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Summary Of Executive Moves In Global Wealth Management - August 2013

10 September 2013

UK-headquartered Goal Group appointed David Gilbert as global business development manager, based at Goal Group’s London office. In his new role, Gilbert reports to Noah Wortman, director of global business development, based in Philadelphia.

Baring Asset Management, appointed James Ross to the newly created role of director of investment process. Ross is based in London and reports to Marino Valensise, chief investment officer.

Barclays Corporate & Employer Solutions appointed Jonathan Parker to lead the development of its investment proposition, reporting to Katharine Photiou, head of workplace savings. Based in London, Parker is responsible for investment strategy and developing the firm's workplace pension investment proposition. 

Kleinwort Benson appointed Joakim Gasslander as senior private banker in its private wealth management team, based in London. Gasslander previously served as a senior private banker at Lloyds Private Banking, where he was responsible for multi-jurisdictional families and ultra high net worth individuals.

Helen Park-Weir, formerly a brand manager at Investec Private Bank, joined EFG Private Bank. She is based in London and responsible for heading the marketing team in the UK.

Swiss-based wealth management house B Capital appointed Bob Atkinson as a partner with principal responsibility for lending solutions, based in the firm’s London office.

Thesis Asset Management appointed Tom Low as an investment manager, based in the firm’s Lymington office. Low joined Thesis from Barnett Waddingham Investments and reports to director of institutional sales Giles Marriage.

Hargreave Hale appointed Jean Roche as a fund manager, based at the firm’s London office. Roche joined from Panmure Gordon, where she served as a senior equity analyst specialising in the retail sector. 

Baring Asset Management appointed Peter Curry as assistant director for international institutional sales, based in London. Curry joined Baring from Nomura Asset Management, where he served as business development director. He reports to Andrew Benton, head of international sales and business development, and is responsible for strategic partnerships and initiatives focusing on new client acquisition.

Kleinwort Benson appointed Gemma Woodward as head of charities, a newly-created role, reporting to Stephen Rothwell, head of private wealth management. Woodward joined from Newton Investment Management, where she was lead manager of Newton's Socially Responsible Investment Fund for Charities and responsible for charity investment mandates.

Future Capital Partners appointed Ian Pugh to the position of business development manager in its sales team. Pugh joined Future Capital Partners from Ingenious Media, where he was an investment director, responsible for managing relationships with over 40 private banks, wealth managers, accountants and financial advisors.

M&G Investments appointed Daniel White as the manager of its M&G North American Value Fund, based in London. White is supported by deputy manager Richard Halle, who currently manages the M&G European Strategic Value Fund.

Brewin Dolphin appointed Steve Nicholas as the new head of office for its Hereford branch. In his new role, Nicholas manages investment portfolios for individuals, charities, trusts, and pension funds.

Brooks Macdonald Asset Management, appointed Lisa Brown as an intermediary sales manager, based in London. She is responsible for increasing the support that the firm provides to professional advisors in London.

RBC Wealth Management  appointed Sarah Hunter and Victoria Riding as directors in the London-based credit team. Before joining the firm, Hunter was the in-house legal counsel at HMV Group. Riding joined from Bank of America Merrill Lynch, where she was director, international credit and banking in charge of credit structuring for Continental Europe.

Barclays Wealth and Investment Management appointed David McKenzie as a managing director to its UK private banking team, based in London. He joined from Deutsche Private Wealth Management, where he was managing director of private wealth management.

The group finance director of Barclays, Chris Lucas, stepped down from the role on 16 August ahead of his previously announced date due to reasons of ill health. Lucas was appointed to the role in April 2007 and joined Barclays from PricewaterhouseCoopers, where he was UK head of financial services and global head of banking and capital markets.

Schroders expanded its UK strategic solutions team with the appointment of Rosalind Mann. Mann joined from Towers Watson, where she was an investment consultant for the past five years. She is working with clients on the design and implementation of the recently launched fund protection solution Flight Path Swift.

Baring Asset Management appointed Ed Moisson as business development analyst, based in London. Moisson joined Baring from Lipper where he held a number of senior research roles. He reports to David Stevenson, head of product and business development, and in his new role he is responsible for working with the sales teams to identify trends and opportunities in the market, along with providing general market analysis and insight on the mutual fund and institutional business.

Aviva Investors appointed Sunita Kara as portfolio manager to its European high yield team. Kara is based in London and reports to Todd Youngberg, head of high yield investments. She joined from Baring Asset Management, where she was global high yield portfolio manager. 

Neuberger Berman appointed Jon Jonsson as managing director and senior portfolio manager for global fixed income strategies, based in London. Jonsson joined from JP Morgan Asset Management, where he served for 15 years, most recently as head of global aggregate strategies.

Cordea Savills appointed Giuseppe Oriani as managing director of its Italian subsidiary, based in Milan. In his new role, Oriani is responsible for the development of new business initiatives in Italy and investor relationships for existing Italian funds.

Deutsche Asset & Wealth Management appointed Jonathan Kent as head of financial intermediaries distribution for the UK and Ireland, reporting to David Morrow, the head of UK distribution and global client group. Based in London, Kent is responsible for distribution to all key financial intermediary accounts with a UK and Irish presence as well as private banks, wealth managers, discretionary managers, asset managers and multi-managers. He joined from Deutsche Bank’s institutional client group in the corporate banking and securities division, where he was responsible for the sale of investment products, funds and derivative-based structures.

Franklin Templeton Investments appointed Toby Hayes as vice president and portfolio manager for its Franklin Templeton multi-asset strategies group. In his previous role, Hayes was multi-asset portfolio manager for Pacific Real Estate Capital Partners, where he was responsible for developing alternative strategies across real asset classes.

