Here is a summary of job moves in October from around the world.

UK Moves

Standard Life Wealth appointed Shona Sklaroff as head of business management and strategy. She joined from Bank of Scotland, where she was senior area manager of mid-market corporate business. Reporting to chief executive Richard Charnock, Sklaroff is responsible for managing Standard Life Wealth’s business and strategic plan, governance framework and communication strategy. She is based in Edinburgh.

UK-based LendInvest appointed Willem Wellinghoff to the newly-created role of vice president of compliance. He joined after a decade at Cabot Credit Management, initially as legal counsel and then as head of legal and regulatory affairs. Since 2012, he has been a special advisor to the board of the Credit Services Association. Based in London, Wellinghoff is responsible for leading the compliance function, setting and maintaining LendInvest’s compliance and risk management strategy. 

Sanlam UK appointed John White, previously chief executive of employee benefits and wealth management at Arthur J Gallagher, to lead its new wealth management division. He also became CEO of the group’s private wealth business. Alex Morley, who remains CEO of the wealth planning business, was appointed to lead the launch of Sanlam Partners, which will give culturally aligned financial planning firms access to some of Sanlam’s services, with a view to these firms potentially becoming part of the group at a later stage. 

Meanwhile, Alfio Tagliabue, Sanlam UK’s chief financial officer, became CEO of the group’s asset manager, Sanlam FOUR, with Jeremy Gibson, CEO of Sanlam investments and pensions, succeeding him as interim CFO for the group. Graham Hooper, who previously worked at Miton Group, joined Sanlam UK as distribution director.

The Consulting Consortium appointed Phil Deeks to the newly-created role of technical director within its advisory team in London. Deeks joined TCC from the UK’s Financial Conduct Authority, where he was a technical specialist within the life insurance and financial advice sector. He is responsible for technical oversight of client projects, research into regulatory requirements and expectations, and providing support in developing advisory strategies and business relationships.

Julius Baer International appointed Rupert Watkins and David Forrest as relationship managers and Sandhya Munsami as head of supervision. Watkins, based in London, focuses on UK resident clients. He joins after five years with Barclays, where he was most recently part of the financial institutions team specialising in relationships with hedge fund managers, private equity partners and senior investment bankers. Forrest joined the Dublin-based team, with a focus on Irish resident clients. He previously spent seven years in Davy’s private client division. Munsami, based in London, spent the last eight years with Standard Chartered Private Bank, latterly as head of business controls and supervision in London.

CRUX Asset Management appointed Will Hamilton as head of London discretionary sales. He was previously associate director at Henderson Global Investors, responsible for investors within the discretionary community in London including global distributors, fund of funds, private banks, family offices and private client fund managers as well as high net worth individuals.

Raymond James appointed discretionary investment managers Liam Pryce-Jones and Robert Hale to its new Solent office. The pair, who previously worked at Charles Stanley, joined Nicola Tomlin, who set up the new business last month, as founding partners. Tomlin is also a former Charles Stanley investment manager.

UK private investment business Triple Point appointed Robert Jones as a senior business development manager, based in Leeds. Jones was previously a business development manager at Downing. He is responsible for managing relationships with intermediaries and advisors in Northern England.

Charles Stanley's head of open-ended fund research, Shauna Bevan, left the firm amid a restructure of the investment division. Bevan, based in London, joined the firm in 2003 as head of the open-ended fund research desk. Meanwhile, Jane Bransgrove was appointed head of portfolio management, while Peter Thorne became a financial analyst. The restructure brought together four of the firm’s asset management businesses: Pan Asset, CPS, Matterley and IHT. Research teams were subsequently shifted to the asset management division.

Angela Knight joined the board of Arbuthnot Latham & Co as non-executive director. Knight is a senior independent director at Brewin Dolphin and senior independent non-executive director at Tullett Prebon. She is also chair of the Office of Tax Simplification and was formerly CEO of Energy UK until December 2014, CEO of the British Bankers’ Association from 2007 to 2012, and CEO of the Association of Private Client Investment Managers and Stockbrokers (now the Wealth Managers Association) from 1997 until 2006. She was Member of Parliament for Erewash from 1992 to 1997, serving as economic secretary from 1995 to 1997.

Edge Investments appointed Steve Carle as investment director and Joanna Smith as investment manager, both in London. Carle, who joined Edge late last year, is a private equity and venture capital specialist, having spent 20 years with 3i Group and LDC, the private equity arm of Lloyds Banking Group, which he left in 2010 to take on a number of private business opportunities. Smith joined Edge earlier this year, having previously worked at PwC and then at Channel 4, where she launched a new fund to invest in UK independent television production. The pair focus on investment opportunities through Edge’s largest fundraising to date, the £40 million Edge Creative Enterprise Fund, launched in November 2015 with backing from the British Business Bank. They also work on the Edge Performance VCT, a venture capital trust focusing on the creative industries and the technologies that enable them, and its portfolio companies.

