May was a busy month in most regions of the world for moves within the wealth management industry.

Switzerland

Former UBS-man Thomas Eggen has joined a fledgling wealth advisory firm in Switzerland as a partner and advisor. The new business venture, called Parkview, provides independent advice to ultra-high net worth entrepreneurial families and clients in Europe, the Middle East, Africa and Latin America. It is headquartered in Zurich with an office in New York and plans to open branches in Geneva and London.

The private banking boss at Banque Privée Edmond de Rothschild, Sylvain Roditi, will be leaving the Zurich-based bank in the autumn. Roditi was due to down on 30 September, replaced by Michel Lusa, a senior vice president and member of the executive committee. Roditi held the titles of deputy chief executive and vice chairman of the executive committee at the bank.

The alternative investments chief at Credit Suisse Asset Management, Ravi Singh, left the firm. Singh was based in New York and led a global team of 440 people managing SFr140.2 billion ($146.7 billion) of assets. He was also a member of the firm's asset management committee. Prior to joining Credit Suisse three years ago, Singh was at Goldman Sachs, where he spent nearly two decades and retired in 2008.

Saxo Bank appointed Dennis Malamatinas as its new chairman, replacing Kurt Larsen, who had chaired the board since 2010. Malamatinas, who had been deputy chair, became a member of the board in 2007. Malamatinas co-founded Marfin Investment Group in 2007, heading the firm up until this year, and earlier in his career he co-founded Marfin Bank, going on to become chief executive. He is also know for earlier having been global head of Smirnoff Vodka, Burger King Corporation and Priceline Europe. Larsen remains on Saxo Bank’s board.

Standard Chartered appointed Mark Hirst – latterly of Credit Suisse – as regional head of private banking based in Geneva, Switzerland, WealthBriefing can exclusively report. Hirst reports to Jeremy Parish, chief executive of StanChart in Switzerland.

Hirst joined Credit Suisse to lead the market area for the UK and International from Deutsche Bank in 2009. At Deutsche, Hirst worked with Middle Eastern clients.

EFG International recruited senior banker Giorgio Pradelli to be its new chief financial officer and executive committee member, replacing Jean-Christophe Pernollet. Pernollet left the firm to “pursue a new challenge following an appropriate handover period”, it said. Pradelli held a variety of senior roles, including at Deutsche Bank, as head of private and business banking in Italy, and head of business development for the private clients and asset management group in Frankfurt.

Vontobel made two hires:  Alan Zlatar joined as deputy head of group investment strategy and head of multi-asset investments; Arpad Pongracz took charge of a newly-formed unit called outcome driven investments. Zlatar was previously head of portfolio management at Deutsche Bank Wealth Management in Zurich and chief investment officer at Rued Blass. Pongracz had been head of global balanced solutions at Union Bancaire Privée and head of total return direct strategies at Credit Suisse Asset Management.

Jochen Vogler, a former senior manager at Rothschild Bank in Zurich, joined boutique wealth management firm Bellecapital in the same Swiss city as executive director, responsible for managing US clients. He held a similar role in his previous job.

The chief information officer of Credit Suisse, Karl Landert, left his job after serving in the role since 2008 and spending an 11-year career at Switzerland’s second largest bank. David Mathers, chief financial officer and a member of the executive board, assumed full responsibility for the IT organization in addition to his current role.

Piguet Galland & Cie named Gérard Haeberli, head of private banking at Banque Cantonale Vaudoise, the parent group, as new chairman. Haeberli, who had been head of private banking at BCV since 2009 and will continue in that role, succeeded Olivier Steimer, who will remain as chairman of BCV.

North America

Washington Wealth Management’s chief executive and co-founder Anthony Sirianni left to pursue “other personal and professional interests,” the firm said. Robert Bartenstein, who previously served as chief of firm strategy, replaced Sirianni.

Robert Kaplan, co-chief of the asset management unit at the SEC’s enforcement division, joined Debevoise & Plimpton as a litigation partner resident in Washington DC. Debevoise will advise clients on securities-related enforcement and compliance issues, especially those involving requirements affecting SEC-registered investment advisors affiliated with hedge funds, private equity funds, investment companies, mutual funds and separately managed funds.

