August is a holiday month in certain regions, but it was not quiet in terms of moves and appointments in the world's wealth management sector.

UK

Hawksmoor hired Greg Sellers and Finbarr O’Mahony from Brewin Dolphin as managers within its office in Taunton, Somerset. The pair were reunited with their former Brewin Dolphin colleagues, who joined Hawksmoor last summer to spearhead the launch of its Taunton office, which is headed by Andrew Foster.

Kames Capital appointed David Ennett from Standard Life as head of high yield, while Phil Milburn returned to the company as head of fixed income investment strategy after a period of ill health. Ennett joined from Standard Life Investments where he was head of European high yield and manager of the SLI Higher Income and European High Yield Funds. Ennett and Milburn co-manage the Kames High Yield Bond and the Kames High Yield Global Bond funds, with Milburn leading the former and Ennett the latter. Stephen Baines remains support manager on both funds. They both report to Kames’ head of fixed income, David Roberts.

City Asset Management appointed Stephen Ford, Brewin Dolphin’s former head of investment, to its senior management team. City did not give details of Ford’s new role but mentioned his name as part of several high-level appointments by the business, including that of former Bank of England advisor Robin Blunden as non-executive director.

Smith & Williamson hired Grant Hotson to replace Jeremy Boadle as group financial director. Boadle left the firm after more than 30 years there. Hotson, an accountant with over 18 years of experience in the financial services sector, provided consulting services for the past year. Previously, he was chief financial officer and member of the executive team at Ignis Asset Management before it was acquired by Standard Life Investments. He has also worked at Scottish Widows Investment Partnership and PricewaterhouseCoopers.

Based in London, Hotson joined the main board of Smith & Williamson and will sit on the firm’s subsidiary boards relating to the tax and business services and the investment management and banking divisions. Boadle became a partner at Smith & Williamson in 1986 and spent 11 years on the main board. 

The Financial Conduct Authority hired Michael Welch, head of Standard Chartered’s internal investigations unit and a veteran of the US Federal Bureau of Investigation, as its new director of retail and regulatory investigations. Welch was most recently Standard Chartered’s group head of shared investigative services, having moved to London with the bank in 2014 after 30 years with the FBI, where he ran international operations. He replaced Tom Spender, who left the FCA in June to join Lloyds Banking Group, and reports to Mark Steward, the watchdog’s director of enforcement and market oversight.

Charles Stanley appointed Adam Martell as an investment advisor and wealth manager within its Leeds office. Martell joined from Brewin Dolphin in Newcastle, where he worked in a team managing investment portfolios for a range of charities, organisations and private clients.

Julius Baer recruited a handful of private bankers from HSBC to grow its Latin American business. The bankers are based in Monaco and Switzerland. In July Alain Ucari was appointed as chairman of Julius Baer in Monaco, with Albert Henriques from HSBC replacing him as chief executive of the Monaco business. Additional bankers were set to join Henriques in Monaco, including a dedicated LatAm team. 

LGT Vestra appointed Michael Moss to the newly-created role of business development director. Moss joined from Quilter Cheviot where he was a business development director for five years, working with intermediaries across Southern England. Previously, he was a business consultant at Zurich Intermediary Group for six years. Moss is based in Bournemouth.

Julian Cooper, a former managing director at Barclays Wealth & Investment Management, joined Julius Baer International as senior client relationship manager. Cooper, based in London, left Barclays Wealth & Investment Management earlier this year after 23 years there. During his time at Barclays, he led the entrepreneurs team and served as a board director of Barclays Private Bank. He previously worked at NatWest Markets as head of transaction management. 

Julius Baer also hired Patricia Newton to support Cooper. She brings 30 years’ experience, having worked in a variety of roles at Barclays. Meanwhile, Christian Rasmussen joined from Lombard Odier as a relationship manager. Cooper, Newton and Rasmussen report to Annabel Bosman, the bank's head of relationship management, UK.

Kames Capital hired Martin Weiss as business development manager within its European wholesale distribution team. Weiss, a native German speaker, joined from Pioneer Investments. There, he was a client and sales relationship manager responsible for German, Austrian and Italian clients and prospects. Previously, he held client relations roles at Legal & General Investment Management and Hermes Fund Managers. Based in London, Weiss reports to Richard Dixon, head of Continental European wholesale at Kames.

Meanwhile, Kames also hired Robin Black as an investment manager within its Edinburgh-based equities team. Black joined from Macquarie, where he was managing director in the Hong Kong division from 2010, responsible for global sales of pan-Asian equities. 

Rathbones appointed Sanjiv Tumkur to the new role of head of equity research. Tumkur joined from Investec Wealth & Investment, where he was a senior equity analyst, primarily covering large caps across the UK, Europe and the US. He has 20 years of experience in research and fund management, having previously worked for Morgan Grenfell (later Deutsche Asset Management) and Alliance Bernstein. Based in London, he reports to Elizabeth Savage, the company’s head of research.

Brooks Macdonald appointed Ben Mackie as an investment director within its Taunton office. Mackie joined from Charles Stanley, where he was a portfolio manager. In addition to managing private client portfolios, he was part of the company’s investment strategy committee and structured product team. He previously worked at Barclays Wealth and Butterfield Private Bank.

Royal London Asset Management expanded its global high yield team with the appointments of a new fund manager, a senior credit analyst and two assistant credit analysts, in preparation for the launch of its Multi Asset Credit Fund. 

Khuram Sharih was appointed as fund manager, focusing on leveraged loans and alternative credit. He joins from Newton Investment Management, where he worked within the fixed income and global multi-asset teams. He was previously a senior credit analyst at Cairn Capital.

Sebastien Poulin joined as a senior credit analyst, focusing on both high yield and leveraged loans. He was previously at Principal Global Investors where he covered high yield and leveraged loans. He previously worked at Newton Investment Management.

Meanwhile, Gary Ewen and Tom Elliott serve as assistant credit analysts. Ewen was an investment analyst at Mercer and Elliott was a high yield credit analyst at Debtwire.

Smith & Williamson promoted Luke Brooks, Rebecca Shepherd and Chris Springett and Tim Adams to partner. Brooks specialises in advising partners in law firms, sportspeople and entrepreneurs on their financial planning needs. Shepherd, who manages a range of investment portfolios including those of individuals and pensions, was made partner of Smith & Williamson Investment Management. She provides coverage of the healthcare sector and reviews ethical and environmental pooled funds.

Springett was promoted to partner within the private client tax services team. He specialises in providing advice to executives and high-paid partners. Adams, a founding member of Smith & Williamson’s Entrepreneurs Group, serves as partner within the assurance and business services division. He specialises in providing commercial, financial and strategic advice, as well as audit and accountancy services.

