Daily News Analysis
UBS Intensifies Its Commitment To Brazil With New CEO Hire From HSBC
21 May 2013
UBS has appointed Sylvia Coutinho as chief executive of UBS Group Brazil, effective when current CEO Lywal Salles retires on June 24. Coutinho was previously head of retail banking and wealth management for Latin America and asset management for the Americas at HSBC . She has also worked in a number of other senior Americas-based roles at that firm - primarily in wealth management, private banking and asset management.
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Peapack-Gladstone Hires From Wilmington Trust For New Jersey Private Banking Office
21 May 2013
Peapack-Gladstone Bank is opening a private banking office in Princeton, NJ, this month, in an expansion of its wealth management business. As part of its move into the region, the bank has hired Sean Murray from Wilmington Trust . At Wilmington, Murray ran wealth advisory services in the New Jersey market, as market executive.
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Janney Hires Wealth Management Executive From Morgan Stanley In Delaware
21 May 2013
Philadelphia, PA-headquartered Janney Montgomery Scott has appointed industry veteran Randall Renneisen as an executive vice president of wealth management in Greenville, DE. Renneisen, who oversees about $195 million in client assets, is joined by vice president of wealth management Robert Fischer and registered private client assistant Susan McDermott . Together they will form The Renneisen Group.
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HighTower Eyes More Expansion With Financing Round, Hires
21 May 2013
HighTower, the advisor-owned firm, has expanded its partnership development team with two hires, along with completing a round of financing for growth. Thomas Brown and Frank Epinger have joined the firm as executive directors and relationship managers for the East and West coasts respectively . Brown, who is based in New York, co-founded Black Valley Consulting, a coaching and consulting firm for advisors.
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New CEO Takes Over At National Financial Partners
21 May 2013
National Financial Partners, which provides insurance and wealth management services, has appointed a new chief executive in the shape of Douglas Hammond. Hammond, who has been the firm’s president and chief operating officer until now, replaces Jessica Bibliowicz . Hammond has served as COO since 2008, and was named president in 2012.
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Advisors Missing Opportunities By Focusing Innovation On Current Clients - Fidelity
21 May 2013
Financial advisors that are focusing their innovation strategies on their current customer base, rather than the next generation of investors, may be missing out on potential future business, according to a new survey by Fidelity Investments. Fidelity polled 104 broker-dealers and financial advisors in April at its annual "Executive Forum" client event and found that most firms were concentrating on their current client base . Two-thirds of executives polled said their innovation strategies were most influenced by Baby Boomers, whilst under a quarter (23 per cent) said they focused on Generation X (ages 34-48) and Generation Y (ages 18-33).
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CIBC Global Asset Management Names Chief Investment Officer
20 May 2013
Canada-based CIBC Global Asset Management has made two senior appointments, including a chief investment officer, to strengthen its portfolio management team. Suzann Pennington has been appointed managing director and CIO, while Stephen Carlin starts as a vice president and senior portfolio manager for Canadian equities . Pennington will oversee all of CGAM’s portfolio management and research efforts, but will remain as head of equities and continue to manage the Canadian all-cap mandate, the firm said.
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Deutsche Bank Unveils Hedged German Equity ETF To US Investors
20 May 2013
Deutsche Asset & Wealth Management has added the NYSE-listed MSCI Germany Hedged Equity Fund to its db X-trackers platform, effective May 31. The exchange-traded fund is designed to provide investors with direct exposure to the German equity markets while mitigating exposure to fluctuations between the value of the US dollar and the euro, Deutsche Bank said . “US investors are looking for products with built-in protection against fluctuations between the dollar and non-US currencies that also provide pure exposure to equity markets.
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First Mid-Illinois Bank & Trust Names New Senior VP, Regional President
20 May 2013
First Mid-Illinois Bank & Trust has hired Brad Rench as senior vice president and regional president, succeeding Gordon Smith who is retiring later this year. Smith, who became senior vice president and regional president for the Metro East region in 2001, will remain part of the team, focusing on business development for the firm . In his new role, Rench will manage the banking operations of the Metro East market, responsible for growing business lines including commercial and personal banking, trust and wealth management, and insurance.
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BMO Global Asset Management Makes Senior Hires In Chicago, Las Vegas
20 May 2013
BMO Global Asset Management has hired Don Borschel as director of national accounts in Chicago, IL, while Jeff Cole rejoins the firm as a relationship coordinator for BMO Taft-Hartley Services in Las Vegas, NV. Borschel will join the intermediary distribution team, responsible for distributing BMO Global Asset Management investment strategies and BMO Funds to the bank channel and various broker-dealer platforms . Meanwhile, as part of the original team that established BMO’s Taft-Hartley Services business line in 2002, Cole rejoins as a relationship coordinator with over 25 years of experience in the financial services industry.
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News and Features
Latest News
New CEO Takes Over At National Financial Partners
Advisors Missing Opportunities By Focusing Innovation On Current Clients - Fidelity
HighTower Eyes More Expansion With Financing Round, Hires
Peapack-Gladstone Hires From Wilmington Trust For New Jersey Private Banking Office
UBS Intensifies Its Commitment To Brazil With New CEO Hire From HSBC
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
Wealthy Individuals' Financial Plans At Risk Amid False Sense Of Security - Survey
US Trust has identified a “disconnect” between goals and proactive wealth planning on a number of concerns including health, retirement, succession and life values.
Eliane Chavagnon
21 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