Butterfield Private Bank appointed James Mcneill and Nicholas Rilley to the newly-created role of investment managers in its London-based asset management team. McNeill joined Butterfield from Vintage Asset Management and Rilley from Prospect Wealth Management. In their new roles McNeill and Rilley are responsible for providing fund analysis to the wider Butterfield group, while working with clients to review and monitor their portfolios.

iShares appointed Tom Fekete as head of product development in Europe, the Middle East and Africa. Fekete is based in London, reporting to Joe Linhares, head of iShares EMEA. In his new role, he is responsible for driving the expansion of products in the EMEA region. Fekete joined from Barclays Wealth, where he was EMEA head of investment products and global head of foreign exchange advisory. Before this, he headed the structured solutions team at UBS and the products and services distribution arm of the Swiss bank.

JP Morgan Asset Management appointed Nicholas Roberts as portfolio manager for JPM Fusion Funds, a whole-of-market, fund-of-funds range. He reports to Tony Lanning, lead fund manager for Fusion. Roberts is responsible for assisting Lanning in portfolio management and is based in London in his new role.

Switzerland

Zurich-listed EFG International announced that Ludovic Chechin-Laurans stepped down as a member of its executive committee and as the head of private banking for Switzerland.

Chechin-Laurans stepped down for personal reasons and is returning to the Bahamas where he will pursue a new business venture, in which capacity he will continue to collaborate with EFG International.

Deutsche Asset & Wealth Management, which has made a number of recent senior hires, announced that former senior Credit Suisse executive Felipe Godard will join the firm as a managing director and head of wealth management, Latin America, effective 1 October.

Godard will be based in Geneva and report to Haig Ariyan and Chip Packard, co-heads of wealth management, Americas, and into the executive management board of the Swiss banking entity, chaired by Marco Bizzozero, CEO, Deutsche Bank Switzerland, and head of wealth management for Europe, the Middle East and Africa.

EFG Bank, the Swiss principal subsidiary of EFG International, appointed Stephan Keiser to the position of head of private banking, Zurich, with effect from January 2014.

Keiser will report to John Williamson, Group chief executive, in the latter’s capacity as CEO, EFG Bank.

He joins from Bank Vontobel, where he was head of private banking international from 2006, with market responsibility for Latin America, Asia-Pacific, the Middle East and Italy. Prior to this, he was team leader, private banking Asia-Pacific. Between 1998 and 2003, he worked at Julius Baer, with a number of international postings including to Asia, and his early career was spent at Bank Falck & Co and UBS.

HSBC Private Bank hired Oliver Maas and Julien Froidevaux as managing directors, to support the firm’s strategy to focus its external asset management business on multi-family offices.

Maas, who joined HSBC as market head MFO business development, previously served at Credit Suisse for eight years, creating solutions for ultra high net worth clients and their advisors. Most recently, he was responsible for the MFO segment in the global external asset managers department of Credit Suisse, before which he spent six years with Julius Baer.

Froidevaux joined HSBC as market head MFO business development from UBS, where he headed the multi-family office business in Romandie. After starting his career in the consulting business with Andersen, Froidevaux spent ten years with Lombard Odier & Cie, and more recently the Bank of China . At the latter, he focused on financial intermediaries for the past eight years.

Both men report to Roger Lehmann, Swiss market head and responsible for the external asset management business. Maas will focus on German-speaking Switzerland and Froidevaux on Romandie.

Europe

Bank J Safra Sarasin , the Swiss private bank owned by Brazil-headquartered Safra Group, will open a new office in Stuttgart on 1 October this year as part of a reorganisation of its German activities.

Heading the new office is Artur Montanhas, who has worked for the bank since 2009, according to a statement from the firm. He will also be regional manager for Baden-Württemberg, while Werner Schwenk becomes deputy manager for Stuttgart.

As a result of the new office, the activities of the Nuremberg office will be transferred to the Stuttgart and Munich offices, effective 30 September.

Investec Asset Management, part of UK and South Africa-listed Investec, recruited Frans van Leeuwen as European client and business director.

Van Leeuwen joined Investec from Insight Investment where he served as a client director. Before this, he held similar positions at Threadneedle, Credit Agricole Asset Management and Merrill Lynch Investment Management.

The former head of multi-asset-class investing at Vontobel, Livio Dalle, joined Kairos Julius Baer as senior portfolio manager.

He serves as co-manager of network funds with a focus on customised management products, having began his career in 1997 with Banca Popolare di Novara as an equity manager, before moving on to Caboto SIM, where he handled sales and proprietary trading for institutional investors. Dalle then worked for Mediobanca as an analyst in the Financial Institutions Group and in 2001, he joined UBS Italia as Head of equity. In 2008, he was named head of special mandates for Banca Leonardo. 

Stockholm-based Swedbank, one of Scandinavia’s largest banking groups, made Anders Karlsson it chief risk officer.

Karlsson succeeded Håkan Berg who has since taken on a new role in recovery and resolution. Meanwhile, Berg continues as chairman for Swedbank’s operations in Russia.

Prior to the appointment, Karlsson was head of risk at Swedbank Treasury and at other such institutions.

The government of Gibraltar appointed two senior executives in newly-created roles to help develop the Rock's financial services sector.

Victor Galliano is based at Gibraltar House in London and will be responsible for promotion of Gibraltar in the UK financial services industry, while Philip Canessa is based in Gibraltar, working on the promotion of funds and investment services.

Canessa has 30 years’ experience in the financial services sector in Gibraltar, London and the Channel Islands. He also held a number of senior positions within the funds industry in Gibraltar, including membership of the Finance Centre council and chairmanship of the Gibraltar association of stockbrokers and investment managers.

Galliano has 25 years' experience in financial services and has worked in London for NatWest, Barings, BBVA/LatInvest and most recently HSBC in New York. They report to Finance Centre director James Tipping.

Asia-Pacific

Jeffrey Yap, the former head of Asian fixed-income trading at Mizuho Financial Group, expressed plans to start his own credit-focused hedge fund in Hong Kong. Yap is to be joined at Ark One, the new firm, by two other yet-to-be-named founding partners. The fund was opened in mid-August.
 
