A roundup of moves in the world's wealth management industry. There were a number of senior changes in banks' leadership in different regions in November, for example VP Bank in Liechtenstein, Saxo Bank in Singapore, UBP in the Middle East, and Beacon Pointe and Citigroup in the US.

Europe, Middle East, Africa, select international jurisdictions. (APAC and North America are below this section.)

Oakglen Wealth appointed Charlie Nicholls as financial controller, a newly-created role. He will support boards and leadership teams in London and Jersey. A chartered accountant, Nicholls worked for five years at PwC, and went to JTC Group, becoming head of group accounting. 

atomos, an advice-led wealth manager, appointed Joshua Gennet as head of investments. Gennet has worked in derivative trading, portfolio management, risk analytics, sales, marketing and business management at Morgan Stanley, BNP Paribas, and MSCI over a 25-year career.

Rowan Stone, who worked at atomos in the portfolio management and investment teams, was promoted to investment director to support Gennet. Haig Bathgate, head of investments, phased out his involvement with the business.

Moonfare appointed Sam Attwood as regional head of the UK. Attwood previously worked in client services for Hg Capital.

Evelyn Partners appointed Kate Morrissey, formerly of HSBC, to join its investment management leadership. Morrissey appointed head of asset allocation – a newly formed role – worked for 23 years at HSBC, most recently within HSBC Global Asset Management.

Banque Bonhôte & Cie appointed Kim-Andrée Potvin as its new CEO; she took the reins from Yves de Montmollin. He joined the board of directors, due to become vice-chairman in April. He spent about 10 years in the chief executive role. Potvin, who joined Bonhôte a year ago as its new chief operating officer, led operations for financial institutions from Paris, Geneva and Luxembourg. 

Charles Russell Speechlys opened a new office in Milan. The Italian practice is led by Nicola Saccardo, partner in the private client team in London. Cristiana Felisi, previously of counsel at Maisto e Associati, joined on the ground as a partner and head of the Milan office. Giovanni Angelini also joined from Maisto e Associati as counsel.

Pictet, which has a Zurich-based desk for serving Asian clients, hired three team members, including Xiaodan Predeoehl, its head, from Lombard Odier. Michael R Strasser is based in Zurich; Olive Ma moved to Zurich from Hong Kong.

Union Bancaire Privée appointed Antony Avinash Louis as market head for the Middle East. He is based in Dubai and functionally reports to Mohamed Abdellatif, co-head of Middle East and Africa (MEA) with a local reporting line to Mohamed Shoukry, CEO UBP Middle East.

Hundle, a multi-family office, appointed Nimisha Carver to join its leadership team as general counsel.

Carver has more than 20 years of experience as a qualified solicitor. Carver served as head of investment banking legal at RBC Capital Markets and global COO legal and compliance at UBS.

Universal Investment Group, a fund services platform and Super ManCo, appointed Ronan Doyle as chief product officer. It also promoted André Jaeger as chief risk officer. Both report to group CEO, Francesca McDonagh. 

abrdn introduced a new senior leadership structure. Xavier Meyer, appointed as CEO investments, has almost 25 years’ experience in the asset management industry, working in global executive roles, including 14 years living and working in Asia. Based in the UK, he succeeded Rene Buehlmann, who left abrdn. Richard Wilson, with more than three decades of experience delivering change, became group chief operating officer. David Scott, who served as chief technology officer, retired but continued as chief executive of Interactive Investor.

Julius Baer hired four new relationship managers at its St Gallen location. Selami Oezkan joined from UBS Switzerland. Joshua Braun previously worked for more than 10 years in client advisory at VZ Vermögenszentrum in St Gallen. Thierry Dobler took up the position of relationship manager in St Gallen. He was a senior financial advisor at Raiffeisenbank Frauenfeld from 2015 to 2024. Elia Schärer, who started as a relationship manager in St Gallen, has been with Julius Baer for more than five years. 

Rathbones Asset Management appointed Emma Letheren to join its multi-asset team as an equity research analyst. Letheren is based in London and reports to Rathbones multi-asset portfolios fund manager, Will McIntosh-Whyte and head of multi-asset investing, David Coombs. Previously, she worked for six years in equity research in European consumer staples for RBC Capital Markets. 

Maven Capital Partners appointed Paul Davis as investment manager to lead on deal origination and execution. Davis has more than 17 years’ experience within the business and commercial banking sector. 

