Switzerland

New Aargauer Bank, owned by Credit Suisse, appointed Sandro Meichtry as its new head of private banking. Mr Meichtry previously worked at Zürcher Kantonalbank.

The former chief executive of AIG Private Bank, Peter Wild, is resigning from the Swiss bank’s board of directors to pursue other opportunities.

Serge Ledermann, a partner (although not unlimited liability) of Lombard Odier Darrier Hentsch, left the bank. His responsibilities will be taken over by three people, Bernard Droux, Hubert Keller and Thierry Lombard.

UBS promoted Michael Willi to be chief communication officer.

Credit Suisse named Hans-Ulrich Meister as chief executive for Switzerland and a member of the executive board.

Sal Oppenheim and Siegfried Piel parted company “by mutual agreement, due to differing business views”. Mr Piel was global head of trading and derivatives, as well as a member of the executive board.

Credit Suisse appointed Christoph Mauchle as the new head of the market area Germany, Austria, Luxembourg and ultra high net worth individuals in Europe, the Middle East and Africa. Mr Mauchle succeeds Michael Rüdiger, who has taken over as chief executive of Credit Suisse in Germany, Austria, Luxembourg and central Europe.

Stanford Group (Suisse) hired former UBS manager Ivan Bieri to join its team of financial advisors in the company’s Zurich office.

Credit Suisse hired Paul Arni as the new head of its Zurich region and of private banking in the region. He will take up his post on 1 February 2009.Mr Arni joined from UBS.

UBS brought Bruno Gehrig, chairman of Swiss Life, on to its board of directors.

Keith Harrison, a senior manager at RBS Coutts in Geneva has left after being at the bank since 1996.

UK
UBS has lost Emmanuel Fievet who, since 2006, has been managing director and head of UK onshore wealth management at the Swiss bank. Mr Fievet is joining Barclays Wealth as managing director, head of international private banking, Europe, Middle East and Africa, with effect from the start of December 2008.

Mr Fievet replaces Gerard Aquilina who is promoted to vice-chairman of Barclays Wealth.

Meanwhile at UBS John Pottage will be stepping down from his current role as chief executive of Wealth Management UK. Andre Cronje has been appointed as Business Unit Head UK and CEO Wealth Management UK, with effect from  1 September. Mr Pottage will assume the role of head of UBS Wealth Management's UK Domestic business, Mr Fievet's old role.

UBS has poached a team of eight people from the wealth management business of PricewaterhouseCoopers in the UK city of Birmingham. UBS said the team of eight which joins UBS Wealth Management included Phillip Wood, who will be regional head in the Midlands. Previously Mr Wood was the director leading the PwC Wealth Advisory Practice. Mr Wood joined PwC in 1997 from another firm of chartered accountants where he was a senior investment advisor.

Other hires are those of Neil Wright, joining as senior client advisor. Previously, Mr Wright was a wealth advisory director at PwC which he joined in 1988.

James Copeland, meanwhile, joins UBS as a client advisor. He was a senior manager in the wealth advisory practice at PwC where he spent six years.

Other team members joining include Paul Emes, Helen Canby, Edward Price, Kaleem Mohammed and Sue Bahia. In addition, UBS Wealth Management has also recently recruited Max Thowless-Reeves as an investment director to offer discretionary investment management services to clients in the Midlands. Mr Thowless-Reeves was hired from Brewin Dolphin, the UK wealth manager, where he was an investment manager.

Two of the UBS wealth managers who had resigned from the Swiss banking giant to work for UK start-up firm Vestra Wealth have decided to stay with UBS.

One of the employees who has changed his mind about quitting UBS is David Guild, a London based investment manager reporting to Peter Hall.  The other returning employee is Keith Merrick, also an investment manager in UBS's private client discretionary investment management capability.

Guy Davies, head of charities and philanthropy at Barclays Wealth is leaving the business, the bank has confirmed.

