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Summary Of Global Wealth Management Executive Moves – December 2023

Editorial Staff

9 April 2024

The Association of the Luxembourg Fund Industry appointed senior European private banking industry figure Serge Weyland as the new director general of ALFI. He succeeded Camille Thommes, who had been in the post since 2007. ALFI also appointed Emmanuel Gutton, director of legal and tax, as deputy director general with immediate effect.

From 2010 to 2014, Weyland was head of regional coverage North America and UK at CACEIS Bank Luxembourg, and between 2014 to 2017, head of financial institutions at Banque Internationale à Luxembourg. Prior to joining ALFI, Weyland was CEO at Edmond de Rothschild Asset Management (Luxembourg).

JM Finn appointed Louise Hall, Vincent Camerlynck and Christophe Maters as independent non-executive directors (NEDs) to join the board. Hall fulfilled a number of roles during that period at Investec Wealth & Investment.

Camerlynck is an experienced independent non-executive director, whose mandates include Capfi Delen Asset Management. Camerlynck joined BNP Paribas Asset Management in 2005 as a member of the Group Exco and global head of business development. Maters, who joined Ackermans & van Haaren as an investment director in May 2023, worked at Bain & Company, Qatar National Bank and Quintet Private Bank. 

UK-based Liontrust appointed Kristian Cook as head of UK distribution. He reports to Ian Chimes, head of global distribution. Cook joined Liontrust in March 2018. 

AXA Investment Managers appointed Matthieu Ducharme as head of private equity secondaries at AXA IM Prime. Based in London, Ducharme reports to Peter Ischebeck, head of private equity at AXA IM Prime.

SAM Excel, the Zurich-based external asset management firm, appointed private banking figure Peter Albinsson as its new chief executive. Albinsson’s most recent role was at NPB Neue Privat Bank AG, where he was a member of the executive board and the deputy chief executive and head of international private banking and ultra-high net worth clients. 

Nucleus Financial Platforms appointed a new chief financial officer, Alexander Filshie. He took over from Mike Regan, who was named chief commercial officer. Prior to Nucleus, he was CFO for three years at Kensington Mortgages, a specialist lender. Prior to that, Filshie was chief financial officer at Visa Payments.  

Boies Schiller Flexner, the law firm that advises high net worth individuals among its clientele, opened an office in Rome. Natalia Bagnato and Simone Grassi joined the new office as partners. 

Brown Advisory appointed three individuals to join its international advisory board: Sian Westerman, Jasmine Whitbread and Sir Robin Niblett.

DWS Group appointed Rafael Otero as chief operating officer, replacing Angela Maragkopoulou. Otero, who reports to chief financial officer Markus Kobler, was formerly at Deutsche Bank, where he most recently served as chief information technology officer and chief product officer for the corporate bank. Björn Jesch, global chief investment officer at DWS, decided to introduce regional chief investment officers in Western Europe and APAC. Vera Fehling and Ivy Ng took on these roles. Fehling joined DWS in 2011 as a portfolio manager in the Euro IG Credit Team. Ng joined the firm in 2013.

Sarasin & Partners added two senior investment professionals to its team. Multi-asset fund manager Alastair Baker moved to Sarasin & Partners to work with Guy Monson, chief market strategist and senior partner, on the management of Sarasin’s Target Return strategies. Baker has 14 years’ investment experience in building and managing multi-asset investment solutions. 

The firm added two investment professionals. Edward Lloyd, appointed as a senior investment manager, previously spent six years at Quilter Cheviot. Jack Brodie joined the Sarasin Bread Street team as an investment analyst. Brodie was previously at Cabot Credit Management and Boston Consulting Group.

Cédric Phounpadith joined the asset management team as head of investment risk. Phounpadith, who has 13 years of risk management experience across all asset classes, was in Paris with HSBC Global Asset Management.

BCB Group, a provider of business accounts and trading services for the digital asset economy, appointed Jerome Prigent as managing director of BCB Europe. Prigent’s previous roles include cash director at GM France. He has also held positions in directorships at Orwell Group, Ferratum Group, GE Capital, Isodev, DeCA Propreté and BNP Paribas.

UK private bank Hampden & Co appointed Claire Mann as head of client proposition, a new role for the firm. She reports to Andrew Bell, chief commercial officer at the bank. Mann was previously the senior operations and programme manager at Handelsbanken responsible for the design, implementation and management of CRM. 

Trading platform appointed industry veteran, John Austin as its chief strategy officer. Austin has more than two decades of experience in the derivatives trading and brokerage space, most notably as a senior executive of IG Group. More recently he served as chief strategy officer at LMAX Group.

