A roundup of senior moves for the wealth management industry during March.

Moves for UK, continental Europe, Middle East, and other centres

Weatherbys, the UK private bank, named former senior UBS figure Dominic Vail as non-executive director. Vail has more than 30 years’ global banking experience, having held senior positions in both investment banking and wealth management at UBS, the Swiss-based multinational bank. Vail was most recently group managing director of UBS Wealth Management.

Kreston Reeves, which provides accountancy, business and legal advice in the UK, added to its legal services team, appointing senior solicitor Catalina Lowe. Lowe joined from Mayo Wynne Baxter, a Sussex law firm, based in Brighton. 

AHR Private Wealth, based in the United Arab Emirates, appointed Sammy Barrett to develop and lead its property division. Barrett joined following five years in the property sector having had a variety of roles, including head of property investment at deVere Group. 

Mayank Prakash was appointed chief operations officer at Tilney Smith & Williamson. He took over from Donald Reid, who retired. Reid, who was with the firm for more than a decade, stayed on in an advisory role. Prakash joined Tilney Smith & Williamson as chief technology officer last September after the firm completed its merger. Prior to that, he served as chief consumer digital and information officer at utilities group Centrica. 

Tilney Smith & Williamson hired Paul Barker, who is located in London, as a chartered financial planner. He joined from Cavendish Medical where he spent a number of years advising senior NHS staff and their families, and clients in private medical practice on their finances. 

Mark Branson stepped down as chief executive of the Swiss Financial Market Supervisory Authority, aka FINMA. He moved to become the president of BaFin, Germany's financial regulator. Branson had worked at FINMA since 1 January 2010, initially as head of banking supervision and from 2013, also as deputy CEO, and since April 2014 as chief executive. He played a decisive part in building up the regulatory authority and establishing it both nationally and internationally. Jan Blöchliger took over the operational leadership of FINMA.

The board of Oak Group appointed Graham McCormack as CEO. McCormack had been in the caretaker role since the group’s former chief executive Stuart Platt-Ransom stepped down. McCormack is former CFO at the business, which was formed in 2018 with the merger of Oak Trust Group, the Consortia Partnership and Kreston IOM. Platt-Ransom moved over from Guernsey-based Legis Group to head the new venture.

Aviva Investors appointed Talvinder Mann in the newly-created post of UK head of wealth in the firm’s UK wholesale business. Based in London, Mann is responsible for the strategic focus of Aviva Investors’ wealth business across the UK and globally. He reports to UK head of wholesale, Apiramy Jeyarajah. Mann was formerly at Aberdeen Standard Investments, where he was a director responsible for distribution strategy and sales coverage in the UK and Switzerland. 

Fiduciary services provider Equiom appointed David Foster as group head of private wealth. Based in Jersey, he is responsible for growing Equiom’s private wealth business globally. Foster was most recently responsible for all international offshore trust businesses as vice president and head of fiduciary services at RBC Wealth Management International.

JTC appointed Naro Zimmerman as director and head of its Dubai office for private client services. Zimmerman moved from JTC’s private client team in Guernsey, where he oversaw a portfolio of international high net worth clients, with a particular focus on the Middle East. 

IQ-EQ, the investor services group, appointed director Jacques Vermeulen as chief commercial officer for Guernsey. Since joining the group in 2009 as a senior administrator, Vermeulen rose through the ranks; he was named a client services director within IQ-EQ’s funds segment in August 2019 while working as part of IQ-EQ US in New York.

EFG International named Harald Reczek as new head of investment solutions and a member of its global business committee. It also named Sanjin Mohorovic as new head of the Latin America region and the same committee.

Reczek, who reports to Giorgio Pradelli, global chief executive, took over from Renato Cohn, who decided to step down to re-join BTG Pactual. Reczek has worked in financial services for more than two decades, joining EFG in 2020 as deputy head of investment solutions and global head of distribution. He has also worked at Credit Suisse, Deutsche Asset Management and DWS Schweiz.

Cohn was made deputy CEO and head of investment solutions at EFG when the firm completed its purchase of fellow Swiss bank BSI in November 2016. Before this, he had been group deputy CEO at BSI after joining the firm in September 2015. Meanwhile, Mohorovic has almost 20 years of industry experience and has been the global private banking chief operating officer at EFG in Zurich, since January 2020. Before that, he was private banking COO of EFG’s Latin America region, based in Miami. 

Goldman Sachs Asset Management appointed Hilary Lopez as head of its retail business for Europe, Middle East and Africa. A managing director, she reports to Fadi Abuali, chief executive officer of Goldman Sachs Asset Management International, co-chief executive officer of Goldman Sachs for the Middle East and North Africa region and head of the GSAM EMEA Client Business. With two decades of industry experience, Lopez joined from BNY Mellon Investment Management, where she served as head of intermediary distribution for Europe and Latin America.

Barclays Private Bank chose Paris and Milan as locations to bolster services to family offices and ultra-high net worth clients in Europe. Bernard Corneau was named head of private bank coverage for France; and Carlo Baronio named head of private bank coverage for Italy. Both co-locate alongside the bank’s corporate and investment banking teams already established in both cities. Corneau joined at the beginning of March and Baronio joined in April. They report to Europe head of private banking Pat McCormack.

