including the international demise of bank secrecy, demands for greater transparency by offshore locations, and a period of negative Swiss interest rates. 

Amundi named Pascal Duval as head of retail solutions. He is a member of the executive committee. It also named Julien Fontaine as head of partnerships, who is also a member of the executive committee. Duval worked for Russell Investments in Europe, the Middle East and Africa for 22 years, during which time he developed the asset manager’s continental European and Middle-East business and the opening of the Paris office. He was appointed chief executive for EMEA in 2011 and became a member of Russell Investment’s Global Executive Committee. Pascal left Russell Investments in January 2017 and founded Duval Capital LLP, a research and advisory company in wealth and asset management. 

Fontaine began his career in 1999 at the French Ministry of Foreign Affairs as an advisor. In 2000, he joined McKinsey & Company and in 2009 became a partner in charge of financial services. In September 2011, Fontaine joined Crédit Agricole as head of group strategy before becoming CEO of Amundi Japan in 2014. He subsequently became head of retail marketing for the Amundi Group in January 2018.

Schroders appointed Gillian Hepburn to join its UK intermediary business as intermediary solutions director. Hepburn joined from the Embark Group where she was head of strategic partnerships.

Michael Loretan, head of the asset management division and deputy chief executive of the Swiss Financial Market Supervisory Authority FINMA, died at the age of 53 after a long illness. Loretan joined FINMA in 2011 after a career in the finance industry. He was appointed a member of the executive board in 2014 and the board of directors named him as deputy CEO of FINMA in October 2018.

Edinburgh-based independent investment partnership Baillie Gifford appointed Gregory Turnbull Schwartz to manage its multi-asset income fund. He joined existing fund managers Steven Hay, head of rates and currencies, and James Dow, co-head of global income growth. Turnbull Schwartz was closely involved with the fund since launching in 2018, managing investment grade credit assets. The 20-year veteran replaced Gerald Smith, who retired from the firm in April 2019. 

Eastspring Investments, the Asian investment management wing of UK-listed Prudential plc, appointed Wai-Kwong Seck as its chief executive, taking over from Guy Strapp, who has retired after a 12-year stint at the firm. Strapp had been the CEO for the last six years.

Wai-Kwong has more than 30 years’ investment and senior management experience. He joined from State Street Bank & Trust Company, where he was the CEO of the Asia-Pacific region based in Hong Kong. He has worked across Asia and the US, spanning wealth and asset management in both the institutional and retail space, investment banking, M&A, business development, and the stock exchange. Prior to joining State Street in 2011, he was the chief financial officer of the Singapore Exchange for eight years. Previously he held senior-level positions in The Monetary Authority of Singapore, the Government of Singapore Investment Corporation, Lehman Brothers and DBS Bank.

The deVere Group reopened a Mallorca branch in Portals Nous at the heart of the island’s luxury marina culture. The office is run by wealth management veteran Michael Jacobs, who moved from deVere Italia in Milan. He reports to Spain’s senior area manager Andrew Oliver.

Värde Partners, an alternative asset class investment firm, appointed Elena Lieskovska and Haseeb Malik as partners, and elevated Brad Bauer to deputy chief investment officer. 

Based in London, Lieskovska is head of European financial services, responsible for Värde’s private equity investments in specialty finance companies and related businesses in Europe. She joined the firm in 2008. Malik is head of Asia corporate and traded credit. Based in Singapore since the office opened in 2008, he joined the firm in 2006 and helped build the firm’s presence in large corporate restructurings in the region. Most recently, he led the establishment of Värde’s local presence in India. Bauer joined Värde’s global CIO team, comprising Ilfryn Carstairs and Jeremy Hedberg, partners and co-CIOs, and Giuseppe Naglieri, partner, deputy CIO and global co-head of corporate and traded credit. 

Franklin Templeton Investments appointed Marcus Weyerer as senior exchange-traded fund sales specialist, reporting to Caroline Baron, head of ETF sales for Europe, the Middle East and Africa. In this newly-created position, Weyerer supports development efforts of Franklin Templeton’s UCITS ETF platform Franklin LibertySharesTM 2 in the German-speaking region. Prior to this, Weyerer worked for WisdomTree in London where he built out the firm’s relationships with intermediary and institutional clients in the German-speaking region. Previously, he worked at Intesa Sanpaolo’s London branch as a money market dealer. He also worked in the private wealth and corporate banking departments of Commerzbank in Frankfurt.

Citi Private Bank added three senior investment hires to grow business in Europe, the Middle East and Africa. Mickael Defarge joined as a senior investment counsellor focusing on the Northern European market. Prior to joining Citi, Defarge spent 11 years at UBS Wealth Management leading structured products and distribution for the French market. He started his career at Société Générale private banking in Luxembourg. He is based in London and reports to Northern Europe investment head Jacopo Eydallin.

Sandrine Chaker joined the Middle East Northern Africa (MENA) investment team in Dubai as a senior investment counsellor covering the UAE market. Prior to this, Chaker was a senior investment advisor at Barclays Wealth Management in Geneva, and before that spent a decade at HSBC private bank in Geneva, London and Dubai, mostly advising on the MENA region. Chaker reports to Saudi and UAE investment head Alex Johnstone.

Maria Olmos joined the emerging market team as an investment counsellor. Olmos started her career at Citi with the Latin America division in Miami, and later joined the Corporate and Investment Bank as a business strategy analyst in London. Based in London, Olmos will report to emerging markets investment head Richard Saunders.

UK-based Hawksmoor Investment Management appointed James Brent as its board chairman, with David Kempton standing down from the role, but remaining as a non-executive director. Brent was appointed to the board in January 2018 as a NED. Brent is an entrepreneur based in the South West. Previously, he spent 25 years with Schroders, progressing from being the bank’s youngest-ever director to Citigroup’s global head and chairman of real estate and lodging. He holds a number of public sector positions, including that of chairman of the Royal Devon and Exeter NHS Foundation Trust.

Carey Olsen appointed Sam Stevens, an international arbitration specialist, to join its dispute resolution practice as counsel. Stevens, a Bermudian, returned to its Bermuda practice, 

Stevens, who is an expert on international arbitration, joins after more than six years at DLA Piper where he practised in both its Dubai and Singapore offices. Prior to DLA he worked at international law firms Norton Rose Fulbright in London and Clyde & Co in Dubai.

Waverton Investment Management appointed Robert Healey from Daiwa Capital Markets where he was a director. Healey joined Waverton’s fixed income team to work on private client and charity fixed income portfolios. He also worked alongside Jeff Keen on the firm’s Global Strategic Bond Fund and Sterling Bond Fund. Healey has more than 28 years of experience in bond markets. Prior to Daiwa Capital Markets he was head of euro fixed income corporate trading at Lloyds Bank International and has held senior positions at both Rabobank and Standard Chartered. He holds an MBA in accounting and finance, strategy, economics and marketing and has extensive regulatory experience. 