Evelyn Partners appointed Bindesh Sajvani as the group chief risk officer. Sajvani was formerly the global chief risk officer at Pendal Group, the owner of J O Hambro Capital Management. 

Maples and Calder, the Maples Group's law firm, appointed Chris Newton as the new managing partner of its British Virgin Islands office. Newton succeeded Richard May, who retired after almost 13 years of service, eight of which he spent as the BVI managing partner.

ImpactA Global, a women-led emerging markets impact investment firm, appointed Antonio Garate Martin as head of asset management, and Gregory Sachin and Laurence Monnier as independent investment committee members.

London-based, Martin leads the management of the loan portfolio. Martin was previously a portfolio manager in the infrastructure debt team at Allianz Global Investors. Saichin, who has over 30 years of experience in credit and EM debt asset management, was most recently head of emerging markets fixed income at Allianz Global Investors. Monnier is an infrastructure and credit expert with over 30 years of investment and risk management expertise in banks, rating agencies and asset managers. 

Zurich-headquartered Lindemann Law appointed Raphael Züger, as attorney-at-law and public notary. 

7IM, the UK-based wealth and investment firm, appointed Ben Covey as managing director of its private client business. Covey’s appointment followed the decision by Colin Rowe to leave the business at the end of March after three years in the role. Covey worked at groups such as Barclays Wealth and most recently, Santander Private Banking, where he was MD.

Financial services group GSB named Jon Urquhart as managing partner and co-head of GSB Private in the UK. Urquhart spent 18 years in financial services, most recently as director of mortgages at Mantra Group.

Welrex, the UK-based wealth management house, appointed former BNY Mellon/Pershing treasurer (for the EMEA region), Geoff Carpenter as chief financial officer. 

Fidelity International made two senior appointments in its private assets team. Chantale Pelletier, global head of infrastructure equity investments, is responsible for leading the development of Fidelity’s infrastructure strategy. Pelletier is based in London and reports to Andrew McCaffery, global CIO. 

Emma Haight, formerly from Ares Management, became head of infrastructure debt. Haight is based in London and reports to Michael Curtis, head of private credit strategies.

LCM Partners appointed Julian Schiller as a managing director and head of capital solutions in its senior management team. Schiller previously worked at Brookfield and JLL. 

Financial services group GSB appointed Nigel Gregory as global head of GSB Capital and Christopher Somers as a senior partner in GSB Private’s banking team. They are based in Dubai.

Accuro, the trust and private office company, promoted eight colleagues across its Jersey, Switzerland, and Mauritius offices. It also made two senior appointments. Senior promotions included Una Smith who took on the role of client services director in Jersey and Stephen Weaver who was appointed as head of client accounting for Swiss operations in Geneva.

The other promotions were Dave Ferre (senior client accountant – Jersey), Joanna Cesa (senior compliance officer – Mauritius), Julie-Ann Doyle (senior relationship manager – Jersey), Sophia Brown (relationship manager – Jersey), Alison Smith (relationship manager – Switzerland), and Natalia Kalyuzhnaya (trust administrator – Jersey). Mustafa Hussain, managing director for London, and Accuro board member, took on new responsibilities including the role of board chair. Alex Petrie was elevated to the position of chief risk officer for the Accuro Group.

Davies Consulting Division, formerly known as Sionic, appointed Eoin Gill as global relationship manager and partner. Most recently, Gill served as a managing director at BNY Mellon within its asset servicing and digital business.

Invesco appointed Hamid Asseffar as head of EMEA sustainable and impact investing – distribution. Previously, Asseffar was head of asset managers, ETFs and indexed strategies, UK, at Invesco.

Ostrum Asset Management named Olivier Houix as chief executive officer, to replace Philippe Setbon. Setbon was appointed chief executive officer of Natixis Investment Managers, in charge of asset and wealth management for Groupe BPCE. Setbon succeeded Tim Ryan, who left the group. 

GSB appointed Craig Ritchie as a partner. Ritchie, who is a chartered financial planner, looks after clients in the UK, Europe, the Middle East and Asia. He worked in the pensions industry in Edinburgh.

Adam & Company, a specialist Scottish wealth management firm and Canaccord Genuity Wealth Management, appointed wealth planner Kevin Motion. Prior to Adam & Company, Motion worked for abrdn.

Quilter appointed Paul Canning in the new role of business development manager for London and the South-East. Canning previously spent 17 years at abrdn where, most recently, he was a strategic relationship director. 