Scotiabank brought in Nestor Blanco as head of international private banking, as part of plans to boost its international wealth business. Blanco joined in April, according to an internal memo from Cathy Welling, head of the private client unit. It is not clear if Blanco replaces anyone in the role.

Philadelphia-based Janney Montgomery Scott took on Thomas Graham as senior vice president of wealth management within the Washington, DC branch. Graham brings with him $150 million in client assets. He is the fifteenth advisor to join this year.

International Planning Group hired Diego Polenghi to lead expansion in Latin America, which it views as “the number one growth opportunity.” Polenghi joined from Private Bank of Standard Chartered Bank in Miami, where he was head of sales for the Americas. In addition, Frank Garcia and Elizabeth Latorre joined IPG as vice presidents for Latin America. They joined a team of four producers, all based in Miami along with Polenghi.

BNY Mellon expanded its Tampa team in Florida, hiring Susan Kubar and Scott Givens. Kubar joins as vice president, senior fiduciary officer and Givens joins as senior director, portfolio management. Kubar was latterly a family wealth advisor at GenSpring Family Offices, where she worked for five years on cash flow and liquidity analysis, credit and banking needs, and tax and estate planning.

Houston, TX-based Linscomb & Williams, a fee-based financial advisory firm, appointed two senior financial planners and one financial planning administrator. Abigail Gunderson and Ryan Patterson join as financial planners, while Lauren Bain starts as a financial planning administrator.

Wilmington Trust continued its push into “dynamic markets” such as Florida and Washington, DC, hiring Robert Bauchman as president of its Florida market. Reporting to Jack Sawyer, president of Wilmington’s Southeast region, Bauchman will oversee wealth advisory operations in the region. He was previously managing director and head of Wilmington’s Vero Beach, FL office.

Coral Gables, FL-headquartered Gibraltar Private Bank named Adolfo Henriques as chairman, president and chief executive. He takes on the responsibilities from Steven Hayworth, who left the firm.

The Edelman Financial Group appointed Ric Edelman as chief executive, a role he previously co-held with George Ball. Ball will continue in his position as chairman.

JP Morgan named Teresa Heitsenrether as the new head of its global prime brokerage business. The move was unrelated to the loss of more than $2.0 billion recently reported by the US banking giant, it said.

San Francisco-based Wells Fargo appointed the former managing director of its financial sponsors portfolio management group, Joseph Colianni, as senior managing director of banking at Abbot Downing, the firm's recently-launched ultra high net worth business.

Colianni will oversee a range of services, which as well as checking and foreign exchange services, includes treasury management services and interest rate risk management strategies such as swaps, collars and caps, as well as custom lending.

City National Bank took on Richard Limekiller as a senior vice president and senior portfolio manager within its entertainment and wealth management division as part of an "expanded wealth management focus" in New York.

Limekiller will develop customized investment, asset allocation and retirement planning for high net worth families, individuals, entrepreneurs, hedge fund and private equity professionals as well as professional service firms.

Although he will specialize in equities, he will cover all types of investment management, reporting to Martha Henderson, head of the entertainment division.

The alternative investments chief at Credit Suisse Asset Management, Ravi Singh, left the Swiss bank, a spokesperson for the firm confirmed. Singh was based in New York and led a global team of 440 people managing SFr140.2 billion ($146.7 billion) of assets. He was also a member of the firm's asset management committee. The spokesperson said that a successor will be named in due course.

Sandy Cove Advisors, the Massachusetts-based multi-family office, appointed Kate Saltonstall as a partner/chief investment officer. Saltonstall’s responsibilities include establishing client investment policies and strategies, including asset allocation, portfolio creation, and investment vehicle selection.

LPL Financial, the US broker-dealer and a wholly owned subsidiary of LPL Investment Holdings, appointed Robert Comfort as executive vice president of business consulting at its institutional services arm. Comfort will lead the business consulting team responsible for serving around 680 banks and credit unions to which LPL Financial provides brokerage, trust and wealth management services.

Cedar Brook Financial Partners, the Cleveland, OH-headquartered wealth manager, promoted Barbara Pal to client manager. Pal began career in the financial services industry 33 years ago when she joined Capitol American Life Insurance, a Cleveland-based insurance company.

