Here is a roundup of executive moves in the global wealth management industry for January 2017.

UK 
Legal & General Investment Management brought in Helena Morrissey as head of personal investing for its UK direct business – a new role at the firm. Morrissey is building a digital platform for direct clients, focused on managing milestones such as investing for retirement. Morrissey founded the 30% Club and chairs the Diversity Project.

Bordier appointed Andrew Clotworthy and Andrew Rowlands as business development manager and marketing manager, respectively, within its sales and marketing team. Clotworthy joined from Canaccord Genuity, where he led intermediary distribution. He also spent a 16-year stint with Charles Stanley earlier in his career. Rowlands kick-started his career with UBS Global Asset Management within its retail marketing team and joins Bordier from Brooks Macdonald, where he spent five years. As a marketing executive, he co-ordinated various campaign initiatives targeted at advisors and institutional investors, and was responsible for managing numerous third-party relationships.

Standard Chartered appointed a former chief executive of the UK's financial watchdog, Tracey McDermott, as group head of corporate, public and regulatory affairs. McDermott served as acting CEO of the Financial Conduct Authority from September 2015 until June 2016. Prior to that, she held numerous senior roles at the FCA and was responsible for the conduct regulation of the UK's financial services sector. She is now responsible for Standard Chartered's global public affairs, sustainability and communications operations. She reports to Bill Winters, group CEO.

Standard Life made a set of boardroom changes. Paul Matthews, chief executive for the UK and Europe pensions and savings, stood down as an executive director. Barry O’Dwyer, CEO for Standard Life Assurance, was appointed to the board as an executive director and assumed Matthews' responsibilities for the pensions and savings business. Matthews is to retire from the firm on 31 August. He joined the firm in 1989 and, following senior roles in distribution and relationship management, was appointed UK CEO in 2011 and UK and Europe CEO in 2012. Matthews was appointed to the board of Standard Life Assurance in 2007 and the board of the company on 1 November 2015. O’Dwyer joined the firm in 1988. Between then and 2008, he held various marketing, product development and actuarial roles.
Standard Life Investments named Deborah Gilshan as governance and stewardship director of its environmental, social and governance investment team. Gilshan joined from RPMI Railpen, where she leads work on sustainable investment strategies.

Octopus Investments appointed Chris McVey, formerly a director at Citigroup, as a fund manager in its smaller companies team. With 16 years in the UK smaller company equity market, McVey’s last role saw him specialising in UK small- and mid-cap investments. He also worked at Gartmore as an investment manager and analyst, focusing on FTSE AIM and UK small-cap equities, according to a statement from Octopus.

Connection Capital appointed Scott Barham as a portfolio director in its private equity team. Previously, Barham worked at Hamilton Bradshaw, the mid-market private equity firm run by James Caan, where he was commercial director responsible for investments in private equity and direct commercial and residential property transactions.

James Hambro & Partners appointed James Beck, a founding partner of Quilter Cheviot, as a partner. Beck joined after spending 10 years with Quilter Cheviot. As a founder, he was responsible for managing portfolios on behalf of individuals, trusts, charities and pension funds. Prior to that, he worked at James Capel Investment Management and Laing & Cruickshank, the latter of which was acquired by UBS Wealth Management.

Stonehage Fleming appointed a former JP Morgan Private Bank managing director, Andrea Tardy, as a partner in its Geneva office, a newly-created role. Tardy joined JP Morgan in 1997 and moved to its private banking arm in 2000 to lead the wealth advisory business in the Europe, Middle East and Africa region. He was then named head of investment solutions for EMEA in 2006. Between 2006 and 2009, Tardy spent stints with Union Bancaire Privée and Goldman Sachs. He rejoined JP Morgan in 2009 as head of the Swiss market.

Former UK chancellor of the exchequer George Osborne joined asset management giant BlackRock as a senior advisor. The new role marked Osborne's first appointment since being dropped last summer by the prime minister, Theresa May, amid her Cabinet shake-up. The Conservative MP will be reunited with his former top economic advisor, Rupert Harrison, who took a senior position with BlackRock last year.

Independent investment manager Baillie Gifford appointed three new partners. The trio were Eleanor McKee, director with responsibility for clients invested in multi-asset strategies; John Carnegie, director with responsibility for clients in the global alpha strategy; and Donald Farquharson, investment manager in the firm's Japanese equity team. Elaine Morrison, a partner, left after spending 28 years with Baillie Gifford working both as an investment manager and latterly in its clients department.

Global investment manager Cerno Capital appointed Tom Milnes as business development director, a newly-created role. Milnes has more than 15 years' experience in business and industry knowledge. He joined from Investec Wealth & Investment, where he was business development director. Prior to that, he held roles in investment sales at LV Asset Management and Rathbones.

Rowan Dartington appointed Marcus Adams as its chief risk officer, a newly-created role. Adams joined from Friends Provident International, where he was international risk director. His new role, based in Bristol, sees Adams join the company's board.

BlueBay Asset Management recruited Timothy Ash, previously of Nomura, as its emerging markets senior sovereign strategist. At financial services group Nomura, Ash was head of Central, Eastern Europe, Middle East and Africa credit strategy. He has also previously held positions as head of emerging markets research at ICBC-Standard Bank, Royal Bank of Scotland and Bear Sterns. Ash is based in London, reporting to David Dowsett, partner and co-head of emerging markets.

Northern Trust made a host of leadership changes including three new presidents, a new chief risk officer and an addition to its management board. Peter Cherecwich is president for corporate and institutional services, while Jeffrey Cohodes took on Cherecwich’s previous position of president of corporate and institutional services - Americas. Cohodes also took on the role of advisor for global counterparty strategy, focusing on credit risk and regulatory requirements across capital markets and banking.

Wilson Leech took over Cohodes’ previous role as CRO, while Teresa Parker succeeded Leech as president of Northern Trust - EMEA, subject to regulatory approval. Cherecwich has over 30 years' financial services experience. He joined Northern Trust in 2007 and has served as COO, head of institutional product and strategy for corporate and institutional services, as well as president of global fund services. Cohodes was CRO at the firm from 2011. He has also held leadership roles across asset and wealth management and was once chief strategy officer for the corporation.

