The latest roundup of executive moves in global wealth management.

The Financial Conduct Authority has added several senior female industry figures to new roles and its executive team to beef up its remit to protect consumers. 

The agency’s head Nikhil Rathi, who joined last October, named former BlackRock executive Stephanie Cohen as chief operating officer. Former eBay data analytics director Jessica Rusu became the agency’s first chief data, information and intelligence officer forging relations with big tech and fintechs. Former director at the National Economic Crime Centre and commercial litigator Sarah Pritchard became executive director for markets overseeing company behaviour. In a second newly-created post, and fourth hire, Emily Shepperd became executive director for authorisations. Previously, she directed customer services at Aegon UK and served in leading operations roles for EMEA at Bank of New York Mellon.

Rob Hardy was named corporate governance director at Capital Group and joined the firm’s ESG leadership team. He is based in London. Hardy was most recently head of investment stewardship for the EMEA region at JP Morgan Asset Management, where he oversaw the firm’s ESG strategy and public policy. Prior to joining JP Morgan in 1996, Hardy was a corporate governance and proxy voting specialist at Phillips & Drew Fund Management. 

Investec Wealth & Investment appointed Nicola Toyer as head of charities; Alex Charalambous as regional director of private clients, southern region and Stewart Teague as head of commercial transformation and product development.

Toyer joined the charities team at Investec as an investment manager in 2019, with 10 years of previous experience. Charalambous also arrived at Investec in 2019, having spent 16 years in private banking in London and California. Teague, who leads an increased commercial focus for the business’s products and solutions, has 25 years of experience in the UK financial services market, including with start-ups and established players, on both the client and support side. Louise Hall left Investec, where she worked for 31 years, most recently as one of the executive directors of the wealth business.  

UK firm Waverton Investment Management appointed Paris Jordan as a multi-asset analyst. She joined from Murano Consulting, where she was head of investment consulting, specialising in ethical and sustainable investing. Jordan reports to the head of third-party fund selection, Luke Hyde-Smith.

JTC appointed Paul Weir as managing director of its Jersey office and Julie Zingiloglu as MD for private client services in Switzerland. The group, which is regulated in a number of financial centres, promoted almost 100 staff across its teams.

Among the senior level promotions were Emma Menzies (group tax in Jersey), Marina Cristiani (private client services in New York), Mee-Line Marie Nathalie Kye Thiam (private client services in Mauritius), Nicola Holmes (business operations in Jersey) and Sarah Swain (legal, Jersey). They were all made a senior director. In all, there were 25 promotions in Jersey, 17 in South Africa, 12 in Mauritius, eight in Luxembourg, seven in Amsterdam, six in the Cayman Islands and the US, five in London, three in the Isle of Man, and two in Guernsey, the BVI and Switzerland. 

Investor services group IQ-EQ named Rachel Aldridge as managing director of Lawson Conner, its specialist UK regulatory hosting and outsourced compliance business. Aldridge has more than 25 years’ experience in leadership roles in financial services and consulting firms. Her areas of expertise include funds and compliance, as well as leading corporate service functions, developing and implementing strategy and general management. 

Liechtensteinische Landesbank appointed Dr Gabriel Brenna as the new group chief executive and chairman of the LLB Group, subject to regulatory clearance. He took over from Roland Matt, who left the company at the end of January. Brenna has been head of the private banking division and a member of the group executive management and management board since 2012. Before LLB, Brenna was at consulting firm McKinsey & Company in Zurich and London for eight years, reaching the position of partner and head of the Swiss private banking and risk management practice. In this capacity, he advised private banks, cantonal banks, and major international banks in Switzerland and Europe on a wide range of strategic and operational questions. 

Indosuez Wealth Management appointed Fouad Nicolas Trad as global head of the Middle East. He succeeded François R Farjallah. Based in Dubai, he reports within CA Indosuez (Switzerland) SA to Isabelle Jacob-Nebout, head of Wealth Management. Fouad Nicolas Trad leads coordination of all wealth management activities in the region and drives Indosuez’s Middle East business, which is operated primarily by CA Indosuez (Switzerland) SA. He has more than 30 years of experience in the banking sector to Indosuez, with most of his career within the Crédit Agricole Group, serving private and corporate clients in the Middle East. Prior to joining Indosuez, Fouad Trad was the CEO and chairman of the management committee of Byblos Bank Europe, based in Brussels.

International law firm Withers hired charity law and philanthropy specialist Philip Reed as a partner in its London office. Reed joined Withers from Farrer & Co, where he was a counsel in the firm's charity and community team, working with domestic and foreign clients of all sizes, including major national groups. He also acted as in-house legal advisor and company secretary for the Leonard Cheshire charity. 

Renaissance Asset Finance, the asset finance specialist arm of Arbuthnot Latham, appointed Chris Stalley as its sales director. In his new role, Stalley leads the sales division to drive RAF’s business development strategy. Stalley served in several high-profile leadership and business development roles. He joined RAF from BNP Paribas 3 Step IT, where he was the chief executive. Previously, he worked at Siemens and GE Capital.

Capital Group appointed Marta Zarraga as global chief information officer, in charge of technology and cyber security. Zarraga, who has 25 years of industry experience, previously served as global CIO for Aviva - a role in which she also served at UK telco giants Vodafone and British Telecom.