Cohen & Steers, the US-based firm, appointed James Cahill to its London office as head of funds and sub-advisory sales for Europe, the Middle East and Africa, a new position. Cahill has 28 years of experience in the asset management industry, joining from Principal Global Investors, where he was director of European fund distribution. 

The Consulting Consortium, a compliance specialist, added to its teams, hiring Matt Hodey and Andy Sutherland as director of strategy and markets, and managing director of advisory services, respectively. Hodey previously worked at Deloitte where he was director of its UK risk and regulation practice. He has over 17 years of industry experience in financial services risk and regulation, including previous roles at Barclays and Nationwide. Sutherland joined from Huntswood, where he was director of regulatory consulting. Prior to this he spent four years working within the regulatory advisory practice at EY and also spent six years working as an independent contractor.

WH Ireland appointed Marc Cane as group head of compliance and risk. The roles are new ones for the business. Cane previously worked at Ingenious Media, holding the group compliance officer role and that of money laundering reporting officer (MLRO). He also held a number of senior roles at JP Morgan and Permal Investment Management. Cane reports to Richard Killingbeck, the firm’s chief executive.

Rathbones appointed Martin Lunt to the newly-created role of chief information officer. Lunt, based in Liverpool, had been at KPMG CIO Advisory Group where he was a director. He previously worked at ICI, AstraZeneca, Getronics and Barclays.

Crestbridge appointed Paul Windsor to the post of managing director and head of its London office. Windsor, who joined Crestbridge last year when the firm opened its London office, oversees UK-focused business development activity, growth strategy and performance. He has over 30 years of real estate accounting and tax experience, having served as a partner at WSM. He took over from Steven Morrice who is leaving Crestbridge to become a consultant.

Brown Advisory hired Nicholas Taylor and James Tussaud as private client portfolio managers. Taylor joined from Connor Broadley where he was a partner and investment manager. Previously, he worked at BlackRock in London. Tussaud joined from Citi Private Bank, where he was responsible for ultra-high net worth clients focusing on London, Jersey and Geneva. Before Citi, he held roles at UBS Wealth Management and Barclays Capital.

Woodford Investment Management appointed Samuel Lynes as a client relationship manager in London. Lynes joined from M&G Investments where he worked for 14 years, a decade of which he spent as business development director for London. He was also an assistant fund manager to the firm's UK and UK smaller companies team. He replaced Simon King, who left the company in May to join T Rowe Price.

Northern Trust hired Ian Hamilton to drive asset servicing sales across sectors including pension and sovereign entities in the UK, Europe and Africa. Hamilton joined after almost seven years with State Street, where he was head of asset owners and European head of consultant relations. He previously worked at Mercer Investments.

AXA Investment Managers appointed John King to the AXA IM Framlington UK equities desk as assistant portfolio manager. King has spent the last six years working in UK equity sales, first at N+1 Singer, then at UBS and most recently at Jefferies, where he was a senior vice president in the UK equity sales team. Previously, he spent five years at Ernst & Young as a senior consultant. He reports to George Luckraft, head of UK equities at AXA IM.

Allfunds Bank hired an investment analyst from GAM, Yusuf Durmaz, within its fund research team. Durmaz had spent after almost five years with GAM, where he was involved in fund research and selection in the hedge and long-only universe. Before GAM, Durmaz was an analyst at Credit Suisse. Prior to that, he was a senior quantitative analyst at Clontarf Capital.

SEI appointed Kevin Russell to the newly-created role of proposition director within its UK private banking executive management team. He has over 30 years of wealth management experience, of which 26 were spent at Standard Life, most recently as head of platform and e-business development. During the last five years, he worked in a number of consultancy and advisory roles, including at SEI.  Based in London, he reports to Brett Williams, managing director of SEI Wealth Platform, UK private banking.

Kempen Capital Management UK, part of Netherlands-headquartered Kempen & Co, appointed former PricewaterhouseCoopers consultant Nikesh Patel as senior investment strategist in London.

Previously, Patel was an investment consultant at PwC. Prior to this, he was a relationship manager for a portfolio of BlackRock UK pension funds and EMEA-based multinational clients. He began his career at Mercer’s investment consulting business.

European Wealth appointed John Morton, formerly executive chairman, as chief executive. Morton took over from Rod Gentry, who left the company he helped to found earlier this year. Kenneth West, a non-executive director, was named as non-executive chairman as part of the changes. West is a senior non-executive director at AIM-listed telecoms company Norcon, and a director of the telematics group Pinnacle Plus Holdings. He was previously chairman of wealth manager Ashcourt Rowan and GAB Robins, a loss-adjustment group. Simon Ray, chief operating officer at European Wealth, was appointed as an executive director. He was previously head of Aventus Capital Management, and has over 20 years’ experience in the wealth management industry.  He joined European Wealth as part of the acquisition of Aventus in 2011.

International law firm Proskauer appointed Vikki McKay as a partner in its private equity real estate group in London. She previously worked at DLA Piper. McKay’s practice focuses on UK and cross-border investments in the real estate sector for private equity firms, large international companies and ultra-high net worth offshore individuals.

Former AXA executive Nicolas Moreau was appointed to the helm of Deutsche Asset Management. Moreau left French insurer AXA at the end of June after 25 years at the group. He was most recently chairman and chief executive of AXA France, having previously led AXA’s businesses in the UK and Ireland and served as chief executive of AXA Investment Managers. Based in London, Moreau succeeded Quintin Price, who stepped down in June for health reasons. 

Switzerland
Mark Hirst, chief executive and global head, trust and fiduciary services at ‎Standard Chartered (Switzerland), is leaving the UK-listed bank later this year. He joined the bank’s Geneva office in 2012 as regional head of private banking before taking the helm of the Swiss business. 

Rest of Europe

BNP Paribas Investment Partners appointed Claus Hecher to the newly-created role of head of business development for Germany, Austria and the German-speaking regions of Switzerland. He was previously a consultant to Natixis Global Asset Management, where he advised on exchange-traded fund sales. Based in Munich, he is responsible for developing BNP Paribas Easy, BNP Paribas Investment Partners’ exchange-traded fund and indexed solutions franchise, with German-speaking investors, institutions and distribution networks.

The Guernsey Financial Services Commission appointed Kirsty Hood to its panel of senior decision makers. Hood practices at the Scottish Bar, having been called in 2001, and has a practice in the civil litigation field. In her new role, she is required to sit and hear cases involving serious findings against a licensee and/or individual directors where findings are contested by the licensee.

PraxisIFM Trust appointed client relationship directors Paul Blackwell and Rupert Pleasant to its board in Guernsey. Blackwell joined PraxisIFM in December when it acquired his previous employer, Confiance. Pleasant has previously worked at Barclays Wealth Management in Cape Town, and Credit Suisse in Guernsey and Zurich. In 2008, he moved to Geneva and joined PraxisIFM as a director before moving back to Guernsey in 2014. As part of the seven-strong board, the pair is involved in the future strategic direction of the company.

