Gibraltar Private Bank appointed Jonathan Hill as investment strategy specialist for its Coral Gables, Florida headquarters.

Hill previously served as a trader analyst with the Federal Reserve Bank of New York's treasury market policy group and cross market monitoring group. Prior to that, he was a trader and junior fund manager at BAC Florida Investments in Miami and an analyst at ABN AMRO in London and New York. At his new role, he will be working within the bank's wealth management division.

Founders Financial Network added financial advisory veteran Jovita Honor to its growing San Francisco Bay Area team.

Honor joined from Prialta Advisors where she served as founding principal. In her new capacity, she will be divided between the firm's Cupertino and Palo Alto branches, with a focus on women with special tax complexities, such as a divorce or a company liquidity event.

Boston Private Bank & Trust Company appointed Thomas Anderson as senior vice president and chief investment officer. Anderson latterly worked at State Street Global Advisors, where he was vice president, global head of ETF strategy and research.

He joined the investment management and trust team at Boston Private, charged with researching strategic investment opportunities for both individual and institutional clients.

Fieldpoint Private Bank appointed John Palazzetti as director of private banking and advisory.

Palazzetti previously served as managing director and director of professional development at Morgan Stanley Smith Barney. In his new role, he will oversee the firm's branch expansion and recruitment initiatives for the private banking, wealth management, business banking, family office, and trust services divisions. In addition, he will also serve as president of Fieldpoint Private Securities, which is currently in transition following its takeover of broker-dealer Nutmeg Securities in June.

First Republic Bank named Dale Smith as a managing director at its San Diego office.

Prior to First Republic, he was with Wells Fargo Private Mortgage Bank as vice president and branch manager in San Diego.

UBS added two advisors with a combined production of $1.2 million and assets of $100 million to its Wealth Management Americas business. Howard Leon and Anthony Mazzo transferred to UBS' Boca Raton office from Oppenheimer, reporting to Michael Ludwig, the branch manager.

Bob Moore will leave his post as managing director of the Butterfield operations in Guernsey to lead the development of the firm’s international trust business.

As executive vice president and head of group trust, Moore will oversee the group’s expansion in the field from its six jurisdictional offices in Bermuda, The Bahamas, Cayman, Guernsey, Switzerland and the international private office in London.

Moore’s former deputy, John Robinson, takes over his responsibilities at Butterfield Bank in Guernsey. Robinson, who is chairman of the Association of Guernsey Banks, joined the firm in 2001 from CIBC.

US Bank appointed Kurt Silberstein as managing director of alternative investments for Ascent Private Capital Management, its unit for clients with over $25 million in investible assets.

In this role Silberstein will head up Ascent’s alternative investment team, which sources, researches, and provides due diligence for alternative investments such as hedge funds, private equity, venture capital, real estate, and other structures. He is also charged with building the team.

He joins from California Public Employees Retirement System, where he was senior portfolio manager for global equities, and will report to Dan Rauchle, Ascent's chief investment officer.

Manulife Asset Management added to its equity capabilities with a new US large-cap growth team based in Charlotte, North Carolina.

The four-strong group of investment managers will be led by Shannon Reid, senior managing director and senior portfolio manager. He latterly held a similar position at the strategic large-cap growth equity team at Wells Capital Management, which he joined when it acquired Evergreen Investments in 2009.

Joining him are three portfolio managers who have worked with him for over ten years: Jay Zelko, David Chow and Curtis Ifill. Like Reid, they all joined Wells Capital after the purchase of Evergreen Investments, where Zelko started in the late 80s and Chow and Ifill in the mid-90s.

HSBC Private Bank appointed Cecilia Smith - latterly of BNY Mellon - as senior vice president and relationship manager.

Smith is based in Miami and will be responsible for the bank's high net worth clientele in the South Florida area. She joins from BNY Mellon, where she served as senior director in the wealth management division. Prior to that, she held various key positions in the high net worth segment of Wachovia Bank. At HSBC, she reports to Victoria Garrigo, southeast regional manager of HSBC Private Bank.

Raymond James hired a team of high net worth advisors with over $500 million in assets.

