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Summary Of North America Moves In Wealth Management - October 2018
Editorial Staff
3 December 2018
RBC Wealth Management brought in a new team, with the latest coming from Beverly Hills. The Ciriello Group comprises Nick Ciriello, CIMA®, managing director – financial advisor, who has 18 years of industry experience; Elizabeth Zimmer, associate financial advisor, with three years of experience; and Richard Petrie, senior registered client associate. The team, who were previously at Merrill Lynch, manage about $550 million in client assets. Oppenheimer & Co, the wealth manager and investment bank, appointed Ed Harrington as executive vice president for its private client division; he will join the firm’s management committee. He took over from Mark Whaley, who has been EVP for the private client business. Harrington was previously managing director and head of sales and marketing for Oppenheimer Asset Management. Harrington spent 25 years with the firm, in a number of roles. Whaley has been at the firm for over a decade.
RBC Wealth Management also hired a team in Bloomfield Hills, Michigan. They manage more than $1.4 billion in assets and join RBC from Wells Fargo. The Bosart Wealth Management Group consists of Eugene Bosart, managing director – financial advisor; Robert Bosart, managing director – financial advisor; Brad Bosart, managing director – financial advisor; Joe Moynihan, senior vice president – financial advisor; Maddalena Parks, financial advisor; Timothy Gates, senior financial associate; Cathy Capozzo, senior registered client associate; Jennifer Connor, senior registered client associate; Diane Price, senior registered client associate; and Brianne Aubin, senior registered client associate.
RBC Wealth Management recruited a new team in Mequon, Wisconsin. The WE Wealth Management Group comprised Paul Westphal, CIMA®, senior vice president – financial advisor; Tyler Briggs, CFP®, AAMS®, first vice president – financial advisor; Blaine Gibson, CFP®, AWMA®, vice president – financial advisor; Olinda Ayala, financial advisor; Paula Burns, senior registered client associate; and Bridget Lee, senior registered client associate. They manage more than $280 million in client assets and joined RBC from Baird.
RBC Wealth Management US named Nick Angilletta as its new head of equity for middle markets/institutional middle markets, based in New York. Angilletta has 30 years of experience in the financial services industry, with a particular focus on the wealth management capital markets space. Most recently, he was MD and head of capital markets Americas, wealth management at Deutsche Bank, which included overseeing fixed income, equities, and equity capital markets.
The firm in Seattle named Michael Foody as senior vice president and financial advisor. He has more than 30 years of industry experience and oversees about $120 million in client assets and comes from Wells Fargo Advisors. In Syracuse, the firm brought in a team at Buchan Wealth Management Group, led by Grady Buchan, managing director, financial advisor, who has 21 years of industry experience. Katie Ansonia, senior financial associate, is also part of the team. The team manages about $195 million in assets and joins from Wells Fargo. Finally, in Denver, Chris Coburn, a financial advisor, rejoined RBC from Baird. He has worked in the sector for 28 years and manages about $150 million in client assets.
LPL Financial added Seattle First Asset Management to its broker-dealer and corporate registered investment advisor platforms. The firm serves about $800 million of client brokerage and advisory assets as of October 26, 2018. Previously, Seattle First Asset Management was with Signator Investors.
Raymond James recruited financial advisor James Wildman to join Raymond James & Associates – the firm’s traditional employee broker/dealer – in Denver, Colorado. Wildman, senior vice president, investments, joined from Wells Fargo, where he previously managed approximately $160 million. He started his financial services career in 1998 with Everen Securities after serving four years in a security force company in the United States Marine Corps. He later worked at Prudential Securities, and prior to joining Raymond James, he served as a financial advisor at Wells Fargo for nearly 18 years.
Wilmington Trust appointed Rhonda Pirvulescu as a senior private banker in the company’s office in New York City. In this role, she provides lending strategies and cash management advice to high net worth clients. She is responsible for coordinating a range of specialized services available through Wilmington Trust’s wealth advisory team and M&T Bank. Pirvulescu was previously a senior vice president and private client manager for 15 years at US Trust, Bank of America Private Wealth Management. Earlier in her career, she spent five years with JP Morgan Private Bank.