Liechtenstein-based VP Bank appointed Roger Barmettler as chief financial officer and member of its group executive management. Barmettler had been head of group finance at VP Bank since January 2020 and acted as its interim CFO from June 2020. Before his VP role, which he started in 2004, Barmettler had worked in accounting, reporting and auditing at UBS and Credit Suisse. He began his career as an audit expert at KPMG Fides Peat in Zurich and Philadelphia. A Swiss citizen, Roger Barmettler holds a bachelor of science degree from the Lucerne University of Applied Sciences and Arts; he is also a certified public accountant, qualified by the Zurich Chamber of Trustees.

EFG International named Enrico Piotto as its new chief risk officer. He succeeded Raj Singh, who stepped down as CRO at the end of last year. Piotto has performed this function on an interim basis alongside his role as chief financial officer. In the new role, Piotto reports to CEO Giorgio Pradelli. Piotto has 20 years of banking sector experience under his belt. Before joining EFG, he served as head of lending for Deutsche Bank’s European wealth management arm from 2018. From 2003 to 2018, Piotto served in various senior roles at UBS, including risk control lead for the Establishment of Wealth Management lending offering strategy, chief risk officer for wealth management Europe, emerging markets and global head of wealth management transaction decisions.

In a newly-created role, Invesco appointed Gwendolyn Ansah Smith as managing director for Africa, reporting to Middle East and Africa head Zainab Kufaishi at the independent investment firm. Smith is in charge of building out Invesco’s business objectives in Africa. Smith formerly managed Invesco’s global institutional business. She also spent five years as deputy chief financial officer for the City of Atlanta.

Wealthify, the UK-based digital investment platform, reshuffled its C-suite leadership. It named David Semmens as chief investment officer; he had been in the post on an interim basis since June last year. Michelle Pearce-Burke, co-founder of the business and chief operating officer, was CIO. (Semmens took the interim CIO role when Pearce-Burke went on maternity leave. She recently returned.) Pearce-Burke focuses solely as COO, working alongside chief executive Andy Russell and keeping her role on the investment committee.
 

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Quintet Private Bank subsidiary Brown Shipley appointed Dan Morris and Johnny McGrath as client advisors in Birmingham. Both have extensive experience of working with private clients in the Midlands and report to the head of the Birmingham office Anne Brookes. McGrath has 26 years’ experience in private banking, joining from UBS where he was a client advisor. Previously, he worked for AIB Private Banking and Lloyds Private Bank. Morris joined from Smith & Williamson in Birmingham where he was a chartered financial planner. Before this, he worked as a financial planner at Broadstone (formerly BDO Investment Management).

The PraxisIFM Group appointed Stephanie Coxon as a non-executive director and chair of the audit committee. Coxon is a non-executive director of three London listed companies: Apax Global Alpha Limited, JLEN Environmental Assets Group and PPHE Hotel Group. Prior to these appointments she was capital markets director at PwC leading teams across the UK and the Channel Islands advising boards of investment funds in a wide range of asset classes on corporate governance, accounting policies and reporting processes. Coxon replaced Iain Stokes, who resigned from the board in December 2020. 

International professional services provider Equiom appointed Melanie Griffiths as head of client solutions in its private wealth business. 

Dispute resolution lawyer Rachael Reynolds appointed global senior partner at Ogier, the offshore law firm. Prior to this, she was global head of dispute resolution and head of trusts disputes. Reynolds has led the Cayman litigation team on some of the largest and highest profile cases in the Cayman Islands over the last decade, including acting for investors in respect of the collapsed Abraaj Group (previously the largest private equity structure in the Middle East), acting for the provisional liquidators in the Ocean Rig restructuring (one of the largest contested schemes of arrangement in the world), and she was also the advocate in several of the leading cases considering the meaning and effect of the Cayman 'firewall' legislation. 

Reynolds was named Advisor of the Year in the Wealthbriefing European Awards 2020. She regularly speaks at international conferences and events representing women in industry, and is a member of IWIRC (the International Women's Insolvency and Restructuring Confederation), 100 Women in Finance, 100 Women in Hedge Funds and Ladies in Trusts. She also co-chairs the annual ConTrA Trusts in Litigation conference.

Robert Karofsky was appointed sole president UBS Investment Bank after Piero Novelli decided to retire to follow new opportunities, including non-executive chairman positions and roles in academia teaching finance and business. Novelli stepped down as co-president of the investment bank. Karofsky and Novelli reshaped the investment bank in recent years. Karofsky joined UBS in 2014, leading the equities business globally. In September 2018, Karofsky and Novelli became co-presidents investment bank. Novelli re-joined UBS in 2013 and has served in a number of executive roles across the investment bank. Prior to becoming the co-president, he was executive chairman, corporate client solutions, having previously served as global head of advisory and, before that, chairman of global M&A.

Valour, the Swiss-based issuer of investment products tapping into tech such as crypto assets, appointed former HSBC Private Banking global head of innovation, Diana Biggs, as chief executive. Prior to her HSBC role, Biggs was vice president, head of growth and partnerships, EMEA for digital currency platform Uphold, chief strategy officer for e-commerce start-up Soko, and a management consultant at Oliver Wyman Financial Services.

