Here is the roundup of the moves and appointments in global wealth management that were reported here during the month of October.

Switzerland

Vontobel hired Jean-Daniel Morandi from UBS as head of private banking for clients in French-speaking Switzerland. Morandi took on the newly-created role having previously worked at UBS where he was responsible for high net worth and ultra-high net worth clients since 2007. He has over 28 years' experience in the banking industry and has built up networks in the French-speaking of Switzerland while working in Geneva's private banking space.

Gottex appointed Laurent Chevallier as senior portfolio manager. Chevallier previously served as co-chief investment officer at Bucephale Investment Management and as head of hedge fund investments and manager selection at Unigestion. He brings more than 16 years' experience in the analysis and management of alternative investment strategies and has managed macro hedge fund strategies, with a large alternative beta component, since 2010.

HSBC Private Bank hired Celine El Debs from UBS as the new head of its alternative investments group in Switzerland. El Debs joined from her position as regional head of sales for UBS's hedge fund solutions unit, in its Global Asset Management business. In that role, she was responsible for business development and client servicing in Romandie, France and the Middle East.

In the newly-created role, she is resposnsible for building a broader multi-segment proposition across hedge funds, private equity and real estate in Switzerland and across continental European booking centres. Based in Geneva, she reports to Henri Ourfali, HSBC Private Bank's country head of investment services and product solutions, Switzerland.

EFG International welcomed Susanne Brandenberger to its board of directors. Brandenberger joined from Vontobel, another Swiss private bank, where she served as managing director, head of risk control and a member of the finance and risk management team since 2004. Previously, she was the group's head of market risk and credit risk. She took on the new role of chair of EFG International's risk committee.

UBS's chief investment officer for Europe and chief economist for wealth management, Andreas Hoefert, died at age 48. "We are deeply saddened by the sudden passing of Andreas Hoefert. As our Wealth Management Chief Economist and Regional CIO Europe, he was a highly respected and well-liked member of our firm and we have extended our deepest sympathies and full support to his wife and family," the Zurich-listed bank said.

Hoefert joined the Swiss banking group in 1999 as a senior economist at Group Economic Research, according to a biography on UBS' website. He relocated to UBS Financial Services, New York, in 2006 and acted as chief global economist and deputy head UBS Wealth Management Research until March 2009. From 2009 until 2012, he led the wealth management research office before focusing more on his role as UBS chief economist and CIO Europe.

Before UBS, Hoefert was as a researcher and economic forecaster at the Swiss Center of Business Cycle Research at the Swiss Federal Institute of Technology in Zurich. During this time, he was also lecturer at ETH Zurich and at the University of Zurich.

BMO Global Asset Management hired Rochus Appert as senior sales director for German speaking Switzerland. Appert joined after a decade with State Street Global Advisers where he was most recently head of intermediary business and SPDR exchange-traded funds in Switzerland since 2008. Based in Zurich, Appert took on the newly-created role to lead the distribution of the firm’s range of products in the German speaking regions of Switzerland. He works alongside Swiss-based sales director Andrea Astone and reports to the head of European wholesale distribution, Georg Kyd-Rebenburg.

Julius Baer hired Jérôme Benathan from Swisscanto Asset Management as head of fixed income mandates and funds – a newly-created position. Benathan, who brought 20 years of experience in the financial sector, spent the last eight years as senior portfolio manager and head of credit at Swisscanto Asset Management. He was previosuly senior high yield credit analyst at Man Group in the leveraged finance department. Based in Zurich, he reports to Julius Baer’s head of global portfolio management, Daniel Kerbach.

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UK
Royal Bank of Canada appointed Michael Kay as its managing director, office of the deputy chair UHNW, taking the helm from Michael Moodie, who retired from the Toronto-listed bank after a 30-year career there. In this London-based role, Kay works with RBC’s international ultra high net worth clients and prospects and reports to Wayne Bossert, deputy chairman and head of UHNW in Toronto, and has a local reporting line to Tony Johnson, head of sales and relationship management and vice chairman, RBC Wealth Management – International. Kay, who has worked for 10 years at the bank, has held senior roles there, including head of credit solutions in its international wealth business and most recently, head of credit solutions, UHNW.  

Barclays appointed former JP Morgan senior manager James Staley as its new chief executive, filling the vacancy left after Barclays forced out Antony Jenkins earlier this year amid demands for faster change. Staley has nearly four decades of experience in banking and financial services. He worked for over 30 years at JP Morgan, initially training as a commercial banker, and later moving into leadership roles of businesses such as private banking and asset management, and ultimately, leading its investment bank. Staley is currently managing partner of BlueMountain Capital.

Aberdeen Asset Management's distribution head, John Brett, stepped down from his role after four years. Before assuming the role in November 2011, Brett worked at Scottish Widows Investment Partnership, where he was sales and marketing director. SWIP was subsequently taken over by Aberdeen. Brett will stay on with Aberdeen as non-executive director within its life and pensions business. The company's chief operating officer, distribution, Avril McLean, coordinates global distribution activity for an interim period.

Hargreaves Lansdown appointed Jayne Styles as an independent non-executive director and chair of its investment committee. She took over from Stuart Louden. Styles brings over 25 years' investment experience and has been chief investment officer at Amlin since 2002, where she directs strategy, governance and operations for their £4.25 billion ($6.53 billion) global multi-asset, multi-manager portfolios. She is also a member of the Amlin management committee.

Lombard Odier named Duncan MacIntyre as its new chief executive for private client business in the UK, taking over the reins from Dominic Tremlett who has held the role for the past three years. In his new role, Tremlett will remain focused on further developing Lombard Odier's private client franchise. MacIntyre previously worked at Coutts, the private bank.

KPMG, the global accountancy and professional services firm, appointed former Salamanca Group private office head Catherine Grum to lead its family office team, a newly-created position. Grum will drive the development of a dedicated family office service, working with the firm’s family business and private client advisory teams.

The UK Financial Conduct Authority's ex-director of supervision, Clive Adamson, joined the board of Ashmore Group. Adamson also joined the boards of Prudential and JP Morgan International Bank earlier this year.

Kames Capital's head of North American equities, Marcus Chandler, left the business after three years. Chandler was manager of the £425 million ($655 million) Kames Global Equity Income fund, which has returned 3.1 per cent year-to-date compared to a sector average of 0.2 per cent, according to Trustnet. The fund will now be run by Douglas Scott, an investment manager in Kames' UK equities team, alongside existing co-manager Mark Peden.

Seven Investment Management hired Colin Mackenzie and Guy Christie within its private client team. Mackenzie was previously executive director and head of tailored portfolio services at Coutts & Co, where he was responsible for discretionary portfolio management services to key clients. He brings over 30 years of private client experience, including roles at Merrill Lynch and Credit Suisse. Meanwhile, Christie joined from Asset Risk Consultants, where he was managing director and founder of the London office. He has over 20 years of private client experience, having formerly served as the head of Schroders' international private client team.

Broadridge Financial Solutions added three senior executives to its London office.

Kimberly Jewell was appointed managing director of global accounts and supports Broadridge’s tier-one clients headquartered in Europe, the Middle East and Africa. She joined from SunGard, having previously spent almost a decade in executive client-facing roles at firms including JPMorgan Chase, Fidelity Investments and Banc of America Securities.

Mike Thrower, who brings 20 years' financial markets experience, joined as Broadridge’s head of sales for EMEA. He heads up a team responsible for driving relationships with clients across capital markets, wealth and asset management segments, and for corporations. Thrower was previously global head of sales and account management at Wall Street Systems, a provider of treasury, foreign exchange trade-processing and cross asset back-office services. Finally, Peter Morris was appointed head of revenue and expense management services for the firm's global capital markets segment, and as general manager for revenue and expense management services in EMEA. He brings 30 years’ experience as an operations and technology executive, and has overseen international operations for Nomura Securities, Banc of America Securities, Lehman Brothers, Commerzbank and Cantor Fitzgerald.

