March was a busy month for moves across the world's private banking and wealth industries.

UK moves
Iain Cunningham, a fund manager within Schroders' multi-asset investments and portfolio solutions (MAPS) team, stepped down to pursue external opportunities. The firm also saw the departure of Jamie Lowry, its European Equity Alpha fund manager. Cunningham, who joined the firm in 2007, has been running the Schroder Multi-Asset Income, Schroder ISF Global Multi-Asset Allocation and Schroder ISF Global Multi-Asset Income funds.

Investment manager Neil Clark left Rathbones' Aberdeen office after more than three years at the firm. Clark, who joined the firm in late 2012, previously spent a decade as investment manager at Blackadders Solicitors in Dundee. Prior to that, he was trainee investment manager with the Central Finance Board of the Methodist Church.

Standard Life appointed Lan Tu to the newly-created role of strategy director. Most recently, Tu served as chairperson at American Express Advanced Services Europe. He was also board director at American Express Payment Services Europe. He reports to Keith Skeoch, chief executive of Standard Life, who took the reins from David Nish last year. Nish joined the board of HSBC as independent non-executive director. Nish served as CEO of Standard Life between 2010 and 2015, having originally joined as group finance director in 2006.

Thesis Asset Management added Mike Hughes to its board as non-executive director, a newly-created role. Hughes joined from the wealth management platform Novia Global, where he was head of sales and marketing. 

Tilney Bestinvest hired Alan Edwards from Julius Baer as head of investment management for England. In the newly-created role, Edwards is in charge of Tilney's investment management teams based in London, Liverpool and Birmingham. Based in Liverpool, he sits on the group’s executive board. Edwards joined from Julius Baer where he was managing director. He previously held senior roles at Barclays Wealth, Coutts and HSBC.

London-listed Walker Crips appointed Peter Land, David Hanrahan and Alan Holton as investment managers in three newly-created positions. They joined from Brewin Dolphin and are based in the firm's London head office.

Stonehage Fleming appointed Graham Wainer as chief executive and head of investments of its investment management division in London. Meanwhile, Ian Marsh, who was deputy CEO of Stonehage Fleming Investment Management, left the firm. His role is not being replaced. Marsh, who joined Stonehage Fleming in 2012, was previously at Credit Suisse for 20 years, latterly at its UK private bank. Wainer previously held a variety of senior roles at GAM, which he joined in 1998, most recently as group head of investments – multi-asset class solutions.

Cyrus Investment Management, a UK investment advisor, hired Stuart Lawrence in the newly created role of strategic investment manager, as well as managing director of Rhino Doors, a UK high security door manufacturer and a CIM investee company. Lawrence joined the two firms from CNIM, a French multinational engineering company, where he focused on nuclear and defence sectors. Prior to this, he was managing director of Rhino’s largest competitor, Booth Industries, according to a statement from CIM. 

London-based Square Mile Investment Consulting and Research appointed Mike Moore as client relationship manager. Moore previously spent eight years at AXA Investment Managers, where he oversaw strategic partnerships across the North of England, Ireland and Scotland. He brings 27 years of industry experience.

Osborne Clarke hired Andrew Dickson as a senior associate within its international private client practice. Based in London, Dickson joined from Fladgate where he was an associate in the tax team. He specialises in tax and estate planning for individuals and families based in the UK and abroad. He advises clients with assets held across jurisdictions and works with clients on private wealth issues arising when relocating to or leaving the UK. Osborne Clarke launched its international private client practice in January 2015.

Seneca Investment Managers, a UK business, appointed Cathy Growney as marketing manager, a newly-created role. Growney joined the Liverpool-headquartered business after 13 years with JLT Employee Benefits, where she was responsible for the marketing aspects of the investment consulting team. She has also previously held managerial positions at BWD Rensburg and Dresdner RCM Global Investors, according to a statement from Seneca.

Close Brothers Asset Management appointed family lawyer Josephine Fay to its business development team in London. Fay previously worked at Farrer & Co on a wide range of family matters. At CBAM, she works with legal firms and barristers, supporting the proposition for clients going through divorce. She reports to Shirley Coe, the firm's recently appointed director of the business development team, and Penny Lovell, head of private client services.

Redington, a UK-based independent investment consultanty, appointed Mitesh Sheth as chief executive of the company,. Sheth had served as Redington’s managing director, where he led business development communications and digital marketing teams. He started at the company as a director of strategy in 2013. Previously, he worked as head of fixed income at Henderson Global Investors.  

HSBC is searching for a new group chairman to replace Douglas Flint. Flint, who has chaired the bank since 2010, has been a member of the HSBC Bank board since 1995, when he joined as group finance director. His successor, which the group aims to appoint next year, will help select the next chief executive to replace Stuart Gulliver. Gulliver, who has been at HSBC since 1980 and was appointed to the helm in 2011, has already signalled his plans to leave in two years' time.

Quilter Cheviot, part of the UK's Old Mutual Wealth, appointed Adam Hughes as investment director within its Salisbury office. Hughes joined after 20 years with Ashcourt Rowan, where he led the firm's managed portfolio service and sat on the asset allocation and investment committee. He left Ashcourt Rowan in July 2015.

Distribution Technology hired Tim Davis as director, financial advice and wealth firms; Matt Noble as client director in the financial institutions team; and Nigel Murphy within its marketing team.

Ashburton Investments promoted Jonathan Schiessl to the newly-created position of chief investment officer within its international investment team. Schiessl, previously head of equities, took take on responsibility for the firm's global investment fund range and portfolio management services. He joined Ashburton in 2000 and is a director of its Jersey business. He is also lead fund manager of the Ashburton India Equity Opportunities Fund, which he will continue to manage.

Meanwhle, Derry Pickford and Marianna Georgakopoulou were appointed joint heads of the asset allocation team in London, replacing Tristan Hanson. Georgakopoulou, who joined the firm recently as multi-asset strategist, took over portfolio responsibility for asset management funds. Pickford, a macro analyst who joined in 2011, manages global multi-asset funds.

HSBC Private Bank appointed Stephen Skelly as head of wealth planning, UK, Continental Europe, Middle East and North Africa, and Russell Prior as head of family governance and family enterprise succession for the UK. Skelly, who joined the group in 2008, was most recently head of private wealth solutions for Europe at HSBC Private Bank. Previously, he served as global chief executive of Rothschild Trust and global head of wealth structuring at Barclays Wealth. 

Skelly's remit covers succession planning, wealth structuring, family governance and philanthropy services. He is also the regional head of family governance and family enterprise succession for the UK and CEMEA. Prior has been HSBC Private Bank's head of philanthropy for the UK and CEMEA, a role retains. Before HSBC, he was executive director at the Charities Aid Foundation and director at Barclays. In their newly-created roles, both Skelly and Prior are based in London.

Kames Capital hired Hari Patel as business development consultant. Patel joined from Jupiter Asset Management. There, he was investment sales manager, responsible for selling single strategy, multi-asset and multi-manager funds to advisory businesses in the UK. He was previously senior client manager at trading group CMC Markets. Patel is based in London, reporting to Mark Savage, head of regional sales at Kames.