Leech was president of Northern Trust - EMEA from 2010, overseeing asset servicing, and asset management solutions and services for institutional and ultra-high net worth clients across the region. He has worked in financial services for more than 25 years. He joined Northern Trust in 2004 to lead global fund services. Leech will be based in Chicago. Parker is based in London, and has held leadership roles throughout the enterprise, including president for Northern Trust - Asia-Pacific, head of the institutional and wealth management businesses in the EMEA, COO for Northern Trust - EMEA, and global head of asset servicing.

Legal & General appointed Kerrigan Proctor, managing director of Legal & General Retirement, as a group executive director of the company. Proctor was MD of L&G's retirement arm from January 2013. He oversees the retirement business, which invests more than £50 billion ($61.5 billion) of assets to back L&G's annuity promises to its pensioners. Proctor was previously head of solutions at L&G Investment Management from 2006 to 2012.

Waverton Investment Management, a UK firm, hired Mark Harrison, previously of the Cabinet Office in the UK civil service, as its chief operating officer. Harrison was a senior commercial specialist at the Cabinet Office, responsible for the relationship with a major government supplier. He has over 30 years’ financial services experience in executive management, consultancy and advisory roles, specialising in IT, operations and change management. 

BMO Global Asset Management appointed Marga Hoek, also of Business for Good, to its investment advisory council. Hoek joined as Annemieke Wijn steps down after a two-year term. At Amsterdam-based Business for Good, Hoek held the positions of founder and chief executive.

Legal & General Investment Management appointed Matthew Kemp as senior investment sales manager for its London-based operations. Kemp joined the firm from Ashburton Investments, where he was head of UK wholesale distribution. Prior to that, he was a partner at Smith & Williamson for six years. 

Brewin Dolphin appointed former Barclays Wealth private banker Godfrey Cromwell as a divisional director within its London office. Cromwell spent eight years with Barclays wealth management arm as a private banker. He has a background in developing UK and international businesses.

Bryan Cave hired David Adler, previously of McDermott Will & Emery, as a partner. Adler is a US tax lawyer advising international entities, individuals and intermediaries on planning with a US component. He advises on issues arising under the US Foreign Account Tax Compliance Act and the OECD Common Reporting Standard. He was also a partner at McDermott Will & Emery.

Old Mutual Wealth said Lord Leitch was stepping down from his positions as non-executive director of the firm's board and as chairman of the Intrinsic Financial Services board. Gregor Stewart, who has been an independent non-executive director of Intrinsic since September 2015, became chairman of the Intrinsic Financial Services board. Gill Davidson replaced Wallace Dobbin, who recently announced his retirement, as chief risk officer. Dobbin became a non-executive director of the Intrinsic Financial Services board in May 2017.

The Global Impact Investing Network hired Ashley Elliot, of research and strategy firm Sofala Partners, as global liaison for East Africa. Elliot is managing partner of Sofala, where he helps lead the firm in giving advice to organisations operating in sub-Saharan Africa, including impact investors. He has also worked as general manager at Africa Practice Tanzania, advising global companies on investment strategy in East Africa.

Hargreaves Lansdown internally promoted chief people officer Heather Cooper to director. Cooper joined the firm in November 2015 from Gordon Cooper Associates and has extensive expertise in the development and implementation of people management strategies. 

Baillie Gifford, an Edinburgh-based asset manager, appointed Karen See and Felicia Hjertman as co-managers of two Japanese funds in newly-created roles. As co-manager of the Baillie Gifford Japanese Income Growth Fund, See will work alongside Matthew Brett in managing the fund, which was launched in July 2016 and has assets of more than £100 million ($121.3 million). See joined the firm in 2012 and has been a member of its Japanese equities team since.

Ruffer appointed Clemmie Vaughan as its chief executive, replacing Henry Maxey, who for the last five years has carried out the dual roles of CEO and chief investment officer. Vaughan has been with Ruffer for 12 years. She was previously head of the firm's private client department and a member of the executive committee and management board. Maxey remains chief investment officer and continues to lead Ruffer's investment process. Jonathan Ruffer remains executive chairman, continuing to work closely with Vaughan and sharing responsibility for asset allocation with Maxey.

London-headquartered property investment platform BrickVest named Jean-Romain Lhomme, formerly the head of Colony Capital Europe, to its board, a newly-formed position as it expands operations. He is lead investor in the present fundraising round at BrickVest. Lhomme co-headed Colony Capital Europe from 2000 to 2015, and was responsible for identifying, valuing, executing and monitoring European investments. As an active technology business angel since 2015, he co-founded PJX10, a laboratory dedicated to innovative start-ups, with technology entrepreneurs.

Smith & Williamson, the UK-based investment management, accountancy and tax group, brought in Rupert Phelps, formerly a director of family office services at Savills, as a partner to build out the FO services area. Phelps has worked in the wealth management space for almost 20 years. At Savills, he was director of its family office services and, previously, carried out a similar role at BNY Mellon.

Royal London Asset Management recruited Peter Rutter, James Clarke and William Kenney, all of Waverton Investment Management, to create a new global equity team. Rutter was head of global equities at Waverton. Prior to that, he was a partner at IronBridge Capital Management and part of Deutsche Asset Management’s global equities team. Prior to Waverton, Clarke was a partner at IronBridge Capital, while Kenney was a partner at Spencer House Capital Management. All three worked together at Waverton Investment Management. Clarke and Kenney have also both worked at Deutsche AM.

Creechurch Capital, the Isle of Man-headquartered discretionary fund manager, appointed Paul Warburton, formerly a wealth manager at Coutts, in a new role as its head of investments. During his stint with Coutts, Warburton provided investment advice to a portfolio of wealthy private clients while collaborating with their professional advisors.

Quilter Cheviot named Charles Mesquita, formerly of New Investment Management and Investec Wealth & Investment, as charity director, a newly-formed position.

WisdomTree hired Altaf Cassam, previously of Aberdeen Asset Management, as head of compliance in Europe. Cassam has 15 years’ financial service experience, including senior positions at Ernst & Young, investment manager Pioneer, asset manager Threadneedle and corporate and investment banking firm Natixis. He was a MiFID II consultant at Aberdeen.