Bank of America appointed Clayton Rose to join its board of directors. He is a member of the audit and compensation and benefits committees. Rose served as a director from 2013 until 2015, when he was appointed to his current position as president of Bowdoin College in Brunswick, Maine. He is a former senior executive with JP Morgan & Co. During his approximately two decades with the firm, he headed two of the five major lines of business – global investment banking and global equities – and was a member of the senior management team.
The chief executive of JP Morgan’s US private bank, Kelly Coffey, left the bank after being in the role for five years. Coffey, who has spent 25 years at JP Morgan in a range of segments, including asset and wealth management, left to pursue other opportunities. Barry Sommers, CEO of its wealth management operation, assumed responsibility for her direct reports.
Global financial services firm Northern Trust appointed Pamela Lucina as executive vice president and chief operating officer for the trust and advisory practice. She reports to trust and advisory services practice executive, David Williams. Lucina is based in Northern Trust’s Chicago office, where she continues to build the firm’s fiduciary and advisory operation, and drives the strategy for future business delivery. She has expertise in wealth, tax, philanthropic and business owner planning, as well as next generation education, governance and global family office matters. Prior to Northern Trust, Lucina was at BNY Mellon, where she was executive director for its wealth management advice, planning and fiduciary services practice. Previously she worked at JP Morgan, providing wealth and estate planning services, she spent 10 years in private practices as a tax consultant with Arthur Andersen, and in the trusts and estates departments of both Levin Schroeder and Mayer Brown law firms.
Spouting Rock Financial Partners, a financial services firm, appointed John Coyne as chairman of its asset management group. This is a new role for the firm which recently announced the launch of its asset management arm. Coyne was formerly vice chairman of Brinker Capital, a position which capped a 30-year career with the firm he co-founded. In his new role, Coyne has primary oversight for Spouting Rock Asset Management’s distribution platform. The firm also appointed John Dodd as head of institutional distribution in its asset management arm.
Evansville-based Old National Bank appointed Rafael Sanchez as president of private banking. Sanchez, who is based in Indianapolis, leads a team that focuses on the needs of its private banking clients throughout Old National’s five-state operation. He began his professional career in 1999 as a retail banker with National City Bank in Fort Wayne. Most recently, he was president and chief executive of IPL. As CEO of IPL, he was responsible for stakeholder management, community relations, customer experience, legislative and government affairs, energy-efficiency initiatives and strategic accounts.
Capco, a management and technology consultancy firm focused on the financial services industry, appointed Bryant Fuller as a partner in the firm’s US wealth and asset management practice. Fuller is based in Capco’s Charlotte office. He was previously executive director in wealth and asset management at EY. Fuller also served as Americas digital leader for the practice, leading and coordinating teams across service lines to support clients.
Raymond James hired financial advisors Kenneth Judd, Robert Gonzales and Joseph Klauzar to join Raymond James & Associates, the firm’s employee broker/dealer in California. Judd and Gonzales operate as Charted Course Wealth Management of Raymond James in San Diego. The team joined RJA from Wells Fargo Advisors, where they previously managed approximately $136 million in client assets. Also joining them at Raymond James is Anne Gotingco, a registered client service associate.
Judd, first vice president of investments, began his financial services career in 1993 with Prudential Securities. Prior to joining Raymond James, he worked as an advisor at AG Edwards and later at Wells Fargo. Gonzales, first vice president of investments, has more than 41 years of industry experience, beginning at Merrill Lynch and later working at Prudential and AG Edwards. Most recently, he worked at Wells Fargo Advisors.
Klauzar joined the firm’s Los Angeles operation. Klauzar joins the firm from Morgan Stanley, where he managed approximately $62 million in client assets.
Camden National Wealth Management hired Stephen Olore and Patrick White-Thomson. Olore is senior vice president and director of technical research and analysis. He has over 30 years of investment experience. Olore previously served as senior portfolio manager at People’s United Bank. White-Thomson has over 10 years of investment experience. He is vice president and portfolio manager. Most recently, White-Thomson served as senior portfolio manager and investment strategist at Holly Street Wealth Advisors.