Mr Davies is joining the newly-formed Pan Asset Management, a UK-based boutique private client manager chaired by John Redwood, the former Conservative cabinet minister.

Barclays Wealth has appointed Thomas Rostron as a managing director and head of retail product within the Investment and Product Office.

In this newly created role, Mr Rostron will report directly into Kevin Lecocq, chief investment officer and will be responsible for the coordination and delivery of investment products such as investment funds, structured products, life assurance and portfolios managed by Barclays Wealth.  
 
Mr Rostron was previously at Fortis Investments where he oversaw world-wide asset management sales through the institutional, wholesale and retail channels. 

Barclays Wealth has hired James Osborne and Cherie Hamoudi into its investment management division in Edinburgh.

Mr Osborne and Ms Hamoudi both join from private client law firm and asset manager Turcan Connell, where they were senior portfolio managers. They will report directly to the head of investment management John Godfrey.

Barclays Wealth has appointed John Williams as a director within its Wealth Advisory business.  He starts in November 2008 and will join the Advisory and Financial Solutions team, working with Stuart Chapell.

He joins Barclays Wealth from UBS Wealth Management in the UK where he was an executive director; working for seven years in their wealth planning team.

Barclays Wealth has added to its team of private bankers in South Yorkshire with the appointment of Paul Redfearn and Darren Hirst.

Mr Redfearn has joined Barclays Wealth from Lloyds TSB where he worked as a business financial planner looking after clients in West Yorkshire, South Yorkshire and East Lancashire.

Mr Hirst has worked within the Barclays group for 20 years.

Barclays Wealth has appointed David Currie to the post of financial controller, managing the firm's financial control team, based in Glasgow. Mr Currie joins from National Australia Group, where he was head of reporting.

Laila Pakzab, a director at UBS Wealth Management UK in London is moving to Credit Suisse Private Banking.

Ms Pakzab was head of the Turkish desk at UBS but will work in the UK onshore business at Credit Suisse in London.

Credit Suisse has appointed two relationship managers, Iain MacLaverty and Rob Sledmere, to work in Merseyside/North Wales and East Anglia regions respectively.

Mr MacLaverty joins from Towry Law where he managed a team of 12 and was responsible for all training and competence. 

At Credit Suisse, Mr MacLaverty will report to Simon Racle, head of the north of England regional private banking business and he will be based at Credit Suisse’s Manchester office.

Meanwhile, Mr Sledmere previously worked at JP Morgan Private Bank where he was an associate banker, working closely with colleagues to manage nearly 50 private ultra high net worth clients.

Credit Suisse has hired David Norman to take up the newly created role of chief executive officer asset management for the UK and Ireland.

Mr Norman joins directly from Morley Fund Management where he was director of marketing and products.

Credit Suisse has appointed Simon Racle as the head of its north of England regional private banking business, hiring him from Barclays Wealth in a move that comes as the Swiss bank continues to develop its regional business in the UK.

Mr Racle will join Credit Suisse in January 2009 from Barclays Wealth, where he has worked as regional centre head of Manchester and Liverpool for the last two years.

UK Midlands law firm George Green has promoted Amanda Elwell to partner and head of its private client department.

Ms Elwell joined George Green in 2002 and is a specialist in estate planning, wills and tax and trusts. She will lead a team of eight in the private client department.

The firm is a member of international legal network Ars Legis and has just announced record quarterly profits.

Citisoft, a consultancy to investment firms, has appointed Ian Mainwaring as a new senior practitioner to focus on hedge funds and alternative investment products.

Previously, Mr Mainwaring was head of technology for electronic trading and hedge accounting at Rabobank International.

Brewin Dolphin has hired a team of six executives and administrative assistants from UBS’s offices in Taunton to add to its existing team in the town in England’s South West region.