Renaissance Capital, an emerging and frontier markets investment bank, appointed Risana Zitha as chairman of the board of directors of Renaissance Capital (South Africa) and head of investment banking for Africa. Zitha coordinates the board’s work and supervises relations with stakeholders, and reports to Renaissance Capital co-chief executives Ruslan Babaev and Anna Vyshlova. At the investment bank, he is in charge of client coverage and deal origination and execution, and reports to acting global head of investment banking Dmitry Gladkov. Zitha is based in London.

Prior to this, Zitha was a former managing director in the investment banking division of Morgan Stanley. He has more than 18 years of experience in the industry. He has executed mergers and acquisitions and capital markets transactions across multiple sectors, including transport, energy, utilities and natural resources. In addition to being a Sloan Fellow pursuing a master’s degree in leadership and strategy at the London Business School, Zitha has a BA in economics from Dartmouth College in Hanover.

European law firm Fieldfisher launched a specialist law firm to concentrate on business areas such as hedge funds and derivatives. The new entity is called Cummings Fisher, led by a trio of partners. The partners are Claire Cummings (managing partner), who founded Cummings Law in 2003; partners Ron Feldman (head of the derivatives practice) and James Tinworth (head of funds practice).

Cummings practises financial services law with a focus on regulatory issues, cryptocurrencies and tokens, trading and brokerage documentation and advising both existing and start-up funds and fund managers. Tinworth joined from Stephenson Harwood where he was a partner and head of the hedge funds practice. Feldman was previously a partner at MJ Hudson and held senior positions at the London office of Schulte Roth & Zabel and in-house at the investment bank Credit Suisse.

Kleinwort Hambros, the UK-based private banking group, appointed Christophe Huchet as chief executive of its Channel Islands operations. He was deputy of this business. He replaced Mike Allen. With over 16 years’ working for Societe Generale, Kleinwort Hambros’ parent, Huchet held several senior positions within the group, starting his career in Paris before moving to Hong Kong and then Milan, where he was CEO of Societe Generale’s Milan branch. As CEO of SG Kleinwort Hambros (Channel Islands), Huchet reports to John Maitland, CEO of Kleinwort Hambros. Huchet is based in Jersey.

The Association of Investment Companies elected Peter Niven to sit on its board. Niven has more than 40 years’ experience in financial services and currently serves as a non-executive director of the investment companies SQN Asset Finance Income Fund, where he is chair, and India Capital Growth Fund. Niven spent 30 years at Lloyds Banking Group, becoming the group’s head of offshore banking. After leaving Lloyds, he worked for Guernsey Government as its first director of finance sector development and was appointed chief executive of Guernsey Finance. 

Susie Farnon, who was appointed to the board in 2018, was also elected and William Hemmings and Patrick Reeve were re-elected. Having served nine years on the AIC board, Melville Trimble has retired. Trimble joined in 2010 and was deputy chair from January 2015 to January 2018. He chaired the AIC’s audit committee from March 2011 to January 2019.

GPP, the London-based prime broking, investor services and wealth solutions firm, appointed Todd Johnson as chief operating officer. Johnson joined GPP with more than 25 years of experience in the financial services, fintech and engineering sectors, and reports to the company’s CEO, Julian Parker. Johnson held a number of senior buy and sell-side positions, including head of international prime brokerage at Deutsche Bank and head of European prime brokerage at Citi. He later co-founded Ivaldi Capital, a multi-manager hedge fund, where he was a managing partner. Most recently, Johnson was chief operating officer at betting exchange Smarkets.

Brown Shipley appointed Amrendra Sinha to the newly-created role of head of direct equity. Joining the investment office and reporting to recently-appointed chief investment officer, Toby Vaughan, Sinha enhances Brown Shipley’s investment capabilities as the business develops its direct equity proposition for clients. Sinha has more than 18 years’ experience of institutional asset management, wealth management and the hedge fund industry.

Old Mutual International, part of Quilter, named Jan Wiberg as its new area sales manager for Sweden. Wiberg had senior roles within international private banking, asset management and insurance. He has also worked in Singapore, Luxembourg and Switzerland. He took over from Andreas Hjerth who left the business at the end of last December to take up a role as sales manager with Crossborder Life and Pensions.

St James’s Place brought in Emma Hunt to head responsible investment and lead strategic and operational development of ESG for partners and clients at the firm. Prior to joining St James’s Place, Hunt built a 20-year career in ESG and responsible investing working at Mercer, Towers Watson and Hermes. 

UBS Global Wealth Management appointed Coutts veteran Alison Lander to grow its UK business in the North East. Lander joined as a director in Newcastle where she focuses on expanding regional business and work with existing clients. Lander began her career at Natwest and spent 20 years at Coutts, most recently as a director and team leader in the city.

Carey Olsen, the offshore law firm, added to its litigation and insolvency practice by naming senior associate Paul Griffiths in London and associate Monique Hansen in the British Virgin Islands. Griffiths, who has previously practised in the BVI, recently worked at the London office of a transatlantic law firm. He is a specialist in dispute resolution, insolvency and restructuring work. Hansen, who joined Carey Olsen from the Hong Kong office of an international law firm, advises on a range of complex and multi-jurisdictional litigation matters across several sectors, including large scale infrastructure, energy and technology-related disputes.

Schroders, the UK-listed investment house and private bank, appointed Bob Kaynor, who was previously a co-portfolio manager of the US Small and SMID Cap Equities, to become head of these business areas. After more than 16 years at Schroders and an investment career spanning nearly four decades, Jenny Jones, fund manager and previous head of US Small Cap and SMID Equities, decided to retire from Schroders later this year. Kaynor had previously been a director of Small and SMID Cap Research, a position he held since 2014. Prior to that he was chief investment officer and managing member at Ballast Capital Group from 2010 to 2013. He was previously a managing director/portfolio manager at Ramius Capital Group from 2003 to 2010. His investment career spans over 20 years, of which six years have been spent at Schroders. He is a CFA charter holder.

The major European funds platform Allfunds brought on three senior executives at group level. Luigi Lubelli moved within the group to become Allfunds’ chief financial officer. His management career spans roles at Mapfre, Morgan Stanley, Citibank and Banco Exterior de España (now BBVA).

In a second C-suite hire, George Yaryura joined as chief product officer. His 20-year career covers developing high impact product strategies, including extensive expertise in digital, payment, mobile, telecom and ecommerce from product roles at Visa, Orange, and Skype.

Rounding out the trio, Jorge Calviño joined Allfunds as chief people officer. Calviño held a series of HR roles at international businesses, including Gillette, Amadeus, L’Oréal, Microsoft, Beiersdorf and most recently at French optics brand Alain Afflelou.

UK family office Stonehage Fleming appointed Kate Boswell as director in the firm’s wealth planning team to help grow and develop its UK client offering. She joined in London and reports to Susie Hillier, head of wealth planning. Prior to joining the family office, Boswell was client director and head of private office at Handelsbanken Wealth Management, where she provided integrated investment, financial and tax planning services to clients. She qualified as a chartered tax adviser, completing the bulk of her training at Deloitte in London. Stonehage Fleming appointed Glenn Murphy to a newly-created position as chief operating officer within the firm’s investment management division. Murphy joined the group last November from Schroders’ wealth management arm, where he led on technology, operations and treasury business. Before that, he was the chief information officer at London & Capital and carried out a succession of leadership roles at Schroders, Cazenove Capital, London & Capital and Rathbones during 20 years in the commercial wealth management sector. Based in London, he reports to chief executive and head of investments, Graham Wainer.

