People Moves

Weekly Summary Of Industry Moves In The Americas

Eliane Chavagnon Editor - Family Wealth Report July 13, 2015

Weekly Summary Of Industry Moves In The Americas

Here is a summary of all the peoples moves covered by this publication last week.

Going forward, Family Wealth Report will provide a weekly summary of all the comings and goings covered from the prior week, and will combine them for a monthly round-up.

Long Beach, CA-headquartered Halbert Hargrove, a fiduciary investment management and wealth advisory firm, hired Kerry Michael Finn as a regional director in Newport Beach, CA. Prior to joining Halbert Hargrove, Finn was a managing director at Fiduciary Trust Company International, following stints at US Trust Company and AYCO/Goldman Sachs.

Former GenSpring advisors Sheila Stinson and Michael Slud joined Convergent Wealth Advisors as managing directors, in a move expanding the firm's multi-family wealth offering. Stinson will work with ultra high net worth families as well as help with Convergent's wealth education and governance efforts. Meanwhile, Slud will focus on goals-based investment strategies. Both are based in Washington, DC.

Jamie Wells was named as a director of wealth planning at Ascent Private Capital Management’s Center for Wealth Impact in Denver, CO. Wells succeeded Jenna Guenther, who was appointed as a managing director of wealth strategy at Ascent in Denver last month. In her new role, Wells will help clients identify their wealth planning needs and provide guidance in areas such as philanthropy and stewardship, family governance and wealth transfer or business succession issues.

She has six years of leadership experience in the financial services industry and previously served as associate director of wealth strategy and family office advisory at Ascent in Denver. Before joining the firm in 2012, she worked in multi-generational family wealth and business planning as an attorney and trust specialist.

Michael Brocker left GenSpring and joined Buckhead Investment Partners as a personal wealth advisor and financial planner. Brocker spent eight years at GenSpring, working on financial planning, tax and estate planning, insurance reviews, trust administration and philanthropic endeavors.

Deutsche Asset & Wealth Management brought in former RBC wealth veteran Francesca Boschini as a director and international wealth planner in New York. Boschini reports to Andrew Gallivan, head of wealth planning services and custody in the Americas, and Felipe Godard, head of wealth management in Latin America.

Boschini was latterly a director and head of US and international wealth planning at Royal Bank of Canada, where she led a team of wealth planning and fiduciary specialists in New York, and provided technical assistance to RBC’s trust and wealth management offices globally. From 2007 to 2013, Boschini was a director on the board of RBC’s Delaware Trust Company and, more recently, was a member of the management team advisory council.


Antony Jenkins is leaving the post of chief executive at Barclays because non-executive directors want to drive forward change at a faster pace. John McFarlane, who is retiring from FirstGroup, was named executive chairman pending the recruitment of a new CEO and the change takes effect on July 17, subject to approval by the regulator.

JP Morgan is getting a new general counsel in the person of Stacey Friedman, who currently holds that post at the US-listed bank’s corporate and investment bank. She takes the helm early next year from Steve Cutler, who is to be appointed the firm’s vice chairman. The move will make Friedman, who will report to Cutler and act as his deputy for the rest of this year, one of the most senior legal figures in the global banking industry.

KPMG revealed the incoming leaders of its US firm’s audit, tax and advisory businesses, as well as new heads of operations and innovation and enterprise solutions, and other key roles.

The appointments filled positions in the leadership team formed by US chairman and chief executive, Lynne Doughtie, and deputy chairman and chief operating officer, P Scott Ozanus, who started their five-year terms on July 1.

The leaders of the firm’s three primary businesses are: Carl Carande, who succeeded Doughtie as vice chair of advisory; Jeffrey LeSage, who remains as vice chair of tax; and Scott Marcello as vice chair of audit. Laura Newinski has been named as the firm’s vice chair of operations, and Mike Nolan will become vice chair of innovation and enterprise solutions.

Meanwhile, the following will continue in their current roles: Sven Holmes as vice chair of legal, risk and regulatory; Rob Arning as vice chair of market development; and Bruce Pfau as vice chair of human resources and communications.

LLBH Private Wealth Management, an RIA which serves ultra high net worth clients, appointed Jeff Byers as an advisor in Los Angeles, CA, to help develop the firm's West Coast presence. Byers was previously a financial advisor and partner within The Drexler Group at Wells Fargo Advisors, where he and his team managed over $300 million in client assets.

CenterSquare Investment Management, an investment boutique of BNY Mellon, appointed Scott Crowe as chief investment strategist – a new role at the firm in which he reports to Todd Briddell, CEO and CIO.

Crowe will focus on CenterSquare's listed real estate and infrastructure businesses. He will also work on the firm's research and investment processes, and assist Briddell with investment risk oversight. Past roles held by Crowe include global head of real estate at UBS Equities Research from 2000 to 2007; as a global portfolio manager at Cohen & Steers from 2007 to 2012; and most recently as a managing director and CIO of liquid alternatives at Resource Real Estate.

Steve Shilling was appointed as senior vice president of wealth and asset management at CNB Bank, based in Clearfield, PA. Shilling will lead the wealth management divisions of CNB Bank; ERIEBANK, a division of CNB Bank; and FCBank, a division of CNB Bank. He was most recently senior vice president and market manager at First Niagara Private Client Services and Huntington Wealth Advisors in northwest Pennsylvania. Before that, he held private client roles at firms including National City, Bank of America and Goldman Sachs.

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