RBC Wealth Management added Don Reynolds as senior vice president and financial advisor to the Fort Worth, TX office, according to Kirk High, branch director. Client associates Don Reynolds, Carolyn Roy and Barbara Ramirez also joined.

Oak Hill Advisors, the New York-based investment management firm, appointed Declan Tiernan as managing director within its London-based client coverage group. The appointment represented the firm's first hire of a client coverage specialist for the London office. Tiernan shares responsibility for managing investor relationships and marketing, and will focus primarily on investors based in Europe and the Middle East – regions which the firm said account for about 30 per cent of its $13.6 billion assets.

JP Morgan appointed David Kane as head of its trust and fiduciary and compliance reporting business, part of the firm’s Worldwide Securities Services division. Kane has been head of global custody operations since 2006 and is now based in the Bournemouth office. He is replacing Tim Gandy, who the firm said is retiring.

Philadelphia Financial Group, the insurance firm that offers high net worth private placements, added fourteen members to its “Alpha Alliance” - a network of distributors which offer insurance products as part of an overall wealth management plan for ultra high net worth clients.

The new members include: John Anderson of Tempewick Wealth Management; William Dolan of SBG; Allan Goldstein of Goldstein Financial Group; Robert Hall of Vie International Financial Services; Peggy Hollander of The Succession Group; H Thomas Hollinger of Newton One Advisors; JoanAnn Natola of Element Financial Group; Michael Niemann of Newton One Advisors; Sam Radin of National Madison Group; Iain Scott of Caledonia Planning Group, and; Howard Sharfman of Schwartz Brothers Insurance.

Barclays’ wealth and investment management division brought in four investment representatives for its New York office. Mark Leyton, Zach Shillingford, Gannon McCaffery and Darin Lauv report to Mark Stevenson, managing director and regional manager for New York.

Private Bank of California took on Suzanne Dondanville as its new executive vice president and chief operating officer within the bank’s Century City, LA office. The firm said Dondanville will “streamline operations,” improve information technology and oversee facilities and cash management.

Bank of the West, the US-based subsidiary of BNP Paribas, appointed Scott Cripps as chief fiduciary officer within its wealth management group. In his new role, Cripps oversees the group’s fiduciary responsibilities to its affluent and high net worth clients.

Peter Flavel, the chief executive of private wealth management at JP Morgan in Asia, relocated from Hong Kong to Singapore as the US lender seeks to bolster its private banking division in the city-state.

Greenwich, CT-based Fieldpoint Private, the wealth advisory and private banking firm, further strengthened its New York office with the addition of Jeffrey Ferraro as a managing director. Ferraro previously worked within Bank of America’s US Trust unit, where he advised on $1.3 billion in assets for approximately 40 clients. Additionally, Caroline McGuire - also from US Trust - joined Ferraro as a member service associate.

Neuberger Berman appointed Patrick Kenefick as a wealth advisor in its Tampa, Florida, office. Kenefick will focus on the Southwest Florida area, reporting to Brian Brown, senior vice president and regional director, who is based in Atlanta and oversees Neuberger Berman's wealth management efforts in the Southeast US region. Kenefick's position is a newly created one.

Citi Private Bank appointed Michael Hatch to its Seattle office as director and ultra high net worth private banker. Hatch will report to Nancy Pellegrino, head of Citi Private Bank’s Pacific Northwest region.

Nasdaq-listed Susquehanna Bancshares appointed Michael Harrington as executive vice president and treasurer - a role in which he will lead the accounting and finance department. Harrington starts his new post in June, reporting to Drew Hostetter, executive vice president and chief financial officer.

Chicago’s Northern Trust has brought in Sheldon Woldt to serve as head of the Middle East – a newly-created role in which he will lead business growth in this region. Woldt will also work with Europe, the Middle East and Africa regional management, drawing on the firm’s asset servicing, asset management and wealth management expertise.

As part of his appointment, Woldt will transfer from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the institutional investor group for EMEA. Locally he will work alongside Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development.