Charlie Bracher has been appointed divisional director at Brewin’s Taunton office. Mr Bracher is being joined by Frank Clark, as an investment manager, and Diane Harding has already joined as an investment assistant. Kim Norman has joined as an administrative assistant; another administrative assistant is due to join Brewin Dolphin in the next few days.

Skandia Investment Group said it has made a number of appointments to its multi-manager and related fund management operations with the arrival of Andrew Freeley, Paul Deacon, and Helen Woodland.

Mr Freeley has joined the SIG executive committee as director of business change, reporting into SIG chief executive Jamie MacLeod. Mr Freeley was previously at Ernst & Young.

Mr Deacon has been appointed as head of fund group relationships and previously worked for Friends Provident as an investment proposition manager.

HSBC Global Asset Management has appointed a new head of its multi-manager business for the UK, Middle East and North Africa, Guy Morrell, who replaces existing post-holder James Hughes, who is relocating to be head of the multi-manager team in Hong Kong.

The head of marketing and business development at Coutts, Perry Littleboy, is moving to take up the role of senior client partner at the bank’s entrepreneurs’ client group in October, the UK private bank said.

Mr Littleboy has been in his current role for the past five years. As a result of the shift, his position will be filled by Stephen Fletcher, who is head of the commercial banking team at Coutts, a position Mr Fletcher will retain in addition to his new role.

Dylan Williams has been promoted from client partner to managing partner for Coutts in north west England, covering the Manchester and Liverpool offices.

Mr Williams joined Coutts in 1998 on its graduate programme and in 2000 joined the sports and entertainment client group in London.

In 2001, he moved to the Manchester office in his role as a private banker to build the regional sports and entertainment offering. In 2005 he was promoted to senior private banker then to client partner in 2007.  

UK asset management house Gartmore Investment Management said it has appointed Dominic Rossi as chief investment officer, hiring him from rival firm Threadneedle, where he was head of equities.
The chief executive of Fleming Family & Partners, the UK-based multi-family office firm, is to step down at the end of August, FF&P said.

Gavin Rochussen, the departing chief executive, will and over his responsibilities to Mervyn Davies, who will assume the role of executive chairman while a new chief executive is recruited, a spokesman for the firm said. FF&P did not give a specific target date for when a new chief executive will be appointed.

Investec Private Bank has strengthened its existing Manchester-based banking division with the appointment of Sarah McKendrick and Mark Jones.  They will be focused principally on delivering treasury services to owner-managed businesses, intermediaries and private clients based in the north of England.

Ms McKendrick joins from HSBC, where she was part of the centrally-based sales team responsible for e-trade sales support.  During her time with HSBC her roles included international business manager and payments solutions manager.

Mr Jones joins from Royal Bank of Scotland, where he was relationship manager of a large corporate team responsible for managing and developing a portfolio of 60 clients with a turnover of over £50 million (about $100 million).

London-listed investment manager Brewin Dolphin has hired David Smith and Dale Hubber-Richard into its Guernsey office.

Mr Hubber-Richard joins from the Channel Islands office of SG Hambros, where he has been a senior investment manager since 2004; Mr Smith was chief investment officer with investment consultancy and advisory service International Asset Monitor.

Jersey-based active investment manager Ashburton has expanded its European equities team with the appointment of Veronika Pechlaner as investment manager.

She joined Ashburton in April 2008 from the London office of Goldman Sachs, where she worked as a European research analyst, specialising in media equities.

Lazard Asset Management, part of international financial advisory firm Lazard, has appointed Rory Williams as its strategic alliances manager, responsible for developing business links to distribute Lazard’s financial products.

Mr Williams joins from Friends Provident, the UK life insurer.

BNY Mellon Wealth Management said it has appointed Joshi Gunputh to its Family Office Services group.

Based in London, Ms Gunputh takes up the post of client relationship manager, reporting to Jim McEleney, managing director of BNY Mellon Family Office Services in London.

