In a busy month for moves in wealth management around the world, one notable change was the departure of Citigroup's CEO, Vikram Pandit.

United Kingdom

Foresight Group, the UK boutique which focuses on environmental, infrastructure and private equity investments, named Nick Morgan as sales director. Morgan is charged with developing Foresight’s links with IFAs, and to up its profile as a provider of tax-efficient investment products related to the renewable energy sector, like solar power production. Morgan joined from Octopus Investments, where he had been fundraising for venture capital trusts, enterprise investment schemes and business property relief products for five years.

The UK's Investment Management Association appointed Daniel Godfrey as its new chief executive. Godfrey takes over from Richard Saunders who remained with the IMA in an advisory capacity until the end of 2012. Godfrey was previously communications director at Phoenix Group. He also served as director general of the Association of Investment Companies, as a member of HM Treasury’s Financial Services Forum and as chairman of the Personal Finance Education Group, among other roles.

The Association of Investment Companies elected Andrew Bell as its new chairman. Bell will take up the role on 24 January 2013 following the completion of incumbent Sarah Bates’s two-year term of office. Bell had been AIC deputy chairman and is chief executive of Witan Investment Trust and a non-executive director of Henderson High Income Trust.

RBC Wealth Management launched a new Intermediary Wealth Solutions offering, appointing Adam Norris to lead the development of the business. Norris is based in Jersey, focusing on developing RBC’s institutional client relationships in the Channel Islands (such as with offshore trust companies, offshore fund and investment managers, family offices, insurance companies and captives). He joined from HSBC Private Bank, where he oversaw a team focused on Channel Islands-based private clients and intermediaries.

Parmenion, the UK-based investment systems and advisor support services firm, named Andrew Doughty as corporate development director. Doughty, based in London, focuses on identifying and analysing investment opportunities and joint ventures as part of Parmenion’s growth plans. Doughty is a director of Doughty Finance, a corporate finance business he launched in 2002.

Legal & General named Paul Stanworth as head of treasury and investments, a newly-formed team created with the aim of delivering investment and financing strategies consistently across its total balance sheet, and achieving financial risk efficiencies. Stanworth has been with Legal & General since 2008.

Paradigm Group, the UK-based financial services group, named Lothar Mentel as chief investment officer and head of its new investment management arm. Mentel was latterly CIO at Octopus Investments, where he is credited with having helped build its fund business and range of multi-manager, absolute return and UK small- and micro-cap products. In his prior career he was head of investment product research at NM Rothschild Private Management and head of product development at Threadneedle Asset Management.

BlackRock appointed Richard Turnill as chief investment strategist of the newly-created Alpha Strategies group, charged with developing strategic plans for the group's product range from 1 January. As well as being chief investment strategist - as which he reports to group leader Quintin Price - Turnill also remained as head of the global equity team until 31 December. However, James Bristow, who had been managing director and senior portfolio manager within the global equity team, will succeed Turnill in this role on 1 January. The firm said Turnill will hand over his portfolio responsibilities after this time and act as an advisor until September of next year.

Bovill, a regulatory compliance consultancy, made two further additions to its London team. John Everett joins as head of technical while Alex Culley has been appointed as a consultant. Everett previously spent a decade with UK regulator the Financial Services Authority, where he was most recently a manager in the investment funds team. Culley joined from the IMS Group, where he covered brokers, OTC derivatives, EMIR, CFTC and MiFID II.

The wealth and investment management division of Barclays added private banker Andrew Crossley to its Essex office. Crossley joined Barclays after 15 years with Coutts, the last four of which he spent as a private banker responsible for a book of 400 UK resident and domiciled clients.

London-headquartered ECM Asset Management, the fixed income and credit manager which is ultimately owned by US giant Wells Fargo, appointed Valerie Keller-Crochet as a specialist portfolio manager. Keller-Crochet was latterly a credit flow trader on corporates at Société Générale in London, having previously been a trader assistant in commodities at JP Morgan.

Sciens Capital Management Group named Farhang Mehregani as chief investment officer of its alternative investments division, which includes the firm’s funds of hedge funds business and its managed account, investment and advisory services capabilities. Mehregani, who reports to Sciens Alternative Investments’ chief executive Stavros Siokos, is also a member of the investment committee for Sciens’ FoF business.

Schroders UK private bank chief executive Rupert Robinson decided to leave the firm to pursue other interests, with Philip Mallinckrodt, group head of private banking, succeeding him in this role. Robinson joined Schroders as a managing director and head of investment within private banking from Beaumont Capital in 2002. Before that, he spent 17 years at N M Rothschild & Sons.

Aviva Investors, part of the Aviva group, said its head of strategic alliances, Malcolm Mackenzie, had left alongside investment sales manager Nick Hendy following a reorganisation of the sales team. Mackenzie held his role as head of strategic alliances at Aviva for nearly six years, having joined the firm in January 2007.

Director David McCorkell retired from the board of Brewin Dolphin. McCorkell, who had been head of investment management, joined the firm’s board back in 2003 (he became a director of Brewin Dolphin Holdings’ in 2006). He was appointed as head of investment management in 2007.

Walker Crips, the UK-based financial services group, added investment director Oliver Brind to its investment management division. The hire of Brind – formerly a client director at Credit Suisse – was part of moves by the firm to expand its private client business. Brind reports to Mark Rushton, the firm's chief investment officer.

Parmenion, the UK-based investment systems and advisor support firm, bolstered its fund research business by adding Emily Booth and Peter Dalgliesh, as senior investment manager and investment director respectively. Booth was latterly an investment manager at Canada’s Sun Life Financial, having previously worked for Goldman Sachs, JBWere and Deutsche Asset Management.

Scottish Widows Investment Partnership named Lynda Shillaw as director of real estate, effective 1 January. Reporting to Dean Buckley, managing director of SWIP, Shillaw is responsibiley for the 50-strong real estate team and over £8 billion (about $12.8 billion) in assets under management. She was previously managing director of corporate real estate for corporate and institutional banking within Lloyds Banking Group, of which SWIP is a subsidiary.

SL Capital Partners, the private equity fund of funds manager, promoted Jamie Ebersole to managing director and Patrick Knechtli and Mark Nicolson to partner, effective from 1 January. Ebersole, who joined SL Capital in 2008, is based in Boston, responsible for the management of the US investment team and North American investment programme. He has helped to developed SL Capital’s investment coverage across North America and sits on the advisory boards of several leading North American private equity funds. Knechtli, who joined the firm in 2009, now leads SL Capital’s secondary investment programme.

Deutsche Bank Private Wealth Management appointed relationship managers Matthew Garnham and Corin George. Garnham joined from Lombard Odier, where he worked with Middle Eastern institutions and ultra high net worth individuals. Previously he worked on the Middle East desk at Credit Suisse.  George was latterly a director/wealth manager in the City professionals team at Coutts.

Both appointees report to Annabel Bosman, director.

RBC Wealth Management added to its London-based Eastern Europe desk, which was established close to a year ago, naming Tanya Blazhko and Nathalie Gorshkova as directors. Blazhko and Gorshkova, who report to Philip Harris, head of UK private clients, have been charged with expanding RBC Wealth Management’s reach into the Eastern European markets, including the CIS region. Blazhko joined from Bank of America Merrill Lynch, where she had been vice president, structured products and derivatives on the firm’s emerging markets/CIS desk. Gorshkova, meanwhile, was latterly a senior relationship manager at BNP Paribas Wealth Management.