Kames Capital appointed Richard Peacock as an investment manager within its property team. He became co-manager of the Kames Property Income Fund, joining existing co-manager and Kames’ property investment director, David Wise. Peacock replaces Alex Walker, who is leaving to take a career break at the end of December after eight years with the firm. Peacock joined from Aviva Investors, where he worked since 2005, latterly as a fund manager responsible for the Aviva Investors Pensions fund.

Maitland appointed Martina Swart to the newly-created role of group head of governance services. She joined from Orbis Investment Advisory, where she was a senior advisor to the business, covering governance matters. Based in London, she is responsible for day-to-day management of governance services, including the regulatory, compliance and risk management functions. 

Investec Wealth & Investment appointed David Bulteel as head of its international division, with Louise Hall succeeding him as head of the London office. Bulteel was previously head of the south eastern offices at Investec W&I’s predecessor firm, Carr Sheppard Crosthwaite. In the newly-created role, he oversees international client-related activity across the firm, excluding the UK, South Africa and Ireland.

Hall joined Investec W&I as a trainee in 1989 and led the firm’s charities and not-for-profit division since 2004. She continues to provide investment management and strategic advice to her charity and not-for-profit clients.

JM Finn & Co appointed Andrew Aitken as head of its Yorkshire office. He joined after nine years at UBS Wealth Management, where he was executive director and regional head, according to his LinkedIn profile. He took over regional management responsibilities from investment director David Barstow and also supports the firm’s business development efforts.

Old Mutual Wealth appointed David Barral to the newly-created role of independent customer champion. From 2011 to 2015, Barral was CEO of Aviva UK Life. Barral helps to promote customer-centric behaviour across Old Mutual Wealth, covering the firm's UK platform, Intrinsic, Quilter Cheviot, Old Mutual Global Investors and Old Mutual International.

Tilney appointed Jade Voo as a financial planner, based in the firm’s Bristol office. Voo, who has nearly 30 years of industry experience, most recently worked at HSBC, having previously worked for Chase De Vere and Close Asset Management. 

Smith & Williamson, the London-headquartered provider of investment management, tax and financial advisory services, appointed Joe McLoughlin to its private client and charities investment management team. McLoughlin previously held the role of head of private clients and charities at Zurich-based GAM, where he worked for over a decade.

Mike Felton, manager of the £598 million ($726 million) M&G UK Select Fund, left the firm after 11 years. Felton joined M&G from F&C in 2005 as head of UK retail equities and manager of the M&G UK Capital Fund, which later became the M&G UK Select Fund.

Weatherbys Private Bank appointed Suzie Batten as head of digital. Batten joins after eight years with Santander, where she was latterly head of multi-channel strategy and development. She brings over 20 years of experience in building digital capabilities at UK high street banks, firstly with Barclays and Barclaycard and more recently with Santander.

RFR, a private property office that advises wealthy clients on property-related matters, appointed Philip Selway as director in a newly-created role. Selway was previously managing partner at property buying consultancy The Buying Solution until he stepped down last year.

London-headquartered Cazenove Capital appointed Bob Hair as a wealth planning director and head of its Edinburgh office. Hair joinws from PricewaterhouseCoopers in London, where he advised high net worth and ultra-high net worth clients as senior director of the company’s investment advisory business. In addition, he acted as chair of PwC’s Financial Conduct Authority committee and played an integral role in developing the firm’s private and family office service.

WH Ireland appointed Phillip Sidebottom as a chartered wealth planner. He joined from Coutts, where he was a senior advisor to high net worth individuals and families. He also held a similar position at Barclays wealth and investment management in Manchester.

RiverPeak Wealth appointed Shauna Bevan to the new role of head of investment advisory and as a senior member of its investment committee. Bevan joined the London team from UK wealth manager
Charles Stanley, where she was lead manager in the collectives portfolio service, co-head of fund research and also a member of the investment strategy committee. 

Schroders appointed Guy Henriques as country head for the UK business, as Robin Stoakley stepped down as managing director of UK intermediary. Stoakley, who has been with the company for 27 years, maintained a senior role within the firm overseeing relationships with global financial clients and helping to develop its South African presence. He reports to John Troiano, global head of distribution. 

Miton appointed Jim Wright as a fund manager as it prepares to launch a global equity infrastructure fund. Based in London, Wright manages the fund, which will be launched during the second quarter of 2017, subject to regulatory approval. Previously, Wright managed the global duration equity portfolio for the British Steel Pension Fund. 

Investec Wealth & Investment appointed Mark Wynne-Jones as an equity analyst, covering food producers, household goods, chemicals and mining sectors globally. Previously at Investec Asset Management, Wynne-Jones was responsible for running the firm’s Global Value Equity Strategy since its inception in 2007. Before Investec, he spent six years at UBS Wealth Management, where he was head of UK research. Based in London, Wynne-Jones reports to John Haynes, head of research at Investec W&I. He replaced Sanjiv Tumkur, who left earlier this year.

Hargreaves Lansdown, the UK wealth and investment management firm, appointed Matt Bonetti as the head of development for its IT division. Bonetti, who formerly held the role of chief technologist at independent software company TransVault, is responsible for all software development. He is located in Bristol.

