Wilmington Trust announced two senior appointments: It promoted Matthew Panarese to president of the Mid-Atlantic Region and elevated Sharon L Klein to president of the firm’s Tri-State Region, which includes Greater New York, Connecticut, Long Island, and Northern New Jersey markets.

Panarese oversees wealth management services including regional sales, fiduciary, and client management teams in Pennsylvania, Southern New Jersey, Delaware, Maryland, Virginia, and Washington, DC. Additionally, he was appointed head of the firm’s Business Owners National Practice Group. Panarese joined Wilmington Trust in 2008.

Klein joined Wilmington Trust as managing director of Family Office Services and Wealth Strategies for the New York Metropolitan market in 2013. Klein has more than two decades of experience in the wealth management industry. Prior to joining Wilmington Trust, she was managing director and head of Wealth Advisory Services for Lazard Wealth Management. Before that, Klein headed the Estate Advisement department at Fiduciary Trust Company International. 

Russell Reynolds Associates, the global executive search and leadership advisory firm, appointed Mary-Caroline Tillman as its co-leader of the financial services practice.

Based in New York, Tillman works with chairpersons, chief executive officers and senior leadership teams within the financial services industry. She has led CEO search and succession projects across different countries and regions - including Australia, Asia, Europe, the UK and the US. Tillman specializes in board and CEO succession, C-suite assessments, team buildouts and talent development. Tillman previously led the global financial services and investment banking practices at a leading executive search firm. Earlier in her career, she spent 13 years at JP Morgan, where she was a MD and chief operating officer of the European investment banking division.

Financial services firm Envoy Group appointed Tony Tony as senior advisor to the company. Tong experience in international finance and venture development. He is co-founder and director of Pacific Financial Services, a risk management consultancy firm with offices in Hong Kong and Shenzhen, China.

LPL Financial, an investment advisory firm and independent broker, hired the Strong Gaddy Lee Wealth Management team, which serves approximately $351 million in client brokerage and advisory assets. Charlie Strong, Shane Gaddy, Kelly Lee and Kyle Bochat and three professional staff members from Strong Gaddy Lee, which is based in Gainesville, Georgia, joined LPL’s broker/dealer platform and Integrated Financial Group, an independent advisory firm LPL’s hybrid registered investment advisor platform.

TruClarity, TruClarity, a business providing advisor clients with a transition service spanning technology, compliance, research and marketing, added two senior figures to serve as company presidents. Shad Besikof is president of the Western Division and Daniel P. Cronin is president of the Eastern Division. The new additions add office locations in Newport Beach, CA and Boston, MA.

Besikof has more than 22 years of experience in the financial services industry, starting his career as an investment advisor, then holding senior leadership positions as senior sales VP, and senior regional director for Charles Schwab Advisor Services, Fidelity Custody & Clearing Solutions, Neuberger Berman and most recently, BNY Mellon-Pershing Advisor Solutions. Cronin has more than 30 years of experience in the financial services industry, serving as VP, RVP, and SVP of sales at Fidelity Custody & Clearing, Schwab Advisor Services, leading RBC Advisor Services’ new independent custody offering, and serving as SVP of BNY Mellon’s multi-boutique investment offering to high-end RIAs, and most recently, as one of the original SVP-distribution hires for iCapital Network, a fintech company.

New Jersey-based Peapack-Gladstone Bank, which is part of the Peapack-Gladstone Financial Corporation, appointed Robert Konopka as senior managing director and private banker. Konopka is part of the private banking team focusing on the development and growth of the New York City market. He worked as vice president and private banker at TD Wealth and BNY Mellon Wealth Management in New York.
RBC Wealth Management named Charles Carson director of its Houston complex. Carson's new role sees him responsible for four branches – West Houston, Houston Center, Houston Galleria and Sugar Land - and around 43 financial advisors. He has 26 years of industry experience. He joined the wealth unit of Canada's largest lender from Wells Fargo Private Bank, where he most recently held the role of regional brokerage manager.

The Gemini Companies - aka Gemini - a firm which helps financial institutions bring pooled investment products to the marketplace, appointed Brian Hourihan, former senior counsel in the SEC's investment management division, as regulatory compliance officer for Northern Lights Compliance Services, a Gemini sister firm, and Northern Lights Distributors.