In a newly-created role, Vanguard appointed Fong Yee Chan as head of ESG strategy for the UK and Europe. Based in London, Chan is in charge of Vanguard’s evolving approach to ESG in Europe and reports to Europe head of portfolio review, Matthew Piro. She spent more than a decade in sustainable investment and was previously director of FTSE Russell's sustainable investment products team, where she led ESG ETF strategy for EMEA. Before that, she was ESG director at eFront, heading the firm's private-equity ESG solution. 

IQ-EQ, the investor services group, named Mirek Gruna as its new chief commercial officer for Jersey. This was a new role at the firm. Gruna has more than 15 years’ experience in financial services. He was previously managing director for an independent trustee and corporate administration firm in Jersey, where he was responsible for growing and delivering corporate, funds and private wealth service offerings in Jersey, Cayman, the UK, and Abu Dhabi. 

IQ-EQ appointed Caroline Bagshaw as its new group chief people officer. She took over from Teresa Lamy, who retired. Bagshaw is based in London. Bagshaw’s HR career to date spans more than 26 years and a diverse range of industry sectors. Prior to her new role, Bagshaw was the interim head of people at Monese, an app-based banking alternative offering. Before that, she spent six years with Mastercard as executive vice president, HR, international. Previously she served in senior HR roles with Standard Chartered and GlaxoSmithKline.

Jersey-based VG, the privately-owned fiduciary and administrative solutions provider, appointed Christine Barette as a manager in the wealth structuring team. She joined from Intertrust. Also, within the wealth structuring team, Ben Schofield was promoted to manager. Schofield joined VG in 2014 and has more than 12 years’ experience working on a diverse portfolio including corporate, debt, family office and high net worth private client wealth structures. 

Paul Bulstrode was appointed manager (real estate and Islamic finance - funds). He joined VG in 1984 as a trainee bookkeeper/messenger and progressed into a variety of roles before becoming a founding member of VG’s funds team in the mid-1990s. 

Stanhope Capital, the wealth management house, appointed Pierre Mallevays, founder and managing partner of M&A boutique Savigny Partners, as co-head of merchant banking alongside Nigel Spray, former head of Kleinwort Benson’s merchant banking business who joined Stanhope in 2017. 

With over 30 years of experience in M&A, Pierre Mallevays has particular expertise in the luxury and consumer goods sectors. At Savigny Partners, he worked with brands such as Lanvin, Celine, Christian Lacroix, Byredo, Delvaux and Tom Dixon. 

Farrer & Co, the London-based law firm appointed Henrietta Mason, a specialist in trust and probate disputes and former partner at Penningtons Manches Cooper, to its contentious trusts and estates team. With almost 20 years’ experience of advising high net worth individuals both in the UK and abroad, she has developed a particular expertise in handling cross-border matters, including conflicts of laws in contentious matters relating to trusts, wills and succession. 

Tax and revenue law firm Addington Chambers added two personnel to its "virtual" practice, including Michael Ashe as the firm’s first QC. The group was set up as a “virtual chambers” by joint heads Adrian Shipwright and Julian Hickey in response to the pandemic. Ashe, who joined the practice from 9 Stone Buildings, Lincolns Inn, began his career in 1978.  A Queens Counsel, he is a Bencher of Middle Temple and has been a Recorder of the Crown Court. Before the Bar, Ashe worked for the Inland Revenue and in investment banking. His practice involves contract and company law, financial services, market abuse and tax. He also has experience in general Chancery and commercial matters as well as judicial review.

Lynne Counsell, who has been practising since 1986, also joined from the barrister's chambers at 9 Stone Buildings. Her specialist areas include private client and traditional Chancery work such as probate, accounts, inheritance claims, Court of Protection matters, construction of wills and trusts; as well as financial services, interpretation of the FSMA 2000, collective investment schemes, regulatory issues and marketing investments.
 

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DWS appointed Joe Kiwan as head of sales for Middle East and Africa. Based in Paris, Kiwan is responsible for building DWS’s footprint in the Middle East and Africa (MEA) region. He reports to Olivier Dubost de Cadalvène, head of DWS in France and head of MEA coverage. Prior to joining DWS, Kiwan spent eight years at TOBAM, a quant specialist asset manager and pioneer in smart beta investing, where he led business development activities in the Middle East, Switzerland, Italy and Spain.

Hawksmoor Investment Management opened a new office in Bath as part of regional expansion plans. New hires at the location include senior investment manager Dean Hodgson, business development manager Mike Topham, and trainee investment manager Sally Overton.

Crestbridge bolstered its EU ManCo operations – it named Anika Ratzmann as head of legal and compliance. Based in Luxembourg, Ratzmann is in charge of developing the legal and compliance departments inside the group’s ManCo division and plays a leading role in strategic growth.

Stonehage Fleming, the multi-family office, named Doris Sommavilla as client relationship director, in the UK family office team. She is based in Stonehage Fleming’s London office and reports to Roelof Botha, head of the UK family office. Prior to this, she was a principal at Blu Family Office, the European firm, where her brief covered advice to clients on alternative assets in the UK, Italy, Germany and Monaco. 

Private client and funds services firm Hawksford added to its global corporate services team appointing Rebecca Cox as associate director in London. Her background is in providing corporate services to institutional and multinational corporations; most recently she was associate director of UK corporate services at IQ-EQ. She joined First Names Group in 2014, establishing its international outsourcing business service in the UK. IQ-EQ purchased First Names in 2018. Cox has also worked for Moore Stephens and CRA International.

