Here is a summary of all the moves covered by Family Wealth Report during the month of October 2015.

Deutsche Asset & Wealth Management hired Michael Keough and David Hanlon within its institutional global client group in the Americas. Keough is a managing director based in San Francisco, reporting to Laura Gaylord, head of the core institutional group for the region. Hanlon is a director based in Boston, reporting to Carolyn Patton, head of consultant relations in the Americas. Both Keough and Hanlon are focused on servicing DeAWM’s institutional clients in their respective regions.

With over 24 years of industry experience, Keough joined DeAWM from Bank of New York Mellon Investment Management in San Francisco, where he was a director and led new business development and client relationship management for public funds in the Western US. Previously, he was a relationship manager at Goldman Sachs Asset Management and a marketing director at INVESCO. Hanlon joined DeAWM with over 23 years of experience from F-Squared Investments, where he was a senior vice president and head of institutional sales. Previously, he was a managing director at Pinebridge Investments and Bank of New York Mellon.

Private wealth advisors Christopher Baldwin, Thomas Tyndorf and Andrew Skoglund joined Merrill Lynch’s private banking and investment group from Credit Suisse in Chicago, IL. They all joined as managing directors and alongside financial analysts Daniel Aliaga and Amber O’Malley, and client associates Sylvia Weitzman, Laura Bienz and Leslie Cannon. The advisors managed approximately $3.5 billion of client assets at Credit Suisse, and now report to PBIG regional managing director Brett Thelander.

AXA Investment Managers, a global asset management company, boosted its Americas team with three hires. Jamison Gagnier joined as director of US institutional sales from Loomis, Sayles & Co, an investment subsidiary of Natixis, where he was responsible for institutional sales of equities, fixed income and alternatives, including hedge funds. Gagnier will focus on the institutional marketplace in the eastern half of the US and Canada. He will report to Steve Sexeny, head of the US client group. Meanwhile, Rafael Tovar was appointed as director of US wholesale offshore sales from Nikko Asset Management, where he was responsible for business development across the Latin America pensions and offshore bank platforms, family offices and consultants. Tovar will report to James Wallace, head of US wholesale and sub-advisory distribution.

Lastly, Leticia Aymerich joined as head of client service for the Americas from AXA Investment Managers in Spain, where she was most recently head of client service and legal. Before joining AXA IM in 2006, Aymerich worked within Legg Mason’s and Commerzbank’s asset management groups in Spain. Aymerich will manage client onboarding and reporting, implementing key regulatory policies and procedures, and building out a client service structure in Mexico. She will report to Xavier Thomin, head of AXA IM, Americas.

Ross Kennedy, Richard Cantwell and Stephen Michael joined UBS from Credit Suisse in Boston, MA. They have around $1 billion in assets under management and report to Maxwell Bardeen in the private wealth management branch. The team has a venture capital/private equity services business as well as an ultra high net worth private client business.

Financial Gravity Holdings, which recently named Kevin Schillo as its new director of wealth management, hired Beverly Johnson as a senior wealth advisor. Johnson has over 20 years of experience as a business leader in the areas of finance, marketing, supply management and manufacturing operations. She has also worked as a consultant with Fortune 500 companies, as well as major franchises, on projects in the areas of finance, operations, and the development of non-profit entities.

Pittsburgh, PA-based D B Root & Co launched as an independent RIA, leveraging Dynasty’s wealth management services and technology platform. With client assets of over $650 million, D B Root works with corporate executives, professionals, business owners and entrepreneurs in Pittsburgh’s burgeoning technology sector and growing energy segment. The firm also focuses on education, since half of its employees are under the age of 40, and engages fully in technology and social media. Founder and chief executive David Root launched the newly independent firm after leaving Commonwealth Financial Network, which he joined in 1997. The firm's team also consists of: Charles Stout, senior advisor; David Hoffmann, vice president; Steve Kohler, senior financial advisor; Michael Aroesty, financial advisor; and Lynn Hoffay, CPA. They also joined from Commonwealth, along with nine support staff.

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Boston Private Financial Holdings added an information technology veteran to its board of directors in the shape of Kimberly Stevenson. Stevenson has a strong background in the information technology space, having been chief investment officer at Intel for nearly four years. She will provide insights that will help direct Boston Private's trajectory in mobile banking, information security, overall client facing application, and big data, among other areas. Women now represent 55 per cent of Boston Private's independent director board positions. Before her CIO role, Stevenson was vice president and general manager of Intel's global IT operations and services. Earlier, she spent seven years at the former EDS, now HP enterprise services.

