Here is a round-up of all the industry moves covered by Family Wealth Report during May 2016.

FolioDynamix, a provider of wealth management technology and advisory services, brought in Tom Christian as chief delivery officer - a new client role at the firm. Christian, who will report to Steve Dunlap, president at FolioDynamix, will oversee the operations, client service and implementations teams. He “brings a strong perspective on the value of mapped processes and measurable metrics to create efficiency and, more importantly, a positive client experience for every client,” the firm said. As it rolls out a new interface with FolioDynamix 8.0, the firm said it recognized the need to have “hands-on executive stewardship of key client-facing roles.”

Ryan Parker took the chief executive baton from Ric Edelman at Edelman Financial Services. Working alongside Edelman, who remains as founder and executive chairman, Parker will help shape the firm's strategic direction and lead its daily operations. By turning over executive duties to Parker, Edelman said he will be able to focus more on financial education and advice: “My wife Jean and I created the firm 30 years ago. But as the firm has grown, more of my time has been diverted to management activities.”

Parker was most recently a managing director of investment and planning solutions at LPL Financial. In that role, he led the sales, marketing, product management and sponsor relations functions in support of over 14,000 independent advisors and 700 financial institutions. Before LPL, he worked at Russell Investments, Franklin Templeton Investments and Putnam Investments.

GenSpring Family Offices made three senior hires from The George Washington University Investment Office, EY and Wilmington Trust. Jennifer Cobleigh was appointed as a senior family investment officer in Washington, DC. Cobleigh's responsibilities include investment policy formation, client asset allocation and portfolio management, investment manager selection and client portfolio performance reviews. Before joining GenSpring, Cobleigh was a senior investment officer at The George Washington University Investment Office and part of the team that managed the university’s $865 million pooled endowment.

Meanwhile, Russell Sanders joined as a senior family wealth advisor, also in Washington, DC. Sanders has a strong background working with wealthy families and family offices, GenSpring said. He was previously an executive director in Ernst & Young’s Private Client Services Group based in McLean, VA. Lastly, Michael Wu was named as a senior family investment officer, working with clients in the western region across Costa Mesa, Los Angeles and San Francisco. Wu spent the last ten years as a senior investment officer at Wilmington Trust. At GenSpring, he is reunited with his former Wilmington Trust colleagues, Alan Bonde and Jan Vega, who joined GenSpring two years ago. The three will work together in GenSpring’s Los Angeles family office.

SS&C Technologies appointed Dave Welling and Robert Roley to head up the recently enlarged business of SS&C Advent, as Pete Hess prepares to step down as senior vice president and general manager.

The reshuffle came almost a year after SS&C Technologies completed its $2.63 billion acquisition of California-headquartered Advent Software. SS&C, headquartered in Windsor, CT, now serves around 10,000 financial services organizations. Hess, who will be leaving SS&C Advent at the end of June, moved into a strategic advisor role. He has been with Advent since 1994 and has served as chief executive of the firm. Following the takeover, Advent was reorganized into two market facing groups; Advent Advisory headed by Welling and Advent Alternatives and Asset Management, led by Roley. Both will report to Norm Boulanger, president and chief operating officer of SS&C.

US Trust made a splash of hires across five states. In Delaware, Daniel Thompson joined the Wilmington office as a private client advisor. He previously worked at Barclays Wealth and Investment Management as the Philadelphia regional manager/director. In New York, Dennis Fogarty joined as a portfolio manager. He previously worked at Bank of America as a senior equity portfolio manager. Also in New York, Edward Finley joined as private client advisor, as did Fatima Sanandaji, joining from HSBC.

In Pennsylvania, Kenneth Montgomery joined the West Conshohocken office as a private client advisor. He previously worked at Hawthorn as a senior relationship strategist. Meanwhile, in the Lone Star state, Courtney Hall joined the Austin office as a senior trust officer. She previously held the same position at Wells Fargo.