Tilney Bestinvest hired Harry Morgan as director of key clients in Scotland. Morgan joined from Anderson Strathern Asset Management where he was chief investment officer. He previously served as head of investment management at Adam & Company, and head of private investment management at Newton in Scotland. In the newly-created role, he reports to Tilney Bestinvest's managing director of Scotland, Paul Frame.

Prudential's chief executive for UK and Europe, Jackie Hunt, stepped down after two years. Hunt headed up Prudential UK & Europe since September 2013, and took on responsibility for Africa early last year. She was previously chief financial officer at Standard Life.

Weatherbys Private Bank appointed Nicola Gifford as head of marketing. Gifford joined from Halcyon Fine Art where she was marketing director since 2009. In the newly-created role, Gifford is responsible for all aspects of brand, marketing, communication, and corporate partnerships across the bank. Based in London, she reports to Weatherbys' chief executive, Roger Weatherby, who heads up the bank alongside his brother Johnny, the chairman.

The bank also hired hired Andrew Toll from Barclays as a wealth planner. Toll joined from his position as a wealth planner at Barclays Private Bank where he gave wealth structuring advice on tax efficient investing, succession planning and financial protection. Based in London, he replaces David Durrant.

Lincoln Private Investment Office hired Ben Stern and Stephen Kattou from Barclays Wealth. Stern and Kattou joined the London team as partner and advisor respectively. Stern was previously senior director at Barclays Wealth. He was also a member of Barclays' UK investment committee, having spent the early part of his career in the bank's wealth advisory business focusing on inter-generational planning.

Kattou joined from his position as private banker at Barclays Wealth where he was responsible for a high net worth client base in the UK.

RFR, the property family office, appointed William Drake, a familiar figure in the wealth management space, as a senior advisor. Drake advises RFR’s board on management and strategy as well as playing an active role in further developing the firm’s reputation within the wider private wealth management world.

In 2000, Drake co-founded Lord North Street, the private family office, and last year that organisation merged with Sandaire, of which he is now vice chairman, creating one of the largest multi-family office businesses in the UK and Europe. Drake is also a member of this publication’s editorial advisory board and has been a judge for its European wealth management awards. RFR was founded by Richard Rogerson, a former partner at Macfarlanes, and Sophie Rogerson, a former City lawyer.

Schroders hired Esther Nass-Fetzmann from BlackRock within its multi-asset investments and portfolio solutions team. Nass-Fetzmann joined after a decade with BlackRock, where she was most recently director, head of UK iShares ETF sales to asset managers and hedge funds. In the newly-created role at Schroders, she focuses on the team's strategy for Europe. Based in London, she reports to Henriette Bergh, head of UK and Europe product and manager solutions for Schroders' MAPS business.

C Hoare & Co appointed Rob Jeffree as its new chief investment officer. Jeffree, who joined the bank in 2009 to head up its research function and lead third party funds, succeeded David Cavaye. He was most recently head of fund selection. Cavaye, who was with the bank since 2000, moved back to Edinburgh.

Tages Capital, which has offices in London and Milan, hired Jamie Kermisch as chief executive. Kermisch was most recently chief executive of Mariana Investment Partners, having previously served as group managing director at Fauchier Partners, an institutional fund of hedge funds asset manager. Prior to that, he spent a decade as managing director at Morgan Stanley. He replaced Sergio Ascolani, a founding partner of the firm who remained involved with matters relating to Tages Holding.

IRESS appointed Paul Glendennan and Simon Gully as key account managers, and John Orrett and Scott Newman as regional account managers in the UK.

Glendennan was most recently global account director at AXA. Gully joined from Quilter Cheviot, where he was associate director. Orrett, who brought over 30 years’ industry experience, joining from Friends Life, where he was sales development consultant. Newman moved across from IRESS’s The Exchange, where he was account manager. Orrett and Newman are responsible for supporting the company's Adviser Office and XPLAN clients based in the North West and South East respectively.

Kames Capital hired Juan Valenzuela from Alliance Trust and Timothée Pubellier from UBP within its fixed income team. Valenzuela, previously an investment manager on the Alliance Trust Dynamic Bond Fund, was appointed fixed income manager. Before Alliance Trust, he worked at Scottish Widows Investment Partnership where he was investment director on the SWIP Absolute Return Bond Fund. Pubellier joined from his position as portfolio manager at UBP where he was responsible for risk, portfolio monitoring and FX hedging.

Fintech company Novastone appointed Curt Hopkins as chief operating officer ahead of the launch of its mobile messaging platform later this autumn. Hopkins' previous roles include chief executive of Telenomics, chief executive of Redeem, UK managing director of Vodafone Business Services, and founding financial officer of emerging market telecommunications start-up Nursat.

Charles Stanley appointed Mark Pittaccio as head of intermediary distribution. In the newly-created role, Pittaccio leads the firm’s distribution strategy to the intermediary market. Pittaccio joined from IN Partnership, where he was group investment director responsible for the delivery of the network’s investment strategy, client proposition and business transition programme to more than 300 advisory businesses.

EQ Investors appointed Sally Collins to manage its simplified advice service. As head of its new Simply EQ proposition, which offers online and telephone-based investment and pension advice, she leadsa team of advisors. Joining Collins on the Simply EQ team as investment advisors was Freddie Cleworth, previously an associate at Bestinvest, and Nicola Allen, who has been promoted internally. The team will be supported by EQ’s ten investment managers and research analysts.

The UK's Investment Association appointed Guy Sears, its director of risk, compliance and legal, as interim chief executive following the departure of Daniel Godfrey.Godfrey had been chief executive of the association for three years and resigned after it was revealed key investment groups, including Schroders and M&G Investments, will be leaving the trade body, which has 200 members who manage more than £5.5 trillion ($8.4 trillion) of assets. Sears took the helm until the IA finds a more permanent replacement for Godfrey.

Deutsche boosted its UK equity capabilities with the hires of Hilary Aldridge from Barclays and Alex Sloane from Société Générale. Aldridge joined from Barclays Global Investments Solutions where she was most recently a fund-of-fund manager. Sloane was an equities analyst specialising in food producers at Société Générale in London.

In their newly-created roles within the European equities team, Aldridge and Sloane are responsible for providing UK-specific analysis. They are based in London.

Brown Shipley hired Don Smith as deputy chief investment officer and Paul Spann as private client director. Smith took on the newly created role as part of Brown Shipley’s third party funds team in London. Based in Manchester, he reports to Brown Shipley's chief investment officer, Kevin Doran. Smith was chief economist at ICAP between 2000-2014 where he established the economics and market analysis function.

Schroders' co-head of pan-European small companies, Rosemary Banyard, left the company after 17 years to “pursue new opportunities”. Banyard, who headed up the pan-European small companies strategy at Schroders alongside Andy Brough, also ran the £168 million ($255 million) Schroder UK Mid Cap Fund. She continued in her role as fund manager and co-head of the team until 31 March 2016. Following her departure, Brough became sole head of the pan-European small and mid cap team and lead manager on the Schroder UK Mid Cap Fund.

Meanwhile, Jean Roche was appointed fund manager within the pan-European small and mid cap team. She was scheduled to join in January 2016 from Hargreave Hale where she was most recently fund manager and analyst on the Marlborough Multi Cap Income Fund.

Vistra UK hired Barry Gowdy from RBC Wealth Management as a director. Gowdy joined the London office from RBC Wealth Management where he was responsible for the firm's UK property trust clients.

Eastspring Investments appointed Stephanie Wenzel as client services manager in London. Previously at Pimco, Wenzel was responsible for investor services and SICAV platform operations.

ETF Securities hired James Butterfill from Coutts as head of research and investment strategy. Butterfill joined from Coutts where he was a multi-asset fund manager and global equity strategist, responsible for a discretionary fund of funds comprising £8.8 billion ($13.4 billion) of assets under management. Before this, he worked at HSBC.