Corneau was previously at Deutsche Bank Private Wealth Management where he was head of France, advising UHNW clients on complex investment solutions, including private investment. Before that he was in charge of UHNW clients at Credit Suisse. Baronio moved over from Barclays Investment Bank where he was a director in the Italian debt capital markets origination team.

Nuveen-owned Westchester Group Investment Management appointed Cristina Hastings Newsome as head of sustainability, reporting to Martin Davies, CEO and president of Westchester. She is based in london. Hastings joined from Louis Dreyfus Company in Switzerland where she was global sustainability lead responsible for grains and oilseeds. Previously, she worked at AstraZeneca, Proteus and Accenture.

Carey Olsen made two hires for its office in the British Virgin Islands and to its BVI dispute resolution group in particular. The joiners were associates Catherine O'Connell and Izabella Prusskaya, working under the leadership of Alex Hall Taylor QC. O’Connell joined after more than two years at Walkers in the BVI. Prusskaya is a multi-lingual Russian national educated in Russia, Germany and the US, who trained with Hogan Lovells in Moscow, and previously practised in France, Switzerland and the UK. 

Lindemann Law, the Swiss firm, appointed Dr Jakob Schaad as a partner. Prior to this, Dr Schaad held numerous senior positions at the Swiss National Bank and at the International Monetary Fund in Washington DC. During the global financial and ensuing economic crisis, he served as the Economic Policy Advisor to Federal Councillor Doris Leuthard, who was the Swiss Minister of Economic Affairs at the time. More recently, Dr Schaad was vice director at the Swiss think-tank Avenir Suisse and advised a wealthtech start-up. Dr Schaad holds a PhD in economics of the University of Zurich and is an affiliate member of the CFA Institute and the CFA Society Switzerland.

Y N Nagendra, joined UCAP Asset Management as board member and chairman for Asia and the Middle East. Nagendra was previously vice chairman and deputy chief executive for Asia at Bank J Safra Sarasin. Part of the ING Asia private bank team that became Bank of Singapore, Nagendra became the Alternative CEO, global head, India Subcontinent, at the-then newly formed private bank.

Julius Baer in India made a number of appointments in the country. It appointed Chirag Gandhi as senior advisor, team head, based in New Delhi. Gandhi joined with more than 15 years of experience in wealth management. He was most recently a senior partner at IIFLW and for the past decade he headed a team based in New Delhi. He brings a team of experienced bankers with him, opening avenues for Julius Baer in new client segments in northern India including Rajasthan and Punjab. The firm also welcomed a team of bankers from Avendus - Manish Khaitan in Mumbai and Abhinav Kumar in Bangalore - to add to its west and south India coverage.

Ian Sayers, who became chief executive of the Association of Investment Companies in January 2010, stepped down. He joined the association as technical director in 1999 and has agreed to stay on while a replacement is found.
 

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Credit Suisse’s asset management business named a former top UBS man as new chief executive of this division. It named Ulrich Körner as CEO Asset Management. This business is now run as a “new separate division”. Körner reports to group chief executive Thomas Gottstein. The outgoing global asset management head, Eric Varvel, will work alongside Körner in coming months to facilitate the transition. He is moving to his other roles as CEO Credit Suisse Holdings (USA) and chairman of the investment bank.

Zainab Dakhil joined law firm Cripps Pemberton Greenish as a new partner in its residential property team. Dakhil has 15 years’ experience of acting for HNW individuals across all aspects of prime residential property transactions, predominantly in London. He was previously at Royds Withy King.

Offshore law firm Carey Olsen appointed Suzanne Kingston to advise on family law. The former partner at Withers is consulting for Mills & Reeve and works with Carey Olsen in London advising the firm's growing family law practice. 

Withers hired Carl Newman and a team of associates in the London office to add to the firm's white collar defence, regulatory and fraud practice. Newman joined from BDB Pitmans, along with two senior associates and an associate. He has worked on proceedings involving the Financial Conduct Authority, Prudential Regulation.

Independent wealth advisory firm Artorius appointed former senior UBS figure Gareth Thomas as head of investment management. Thomas reports to Gerard Lane, chief investment officer. Thomas served in a number of senior investment roles at UBS Wealth Management, most recently as head of investment content UK and head of portfolio management UK. 

Wealth manager Tilney Smith & Williamson hired Henk Van De Beek in the Nottingham office as a financial planner for Tilney Financial Planning. 

Alderwood Capital, the London-based fund manager, made two senior hires. Ryan Sinnott joined as partner while Jonathan Crawford has been appointed partner, general counsel and chief compliance officer. With more than 20 years’ experience, both in the UK and Australia, Sinnott has worked in the asset management and financial services space. He joined from Northill Capital where he worked with Alderwood founder and managing partner Jon Little and was director of strategy and development. 

Chris Sharman, with more than 25 years’ experience in the fiduciary sector, was appointed as a private wealth director at Oak Trust Guernsey, part of Oak Group, the private client, corporate services and fund administration business. He joined from Intertrust Guernsey where he was a director for 17 years.