In Washington, Jean-Pierre Green joined the Bellevue branch as a private client manager. He previously worked at Key Private Bank as a senior vice president and relationship manager (private banker). Lastly, in Washington, DC, Erin Hogan was appointed as a philanthropic sales specialist. She previously worked at JP Morgan Private Bank as an executive director of The Philanthropy Centre.

Vanguard named Michael Rollings as chief financial officer and head of its finance division. Rollings was previously executive vice president and chief financial officer at MassMutual Financial Group. He took the role from Glenn Reed, who will remain a member of the firm's senior leadership team and lead Vanguard's strategy division. He will be responsible for all of the firm's finance functions, including middle-office investment operations, investment product accounting and administration, and internal audit.

Maitland, the global advisory and fund administration firm, set up shop in Miami, FL, to serve its expanding pool of Latin American clients. Reid has relocated to Miami to continue to lead the group’s business development efforts in the region. He was joined by client relationship managers Pedro Olmo and Camila Saraiva, who will be responsible for the day-to-day management of Maitland’s book of LatAm clients. Olmo joined Maitland from Turim family office in Brazil, while Saraiva joined the team from Barbosa Legal, a Miami-based Brazilian law firm focused on UHNW clients.

The law firm Jenner & Block launched a private wealth practice, recruiting wealth management lawyers Barbara Grayson and Debra Levin, and department counsel Anne Brynn, in Chicago, IL. Grayson was most recently a partner in the Chicago office of Mayer Brown, while Levin joined from Seyfarth Shaw, where she was a partner. Brynn was most recently senior counsel in the wealth management group at BMO Harris Bank.

Former UBS man John Campanello stepped into Merrill Lynch’s Southlake, TX, office, re-joining the firm as a senior vice president and wealth management advisor. Campanello was joined by senior client service associate Peggy Cappelletti, who he has worked with since 1997. Lauren Campanello, his daughter, also joined the team as a financial advisor trainee. Campanello specializes in retirement income planning for affluent executives, business owners, retirees and their families. He started his career at Morgan Stanley in 1993, leaving the firm in 2001 for Merrill Lynch. He left Merrill to join UBS in 2009.

JP Morgan made a round of job cuts affecting around 100 employees in a range of roles and locations, The Wall Street Journal reported, citing “people familiar with the matter.” The firm declined to comment when contacted by Family Wealth Report. The news reportedly follows previous rounds of layoffs across the country in recent months. The WSJ said JP Morgan “has been recalibrating its private bank,” noting that clients will be required to have at least $10 million in investable assets later this year - twice the current minimum of $5 million. The WSJ added that its source said the private banking division reviews its employee ranks and culls underperformers “every year,” and that it “continues to actively hire.”

Nuveen Investments, an operating division of TIAA Global Asset Management, recruited Bill Stout as a managing director and head of alternative investments business development. In this newly-created, New York-based role, Stout will help Nuveen place private funds onto the investment platforms of wealth managers who serve retail and high net worth investors. He is also tasked with growing the firm’s alternative investment distribution capabilities and representing investment strategies to clients on behalf of portfolio managers.

Stout was most recently managing director of business development and investor relations at Corsair Capital Management, an event-driven hedge fund manager, where he was responsible for leading the sales and client service efforts. Before that, he was a managing director at the hedge fund-of-funds firm Robeco-Sage as well as successor firm Arden Asset Management holding sales, business development and investor relations leadership roles. In his new role at Nuveen, Stout will report to Mike Perry, managing director and head of alternative investments.

Former Geller & Co executive Joe Calabrese joined Key Private Bank as national head of investments - a new role at the firm. Calabrese most recently served as president and chief executive of Geller Family Office Services, the New York-based RIA and multi-family office. He took on the role in September 2013, joining from Harris myCFO, the multi-family office unit of BMO Private Bank. He left in December 2015.

Based in New York City, Calabrese is now responsible for the development and execution of Key’s private client and institutional investment strategy for wealthy individuals, families, business owners and institutions. He will report to Terry Jenkins, president at the firm. Geller & Co's Hayden Horowitz now serves as chief operating officer of Geller Family Office Services, overseeing the business with the rest of the team, alongside his other role as head of real estate solutions.

