Prospera Financial Services, an independent broker-dealer, brought in two advisors in Westchester, PA, and Plymouth, MA, adding over $56 million in assets under management.

Tom Ambrose of Ambrose Wealth Management has over 32 years of experience and was formerly with Ameriprise. Meanwhile, Hilary O’Malley - latterly of Wells Fargo Advisors - joins Plymouth Rock Financial Partners and has been advising clients for over 19 years.

Eric Johnson of CNB Bank was promoted to assistant vice president for wealth and asset management.

Johnson joined CNB Bank as a member of the management training program in 2004 and afterwards obtained a position within the bank’s wealth and asset management services division as a trust administrator. In 2010, he was promoted to trust officer.

Merrill Lynch brought in 10 advisors from Morgan Stanley, UBS and Wells Fargo, representing some $1.07 billion in assets and $7.7 million in production.

Joining from UBS in Louisville, KY, the team of Charles Mercer, Marguerite Rowland and Dowell Ryan has around $265.3 million in assets and $2.4 million in production.

Meanwhile, a host of advisors joined from Morgan Stanley:

 •In Mill Valley, CA, Jeffrey Wells represents around $264 million in assets and $1.5 million in production.

 •In Greenwich, CT, Keith Ward represents around $136.3 million in assets and $1.58 million in production.

 •In Washington, DC, John Forster represents around $110.2 million in assets and $500,000 in production.

 •In Red Bank, NJ, Raymond Abbate represents around $102 million in assets and $408,000 in production, and Bob Reinert and Craig Reinert together represent some $92 million in assets and $526,000 in production.

Lastly, Merrill Lynch hired Terry Schurman from Wells Fargo. He is based in Ponte Vedra, FL, and represents around $101.9 million in assets and $813,000 in production.

Neuberger Berman, the private investment manager, appointed Brian Layton to lead its wealth management operations in Boston. He replaced Chris Biotti who left Neuberger Berman earlier in the year for US Trust.

Layton, who joined as a senior vice president, previously worked at Bernstein Global Wealth Management, part of AllianceBernstein, as a senior private client wealth advisor.

At Neuberger, he reports to Terry Riordan, Chicago-based regional director of Neuberger Berman Wealth Management.

Sacramento, CA-based River City Bank added a wealth management veteran to its board of directors.

Lon Burford is a founding partner of the wealth management firm Genovese Burford & Brothers, which was set up in 1987, and in which River City bought a 20 per cent stake in July.

Boston Private Bank & Trust Company named Michael Cohen as senior vice president and director of operations, charged with ensuring that all operational components are running efficiently across the bank.

Cohen was latterly vice president of loan operations at Blue Hills Bank. Before that, he served as vice president of credit operations at Rockland Trust. He previously held similar roles at Citizens Bank and State Street Bank.

Raymond James recruited John Dorsey as senior vice president of investments and branch manager at its new Huntington, West VA, office of Raymond James & Associates, a broker-dealer subsidiary of New York-listed Raymond James Financial.

Joining Dorsey as senior client service associate in the Huntington branch from Morgan Stanley Wealth Management is Angela Watson.

Wells Fargo added a retired partner of PricewaterhouseCoopers to its board, due to start at the beginning of next year and join the audit and examination committee.

Howard Richardson was at PwC for over three decades in a range of leadership, audit and business advisory positions. He brings the number of directors on Wells Fargo's board to 16.

Toronto-based Sprott Asset Management hired Jason Mayer as a portfolio manager, focused on the firm's tax-efficient flow-through product offerings. Mayer will join Paul Wong in co-managing Sprott Resource Class, a tax-advantaged mutual fund that serves as the roll-over vehicle for the firm's flow-through offerings. He joined from Middlefield Capital Corporation, where he was lead portfolio manager on a number of investment funds.

Bob Doll, who left his post as BlackRock's chief equity strategist in June, joined Chicago-based Nuveen Asset Management as chief equity strategist and senior portfolio manager.

Doll was latterly BlackRock's chief equity strategist for fundamental equities. He also served as head of the US large-cap equity team, with primary portfolio management responsibility for those strategies. He now reports to Nuveen Asset Management's head of equities, David Chalupnik.