Gresham House, a specialist alternative asset manager, appointed Eoin McDonald as global director of natural capital, based in its London office.

Franklin Templeton said Singapore-based Manraj Sekhon, chief investment officer of Templeton Global Investments, joined its global executive committee.

AXA Investment Managers (AXA IM) appointed Ouajnat Karim as new CEO of AXA IM UK, and AXA IM GS. Karim retained some of her current responsibilities as global head of oversight and chief operating office (COO) UK. She had a dual reporting line to Jean-Chistophe Menioux, general secretary and chief financial officer, and Geoffroy Reiss, COO and global head of transversal services for AXA IM Core. Karim took over from Marcello Arona, who pursued an opportunity outside of the business.

Barings appointed Sascha Specketer as managing director, head of distribution for DACH (Germany, Austria and Switzerland). He is based in Munich and reports to Jon Millin, head of UK, EMEA & Asia Pacific distribution. Specketer was head of distribution for DACH & CEE (Central and Eastern Europe) for more than seven years at Invesco Asset Management. 

UK-based law firm Cripps appointed Kitty Sokol as a partner in its private wealth team in the London office. Sokol, who has practised law for 10 years, has a particular focus on private structures, such as trusts, companies, and partnerships. 

Tidan Capital, a Swedish firm, appointed Monique Melis as an independent director on its board of directors.

Schroders Personal Wealth appointed Martin Andrew to join its board as an independent non-executive director. Andrew has over 25 years’ experience in the asset and wealth management industry. Most notably, he spent 14 years as the CEO of Close Brothers Asset Management. SPW also formed new roles: Katie Young is joining as head of commercial, and James Harris became head of advice services and investment engagement.

Syz Capital appointed Ursula Nitschke as head of business development and investor relations. Nitschke has more than two decades of experience in the alternatives and private markets industry.

Hamilton Lane, a private markets investment management firm, appointed Aljoscha Dudek to join its direct equity investments team. He is based in London. Prior to joining Hamilton Lane, Dudek was a director at PSP Investments.

Oberon Investments Group appointed Adam Hughes as head of distribution. Hughes has more than 20 years of industry experience in asset management and distribution strategy.

Canaccord Wealth in the Crown Dependencies appointed Aiysha Prow as a stockbroking director in its Jersey office, reporting to Rob Llewellin, head of Jersey Stockbroking.

DWS pulled together its portfolio management, chief investment officer and economic research units under the leadership of Vincenzo Vedda. Vedda, global head of portfolio management for public markets, who continued to report to CEO Stefan Hoops, was named global CIO. 

Bjoern Jesch, former DWS global CIO, left the firm by mutual agreement. Johannes Mueller, previously head of economic and thought leadership research, became chief economist for DWS, reporting to Vedda.

Denmark-headquartered trading and investment house Saxo appointed Damian Hitchen as regional head of the Asia-Pacific and Europe, Middle East and North Africa businesses. Hitchen had led Saxo’s Middle East and North Africa (MENA) segment since 2021. With Hitchen in place, Mahesh Sethuraman was appointed Singapore CEO of Saxo.

Quilter Cheviot appointed Maurizio Carulli as an equity research analyst. Carulli reports to Chris Beckett, head of equity research. Carulli was previously at Carbon Tracker.

Royal London Asset Management hired Richard Saldanha, Francois de Bruin and Matt Kirby to its join its equity team; it appointed Mike Fox as head of equities.

London-based WHEB Asset Management appointed Hans-Christoph Hirt to join its advisory committee to provide independent oversight and governance on behalf of clients in WHEB’s investment strategy. Hirt has more than 20 years of experience working on corporate governance and shareholder activism and engagement across the financial sector. 

BNP Paribas appointed Juan de Gonzalo as CEO of BNP Paribas Wealth Management in Spain. Most recently, he led the entrepreneurs’ segment at Deutsche Bank. Between 2001 and 2022, he served in various executive roles at UBS. 

Schroders appointed Phil Middleton as UK head. Middleton has a track record of working in the UK market, having spent most of his career based in London. He joined Schroders in 1992. 

Switzerland-headquartered additiv, a digital and fintech business, appointed Pierre Dufauret as the new UK market head and opened a new office in London's Heron Tower. Prior to his new role, Dufauret was an enterprise sales leader for Clearwater Analytics, where he concentrated on acquiring new clients in the UK market. 