Candriam Investors Group, part of New York Life Investment Management, hired Pictet's Fawzy Salarbux in the newly-created role of head of consultant relations. Based in London, Salarbux  oversees Candriam’s relationships with the investment consulting sector globally. He joined from Pictet Asset Management where he was head of global consultant relations. He has over 15 years of sector experience, having also worked as an investment consultant at Mercer and Aon Hewitt in London. 

Hargreave Hale hired Karen Smith as an investment manager at its Worcester office. Smith joined from EFG Harris Allday where she was investment director. She has over 10 years of investment management experience, having started her career in Brewin Dolphin’s Edinburgh office in 2000. The role is newly created.

Brown Shipley appointed Don Smith as its new chief investment officer and Alex Brandreth as deputy CIO. Smith, who joined the firm in October last year as deputy CIO, replaced Kevin Doran, who as previously announced has been appointed group head of research and strategy at Brown Shipley's parent company, KBL European Private Bankers. Brandreth, who joined Brown Shipley in 2010, had been senior fund manager and head of structured products. Smith and Brandreth, both based in Manchester, will continue to work with Doran in his new role with KBL.

Jeremy Brown, a managing director within Kleinwort Benson's private wealth management team, left the bank. Brown had been at the firm for five years. The bank isn’t seeking a replacement.

Kames Capital appointed John Deare, who previously helped to run the firm’s Property Income Fund, as co-manager on its Active Value Open Ended Fund. He is based in London. Deare joined Kames in 2011 from commercial property and real estate services advisor CBRE, where he was an associate director in the hotels capital markets team. In his new role, Deare will work with existing co-manager Helen Batten. He reports to David Wise, investment director at Kames. 

M&G Investments hired Tristan Hanson in the newly-created post of fund manager within its multi-asset team. Hanson joined from Ashburton Investments, where he was head of asset allocation with responsibility for global multi-asset funds. He has 15 years’ experience in asset management.

UK law firm Howard Kennedy hired Philip Vickery as senior associate. He previously worked at Bishop & Sewell where he was a senior associate in its private wealth practice, advising both individuals and businesses. He has spent 25 years as a tax solicitor with a focus on private client, corporate tax and real estate matters.

Fintech firm JHC Systems appointed John Boggis as head of sales, replacing Eric Dickinson who left last year. Based in London, Boggis has almost 20 years of financial industry experience, having most recently served as head of sales for Europe, the Middle East and Africa, as well as the Asia-Pacific region at Eagle Investment Systems, part of the Bank of New York Mellon. Prior to that, he was the company’s vice president, regional sales director for Europe. He has also held senior sales positions at SimCorp, FactSet and Thomson Financial.

Gresham House hired Richard Davidson to chair the investment committee of its forestry management subsidiary, Aitchesse. Davidson has over 25 years of fund management experience. Previously, he was partner at Lansdowne Partners and manager of Morgan Stanley Investment Management's $7 billion global asset allocation fund. There, he also served as chief investment officer and chief European equity strategist. He has also held investment strategy consultant roles at Aubrey Capital Management and Rivercrest Capital. Davidson became the lead fund manager of the new Gresham House Forestry Fund, working alongside Aitchesse founder, Digby Guy. The fund is aimed at family office, institutional and professional investors.

Openwork, the network of UK financial advisors, appointed Neil Milner as chief operating officer. Milner joined from Halfords, the car maintenance and cycling retailer, where he was head of programmes. Prior to joining Halfords, Milner was IT director for the National Trust between 2011 and 2013, where he was responsible for re-building its entire IT function and running its IT operations. He has also held senior positions at Travelodge Hotels and DSGi.

Druces, a law firm based in London’s City financial district, created an international wealth and fiduciary practice, hiring two partners as part of the process. Robert Macro and Neil Morris joined from a top-100 law firm’s private client team, where they were both partners.

Macro previously worked at Penningtons Manches as a partner in the private client team. Macro acts for trustee companies around the world with an emphasis on trustees based in the BVI, Switzerland, Mauritius, Guernsey, Jersey and the Isle of Man. For the past 16 years he has been involved in prominent issues such as helping clients caught up in the HSBC data theft in Switzerland and dealing with issues for fiduciaries drawn into litigation with a new government of a Middle Eastern state after the “Arab Spring”. Morris has worked for 39 years in UK and international estate succession trust and tax planning. He advises trust companies and high net worth clients, including many entrepreneurs and high profile media clients, on international tax planning. 

Russell Investments hired Fons Lute as client portfolio manager. Lute has over 30 years of industry experience, having most recently worked at BlackRock as a managing director within the firm's multi asset team in the UK. He has also held senior roles in the Netherlands, including positions at PGGM Investments, Fortis Investments and Blue Sky Group, where he was chief investment officer and head of investment strategy research. In the newly-created role, Lute advises clients across Northern Europe on their multi-asset investment strategies. Initially, he is based in London and is due to switch to Amsterdam.

Bank of London and The Middle East appointed Jabra Ghandour as its new chief executive and board member as part of its wealth management growth drive. The appointment comes just six months after his predecessor took the helm. Ghandour, who has 30 years of industry experience, joined BLME late last year. He previously spent 13 years at the National Bank of Kuwait Group, latterly as managing director and board member at the International Bank of Qatar.

UK wealth management boutique EQ Investors appointed Mike Neumann, a 25-year veteran of the industry, as head of investment management. Neumann focuses on investment strategies for the firm’s EQ Bespoke clients, with responsibility across all areas of solution design, management and client delivery. In his previous role, Neumann was director of investment management at Tilney Bestinvest.

Thomas Miller Investment, the UK firm, appointed Christopher Coles as a business development executive, a newly-created position. Coles arrived from Ashcourt Rowan, another UK wealth management firm, where he was client servicing manager responsible for the firm’s intermediary and managed portfolio services.

Investcorp appointed Neil Hasson as managing director to spearhead its European real estate investment initiative. Hasson has almost 30 years' experience in real estate investment, having previously served as senior managing director at Macquarie Group, responsible for the firm's European real estate lending business. Prior to this, he spent seven years at Citi Property Investors, where he was head of Europe and chief investment officer of CPI Capital Partners Europe, a €1.15 billion ($1.27 billion) pan-European real estate fund. In his new role, he is based in London.

Ascot Lloyd, the independent financial advisor firm, appointed Patrick Muir as non-executive director. Muir, who has over 20 years’ financial services marketing experience, serves on the board of the National Counties Building Society, and holds director roles at Global Ethics Financial Services and Agency Mobile London. He also leads his own marketing consultancy, advising on a range of financial and professional services strategic projects. His previous roles include chief marketing officer for Citi UK consumer and Egg banking.

Brown Shipley, the UK private bank, made two senior appointments, recruiting Alan Evans and Greg Mackie, from Royal Bank of Scotland and Towry respectively, to its investment management and wealth planning teams.

Rothschild appointed Katharine Brace as a director in its wealth management business, based in London. Prior to joining Rothschild, Brace had worked as an associate director in the media and entertainment team of HSBC Private Bank since August 2011. Previously, she worked for Barclays Wealth from 2008 to 2011 with a focus on clients in sports, media and entertainment.