In a newly-created role, River and Mercantile named Roger Lewis as group head of ESG, responsible for overseeing and integrating ESG principles across its investment and asset management activities.

Carmignac, the French asset management house, made a number of promotions and appointments to its team of 45 fund managers and analysts.

In the equity team led by David Older, the firm appointed Haiyan Li-Labbé as co-manager of Carmignac Emergents alongside Xavier Hovasse, head of emerging equities. Amol Gogate was appointed as co-manager of Carmignac Portfolio Emerging Discovery, also alongside Hovasse. Li-Labbé joined Carmignac in 2011 and is a fund manager and an analyst in charge of Greater China markets. Gogate, who is an Asian equities analyst, joined Carmignac in 2019.

Moreover, Emmanuel Niogret who joined the firm in 2019 as manager of Carmignac Portfolio Alpha Themes, was also appointed as fund manager of Carmignac Portfolio Long-Short Global Equities. 

In the fixed income team, led by Rose Ouahba, Carmignac made several appointments. 

Marie-Anne Allier became sole fund manager of Carmignac Sécurité, one of Carmignac’s largest strategies with almost €10 billion in assets under management and a 30-year track record. She has been co-managing Carmignac Sécurité since she joined Carmignac in April 2019. Keith Ney, previously co-managing Carmignac Sécurité Allier, focuses on running Carmignac Portfolio Patrimoine Europe - a fund that he has managed since it was created three years ago alongside Mark Denham, head of European equities. 

Carmignac Portfolio Emerging Patrimoine is now co-managed by Joseph Mouawad and Xavier Hovasse, who have been managing the fund together for almost three years.
 

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Asia-Pacific
Indosuez Wealth Management in Asia made three senior appointments for its Hong Kong branch. They were: 

-- Willie Chue, managing director, Greater China market head; 
-- Steven Wong, MD, senior relationship manager; and 
-- Ada Zhou, director, relationship manager. 

PIMCO announced that its head of Asia-Pacific, Kimberley Stafford, was moving to the firm’s Newport Beach office in the US to become global head of the firm’s product strategy group. In her new role, Stafford is responsible for overseeing traditional strategies and alternatives, which include PIMCO’s private strategies and hedge funds. Stafford has been a member of PIMCO’s executive committee for five years.

Alec Kersman, managing director, became PIMCO’s new Asia-Pacific boss. Kersman is head of strategic accounts in US Global Wealth Management. Both personnel report to Emmanuel Roman, PIMCO’s chief executive.

David Fisher, MD and head of traditional product strategies, became co-head of US GWM Strategic Accounts alongside Eric Sutherland, MD and president of PIMCO Investments LLC. He and Sutherland report to Gregory Hall, MD and head of US GWM. 

Ryan Korinke, head of hedge fund and quantitative strategies, based in Hong Kong, joined PIMCO’s executive office in Newport Beach.

Fenergo, which provides digital transformation, customer journey and client lifecycle management solutions, appointed Gary Brookes as head of sales in Asia. Brookes previously worked in sales leadership roles at Datasite, eFront and Ansarada, working in Asia and Australia. In his new job, Brookes is expanding Fenergo's sales presence in Singapore, Tokyo and Hong Kong.

Hines, an international real estate firm, boosted its presence in Japan and South Korea. Drew Huffman, managing director and 10-year veteran at Hines, is overseeing the new business initiatives in the two countries. Joining the local team were Hyungsub Lee, a director, in the Seoul office, and Sho Morita, an associate in the Tokyo office; both were new to the firm. 

Offshore law firm Carey Olsen added to its dispute resolution and litigation practice in Hong Kong, appointing counsel Xia Li and Monique Hansen, who returned from secondment with the firm's British Virgin Islands office. Xia has broad experience of handling high-value dispute resolution matters for clients across the Asia region in sectors including banking and financial services, gaming and entertainment, construction and insurance. She joined from another large offshore firm where she practised across its Hong Kong, BVI and Cayman Islands offices. She also spent a decade working for international law firms in London, New York, Beijing and Singapore.

In other changes in Hong Kong, Monique Hansen returned from two years with the firm’s BVI office. She joined Carey Olsen in 2018 and advises on multi-jurisdictional matters across several sectors, including large-scale infrastructure, energy and technology-related disputes.

EFG International named Enrico Piotto as its new chief risk officer. He succeeded Raj Singh, who stepped down as CRO at the end of last year. Piotto performed this function on an interim basis as wall as acting as chief financial officer.

In the new role, Piotto reports to CEO Giorgio Pradelli. Piotto has 20 years of banking sector experience under his belt. Before joining EFG, he served as head of lending for Deutsche Bank’s European wealth management arm from 2018. 

HSBC created three regionally-focused chief investment officers to set strategy for Asia in its recently-merged wealth and personal banking unit. All three roles were new positions.
Fan Cheuk Wan was named as chief investment officer for Asia; Patrick Ho as chief investment officer for North Asia; and James Cheo as chief investment officer for Southeast Asia. Wan and Ho both held senior posts at Credit Suisse in the region before joining HSBC.

Fan Cheuk Wan joined HSBC in 2016. In her new expanded role, she leads the chief investment office in Asia. 

Fan chairs the Asia Regional Investment Committee and is a member of the Global Investment Committee for private banking and wealth management. Prior to HSBC, she spent nine years in private banking at Credit Suisse in various roles, including Asia Pacific CIO, head of equity research and head of research Asia-Pacific. 