Effective immediately, Thomas Seiler and Patrick Seiler become part of the company's Newton, Pennsylvania operations. Thomas started out at Merrill Lynch in 1990 before joining Smith Barney in 2005, while Patrick began with AG Edwards in 1995 and then to Merrill Lynch. The two transitioned to Smith Barney together, where they focused on high net worth clients and their families.

In their new posts they will be working closely with Ryan Wayne, financial advisor, Nicole Morawski, senior registered service associate, and Ross Hart and Terri Schafer, client service associates.

Kansas-based American Century Investments added to its international credit team with the promotion of Simon Chester to the role of portfolio manager in London, following ACI’s receipt of regulatory approval from the UK’s Financial Services Authority to manage investment portfolios from its London office.

Chester joins senior portfolio manager John Lovito and portfolio manager Federico Garcia Zamora on the London-based international fixed income team, which invests in corporate securities outside of the US.

First California Financial Group appointed Gilbert Dalmau as executive vice president and chief banking officer of First California Bank.

Dalmau stepped in from Americas United Bank, where he was president and chief executive. He also previously served as president of the Southern California region for First Bank & Trust of St Louis.

Tompkins Financial Advisors, the wealth management arm of New York financial services firm Tompkins Financial Corporation, appointed Stephen Krauss as senior wealth advisor.

Fidelity Investments appointed Scott Couto as president of Fidelity Financial Advisor Solutions, formerly Fidelity Investments Institutional Services.

Cuoto is the interim leader of the division and was previously the executive vice president for product management and marketing. Before joining Fidelity, he served as chief operating officer for Evergreen Investment Management Company and in various key roles at Liberty Funds in Boston. He reports to Gerard McGraw, the president of Fidelity Institutional.

Deborah Fuhr, global head of exchange-traded funds research at BlackRock and one of the world’s top experts in the field, is leaving the company.

It is unclear what Furh's next move will be. She previously worked with ETFs at Morgan Stanley for 11 years before joining Barclays Global Investors in September 2008, which was acquired by BlackRock a year later.

Sloane McCarron Capital Advisors, the newly-established wealth manager and multi-family office in Massachusetts, hired Chris Pellegrino as managing director and chief investment officer. 

Pellegrino joins from BNY Mellon and Standish Mellon Asset Management, where he led a team with $30 billion in assets under management. He is a member of the Boston Security Analyst Society and was chairman of its fixed income committee between 2007 and 2011.

The firm was launched last month in Quincy, Massachusetts, by Jonathan Sloane and Dennis McCarron.

First Republic hired David Siebenlist as a senior relationship manager to focus on clients in San Francisco and Marin counties, out of the bank’s headquarters in San Francisco.

Before joining First Republic, Siebenlist worked at Bank of America in global wealth and investment management. Before that, he was at Wells Fargo in the San Francisco private banking group and Citigroup in New York City and San Francisco.

US Bank appointed Michael Ott as central region president for the private client reserve unit.

Ott adds to his current position as the Twin Cities (Minneapolis and St Paul, Minnesota) market leader of the same division. In his expanded role, he will lead a team of more than 300 investment, trust, private banking, advisory, and financial planning professionals representing over $15 billion in assets under management. Prior to US Bank, he was a managing partner at Somerset Asset Management in Minneapolis.

Gibraltar Private Bank & Trust hired Randall Vitale as senior vice president, market executive for its Broward County, Florida operations.

Vitale joined from SunTrust, where he served for the last 10 years in various wealth management roles, most recently as the first vice president, client advisor for the legal specialty group. In his new role, he will be responsible for managing the bank's existing relationships and developing new business within his area.

UBS Wealth Management Americas appointed Ajay Mehra as head of manager and fund research and managing director.

Mehra previously served as portfolio manager and partner at Columbus Nova, where he managed a global long-biased equity fund and worked with investment clients in emerging markets.

At UBS, Mehra will be responsible for delivering investment advice and guidance to financial advisors and clients, covering over $100 billion in institutional and retail managed separate account assets and more than $200 billion of mutual fund assets. He reports to Tony Roth, head of wealth management strategies.

