UK 
Rothschild appointed Hugh Billett and Ben Harrison from Credit Suisse to its UK wealth management business. Based in London, Billett and Harrison joined from Credit Suisse Private Bank where they were relationship managers since last year. Previously, the pair spent 14 years at Morgan Stanley Private Wealth Management. They report to Rothschild's UK wealth management chief executive, Helen Watson.

The UK's Financial Conduct Authority appointed Megan Butler to the permanent role of director of supervision for investment, wholesale and specialists. Butler had been in the role for the past nine months on secondment from the Prudential Regulation Authority, where she was executive director of international banks directorate. She joined the Bank of England in 2013 from the Financial Services Authority, as the FCA was previously known. She joined the FSA in 2000. In 2008, she became head of the department responsible for supervising UK operations of major investment banks. Before the FSA, she spent several years at the London Stock Exchange in roles including head of capital markets. Prior to Butler's secondment, the role of director of supervision for investment, wholesale and specialists was held by Tracey McDermott, acting chief executive of the watchdog. Andrew Bailey, deputy governor for prudential regulation at the Bank of England, was recently appointed as the FCA's new permanent CEO.

Simon Somerville, the lead manager of Jupiter's Japan Income Fund, left the company after 11 years. He handed over to deputy manager, Dan Carter. Carter, who has 12 years’ experience of analysing and managing Japanese equities, worked with Somerville for eight years. 

Jupiter's head of marketing, Richard Wilson, stepped down after nearly three years at the company to take a break from the industry. Wilson joined the company in autumn 2013 from HSBC Global Asset Management, where he was senior manager, global client propositions. He previously worked at firms including Henderson Global Investors and New Star Asset Management.

CFA Institute appointed Colin McLean as vice chair of the board of governors, replacing Frederic Lebel, who moved up to become chair. As of September, Lebel will succeed Beth Hamilton-Keen, who will continue to serve on the board as immediate past chair. Lebel is co-chief executive and chief investment officer of OFI MGA and owner of HFS Hedge Fund Selection, based in Geneva, a role he has held since 2008. Previously, he was executive vice president at Lombard Odier & Cie in Geneva, in charge of hedge fund investments since 1997.

Invesco Perpetual appointed Thomas Moore to join its Henley fixed interest investment team. Moore joined after 12 years with Morgan Stanley, where he was most recently managing director and head of European credit analytics. He has 17 years of experience in fixed interest markets.

Architas hired Jaime Arguello from Barclays as its new chief investment officer. For the last seven years, Arguello was Barclays' head of multi-management. He previously spent a decade at Pictet as director of third-party manager selection and head of fixed income. Based in London, Arguello succeeded Caspar Rock, who was appointed global CIO at Cazenove Capital Management.

Aberdeen-based Central Investment hired Alister Link as a financial advisor. Link has over 20 years of industry experience, including 14 years running his own business, Sterling Financial Services. He was most recently a financial planner at Wren Sterling (formerly Towergate Financial).

Allianz Global Investors appointed Deborah Zurkow, chief investment officer and head of infrastructure debt, to lead its alternatives business. In the new London-based role, Zurkow drives the growth of the firm's alternatives capability, which comprises both liquid and illiquid alternative investment products. Zurkow has led Allianz GI’s infrastructure debt platform since joining the firm in 2012. She handed over to Claus Fintzen, who also joined in 2012 and reports directly to her.

C Hoare & Co appointed David Green as its chief executive, taking the helm from Jeremy Marshall. Green was acting CEO for the past year, standing in for Marshall, who stepped back from his responsibilities for health reasons. Green joined the bank in 2003, having previously served in senior management positions in Midland Bank, TSB Group and the BBC. He has served as C Hoare & Co's deputy CEO, overseeing treasury, trustee and tax advisory departments as well as human resources. In addition, as company secretary, he is also responsible for all legal and regulatory matters. Marshall, who joined in 2009 from Credit Suisse, remains an employee of the bank. 

London-based Bircham Dyson Bell promoted Matthew Braithwaite to partner within its private wealth department. Braithwaite, who joined the firm in 2013, specialises in advising on international tax planning, offshore trusts and wealth holding structures. He previously worked in the private client department of accountancy firm BDO where he focused on tax planning both for UK domiciled and non-UK domiciled individuals.  Also joining the partnership were the following four other lawyers across other practice groups: Sarah Clark and Ian Cameron in the government and infrastructure department; Sinéad Lester in the litigation and dispute resolution department, and Dennis Lee in the corporate and commercial department.

Arbuthnot Latham hired Andrew Broughton from the Royal Bank of Scotland as commercial banking director for the North West. Broughton had been at RBS for more than 30 years, where he held various senior roles. He latterly served as the bank's head of specialised relationship management, leading a team of commercial bankers serving owner-managed businesses across the Midlands and the East of England.

Ian Henderson, chief executive, took the helm from James Fleming in April after Fleming stepped down after four years as CEO of Arbuthnot Latham.

Miton Group appointed Chris Hill as regional sales manager for the Midlands. Hill was previously an investment manager at Gemini Wealth Management. Before that, he was a research analyst with EFG Harris Allday. He has also worked at Deutsche Bank and Alexander Hall Associates.

Replacing Mark Wright, who has left the firm, Hill reports to Neil Bridge, Miton Group's head of sales.

Ardan International, a subsidiary of the UK’s Rowan Dartington Group, appointed Andy Tinnion as head of business development. Tinnion’s new role is based at the Ardan offices in the Isle of Man. Tinnion was previously at Friends Provident International, where he managed discretionary client accounts for seven years and then held the position of regional sales development manager (Middle East) for eight years. 

Payne Hicks Beach, the UK law firm serving private and corporate clients, appointed Virginia Farquharson, a chartered accountant, to the newly-created role of director of management.

The moves follows the retirement of Peter Black as managing partner at the end of this month.

Farquharson worked at Payne Hicks Beach for over two decades, principally as director of finance and administration. Black, meanwhile, was at the firm for over 15 years, holding the managing partner role for the past five years.

The digital risk-profiling and financial planning services firm Distribution Technology brought in Abhimanyu Chatterjee to the newly-minted role of principal investment analyst. Chatterjee, who previously worked at Colombia Threadneedle, joined the UK-based firm’s asset and risk modelling team. He reports to Chris Fleming, DT’s financial analytics director. In his previous role as head of fixed income risk at Colombia Threadneedle, Chatterjee oversaw investment risk management and the monitoring of all fixed income investments across the firm’s funds range

BMO Global Asset Management (EMEA) appointed Phil Webster as portfolio manager to its European equities team, joining from Aberdeen Asset Management, where he worked for over a decade. Most recently, Webster was senior investment manager on the pan-European equities team at UK-listed Aberdeen.

Sandaire, the investment office, brought in Luca Serino as a portfolio manager. He previously worked at Thurleigh Investment Managers. Serino’s entire career was spent at Thurleigh, which he joined after graduating from university. He started there as an analyst in 2006 and became a partner in 2010. During 2009 he undertook a sabbatical at CQS, a London-based multi-strategy hedge fund.