Withers hired Jeremy Arnold, formerly of investment management firm Waypoint Capital, to a newly-created partner role within the firm's private client and tax team. Arnold was originally an associate and partner at Withers from 1985 to 2006, following which he moved to Barclays Wealth. There, he helped to establish the group's wealth advisory arm. Two years later, he was appointed general counsel to Kedge Capital, which became Waypoint Capital.

UBS Wealth Management hired Ohad Greenfeld, previously of Edmond De Rothschild, as managing director and head of Israel business in London. At Edmond de Rothschild, Greenfeld was managing director, responsible for the private banking and asset management firm’s Israel business in London. Before this, he spent six years building the Israel business at Barclays Wealth.

RBS International appointed Peter Brown, previously head of the RBS Financial Institutions Group in the UK, as its new head of funds. His previous role included heading up the RBS funds banking business in London. Brown has more than 25 years’ experience in corporate and institutional banking, and was one of the founding members of the RBS mid-market leveraged finance business, delivering multi-million-pound buyout transactions alongside key private equity sponsors. Brown leads a funds banking team that supports over 1,000 fund manager and fund administrator customers in the UK, Jersey and Guernsey.

JM Finn appointed Brett Bayliss and Dominic May to its management committee. May continued to act as head of risk but also took on the role of chief financial officer, the duties of which were previously performed by Steven Sussman, chief executive of the investment management firm. Bayliss is based in the Bury St Edmunds office of the firm.

Adam & Co appointed Christopher Cowan, previously of Hampden Bank and who used to work at Adam & Co, as private banking director. Cowan spent nearly two and a half years as banking director at Hampden, and also worked at Barclays Wealth and Investment Management. Prior to that he was at Adam & Co for more than 17 years, where he was a private banker. Cowan replaced Philip Lee, who left the company in November last year, moving to UBS.

Tilney Bestinvest appointed Will Samuel, currently chairman of TSB Banking Group, as its chairman. Samuel has been a chairman at Ecclesiastical Insurance Group and a non-executive director at Edinburgh Investment Trust. He has also held non-executive roles at non-financial services firms such as Howdens Joinery Group, cider company HP Bulmer Holdings and motor company Inchcape. He has worked for over 35 years in the City.

A veteran fund manager at Columbia Threadneedle, Stephen Thornber, recently died. “It is with much sadness we announce that Stephen Thornber, manager of the Threadneedle Global Equity Income Fund, passed away on 28 December 2016. Stephen joined Threadneedle at the company’s inception in 1994 and has been a valued colleague and investment team member since then,” it said.

Thornber’s portfolio responsibilities were assumed by senior members of the global equities team under the leadership of William Davies. 

Switzerland
Julius Baer appointed Stefano Spurio as its new head of intermediaries for western Switzerland, Monaco and the Middle East. Spurio took on the role at the start of February. He took over from Laurent Pellet, who left the bank. After joining Zurich-listed Julius Baer in 2005, Spurio covered various senior roles in investment advisory for private banking and external asset managers for the French-speaking part of the Alpine state. 

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Switzerland
Lombard Odiers appointed two managing partners, Annika Falkengren and Denis Pittet. Falkengren is president and chief executive of Sweden’s SEB, the banking group. She joined Lombard Odier in July lasdt year, based in Geneva. Falkengren joined SEB in 1987, becoming CEO of the Swedish group in 2005. She is chairman of the Swedish Bankers Association. Pittet became a managing partner. He joined Lombard Odier in 1993 as a trained lawyer. He was group legal counsel before joining the private clients unit in 2015, where he took over the responsibility for the independent asset managers’ department and led the expansion of wealth planning services in the areas of family governance and philanthropy. He became a group limited partner in 2007. He is also chairman of the Fondation Philanthropia, an umbrella foundation supporting clients’ long-term philanthropic projects.

International (Middle East, Europe, other)

Fred Couples, the top-class golfer who won tournaments such as the Masters with his trademark elegant swing, was named as a brand ambassador for Berenberg, Germany’s oldest bank. A former world number one golfer, Couples agreed a partnership to run over a “number of years”, Berenberg said. Couples will wear the bank’s lettering on the front of his cap and take part in several of the lender’s tournaments, including the Berenberg Gary Player events in Wentworth, UK, and GlenArbor, near New York.

Deutsche Bank appointed Fred Hilal as head of wealth management in the Gulf region (excluding Saudi Arabia), replacing Callum Watts-Rehman, who left the lender in August last year to pursue a career outside of financial services. Based in Dubai, Hilal reports to Steve Wainwright, head of wealth management Middle East and Africa. Hilal has more than 20 years' experience across the wealth management industry. He spent the majority of his career with Merrill Lynch, where he held various senior leadership positions within its wealth management division in Dubai, Monaco, Geneva and Lebanon, including global head of wealth management, Middle East, and country executive, Monaco.

International offshore law firm Carey Olsen appointed Tim Wright as a senior associate to its dispute resolution and insolvency team situated in the British Virgin Islands. Prior to joining the firm, Wright worked in London for specialist litigation firm Candey and law practice Morgan, Lewis & Bockius. His recent work included acting for the claimant in a high profile dispute over the ownership of luxury hotel group Aman Resorts.

ABN AMRO announced the departure of one of its managing board members. Joop Wijn stepped down from the board, to join the board of payment fintech company Adyen as chief strategy and risk officer. Wijn joined ABN AMRO in early 2009 and was appointed to the board on 1 April 2010. He is responsible for the bank's corporate banking division.

Boston Multi Family Office, headquartered in the Isle of Man, appointed a senior trust lawyer as the new managing director of its Malta operations. Dr Andrew Chetcuti Ganado took on the role, while outgoing managing director Chris Borg moved to a new role at Deloitte Malta. Having received his doctorate degree in law in 1998 from the University of Malta, Dr Chetcuti Ganado was admitted to the bar the following year and has since also gained an IFSP Certificate in Trusts Management and Administration. He spent more than 15 years with Bank of Valetta, progressing from legal advisory positions to become the executive head of the trustee services unit. Since leaving the bank in 2015, he has continued to work in law through his own firm, AC Ganado Legal.