Global service provider Hawksford added business development figures to its operations in Ireland, London, Dubai and China. Stephen McCormack joined as business development director, based in Hawksford’s Dublin office. Tommaso Barindelli – previously a member of Hawksford’s Singapore team – rejoined the business as head of business development in the UAE. He was supported by two more Dubai-based appointments – Victoria Salazar, business development associate, and Charlotte Kwok,appointed commercial officer. In London, Peter Fenyves was appointed business development manager. 

The UK-based Wealthtime Group, which comprises the Wealthtime and Wealthtime Classic platforms and DFM Copia Capital, appointed Nick French as commercial director. He has more than 25 years’ experience in wealth management. 

Bordier UK, part of the Swiss private banking group Bordier & Cie, appointed Ian Heap as chief executive officer, subject to approval of the UK’s Financial Conduct Authority (FCA). Heap filled the slot vacated Jamie MacLeod. In the meantime, Jamie Berry, executive chairman, acted ad interim as CEO until a permanent successor was in post.

VP Bank named a new CEO: Urs Monstein. He had held the post ad interim since Paul Arni’s departure in May.

Roger Barmettler, chief financial officer, told its board of directors that he intended to pursue a new professional role outside VP Bank. Barmettler joined VP Bank in January 2020. Mara Harvey, CEO of VP Bank (Switzerland) Ltd and head of the Europe region, left VP Bank for personal reasons. She joined in January 2023 and was responsible for the two locations in Zurich and Luxembourg. 

Blackstone appointed one of its senior figures, Sheila Rapple, as chief operating officer for Private Wealth Solutions, Europe, Middle East and Africa. Rapple, who relocated to London, previously served as global head of investor services within the Private Wealth Solutions Group. Before joining Blackstone in 2011, Rapple worked with Legg Mason.

Cazenove Capital, the wealth management arm of Schroders, appointed Paul Andrew, who joined as wealth planning director for clients in the North of England. He is based in Manchester. Cazenove Capital added five figures to its wealth planning team, headed by James Gladstone. The joiners: Nicholas Irby, wealth planning director, previously at Brewin Dolphin (now a part of RBC), Investec and Stonehage Fleming; chartered financial planner Hana Griffin, formerly of Cavendish Ware and Succession Wealth; Aaron Steel, a CFP, formerly of Quilter Cheviot; Jamie McIntyre, a senior para-planner, who joined from UBS; and Madia Shoukat, client support executive, formerly from Evelyn Partners.

Mercer & Hole, a UK-based firm of chartered accountants, appointed Jo Bateson as a partner. She returned to Mercer and Hole after having trained at the firm and worked as a tax advisor until 2005.

Charles Russell Speechlys appointed Carolyn Steppler as a UK tax consultant in its Zurich office. Steppler is a member of the Institute of Chartered Accountants of England & Wales. During a career spanning more than 25 years, Steppler worked as a wealth planner at Credit Suisse (now UBS), where she was head of wealth planning UK, and the leader of the European wealth planning team pre-merger.

Franklin Templeton appointed George Stephan to the newly-created role of global chief operating officer for its wealth management business for alternative investments. Stephan reports to Adam Spector, the firm’s executive vice president and head of global distribution. Prior to this, Stephan spent five years at Kohlberg Kravis Roberts & Co as the head of strategy and business development for the firm’s global client solutions business.

Asia-Pacific
Raffles Family Office added two former UBS figures to its team; they are based in Hong Kong: Barry Tse, managing director, relationship management, and Cherie Liu, head of marketing and communications. Prior to RFO, Tse was an executive director at UBS, working in client advisory roles and, before that, he was a director at Julius Baer. Liu has more than two decades’ experience in the private banking and investment services sector. Before her new job, she was executive director, marketing, global wealth management at UBS. 

Knight Frank said Shishir Baijal, one of its most senior leaders and a member of the group executive board, would be taking on the additional responsibility of non-exec chair of the Asia-Pacific region from 1 April 2025.

Pictet said it is setting up an Asia desk in Zurich to serve clients from Southeast and North Asia. The group, which serves Asian clients, runs alongside its centres in Singapore and Hong Kong. It hired three team members, including Xiaodan Predeoehl, its head, from Lombard Odier. Michael R Strasser is based in Zurich; Olive Ma moved to Zurich from Hong Kong.