Investec Wealth & Investment appointed James Bowles to the new role of business development director at its Leeds office. Bowles concentrates primarily on developing links with intermediaries such as independent financial advisors and professional services firms across Yorkshire and the North East. He reports to Simon Kaye, divisional director. Previously, Bowles held senior business development roles at Vestra Wealth, Myddleton Croft Investment Managers and Savoy Investment Management (Ashcourt Rowan).

Miton, the UK asset management firm, appointed Andrew Jackson to oversee the CF Miton UK Value Opportunities Fund. Previously, Jackson was a fund manager at Ecclesiastical (now called EdenTree) Investment Management for over 11 years.

BMO Global Asset Management hired Phil Webster as director of European equities. Based in London, Webster joined after 12 years at Aberdeen Asset Management, the last decade of which he spent as senior investment manager. As part of the firm's pan-European equities team, he managed the $44.1 million ($63.7 million) Aberdeen Smaller Companies High Income investment trust, which generated a total return of 75 per cent over the last five years, according to FE Trustnet.

He joined the team led by the firm's head of European equities, David Moss. 

GWM Group, the international wealth management firm, appointed a former senior manager at family office firm Aspinalls to lead a new investment division. Chris Payne leads GWM Investment Management, located in Mayfair, London. Previously, Payne advised families, trust funds, pension funds, charities and limited companies on investment of their assets.

Columbia Threadneedle appointed Kath Cates as non-executive director of the boards of Threadneedle Asset Management Holdings and Threadneedle Investment Services.

Cates’ most recent executive role was global chief operating officer for Standard Chartered Bank, a position based in Singapore and which she held until 2013. She previously spent over 20 years at UBS, latterly as global head of compliance. 

Based in London, she also serves as a non-executive director of RSA Insurance Group and Brewin Dolphin, where she chairs the board risk committee and sits on the group audit committee.

Columbia Threadneedle promoted Richard Colwell to head of UK equities and William Davies to head of equities, Europe, Middle East and Africa, as Leigh Harrison retired after 10 years at the firm. Harrison retired having spent the last decade of his 32-year career at the firm, most recently as head of equities, Europe. He also served as a member of the firm's EMEA executive committee. Harrison previously worked at Credit Suisse. Colwell, who has worked closely with Harrison since joining Columbia Threadneedle in 2010, became lead manager of the £3.2 billion UK Equity Income fund in September last year.

Davies, head of global equities at the firm, will take charge of the UK and European equity teams as well as EMEA-based US, Asia, emerging market and global equity teams. He previously led the European equities team for 12 years. Davies will sit on the firm’s executive committee.

Following Harrison's departure, Iain Richards, head of governance and responsible investment, EMEA, reports to Mark Burgess, chief investment officer, EMEA at Columbia Threadneedle.

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Lyxor Asset Management appointed Christian Theulot to the newly-created role of chief retail and digital officer. Theulot previously spent four years at the Amundi Group where he was head of marketing and development for the retail partners and investment solutions business line. He joined the Société Générale group in 2004 and spent seven years as its head of savings products. Based in Paris, Theulot is responsible for driving Lyxor's digital transformation. He is also be in charge of enhancing Lyxor's distribution presence, particularly among private banks. He reports to Guilhem Tosi, head of products, solutions and legal and a member of Lyxor's executive board.

Newton Investment Management appointed Matt Pumo as head of UK consultant relations, a newly-created position. Pumo joined from Neuberger Berman, where he was responsible for developing investment consultant relations in the UK and Europe. With 15 years of investment management experience, he previously worked at Gartmore Investment Management and Liontrust Asset Management. Pumo reports to Julian Lyne, the firm’s global head of distribution.

Jupiter Fund Management hired Charlotte Jones from Credit Suisse as its new chief financial officer. Jones took up her new role in September, replacing Philip Johnson, who left the company after almost seven years as CFO. 

Manulife Asset Management hired Alan Burnett, former director at Lyxor Asset Management, to boost client relationships in the UK and Ireland. Burnett, who previously spent almost three years as a director of Lyxor Asset Management, joined the firm as managing director, head of wholesale sales and client relationships, UK and Ireland. He is based in London. Before Lyxor, Burnett worked at Martin Currie,
Liontrust Asset Management and AXA Investment Managers.

Towry appointed Paul Sayers, a personal injury and clinical negligence specialist, as a wealth advisor within its Guildford office. Sayers joined the firm's Leeds office in 2011, having previously worked with private clients for HSBC Bank. He has 20 years’ experience in financial planning, the last 11 of which he spent working with vulnerable clients.

Third Financial Software promoted Roxanne Afzali to head of business development and relationship management. Afzali joined Third Financial's business development team two years ago. She is responsible for driving the promotion and sales of the firm's software and of its Third platform services unit. Tercero Platform was launched as part of the unit in September last year.

Richard Peirson, the long-serving lead manager of the Axa Framlington Managed Balanced fund, is to retire in March 2017, after 23 years at AXA Investment Managers. Peirson has been running the £957.5 million ($1.38 billion) fund since he joined the firm in 1994. The fund targets long-term returns by investing primarily in UK equities, diversified with developed and emerging markets equities, bonds, cash and other investments. 

Invesco Perpetual hired Sebastian Mackay from Standard Life Investments as a fund manager within its multi-asset team. Mackay assumed his new role in September. He joined after five years with Standard Life Investments. There, he was an investment director/portfolio manager on the firm's absolute return global bond strategy, and a member of the global absolute return strategy portfolio construction team. He previously worked at Scottish Widows Investment Partnership.

JO Hambro Capital Management appointed Ladislav Sabo to its Prague-based global emerging markets team, replacing Ada Chan, who moved to a new role within the firm's London office. Sabo, a risk manager for the Export Guarantee and Insurance Corporation in Prague, joined JOHCM in early July. 

London-based Sarasin & Partners appointed Kwai San Wong as a stewardship analyst. Wong joined from BMO Global Asset Management, where he spent five years as an analyst in the governance and sustainable investment team. He replaced Claire Molinari, who has left the firm to return to Australia. He will support Sarasin's head of stewardship, Natasha Landell-Mills.

The UK's Close Brothers Asset Management appointed Daniel Neep as business development director to enhance relationships with intermediaries in the North East. Neep joined after almost four years at Aegon, where he held senior sales positions. He previously worked at Axa Wealth, supporting the growth of its multi-asset investment offering. Over his 15-year career in business development, Neep has had specific experience with intermediaries in the North East.

Gordon Dadds promoted senior associate Anna Coakes to partner within its private wealth team. Coakes, based in London, joined Gordon Dadds in 2014 and specialises in the administration of estates and trusts, as well as wills and inheritance planning, often involving multi-jurisdictional elements. She previously worked at law firms Moon Beever, Rochman Landau and Field Fisher Waterhouse.
Managing director Julian Cooper left Barclays Wealth & Investment Management after 23 years. Cooper joined the bank in 1993, having previously worked at NatWest Markets as head of transaction management. The bank gave no details of a potential replacement for Cooper.