Nucleus, the UK IFA-owned and controlled wrap platform, appointed Alistair Kettlewell to the newly-created position of platform marketing manager. Kettlewell, who had been at Aviva for the last eight years, was to join on 3 January, 2013.

Brewin Dolphin brought in Allan Riddell, formerly head of investment management at Scottish stockbroker Speirs & Jeffery, to its Glasgow office. At Speirs & Jeffery, Riddell also served as senior associate director, while providing discretionary and advisory services to clients.

Investec Wealth & Investment added Bryan Burrough to its London-based charities division as a senior investment director. Burrough was latterly managing director and chief investment officer for charities at BlackRock. Before this he was with Merrill Lynch Investment Managers and prior to that he was a pension and charity portfolio manager at Cazenove & Co.

Barclays named Tim Breedon - former group chief executive of Legal & General - as a non-executive director. Breedon stepped down from the board and as group CEO at L&G on 30 June, but remained an advisor to the firm. He joined L&G in 1987.

JP Morgan Private Bank boosted its UK investor team with the addition of Raphael Schlaefli as an executive director and Patrick Vaccari as an associate. Schlaefli was latterly chief investment officer at Synergy Asset Management based in Geneva, having previously been a founding member and senior portfolio manager at Signia Wealth. Vaccari, meanwhile, was previously an investment advisor on the Italian and Middle Eastern teams at Morgan Stanley Private Wealth Management.

Rowan Dartington, the Bristol-based wealth manager, opened a new Cheltenham branch under the leadership of former Coutts investment advisor David Smith.

Before his two years with Coutts, Smith was a business development consultant for Second Row Consultants.

Charles Stanley hired Ben Yearsley as head of investment research for its direct-to-client investment offering, Charles Stanley Direct, which is due to be launched in the first quarter of next year. Yearsley, who has particular expertise in open-ended fund and venture capital trusts, previously spent 14 years at Hargreaves Lansdown.

The UK's Association of Private Client Investment Managers and Stockbrokers named as its new chairman Tim Ingram, chairman of UK-listed RSM Tenon, the troubled advisory and accountancy firm. Ingram succeeded John Hall, who stepped down after six years in the role. Ingram previously served as chairman of Collins Stewart Hawkpoint and as a non-executive director at Savills and Alliance Trust.

International law firm McDermott Will & Emery bolstered its private client practice in London, adding Astrid Owen as partner. Owen joins the firm from Withers, where she had also been a partner.

Coutts appointed David Batey as director of its Isle of Man business, a role in which he leads the wealth management team located in the UK Crown Dependency. Batey is a 29-year veteran of the RBS Group. He was most recently regional director for RBS Private Banking for the northern and eastern London areas, which included responsibility for both the Drummonds and Child & Co brands.

Scottish Widows Investment Partnership appointed Neil Tong as a senior credit analyst. Tong is based in Edinburgh, reporting to Laurent Frings, head of credit research, as part of SWIP’s UK and European credit team under the leadership of Daniel McKernan. Tong joined from Alliance Trust.

Heartwood Investment Management hired Kevin Rait as intermediary client director. He joined from Arbuthnot & Co, where he launched its discretionary fund management proposition to financial advisors. Heartwood also promoted Emma Laughlin to be intermediary support manager. She has been with Heartwood Investment Management since 2007.

JO Hambro Investment Management bolstered its charities team with the appointment of Edward Novis as an investment manager. Novis has been with JOHIM since 2010.

Santander Asset Management UK added Elena Kstova-Oksanen and Andrew Shenton to its fixed income team, as senior credit analyst and credit analyst respectively. Kstova-Oksanen, who covers European utilities and telecoms, joined from Baring Asset Management. Shenton, meanwhile, covers European financials and was latterly director of financial institutions at Fitch Ratings.

The Isle of Man’s department of economic development appointed John Spellman as director of financial services. He served as a special advisor to the department for a number of years. Spellman has led several large financial services organisations in the UK.

The wealth and investment management division of Barclays hired private banker Elaine Hepburn to its Aberdeen office. Hepburn reports to Mark Flynn, director of wealth and investment management in Aberdeen. Hepburn joined from Aberdeen Asset Management.

Source, the exchange-traded product provider, appointed Nicolas Samaran as head of investment content, a role in which he will head up the firm’s overall product offering with responsibility for selecting new investment products from external providers.

Samaran joined from Man Investments.

Legal & General Investment Management continued a spate of senior hires with the appointment of Teresa Poy as chief compliance officer. Poy joined from TT International, where she had been head of compliance for Europe and North America.

KPMG appointed Michael Anderson to head its new direct tax litigation practice in the UK. Anderson was recruited from US law firm Dorsey & Whitney, where he was a partner in the tax litigation team.

Coutts appointed Michael Mount as managing director within its international business in the UK. Mount leads Coutts’ Asia, Africa and non-resident Indian teams in London. He reports dually to to Stephen Fletcher, chief operating officer for Coutts & Co, and Ranjit Khanna, head of South East Asia and global NRI.

Kleinwort Benson made two hires for its offshore private wealth management business in Jersey. Joining as head of business management was Andrew Warren, while Jonathan Hibbs was appointed private wealth management support team leader.

Warren was latterly head of the relationship service team at Deutsche Bank’s private wealth management business, overseeing the Channel Islands, the Middle East and Africa. Hibbs also from Deutsche, was an account manager in the private client team.

Both men report to Clive Wright, managing director of Kleinwort’s offshore private wealth management arm.

The financial planning arm of UK wealth management group Ashcourt Rowan hired two new regional managers for the southeast. Reporting to Chris Johnson, regional director, Chris Fuller and Carole McMahon are responsible for developing business relationships across the southeast and provide support for the nine advisors the firm already has in the region.  Before joining Ashcourt Rowan, Fuller was regional manager for the City of London at Barclays Financial Planning. McMahon was previously operations manager at Pier Financial, where she worked for 16 years.

Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, appointed Alain Nsiona Defise to the newly-created position of head of emerging credit. He is based in the firm’s London office. Nsiona Defise joined from JP Morgan where he was in charge of managing the emerging corporate franchise.

UK-listed Charles Stanley appointed Alistair Mitchell as senior investment manager in its private client wealth division. He is based at the firm’s office in Wimborne, Dorset. Mitchell previously worked at Ashcourt Rowan Asset Management; before that he was head of investments at Bournemouth solicitors Lester Aldridge.

Smith & Williamson appointed Nick Murphy as investment management director in its London office. His areas of focus include investment for private clients, family offices, charities and trusts, and investment advice for self-invested pension plans. Murphy joins from Quilter, where he spent 13 years.

Coutts appointed senior manager Nick Gornall as head of UK learning and professional development, coming at a time when the firm is taking a new approach to educating wealth management professionals worldwide. Gornall was previously a private banking head for the Entrepreneurs client group at Coutts and for its south east and south west regional businesses in the UK.

Saffery Champness, the UK-based accountancy firm, recruited the entire film and television unit from rival RSM Tenon as part of its ambitions to become the UK’s leading accountants for sports and entertainment professionals. The former RSM Tenon team is 17-strong and includes partners John Graydon and Nigel Burke. The team is overseen by Julian Hedley, who was recruited from RSM Tenon by Saffery Champness at the start of last year to head its sports and entertainment group.