Patrick Ho joined HSBC in 2017 as chief market strategist; he currently oversees the investment strategy team in Hong Kong and the Asia advisory model portfolios. Before that he served in senior roles at Credit Suisse Private Banking and UBS Wealth Management. 

James Cheo, who was previously a senior investment strategist at Bank of Singapore, re-joined HSBC in 2019. Cheo has more than 16 years' experience in portfolio strategy, asset allocation and economic research. 

M&G Real Estate appointed Lai Jing Dong as chief investment officer and interim chief executive, Asia, subject to regulatory approvals. The person who held this role previously was Chiang Ling Ng. Reporting to Tony Brown, global head of M&G Real Estate, Lai leads M&G’s real estate business and acquisition activities in Asia, including Australia. Lai joined M&G in October 2016 as head of acquisitions, Asia. With more than 18 years of real estate investment experience, Lai was previously director and head of investments at Straits Real Estate, where he managed an Asia-Pacific investment mandate.

Australia-listed Perpetual Private - building a new team focused on family office clients - appointed Nick Lipscombe to head the team, based in Sydney. 

The head of JP Morgan’s international private bank for the past two years, Nicolas Aguzin – known to many as “Gucho” – left the US group to be chief executive of Hong Kong Exchanges and Clearing (HKEX). Aguzin, subject to regulatory approval. Aguzin worked for three decades at JP Morgan, serving in a variety of roles, including asset and wealth management, spending time in the Asia-Pacific and Latin American markets.

BlackRock, the world’s largest asset manager, appointed Rachel Lord to lead its Asia-Pacific business. She took over from Geraldine Buckingham, who remained at the firm as a senior advisor. Lord is based in Hong Kong and serves as chair and head of BlackRock Asia-Pacific. Lord most recently headed BlackRock’s business in Europe, the Middle East and Africa. Her APAC experience began with ANZ Investment Bank in London, helping clients in Pakistan, India, Malaysia, Singapore, Hong Kong and Japan to access international financing for industrial growth.

Capital Group appointed Andrew Lee as investment director in Hong Kong to support growth of the firm’s global and regional equity portfolios. He is in charge of a range of equity investment strategies, including Capital Group New Perspective Fund (LUX) and Capital Group New Economy Fund (LUX), reporting to head of product and investment services for APAC Andy Budden. Lee was most recently portfolio director for China and Asian equities at Barings, and spent seven years as a product specialist with HSBC.

M&G Investments named Joseph Wong as head of intermediary channels based in Hong Kong in a newly-created role. Wong leads the Hong Kong team in developing intermediary clients and prospects, particularly private banks and external asset managers. Wong joined from the Hong Kong office of Franklin Templeton Investments, where he spent more than a decade. 

PGIM Fixed Income hired Yong Duk Kim as vice president, client advisory, a new role at the firm. Kim is responsible for leading the institutional sales and client relations efforts in South Korea. He reports to Helen Chang, head of Asia-Pacific ex-Japan Client Advisory, based in Hong Kong.

Nuveen, the $1 trillion global investment manager of TIAA, made seven new appointments in Hong Kong and Sydney:

-- Denise Ying joined as vice president, international advisory services. Ying, who is responsible for supporting institutional clients in the Greater China region, reports to Kelvin Cheung, managing director and chief operating officer, Asia-Pacific and Middle East; 

-- Betty Zhang and Mia Yang, join as assistant VPs in client services, and report to Cheung; 

-- Jing Zhou joined as senior director in the alternatives and strategic transactions team, data centre solutions. Zhou reports to Carsten Kebeddies, Asia-Pacific MD and head of the alternatives and strategic transactions; 

-- YoungJee Jang took on the role of associate in the fund management team, reporting to Louise Kavanagh, head of fund management, Asia-Pacific;
 
-- Anthea Trazzera joined as a senior associate supporting transactional activity in the Australian market and will report to Rick Marston; and  

-- Carmen Hawkey is an associate in the Asia-Pacific real estate debt team, reporting to Martin Priestley.

Bank J Safra Sarasin in Asia appointed three ex-Standard Chartered bankers to join its team in Singapore. Anterina Leng, formerly an RM at Standard Chartered since 2016, was named executive director, client advisory, reporting to Dhruv Sawhney, managing director. Before Standard Chartered, she was at Barclays, and also worked at UBS, HSBC, ABN AMRO and UOB.

Eileen Tay was named as director, client advisory, also reporting to Sawhney. She has been at Standard Chartered as an RM in Singapore since November 2016, working at Barclays before that, as well as HSBC, UBS and UOB in Singapore. Yenny Sia joined as vice president, client advisory, reporting to Mary Lee. She had been at Standard Chartered in Singapore as a senior associate director and RM since 2008. Previously, she worked at DBS and UOB.

RBC Wealth Management appointed Xygent Chan as executive director to head a newly-created Hong Kong private bank team. Chan started his new position at the end of December and reports to RBC Wealth Management’s head of private banking for Greater China, Ignatius (Iggy) K K Chong.

Allianz Global Investors appointed Leo Shen and Zheng Wang as head of fund management business, China, and portfolio manager at Allianz Global Investors Asset Management (Shanghai), respectively. 

Shen leads the strategic effort to establish Allianz GI’s onshore fund management business in China. Wang concentrates on managing onshore multi-asset investments in China. 
 