Old Mutual Wealth appointed Standard Bank Wealth's Steven Braudo as its new chief operating officer, replacing Paul Penney who held the role for just a few months. Penney took over in January this year from Jeremy Charles, who was COO at the firm for four years. Penney had been the company's chief investment officer since 2012, having formerly served as CIO at Lloyds Bank's insurance division. He will leave the business later this year. Braudo was chief executive of Standard Bank Wealth since 2015. Previously, he was deputy CEO of Liberty Holdings. He has 23 years of experience in the South African financial services industry.

Henderson Global Investors hired Santander's Stephen Payne as co-manager of the £2.1 billion ($3 billion) Henderson Cautious Managed Fund. He joined from Santander Asset Management, where he was responsible for the Enhanced, Dividend and Equity Income funds. He brings 19 years of experience in equity investments. Based in London, Payne joined co-managers John Pattullo and Jenna Barnard. He reports to Chris Burvill, director of UK equities and lead fund manager.

Sandaire Investment Office appointed Vanessa Theos as head of marketing, a newly-created role. Theos was previously marketing manager for the UK and Ireland at Pepper Group, an Australian asset manager expanding into Europe. Before that, she was programme director for Financial Jam Sessions, a financial literacy forum for ultra-high net worth women. She has also held marketing and communications roles at Abu Dhabi Investment Authority, a sovereign wealth fund, HSBC Private Bank, Credit Suisse Private Bank and Barclays Wealth. Theos speaks Mandarin and conversational Arabic.

Brown Shipley appointed Guy Healey as its new head of private banking. Healey was most recently managing director of Lloyds Bank's international private banking business, based in Switzerland, from 2012 to 2014. There, he led a team with £10 billion ($14 billion) in client assets under management. He previously served as director of Lloyds Bank's UK high net worth business. He filled the role vacated by Hugh Titcomb who left the firm last year after almost two years as private banking head. He since became chief executive of UK-based Thomas Miller Investment. 

Kingsley Napley appointed Jim Sawer as a partner within its private client team. Sawer joined from Thrings Solicitors, where he was a partner. He advised individuals on tax and trust matters as well as succession and inheritance issues. His clients included international wealthy families based in London, farmers and entrepreneurs. 

Sarasin & Partners appointed Iuliia Shpak as systematic strategies specialist and Ben Human as junior quantitative analyst. Shpak joins after eight years at Fleming Gulf, where she was latterly a director, responsible for the firm's Middle East product portfolio and global commodities. Human joined from Prospect Wealth Management, where he spent two years as investment assistant and operations manager. 

Brooks Macdonald appointed Alex Ford as an investment director within its portfolio service team. Ford joined from Quilter Cheviot, where he was investment manager. He has experience of managing individual, pension, trust and charity accounts for high net worth clients and their families. He previously worked at Barclays Wealth and Hartmann Capital. He replaced Clare Delaney, who left the company. Ford leads Brooks Macdonald’s Tier 1 investor visa programme in London, working with financial advisors, solicitors and accountants. He also ran Quilter Cheviot's programme for such investor visas, otherwise known as “golden visas”.

Nutmeg's founding chief executive Nick Hungerford stepped down, handing over to the company's chief revenue officer, Martin Stead. Hungerford, who founded Nutmeg with William Todd in 2012, remains with the company as non-executive director. Stead joined last year from EDF Energy where he was marketing, digital and sales director. His appointment to the helm follows a review of Nutmeg's leadership structure, the company said in a statement today.

Duncan Lawrie Private Bank appointed Kleinwort Benson's former chief executive, Sally Tennant, as chairman of the board. In 2014, Tennant stepped down after three years at the helm of Kleinwort Benson.

She remained at the bank as a senior advisor. Prior to Kleinwort Benson, she spent three years as CEO of Lombard Odier, UK. Before that, she was CEO of Schroders Private Bank. Within her 30-year career in investment management and private banking, Tennant has also served as board director at Gartmore. She is currently vice chair of the advisory board of Paladin Capital Group and holds a number of non-executive positions in the charity sector.

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Switzerland

EY Switzerland announced that Thomas Sauber, head of the Zurich office and legal counsel, is to retire. Sauber will leave the firm at the end of November. He has been legal counsel at EY Switzerland since 2003 and legal counsel of EY's EMEIA financial services organisation, covering Europe, the Middle East, India and Africa, since 2011. He will hand over to Roger Müller and Jvo Grundler at the end of June. Müller and Grundler retain their current Switzerland-focused roles at the firm, as leader of the financial accounting advisory services team and managing partner legal respectively.

Switzerland-headquartered wealth technology firm Avaloq appointed Jürg Hunziker as group chief markets officer and deputy chief executive. Previously, he spent 27 years at US-based technology firm SunGard, founding SunGard Europe. Most recently, he acted as SunGard’s group president for the global trading, risk and private banking software and services business.

Credit Suisse appointed Burkhard Varnholt as deputy global chief investment officer within its international wealth management unit. He previously worked at Julius Baer as head of its investment solutions group and co-chief investment officer. Varnholt will assume his new role in November, based in Credit Suisse's Zurich headquarters. He will become vice chairman of the investment committee and a member of the investment solutions and products management committee. He will report to the bank's global CIO, Michael Strobaek.

Succeeding Varnholt at Julius Baer are Yves Robert-Charrue as interim ISG head and Yves Bonzon as the sole CIO. Robert-Charrue, who joined Julius Baer in 2009 and has been member of its executive board since 2010, continues to serve as head of intermediaries. In January, Bonzon, a former CIO at Pictet, was appointed co-CIO alongside Varnholt, and head of the bank’s new investment management unit, a role he retains.

Credit Suisse also appointed Eric Varvel to its international wealth management division as global head of asset management, replacing Bob Jain who left to become co-chief investment officer at hedge fund firm Millennium. Varvel is based in New York, while spending significant amounts of time in Switzerland, and in various emerging markets including in the Asia-Pacific region. He has more than 25 years of experience at Credit Suisse, having most recently served as chairman of the emerging markets and sovereign wealth funds team as a senior advisor to the chief executive. He served as a member of the executive board from 2008 to 2014.

UBS brought in Martin Blessing, a former chief executive of Germany’s Commerzbank, to take over from Lukas Gaehwiler as president of its personal and corporate banking division, and as president of UBS Switzerland, with the appointment taking effect in September. Blessing was a board member at Frankfurt-listed Commerzbank for 15 years, half of which he spent as chairman.

Geneva-headquartered Edmond de Rothschild Group appointed Roderick Munsters to the helm of its asset management business, replacing Laurent Tignard, who stepped down after a three-year stint. Munsters was chief executive at Dutch asset manager Robeco from 2009 to 2015. He also headed the group's sustainable investing subsidiary, RobecoSAM, in Zurich, as well as its US multi-manager, Harbor Capital Advisors. As part of the EdR executive committee, Munsters reports to Ariane de Rothschild, chairwoman of the committee.