GAM Investments appointed Rob Page as head of marketing and client experience. Page reports to Jeremy Roberts, global head of distribution, and partner with global head of institutional solutions, Jill Barber. He is based in London. Before this, Page was chief marketing officer at Janus Henderson. Prior to that, he served in senior marketing roles at Hermes Fund Managers, Ardevora Asset Management and Liontrust Asset Management, among others. Page has worked in the sector for more than 25 years.

HSBC Asset Management appointed Dominic Clabby as head of exchange traded fund strategy, a new role at the firm. Clabby is based in London and reports to Carmen Gonzalez-Calatayud, head of ETF Capability. Clabby brings with him over 17 years’ experience in the investment industry, seven of which were spent focusing on ETF strategy and distribution. Prior to his new role he was at Invesco ETFs, formerly Source ETFs.

Ocorian, the corporate and fiduciary services, fund administration and capital markets firm, appointed Damian Resnik as its new managing director in Bermuda. Resnik joined the group in June 2019 as client and operations director.

Quilter appointed Tazim Essani as an independent non-executive director and member of its board remuneration committee. Essani has more than 30 years’ strategy and merger and acquisition experience in senior executive roles including at Close Brothers, Santander UK and GE Capital.

Global asset manager Comgest doubled its ESG research team to six personnel, with Petra Daroczi and Xing Xu being the most recent joiners as ESG analysts. The expanded team is headed by Sébastien Thévoux-Chabuel, and based in Paris. Daroczi, who is in charge of developed market companies, US-listed in particular, previously worked as an ESG analyst at Aberdeen Standard Investments in Singapore.  Xu is focused on Chinese companies and works with the group’s global emerging markets, Asia and China teams. Prior to Comgest, she was an analyst at Fosun Group.

Private wealth specialist Catherine Moore joined Ogier as a partner in Guernsey.

Stonehage Fleming made eight hires across its Family Office, Treasury, and Corporate Services divisions in Jersey. Miguel Loureiro and Florence Busel joined the Family Office; Amber Thomas, Marta Szyman, Jarek Wolak, and Matthew Bree joined the Treasury; and Jon Manning and Kay Jeanne joined Corporate Services. They are all based in the group’s Jersey office.

HSBC Asset Management appointed Michael Stromsoe as head of investor relations for its alternative investments business. Based in London, he reports to Steven Ward, head of alternative products. Stromsoe has more than 15 years’ experience in marketing and capital raising.

Rebecca Noyes joined Alderwood Capital, the London-based fund manager, as chief financial officer from Northill Capital where she was the senior financial controller. Prior to her role at Northill, she qualified as an accountant in 2014 and worked at Northill and its majority owner Waypoint Capital and affiliate Kedge Capital. Kenny Mansley joined as communications manager from Northill Capital where he had been in a similar role since 2011. Previously, Mansley worked in marketing, communications and design roles at RAB Capital, Wellington Management and Serco. Suzette Price also joined from Northill Capital as executive assistant and office manager. Before joining Northill in 2013 she had similar roles at Almeida Capital, Frontiers Capital and LICA Development Capital.

BNP Paribas Asset Management named Michael Herskovich as global head of stewardship within its “sustainability centre.” Herskovich is based in Paris and reports to Jane Ambachtsheer, BNPP AM’s global head of sustainability. Herskovich replaced Helena Viñes Fiestas, who left BNPP AM after 10 years to take up a new role as a board member of the Comisión Nacional del Mercado de Valores, the Spanish securities market regulator. Herskovich has been BNPP AM’s global head of corporate governance since 2009, responsible for implementing its stewardship policy, including proxy voting, issuer engagement and corporate governance analysis.

ZEDRA appointed David Rudge to manage its UK “active wealth” business and increase services to entrepreneurs, family business owners and private clients in the UK and internationally. Rudge moved from 15 years at Vistra, where he led the growth of its UK corporate and private client business. He was also on the group's founding management board. Before that, he spent six years at the Chilterns Group.

Howden, the international insurance broker working with clients such as advisory firms, appointed Chris Davies to co-lead its financial and risk advisors division, alongside executive director, Iain Middle. Davies previously worked at Plural Planning and, prior to that, 2Plan Wealth Management. He has 30 years’ experience working in the financial advisory sector. 

Brown Shipley, part of Quintet Private Bank, promoted Rebecca Williams to head of wealth planning. Williams is a chartered and certified financial planner, chartered fellow of the securities institute, and STEP member. She joined Brown Shipley in 2015, bringing with her experience from both the private banking arena and specialist financial advisory firms.

Radiant Financial Group, a consolidator of UK independent financial advisors, appointed Alan Hopley as head of financial planning and analysis. Hopley had a similar role at Addison Lee Group, where he developed and supported the business through its sale process and subsequent bank-led takeover in March 2020. 

James Cumming is Radiant’s new chief financial officer. He was most recently CFO at Complete Cover Group, where he led the financial team for over six years. At Radiant James is responsible for the finance function, a critical role as the business begins to acquire more firms and quickly adds scale. Robert Taylor joined as the group’s head of compliance. He was formerly at the compliance consultancy, TCC Group. Helen Taylor, the group’s new HR manager, was previously HR business partner at Chapman Freeborn Airchartering.