BNP Paribas Asset Management appointed Katharina Anna Rost to boost sales of ETFs and indexed-fund solutions in Germany. Rost reports to Claus Hecher, head of sales for ETFs solutions in Germany, Austria and German-speaking Switzerland. Rost joined from HSBC Global AM in Düsseldorf, where she was a relationship manager in wholesale sales. She started her career in 2013 in sales support at BlackRock in Frankfurt. Rost holds an MSc in business and management from Plymouth Business School in the UK, and a BSc in economics from Fontys International Business School in Venlo, Netherlands.

International auction house Bonhams appointed Chris Tolson as chief technology officer, a role created for the first time by the firm amid digital changes to the market for fine art and other collectibles. Tolson is based in the organisation’s London headquarters. Tolson has been involved in digital tech areas since 1995. Previous roles include those of chief platform architect at bet365, where he was responsible for the entire IT delivery for the global operation of the business. He worked at that firm for 12 years.

Vontobel, the Swiss firm, appointed Carl Vermassen to join its emerging markets fixed income team as a portfolio manager. Vermassen has over 25 years of industry experience. He joined Vontobel Asset Management from Degroof Petercam Asset Management in Brussels.

Switzerland-based Falcon Private Bank recruited Placido Albanese to join its Zurich office as the new head of advisory services. Albanese previously worked at Banque Cramer.

Artemis Investment Management appointed Antonia Stirling as co-head of stewardship, a role that involves putting environmental, social and governance (ESG) ideas to work. She reported to Peter Saacke, Artemis’ chief investment officer. She previously worked at Standard Life Aberdeen, where from 2010 she was head of corporate stewardship. Before that, Stirling spent five years at Deloitte, where she became ACA qualified. She holds an MA in human sciences from the University of Oxford.

Blackstone Group, the investments group hired Jon Korngold, a former senior figure at General Atlantic who has led investments into financial services and healthcare.

Carey Olsen appointed Jasmine Amaria as a Cayman Islands and British Virgin Islands (BVI) corporate partner in its London office. Amaria, who joined from another offshore law firm, specialises in both Cayman Islands and BVI corporate law. She has significant experience in investment funds and corporate and finance matters, with a particular emphasis on fund formation and ongoing corporate transactions and financing activities, mergers and acquisitions, joint ventures, shareholder arrangements and group reorganisations and restructurings. 

Close Brothers Asset Management appointed Andrew Hess, as managing director, to join its high net worth bespoke investment management service in the business’ recently launched office in the West End of London. Hess previously worked as an investment director at Rathbones for 18 years. He has worked in the industry for over 30 years, managing funds for private clients, pension funds, charities and City livery companies.  He is a Chartered Fellow of the Securities Institute.

Transatlantic law firm Womble Bond Dickinson appointed Bob Savic as a tax consultant in the firm's London office. Savic works with the private wealth team providing bespoke tax advice for high net worth individuals, professional and corporate trustees, as well as financial institutions and insurers.

Global trust and corporate services provider Vistra appointed Clive Wright as managing director of Vistra Jersey. He succeeded Jane Pearce who has been promoted to managing director of the UK, Ireland and Channel Islands. They are both based in the firm’s Jersey offices.

London-based private bank Brown Shipley appointed Richard McGregor in a newly-created role as national head of Court of Protection and personal injury. A field veteran, McGregor was previously head of Court of Protection and personal injury at Arbuthnot Latham. Before that, he spent several years at Barclays Wealth and Investment and 10 years at Towry (now Tilney), specialising at both firms in Court of Protection and personal injury cases. At Brown Shipley, he reports to client director Julian Hardiman.

Merian Global Investors announced that Richard Buxton is stepping down as chief executive officer to be replaced by Legal & General veteran Mark Gregory. Buxton remains as head of UK equities and manages Merian’s UK Alpha Fund. He also continues to be involved in Merian’s development as a board member and major shareholder. Gregory joined Merian’s board in October 2018 as a non-executive director and has since been active in developing Merian’s strategy. He brings extensive experience to the helm, including two decades at Legal & General, serving the last four years to 2017 as chief financial officer. He began his career in 1984 at PricewaterhouseCoopers and holds a degree in maths and physics from King’s College London.

JP Morgan Asset Management appointed Edward Malcolm to join its international exchange traded funds business as executive director, holding the title of head of ETF distribution, wealth and intermediaries. Malcom is based in London and reports to John Adu, head of ETF distribution – UK, Netherlands and Nordic countries at JPMAM. Previously, Malcolm was  a member of the UK wealth team at State Street Global Advisors, with responsibility for distributing SSGA’s SPDR™ ETF range to private banks, wealth managers, family offices and platforms. Prior to this, he worked at JM Finn & Co where he was involved in the management of private client and ETF model portfolios.

Hunton Andrews Kurth, a specialist in structured finance and securitisation, added David Klass as a partner in its London office. Klass brought more than 15 years of experience advising on tax matters and transactions, particularly those with an international element. Prior to joining Hunton Andrews Kurth, Klass was a partner with the London office of international law firm Gide Loyrette Nouel based in Paris. He advised a major international pharmaceuticals producer in a European trade receivables securitisation, and also advised several European multinationals on the UK tax aspects of their UK energy projects. He also advised French state railway SNCF on the merger of its interest in the Eurostar link between Paris, London and Brussels into a single joint venture company. 

Switzerland's Reyl Group appointed Stephan Aepli to head a new external asset managers’ team. He joined on 1 January, having been in a similar role at Swiss rival Mirabaud and focuses on structuring and promoting Reyl’s tailored offering for external managers and their clients.

Legal & General Investment Management (LGIM) appointed Noareen Raja to head Middle East operations, with overall responsibility for client relationships in the region. Reporting to Sarah Aitken, LGIM’s head of distribution, Raja focuses on strengthening the firm’s regional relationships. Raja joined from JP Morgan Asset Management, where she spent nine years in the Sovereign Sales Group, working with central banks, sovereign wealth funds and government pension funds across the Middle East. 

SANNE opened a new office in Amsterdam. The office adds to locations in other parts of Europe, such as London, Dublin, Luxembourg, Madrid, Paris and the Channel Islands. Yasemin Demirtas, director and country head for the Netherlands, is based in the Amsterdam office managing the permanent staff.

Invesco appointed Hamid Asseffar to join its London-based exchange traded fund business development team. Asseffar reports to Ravinder Azad at Invesco, and concentrates on growing business with UK asset managers and family offices. Asseffar previously worked at Amundi, the European business, where he was a sales and marketing associate within the ETF, Indexing & Smart Beta team. 