City Financial, the London-based investment manager, recruited Eden Financial’s head of asset management, Ed Rosengarten, along with four of his colleagues, in a move which will see the transfer of the CF Eden UK Select Opportunities Fund to City. Rosengarten took the newly-created role of head of UK asset management at City. The four other team members are: Leigh Himsworth, manager of the CF Eden UK Select Opportunities Fund; Thomas Leah, credit fund manager, who ran a segregated fixed income managed account at Eden; Kevin Mordrick, latterly head of discretionary sales at Eden; and Mark Harris, who was formerly a multi-asset fund manager at Eden and who is now charged with developing City’s in-house multi-manager capabilities.

GLG Partners, now part of Man Group, appointed Jon Mawby as a senior portfolio manager within its global credit and covertibles team. Mawby is now lead portfolio manager on both the GLG Global Corporate Bond and GLG Strategic Bond funds, reporting to Steve Roth, GLG’s head of credit.

Ignis Asset Management’s head of marketing James Senior left the firm following an internal review, alongside a number of other marketing personnel. The review, which has been ongoing for 12 months, comes after the group revised its growth strategy under chief executive Chris Samuel. Senior joined Ignis in 2008 from New Star Asset Management, where he was head of marketing communications.

The UK-listed investment company Alpha Strategic appointed Alistair McKay as chief executive with effect from 1 October 2012. His appointment followed the resignation of Dr Nicola Meaden Grenham’s in July 2012; Dr Meaden-Grenham remains on Alpha’s board as a non-executive director. Before joining Alpha, Mackay, a chartered accountant, was a senior advisor to the US private investment firm Asset Management Finance.

Switzerland

Mirabaud Asset Management, part of Geneva-based Mirabaud & Cie, appointed Patrick Stauffer to oversee the marketing of funds and mandates to financial intermediaries and institutional clients in German-speaking Switzerland. Stauffer was latterly regional head at Pictet & Cie, where he had been responsible for the development and marketing of its asset management services in various European countries for 12 years.

Societe Generale Private Banking named Yves Thieffry as its new chief executive for Switzerland. Thieffry has been deputy CEO of Societe Generale Private Banking since 2007.

Alpadis, the multi-jurisdictional service provider, named Cecile Civiale Vuillier as a managing director, giving her responsibility for its Swiss operations. Vuillier, based in Nyon, joined from Bedell Group, where she was managing director at the legal and fiduciary services firm’s Swiss arm.

Societe Generale appointed Giovanni Ortolani to the newly created role of senior private banker for the French firm’s private investment banking activity in Geneva. He had been chief country officer for Italy since 2007 and joined the firm’s corporate and investment banking business as senior banker and head of public sector coverage in Italy in 2005. He has worked at firms including Bankers Trust and UBS.

Europe

Banca Leonardo, a Milan-headquartered private bank with clients in Italy and France, recruited Massimo Fortuzzi as a senior banker. Fortuzzi was latterly chief executive of Idea Sim, a financial advisory firm in Milan.

Lloyds TSB Offshore appointed Tim Cooke to head the Channel Islands businesses of Lloyds Banking Group. Cooke has over 30 years of experience in the banking industry and has moved to Jersey to take on the role of islands director, working also in Guernsey and the Isle of Man on a regular basis. Cooke joined the group in 2004 after holding senior roles in retail and corporate banking in the UK, the Channel islands and continental Europe.

ETF Securities (UK), the provider of exchange-traded products, appointed Peter Lindblom as head of its Nordic region. Lindblom now reports to Isabell Mössler, co-head of sales for Europe, the Middle East and Africa. He brings 16 years of international banking and sales experience to the role and was most recently at NSBO Ltd, a specialist global institutional broker, where he was responsible for China macro/sector thematic sales to Nordic institutional investors, banks and corporations.

Italy’s UniCredit appointed Massimiliano Fossati as chief risk officer for Italy. Fossati succeeded Juergen Kullnigg, who moved to UniCredit Bank Austria to oversee the Austria and Central and Eastern European markets. Fossati had been with UniCredit for two years, having previously worked for Turkey’s Yapi Kredi Bank.

Jersey-based JTC Group appointed Habiba Boughaba as managing director in Luxembourg. In addition to managing the Luxembourg office, Boughaba provides corporate governance support and substance monitoring to client structures. Boughaba joined from Alter Domus, where she headed the legal department in Luxembourg.

Carmignac Gestion, the French asset manager, named Emmanuel Litique as client development manager for Northern Germany. Litique reports to Kai Volkmann, head of country in Germany and Austria. He has over 17 years of experience in the financial services industry, seven of which were spent at Morningstar in Frankfurt where he eventually took on the role head of sales for Germany, Austria and Central and Eastern Europe.

Renaissance Asset Managers, which specialises in emerging and frontier markets, appointed Mark Robinson as head of fundamental research. Robinson, who works as a consultant based in Prague, leading the firm’s thematic research efforts, working with the investment teams on strategy and asset allocation across portfolios to further integrate RAM’s bottom-up and top-down insights. Robinson was latterly head of equities at Wood & Company, having previously been that firm’s head of research.

Deutsche Bank named Anthony Dessain as a non-executive director and chairman of the board in the Channel Islands. Dessain is a senior partner at Jersey-headquartered law firm Bedell Cristin, specialising in insolvency and international private client work. He is also a notary public, an international committee member of the Society of Trust and Estate Practitioners, an active member of the International Bar Association and a member of Insol International and Insol Europe, among other professional organisations.

The wealth and investment management division of Barclays has promoted in the region of 40 employees across its Guernsey and Jersey operations, including three promotions to director and 10 to vice president. The promotions were effective across all levels of the organisation and throughout a number of divisions.

Ogier, the international legal and fiduciary services firm, appointed three new partners, with effect from 1 February 2013. The partners are Katrina Edge, Victoria Yates and Paul Lawrence. Yates and Edge are based in the firm’s offices in Jersey and Lawrence is moving to Luxembourg to lead the creation of a fiduciary office in that European jurisdiction.

Reech AiM Group, the international asset management firm specialising in absolute return strategies, appointed Daniel Betts as client services director. Betts was latterly a client relationship manager at Aviva Investors.

The IMS Group, the international regulatory advisory firm, said Stephen Burke, currently director and board member at the group, was taking the role of managing director for Europe, Middle East and Africa for the company. Burke reports to Michel van Leeuwen, The IMS Group's chief executive officer. This move followed the decision by Alan Leale-Green, the managing director of IMS’s UK office, to step down from this role following the integration of MMS-RSL, founded by Leale-Green and the first company acquired by IMS in February 2011. He continues to contribute his expertise in regulatory compliance to IMS on a part-time project basis.

Societe Generale Private Banking named Jean-Pierre Flais as chief operating officer.

Flais became a member of the executive committee and reports to Jean-François Mazaud and Patrick Folléa, respectively head and deputy head of Societe Generale Private Banking. As COO, Flais is in charge of supervising the resources (IT, operations and transversal projects) and general secretariat teams. Previously, Flais was deputy chief executive officer of Societe Generale Private Banking Hambros in London from 2007. Flais joined the Paris-listed banking group in 1986.

Jersey-based law firm Sinels appointed Marcus Stemmer-Baldwin to head up its litigation and dispute resolution practice. Stemmer-Baldwin has more than 17 years of litigation experience in both onshore and offshore environments; he has specific expertise in commercial disputes and contractual matters as well as in-depth knowledge spanning civil litigation, personal injury and fatal accident claims, divorce and family issues. In his previous role, he worked at the Cayman Islands law firm of Ritch & Conolly.