Capital Generation Partners appointed Alex Waters as global strategist. Waters joined from Roubini Global Economics, where he was responsible for the firm’s global forecasting efforts, as well as macroeconomic and monetary policy research. Before that, he worked at the UK Debt Management Office. 

Smith & Williamson appointed Daniela Glover to the new role of head of its financial services team in London. The team is part of Smith & Williamson’s national financial services business, which advises personal financial planning and employee benefits for businesses. Glover, a chartered financial planner and member of the Chartered Insurance Institute, joined Smith & Williamson back in 2002.

Rowan Dartington hired John Cowmeadow from Brewin Dolphin as its new managing director for Rowan Dartington Signature, its discretionary fund management service for independent financial advisors. He replaced Guy Stephens, who will become technical investment director at Rowan Dartington.

Brooks Macdonald appointed Caroline Connellan from HSBC as its new group chief executive. She replaced co-founder Chris Macdonald, who will become deputy chairman as of April 2017. Connellan, who joined HSBC in 2012, was most recently head of UK premier and wealth at the bank. Her previous roles include group strategy director at Standard Life and consultant at McKinsey.

BNP Paribas Investment Partners appointed Andy Gibb as a business development manager within its external distribution team. Gibb joined from BNY Mellon, where he spent six years as investment sales director. He was previously business development director at Insynergy Investment Management and investment sales manager at Skandia Investment Management. Based in London, Gibb focuses on wealth managers, fund distributors and family offices. He reports to Mike Woolley, BNP Paribas IP’s head of external distribution for the UK.

RiverPeak Wealth hired Ben Elwes as a senior consultant to further develop its recently launched private investment consultancy service. Elwes joined from GIC Private, where he was senior vice president and a portfolio manager for European equities. Previously, he was founder and director of ABS Partners, a stockbroker of Spanish and Portuguese equities. He has also worked at Henderson Global Investors and Friends Provident Asset Management. 

Old Mutual Wealth appointed Leon Deist as chief information officer, replacing John McCowan who remained part of the senior management team. Deist joined from Liberty Group in South Africa, where he was responsible for technology transformation, digital strategy and shared service operations. Before that, he was director of enablement at Virgin Money (SA) and a founding member of Arivia, a technology outsourcing service. He reports to chief operating officer, Steve Braudo.

Towry appointed Simon Hewitt as a financial planner and wealth manager within its Knutsford, Cheshire team. Hewitt, previously an independent financial advisor, most recently worked at HSBC. There, he served private clients, primarily business directors and owners. He has six years of industry experience.

Legg Mason Global Asset Management appointed Harry Reeves as business development director covering the South of England. He replaced Tom Ormrod, who left the firm. Reeves joined from Neptune Investment Management, where he was a discretionary sales manager covering London, the South West, and family offices. He also worked at Artemis Investment Management and Ruffer.

KPMG appointed Greg Limb as its new UK head of private client advisory, replacing Dermot Callinan, who left after 26 years with the firm. Callinan led KPMG’s UK private client practice since 2011. Callinan is due to retire from the partnership in September 2017 to join Saffery Champness as a partner in its Harrogate office. Limb, based in London, has been a partner at KPMG since 2008 and has over 25 years of tax experience, specialising in advising individuals, family offices, entrepreneurs and shareholders on tax issues.

Lombard Odier created six new roles in London as part of an investment programme to build its presence in the UK. Led by Duncan MacIntyre, who became chief executive of the bank’s UK private client business in January, the expanded team includes a new chief operating officer, three private bankers, a wealth planner and a legal counsel. Karl Von Bezing joined as COO. He previously spent five years in the wealth and asset management practice of Ernst & Young. 

Odey Asset Management, the London-based firm running traditional and hedge fund investments, appointed Dipankar Shewaram to its equity research team, working alongside Tim Bond, who manages the Odey Odyssey Fund. The fund is a Cayman Islands-registered vehicle. Previously, Shewaram worked at BlueBay Asset Management and then Western Asset Management.

Senior fund manager Andrea Williams left Royal London Asset Management after 30 years at the firm. Williams was most recently manager of the £273.6 million ($333.8 million) Royal London European Opportunities fund. Mike Fox, head of sustainable investments at RLAM, was appointed to replace Williams.

Santander UK hired HSBC discretionary wealth managers Oliver Robson and Andrew Finlay as it prepared for the launch of its private banking proposition. Robson joined the London office after four years with HSBC. He previously worked at Quilter Cheviot. Finlay, who spent the last decade at HSBC, is based in Cambridge.

 

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Switzerland

Zurich-based Peritus Investment Consultancy appointed Jean-Noël Zegerman as an investment analyst. He has particular expertise in manager selection.

Fides Trustees hired Robert Darlington as a managing director in Geneva. Darlington joined after six years at Barclays, where he headed up the Geneva trust business (now ZEDRA) and also led Channel Islands and Isle of Man trust companies.