BMO Global Asset Management hired Alfredo Uras as a sales executive in Milan, Italy. He joined after more than a decade with Pioneer Investments. He provides support on the distribution of BMO GAM’s investment capabilities across institutional and wholesale channels in Italy, reporting to Giampaolo Giannelli, the firm's head of sales in Italy.

ZEDRA, the provider of trust, fiduciary, corporate and fund services, appointed Greg Murray to the newly-created role of head of compliance in Jersey. With 10 years of experience at a senior level in Jersey's financial services industry, he has helped shape regulatory and operational policies and designed digital fiduciary risk assessment tools at a number of Jersey financial services firms.

Deutsche Bank appointed Daniel Kalczynski and Anke Sahlén as co-heads of wealth management in Germany. Kalczynski joined the bank in 1990. He has been managing the German wealth management business on an interim basis since April, in addition to his responsibility as chief operating officer of wealth management, Germany. Sahlén has been with Deutsche since 1993, advising wealthy clients both nationally and internationally. She leads the wealth management team for Eastern Germany.

Stockholm-headquartered Handelsbanken replaced Frank Vang-Jensen, its president and group chief executive, less than 18 months after he took the helm. Executive vice president Anders Bouvin was named as his successor. Bouvin has worked at the bank for more than 30 years and was most recently head of the UK business. The bank said the decision to remove Vang-Jensen from his post followed an “extensive analysis” and “purely related to the individual”.

Netherlands-listed ABN AMRO Group approved the nomination of Jurgen Stegmann as a new member of its supervisory board. Stegmann was most recently chief financial officer at Robeco. He has also served as chief risk officer at NIBC and a member of the managing board of Fortis Bank Nederland.

Copenhagen-headquartered Danske Bank hired Tine Choi to the post of chief strategist for the lender’s new wealth unit. Choi is a senior strategist at Nordea and has previously worked at Sydbank; she has worked in financial services for a total of 16 years. She will start her new role in November.

International

Hawksford, the corporate, private client and funds business, appointed a chief operating officer, David Ticombe, to build its recently-established office in the Cayman Islands. He was previously managing director of Jencap Advisors for two years. Before that, he was managing director of Barclays Private Bank and Trust (Cayman).

Wealth and asset management house Noah Holdings appointed Shang-yan Chuang as chief financial officer, taking over from Ching Tao, who is now chief executive of Noah US, the firm’s first US subsidiary.Chuang has more than 13 years of experience in financial services. In March 2011, he joined Noah as a director of investment relations and corporate development. In 2012, he founded Noah Holdings (Hong Kong) and served as its executive director and CEO until January 2016. Prior to joining Noah, Chuang was a senior executive at Bank of America Merrill Lynch in the investment banking division and Asia private equity from 2003 to 2011, based in Hong Kong.

Legg Mason appointed John Besley in Australia as part of its drive to bring out “next generation” offerings to run alongside its traditional fund proposition.Besley took on the role of product management director, Australia, to bolster product strategy and development in the region. His appointment followed that of Andy Sowerby as head of Australia in August. Besley originally joined Legg Mason in June 2013 as client service and distribution support manager. Based in Legg Mason’s Melbourne office, he reports to Jaspal Sagger, head of international products, who is based in London.

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Asia-Pacific

Asia-based Cedrus Investments, which operates in the private wealth and institutional space, appointed Wenjia Liang as senior legal counsel. She joined from the Shanghai office of Jingtian & Gongcheng, the law firm, where she was a senior associate.Liang is qualified to practice People's Republic of China law and has global legal working experience.

David Chong, president of Portcullis Group, was re-elected as president of the Singapore Trustees Association for a term of two years, running to 2018. In other roles, Chong, a prominent figure in the industry, is executive chairman of Fusang, the Asian family office, which is owned by his family. He is also a director of David Chong Law Corporation, Singapore. He is a qualified barrister.

Julius Baer made a number of key hires in Hong Kong and Singapore as part of its growth drive in the Philippines. In Hong Kong, Dominik Fuerst joined as team head, focusing on the Philippine market. He serves as an executive director, having previously spent nearly six years at Lombard Odier Darier Hentsch. Prior to that, he worked at UBS. Trina Louey joined as a senior RM.

Mike Locsin joined the Singapore team after eight years with Credit Suisse. He was also appointed as a senior relationship manager, focusing on the Philippine market.

Julius Baer added to its private banking coverage of the Philippines. Christian Cappelli relocated to Singapore from Hong Kong to lead the Zurich-listed lender's Philippines operations, continuing in his present role as market group head for the country and reporting to Angela Bow, head of emerging Asia.

Ivan Guidi was appointed deputy sub-regional head for emerging Asia and senior client advisor for UHNW Philippines, also reporting to Bow. Guidi was previously head of offshore markets ex-Greater China at Julius Baer. He is based in Hong Kong. Custom House Global Fund Services, an international hedge fund administration specialist, opened an office in Shanghai and hired former UBS manager Sunny Huang to develop the business. Huang is a relationship manager.

In her previous role at UBS, Huang was a client advisor assistant in Hong Kong, responsible for the day-to-day administration of onboarding clients and providing updates on their portfolios.

Knight Frank made four appointments across its project management, international capital markets and international project marketing teams in China. In Beijing, Bernard Ong was appointed to the dual role of managing director of Beijing and China head of project management. He has over 15 years of project management experience in Asia, including China, India, Malaysia, Singapore and Taiwan. He previously worked at Colliers International and Cushman & Wakefield.

In Shanghai, Bunny Wang was appointed to the dual role of China head of international capital markets and international project marketing. She has over 13 years of commercial real estate experience and also previously worked at Colliers International, where she helped private and state-owned large Chinese conglomerates with outbound property requirements.

Supporting Wang will be Yi Cheng, who joined Knight Frank as associate director, international project marketing, China, and Ken Wu, who was appointed as senior manager, international capital markets, China.

Cheng, who was previously general manager, business development at Vistra Group, oversees international residential project sales and marketing activities in China. He manages the division’s expansion throughout the country. He is also responsible for managing the sales and channel teams, while coordinating exhibitions and events for international property launches.

Wu previously held senior management roles at Colliers International and Cushman & Wakefield. He helps Wang manage the international capital markets team in China. His specialties include real estate investment, financial modelling, project valuation, leasing and integrated consulting.

HSBC appointed Anurag Mathur as head of its retail banking and wealth management business in Singapore, taking over from Matthew Colebrook, who was appointed to lead HSBC’s RBWM business in the Middle East.