Manulife Wealth and Asset Management said former senior Citigroup figure Fabio Fontainha became its new wealth and asset management head in Asia. Fontainha succeeded Michael Dommermuth, who left at the end of 2024. Manulife Investment Management named Charlie Dutton, an equity investment leader with experience in Asia, as chief investment officer of global emerging market equities.

Manulife Hong Kong and Macau appointed Albert Mak as chief agency officer. He reports to Rishi Srivastava, chief agency officer, Asia, and Ivan Chan, chief distribution officer, Hong Kong and Macau. He joined the firm in 2019. Since January 2023, Mak had led the agency force’s business development and training team. Initiatives include his setting up the wealth planning team, which captures HNW business for the agency channel.

OCBC Bank (Hong Kong) appointed Josephine Lee as the head of consumer financial services. Lee heads the consumer banking and wealth management businesses across Hong Kong SAR and Macau SAR. She reports to Phang Lah Hwa, regional head, global consumer financial services at OCBC and Wang Ke, head of greater China and CEO at OCBC Hong Kong. Lee, who has more than 25 years of banking and wealth management experience, was recently the alternate chief executive of Citibank (Hong Kong) and the head of Hong Kong Citigold and cards and unsecured lending sales. 

An independent non-executive director at Citibank in Hong Kong and China Securities Co, Stephen Po, was named honorary advisor to the Hong Kong Investment Funds Association. Po’s term ends in August. In previous roles, Po was executive director at the Hong Kong Insurance Authority and senior director at the Securities and Futures Commission of Hong Kong.

Saxo appointed Damian Hitchen as regional head of the Asia-Pacific and Europe, Middle East and North Africa businesses. Leading Saxo’s Middle East and North Africa (MENA) segment since 2021, Hitchen has 20 years of experience in the global financial services industry. Before joining Saxo as MENA head, he was the CEO of Swissquote, based in Singapore. Prior to moving to Singapore, Hitchen established Swissquote’s regional MENA business while based in Dubai. With Hitchen in place, Mahesh Sethuraman was appointed Singapore CEO of Saxo. Hitchen and Sethuraman succeeded Adam Reynolds, who stepped down after a decade at Saxo as APAC and Singapore CEO of Saxo.

Fiera Capital, an asset manager, appointed Bradley Bester as director of investor relations, Fiera Capital (Asia). Bester, who joined from a Hong Kong-based alternative asset manager, reports to Joshua Bartlow, managing director and portfolio manager of the ANZ Real Estate Debt strategy, Fiera Capital (Asia).

Morrison, a New Zealand-headquartered infrastructure investment firm, appointed Steven Fitzgerald, currently global head of asset management, as lead operating partner. Fitzgerald had been in his previous role for 13 years. As part of the change, Rachel Drew, who joined the firm 18 years ago, stepped into the global head of asset management job.

Muzinich & Co, the the corporate credit specialist, appointed Sashi Nambiar, a former PGIM senior figure, in the newly-created role of head of financial intermediaries and wealth, Asia. He is based in Singapore and reports to Andrew Tan, chief executive, Asia-Pacific. Nambiar leads the firm’s engagement with private banks and family offices across Asia, including Singapore, Hong Kong, South and Southeast Asia. At PGIM, Nambiar was head of Southeast Asia.

BlackRock named Yoon Pyo Lee as its South Korea head and managing director. Based in Seoul, Lee is responsible for developing and executing a long-term business strategy. He joined from Morgan Stanley Investment Management, where he served as head of South Korea.

EY appointed Joongshik Wang as EY-Parthenon Asia-Pacific leader to oversee developent and growth of EY-Parthenon, the strategy and consulting arm within the EY organisation. Wang is based in Singapore; he retains his role as EY-Parthenon Asean and Singapore leader. Prior to this, Wang was a partner at Kearney Singapore.

Citigroup appointed Jaewon Hwang as head of Citi Commercial Bank (CCB) for Korea. Hwang reports to MS Yoo, chief country officer, Citi Korea and Gunjan Kalra, head of Citi Commercial Bank for Japan, Asia North, Australia and Asia South clusters.

Swiss private banking group Compagnie Bancaire Helvétique  appointed former LGT senior figure Enid Yip as the new CEO of its Asia subsidiary. Yip is based in Hong Kong. 

Patrick Wong, who has overseen the Asia business since 2017, was appointed deputy CEO. Wong continues to manage operations, regulatory and compliance, and IT, while Yip focuses on enhancing the firm’s client offering and driving business development. Yip, who was most recently with LGT, has more than 25 years of experience in wealth management institutions in Asia. Prior to LGT, where she served as its CEO, she was a member of the board at Bank J Safra Sarasin.