Rockefeller Capital Management appointed Brian Cuneo as a managing director in the Rockefeller Global Family Office. Cuneo was previously a senior vice president in the Ayco Family Office, a Goldman Sachs Company. Prior to joining Rockefeller, Cuneo spent more than 22 years at Ayco where he led a team that delivered advisory services to current and former Fortune 500 CEOs, private equity professionals, entrepreneurs and other high net worth families.
Union Bank appointed Carrie Vilaplana as a vice president, private wealth advisor of its San Diego wealth management. She reports to Stephen Sherline, private wealth markets executive, Southern California.
Independent Solutions Wealth Management hired Paul Meeks to join its investment team. Meeks has over 30 years of research, equity analysis, and portfolio management experience.
Madison Wealth Management appointed Heather Molloy to its team as a wealth advisor. Based in Madison’s Leesburg office, Molloy has nearly 25 years of experience in financial, tax and strategic planning services. Most recently, she ran her own tax and business advisory firm. Previously, she was employed as a controller, finance, and human resource professional by several small- to mid-sized companies in the Washington, DC area.
Littlejohn & Co, a private investment firm based in Connecticut, appointed Beth Pollack as vice president of its special situations team, Thomas Bennet as vice president of its private equity investment team, and promoted Bart Stout as vice president of its special situations team. Pollack was previously at Marble Ridge Capital, where she focused on cross capital structure idea generation and analysis with an emphasis on portfolio construction and risk management. Stout joined Littlejohn in 2011 in the private equity group as an associate and moved to the special situations team as a senior associate. Bennet started his career with Littlejohn in 2011 and re-joined the firm, having spent time recently as managing partner for ScenarioTwo, an independent investment firm.
BNP Paribas Asset Management appointed Adam Kanzer as head of stewardship in Americas, within its sustainability centre. Based in New York, Kanzer reports to Helena Viñes Fiestas, BNPP AM’s global head of sustainability research and policy.
Wealth Dynamix, a client lifecycle solution provider added senior figures to its North America team. Kevin Jennings and Chad Jennings joined as senior vice presidents. The duo previously worked at Boston Consulting Group’s subsidiary, Expand Research, which BCG bought in 2011. Kevin Jennings recently led the business development function for Expand’s asset and wealth management division in North America. Chad Jennings led the asset and wealth management benchmarking practice at Expand Research.
Wilmington Trust appointed Sharon Klein as Eastern Region president for family wealth, and James O’Hoppe as president of the Tri-State Region, which includes New York City, Westchester, Connecticut, Long Island, and Northern New Jersey markets. Klein was promoted from president of the Tri-State Region to the newly-created role,. Klein works with Wilmington Trust and M&T Bank colleagues to serve high net worth clients across that region, and continues to be based in Wilmington Trust’s New York City office. She 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 for Lazard Wealth Management.
As president of the Tri-State Region, O’Hoppe is responsible for overseeing wealth advisory services in the Greater New York area. He leads a team of professionals who provide planning, trust, investment management, family governance and education, family office, and private banking services to high net worth clients. Prior to joining Wilmington Trust, O’Hoppe was senior vice president and managing director in the New York office of Bernstein Private Wealth Management, where he helped lead the New York Area private client business. O’Hoppe is also based in Wilmington Trust’s New York City office.
Key Private Bank appointed Steven Storey as market president and leader for Idaho. Story leads a client-facing team based in Boise, reporting to Thomas Tulodzieski, regional sales executive for KeyBank’s Rocky Mountain Region. Most recently, Storey served as senior vice president of commercial banking and market leader for Home Street Bank in Spokane, Washington and Northern Idaho. Previously, he was senior vice president and private bank director for Umpqua Bank in Washington and Idaho. He also served as senior vice president and wealth management regional director for Wells Fargo Bank for nine years.