Bedrock, the investment and advisory firm, appointed Alexander Classen as a managing partner, based in Zurich. Classen stepped down from his position as chief executive at Coutts & Co, the international arm of Coutts, last May after Royal Bank of Scotland sold the business to Geneva-headquartered Union Bancaire Privee.

Rest of Europe

Amundi hired Silvia Bocchiotti as director of retail advisory and head of third-party fund selection, based in Paris. Bocchiotti joined from LCL Banque Privée, where she was chief investment officer responsible for asset allocation in discretionary mandates and advisory management since 2007.

Julius Baer hired Derek Beatty as executive director and senior portfolio manager in Guernsey. Beatty joined after 11 years at Credit Suisse in London and the Channel Islands. He was a member of the firm's regional UK investment committee and a senior portfolio manager, co-managing over $4 billion of multi-manager client assets.

Ardan International, a subsidiary of the UK’s Rowan Dartington Group, appointed Andy Tinnion as head of business development, based in the Isle of Man. He previously worked at Friends Provident International, where he managed discretionary client accounts for seven years and then served as regional sales development manager, Middle East, for eight years.

Liechtensteinische Landesbank, the Liechtenstein-based private bank, appointed Bruno Schranz to take over as head of its fund services business area, replacing Natalie Epp, who has been appointed a new member of the bank’s management board and head of its institutional clients division. From 1 July, Schranz, previously deputy chief executive and head of business development at Swisscanto Fondsleitung, will take responsibility for the custodian bank and fund administration business of the LLB group.

BMO Global Asset Management hired Otto Donner as sales director for the Nordic region, a newly-created role. Donner joined from East Capital Asset Management, where he was head of sales, Nordics, covering institutional, wholesale and retail clients across the Nordic countries, Baltics and the UK. Based in Stockholm, he reports to Robert Elfström, director, Nordic region at BMO GAM.

Grant Thornton, the international accounting and consulting firm, appointed Adam Budworth as managing director in Guernsey, replacing Dave Clark, who stepped down to focus on the local business practice of the firm in Guernsey and Jersey. Clark was MD for the past 15 years. Meanwhlle, Cyril Swale became head of office in Guernsey.

Lyxor Asset Management appointed Christian Theulot to the newly-created role of chief retail and digital officer. He previously spent four years at Amundi where he was head of marketing and development for the retail partners and investment solutions business line. Based in Paris, Theulot is responsible for driving Lyxor's digital transformation, as well as boosting its distribution presence, particularly among private banks. He reports to Guilhem Tosi, head of products, solutions and legal and a member of Lyxor's executive board.

Vontobel Asset Management appointed Henrik Rox Hansen as its new head of sales for the Nordics and the Netherlands. He previously spent 13 years at Janus, most recently as head of the firm's Nordics business.

Holger Spielberg left Credit Suisse after two years as director of digital private banking to take on the role of group technology officer at Aareal Bank in Wiesbaden, Germany. Credit Suisse confirmed to this publication that he will not be replaced.

Middle East

Switzerland's Falcon Private Bank appointed Khaled Balama Al Tameemi as executive director of the board. Based in Abu Dhabi, Al Tameemi has 25 years of industry experience and is executive director of the real estate department at Abu Dhabi Investment Council. He also sits on the boards of the Central Bank of the United Arab Emirates and Emirates Development Bank.

Mashreq, the banking group based in the United Arab Emirates, appointed Rajesh Malkani as head of private banking and wealth. Malkani previously worked at Standard Chartered, latterly as regional head, private banking clients, MENAP (Middle East, North Africa, Afghanistan and Pakistan), Africa and South Asia.

International

Salamanca Group appointed Gordon Stuart as managing director of Salamanca Group Trust (Mauritius), replacing Steve Whitley, who moved to the UK to be closer to his children. Stuart joined from Sentinel International Advisory Services, a South African fiduciary services company, where he was group chief operating officer since 2009.

Asia-Pacific

BNY Mellon Investment Management announced a new management team for its Asian business.

Lindsay Wright was appointed head of distribution, Asia-Pacific. Based in Hong Kong, she leads the firm's distribution efforts across financial institutions, governments, sovereign wealth funds and intermediaries in the region. The leadership structure in the Asia-Pacific region was newly developed, with two co-heads of the business: Wright works alongside Doni Shamsuddin, chief product and operating officer, reporting into Matt Oomen, international head of distribution (based in London).  In Singapore, Nicolas Kopitsis heads the intermediary distribution for Asia, ex-Japan, reporting to Wright. With more than 30 years’ experience in senior leadership and distribution roles, Wright previously worked with Invesco as regional head of institutional, alternatives and investment solutions. 

Fusang, the family offices services firm, appointed Chan Heng Wing, founding chairman of the Milken Institute Asia Center and now its senior advisor, to its board of directors. He is also senior advisor in Singapore’s Ministry of Foreign Affairs and non-resident high commissioner to the People’s Republic of Bangladesh. Before assuming the roles, he was managing director of international relations at Temasek International in Singapore and chief representative in China for Temasek Holdings prior to that. He retired from Temasek International in October 2011 and is currently independent director of Banyan Tree Holdings, Frasers Centrepoint and the holding companies of Fullerton Bay and Fullerton Hotel.

Hang Seng Bank appointed one of its senior staff to the role of head of retail banking and wealth management, following the retirement of a predecessor. Margaret Kwan took up the role, replacing Nixon Chan, who retired from the post. Chan remains on the board and is a non-executive director. Simon Yuen, head of customer value management, took the position of head of consumer assets from Kwan. Kwan joined Hang Seng's retail marketing department in 1995 with a background in advertising and sales promotion.

Societe Generale appointed Andrew Kim as chief country officer, Korea and branch manager of the bank’s Seoul branch. Based in Seoul, Kim reports to Hikaru Ogata, chief executive, Asia-Pacific at Societe Generale. Kim took over from Raphael Cheminat, who took on another position within the group. Following the appointment, Jey Hyung Rhee replaced him as head of debt capital markets, Korea, reporting to Laurent Morel, head of debt capital markets and advisory, Asi-Pacific. Meanwhile, Gun-Suk Chai replaced Kim as head of financial institutions group, Korea. These roles are both within SG Securities Korea and have a local reporting line to Inhwan Oh, chief executive of SG Securities Korea. Kim previously worked under SG Securities Korea. 

Australia and New Zealand Banking Group appointed Michelle Jablko as chief financial officer, taking the helm from Graham Hodges, who held the position on an acting basis. Hodges now focuses on his role as deputy chief executive. Jablko reports to CEO Shayne Elliott. She previously worked at investment bank Greenhill & Co, where she was managing director and co-head for Australia since 2014. Prior to this, she was at UBS in Australia from 2000. She takes up her new position on 18 July. 

DBS Private Bank appointed Rob Ioannou, former co-head of HSBC Private Bank in Singapore, to take up a role leading its international team.

Manulife Indonesia, part of Canada-headquartered financial group Manulife, appointed Indren Naidoo as its new chief executive. He is based in Jakarta. He replaced Chris Bendl, former CEO and president director. Prior to his new position, Naidoo was regional CEO for Thailand, Vietnam and Cambodia at the same firm, a role he held since 2013.