During his career, Hourihan has been responsible for providing legal and compliance advice around mutual funds, exchange traded funds, and other pooled investment solutions. Most recently, Hourihan spent nine years at OppenheimerFunds, where he served as senior vice president, deputy general counsel and senior managing counsel. His prior experience includes serving as VP and senior counsel at MFS Investment Management, and as assistant general counsel at Fidelity Investments.

Northern Trust named David Wicks as head of continental Europe. The role was newly created. Wicks has worked in a variety of roles at Northern Trust for 20 years; most recently he was regional executive for executive operations in Europe, Middle East and Africa. In his new role Wicks will leads the firm’s business in continental Europe, working alongside Clive Bellows, head of Northern Trust’s Global Fund Services business across EMEA. He reports to Teresa Parker, president, Northern Trust, EMEA. Steve David, country head, Luxembourg; and Wim van Ooijen, country head for Switzerland, Germany and the Netherlands, continue to report functionally to Bellows. Bo Thulin, head of the Nordic region report functionally to Wicks.

Northern Trust appointed Lisa Marcus as managing director and senior wealth strategist, having previously worked at Fiduciary Trust Company International for seven years as MD and business development officer. She is responsible for building and developing investment and trust relationships with individuals, families and foundations, with a particular focus on the ultra-high-net-worth market in Greater New York and Florida. She reports to Stephanie Goforth, senior vice president, East Region Sales and Marketing, Wealth Management. With more than 30 years of wealth management experience, Marcus has held senior positions with leading financial institutions, including managing director of Lehman Brothers, later known as Barclay’s Wealth, and 18 years at US Trust as a trusted advisor to wealthy entrepreneurs. Prior to that, she was a senior tax accountant at Arthur Young & Company.

Northern Trust named Stephen N Potter as vice chairman, a newly-created position. Potter has been president of Northern Trust Asset Management. Shundrawn A Thomas took over Potter’s old role; Thomas was head of the funds and managed accounts group. 

RBC Wealth Management, part of Toronto-listed Royal Bank of Canada, appointed Galina Kolossovsky as senior vice president and financial advisor in its Rochester branch in the US. Kolossovsky has 23 years of banking, investing and financial planning experience with a focus on the relationship building aspect of working with clients, RBC confirmed to this news service. She previously worked at JP Morgan Securities.

Accountancy and professional services firm EY, aka Ernst & Young, brought over James C Bly, Jnr, the founder and chief executive of the Family Enterprise Business Services of Headwaters SC , taking on the title of executive director.

International law firm Withers added the following partners to its worldwide team: Wei Zhang, Private Client & Tax, Hong Kong; Claire Christy, Employment, London; Claire Harris, Private Client & Tax, London; Ed Jarron, Private Client & Tax, London; Peter Lamb, Real Estate, London; Eleni Polycarpou, Dispute Resolution and Arbitration, London; Constance Shields, Private Client & Tax, New Haven, Connecticut; Graham Webster, Corporate, London, and Wei Zhang, Private Client & Tax, Hong Kong.

Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, appointed former Deutsche senior executive Jerry W Miller has been as its president. Miller was formerly head of asset and wealth management, Americas at Deutsche Bank and before that was president and chief executive of Van Kampen Investments. Miller completed Harvard Business School’s Advanced Management Program for Senior and Executive management and received his BA from Swarthmore College. He is based in New York.

Vanguard, the US investments titan with $4.4 trillion of assets under management, named a new chief executive in the form of Tim Buckley, who took over from Bill McNabb at the start of 2018. Buckley had been chief investment officer. His appointment made him the fourth CEO since Vanguard was established in 1975. Although McNabb stepped down as CEO, he remained as chairman of the board of directors. Greg Davis, global head of Vanguard’s Fixed Income Group, was appointed chief investment officer.

Since Buckley joined Vanguard in 1991, he has held senior leadership roles in two divisions including chief information officer and head of Vanguard’s information technology division, and head of Vanguard’s retail investor group. He has been a member of Vanguard’s senior leadership team since 2001 and is a long-tenured member of Vanguard’s global investment committee; which has oversight responsibilities for Vanguard’s in-house equity and fixed income management functions, as well as the 27 external investment advisory firms employed by Vanguard.