Latin America

UBS named Guy Phillips head of the corporate advisory group, which works with entrepreneurs and family-business owners, for Latin America. Since 1998 Phillips was head of global consumer products and retail investment banking. In his new position he reports to Gabriel Castello and Ricardo Gonzalez, co-heads of wealth management for Latin America.

International

Victory Life, a life assurance company domiciled in the British Virgin Islands, has appointed Gary Flowers as its new managing director, taking over from Glen Wilson, who remains on the company’s board. Flowers has worked for Victory Life for more than two years as business development director, and has worked in the UK and international life assurance sectors for 25 years. Victory Life is part of the Victory Group of Companies comprising Victory Life and Pension Assurance Company, Victory International Trust Company and Victory International Management.

North America

Deutsche Bank appointed senior manager Jacques Brand as its chief executive for North America, joining the Frankfurt-listed bank’s group executive committee. He took over from Seth Waugh, who as announced in February this year is stepping down after a decade in the post.

Brand has been at Germany’s largest bank since 1999, joining in New York. Most recently, he was the global head of investment banking coverage and advisory in its corporate banking and securities division.

As part of the change, Waugh will join Deutsche Bank’s Americas advisory board and become a senior advisor to the bank and its clients.

Meanwhile, Deutsche Bank also announced that it had appointed Bill Woodley as deputy CEO of North America, a newly created position. Woodley joined the bank in 1998 and most recently has been global chief operating officer of the regional management division, a position that he will retain. Woodley previously served in a variety of roles at the bank, including as COO of Asia Pacific.

BNY Mellon made two senior hires for its wealth management office in Atlanta, adding a senior private banker and sales director.

Jonathan Blackwood, senior private banker, will manage BNY Mellon Wealth Management’s private banking activities in Georgia, reporting to regional private banking director Lisa Simington. David Noosinow, senior sales director, will work on business development throughout Georgia, as well as Lexington, Louisville and Kentucky, reporting to the regional sales manager of the Mid-Altlantic and Central, Garrett Alton.

Blackwood joined BNY Mellon from Wells Fargo, where he worked for over 20 years, most recently as a senior vice president and senior private banker for the company’s Atlanta private bank.

Eaton Vance Distributors, a subsidiary of New York-listed Eaton Vance, appointed John Moninger as director of retail sales, effective November 26.

Based in Boston, MA, Moninger will lead all sales and relationship management for Eaton Vance's brokerage and independent channels, reporting to Matthew Witkos, president of Eaton Vance Distributors.

Moninger joined Eaton Vance from LPL Financial, where he led a team of product consultants as executive vice president of advisory and brokerage consulting services. He also led the firm's financial planning group and wealth management services, serving high and ultra high net worth clients. Before LPL, he was the national consulting director of investment solutions at UBS.

California’s Santa Barbara Bank & Trust hired Susan Rogers as vice president and personal trust manager.

Rogers latterly worked at US Bank as a senior vice president and managing director, before which she spent five years as a senior fiduciary officer with Union Bank’s personal trust group in San Francisco.

Los Angeles-headquartered Wedbush Securities bolstered its private client services group in San Diego, CA, appointing Richard Wright as an estate planning consultant and senior vice president of investments.

Wright was formerly a financial advisor and vice president at Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management) and has over 25 years of asset management and estate planning experience. The firm said he will continue to serve his clients nationwide, reporting to Roc Willis, senior vice president and manager of San Diego County at Wedbush.

Mellon Capital Management, the San Francisco-based multi-asset manager for New York's BNY Mellon, appointed its chief executive, Gabriela Parcella, to serve as chairman of the board, effective December 31.

Parcella will succeed Charlie Jacklin, who is retiring at the end of the year. Parcella was named CEO in March 2011 and has been with Mellon Capital since 1997, becoming chief operating officer in 2008. 

Christie’s appointed Doug Woodham as head of its Americas business, responsible for the overall management of the company in the US. He succeeds Marc Porter, who will continue in his role as chairman, Christie’s Americas. Porter also took over new global responsibilities earlier this year as international head of private sales.

Woodham takes up his role with immediate effect, reporting to Steven Murphy, Christie’s chief executive. He is a former managing director at UBS Wealth Management, where he is credited with leading the turnaround of the corporate employee financial services division. Before joining UBS he was president of Moody’s KMV. Earlier still, he was a partner at McKinsey and Company, working with wealth management, asset management and investment banking clients.

Boston Private Bank & Trust Company appointed Lisa Craig as vice president and commercial loan officer.

Craig will provide personalized credit solutions to non-profit organizations, private partnerships, professional services firms, as well as high net worth individuals, executives and their families. She will also collaborate with the bank’s wealth management, residential mortgage and cash management professionals.

Minneapolis, MN-based US Bank named Lance Losey and Mary Welk as managing director of wealth strategy and managing director of client advisory, respectively, for Ascent Private Capital Management, the bank’s wealth management unit which caters for clients with at least $25 million in assets. Both roles are based in Seattle, WA.

Losey will provide multi-generational planning, family governance and trust and fiduciary advisory services to Ascent's ultra high net worth clients. He will be supported by an advisory team focused on wealth impact planning, financial administration and client experience.

Before joining Ascent, Losey served as partner and chairman of an estate planning and probate practice group at a Seattle law firm.

Meanwhile, Welk will serve as the primary point of contact for Ascent clients, while also co-ordinating a team of professionals who serve these clients. She has over 25 years of experience assisting UHNW families and joined US Bank in 2010 as the managing director of trust, going on to serve as managing director and wealth management advisor. Prior to joining US Bank, she served as chief executive of a large family office.

Baird appointed Karen Heintz to serve as senior vice president and branch manager at its Edina, MN, wealth management office.

Heintz is latterly of UBS, where she most recently managed the firm’s St Paul, MN, branch, which housed 24 financial advisors managing $3.1 billion in client assets. At UBS she also previously served as complex manager, branch manager and financial advisor. Before that, she was a branch manager with RBC Dain Rauscher.

Canada’s RBC Wealth Management brought in two advisor teams from Merrill Lynch Wealth Management at its Leawood, KS, branch.

Financial advisors Todd Haynes and Thomas Woodward represent the Haynes & Woodward Investment group, while Scott Holder and Jason Carter form part of the Holder/Carter group. 

The Haynes & Woodward Investment group, with $130 million in assets under management, has over 20 years of combined experience, and the Holder/Carter group - with $80 million in AuM - has nearly 30 years of industry experience.

Sara Cibrian joined the teams as a registered client associate.

Canada's RBC Wealth Management appointed David Upin of the Upin group - latterly of Wells Fargo Advisors - as a senior vice president and financial advisor in Minneapolis, MN, along with investment associate Denis Meysembourg.

Upin manages investments for high net worth individuals and entities, and has 30 years of industry experience, with $110 million in assets under administration and $1.5 million in production.

New York-listed Fifth Third Bank promoted Jonathan Reynolds to chief investment officer for Fifth Third Investment Advisors, which manages $22 billion in assets.

Reynolds has been at Fifth Third for over seven years and has been managing director of the firm's investment management group since 2009. As CIO, Reynolds will oversee the investment strategy for Fifth Third Private Bank and the institutional services group, while managing the bank’s team of portfolio managers, who are responsible for developing portfolio strategies for individual and institutional clients. He also retains his role as managing director of the investment management group.