HSBC Private Bank (Suisse) appointed Kim Fox and Hans-Jurgen Koch as independent non-executive directors. The pair joined the board of directors of HSBC Private Banking Holdings (Suisse), which includes HSBC’s private banking operations in Switzerland, Luxembourg and Monaco. Fox most recently served as global head of capital management at Credit Suisse, while Koch was previously chief executive of wealth management for Switzerland and international Europe at BNP Paribas.

Edmond de Rothschild hired Robert Jenkins as chief brand and marketing officer, based in Geneva. Jenkins previously led branding and communications at BNP Paribas Wealth Management. 

GAM appointed Elena Logutenkova as its new group head of communications, replacing Larissa Alghisi Rubner, who left the firm after a six-year stint. Logutenkova, based in Zurich, had been senior communications manager at GAM since last year. She was previously a finance reporter at Bloomberg News.

JTC appointed Dirk Oppelaar as managing director of its Geneva office. He replaced Jonathan Kirby, who joined Salamanca Group Trust (Switzerland). Since 2013, Oppelaar had been a partner with a real estate funds consultancy, with a mandate to source direct investment in European real estate for funds, family offices and ultra-high net worth clients.

Rest of Europe
Citigroup appointed Chris Stephens as a private banker in Jersey. Stephens joined after nine years UBS Wealth Management in Jersey, where he has advised ultra-high net worth, trustee and family office clients. He is responsible for expanding the company’s footprint in the Channel Islands across the financial intermediary market, while also focusing on the region’s wealthy families and those moving to the islands.

Credit Suisse appointed Sammy Mohammad to the new position of managing director of its French private banking team. Mohammad was previously managing director in the sales and trading department at StormHarbour, a London-based global markets and financial advisory firm. Based in Paris, he is responsible for developing and managing relationships with large institutional clients, while promoting services and expertise to clients and family offices.

Saxo Bank appointed Ashok Kalyanswamy as its new chief information officer, replacing Ashley Latham, who stepped down.

ZEDRA promoted Lucia Perchard to client director in Jersey. Perchard, previously associate director, continues to manage client relationships and complex structures. She is responsible for a client portfolio of high net worth clients, mainly residing in the Middle East.

Dutch bank ABN AMRO announced Caroline Princen will step down from the managing board on 1 January 2017 and will leave the bank in July. Princen is responsible for many of the bank’s support activities, which are being reviewed as part of an “efficiency operation” at ABN AMRO. As a result, her position on the board will cease to exist.

NN Investment Partners appointed Gabriella Kindert to lead its alternative credit boutique. Kindert most recently served as a partner at investment advisory firm Investfair. Based in Amsterdam, she is responsible for illiquid fixed income strategies including residential real estate, corporate private debt, project finance and commercial real estate loans.

RBC Wealth Management appointed Stuart Mauger as director of the sales and relationship management team within its multi-family office segment. Based in Guernsey, Mauger was most recently head of business development in the bank’s custody solutions business. He joined RBC in 2001.

Michael Green left his role as chief executive of Handelsbanken Sweden to become a senior advisor at the bank. His new role includes being a member of the boards of Handelsbanken's subsidiaries and the boards of regional banks outside Sweden. The group said no new CEO of Handelsbanken Sweden will be appointed. Instead, Magnus Ericson, head of Handelsbanken Northern Sweden; Pontus Åhlund, head of Handelsbanken Central Sweden; Carina Åkerström, head of Handelsbanken Stockholm; Katarina Ljungqvist, head of Handelsbanken Western Sweden, and Göran Stille, head of Handelsbanken South East Sweden, will report directly to president and group CEO Anders Bouvin. 

Meanwhile, Åkerström was appointed deputy group CEO of Handelsbanken, in addition to her responsibilities at the helm of the Stockholm business. Elisabet Jamal Bergström, head of sustainability, was appointed chief sustainability officer, joining the bank’s senior management team. She replaced Katarina Berner Frösdal, who became chief operating officer for the business support units at Handelsbanken in Sweden.

Roy McGregor will step down from his position as chief executive of Credit Suisse in the Channel Islands at the end of the year, this publication exclusively reported. He will hand over to Paul Annegarn, who is currently chief operating officer in Europe, the Middle East and Africa for equities in global markets. McGregor, who joined the bank in 2004 as COO in the UK, will continue to work with the bank as an advisor as he returns to corporate advice and consulting.

Amundi appointed Marta Marin Romano as chief executive of Iberia. She replaced Didier Turpin, who moved to another role within Amundi. Romano, based in Madrid, was most recently global head of multichannel in the retail and commercial banking division at Santander, a role she held since 2013.

Managing Partners Group, a Malta-based asset management boutique with $500 million of assets under management, appointed Philip Eaton Richards as head of its capital markets team, a newly-created role. Richards, a chartered alternative investment analyst, is responsible for developing MPG’s securitisation and structuring services arm.

Middle East, Africa
Indosuez Wealth Management hired François Farjallah as head of the Middle East, replacing Bertrand De Margerie, who moved to another role internally. He previously spent nine years with Societe Generale Private Banking, where he held senior executive roles across Switzerland, Luxemburg, Greece, and the United Arab Emirates. He is based in Geneva.