Advisory firm Deloitte said that two tax specialists will be added to this part of its business. The appointments are Kirsten Tassell and Adam Waller. Their appointment follows that of Paula Higgleton to the role of UK private client services.

Following a dispute first reported in March 2008, London West End law firm Forsters has now secured four partners from major international private client firm Withers.

After legal negotiations landed estates partner Penny Elliot will join the private client practice later in August. The other three – landed estates partner Andrew Lane, private client partner Catherine Hill and corporate partner Craigie Pearson – are likely to move in 2009.

Adrian Laycock joins Fortis Private Banking UK as an executive director in October 2008. Reporting to Philip Howell, he will spearhead the growth of UK onshore private banking for Belgian bancassurer Fortis.

Mr Laycock joins from UBS Wealth Management in London, where he started in 2002. 

Deloitte, the international professional services firm, said it has appointed Paula Higgleton as its new head of UK private client services practice. She has worked at the firm for seven years.

SG Hambros Bank has hired a former UBS wealth management employee for its discretionary asset management arm.

Jennifer Yu has been hired for the role of investment director and will report to Martin O’Hare, group head of discretionary portfolio management.

Ms Yu had been a client advisor for the financial intermediaries team since 2007 at UBS Wealth Management. Previously, she worked at Barclays Wealth as a portfolio manager.

Private client law firm Wilsons has appointed Moira Protani as head of its charities team, from 1 September 2008. She will divide her time between a London office and the firm’s base in Salisbury. She replaces Alison McKenna who left at the end of May to become the first president of the new Charity Tribunal. 

Mishcon de Reya has hired a specialist real estate team from law firm Seddons to enhance its own private wealth planning group with a dedicated service for high net worth clients.

Headed by partner Ned El-Imad and assistants James Liffen, Julie Bond, Ruth McKenzie and Sarah Callaghan, the team started at Mishcon de Reya at the end of July 2008.

David Stoll, a London-based executive director in the high net worth business left UBS last week and will be joining Partners Wealth Management in the City of London as one of the partners.
 
Mr Stoll is a life and pensions expert specialising in the UK domestic market, and is believed to have been one of the top producers at UBS. He was part of the Scott Goodman Harris business that UBS acquired in February 2004, where he was a partner of David Scott.

Adrian Laycock, also an executive director, and a top producer in UBS Wealth Management UK's high net worth business has also left.

Imogen Wood, a fund sales director at JO Hambro Investment Management has left the company, the UK-based Credit Suisse subsidiary has confirmed.

Ms Wood, who left JOHIM at the end of July, is pursing a career change and will no longer be working in investment management, a spokesman for the company said.

Pamela Pitcher has joined Sanne Group in Jersey as director, Structured Solutions & Brand Management.

Ms Pitcher will have responsibility for extending Sanne's market reach globally with emphasis on philanthropy services.

As Pamela Woodburn she was managing director of RBC Global Private Banking in San Francisco and was founder and chair of STEP San Francisco.  She left RBC and the US last year to move to Jersey.

London-based international law firm Withers, noted for its private client practice, has moved nine lawyers up to partnership, taking the total to 114 in its seven offices across the globe.

The London office gains six new partners across four of its practice groups: Dora Clarke and Sophie Dworetzsky in wealth planning, Emma Copestake and Bertie Hoskyns-Abrahall in real estate, Sue Medder in trust litigation and Emma Sanderson in employment.

In addition, Roberta Crivellaro has become a partner in the corporate team in Milan while the US gains two new partners: Steve Liss in the New Haven wealth planning team and Justin Zamparelli in the New York corporate team.
 
Europe

UK-based Coutts has appointed Alistair James as a senior private banker to its Monaco team, after having most recently worked at Lloyds TSB Private Banking.

Coutts also appointed David Sheepshanks, a prominent figure in the world of East Anglian and national UK football as its regional chairman for Norfolk and Suffolk.

Chicago-based wealth and asset manager Northern Trust has hired Martin Korst as senior relationship manager for the Netherlands.