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North America
Oregon-based Price Financial Group, the wealth manager, aligned with Carson Partners. Price Financial’s CEO is Bo Caldwell and chief investment officer is Matt Mai. 

 

Wealthtech firm AssetMark named Natalie Wolfsen as its new CEO and Michael Kim as the new president. They took over from Charles Goldman, who left as president and chief executive. 

Wolfsen, who most recently served as AssetMark’s executive vice president and chief solutions officer, brought to her new position more than 25 years of experience in investment product management, investments, digital product development and marketing.

Kim most recently served as executive vice president and chief client officer at AssetMark. Kim brought to this role more than 25 years of experience working with financial advisors in various capacities, including 10 years at AssetMark. 

PIMCO said that its head of Asia-Pacific, Kimberley Stafford, moved to the firm’s Newport Beach office in the US as global head of its product strategy group. In her new role, Stafford oversees traditional strategies and alternatives, which include PIMCO’s private strategies and hedge funds. Stafford has been a member of PIMCO’s executive committee for five years. As part of the change, Alec Kersman, managing director, became PIMCO’s new Asia-Pacific boss. Kersman is head of strategic accounts in US Global Wealth Management. Both report to Emmanuel Roman, PIMCO’s chief executive.

David Fisher, MD and head of traditional product strategies, became co-head of US GWM Strategic Accounts alongside Eric Sutherland, MD and president of PIMCO Investments LLC. Fisher, who has spent 13 years as a leader in the product strategy group and also serves as a trustee of PIMCO Closed End Funds, relocated to the New York office. He and Sutherland report to Gregory Hall, MD and head of US GWM.  Ryan Korinke, head of hedge fund and quantitative strategies, based in Hong Kong, joined PIMCO’s executive office in Newport Beach. He reports to Roman.

Altruist, a US tech platform for registered investment advisors, tapped former TD Ameritrade national managing director Peter Dorsey to be its new chief strategy and revenue officer. The result is a coup for Altruist, which appointed a man who was involved in a firm that had reached $650 billion of assets under management over 10 years. 

Former Assistant Secretary of the Treasury Thomas P Feddo joined Capstone, a global policy and regulatory due diligence firm, as a senior advisor. Feddo most recently served until January 2021 as the first Assistant Secretary of the Treasury for Investment Security. Before his Senate confirmation in September 2019, Feddo served in the Treasury Department as Deputy Assistant Secretary for Investment Security. 

Cetera said Paul Weinberger, a full-service investment and tax professional based in Clearwater, Florida, affiliated with it. Weinberger, who has more than 25 years' experience in financial services, supports $123 million in assets under management.

Wealth Enhancement Group, which oversees more than $26 billion in client assets, said that Kunal Kapoor, chief executive of Morningstar, had joined its board of directors. Kapoor joined Morningstar in 1997 as a data analyst and rose through a series of successively more senior management positions, including director of mutual fund research, director of business strategy for international operations and president and chief investment officer of Morningstar Investment Services. He assumed the role of CEO in 2017, succeeding Joe Mansueto, who founded Morningstar in 1984.

Cleveland Financial Group® appointed John Nelson as a financial planner; he is based in the firm’s new Akron, Ohio office, and also works with clients across Northern Ohio.
Advisor Group formed its National Advisory Board, made up of 12 financial professionals across its community. Debra Brennan Tagg, president of BFS Advisory Group, serves as the NAB's inaugural chair, while Erinn Ford, EVP, Advisor Engagement, serves as the NAB's executive sponsor.

The founding members of the NAB include:
Debra Brennan Tagg of BFS Advisory Group (Dallas, Texas); 
Brian Heapps of Innovative Financial Group (Nashville, Tennessee); 
Kevin Myeroff of NCA Financial Planners (Mayfield Heights, Ohio); 
Dean Harman of Harman Wealth Management (The Woodlands, Texas); 
Aaron Titze of GT Financial Advisors (Woodbury, Minnesota); 
Mary Sterk of Sterk Financial Services (Dakota Dunes, South Dakota); 
Mike Rees of Bay View Capital Advisory Group, Inc (St Petersburg, Florida); 
Chad Parmenter of Mirus Planning (Kirkland, Washington); 
Kim Kropp of Moylan Kropp (Omaha, Nebraska); 
Vince Morris of OneDigital Investment Advisors (Overland Park, Kansas); 
Melanie Anderson of Financial Counseling Company (Evanston, Illinois); and 
Chuck Walker of Cornerstone Wealth Management (Trinity, Florida).

New York-listed Comerica, a financial group that provides wealth management, appointed Juan Rodriguez as chief information security officer.  Rodriguez, who reports to chief technology and operations services officer Megan Crespi, joined the bank on February 16. He is based at Comerica's technology headquarters in Auburn Hills, Michigan. Prior to this, Rodriguez was chief information security officer at NatWest Markets for 10 years. Before that, he worked in the healthcare, insurance and government industries. From 2007 to 2009, he led enterprise-wide projects for T-Systems North America, Inc. For eight years, he served as information security officer for American Skandia, a Prudential Financial, Inc company, after beginning his career at Tyco Healthcare Group and Lockheed Martin IMS.