Sandra Cho of Encino, CA, formed Pointwealth Capital Management through LPL's broker-dealer platform and will provide fee-based advisory services through Golden State Wealth Management, an independent firm on LPL's hybrid RIA wing. A core component of Cho's business is based around advising women and widows. She also engages in retirement planning for couples and individuals as well as tax management planning for business owners. She serves clients in the greater Los Angeles, CA, area, and several outlying areas.

Global X Management Company, the New York-based provider of exchange-traded funds, made three senior hires. Aaron Dillon joined as head of strategic relationships, Alex Ashby as director of product development, and Steve Munroe as director of media planning. Dillon, previously a managing director at KraneShares, will be responsible for driving Global X's business development with institutional investors and will also manage the firm's national accounts efforts. Before working at KraneShares, Dillon served as head of mutual fund and ETF products at TD Ameritrade, as well as a vice president at Morgan Stanley Wealth Management in the firm’s investment product and managed account teams.

Ashby re-joined Global X after receiving his MBA from MIT's Sloan School of Management. Between 2010 and 2013, he was involved in research, operations and product development at Global X. He managed the launch process for over 20 ETFs and also provided Global X with strategic insights and supporting research for its existing suites of funds. Lastly, Munroe joined Global X from Liberty Mutual Insurance, where he served as a senior analyst in the client marketing and marketing strategy teams for the personal insurance strategic business unit. Before that, he was a consultant at Marketing and Planning Systems, a marketing research and consulting firm, where he led brand tracking and strategic segmentation studies for multiple Fortune 100 clients in the retail and financial services industries.

Patton Albertson & Miller joined the international partnership of independent fiduciary wealth management firms, Focus Financial Partners, in Georgia. PAM is the third Georgia-based partner firm to join Focus in the past year, following the recent additions of Gratus Capital in Atlanta, and The Fiduciary Group in Savannah. Founded in 2003, PAM provides wealth management, investment management, business succession planning and financial planning services to high net worth individuals and families, trusts, estates, business owners and select institutional clients. The firm's founders, Jimmy Patton, Marc Albertson and Bill Miller, first met at SunTrust Bank where collectively they worked for over three decades and each held various executive management positions.

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The TCW Group, a global asset management firm, made two senior hires to strengthen its legal and compliance areas. Frank Gioia joined TCW’s compliance department as a senior vice president and head of investment control. He will be based at the firm's Los Angeles headquarters and report to Jeff Engelsman, global chief compliance officer. Gioia was previously the compliance product manager at Charles River Development, a provider of automated systems for front- and middle-office investment management functions. Additionally, Dipo Ashiru joined TCW as a SVP and associate general counsel. He is based in New York City and reports to Meredith Jackson, the firm's general counsel. He joined from KKR, where he was an advisor and senior counsel to the firm’s diversified private equity, credit and hedge funds platform.

AssetMark bolstered its relationship management and sales teams with five hires from Curian Capital.
The new employees were:
·        Anthony Gonzales, business development officer for the Mid-Atlantic region;
·        Aaron Jones, regional consultant in Arizona and Utah;
·        Timothy Kolesaire, business development officer in Connecticut;
·        Tigran Muradyan, business development officer for Pennsylvania and upstate New York; and
·        Sara Paulson, business development officer in the Midwest.

Mark Moeller was appointed as managing director of investments at Ascent Private Capital Management of US Bank in Minneapolis, MN. In Minneapolis, Ascent’s investments team is led by Joe Hinderer. Moeller was previously managing director of portfolio management at US Bank’s Private Client Reserve, the firm's high net worth arm. Earlier, he was a senior consultant at Slocum & Associates, advising non-profit institutions on their investment policies and structures.

RBC Wealth Management hired a new team in Atlanta, GA, as part of its growth strategy in the southeast. Larry Cummings and Clifford Wang, who joined from Barclays, work with ultra high net worth clients and serve fewer than 20 families. The team has trailing revenue of $2.2 million.

Nuveen Investments hired Martin Kremenstein as a managing director and head of exchange-traded funds – a new role at the firm. Kremenstein will report to Greg Bottjer, managing director and head of product strategy, based in New York City. He was most recently a managing director at Deutsche Asset & Wealth Management, responsible for the firm's ETF business in the US.