International
Butterfield Trust Bermuda Limited appointed John Richmond as managing director, replacing Martin Pollock who left the business. Richmond was previously head of the family office of Bermuda Trust Company (BTCL), a subsidiary of BTBL. He is a director of BTCL and also sits on several boards, foundations and private trust companies.

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Asia-Pacific
DBS appointed former HSBC senior banker Rob Ioannou as its new head of international, DBS Private Bank, replacing Olivier Gougeon, who stepped down. Ioannou’s responsibilities include the bank's South Asia and non-resident Indian teams, Europe, Middle East and Africa geographies, as well as its Japan international segment. He reports to Lawrence Lua, deputy head of DBS Private Bank. 

Previously, Ioannou was co-head of HSBC’s Private Bank for Southeast Asia and a director of HSBC Trust Company Singapore. He spent 13 years at HSBC Private Bank, holding a number of senior positions in London and Singapore, including business head for domestic and international markets, and head of UHNW international for HSBC Private Bank in the UK.

HSBC Private Bank appointed Johnny Liu as managing director and regional head of its Asia-Pacific global solutions group. Liu has 15 years’ industry experience and spent the past 12 years with Credit Suisse, most recently as the latter company’s head of shareholder coverage and corporate advisory in Greater China. In his new role, Liu and his team are based in Hong Kong. Liu replaced Terence Liang, who will assume a senior role in relationship management within the company.

Chicago-headquartered Family Office Exchange (FOX), a global network of single family offices, wealthy individuals and their advisors, appointed Peter Roach as its market leader for Australia and New Zealand. Roach succeeded Melissa James, who continues as co-facilitator of the FOX family enterprise council meetings. Roach was previously chief executive of the Fairfax family office, Cambooya Services, from 2000-2012. During that period he was also non-executive director of Rural Press, Landis+Gyr and various other boards associated with the family’s media and private equity interests.

Heidrick & Struggles International, the US-listed executive search firm, recruited David Hui as a partner in its financial services practice. Hui is based in Hong Kong. Previously, Hui was founder and managing director of a boutique search firm, responsible for managing large regional accounts and senior-level assignments. Prior to this, he was the head of the financial services practice for Asia-Pacific at an international search firm.

ZEDRA, the trust, corporate and fund services firm, appointed a former senior HSBC figure to head up development of its Singapore office, which also supports markets in North and South Asia. The firm hired Wendy Sim, who has more than 20 years’ experience working with ultra-high net worth clients in the region. She is a managing director and was previously at HSBC Trustee (Singapore), responsible for developing and delivering pan-Asian family governance solutions as well as assisting global families looking for Asian-based structures.

HSBC Private Bank made two senior appointments in the Asia-Pacific region. Siew Meng Tan succeeded Bernard Rennell as regional head of global private banking, Asia-Pacific, with effect from 1 January 2017. Rennell was appointed senior advisor to the chief executive, key client coverage, GPB. The appointments came after Rennell asked to move from his role to focus on the client side. Siew Meng previously worked in HSBC’s commercial banking business, where she was latterly regional head of global trade and receivables finance, Asia-Pacific. She has been with HSBC for 12 years and has held a variety of senior roles including CEO, Mauritius and CEO, Thailand.

Specialised Investment Lending Corporation, a provider of specialised investment and lending services based in Melbourne, Australia, appointed a former private banker as a business development director. Helen Huang, who has more than 20 years of experience in banking and financial services, previously worked at National Australia Bank, latterly as a branch manager. She was also a private client manager at NAB Private, managing a portfolio of high net worth Asian clients.

Credit Suisse appointed Urs Grueter from UBS as its new market group head for Thailand, replacing Christian Senn, who took an extended leave of absence. Senn, a 27-year veteran of Credit Suisse Private Banking, led the Thai market since 2014. He plans to return to the bank following a break of up to 12 months starting from the beginning of 2017 to focus on family commitments. Urs joined from UBS Wealth Management, where he worked for 17 years, mainly in Singapore. 

Fidelity International promoted Daisy Ho to the newly-created role of managing director for Asia excluding Japan, integrating the institutional, intermediary and defined contribution business channels under her leadership. Ho, who joined Fidelity International in 2005, was most recently head of institutional business, Asia ex-Japan. Based in Hong Kong, she reports to Mark Talbot, managing director, Asia-Pacific.

Principal Global Investors appointed former BlackRock senior manager Suresh Singh as head of funds distribution in Asia, based in Singapore. The role is a newly-created one. Singh reports to Lyster and to the firm's head of the Southeast Asian region, Celestine Khoo. Previously, Singh was at BlackRock, where he oversaw the build-out of its wealth and asset management relationship management team for iShares ETFs, covering clients in Singapore and Hong Kong. 

The chairman of Goldman Sachs’ Asia business stepped down, continuing as an advisor to the US firm. Mark Schwartz, who has been at the firm for 27 years and based in Beijing, became a senior director at Goldman Sachs. Ken Hitchner stayed on as the president of Asia-Pacific ex-Japan and Masa Mochida continues to serve as president of Goldman Sachs Japan.