Law firm Penningtons Manches hired private client partner Ryan Myint to join its private wealth group. Based in the London office, Myint joined from Taylor Wessing, where he was a partner in the international private client group for over eight years, including a secondment to the Singapore office from 2012 to 2015. Before joining Taylor Wessing in 2004, he practised at Withers and then Clifford Chance.

Baillie Gifford, the Edinburgh based investment management partnership, promoted Helen Xiong to co-manager of the Baillie Gifford US Growth Trust. Xiong moved from her role as deputy manager on the trust to co-manager alongside Gary Robinson. The pair, both part of Baillie Gifford’s US Equities team, managed the trust since its launch in March 2018. Xiong  joined Baillie Gifford in 2008 as a graduate from the University of Cambridge, and has spent time working in its Developed Asia, UK, North America, Emerging Markets, and Global Equity teams before assuming her current role as an investment manager within the US Equities team.

Sarasin & Partners appointed five of its figures to the rank of partner. The new partners were Jerry Thomas (asset management), Alex Hunter (asset management), Tom Vernon (private clients), James Hutton (charities) and Fergus Crawford (chief executive of Sarasin & Partners Dublin).

TIME Investments, an income property and estate planning firm, promoted Roger Skeldon to co-fund manager of its TIME:Commercial Freehold fund and TIME:Social Freehold fund, which was launched to financial advisors last year. Skeldon has more than 15 years’ experience in fund management, finance and commercial property. He has been at TIME Investments for over seven years and has operated as assistant fund manager for TIME:Commercial Freehold and TIME:Social Freehold since their inception. Previously, Skeldon was an assistant director at Close Brothers Group's asset management division.

Investment firm ML Capital said Dr Dermot Smurfit decided to step down as board chairman after a five-year stint. ML Capital appointed Barry McGrath after board approval as its next chairman. McGrath led Maples and Calders Dublin Investment Fund practice between 2008 and 2017 where he and his team grew the group to become the largest funds practice in Ireland.

Collas Crill appointed three people to join its British Virgin Islands team: partner Gerard Clarke (the dispute resolution department), senior associate Richard Doyle, and associate Christian Hidalgo (the corporate, finance and funds team). Clarke has previously acted for international corporates and high net worth individuals, advised national governments at ministerial level, and challenged and defended regulators. His areas of expertise include litigation, mediation and negotiation, as well as strategic and tactical legal advice covering a variety of business, regulatory, and governmental sectors.

North America
JP Morgan’s wealth management client business head, Barry Sommers, retired after being at the US banking giant since 2008. Sommers joined JP Morgan when it bought Bear Stearns, where he worked. Sommers went on to run the Chase consumer bank and build its wealth management business. 

David Frame, global head of client advice and strategy, became chief of US wealth management, and reports to Edoes. Frame has been at the bank for more than two decades in a variety of roles, such as being global head of capital markets solutions. 

Andrew Cohen, who runs the international private bank at the moment, took on a new role as executive chairman of wealth management, based in London.  

Nicolas Aguzin took on Sommers’ international private banking responsibilities. Aguzin had been head of banking for Asia-Pacific at the corporate and investment banking arm. Aguzin worked in multiple regions, including being CEO of JP Morgan in Latin America. Filippo Gori became deputy chief executive of Asia-Pacific.

Sol Gindi, chief administrative officer of the consumer bank, became CAO for wealth management globally, overseeing the bank’s technology, operations and service initiatives. Brian Carlin continued as CEO of wealth management solutions, taking on day-to-day responsibilities as head of investment solutions. 

Russell Investments said Peter Gunning remained as global chief investment officer, a role he held on an interim basis from October 2018. He is based at the firm’s Seattle, Washington, headquarters. Gunning oversees investment business worldwide, including asset management, implementation and research. He reports directly to CEO and chair Michelle Seitz. He started at Russell’s Sydney office in 1996, serving as global chief investment officer at the US headquarters between 2008 and 2013, and had been CEO for Asia-Pacific since 2013. Before that, he worked in portfolio management and as a financial markets economist and a fixed-income options trader. He holds a master's degree in economics from the University of Sydney.

Alex Brown, a division of Raymond James, brought in client advisor John-Peter “JP” Rockwell Curcio in Atlanta. Prior to this, Curcio was at AB Bernstein where he previously managed approximately $110 million in client assets. He has been in the financial services industry for 22 years.

SunTrust’s private wealth management team named two new managing directors and advisors, Nathan Chapman and Laura Ryan, serving the Dallas area. Ryan has more than 25 years of experience. Prior to joining SunTrust, she worked with JP Morgan for 23 years. Chapman brings over 15 years of private wealth and capital markets experience to his new role. He also served at JP Morgan before joining SunTrust.

LPL Financial appointed Dayton Semerjian as chief customer care officer, leading its service, trading and operations organization. Semerjian fills a similar role previously held by Tom Gooley, who retired in March. Semerjian has more than 30 years of professional experience. Prior to this, he worked at CA Technologies. Most recently, he was general manager and senior vice president, global customer success. He joined CA Technologies in 2005 as part of that firm’s acquisition of Concord Communications. Prior to CA Technologies, Semerjian was in a variety of leadership roles at Intel Corporation, Nation Street, and Corente (now Oracle). Semerjian graduated from the University of Massachusetts with a bachelor of business administration in 1988. He received his MBA from Harvard Business School in 1996.

CIBC Private Wealth Management added five professionals to its teams in the US. Stacey Gray was named managing director and portfolio manager in Birmingham, Michigan, responsible for managing investment portfolios for institutional and high net worth clients. Gray has more than 25 years of experience and. Previously, she was a trust advisor and relationship manager for Comerica Bank, overseeing the administration for special needs trusts. Before that, she was an investment portfolio manager for Huntington Bank.

Tim Hocevar was appointed managing director and private banker in Milwaukee, working with high net worth individuals and families on a wide range of banking matters, including complex credit and cash solutions, while also focusing on financial planning and best practices to preserve, manage and transfer wealth for current and future generations. Hocevar has 18 years of experience and, prior to joining CIBC, he held private banking positions with both BMO Wealth Management and US Bank Wealth Management.

Luis Iraheta was named managing director and market manager in Washington DC and joins the firm with 14 years of financial industry experience. Prior to joining CIBC, Iraheta was a vice president and senior private banker at Wilmington Trust. 

David Moody was named senior vice president in Dallas, with 10 years of financial industry experience. He is responsible for fostering new and existing relationships with high net worth clients, family offices, foundations, endowments and key intermediaries. Prior to joining the firm, Moody was a vice president and wealth director at BNY Mellon, where he helped lead the M&A practice in Texas and worked closely with business owners preparing to enter liquidity events.

Amanda Regnier was named vice president and senior wealth strategist in New York, working closely with relationship managers to develop and implement charitable estate and wealth transfer management planning for clients as part of the firm’s integrated wealth management process. Prior to joining CIBC, Regnier was an associate wealth strategist at US Trust, where she guided high net worth and ultra-high net worth clients in all aspects of wealth planning.