Dynasty member firm Summit Trail Advisors welcomed a $1 billion advisory team in New York - its second acquisition in two months. Jerry Lucas, Megan Sclafani, Peter Gambee and Michael Cohen all joined as partners from Barclays Wealth & Investment Management. Lucas, Sclafani, Gambee and Cohen joined James Cantelupe, Lauren Cosulich, Peter Lee, Danie McHugh, Tom Palecek, Daniela Pedley, Jack Petersen, David Romhilt, Duff Saxe and John Scarborough – all partners at Summit Trail Advisors in New York, Boston, Chicago and San Francisco.

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Former Pitcairn employee Karen Wawrzaszek joined Rockefeller as a managing director and senior advisor in Washington, DC. Wawrzaszek was previously head of Pitcaitn's Washington, DC, office and has specific expertise in impact investing. Before working at Pitcairn, she worked at Citi Private Bank and spent 11 years at US Trust.

Philadelphia, PA-headquartered Janney Montgomery Scott, the wealth management, financial services and capital markets firm, hired Martin Schamis as head of wealth planning. Schamis will oversee the planning solutions group that supports Janney’s 740 financial advisors advising the firm’s retail client base. He joinrf Janney from The Vanguard Group, where he spent the majority of his 11-year tenure as senior manager of financial planning and advice services. Before Vanguard, he worked as a financial advisor for Morgan Stanley.

Three left Credit Suisse for First Republic Bank as managing directors and portfolio managers in San Francisco, CA. The new appointees were Dagny Maidman, Chris Chase and Erik Ralston, who all joined First Republic Private Wealth Management. Maidman has extensive experience serving high net worth individuals and families; Chase specializes in helping founders and shareholders of privately-held companies; and Ralston specializes in serving corporate executive and company founders.

Fort Pitt Capital Group joined the Focus Financial Partners network – the third Pennsylvania-based firm to join Focus following the addition of JFS Wealth Advisors and Quadrant Private Wealth. Headquartered in Pittsburgh, PA, and with another office in Bonita Springs, FL, Fort Pitt was founded by seven partners in 1995. Three of its founding principals – Michael Blehar, Theodore Bovard and Charles Smith – still run the day-to-day business operations, managing a 28-person team.

Todd Aquilina was named as a wealth management consultant at The Private Client Reserve of US Bank in Sacramento, CA. Aquilina will work with clients to understand their goals and aspirations. He’ll then assemble a team of professionals best suited to work toward those objectives, US Bank said. He was previously a business development officer, private banker and mortgage loan officer at Wells Fargo.

Brown Brothers Harriman appointed partner Seán Páircéir as global head of investor services. Páircéir joined BBH as managing director in 2000 and was appointed as a partner in 2010. He has led the firm’s investor services relationship excellence unit and served as co-head of Europe, Middle East and Africa for investor services. Based in Dublin, he will take on the new role as of the beginning of 2016, replacing William Tyree, who will become managing partner. Meanwhile, William Rosensweig was appointed to succeed Páircéir as head of investor services relationship excellence. Rosensweig, who joined BBH in 2001 and was appointed partner in 2012, has held leadership roles in the firm’s Boston, London, and Hong Kong offices. Based in Boston, he will be responsible for the firm's relationships with US asset managers.

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Morgan Creek Capital Management made three senior hires to round out its new private wealth advisory group. Michael Forstl - who joined as a senior managing director and head of intermediary distribution in 2014 - will oversee the team, which includes managing directors Christopher Arnold in the north, Tony Wilson in the west and Joseph McQuaid in the south.

The group will work primarily with intermediary distribution channels, with a focus on wealth advisors overseeing $500 million to $2 billion in assets. Arnold joined Morgan Creek from Model Capital Management, where he was a strategy consultant. Before that, he was a national sales manager at Beaumont Capital Management, having earlier worked at Windham Capital Management and TS Capital.

McQuaid meanwhile joined from Guggenheim Investments, where he was a regional vice president, and before that spent nine years at Mainstay Investments - most recently as national sales manager for the RIA channel. Wilson joined Morgan Creek from Highland Capital Management, where he was a senior director managing the western US region. Before that, he worked at Artio Global Investors and Turner Investment Partners.