North America

Toronto-listed CI Financial said Darie Urbanky, president, chief operating officer and head of CI Global Asset Management, decided to retire at the end of 2024. From January 1, Marc-André Lewis, chief investment officer of CI GAM, assumed the role of co-head of CI GAM. Lewis retained his responsibilities as CIO. Urbanky joined CI in 1996 in its information technology department, where he spent 20 years in progressively more senior roles before being named chief technology officer in 2016. He was promoted to COO in 2018 and named president in 2019.

Wellesley Asset Management, a US-registered investment advisor, appointed David Clott. He helps to run Wellesley’s line of convertible bond products, and develop new ones. An investment professional with 30 years of experience, Clott’s convertible bond investing experience began in the mid 1990s as an analyst at Phoenix Investments. In 2005 he founded the Morley (Aviva) Convertible Arbitrage hedge fund and in 2009 he founded the Aviva Investors Global Convertible Absolute Return fund.

Raymond James welcomed financial advisors Keith Bryant, Christopher Bryant and Carissa Henderson to its employee advisor channel in Denver, Colorado. The father-son-daughter advisor team operates as Bryant Wealth Management of Raymond James and is joined by senior registered client service associates Liza DePinto and Becky Jones. The advisors previously managed about $340 million in client assets at RBC Capital Markets.

Pacific Oak Capital Markets, which distributes alternative investments, appointed financial services industry veteran Elijah Davis as senior regional vice president. Davis builds and maintains relationships with financial intermediaries throughout Arizona, Colorado, Nebraska, New Mexico and Utah. Prior to joining Pacific Oak, Davis served as a wholesaler at Urban Catalyst where he developed strategies to achieve assigned sales quotas, among other responsibilities. 

Vanguard, the US asset management giant, said Tom Rampulla, managing director and head of Vanguard’s Financial Advisor Services division, was leaving the business after 35 years of service to the firm. Amma Boateng, head of the broker-dealer channel within FAS, joined Vanguard’s senior leadership team and became head of the division. Rampulla became FAS head in 2015. Before the FAS role, Rampulla served as the first head of Vanguard’s UK and European operations from 2008 to 2015. 

Key Family Wealth, the multi-family office division of Key Wealth – part of Ohio-headquartered KeyCorp – appointed Brian Hrabak as investment consultant. Hrabak is responsible for delivering custom investment solutions for ultra-high net worth clients in the firm’s Central Region. Hrabak is based in Cleveland and reports to Joe Stone, national managing director of Key Family Wealth Investments. Prior to this role, Hrabak was a senior managing director at Clearstead Advisors.

RIA Savvy Advisors appointed Jacob DuBose as a wealth manager. DuBose previously worked at Empower (previously called Personal Capital), where he led a team that managed more than $425 million in assets for nearly 300 high net worth individuals and families, business owners and trusts. 

Cetera Financial Group appointed Nicholas Bair to Cetera Advisors via Wilde Wealth Management Group. He leads Wilde Wealth Management Group's new Sun City-Surprise office in Surprise, Arizona.

MFS Investment Management appointed Edward M Maloney as chief executive officer, effective January 1, 2025. He will succeed  and report to Michael Roberge, who will assume the role of executive chair. 

Raymond James welcomed financial advisor Michael Kennedy to its independent advisor channel. Kennedy, who founded Horizon Wealth Planning, was joined by client service associate Renee Blackwelder at the team’s office in Winter Haven, Florida. Kennedy began his career in financial services in 2009 and spent 14 years at Edward Jones. 

Transatlantic multi-family office AlTi appointed senior wealth industry figure Richard Joyner as a senior advisor to its wealth business in Dallas. Joyner has more than three decades of experience in the sector. Previously, he spent more than 20 years at Tolleson Wealth Management, where he was responsible for leading the strategy of its private wealth management group. He has also served in financial advisory roles at Ernst & Young, PwC and KPMG, and is an alumnus of Wake Forest University where he studied accounting.

Pritzker Private Capital promoted David Gau and Brad West. Gau was named president in addition to his role of operations head. West was named chief operating officer, in addition to his roles as general counsel and chief compliance officer. 

Mesirow, the RIA, appointed Rebecca Solomon as an estate planning specialist in its wealth management group. Solomon has more than 25 years of experience in advanced estate planning and business succession advice to the team. Before this, she served as a vice president at The Nautilus Group, a membership-based service for New York Life financial professionals. 

KKR, aka Kohlberg Kravis Roberts, the US investments group, appointed Dane E Holmes as chief administrative officer. Before this, Holmes was a member of KKR’s board of directors, a role he had served in since March 2021. However, because of his new duties, Holmes resigned from his board seat.