Hightower named two new board members: Lisa Dolly, former Pershing chief executive and wealth management industry veteran, and Darrell Horn, CEO of Green Square Wealth Management, a Hightower advisory business. Bob Oros, Hightower's CEO and board member, took on the additional role of chairman. Dolly has had several leadership roles in her 31 years at Pershing, including CEO, chief operating officer, head of managed investments, chief administrative officer and head of global operations. She has also served on the board of the Securities Industry and Financial Markets Association and on DTCC cross-industry committees. 

AmeriTrust, part of Argent Financial Group, announced that Kenny Brown Jr had been promoted to senior vice president and chief operating officer. Brown reports to Harvie Roe, AmeriTrust CEO. Brown joined AmeriTrust in 2017 as assistant vice president and portfolio manager and was named vice president of business development in 2019. Prior to AmeriTrust, he spent four years at AmeriTrust in Oklahoma City - also part of Argent Financial Group - as a portfolio manager and a vice president and relationship manager. He also served for five years as a financial and investment analyst at GuideStone Financial Resources in Dallas, Texas.

UK-listed CIBC, the Canada-based group providing services including wealth management, announced that Larry D Richman was stepping down and retiring from the CIBC Bancorp USA board of directors. Richman spent his entire 40-year career in Chicago, including 25 years at LaSalle Bank, ultimately joining The PrivateBank as its president and chief executive officer in 2007. Richman joined CIBC in 2017 through its acquisition of The PrivateBank, serving as a member of the CIBC Bancorp USA board of directors as well as president and CEO of CIBC Bank USA and group head for CIBC US. In 2019, he moved into his current role as chair for the US bank.

Alison Davis was named as a non-executive board director at Janus Henderson, where she serves on the audit committee, the nominating and corporate governance committee, and the risk committee.

Based in the US, Davis has significant governance experience having served on boards of both public and private companies. She is also an active investor as co-founder and managing partner of Fifth Era Financial, which invests in early-stage companies. From 2004 to 2010, she was the managing partner of Belvedere Capital, a bank-holding and private equity firm focused on investing in US banks and financial services firms. Before that Davis was chief financial officer of Barclays Global Investors (now BlackRock), and spent 14 years as a consultant and advisor to Fortune 500 CEOs, boards and executive teams at McKinsey, and as a practice lead with A T Kearney.

Baird, said that The WillowPointe Group had joined it in a new branch in Cookeville, Tennessee. Formerly with UBS, the five-person team includes Lawrence Taylor, who joined Baird as a director and financial advisor, and Steve Boots, who served as a senior vice president and financial advisor. They are supported by Rachel Dalton, associate financial advisor; Amy Ray, senior client specialist; and Amber Underwood Taylor, client assistant. 

Arnerich Massena, an investment firm based in Portland, Oregon. appointed Reegan Rae as chief executive. Rae, who has been with the firm for nearly a decade and most recently led its wealth management division, serves in this role alongside co-CEO Bryan Shipley. Shipley, who has been a co-CEO for over a year and has served as co-chief investment officer for four years, took on the role of sole CIO.

Cornerstone Wealth Group promoted two of its executives, Cliff Hodge and Jeff Powell, to the status of partner. Hodge, chief investment officer, oversees all aspects of investment due diligence with a focus on asset allocation research, security analysis, manager due diligence and portfolio construction. Based in Huntersville, Hodge leads the firm's investment committee and partners with committee members on investment strategies.

Powell is a wealth advisor based in Cornerstone Wealth's Aiken, South Carolina office. He is a Certified Financial Planner™ (CFP®) with two decades of financial services experience. His expertise includes investment management, financial and retirement planning, and estate and tax strategies. 

T Rowe Price, the listed asset manager, named Rob Sharps as president and Céline Dufétel as chief operating officer. Sharps continues to serve as head of investments and group chief investment officer. Dufétel continues as chief financial officer and treasurer.

Foundation Source, which serves private foundations, named Sunil Garga as president and chief executive, taking over from Susan Friedlander Calzone, who led the company as CEO for the last five years.

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Goodman Financial, based in Houston, Texas, hired Steven J VanNostrand CFP ® fulfilling the role of senior financial advisor. Prior to this role, VanNostrand was a wealth management advisor at TIAA for five years. Before that, he spent six years at Chase Bank and Bank of America in both branch management and client relationship management roles. He has more than 11 years of experience in the financial services industry. 

Steward Partners Global Advisory, the wealth management partnership linked with Raymond James, welcomed Webster Grosso Wealth Management to its partnership roster.  The new firm is led by Ron Webster and Ed Grosso, a team of advisors with around $163 million in assets under management. Based in Richmond, Virginia, both of the firm's principals spent the bulk of their careers with Wells Fargo Advisors and its predecessor companies.

Turing Technology, which licences its tech to investment management, insurance, brokerage, RIA, and wealth firms, appointed Charles Larkin to join its board of directors. Larkin has been involved with the firm since 2018. His background has primarily been in private equity, including his role as founding partner of Webster Capital, a private equity firm in which he was involved for 16 years. Since stepping back from Webster Capital in 2017, Larkin has spent his time as an executive coach and strategy consultant for asset management and not-for-profit firms. 

Chubb, the insurer, appointed Michael Mollica to be in charge of its private/not-for-profit management liability business within its North America financial lines business. Mollica succeeded Leigh Anne Sherman, who was appointed as division president of ESIS, a Chubb company, and a third-party claims administrator. 

Stephen Troiano succeeded Mollica; he leads the US retail financial institutions management liability business. Mollica and Troiano report to Steven F Goldman, Chubb Group and division president, North America financial lines.