Mathur, who joined HSBC in Hong Kong in 2009, was most recently head of international markets for RBWM in Asia, overseeing growth strategies and transformation agendas for HSBC in Bangladesh, Brunei, Macau, Mauritius, New Zealand, Philippines, Sri Lanka and Vietnam. He has held senior roles for RBWM, covering product management, strategic planning and business performance management. Mathur has 20 years of industry experience. He reports to HSBC Singapore’s chief executive, Guy Harvey-Samuel, and HSBC’s head of RBWM of Asia-Pacific, Kevin Martin.

Old Mutual Global Investors hired Diego Parrilla as managing director, commodities, a newly-created role in Singapore. Parrilla joined from Dymon Asia Capital, where he worked from August 2015, having previously spent a year as a portfolio manager at BlueCrest Capital Management. His previous roles include managing director and head of commodities, Asia Pacific at Merrill Lynch and managing director and global head of commodity sales at Merrill Lynch.

Eastspring Investments appointed Phil Stockwell as the new chief executive of its Singapore business. Stockwell joined Eastspring in 2014 and has been the firm’s chief operating officer. He succeeded Jackie Chew, who took on a global role within Prudential’s internal audit team. Before Eastspring, Stockwell was COO at BT Investment Management in Australia. He has also held consulting roles with McKinsey & Company and KPMG Consulting.

Bank of Singapore expanded its Philippines team with the appointments of Arthur Ooi as managing director and team head, and Brandon Ho as executive director and senior relationship manager. Ooi was most recently team head with Credit Suisse Private Bank’s Philippines business. Previously, he worked at UBS and Citigroup. Ooi has advised ultra-high net worth private clients, family offices and institutional clients, both as a lawyer and banker, for the last 19 years. He is an advocate and solicitor of the Supreme Court of Singapore.

Silverdale Capital appointed Bank of Singapore’s Aseem Arora to the newly-created role of president. Arora previously spent five years as managing director and head of strategic initiatives and new markets at Bank of Singapore. There, he was responsible for the turnaround of the bank’s UK franchise, covering external asset manager and family office business across Europe and Asia. Before that, he was global head of NRI business at Merrill Lynch, where he doubled both the client base and assets under management, taking the latter to over $4 billion in under two years. Arora has also worked at Citibank as an area director. Based in Singapore, Arora leads Silverdale’s strategic business development and will build on its fund offering for private banks, external asset managers, family offices, institutional and ultra-high net worth clients across Asia-Pacific, Europe, the Middle East and Africa.

EFG Asset Management appointed Rebekah Chuan as chief executive and head of investments in Singapore. Chuan joined from DBS, where she spent five years building the bank’s discretionary portfolio management platform. Previously, she was head of discretionary at HSBC (Suisse) Private Bank, based in Singapore, for 10 years. Before that, she held senior roles at Newton Investment Management, AXA Asset Management and Aviva Investors. She brings 27 years of industry experience. Based in Singapore, Chuan leads the business regionally and will drive the investment solutions offering, supported by a locally-based investment team. She took over from Andrew Lee, who used to cover both Hong Kong and Singapore. He now focuses exclusively on his role as CEO of EFGAM, Hong Kong.

Trident Trust Group appointed Victor Ho as executive director, head of business development of its Hong Kong office. Ho most recently worked at Bedell Group as head of Asia-Pacific, business development and trust administration. He has expertise in serving Chinese corporates and high net worth families and their professional advisors in China, Hong Kong, Singapore and the UK. He reports to Terry Wong, head of Trident Trust’s office in Hong Kong.

Australia’s Commonwealth Bank hired Ivan Jaya as head of wealth management and customer segments in Indonesia. Jaya was previously senior vice president, head of wealth management at Citibank Indonesia. He has also worked at ANZ and Standard Chartered.

National Australia Bank appointed Michelle Toy as head of marketing and corporate affairs for its international branches. Toy joined from BNP Paribas, where she was head of marketing and communications for the bank's securities services business. She has over 10 years' marketing experience in the banking industry, having also worked at JP Morgan, Nomura Securities and State Street. She replaced Amy Johnson, who has moved back to Australia. Based in Hong Kong, Toy oversees NAB's marketing and corporate affairs teams in Hong Kong, Singapore, Japan and Australia, with overall responsibility for its international branches in Hong Kong, China, Singapore, Japan, India, the UK and the US as well as representative offices in Vietnam and Indonesia.

Crossbridge Capital appointed Charlie O’Flaherty to the newly-created role of head of digital strategy and distribution. O’Flaherty has been a partner with the firm since 2015 and has 24 years of experience across banking, capital markets and wealth management. He has previously worked at Bank of Ireland Global Markets, ABN AMRO and Incapital in the US. He is based in Singapore.

Manulife Asset Management appointed Murray Collis as managing director, head of fixed income in Singapore. Collis was most recently head of Asian fixed income at Standish Mellon Asset Management, based in Singapore.

Morningstar, the fund research firm, appointed Chris Douglas as director of manager research ratings for Asia-Pacific, reporting to Grant Kenaway, who is global practice leader, manager research, at the company. He replaced Kathryn Young, who is leaving Morningstar. The appointment saw Douglas return to the Asia market after two years working as a senior leader in Morningstar’s North American data business.

Chubb appointed Jason Keen as head of property and casualty for the Asia-Pacific region. He took over from Paul McNamee, who assumed a new role as regional president. Keen has overall management responsibility for Chubb's commercial property and casualty business across the region. This includes property and terrorism, energy, construction, casualty, financial lines, surety, environmental, small and medium sized enterprises, marine and custom industry solutions. In his new capacity, he reports to McNamee. Keen was formerly head of property for Chubb in the region, a position he retained after ACE's acquisition of Chubb in January 2016.

Old Mutual Global Investors hired Richard Mo in the newly created position of head of China business. Mo joined after 16 years with JP Morgan Asset Management, where he was most recently head of the China retail business, responsible for wealth management and client development in retail markets in China, dealing with both Chinese and foreign banks. He held a number of other distribution and client relationship-focused roles at the firm across Taiwan, Hong Kong and China. He was also a member of the JP Morgan Asset Management China executive committee. Based in OMGI’s Hong Kong office, Mo reports to Carol Wong, managing director, Asia-Pacific.

Australia and New Zealand Banking Group appointed Raymond Yeung as chief economist, Greater China, reporting to ANZ chief economist Richard Yetsenga. Yeung joined ANZ in 2010 as senior economist, Greater China. He has been acting chief economist, Greater China, since March. He leads ANZ’s research team, providing macroeconomic analysis on the Chinese economy as well as for Hong Kong and Taiwan, with a particular focus on monetary policy and the financial liberalisation of China. Prior to joining ANZ, Yeung was deputy head of economic research for Asia at Swiss Re in Hong Kong.