Jay Fishman resigned as a member of the board of directors of Carlyle Group Management. Fishman had served as a member of the board of directors since Carlyle’s initial public offering in May 2012. He resigned due to previously-announced health issues. The Carlyle Group in turn named Anthony Welters, executive chairman of the Black Ivy Group, and senior advisor to the office of the chief executive at UnitedHealth Group, as an independent director.

MarketCounsel hired Kristen Niebuhr as director of practical compliance. Niebuhr joined from Source Financial Advisors, where she served as president and chief operating officer since its inception. Before that, she was chief administrative officer at Alexandra & James (currently Lebenthal & Co). In her new role, Niebuhr will oversee regulatory compliance integration for MarketCounsel clients, ranging from early-stage breakaway advisory teams to mature firms.

Barclays announced it is appointing former JP Morgan senior manager James Staley as its new chief executive, taking up the role from December 1 and filling the vacancy left after Barclays forced out Antony Jenkins earlier this year amid demands for faster change. Staley has nearly four decades of experience in banking and financial services. He worked for over 30 years at JP Morgan, initially training as a commercial banker, and later moving into leadership roles of businesses such as private banking and asset management, and ultimately, leading its investment bank. Staley is currently managing partner of BlueMountain Capital.

Bank of America’s US Trust made 13 hires in nine states over the past month. In New York, Terence McLaughlin joined the Melville office as a private client advisor from JP Morgan, while Jessica Walsh joined the New York branch as a business development executive from UBS.

In the Golden State, David Bigger joined the Westlake Village office as senior trust officer from Buck & Morris, and Karyn Salman joined in Newport Beach, also as senior trust officer, from Wells Fargo. Additionally, Kevin Quinn joined the Naples, FL, office as a private client advisor from Cantor Fitzgerald; Aaron Terry joined in Boston, MA, as a senior trust officer from TD Bank; and Catherine Thayer joined in Saint Louis, MO, as a senior trust officer from Lewis, Rice & Fingersh.

In Pennsylvania, Benjamin Auslander joined the West Conshohocken office as a private client advisor. He previously worked at VERITABLE. In Tennessee, Royal Fowler joined the Nashville branch as a portfolio manager from Equitable Trust. US Trust also made three hires in Texas, in the shape of Alesia Coffman as a private client advisor in Dallas, Barry Johnson as a PCA in Houston and Maureen Jacobi as a personal tax accountant in Dallas. They joined from Westwood Holdings Group, River Oaks Bank & Trust and Can Watters and Associates respectively. Lastly, in Washington, Thomas Platt joined the Seattle office as a sales executive. He previously worked at Morgan Stanley.

New York-listed Morningstar, a provider of investment research, named Kunal Kapoor as president – a new role at the firm. Kapoor, who previously served as head of global products and client solutions, will add responsibility for sales, marketing and product development. He will continue to report to Joe Mansueto, chairman and chief executive. Kapoor has held a number of leadership roles since joining Morningstar in 1997, including director of mutual fund analysis, director of business strategy for international operations, president and chief investment officer of Morningstar Investment Services, and head of Morningstar.com and the firm’s data business.

Indiana-based Salin Bank & Trust Company appointed John Coughlin and William Varanka as vice presidents and wealth management business development officers. Coughlin was previously a vice president and business development officer at First Financial Bank, having previously held the same roles at Regions Bank from 2007 to 2013. Varanka was most recently a vice president and wealth management officer at First Midwest Bank. Before that, he was a vice president and trust officer at Horizon Trust & Investment Management.

Rockefeller & Co hired Kara Valentine as vice president and director of marketing from Dynasty Financial Partners in New York City. Valentine led marketing and brand strategy at Dynasty, having previously spent over 20 years in senior marketing roles at US Trust, Merrill Lynch Wealth Management, and Morgan Stanley.

UBS hired a total of four advisors in Dallas, TX, from Merrill Lynch and Wells Fargo. Ryan McCuller and Bobby Senter joined as a team with around $265 million in assets under management from Merrill Lynch. They report to Mike Rhodes. Additionally, Byron Brook also joined from Merrill Lynch and also reports to Rhodes. Brook joined with around $200 million in AuM. Lastly,  Lance Martin joined from Wells Fargo with around $300 million in AuM. Martin reports to Greg Hopeman.

Campbell Reynolds was hired as a private banker for The Private Client Reserve of US Bank in Las Vegas, NV. He was previously a commercial/private banking relationship manager at Northern Trust Company in Sarasota, FL.