The Dubai International Financial Centre Authority appointed Yazan Mohamad Al Nasser as chief financial officer. Prior to joining the DIFC, Al Nasser worked with Emaar Malls PJSC as CFO, where he was responsible for a portfolio of shopping malls and community centres. Collectively, he has more than 30 years' experience in the fields of finance and audit.

Offshore law firm Appleby appointed three lawyers to its dispute resolution team in Mauritius. The lawyers are counsel Yahia Nazroo, who joined on 15 December last year; senior associate Melissa Virahsawmy, who joined on 12 December; and associate Yantee Hurnaurn-Calcutteea, who joined on 7 December. 

Deutsche Bank appointed Philippe Vollot as global head of anti-financial crime and group money laundering reporting officer, just days after the previous head, Peter Hazlewood, left the position after just six months. Vollot has been with the Frankfurt-headquartered bank for more than 13 years and most recently held the position of global chief operating officer for regulation, compliance and anti-financial crime. He has also held various positions within the compliance, anti-money laundering, legal and regional management fields. Aside from his roles within the private sector, Vollot has also worked for the French Financial Markets Authority.

North America

Northern Trust appointed Clint Zweifel as chief operating officer at its St Louis, MO, wealth office.  Zweifel - formerly Missouri State treasurer since 2009 - has business development duties throughout the state and reports to Thomas Collins, head of the St Louis branch. Before his stint as Missouri State treasurer, Zweifel was a member of the State House of Representatives from 2002 until 2009.

Northern Trust also recruited Melanie Pickett as head of front office solutions. This is a new line of business within asset servicing that addresses the operational and technology needs of complex asset allocators - such as foundations and family offices - globally. Pickett has around 15 years of experience in senior operations and technology roles, most recently as chief operating officer at Emory Investment Management. She also spent over a decade managing operations and technology strategy for Morgan Stanley’s global wealth division. 

The former Westchester Wealth Management Group of Wells Fargo Advisors and Legacy Group of Morgan Stanley linked up to launch Cognetic Capital Advisors through HighTower. Co-founders Joel Talish, chief executive, and John Buffa, managing director, lead the new team, which manages $1 billion in assets and is based in New York City. Buffa and Talish spent the previous 19 and 10 years at Morgan Stanley and Wells Fargo, respectively.

Raymond James appointed financial advisor Suzanne LaTour to its San Diego, California office, according to David Richman, branch manager of the firm's San Diego complex. LaTour joined the Florida-based firm from Merrill Lynch, where she previously managed more than $100 million in client assets and had around $850,000 in annual production. She started her financial services career in 1988 in sales before joining what was then Morgan Stanley Smith Barney as a financial advisor in 1993.

Dynasty Financial Partners appointed Joseph Rizzo as director of registered investment advisor growth strategies, based in New York and reporting to Dynasty’s chief executive, Shirl Penney. Rizzo previously was president at Steward Partners Consulting Solutions. 

Maryland-headquartered EagleBank, which provides a range of services including investment advice, appointed Leslie Ludwig to its board of directors. Ludwig is a partner and chairperson of the management committee at The JBG Companies, and has over 30 years of experience in real estate finance and capital markets. She oversees the management of finance, accounting, human resources, insurance and marketing, and provides leadership on JBG's diversity initiatives. Prior to joining The JBG Companies in 2002, she was senior vice president at Wachovia Bank. 

Jenny Bratt joined the law firm Withers as a partner in San Diego, CA, from DLA Piper. Bratt's areas of expertise include US and international trust and estate planning, as well as tax advice, charitable giving and advising families on their business structures.  

BNY Mellon Wealth Management appointed Rachel Brasso as a senior wealth manager and fiduciary specialist within its San Francisco office. Prior to joining the New York-based firm, Brasso spent more than four years with BNP Paribas-owned Bank of the West as a vice president and senior fiduciary specialist. Earlier in her career, she also served as a trust officer with Merrill Lynch, where she provided clients with trust-specific, tax and investment services, BNY Mellon WM said in a statement. In her new role, Brasso reports to regional president Amy Millma.

RBC Wealth Management appointed Bob Gipp as branch director of its Raleigh office, according to Chip Anderson, director of the firm's Atlanta complex. Gipp joined from Wells Fargo Advisors with four years' industry experience. In his new role, he will oversee one of RBC's offices in the Southeast of the US.

Deutsche Bank Wealth Management appointed Mike Isikow as head of private markets within its global products and solutions group - a new role at the firm. Based in New York, Isikow will lead a global team that provides illiquid assets - such as private equity and co-investments - across all asset classes to ultra-high net worth clients. He joined from Credit Suisse Wealth Management, where he most recently led the private equity product management team. Earlier, he worked at Donaldson, Lufkin & Jenrette, as well as at Cleary, Gottlieb, Steen & Hamilton and JP Morgan.

US-headquartered investment advisory firm FL Putnam Investment Management appointed Abby Psyhogeos as senior vice president and private client advisor. She will be based in Portland, Maine. Psyhogeos joined from Bainco International Investors, a registered investment advisor, where she spent nearly 30 years working with high net worth clients, serving as president and managing director of portfolio strategy.

BNY Mellon Wealth Managemen promoted Peter Wilson, formerly an associate wealth manager at the firm, to the position of wealth manager in Delaware. Before serving three years as an associate at the wealth management arm of BNY Mellon, Wilson worked within its asset servicing business. He joined in 2010 when BNY Mellon acquired PNC Global Investment Services. Wilson is based in Greenville and reports to team leader Gregg Landis. Wilson provides wealth and investment planning services for the firm’s clients in Delaware.

Merrill Lynch appointed Adam Schur, formerly of Morgan Stanley, as a financial advisor within its White Plains, New York office. During his last year at Morgan Stanley, Schur had $850 million in assets under management and a production value of $2 million. In total, he has spent nine years with the Wall Street giant. 

RBC Wealth Management recruited financial advisor Greg Lunak to join its Stillwater, Minnesota office, according to Bill Kohn, director of the branch. Lunak has more than 15 years' industry experience and joins from Merrill Lynch, where he manages $164 million in assets under administration and has more than $1 million in production.