Wells Fargo named Paul Cummings as Northeast regional managing director for Abbot Downing, the firm’s dedicated business for high net worth clients with $50 million or more in assets.

In his new role, Cummings will oversee the delivery of asset management, banking, planning, trust and fiduciary, and family dynamics services through offices in New York and Philadelphia, PA. Before joining Abbot Downing, he was managing director and head of channel management for the managed solutions group at Bank of America Merrill Lynch.

BNY Mellon Wealth Management appointed Chahin Pahlavi as a private banker in Manhattan, NYC, reporting to Peter Angelica, private banking regional director for the New York Tri-State region.

Pahlavi has nearly 30 years of experience in financial services, having spent the past five years at Modern Bank. There, he was a managing director and private banker for high net worth clients and grew a portfolio with some $200 million in assets. Before that, he was a private banker within HSBC's HNW private banking group, where he managed a client portfolio of $250 million.

Raymond James took on Mark Teed as senior vice president of investments in the Springfield, MA, office of Raymond James & Associates, the broker-dealer subsidiary of New York-listed Raymond James Financial.

Teed started his career in the financial services industry at A G Edwards and stayed with the firm as it transitioned into Wachovia, and later Wells Fargo, where he most recently managed $225 million in client assets.

Brown Advisory appointed Christopher Bartlett - latterly head of global equity sales and trading at Wells Fargo - as a partner based at its Baltimore, MD, office. He will serve as a senior portfolio manager to families, non-profits and other institutions across the US and globally.

Bartlett joined Wells Fargo at the end of 2008 as part of Wachovia Securities. Most recently, he was responsible for 250 employees in trading, sales trading and domestic and international institutional sales in New York. Additionally, he was a board member of the broker-dealer Wells Fargo Securities International and was also a part of the Wells Fargo Securities Management Committee.

LPL Financial added Santa Monica, CA-based Gerber Kawasaki Wealth & Investment Management to its broker-dealer and hybrid RIA platforms, bringing some $175 million of client assets under administration.

California-based Private Ocean, the wealth management firm, brought in Robert Anderson as a senior advisor, based initially in San Rafael, CA, but with plans to eventually settle into an office in the East Bay.

Anderson was formerly a partner with Burr, Pilger & Mayer and has over 30 years of experience as a client service partner, having served small- and middle-market businesses and high net worth individuals in the areas of tax planning, wealth management, accounting issues, succession planning, real estate investments and strategic planning.

Hilliard Lyons, the Kentucky-headquartered wealth manager, hired Robert Bernardin as a senior vice president for its Evansville, IN, office. Bernardin joined from Morgan Stanley, where he oversaw some $300 million in client assets, and has been in the industry for 30 years.

Kathleen Gaffney joined Eaton Vance as vice president and co-director of investment-grade fixed income. Gaffney will work alongside Thomas Luster and will report to Payson Swaffield, chief income investment officer. She joins from Loomis, Sayles & Company, where she was a vice president and portfolio manager for the fixed income group. Overall, she has 28 years of experience as a portfolio manager and trader.

UBS named Guy Phillips head of the corporate advisory group, which works with entrepreneurs and family-business owners, for Latin America, effective November 1.

Since 1998 Phillips has been head of global consumer products and retail investment banking. In his new position he will report to Gabriel Castello and Ricardo Gonzalez, co-heads of wealth management for Latin America.

In an internal announcement, Joe Stadler, global head of ultra high net worth, said UBS plans to "de-layer and decentralize" the management structure of the corporate advisory group, as well as to strengthen its regional alignment. 

The acting global head of CAG, Georg Bilo, will relinquish his position and "explore new opportunities within the bank," Stadler said.

In other related changes, Dorothee Deuring now reports to Eva Lindholm, head of UHNW (Europe), while LH Koh continues reporting to Amy Lo, head UHNW (Asia-Pacific). Deuring and Koh will also have a secondary reporting line into Phillips, in his additional capacity leveraging multi-regional opportunities, applying global standards and coordinating risk and conflicts across CAG regions where needed. In that role, Phillips will report to Stadler.

G2 Investment Group, the private investment firm, appointed Dr Alexis Crow as managing director, responsible for developing business and investment strategies.

Todd Morley, founder, chairman and chief executive, said Dr Crow will build relationships between governments, sovereign wealth funds and the private sector, while identifying "key geopolitical opportunities" for G2 and its partners. In doing so, she will draw on her relationships with foreign ministries and sovereign wealth funds in the Middle East, Europe and Asia, he said.

Prior to joining G2, Dr Crow led a project at the London-based think-tank Chatham House on how to manage risks and secure commercial interests amidst financial volatility and geopolitical uncertainty.

Evercore Wealth Management, a subsidiary of Evercore Partners, appointed Allan Kaplan - latterly of Merrill Lynch - as a managing director and wealth advisor, based in San Francisco, CA.

At Merrill, Kaplan was as an advisor to high net worth families and family offices, responsible for designing and implementing wealth management strategies and constructing investment portfolios. Previously, he was with Mainstream Investments, managing equity and debt portfolios for private investors. Before that he served as an advisor to HNW individuals and family offices at Goldman Sachs.

In his new role at Evercore, Kaplan reports to Iain Silverthorne, a partner and wealth advisor at the firm.

Wilmington Trust, part of M&T Bank, took on Kathleen Andrew as a senior investment advisor in Palm Beach, FL - a role in which she will split her time between the North Palm Beach and Stuart offices.

Andrew has nearly 20 years of investment experience and most recently served as senior portfolio manager at Northern Trust in Palm Beach County. Earlier in her career, she was a portfolio manager with Merrill Lynch Investment Managers and Fogler Research & Management.

Chicago-headquartered RMB Capital Management, a registered investment advisor, hired Joseph Elegante for its asset management group.

RMB, which manages around $2.5 billion for a mix of institutional and individual clients, is looking to ramp up its asset management capabilities through hiring “top talent in the industry,” said Richard Burridge, chief executive and chief investment officer.

Elegante previously worked at AllianceBernstein, where he was a senior vice president and portfolio manager on the US large-cap growth team. Before that he was a portfolio manager at National City Bank and Fifth Third Bank.

New York-based Signature Bank took on a five-strong private client team in Long Island, NY, led by James Young as group director/senior vice president.

The other team members are associate group directors/vice presidents Michael Grubstein, Stephanie Bruno and Devon Kiernan, as well as Lourdes Mosquito, client associate. Many of the team members join after a 10-year period at HSBC in Long Island.

At HSBC, Young was most recently a vice president and senior branch manager at offices in Carle Place and Garden City, while Grubstein was a premier relationship manager and assistant vice president for seven years at the Garden City branch. He previously served as a client financial analyst at Citibank NA in Mineola.

Before joining Signature Bruno served as branch service manager for 20 years in the Carle Place office, while Kiernan, who was also based there, was a senior premier relationship manager for six years, specializing in professional services and high net worth individuals. Meanwhile, Mosquito worked in Carle Place for 10 years, focusing on customer service and branch operations.

Jeff Wood, managing director and Washington, DC, complex director for Merrill Lynch Wealth Management, was named Greater Washington, DC, market president for Bank of America.

Wood, who leads a team of some 150 financial advisors in two branch offices, replaces William Couper, who served as BofA's Mid-Atlantic president and retired at the end of September.

In his new role, Wood will work with company leaders across the region to help the bank deliver a range of global financial services to more individuals and businesses locally. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.