Carne Global Financial Services hired John Ackerley as a director within its Cayman Islands team. He joined fund directors Peter Heaps and Roisin Cater in providing governance services to Cayman-domiciled funds.

Before joining Carne, Ackerley was working as a senior vice president with Maples Finance.

UBS Wealth Management Americas brought in eight new advisors with a combined total of more than $1 billion in assets and $9.25 million in production.

James Mahoney joined the Swiss bank's Palm Beach office in Florida from Bank of America Merrill Lynch. He has a T12, or net income, of $1.9 million and assets under management of $329 million. In his new role he reports to Bradford Smith, the complex director.

The Lighthouse Group, composed of Paul Stanislau, Alert Lucci, and Peter Navaretta, joined the Stuart, Florida branch from Morgan Stanley Smith Barney. The group has a T12 of $1.25 million and AuM of $161 million. They report to Timothy Durno, the branch manager.

Also from MSSB is Tate Wesley, who joined the Oakbrook Terrace, Illinois branch. Wesley has a T12 of $3.2 million and AuM of $227 million. He reports to Dennis Christensen, the complex director.

Father and son team James Fleck and Jason Fleck of The Fleck Group are now part of UBS's Bend, Oregon office from DA Davidson. The duo has a T12 of $1.2 million and AuM of $160 million. They report to Justin Steers, the Oregon complex director.

Finally, joining the Chicago Tower office is Mark Waldman, who came from Credit Suisse. Waldman has a T12 of $1.7 million and AuM of $151 million.

A former vice president at JP Morgan launched an independent advisory firm in Chicago, specializing in affluent families.

Avocet Capital Management is led by Alan Loewy, a former VP in private banking at JP Morgan, where he managed some $300 million in client assets. He joined JP Morgan in 2009 from the investment management division of Goldman Sachs.

CONCERT Global Group named industry veteran James Lynch as the new president of its wealth management division.

Lynch previously represented Wall Street giants such as Morgan Stanley and Bank of America. In his new job, he will manage relationships with breakaway brokers and registered investment advisors who are disenfranchised with the wire house firms and want to set up their own businesses, the firm said.

RBC Wealth Management appointed former Kleinwort Benson private wealth head Martin Heale as head of Americas for its UK division.

Heale will lead the team of relationship managers responsible for RBC Wealth Management UK’s US, Canadian, Latin American and Caribbean client base. He joins as a managing director based in London, reporting to Philip Harris, head of private client wealth management, RBC Wealth Management UK.

Beverly Hills Wealth Management named Anita Brown as senior vice president and wealth management advisor.

Brown joined from Morgan Stanley Smith Barney, where she served as a VP and financial advisor. She also previously worked for Citigroup Trust and Wells Fargo Bank as a high net worth portfolio manager. Her new role takes effect immediately.

TD Wealth Management appointed Stephen Bostic as team leader for Northern New England.

Bostic joined the bank in 1999 and most recently served as small business market manager for Massachusetts and Rhode Island.

Northern Trust promoted William Morrison, currently chief financial officer and executive vice president, to president and chief operating officer, a transfer that will be completed on 1 October.

In his new role as COO, Morrison will have the company’s heads of personal financial services, corporate and institutional services, global investments and technology reporting to him. He will continue to answer to Frederick Waddell, chief executive and chairman of Northern Trust.

The COO role is a newly-created position, marking an expansion at the Chicago-based firm. Morrison has spent 15 out of his 38 years in the business at Northern Trust.

To replace him as chief financial officer, the firm hired Michael O’Grady, who will join from Bank of America Merrill Lynch in August. O’Grady was latterly managing director and responsible for the depository institutions group for the Americas at BoA Merrill Lynch.

Franklin Templeton Multi-Asset Strategies, the asset management group’s global investment platform, expanded its global tactical asset allocation team with the appointment of five new investment professionals.

Todd Saunders, senior global tactical asset allocation portfolio strategist, Alexander Hug, portfolio strategy analyst, as well as Victoria Quach, Billy Tranand and Cindy Wu, all quantitative research analysts, will report to Samer Habl, managing director of global tactical asset allocation.