Richmond-based Cult Wines appointed Lukasz Kolodziejczyk as head of fine wine, a newly-created position. Kolodziejczyk provided consultancy services to the firm's global private client base, advising on home wine cellars, while evaluating and appraising existing collections. He will also arrange events and help to boost on-trade sales. He has a decade of working in the hospitality sector.

Rowan Dartington appointed industry luminary John Betteridge as its chief investment officer. Betteridge, who has been at Rowan Dartington since September 2014, oversees the discretionary wealth manager’s asset allocation strategy for private clients and advisors across the business’s different entities. In his previous role at the firm, he was non-executive director and chairman of the asset allocation committee.

Aviva Investors' head of multi-manager research, Ian Aylward, left the company after a five-year stint. Aylward joined the firm in 2011 from Skandia Investment Group. In his role, he managed a range of multi-manager products, comprising both long only and alternative funds. He was previously head of alternatives research.

As part of a team build-out in Edinburgh, Henderson Global Investors hired Stephen Deane as a senior portfolio manager to work alongside Glen Finegan, head of emerging markets equities. Deane joined after five years at Stewart Investors, where he worked as an analyst and co-manager of the worldwide equity funds. There, he was responsible for generating ideas for global, emerging markets and Asian portfolios. He previously worked at Accenture.

Akshaya Bhargava, Barclays' chief executive for wealth and investment management, expanded his role to include offshore clients and small businesses with a turnover of under £6.5 million ($9.2 million). Bhargava remains at the helm of wealth management businesses forming parts of Barclays' two new core divisions, Barclays UK and Barclays Corporate and International. He reports to Ashok Vaswani, who was previously CEO for personal and corporate banking and now leads Barclays UK. 

Old Mutual Global Investors' former chief executive, Julian Ide, was appointed CEO of Source UK Services. Ide has over 25 years' financial services experience, having most recently served as CEO at Old Mutual Global Investors between 2011 and August 2015. He left the firm as part of a management shake-up at OMGI's parent company, Old Mutual Wealth, following the launch of a new investment division.

Braveheart Investment Group saw the departure of non-executive director Martin Bowles. Bowles, who joined the board in October 2014, established angel investment company Horatio Investments six years ago. He previously worked at UK wealth manager Hargreaves Lansdown.

Sarasin & Partners promoted fund manager Lucy Walker to head of third party funds, replacing Sam Jeffries. Walker, who joined Sarasin & Partners in 2011 as third party fund analyst, became associate partner of the firm in 2014. She was previously an analyst within HSBC Global Asset Management's multi-manager team. In her new role, she works alongside Jamie Fletcher and Alistair Campbell who were recently promoted to deputy fund managers on the fund of funds range. Jeffries remained with the firm as fund director.

Former Barclays Wealth Scotland head Mark Little joined Tcam as its new investment director. Little, who works in the firm’s Edinburgh office, left Barclays Wealth at the end of 2013 following a restructure of the bank's regional offices. He headed up the firm's Scotland and Northern Ireland offices since 2005, managing 120 staff in four offices across the UK, and responsible for £4 billion ($5.6 billion) of private client funds.

Legal & General Investment Management hired Rhodri Mason as head of product, a newly-created role. Mason joined from Hermes Investment Management, where he was head of investment solutions and product strategy since November 2012. 

Philip Johnson left Jupiter's executive committee as he prepared to step down as chief financial officer. Jupiter joined the company in 2009, having previously served as finance director at M&G.

S W Mitchell, the European equity funds specialist, named Hugh Grootenhuis as its new special advisor and a director of S W Mitchell Capital, the firm’s Irish UCITS fund company. Grootenhuis was formerly chief executive of Waverton Investment Management and predecessor J O Hambro Investment Management from 2009 to 2015. Prior to joining Waverton, he worked for the Schroder Banking Group for sixteen years in London, Tokyo and Singapore.

JP Morgan Asset Management appointed Dale Erdei as head of advisor sales within its UK funds business, replacing Mike Parsons who left the firm in January. Previously, Erdei worked within JPMAM’s US funds team where he was divisional sales manager for the wealth management business since 2010. In his new role, Erdei moved from Chicago to London to lead client relationship development to independent financial advisors in the UK. He reports to Jasper Berens, head of UK funds. 

Defaqto, the UK financial research company, named Chris Samuel as its new non-executive chairman. Samuel was previously chief executive at Ignis Asset Management, serving in the post from 2009 until its acquisition by Standard Life in 2014. Prior to this he held executive board positions in a variety of asset management businesses including Gartmore, Hill Samuel Asset Management and Cambridge Place Investment Management.

BNP Paribas, France’s largest bank, appointed L Bryan Carter as head of emerging markets fixed income. Carter moved from Boston to take up the role in London. Carter arrived from Acadian Asset Management in Boston, where he was lead portfolio manager for benchmark relative and absolute return fixed income strategies. Prior to joining Acadian in 2007, Carter spent four years as an international economist, first at the US Treasury Department and then at T Rowe Price Associates.

Anderson Strathern Asset Management hired Donald Barlow as senior investment manager. Barlow has 18 years of experience in the financial services industry, having most recently served as investment writer at Standard Life Investments. He previously served as senior research analyst and investment manager at Martin Currie. 

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Switzerland

The global head of Credit Suisse Asset Management, Bob Jain, is leaving this part of the Zurich-listed lender to become co-chief investment officer at Millennium Management, a US firm, according to media reports. Jain, who joined Credit Suisse in 1996, will leave the bank at the end of June, the FT reported.

Also at Credit Suisse, Lars van den Bosch returned as head of human resources for the international wealth management division. He was previously head of human resources, managing director, at Julius Baer from February 2015. From February 2014 to January 2015, he was head of Credit Suisse's Singapore booking centre, private banking, and before that, head of international wealth management, Singapore, at the private bank.

Lombard Odier Investment Managers hired Thomas Breitenmoser as head of sales in Zurich, a newly-created role. He joined from Zürcher Kantonalbank where he served as head of asset management sales following the integration of Swisscanto Asset Management. He is responsible for driving Lombard Odier IM’s presence in German speaking Switzerland. Reporting to Carolina Minio-Paluello, global head of sales, he oversees the sales team across institutional, wholesale and third party distribution channels.

Ann Almeida, a former group managing director of human resources and corporate sustainability at HSBC, was nominated to join Julius Baer’s board of directors. Almeida spent 23 years at HSBC. She holds senior advisory positions and directorships as Jadwa Investments, Fair Capital, and the Axiata Group.

The founder and chairman of Geneva-headquartered Union Bancaire Privée, Edgar De Picciotto, passed away at the age of 86. De Picciotto founded Compagnie de Banque et d’Investissements in Geneva in 1969, which was one of the first companies to recognize the potential of hedge funds for investors (source: Bloomberg). Following a merger, that business eventually became UBP.