In the newly-created role, Butterfill leads the strategic direction of the global research team, ensuring clients receive up-to-date, expert insight into global macroeconomic and asset-class specific developments.

The UK's AFH Financial Group appointed Alexis James and Austin Broad as executive directors on its board. James, who joined AFH over nine years ago, is currently group head of risk. Broad is currently head of advice and has been with the company for eight years.

Chicago-headquartered McDermott Will & Emery appointed Charles (Chuck) Lubar as senior counsel within its London private client group. Lubar, formerly of the chief counsel’s office of the US' Internal Revenue Service, has extensive experience in handling international tax and estate structuring and planning for individuals and their assets, as well as corporate and individual tax planning for international investments and cross-border family business matters. He has particular experience in advising clients in the film, recording and publishing industries.

Hargreave Hale hired Gareth Evans and Matt Cyphus from Brewin Dolphin as investment managers within its Worcester office. Evans was previously assistant director at Brewin Dolphin where he led advisory and discretionary portfolios for nine years. Cyphus joined after more than eight years at Brewin Dolphin where he was also assistant director, managing advisory and discretionary portfolios for private clients, trusts, charities and pension funds.

Distribution Technology, a provider of risk profiling and financial planning technology and services, made three appointments from Bankhall. Jason Dewar and Ian Clarke, previously part of Bankhall’s research department, joined Distribution Technology’s asset and risk modelling team as senior consultant, financial analytics, and senior quantitative analyst, respectively. Meanwhile, Pam Brunt joined the Reading-based IFA Account Management team as senior account manager. She was previously regional development manager at Bankhall. The team is led by James Smith, who recently joined from AXA Elevate.

Smith & Williamson appointed Ian Kenny as its new head of fixed interest. He joined the firm in 1997.

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European moves, international
Probably the biggest change in October took place at Deutsche Bank. Michele Faissola, head of Deutsche Asset & Wealth Management, left the bank after a transition period.

The German bank made the following changes, involving a restructuring to its business lines:

he group executive committee was abolished, along with ten of the previous 16 management board committees.

Jeff Urwin, co-head of CB&S together with Colin Fan, joined the management board. Urwin is responsible for Corporate & Investment Banking. As a result of this reorganization, Stefan Krause, a long-term management board member with responsibility for GTB and the non-core operations unit, left the board.

Werner Steinmüller remained head of GTB, reporting to Urwin.

Colin Fan, co-head of CB&S, left the firm and was succeeded by Garth Ritchie who is responsible for global markets on the management board at the start of January.

Quintin Price, most recently global executive committee member and head of Alpha strategies at BlackRock, took on management board responsibility for Deutsche Asset Management. Michele Faissola, head of Deutsche Asset & Wealth Management, left the bank after a transition period.

Christian Sewing, head of private & business clients, also assumed responsibility for high net worth clients on the management board. Fabrizio Campelli, head of group strategy, runs this business and reports to Sewing.

Stephan Leithner asked to resign from the management board because he wanted a new role in the private equity industry. Leithner was CEO Europe and is responsible for human resources, government and regulatory affair, and anti-financial crime on the management board.

Krause and Leithner´s management board responsibilities was divided as follows:

Sylvie Matherat, head of government and regulatory affairs at Deutsche Bank and a former member of the board of directors of Banque de France, became chief regulatory officer and assume management board responsibilty for regulation, compliance and anti-financial crime. The senior group director Nadine Faruque, who is global head of compliance, reports to Matherat.

Karl von Rohr, currently chief operating officer for global regional management,  became chief administrative officer and assume management board responsibility for corporate governance, human resources, and legal. In his new position, he also became labour relations director of Deutsche Bank. Legal was represented on the management board by co-chief executive John Cryan.

Cryan assumed management board responsibility for the NCOU. Separately, Kim Hammonds, currently global chief information officer and co-head of group technology and operations at Deutsche Bank and formerly chief information officer of Boeing, become chief operating officer.

Hammonds started her role as senior group director at the beginning of next year. She is expected to join the management board in no later than one year.

Allianz Global Investors' chief executive, Elizabeth Corley, stepped down from her role and passed the reins to the firm's global chief investment officer, Andreas Utermann. Following Corley's departure from the role at the beginning of March 2016, Utermann is due to be joined by George McKay, the firm's current global chief operating officer, as co-head of AllianzGI. McKay, who previously served as head of Europe, will be responsible for global distribution, global solutions, corporate marketing and COO functions. Meanwhile, Utermann retained his responsibilities as global CIO.

Corley led the firm since 2005/ He took on the newly-created role of vice chair at Allianz GI.

AES International hired husband and wife duo Stuart and Lisa Ritchie as advisors within its Dubai office. Lisa Ritchie joined from UK-based Adam & Company, where she was most recently a private banker. Before this, she was branch manager at RBS. Meanwhile, Stuart Ritchie joined from Anderson Anderson & Brown Wealth in the UK where he was a financial planner. He also previously worked at Adam & Company and RBS. The roles were newly created.

Banque Internationale à Luxembourg appointed a new head of wealth management, Hans-Peter Borgh. He joined BIL’s management board and took over from Adrian Leuenberger, who held the position since May 2013. Leuenberger’s future plans were not disclosed.

Before joining BIL, Borgh, a Dutch national, was chief commercial officer for private banking Asia & Middle East at ABN AMRO. Before that, he was regional head of affluent banking Asia-Pacific at ANZ. He started his career at ABN AMRO in 1997 where he held different positions in retail and private banking in Europe mainly, including Switzerland.

KPMG, the global accountancy and professional services firm, appointed former Salamanca Group private office head Catherine Grum to lead its family office team, a newly-created position. Prior to Salamanca Group, Grum headed wealth advisory (EMEA) for Barclays Wealth & Investment Management.

Brazil-headquartered BTG Pactual, which agreed to buy Swiss private banking group BSI last year, appointed Guillermo Ortiz as a partner, board member and chairman of its business in Mexico. Dr Ortiz’s roles have included those of governor of the Bank of Mexico, chairman of the board of directors of the Bank for International Settlements and chairman of the board of Grupo Financiero Banorte. He has also served as the Republic of Mexico’s secretary of finance and public credit, secretary of communications and transport, and as the country’s representative to the International Monetary Fund.

Union Bancaire Privée named a new country head for the United Arab Emirates, taking over from David Rice, who has resigned from the post. Mohamed Abdellatif was appointed to the role, taking up the position of senior executive officer of Union Bancaire Privée (Middle East), a DIFC subsidiary. He works from the Dubai office and has 15 years’ experience in the investment and wealth management fields, including work at HSBC, Bank Sarasin and Mashreq Bank, and most recently with UBP as a private banking team head focusing on Gulf markets.

Amundi appointed Franck du Plessix as chief executive of IKS KB, its subsidiary in Czech Republic. Du Plessix, who joined Amundi in 2010, replaces Albert Reculeau, who retired. Du Plessix previously served as Amundi's head of structured products sales, and has created partnerships with international distribution networks while at the group. Prior to Amundi, he was head of sales for structured asset management at Societe Generale Asset Management's alternative investments arm.

Ogier appointed commercial litigation barrister Brian Lacy as partner within its British Virgin Islands team. Lacy brought particular experience in civil fraud, insolvency and trust disputes. He has been involved in many significant cases in the British Virgin Islands in recent years and regularly appears in court.

Brendan MacKinney, chief operating officer for Standard Chartered’s private bank in the UK and Jersey, is leaving the firm at the end of 2015. MacKinney had held the post since May 2013 and had held various senior roles at Standard Chartered from January 2011. From 2008 to 2010 he was a managing director at JP Morgan, holding a variety of roles; from May 2005 to May 2008, he was a managing director at Bear Stearns.

Amundi hired Gottfried Hoerich from JP Morgan as chief executive of its German branch. Based in Frankfurt, Hoerich replaced Hubert Daenner, who left Amundi at the end of July. He joined after a decade with JP Morgan Asset Management, where he was head of institutional clients, Germany and Austria.