Fiduciary Trust Company appointed Jennifer Joyce, CFA, as vice president and investment officer. Joyce previously worked at Brown Advisory where she was a principal, client advisor, and associate portfolio manager. Prior to that, she was a VP at Goldman Sachs and also held positions with BlackRock, AllianceBernstein, and Geneva Global. She is a member of the CFA Society Boston and the Chartered Financial Analyst Institute.

Regal Wealth Advisors, a firm which previously worked with Kestra Financial, switched to the broker-dealer and RIA platforms of LPL Financial. Regal oversaw about $350 million of client money.

The firm consists of four financial advisors: Michael McCarthy, Andrew Pincus, Gregg Gottlieb and Fred DaVeiga, each holding the CFP® certification and having 20-plus years of experience. They operate from New Jersey, South Carolina and Florida.

US Trust, Bank of America Private Wealth Management named three new market executives in Tennessee, Southern Connecticut and Upper New England. Tennessee became a standalone US Trust market, led by new market executive Tiffany Eubanks-Saunders. In this role, Eubanks-Saunders leads the efforts to grow US Trust business in the region, focusing on high net worth families, institutional clients and prospects throughout Tennessee and Kentucky. She has been with Bank of America for over 25 years, and will be based in Nashville, Tennessee.

Emily Dreas joined as the ME for the Southern Connecticut market. Dreas joins from Fiduciary Trust Company International where she was an executive vice president and global head of client development in New York responsible for building out the business development function. She is based in Greenwich, Connecticut.

Kathleen Auth was promoted to ME for the Upper New England market. She joined Bank of America in 2004, and most recently served as a market manager in Bank of America’s Business Banking group. She will be based in Boston.

Canada’s BMO Financial Group named Kristi Mitchem as chief executive of its global asset management arm, filling a slot left by Richard Wilson, who retired after being in post since 2014. Mitchem reports to Joanna Rotenberg, group head, BMO Wealth Management. Prior to this, Mitchem was chief executive and head of Wells Fargo Asset Management, where she led 28 investment teams with about $500 billion in assets under management. She has also worked at State Street Corporation, BlackRock, and Goldman Sachs.  

Argent Financial Group named Michael S Nutter as senior vice president and wealth advisor, based in the Argent Trust Company office in Dallas. Nutter reports to Argent Trust Company Dallas market president Linda S Baker. With more than 45 years in the fiduciary wealth management area, Nutter most recently served as regional manager for trust administration with Frost Bank. Before that, he was trust team leader for Chase Bank and JP Morgan Private Bank. Nutter graduated from Michigan State University in 1970 with a bachelor’s degree in business administration.

Argent Trust Company named Sidney O Roebuck as senior vice president/trust officer in its Birmingham office. Roebuck, who reports to Ken Alderman, president of Argent Trust, is responsible for managing personal and charitable relationships. Prior to this, Roebuck worked at Regions Bank, where he provided trust services for more than 40 years. For the majority of his career at Regions, he worked in the bank’s private wealth management division, where he was the manager of the Birmingham Trust Department.

RBC Wealth Management brought a new team into its Edina, Minnesota office. The Opp Kozlak Wealth Management Group comprises Peter Opp, senior vice president - financial advisor, who joins with more than 25 years of industry experience; Joel Kozlak, CPWA®, CRPC®, senior vice president – financial advisor, who has over 30 years of experience; Jessica Wright, financial advisor, who has 18 years of experience, and Christina Jamnik, senior registered client associate.

Rockefeller Capital Management brought wealth advisory teams serving ultra-high net worth clients to its business in Atlanta, Georgia. The Higgins Hall Group and The Embleton Curtis Quackenbush Group joined from Merrill Lynch. The Higgins Hall Group, founded and led by David P Higgins and Michael P Hall, is a team of seven professionals who have joined from Merrill Lynch’s Private Banking & Investment Group. The Embleton Curtis Quackenbush Group, a team of eight, joined from Merrill Lynch Wealth Management. This group is led by John F Embleton, William C Curtis, P Schuyler Quackenbush Jr and Evan B Georgiou.

Melissa Cheong, a former family office’s chief investment officer, has become a managing partner of Blackhorn Ventures, a US venture capital firm specializing in early and growth stage industrial efficiency-focused technologies. Cheong previously served as CIO at Denver-based Zoma Capital, the family office of Ben and Lucy Ana Walton. In her new role at Blackhorn Ventures, she splits her time between investing and supporting the growth and development of the broader Blackhorn platform.

In addition to her most recent role at Zoma, Cheong also held positions as an advisor and investor with Treehouse Investments, Imprint Capital, Plainfield Asset Management, Metzler Bank, and Deutsche Bank. Cheong holds an MBA from Columbia Business School in New York, and a BA in political science from the University of Chicago.

Argent Financial Group, which provides wealth management and other services across the South, opened a new office for its trusts business to serve the Jackson metropolitan market. This office is represented by vice president and trust officer David Russell, who has more than 34 years of experience in the wealth management industry. Russell joined Argent Trust Company in April and was based in Nashville. He was previously a senior vice president and relationship manager for Pinnacle Trust in Madison. 

He has been active in the financial and estate planning community of Jackson since returning to Mississippi in 1994. Russell is also a Certified Senior Advisor™. In 2012 he authored the book, What You Need to Know: The Adult Child’s Guide to Becoming an Effective Financial Caregiver.

Argent Trust Company appointed Sidney O Roebuck as senior vice president/trust officer in its Birmingham office. Roebuck reports to Ken Alderman, president of Argent Trust. Roebuck is responsible for managing personal and charitable relationships. Prior to this, Roebuck worked at Regions Bank, providing trust services for more than 40 years. For most of his career at Regions, he worked in the bank’s private wealth management division, where he was the manager of the Birmingham Trust Department.

Admiral Capital Group appointed Minnie Allison, formerly of Goldman Sachs, JP Morgan and most recently Matthews Real Estate, to join the $1.6 billion investment management firm’s Dallas, Texas office. Allison concentrates on asset management across Admiral’s multifamily, office, retail and hospitality assets, and also lends her expertise to support the firm’s acquisitions efforts.

Vanderbilt Financial Group, the firm employing environmental, social and governance tests for driving investment, promoted team member Megan Plapp to the position of chief financial officer. Plapp has been a Vanderbilt team member since 2017. She has more than 18 years’ experience working with or leading financial management and accounting teams. She attended SUNY Oneonta, graduating with a bachelor’s degree in accounting and a dual minor in finance and business communications. Prior to joining Vanderbilt, Megan worked in the finance and accounting departments at Peyser & Alexander Management, Gersh Management Services, and West Hills Day Camp, and was a small business owner for seven years in Patchogue, New York.