BNP Paribas Wealth Management appointed a Japan desk head, based out of Singapore. Takeshi Fujimoto, the new desk head, previously worked at Sumitomo Mitsui Bank Corporation for three years. His latest role was that of deputy general manager, head of wealth management. He also worked for Bank of Tokyo-Mitsubishi's personal wealth division.

Vontobel Asset Management appointed Naohiko Tabei as executive director, institutional clients and consultant relations. He is based in Hong Kong. Tabei, who has more than 25 years of industry experience, previously worked at Pine Bridge Investments, where he held the post of head of institutional business. Prior to that, he was head of institutional fund sales at Schroders Investment Management.

RBC Wealth Management promoted Ignatius Chong, its market head for Greater China, to the new role of managing director, head of private wealth for Greater China. Chong is responsible for building out the firm's private wealth offering in Hong Kong, Taiwan and China. In his new role, Chong reports to Peter Corry, head of wealth management for Asia.

Julius Baer appointed former UBS senior manager Yves Klenk as head of markets and advisory solutions for Hong Kong, a new role at the firm. Klenk reports to Luigi Vignola, head of markets and advisory solutions for Asia-Pacific. Vignola is based in Singapore. At UBS, Klenk was most recently head of active advisory for Asia-Pacific. He worked for the Zurich-listed lender for 18 years, including time in Asia and Switzerland.

Trident Trust appointed Sean Coughlan as managing director of its Singapore office. Coughlan has held a number of senior positions within the trust industry in Singapore and Europe at both independent and institutional trust companies. In his new role, Coughlan reports to Markus Grossmann, regional manager for Trident Trust’s offices in Hong Kong, New Zealand, Singapore and Zurich and the Trident Fiduciaries (Middle East) office in Cyprus.

Grossman was made the MD for Singapore at Trident when that firm opened the office in the Asian city, later becoming Asia regional manager. Coughlan's arrival means Grossman moved out of the MD role in Singapore to focus on his regional responsibilities.

Zurich Insurance Group appointed Jack Howell to be its chief executive for the Asia-Pacific region. Howell reports to Mario Greco, group CEO, and is based out of Hong Kong. Stuart Spencer, who holds the position of regional CEO of Zurich in Asia-Pacific on an interim basis, remains in the region and will work with Howell. Previoiusly, Howell worked at Generali, where he held the role of regional officer for Asia since early 2015. He has more than 20 years of experience in Asia's insurance sector, holding CEO positions in the Philippines, Vietnam and Indonesia at AIG and Prudential.

Singapore-based independent asset manager firm TriLake brought in senior relationship manager Dean Elder, formerly a senior figure at Standard Chartered’s private bank.

Standard Chartered Private Bank hired two senior managers, based out of Hong Kong. Michael Yong-Haron joined the private bank of the UK-listed firm as head of relationship management, private banking in Hong Kong. Previously, he was North Asia head of wealth management at Royal Bank of Canada. Alex Tse was appointed managing director, senior team leader of client advisory, private banking. He was most recently managing director and sector head at Credit Suisse. The pair report to Desmond Liu, regional head of Greater China Private Banking.

Manulife appointed Gretchen Garrigues as executive vice president and global chief marketing officer. Garrigues was previously global chief marketing officer at First Data, where she led marketing efforts to deliver on the firm’s initial public offering last year. Before that, she spent 16 years in various marketing leadership positions at GE Capital.

The chief operating officer of Australia-headquartered Westpac, John Arthur, retired from the lender. The roles of group general counsel and chief compliance officer being elevated to the executive team, meanwhile. Arthur had been at Westpac since 2008, joining as group executive, counsel and secretariat. He was made COO in September 2011. His most recent responsibilities included contact centres, procurement, property, banking operations, enterprise investments, compliance, legal and secretariat services.

As part of the changes, Rebecca Lim, group general counsel and chief compliance officer, joined the executive team, reporting to chief executive, Brian Hartzer. Gary Thursby took on the expanded role of group executive, strategy, transformation and business services.

Withers appointed Marcus Hinkley as special counsel in its Singapore office. Hinkley previously worked at Collas Crill, where he was formerly head of the trust group practice in the Channel Islands, and since 2012, head of the firm’s Singapore office. He advises trust companies, banks, family offices and wealthy families on all aspects of private wealth structuring, with an emphasis on the Southeast Asian region.

Bank of America hired Izumi Devalier, formerly of HSBC, as its chief economist for Japan. Devalier, who worked as a Hong Kong-based economist at HSBC covering Japan and other Asian economies, joined Merrill Lynch Japan Securities Co as head of Japan economics.

Australia and New Zealand Banking Group appointed Richard Yetsenga to the post of chief economist, reporting to its managing director for markets, Shayne Collins. Yetsenga joined the bank in 2011 and has been acting chief economist since March this year. Prior to this, he was the head of financial markets research at ANZ. He has held senior economic research roles at HSBC, Deutsche Bank and the Australian government.

Eight Roads Ventures, formerly known as Fidelity Growth Partners, appointed Joe Chang as a partner in its China ventures team. The team focuses on enterprise technology, consumer IT, fintech and services investments. Chang is based in the Shanghai office. Previously, Chang worked at SoftBank China Venture Capital, where he was a partner. Before that, Chang was head of corporate development at Cisco Greater China. Before this, he held various senior sales and general management roles at Microsoft China, having spent the first 10 years of his career in consulting in China and the US, first with Coopers & Lybrand then McKinsey & Co.

PricewaterhouseCoopers admitted 58 new partners across its firms in mainland China, Hong Kong, Taiwan and Singapore, taking the total to around 800 partners. Of the new partners, 33 are based in mainland China, nine in Hong Kong, eight in Taiwan and eight in Singapore. Some 27 new partners are with the assurance practice; there are 15 in tax and 16 in advisory. Out of the total, 18 of the new partners are women, equal to 31 per cent of the new intake, it said. These 58 partners are newly promoted.

Hong Kong’s Securities and Futures Commission appointed Christina Choi as executive director of investment products for a three-year term. Choi was appointed acting head of the investment products division after Julia Leung was appointed as executive director of the intermediaries division in June.

Australia’s financial watchdog appointed a new chairman of its markets disciplinary panel for a two-year term. The new chairman is Simon Gray. He took the helm from Lisa Gray, who has led the panel for the past six years.

Union Bancaire Privee brought in two senior bankers for its Singapore business. Prashant Tandon, one of the joiners, previously worked at Barclays, where he was a managing director covering non-resident Indian markets and based out of Dubai. He carried out that role for more than five years. Formerly, he was a director at Merrill Lynch. The second joiner is Jane Maund, who is to cover North Asian clients. Maund previously worked at Goldman Sachs. They are based in Singapore.

Savills Investment Management, part of the Savills real estate group, appointed Tammy Kuan as chief financial officer for the Asia-Pacific region. Kuan leads the finance and operations teams in the region and have overall responsibility for fund finance, covering financial reporting and control, and financial due diligence on new deals, working with the Savills IM group teams on tax structuring, tax compliance, debt origination and treasury management. Also, Kuan took on an operations responsibility, principally in areas such as risk and compliance across Asia-Pacific.