Fiduciary Trust International appointed Gene Todd as president, adding to his role of regional markets head. The US firm also widened the remit of the following members of its leadership team: Leslie Gillin Bohner appointed general trust counsel in addition to her role as chief fiduciary officer; and Craig S Richards was appointed chief operating officer in addition to his role as chief administrative officer and head of tax.

Horter Investment Management, a US registered investment advisory firm based in Cincinnati, Ohio, appointed Keith Schmidt as president. Schmidt worked at Zions Bank, and has a wealth management background spanning 25 years.

Alphastar Capital Management, the RIA founded in 2011, appointed Paul Stetz as its new president. Stetz brings more than three decades’ experience to the role. 

Raymond James welcomed financial advisors Pam Mitchell and Vijay Baxter to its employee advisor channel. Mitchell joined from UBS, where she managed about $230 million in client assets. She leads Mitchell Financial Planning of Raymond James in Naples, Florida and was joined by practice business manager Charissa Konz. 

Financial advisor F Pat Cunnane joined the independent channel of Ameriprise Financial from LPL Financial where he managed about $733 million in client assets. Cunnane joined Fidant Wealth Partners, an established Ameriprise practice led by Ameriprise private wealth advisor Doug Kisker.

Dynasty Financial Partners partnered with PUREfi Wealth, a new RIA headquartered in Boston. PUREfi Wealth, which was registered in October, is led by industry veteran Paul M Simons. Simons began his career at Merrill Lynch, where he spent 18 years, went on to lead the private wealth business at Credit Suisse as co-head of private banking USA, and in 2018 joined Boston Private as president where he led the private banking, wealth and trust business until the firm’s 2021 acquisition by Silicon Valley Bank., the real estate planning platform, appointed Jamie Hopkins as a strategic advisor. Hopkins serves as senior vice president of private wealth management at Bryn Mawr Trust. He is also chief executive of Bryn Mawr Capital Management.

Raymond James welcomed financial advisor Jeffrey D Olsen to its employee advisor channel in Roseville, California. Olsen, who was formerly at Morgan Stanley, where he managed approximately $197 million in client assets, is supported by senior client service associate Jennifer Goldsby. The team, which works as Olsen Wealth Management of Raymond James, serves clients in California and Texas.

MSCI Inc appointed Jana Haines as head of index and a member of MSCI’s executive committee. Based in New York, Haines is responsible for the strategic development and execution of MSCI’s global Index product line. Haines served in a variety of senior leadership roles at MSCI from 2006 to 2021. Most recently, she served as head of index product for Americas and EMEA, and global head of fixed income indexes. 

“Jana’s extensive expertise in the global financial industry will be critical to MSCI building an even deeper understanding of our clients’ evolving needs for indexes that help them build better portfolios and develop investible financial products,” Baer Pettit, president and chief operating officer of MSCI. said.

Canada’s Wellington-Altus appointed Andrew Marsh to join its board of directors. Marsh has more than 30 years’ financial-industry leadership experience. His track record includes 17 years at Richardson Wealth (formerly Richardson GMP). Marsh is also vice chairman at Dynasty Financial Partners.

Private equity firm Gaw Capital Partners appointed Oliver Yates as head of Australia. Yates is a veteran senior executive of Macquarie Group.

Nikko Asset Management added three figures to its global ESG team, based in Singapore. The joiners – Sheela Veerappan, Bhaveer Shah and Alexandre Tessier – report to Natalia Rajewska, global head of sustainable development. Veerappan, who is global ESG integration lead, has a background of 15 years in sustainable investment. 

Shah, who is Nikko AM’s global environmental lead, was previously vice president, applied climate and ESG investment research at MSCI. Tessier, an ESG regulations specialist, worked at a Europe-based asset management house.

RBC Wealth Management appointed Rod Ireland as head of wealth management for Asia; this added to his existing job as head of APAC global markets. Ireland was appointed interim head of wealth management for Asia in August, filling a spot left by Terence Chow who left the Canadian bank. Joining RBC in 1998, Ireland was appointed head of the Australian business in 2013. He relocated to Asia in 2017 to lead RBC’s global markets business in APAC.

BlackRock named Stephen Allan as head of Australasia Private Credit. Allan, who is based in Sydney, has almost 20 years’ experience in credit deal origination and sourcing. Previously he worked at Nomura.