Rabobank has appointed Pim Mol as its director of private banking, joining the firm from Dutch-Belgian rival Fortis MeesPierson.

The head of Deutsche Bank’s private bank operations in Europe, Mark Lopez, left the company after a stint of seven years.

Asia Pacific

ING Private Banking appointed Elaine Lai as general manager for wealth management and onshore private banking in China. Ms Lai peviously worked for Standard Chartered Bank. It also appointed Mark Chan as managing director, head of marketing for China.

J.P. Morgan Asia Pacific appointed Kalpana Morparia as chief executive officer of the firm's Indian operations.

Ms Morparia joins J.P. Morgan from ICICI Group, where she was vice chairman of the ICICI Group's insurance, asset management and securities companies, and chief strategy and communications officer.

Singapore-based Schroders Private Clients appointed Samantha Tao joins as a director to tap into the Singapore market. Ms Tao previously was at UBS Singapore. Joyce Bangayan joins as director to cover the Philippines market, previously working at RZB Bank, Prudential-Bache and Coutts. Benny Tan joins as director to cover the Asian market.

Clariden Leu appointed Philip Penaloza as team head for its asset management office in Hong Kong, a new position. Mr Penaloza recently served as a senior portfolio counsellor for Citi private banking in Hong Kong.

The head of BNP Paribas Asian private banking operation, Michel Longhini, is moving from his Singapore-based post to take up an international role at the French bank and will be based in Paris.

Barclays Wealth appointed Nitin Birla as director, head of Hong Kong Desk, South Asia. He will report to Sandeep Sharma, head of South Asia, who is based in Singapore.

Fortis Private Banking appointed a team of senior Asian managers, led by Barend Janssens, plus:

Hans Diederen, regional head of Greater China; Lee Chang Tze, regional head of South East Asia; Hassan el Nahas, regional head of the Middle East (effective 1 April 2009); Marc de Natris, head of brokerage management; Solange Rouschop, head of products and solutions; Seah Li Li, chief credit officer; Samir Dewan, chief administrative officer; and Peeter Chris ‘t Hart, who will be head of marketing and sales. All of the appointments, apart from Mr de Natris, come from ABN Amro, according to Dow Jones.

Barclays Wealth appointed Amy Au Yeung as a relationship manager, starting immediately. Ms Yeung previously worked for Australia and New Zealand Banking Group. Manpreet Singh Gill is Barclays Wealth's new Asia strategist.  Based in Singapore, he will report to Michael Dicks, global head of research and investment strategy.

Ms Yeung reports to David Stanley, director and head of Barclays Wealth’s offshore financial markets section. The firm also appointed Pheabe Chau as Singapore head of investment specialists.

Australian-based FirstUnity Wealth Management appointed Michael Parsons as its new managing director.

Citi is reorganizing its Asia-Pacific operations into four geographic areas. Aamir Rahim will head the region's global wealth management group, from his previous post as co-head of fixed income, currencies and commodities.

Deutsche Bank appointed ex-Citigroup senior manager Trent Doughty to head of private wealth management for Australia and New Zealand.

Australian-based banking group ANZ appointed Sean West as its managing director for Wealth Asia, and Ross Foden as head of operations for the Asia-Pacific region at the bank.

Deutsche Bank has hired Prashant Joshi, a senior manager at Standard Chartered, as its head of private and business clients in India, effective immediately. Mr Joshi will be based in Mumbai. He reports locally to Gunit Chadha, managing director and chief executive, Deutsche Bank India, and regionally to Atul Malik, head of private and business clients, Asia.

Standard Chartered Private Bank said it has appointed a former Deutsche Bank senior executive to be its head of investment advisory and fiduciary department.

Gary Tiernan, who has worked in the investment banking and private banking business for more than 20 years, spent four years in Asia as regional head of investment sales for Deutsche Bank. Prior to that, he was Deutsche Bank Private Wealth Management’s regional head of products for the Middle East, Latin America and Europe (excluding Germany).