Northern Trust hired Sarah Boddey as chief diversity officer for Europe, Middle East, Africa and Asia-Pacific. The previous holder of the role was Pamela Hutchinson, who now works for Bloomberg, the news and information service. Based in London, Boddey is responsible for leading the Chicago-headquartered bank’s diversity and inclusion strategy in this region, and reports to Connie Lindsey, head of corporate social responsibility and global diversity and inclusion.

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North America 

Turner Investments, which recently merged with the investment advisory firm Veracen, named Stefania Perrucci as global head of fixed income, as the firm anticipates the launch of a series of fixed income, credit and absolute return investment strategies. In this newly-created role, Perrucci serves on Turner’s investment committee and is a member of the firm’s fixed income/credit, yield/income, and absolute return investment sub-committees. Before joining Turner, Perrucci was the founder of New Sky Capital, where she served as chief investment officer for a macro, fixed income, relative value fund. She was also a fixed income portfolio manager at Morgan Stanley and began her investment career as a senior risk specialist at International Finance Corporation, World Bank Group in 1997. 

Ursula Auger joined Castle Wealth Management as a portfolio manager and member of the investment committee. Auger has worked for firms such as JP Morgan, Citibank and Wells Fargo, with a focus on affluent and ultra high net worth families. 

Matthew Marsh joined Dynasty Financial Partners as director of investment solutions, covering the western and central divisions. Marsh will work closely with Scott Welch, chief investment officer, and Michael Moriarty, director of investment platforms, to help Dynasty's network of advisory firms with technology installments, as well as provide research resources.

Marsh was previously southwest regional manager for the consulting group at Morgan Stanley, responsible for all advisory sales activity. Between 2005 and 2007, he was a vice president and wealth management specialist, responsible for all wealth management activities for two regions within the Smith Barney retail framework. In 2003-2004, he was a wealth management advisor at Merrill Lynch in San Diego, CA, and from 1999-2003 held senior equity trading/portfolio manager and associate roles at Wells Fargo Securities and Wachovia Securities. In his new role at Dynasty, Marsh will report to Todd Thomson, Dynasty’s chairman, and will split his time between the firm’s San Francisco, CA, and Chicago, IL, corporate offices.

Marc Mallett is to lead the newly-merged product, account management and sales organizations for SimCorp North America. “By consolidating product and sales, clients and prospects will be able to work with a more streamlined organization unified under a single point of executive accountability,” said James Corrigan, managing director of SimCorp North America, a provider of investment management solutions and services to the global financial services industry.

Mallett joined SimCorp North America in January 2015 to establish “a more formal local product management organization,” the firm said, adding: “Since then, he has demonstrated success in developing new business, enriching SimCorp's client engagement model, and driving North American partnerships with the consulting community.” Before joining SimCorp, Mallett held leadership roles at firms such as Northern Trust, where he was head of product and strategy of global fund services, and the consultancy Citisoft, where he was chief operating officer. He also previously served as a vice president of technology at Fidelity Investments.

Wunderlich, a full-service investment firm headquartered in Memphis, TN, added Michel Rittenberg to its wealth management team as manager of the Miami branch. Rittenberg, a 36-year veteran of the financial services industry, previously worked at Raymond James & Associates. Before Raymond James, he was a branch manager at Morgan Keegan & Co in Miami from 2005 to 2012. Earlier still, he served as New York City complex manager at H&R Block Financial Advisor, and was a managing director at Prudential Global Derivatives in New York. He began his career at Merrill Lynch.

Atlanta, GA-based Smith & Howard Wealth Management brought in Brad Swinsburg, who has a strong background in the family office space, as director of investments. Swinsburg spent the past five years as a vice president and senior portfolio manager in the Atlanta branch of Hirtle, Callaghan & Co, a Pennsylvania-based outsourced chief investment office. He has also previously served as a global investment specialist at JP Morgan Private Bank, and spent a decade earlier in his career at Goldman Sachs.

Schroders made three senior appointments in New York to underpin the strong growth of its US fixed income business. David Knutson joined the US credit team as head of research for the Americas, reporting to Wes Sparks, head of US credit. He previously worked at Legal and General Investment Management America, where he was a senior analyst in fixed income research. Before this, he spent three years as director of fixed income research at Mason Street Advisors, and seven years working in credit research and debt capital markets at UBS. He replaces Jack Davis, who is taking on a senior analyst role within the company.

Meanwhile, Eric Skelton joined the global fixed income and FX trading team, covering US investment-grade credit. Skelton will report to Gregg Moore, head of trading in the Americas, and also work closely with US credit portfolio managers Rick Rezek and Ryan Mostafa, as well as the rest of the US fixed income trading desk. He was previously a credit trader at Achievement Asset Management (formerly Peak6 Advisors), and before that spent three years at Nuveen Investments. Lastly, Chris Eger joined the US credit team in a newly-created role as portfolio manager, reporting to Sparks. Eger joined from JP Morgan Chase, having previously worked at AIG Global Investment Group.

The head of Wells Fargo's private client group, David Kowach, was named as president and head of Wells Fargo Advisors, the company’s national retail brokerage. A successor will be announced in due course, the firm said. In his new role, Kowach will report to David Carroll, senior executive vice president and head of Wells Fargo Wealth and Investment Management. He succeeds Mary Mack, who was named head of community banking. Before leading the private client business, Kowach led WFA’s business development group – a role in which he was responsible for financial advisor recruitment and retention, growth strategies and national sales. He began his career as a financial advisor in the Philadelphia area. 

Brett Abess, Thad Adams and Susan Strickroot Adams were elected to the board of Fiduciary Trust International of the South. Abess is a partner at ThinkLAB Ventures, his family office formed in 2008 after the sale of his family-owned City National Bank of Florida. Adams, meanwhile, is a senior vice president responsible for leasing and investment sales at Allen Morris Company, which is headquartered in Coral Gables, FL. Strickroot Adams is a partner in the Coral Gables law firm of Adams & Adams, concentrating her practice in the areas of estate planning and probate. Before entering the private practice of law, she served as senior vice president and trust counsel of Fiduciary Trust International of the South.

Julius Baer recruited a handful of private bankers from HSBC to grow its Latin American business,Bloomberg reported. The Swiss bank declined to comment on the hires when contacted by this publication. The private bankers are reportedly based in Monaco and Switzerland, according to one of three people with knowledge of the matter, Bloomberg said. Last month, Alain Ucari was appointed as chairman of Julius Baer in Monaco, with Albert Henriques from HSBC replacing him as chief executive of the Monaco business. This publication understands that additional bankers will join Henriques in Monaco, including a dedicated LatAm team.  According to Bloomberg, HSBC is in the process of divesting a portfolio of LatAm client assets in Switzerland to Banco Santander, as the British lender restructures its private bank. The deal may include $4-6 billion of assets under management, the news service added, citing people with knowledge of the matter. 