AllianceBernstein appointed John Weisenseel as chief financial officer, with immediate effect. Edward Farrell, who has served as interim chief financial officer since February last year, now returns full-time to his responsibilities as corporate controller and chief accounting officer. In his new role, Weisenseel will lead all global finance and reporting functions, reporting to chief operating officer James Gingrich.

SunGard, the US financial services technology firm, made two senior appointments to its wealth and asset management business lines. It hired Mike Rogalski as chief operating officer, trust and retirement services for SunGard’s wealth management business. The firm also appointed Fred Naddaff to its asset management business as managing director of strategic business development.

Fireman's Fund Insurance Company, based in Novato, California, appointed industry veteran Lee Roth as the new high net worth personal insurance executive. Roth most recently served as head of the Private Client Group for North America at Chartis Insurance. She will be based in Chicago.

The chief executive of Credit Suisse Americas, Antonio Quintella, was appointed chairman of Credit Suisse Hedging-Griffo, the firm’s Brazilian asset and wealth management business. The Swiss bank bought a majority stake in Hedging-Griffo in 2007. In his new role, Quintella will relocate to São Paulo and report to Hans-Ulrich Meister, CEO of Credit Suisse Private Banking, and to Robert Shafir, CEO of Credit Suisse Asset Management. As a result of the changes, Quintella has stepped down from the executive board of Credit Suisse.

The Boston Company Asset Management, a Boston, MA-based equities investment specialist that is part of BNY Mellon Asset Management, appointed Adam Joffe to the newly-created roles of chief administrative officer and alternatives director in Boston. As CAO, Joffe will oversee operations and support service, while reporting to Joseph Gennaco, president and chief operating officer. He also reports to Bart Grenier, chairman, chief executive and chief investment officer.

The Financial Industry Regulatory Authority named Robert Colby as chief legal officer and announced the departure of general counsel Grant Callery, and Marc Menchel, general counsel for regulation. Callery is due to retire on 1 October while Menchel will leave on 1 June for private practice. Colby, who starts his new role on 18 June, will oversee the corporate and regulatory functions of the office of general counsel, along with the regulatory policy group, which is responsible for implementing FINRA’s corporate financing and advertising rules.

US-based Tiedemann Wealth Management appointed Jennifer Mitchell as a managing director to boost its business development and client services. She reports to Craig Smith, president of the firm. Mitchell was most recently managing director at the investment and wealth management division of Barclays.

Northern Trust named Daniel Lindley to the newly-created London-based role of managing director, global family and private investment offices group for the EMEA and APAC regions. He takes on the post on 1 July this year; he currently serves as president of The Northern Trust Company of Delaware, a limited purpose trust company in Wilmington, Del, a position he has held since 2005.

In his new role, Lindley will manage the expansion of Northern Trust's business with family and private investment offices in Europe, the Middle East and the Asia-Pacific region, and will have operational oversight of the group's activities in London and Guernsey. Lindley will also continue in his role as chief fiduciary officer for Northern Trust's Guernsey trust company, Northern Trust Fiduciary Services (Guernsey). Lindley will report to Jeffery Kauffman, chief executive, global family and private investment offices.

Beverly Hills Wealth Management, the registered investment advisory firm serving high net worth individuals, families and businesses, hired Joe Ellison as a senior vice president and wealth management advisor. Ellison will concentrate on HNW portfolio construction and investment management.

Citi Private Bank strengthened its law firm group with the appointment of Michael Sak - formerly of JP Morgan Chase - as vice president and private banker. At JP Morgan, Sak was most recently vice president of its private wealth management division, having started his career within the firm's infrastructure and operations group in 2001. As vice president/private banker, Sak reports to market manager for the western region, Kerry Gibson.

John Stoltzfus joined Oppenheimer & Co, part of Oppenheimer Holdings, as managing director and chief market strategist. Stoltzfus was latterly senior market strategist at Ticonderoga Securities, where he provided macroeconomic analysis, market outlook and strategy ideas to the firm and its clients. In his new role, Stoltzfus will create an “ambitious publication schedule,”  producing weekly market strategy pieces as well as additional commentary “as required by the markets.” He will work with his associate Matthew Naidorf to produce these, and also work closely with Carter Worth, chief market technician at Oppenheimer Asset Management, another subsidiary of Oppenheimer Holdings.