NWK Group, the registered investment advisor that caters to high net worth individuals and their families, appointed Christine Lim as wealth manager.

Lim joined from Charles Schwab, where she served as vice president of client services in San Francisco for nearly five years. NWK Group has an estimated $32.6 million in assets under management.

WSFS Financial Corporation, the parent firm of WSFS Bank, created a trust advisory board composed of seven members.

Acting as chairman of the trust board is John Field, a managing partner of Greenfield Associates, who was also formerly at JP Morgan & Co for 33 years. Joining Field are Timothy Cashman, John Herdeg, John Nesbitt, Donald Delson, Zissimos Frangopoulos and Calvert Morgan.

Cashman, Herdeg, and Nesbitt are the three organizers of Christiana Bank, while Delson, Frangopoulos and Morgan are directors at WSFS Financial Corporation. Frangopoulos joined the WSFS board as part of the takeover of Christiana.

Nancy Kistner of US Trust was chosen as 2012 chair-elect of the board of directors of the Certified Financial Planner Board of Standards.

Kistner, who is managing director and wealth planning solutions market director at US Trust, Bank of America Private Wealth Management in New York, will begin her duties as chair-elect on 1 January 2011. She takes over the chair-elect position from Alan Goldfarb, who will begin his term as chair on the same date.

Three former executives at Old Second National Bank launched a new advisory firm in Illinois.

Clear Perspective Advisors was founded by principals Stewart Beach, Michael Morcos and Jonathan Hylton, who are joined by Nicholas Latko. All four were at the wealth management group at OSNB, with Beach serving as executive vice president and head of the division.

The firm is a registered investment advisor operating in Aurora and St Charles, Illinois, which provides financial planning strategies, investment advice, asset allocation and portfolio construction recommendations to individual and institutional clients.

The Colorado-based independent wealth management firm Crestone Capital Advisors appointed Michael Sherman as president of the firm.

In his new role, Sherman will be accountable for the implementation and execution of the firm's business plans, and will report to Eric Kramer, the chief executive officer of Crestone. Sherman was already a principal of Crestone, and has been part of the firm’s investment committee since 2002.

Wall Street veteran Elle Kaplan launched a New York-based boutique investment company that specializes in the needs of individual investors.

Lexion Capital Management was founded in November 2010 and was initially open to accounts of personal friends and family, but is now being offered to other investors, the firm says.

Presently, the company is preparing to introduce a new division dedicated to investors with at least $150,000 in their portfolios before the end of the year. Plans to launch Elle Kaplan Quant, a hedge fund that operates via proprietary trading, are also in the works for 2012.

Berkshire Bank appointed Allan Costello as senior vice president and audit and compliance manager for its risk management division.

Costello spent the last three years as director at Accume Partners and has also worked for the likes of Charter One Bank, Rhinebeck Savings Bank, Troy Savings Bank, and Key Corporation. In his new position, he will lead Berkshire's internal audit and compliance teams throughout the company.

Butterfield Fulcrum, the European financial services firm that specializes in alternative assets, hired Jeffrey Strauss as president of its US operations, based in New York.

Strauss most recently served as global head of sales at HedgeServ Corp. He also previously served as managing director of business development at Butterfield Fulcrum in the past.

On his return to Butterfield, he will be responsible for all aspects of US operations, including sales, marketing, operations and growth. He reports directly to Glenn Henderson, chief executive.

Capital Guardian's Intracoastal Family Office, based in West Palm Beach, expanded its team with the appointments of Margo Kohlhoff as relationship manager and Kathryn Crabtree as technical specialist.

Kohlhoff joined from local wealth management firm Carl Domino where she was director of marketing and manager for compliance and operations. Crabtree is a recent graduate from Palm Beach Atlantic University and has completed her internship with IFO.

The California Bankers Association selected Mary Allis Curran, who heads up Union Bank’s private bank, as chair-elect for 2011-2012, and as chair for the 2012-2013 board. 

Curran heads the private bank at Union Bank, overseeing the private banking, wealth planning, and trust and estate services for HNW individuals, non profits, foundations, endowments, and select professional service firms.