Raymond James hired financial advisors Tamar Mogilski and Brian Bedford to join Raymond James Financial Services, the firm’s independent broker/dealer in Rochester, New York. Mogilski and Bedford operate as Legacy Financial Planning and join from LPL, where they managed more than $285 million in client assets. Joining them at the firm were office manager Martha Trumbull, investment consultant Samuel Zito, client service manager Lisa Mercadel, client relations associate Kaitlyn Kuder and digital marketing associate Shayne Mogilski. The team is based in Rochester, with offices in Shelton, Connecticut, and Oswego, New York. Mogilski and Bedford founded Legacy Financial Planning while at MetLife, making the practice independent in 2012 .on affiliating with LPL.
Raymond James hired financial advisor Ian MacClure to Raymond James & Associates, the firm's employee broker/dealer, in Denver, Colorado. MacClure joined Raymond James from Wells Fargo, where he began his financial services career. While at Wells Fargo, he managed more than $114 million in client assets. He serves a variety of clients, including business owners, high-net-worth individuals and families, and retirees.
Bernstein Private Wealth Management appointed William Dugdale as vice president and financial advisor in the Philadelphia office. In this role, he serves clients in Delaware and parts of Southern Pennsylvania. Dugdale has over two decades of experience in the financial services industry. Prior to joining Bernstein, he was a partner, portfolio manager and head of business development for the Delaware office of Brown Advisory, where he provided investment solutions and advice to families, foundations and endowments.
PIMCO, the fixed income investment manager, appointed Erin Browne as managing director and portfolio manager focused on asset allocation. Browne reports to Mihir Worah, managing director and chief investment officer for asset allocation and real return, and is based in Newport Beach. She has 16 years of investment experience. She most recently led asset allocation for UBS Asset Management, where she helped drive macro research and created a framework for allocation across asset classes.
SunTrust’s Private Wealth Management added two advisors and associates to its team serving the Charlotte metropolitan area. Joining the firm were Walter A Kennedy IV and Patrick Long, who are based at the SunTrust regional headquarters in Charlotte, North Carolina, along with their associates Amanda Mayhew and Jennifer James. Kennedy earned his bachelor’s and master’s degrees from North Carolina State University.
Argent Financial Group opened a new office in Oxford for Argent Trust Company and its Argent Family Wealth Services division. The location at 613 South Lamar Boulevard is a National Historic Landmark building. Family Wealth Services managing director, Mark Hartnett, leads the expanded team whose focus is on increasing Argent’s presence in Mississippi. He has more than 20 years of experience in trust management and administration. Harnett founded Family Wealth Practices in Oxford in 2008 and merged his company with Argent in 2014. Joining Hartnett at the new office are Brooks Campany, vice president and director of public relations, recruiting, engagement and culture for Argent Financial Group; and Blair Hull, associate of philanthropic services for Argent Institutional Services.
The company also hired Austin McCarty as a trust assistant. Before joining Argent, McCarty was a portfolio analyst with CBRE Group, a commercial real estate services and investment firm. He earned a bachelor’s degree in finance from Mississippi College.
Argent Trust Company appointed Timothy Quinn as a senior vice president/trust officer in its Shreveport office. Reporting directly to Gary Moore, president of Argent Trust’s operations in Louisiana, Quinn is responsible for managing personal and institutional relationships. With nearly 40 years of experience in the trust industry, Quinn came to Argent from JP Morgan Chase in Shreveport, where he was vice president and trust officer.
SANNE, the global provider of alternative asset and corporate administration services, appointed Jamie Villiers as a new business development director. Villiers joined SANNE’s team in London. In his new role, he is responsible for the sourcing of new business and key intermediary relationship initiatives across Europe, Middle East and Africa, and Americas. He works with Zena Couppey, managing director of business development. He has more than 22 years’ experience. Prior to joining SANNE, he served as vice president of senior sales and relationship manager at BNY Mellon.