The Australian Financial Services Council named Greg Cooper as its new chairman, taking over from Peter Maher, who retired in 31 July. Cooper was previously the CEO of Schroders Australia and has been director of the FSC since 2008. Maher leaves after serving as chairman for three years.
 
Legal & General Investment Management named Horace Hung as senior credit analyst for emerging markets. Hung joined from Manulife Asset Management , where he was senior director of credit. LGIM opened its Asia-Pacific headquarters in Hong Kong in July 2013.
 
Singaporean sovereign wealth fund Temasek added former World Bank chief Robert Zoellick to its board of directors as it prepares to open its first office in the US. The decision comes as the firm seeks to increase its investments outside of Asia.
 
Swiss banking giant UBS named Gan Seow Ann as vice chairman of UBS Wealth Management South East Asia and Asia-Pacific, based in Singapore. Gan was president of Singapore Exchange and now reports to Singapore country head Edmund Koh and CEO of the wealth arm's SE Asia and Asia-Pac business. 
 
BNP Paribas expanded its offshore wealth management franchise in India with a new senior appointment. Ravinder Singh rejoined the firm as senior director in early August after serving as director and head of North India at Barclays Wealth. In his new role, he reports to Samir Bimal, global head of India onshore business and managing director and CEO of BNP Paribas Investment India.
 
Patrick Donze, head of the investment office, North Asia, at Julius Baer in Hong Kong, resigned so that he can move to Singapore. His future plans are unclear.
 
Peter England, head of retail financial services at CIMB Malaysia, left the bank to take up a senior role for another yet-to-be-named bank in Dubai. Details are unclear as of this writing.
 
Global asset manager Russell Investments reshuffled its global and Australian senior executive ranks. Jeff Hussey was named global chief investment officer after Pete Gunning, the CIO since 2008, who is moving back to Australia to lead the Asia-Pacific operations. Gunning succeeded Alan Schoenheimer, who transitions from being the Asia-Pac CEO to a non-executive advisory role. Gerard Fitzpatrick, currently the senior fixed income portfolio manager, takes over from Hussey as CIO for global fixed income. All these take effect 1 October 2013.
 
Sun Life Hong Kong and Sun Life Financial Asia announced the appointment of Wim Hekstra as chief executive in Hong Kong. He succeeds Roger Steel, who had been named president of new markets and business development for Sun Life Financial Asia.
 
Manulife Financial, the Canadian asset manager, bolstered its Greater China franchise with the appointment of Michael Huddart as executive vice president and general manager. He will oversee the firm's operations in Hong Kong, Mainland China and Taiwan. He also becomes chairman of Manulife-Sinochem Life Insurance and vice chairman of Manulife TEDA Fund Management in Mainland China. He also assumes responsibility for the firm's Taiwan asset management business, while continuing to be CEO of Manulife and CEO of Manulife Asset Management in Hong Kong.
 
Northern Trust strengthened its technology and consulting business in Asia-Pacific with the hire of Andrew Tan as head of investment risk and analytical services for the Asia-Pacific region. Tan previously served as head of the risk and performance consulting practice at RBC Investor Services. He is based in Singapore.
 
Ligia Torres, head of wealth management in the UK for BNP Paribas, was appointed to head of APAC and emerging markets for BNP Paribas Investment Partners, a newly-created role. She continues to be the UK head of investment solutions. As part of the change, Jean-Louis Tourne was named UK head of wealth management.
 
The Monetary Authority of Singapore announced a series of changes to its senior management lineup. Teo Swee Lian stepped down from the role as deputy managing director for financial supervision to become the special advisor in the managing director's office. Teo is succeeded by Ong Chong Tee, who relinquished his roles as deputy managing director for monetary policy and investment and deputy managing director for financial development. Jacqueline Loh assumes Ong's old post, as well as become deputy managing director for development and international. Dr Andrew Khoo was named deputy managing director for corporate development. Foo-yap Siew Hong left her post as assistant managing director to become assistant managing director for special projects in the managing director's office. Foo was replaced by Ng Nam Sin, who relinquished his role as assistant managing director fo development. 
 
Royal Bank of Scotland strengthened its South East Asian international banking business with the appointment of Brijesh Mehra, current head of international banking for India. Mehra expands his role to include SE Asian countries like Indonesia, Malaysia and Thailand. He remains based in Mumbai. In addition, Charly Madan was named head of capital and portfolio management in Asia-Pacific. Madan has been with the company since December 2012. Both report to Madan Menon, co-head of markets and international banking in Asia-Pacific.
 
Former Royal Bank of Canada associate John Kay Jin Khoo was sentenced to 23 months in jail by the Sydney District Court after pleading guilty to revealing insider information. He was sentenced in April 2013 and is to be released in his recognisance in the sum of $454 to be of good behaviour for the remaining nine months.
 
Deutsche Bank appointed James McMurdo as its new chief executive for Australia and New Zealand after John Macfarlane announced that he is retiring in early 2014. Macfarlane leaves after 25 years at the bank. McMurdo steps in officially in February 2014 and reports to Gunit Chadha and Alan Cloete, co-chief executives for Asia-Pacific and members of the group executive committee.
 
BlackRock named Kevin Hardy as country head for Singapore. Hardy added to his role as head of beta strategies for Asia-Pacific and with the appointment is now responsible for overseeing all of BlackRock's Singapore and South East Asia business interests. He takes over from Alastair Riach, who remained as head of the institutional client business for Singapore and South East Asia.
 
AMP Financial Services appointed Patricia Montague as head of the superannuation and retirement products division. Montague moved from Commonwealth Bank of Australia, where she was the general manager of the retail customers and transformation unit. She replaced Chris Jansen, who moved to a new role within the company's compliance project team.
 
Banque Internationale a Luxembourg's Singapore branch named Reto Isenring as chief executive. He takes up his new post on 15 October 2013 and replaces Han Yeah Le. He was previously the CEO of VP Bank .
 
BNY Mellon strengthened its Asia-Pacific team with the appointment of Richard Collis as managing director for investment management, reporting to Jane Caire, head of strategy and corporate development for the Asia-Pacific business. Prior to this, he was head of the bancassurance business at MetLife in Asia-Pacific. He assumes is a newly-created position.
 