US Trust, part of Bank of America, made 14 hires across 12 states from firms including JP Morgan, Northern Trust and BNY Mellon. In California, Danielle Conkling joined the Palo Alto office as a private client advisor, having previously been a private banker at Citi and earlier JP Morgan.
In Florida, Yolanda McLeod Terry joined the Winter Park office as a private client manager from SunTrust Banks, where she was a wealth manager. Meanwhile, in Illinois, William Fritz was appointed as a private client advisor in Chicago. He was previously a private banker at JP Morgan.

In Missouri, Marvin Anderson joined the Saint Louis office as a private client advisor from JP Morgan Private Bank, and in New Jersey Timothy Quinn joined in Florham Park as a private client advisor from GAMCO Asset Management. In other moves, Mary Yi joined the New York office as a personal tax accountant, having previously worked at RSM US as a tax manager. Also in the Big Apple, Nora Reinhart joined as a senior trust officer. She was previously a senior fiduciary relationship manager at BNY Mellon Wealth Management.

Continuing the hires, Anne Davis stepped into the Charlotte, NC, office as a senior trust officer from PNC Wealth Management, where she was a wealth strategist, while, in Oklahoma, Stacey Sturgess joined in Tulsa as a senior trust officer from BOK Financial, where she was a senior trust/tax administrator.

Meanwhile, in Pennsylvania, Carolyn Meisel joined the Philadelphia branch as a regional fiduciary advisor, having previously worked at Heckscher, Teillon, Terrill & Sager as a trusts and estates attorney.

In South Carolina, Brian Hungerford joined the Greenville office as a private client advisor, having previously worked at Wells Fargo & Company as a commercial banker. Rounding off the hires, Mary Carswell joined in Nashville, TN, as a private client advisor from Credit Suisse Securities; in Texas, John McCulloch joined the Dallas office as a senior trust officer from Comerica Bank; and Maurice Jelks also joined US Trust in Dallas as a senior trust officer from Northern Trust. 

iCapital Networ, an online provider of alternative investments, brought in three technology professionals. Eli Entin joined the firm as head of product, Mike November joined as head of platform architecture, and Kevin Scrivanich joined as director of product management. Entin was most recently vice president of product management at OnDeck Capital; November joined from Bridgewater Associates; and Scrivanich previously worked at E*TRADE Financial.

Kestra Private Wealth Services, an RIA subsidiary of Kestra Financial, hired Tim Lewis as director of business development, responsible for leading recruiting initiatives. Lewis joined Kestra PWS from Fidelity Investments, where he was vice president of institutional sales.  
Fund Evaluation Group appointed Michael Condon to the new position of senior vice president and outsourced chief investment officer (OCIO). Condon brings more than 20 years of experience as an acting CIO, having most recently served as CIO of Southern Methodist University, where he led a 15-person office and was responsible for all aspects of investing the university’s $1.5 billion endowment. As CIO of the University of Arkansas Foundation, he oversaw a $1.1 billion endowment, and during his 10-year tenure at Georgia Tech, the foundation endowment grew from $440 million to $1.5 billion.

Merrill Lynch hired Paul Morris as managing director and private wealth advisor in its private banking and investments group (PBIG) office in New York City. He was previously an advisor at Deutsche Bank’s private banking arm. Morris provides high net worth clients with estate planning, investments, insurance and lending advisory services. His clients include entrepreneurs, executives, and family offices.

Fintech firm Active Allocator appointed Brian Jones to the newly-created role of chief financial officer and director. In February this year, he founded Windmill Capital Management, an investment management firm offering high net worth investors opportunities in real assets such as real estate and alternative energy. Previously, Jones was director, CFO and assistant secretary at RCS Capital Corp from 2013 to January 2016.

Bank and broker-dealer HJ Sims appointed Jonathan Jarow as managing director and senior vice president of its office in Boca Raton, Florida. Jarow was previously a member of the executive team at David Lerner Associates. He leads HJ Sims' private client group financial advisory team.

Connecticut-headquartered LLBH Private Wealth Management appointed Jeff Fuhrman, its chief operating officer and chief financial officer, as president, a newly-created role. Fuhrman joined LLBH in 2013 as COO and CFO. As president, he retains responsibility for the human capital, financial management, operations, technology and marketing efforts of the firm while also focusing on LLBH’s growth initiatives.

New Jersey-based Peapack-Gladstone Bank, which provides private banking services, hired Wilson Tam as senior vice president, head of multi-family underwriting. He previously worked at Capital One as senior director, commercial business risk office; senior vice president, special assets officer; and senior vice president, senior underwriter/team leader, middle market lending and marine finance.

Philadelphia-headquartered Hirtle Callaghan, an outsourced chief investment officer firm, appointed Ranji Nagaswami as its new chief executive, replacing co-founder Jonathan Hirtle, who remains with the firm as executive chairman. Nagaswami has spent most of her almost 30-year career as a senior executive, advisor and strategist in both private and public sectors.

Bay Trust Company, based in Kilmarnock, Virginia, welcomed Elizabeth Crowther to its board of directors. Crowther was already a member of the board of Bay Trust's holding company, Bay Banks of Virginia. She has also been president of Rappahannock Community College since 2004.
Toronto-headquartered Manulife appointed Gretchen Garrigues as executive vice president and global chief marketing officer, a newly-created role. Garrigues was previously global chief marketing officer at First Data where she led marketing efforts to deliver on the firm’s initial public offering last year.

PURE Insurance, the high net worth insurer, made four senior hires: Natali Mohanty, senior vice president of data and analytics; Scott Spencer, senior vice president of risk management; Jennifer Spindler, senior vice president of underwriting operations; and Michael Taylor, senior vice president and deputy chief claims officer. Mohanty was most recently Chubb's vice president of enterprise analytics, while Spencer was global head of risk management at Chubb Personal Insurance. Spindler, was previously vice president of strategic underwriting at ACE Private Risk Services, and Taylor joined from AIG, where he was chief claims officer for the private client group and global claims officer for accident and health.

Light Street Capital Management, based in Palo Alto, California, appointed Bill Nolan as of head of business development. Nolan was previously head of marketing and investor relations at Passport Capital from 2008 to 2015, and before that, he spent eight years with Crosslink Capital. He is responsible for developing and expanding Light Street's business presence and relationships with investors.

Illinois-based Trust Company hired Greg Aagaard as market development officer to further its reach to the greater Chicago area and beyond. Aagaard most recently worked at financial products start-up Elkhorn Investments since 2013. In his new role, he focuses on younger investors while also helping individuals and families through life’s transitions. He is also responsible for targeting small and mid-sized business communities.