Yak Yew Chee, who had been a relationship manager for 1MDB Global Investments, part of 1Malaysia Development Berhad, left Switzerland-headquartered BSI, according to media reports. The news came amid continued controversy surrounding alleged corruption at the state-run 1MDB fund of Malaysia. According to Bloomberg, Yak's accounts were frozen by Singapore authorities in September and he has been questioned as part of the city-state's 1MDB inquiry.

Rajiv Jain, chief investment officer of Vontobel Asset Management's quality growth boutique, resigned and will be replaced by his deputy, Matthew Benkendorf, when he steps down at the end of May. Benkendorf joined Vontobel Asset Management back in 1999 and became senior portfolio manager in 2008. Following Jain's departure, he will become lead portfolio manager of Vontobel’s flagship global equity, EAFE (Europe, Australasia and Far East), and emerging market equity strategies. The firm also appointed Donny Kranson to take over as lead European portfolio manager and Brian Bandsma as lead Far East portfolio manager.

International headhunting firm AP Executive appointed Robin McGhee, a specialist in the trusts sector, as executive consultant in Geneva. He has been involved in the Society of Trust and Estate of Practitioners/CLT Diploma programme since its inception, and is is the author of several text books on offshore trust law and company administration. McGhee is responsible for recruiting mid to senior-level management professionals in Geneva and the Suisse Romande region.

Europe

Deutsche Bank appointed Florian Drinhausen as chief governance officer, replacing Daniela Weber-Rey, who left after three years at the Frankfurt-listed bank to pursue other opportunities. Drinhausen joined the bank in 2014 as regional co-general counsel for Germany. He was previously a partner at Linklaters for ten years, with responsibility for corporate governance and mergers and acquisitions.

In other executive moves at Deutsche, René Keller was appointed chief information officer of the private, wealth and commercial clients division. He is currently group CIO at Deutsche Börse, a marketplace operator for securities trading, and will assume his new role in June, succeeding Wolfgang Gaertner who retired at the end of November last year. Based in Eschborn, Germany, Keller will report to Deutsche Bank's group chief operating officer Kim Hammonds.

Ashburton Investments promoted Jonathan Schiessl, a director of its Jersey business, to the newly-created position of chief investment officer within its international investment team. Schiessl, who joined Ashburton in 2000, is now responsible for the firm's global investment fund range and portfolio management services. He continues on as lead fund manager of the Ashburton India Equity Opportunities Fund.

Capital Group, the Los Angeles-headquartered investment firm, opened an office in Amsterdam and appointed Martin Hofmanof as country marketing manager for the Benelux and Nordics regions. He joined from Columbia Threadneedle Investments, where he led institutional marketing activities in Europe, the Middle East and Africa.

Societe Generale Securities Services, part of Societe Generale, appointed Olivier Aprile as head of institutional sales in France. Based in Paris, Aprile, who was previously head of sales at Caceis, reports to the firm's country head of sales, Jean-François Marchand.

Stockholm-headquartered Nordea appointed Thorben Sander, its Luxembourg chief executive and international private banking head, as its new head of private banking, replacing Snorre Storset, who as of February became the group's head of wealth management. Sander will remain head of international private banking and CEO of Nordea Bank in Luxembourg until a replacement has been found. In his new role, he leads the group's private banking units in Denmark, Finland, Norway, Sweden and Luxembourg.

Germany's Allianz appointed Jacqueline Hunt and Günther Thallinger to its management board. Hunt previously headed up Prudential for the UK, Europe and Africa from 2013 to 2015. She will be based in Munich and will head up the group’s asset management and US life insurance divisions, joining the board in July. She succeeds Jay Ralph, who will leave at the end of June. Thallinger, currently CEO of Allianz Investment Management, will assume responsibility for Allianz’s global life and health business, succeeding Maximilian Zimmerer who will retire at the end of 2016. Thallinger, who joined Allianz in 2009 from McKinsey, will become the youngest member to join the board in January next year.

Amundi appointed Eric Wohleber as head of real and alternative asset sales. Wohleber previously led the iShares sales team at BlackRock since 2009. he is based in Paris.

Credit Suisse appointed Bruno Angles as chief executive for France and Belgium, replacing Pierre Fleuriot, who held the role for six years. In 2007, he joined the Macquarie Infrastructure and Real Assets investment fund, where he successively served as senior vice president and president of France. During his mandate, he was chosen to represent the interests of all the toll-road operators during negotiations with the French government in late 2014. He is based in Paris.

Steven Hellman, Credit Suisse's chief executive for Russia and the Commonwealth of Independent States, stepped down and was replaced by Dimitri Kushaev, the group's private banking CEO for Russia. Hellman, who originally joined Credit Suisse in 1997, took the helm in Russia in 2010.

French investment house NewAlpha AM appointed Driss Lamrani as global strategist, based in Paris. Lamrani was previously advisor and deputy to GLG Partners' chief investment strategist. He forecasted monetary policy, political and geopolitical events and designed investment portfolios for the firm's global macro and emerging markets funds.
 

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Middle East

Michael Chahine, who was general manager, private banking at Emirates NBD in Dubai from January 2014, left the bank, according to his LinkedIn profile. From September 2011 to December 2013, he was deputy general manager, wealth management at the bank’s Dubai head office.

International

Investec hired Maps Maponyane, a South African model, television presenter, actor and entrepreneur, as brand ambassador for its private banking arm. His appointment came after he took part in a video the London and Johannesburg-listed group released to introduce young professionals to Investec Private Banking at the start of their careers.

Standard Bank appointed Will Thorp as chief executive of its offshore business, replacing Mark Hucker. In his new role, he leads the bank's offshore business in Jersey, Isle of Man and Mauritius, as well as distribution and support teams in London and Johannesburg. Thorp, who has worked at the bank for the last 14 years, will retain his roles of CEO of Standard Bank Jersey and island head – Jersey, which he took on in 2014.

CS Global Partners, the legal advisory firm specialising in citizenship and residence solutions, appointed Benedict Popo as managing partner of its recently opened office in Lagos, Nigeria. Popo was founding director of Invest UK (West Africa). After roles at HSBC and Access Private Bank, he ran his own private wealth consultancy, providing family office services to West African high net worth clients.

Offshore law firm Ogier appointed Frasier Allister as an associate within its private client team in the Caribbean. Allister, who previously worked in the private client and trust team of HBJ Gateley in Edinburgh, Scotland, focuses on the establishment and operation of trust structures and the relocation of individuals and business to the Cayman Islands.

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Asia-Pacific

T Rowe Price appointed Naoyuki Honda as country head for Japan, a new position. Honda is also representative of Japan for the company. Shonei Shigeta previously served as representative of Japan but will remain in the company as senior manager, global client operations in Japan. Previously, Honda served as managing director of Mitsubishi UFJ Morgan Stanley PB securities. He also spent two decades in senior management roles at Merrill Lynch.

One of the main regulatory authorities in Hong Kong appointed Thomas Atkinson, the head of enforcement at Ontario Securities Commission in Canada, to take on an equivalent role in the Asian jurisdiction at the Hong Kong Securities and Futures Commission. Atkinson takes over from Mark Steward, who left in September to join the UK's Financial Conduct Authority. His term of office runs for three years.