Barclays continued to expand its reach in the North Asia private banking arena by naming Connie Chung as vice president and relationship manager. Cheung previously worked as an associate vice president at Swiss private bank EFG. She reports to Rickie Chan, market head for Hong Kong.
 
Lee Quo-Wei, the former chairman of Hong Kong-based Hang Seng Bank, passed away in 10 August at the age of 95. Dr Lee has been with the bank since 1946. The company credits Dr Lee for his instrumental role in turning Hang Seng into one of the largest lenders in Hong Kong and helping prevent a bank run in 1965 by injecting capital from HSBC. He was also part of the team that built the Hang Seng Index.
 
Henderson Global Investors, the London-based asset manager, named Wong Hur Ming as head of retail sales in Singapore. Ming joined the firm from Deutsche Asset Management, where he served as deputy head of intermediary sales for the South East Asia mutual funds distribution unit. He replaced Dennis Ng, who has left the firm, and now reports to Mabel Chan, head of wholesale distribution in Asia.
 
Jonathan Jin Yi Ang, a former analyst with Lincoln Crowne & Company, was given a two-year good behaviour bond by the Australian Securities Exchange Commission after pleading guilty to insider trading. Ang admitted to using inside information on the acquisition of Norton Gold Fields by Zijin Mining in April 2012.
 
ANZ appointed Andrew Geczy, a former senior executive at Lloyds Banking Group, as chief executive for international and institutional banking, reporting to ANZ CEO Mike Smith. Geczy starts 16 September and will be based in Melbourne.
 
US-based international law firm Orrick, Herrington & Sutcliffe expanded its Asian merger and acquisition and private equity practice by hiring Edward Johnson as its new partner in Tokyo. Johnson moved from Paul Hastings, where he served as managing director for the Tokyo branch.
 
Japanese bank Nomura Holdings hired two senior executives from Bank of America Merrill Lynch to strengthen its Asian equities business. Stanley Wong is now head of North Asia equity distribution, while Ajay Gupta is head of client trading for Asia ex-Japan for the equity derivatives arm. Both are Hong Kong-based. Wong was previously the head of Greater china equity distribution at BoA Merrill Lynch. Gupta used to be the head of equity-linked trading for the Pacific Rim division at BoA.
 
Bank J Safra Sarasin appointed industry veteran Jeffrey Benjamin as managing director, client advisory in Singapore. Benjamin was the managing director and team head of international private wealth at HSBC Private Bank in Singapore. In this new role, he reports to Eric Morin, CEO of the Singapore and South East Asia business.
 
Melinda Howes, departing CEO of the Actuaries Institute in Australia, is set to take a position with AMP's wealth management business. Her title and responsibilities have not yet been revealed, but will likely encompass strategy and business operations. Howes resigned from her old job and officially leaves on 1 November. She takes her place at AMP at the end of the said month. 
 
US global markets and financial advisory firm StormHarbour strengthened its Asia-Pacific presence with a series of senior appointments for Singapore. Sandeep Gill and Barry Dick, former co-founders of OPVS Group, joined as principal and managing director. Both will be responsible for structuring activities across the region. Also now part of the team are Martin Otway and Nicholas Loh, both also from OPVS, as directors.
 
ABN AMRO Private Banking bolstered its commitment to grow in North Asia with new senior hires. The firm appointed Angela Wu as managing director and market head for China. She is accompanied by Mike Sum and Angela Yuen, both senior private bankers, and Shirley Ho, assistant private banker. Wu joined from China International Capital Corporation. Based in Hong Kong, she now reports to Ian Pollock, head of private banking for North Asia.
 
Global investment manager BNY Mellon appointed Eugene Bang as head of the Korean investment management arm, based in Seoul. Bang stepped in from Deutsche Asset Management Korea, where he was a director and country manager of the mutual funds business. In this role, he will be responsible for the local investment management operation, including consulting and liaising with regulatory and industry participants, conducting market research and assessing opportunities in the Korean market.
 
BGC Partners named Peter Pao as the new director for the Greater China operations. Pao used to be the chairman of Greater China at Tullett Prebon and general manager of TP Sitico. Based in Hong Kong, he reports to Len Harvey, executive managing director and general manager for Asia-Pacific.
 
Deutsche Asset and Wealth Management appointed Sean Taylor, a former Pioneer Investments executive, as head of emerging market equities. Taylor joins from the company's London office and will oversee emerging markets equity strategies, products and investment teams globally. He reports to Randy Brown and Asoka Woehrmann, co-chief investment officers at DeAWM.
 
RBC Global Asset Management named Mayur Nallamala as senior portfolio manager and head of Asian equities, based in Hong Kong. Nallamala is now responsible for managing RBC GAM's $1.5 billion in Asian equity sales, while leading a team of portfolio managers and analysts in Hong Kong. Prior to RBS, he spent eight years at JP Morgan Asset Management in Hong Kong.
 
CIMB Group strengthened its asset management arm with the appointments of Munirah Khairuddin as CEO of CIMB-Principal Asset Management Malaysia and Pedro Esteban Borda as CEO for the ASEAN region. Khairuddin most recently served as deputy CEO. Borda was previously the country head of Principal Financial Group Mexico.
 
Oversea-Chinese Banking Corporation, the Singaporean bank, hired Tan Kee Phong as the new head of its debt capital markets and loan syndication team. Tan was previously the head of capital markets in Singapore at Standard Chartered Bank. He replaced Sim Buck Khim and Mark Yeo and now reports to Gan Kok Kim, the head of group investment banking. Khim now heads the debt capital markets team, while Yeo heads the loan syndication unit.
 
Nikko Asset Management created a new marketing leadership role and named David Collins to the position. Collins is now head of group marketing and communications, joining from The Hartford Financial Services Group, where he was head of external corporate communications. 
 