Foundation Source, a provider of support services to private foundations, appointed Adriane Glazier as philanthropic director, based in Chicago. Glazier will work with donor and family-led foundations located in the central region of the US on high-level strategic issues. She most recently ran her own foundation management consulting firm, working with the Webb Family Foundation and the Lynn Sage Foundation, for example. She started out her career as a trusts and estates lawyer. In her new role she will report to Foundation Source's chief philanthropic officer, Page Snow.

New York-listed Invesco, the asset management firm, hired three research analysts for its global quantitative equity research team. Michael Abata, Eric Cheng and Charlie Ko report to director of research Andrew Waisburd.

Genworth Financial appointed Martin Klein as chief executive on an interim basis, with James Riepe acting as non-executive chairman of the board, following the resignation of former CEO and chairman Michael Frazier.

Private Bank of California made three senior appointments to spearhead the launch of its Orange County, CA branch office in July. The new office is the bank’s first site outside of Los Angeles County, CA, with David Cobb, Joe Mauriello and Mary Chilton at the forefront of its operations.

Cobb, vice president and regional manager, Mauriello, senior vice president relationship manager, and Chilton, vice president of banking operations, will assume responsibility for extending the bank’s presence across Orange County while reporting to executive vice president Nick Zappia.

Middleburg, VA-based Washington Wealth Management, took on an advisory group with $120 million in assets and $1.4 million in revenues from Wells Fargo. Simultaneously, the firm launched an office in Woodland Hills, LA.

The former Wells group, called Pacific Point Asset Management, consists of Ricardo Montejano, team leader, and partners David Yee and Jeff Mramor. Additionally, Christian Amato, latterly of Morgan Stanley, joined the team.

Citi Private Bank added Nevada Mohammed - latterly of HSBC - to its Vancouver office in Canada, as director and investment counselor. Mohammed will report to Stacy Devine, who is investment counselor head for the Canada and Midwest US regions.

Perella Weinberg Partners, the US-headquartered global financial advisory firm, employed Michael McGrath – latterly of Morgan Stanley Smith Barney - as a partner within its asset management business, based in New York.

McGrath will work on product development, alongside the marketing group and portfolio management team, concentrating primarily on expanding the firm’s presence in the private client market sector.

Charlotte, NC-based Park Sterling Corporation, the holding company for Park Sterling Bank, appointed H Tuttle as a senior vice president and wealth management officer, charged with helping to develop the firm’s wealth management franchise in the upstate region of South Carolina. Tuttle will operate from Greenville, SC, reporting to Taylor Stokes, who is senior vice president and head of the wealth management group.

New York’s BNY Mellon appointed Suresh Kumar as chief information officer, replacing John Fiore, who has decided to retire in June. Fiore took over the post of chief information officer in early 2010, having worked at the bank since 2005. Kumar reports to Kurt Woetzel, who is both head of global operations and technology and chief administrative officer.

Asia-Pacific

Coutts hired industry veteran Gary Dugan as chief investment officer for Asia and the Middle East. He will join in July and be based at the Singapore offices of the UK-headquartered private bank. Dugan replaces Norman Villamin, formerly CIO for Coutts in Asia, who is relocating to Zurich and assume a new role as CIO for Europe. Dugan was previously CIO and also served as acting general manager at Dubai-based Emirates NBD, a role he started in 2009. 

Coutts also hired Kenneth Sue as Hong Kong-based head of products and services for Asia, and added seven other senior executives within the last month. Sue was most recently managing director and head of wealth management sales across Asia-Pacific for HSBC.

Wilson HTM Investment Group, the Australian wealth manager, appointed Brad Gale as head of private wealth. He moved from JBWere, where he most recently served as managing director.

Harper Bernays, the Australian investment manager, appointed David Ward as a specialist consultant and philanthropic advisor, having experience with both non-profit and financial sectors.

Neuberger Berman, the US-based asset manager, hired Angelia Tonkin as an associate to boost its distribution and client services offering in Australia. She joins from Hastings Funds Management, where she worked for eight years focusing on client and asset consultant service and relationship management.