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Wilmington Trust expended its wealth advisory team in Delaware with three new hires at its headquarters in the state. Sandra Massa joined as a senior private banker, while Suan Tan and Stephen Crifasi joined as a fiduciary advisor and private client advisor respectively.

As a senior private banker, Massa works with high net worth individuals, providing banking and credit solutions offered by M&T Bank, Wilmington Trust's parent company. She also provides services through the local wealth advisory team including investment management, planning, trust, family governance and family office services. Massa has joined the firm from PNC Bank, where she was vice president of commercial banking.

Crifasi was previously a private client advisor within Wilmington Trust’s family wealth unit, having been a research analyst at Penn Square Capital before joining the firm in 2009. In his new role, he will work with clients – including HNWIs, families, business owners, entrepreneurs and foundations – and their advisors throughout the Mid-Atlantic region.

Lastly, Tan, a fiduciary advisor, will serve personal trust clients in the Mid-Atlantic region as well as nationally. He was previously a trust marketing officer at M&T Bank and before that a trust associate at Morgan Stanley Smith Barney and trust assistant at Citi Trust.

The former chief investment officer of Merrill Lynch's global wealth management business, Chris Wolfe, was appointed as CIO at First Republic Private Wealth Management. Family Wealth Report understands that Merrill Lynch will be naming a successor in due course.

Wolfe will report to Bob Thornton, president of First Republic Private Wealth Management, which includes First Republic's investment, trust and brokerage groups. Wolfe held his previous Merrill Lynch post for ten years and before that was global head of equities at JP Morgan Securities/JP Morgan Private Bank. Earlier, he held research management roles at Lincoln Capital and Dover Management.

BNY Mellon Wealth Management created two new roles dedicated to markets in the north- and south-west regions of the US. Robert Kricena was named regional president of the northwestern zone, which spans San Francisco, CA, Palo Alto, CA, Menlo Park, CA, Seattle, WA, and Denver, CO.   Kricena previously held leadership roles overseeing the growth of investment, wealth management and private banking operations at Wells Fargo in California.

Meanwhile, Shannon Kennedy, who previously led BNY Mellon's wealth management offices in the Orange and San Diego counties, will now lead the firm’s southwest offices. This region encompasses San Diego, CA, Newport Beach, CA, Los Angeles, CA, Las Vegas, NV, and Dallas, TX.

Kennedy joined BNY Mellon in 2013 as regional president of the Newport Beach, CA, branch. In that role, she oversaw the firm’s expansion into San Diego County, and also solidified its presence in Orange County. Earlier, Kennedy spent 26 years at Northern Trust in roles including global director of sales, marketing and portfolio management for the firm’s global family and private investment offices group. Kennedy and Kricena will both report to David Emmes, president of US western markets at BNY Mellon Wealth Management. They are based in Menlo Park and Newport Beach respectively.

Ford Clary joined US Bank's Private Client Reserve as a managing director in Seattle, WA, charged with leading the personal trust team. Clary was previously a fiduciary advisory specialist at Wells Fargo Private Bank and before that a senior trust officer at Merrill Lynch Trust Company. He began his career in the banking and financial services industry in 2007. In his new role at US Bank, he will work with clients and their legal advisors on the financial and estate planning side.

Evercore Wealth Management hired Thomas Mahowald as a managing director and portfolio manager in Minneapolis, MN. Mahowald was formerly a portfolio manager at US Trust and before that chief investment officer in the Twin Cities at Great Northern Capital, an asset manager for institutional and high net worth individual clients. Earlier still, he was director of equity research at FAF Advisors and American Express Financial Advisors. At Evercore, Mahowald reports to Martha Pomerantz, a partner and portfolio manager.

