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Summary Of Weekly Moves In North America Wealth Management - Nov 7 -11, 2016

14 November 2016

Here are moves in the wealth management industry from Nov. 7-11.

Legacy Trust appointed Mark Periard as director of wealth management. Periard joined after more than 17 years with law firm Warner Norcross & Jude, where he chaired the trusts and estates practice group and served on the management committee. In his new role, Periard leads the firm’s client advisory team, while also advising Legacy’s family office clients.

Comerica Incorporated appointed Michael Collins to its board of directors. Collins brings nearly 40 years of regulatory experience. He was most recently served a consultant to the Federal Reserve Bank of Cleveland and chairman of the advisory board of the American Bankers Association Stonier Graduate School of Banking. He was previously president and chief executive of TD Bank USA, where he managed audit, legal, compliance, anti-money laundering, and regulatory and government affairs functions. Collins also held various roles with the Federal Reserve Bank of Philadelphia over a period of 37 years, including as supervising examiner, senior vice president and lending officer.

Fieldpoint Private appointed Juan Castañeda as managing director and senior advisor. Castañeda joined from UBS, where he has held various positions for over a decade, serving Latin American families and institutions. Most recently, he was executive director of emerging market credit sales and head of Latin America. Based in New York City, Castañeda works with family offices, banks, and pension funds across a range of capital markets and structured lending services. 

RBC Wealth Management appointed David Galardini as a financial advisor in Pittsburgh. Joining from Merrill Lynch, Galardini has more than 10 years of industry experience. In his new role, he provides wealth management advice to individual and institutional investors. Also joining in Pittsburgh was Cathy Buck as a registered client associate. Both took on newly-created roles.

Legal & General Investment Management appointed Aaron Meder as chief executive of its US-based business. Anton Eser replaced him as chief investment officer. Meder took over from John Bender, who had been acting as interim CEO of Legal & General Investment Management America since the departure of Robert Moore in September this year. 

Meder joined LGIMA in 2010 before moving to LGIM’s London office in 2013. Last year, he became head of investment, in charge of the firm’s investment, trading and product teams. He will transition into his role over the next few months and will be based in Chicago. Eser, who joined LGIM in 2006, was co-head of the global fixed income business, overseeing more than 70 investment professionals managing £126 billion in assets. Colin Reedie, head of Euro credit, became co-head of global fixed income, alongside John Bender, also CIO of US fixed income. Meder and Eser report to Mark Zinkula, CEO of LGIM.

S&T Bank appointed Deborah Robertson as senior wealth management advisor and vice president. Robertson was previously vice president and regional trust manager at First Commonwealth Advisors. 
Signator Investors appointed Joseph Terry as deputy chief compliance officer. In his previous role, Terry was chief supervision officer for AIG's advisor group, where he was responsible for the oversight of supervision activities, both in the retail and investment advisory businesses, as well as leading an organization of around 100 employees. In his new position, he is responsible for the Signator's overall compliance and assists with the implementing the US Department of Labor fiduciary rule across the broker-dealer. 

iCapital Network, the online financial technology platform, hired Anthony Wilson as senior vice president for the West Coast in the US. Wilson is a business development executive who has worked with RIAs, institutions, family offices and private banks. He has worked at firms including Morgan Creek Capital, Highland Capital Management and Artio Global Investors. He is based in San Francisco.

Calamos Investments appointed Matt Freund as co-chief investment officer, head of fixed income strategies. Freund joined from USAA Investments, where he was CIO of USAA Investments, leading the teams responsible for the portfolio management of the firm’s mutual funds and affiliated portfolios, including P&C and life insurance products, overseeing more than $140 billion in assets. He was lead portfolio manager for several of the firm’s fixed income mutual funds, having joined USAA back in 1994. 

Citi Private Bank appointed Mark Maxson as a director and investment counselor team leader for Southern California and Phoenix. Maxson joined from JP Morgan's private banking arm, where he was an executive director and investment specialist for the Southern California marketplace. 

Peapack-Gladstone appointed Gary Walker as senior managing director and private banker for the bank's wealth management division. Walker has more than 32 years of experience in the financial services and legal arenas. Prior to joining Peapack-Gladstone Bank, he held the roles of vice president and relationship manager at Glenmede Trust, where he worked with clients and their advisors on estate, tax, and financial planning solutions for often complex family relationships.

Snowden Lane Partners hired Michael Mahoney as partner and managing director within its New York City-based Veritas Private Wealth group. Mahoney joined after eight years as a vice president and financial advisor at Morgan Stanley. He specializes in financial planning-based asset management, with a focus on estate planning and wealth transfer for high net worth individuals and their families. He works alongside current Veritas partners and managing directors Jesse Clinton, Joseph Hubbell and Phillip Pedrena, who collectively oversee more than $350 million in client assets.

US-based investment manager Admiral Capital appointed Joseph Walsh as chief operating officer. Walsh was previously in the US army, where he held leadership roles ranging from tank platoon leader to battalion staff officer, before joining Goldman Sachs for the best part of a decade. Additionally, he held former roles at Moelis & Company, Cole Real Estate Investments, and RCS Capital, and consequently gained experience in investment banking, business development, strategic analysis and business process re-engineering.

Victory Park Capital, a restructuring and investments business, appointed Zhengyuan Lu as a principal within its investment team. Lu was previously senior vice president and head of capital markets and treasury at OnDeck, where he led all capital markets and fund raising activities. He brings more than 20 years of industry experience, having also served as managing director and head of the asset financing group of Gleacher & Company. In his new role, Lu is based in New York City.

Ann Senne returned to RBC Wealth Management US to head up its newly created advice and solutions group. Senne, previously senior vice president and head of wealth management product at US Bank, formerly spent more than 20 years of her career at RBC. Based in Minneapolis, Minnesota, she originally joined RBC Wealth Management in 1994 and was latterly the firm’s head of global client experience. She also managed teams responsible for mutual fund and retirement services in the US as well as North American fee-based programs.