Hang Seng Bank announced senior appointments in China. Dorothy Sit was re-designated as executive director as at 22 August. On the same date, she became head of the China business. With the change, Sit ceased to be the chief executive of Hang Seng China, but retained her position as vice-chairman. Also newly installed was Gordon Lam as CEO for China. Lam became head of business development, corporate and commercial banking in January 2012 and was appointed deputy CEO in March 2012.
 
Former Sydney financial advisor Pavan Vyas pleaded guilty to two charges of dishonesty after he was found have been "tombstoning." The Downing Centre Local Court found that Vyas earned for himself some $218,000 in commissions when he was a representative of financial advisory firms Lionsgate Financial and HNW Planning from June 2012 to March 2013. The Australian Securities and Investment Commission banned him for life from the financial services industry.
 
International accountancy and advisory firm Moore Stephens strengthened its Queensland wealth management business with the hire of Bob Blurton as general manager of Moore Stephens Wealth. Blurton is based in Brisbane and will be working closely the heads of each of the six offices the company has in Queensland. Moore Stephens Wealth records some $712 million in client funds.
 
Oaktree Capital Management named Ken Park into the newly-created position as vice president of marketing and client relations, based in Hong Kong, as part of efforts to build its Korean operations. Park moved from Robeco Institutional Asset Management in Seoul, where he was the chief representative of the Korean office. 
 
Rothschild appointed former UBS veteran Alois Muller as managing director and head of the wealth management business in North Asia, based in Hong Kong. He took on his new position in 2 September. Muller has worked for UBS for 35 years, most recently as head of ultra high net worth for several Asian countries.
 
Zabin Dabu was appointed by Coutts as executive director in Asia. Dabu, who was previously the head of Thailand and former head at the bank for its Indian markets group, is based in Singapore and now reports to Ranjit Khanna, head of South East Asia at Coutts. This is a newly-created role. 
 
Swiss private banking firm Lombard Odier made two senior appointments to its Asia-Pacific team. Fred Horsey joined as co-chief operating officer and general counsel, while Christophe Morel relocated from Geneva to become with chief risk officer for the Asia-Pacific team on 1 September. The two are based in Hong Kong, reporting to Vincent Duhamel, head of Lombard Odier Asia-Pacific. Both are newly-created roles.
 
The Abu Dhabi Investment Authority named Suresh Sadavisan as its new internal equities head for Asia ex-Japan. Sadavisan was previously the head of Asia-Pacific equities of Legal & General Investment Management. Based in Abu Dhabi, he reports to Mohamed Darwish Al Khoori, executive director of the internal equities division.

North America

Nashville, TN-based Avenue Bank hired Jennifer Shepard as a vice president and private client banker, while it brought in Stuart Hunter to support the new medical and professional private banking unit. Shepard has more than 20 years of banking experience working at Regions Bank. Hunter, meanwhile, joined as a banking assistant from SunTrust, where he has served in a similar role since 2007. 

Calamos Investments, announced the departure of James Boyne, president and chief operating officer, effective September 30.

Greenwich, CT-headquartered investment advisory firm, Cedar Ridge Partners, made three hires within its investment management team. Pascal Roduit joined as director of risk management and he will also be member of the investment committee. He was previously at New York-based fund-of-hedge-funds manager Rock Maple Funds, where he was the chief risk officer and the director of quantitative research. Daniel Keating and Stett Trippe also worked at Rock Maple Funds and joined the portfolio management team and the investment committee.

Chicago, IL-headquartered Ziegler, an investment bank and full-service brokerage firm, appointed Justin Frys as a senior vice president and branch manager of Ziegler’s Minnetonka, MN, office. Frys, with more than 15 years of advisory experience, has worked in the areas of asset management, retirement preparation, investment planning and insurance planning, having held positions at several Wall Street and boutique investment firms. 

Brokerage firm Stifel, Nicolaus & Co added financial advisor Stephen Knudson as a first vice president of investments within the its Billings, MT, private client group.

Knudson spent the last 20 years at Morgan Stanley Smith Barney , where he served clients who had $112 million in assets.

The firm also made two hires in Ohio and Pennsylvania from Robert W Baird and Janney Montgomery Scott. In Conshohocken, PA, Mark Kaskey, W Jason Beard and Robert Cellucci joined the private client group from Janney, while Joshua Weiland joined the Dayton, OH, office from Baird.

New York-listed Heartland Financial USA named Bryan McKeag as its new chief financial officer following the departure of John Schmidt in July. Schmidt left the firm to become CFO at another company outside of the financial services industry.

McKeag starts his new role on September 23, 2013, reporting to Lynn Fuller, Heartland’s chairman, president and chief executive. He will have oversight of all corporate finance, accounting and investment operations of the company.

McKeag most recently served as executive vice president – corporate controller and principal accounting officer for Associated Banc-Corp.

Corning, NY-based Market Street Trust Company, the multi-family office, appointed Christian Girts as director of client service, reporting to Beth Landin, vice president of client and strategic relationships. Girts manages high net worth client relationships for both individual and trust accounts. He works with individual and family group clients on financial and estate planning and advise clients on fiduciary issues. Prior to joining Market Street, Girts was a financial advisor with Wells Fargo Advisors in Scranton, PA.

RBC Wealth Management added Brian Post, senior financial associate, to the Eagle, ID, office, where he joined the King Miller Barrios & Boe Investment Group.

Post is responsible for trading and the management of client portfolios, in addition to being a member of the investment committee. Prior to joining RBC Wealth Management, he was a senior research analyst at Roth Capital Partners in Newport Beach, CA, where he developed and led the firm’s small-cap mining and resources research practice.

San Francisco, CA-headquartered Union Bank hired Melissa Gough as a regional director of its private bank unit. Gough will manage private banking activities across the Central Coast, working with wealth management teams in Montecito and in Santa Barbara, Monterey and Ventura counties. Gough is based in Santa Barbara and reports to senior vice president and Central Coast regional managing director Leo Hamill.