EFG Bank hired several client relationship officers (CROs) for its team in Hong Kong. The Greater China team is led by Philip Cheung, Greater China market group head:

-- Steven Li, who has almost 15 years of industry experience with a focus on Greater China. He was formerly at CICC, where he spent more than 10 years.
-- Melissa Lau, who has more than 20 years of wealth management experience, was previously a director at Credit Suisse. 
-- Sarah Tan has almost 25 years’ private banking experience, serving high net worth clients in Greater China. She joined from Credit Suisse, where she was most recently a director.
-- Karson Chu, who has over 15 years of wealth management experience, specialises in financial solutions, financial planning, and client portfolio management. Most recently, Chu worked for Credit Suisse.
-- Elsie Wang has served UHNW clients in the Greater China market. She previously worked for financial institutions in Asia including Credit Suisse, Bank of Singapore, and Julius Baer.

Other changes:
-- Loretta Chim, who has 17 years of private banking experience, joined from Credit Suisse.
-- Flora So has almost 30 years of private banking experience. She previously worked at BNP Paribas.
-- Daphne Chen, who has over 15 years of experience in private banking, focuses on delivering wealth management solutions to entrepreneurs and UHNW clients in the Hong Kong market. Chen joined from Bank of Singapore.

Ostrum Asset Management, an affiliate firm of Natixis Investment Managers, appointed a new CEO, Olivier Houix, to take over from Philippe Setbon, who became CEO of Natixis IM and is in charge of asset and wealth management for Groupe BPCE. Houix reports to Philippe Setbon.

JP Morgan Asset Management appointed Ayaz Ebrahim as Singapore and Southeast Asia chief executive. He took over from Sherene Ban, who moved to Europe to become head of Continental Europe Institutional, the asset management business, part of JP Morgan. 

Ebrahim is a portfolio manager and co-head of the Asia-Pacific regional team within emerging markets and APAC equities (EMAP). He reports to Dan Watkins, APAC chief executive, and Anuj Arora, head of EMAP equities team, JP Morgan Asset Management. He joined the firm in 2015. 

Sun Life Singapore appointed Christopher Albrecht as its new chief executive. The previous CEO was Belinda Au, who moved to Chubb Life Hong Kong. Albrecht is based in Singapore and reports to Karim Gilani, president, Greater China, Singapore, and International High Net Worth, Sun Life Financial. He has more than 25 years’ experience in the industry sector.

EFG Bank made three senior hires for its Asia-Pacific business. Christina Wong joined the bank as a senior client partner based in Hong Kong. Jane Li was named as the new market head for Greater China (“ultra clients”) and Ian Campbell was named as the new regional head of credit and head of risk for Hong Kong. 

Julius Baer promoted Josephine Wang to group head for Greater China. Rocky Mak took on a new role as team head for Greater China. Andrew Lam joined as team head for Greater China, reporting to Salina Cheung, group head of Greater China.

Wang reports to David Shick, the head of Greater China and Hong Kong branch manager. She has more than 25 years’ experience mainly serving Greater China clients.

Mak, who joined Julius Baer in 2016, has more than 10 years of relationship management and investment advisory experience. He reports to Edward Chow, the group head for Greater China. Lam joined Julius Baer with more than two decades of experience in the Greater China market. 

Sun Hung Kai & Co, the Hong Kong-based alternative investment firm, appointed Tony Edwards as its new deputy chief executive. He took over from Simon Chow, the ex-deputy CEO who retired this year. Edwards reports to the chairman Seng Huang Lee.

Edwards started his career in the 1990s, and went on to work at firms including AllianceBernstein, Neuberger Berman, Robeco and Arisaig Partners. He was the CEO of Robeco Asia-Pacific and the chief operating officer of Arisaig Partners.

Bank of Singapore appointed Shovit Sahai as head of product management group. Sahai reports functionally to Vivienne Chia, head of Investment Advisory Solutions and Alternative Investments and Managed Solutions (based in Singapore) and locally to Ranjit Khana, global head, Middle East chief executive, DIFC branch, for alignment of the Middle East strategy and governance. Previously, Sahai worked at BNP Paribas in Singapore.

Sumitomo Mitsui Banking Corporation appointed Sandeep Chopra as head of corporate coverage in India. Chopra is based in Mumbai. He reports to Rakesh Garg, chief business officer of SMBC India. Chopra has worked at firms including DBS Bank India and Royal Bank of Scotland (now NatWest Group).

Allianz Global Investors named Anand Gupta as lead portfolio manager. Based in Singapore, Gupta reports to Raymond Chan, chief investment officer for equity, Asia-Pacific. Before this role, Gupta led Eastspring Investments’ India Growth Equity team for more than 10 years. 

Bank of Singapore appointed former Credit Suisse figure Rickie Chan as private banking head for Greater China. BoS also named Teresa Lee, who is head of Greater of China, Hong Kong branch, as vice chair for Greater China. 

Sun Life appointed Patrick Wei as chief distribution officer, Asia. Wei has more than 30 years of experience in insurance distribution in Asia.