Friends Provident International, part of the UK-based Aviva group of financial organisations, appointed Andrew Waddell as managing director for Singapore, subject to local regulatory clearance. Chris Gill, formerly the MD in Singapore, left the group for family reasons. Waddell was previously principal and executive director at Lahinch Partners. Prior to that, he co-led the establishment of AMP Advice, following the merger between AMP and AXA Australia. Based in Singapore, Waddell oversees the FPI business in the local market.

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Wealth technology firm Avaloq appointed Jürg Hunziker as group chief markets officer and deputy chief executive. The former SunGard executive joined the Switzerland-headquartered firm on 1 June.

Previously, he spent 27 years at US-based technology firm SunGard, founding SunGard Europe. Most recently, he acted as SunGard’s group president for the global trading, risk and private banking software and services business.

Dagmar Maria Kamber Borens, previously chief financial officer in Asia at UBS, took on the role of chief operating officer at the Swiss universal bank of Credit Suisse. Antoine Boublil held that role on an interim basis. When Credit Suisse (Switzerland) is launched in the final quarter of this year, Kamber’s role will widen the remit of the COO and reduce the number of reports to the entity’s chief executive, Thomas Gottstein. Kamber also took on overall responsibility for IT, headed by Mario Crameri; operations, headed by Marcel Schuler; and communications and marketing, headed by Béatrice Fischer. From the start of October, Crameri, Schuler and Fischer were due to report directly to Kamber. Kamber also reports to the global COO, Pierre-Olivier Bouée, and to Peter Goerke, head of human resources, communication and branding.

ABN AMRO Private Banking appointed Amrit Uppal as managing director for its world South Asian services and international team. Based in Singapore, Uppal reports to Lee Chang Tze, head of private banking, Southeast Asia. He has held positions with several global banks such as Barclays Wealth Asia and Credit Suisse in the UK. Most recently, he was with EFG Banking Singapore, where he was MD, global head of South Asian clients.

Joseph Poon, head of ultra-high net worth for South East Asia at UBS, and two senior figures, left the wealth management firm. Poon left along with Duncan Ong and Urs Grueter, who both held senior roles in the wealth management business. Poon had been at UBS since May 2012, having previously served as managing director at Julius Baer, where he was a member of the firm's Asia executive committee.

A senior banker at Bank J Safra Sarasin in Asia-Pacific left to pursue other interests. Scott Duncan left the firm – the bank gave no other details. Three years ago, Duncan was promoted to vice chair of client advisory. He was previously a managing director at the bank. That move followed the departure of the former vice chair of client advisory for Southeast Asia, Febby Avianto. Avianto subsequently joined RBC Wealth Management as managing director and market manager.

Nikko Asset Management appointed Yuichi Alex Takayama as global head of sales (international business). Takayama serves as both head of international business development and of the sales planning division. With more than 20 years of asset management experience, Takayama’s career has taken him to Tokyo, New York and London, mainly as a portfolio manager and senior analyst for Chuo Mitsui Trust & Banking (now Sumitomo Mitsui Trust Holdings) and Mizuho Trust & Banking Co. His most recent postings were as chief executive of the European unit of Tokio Marine and Asset Management Co, and head of international sales.

Bank of Singapore appointed former UBS employee Catherine Vannavong as an RM in Singapore. A former co-chief executive at Deutsche Bank, Anshu Jain, partnered with former colleague Bhupinder Singh to launch a non-bank finance company in India. Jain left the German lender in June last year.

Alibaba appointed former Goldman Sachs banker Douglas Feagin to lead its Ant Financial Services Group, heading its international business.

Credit Suisse made two senior appointments for its Asian private banking operations. Carole Cheung, formerly a senior manager and team head at BNP Paribas Wealth Management in Asia, joined the lender as MD, and market group head for the Philippines. Cheung reports to Benjamin Cavalli, who is head of Southeast Asia at the Asia-Pacific private banking arm of the Swiss bank. 

Stella Kong, meanwhile, joined as MD and as an additional market group head for China, reporting to Francois Monnet, head of Greater China, private banking, Asia-Pacific. (The bank has Alex Ng as market group head, China, and Credit Suisse is expanding leadership and management capacity.)  Previously, Kong was managing director and deputy regional head of private banking for Greater China and North Asia as well as market head for China at Standard Chartered Private Bank. She has more than 30 years’ of industry experience.

The man hired from fintech trailblazer Paypal to drive digital changes at Credit Suisse left to join a German bank. Holger Spielberg is to take on the role of group technology officer at Aareal Bank in Wiesbaden, with effect from 1 July. He has been at Credit Suisse for two years, holding the post of director of digital private banking.

A former chief investment officer for Julius Baer in the UK moved to a similar role at Bank of Singapore. Johan Jooste, who is based in Singapore, was previously CIO at Azure Wealth for just over a year.

From June 2014 to January 2015 he was CIO, UK, at Julius Baer. He was also head of the investment office (UK) at the same firm from July 2013 to January 2015. From August 2008 to July 2013 he was chief market strategist at Merrill Lynch Wealth Management, the business that was acquired more than two years ago by Julius Baer. From June 1999 to June 2008 he was head of international fixed income at RMB Asset Management.

An ultra-high net worth private banker at BNP Paribas, Carole Cheung, left the firm. She was based in Hong Kong.

Herbert Smith Freehills' private wealth practice promoted one of its Hong Kong-based lawyers to a China-focused role. Joanna Caen was head of private wealth for China; she was recently been admitted to practice in Hong Kong. Prior to joining the firm in early 2015, Caen was formerly head of private client litigation at Simpson Grierson, the New Zealand-based law firm.

Offshore law firm Appleby appointed Fiona Chan as partner to its Hong Kong office for its Asia banking and finance practice. Chan advised clients on various offshore jurisdictions and joins Appleby after working for about five years offshore in Hong Kong. She has also spent 10 years onshore with the London and Hong Kong offices of Clifford Chance. 

Knight Frank, the international property consultancy, appointed Alan Liu as managing director for China. The newly-created role is based in Shanghai. Liu, who has worked in the real estate sector for 23 years, reports to Piers Brunner, chief executive for Greater China. Previously, he was managing director, North Asia, at Colliers International for 14 years. 

Salamanca Group appointed Gordon Stuart as managing director of Salamanca Group Trust (Mauritius). Stuart joined with immediate effect and completes a handover process with Steve Whitley, the current MD, who decided to leave Mauritius to be closer to his children. 

Stuart has 18 years of experience in the private client and trust industry in South Africa. He joined from Sentinel International Advisory Services, a South African fiduciary services company, where he was most recently the group chief operating officer. He held that position since March 2009.