GoldenTree Asset Management appointed Brian Marshall as managing director in the firm’s business development group, based at GoldenTree’s New York headquarters. Prior to joining GoldenTree, Marshall was a managing director in structured credit products at Barclays Capital, a position he held since 2008.

Philadelphia-headquartered Lincoln Financial Group appointed two investment management executives to fill newly-created positions. Andrew Yorks joined as senior vice president, serving as the head of markets and investment strategy, while Scott Pelkola joined as senior vice president and head of fixed income. Both report directly to Ellen Cooper, executive vice president and chief investment officer of the investment management group.

Nashville, TN-based wealth management firm Truxton Trust appointed John Diffendal as vice president and portfolio manager to its wealth management team.

Before joining Truxton, Diffendal was a managing partner and senior securities analyst with BB&T Capital Markets. Prior to this, he was a partner with JC Bradford & Company in Nashville, where he served as director of research.

BBVA Compass named William Helms, who previously led the firm’s wealth management business, as vice chairman of the board of directors. Helms previously oversaw BBVA Compass’ private banking, asset management, international wealth management, broker-dealer activities and registered investment advisors. Jeff Talpas, a member of the bank's management committee who has overseen the retail line of business, leads the newly-combined wealth and retail banking group.

Lewiston, NY-headquartered Princeton Equity Partners, the independent financial services firm, launched an office in Austin, TX. The firm provides financial services including tax-aware investment strategies, investment management, retirement planning strategies and wealth management.

The Denver, CO-based Financial Planning Association appointed Edward Gjertsen as its 2014 president-elect for a one-year term. Gjertsen’s term as president-elect begins on January 1, 2014, succeeding incoming FPA 2014 president Janet Stanzak.

CliftonLarsonAllen Wealth Advisors, a wholly-owned subsidiary of CliftonLarsonAllen, named George Hostal as a senior wealth advisor in Phoenix, AZ.

Hostal has nearly 20 years of experience in the financial services industry and specializes in investments. He began his career at Bank One Trust Company.

New York City-headquartered Cohen & Steers hired Vince Childers to lead the firm’s real assets investment strategies. This was a newly created role. Childers joined from AllianceBernstein, where he co-managed $2.3 billion in real assets investment strategies, including the AllianceBernstein Real Asset Strategy Fund.

A former New Jersey-based Morgan Stanley Wealth Management advisor team – The Rasweiler Group - joined UBS in Florham Park, NJ. The group has $4.8 billion in assets under management and a T-12 production of $10 million. Members include: John Rasweiler, John Cusate, Jack Riley, Micheal Jordao, Jesse Kent and William Burke.

Florida-headquartered FineMark National Bank & Trust added private bankers Christina Lunsford, Terri Caple and Patrick Kellard to its Naples office, according to local media. Lunsford joined FineMark as a relationship banker, having previously worked as a vice president at Gibraltar Private Bank & Trust. She has also been a private banking officer for Northern Trust Bank of Florida, as well as at SunTrust Bank. Caple also joined as a relationship banker. Prior to joining FineMark, Caple was a private banking manager and senior vice president at M&I Bank.

The Private Client Reserve of US Bank appointed Scott Fitzgerald as wealth management advisor in New York, among several other hires. Fitzgerald, with more than 11 years’ financial experience, joined the PCR from HSBC, where he served as a senior relationship manager. He previously held the role of relationship manager at City National Bank, and personal banker - managing affluent client relationships - at JPMorgan Chase.

The firm also hired Ruth Granen as a vice president and personal trust relationship manager in Seattle, WA, while Tina Cain was appointed vice president and trust officer in St Paul, MN, and Christopher Kurimay joined as a wealth management advisor in Chicago, IL. Earlier in the month it appointed Amy Kane as a senior family wealth advisor in Denver, CO, while naming Christopher Turoci as a wealth management advisor in Los Angeles, CA.

BBVA Compass, the Sunbelt-based subsidiary of Spain’s BBVA, hired Mark Chiappara as a senior private banker in its US private wealth management unit.

In his new role, Chiappara will serve ultra high net worth clients and select private institutions in the US. Prior to joining the firm, Chiappara held senior positions at Deutsche Bank, Bank of America, Lehman Brothers and Goldman Sachs.

Dallas, TX-based Tolleson Wealth Management, which serves ultra high net worth families, promoted Philip Durst to chief investment officer. Prior to joining Tolleson, Durst served within the investment management divisions of both INVESCO and John McStay Investment Counsel in Dallas.

The Texas- and Massachusetts-headquartered wealth management solutions company, Placemark Investments, added two new vice presidents to its investment advisory solutions team. Scott Smith and Michelle Barbiere joined the company's development team in furthering the firm’s unified managed account platforms for independent advisors. They will be based in Chicago, IL, and Evergreen, CO, respectively. Smith has 15 years of experience in financial services, having previously served as vice president of sales at Fidelity Institutional Wealth Services, and as relationship manager at Schwab Advisor Services in New York City. Barbiere has 21 years of experience working with RIAs and fund managers, including positions as vice president of business strategy at Merrill Lynch and relationship manager at Schwab Advisor Services.

Scottsdale, AZ-headquartered Gentry Wealth Management hired two wealth advisors, Dave Humphrey and Taiya Thompson, in Las Vegas, NV. Humphrey, with nearly 20 years’ experience working with high net worth families, specializes in retirement planning, wealth preservation, and estate planning. Prior to joining Gentry Wealth Management, Humphrey spent 18 years with Fidelity Investments. During his tenure with Fidelity he worked in Utah, RI, New Hampshire, and Nevada.

Thompson has more than 16 years’ experience in financial services and previously worked within Fidelity’s private client group - as vice president and senior account executive.

Calamos Investments appointed two co-portfolio managers, Jeremy Hughes, and Chris Langs, to its investment team. Hughes and Langs worked together at Aviva Investors overseeing high-yield assets and join Calamos with more than 40 years of combined investment experience.

The Securities and Exchange Commission named Eun Ah Choi as managing executive of the Division of Investment Management. Choi serves as the division’s point person on a range of business, operational and administrative functions. 