Amundi appointed Florian Neto as head of investment, Asia. Based in Hong Kong, he is responsible for overseeing Amundi’s investment activities across the region, excluding Japan. Neto remains directly responsible for Amundi’s multi asset platform in Asia. From 2022, he was head of investment, Hong Kong and Taiwan and head of multi asset, Asia.

Vistra appointed Chris Collins as chief corporate development officer. Collins, based in Singapore, joined Vistra in 2023 as global head of M&A to lead the establishment of Vistra’s M&A function, including deal sourcing, execution, integration and value creation. 

Franklin Templeton said Singapore-based Manraj Sekhon, chief investment officer of Templeton Global Investments, joined its global executive committee. Sekhon works with US-based Jenny Johnson, president and CEO, Terrence Murphy, EVP and head of public markets, and other members of Franklin Templeton’s team.

North America|

CommunifyFincentric, a fintech firm, appointed former InvestCloud senior figure Jennie Wang as chief client solutions officer. Most recently Wang, a technology and product leader, was chief experience officer for InvestCloud.

Citi Wealth, part of Citigroup, appointed Kate Moore as chief investment officer, reporting to Andy Sieg, who is head of wealth. Steven Wieting, who had been interim CIO, became chief investment strategist and economist inside the CIO organization of the US bank. Wieting previously held the CIS and economist position before taking on the interim role. Moore joined from BlackRock, where she most recently served as head of thematic strategy.

Former Citi Private Bank figures, Lauren Stuhmer and Phillip Edwards, joined Bank of America Private Bank in Palm Beach.

Bart Schulte joined Cetera Investment Advisors, using its RIA Blueprint platform to support his business as an investment advisor representative. Schulte, in the financial services sector for 24 years, is based in Camdenton, Missouri.

B Capital, an international investment firm, appointed Timur Akazhanov as general partner. Akazhanov is based in New York and partners on strategy with Sami Ahmad, GP and deputy chief investment officer. Previously, he was a managing director at H I G Capital, where he focused on technology and tech-enabled services.

Newport Beach-headquartered Beacon Pointe Advisors hired former Advisor Group (now called Osaic) figure Jon Frojen as its new chief financial officer. Since 1985, Frojen held leadership positions, including CFO, vice president and managing director, across various companies. The previous CFO was John Gray, who is now the firm's chief accounting officer.

Elevation Point, a wealth management firm that also works as a partner for RIAs and advisors seeking independence, appointed Jenna Bloomgarden as head of marketing and advisor experience. It also named Brian R Terraciano as head of operations. Previously, Bloomgarden served as director of marketing and advisor development at Summit Financial. Terraciano was previously senior director, wealth solutions middle office at BNY Pershing. 

EP Wealth Advisors appointed veteran wealth industry figure Jorge Bernal as chief operating officer. Bernal, based in the firm’s Seattle office, has more than 30 years of experience leading advisors and other client-facing and support functions. Prior to this, Bernal was COO and head of wealth management at SageView Advisory Group.

UBS Wealth Management appointed Ryan Lurie, an Accredited Portfolio Management Advisor™ (APMA™), to head the firm’s Arizona offices. Lurie is based in the Scottsdale office. He reports to Justin Frame, UBS market executive for the Pacific Desert market.

State Street elected Patricia Halliday, a senior figure in the sector, to join its board of directors. Halliday has more than three decades of financial services experience across a range of organizations covering investment, corporate and retail banking, and across markets in the UK, Europe and the US. 

RBC Wealth Management in the US welcomed Julie-Anne Lewis to its Tysons, Virginia branch. Lewis, who was registered with Kestra Private Wealth Services, directs Middleburg Wealth Management at RBC Wealth Management.

The organization also welcomed The Quarry Lake Group in Maryland. The team, which joined from Morgan Stanley, includes Avigail Rosemore, managing director – financial advisor, senior portfolio manager; Avi Greenlinger, MD, financial advisor, SPM; Aaron Forker, associate vice president, senior financial associate; Yitzi Teichman, AVP, financial advisor; Alan Wolfe, AVP, senior business associate; and Sharon Wunder, branch service manager.