Vontobel Asset Management appointed Kristin Fenik as relationship manager to support US West Coast institutional investors. Fenik has more than 16 years of industry experience in consultant relations and engagement with institutional clients, including RIA and high net worth investors. 

UBS Private Wealth Management in Los Angeles recruited a seven-person team - “The Legacy Multi-Family Group” - based in Century City. The team, led by Patrick Schaffer and Ryan Bristol, joined UBS following nine years at JP Morgan Private Bank, where they built a $6.5 billion business focusing on high net worth families, individuals, foundations, and privately held businesses. The team includes financial advisors Barry Peterson, Corey Mazza and Dhanesh Bharvani, relationship manager Basel Sbeini, and senior wealth strategy associate Shauna Kohanchi.

The Pacific Financial Group, an RIA, added Matt Hamilton as president, and Gary Manguso joined the company as chief investment strategy and product officer. Hamilton was previously VP of model portfolios at Fidelity Institutional. Manguso led strategic and tactical teams for more than 25 years. Most recently, he was vice president of product strategy at FTJ FundChoice where he focused on investment strategy development.

New Jersey-based Round Table Wealth Management, expanded its Florida office in Boca Raton, arguing that an influx of people into the state is an important business opportunity. The firm hired two team members: Marianne Rodriquez CFP® and Anthony Rosetti CFA as RTWM directors.

US Bank appointed Scott Ford to join its “wealth management affluent” business. Ford brought more than two decades of industry experience. He comes from JP Morgan Chase, where he served as a regional director, wealth management, overseeing the New York market. Prior to this, Ford held leadership positions at Citibank’s wealth management division. 

CAPTRUST Financial Advisors, the RIA, added Sacramento, California-based Genovese Burford & Brothers Wealth & Retirement Plan Management, a firm with $3.13 billion in assets under advisement. GBB was founded in 1987 by Mike Genovese and Lon Burford. In addition to Genovese and Burford, GBB is led by chief executive Alex Brown and partner Kelly Brothers. 

BNY Mellon Wealth Management appointed Kevin May as senior client strategist in Newport Beach, California. May supports the client relationship experience, which includes starting relationships and delivering solutions to achieve investment goals. He reports to Orange County-based regional president, Edward Mora. May previously worked at Bessemer Trust, where he served as a VP. Previous roles included VP of global wealth investment management at US Trust, as well as regional associate for Brandes Investment Partners. May is also an armed service veteran who served in the US Navy as a petty officer in the Iraq campaign.

Raymond James welcomed Brian T Cain to Raymond James & Associate’s Eastern division. (RJA is the firm’s employee advisor channel.) Cain served as managing director and complex manager, overseeing three RJA complexes (groups of branches) across Long Island and Northern New Jersey. Before this post, Cain was at UBS, where he spent the last 21 years. He joined UBS in 1999 as a financial advisor.

Guggenheim Investments appointed John Andrews as a regional vice president. Andrews is responsible for wirehouse and regional broker-dealer sales in Louisiana, Oklahoma, and Texas. Andrews joined after spending more than 13 years at Allianz Global Investors where he served in multiple roles, most recently as external investment consultant since 2011. He joined Allianz Global Investors in 2007 as an internal wholesaler with PIMCO and later became a retirement sales specialist in 2009.

US-based Advisor Group, the network of wealth management firms, appointed Erinn Ford to the newly-created position of executive vice president, advisor engagement. Ford, a 30-year veteran of the wealth management industry, is former CEO of Advisor Group subsidiary KMS Financial, and the former president of Cetera Advisors. In her new role, Ford reports to Greg Cornick, Advisor Group's president for advice and wealth management.

San Francisco-based Robertson Stephens Wealth Management extended its US footprint by opening an office in Houston, Texas. Financial advisor, Christopher Knapp, joined as managing director and principal, bringing with him about $200 million in assets. Knapp previously served as CEO for Collaboration Capital, which he founded in 2016, with a specific focus on environmental, social and governance-driven investment. Before this, he served as CEO and co-founder of Chilton Capital Management. He was also formerly associated with Brown Brothers Harriman & Co. Knapp is joined by colleagues Annelise Bovet, Gary Fitzgerald, Ron Lerner and Anne Robertson.

Key Private Bank appointed Brian Pietrangelo as managing director of investment strategy. In this newly-created role, he works on developing communication and collaboration of the bank’s Investment Center and all client-facing segments in its wealth management business. He is based at the bank's headquarters in Cleveland and reports to George Mateyo, chief investment officer at Key Private Bank.

Pietrangelo has more than 25 years of experience in leadership, investment strategy and consulting, client relationship management and product development. He joined from Charles Schwab Retirement Plan Services where he was a member of its extended leadership team. Prior to that, he has had consulting roles with Merrill Lynch and Willis Towers Watson. 

CIBC appointed the following CIBC Private Wealth, US professionals: William Norris, team executive of the firm’s Boston office; J Kent Nossaman, Jr, team executive in Denver, and Bas Solleveld, team executive in Houston. 

Oakworth Capital Bank, which provides private banking, wealth management and other services, announced that its founding chairman Samuel E Upchurch Jr had retired, and was replaced by chief executive Scott B Reed. Upchurch continued as an active member of the company’s board, Oakworth and its parent company, Oakworth Capital.