She joins from Washington, DC-based law firm Hogan Lovells.

New York-headquartered Fiduciary Trust Company International promoted Carin Leong Pai to executive vice president and director of equity management, while also making two senior hires. Pai has been with the firm since 1996 and now oversees its team of equity portfolio managers while managing client portfolios. Amy Kong joined the firm as managing director and senior portfolio manager of equity management, responsible for managing equity portfolios for individuals, families and institutions.

Kong was previously a senior portfolio manager at US Trust.

Birmingham, AL-based Sterne, Agee & Leach, a privately-owned investment banking and brokerage firm, established a four-strong emerging markets group, based in New York. Mario Rappoport, Harry Wool, Mike Santiago and David Cortes have over 40 years of combined experience in sales and trading of emerging market fixed income products.  

Rappoport, managing director of trading, previously worked at Bear Stearns and Jefferies, responsible for trading and selling EM products – primarily in Latin America and Eastern Europe. Wool, also managing director of trading, launched the EM debt group at Miller Tabak. There, he focused on Latin America, Eastern Europe, the Middle East, African and Asian markets. Santiago, senior vice president of sales, started the EM group at Jefferies. He previously held senior EM sales roles at Wachovia Securities, Prudential Securities and Lehman Brothers. Cortes, senior vice president of sales, worked at various Brazilian institutions such as Banco BTG Pactual and Banco Itau, trading and selling Brazilian EM debt to institutional clients.

Raymond James made David Patchen, a regional director for the firm’s independent broker/dealer, Raymond James Financial Services, senior vice president of education and practice management within the private client group, with effect from September 1. Prior to his regional management role, Patchen was a financial advisor and recruiter for RJFS.

BMO Private Bank hired Julianne Getty as a senior private banker in Chicago, IL. Getty, who has worked in Chicago her entire career, focuses on business development and the relationship management of high net worth clients. She is based in downtown Chicago and joins a team of over 30 BMO Private Bank professionals serving the Greater Chicago Area. BMO Private Bank also appointed Michael Mihm as vice president and senior financial planner in Wisconsin. Based in Milwaukee, Mihm will serve clients throughout southeast Wisconsin. 

Virginia-based Cardinal Bank promoted William Mundy as senior vice president and executive managing director of Cardinal Wealth Services. Mundy joined Cardinal in 2010 as managing director of CWS.

Evercore Wealth Management, a subsidiary of Evercore, appointed Jewelle Bickford as partner and wealth advisor. Bickford based at the firm's headquarters in New York and report to Jeff Maurer, chief executive of Evercore. She joined from GenSpring Family Offices, where she served as a senior strategist.

Janney Montgomery Scott, the Philadelphia, PA-headquartered wealth management and investment banking firm, appointed Peter Price as senior vice president/complex manager of the firm’s Maine and New Hampshire complex. Price, with nearly 30 years of financial services experience, began his career in 1984 as a managing director at Livada Securities.

Market Street Advisors, a technology and services firm which targets the investment management industry, recruited Emil Polito as chairman of its advisory board.

Polito was formerly a senior managing director and partner at American Independence Financial Services, where he was head of the firm’s private wealth management division.

Deutsche Asset & Wealth Management, made a number of senior hires in recent weeks, announced that former senior Credit Suisse executive Felipe Godard will join as a managing director and head of wealth management, Latin America, effective October 1. Godard will be based in Geneva and report to Haig Ariyan and Chip Packard, co-heads of wealth management, Americas, and into the executive management board of the Swiss banking entity, chaired by Marco Bizzozero, CEO, Deutsche Bank Switzerland, and head of wealth management for Europe, the Middle East and Africa. At Credit Suisse, Godard was head of advisory, solutions and investments for the Latin American Private Bank.

New York-listed Envestnet, a provider of wealth management technology and services to financial advisors, added Cynthia Egan to its board of directors.

Egan most recently served as president of retirement plan services at T Rowe Price, having retired in December last year. At T Rowe, Egan was also a member of the Operational Steering Committee; a board member of the T Rowe Price Trust Company; and chair of the T Rowe Price Women’s Roundtable. Egan previously spent 18 years at Fidelity Investments.

BMO Private Bank, part of BMO Financial Group, appointed Michael Mihm as vice president and senior financial planner in Wisconsin. Based in Milwaukee, Mihm serves clients throughout southeast Wisconsin. In other recent hires at the firm, earlier in the year BMO Private Bank added Bill Sperling, Patricia Bostrom and Bill McAleer to its local advisory board in Seattle, WA.

Baird hired four veteran financial advisors within its private wealth management group in Chicago, IL, Baltimore, MD, and Edina, MN, with combined assets under management of $330 million. In Chicago, the Andersen Group has $165 million in AuM and is comprised of Richard Andersen, senior vice president, and Eric Andersen, vice president. Dan Phillips, senior vice president, joins Baird in Edina with $105 million in AuM, while further East in Baltimore John Huynh, vice president, joined with $60 million. The Andersen Group and Phillips are latterly of UBS Financial Services; Huynh is formerly of Morgan Stanley Smith Barney . 

Focus Financial Partners added Grand Rapids, MI-based investment advisor, LaFleur & Godfrey, to its roster of wealth management firms. LaFleur & Godfrey has around $400 million in client assets.

Mercer Island, WA-based wealth management firm Paracle Advisors hired Cherish Sutull as a financial advisor. Cherish has around 15 years of experience in the financial services industry and most recently served as an investment advisor at Harris myCFO, providing investment strategy and advice to ultra high net worth families.

Bank of America Merrill Lynch recruited a new advisory team from Wells Fargo in the shape of Paul Akre and Laurie Tebon. Akre, who joined Wells Fargo in 2003, previously worked at Morgan Stanley for three years and before that at Merrill Lynch for nearly two decades.