Guernsey Finance appointed its first dedicated representative in South Africa. Private wealth veteran Grant McLeod is in charge of developments in the jurisdiction, in areas including investment funds and private wealth, as well as open-ended fund structures, trusts, pensions and other vehicles. The private banker, who has 20 years' experience in South Africa, is a former advisor at Ashburton and Barclays Private Wealth.

London law firm, Payne Hicks Beach strengthened its dispute resolution practice appointing Georgina Bayley as a partner. She joined from Withers, following Jessica Henson’s recent addition as a partner in the dispute resolution division.

Succession, the UK financial planning and wealth management group, appointed Peter Coleman as chief commercial officer. Coleman takes executive accountability for Succession Group and Succession Advisory Services covering all financial planning, platform and investment services. He reports to Succession’s CEO, James Stevenson.

Enness Global Mortgages, the ultra-high net worth mortgage broker, appointed Nigel Le Quesne as non-executive chairman. 

Tiedemann Constantia opened a new office in Geneva and hired two senior managers. It recently established an SEC-regulated business. Charles d’Oncieu heads business development at the new office in Geneva, mainly concentrating on French-speaking regions. Sylvie Golay joined in Zurich as chief strategist and deputy chief investment officer. Golay spent 15 years at Credit Suisse working in Zurich and Hong Kong. She was previously head of financial markets strategy in the international wealth management division and a member of the global investment committee. She also led the fixed income strategy team. D’Oncieu joined from discretionary hedge fund Cove Capital, which he launched in 2017, and was the CEO.
 

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Asia-Pacific
Sun Hung Kai & Co, the Hong Kong-listed investments firm, named Lincoln Yeh to co-head the company’s private equity business alongside Vivian Hao. Yeh builds and runs the company’s international private equity investment portfolio and relationships, while Hao focuses on increasing the development of China markets. Before this role, Yeh – who has more than 17 years of industry experience – specialised in technology, media and technology investments at Tencent and Temasek.

 

Toronto-listed Sun Life Financial named Karim Gilani as president for its “international hubs” businesses - Hong Kong, Bermuda and Singapore. Gilani is chief financial officer at Sun Life Asia and head of strategic integration, responsible for overseeing and integrating its core regional functions of finance, risk, actuarial, product, legal, investments, mergers and acquisitions, and compliance. He joined Sun Life Asia as chief risk officer in 2015 and went on to become Asia CFO in 2017. Before Sun Life, Gilani held a variety of posts in risk, actuarial, products, reinsurance and consulting in Asia and North America. 

Samuel Tsien, the outgoing chief executive of OCBC, parent of Bank of Singapore, became an advisor to the group’s board after retiring in April. Tsien was appointed to OCBC’s board in February 2014 and made CEO in April 2012, originally joining in July 2007. Before his tenure at OCBC, he was president and CEO of China Construction Bank (Asia) when China Construction Bank acquired Bank of America (Asia).

DBS appointed a new non-executive director to join the boards of DBSH and DBS Bank: Chng Kai Fong. In addition to serving on DBS’ main boards, Chng also serves as a member of their audit committees and nominating committees. Three long-serving directors, Euleen Goh, Ow Foong Pheng and Andre Sekulic, stepped down as board members. As a senior civil servant, Chng, who is the managing director of the Singapore Economic Development Board (EDB), has been in the post since October 2017. Prior to joining EDB, he was the principal private secretary to the Prime Minister of Singapore.

Australia-listed Pendal Group said CEO Emilio Gonzalez was stepping down after 11 years in the role. He was succeeded by Nicholas Good, CEO of the J O Hambro Capital Management (JOHCM) operations in the US. Pendal acquired JOHCM in 2011.

Raffles Family Office appointed inaugural members of its newly-created Independent Advisory Board. The inaugural members were Christina Lau from LeeKumKee Health Product Group’s Infinitus Property Investment and David Chang, a senior advisor to Franklin Templeton for the Greater China region. The advisors help RFO with engagements involving highly complex family structures. They also help identify philanthropic opportunities for clients and advise on the company’s future development plans.

New Zealand’s Financial Markets Authority said that James Greig, director of supervision, had been appointed to join the FMA’s executive committee. He has reported to Robert Everett, chief executive, since last year. Since joining the FMA in 2016, Greig has led the FMA’s supervision team, which is responsible for monitoring and supervising managed investment schemes, supervisors, custodians, derivatives issuers and financial advice. Michael Hewes was appointed as head of financial advice, within the supervision team and will lead this work, reporting directly to Greig.

Industry veteran Nagendra Y N joined UCAP Asset Management as board member and chairman for Asia and the Middle East. Nagendra was previously vice chairman and deputy chief executive for Asia at Bank J Safra Sarasin.

BNP Paribas Wealth Management appointed former Citi Private Bank figure Kevin King as head of the China market. Based in Hong Kong, he reports to Michael Yong-Haron, head of wealth management for North Asia. An industry veteran, King has served in senior China market roles at Citi Private Bank over the past decade, most recently as global market manager.

Julius Baer in India appointed Chirag Gandhi as senior advisor, team head, based in New Delhi. It also brought in senior relationship managers to the India franchise.