Edmond de Rothschild Asset Management made a splash of appointments in Europe.  It hired Agnès Belaisch as head of the sovereign debt team. She reports to Benjamin Melman. Belaisch previously led economic and market analysis at the European Stability Mechanism, the eurozone’s Luxembourg-based bailout fund.

Laurent Le Grin, previously a convertible bond manager in Paris, also joined the London team as head of convertible bonds in the corporate debt team run by Kris Deblander. Alina Epifantseva and Thibaut Bailly also been appointed to Le Grin’s London team as fund manager/analysts to help expand the company's convertible bond expertise in the UK.

Also joining the UK team were Daniel Lee from Allianz Global Investors, where he was sales director. As director of sales distribution, he reports to Charles Goodman, chief executive of Edmond de Rothschild Asset Management UK.
In Frankfurt, Sascha Pilz was appointed executive director of German and Austrian institutional clients. In Switzerland, Mélanie Böttcher-Hackl and Samantha Phillips joined the sales team. In Italy, Elena Bossola, previously in charge of fund buying, was appointed head of third party distribution.

Lastly, Benjamine Nicklaus, a portfolio manager and analyst with more than a decade's industry experience, was hired to meet demand for financial debt investments and research, and Nan Zhang, a fund manager and analyst, joined the international equity team. Both are based in Paris.

Tages Capital, with offices in London and Milan, hired Jamie Kermisch as chief executive. Kermisch was most recently chief executive of Mariana Investment Partners, having previously served as group managing director at Fauchier Partners, an institutional fund of hedge funds asset manager. Prior to that, he spent a decade as managing director at Morgan Stanley.He replaced Sergio Ascolani, a founding partner of the firm who remained involved with matters relating to Tages Holding.

Deutsche Asset & Wealth Management appointed Stefan Kreuzkamp as its new chief investment officer – head of investment management. In his role as Deutsche AWM's chief investment officer for Europe, Middle East and Africa, Kreuzkamp oversees equities, fixed income and multi asset. He succeeded CIO Asoka Wöhrmann, who was appointed head of retail banking at the bank’s private and business clients division. Kreuzkamp has been with the bank since 1998.

Societe Generale appointed a new chief country officer and chief executive for Saudi Arabia, naming Antoine Toussaint for the role. Based in Riyadh, Toussaint reports to Richad Soundardjee, Societe Generale’s CEO in the Middle East. The previous registered CEO of SG SAR was Gerard de La Rivière.

Standard Chartered Bank appointed Ian Gibson as regional head, private banking, Africa, Middle East and Europe. Rajesh Malkani, regional head, private banking for Africa, MENAP and South Asia at the firm left the bank. Gibson is taking on a substantial part of Malkani’s former role. Gibson with has more than 20 years of banking experience from a variety of roles at Africa-headquartered Standard Bank.

From 2008-2013, he was global head of its private clients business where he built a high net worth (HNW) business and established a presence in countries such as Kenya and Nigeria, Standard Chartered said. Prior to this, Gibson was chief executive of Standard Bank’s offshore group, and also served as chief operating officer and finance director. Based in London, he reports to Michael Benz, global head, private banking.

Barclays Africa Group appointed Nomkhita Nqweni as its new chief executive of wealth, investment management and insurance. Nqweni, who replaced Willie Lategan, was Barclays Africa's chief executive of wealth and investment management. She joined Barclays Africa in 2010 and has been a member of its executive committee since 2013. She was previously managing director of Alexander Forbes Financial Services in Africa.

Jersey-headquartered Bedell Trust made a flurry of appointments including in its private wealth management team. Prapa Pearce, a fellow of the Association of Chartered Certified Accountants and a member of the Chartered Institute of Taxation, joined the private wealth management team as trust director. She has almost 20 years' experience in international financial services. Tim Trott, who joined Bedell in 2011, was promoted to associate director in the London office and Amy Collins, who joined in January this year from Grant Thornton, was promoted to associate director with Bedell Family Office.

Other promotions included those of Emma Seal, Samantha Guy and Alice Gouyet from the firm's private wealth team, who are now senior trust officers in Jersey alongside Tara Dufty in London. Meanwhile, Emma Le Boutillier was appointed senior fund administrator. Jersey-based Kristy Nicolle, Jenna Murphy and Catherine Bell were promoted to new fund administration roles, while Gemma Esterson took on the role of trust officer.

Asia-Pacific
Credit Suisse’s private bank promoted David Louise to the status of market leader for the Hong Kong market. Louise was previously one of the Hong Kong market team leaders at Credit Suisse Private Banking Greater China, and was recently promoted to his latest position.

Citigroup appointed a former senior economist at Standard Chartered, Samiran Chakraborty, as its new chief economist for India. Chakraborty has more than a decade of experience in conducting macro research, covering various asset classes including currency, interest rates and credit markets.

At Standard Chartered, Chakraborty was head of macro research for South Asia. He has also held prior roles with ICICI Bank as chief economist, and with Delhi School of Economics in the faculty for mathematical economics and open-economy macroeconomics.

Kher Sheng Lee joined the Alternative Investment Management Association (AIMA) in its Singapore office. Lee joined from Azentus Capital, where he held the position of general counsel. He took up the position of AIMA’s managing director, global deputy head of government affairs and head of APAC government affairs. Lee founded and chaired the peer-to-peer buyside networking group The Asian Hedge Fund Legal and Regulatory Group (also known as AsianHedgeLaw).

Rothschild Wealth Management, the firm that is part of the UK arm of the Rothschild banking dynasty, appointed industry veteran Audrey Zau as head of its North Asia business, based out of Hong Kong. The previous head of wealth management in Hong Kong was Alois Muller, who left to pursue other opportunities. Zau reports to Richard Martin, chief operating officer of Rothschild’s wealth management and trust business. Zau has worked in the Hong Kong private banking industry for more than 20 years. Most recently she was head of wealth management for North Asia at BHI Investment Advisors, having previously spent 15 years as a senior director at HSBC.

The head of Hong Kong Advisory at Crédit Agricole (Suisse) left the bank.  The departing manager was Dong Sinh Ngo; he has served in that role since March 2013. Previously, he was chief strategist for emerging markets at BNP Paribas, the French bank.

Nomura appointed Coutts' Johnny Heng as chief investment officer, wealth management for Asia excluding Japan. At Coutts, Heng was managing director and head of investment services, Asia. He was previously head of investment consulting at Credit Suisse’s private bank and a member of the management investment committee at the Government of Singapore Investment Corporation (GIC), serving as global head of equities trading and head of quantitative equities.

In the newly-created role, he leads the investment advisory and portfolio management teams within Nomura's wealth management arm, working alongside the product team to enhance the group's global investment platform across asset classes. Based in Singapore, he reports to Nobuhiro Sano, Nomura's head of wealth management, Asia ex-Japan.

Westpac hired Sneha Sanghvi as its new head of financial markets for Asia. Sanghvi joined from Unilever where she was finance director, global commodities and chemicals, leading a team responsible for the risk management of Unilever's global commodities portfolio. She previously held senior positions at Morgan Stanley and HSBC in fixed income sales, structuring and trading areas covering Asian markets. She is based in Singapore and reports to Balaji Swaminathan, general manager of Westpac International in Singapore, and Michael Correa, head of corporate and international origination and distribution in Sydney.

The chief executive of private bank Pictet in Singapore left the firm. Anuj Khanna, CEO of Bank Pictet & Cie (Asia), the Pictet Group's bank in Singapore, decided to leave Pictet. Claude Haberer, CEO of Pictet Wealth Management in Asia and equity partner of the Pictet Group, took over Khanna's responsibilities on an interim basis.

BOC Hong Kong added two non-executive directors to its board. The appointees were Ren Deqi, who is chairman of the bank’s strategy and budget committee and member of the risk committee, and Xu Luode, member of the remuneration and budget committees.