Doll remains at BlackRock in an advisory capacity throughout the remainder of 2012.

Snowden Capital Advisors, a dual listed RIA and broker-dealer, added two teams from Merrill Lynch.

The DiCiaccio and LaMothe-Gonzalez teams manage some $500 million in client assets and are founding a West Coast branch office for Snowden in Pasadena, CA.

Joining Snowden as partners are: John DiCiaccio, managing director of the DiCiaccio team; Leah Thomson Snell, vice president of the DiCiaccio team; and Jon LaMothe and Luis Gonzalez, both managing directors of the LaMothe-Gonzalez team.

Behringer Harvard, a firm that creates alternative investment programs for institutional and individual investors, brought in Brad Watt as executive vice president – net lease investments.

Watt, who has been in the real estate investment industry for 25 years, will create and distribute a series of 1031 Delaware Statutory Trust and other real estate wealth management programs focused on fixed income and tax efficiency. The net lease investment platform will focus on single-tenant assets leased to investment grade tenants on long-term double net and triple net leases.

UBS Global Asset Management appointed Thomas Wels as head of its global real estate business.

Having worked for the firm since 2005, Wels was latterly chief operating officer, prior to which he was responsible for expanding the company’s global fund services business. In his new role he will be mainly based in Zurich, but will spend time in all the major asset management offices.

Meanwhile, UBS said farewell to Wels’ predecessor Paul Marcuse who has been head of global real estate since 2007.

The Private Client Reserve, a unit of Minneapolis, MN-based US Bank, appointed three senior vice presidents in Florida.

Gwendolyn Boykin, a senior vice president and senior trust officer, joined the office in Palm Beach. She will collaborate with high net worth individuals, families and charitable organizations to provide them with trust and estate administration services.

Also in Palm Beach, Nicholas Pollard was named senior vice president and banking manager. Pollard will provide specialized lending services and oversee the day-to-day management of financial activities for HNW clients.

Lastly, Jack Randall will serve as a senior vice president and wealth management advisor in Naples, where he will develop and implement customized investment strategies and plans for HNW individuals and families.

Morgan Stanley appointed John Campbell as director of the Greater New Jersey region, based in the Short Hills wealth management office.

Campbell will oversee offices throughout the state and in sections of Pennsylvania. He previously held the roles of financial advisor/branch manager in Melville, NY, and San Francisco, CA, as well as district manager in New York City and head of business development in Purchase, NY.

BlackRock took on UBS's Lawrence Kemp as a managing director and head of its fundamental large-cap growth team, effective December 10.

Kemp was latterly head of US large-cap growth equity at UBS and at BlackRock replaces Jeffrey Lindsey, who the firm confirmed is leaving in February after 10 years. Lindsey will work with Kemp on transitioning the portfolios until his departure.

Based in New York, Kemp will oversee the $4.9 billion BlackRock Capital Appreciation Fund, the $73 million BlackRock Focus Growth Fund and Fundamental Large Cap Growth portfolios, including sub-advised and institutional portfolios, as of January 1. He will report to Chris Leavy, who took over the responsibility for BlackRock's large-cap portfolios from Robert Doll.

Boyden, the US executive search firm, added Andrew Reese as a managing director at its New York office. Reese will play a key role in recruiting C-level and senior executives within the financial services industry, including companies specializing in wealth management, asset management and private equity.

Kensington Capital Partners, the Canadian investment firm that specializes in alternative assets, appointed Eamonn McConnell and John Walker as managing directors.

McConnell will have lead responsibility for the Kensington Hedge Fund, while Walker runs the firm's infrastructure business.

McConnell has worked for numerous international institutions including Barclays Global Investors, Deutsche Bank and Merrill Lynch, as well as at smaller entrepreneurial firms.

UBS Wealth Management Americas reinforced its broker force in Ohio with a team of advisors from Bank of America's Merrill Lynch.

Advisor Robert Anning, along with his son John Anning and Tollie Chavis, previously served as senior vice presidents. Based in Cincinnati, they managed over $1 billion in client assets and last year produced more than $3 million in annual revenue. According to regulatory filings, Robert Anning was at Merrill for over 40 years.

BlackRock appointed Russ Koesterich, global investment strategist for its iShares business, to the newly-created position of group chief investment strategist.