Deutsche Bank Wealth Management appointed two senior figures for its operations in the US West Coast. Wendy McMillan joined as a managing director and private banker based in San Francisco, and Richard Aguiar joined as a managing director and private banker based in Los Angeles. McMillan, who has more than 20 years of experience, joined from Wells Fargo Securities Group, where she was a managing director in the investment solutions group, responsible for the distribution of investment products to registered independent advisors, high net worth investors and financial advisors in San Francisco. She was previously at Bank of America Merrill Lynch, Bankers Trust and Chase Bank.
Aguiar was previously a senior relationship manager at US Trust, providing solutions to ultra-high net worth families and medium to large endowments and foundations.
tru Independence, the US-based consulting and services platform for wealth management firms, brought in another client, Paces Ferry Wealth Advisors, a business launched as a recently as September 20.
Paces Ferry, led by founders Jeff Diamond and Zachary Morris, is based in Atlanta, Georgia, and offers wealth management and financial advice. At the time of writing, it advises on more than $200 million of client assets. Before they set up this business, Diamond and Morris were part of the eponymous Diamond Morris Group at JP Morgan Securities, a wealth management division of JP Morgan, where Diamond was managing director and Morris was a financial advisor. They were joined at the new firm by senior client associate Connor Jabs.
US-based wealth management firm Baird added a group to its business in Abilene, Texas, and brought in a senior financial officer to join its business in Indianapolis. Joining the Abilene business was the Galbraith Group, including financial advisors Gerald A Galbraith and Cathie G Coleman, CFP®, both managing directors. The team oversees $220 million in assets and generates more than $1.5 million in annual production. Kris Callaway, MD, joined the Indianapolis business and she oversees more than $390 million in assets and generates nearly $4 million in annual production.
Rockefeller Capital Management named the first person to join its newly-opened office in Florida. Douglas R Dubiel joined Rockefeller Wealth Management as a managing director and senior wealth management advisor. Dubiel has 27 years of wealth management experience and reports to Michael Outlaw, who the firm previously announced leads Rockefeller Wealth Management’s growth strategy in the Eastern US, including opening Rockefeller Capital Management’s Atlanta office.
Prior to this, Dubiel was at a billion-dollar family office in West Palm Beach, Florida, where he was the chief operating officer and trustee for the past four years, and before that he spent nine years as the chief investment officer and trustee. Previously, Dubiel was a senior vice president for Merrill Lynch Wealth Management, working with corporate executives, business owners and wealthy families on all facets of wealth accumulation, distribution and transfer strategies for 14 years.
US-licensed REYL Overseas, based in Zurich with an office in Dallas, Texas, appointed René Marty as its chief executive; he came from a similar business at UBS. Marty replaced Romain Krief. Marty has over 25 years of experience in the financial industry, most of which was spent dealing with North American clients. He served as managing director and chief executive of UBS’s SEC-licensed subsidiary, Swiss Financial Advisers, from 2009 to 2017.
Citi Private Bank opened a new office in Atlanta, based in Georgia’s Buckhead region. Austin Koenen, a private banker serving ultra-high net worth individuals, and Doug Poetzsch, an investment counselor, initially lead the office. They report to Luke Palacio, regional market manager – Southeast US.
Koenen joined Citi from JP Morgan Private Bank in Atlanta, where he was a banker responsible for advising ultra-high net worth relationships throughout the Southeast. He has over 15 years of industry experience. Prior to JP Morgan, Koenen worked in Hong Kong, London and New York for Nomura International and Lehman Brothers. Poetzsch joined Citi Private Bank as an investment associate in 2017. Previously, he was an associate equity sales trader at Citi, where he covered hedge funds and wealth management firms up to $5 billion in assets under management.
Rockefeller Capital Management appointed former Bank of America Merrill Lynch senior figure R Mitchell Theiss as vice chairman of the Rockefeller Strategic Advisory side of the business. Theiss has worked in investment banking for more than three decades. He worked at BoA Merrill Lynch for 19 years, most recently was chairman of global industrials. Before that, he worked for about 10 years at Goldman Sachs. He gained an MBA from The Wharton School at the University of Pennsylvania.