A senior manager for Credit Suisse in Asia, Peter So, joined UBS Wealth Management in Hong Kong. So reports to Jean-Claude Humaire. He replaced Linda Kwo in the role at UBS. In his new role, So is country team head in Hong Kong.

Manulife Asset Management created the new roles of chief marketing officer for wealth and asset management for Asia and chief financial officer for the same business segment. Grace Ho took up the chief marketing officer role and Frederick Reidenbach became CFO. Prior to joining Manulife Asset Management, Ho was the head of marketing, Asia-Pacific, for Schroders in Hong Kong. Previously, she held various key marketing management positions with leading financial institutions in Asia.

Reidenbach is an industry veteran with 32 years of professional experience. He previously spent 10 years with Nikko Asset Management in Japan where he was CFO and chief operating officer, Japan. Prior to this, he held several senior roles with Fidelity Worldwide Investments in Japan.

Citigroup appointed George Hindmarsh as its new Asia-Pacific head of intermediaries client coverage, based in Singapore. Hindmarsh is responsible for the origination and relationship management across banks, broker-dealers, global custodians and other intermediaries such as fund managers for Citi’s direct custody and clearing business in the region. He replaced Philippe Dirckx, who has left the post. Hindmarsh joined form Northern Trust, where he was head of Asia-Pacific business development.

Australia-headquartered AMP Capital named Nick Cobham as manager of the AMP Capital Property New Zealand portfolio. The portfolio holds assets worth more than NZ$1 billion ($669 million). Cobham replaced Stephen Costley who left the business in June this year. Conor Collier has been looking after the fund on an acting basis. Previously, Cobham was joint general manager of Property for Industry, a listed specialised industrial property investment company.

Citigroup appointed C R Sambamurthy as the first global head for its international personal bank (IPB) business, representing its wealth management business. He is based in Singapore. With a career spanning 27 years, Sambamurthy has extensive experience in the industry having managed complex and multi-jurisdictional businesses across Asia and Europe. Prior to his latest appointment, he was the business manager of IPB Singapore, a role which he had held since 2009. In his new role Sambamurthy will report to Anand Selvakesari, head of consumer banking for Asia-Pacific, and Gonzalo Luchetti, global head of wealth management and Asia head of retail bank.

Man Group, the listed hedge fund business, appointed one of its senior managers, Hersh Gandhi, as managing director, Asia-Pacific (ex-Japan). He leads the firm’s retail and institutional client businesses across the region, encompassing Man Group’s four investment managers, Man AHL, Man FRM, Man GLG and Man Numeric. Gandhi joined Man Group in 2004 and has held a number of roles there, most recently as its head of client business in Australia. Previouisly, Gandhi worked at Clifford Chance in London.

Global property consultancy firm Knight Frank appointed Piers Brunner as the new chief executive for Greater China, based in Hong Kong. Brunner took over from Colin Fitzgerald who relocated to London after spending 12 years in Hong Kong. Fitzgerald is responsible for managing the firm’s relationship with its US alliance partner, Newmark Grubb Knight Frank. Prior to joining Knight Frank, Brunner worked for Colliers for 20 years.

A senior Asia-based figure at Bank J Safra Sarasin, the Brazil-owned Swiss private bank, left the firm for personal reasons. The departing figure was Michael Low, a Singapore-based director who has led Sarasin Trust Company (Singapore) as head of trust and fiduciary services for Asia. This business was launched in 2011.

EFG Bank Singapore, part of Swiss-listed EFG International, hired a senior team from DBS including Cem Azak as senior managing director, international markets. Azak was most recently executive director, team leads covering Europe, Middle East and Africa at DBS Private Bank, Singapore. He brings 11 years of investment banking and wealth management experience having spent nine years with Barclays, located in London, Zurich and Frankfurt.

AXA Investment Managers hired Tom Clapham as head of sovereign wealth funds and central banks in Asia. Clapham joined the Hong Kong team from Macquarie Securities Group where he was institutional sales director. In the newly-created role, he reports to Terence Lam, AXA IM's head of sales and marketing in Asia, and Pierre De Bonneville, head of sovereign and supranational entities.

He has more than 15 years’ industry experience in Asia having previously served as head of transition management and global portfolio trading at Deutsche Bank in Hong Kong and as investment consultant for Mercer and Towers Perrin in Sydney, London and Singapore.

Hawksford made three senior appointments within its Asia business, including the relocation of group chief operations officer Steve Spybey. Spybey moved from the Jersey office to Singapore to support further growth within Hawksford’s Asian business and to consolidate integration across the company’s international offices. Alan Ang and Emma Green also joined Hawksford’s Singapore office as business development manager and trust manager respectively. Ang joined from Boardroom and brought 12 years’ experience in professional sales and business development. Green held trust roles in Jersey and Switzerland before moving to Singapore in 2013. She has 10 years’ private client experience, including positions at Asiaciti Trust and Barclays.

Zurich Insurance appointed Paula Choi as global life chief market management officer of Asia-Pacific (APAC). In addition to her new role, Choi retained her position as global life CEO of Zurich in Hong Kong. Having previously worked at the regional level as chief operations officer, Choi was involved in regional initiatives including establishing Zurich Insurance Malaysia Berhad and Zurich Indonesia Life Company. Choi took over from Walter Jopp, who is still with Zurich and is the head of market management, Middle East and Africa

Bedell Trust hired Robert Ayliffe as managing director of Asia following its acquisition of a majority stake in Singapore Trust Company. Ayliffe has been based in Singapore for the past two years, responsible for business development as managing director at Capita Asset Services. He previously spent over 15 years with PricewaterhouseCoopers specialising in financial services and working in Jersey, Kuala Lumpur and London.

European investment heavyweight Amundi appointed Anthony Ho as chief investment officer for the Asia ex-Japan equities beat and as deputy chief executive for Amundi Hong Kong.

In his role, Ho reports to Xiaofeng Zhong, CEO at Amundi Hong Kong and Romain Boscher, the global head of equities. Ho is a 22-year veteran in the asset management industry, joining Amundi from CIFM (Hong Kong), holding the CEO role from 2014. Prior to that position, he was managing director at JP Morgan Asset Management (Hong Kong), a role he had from 2012. From 2009 to 2012, he was deputy CEO at China Asset Management (Hong Kong). Previously, Anthony spent 16 years with Fidelity Worldwide Investment.

Manulife Asset Management appointed Jim Chang as chief executive, Taiwan, and welcomed back Karen Chang as chief investment officer, Taiwan. Mr Chang, who replaced Thomas Cheong, brought over 25 years of experience in the asset management industry with a focus on the Taiwan and Greater China asset management landscapes. He has held senior management positions with global financial services providers in Taiwan and is actively involved with the Securities Investment Trust & Consulting Association, an industry body that facilitates communication between industry players and regulators in Taiwan. Ms Chang, who has more than 20 years of asset management industry experience, previously served as Manulife AM's head of Taiwan equity investment from 2009 to 2014. She took over from Andrew Wang, who served as CIO for Manulife AM (Taiwan) from 2008 to 2015. Shirley Lam, head of affiliate wealth for Manulife Asset Management (Asia) said Wang moves on to another “strategically important position in Manulife Asset Management’s Asia franchise” and the firm will reveal further details of his new role in due course.

Australia and New Zealand Banking Group announced that Shayne Elliott, the lender’s chief financial officer, was the new chief executive, taking over from Mike Smith, who steps down in January 2016. Originally from New Zealand, Elliott has more than 30 years’ experience in international banking including in Australia, New Zealand, Asia Pacific and the Middle East. He joined ANZ as CEO institutional in June 2009. Smith steps down after eight years as CEO and as a director on 31 December.

BOC Hong Kong (Holdings) appointed Zhong Xiangqun as chief operating officer. Zhong was also appointed director of BOC Credit Card (International). Previously, Zhong served as general manager of the e-finance department of Bank of China in charge of the development of e-finance business, covering mobile payment, e-business, e-financing and big data application, and other areas. He joined the group in 1994.