BDO USA, the professional services firm, bolstered its Florida practice with the addition of over 100 staff, including 14 partners, from Goldstein Schechter Koch. The move added “significant resources to our growing wealth advisory practice,” said Wayne Berson, chief executive at BDO USA. GSK provides accounting, tax and wealth advisory services to public and private middle-market businesses, non-profits, and high net worth individuals through GSK Wealth Advisors. It has been a member of BDO Alliance USA since 2004. The combination of the two firms is subject to customary closing conditions and is expected to close by the end of the third quarter.

Navigant added seven new directors to support the firm’s expanding financial services advisory and compliance segment. “At a time when technology, regulation and innovation are increasing exposure to and the complexity of business risks, it is critical that we enhance our team with decades of law enforcement, investigative, regulatory, and risk management expertise,” said Ellen Zimiles, Navigant’s financial services advisory and compliance segment leader. The new recruits are: Joseph Campbell in Washington, DC; Jonathan Castro in New York; David Jones in Boston; John Loesch in Washington, DC; Gonzalo Sanchez in Miami; Samantha Welch in New York; and Benjamin Whitfield in Washington, DC. Combined, they have experience working at the FBI, within global financial institutions, the SEC, and international banks such as HSBC, Citigroup and Morgan Stanley, among other sectors. 

Merrill Lynch recruited Habib Yousefzadeh from Morgan Stanley in Oklahoma City. Yousefzadeh had $110 million in assets under management at his former firm. He has worked in the financial services industry since 1989, having also worked at Merrill Lynch and MetLife.

Michael Liou joined Citi Private Bank as a director and investment counselor in Palo Alto, CA. The firm confirmed that this is a new role that underscores its commitment to the Bay Area and broader US western region. Liou joined Citi from Anvil Capital Advisors, where he was founder and chief investment officer. Before that he spent 17 years at Goldman Sachs in private wealth management, securities and synthetic products. In his new role at Citi, he will report to Michael Remak, head of the northern California investments team.

Philadelphia, PA-based Janney Montgomery Scott said it hired five financial advisors in July, bringing the firm’s total number of additions so far this year to 28. The latest recruits joined Janney in Florida, New York and Pennsylvania.  In Florida, Ryan joined as a financial advisor from Oppenheimer & Co and is based in Palm Beach Gardens. In New York, Peter Miezels, a senior vice president of wealth management, and Christopher Carpenter, a financial advisor, joined from Stifel, Nicolaus & Co. Carpenter, new to the business and working with Miezels, is a former Major League Baseball pitcher for the Chicago Cubs and Boston Red Sox. Lastly, in Pennsylvania, Janney hired William Manchester, also from Stifel, as a vice president of wealth management in Radnor. Meanwhile, in Bryn Mawr, Arthur Jones joined in the same capacity from Boenning & Scattergood. Lastly, in Pennsylvania, Janney hired William Manchester, also from Stifel, as a vice president of wealth management in Radnor. Meanwhile, in Bryn Mawr, Arthur Jones joined in the same capacity from Boenning & Scattergood.

Kelly Rodriques resigned as chief executive of PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank, and as executive vice president of wealth services at Opus. Rodriques has led PENSCO since March 2010 and has served as executive vice president at Opus since the firm's acquisition of PENSCO in April 2016. He is being replaced by Curtis Glovier, who is joining from Fortress Investment Group as chairman and chief executive of PENSCO, and as head of wealth services at Opus. Glovier will continue to serve as a member of Opus’ board of directors, but as a management representative instead of as a board representative of Fortress. Meanwhile, Patrick Hughes, PENSCO’s senior president of business development, was appointed as president of PENSCO. Going forward, PENSCO will be led by Glovier, Hughes, and Mark Lee, chief operating officer.

St Louis, MO-based Benjamin Edwards & Co, the brokerage firm and RIA, launched a new office in Berryville, AR, as well as making a splash of hires across its existing offices. The firm added two advisors to its office in Sarasota, FL, while adding one advisor to each of its Edwardsville, IL, Wheaton, IL, Mandeville, LA, and Portland, OR, branches.

In Berryville, Allen Roger joined the new office as a vice president of investments from Wells Fargo Advisors, along with senior registered financial associate LeeAnn Ashford. In the Sunshine State, Marc Breuer was appointed as a financial consultant in Sarasota, moving over from Morgan Stanley, while Greg Hicks joined as a vice president of investments from Merrill Lynch. The firm launched its Sarasota office in 2015, and now has six employees there in total. 

Meanwhile, in Edwardsville, IL, Bradley Joiner left Merrill Lynch to join the office as a financial consultant, bringing Benjamin Edwards' total number of staff there to three. Also in Illinois, Christopher Larrabee, a managing director of investments, joined from Stifel Financial in Wheaton, where the firm also brought in Sheryl Aubry as a senior financial associate. The Wheaton office, which opened in 2010, now employs a total of 14, including eight financial advisors. Rounding off the hires, Kirby Newburger was appointed as a senior vice president of investments in Mandeville, LA, and Steve Potter as an associate vice president of investments in Portland, OR. They moved from Raymond Hjames and Stifel respectively.

Brian Howard was named president of Tompkins Financial Advisors, based in Ithaca, NY. Howard was previously a senior vice president and market manager at Key Bank, covering the central New York region and overseeing the wealth management division. Meanwhile, at US Trust, he held roles including managing director and market executive in Boston, MA, and senior vice president and market leader in central New York. 
A group of advisors formerly associated with Wells Fargo launched GYL Financial Synergies, an RIA, through Focus Financial Partners in Connecticut. Based in West Hartford, the team is led by Gerald Goldberg, Jonathan Yolles, Michael Lepore and Claire McDonald. They spent over 15 years at Wells Fargo and its predecessors. Goldberg will serve as chief executive, Yolles as chief investment officer, and Lepore and McDonald as senior managing directors.

Charlie Buckley is joining Credit Suisse from UBS in September as head of ultra high net worth coverage, part of a new group focused on clients including family offices, company founders and entrepreneurs. Buckley was most recently managing director and head of family office coverage for the Americas at UBS, having worked at the Swiss bank for over 20 years. Before taking that role in 2012, he was global chief operating officer of UBS' investment banking division.

In his new role at Credit Suisse, Buckley will work alongside the firm's industry and product bankers, as well as the UHNW lending team, to provide corporate finance, lending and private investing opportunities. The entire UHNW group will be run by Harold Bogle, chairman of investment banking and capital markets, with Buckley running the UHNW coverage group. The move is part of an initiative announced by Credit Suisse in its 2015 October strategic review, and follows its decision last year to exit the US private banking sector through a deal with Wells Fargo.