Vanguard appointed its Japan head, David Cermak, to lead its Asia business. Cermak, who joined Vanguard in 2005 as head of its US brokerage unit, has been head of Vanguard Japan since 2013. As head of Asia, he continues to report to Jim Norris, managing director for Vanguard International, and will be based in Hong Kong. Cermak continues to oversee the Japanese business until a successor was named. Meanwhile, Charles Lin, who has helped drive the firm’s China distribution strategy over the past five years, assumed the new role of head of China. He joined the international leadership team, which oversees all of Vanguard’s non-US operations, and reports to Norris.

Shelly Painter, regional managing director for Vanguard Asia, returned to the US to lead the firm’s enterprise risk management function. She reports to Chris McIsaac, managing director, planning and development.

Collas Crill appointed Stephen Adams as a partner in its Singapore office. Adams joined from Bedell Cristin, where he headed up the Singapore office and was a senior member of the British Virgin Islands practice area. Before that, he founded BVI law firm Barker Adams following his role as corporate senior partner at Walkers in the BVI.

Saxo Bank appointed Ashok Kalyanswamy as its new chief information officer, replacing Ashley Latham, who stepped down. Kalyanswamy most recently served as division director and CIO for Macquarie Securities Group, based in Hong Kong. He has over 20 years of industry experience, having worked in various senior technology positions at firms including Lehman Brothers and Nomura. Based in Copenhagen, Kalyanswamy is responsible for the strategic direction and operations of Saxo Bank’s global IT organisation. Latham, who joined Saxo a decade ago, became the bank’s CIO in 2014. 

Dragon Capital appointed Nick Ainsworth as chief marketing officer, while Fabian Salvi, director of the firm’s client group, left the firm. Ainsworth joined after almost three years as global head of sales at IND-X Securities. Before that, he was a division director at Macquarie Group, according to his LinkedIn profile. Salvi had headed up Dragon Capital’s client group since 2008. 

Manulife (International) promoted Wilton Kee to chief product officer for individual financial products in Hong Kong. Kee spent the earlier part of his career in the Asia regional office of an international insurance group. In 2013, Kee joined Manulife as assistant vice president and pricing officer in Hong Kong and performed the dual role of heading up both marketing actuarial and product development for the individual financial products business in 2015.

Standard Life Investments appointed a new team and chief executive in Singapore. The four-strong team in the new Singapore office comprise Choon Wah Wong, CEO for Standard Life Investments (Singapore) and head of Asia-Pacific real estate; Ted Roy, deputy fund manager; Jason Lam, associate investment director, Asia wholesale sales; and Tervinder Chal, head of Asia-Pacific real estate finance and operations.

Commonwealth Bank of Australia, which provides services including wealth management, appointed a new chairman to take over from David Turner, who retired from the board. Turner is succeeded by non-executive director Catherine Livingstone, who has been with the bank in that role since March. Livingstone was formerly chairman of Telstra Corporation and chief executive of Cochlear. She is also president of the Business Council of Australia but retires from that role in November. 

Australia and New Zealand Banking group saw the departure of Susie Babani as chief human resources officer, a post she held for nine years. 

Deutsche Bank's wealth management arm found a replacement for the chief who recently left to join UBS. Lok Yim, who has been the head of wealth management, North Asia, since 2009, took over the leadership role for Asia. He succeeded Ravi Raju, who left to join UBS Wealth Management after nearly ten years at the German lender. He started working with Deutsche Bank in 2007 as head of investment solutions in North Asia and head of business management. Earlier roles have included an 11-year stint at Citigroup in various senior wealth management and investment banking roles in London, Hong Kong and Switzerland. Separately, Anurag Mahesh, global head of key client partners, decided to leave the bank.

Julius Baer appointed Pradinan Arkarachinores as team head for the Thai market, Agatha Chan as team head for the Philippines market, and Tisha Mellado as senior relationship manager for the Philippines. All three joined from Credit Suisse.

Ant Financial, the affiliate of Chinese e-commerce giant Alibaba, appointed a new chief executive ahead of an expected initial public offering next year. It named Eric Jing to take over as CEO from Lucy Peng, who remained as executive chairperson. 

Bank of Singapore appointed former BNP Paribas banker Leonard Yong as an executive director and cluster lead for its Indonesian team.

Sun Life Hong Kong, a subsidiary of Canada's Sun Life Assurance, appointed David Varley to the newly-created role of chief of high net worth and wealth structuring for Asia. He worked in areas such as provision of private placement life insurance, variable universal life, universal life, estate planning and wealth structuring. He reports to Jason Dehni, chief executive of Sun Life Hong Kong, and will be working closely with the Sun Life regional office and country senior management.

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North America
The most prominent move of October unquestionably took place at Wells Fargo. John Stumpf stepped down from his position as chairman and chief executive as the bank sought to rebuild its reputation in the wake of a scandal surrounding its sales practices. It appointed Tim Sloan, president and chief operating officer, to succeed him as CEO, and Stephen Sanger, lead director, as non-executive chairman of the board, while independent director Elizabeth Duke serves as vice chair. 