Wood joined the firm in 1993 after a career in the US military. During his 19-year career with the company, he has served as a financial advisor, wealth management advisor and as a complex director in several locations across the country.  

New York-listed Enterprise Financial Services hired Janice Wolters as vice president/wealth advisor at Enterprise Trust, the firm's wealth management and trust unit.

Wolters has over 18 years of experience in the wealth management industry, having spent the past five years as an advisor within US Bank's wealth management department. She started her career at KPMG, where she served for 13 years as a tax advisor specializing in personal tax, trust, estate, and financial planning in the St Louis and Toronto, Canada, offices.

New York-listed Northern Trust added Jose Prado to its board of directors.

Prado has been president of Quaker Oats North America, a division of PepsiCo with $2.5 billion in revenues, since 2011, having held leadership roles at the firm since 1984.

Baird, the wealth management firm, recruited seven financial advisors for its offices, bringing with them a total of $970 million.

The advisors joined Baird’s private wealth management group in Fort Worth and Dallas, TX, Omaha, NE, and Easton, MD.

The recruitment was the latest in a string of hires of managers by Baird across the US; since the start of 2009, the firm has brought in more than 250 managers.

The advisors and teams that joined were:

--  Fred Gartrell, vice president (Fort Worth); AuM $425 million;

--  The Narmi Group (Omaha);  AuM $330 million;

--  Jon Narmi, director;

-- Charlie Narmi, vice president;

-- Theresa Rynaski, vice president;

-- The Belter Schaffler Group (Dallas); AuM $130 million;

-- Ken Belter, vice president;

-- Will Schaffler,  vice president;

-- Jim Vermilye, senior vice president (Easton); AuM $85 million.

The Private Client Reserve, a unit of Minneapolis, MN-based US Bank, appointed Michael Millman as senior vice president/wealth management advisor in San Francisco, CA.

Overall, he has about 17 years of private banking, financial planning, and investment management and trust experience, having latterly served as senior vice president/wealth advisor at Wells Fargo Private Bank. Millman has also worked at Bank of America Private Bank, Fidelity Investments and Charles Schwab.

Philadelphia, PA-based Janney Montgomery Scott reinforced its business in Connecticut, appointing George Keith as senior vice president/complex manager in Darien.

Reporting to regional manager Christopher Wilkinson, Keith will also oversee the firm's three other bases in Connecticut, located in Fairfield, Glastonbury and West Hartford.

Prior to joining Janney, Keith served as president and chief operating officer at a Connecticut-based investment firm. He started his career at Paine Webber in 1980 as resident manager of the Hartford, CT, office. He went on to assume the same role at the firm's New York City branch and has also held senior posts at AllianceBernstein, ScudderKemper, Dreman Value and Fidelity.

Vikram Pandit, the chief executive of Citigroup who was appointed at the start of the financial crisis, stepped down. He will be succeeded by Michael Corbat, who previously ran the firm’s Europe, Middle East and Africa business.

John Havens, president and chief operating officer, resigned in light of Pandit’s decision. Havens, who also ran the institutional clients group, said he had planned to retire at the end of the year. It is not clear who will replace him at this time.

Boston Private Bank & Trust Company appointed Deirdre Hall as vice president and portfolio manager.

Hall has over 12 years of industry experience and will be responsible for managing portfolios for individual and institutional clients, working with the bank’s team of investment management, wealth planning and trust professionals.

The Private Client Reserve, a unit of Minneapolis, MN-based US Bank, hired Joe Weidenbach as Chicago, IL, market leader. He is charged with leading a team of wealth management professionals serving high net worth clients in Chicago and the greater metro area.

Weidenbach has over 18 years of asset management/trust experience and is formerly of JP Morgan Chase, where he held several leadership positions, most recently as managing director and market manager for two Chicago markets with JP Morgan Private Bank.

ClearView Financial Media, publisher of Family Wealth Report, announced that Bruce Weatherill will join shortly as chairman.

Boston, MA-based Risk Paradigm Group, part of the Dynasty Financial Partners network, took on a three-member advisor team from Morgan Stanley Wealth Management's Tower group.

The trio comprises portfolio manager Travis Tucker, fixed income portfolio manager Don Brusca, and Stacy Bazylinski, a financial planner. The team is the second to join Risk Paradigm so far this year, following the addition of Boston-based ex-UBS advisor Sam Kiefer in February.

Prior to joining Risk Paradigm, Tucker was a first vice president and senior portfolio manager at Morgan Stanley Wealth Management and a predecessor firm for 13 years. Brusca has been in the financial services industry for over 30 years and was latterly a senior portfolio manager at Morgan Stanley. He specializes in taxable and tax-exempt income strategies. Meanwhile, Bazylinski previously spent six years at Morgan Stanley as a financial advisor, having joined the Tower group in 2006. Before that she spent 10 years in private and public accounting.

Goldman Sachs took on Adebayo Ogunlesi as an independent director on its board.

Ogunlesi will serve as a member of each of the firm's audit, risk, compensation and corporate governance and nominating committees. His appointment expands the board to 11 directors, nine of whom are independent.

Boston Private Bank & Trust Company’s chief executive for the San Francisco Bay Area, James Garvey, is set to leave the firm by the end of the year, a spokesperson for the bank confirmed.

The bank is not replacing him as it has recently re-jigged its organizational structure. Specifically, the San Mateo-based bank was known until recently as Borel Private Bank & Trust Company, but was renamed in September as part of a consolidation which began last year.

Waterbury, CT-headquartered Webster Bank appointed Daniel FitzPatrick as its private banking executive vice president, charged with leading operations across the four states where it has a presence.

FitzPatrick has 20 years of experience in the private client business, having held leadership roles at JP Morgan Private Bank, Citigroup Private Bank, Goldman Sachs Private Wealth Management, and, most recently, at BNY Mellon Wealth Management. 

Charlotte, NC-based Capital Guardian, the US wealth management firm, added the Carolina Retirement Group - founded in 2005 by Jim Lowry and Beau Horack - to its independent channel.

Lowry has over 12 years of experience in the financial services industry, specializing in small-business retirement plans and individual retirement planning, and has worked at firms such as JP Morgan Chase and Merrill Lynch. He specializes in: vendor analysis and benchmarking, investment due diligence, fiduciary plan review, and high-touch employee education and investment support.

Meanwhile, with over 15 years of experience, Horack focuses on investment management and financial planning and consulting for corporate retirement plans and their fiduciaries and participants.

Jenkintown, PA-headquartered Pitcairn, the US multi-family office business, promoted its president and chief operating offic Leslie Voth to chief executive.

Voth has been at Pitcairn for 19 years and has spearheaded several operational changes. She succeeds Dirk Jungé, who will continue to serve as chairman.

Philadelphia-based Brinker Capital appointed its principal and former Metro New York/Long Island regional director, Jennifer Kulp, as managing director of wealth solutions.

Based in Berwyn, PA, and reporting to vice chairman John Coyne, Kulp will support advisors with clients in the $2 - $10 million investable asset range. Meanwhile, taking on her responsibility for the Metro New York area is Mike Frascone, who for the past 10 years has served as Midwest regional director.

Kulp has worked at Brinker for 18 years in a variety of roles. Prior to her most recent appointment, she was responsible for business development and client service in the metro New York area, while helping Brinker with its expansion on the West Coast. She also served as a marketing coordinator, working with many of the firm’s broker/dealer relationships.