Union Bank boosted its private wealth management team in California with three hires. Simone Branigan, Ralph Dickman and Mary Murray all joined as vice presidents and private wealth advisors. Branigan is based in Beverly Hills, serving the Beverly Hills, Santa Monica, and Pacific Palisades markets. Dickman is based in San Jose, serving the San Jose and Palo Alto markets, and Murray is based in Rancho Santa Fe, serving the Rancho Santa Fe and northern San Diego markets.

They all report to Joe Sweet, managing director and head of private wealth management. Branigan returned to Union Bank after serving as a private client advisor at City National Bank for the last several years. Dickman also joined from City National, where has was a private client advisor. He spent the first half of his career in the technology industry in Silicon Valley. Lastly, Murray spent over 30 years at Wells Fargo Private Bank in a variety of roles, most recently as a wealth management advisor.

Regions Bank named Kate Danella as its new head of private wealth management, taking the reins from Anne Copeland, who the firm confirmed is leaving to “pursue executive coaching opportunities.” Danella joined Regions in 2015 as its wealth strategy and effectiveness executive; taking on this role will be Jeremy King, who started working at the firm in 2007 and latterly served as support manager of the private wealth management group.

Both Danella and King are based in Birmingham, AL. Earlier in her career, Danella spent 13 years as a vice president at Capital Group Companies, a global wealth management organization. During her time there, she was a senior sales and service leader for the institutional business, as well as senior marketing leader for the global marketing organization, and strategy and business manager for the American Funds mutual fund business.

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Advisor Partners, the US investment manager, recruited business development expert Scott Ruddick as a managing director in Boston, MA. Ruddick was most recently managing director of business development for North America at Mellon Capital Management, a BNY Mellon firm, where he spent 14 years overall. Earlier, he was a managing director and head of institutional at Eaton Vance Investment Managers, and held marketing and client service roles at PanAgora Asset Management and The Boston Company.

Peter Raimondi, president at Boston Private Wealth, is leaving the firm. Raimondi moved over to Boston Private Wealth when it acquired his former firm, Banyan Partners, two years ago. Corey Griffin remains as chief executive of Boston Private Wealth and Raimondi will stay at the firm for the next couple of months. The firm said that a replacement was not being considered at this stage.

Bank of the West named one of its private client advisors, Spencer Gould, as a senior client executive at the Los Angeles, CA, branch of its family wealth advisors division. Before joining Bank of the West, Gould was a managing director at First Foundation. He has also worked at Bank of America's private bank and BNY Mellon Wealth Management, in addition to smaller boutique firms.

Wilmington Trust promoted Larry Gore to senior vice president and co-manager of its wealth advisory business, alongside Mark Graham. The firm confirmed that the co-manager position is new, as Graham previously oversaw of all of wealth advisory.Gore is tasked with overseeing the national strategy for business development and planning, as well as investment advisory. He will also oversee wealth advisory services spanning the New York, Connecticut, Massachusetts and northern New Jersey markets, as well as Atlanta, GA, Florida and Los Angeles, CA. Gore joined Wilmington Trust in 2010 as president of the New York wealth advisory office before being promoted to Northeast region president in 2014, overseeing the New York metro region, northern New Jersey and Boston markets. He had previously spent 18 years at UBS and has also spent time working at JP Morgan.

Artivest, the investment platform that provides access to alternative funds, named Michael Kosoff as director of investment research. Kosoff was previously managing director and head of hedge fund strategies within Bank of America Merrill Lynch's global wealth and investment management division. Before that he was a vice president of hedge fund research at CTC Consulting.

Robert Sierens joined Citi Private Bank's Chicago, IL, office as central regional market manager – a new role at the firm. Sierens will report to Mark Connally, global market manager for the central region at Citi Private Bank in North America. He joined Citi from Credit Suisse Private Banking, where he was latterly Midwest regional manager, responsible for 55 relationship managers and 45 staff members.

He previously held management roles at Credit Suisse including as Northbrook, IL, branch manager, central region sales manager and national training program coordinator. He started working at Donaldson, Lufkin, and Jenrette in 1999 to oversee ultra-wealthy, family office and small institutional clients within the Chicago region.