Gandhi joined with more than 15 years of experience in wealth management. He was most recently a senior partner at IIFLW and for the past decade he headed a team based in New Delhi. He brought a team of bankers with him, opening avenues for Julius Baer in new client segments in northern India including Rajasthan and Punjab. It welcomed a team of bankers from Avendus - Manish Khaitan in Mumbai and Abhinav Kumar in Bangalore - to add to its west and south India coverage.

Lombard Odier Investment Managers made strategic hires in global equities across Asian and European offices. Henry Zhang, Ashley Chung, and Faye Gao joined in Hong Kong and Singapore; and Alina Donets in London.

Hong Kong-based Zhang joined as a portfolio manager responsible for the China high-conviction strategy. He was most recently portfolio manager at Harvest Global Investments in Hong Kong. Chung joined in Singapore as an analyst and junior portfolio manager from Schroders Investment Management, where she was in charge of conducting thematic analysis for the technology sector on behalf of institutional clients. Gao, who also moved from Harvest Global Investments, had spent time at AB Bernstein Research. She is Hong Kong-based and will provide long-term analysis for the Asian and Emerging Markets equities team.

Citigroup appointed David Brown as Asia-Pacific head of client executive and account management for custody and fund services, based in Hong Kong. Brown is responsible for client executive and account management teams across the region. He reports to Irimga McKay, global head of client executives and account management for custody and fund services, and David Russell, Asia-Pacific head of securities services and Hong Kong head of markets.

BNY Mellon Investment Management appointed Dominic Wong as head of the intermediary segment for Greater China and Sabrina Yu as a senior associate in business development for Taiwan.

In this-newly created role, Wong is responsible for developing and driving the intermediary strategy in Greater China, including leading the efforts with Asia’s private banks and global financial institutions in the region. His role includes deepening client relationships across private banks, family offices and retail banks, and growing assets under management in Hong Kong, Mainland China and Taiwan. Prior to this, Wong spent 15 years at Fidelity Investment Management, with his most recent role being head of intermediary business, North Asia covering Hong Kong, Mainland China, Taiwan and South Korea.

Wong was head of retail sales, Hong Kong at BlackRock, and earlier in his career worked in distribution and client relationship roles for New Alliance Asset Management, Asia and HSBC Asset Management, Hong Kong.

Yu joined the firm with a focus on building brand and relationships with Taiwan institutions, working closely with Rebecca Chu, head of Taiwan. Yu was most recently associate director, institutional sales at Aberdeen Standard Investments in Taiwan where she was responsible for building relationships and growing assets amongst Taiwan insurance companies, fund of fund managers and pension funds.

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The Maples Group unveiled a new Asian leadership structure for its law firm. Michael Gagie was appointed as regional managing partner for Asia. Gagie has spent the past decade working in leadership roles across the group's Asia offices in Hong Kong and Singapore. He assumed executive and leadership responsibility for the group's law firms in Hong Kong and Singapore. The other appointments: Matt Roberts, head of the Asia corporate practice; John Trehey, head of the Asia dispute resolution and insolvency practice; Michael Gagie, head of the Asia finance practice; and Ann Ng and Anthony Webster, co-heads of the Asia funds and investment management practice.

Fiera Capital Corporation, a Montreal, Canada-based asset management firm, added more than $500 million to its global equities team from Australia-listed AMP Capital. The team comprises four investment professionals: Simon Steele, lead portfolio manager, Neil Mitchell  who will be based in Fiera Capital's London office, with David Naughtin and Andy Gardner based in Hong Kong and Sydney, Australia, respectively.

US-based insurer and risk management group Chubb named Peter Kelaher as country president for Australia and New Zealand. Kelaher is senior vice president and head of property and casualty for Australia and New Zealand. Kelaher reports to Paul McNamee, senior vice president, Chubb Group, and regional president of Asia-Pacific. He succeeded Jarrod Hill, who is leaving the company.

Synpulse, the consultancy that works with financial services, named Inge Halim as managing director of Indonesia. Halim, who has three decades of experience in financial services, has worked with a number of large financial services organisations over her career. 

Manulife Investment Management appointed Adrian Chen as head of wealth and asset management, China. In this newly-created role, Chen leads growth of the firm’s wealth and asset management business in China. Chen is based in Shanghai and reports to Michael Dommermuth. He joined from UBS where his latest roles were general manager and legal representative of UBS Ruihua and UBS Asset Management. He worked at UBS for 13 years.

KPMG in Singapore named Anton Ruddenklau as its financial services head. Ruddenklau most recently served as global co-leader of fintech for KPMG International, and was partner and head of digital and innovation for financial services in KPMG in the UK.

Standard Chartered appointed Chandrima Das as global head, managed investments. Das, who is based in Singapore; reports to Marc Van de Walle, global head, wealth management. Das has more than two decades of experience in the banking and asset management industry in Asia and Europe. Besides having had leadership roles in financial institutions such as Bank of Singapore, ING, Prudential and most recently Grab, she is also the co-founder of Bento, an investment advisor platform with robotic and human components.

Indosuez Wealth Management named Shiladitya Choudhuri as market head of external asset manager and multi-family office business in Singapore, adding to his existing roles. Choudhuri had been MD at Indosuez’s Singapore branch since 2014 and, in his enhanced role, he continues to report to Omar Shokur, Asia chief executive and Singapore branch manager of Indosuez. Choudhuri has worked at HSBC Private Banking and ABN AMRO Bank in Singapore, as well as ICICI Bank in Dubai and India.