Standard Chartered appointed Vicky Lin as managing director, head of the Taiwan market for private banking. Based in Hong Kong, Lin manages the offshore Taiwanese market as part of the broader Greater China and North Asia region. The role is a newly-created position and she reports to Desmond Liu, head of private banking, Greater China and North Asia. Prior to this appointment, Lin was the executive director for Private Wealth Management for Taiwan and Greater China at Morgan Stanley Asia.

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North America

Morgan Creek Capital Management made three senior hires to round out its new private wealth advisory group. Michael Forstl - who joined as a senior managing director and head of intermediary distribution in 2014 - will oversee the team, which includes managing directors Christopher Arnold in the north, Tony Wilson in the west and Joseph McQuaid in the south. The group will work primarily with intermediary distribution channels, with a focus on wealth advisors overseeing $500 million to $2 billion in assets. Arnold joined Morgan Creek from Model Capital Management, where he was a strategy consultant. Before that, he was a national sales manager at Beaumont Capital Management, having earlier worked at Windham Capital Management and TS Capital.

McQuaid meanwhile joined from Guggenheim Investments, where he was a regional vice president, and before that spent nine years at Mainstay Investments - most recently as national sales manager for the RIA channel. Wilson joined Morgan Creek from Highland Capital Management, where he was a senior director managing the western US region. Before that, he worked at Artio Global Investors and Turner Investment Partners.
Jay Fishman resigned as a member of the board of directors of Carlyle Group Management. Fishman had served as a member of the board of directors since Carlyle’s initial public offering in May 2012. He resigned due to previously-announced health issues. The Carlyle Group in turn named Anthony Welters, executive chairman of the Black Ivy Group, and senior advisor to the office of the chief executive at UnitedHealth Group, as an independent director.

MarketCounsel hired Kristen Niebuhr as director of practical compliance. Niebuhr joined from Source Financial Advisors, where she served as president and chief operating officer since its inception. Before that, she was chief administrative officer at Alexandra & James (currently Lebenthal & Co). In her new role, Niebuhr will oversee regulatory compliance integration for MarketCounsel clients, ranging from early-stage breakaway advisory teams to mature firms.

Barclays announced it is appointing former JP Morgan senior manager James Staley as its new chief executive, taking up the role from December 1 and filling the vacancy left after Barclays forced out Antony Jenkins earlier this year amid demands for faster change. Staley has nearly four decades of experience in banking and financial services. He worked for over 30 years at JP Morgan, initially training as a commercial banker, and later moving into leadership roles of businesses such as private banking and asset management, and ultimately, leading its investment bank. Staley is currently managing partner of BlueMountain Capital.
Bank of America’s US Trust made 13 hires in nine states over the past month. In New York, Terence McLaughlin joined the Melville office as a private client advisor from JP Morgan, while Jessica Walsh joined the New York branch as a business development executive from UBS.

In the Golden State, David Bigger joined the Westlake Village office as senior trust officer from Buck & Morris, and Karyn Salman joined in Newport Beach, also as senior trust officer, from Wells Fargo. Additionally, Kevin Quinn joined the Naples, FL, office as a private client advisor from Cantor Fitzgerald; Aaron Terry joined in Boston, MA, as a senior trust officer from TD Bank; and Catherine Thayer joined in Saint Louis, MO, as a senior trust officer from Lewis, Rice & Fingersh.

In Pennsylvania, Benjamin Auslander joined the West Conshohocken office as a private client advisor. He previously worked at VERITABLE. In Tennessee, Royal Fowler joined the Nashville branch as a portfolio manager from Equitable Trust. US Trust also made three hires in Texas, in the shape of Alesia Coffman as a private client advisor in Dallas, Barry Johnson as a PCA in Houston and Maureen Jacobi as a personal tax accountant in Dallas. They joined from Westwood Holdings Group, River Oaks Bank & Trust and Can Watters and Associates respectively. Lastly, in Washington, Thomas Platt joined the Seattle office as a sales executive. He previously worked at Morgan Stanley.

New York-listed Morningstar, a provider of investment research, named Kunal Kapoor as president – a new role at the firm. Kapoor, who previously served as head of global products and client solutions, will add responsibility for sales, marketing and product development. He will continue to report to Joe Mansueto, chairman and chief executive. Kapoor has held a number of leadership roles since joining Morningstar in 1997, including director of mutual fund analysis, director of business strategy for international operations, president and chief investment officer of Morningstar Investment Services, and head of Morningstar.com and the firm’s data business.

Indiana-based Salin Bank & Trust Company appointed John Coughlin and William Varanka as vice presidents and wealth management business development officers. Coughlin was previously a vice president and business development officer at First Financial Bank, having previously held the same roles at Regions Bank from 2007 to 2013. Varanka was most recently a vice president and wealth management officer at First Midwest Bank. Before that, he was a vice president and trust officer at Horizon Trust & Investment Management.

Rockefeller & Co hired Kara Valentine as vice president and director of marketing from Dynasty Financial Partners in New York City. Valentine led marketing and brand strategy at Dynasty, having previously spent over 20 years in senior marketing roles at US Trust, Merrill Lynch Wealth Management, and Morgan Stanley.

UBS hired a total of four advisors in Dallas, TX, from Merrill Lynch and Wells Fargo. Ryan McCuller and Bobby Senter joined as a team with around $265 million in assets under management from Merrill Lynch. They report to Mike Rhodes. Additionally, Byron Brook also joined from Merrill Lynch and also reports to Rhodes. Brook joined with around $200 million in AuM. Lastly,  Lance Martin joined from Wells Fargo with around $300 million in AuM. Martin reports to Greg Hopeman. Campbell Reynolds was hired as a private banker for The Private Client Reserve of US Bank in Las Vegas, NV. He was previously a commercial/private banking relationship manager at Northern Trust Company in Sarasota, FL.

The Private Client Reserve of US Bank made three hires in Minneapolis, MN, and one hire in Cincinnati, OH. In Minneapolis, Sean Wenham joined as a wealth management advisor; James Hagen joined as a senior portfolio manager; and Tim Ploetz was appointed as private banking managing director. Wenham was previously a senior financial advisor with US Bancorp Investments, Hagen was a portfolio analyst at RBC Wealth Management and Ploetz worked in the deposit and payment services group in the wholesale banking division of US Bank. Meanwhile, Randi Bellner was appointed as market leader of The Private Client Reserve in Cincinnati, where the firm manages $8.9 billion of assets. Bellner was previously the market leader for Key Private Bank’s Indiana region, and before that held leadership roles at PNC Financial Services.

Anthony Gillaizeau joined US Bank’s Private Client Reserve as a wealth management consultant in San Francisco, CA. Gillaizeau was previously a senior loan officer at Wells Fargo, and director of finance and acquisitions at Wireless Capital Partners.

Encompass Wealth Advisors hired wealth managers Rick Conway and Mohammad Saeed Rahman. Encompass became the first independent RIA practice to launch in partnership with tru Independence in July 2014. Prior to the firm's launch, Derrick Clouser, RIA principal at the firm, and his Encompass colleagues—Walter Urban, Matthew Presjak, Colin Williams and Mary Minshall—had worked together at Morgan Stanley in Portland since 2001. Conway is based in San Francisco and Rahman is based in Oregon.

Bob Dochterman joined Reality Shares as an executive vice president. Dochterman, who has been involved with Reality Shares as an investor, will help lead the firm’s commercial operations, reporting to Eric Ervin, CEO of Reality Shares, and also working with Ryan Ballantyne, EVP of sales and trading. He was previously president at Wealthcare Consultants, a sales, marketing and strategy consulting firm focused on the financial industry. Before that, he spent ten years at Hotchkis and Wiley Capital Management, where he was chief marketing officer. Earlier, he was a managing director and western division sales manager at Merrill Lynch Investment Managers.