Northern Trust made a series of senior appointments across its institutional client service and business development teams around the globe. Shaun Flavin joined as head of North American institutional sales, responsible for asset servicing sales, including global custody and transition management to large institutional investors in North America. Based in Chicago, Flavin has more than 25 years of experience in fund operations, institutional sales and relationship management most recently in senior leadership roles at BNY Mellon. Andrea Perry joined as senior client relationship manager at Northern Trust Canada for the Atlantic region, serving both institutional investors and asset management firms. A 30-year veteran of the investment industry, Perry comes to Northern Trust from an investment management firm where she was responsible for developing and executing business development strategy and growth initiatives specifically in Atlantic Canada.

Boston Private, which provides wealth, private banking and trust services, appointed Claire Schissler as managing director and fiduciary manager on the West Coast. She is based in San Mateo, California. Schissler has over 16 years of experience in the trust services industry, including 10 years in a management capacity. Before joining her current employer, Schissler led City National Bank’s Northern California trust team based in San Francisco and, prior to that, managed a team of ten trust officers and administrators for Bank of the West in the San Jose/Silicon Valley and Sacramento markets.

Cumberland Trust, a Nashville-based independent corporate trustee, appointed three new members to its executive management team. Runcie Clements joined as executive vice president, general counsel. Michelle Diamond joined as executive VP, director of business development and regional markets, and Jennifer Karrels Menzie joined as executive VP, director of strategic planning and assistant general counsel.

Clements joined the firm in 2002. He is responsible for leading the legal group of attorneys, compliance officers and specialists. He also advises the fiduciary legal department, the fiduciary compliance department, the administration department and the special assets administration group.

Diamond joined Cumberland Trust in 2001, and is responsible for overseeing the development team and its new trust opportunities. She was trust officer at First Tennessee, where she provided account and administration support to families in the areas of personal trust, employee benefits and investment management. Menzie joined the firm in 2012. She is responsible for leading and managing the external and internal strategic initiatives for Cumberland Trust and oversees Cumberland’s long-range planning goals. Menzie was previously VP at Thompson & Associates, where she was working in the area of charitable estate planning.

Lincoln Financial Network, the retail wealth management affiliate of NYSE-listed Lincoln Financial Group, appointed John R Ekman as divisional vice president for Lincoln Financial Advisors for the Midwest market.  Reporting to John DiMonda, senior vice president and head of Lincoln Financial Advisors, Ekman focuses on recruitment efforts and building and developing teams and business practices. He also oversees advisor relationships and provides specialized support for advisors and planners. Ekman has more than 30 years of experience in the financial services sector. Prior to joining Lincoln, Ekman spent seven years at US Bancorp Investments, most recently as senior vice president and divisional manager of the Metro Midwest division. He graduated from the University of California, Santa Barbara and holds Series 3, 7, 8, 24, 63, and 65 registrations and Life and Health Insurance licenses.

Palo Alto, CA-headquartered Avidbank Holdings, the parent of Avidbank, appointed An Na Tran as senior vice president for private banking; she is based in its San Francisco production office. Tran brings with her over 17 years of banking experience, most recently as managing director of Preferred Banking at First Republic Bank. Over the years, she has worked with the Preferred Banking Offices, Preferred Banking Client Services, and Preferred Banking.

Robert W Baird & Co’s private wealth management division appointed Timothy Steffen to the newly-created role of director for advanced planning at the Milwaukee-based business. Steffen worked at Baird since 1999, and had served as director of financial planning since 2011. He previously was a tax and financial planning specialist in Arthur Anderson’s private client services group. In his new role, Steffen leads the education of Baird’s 875 financial advisors, as well as their clients, about wealth management planning strategies. Among other moves, Scott Grenier was promoted to manager of financial and estate planning. He manages all of Baird’s financial and estate planners. Grenier previously served as senior vice president. He joined Baird in 2010 as a senior estate planner and has more than 15 years of financial and estate planning experience.

Evercore Wealth Management appointed Debora Carswell as a managing director and financial advisor in the firm's Florida office. Carswell previously led the private wealth management practice of SunTrust Bank in Florida. Carswell joined SunTrust in 1985 and has worked with high net worth families throughout the Southeast.