Janney Montgomery Scott, the wealth management firm based in Philadelphia, Pennsylvania, appointed a group of six industry professionals, together overseeing more than $225 million of client money. Chase Bradley, senior vice president/investments and Anthony Jessuck Jr, vice president/investments joined Janney’s Mystic, Connecticut branch. Bradley was accompanied by Patty Grady, senior registered private client associate. Bradley, Jessuck, and Grady were formerly affiliated with Wells Fargo. Wayne Howle, first vice president/investments, and Jessica Hill, senior registered private client associate, joined Janney’s Florence, South Carolina branch office. Howle was previously affiliated with Wells Fargo Advisors. Cathryn Budd, financial advisor, joined Janney’s Atlanta, Georgia branch office. Budd was previously affiliated with Merrill Lynch.

Indosuez Wealth Management promoted Frédéric Lamotte to chief executive officer for WM in Miami and to head up global business for the Americas. He is based at the group’s North America headquarters in Miami, and shifted from his previous position as chief investment officer, which he held since 2012. Lamotte joined Banque Indosuez in 1988 in the ALM department of Saudi French Bank. He then moved to Indosuez’s Singapore subsidiary in 1993 as head of derivatives before becoming head of capital markets and derivatives for the Tokyo subsidiary. In 1997, he was appointed head of advisory and structured products at Crédit Agricole (Suisse) SA and later took over as head of markets and investment solutions at Indosuez Wealth Management Switzerland in 2007.

RBC Wealth Management brought in a mother/daughter financial advisor team in the Chevy Chase office. The Stewart Team comprises Susan Stewart, senior vice president - financial advisor, who joined with 20 years of industry experience, and Taylor Stewart, financial advisor, with five years of experience.  They manage more than $150 million in assets and joined from Merrill Lynch.

Stewart holds both a bachelor’s degree in political science from Ursinus College and a Juris Doctorate from The Dickinson School of Law at Pennsylvania State University. Taylor joined the Stewart Group in 2014. Following graduation from the University of Wisconsin-Madison, where she earned a bachelor’s degree in political science, Taylor worked as the assistant to the chief financial officer of the Democratic National Committee.

One of the great figures of the investment management industry, Vanguard Group founder John Bogle, died at the age of 89. He is known as the "father of indexing". Bogle pioneered the model of the index fund, once considered an oddity but now a mainstream feature of the wealth management industry. As a consequence, Vanguard is now one of the largest investment houses in the world, overseeing $4.9 trillion of assets as at the end of last year.

BNY Mellon Investment Management appointed Kristina Fox as the new head of the organization's Wealth Solutions Group. Prior to this, she was a managing director and head of sales and national accounts at Third Avenue Management. Before that, she worked at Neuberger Berman for 17 years where she held many positions from national accounts to client portfolio manager.  She has also held wholesaler and analyst positions at Credit Suisse Asset Management and Warburg Pincus Asset Management.

BNY Mellon Wealth Management reportedly appointed Ray LaDieu as a senior wealth director in Dallas. LaDieu has more than 20 years’ experience in the industry. Before his latest role, LaDieu was a senior private banker at BBVA Compass for five years. 

Archer, which provides financial technology platforms for investment managers, added two vice presidents to its team - Christina Benoit and Fran McCartan concentrates on environmental, social and governance-themed investment, and other initiatives. Benoit, an investment middle office effectiveness consultant, joined Archer from Accenture to work with investment managers seeking effective business growth. McCartan, a FINRA license holder, joined from Buckingham Research Group where, as head of sales, he focused on delivering value-added research solutions to institutional investment firms. 

Raymond James appointed Horace Carter as co-head of the firm’s fixed income capital markets division. Carter previously served as managing director and head of the firm’s fixed income trading group. In his new role, Carter will work alongside head of fixed income capital markets Kevin Giddis to guide day-to-day management of the division’s sales, trading, research and underwriting operations, which support institutional and retail clients. Carter joined the firm in 2012 as part of the firm’s acquisition of Morgan Keegan, where he began his fixed income career in 1993.

Pure Portfolios appointed Ann Owen, CFA, as director of impact investing. She is responsible for developing the firm’s portfolios’ environmental, social and governance/impact investing platform. Owen has more than 30 years’ investment management and analysis industry experience. Prior to this role, she was a senior portfolio manager and senior vice president in US Bank’s Wealth Management division, and a senior portfolio manager at US Trust, Bank of America. Before joining US Trust, Owen was a portfolio manager at BMO Harris and Wells Fargo. She began her career at Yale University’s Endowment Fund, where she served as a financial analyst.

Envestnet, the US-based firm providing technology and data to wealth managers, said Anil Arora, chief executive of the Envestnet | Yodlee business was stepping down from the post. He remains at the firm, however. The firm made a number of other senior management changes.

Arora joined Yodlee in 2000, leading the firm from start-up to its initial public offering and Envestnet’s subsequent acquisition of the firm. Envestnet Wealth Solutions is led by CEO Bill Crager, and he will focus on innovation and market growth of the company’s wealth management solutions, which serve RIAs, independent broker dealers, banks and other financial institutions. Crager currently runs the company’s enterprise business. Envestnet Data & Analytics is led by Stuart DePina as CEO. DePina currently runs the company’s Tamarac business.

Casco Capital Management, a global private investment firm that plans to manage a real estate debt and equity fund, appointed Elliot Shirwo as a principal. His experience includes serving family offices. Shirwo has more than 20 years of experience serving real estate, finance, legal and family office clients. Prior to joining Casco, Shirwo founded and was principal of BridgeCore Capital, a private bridge lender, and had a nine-year career with Bolour Associates, a privately-owned real estate investment, development and finance company. At Bolour, he oversaw its private mortgage lending business and shared responsibility for the operational and investment activities of its family office.

Schwartz Investment Counsel, a firm advising about investments to Ave Maria Mutual Funds, named Adam P Gaglio as co-portfolio manager of the Ave Maria Rising Dividend Fund. Gaglio joined Schwartz Investment Counsel in 2013 and has been co-manager of the Ave Maria Bond Fund since January 2018. Prior to this, Gaglio was an actuarial analyst with Towers Watson.

Chicago-based accountancy firm Ostrow Reisin Berk & Abrams, opened a wealth advisory subsidiary. The business, called ORBA Wealth Advisors, is an independent registered investment advisor, with a team of tax and advisory professionals working with entrepreneurs, high net worth individuals and families. The team members are James Petitpren, II, executive private wealth advisor and chief investment officer; Luke Schillo, director of planning and portfolios; Alexandra Coquoz, private wealth analyst; Frank Washelesky, chief compliance officer; Steve Lewis, investment advisor representative; and James Pellino, CPA.

Raymond James hired Chris Meekins as its first healthcare policy research analyst. Based in Washington, DC, Meekins focuses his research on regulatory and policy issues that affect healthcare. Meekins has over seven years of experience working in Congress, most recently at the Department of Health and Human Services. Prior to these appointments, Meekins served as a deputy assistant secretary and chief of staff to the assistant secretary for preparedness and response within the Office of the Secretary at HHS. Before joining HHS in 2017, Meekins spent time as a research analyst at FBR Capital Markets & Co, covering healthcare policy, where he advised institutional investors on the impact of policy changes to their portfolio investments. 

Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, recruited David Misch as a managing director and member of its originations team. Misch is based in Los Angeles and is focused on sourcing new investment opportunities. Prior to joining LLCP, Misch was an MD and head of the Middle Market Financial Sponsors group for the West Coast for Wells Fargo Securities, where his primary responsibilities included providing investment banking, valuation and financial opinion services to private equity firms. 

Haber Investment Counsel, appointed Peg Hoogs, CFA, as senior wealth advisor, where she is responsible for managing ultra-high net worth relationships and consulting with clients on portfolio construction and manager selections. Hoogs is also a member of the CFA Institute and the Atlanta Society of Finance and Investment Professionals.

Vestmark, a US firm providing portfolio management and trading software and services, has named Rob Klapprodt as corporate strategy officer, a newly-minted position. He has been at the firm since it was launched in 2001.

US Trust, Bank of America Philanthropic Solutions Group appointed two individuals to serve non-profit institutions, endowments and foundations: Tim Hickey and Joseph Bui. Hickey was hired as a senior institutional sales director, reporting to Bernard Reidy, national philanthropic sales executive. Based in New York, he develops relationships and drives growth for the group in the Central North region. Hickey was previously a managing director at Commonfund Securities.

Joseph Bui, who re-joined US Trust as an institutional sales director, also reports to Reidy. He concentrates on the West region. With more than 18 years of experience, Joe joins from Fidelity Charitable, where he was VP of charitable planning, working with advisors in Southern California. He is based in Century City, California.

Citi Private Bank’s global head of investments, David Bailin, takes on the additional role of chief investment officer, while his colleague Steven Wietlin was made chief economist, adding to his role as chief investment strategist.

Heritage Retirement Plan Advisors, a subsidiary of Argent Financial Group, which provides services, including wealth management, appointed Ryan Barnett as vice president of retirement services. Barnett reports to Brad Knowles, managing director of Heritage Retirement Plan Advisors. Barnett will be responsible for managing fiduciary compliance and investment advisory services for employer-sponsored retirement plans. Prior to this, Barnett worked for five years at InvesTrust Retirement Specialists as the director of Retirement Services. He is also a registered Series 65 Investment Advisor Representative and a member of the Oklahoma Bar Association.

Vanderbilt Financial Group, the firm employing environmental, social and governance tests for driving investment, named Steve Howe as its chief compliance officer. Howe has worked with registered investment advisors, broker dealers, insurance, and corporate trust services. Previously, he was the director of operations and compliance at 3 Dimensional Wealth Advisory. He has a master’s degree from Boston University in environmental remote sensing and geographic information systems and a bachelor of science in forest management with an environmental science concentration from the University of Vermont. 

Caplin & Drysdale, the law firm, appointed Alison Egan as counsel, working primarily in the firm’s private client and international tax practice groups, assisting high net worth individuals and their families. Egan advises domestic and international clients on tax and estate planning, lifetime wealth transfers, and the administration of estates and trusts. Egan earned her law degree from Yale Law School, where she was managing editor of The Yale Law Journal. She graduated summa cum laude, Phi Beta Kappa from Harvard University with a degree in applied mathematics.

Cresset named Michael Deasey as regional managing director of the Midwest region of the US. Deasey leads the firm’s wealth management and family office business. He was joined by Joel Alberts, who was hired by Cresset to serve as client advisor for the Midwest region.

With more than 30 years’ experience in the sector, previously Deasey was managing director with Abbot Downing of Wells Fargo. He earned a bachelor of business administration degree from the University of Notre Dame and a Juris Doctor from William Mitchell College of Law. Alberts, meanwhile, was most recently a director with Abbot Downing of Wells Fargo. In addition to managing client relationships, he is experienced in working with closely-held business owners and addressing wealth transfer planning objectives.

Raymond James recruited William Hornung, CFP®, an advisor, to join its employee broker/dealer business. Hornung is based in Westlake, Ohio. He previously worked at Wells Fargo Advisors, where he managed about $140 million in client assets. Hornung has been in the financial services industry for over three decades, with the bulk of his career spent as an advisor at AG Edwards and, subsequently, Wells Fargo Advisors. Joining him at the firm was Kathleen Miller, senior registered client service associate. Together, they operate as Ethos Wealth Management of Raymond James, primarily serving families, individuals and healthcare professionals. Miller has more than 30 years of financial services industry experience, starting with AG Edwards in 1988 and remaining with the firm after its acquisition by Wachovia and Wells Fargo Advisors.


LGT appointed a senior Asia-based banker from BNP Paribas. Carolyn Tan, a former team head at BNP Paribas and a member of its offshore Taiwan team, joined the group. She had been at the French bank for nearly 12 years, only resigning recently.  Tan is based in Singapore and holds the title of managing director. Previous positions included those at ABN AMRO and DBS.

UBS Asset Management appointed Raymond Yin as head of China onshore and managing director. He is based in Shanghai. Yin leads the execution of UBS AM's China strategy, including expanding the firm’s onshore wholly foreign-owned enterprises. Yin reports to Rene Buehlmann, Head of Asia Pacific, UBS AM.

Sumitomo Mitsui Trust Asset Management appointed Akiyoshi Nagashima as chief investment officer, based in Tokyo. The appointment followed the restructure of SMTAM last October, when Sumitomo Mitsui Trust Group (SuMi TRUST) merged its retail and institutional asset management businesses. The new entity, SMTAM, became Asia’s largest asset management company, with over $550 billion assets under management (as of end of December 2018). Prior to his new role, Nagashima headed the equity investment department of Sumitomo Mitsui Trust Bank for over three years. He began his career at Sumitomo Trust & Banking in 1986, where he was responsible for asset-liability management, risk management and capital allocation of the bank’s proper account.

MFC Asset Management, Thailand's first mutual fund management company, named Dennis Chong-Boon Lim as its new president. Lim was previously the co-chief executive of Templeton Asset Management, a wholly-owned subsidiary of US-listed Franklin Resources. He has more than 25 years of experience in the fund management industry. Among his roles, Lim managed and co-managed more than $20 billion of emerging markets equity funds while at Templeton Asset Management. He was involved in turning the Templeton Emerging Markets Group into a prominent emerging markets player.

Eastspring Investments, the Asian investment management wing of UK-listed Prudential plc, appointed Wai-Kwong Seck as its chief executive, taking over from Guy Strapp, who is retiring after a 12-year stint at the firm. Strapp had been the CEO for the last six years and will remain in the business until April to ensure a smooth handover to Wai-Kwong.

Wai-Kwong has more than 30 years’ investment and senior management experience. He joins from State Street Bank & Trust Company, where he was the CEO of the Asia-Pacific region based in Hong Kong. He has worked across Asia and the US, spanning wealth and asset management in both the institutional and retail space, investment banking, M&A, business development, and the stock exchange. Prior to joining State Street in 2011, he was the chief financial officer of the Singapore Exchange for eight years. Previously he held senior-level positions in The Monetary Authority of Singapore, the Government of Singapore Investment Corporation, Lehman Brothers and DBS Bank.