Confirming media speculation dating back to April 2015, the former head of Cantor Fitzgerald Wealth Management, Stan Gregor, joined Dynasty Financial Partners, the wealth tech firm which also made a senior promotion. Dynasty founder Jason Pinkham was promoted to director of relationship management and transition services, reporting to Shirl Penney, CEO of Dynasty. Meanwhile, Gregor joined as director of network development for the eastern division, reporting to Tim Bello, head of network development. Gregor was founder and co-CEO of Cantor Fitzgerald Wealth Partners since 2012, having previously served as head of Wells Fargo Wealth Management's eastern US markets and head of the wealth insurance group. It is unclear who will replace him in that role. Meanwhile, Pinkham will be responsible for transition and relationship management across three divisions: eastern - based in NYC, midwest - based in Chicago and western - based in San Francisco.

BNY Mellon promoted Eileen Foley to head of its family office group, reporting to executive director Erich Smith. Boston, MA-based Foley previously oversaw the family office group’s national sales team, and was replaced in this role by Philip Tedeschi, who was promoted. Before joining BNY Mellon in 2007, Foley was a partner at Lee Munder Capital Group in Boston. She has 29 years of financial services experience. Tedeschi was previously a senior wealth director at BNY Mellon Wealth Management, and before that a director at Investors Bank & Trust and a principal at CCC Alliance, a family office.

Wilmington Trust brought in David Ely as a senior portfolio manager, and Steven Conway as a senior private client fiduciary advisor, in Boston, MA. Conway previously practiced law in Massachusetts, and before his legal career was a tax consultant at a "Big Four" firm. Meanwhile, Ely was previously a senior portfolio manager of investment solutions at State Street Global Advisors, where he also worked in the charitable asset management group. Before that, Ely worked within Salomon Smith Barney’s private client group.

Legacy Wealth Partners, a Fort Lauderdale, FL-based firm that oversees nearly $600 million in assets,  joined HighTower's “premier platform.” The move was HighTower’s 12th transition year-to-date. Legacy Wealth Partners is led by three managing partners who established the firm in early 2015 as Legacy Wealth Group: William VanDresser, previously executive vice president and managing director of wealth management at Gibraltar Private Bank & Trust in Coral Gables; Elden LeGaux, formerly executive vice president and wealth management managing director, also at Gibraltar; and Eugene Frankel, previously an investment manager at Digital Sky Technologies.

The advisors at Landmark Investments, a Landmark Bank affiliate operating in Texas, Oklahoma and Missouri, is to offer investment and wealth management services through Raymond James Financial Services. The investment services team is led by executive vice president and wealth management director Douglas Moore and was previously affiliated with Cetera Investment Services for over 18 years. The Landmark team includes eight financial advisors: DeAnn Peter, Jackie Shupe, Joe Cricchio in Columbia and Miles James in Houston, MO; Leah Anne Brooks in Durant, and Erik Handcock in Ada, OK; and Dave Reed in Denison and Jason Fox in Gainesville, TX. They collectively manage about $450 million in client assets and produce about $2.6 million in annual revenues.

SunTrust Banks appointed its chief risk officer, Tom Freeman, to head up its consumer and private wealth management segment, while announcing other management changes. All appointments are effective from November 1. Reporting to Freeman, among other leaders, will be Joe Thompson, who is head of private wealth management at SunTrust. In August 2014, Willem Hattink was named as chief executive of GenSpring Family Offices (an affiliate of SunTrust) and as head of private wealth management specialty groups at SunTrust. Hattink reports to Thompson. Besides Freeman, the other appointments included: Brad Dinsmore to lead consumer banking, reporting to Freeman and overseeing the company's omni-channel strategy (physical branches and digital consumer channels); Jerome Lienhard, who until now led the mortgage segment, to CRO, replacing Freeman; and Dorinda Smith to mortgage segment executive, succeeding Lienhard.

St George, UT-based Soltis Investment Advisors launched an office in Salt Lake City, UT. Soltis, which serves clients in Utah, along the Wasatch Front and across the US, has seven financial advisors and 20 members of staff. The new Salt Lake City office will have four advisors and two staff members. Soltis has over $1.5 billion in assets under management/assets under advisement.

RBC Wealth Management hired a new team in Atlanta, GA, as part of its growth strategy in the southeast. Larry Cummings and Clifford Wang, who joined from Barclays, work with ultra high net worth clients and serve fewer than 20 families. The team has trailing revenue of $2.2 million.

Nuveen Investments hired Martin Kremenstein as a managing director and head of exchange-traded funds – a new role at the firm. Kremenstein will report to Greg Bottjer, managing director and head of product strategy, based in New York City. He was most recently a managing director at Deutsche Asset & Wealth Management, responsible for the firm's ETF business in the US.

Dynasty member firm Summit Trail Advisors welcomed a $1 billion advisory team in New York - its second acquisition in two months. Jerry Lucas, Megan Sclafani, Peter Gambee and Michael Cohen all joined as partners from Barclays Wealth & Investment Management. Lucas, Sclafani, Gambee and Cohen joined James Cantelupe, Lauren Cosulich, Peter Lee, Danie McHugh, Tom Palecek, Daniela Pedley, Jack Petersen, David Romhilt, Duff Saxe and John Scarborough – all partners at Summit Trail Advisors in New York, Boston, Chicago and San Francisco.

Former Pitcairn employee Karen Wawrzaszek joined Rockefeller as a managing director and senior advisor in Washington, DC. Wawrzaszek was previously head of Pitcaitn's Washington, DC, office and has specific expertise in impact investing. Before working at Pitcairn, she worked at Citi Private Bank and spent 11 years at US Trust.

Philadelphia, PA-headquartered Janney Montgomery Scott, the wealth management, financial services and capital markets firm, hired Martin Schamis as head of wealth planning. Schamis will oversee the planning solutions group that supports Janney’s 740 financial advisors advising the firm’s retail client base. He joinrf Janney from The Vanguard Group, where he spent the majority of his 11-year tenure as senior manager of financial planning and advice services. Before Vanguard, he worked as a financial advisor for Morgan Stanley.

Three left Credit Suisse for First Republic Bank as managing directors and portfolio managers in San Francisco, CA. The new appointees were Dagny Maidman, Chris Chase and Erik Ralston, who all joined First Republic
Private Wealth Management. Maidman has extensive experience serving high net worth individuals and families; Chase specializes in helping founders and shareholders of privately-held companies; and Ralston specializes in serving corporate executive and company founders. Fort Pitt Capital Group joined the Focus Financial Partners network – the third Pennsylvania-based firm to join Focus following the addition of JFS Wealth Advisors and Quadrant Private Wealth. Headquartered in Pittsburgh, PA, and with another office in Bonita Springs, FL, Fort Pitt was founded by seven partners in 1995. Three of its founding principals – Michael Blehar, Theodore Bovard and Charles Smith – still run the day-to-day business operations, managing a 28-person team.

Todd Aquilina was named as a wealth management consultant at The Private Client Reserve of US Bank in Sacramento, CA. Aquilina will work with clients to understand their goals and aspirations. He’ll then assemble a team of professionals best suited to work toward those objectives, US Bank said. He was previously a business development officer, private banker and mortgage loan officer at Wells Fargo.

Brown Brothers Harriman appointed partner Seán Páircéir as global head of investor services. Páircéir joined BBH as managing director in 2000 and was appointed as a partner in 2010. He has led the firm’s investor services relationship excellence unit and served as co-head of Europe, Middle East and Africa for investor services. Based in Dublin, he will take on the new role as of the beginning of 2016, replacing William Tyree, who will become managing partner.

Meanwhile, William Rosensweig was appointed to succeed Páircéir as head of investor services relationship excellence. Rosensweig, who joined BBH in 2001 and was appointed partner in 2012, has held leadership roles in the firm’s Boston, London, and Hong Kong offices. Based in Boston, he will be responsible for the firm's relationships with US asset managers.