In September, US Consumer Financial Protection Bureau fined Wells Fargo a record $185 million over the opening of two million accounts without customers' permission. The lender then announced that Stumpf, who was paid $19.3 million last year, would forfeit his salary during investigations of the misconduct, which was carried out by low-level staff to meet internal sales targets. Stumpf, a 34-year veteran of the bank, became Wells Fargo’s CEO in 2007. Sloan, who joined Wells Fargo 29 years ago, became president and COO in November last year, when he assumed leadership over the bank’s four main business groups: community banking, consumer lending, wealth and investment management, and wholesale banking.

Merrill Lynch Wealth Management appointed Karin Kimbrough as head of investment strategy within its global wealth and investment management chief investment office. Kimbrough previously served as a director at the Federal Reserve Bank of New York’s markets group, where she founded and led the financial stability function. During her time at the Federal Reserve, she also managed the foreign exchange trading staff and the quantitative analytics team, and wrote reports on trends in asset valuation, financial innovation, leverage and financial conditions. Kimbrough also worked for Morgan Stanley and the World Bank.

Royal Bank of Canada Wealth Management appointed Brian Katz as managing director of its Boston office. Katz has more than 30 years’ financial industry experience, with 28 of these spent in a senior leadership role at US-based Morgan Stanley and its predecessor companies. He also spent 12 years as managing director and regional director at both Smith Barney and Morgan Stanley and led significant portions of their wealth management businesses. Most recently, he was divisional vice president of branch development for Ameriprise Financial Inc, where he directed the firm’s advisor recruitment process across the Northeast and Mid-Atlantic regions.

RBC also appointed Rod Bolger as its new chief financial officer, replacing Janice Fukakusa, who left the firm after a 31-year career there.

Bolger was previously executive vice president of finance and controller and joined RBC in 2011 following a succession of previous roles at Bank of America and Citigroup. Prior to that, he spent over a decade with PricewaterhouseCoopers in both the US and UK.

Connecticut-based Fieldpoint Private appointed Richard Land from Citi as its managing director and senior advisor. Land joined the firm following a 12-year stint with Citigroup, where he worked with families and entrepreneurs at Citi Private Bank in Greenwich and Westport, Connecticut. Previously, he worked as a business banking officer, collaborating with companies on commercial lending, insurance and cash management.

RBC Wealth Management appointed Thomas Pink as a financial advisor within its Stillwater, Minnesota office. In his previous position, Pink held the role of senior vice president and investment officer at the Pink Wealth Management group of Wells Fargo Advisors. In addition, Tyanna Graner, a registered client associate, joined the Stillwater office.

RBC Wealth Management named Tom Schulenberg as director of the Minneapolis complex. He has responsibility for four branches and more than 100 financial advisors and took over from Wally Chapman, who was recently promoted to director of the central division. Schulenberg has 23 years of industry experience and joined RBC Wealth Management in 2005 as director of the Wayzata branch. Last year Schulenberg was named director of RBC Wealth Management’s Edina office when Chapman left that role to become the Minneapolis complex director.

Private Client Resources, a wealth data aggregator business working with private banks, registered investment advisors and family offices, hired Rob Neville as its new chief technology officer. Neville was formerly director of engineering and head of exchange technology at itBit and he led a team of more than 20 technologists. Neville has a long history of software development and technology management in financial services delivering solutions to the financial services industry.

Dublin-based KBI Global Investors appointed William Lynch as senior vice president of its North American business development team. Previously, Lynch held the position of partner and head of marketing and client service at New York-headquartered investment management firm New Amsterdam Partners, with earlier spells spent at Avatar Associates and Prudential Securities. In his new role, Lynch is based in Boston, Massachusetts. 

Baird added a team of financial advisors to a new satellite wealth management office in Stuart, Florida. The Cohen and Clinton Group, comprised of Jeff Cohen, managing director and financial advisor, and Christian Clinton, senior vice president and financial advisor, is a wealth management group of Wells Fargo Advisors. Before joining Wells Fargo in 1995, Cohen was vice president of an apparel company for five years. He brings 21 years of industry experience, while Clinton has 16 years’ expertise, 14 of which were spent at Wells Fargo. The duo were also joined by client specialist Jena Burrows and client assistant Paula McClughen.

WealthVest appointed Chris DeMale as a regional consultant for Illinois and Wisconsin. DeMale joined from Bluerock Capital Markets, where he was a senior vice president. He also worked at Morningstar, John Hancock, Calamos Investments and Deutsche Bank. 

Chicago-headquartered Family Office Exchange appointed Peter Roach as its market leader for Australia and New Zealand. Roach took over from Melissa James, who continues as co-facilitator of the FOX family enterprise council meetings. 

US Trust appointed a total of seven individuals across the US. In California, it appointed Dwight Edwards to the San Francisco office as a senior trust officer. He previously worked at City National Bank, holding the same role. Rodolfo Pardo joined the Los Angeles, also as a senior trust officer; he previously held the same role at Reliance Trust Company.