In a move to expand the firm’s East coast presence, TD Wealth Private Client Group, the wealth management unit of TD Bank, made three senior appointments to its' private banking offices. Steven C. Truitt and Sherry A. Varrelman were hired as senior vice president and regional wealth leader for the Metro DC region and for the Pennsylvania, Southern New Jersey and Central New Jersey Region respectively, while Michael Iacobucci was promoted to senior vice president and regional wealth leader for Northern New England.

Truitt has 30 years of banking experience. Prior to joining TD Wealth, he served as senior vice president and managing director at SunTrust Private Wealth Management, where he led the Northern Virginia/ Washington, D.C., regional wealth services team.

Varrelman has served in the Wealth Management Group of BNY Mellon as managing director and market president for New Jersey, having previously worked in a similar role at Wachovia. Iacobucci has been promoted from his position as a relationship manager for TD Wealth in the Boston market, having previously worked at SunTrust Private Client Services and Wachovia Wealth Management.

Wedbush Bank, the Los Angeles, CA-based private bank, named V Charles Jackson as chairman and chief executive, responsible for developing new product lines and identifying growth opportunities. Jackson replaced Scott Racusin as CEO and fills an empty position as chairman. Jackson previously served as the West Coast CEO of Boston Private Bank & Trust Company and was an executive director for The Mellon Financial Group – West Coast.

Clearbrook Global Advisors, a privately-held, independent investment management firm, appointed two senior industry professionals, Michael Mahoney and Thomasin Bentley, as the firm continues to expand its business development and marketing team. Mahoney, with more than 30 years’ experience in investment and advisory roles for institutions, pensions, non-profit, foundations and endowments, joined the firm as managing director of business development. Prior to joining Clearbrook, Mahoney was a senior vice president at Pyramis Global Advisors, responsible for business development and client service for Taft-Hartley clients.

Ascent Private Capital Management, US Bank’s ultra high net worth business which caters to clients with at least $50 million in investable assets, made three senior hires in San Francisco, CA. Tom Crotty was named managing director of financial administration. Crotty was previously president of Montgomery Professionals, a San Francisco Bay Area accounting and staffing firm. Stephen Florance was appointed as managing director, investment consulting – a role in which he will help clients create investment portfolios. Florance was a managing director at Hall Capital Partners, responsible for managing portfolios and conducting research across all asset classes. Previously, he worked at BancAmerica Robertson Stephens as a hedge fund accountant. Lastly, Sisi Tran joined as managing director of wealth strategy, charged with advising families on wealth planning matters such as trust and estate planning, tax planning, multi-generational planning, family governance and risk management. 

Tran is latterly of Convergent Wealth Advisors, where she was a director of trust and estate planning in Los Angeles, CA.

Guggenheim Securities, the investment banking unit of New York and Chicago-headquartered Guggenheim Partners, hired veteran insurance analyst Bijan Moazami as a managing director in its Washington, D.C. office. In his new role, Moazami works on the property-casualty insurance sector as part of the firm’s equity research team. Moazami joined Guggenheim from Height Securities in Washington, where he founded the firm’s investment banking practice.

The Hedge Fund Association  appointed wealth consultant Hannah Shaw Grove to its high net worth advisory board. Grove is a founder and executive editor of Private Wealth and the author of 10 books on topics including family offices, hedge funds and wealth management.

Westport Resources of Westport, Conn., hired Eugene Miller as director of family office services, a new role that serves ultra-high-net-worth individuals and families.

Miller joined from Citi Private Bank, where he was director and ultra-high-net-worth private banker.

Michael Hines joined Concord Wealth Management, the Boston agency of the Penn Mutual Life Insurance Company, as a financial advisor, according to Financial Advisor. Hines will provide financial planning and advice to individuals, families and small business owners. He also will support the agency’s recruiting efforts in Massachusetts, Maine and Rhode Island.

Deutsche Asset & Wealth Management announced that Richard Glass has joined as US head of small and mid-cap value equities. In addition, Richard Hanlon and Mary Schafer have joined the firm, reporting to Glass. Glass, Hanlon and Schafer are based in New York. Glass reports to Owen Fitzpatrick, head of equities for the Americas.

Citi Private Bank appointed Blair Ege at its Washington, DC office as director and ultra high net worth private banker. She reports to Barbara McCollum, Mid-Atlantic regional market manager. Ege previously worked at BNY Mellon in Washington, DC, where she spent seven years as a senior director. Prior to BNY Mellon, Ege was a managing director at Babson Capital Management.

Former Morgan Stanley Smith Barney advisor Elaina Spilove, who with colleagues had overseen client assets totalling $2.5 billion, joined UBS, according to media reports. Spilove is based in Princeton, NJ. Spilove had worked at the Graystone Consulting business of Morgan Stanley. She had annual revenue production of $1.2 million at Graystone, a Morgan Stanley division. She joined the UBS Institutional Consulting Group with the title of senior institutional consultant.

Morgan Stanley elected Rayford Wilkins to its board of directors. Prior to joining Morgan Stanley, Wilkins served as chief executive of diversified businesses at AT&T, a position from which he retired in March last year. Before that, Wilkins held a number of senior roles at AT&T and its predecessor company, including group president and CEO of SBC Pacific Bell, and president and CEO of Southwestern Bell Telephone, among others.

Janney Montgomery Scott, the Philadelphia, Pa-headquartered wealth management and investment banking firm, appointed former Morgan Stanley senior manager Vincent Crognale to its Greenville, Del., branch office as first vice president/Wealth Management. Crognale is joined by private client assistant Deborah Carlton. At Morgan Stanley, Crognale worked for 13 years. Prior to that, he worked with Wheat First Butcher Singer from 1995 until 2000.

New York-listed Fifth Third Bank promoted Helene Tolentino to the role of private banker. Prior to her promotion, Tolentino served as a personal banker at Fifth Third Bank, before which she was a financial service assistant at AMSouth Bank.

Further Lane Wealth Management appointed two New York-based advisors, formerly of UBS, to join the firm. The advisors are Stuart Conley and Harvey Spira, both holding the roles of managing directors.