PagnatoKarp, a Registered Investment Advisor with more than $3 billion of client assets, appointed Stephen Berardi as a family wealth advisor within its Fiduciary Family Office™. Berardi has over 20 years' experience working with ultra-high-net-worth individuals. He previously worked at Abbot Downing, the multi-family office unit of Wells Fargo, where his assets under advisement reached over $500 million. Berardi holds the Chartered Financial Analyst® designation, and is a member of the CFA Institute and Washington Society of Investment Analysts.

Active Allocator Holdings, a digital investments platform that enables to clients to oversee portfolios of traditional and alternative investments, appointed a wealth management industry veteran to its board. The firm named Ken Shoji as an advisory board member. Shoji is a managing director and chief investment officer of View Capital Advisors.  Prior to joining View Capital, Shoji was the founder and managing partner of Stissing Lake Advisors, an investment advisory firm working with family offices and institutional investors. 

Chicago-headquartered firm NOYES hired Jim Allen as senior vice president of its wealth management operation. Allen is based in NOYES’ Illinois offices in Chicago and Skokie. He joined from Citigroup Global Markets in Chicago, where he was responsible for providing wealth management advice to clients.

Chicago-headquartered firm NOYES hired Jim Allen as senior vice president of its wealth management operation. Allen will be based in NOYES’ Illinois offices in Chicago and Skokie. He joined from Citigroup Global Markets in Chicago, where he was responsible for providing wealth management advice to clients.

International investment manager Polen Capital appointed research analyst Jeff Mueller as co-portfolio manager of its Global Growth Strategy. Mueller manages the portfolio collaboratively with lead portfolio manager Julian Pick, who launched the Global Growth Strategy in 2014. Prior to joining Polen Capital in 2013, Mueller spent 10 years in the US Marines.

Investment research provider Morningstar appointed Jason Dubinsky as chief financial officer, effective July 24. Dubinsky reports to chief executive Kunal Kapoor. The new CFO has over 20 years’ experience in the financial services sector. He was most recently senior vice president and CFO at Walgreens Boots, where he was responsible for accounting and shared service functions for its US operations.

US-based First Republic Bank appointed two wealth managers from Merrill Lynch to join its offices in Century City, Los Angeles. Both also became managing directors. Danielle Ambrose and Diane Hirschhorn are responsible for serving clients in the region. Ambrose has 23 years’ experience and Hirschhorn has 20 years’ experience in the sector. Both Ambrose and Hirschhorn held the positions of senior vice president and wealth advisor at Merrill Lynch.

Mountain America Credit Union appointed Colby Young as a financial advisor at LPL Financial at Mountain America Credit Union. Young seves members in the Provo, Spanish Fork, Payson, Ephraim, and Richfield areas. These branches were previously served by Bill Loucks, who has retired. Young has been with Mountain America since 2008, and with its wealth management team since 2013.

Canadian investments house Jemekk Capital Management appointed Frank Mersch as a portfolio manager. Prior to this move, Mersch co-founded Front Street Capital and held roles including those of chairman, partner and chief investment officer. He also worked at Altamira from 1987-1998 and helped drive the assets under management of that firm, Jemekk said. He holds the Chartered Financial Analyst designation and as well as a Bachelor of Commerce degree from the University of Toronto.

Wells Fargo Asset Management appointed Jonathan Hobbs as head of US portfolio solutions and Kevin Kneafsey as senior investment strategist with the firm’s multi-asset client solutions group. Both men are based in San Francisco, reporting to Nicolaas Marais, president of WFAM and head of the multi-asset client solutions business. Prior to joining WFAM, Hobbs led the client solutions office in San Francisco and was co-head of liability-driven investment in North America with BlackRock. Kneafsey previously served as a senior advisor for the Schroders multi-asset team, and before joining Schroders, he was the head of research for BlackRock’s multi-asset team.

EFG International, the Swiss private banking group, appointed Marcelo Coscarelli to the role of managing the Latin America region, taking the reins from Gerald Robert, who retired. Coscarelli was made head of Americas region and member of the executive committee on January 1. His prior experience includes serving as managing director for high net worth and affluent clients at Citibank Latin America. He was also chief operating officer of Itaú Private Bank International in Miami.