Julius Baer appointed Angela Bow as head of emerging Asia, a newly-created role. Bow leads the Swiss bank’s efforts to strengthen its wealth management franchise in the Philippine and Thai markets. Based in Hong Kong, she reports to Jimmy Lee, head of Asia-Pacific at Julius Baer. Bow has more than 30 years of experience in international private banking across Hong Kong, Tokyo, Geneva and New York, holding senior relationship management and market leadership roles. She joined from Credit Suisse, where she was most recently market group head for the Philippines and deputy market area head for Japan and emerging Asia. Previously, Bow worked at UBS Wealth Management for 14 years and the last position held was country team head for the Philippines market. She also worked at Citibank Private Bank and Swiss Bank Corporation Private Bank earlier in her career.

Citigroup appointed Amol Gupte as Citi country officer for Singapore and head of ASEAN, taking over from Michael Zinko, who left the bank. Gupte relocated to Singapore. He continues to report to Francisco Aristeguieta and participate in the Asia-Pacific operating committee. A 27–year Citi veteran, Gupte was head of trade and treasury solutions for Asia-Pacific since 2012. Previously, he served in a number of senior TTS roles in North America, EMEA and Asia. He started his career with Citi in the consumer bank in India with roles in sales, product management and treasury.

HSBC Private Bank appointed Chris Harwood as market head for Malaysia, global private banking, Southeast Asia. He replaces Michael Hua, who left the bank. Hua joined HSBC Private Bank in 2004 and was responsible for its market plans for Malaysia, Thailand and Vietnam. Harwood, who was with HSBC for 15 years, led the bank's intra group business development and private wealth entrepreneurs teams in Southeast Asia since 2010. 

North America

US Trust made a splash of hires across five states. In Delaware, Daniel Thompson joined the Wilmington office as a private client advisor. He previously worked at Barclays Wealth and Investment Management as the Philadelphia regional manager/director. In New York, Dennis Fogarty joined as a portfolio manager. He previously worked at Bank of America as a senior equity portfolio manager. Also in New York, Edward Finley joined as private client advisor, as did Fatima Sanandaji, joining from HSBC.

In Pennsylvania, Kenneth Montgomery joined the West Conshohocken office as a private client advisor. He previously worked at Hawthorn as a senior relationship strategist. Meanwhile, in the Lone Star state, Courtney Hall joined the Austin office as a senior trust officer. She previously held the same position at Wells Fargo.

In Washington, Jean-Pierre Green joined the Bellevue branch as a private client manager. He previously worked at Key Private Bank as a senior vice president and relationship manager (private banker). Lastly, in Washington, DC, Erin Hogan was appointed as a philanthropic sales specialist. She previously worked at JP Morgan Private Bank as an executive director of The Philanthropy Centre.

Vanguard named Michael Rollings as chief financial officer and head of its finance division. Rollings was previously executive vice president and chief financial officer at MassMutual Financial Group. He took the role from Glenn Reed, who will remain a member of the firm's senior leadership team and lead Vanguard's strategy division. He will be responsible for all of the firm's finance functions, including middle-office investment operations, investment product accounting and administration, and internal audit.

Maitland, the global advisory and fund administration firm, set up shop in Miami, FL, to serve its expanding pool of Latin American clients. Reid has relocated to Miami to continue to lead the group’s business development efforts in the region. He was joined by client relationship managers Pedro Olmo and Camila Saraiva, who will be responsible for the day-to-day management of Maitland’s book of LatAm clients. Olmo joined Maitland from Turim family office in Brazil, while Saraiva joined the team from Barbosa Legal, a Miami-based Brazilian law firm focused on UHNW clients.

The law firm Jenner & Block launched a private wealth practice, recruiting wealth management lawyers Barbara Grayson and Debra Levin, and department counsel Anne Brynn, in Chicago, IL. Grayson was most recently a partner in the Chicago office of Mayer Brown, while Levin joined from Seyfarth Shaw, where she was a partner. Brynn was most recently senior counsel in the wealth management group at BMO Harris Bank.

Former UBS man John Campanello stepped into Merrill Lynch’s Southlake, TX, office, re-joining the firm as a senior vice president and wealth management advisor. Campanello was joined by senior client service associate Peggy Cappelletti, who he has worked with since 1997. Lauren Campanello, his daughter, also joined the team as a financial advisor trainee. Campanello specializes in retirement income planning for affluent executives, business owners, retirees and their families. He started his career at Morgan Stanley in 1993, leaving the firm in 2001 for Merrill Lynch. He left Merrill to join UBS in 2009.

JP Morgan made a round of job cuts affecting around 100 employees in a range of roles and locations, The Wall Street Journal reported, citing “people familiar with the matter.” The firm declined to comment when contacted by Family Wealth Report. The news reportedly follows previous rounds of layoffs across the country in recent months. The WSJ said JP Morgan “has been recalibrating its private bank,” noting that clients will be required to have at least $10 million in investable assets later this year - twice the current minimum of $5 million. The WSJ added that its source said the private banking division reviews its employee ranks and culls underperformers “every year,” and that it “continues to actively hire.”

FolioDynamix, a provider of wealth management technology and advisory services, brought in Tom Christian as chief delivery officer - a new client role at the firm. Christian, who will report to Steve Dunlap, president at FolioDynamix, will oversee the operations, client service and implementations teams. He “brings a strong perspective on the value of mapped processes and measurable metrics to create efficiency and, more importantly, a positive client experience for every client,” the firm said. As it rolls out a new interface with FolioDynamix 8.0, the firm said it recognized the need to have “hands-on executive stewardship of key client-facing roles.”

Ryan Parker took the chief executive baton from Ric Edelman at Edelman Financial Services. Working alongside Edelman, who remains as founder and executive chairman, Parker will help shape the firm's strategic direction and lead its daily operations. By turning over executive duties to Parker, Edelman said he will be able to focus more on financial education and advice: “My wife Jean and I created the firm 30 years ago. But as the firm has grown, more of my time has been diverted to management activities.”

Parker was most recently a managing director of investment and planning solutions at LPL Financial. In that role, he led the sales, marketing, product management and sponsor relations functions in support of over 14,000 independent advisors and 700 financial institutions. Before LPL, he worked at Russell Investments, Franklin Templeton Investments and Putnam Investments.

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GenSpring Family Offices made three senior hires from The George Washington University Investment Office, EY and Wilmington Trust. Jennifer Cobleigh was appointed as a senior family investment officer in Washington, DC. Cobleigh's responsibilities include investment policy formation, client asset allocation and portfolio management, investment manager selection and client portfolio performance reviews. Before joining GenSpring, Cobleigh was a senior investment officer at The George Washington University Investment Office and part of the team that managed the university’s $865 million pooled endowment.

Meanwhile, Russell Sanders joined as a senior family wealth advisor, also in Washington, DC. Sanders has a strong background working with wealthy families and family offices, GenSpring said. He was previously an executive director in Ernst & Young’s Private Client Services Group based in McLean, VA. Lastly, Michael Wu was named as a senior family investment officer, working with clients in the western region across Costa Mesa, Los Angeles and San Francisco. Wu spent the last ten years as a senior investment officer at Wilmington Trust. At GenSpring, he is reunited with his former Wilmington Trust colleagues, Alan Bonde and Jan Vega, who joined GenSpring two years ago. The three will work together in GenSpring’s Los Angeles family office.