Separately, Jensen Wee was made senior director, head of client services in the firm’s Singapore branch. Reporting to Lucien Jeannin, chief of staff, Asia, Wee has more than 20 years of experience in the financial services industry with a strong track record in client relationship and service management. Prior to Indosuez, he was director, business management, at Julius Baer in Singapore.

HSBC appointed Xian Chan as chief investment officer of wealth management, and global head of research and insights at the bank's Wealth and Global Private Banking unit. It also appointed six regional CIOs in the division to grow and scale its wealth management franchise. Chan reports to global private banking CIO Willem Sels. Based in London, Chan has spent nine years at the global bank and has invested heavily in its digital transformation. The six regional CIOs named are Fan Cheuk Wan, Asia; Patrick Ho, North Asia; James Cheo, Southeast Asia; Jonathan Sparks, UK & CI; Belal Khan, MENA and Europe; and Jose Rasco, Americas.

Credit Suisse boosted its wealth talent with two senior hires in its Mumbai and Delhi offices. Suveer Modi joined its Private Banking India Onshore business as a senior relationship manager in Delhi. He reports to onshore private banking group head Puneet Matta. The veteran banker is the former executive director of Kotak Mahindra Bank. Sudipto Sinha also joined from Kotak Mahindra Bank, where he worked for 15 years in its wealth management business. He began at the bank as the team head in Kolkata, moving on to lead the Delhi market, before adding the eastern region to his responsibilities. In 2018, he moved to Mumbai as a team leader and continued to manage his Delhi clients. He joined Credit Suisse as a senior relationship manager in Mumbai, also reporting to Matta.

DBS Bank appointed a new Malaysia country head to take over from Jeffrey Ling, who was slated to retire. Abdul Raof Latiff took over from him at the start of June. Latiff, the group head of digital for institutional banking at DBS, as well as group head of global transaction services product management, handed over the role to Lim Soon Chong.

 

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North America

Wealth management advisory and coaching firm Carson Group hired Christopher Page as vice president of mergers and acquisitions. Page moved from KCB Private Equity in Pasadena, California, where he led investment development, deal sourcing and origination. 

The former CEO and president of Boston Private, Clay Deutsch, joined The Coury Firm’s board of advisors. The privately held multi-family office is based in Pittsburgh. Prior to joining Boston Private, Deutsch was a senior partner at McKinsey & Company where he led organizations in strategy development, operations improvement, M&A, and divestiture and merger management. He serves on several non-profit boards in the healthcare, education and arts sectors.

Bellwether Asset Management hired Cara Leonard-Munn as senior vice president, debt asset management. In her new role, Munn is responsible for leading the Bellwether debt asset management team. Munn previously worked at CBRE where she provided structured finance advisory services. She also worked at Savills, leading the Global Hotel Group investment banking platform.

Sanctuary Wealth added North Carolina-based RHA Wealth to its network, bringing in a business with about $250 million in assets. RHA Wealth, which operates from Raleigh, consists of managing directors John Rumsey, Robert Hartinger and Clark Abbott, supported by registered senior wealth associate, Ashley Rushin. They were previously with Merrill Lynch.

The firm also welcomed Cedar Gap Wealth Management, which was founded in 2008 by Michael Hull and Ben McAnally. They worked together as the Hull & McAnally Group at Merrill Lynch Wealth Management in Abilene.

International law firm McGuireWoods added partner Garrett Johnston, who advises private equity funds, their portfolio companies, independent sponsors and family offices on transactional matters. He is based in Houston, Texas. He came to McGuireWoods from Willkie Farr & Gallagher.

Advisor Group recruited Rosenblum Wealth Management into its orbit - a solo practice based in Jupiter, Florida, and Flemington, New Jersey. The group oversees $173 million in total client assets. Rosenblum Wealth Management joined Advisor Group through its subsidiary and network member firm SagePoint Financial. Advisor Group also includes FSC Securities, Royal Alliance Associates, Securities America,

Alex. Brown, part of Raymond James, welcomed five client advisors collectively managing more than $695 million in client assets. The team is based in Florida, Georgia, North Carolina and Washington, DC.

The advisers are:
Miami, Florida-based Christopher Murrle-Philippsen from Wells Fargo, and Jose de la Lama, CFP®, from Merrill Lynch; 
Atlanta, Georgia-based Lee Haverstock, CRPS®, from Morgan Stanley; 
Winston-Salem, North Carolina-based William Taylor, CFP®, from Merrill Lynch; and 
Washington, DC-based Mark Murphy from Janney Montgomery Scott.

Raymond James Financial Institutions Division (FID), part of Florida-based Raymond James, brought in advisors Tracy Cottingham, Steve Brackman and Jeff Chesson to its embrace. The advisors manage more than $260 million in client assets. They moved to Pinnacle Asset Management, the wealth management arm of Pinnacle Financial Partners and a current FID-affiliated branch. The team came from Wells Fargo Advisors and operates as Capstone Investment Partners, located in Greensboro, North Carolina. Joining them is Angela Dodson, registered sales assistant.