VP Bank appointed senior private banking figure Reto Marx in Singapore with the newly-created role of head of client business. Marx reports to Bruno Morel, the bank’s chief executive of its Singapore operation. Marx is responsible for areas of private banking, intermediaries and investment advisory and treasury. Previously, Marx was in senior roles at Credit Suisse, Bank J Safra Sarasin (formerly Bank Sarasin-Rabo) and UBS Wealth Management, among others. Most recently he was chief executive and founder of Warisan Investment Partners, based in Zug, Switzerland. From May 2010 until December 2017 Marx was managing director and Asia-Pacific regional head – global financial intermediaries, at UBS Wealth Management.

EFG Bank’s branch in Hong Kong recruited Connie Hui as its new compliance head for North Asia. She joined from UBS where she held compliance leadership roles in its asset management business. Hui has been in private banking and asset management for more than 25 years. At UBS she was Asia-Pacific head of asset management compliance and operational risk control and group head of compliance and operational risk control in Hong Kong. She was head of private banking compliance for JP Morgan and prior to this, worked for Hong Kong’s Securities and Futures Commission.

Deutsche Bank Wealth Management appointed Wei Mei Tan as its head of advisory and investment solutions for Asia-Pacific. The role was a new one for the bank. A managing director based in Singapore, she is responsible for building the bank's wealth advisory platform. Wei Mei Tan works with the chief investment office and the discretionary portfolio management teams, and reports to Lavanya Chari, interim global head of global products and solutions. Tan joined from Credit Suisse where she had overseen its discretionary and advisory mandates as APAC head of portfolio solutions, products and solutions (private banking) since 2014. Prior to that, she was APAC head of mandate specialist, investment management at UBS.

BNP Paribas appointed ex-Credit Suisse and Julius Baer senior figure David Lim as co-head for Southeast Asia markets at its wealth management arm. He replaced David Koay who left the Paris-listed bank last year. Based in Singapore and reporting to Arnaud Tellier, head of wealth management, Southeast Asia, Lim is responsible for growing the ultra-high net worth client business in the region, with an emphasis on the Singapore and Malaysia markets. He works alongside Inge Kua, who has remained as co-head for Southeast Asia Markets with a specific focus on Indonesia. With almost 30 years of industry experience in the sector, Lim was most recently Credit Suisse’s vice chairman of private banking for Southeast Asia. Prior to that, he spent 11 years with Julius Baer where he held various senior positions including vice chairman Southeast Asia, head of private banking Southeast Asia and CEO for the Singapore branch.

Lumen Capital Investors, the Singapore-based multi-family office, appointed former UBS Asset Management senior executive Michael Chin as vice chairman. Chin was Singapore chief executive at UBS Asset Management - a position he held since 2015 - and chaired the Swiss group’s Hong Kong and Singapore management and risk committees. Chin was also chief executive of UBS Hana Asset Management - a joint venture between UBS and South Korea-based Hana Financial Group. Chin had been at UBS since 1997. Lumen also appointed Elsie Chua as senior associate, who previously worked at EFG Bank, where she was an assistant vice president and customer service officer. Prior to this, Chua worked at Banque Internationale à Luxembourg and Coutts.

HSBC Private Banking confirmed that it recently hired Gary Goh as a desk head with its Singapore team. Goh reports to Chow Shang Wei, market head, Singapore. He has 21 years of private banking experience; most recently he was market head with Standard Chartered, and he has also worked for UBS, Credit Suisse and Citigroup.

State Street, the US-based financial services group, named Ian Martin as Asia-Pacific head, adding to his existing role as head of global services for the region. Martin took over from Wai-Kwong Seck who, after eight years in the role, decided to pursue other opportunities closer to his home town of Singapore. Martin, a 25-year State Street veteran, has been in several leadership roles across the firm and in multiple locations in the region. He continues to be based in Hong Kong and reports to Andrew Erickson, head of global services worldwide.

HP Wealth Management, the Singapore-based independent asset manager/multi-family office, appointed former UBS senior manager Rosemary Liang to join its private markets area. At UBS, Liang was part of the direct investments and corporate finance team for more than seven years. Prior to that, she had stints with CIMB Group and DBS Bank Taiwan. She works with Jose Camacho, leader of the firm’s private market group.

Bank J Safra Sarasin appointed Angie Ma as managing director and vice chair, client advisory, reporting to Enid Yip, chief executive, Asia. Based in Hong Kong, Ma has more than 20 years’ experience in private banking, predominantly focused on the Hong Kong and China markets. Ma previously worked at Credit Suisse Private Bank in Hong Kong where she was a managing director and market leader, China, starting in 2014. Prior to that, she spent eight years at UBS in Hong Kong developing and leading a large team as a managing director and China South country team head from 2006 to 2014.

Raffles Family Office, the Hong Kong-based organisation, added three people to its investment committee.

Benn Ng was recruited by the multi-family office as managing director and head of Southeast Asia. He was previously head of foreign exchange at Indosuez Wealth Management and is located in Singapore.

Desmond Cheung and Lawrence Chan were named senior portfolio managers for equities and fixed income.

Cheung was hired by Raffles’ Hong Kong unit. Before this, he was an equity portfolio manager at BlackRock, and also worked at Hang Seng Bank. Chan, who is based in Hong Kong, previously worked at Taiping Assets Management (Hong Kong) as chief investment officer, fixed income.

BNP Paribas Wealth Management appointed Philip Wong and Andrew Wong as co-heads of the China market business, splitting the role between them. It was previously handled by Alfred Tsai, who joined Swiss private bank Union Bancaire Privée.

The managers are based in Hong Kong and report to Andy Chai, head of Greater China Markets. They are responsible for formulating and implementing the bank’s China growth strategy, capturing its high net worth, ultra-high net worth and “mega-wealth” client groups.

Philip Wong has more than 25 years of experience in private and corporate banking. Prior to the appointment, he held a long tenure of 13 years with HSBC Private Bank where his last position was managing director and head of China market.

Andrew Wong joined from Credit Suisse last September and was most recently a market leader for China. He has more than 20 years’ experience in senior relationship management and market leadership roles.

Singapore’s Fullerton Fund Management announced that Mark Yuen had joined as chief business development officer, while Tan Huck Khim joined as head of private equity. Yuen reports to Fullerton’s CEO Jenny Sofian. Yuen came from Eastspring Investments where he headed institutional sales and client management, and was responsible for business development for the region's institutional investors. Prior to that, he was business development lead at Robeco Hong Kong, and also led sales for South East Asia at Credit Agricole Asset Management.

The second strategic hire for the firm, Huck Khim, heads private equity efforts managing the firm’s PE portfolios.

Merian Global Investors the asset management firm, hired Edward Ho as head of sales in Hong Kong. Ho is a 20-year finance sector veteran, who has been in senior management, sales, and product-structuring roles at a number of investment banks. From 2008 to 2015, he was managing director and global head of equity derivatives and intermediary sales at Standard Chartered. Before that he spent several years building an equities derivatives business for Bear Stearns in Asia, and started out at Lehman Brothers in New York in 1995. He reports to managing director of distribution Warren Tonkinson, who is based in London.