Tho Gea Hong was appointed as the new head of wealth management, Southeast Asia, at RBC Wealth Management, based in Singapore. Gea Hong previously worked at EFG Private Bank, where she was head of private banking for Southeast Asia and deputy CEO for Singapore, a position held from August 2012. Prior to that, Gea Hong was at Merrill Lynch International Bank from November 2004 to July 2012.
The chief operating officer of Australia-headquartered AMP Capital left the company amid a restructuring of its executive team. Sharon Davis’s role as director of Australia and New Zealand and COO was “no longer needed” due to the creation of a combined chief financial officer and chief operating officer position, as well as the appointments of other regional directors. Davis worked at AMP for 12 years.
Margaret Payn, AMP Capital's CFO, now serves as the CFO/COO for the company. 

The company also appointed three new executives based in Australia and New Zealand, the North-West region (including Europe, India, Middle East and the US) and Asia to “orient and bolster the distribution teams”. Craig Keary, who led distribution in Australia and New Zealand, was appointed as director of Australia and New Zealand, taking over from Davis. Boe Pahari leads the distribution functions in the North-West region while continuing as global head infrastructure equity director, North-West. Anthony Fassa, who served as director of international, focuses on distribution and strategic partnerships in Asia and leads global coordination of client and consultant coverage. His new role is global head of portfolio strategy and director, Asia. 

Manulife, the Canada-headquartered firm operating in regions such as Asia, appointed Mark Van den Broek as chief information officer of its Hong Kong branch.  Before joining Manulife, Van den Broek held a number of senior management positions. Most recently, he was regional chief information officer of AXA, responsible for IT strategy, delivery, security and operations for all business units across the Asia region.  

International law firm Allen & Overy appointed Charlotte Robins as a partner in its regulatory practice in Hong Kong. Robins previously worked at Norton Rose Fulbright, where she has been a partner for the past five years. She has practised in Hong Kong for more than 15 years. Robins forms part of A&O’s global financial services regulatory practice, which spans Asia-Pacific, Europe, US and the Middle East. 
Vontobel Wealth Management Asia-Pacific, part of Switzerland-listed Vontobel, appointed Christine Chen as a senior relationship manager. Chen’s role is newly created and she is based in Hong Kong and reports to Alex Fung, Asia-Pacific chief executive of Vontobel Wealth Management. Chen has more than 10 years of financial industry experience working with private banks, hedge funds, investment trusts and securities houses in Asia. Prior to joining Vontobel, Chen worked for CTBC Bank, where she was an associate director responsible for high net worth clients in China and Taiwan. She has worked with a number of banks in Hong Kong, including DBS Bank, Citibank and EFG Bank.

Singapore-based crowdfunding firm CoAssets appointed a former top-ranking army officer to be chief operating officer. The COO is Lawrence Lim, the jurisdiction’s ex-chief artillery officer. Lim also served as commander personnel command, as well as head joint operations planning and head control of operations group for the Singapore Armed Forces. Lim was also the organising chairman for the opening and closing ceremonies of the 28th South East Asian (SEA) Games, which were held in Singapore. Lim's role will be to drive CoAssets' day-to-day operations, while the firm's CEO, Getty Goh, continues to implement the company's operational strategy.

Natixis Asset Management appointed Matthieu Duncan as chief executive following the resignation of Pascal Voisin. A dual French and US citizen, Duncan began his career in the financial industry at Goldman Sachs, where he held various positions in the capital markets sector in Paris and London between 1990 and 2003. Since 2004, he has held various positions in asset management in London: chief investment officer for equities at Cambridge Place Investment Management, head of business strategy and member of the board of directors of Newton Investment Management (a Bank of New York Mellon company), and chief operating officer and member of the board of directors of Quilter Cheviot Investment Management.

BSI confirmed the retirement of Hans Peter Brunner, its Asia chief executive, rounding out 45 years in the industry. Responsibility for BSI Bank Singapore was taken up by Raj Sriram, who is head of private banking for Asia. He has been at the bank since 2009. 
Bonhams unveiled a new executive team based in Hong Kong, appointing Edward Wilkinson as executive director in Asia and Ingrid Dudek as the head of the modern and contemporary art team in Asia. Both roles were newly created.

Wilkinson was director of South Asian, Indian and Himalayan art based in the US. Dudek previously served as vice president and international senior specialist in Asian 20th century and contemporary art at Christie’s from 2006-2015.

Cazenove Capital Management, part of UK-listed Schroders, appointed former Credit Suisse senior manager Simon Lints as head of wealth management in Singapore. Subject to regulatory approval, he also becomes chief executive for Schroder and Co Asia, the firm said. He replaced Swan Khing Go, who left the firm last year. Previously at Credit Suisse, Singapore, Lints worked at that firm since 2008, most recently as team leader of UK/international within the international wealth management business in Singapore. 

Credit Suisse confirmed that Lars van den Bosch rejoined it as head of human resources for the international wealth management division, having held a similar role at Julius Baer in Switzerland recently. Prior to joining Julius Baer a year ago, he had worked at Credit Suisse’s Singapore operation. Van den Bosch worked as head of human resources, managing director, at Julius Baer from February 2015, working in the Zurich area.

From February 2014 to January 2015, he was head of the Singapore booking centre, private banking, based out of Singapore. From 2010 to January 2015, he also held the role of head of international wealth management in Singapore at the private bank. From 2000 to October 2010, he was head of human resources at Credit Suisse’s private bank in the EMEA region, based out of Zurich, according to his LinkedIn profile.

The man holding the chairmanship of PricewaterhouseCoopers in the US since 2009 is to take the helm as chairman for the entire PwC international network from the start of July this year. Bob Moritz takes up the role for a four-year term from 1 July 2016. Moritz succeeds Dennis Nally, the current PwC global chairman, who will retire this June after a 42-year career with PwC.  

HSBC Private Bank's investment services and product solutions business in Asia made two senior appointments. Peggy Kwok was promoted to the position of regional head of investment counselling for Asia. Kwok has more than 20 years of experience in portfolio and investment counselling and fixed income, formulating investment ideas, market views and strategies. Prior to joining HSBC, she held institutional and retail banking roles at Royal Bank of Canada, Citibank and Chase Manhattan Bank.
The bank also added Jackie Mau as managing director in the regional investment counselling team, reporting to Kwok. Mau has experience in leading financial markets sales businesses in Asia, especially in the Greater China region. He has built corporate sales businesses in Thailand, Southern China and Hong Kong for global markets at HSBC. Most recently, Mau was managing director and head of corporate sales financial markets for China and Taiwan at Standard Chartered Bank. He is based in Hong Kong.

Australia and New Zealand Banking Group appointed Richard Yetsenga as acting chief economist, reporting to acting managing director for markets Shayne Collins. The move follows the resignation of Warren Hogan. Yetsenga joined ANZ in 2011 and was most recently global head of financial markets research, responsible for economic research across all ANZ’s financial markets products.