Reporting to Ken Kroner, global head of multi-asset strategies, Koesterich will communicate the firm's investment strategy and perspective on the markets and economy to investors and financial advisors, while continuing in his iShares role, which he has held since 2010.

His tenure with BlackRock dates back to 2005, including his years with Barclays Global Investors, which BlackRock acquired in 2009. At BGI, Koesterich was the global head of investment strategy for active equities and a senior portfolio manager within the US market neutral group.

JP Morgan named Marianne Lake, currently chief financial officer of its consumer and community banking business, as CFO for the entire US banking group, effective from early in 2013.

She will succeed Doug Braunstein, who will become vice chairman of the company following Lake's move into the CFO position.

Before Lake took on her current role, she served as global controller of the investment bank from 2007 to 2009. 

In his new job, Braunstein “will focus on serving top clients of the firm,” JP Morgan said. Prior to taking on the CFO role in June 2010, he served as head of investment banking Americas from 2008, and, prior to that, he held several other senior investment banking positions, including head of investment banking coverage and mergers and acquisitions.

New York-listed First Republic Bank took on Barbara Palmer as regional managing director at the Portland, OR, office, which provides lending, wealth management and trust services to individuals, businesses, foundations and non-profits.

Before joining First Republic, Palmer was a senior vice president and market executive for US Trust, Bank of America Private Wealth Management in Portland. She worked at BofA for 35 years.

InvesTrust, a national trust bank that serves individuals and institutions, appointed Mark Williams as chief investment officer. Williams joined InvesTrust from Bank of Oklahoma, where he oversaw accounts with around $2 billion in assets. 

Baird strengthened its Portland, ME, wealth management office, adding Baron Becker as a vice president and financial advisor along with registered client relationship associate Kim Fickett.

Becker was previously a vice president and financial advisor at Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management) since 1999. He started his career in 1991 as a principal trader at Murphy & Durieu and then moved to Paine Webber as a principal trader and investment executive.

New York-listed Manning & Napier brought in Robert Zak as an independent board director and appointed him to serve on the nominating and corporate governance, compensation, and audit committees.

Since 1995, Zak has served as president and chief executive at Merchants Insurance Group, a privately-held insurance company. Prior to entering the insurance industry in 1985, he had a career in public accounting.  

Los Angeles-headquartered Aspiriant appointed its New York-based director of wealth management, Lisa Colletti, as a principal of the firm.

Colletti has served as wealth management director in New York since joining the firm last year. She has 13 years of industry experience including in tax and estate planning.

Wells Fargo Advisors, Wells Fargo’s broker-dealer arm, appointed David Kowach as president of its Private Client Group, the brokerage’s largest channel. Kowach replaced Jim Hays, who is now the head of Wealth Brokerage Services.

Kowach will report to Danny Ludeman, president and chief executive of Wells Fargo Advisors. Kowach previously led the firm’s business development group.

BNY Mellon Wealth Management promoted Garrett Alton to a newly-created position overseeing the firm's sales teams in Pennsylvania and Washington and leading each region's business development efforts.

Alton will relocate from Atlanta, GA, to Philadelphia, PA, reporting to Mid-Atlantic regional president David Kutch and Central US regional president Andy Paterson.

Canada's RBC Wealth Management appointed Ayesha Yasin as an advisor in Washington, DC. Yasin joined from Morgan Stanley Wealth Management, with $116 million in assets under management and $972,000 in production. 

Goldman Sachs completed its latest round of partner appointments, adding 70 individuals to its exclusive roster.

The following individuals will become partners of the firm as of January 1, 2013:

Vivek Bantwal

Pat Fels

John Mallory

Michael Ronen

Heather Bellini

Pete Finn

Joseph Mauro

Jami Rubin

Brian Bolster

David Fishman

Charles McGarraugh

Yann Samuelides

Jill Borst

Sheara Fredman

Xavier Menguy

Joshua Schiffrin

Michael Brandmeyer

Jacques Gabillon

Amol Naik

David Schwimmer

Jason Brauth

Francesco Garzarelli

Jo Natauri

Gaurav Seth

Stuart Cash

Nick Giovanni

Una Neary

Michael Siegel

Alex Chi

Brad Gross

Gregory Olafson

Michael Smith (Singapore)