Newly-created Cresset Family Office hired former Abbot Downing senior managers Jill Shipley and Vimala Snow to join its team. Shipley, who is based at West Palm Beach, heads the family office’s “Family Culture, Impact and Governance” operation. Her new firm is drawing on her experience as managing director of the Institute for Family Culture at Abbot Downing, where she was a family wealth consultant focused on family dynamics, education and governance, family business transitions and social impact analysis. Previous to that, she served as director of Next Generation Education for GenSpring Family Offices.
Freshly-minted Correct Capital Wealth Management set up, led by founder and chief executive Brian Pultman and based in St Louis, Missouri. It advises on more than $600 million of assets under management. Before he founded this firm, Pultman founded the eponymous Pultman Wealth Management Group at Wells Fargo Advisors. Pultman was joined by John Biedenstein, financial advisor and retirement plan specialist, Maggie Badolato, financial advisor and retirement plan educator, Rose Marie Gennaro, senior client associate and service/ lending specialist, and Megan Riggin, client associate and service/ operations specialist, who were also part of the Pultman Wealth Management Group team.
Goodwin, the global law firm has elected 22 of its lawyers to become partners. Among those promoted at Goodwin were the following who work in areas related to the activities of high net worth individuals:
Charles A Brown represents issuers, underwriters, and individuals in securities class actions, shareholder derivative actions, and criminal and regulatory proceedings. He also has extensive experience of representing investment advisers in mutual fund litigation.
Jason F Monfort represents investment companies, independent directors of registered investment companies, registered investment advisers, broker-dealers, private investment funds, insurance companies, and other financial institutions in the full spectrum of financial services regulation applicable to developing, marketing, and offering financial products.
Morgan Mordecai concentrates on government and internal investigations, including civil and criminal investigations by the DOJ, the SEC, and other regulatory agencies, M&A-related litigation, securities litigation, and complex business litigation matters. Her clients include public and private healthcare, life sciences, and technology companies, their boards and officers, private equity and venture capital firms, and financial services providers.
Windham Brannon, which provides tax, audit and advisory services, promoted Laura Berry to principal. Berry, who joined the firm 10 years ago, previously served as senior manager of tax, and leads its manufacturing and logistics segment. She was previously an accountant for Turner Broadcasting.
US wealth management firm Oppenheimer & Co named Christopher Lappas as branch manager of its Stamford, Connecticut branch. Lappas assumed responsibility for overseeing and managing day-to-day operations for the Connecticut branches, recruiting and expanding the firm's number of financial advisors. Prior to joining Oppenheimer, Lappas was a senior managing director and branch manager with Stifel/Sterne Agee and Leach, where he helped build its first wealth management office in New York City. Additionally, he has held prominent roles with financial institutions such as Bank of America Merrill Lynch, Snowden Capital Advisors, and Citibank.
MG Capital, the real estate private equity investment manager specializing in Manhattan luxury residential properties, appointed Greg Taylor to join its management advisory board. Taylor has over 30 years of experience in both the US and Europe. He serves as a founding partner of Sequoia Investment Management, an asset manager based in London. He has experience raising capital in global markets for a wide range of infrastructure projects, including airports, toll roads, rail lines, student housing, fiber optic cables, renewable energy, regulated utilities and rolling stock.
Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, appointed Mark Bradford as senior vice president and director in the wealth management division. Bradford reports directly to Jennifer Dempsey Fox, president of BMT Wealth Management, and maintains an office in Bryn Mawr. He leads a group of wealth professionals – wealth advisors, portfolio managers, and relationship managers. He joined BMT Wealth Management after eight years at PNC in Philadelphia.
Signature Bank, a New York-based full-service commercial bank, hired three private client banking teams to join its offices in Manhattan and Long Island. Lisa Vazquez-Kailey and Noel Vazquez were both named group directors and senior vice presidents as part of a three-person private client banking team, based at the bank’s private client banking office in its midtown Manhattan headquarters.