Wells Fargo Asset Management appointed Nicolaas Marais as president, operating both from California and the UK. In this role, he is responsible for tasks including multi-asset class solutions, research, and product management. He reports to Kristi Mitchem, chief executive and head of WFAM. The role is a newly-created one. Most recently, Marais was head of multi-asset investments and portfolio solutions for Schroders, the UK-listed investment house and private bank. 

California-based Manhattan West Asset Management, an RIA firm, said that OC Isaac, formerly of VEDC (Valley Economic Development Corp), had become a shareholder and managing director, reuniting him with erstwhile colleagues. The size of his shareholding was not disclosed. The former president of VEDC rejoined former members of VEDC’s executive and credit management team. The company also added Angela Stanislawski, former vice president of operations, Nilima Kapoor, former director of special assets, and Michael Oberlitner, former VEDC chief credit officer, Manhattan West said. At VEDC, Isaac was the head of East Coast operations and national strategic initiatives.

Raymond James subsidiary Alex.Brown appointed Stephen Pryor as regional executive of its Boston office, according to Brett Kellam, the latter firm's Northeast regional director. Pryor kick-started his career with Merrill Lynch as an advisor trainee in 1991 in Virginia before spending more than two years with Smith Barney as a financial advisor and then two more with Morgan Stanley. In 1998, he joined Prudential Securities, first as a trainee manager and then sales manager, regional development manager, and ultimately as a branch manager in Carmel, California. Pryor also spent a stint at RBC Wealth Management. In his new role, he succeeded former Boston regional executive, Frank McGrail, who transferred to Alex.Brown's Lower Manhattan office, where he oversees the firm's Central region operations.

Raymond James recruited financial advisor James Perry Jr to its Huntington, West Virginia office, according to Bill Theis, the firm's Mid-American complex manager. Perry joined the US-based firm from Hilliard Lyons, which he had been affiliated with since 1994 and where he managed more than $100 million in client assets, primarily serving high net worth individuals and families. He began his financial services career in 1987 as a trust officer with a community bank in Huntington.

Atlantic Trust appointed Kishore Setty and Scott Thompson as head of its New York and Atlanta offices, respectively. Setty, formerly a managing director, joined the firm in 2014 and has served as co-head of its New York office for the past year. He continues to serve as a senior relationship manager, tailoring investment portfolios to high net worth individuals, family offices, foundations and endowments. Prior to joining the company, Setty was a portfolio manager at US Trust.

BNY Mellon appointed Brian Moroz as regional director for private banking serving clients in New York, Western Connecticut, New Jersey and Long Island. Moroz is based in New York and reports to William Johnston, head of the firm’s private banking solutions group. Previously, Moroz worked for 12 years at Wells Fargo, where he was most recently regional private banking manager and senior vice president in Charlotte, North Carolina. There he led a team of private bankers and oversaw a $1 billion loan portfolio and $1.1 billion in deposits. 

Advisor Group, the US network of independent financial advisory firms, appointed Steve Chipman as senior vice president of strategic acquisitions. Chipman works with Jamie Price, Advisor Group's president and chief executive and the four firm presidents, leading the strategic planning process for all broker/dealer acquisitions. Chipman reports to Jeff Auld, the president and CEO of SagePoint Financial.

Royal Bank of Canada hired a pioneer of artificial intelligence, Richard Sutton, as head academic advisor to RBC's research arm. RBC Research will establish a new laboratory and plans to work with the Alberta Machine Intelligence Institute, based at the University of Alberta, to identify and pursue further research opportunities.

Northern Trust made a host of leadership changes including three new presidents, a new chief risk officer and an addition to its management board. Peter Cherecwich was named president for corporate and institutional services, while Jeffrey Cohodes took on Cherecwich’s previous position of president of corporate and institutional services - Americas. Cohodes also took on the role of advisor for global counterparty strategy, focusing on credit risk and regulatory requirements across capital markets and banking.

Wilson Leech take over Cohodes’ previous role as CRO, while Teresa Parker succeeded Leech as president of Northern Trust - EMEA, subject to regulatory approval. Cherecwich has over 30 years' financial services experience. He joined Northern Trust in 2007 and has served as COO, head of institutional product and strategy for corporate and institutional services, as well as president of global fund services. Cohodes was CRO at the firm from 2011. He has also held leadership roles across asset and wealth management and was once chief strategy officer for the entire corporation.

Goldman Sachs' head of global compliance, Alan Cohen, stepped down after 13 years' service. Cohen, who subsequently became a senior advisor to Goldman Sachs' executive office, was replaced by controller and chief accounting officer Sarah Smith. Cohen joined the New York-headquartered investment bank in 2004 from law firm O'Melveny & Myers, where he was a partner, and had served as Goldman Sachs' compliance head since.

Sentry Investments appointed Philip Yuzpe, previously chief operating officer of the firm, as its chief executive. He continued in his role as president of the company. Yuzpe succeeded Sean Driscoll, who had been Sentry's CEO since 2013. 

First Republic Bank’s private wealth management business appointed former Merrill Lynch manager Hank Holland. Holland, who had worked at Merrill Lynch for nine years, is managing director and portfolio manager at the firm, located in San Francisco.

Crestone Capital hired Hull McKinnon, previously of venture capital firm Altira Group, as its new chief financial officer. At Altira, McKinnon was general partner, and, before that, CFO. McKinnon takes over from from Doug Bonnette, who has been at Creston for 18 years, and is transitioning into retirement after a nearly 40-year career. 

Wilmington Trust appointed Robert Bridges as a senior investment advisor within its New York wealth advisory office. Bridges has nearly 30 years' experience in asset management. Prior to joining Wilmington Trust, he was a senior portfolio manager at First Republic Bank. Earlier in his career, he spent a 16-year stint with Fiduciary Trust Company International as a portfolio manager, in addition to holding similar roles for high net worth clients at both US Trust and the Bank of New York.

The head of the RIA segment of Fidelity Investments, Bob Oros, left the US firm after a five-year stint at the business. He chose to leave the firm and pursue other opportunities.