SS&C Technologies appointed Dave Welling and Robert Roley to head up the recently enlarged business of SS&C Advent, as Pete Hess prepares to step down as senior vice president and general manager.

The reshuffle came almost a year after SS&C Technologies completed its $2.63 billion acquisition of California-headquartered Advent Software. SS&C, headquartered in Windsor, CT, now serves around 10,000 financial services organizations. Hess, who will be leaving SS&C Advent at the end of June, moved into a strategic advisor role. He has been with Advent since 1994 and has served as chief executive of the firm. Following the takeover, Advent was reorganized into two market facing groups; Advent Advisory headed by Welling and Advent Alternatives and Asset Management, led by Roley. Both will report to Norm Boulanger, president and chief operating officer of SS&C.

The former chief investment officer of Merrill Lynch's global wealth management business, Chris Wolfe, was appointed as CIO at First Republic Private Wealth Management. Family Wealth Report understands that Merrill Lynch will be naming a successor in due course.

Wolfe will report to Bob Thornton, president of First Republic Private Wealth Management, which includes First Republic's investment, trust and brokerage groups. Wolfe held his previous Merrill Lynch post for ten years and before that was global head of equities at JP Morgan Securities/JP Morgan Private Bank. Earlier, he held research management roles at Lincoln Capital and Dover Management.

BNY Mellon Wealth Management created two new roles dedicated to markets in the north- and south-west regions of the US. Robert Kricena was named regional president of the northwestern zone, which spans San Francisco, CA, Palo Alto, CA, Menlo Park, CA, Seattle, WA, and Denver, CO.   Kricena previously held leadership roles overseeing the growth of investment, wealth management and private banking operations at Wells Fargo in California.

Meanwhile, Shannon Kennedy, who previously led BNY Mellon's wealth management offices in the Orange and San Diego counties, will now lead the firm’s southwest offices. This region encompasses San Diego, CA, Newport Beach, CA, Los Angeles, CA, Las Vegas, NV, and Dallas, TX.

Kennedy joined BNY Mellon in 2013 as regional president of the Newport Beach, CA, branch. In that role, she oversaw the firm’s expansion into San Diego County, and also solidified its presence in Orange County. Earlier, Kennedy spent 26 years at Northern Trust in roles including global director of sales, marketing and portfolio management for the firm’s global family and private investment offices group. Kennedy and Kricena will both report to David Emmes, president of US western markets at BNY Mellon Wealth Management. They are based in Menlo Park and Newport Beach respectively.

Ford Clary joined US Bank's Private Client Reserve as a managing director in Seattle, WA, charged with leading the personal trust team. Clary was previously a fiduciary advisory specialist at Wells Fargo Private Bank and before that a senior trust officer at Merrill Lynch Trust Company. He began his career in the banking and financial services industry in 2007. In his new role at US Bank, he will work with clients and their legal advisors on the financial and estate planning side.

Evercore Wealth Management hired Thomas Mahowald as a managing director and portfolio manager in Minneapolis, MN. Mahowald was formerly a portfolio manager at US Trust and before that chief investment officer in the Twin Cities at Great Northern Capital, an asset manager for institutional and high net worth individual clients. Earlier still, he was director of equity research at FAF Advisors and American Express Financial Advisors. At Evercore, Mahowald reports to Martha Pomerantz, a partner and portfolio manager.

Union Bank boosted its private wealth management team in California with three hires. Simone Branigan, Ralph Dickman and Mary Murray all joined as vice presidents and private wealth advisors. Branigan is based in Beverly Hills, serving the Beverly Hills, Santa Monica, and Pacific Palisades markets. Dickman is based in San Jose, serving the San Jose and Palo Alto markets, and Murray is based in Rancho Santa Fe, serving the Rancho Santa Fe and northern San Diego markets.

They all report to Joe Sweet, managing director and head of private wealth management. Branigan returned to Union Bank after serving as a private client advisor at City National Bank for the last several years. Dickman also joined from City National, where has was a private client advisor. He spent the first half of his career in the technology industry in Silicon Valley. Lastly, Murray spent over 30 years at Wells Fargo Private Bank in a variety of roles, most recently as a wealth management advisor. 

Regions Bank named Kate Danella as its new head of private wealth management, taking the reins from Anne Copeland, who the firm confirmed is leaving to “pursue executive coaching opportunities.” Danella joined Regions in 2015 as its wealth strategy and effectiveness executive; taking on this role will be Jeremy King, who started working at the firm in 2007 and latterly served as support manager of the private wealth management group.

Both Danella and King are based in Birmingham, AL. Earlier in her career, Danella spent 13 years as a vice president at Capital Group Companies, a global wealth management organization. During her time there, she was a senior sales and service leader for the institutional business, as well as senior marketing leader for the global marketing organization, and strategy and business manager for the American Funds mutual fund business. 

Advisor Partners, the US investment manager, recruited business development expert Scott Ruddick as a managing director in Boston, MA. Ruddick was most recently managing director of business development for North America at Mellon Capital Management, a BNY Mellon firm, where he spent 14 years overall. Earlier, he was a managing director and head of institutional at Eaton Vance Investment Managers, and held marketing and client service roles at PanAgora Asset Management and The Boston Company.

Nuveen Investments, an operating division of TIAA Global Asset Management, recruited Bill Stout as a managing director and head of alternative investments business development. In this newly-created, New York-based role, Stout will help Nuveen place private funds onto the investment platforms of wealth managers who serve retail and high net worth investors. He is also tasked with growing the firm’s alternative investment distribution capabilities and representing investment strategies to clients on behalf of portfolio managers.

Stout was most recently managing director of business development and investor relations at Corsair Capital Management, an event-driven hedge fund manager, where he was responsible for leading the sales and client service efforts. Before that, he was a managing director at the hedge fund-of-funds firm Robeco-Sage as well as successor firm Arden Asset Management holding sales, business development and investor relations leadership roles. In his new role at Nuveen, Stout will report to Mike Perry, managing director and head of alternative investments.

Former Geller & Co executive Joe Calabrese joined Key Private Bank as national head of investments - a new role at the firm. Calabrese most recently served as president and chief executive of Geller Family Office Services, the New York-based RIA and multi-family office. He took on the role in September 2013, joining from Harris myCFO, the multi-family office unit of BMO Private Bank. He left in December 2015.

Based in New York City, Calabrese is now responsible for the development and execution of Key’s private client and institutional investment strategy for wealthy individuals, families, business owners and institutions. He will report to Terry Jenkins, president at the firm. Geller & Co's Hayden Horowitz now serves as chief operating officer of Geller Family Office Services, overseeing the business with the rest of the team, alongside his other role as head of real estate solutions.

 

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Wilmington Trust expended its wealth advisory team in Delaware with three new hires at its headquarters in the state. Sandra Massa joined as a senior private banker, while Suan Tan and Stephen Crifasi joined as a fiduciary advisor and private client advisor respectively.