Gibraltar Private Bank and Trust senior vice president Danilo Rodriguez resigned.

The decision came at a troubled time for the bank after receiving a cease and desist order last year owing to problem assets and anti-money laundering compliance issues. The company, along with TD Bank, had been linked to a $1.2 billion Ponzi scheme by disbarred attorney Scott Rothstein.

St Louis-based BAM Advisor Services made Madaline Creehan, Joe Goldberg and Al Sears principals of the firm, and appointed Jeff Remming as its chief operating officer.

Creehan, Goldberg and Sears all continue in their current capacities as well as being principals. Creehan is a wealth advisor at Buckingham Asset Management, which is part of the same group of companies; Goldberg is director of retirement plan services for BAM; and Sears is the director of fixed income for BAM Advisor Services.

As COO, Remming joins the firm from a CPA firm where he was an accountant.

Russell Investments, the Seattle-based independent advisor, named Len Brennan as president and chief executive of the company.

Brennan took over from Andrew Doman, who moves on to become chairman of the board.

Brennan first joined Russell in 1985 and stayed until 2005, when he moved to Rainier Investment Management to serve as president and chief executive. He recently returned to the firm as CEO of its Europe, the Middle East and Africa business, a job he will continue doing in parallel with his new responsibilities.

Barclays Wealth hired Hans Olsen – latterly of JP Morgan - as managing director and head of investment strategy for the Americas.

In this newly-created role, Olsen will help develop the firm's asset allocation with a focus on delivering regionally-customized investment strategies for wealthy clients in America. He will be based in New York and report to Aaron Gurwitz, chief investment officer at Barclays Wealth.

Olsen joined from JP Morgan, where he had served as chief investment officer for private wealth management since 2007.

HighTower brought in a new advisor team to expand its high net worth business in Virginia.

VWG Wealth Management is led by John Verfurth, Richard Weeks, and Jeff Grinspoon, who will all be serving as managing directors and partners at HighTower. VWG is a Washington, Virginia-based group with around $600 million in assets under management; its clients usually have between $1 million and $10 million in investible assets.

All three were latterly at Morgan Stanley Smith Barney. Verfurth spent all of his 16 years in the financial services industry at MSSB, while both Weeks and Grinspoon joined the brokerage giant in 2001 from Legg Mason.

Nashville Bank & Trust promoted two bank staff to senior positions.

Jamie Nicholson moved up from being a senior wealth advisor to senior vice president and team leader for wealth management services. Andrew May, the chief financial officer, expanded his role to include being team leader of the portfolio strategies unit.

Bank of America’s head of legacy asset servicing, Terry Laughlin, is set to become the bank’s chief risk officer this autumn, among other group-level changes at the financial services giant.

Lauglin’s move is expected be completed in September and the global compliance executive, Paula Dominick, is filling in on an interim basis. BofA’s former chief risk officer, Bruce Thompson, took on the role of chief financial officer, where he replaced Chuck Noski.

Meanwhile, Noski began his new work as vice chairman. Based in Los Angeles, he will be involved in strategic and capital management matters, the resolution of legacy issues and client development activities.

In another development, Gary Lynch began working as global head of legal, compliance and regulatory relations - a newly-created role at the firm. He was latterly vice chairman of Morgan Stanley in London, and has now moved to New York. 

Citi Private Bank hired Perry Brown from Northern Trust as a private banker and managing director in Palm Beach, Florida.

Brown held various roles at Northern Trust since joining the firm in 1999. Most recently he was a managing director in Wealth Advisory Services for the Palm Beach region. At Citi he reports to Mark Maller, head of the company's private bank in Florida.

HSBC Global Asset Management appointed Deborah Hazell as regional head of its North America unit.

Hazell joined from Fischer Francis Trees & Watts where she was president and chief executive until May 2011. In this new role, she will be responsible for the company's development strategy in the US, Canada, and Bermuda. She reports to Kevin Martin, head of retail banking and wealth management and marketing for North America. 

Morgan Stanley hired Devon Baranski to lead its wealth management operations in the US Southwest.