Deutsche Asset & Wealth Management hired Michael Keough and David Hanlon within its institutional global client group in the Americas. Keough is a managing director based in San Francisco, reporting to Laura Gaylord, head of the core institutional group for the region. Hanlon is a director based in Boston, reporting to Carolyn Patton, head of consultant relations in the Americas. Both Keough and Hanlon are focused on servicing DeAWM’s institutional clients in their respective regions. With over 24 years of industry experience, Keough joined DeAWM from Bank of New York Mellon Investment Management in San Francisco, where he was a director and led new business development and client relationship management for public funds in the Western US. Previously, he was a relationship manager at Goldman Sachs Asset Management and a marketing director at INVESCO.

Hanlon joined DeAWM with over 23 years of experience from F-Squared Investments, where he was a senior vice president and head of institutional sales. Previously, he was a managing director at Pinebridge Investments and Bank of New York Mellon.

Private wealth advisors Christopher Baldwin, Thomas Tyndorf and Andrew Skoglund joined Merrill Lynch’s private banking and investment group from Credit Suisse in Chicago, IL. They all joined as managing directors and alongside financial analysts Daniel Aliaga and Amber O’Malley, and client associates Sylvia Weitzman, Laura Bienz and Leslie Cannon. The advisors managed approximately $3.5 billion of client assets at Credit Suisse, and now report to PBIG regional managing director Brett Thelander.

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AXA Investment Managers, a global asset management company, boosted its Americas team with three hires. Jamison Gagnier joined as director of US institutional sales from Loomis, Sayles & Co, an investment subsidiary of Natixis, where he was responsible for institutional sales of equities, fixed income and alternatives, including hedge funds. Gagnier will focus on the institutional marketplace in the eastern half of the US and Canada. He will report to Steve Sexeny, head of the US client group. Meanwhile, Rafael Tovar was appointed as director of US wholesale offshore sales from Nikko Asset Management, where he was responsible for business development across the Latin America pensions and offshore bank platforms, family offices and consultants. Tovar will report to James Wallace, head of US wholesale and sub-advisory distribution.

Lastly, Leticia Aymerich joined as head of client service for the Americas from AXA Investment Managers in Spain, where she was most recently head of client service and legal. Before joining AXA IM in 2006, Aymerich worked within Legg Mason’s and Commerzbank’s asset management groups in Spain. Aymerich will manage client onboarding and reporting, implementing key regulatory policies and procedures, and building out a client service structure in Mexico. She will report to Xavier Thomin, head of AXA IM, Americas.

Ross Kennedy, Richard Cantwell and Stephen Michael joined UBS from Credit Suisse in Boston, MA. They have around $1 billion in assets under management and report to Maxwell Bardeen in the private wealth management branch. The team has a venture capital/private equity services business as well as an ultra high net worth private client business.

Financial Gravity Holdings, which recently named Kevin Schillo as its new director of wealth management, hired Beverly Johnson as a senior wealth advisor. Johnson has over 20 years of experience as a business leader in the areas of finance, marketing, supply management and manufacturing operations. She has also worked as a consultant with Fortune 500 companies, as well as major franchises, on projects in the areas of finance, operations, and the development of non-profit entities. Clients at Financial Gravity include small businesses, small business owners and high net worth individuals. 

Pittsburgh, PA-based D B Root & Co launched as an independent RIA, leveraging Dynasty’s wealth management services and technology platform. With client assets of over $650 million, D B Root works with corporate executives, professionals, business owners and entrepreneurs in Pittsburgh’s burgeoning technology sector and growing energy segment. The firm also focuses on education, since half of its employees are under the age of 40, and engages fully in technology and social media.

Founder and chief executive David Root launched the newly independent firm after leaving Commonwealth Financial Network, which he joined in 1997. The firm's team also consists of: Charles Stout, senior advisor; David Hoffmann, vice president; Steve Kohler, senior financial advisor; Michael Aroesty, financial advisor; and Lynn Hoffay, CPA. They also joined from Commonwealth, along with nine support staff.

Boston Private Financial Holdings added an information technology veteran to its board of directors in the shape of Kimberly Stevenson. Stevenson has a strong background in the information technology space, having been chief investment officer at Intel for nearly four years. She will provide insights that will help direct Boston Private's trajectory in mobile banking, information security, overall client facing application, and big data, among other areas.

Women now represent 55 per cent of Boston Private's independent director board positions. Before her CIO role, Stevenson was vice president and general manager of Intel's global IT operations and services. Earlier, she spent seven years at the former EDS, now HP enterprise services. Sandra Cho of Encino, CA, formed Pointwealth Capital Management through LPL's broker-dealer platform and will provide fee-based advisory services through Golden State Wealth Management, an independent firm on LPL's hybrid RIA wing.

A core component of Cho's business is based around advising women and widows. She also engages in retirement planning for couples and individuals as well as tax management planning for business owners. She serves clients in the greater Los Angeles, CA, area, and several outlying areas.

Global X Management Company, the New York-based provider of exchange-traded funds, made three senior hires. Aaron Dillon joined as head of strategic relationships, Alex Ashby as director of product development, and Steve Munroe as director of media planning. Dillon, previously a managing director at KraneShares, will be responsible for driving Global X's business development with institutional investors and will also manage the firm's national accounts efforts.

Before working at KraneShares, Dillon served as head of mutual fund and ETF products at TD Ameritrade, as well as a vice president at Morgan Stanley Wealth Management in the firm’s investment product and managed account teams.

Ashby re-joined Global X after receiving his MBA from MIT's Sloan School of Management. Between 2010 and 2013, he was involved in research, operations and product development at Global X. He managed the launch process for over 20 ETFs and also provided Global X with strategic insights and supporting research for its existing suites of funds.

Lastly, Munroe joined Global X from Liberty Mutual Insurance, where he served as a senior analyst in the client marketing and marketing strategy teams for the personal insurance strategic business unit. Before that, he was a consultant at Marketing and Planning Systems, a marketing research and consulting firm, where he led brand tracking and strategic segmentation studies for multiple Fortune 100 clients in the retail and financial services industries.

Patton Albertson & Miller joined the international partnership of independent fiduciary wealth management firms, Focus Financial Partners, in Georgia. PAM is the third Georgia-based partner firm to join Focus in the past year, following the recent additions of Gratus Capital in Atlanta, and The Fiduciary Group in Savannah. Founded in 2003, PAM provides wealth management, investment management, business succession planning and financial planning services to high net worth individuals and families, trusts, estates, business owners and select institutional clients. The firm's founders, Jimmy Patton, Marc Albertson and Bill Miller, first met at SunTrust Bank where collectively they worked for over three decades and each held various executive management positions.

The TCW Group, a global asset management firm, made two senior hires to strengthen its legal and compliance areas. Frank Gioia joined TCW’s compliance department as a senior vice president and head of investment control. He will be based at the firm's Los Angeles headquarters and report to Jeff Engelsman, global chief compliance officer.

Gioia was previously the compliance product manager at Charles River Development, a provider of automated systems for front- and middle-office investment management functions.
Additionally, Dipo Ashiru joined TCW as a SVP and associate general counsel. He is based in New York City and reports to Meredith Jackson, the firm's general counsel. He joined from KKR, where he was an advisor and senior counsel to the firm’s diversified private equity, credit and hedge funds platform.

AssetMark bolstered its relationship management and sales teams with five hires from Curian Capital.
The new employees were:
·        Anthony Gonzales, business development officer for the Mid-Atlantic region;
·        Aaron Jones, regional consultant in Arizona and Utah;
·        Timothy Kolesaire, business development officer in Connecticut;
·        Tigran Muradyan, business development officer for Pennsylvania and upstate New York; and
·        Sara Paulson, business development officer in the Midwest.
Mark Moeller was appointed as managing director of investments at Ascent Private Capital Management of US Bank in Minneapolis, MN.
In Minneapolis, Ascent’s investments team is led by Joe Hinderer.
Moeller was previously managing director of portfolio management at US Bank’s Private Client Reserve, the firm's high net worth arm. Earlier, he was a senior consultant at Slocum & Associates, advising non-profit institutions on their investment policies and structures.