As a senior private banker, Massa works with high net worth individuals, providing banking and credit solutions offered by M&T Bank, Wilmington Trust's parent company. She also provides services through the local wealth advisory team including investment management, planning, trust, family governance and family office services. Massa has joined the firm from PNC Bank, where she was vice president of commercial banking.

Crifasi was previously a private client advisor within Wilmington Trust’s family wealth unit, having been a research analyst at Penn Square Capital before joining the firm in 2009. In his new role, he will work with clients – including HNWIs, families, business owners, entrepreneurs and foundations – and their advisors throughout the Mid-Atlantic region.

Lastly, Tan, a fiduciary advisor, will serve personal trust clients in the Mid-Atlantic region as well as nationally. He was previously a trust marketing officer at M&T Bank and before that a trust associate at Morgan Stanley Smith Barney and trust assistant at Citi Trust.

Peter Raimondi, president at Boston Private Wealth, is leaving the firm. Raimondi moved over to Boston Private Wealth when it acquired his former firm, Banyan Partners, two years ago. Corey Griffin remains as chief executive of Boston Private Wealth and Raimondi will stay at the firm for the next couple of months. The firm said that a replacement was not being considered at this stage.

Bank of the West named one of its private client advisors, Spencer Gould, as a senior client executive at the Los Angeles, CA, branch of its family wealth advisors division. Before joining Bank of the West, Gould was a managing director at First Foundation. He has also worked at Bank of America's private bank and BNY Mellon Wealth Management, in addition to smaller boutique firms.

Wilmington Trust promoted Larry Gore to senior vice president and co-manager of its wealth advisory business, alongside Mark Graham. The firm confirmed that the co-manager position is new, as Graham previously oversaw of all of wealth advisory.

Gore is tasked with overseeing the national strategy for business development and planning, as well as investment advisory. He will also oversee wealth advisory services spanning the New York, Connecticut, Massachusetts and northern New Jersey markets, as well as Atlanta, GA, Florida and Los Angeles, CA. Gore joined Wilmington Trust in 2010 as president of the New York wealth advisory office before being promoted to Northeast region president in 2014, overseeing the New York metro region, northern New Jersey and Boston markets. He had previously spent 18 years at UBS and has also spent time working at JP Morgan.

Artivest, the investment platform that provides access to alternative funds, named Michael Kosoff as director of investment research. Kosoff was previously managing director and head of hedge fund strategies within Bank of America Merrill Lynch's global wealth and investment management division. Before that he was a vice president of hedge fund research at CTC Consulting.

Robert Sierens joined Citi Private Bank's Chicago, IL, office as central regional market manager – a new role at the firm. Sierens will report to Mark Connally, global market manager for the central region at Citi Private Bank in North America. He joined Citi from Credit Suisse Private Banking, where he was latterly Midwest regional manager, responsible for 55 relationship managers and 45 staff members.

He previously held management roles at Credit Suisse including as Northbrook, IL, branch manager, central region sales manager and national training program coordinator. He started working at Donaldson, Lufkin, and Jenrette in 1999 to oversee ultra-wealthy, family office and small institutional clients within the Chicago region.

Lombard International, the global wealth structuring firm, is pressing on with its US expansion and named Michael Gordon as its new chief executive of the region. Gordon took the reins from John Hillman, who is now executive chairman of Lombard International globally following the integration of US-headquartered Philadelphia Financial with Luxembourg-headquartered Lombard International Assurance in September 2015.

Gordon was previously global head of insurance solutions at BNY Mellon and has also served as CEO of Tiber Capital Management, where he managed assets for insurance and reinsurance companies. Earlier still, he was an executive at New York Life Insurance Company, leading investment and insurance product management, sales and marketing. Gordon will spend time working at the firm's recently-launched New York City office as well as in Philadelphia, PA.

RBC Wealth Management named Michael Armstrong as its new chief executive for the US, effective when current CEO John Taft retires on May 31. Armstrong will move to RBC from Jefferies & Co, where has been global head of wealth management since joining in 2014.

He will lead RBC Wealth Management's 4,700 US employees from its headquarters in Minneapolis, MN, reporting to Russell Goldsmith, chairman and CEO of City National Bank. Goldsmith was given the additional responsibility of overseeing RBC Wealth Management-US when RBC acquired City National in November 2015.

Before starting at Jefferies & Co, Armstrong held senior roles at Morgan Stanley between 1987 and 2012. In 2006 and 2007, and again in 2011 and 2012, he oversaw Morgan Stanley’s global wealth management capital markets business. Then from 2008 until 2010 he was global head of the company’s private wealth management division – a role in which he oversaw a 2,100-person team focused on high net worth clients in the US, Latin America, Europe and the Middle East. Earlier, he worked in the fixed income division as well as in Hong Kong as chief operating officer of a regional enterprise with nine offices in 11 Asian countries.

Casey Hannon joined Citi Private Bank as a director and investment counselor in the Mid-Atlantic region.  Hannon will be based in Philadelphia, PA, and report to Michael Persinski, head of investment for the US eastern region at Citi Private Bank. Rob Kyle, who left Citi Private Bank around a year ago, was the previous investment Philadelphia-based counselor.

Hannon joined Citi Private Bank from JP Morgan, where he spent 14 years – most recently as a private banking investment specialist in Philadelphia. In that role, he was responsible for all Mid-Atlantic investments business based in the state and led a team of six investment professionals. Earlier, Hannon was a senior business analyst in JP Morgan's Delaware office.

Riverview Trust Company, a wholly-owned subsidiary of Riverview Community Bank, named Christopher Cline as president and chief operating officer. Cline, the trust company's first COO, will work alongside chairman and chief executive John Karas to oversee day-to-day business operations, and lead strategic planning and business development efforts. Before joining Riverview, Cline was senior regional fiduciary manager at Wells Fargo, heading up trust services in Oregon and southwest Washington. He has also helped with the drafting and revision of Oregon trust and estate law over the past ten years, Riverview said.

Gratus Capital Management, the Atlanta, GA-based RIA, brought in Marc Heilweil as a portfolio manager. Heilweil was previously president and founder of Atlanta-based Spectrum Advisory Services, which has served high net worth individuals and families for 40 years. He has also managed the Marathon Value Portfolio, a mutual fund, since 2000.

Banc of California hired Arby Sanoyans and Anto Shakelian as senior directors within its Century City private banking office. Sanoyans spent the last seven years at Wells Fargo, where he was most recently a vice president and senior private banker. Shakelian also joined from Wells Fargo, where he served for ten years, most recently as a vice president and private banker.  

Arizona Bank & Trust, a division of Heartland Financial USA, brought in Tim Schultz to lead its private client services business. Schultz replaced Nancy Tengler, who has been promoted to chief investment officer for Heartland. Tengler and Schultz will both be located the bank’s Camelback banking center.

Schultz’s primary responsibility is to lead and grow the private client services business in the state of Arizona. He was most recently regional a wealth manager at Johnson Bank and chief operating officer for the western region at BMO Private Bank. Before that, he was director of institutional trust, including family office Services, at two other financial institutions.