Pennsylvania-headquartered private markets investment manager Hamilton Lane expanded its direct equity investment team. Nelda Chang, Kyle McGinnis and Jenny Zhang are based at Hamilton Lane’s headquarters in Conshohocken. Prior to joining Hamilton Lane, Chang was a principal at GCM Grosvenor, responsible for evaluating and executing private equity co-investments. She previously served in roles at Headlands Capital and American Securities. McGinnis was at Onex Partners, where he served as a principal, responsible for the evaluation and execution of private equity investments. Zhang joined from Two Sigma, where she was a vice president on the private equity team.

Benjamin Kalter has joined the firm’s impact investment team, where he deals with the origination, evaluation and management of direct equity impact transactions. Kalter served as a vice president on the private equity impact investing team at Nuveen, executing growth equity investments across developed and developing markets. He is based in Conshohocken and reports to Dave Helgerson, head of impact investments. Based in London, Aljoscha Dudek was appointed as principal in the firm’s direct equity investments team. Chang, McGinnis, Zhang and Dudek all report to Ken Binick, co-head of direct equity investments. 

Nasdaq-listed Principal Financial Group appointed president and chief operating officer Deanna Strable as its next president and CEO. Strable succeeded Dan Houston, who continued to serve as executive chair of the board. Prior to her president and COO role, Strable was its chief financial officer from 2017 to 2024.

Wealth|KC brought in financial advisor Lucas Fender to join its practice. Fender worked for nine years at Edward Jones.

Key Family Wealth, the multi-family office division of Key Private Bank, appointed Lisa Maurer, Nilufar Barak, and John Jezowski to join its team. They report to Doug Banbury, head of Key Family Wealth’s client development and strategy business.  

Maurer serves as the primary point of contact for all new UNHW opportunities (clients with greater than $25 million in overall net worth) nationally working with KeyBank’s institutional banking partners to identify, develop, and lead family relationships. She is based in KeyBank’s Boston office.

With more than 20 years of experience in serving UHNW clients, Maurer was the head of multiple single family offices; she also worked as a senior family office executive at Citi Private Bank and UBS Financial Services in New York City. Barak works with regional Key Private Bank and Key Commercial Bank colleagues. She is based in the firm’s New York City office. Barak joined from Morgan Stanley, where she served UHNW and HNW families in a variety of capacities during her 15-year tenure. Jezowski, at Key Private Bank for four years, was named as a family wealth strategist and is based in the bank’s Hartford, Connecticut office. Prior to this, Jezowski served as a senior wealth advisor with Key Private Bank. 

The CEO of Cetera Financial Group, aka Cetera, Adam Antoniades, stood down, completing more than three decades at the firm and its affiliated organizations. He was in the post for over 10 years. Antoniades continues to serve on Cetera’s board of directors. Mike Durbin, CEO of Cetera Holdings – the parent organization – retained that role and became chief executive of Cetera Financial Group.

Cyndeo Wealth Partners, based in St Petersburg, Florida, welcomed Shawn Jiles as a Central Florida-based advisor. Before this, Jiles was a private wealth advisor and partner at Bison Wealth, a firm operating in Orlando. 

Raymond James appointed Tampa, Florida-based financial advisor Paul Elliott to join its independent advisor channel. Elliott. who founded Iron Rock Wealth Management, serves clients such as families, business owners, pre-retirees and retirees, as well as corporate retirement plans. Elliott had managed about $105 million in client assets at Edward Jones. 

Former Morgan Stanley financial advisors Dale Grubb, Matthew Grubb, and Corbin Hoffner, who managed more than $514 million in assets, joined the employee advisor channel of Raymond James. Based in Sebring, Florida, they were joined by practice business manager Joella Libero and senior client service associate Leighann Hylan. 

Infranity, an infrastructure specialist investor, part of Italy-headquartered Generali Investments, bolstered its presence in North America. It opened its first office in New York and appointed three new experts in that market. It hired Paul Colatrella, Katherine McElroy, and William Kim who have been active on the strategy Infranity pursues in North America.

Franklin Templeton appointed George Stephan to the newly-created role of global chief operating officer for its wealth management business for alternative investments. Stephan reports to Adam Spector, the firm’s executive vice president and head of global distribution. Prior to this, Stephan spent five years at Kohlberg Kravis Roberts & Co as the head of strategy and business development for the firm’s global client solutions business.

Compound Planning, a digital family office based in New York, added a team of five financial advisors: Mark Patzer; Alec Montoya; Todd Rowe; Joe Perna; and Scott Hedgcock.