Baranski stepped in from Leerink Swann, where he served as wealth management head. He also previously worked at the private banking and investment group of Merrill Lynch. He will be based in Los Angeles.

UK-listed Aberdeen Asset Management hired Melissa Reagan as head of property research for the Americas, in a bid to boost the firm’s US presence.

Reagan will be based in Philadelphia and report to Andrew Allen, Aberdeen’s director of global research. She will join a research and strategy team that after her inclusion on 20 July comprises 13 individuals in eight countries. 

The company confirmed that it is planning to make more additions to its Philadelphia office later this year.

Atlanta-headquartered SunTrust Banks named Ernest Dawal as chief investment officer for its private wealth management and institutional investment solutions businesses.

Dawal most recently served as executive vice president and senior director of investments at Wells Fargo Wealth Management. He was also the CIO for the wealth management unit of Wachovia before it merged with Wells Fargo. In his new role, he is responsible for all business units under the two divisions. He reports directly to Willem Hattink, the head of private wealth management and institutional investment solutions.

Russell Investments promoted John Harrell and Paul Izzo to the role of national account executives, newly-created positions at the firm to drive its advisor-sold business in the US bank channel. 

During his career before Russell, Harrell worked at Dawson where he was involved in the launch of the bank investment platform.

Izzo, who is based in Houston, manages Russell's bank channel distribution program in the eastern United States. Prior to joining Russell in 2009 as a regional director, Izzo served as regional vice president with AXA Equitable.

TD Wealth Management appointed Arthur Wasserman as a vice president and private banking officer at its Providence, Rhode Island branch.

Wasserman came to the firm from BNY Wealth Management, and has over 25 years of wealth management experience. He will be working with high net worth individuals and institutions throughout the area.

UBS Wealth Management Americas hired a duo from Morgan Stanley Smith Barney to strengthen its Arizona business.

Matthew Meyer and Christian Stout operate under the name Meyer Stout Group and reportedly have $1.3 million in annual fees and commissions and $133 million in assets under management. At UBS they report to Charlie Cajero, branch manager.

Bank of Guam named Amoretta Carlson as vice president of BG Wealth and Trust Departments.

Carlson joined Bank of Guam in 1983 and served the business development, customer service, and real estate units before moving to the trust division in 2005. She is joined by Ann Roth as vice president, and Mike San Nicolas and Alexandra Taitano as assistant vice presidents. The trio came from BG Wealth Management/Money Concepts.

City National Bank bolstered its Manhattan operations by adding two bankers who specialize in entertainment industry clients.

Stepping in from Wells Fargo in New York is Boris Gluzberg as vice president and senior relationship manager. He specializes in the affairs of ultra-wealthy families and has previously worked for both BNY Mellon Wealth Management and Citigroup North America. He reports to Rich McCune, the senior vice president who heads City National's NY entertainment division.

Joining the firm from Comerica Bank in Los Angeles is David Oliver as vice president and relationship manager. He brings extensive experience as a banker to the film and television industry. He reports to David Acosta, senior vice president and team leader in New York.

Toronto- and New York-listed Sun Life Financial announced a number of management changes, including that chief executive Donald Stewart will retire on 30 November, with Dean Connor, currently chief operating officer, due to replace him.

The financial services giant said Stewart was retiring in line with company policy, and would work closely with Connor until the latter gentleman stepped in as president and CEO on 1 November.

In other changes, James Sutcliffe, currently chairman of the risk review committee, will takeover from Osborne as the firm’s chairman on 1 December.

UMB Bank appointed Todd Duncan as head of its corporate trust and wealth management business in Colorado.

In this expanded role, Duncan will be responsible for investment and wealth management planning in the Colorado market while maintaining his current position as head of the corporate trust division in St Louis, Kansas City, Denver, Indianapolis, Wichita, and Oklahoma. He will relocate to Denver later in the summer.

Northern Trust named Richard Leider as vice president and wealth strategist for its San Francisco office.

Leider stepped in from Tano Capital, where he led the global real estate and private equity practice. Earlier, he headed his own institutional asset management advisory firm, the Leider Group. He reports directly to Tim Geraghty, the region president.