Vazquez-Kailey has more than 25 years of experience. She was a vice president and Citigold private client relationship manager at her former employer, based in Midtown. Vazquez, with 24 years of banking and investment experience, spent the past six years as vice president and Citigold private client relationship manager in Stamford, Connecticut. Also joining the team was Milagros Rodriguez, who was named senior client associate. Rodriguez spent her entire 19-year banking career at Citibank in Midtown Manhattan.
Second team
A Signature Jay Young and Ling Li, both named as group director and senior vice president, are part of a three-person team at the bank’s private client banking office at 261 Madison Avenue in New York City. The two have known each other for nearly 10 years while working at the same banks throughout their careers. Young, with 15 years of banking experience, was a vice president and senior mid-corporate relationship manager at HSBC on Long Island, and earlier spent five years at Capital One Bank in New York City.
Most recently, Li, with more than a decade of business banking experience, served as vice president and senior business banker at Capital One Bank in Midtown Manhattan for more than five years. She was also a vice president and senior business relationship manager at HSBC.
Third team
Another team joined the Woodmere private client banking office. It is headed by Naor Boxer, group director and senior vice president, and Lisa Murphy and Michael Weinberg who are both group directors and vice presidents. The team worked together for the past five years at Citibank.
Boxer, having spent a decade in banking, was most recently a Citigold relationship manager. He originally joined Citibank as a personal banker and was promoted to Citigold relationship manager within several years. Murphy spent nearly eight years at Citibank as a Citigold relationship manager in both Midtown Manhattan and Long Island. With 11 years in banking, previously she was a financial specialist at Wells Fargo.
Weinberg has 19 years of financial services experience. Before joining the bank, he was a Citigold relationship manager in Long Beach, Long Island for six years. Previously, he was a financial advisor and private banker at UBS.
BNY Mellon appointed Sabet Elias in the newly-created role of chief technology officer. He joined the firm's technology executive committee and is based in New York. Elias reports to Bridget Engle, senior executive vice president and chief information officer. He has more than 20 years of experience in building and operating tech. He joined from Bank of America, where he was the sales and trading CTO for global banking and markets.
Also, BNY Mellon appointed Avi Shua as technology lead for wealth management. Shua reports to Engle, and wealth management chief executive, Catherine Keating. He joined from Goldman Sachs, where he was the global head of private wealth management technology and was a member of the Goldman Sachs technology executive leadership group.
Sanctuary Wealth Partners hired RiceBarrett Family Wealth. Founded by wealth advisors Martin Rice, and Beau Barrett, and joined by registered administrative partner, Jan Lasiter, Indianapolis-based RiceBarrett serves local, regional, and national families. Rice and Barrett previously spent more than two decades at Merrill Lynch. Lasiter will continue to address the preferences and priorities of each family.
Merrill Lynch Wealth Management appointed Stanley Stephens as market executive for its Texas West community market. The newly-created market consists of seven Merrill Lynch offices in Abilene, Lubbock, Midland and Amarillo, Texas, Hobbs and Roswell, New Mexico; and Lawton, Oklahoma. Stephens will lead the Texas West market’s team of Merrill Lynch financial advisors.
He joined Merrill Lynch as an advisor in 2010 and has since served in a variety of leadership roles for the firm. Prior to working in the financial services industry, he held management roles for the Goodyear company for 11 years. He also served for four years in the US Army.
Raymond James hired financial advisor James Melstrom to join Raymond James & Associates in Bloomfield Hills, Michigan. Melstrom joined from UBS, where he previously managed more than $110 million. He has been in the financial industry for more than 25 years, having worked at Prudential Securities and later, Morgan Stanley.
Union Bank appointed Jason Whong as director and senior wealth strategist in its wealth markets team in San Francisco. He reports to Jason Liu, head of wealth planning, and director of sales development and training for wealth markets. Prior to joining the bank, Whong served as a wealth planning strategist at US Bank in San Francisco.
Aviva Investors, the global asset management business of Aviva, appointed Susan Schmidt as head of US equities. These appointments follow the arrival in January 2018 of David Cumming as chief investment officer of equities. Schmidt, who has over 25 years’ experience in the investment industry, will be based in Chicago and reports to Cumming.