Kent Clark

Anthony Gutman

Lisa Opoku

Josh Struzziery 

Richard Cormack

Leland Hensch

Gerald Ouderkirk

Damian Sutcliffe

Jack Daly

Russell Horwitz

Francesco Pascuzzi

Michael Swell

Anne Marie Darling

Roy Joseph

Anthony Pasquariello

Ryan Thall

David Dase

John Kim (Seoul)

Huw Pill

Bobby Vedral

Olaf Diaz-Pintado

Marie Louise Kirk

Dmitri Potishko

Simon Watson

Robert Drake-Brockman

Hugh Lawson

Sean Rice

Toby Watson

Alessandro Dusi

Scott Lebovitz

Francois Rigou

Yoshihiko Yano

Edward Emerson

Ericka Leslie

Scott Rofey  

Antonio Esteves

Luca Lombardi

Jeroen Rombouts

BMO Private Bank hired Michael Arbet as vice president and director of investments, focused on the wealth management needs of clients throughout Southwest Wisconsin.

Withers Bergman, the international law firm, appointed Reaz Jafri and Theda Fisher to spearhead a new US immigration practice for wealthy individuals and families. Jafri and Fisher both join the firm from Abrams Fensterman and will be based in the firm’s New York office.

Atlantic Trust, the private wealth management arm of New York-listed Invesco, appointed Luke Davis as a vice president and relationship manager in New York.

Prior to joining Atlantic Trust, Davis was a vice president and client advisor at Bernstein Global Wealth Management, where he advised high net worth families, foundations and family offices.

Glenmede, the privately-held investment and wealth management firm, took on Timothy Fisk as a vice president and wealth advisor in Philadelphia, PA.

Fisk joined from Merrill Lynch, where he served as vice president and trust specialist within the wealth structuring group. In that role, he was responsible for fiduciary business development efforts across four states in the Midwest/Southeast. 

In a separate move, Glenmede named Jeffrey Coron director of institutional and intermediary distribution for Glenmede Investment Management. He will report to Sally Wirts, chief administrative officer of GIM.

Raymond James took on Karl Rothermund as senior vice president of investments in the Scottsdale, AZ, office of Raymond James & Associates, a broker-dealer subsidiary of New York-listed Raymond James Financial.

Rothermund joins Raymond James from Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management), where he managed $80 million in client assets and had about $1 million in production. He has 35 years of experience in the financial services industry and is joined by his son, Ryan Rothermund, associate vice president of investments, and registered service associate Susan Dover - with whom he has partnered for over nine years.

RBC Wealth Management appointed Harold Langer of the Langer O’Neill Investment group as a senior vice president and financial advisor at the Tucson, AZ, office.

Langer - latterly a senior vice president at Merrill Lynch - has 30 years of industry experience and $180 million in assets under administration, with production of $1.2 million.

UBS Wealth Management Americas bolstered its Northbrook, IL, advisor force with the addition of Thomas Temple from Bank of America's Merrill Lynch.

At Merrill - where he worked for over 25 years - Temple managed about $240 million in client assets, with annual revenue production of approximately $1.2 million.

New York-listed Westwood Holdings Group hired Mark Wallace as chief financial officer, succeeding Bill Hardcastle, who will focus on the growth of the firm's domestic and international fund business.

Wallace previously served as CFO, among other financial leadership positions, for an S&P 500 real estate investment trust. Hardcastle, who was Westwood's CFO for seven years, will also provide leadership in other corporate development and strategic initiatives.

Industry veteran Mark Elston and his three-strong team joined Reno, NV-based Legacy Wealth Planning, a group of independent financial advisors that are affiliated with broker-dealer LPL Financial.

He and his new team plan to maintain over $185 million in client assets as they move to an independent business model, via which they will manage the assets of about 1,100 clients throughout the Reno-Sparks area.

Standard Chartered's chairman for the Americas, David Stileman, retired on November 16 after 29 years at the bank. He will not be replaced. 

Stileman became chairman for the Americas in June 2011, having previously served as chief executive of the bank's Americas business since late 2007. In this role he was succeeded by Julio Rojas in New York.