Sammons Financial Group named Cooper Sinclair as associate vice president, sales and distribution for RIA distribution. Sinclair leads the firm’s RIA channel, which involves setting up and growing sales and distribution opportunities, and identifying and carrying out projects that build the fee-based RIA business of Sammons. Before this role, Sinclair led the national RIA strategy for Prudential Financial. Prior to that, he had similar RIA leadership roles at Lincoln Financial Group and Jefferson National (now Nationwide). He has been in the financial services industry since 2000. 

Envestnet, the New York-listed wealth management systems firm, made four senior appointments for its executive team. The team members are Mary Ellen Dugan, Farouk Ferchichi, Jillian Munro, and Neel Ray. 

Dugan, chief marketing officer, who reports to Envestnet president Stuart DePina, focuses on driving Envestnet's business and brand growth. Ferchichi, chief data and analytics officer, reports to DePina. 

Munro, who took up the newly-created spot of group head of data and analytics, reports to chief technology officer Bob Coppola.

Ray, who is head of mergers and acquisitions, reports to chief strategy officer Rich Aneser. In addition to overseeing M&A, Ray partners across all Envestnet business lines to advance the company's corporate development efforts. He has more than 20 years of experience in M&A, fintech investing, and corporate strategy to his role at Envestnet.

Glenmede, the US wealth manager, appointed Linda Manfredonia as regional director of its Wilmington office and president and chief executive of The Glenmede Trust Company of Delaware. She reports to Susan Mucciarone, executive director of private wealth. Manfredonia took over from Geoff Rogers who retired after 22 years as the head the Wilmington regional office. Manfredonia has had a 30-year career at PNC, where she held leadership positions, including chief fiduciary officer, chief risk officer and chief administrative officer for the bank’s asset management group, and, prior to that, regional managing director for the Greater Philadelphia area.

Americana Partners appointed former senior Morgan Stanley figure Ronald E Thacker as president.  Based in Austin, Texas, he reports to chief executive Jason Fertitta.

Thacker is a former managing director and regional director for Morgan Stanley Wealth Management. With 35 years of experience in the financial services industry, he led Morgan Stanley’s central region management team, where he directed more than 2,000 advisors across 13 states. Thacker worked at Morgan Stanley for 30 years in leadership roles before leaving in 2020. 

Rockefeller Capital Management added Ohio-based firm The Hambleton Fieler Group, its first private wealth firm in the Buckeye State. The team is based in Cincinnati under division director Michael Parker. The Hambleton Fieler Group is led by Ross Hambleton and Michael Fieler. The team of eight, who are joining from Merrill Lynch Wealth Management, will also include Matthew Hambleton, MD and PWA, Andrew Sullivan, vice president and PWA, Carrie Thomas, VP and chief investment officer, Margaret Hawk, VP and team chief operating officer, Marcy Maudlin, lead administrative partner, and Kathleen Stucker, senior client associate.

Main Street Financial Life Advisors, a wealth management firm with more than $163 million in assets under management, joined Carson Partners. The firm was founded by J Joseph Roman, managing director, senior wealth advisor, in 1999. In addition to Roman, the team includes principal/wealth advisor Matthew J Kulpa, and associate wealth advisor Joel M Davis, who are supported by a number of other professional and administrative staff. The business is in Moorestown, New Jersey.

Pitcairn promoted Andrew Busser to the role of president, family office. In this newly-created role Busser leads Pitcairn’s team of 22 client service, growth and communications professionals. Since joining the firm in 2015, Busser has championed increased focus on the Pitcairn client experience. He has worked with clients, prospective clients and industry leaders to raise awareness of its Wealth Momentum® service model.

After three years in the top job, Avaloq's chief executive, Juerg Hunziker, stepped down, a move that came after Japan's NEC bought the banking and wealth technology business. Hunziker stayed on as a senior advisor and was replaced by group executive board members Martin Greweldinger and Thomas Beck as co-CEOs.

Raymond James promoted Michelle Lynch as senior vice president, investments, and Tampa Bay complex manager for Raymond James & Associates (RJA) – the firm’s employee advisor channel. Lynch oversees the Tampa Bay Complex (group of branches), which includes RJA financial advisors and branch associates throughout Tampa, St Petersburg and Clearwater, Florida. She succeeded former Tampa Bay CM Doug Brigman, who was recently named president of Raymond James’ Insurance Group.

A Tampa native, Lynch has been with Raymond James for more than 17 years. Prior to the new role, Lynch was VP, private client group sales manager, working with RJA’s regional directors and branch managers to recruit advisors and deliver high impact practice management and client engagement support. 

Wilmington Trust appointed Abby Mrozinski as head of global capital markets, reporting to Bill Farrell, head of institutional client services. The US firm’s long-time head of GCM, Jack Beeson, recently said he was retiring after serving Wilmington Trust and parent company M&T Bank for more than 38 years. Mrozinski has served as chief financial officer for the firm’s wealth and institutional client services for the past four years and has guided institutional clients for more than 15 years. 

JP Morgan appointed Kristin Schaefer as executive director, leading its private banking business across Utah and Idaho. Schaefer, who is based in Salt Lake City, leads a team of local advisors responsible for delivering guidance across investing, philanthropy, family office management, credit, fiduciary and advisory services. She reports to Geoff Barker, JP Morgan Private Bank Market manager for the Rockies region.