US

Citigroup’s Smith Barney poached former UBS advisors Scott Blair and Arthur Caruso in New York and Paul Matlock and Mary Linley Sweat in Mississippi. Also Michele Sims, Alan Guerry and Trey Kinney, previously with Merrill Lynch in Atlanta reportedly joined the firm.

US-based First Republic Bank, a private banking and wealth management firm, has appointed John Froley as an investment consultant, based in San Francisco. He previously worked at Banc of America Investment Services.

Credit Suisse Private Banking USA has hired Bill Grinnell, a former senior vice president and relationship manager at Lehman Brothers Private Investment Management.

Morgan Stanley Private Wealth Management hired a team of three managers from Lehman Brothers to serve high net worth clients in the Native American market. The appointments include two investment representatives: Bernard Machlovitch and Hans Maentz, and sales associate Monica Aguilera. They will report to Todd Locicero, regional manager of the private wealth management office in Los Angeles.

The Private Bank of California appointed Tina Van der Zee as senior vice president and manager of a new group set up to serve existing and future clients working in the US entertainment industry.

Bank of America has named Ben Prince as Premier Banking and Investment Pacific Northwest division executive within the company's larger Global Wealth and Investment Management division. Mr Prince most recently served as PB&I region executive for Orange County and Inland Empire.

First Private Bank & Trust appointed V. Charles Jackson as its chief executive, replacing James Dawson, who held the post on an interim basis.

US financial services firm Robert W. Baird & Co., which is based in Milwaukee, is to open a Philadelphia office with two wealth management professionals formerly with Wachovia Securities. The firm said it is also opening a Baltimore site, according to media reports.

Brian McGrath will serve as branch manager and E Howard Goodwin as financial advisor.

BNY Mellon Wealth Management said it has appointed Frank Levin and William Wyman as senior directors in the US.

Richard Fleischman Associates, a US provider of technology and services and advisor, has appointed former Merrill Lynch manager Julian Croxall director of client consulting.

LPL Financial, America’s largest independent broker dealer, tapped ABN Amro for its new chief financial officer, hiring former ABN Amro executive Robert Moore to replace Bill Maher, the firm’s current CFO.

First Republic Bank named Timothy Barker senior managing director of First Republic Wealth Advisors, a unit of the bank.

California’s First Republic Bank appointed Henry Brinck as managing director and head of Fixed Income of First Republic Investment Management. Mr Brinck previously worked for Thomas Weisel Partners Group.

Standard Chartered Private Bank appointed a number of senior managers. Diego Folino, who is president and chief executive of Standard Chartered Bank International ( Americas) takes on the additional role of regional head, Standard Chartered Private Bank for Americas. Gil Schmidt, currently regional head, of Standard Chartered Private Bank Americas, is appointed global head of strategy implementation and new ventures, which is a new role.

Morteza Farzaneh, head of relationship management for South East Asia, was appointed global head of relationship management for Standard Chartered Private Bank, also reporting to Mr Flavel.

US multi-family office Pitcairn promoted Leslie Voth to president and chief operating officer, a new position. Ms Voth was previously president of Pitcairn's wealth management group.

S&T Bank named Clifford McBroom senior vice president, S&T Financial Services. David Finui was named vice president and director of business development. DeeJay Bonson was named vice president and financial advisor for S&T Financial Services.

Middle East

Morgan Stanley Private Wealth Management appointed Nadim Shabsogh as an investment advisor based in Dubai.  Mr Shabsogh joins as an executive director and will partner with Kheiry Amr. Mr Shabsogh joins from Bear Stearns in London, where he had responsibility for Middle East private client relationships.

Udi Oz has joined Morgan Stanley as a vice president and investment advisor covering the Israeli market. Mr Oz previously worked at Bear Stearns.