Minneapolis, MN-based US Bank hired Lisa Simonson and Kato Wade as director of financial administration and director of private client experience, respectively, for Ascent Private Capital Management, the firm's wealth management unit that caters for clients with at least $25 million in assets.

In a separate move, the bank also named Jorgen Gustafson as vice president and senior portfolio manager at the Private Client Reserve - a role in which he will provide clients with integrated and customized investment services. 

RBC Wealth Management International, a division serving high net worth clients in Latin America, the Caribbean and the US, hired Nicolas Seigal as branch director in Miami.

Seigal was formerly associate director of Merrill Lynch’s Miami complex and has been in the industry 18 years, having also worked in Uruguay with Merrill Lynch and BankBoston.

At RBC, he takes on responsibility for 13 advisors in the Miami office and a further eight in New York until a branch manager can be found for that office. He reports to Ricardo Morean, director of international advisory.

UBS Wealth Management Americas bolstered its broker force in Aventura, FL, bringing in a team of advisors from Morgan Stanley Wealth Management.

Advisors Michael Bulhack, Mario Ponczek and Douglas Ponczek previously managed $423 million in client assets and generated $1.6 million in annual revenue.

HSBC announced new chief executives for its operations in Canada, Australia and the Philippines.

The changes come as, after more than 25 years with HSBC Group, Lindsay Gordon will retire as president and CEO of HSBC Bank Canada and chairperson of HSBC Global Asset Management (Canada), effective January 5, 2013.

Gordon will be appointed to the board of directors of HSBC France, subject to required approvals.

Paulo Maia, who will succeed Gordon on January 7 next year, is currently CEO of HSBC Bank Australia, a position he has held since July 2009. Maia held a variety of senior positions with HSBC Bank Brazil including executive director of each of the bank’s main business lines, and then deputy CEO. Maia joined HSBC in 1993.

In turn, Maia will be succeeded in Sydney by Tony Cripps on December 24, 2012, who returns to Australia with more than 25 years of experience working with HSBC globally.

Nasdaq-listed First PacTrust Bancorp, the holding company for Pacific Trust Bank and Beach Business Bank, added a number of senior staff to its financial team.

Ronald Nicolas took over as executive vice president and chief financial officer of First PacTrust on November 5, after a period of acting as a consultant to the firm. He replaced Marangal Domingo, who resigned following the filing of the firm’s Q2 results. 

Meanwhile, Lonny Robinson joined as executive vice president and chief financial officer of Pacific Trust Bank. Previously, Domingo was CFO of both First PacTrust and Pacific Trust – a role which has now been split. Robinson was latterly CFO of Hamni Financial Corporation, a publicly-traded bank holding company, and its subsidiary Hamni Bank.

Finally, the firm appointed Craig Naselow as executive vice president, treasurer and chief investment officer of First PacTrust and PacTrust Bank. He was previously senior vice president, treasurer and investment executive at Aris Development Company.

New York-headquartered Goldman Sachs appointed Mark Tucker as an independent director.

Tucker's appointment expands the board to 12 directors, 10 of whom are independent. He will serve as a member of the firm's audit, risk, compensation and corporate governance and nominating committees.

Tucker is also group CEO and president of AIA Group, an independent pan-Asian life insurance group. Between 2005 and 2009 he served as group CEO of Prudential.

Barclays appointed 18 investment representatives in eight offices across the US for its wealth and investment management division, signalling a major push by the UK-listed bank into the country’s wealth management market.

The appointments are as follows:

New York

Tom Dexter joined Barclays as a director from Bank of America Merrill Lynch, where he served high net worth individuals, corporate executives, partnerships, and foundations. Prior to joining Bank of America Merrill Lynch in 2008, Dexter spent four years at Lehman Brothers as an investment representative.

Brett Fleckman joined as a director from JP Morgan Private Bank, where he focused on customized financial solutions for high net worth individuals. Prior to that role, Fleckman was the New York branch manager for the private client business at Thomas Weisel Partners, and previously a financial advisor at Alliance Bernstein.

Mark O'Shea joined as an assistant vice president from Morgan Stanley Wealth Management, where he advised high net worth individuals and families as part of the Moldaver 80 Group. Prior to joining Morgan Stanley, O’Shea worked on the trading floor of the New York Stock Exchange managing the daily order flow for several investment banks and hedge funds.