Julius Baer recruited a former UBS private banker, Alberto Martinelli, expanding its Singapore wealth management team. Martinelli is part of the ultra-high net worth individual team, holding the title of head of the special clients team. He reports to Marco Diana, head of private banking international for Singapore, a spokesperson told this news service. Martinelli initially worked for UBS in Switzerland from 2000 to 2002 and then in Italy from 2003 to 2004. He moved with the bank to Singapore in 2005.

Nikko Asset Management appointed Mark De Vries as its new chief risk management officer, responsible for the governance of risk and related opportunities at the asset manager. De Vries was previously managing director, head of quantitative analytics and risk at Dymon Asia Capital in Singapore. He brings with him more than 20 years of professional experience worldwide with organisations including ABN AMRO Bank, Shinsei Bank and Nomura International.

Fidelity International appointed former senior BlackRock manager Doug Walls as head of product development for its Asia-Pacific and Japan operations, adding to moves to expand its products for clients in Taiwan, Hong Kong, Australia, Singapore, Japan and Korea. Walls is based in Hong Kong. He works with Mike Nikou, managing director of Fidelity International, who is responsible for the company’s wholesale business in Asia-Pacific, and with Judy Marlinski, president Japan. He reports to Paolo Federici, global head of product at Fidelity International. All existing product teams in the Asia-Pacific and Japan region report to Walls in this newly created role. Walls has over 15 years’ experience in product development in the asset management sector. At BlackRock, he was head of product strategy and innovation for Asia and Australia, based from Sydney.

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North America 

US Trust named Paul Reilly as managing director and division executive of the central-north region, which includes Illinois, Michigan, Missouri and Minnesota. Based in Chicago, IL, Reilly will report to US Trust's president Keith Banks and lead a team of private client advisors, portfolio managers, wealth strategists and trust officers.

He replaced Tim Maloney, who has retired. The central region was split between central-north and central-south; Mark Benson now leads central-south. Reilly was previously managing director and head of the central region at Bank of America Merrill Lynch, overseeing the distribution of equity, debt and futures products to institutional clients throughout the Midwest. Earlier, he was head of emerging market sales for the US and Latin America at Merrill Lynch, based in New York. 

First Republic Bank welcomed financial advisors Jim Marchetti and Caleb Porter at its headquarters in San Francisco, CA. Marchetti and Porter, who were both named managing director and portfolio manager, previously worked at Merrill Lynch. They have 40 and 12 years of industry experience respectively.

Thirty-year Merrill Lynch veteran Greg Achten is joining UBS Wealth Management Americas on April 18 to lead its Cincinnati, OH, complex. He replaces Troy Debord. Achten spent the last two years as managing director of Merrill's Boston, MA, complex, with offices in downtown Boston, Andover, Beverly, Cambridge and in the Back Bay. He began his career in 1987 in an operations management training program in Cincinnati.

The Rand Group joined HighTower from Morgan Stanley, focused on serving small business owners in Hawaii and California. The team manages $200 million and is dually located in Newport Beach, CA, and Maui, HI. The team consists of managing directors and partners Paul Rand, Joel Rand and Sarah Minakary, as well as Christina Wolfe, director of client service and operations, and Karie Haider, manager of client service. The group is HighTower’s first team in Hawaii.

Morrill & Janes Bank and Trust Company, a division of Heartland Financial USA, recruited Ashley Toma as private client services market leader. Her primary responsibility will be to lead the firm’s private client services offering in the states of Missouri and Kansas. Toma has spent most of her career as a business sales manager at US Trust, responsible for 17 advisors throughout the Midwest.

NorthStar Financial Services Group, the Omaha, NE-based holding company for several financial services subsidiaries, appointed Jon Baum as its new executive chairman. Baum was previously chairman and chief executive of The Dreyfus Corporation, which is a subsidiary of BNY Mellon. Before Dreyfus, Baum was president and chief operating officer at Scudder Investments, a division of Deutsche Asset Management, having spent nearly 20 years at UBS Financial Services, where he led sales, professional development, advisor recruiting and human capital.

Diversified Trust appointed Mark Bell as a principal, based in Atlanta, GA. Bell was previously chief investment officer at BlueArc Capital Management, an alternative asset manager focused on family offices, where he remains a director.

Evercore Trust, which provides fiduciary services, investment management and trustee services, hired Lori Bostrom as a managing director in New York. Bostrom was most recently senior vice president and deputy general counsel at OppenheimerFunds. She has over 30 years of legal and Employee Retirement Income Security Act experience, focused on the financial services industry. Her previous experience includes roles at Prudential Financial and The Guardian Life Insurance Company of America, as well as six years of private practice.

BlackRock Asset Management Canada appointed Kurt Reiman as chief investment strategist. Reiman joined BlackRock in 2013 as global investment strategist. He was previously head of thematic research at UBS Wealth Management in Zurich and New York.

Atlantic Trust made three promotions in preparation for the retirement of Linda Beerman, head of wealth strategies and chief fiduciary officer. Beerman, who has been with Atlantic Trust for 15 years, has served on the firm's operating committee. She will continue working with Atlantic Trust in an advisory role.

Managing director Paulina Mejia was named head of wealth strategies, where she will lead the wealth strategies group. Mejia joined Atlantic Trust in 2011. Gabrielle Bailey, who has been with Atlantic Trust since 2003, was named managing director and chief fiduciary officer, where she will head the trust committee. Last year, she moved from the firm's legal department to the wealth strategies group for the role of director of Delaware Trust Services, a position she will retain. Lastly, managing director Judith Saxe, who also joined Atlantic Trust in 2003, was appointed director of research and education for wealth strategies, a new role created to lead the firm's education initiatives concerning topics in trusts, estates, multi-generational legacy planning among others. She will remain part of the Boston wealth management team.

Windsor, CT-based SS&C Technologies hired former JP Morgan managing director Stephanie Miller as senior vice president. Miller was previously head of JP Morgan's fund administration business. She brings nearly 15 years' experience of running fund administration businesses, having also worked at Citco.

Joao Pedro Reinhard resigned from the board of Royal Bank of Canada, where he served as an independent director since 2000. His resignation came after he was charged on February 23 for the unlawful importation and possession of cocaine under Canada’s Controlled Drugs and Substances Act, according to reports. Reinhard’s term was due to expire next month when the board is up for re-election at RBC’s annual meeting on April 6 in Montreal.

Art expert Judith Pearson joined Atlanta, GA-headquartered Breckenridge Insurance Group as president of the newly-formed Breckenridge Private Asset Management Group. She was previously a founder and president at ARIS, the provider of title insurance for fine art and other collectibles.

Sarasota, FL-based The Otto Group joined HighTower from SunTrust under the leadership of managing director Matt Otto. The team, which manages $320 million in assets, focuses on asset management as well as estate strategies for wealthy investors. Karen Rivot serves as director of operations.

California-based Index Fund Advisors appointed Daniel Chong and Neal Rutter as wealth advisors at its headquarters in Irvine.