Northern Trust appointed Darius Gill as managing director of the foundation and institutional advisory group in the central region, covering Illinois, Michigan, Minnesota, Ohio, Missouri and Wisconsin.

The group works with non-profit institutions such as foundations, endowments, schools and healthcare organizations on developing investment policy statements, investment research, manager selection and due diligence.

Based in the firm’s Chicago headquarters, Gill is charged with overseeing the growth of this business, which currently works with 160 clients with around $5 billion assets under management collectively.

Citi Private Bank added Gil Ahrens to its Palo Alto, CA, office as director and ultra high net worth private banker, as it expands its business in Northern California. 

Ahrens will report to Lisa Roberts, Northern California region executive. He joins from JP Morgan in Palo Alto where he was most recently a director in the firm's private wealth management group, working with venture capital and investment banking clients. Prior to his wealth management role at JP Morgan, he worked at the firm as managing director and head of venture coverage, having joined in 2007.

Waterbury, CT-headquartered Webster Bank appointed Chris Martin and Caryn Cosentini as senior vice presidents and senior private bankers in Western Connecticut and the Westchester County/ Metro New York areas respectively.

Martin launched Webster’s government and institutional banking group in 1997 and has served as a financial advisor and investment banker since 1982. Prior to joining Webster, he worked in similar capacities for Paine Webber, Bank Boston and Fleet Securities.

Cosentini, with over 20 years of industry experience, has been building private banking relationships for more than 10 years. Previously, she served as managing director and private banker at Fieldpoint Private Bank and Trust in Greenwich, CT, and has also held similar positions at JP Morgan and Bank of America.

Chicago's HighTower added former Merrill man David Nelson as a private wealth advisor within its Pagnato-Karp group, based in Washington, DC.

The Pagnato-Karp group provides wealth management services, including portfolio strategies and financial planning solutions. Nelson, who was most recently a financial advisor at Merrill Lynch, will advise high net worth individuals and their families, including entrepreneurs.

RBC Wealth Management brought in the Nierling Investment group - latterly of Morgan Stanley (Smith Barney) - to its Dallas, TX, executive office.

The team brought over $230 million in assets under management and $2.2 million in production. It is comprised of Dick Nierling, senior vice president and financial advisor; financial advisors Richard and Alex Nierling (his two sons); and Alan Henry, vice president and financial advisor.

The team joined RBC from Morgan Stanley (Smith Barney), where Nierling spent his 41-year career. He started working with his son, Richard Nierling, in 2005, while Alex joined the team in 2010.

BMO Global Asset Management, part of Bank of Montreal, appointed Amit Prakash as head of wealth management products for Asia. He is based in Hong Kong.

In his new role, Prakash will cover the investment product development and marketing needs of all BMO entities and businesses - as well as BMO's strategic partners - in Asia.

Previously, Prakash worked with two of the largest asset management firms globally, BMO said, but it did not give the names of these businesses. He has previously worked in Singapore; prior to that, he was based in San Francisco, Toronto and London for nearly 15 years, where he held senior positions as a currency trader and portfolio manager, global macro hedge fund manager and leader of a team of hedge fund managers.

PricewaterhouseCoopers appointed Michael Spielman as a tax partner in its personal financial services practice - within the private company services group - for the New York market.

Spielman has over 15 years of experience working with individual clients, including family business owners, corporate executives, financial services clients and other high net worth individuals. Based in New York City, the firm said he will focus on expanding the practice's global footprint.

The Private Client Reserve of Minneapolis, MN-based US Bank promoted Sandra Fleming to the role of Florida market leader, responsible for the Palm Beach and Naples offices.

Fleming will lead a team of wealth management professionals providing investment management, private banking, trust and estate services and financial planning to clients in Southern Florida. She over 25 years of experience in the wealth management industry, having most recently served as region president and portfolio manager at Wilmington Trust Florida. 

Canada’s RBC Wealth Management appointed Mark Rabbe - who oversees $85 million in client assets - to serve as branch director of its Burlington, VT, and Andover, MA, offices.

Leyden, who oversees the Burlington and Andover offices, said Tania Cadieux is also joining, along with Rabbe. Rabbe was latterly the manager of UBS’ Andover branch. Overall, he has more than 27 years of industry experience.

Global alternative asset manager the Carlyle Group took on Joseph Schenk as an operating executive within its global financial services group.

The firm said Schenk will guide Carlyle professionals throughout the investment process, while advising portfolio company executives on management, operational and growth strategies.

Schenk was formerly chief executive of First New York Securities, a multi-strategy trading firm, and joins a group of 27 senior business leaders who serve as operating executives across a range of industries. Prior to becoming CEO of First New York Securities, Schenk was CEO of Pali Capital, a boutique investment banking firm which offered financial advisory and brokerage services. He was also previously chief financial officer at Jefferies Group.

Canada-based Manulife Financial and the Manufacturers Life Insurance Company appointed Dr Lesley Webster to serve on their boards of directors’ risk committee.

Until 2005, Dr Webster served as executive vice president at JP Morgan Chase's market and fiduciary risk management. Prior to that, she was the global head of US dollar fixed income derivatives at UBS, as well as head of fixed income arbitrage trading at Chase Manhattan Bank. She is also the founder of Daniels Webster Capital Advisors, which the firm said she continues to lead.

BMO Harris Bank named Dave Mika as its new president for the Lakeshore market of the Chicago Metro region - a role in which he will develop and execute strategies to deliver the firm’s retail banking, business banking and wealth management services across 12 locations in downtown Chicago, Hyde Park and Kenwood.

Mika has 25 years of financial services experience and most recently led the firm’s Northwest Indiana market. Prior to joining BMO, he worked at JP Morgan Chase. There, he held multiple roles including vice president of its National Management Development program, as well as regional sales and service manager for markets in 17 states, and market manager for the retail staff and small business bankers across 72 branches.

Thomas Carroll was named chief executive of GenSpring Family Offices, SunTrust's multi-family office affiliate. Carroll succeeds Maria Lagomasino, who decided to leave the firm.

Most recently, Carroll led SunTrust's sports and entertainment group, which provides private wealth management services to sports, music and entertainment professionals and executives, as well as financial services to sports, music and film organizations.

Having spent 16 years at SunTrust, he has held various positions within the firm's private wealth management business, including serving as wealth services manager in Atlanta.

San Francisco, CA-headquarterd Wells Fargo named Jim Hays executive vice president and head of wealth brokerage services - a role in which he will lead an organization of 3,800 financial advisors, while supporting staff delivering brokerage services to clients of Wells Fargo Wealth Management.

Hays was latterly (since 2005) president of the bank's private client group, a division of Wells Fargo Advisors.

In his new role, Hays will also lead the business’ partnership with Wells' network of community bank stores, serving the planning and investment needs of its growing affluent client base. He reports to David Carroll, head of Wells Fargo’s wealth management unit, while "closely aligning with Wells Fargo Advisors," the firm said.

Convergent Wealth Advisors appointed Denis O’Sullivan as a managing director, based at the firm's Washington, DC, headquarters.

While O’Sullivan will be focused on business development in the DC area, the firm said he will continue to service clients nationwide.

Prior to joining Convergent, O’Sullivan spent two decades as a planner with The Mason Companies, in the Washington metropolitan area and in San Francisco, CA. There, he gained experience in managing pre-liquidity event planning, while working with clients to help them manage their tax situations and investment goals.

Glenmede, the privately-held and independent investment and wealth management firm, brought in Michael James to serve as director of family wealth advisory within its Philadelphia, PA, office.