Lastly, Edward Moldaver joined as a managing director from Morgan Stanley Wealth Management. Previously, he was a senior managing director at Bear Stearns’ private wealth client services group.

Los Angeles

Jonathan Bates joined Barclays as a director from JP Morgan, where he specialized in municipal bonds, working with high net worth individuals and middle market institutions.

San Francisco

Hugh Beecher joined Barclays as a director from Credit Suisse’s private banking division, where he served high net worth individuals and families.

Boston

Patrick Delahunty joined Barclays as a director from JP Morgan Private Bank where, as a senior private banker, he focused on advising high net worth individuals, families, business owners, institutions and endowments and foundations to provide customized solutions for their wealth management needs.

Timothy King joined Barclays as a director from JP Morgan Private Bank, where he worked as an investment team leader, with high net worth individuals, families, public and private institutions, corporate executives, and business owners.

Tim Humphrey joined Barclays as an assistant vice president from JP Morgan Private Bank, which he joined in 2008.

Lastly, Brian Kelly was appointed as an assistant vice president. He joins from JP Morgan Private Bank, where he had worked since 2007 as an investment associate.

Dallas

Noble Nash joined Barclays as a director from Credit Suisse’s private banking division where he served high net worth families and institutions since 2000.

Mike Whorton joined Barclays as a director from Credit Suisse’s private banking division which he joined in 2000.

Chris Boley joined Barclays as a vice president from Credit Suisse’s private banking division, where he worked with business owners, executives and foundations.

Atlanta

Scott Macolino joined Barclays as a director from SunTrust Investment Services where, as a private wealth advisor, he served ultra high net worth individuals, corporate executives and professional investors.

Miami

Carlos Gallo joined Barclays as a director from UBS Financial Services, where as a senior vice president within the international division, he served high net worth individuals and families in Peru, Mexico and Venezuela.

Irl Solomon joined Barclays as a director from Morgan Stanley Wealth Management, where as an executive director he served high net worth individuals, family offices and institutions.

Jeannie Adams-Camblin joined Barclays as a vice president from UBS Financial Services. At UBS, Adams-Camblin was a vice president within the international division serving high net worth individuals and families.

Palm Beach

Clark Appleby joined Barclays as an assistant vice president from Morgan Stanley Wealth Management. At his predecessor firm, he assisted high net worth individuals and families with their wealth management goals.

Brighton, MI-based Pinnacle Wealth Management, a privately-owned financial planning practice, brought in Nadine Burns as director of business development.

Rasco Klock, the Coral Gables, FL-based law firm, appointed Craig Linder as special counsel, with responsibility for the securities law practice.

Linder rejoins former colleagues/senior lawyers Joe Klock, Janet Munn, Gabe Nieto, J C Antorcha, Jack Shawde and John Eaton, working within the corporate, securities and finance practice.

Deutsche Bank appointed senior manager Jacques Brand as its chief executive for North America, joining the Frankfurt-listed bank’s group executive committee. He took over from Seth Waugh, who as announced in February this year is stepping down after a decade in the post.

Brand has been at Germany’s largest bank since 1999, joining in New York. Most recently, he has been the global head of investment banking coverage and advisory in its corporate banking and securities division.

As part of the change, Waugh will join Deutsche Bank’s Americas advisory board and become a senior advisor to the bank and its clients.

Meanwhile, Deutsche Bank also announced that it has appointed Bill Woodley as deputy CEO of North America, a newly created position. Woodley joined the bank in 1998 and is also global chief operating officer of the regional management division. 

BNY Mellon made two senior hires for its wealth management office in Atlanta, adding a senior private banker and sales director.

Jonathan Blackwood, senior private banker, will manage BNY Mellon Wealth Management’s private banking activities in Georgia, reporting to regional private banking director Lisa Simington. David Noosinow, senior sales director, will work on business development throughout Georgia, as well as Lexington, Louisville and Kentucky, reporting to the regional sales manager of the Mid-Altlantic and Central, Garrett Alton.

Blackwood joined NY Mellon from Wells Fargo, where he worked for over 20 years, most recently as a senior vice president and senior private banker for the company’s Atlanta private bank.