Richard Gardiner was appointed chief investment officer of Neuberger Berman Trust Company, an affiliate of Neuberger Berman, taking over from Matthew Rubin, who moved to a separate client-facing role. Gardiner was previously a consultant at Reservoir Capital Group and chief investment officer and co-founder of an independent wealth management firm. In his new role, he works with wealth advisors and trust officers on high net worth individual and foundation and endowment clients. He also leads the firm's investment strategy group and is part of the asset allocation committee.

The former marketing leader at Wells Fargo’s Abbot Downing business, JoAnn Neau, joined Wells Fargo Advisors in that same role. Neau previously led the delivery of marketing and communications strategies for RBC Wealth Management's US business. Abbot Downing confirmed to Family Wealth Report that a replacement for JoAnn was due to be announced soon.

Calamos Investments, headquartered in Chicago, IL, appointed John Koudounis as chief executive. He was most recently president and CEO of Mizuho Securities, USA.
BNY Mellon appointed Carly Fagan Neals to the newly-created positon of wealth director within its Pittsburgh office. Neals previously worked at First Commonwealth Bank, where she was senior wealth advisor responsible for new business development for wealth management and trust services.

Bank of America's US Trust has made eight hires across four states. In Los Angeles, Matthew Carrier joined as a private client advisor from HSCB Private Bank and Lilit Parsadanyan joined the as an estate settlement officer from the law offices of Donald P Schweitzer. Reza Golchini joined in San Francisco as a private client manager from Citi Private Bank. In New York, Evan Beard joined as a wealth management consulting executive, having previously worked at Deloitte Consulting as the firm's US art and finance leader, and strategy practitioner, within private banking. Also in New York, Peter Barcia, previously chief investment officer at GM Advisory Group, was appointed as a portfolio manager. In Texas, Carolee Bertrand, previously a senior tax accountant at KHA Accountants and Advisors, and Matthew Kline, previously a commercial banker at JP Morgan Chase & Co, joined as a fiduciary tax accountant in Dallas and private client manager in Fort Worth respectively. in Washington, Jonathan Hommer, formerly an estate planning attorney at Stoel Rives, joined in Seattle as a wealth strategies advisor.

Financial Trust Asset Management, based in Boca Raton, Florida, hired Rick McCall as managing partner, president and co-chief investment officer. McCall previously spent 18 years with Franklin Templeton Investments where was most recently president and director, Franklin Templeton Separately Managed Accounts and CIO, Templeton Separately Managed Accounts.

Radnor, PA-based eMoney Advisor hired financial Edward O'Brien as its new chief executive, replacing Michael Durbin, who remains president of Fidelity Wealth Technologies. O'Brien joined after a 30-year career at Fidelity, where he was most recently senior vice president and head of platform technology for Fidelity Institutional.

Grant Thornton hired Ann Marie Reyher in the newly-created role of managing director within its private wealth services practice in Philadelphia. Reyher was previously private client services senior manager at Ernst and Young where she was in charge of the Philadelphia region.

WealthHub Solutions named Jim Marks as its new chief executive. Dick Corl, the previous CEO, is still affiliated with the company, but now as a director and advisor. Marks was most recently president at Fiberlink, FolioDynamix and Keystone Risk Partners.

The founder and chief executive of New York-based RIA Joel Isaacson & Co joined the national board of directors of the National Association of Personal Financial Advisors. The board governs, supervises, controls and directs the affairs of NAPFA. Aside from running his own firm, which serves high net worth individuals and their families across the country, Isaacson is the former chairman, as well as the former president, of the New York Chapter of the International Association for Financial Planning.
 
Manulife named Nadine Chakar senior vice president, and global head of operations and data management, within its investment division. Chakar was previously executive vice president and head of e-commerce, strategy and research, and financial market infrastructure, at BNY Mellon. She has 27 years of industry experience, having worked across BNY Mellon's Boston, Amsterdam, London and New York offices. Based in Boston, MA, Chakar will report to Tim Deacon, executive vice president and chief financial officer of Manulife's investment division.

FundCount hired Michael Slemmer from SS&C as chief operating officer of the Americas. Slemmer, who has over 30 years of experience in investment technology, was previously director of business development at SS&C. He has also served as principal at The Collaborative, an investment industry consulting firm, and as general manager, North America at Thomson Financial – PORTIA (now Thomson Reuters).

California-based Advisor Software appointed Gitanjali Kumar as senior product manager. Kumar brings more than 15 years of experience in developing technological solutions for financial advisors and investors. She most recently held the position of senior product manager at Fiserv Investment Services, where she oversaw the firm's financial advice management range of products. She also worked at AdviceAmerica, now owned by Fiserv, as a senior financial analyst. In her newly-created position, Kumar will be responsible for managing and developing the firm’s financial planning applications and application program interfaces. She will report to Kevin Kraus, vice president of product management.

Fiduciary Trust Company International hired Steve Brandfield as managing director and business development officer. Brandfield brings over 20 years' experience serving wealthy individuals, having most recently served as managing director at Glenmede Trust Company. He previously held senior positions at Bessemer Trust Company and at UBS's private banking arm. He will be based in New York.
LCG Associates, which serves both private and institutional clients, promoted Amber Stiles to chief compliance officer. Stiles, who joined the firm in 2007, was also appointed to the board of directors. In her new role, she will assume responsibilities previously held by John Burgin, who retains his position as chief financial officer. She will lead LCG's compliance program, including operational due diligence on investment managers.

The man holding the chairmanship of PricewaterhouseCoopers in the US since 2009 takes the helm of chairman for the entire PwC international network from the start of July this year. Bob Moritz takes up the role for a four-year term from July 1. Moritz succeeds Dennis Nally, the current PwC global chairman, who will retire this June after a 42-year career with PwC.  

Custom House Global Fund Services hired Sebastien Sacre as managing director of its Chicago office and John Lumley as head of sales for the Americas. Sacre previously worked at JPMorgan Chase, where he was vice president and office lead in the private equity and real estate services group, managing the fund administration for private equity funds of several clients. Prior to that, he was senior manager within Ernst &Young's audit financial services industry group.

David Kelman, formerly of Convergent Wealth Advisors, joined New York City-based Sontag Advisory as a senior advisor. Kelman specializes in working with families and entities “in transition” including business sales, wealth transfers and separation of family assets. As a managing director at Convergent, he worked with affluent individuals, families and businesses in the greater New York City area. Earlier, he held senior roles at Next Capital Management, Bank of America Merrill Lynch, Credit Suisse First Boston and Donaldson, Lufkin & Jenrette. He has a strong background in M&A, healthcare investment banking and private wealth management, Sontag said.

Manulife appointed Pamela Kimmet to its board of directors and Diana Stockwell to a new position within its asset management arm as head of Latin American sales and relationship management. Kimmet was senior vice president of human resources at Coca Cola Enterprises since 2008 and previously held senior roles at Bear, Stearns & Company and Citigroup. Stockwell was previously vice president and head of Latin American sales and relationship management at State Street Global Advisors. She will report to Frank Saeli, head of distribution for the US and Latin America at Manulife Asset Management.
Cordium, a provider of compliance consulting, software, accounting and tax services to the asset management and securities industry, hired Brad Prodger as vice president of business development, strategic partnerships and distribution channels. Prodger served as vice president of product strategy, investment services, at Fiserv from 2013 to January 2016. Based in San Francisco, he is responsible for developing partnerships with custodians and broker-dealers, as well as industry software vendors to distribute compliance management software and services to registered investment advisor and business development clients.