The firm said James will continue to develop its offering for entrepreneurial and multi-generational private clients, overseeing a client service team in Philadelphia.

Most recently, James served as a wealth strategist in Goldman Sachs’ mid-Atlantic region, where he advised high net worth clients on issues involving income tax, gift tax, estate tax, generation-skipping transfer tax, philanthropy, credit protection and life insurance. 

Boston Private Bank & Trust Company appointed four senior investment and wealth planning professionals in the San Francisco Bay Area.

Lieve Mertens and Tobi Mason joined as senior vice presidents and portfolio managers, while Ketan Desai and Dyana Nafissi started as vice presidents and sales professionals. In their new roles, Mertens and Mason will manage investment portfolios for individual and institutional clients. Meanwhile, Desai and Nafissi will focus on new business acquisition.

Prior to his appointment at Boston Private, Mertens served as senior vice president and portfolio manager at Legato Capital Management. Mason was previously senior portfolio manager at City National Bank, and Desai latterly served as vice president and wealth advisor for Comerica Bank.

Janney Montgomery Scott appointed Andrew Kistler as senior vice president and regional manager for the Southeast, while the Philadelphia-based firm also took on the Palmetto Advisory group, operating from its Columbia and Hilton Head branches in South Carolina.

Kistler joins from Stifel Nicolaus, where since 2009 he had been senior vice president/Southeast regional director. At Janney, he will continue to lead the expansion of the firm’s presence across the Southeast.

The private wealth management arm of Santa Barbara Bank & Trust persuaded Connie Young to return as a private client advisor after two years at City National Bank.

Young, who will be based at Santa Barbara Bank & Trust’s private wealth management office in Ventura, Ca, will be advising high net worth clients on financial planning, investment management and trust issues, as well as providing deposit and credit services.

Young was latterly vice president and manager of the Ventura office of City National bank. Before joining City in 2010 Young held various roles at Santa Barbara Bank & Trust, notably managing the firm’s Montecito Village wealth management office.

ClearView Financial Media, publisher of this website and other internet sites for the global wealth management industry, named veteran business professional Chris Cosgrove as its group sales and marketing director. His appointment is with immediate effect.

Cosgrove, who is based in Geneva, has more than 25 years of experience in international business development and strategic marketing, having worked in more than 60 countries.

Boston Private Bank & Trust Co took on Bradley Wilson as vice president and fixed income portfolio manager, according to local media.

Working with the bank's investment and wealth planning team, Wilson will manage the fixed income part of investment portfolios for individual and institutional clients. He will also provide customized investment management advice and expertise to successful individuals, families, institutions and non-profits, Banker & Tradesman said.

Prior to joining Boston Private Bank & Trust, Wilson was an institutional US government bond trader at UBS.

New York’s BNY Mellon hired five professionals to fill newly-created positions within its expanding wealth management business in Southern California.

Tiffany Barbara, Bob Bernstein, Steven Mills and Grace Russak joined recently, while Rehan Chaudhry started in April. Mills reports to Ben McGloin, senior director of portfolio management, and the others report to Larry Miles, regional president for Los Angeles.

Senior portfolio managers Barbara and Bernstein are both based in Century City and each have 20 years of experience in the financial services industry. Previously, Barbara was a principal and senior client account manager at Bessemer Trust, where she oversaw a team of client account managers over $1 billion in assets. Meanwhile, Bernstein was latterly chief investment officer of Four Corners Capital Management, owned by Macquarie Funds Group.

Mills is a senior portfolio manager based in Newport Beach. Prior to joining BNY Mellon, he was senior vice president and senior client account manager at Bessemer Trust.

Finally, Russak, who has over 25 years of professional experience, is a senior director for business development based in the Century City office. She previously served for 15 years with the Whittier Trust company, most recently as a senior vice president, director of the firm's advisory services department and the art advisory services group.

Chaudhry, who started in April, is a Century City-based senior director for business development. Prior to joining BNY Mellon, he worked at JP Morgan, ending his time there with responsibility for over 50 high net worth client relationships.

Minneapolis, MN-based US Bank appointed Mary Martuscelli as west region president for its Private Client Reserve, the bank's unit which targets HNW clients with over $1 million in investible assets, based in Phoenix, AZ.

Martuscelli is responsible for growing and managing all aspects of the Private Client Reserve's business in Washington, Oregon, California, Arizona, Nevada, Utah and Colorado. She reports to Michael Boardman, who is president of the PCR.

Martuscelli has over 33 years of financial experience with JP Morgan Chase, where she has worked in many leadership roles, having served as Arizona president since 2007 and, most recently, serving as managing director of private banking for the firm's "Desert Mountain" states.

Jonathan Madrigano, a director of wealth management and a private wealth advisor at Morgan Stanley Private Wealth Management, left the firm to join JP Morgan Securities, Reuters reported.

Morgan Stanley PWM is the firm's ultra high net worth unit which serves clients with at least $20 million in assets.

Madrigano, who worked within the firm's New York office, generated annual revenue of between $8 and $10 million, the newswire said, citing sources with knowledge of the move.

Citi Private Bank brought in Oscar Salem as a director and foreign exchange investment specialist, based in New York.

Reporting to Francois Du Pasquier, head of foreign exchange and commodities in North America, Salem will oversee the bank's currency business across the Southwest region. Du Pasquier said Salem will play a key role in helping the firm develop its foreign exchange business, structuring solutions and offering advice to ultra high net worth clients.

Salem is latterly of Krieger Capital Management, where he was head of investor relations in Houston, TX. Before that, he worked for Wells Fargo, also in Houston, as director and foreign exchange specialist covering Texas, New Mexico and Oklahoma.

Standish Mellon Asset Management, the Boston-based fixed income specialist for BNY Mellon, appointed Raman Srivastava to the newly-created position of co-deputy chief investment officer and managing director of global fixed income, with responsibility for overseeing all global and non-US fixed income strategies.

Srivastava will report to David Leduc, CIO at Standish. Srivastava, Leduc and David Horsfall, also co-deputy CIO, will manage the firm's multi-sector and absolute return fixed income strategies.

Meanwhile, Brendan Murphy, director of global fixed income, and Rebecca Braeu, head of global sovereign research, will report to Srivastava.

Srivastava has spent his entire investment career focused on fixed income. Most recently, he was a senior investment professional and portfolio manager for Putnam's core plus, global fixed income and absolute returns teams. Earlier, he was a fixed income analyst at Bank of Nova Scotia in Toronto.

New York-listed Prudential Financial named Michele Meyer-Shipp vice president and chief diversity officer.

In her new role, Meyer-Shipp will lead and direct all diversity and inclusion initiatives for the company, as well as for ensuring ongoing compliance with federal and state equal employment opportunity/affirmative action laws and requirements.

Meyer-Shipp joined Prudential in April 2010 as vice president and counsel within the employment and labor law group. In this role, she provided legal advice, counsel, training and investigative support to several lines of business, on a range of employment and human resources-related matters.

Guggenheim Investments appointed Joanna Catalucci as the interim chief compliance officer to the exchange-traded funds and certain closed-end funds advised or serviced by Guggenheim Funds Investments Advisors/Distributors.  

Catalucci is a managing director of compliance and fund board relations within Guggenheim Partners. In this role, she leads the strategic direction of the compliance program for Guggenheim Investments, focusing on compliance requirements of the investment advisors, products and distribution.

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