Roseann DeRosa also joined the Los Angeles office, holding the role of estate settlement market director; she previously worked at the Law Office of Roseann DeRosa as a trust and estate attorney.
In Illinois, Michael Fantasia joined the Chicago office as a private client advisor. He previously worked at JP Morgan as an associate banker.

In Missouri, Michael Heaney joined the Saint Louis office as a private client advisor. He previously worked at The Private Bank as a managing director.

Over in New Jersey, US Trust appointed Timothy Cooney to its Florham Park office as a private client advisor. He previously worked at JP Morgan as an executive director.

In Texas, it appointed Charmaine Tang to the Dallas as a market philanthropic executive covering the central and west regions. She previously worked at March of Dimes as an executive director.

Diversified Trust appointed Meg Crosby to its board of directors. Crosby is the founder and principal of PeopleCap Advisors, which advises companies on human capital and organizational strategies. Previously, she was lead HR executive at Google, having joined the company as its first HR generalist. There, she led a team that was responsible for the integration of 35 acquisitions across four continents.

Family Office Exchange appointed Vincent Hayes as a new director of member development, signalling a further drive to add to its numbers. Existing FOX sales team members will remain and will be under Hayes’ management in its Chicago HQ. Hayes has had 15 years of experience in the investment world, most recently with AGN Futures, where he served as vice president of sales and operations since 2011.

Former Neuberger Berman executives Matthew Rubin and Justin Gaines launched Matrix Wealth Partners, a multi-family office in New York City. The pair previously worked at Neuberger Berman’s investment strategy group. Rubin was a managing director at Neuberger Berman, chief investment officer at Neuberger's trust company and chairman of the firm's asset allocation committee. He has also worked at US Trust and Morgan Stanley.

Strands, based in Miami, Florida, hired Oscar Sala joins as head of product strategy. Sala joined after 16 years with Spain’s CaixaBank in various digital transformation roles. In recent years, he has focused on innovation in digital banking and advances in customer-centric online services.

HighTower signed its 10th team for 2016, The Thrush Group, a Westport, Connecticut-based advisory practice managing $250 million in assets. The team at The Thrush Group, led by managing directors William Thrush and Meghan Rump, formerly worked at Bank of America Merrill Lynch. They specialize in financial strategies for private business owners and their families.

Northern Trust Asset Management appointed Emily Lawrence as an environmental, social and governance (ESG) senior product specialist. Lawrence joined from MSCI in Boston, where she was head of screening and research operations. In that role, she led teams responsible for collecting and analyzing data for negative screening, impact screening and custom research products.

Vanguard appointed its Japan head, David Cermak, to lead its Asia business and replace Shelly Painter, who moved to an internal role in the US. Cermak, who joined Vanguard in 2005 as head of its US brokerage unit, was head of Vanguard Japan since 2013. As head of Asia, he continues to report to Jim Norris, managing director for Vanguard International, and will be based in Hong Kong. 

Meanwhile, Charles Lin, who has helped drive the firm’s China distribution strategy over the past five years, assumed the new role of head of China. He joined the international leadership team, which oversees all of Vanguard’s non-US operations, and reports to Jim Norris. Painter, regional managing director for Vanguard Asia, returned to the US to lead the firm’s enterprise risk management function after five years in Asia. She reports to Chris McIsaac, managing director, planning and development.

Capital One Investing recruited six new financial advisors in Wilmington, Delaware, and four in New York. All were newly-created roles. In Wilmington, Charles Fryling joined from Vanguard, where he was an investment analyst and high net worth relationship manager. Jay Popky was previously a project manager and financial advisor at Vanguard since 2000. Before that, he worked at Towers Perrin, Meridian Asset Management and Coopers & Lybrand.

Patrick Rogan also joined from Vanguard where he was a financial advisor on the HNW client relationships team. Michael McLaughlin joined from Wealth Financial Advisory Services, having previously spent 23 years with Vanguard developing and leading advisory service units within the company. Vincent Maimone joined from The Philadelphia Wealth Management Company, where he was partner. Previously, he was a financial planner for AXA Advisors.

David Quynn was appointed to the Wilmington-based advisor team. He was previously a financial advisor at Morgan Stanley Wealth Management. Before that, he served as a trust officer at UBS Wealth Management and a senior portfolio administrator at BNY Mellon.

Meanwhile, in New York, Ryan Cleary joined from Merrill Lynch Wealth Management, where he advised HNW clients. Scott Jenkins also joined the New York team from Merrill Lynch, where he was a financial advisor in the firm’s wealth management division.

John Delamater was recruited from Morgan Stanley, where he spent 15 years in financial advisor and management roles in New York City and Southern California. Finally, Gregory Brown, recently joined from Transamerica Financial Advisors, bringing more than 25 years of experience at firms including MetLife Securities.
 
Cornerstone Advisors launched an international practice under the leadership of new hire Frances Mickelson. Mickelson, based in Denver, Colorado, joined the firm’s wealth transfer and business succession advisory team. As a legacy and insurance strategy advisor, she has served the affluent market for almost 15 years.