Rockefeller Capital Management appointed Andrea Lawrence as head of philanthropy within the firm’s global family office. Lawrence, who reports to Heather Flanagan, head of trust fiduciary and family office services, is based in Philadelphia, Pennsylvania. Prior to the new role, Lawrence worked at Tapestry Advisors, an independent family office and philanthropy consulting firm, which she founded in 2007. Prior to that, she had various leadership roles managing estate planning at Ballamor Capital Management and Calibre, Wachovia’s family office. 

The firm also brought in a team to its fold, based in San Antonio, Texas. The team, called Martin Lawyer Daniels, is led by Elmer Martin, managing director and private wealth advisor, Patty Lawyer, MD and private wealth advisor and Brett Daniels, first vice president and PWA. The team also includes associate vice presidents and senior client associates Judith Fernandez and Sylvia Hydrick, as well as client associate Terry Pawelek. The team came to Rockefeller from Merrill Lynch Wealth Management.

UBS Wealth Management USA, part of UBS, brought in a new group based in San Diego, California. The team at Dawson Wealth Management Group is led by financial advisor Edward Dawson and includes associates Adrianne Hoy, Kyle Dawson, Patty Bribiesca and Katherine Tawoda.

Baird added Doche Financial Consulting Group to its wealth management office in Scottsdale, Arizona. The three-person team came from Wells Fargo and includes Lisa Ladds Doche, who serves as a managing director and financial advisor. She is supported by Ron Demers, PWM financial planner (AFA) and Maggie Loe, senior client specialist. 

PIMCO, the fixed income investment manager, appointed Michèle Flournoy, an expert in US defense policy and national security issues, to join its global advisory board. The group is made up of senior political leaders and central bankers from around the world. Flournoy served as Under Secretary of Defense for Policy in the Obama Administration and as Deputy Assistant Secretary of Defense for Strategy in the Clinton Administration. She is managing partner of WestExec Advisors, which she co-founded with US Secretary of State Antony Blinken, and former co-founder and CEO of the Center for a New American Security. In her role as Under Secretary of Defense for Policy, Flournoy was the principal advisor to the Secretary of Defense in the formulation of national security and defense policy, oversight of military plans and operations, and in National Security Council deliberation; she represented the US in defense policy engagements around the world.

The PNC Asset Management Group, which provides investment, planning, banking and fiduciary services to wealthy individuals and institutions, named a new chief investment officer: Amanda Agati. She took over from Mark McGlone, who retired after a 40-year career.

Agati served as an institutional investment strategist before assuming her current role of chief investment strategist in 2017. As CIO, she oversees all investment strategy-related activities for PNC's personal and institutional asset management businesses. She also leads a team that frames tactical and strategic asset allocation guidance of client portfolios. She manages the evolution of investment processes, provides thought leadership on key investment matters, and is the author of numerous publications. 

A new financial advisory firm, Amplius Wealth Advisors, founded by ex-Merrill Lynch personnel, was launched in Blue Bell, Pennsylvania. Its founders most recently worked for The Liebman Marks Group, a boutique wealth management group within Merrill Lynch Wealth Management. Amplius Wealth Advisors has a team of eight professionals, including four advisors. The advisors are Samual Liebman, founding partner and chairman/wealth advisor; Matthew D Liebman, founding partner and chief executive/wealth advisor; Aaron Marks, founding partner and chief strategy officer/wealth advisor, and Patrick J Swift, vice president of wealth planning/wealth advisor.

Argent Financial Group appointed Megan Simank to join the Argent Trust Company business as vice president and trust officer in the Austin office. She is responsible for administering and developing trusts and estate planning strategies for businesses and individuals. Simank reports to market president David Redding.

Prior to this role, Simank worked for five years at Wells Fargo Bank in Austin, where she served as the Mid-Atlantic team leader, vice president and estate settlement administrator. Before that, she practiced law for six years, most recently at Granstaff, Gaedke & Edgmon.

Wedbush Securities named Elan Hiutin as managing director for investments. He is based at the firm's Los Angeles headquarters in advance of expanding into the Pasadena market. Hiutin reports to branch manager Andrew Hutcheson.

The global co-head of Goldman Sachs’s asset management arm, Eric Lane, left the US firm after more than 25 years. Lane joined from Tiger Global Management as partner, president and chief operating officer, a newly-created role.

Fiduciary Exchange, the insurance sector network, appointed Scott Bowers as chief strategy and distribution officer. He joined FIDx's senior management team. Prior to this, Bowers was national sales director in the retirement insurance group at BlackRock, where he worked for the last 13 years. Before BlackRock, he served as a variable annuity specialist at ING, supporting financial advisors and managing the firm's sub-advisory relationships in two of the nation's most affluent wealth management markets.

Rockefeller Capital Management brought PBS Wealth Partners into its embrace. The team is based in Newport Beach, California. The RCM team is led by managing director Nathan Crair. PBS Wealth Partners is led by Alpesh Patel, MD and private wealth advisor, Matthew Birkett, senior VP and private wealth advisor and Darren Siegrist, VP and private wealth advisor. The team of five joined from Merrill Lynch Wealth Management.