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Bank of the West Wealth Management recruited Whitney Rohrer, Neil O'Keeffe, and Chuck Wong, as market leaders.
Rohrer began her financial services career as a financial advisor in 2005; O'Keeffe has more than a decade of wealth management experience assisting families, business owners and foundations. Wong’s 12-plus years of financial services management experience include the role of vice president at a major US banking firm and a global bank. Reporting to Cheryl Farley, regional manager, new market leaders are responsible for leading teams in the delivery of private client services to affluent and high net worth individuals.

Halbert Hargrove, a fiduciary investment management and wealth advisory firm headquartered in Long Beach, California, hired Robert Douglis as a regional director. In his new role, Douglis serves as an investment advisor to individuals and institutions, working with a client base that includes entrepreneurs, professionals, technology company executives and retirees. Previously, Douglis served as an investment consultant at TD Ameritrade.

BNY Mellon Wealth Management promoted the head of its Rocky Mountain region to lead its national sales and business development team. Scott Fleming oversees nearly 150 sales professionals across the US and reports to Tom Dicker, president of US markets for BNY Mellon Wealth Management. He took over from former national sales director Don Quattrucci, who is now CAO for US markets. Fleming has worked in financial services for 28 years, and joined BNY Mellon in 2015 as Rocky Mountain regional president based in Denver and responsible for Colorado, Wyoming, New Mexico, Montana, North Dakota, South Dakota and Kansas. 

Dynasty Financial Partners brought newly-formed Claybrook Capital into its network of advisory firms. Based in Boston, MA, Claybrook Capital was launched by Jerry Nigro. He joined Claybrook Capital from Robertson Stephens, where he was a managing director and investment advisor from 2015. Also joining from Robertson Stephens was Virginia Madden, MD at Claybrook Capital. Prior to Robertson Stephens, Nigro spent seven years at UBS, where he was a senior vice president and senior portfolio manager; before that, he was at Goldman Sachs for eight years. 

BNY Mellon Wealth Management appointed Michael Silane as regional managing director for portfolio management in the Southwest US. Silane works with six portfolio teams across the region on investment and wealth planning as well as risk management in serving clients. He reports to Shannon Kennedy, president for US Southwest. Silane joined BNY Mellon in 2003.

The Rockefeller Foundation chose as its president a figure who led responses to recent humanitarian crises such as the 2010 Haiti earthquake and West Africa Ebola outbreak. The 13th president of the foundation, now more than a 100 years old, is Dr Rajiv Shah, current administrator of the US Agency for International Development, and a member of the Rockefeller Foundation board of trustees. 

State Street appointed John Plansky as head of State Street Global Exchange, the provider of data and analytics solutions for institutional investors. Plansky reports to executive vice president Lou Maiuri. Previously, Plansky was at PricewaterhouseCoopers, where he led the US strategy business and US global platforms business and was a member of the advisory financial services teadership team. Prior to the acquisition of Booz & Co by PwC, Plansky was a senior partner at Booz & Co, leading its technology practice and serving as a senior advisor to global financial institutions such as State Street. 

Deutsche Asset Management appointed David Bianco as chief investment strategist for the Americas and head of US equities. Bianco has more than 20 years of investment research experience and a decade of experience as an equity strategist. Since 2012, he has been Deutsche Asset Management's US equity strategist. 

Raymond James recruited Katherine Fisher-Schultz to join its Portland, Oregon office. Fisher-Schultz joined from Morgan Stanley, where she managed more than $170 million in client assets. She began her career in financial services in 1998 as a sales assistant with Prudential Securities and became an advisor in 2000. In 2004, Fisher-Schultz joined Smith Barney, which in 2009 Citigroup sold to Morgan Stanley. 

US-headquartered professional services firm Sikich has a new chief executive at the helm in the person of Chris Geier, who replaced Jim Sikich. Geier is due to retire from the eponymous business at the end of 2017. The firm’s partners elected Geier to the role of managing partner and CEO last May. Prior to becoming CEO, Geier was partner-in-charge of the firm’s advisory services and investment banking practice and a member of the executive board. Geier has held C-level operating roles at both private and publicly traded companies and has more than 20 years of experience in mergers and acquisitions and capital raising transactions across multiple industries. He joined Sikich in 2008.

Asia-Pacific

HSBC Private Bank created a new team structure for the Indonesia market, forming two groups led by market heads Ingrid Widjaja and Lim Chee Kong.

The market heads are responsible for new business development and executing its strategy in the Indonesia market. They both report to Sandeep Sharma, head of global private banking, South East Asia. Widjaja manages the existing team, while Chee Kong heads the newly created team. Widjaja was promoted to market head for Indonesia in November 2016, having been with HSBC private bank for almost 18 years. As for Chee Kong, prior to joining HSBC, he was country team head, Indonesia at UBS Wealth Management, Singapore. 

Separately, David Ng and Chay Hong Leng were appointed as desk heads for Indonesia. Both of them report to Widjaja and Chee Kong respectively. Ng was previously head of ultra-high net worth investment counselling for Southeast Asia at HSBC Private Bank before taking on the new role as desk head for Indonesia. Hong Leng joined from UBS Wealth Management, Singapore, where his last held position was desk head, Indonesia and Jakarta representative office.

Indosuez Wealth Management appointed one of its veteran figures, Pierre Masclet, as chief executive for wealth management activities in Asia and as branch manager for Singapore. The organisation also appointed Sen Sui as commercial head for Asia. Masclet works with Antoine Candiotti, CEO in Hong Kong, and Sui. Based in Singapore, Sui is responsible for driving and coordinating Indosuez Wealth Management’s activities in Asia, partnering with team leaders in Hong Kong and Singapore, who reports directly to him. 

A prominent figure in Asia’s burgeoning independent asset management sector, Jessica Cutrera, founded a new business in Hong Kong, called The Capital Company. Previously, Cutrera was managing director of EXS Capital Asia, a role she held from April 2008 to December 2016. Prior to her role in Asia, she worked as a registered representative for Charles Schwab, the US brokerage and investments firm.