Lombard International, the global wealth structuring firm, is pressing on with its US expansion and named Michael Gordon as its new chief executive of the region. Gordon took the reins from John Hillman, who is now executive chairman of Lombard International globally following the integration of US-headquartered Philadelphia Financial with Luxembourg-headquartered Lombard International Assurance in September 2015.

Gordon was previously global head of insurance solutions at BNY Mellon and has also served as CEO of Tiber Capital Management, where he managed assets for insurance and reinsurance companies. Earlier still, he was an executive at New York Life Insurance Company, leading investment and insurance product management, sales and marketing. Gordon will spend time working at the firm's recently-launched New York City office as well as in Philadelphia, PA.

RBC Wealth Management named Michael Armstrong as its new chief executive for the US, effective when current CEO John Taft retires on May 31. Armstrong will move to RBC from Jefferies & Co, where has been global head of wealth management since joining in 2014.

He will lead RBC Wealth Management's 4,700 US employees from its headquarters in Minneapolis, MN, reporting to Russell Goldsmith, chairman and CEO of City National Bank. Goldsmith was given the additional responsibility of overseeing RBC Wealth Management-US when RBC acquired City National in November 2015.

Before starting at Jefferies & Co, Armstrong held senior roles at Morgan Stanley between 1987 and 2012. In 2006 and 2007, and again in 2011 and 2012, he oversaw Morgan Stanley’s global wealth management capital markets business. Then from 2008 until 2010 he was global head of the company’s private wealth management division – a role in which he oversaw a 2,100-person team focused on high net worth clients in the US, Latin America, Europe and the Middle East. Earlier, he worked in the fixed income division as well as in Hong Kong as chief operating officer of a regional enterprise with nine offices in 11 Asian countries.

Casey Hannon joined Citi Private Bank as a director and investment counselor in the Mid-Atlantic region.  Hannon will be based in Philadelphia, PA, and report to Michael Persinski, head of investment for the US eastern region at Citi Private Bank. Rob Kyle, who left Citi Private Bank around a year ago, was the previous investment Philadelphia-based counselor.

Hannon joined Citi Private Bank from JP Morgan, where he spent 14 years – most recently as a private banking investment specialist in Philadelphia. In that role, he was responsible for all Mid-Atlantic investments business based in the state and led a team of six investment professionals. Earlier, Hannon was a senior business analyst in JP Morgan's Delaware office.

Riverview Trust Company, a wholly-owned subsidiary of Riverview Community Bank, named Christopher Cline as president and chief operating officer. Cline, the trust company's first COO, will work alongside chairman and chief executive John Karas to oversee day-to-day business operations, and lead strategic planning and business development efforts. Before joining Riverview, Cline was senior regional fiduciary manager at Wells Fargo, heading up trust services in Oregon and southwest Washington. He has also helped with the drafting and revision of Oregon trust and estate law over the past ten years, Riverview said.

Gratus Capital Management, the Atlanta, GA-based RIA, brought in Marc Heilweil as a portfolio manager. Heilweil was previously president and founder of Atlanta-based Spectrum Advisory Services, which has served high net worth individuals and families for 40 years. He has also managed the Marathon Value Portfolio, a mutual fund, since 2000.

Banc of California hired Arby Sanoyans and Anto Shakelian as senior directors within its Century City private banking office. Sanoyans spent the last seven years at Wells Fargo, where he was most recently a vice president and senior private banker. Shakelian also joined from Wells Fargo, where he served for ten years, most recently as a vice president and private banker. 

Arizona Bank & Trust, a division of Heartland Financial USA, brought in Tim Schultz to lead its private client services business. Schultz replaced Nancy Tengler, who has been promoted to chief investment officer for Heartland. Tengler and Schultz will both be located the bank’s Camelback banking center.

Schultz’s primary responsibility is to lead and grow the private client services business in the state of Arizona. He was most recently regional a wealth manager at Johnson Bank and chief operating officer for the western region at BMO Private Bank. Before that, he was director of institutional trust, including family office Services, at two other financial institutions.