Atlantic Trust made a senior hire in three states while relocating its headquarters from Midtown Atlanta, GA, to the Buckhead area. Carly Howard joined as a senior vice president and senior wealth strategist in Atlanta; Bret Farris joined as a senior vice president and business development officer in Chicago, IL; and Bradley Fincher joined as a senior vice president and business development officer in West Palm Beach, FL. Howard previously worked within BB&T Wealth’s professional and executive advisory group in Charlotte, NC. Farris, meanwhile, was a senior client advisor at BMO Private Bank and before that a wealth advisor at RMB Capital Management. Fincher was previously a vice president at Bernstein Private Wealth Management, and, earlier, a vice president at America’s Mortgage Broker.
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Oyster Consulting hired Natalie Smith, former chief compliance officer and chief operating officer at Mangham Associates, as a senior consultant. Smith joined as part of the firm's growth drive in the investment advisor space, which includes wealth managers, money managers, hedge funds, and mutual funds. She will be based in Richmond, VA.

US Trust appointed Mark Benson to lead its Central South division and to oversee its new art banking initiative. Benson will take on the new role in addition to his current one of West division executive. He will continue to be based in California. In addition, Evan Beard joined the firm as an art executive. He was previously US art and finance leader at Deloitte and strategy consultant within Deloitte Consulting's private banking group for four years.

Diversified Trust hired Kim Garcia from US Trust as principal. Garcia was a wealth planning strategy executive at US Trust. She previously spent five years at First National Bank of Commerce in New Orleans as a personal trust services manager and as a trust tax and operations manager. In her new role, she will be based in Greensboro NC.

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Offshore law firm Ogier added Frasier Allister to its private client team in the Caribbean. Allister, who joined as an associate, will work with partner David Cooney on all areas of private client and trust work with a particular focus on the establishment and operation of trust structures and the relocation of individuals and business to the Cayman Islands. Allister previously worked at HBJ Gateley in Edinburgh, UK, where he was an associate in the private client and trust team specializing in inheritance tax and succession planning.

Cornerstone Capital hired Jennifer Leonard as director of manager due diligence within its investment advisory business. Leonard joined from the Caprock Group, where she was vice president of impact investing. There, she helped clients build customized, impact-mandated portfolios. Previously, from 2009 to 2013, she was a Latin America equity research analyst at Morgan Stanley following the telecommunications, media and technology sectors. In her new role, Leonard will be based in New York, reporting to Craig Metrick.

Standish Mellon Asset Management Company, the fixed income specialist for BNY Mellon Investment Management, recruited Vincent Reinhart as chief economist. Reinhart, who will report to David Leduc, chief executive and chief investment officer at Standish, succeeded Tom Higgins, who passed away late last year. Reinhart was previously chief US economist and managing director at Morgan Stanley and is a visiting scholar at the American Enterprise Institute. He also spent 24 years at the Federal Reserve.

RBC Correspondent Services, the clearing firm for independent broker-dealers, and RBC Advisor Services, a custodian for RIAs, brought in Michael Belkin as a business development manager. Belkin joined RBC from First Clearing, where he led the firm’s expansion in the US Northeast. While at First Clearing, Belkin’s role included forming new partnerships with broker-dealers, representing the firm at various industry conferences, and helping clients with recruiting new financial advisors. RBC confirmed to Family Wealth Report that this is a new role at the firm.

Michael Cabanas re-joined Fiduciary Trust International of the South as head of relationship development in Coral Gables, FL. Cabanas, who worked at the firm from 2006 to 2013, will focus on growing the firm's presence in South Florida, reporting to Gail Cohen, chair and general trust counsel of Fiduciary Trust. Cabanas was previously executive vice president and head of wealth management at Coconut Grove Bank. He has also held senior banking roles at BNY Mellon Wealth Management and JP Morgan Private Bank.

Industry executive and entrepreneur Sallie Krawcheck joined the board of Digital Asset, a developer of distributed ledger technology for the financial services industry. Krawcheck is most known for her time as chief executive at Bank of America Wealth Management, which includes Merrill Lynch Wealth Management and US Trust. She was also CEO and chair of Citi Global Wealth Management, responsible for Smith Barney, Citi Private Bank and Citi Investment Research. Currently, Krawcheck is CEO and co-founder of Ellevest, a digital investment platform for women to be launched in 2016. She is also chair of Ellevate Network, a global professional women’s network, and chair of the Pax Ellevate Global Women’s Index Fund.

The former head of global wealth management at PIMCO joined New York City-based Arena Investors as president of the global investment firm and merchant capital provider. Jon Short spent ten years at PIMCO, most recently in charge of wealth management globally, and head of the New York office. He was previously head of the firm's institutional business group. Before joining PIMCO, Short held senior distribution and portfolio management positions at Fidelity Investments, Putnam Investments and Salomon Brothers. It is unclear if this is a new role at Arena or if Short replaced anyone.

PIMCO confirmed to Family Wealth Report that Eric Sutherland, managing director and head of GWM advisory brokerage, and Doug Ongaro, managing director and head of RIA and bank trust channel teams, will assume the role of interim co-heads of the US global wealth management business.

Baird, the global firm with wealth management among its services, named Alex Bigelow as director of private wealth management in Florida. The firm confirmed to Family Wealth Report that this is a new role. Bigelow, who will be based in Palm Beach Gardens, will oversee Baird’s six wealth management offices in Florida and recruit more advisors in the region. He was most recently a market manager at Wells Fargo in Palm Beach.

US-based Summit Trail Advisors appointed Thomas Harms as chief operating officer, based in New York and in charge of day-to-day business operations, including compliance. Harms joined Summit from Fidelity Investments, where he was a senior vice president in the practice management and consulting group. Before that, he was managing director and global operational risk officer at Morgan Stanley’s global wealth management division from 1986-2011. In his new role at Summit he will report to Jack Petersen, managing partner of Summit Trail Advisors.

FL Putnam Investment Management Company hired Scott Mazuzan as a private client advisor, based in Portland, ME. Mazuzan will provide financial planning services from tax, estate and retirement planning to risk assessment, asset location and portfolio construction. He has worked for the better part of a decade in the financial services industry, having started his personal finance career at Charles Schwab & Co, and was most recently a financial planner at Goldman Financial Planning.

Heartland Financial USA promoted William Callahan to president of Arizona Bank & Trust in Phoenix, effective May 1, 2016. Callahan is currently market president at Dubuque Bank and Trust, having joined the bank in 1998. He began his banking career in Phoenix in 1983, and previously served as vice president of commercial lending at First National Bank of Dubuque. Both Dubuque Bank and Trust and Arizona Bank & Trust are subsidiaries of Heartland, the Dubuque, IA-based community bank holding company. Jerry Schwallier will carry on as chief executive at Arizona Bank & Trust.