Credit Suisse appointed Benjamin Cavalli as chief executive for Singapore, adding to his existing role as head of Southeast Asia and head of Singapore location for private banking. Cavalli reports to Francesco de Ferrari, head of private banking for Asia-Pacific and CEO of Southeast Asia. Cavalli took over from Lito Camacho, who remained in his role as vice chairman for Asia-Pacific. With Credit Suisse since 2009, Cavalli has over 20 years’ experience in both wealth management and investment banking across Asia and Switzerland, 15 of which were in senior management roles based in Singapore.

Tan Kuan Ern, head of Singapore coverage, investment banking and capital markets (IBCM), was appointed to the additional role as deputy Singapore CEO. He took over this role from Edwin Low who remained as co-head of IBCM, Asia-Pacific. 

Jacky Ang was appointed as branch manager for Credit Suisse Singapore branch and senior corporate officer for Credit Suisse (Singapore) Limited, in addition to his role as chief operating officer, Singapore. He took over these two roles from Chien Chien Wong who was recently appointed COO, Asia-Pacific. Ang has been with Credit Suisse for 19 years and has been COO Singapore since 2015, as well as the Singapore deputy branch manager and deputy senior corporate officer since 2012.

Deutsche Bank appointed Philippe Vollot as global head of anti-financial crime and group money laundering reporting officer, just days after the previous head, Peter Hazlewood, left the position after just six months. Vollot has been with the bank for more than 13 years and most recently held the position of global chief operating officer for regulation, compliance and anti-financial crime. He held various positions within the compliance, anti-money laundering, legal and regional management fields. Aside from his roles within the private sector, Vollot worked for the French Financial Markets Authority. In his new role, he reports to Sylvie Matherat, chief regulatory officer.

Vincent Ming, a director at Credit Suisse in Singapore, joined United Overseas Bank as market head for north Asia. Ming worked at Credit Suisse since January 2007. His most recent job title there was director, private banking, Greater China market.

Savills Investment Management appointed Volker Wanka as director of fund management in Singapore. Wanka joined with more than 12 years’ experience in real estate investment management and fund management in Europe and Asia. Most recently, he was director of fund management for Savills Investment Management Frankfurt, where he managed two of the firm’s Asian property funds.

Gerson Lehrman Group hired Stephen Bosshart of Standard Chartered Bank, and Eddie Kong of Babylon Education, into two newly-created roles for its Asia-Pacific leadership team. Bosshart joined GLG as managing director and head of China, and will be based in Shanghai. Kong joined as managing director and head of operations, and will be based in Hong Kong. Bosshart was previously managing director at Standard Chartered Bank, overseeing commercial banking in Eastern China. Kong began his career at Cathay Pacific Airways, followed by several years at McKinsey. From 2013 to 2016, he was the head of operations development at The Kowloon Motor Bus Company. He was then chief operating officer at Babylon Education, where he managed and developed new schools in Hong Kong.

Bank J Safra Sarasin appointed Masaki Sugawara as a managing director, client advisory. The role is a newly-formed one. Sugawara has more than 20 years’ experience as a private banker. He began his career in Tokyo in 1994 and moved to Hong Kong in 2002. Sugawara joins the bank from Deutsche Bank Private Wealth Management, where he was director for the Japan market.

UBS Wealth Management recruited James Gifford, the former founding executive director of the United Nations Principles for Responsible Investment, as its senior impact investing strategist, a new role for UBS. As founding executive director of the UNPRI, Gifford led the organisation from its inception in 2003 until 2013.

Offshore law firm Appleby appointed three lawyers to its dispute resolution team in Mauritius. The appointed lawyers were counsel Yahia Nazroo, who joined on 15 December last year; senior associate Melissa Virahsawmy, who joined on 12 December; and associate Yantee Hurnaurn-Calcutteea, who joined on 7 December. The team in Mauritius acts on cases and legal issues including commercial litigation, fund disputes, trust litigation, insolvencies and restructurings, regulatory matters, professional negligence and insurance disputes.

UBS appointed two former Deutsche and Citigroup senior managers to its wealth team in Asia-Pacific. Ravi Raju was appointed co-head of global ultra-high net worth in Asia-Pacific, and it also named Anurag Mahesh as head of its global family office group in Asia. Amy Lo remains the country head, Hong Kong. August Hatecke (head WM South East Asia) and Lo were previously the co-heads global UHNW Asia Pacific. Lo continued in this role in addition to her role as head of WM Greater China and country head, Hong Kong, while Hatecke fully focuses on his role as head of wealth management South East Asia. Raju is based in Hong Kong, reporting to Josef Stadler, head of global UHNW, and Edmund Koh, head of wealth management, Asia-Pacific. Mahesh, meanwhile, reports to Raju, Lo, and the global head of the global family office, Sara Ferrari.

Vontobel Asset Management, part of Switzerland-listed Vontobel, appointed Suzanna Wong as head of intermediary sales for Asia. Based in Hong Kong, Wong is responsible for managing relationships with intermediary channels in Singapore and Hong Kong. Wong has more than 20 years of experience in business development. She joined from SYZ Asset Management, where she was head of sales Asia.

Barings named Ike Bae, formerly head of sales at Barings Korea, as its Korean chief executive. He succeeded Thae Khwarg, who retired in December 2016 after spending more than 20 years with the company. Bae joined Barings in 2011 as head of sales, in which role he was responsible for the Korean institutional and mutual fund businesses. Prior to that, he worked at asset manager Hanwha Investment & Securities and AllianceBernstein Investment Management in Korea. Wonil Kim, previously head of institutional sales in Korea, replaced Bae as head of sales.

Standard Chartered made senior appointments in Asia to bolster its private banking and wealth management teams in Greater China and North Asia. It appointed Harry Lai, who joined from Barclays, as market head, Greater China and North Asia. The market heads report to Vivian Chan, whose appointment as regional head, private banking for Greater China and North Asia, was announced in July 2016. Chan has more than 30 years of experience in the business sector.

State Street Global Advisors recruited James Ong, previously of HSBC Global Asset Management, as its managing director and head of client relationship management for Southeast Asia. Ong has more than 20 years of sales experience across institutional and intermediary channels. At HSBC, he looked after the Southeast Asian institutional business. He has also held a similar position at UOB Asset Management. He is based in Singapore and reports to June Wong, head of SSGA Asia ex-Japan.

Carey Olsen, the offshore law firm which opened an office in Hong Kong last November, appointed Arigen Liang as a counsel in its Hong Kong dispute resolution and insolvency practice. Liang joined Carey Olsen from another offshore law firm in Hong Kong, Harney Westwood & Riegels. She qualified in Singapore, England and Wales and the British Virgin Islands.

Joseph Tam, a former private banking and wealth management head at Hong Kong-based Wing Lung Bank, took up a new role as general manager, private banking, at Industrial Bank Co. He held his previous role from May 2014 to December last year. Tam also held roles at Credit Suisse and HSBC Private Bank.

International real estate services firm DTZ/Cushman & Wakefield appointed Christopher Browne as managing director of global occupier services for the Asia-Pacific region, based in Singapore. The previous occupant of the role was Sanjay Verma.

International law firm Simmons & Simmons moved its London-based litigation and regulatory partner, Marc Thorley, to its Hong Kong office. Thorley has been a partner in the Simmons & Simmons London office since 2008.

NAB Asset Management, part of National Australia Bank, named Brian Long as its new head of retirement. Prior to joining NAB, Long held roles including head of wealth management for the Pacific region at Mercer Australia and head of distribution at van Eyk Research. His most recent role was national manager for retirement at Colonial First State.

Savills Investment Management, the international real estate investment manager, appointed Lee Tredwell as head of investment for Savills IM in Australia, part of plans by the firm to increase activity in the country. The role was newly-created. Tredwell has 15 years of experience in handling various transaction and investment activities in the commercial real estate space, including acquisitions, underwriting and financing through to active asset management, redevelopment and disposals.

ZEDRA recruited Yuan Yuan Woo and Nithya Camoens as executive director and director, respectively, within its Singapore office. Woo began her career in tax services for PricewaterhouseCoopers, before moving to a number of private banks including Citibank, DBS and UBS, where she advised private clients on succession and estate planning matters. Prior to ZEDRA, Camoens was at PwC Singapore for five years, where she was responsible for managing the company's secretarial practice.

Fidelity International appointed Jackson Lee as country head of China. Lee has worked in China for over six years and has over 12 years' asset management experience. He joined Fidelity in 2010, and his most recent role was Beijing chief representative. In his new role, he is based in Shanghai. Lee reports to Daisy Ho, managing director of Asia ex-Japan.

AXA Investment Managers appointed Yoshihiko Hayafuji as head of Japan for its real assets division. He has more than 15 years' experience in the Japanese real estate and corporate finance sectors and worked at Aetos Japan on its valuation team, where he oversaw real estate valuation for the fund's acquisitions. He began his career in financial services with Nomura Real Estate.

Robeco, which is opening a new office in Singapore, appointed Graham Elliot as head of distribution for the Asia-Pacific and Middle East. He is based in Hong Kong. The new role involves a focus on institutional and wholesale distribution in Asia-Pacific (ex-Japan) and the Middle East. Elliot is also responsible for the day-to-day management of Robeco Asia Pacific, joining chief investment officer Arnout van Rijn and chief operation officer Jorg Sunderman, who are both based in Hong Kong.

The former chief health and marketing officer for AXA in Hong Kong, Rob Leonardi, was appointed chief executive of Italy-headquartered insurer and financial services group Generali. Leonardi has been at Generali for about a month and is responsible for all Generali insurance activities in Asia.

Manulife Asset Management appointed Michael Reed, formerly of FIL Asset Management (Korea), as chief executive of its Thailand business. Reed most recently served as country head of FIL Asset Management in Korea. Additionally, he has experience in leading international financial services firms across Asia-Pacific, including China, Hong Kong and Australia. As CEO of Manulife Asset Management Thailand, Reed reports to Gianni Fiacco, chief operating officer of wealth and asset management, Asia for Manulife Asset Management. He also reports to Michael Parker, president of Manulife Insurance in Thailand.

HP Wealth Management, based in Singapore, appointed Jose Camacho and Edwin Chan. Camacho is a private markets specialist and Chan is a senior portfolio manager.

Camacho looks at finding investment opportunities in private debt and equity markets. He is the co-founder of Touchstone Ventures, a direct investments advisory firm, established in 2014. He previously worked at UBS Wealth Management, raising money among ultra-high net worth investors. Chan has more than 15 years of experience in the global fixed income markets on both the buy and sell side as well as in trading. He has previously worked as a fixed income investment counsellor at Bank of Singapore, as well as in roles at DBS and UBS.

Bruno Morel was appointed as the new chief executive of VP Bank (Singapore), part of Liechtenstein-headquartered VP Bank, taking the reins from Rajagopal Govindarajoo, formerly managing director of that entity. He was most recently head of private banking for CIC, a role he held from April 2013.

Standard Chartered brought in three top-line private bankers from HSBC. It appointed Teddy Kwong to the post of managing director, private banking, having most recently been market head for Hong Kong at the private banking arm of HSBC. Kwong spent 28 years with HSBC Group in various senior roles covering private and commercial banking, including the position of chief executive of HSBC Macau from 2009 to 2013. Kwong reports to Vivian Chan, who is regional head, private banking for Greater China and North Asia. 

Peter Lam was appointed as MD and deputy market head, private banking, Standard Chartered Bank. Most recently, Lam worked at HSBC Private Bank, where has was a managing director. Lam has almost 30 years of experience with banks including UBS, Citibank and Credit Lyonnais. In his role, he reports to Kwong. James Ling was appointed executive director and team leader for private banking; he was most recently at HSBC Private Bank as a senior director. He has 28 years of wealth management experience and has held senior positions in Dah Sing Bank, DBS Bank and Citibank; he reports to Kwong.

RBC Wealth Management appointed Rohit Bhalla as executive director, team head for Southeast Asia. He joins from ANZ, where he held a similar role. The position at RBC is a newly-formed one. Bhalla is based in Singapore. He reports to Tho Gea Hong, head of wealth management, Southeast Asia. In a 16-year career in financial services, Bhalla most recently served as senior director and team head, private bank Singapore for ANZ. His experience also includes roles at Deutsche Bank and Citibank.