Tyndall Asset Management, the Australian firm owned by Japan’s Nikko, acquired smaller peer, Causeway Asset Management. A team of five investment professionals will join Tyndall AM from Causeway, with Causeway co-founder Tim Martin becoming head of alternative assets.

MLC, the Australian wealth manager owned by National Australia Bank, appointed Paul Fog to the role of NAB Financial Planning general manager, based in Melbourne. The role was previously held by Geoff Rogers, who is now MLC sales general manager. Fog joined MLC in 1999.

SFG Australia, the wealth management firm, hired John Cowan to bolster its portfolio administration business. He joined the executive management team from WHK, the Australian advisory group, where he served as head of financial services for three years.

Perpetual, the Australian investment manager, named Mark Smith as group executive for Perpetual Private. He joined from rival BT Financial, where he worked for 19 years. His most recent role was general manager bank distribution and insurance.

Zenith Investment Partners, the Australian investment research firm, hired James Tsinidis as a new manager for alternatives research. He returns to the company after spending a year at Bell Potter Securities, where he was an associate analyst for the banking and diversified financials unit covering small-cap wealth management stocks.

Perennial Investment Partners, the Melbourne-based investment management firm, appointed Lewis Bearman as CEO, taking the lead role from Anthony Patterson, who will remain as an executive director of Perennial Value Management, its private client subsidiary. Bearman has been with the company since 2003 and most recently served as chief operating officer.

Expedition Advisors, the Hong Kong hedge fund firm, hired Kam Bahra as its chief operating officer, bringing with him over two decades of financial services experience. Bahra was previously the chief executive of Sparx Asia Investment Advisors, the Hong Kong arm of Japanese alternative assets firm Sparx Group.

Macquarie Investment Management, a subsidiary of Macquarie Bank, hired Axel Maier as a new head of Asian distribution. Axel Maier moves from Wellington Management, replacing Damon Hambly who resigned in January this year and then joined Natixis Global Asset Management as head of strategy and business planning for Asia, the month after.

Nomura, the Tokyo-based bank, hired Wonseok Chae as head of corporate sales and financing, Korea, reporting to Daniel Mamadou, head of the CSFG division. Chae was previously at Goldman Sachs where he was head of corporate sales for Korea.

Also Nomura hired Wendy Liu, who becomes the managing director and head of China equity research, based in Hong Kong. Liu joins from RBS, where she was a managing director, head of China research and the China strategist.

Japan's Nikko Asset Management appointed Aoifinn Devitt as a new head for its manager selection business across Asia and Europe. He previously worked at Cambridge Associates and Goldman Sachs.

Mitsubishi UFG Securities appointed Cliff De Souza, currently chief executive of Mitsubishi UFJ Securities International in London, to become principal executive officer.

Manulife, the Canadian financial services firm, internally promoted three executives to build up its core distribution channel in Hong Kong. Mark Richmond became vice president, agency operations. Helen Ho became assistant vice president, agency technology and strategic projects. Helen Ho was promoted to assistant vice president, agency technology and strategic projects. Tony Sung became assistant vice president, agency training and development. Richmond reports to Michael Huddart, Manulife chief executive for Hong Kong, while Ho and Sung report to Richmond.

BlackRock Australia named Justin Arter as a new country head, to start in September. He joins from Victorian Funds Management Corporation where he was chief executive. He will report to Mark McCombe, BlackRock's chairman, Asia-Pacific, and become a member of BlackRock's executive committee in the region.

AmBank, the Malaysian financial services group, appointed Ashok Ramamurthy as group managing director in addition to his position as board member. He is also a part of the board of directors of AMMB Holdings, the parent firm, and chief executive of AmBank Berhad.

EFG Asset Management recruited China equity fund manager Mansfield Mok, a former senior fund manager  for five years at GAM, for a Hong Kong-based role.Mercer named Sue Reekie as its new managing director and head of the Hong Kong office. She succeeded Jonathan Gove who became a market leader for Greater China. Prior to this role, Reekie was part of Mercer's UK client management team. 

Taiwan's Cathay Conning Asset Management hired Mark Konyn as chief executive based in Hong Kong. Konyn was previousy the CEO at RCM in Asia, which is owned by Allianz Global Investors.

DBS, the Singaporean bank, brought in Credit Suisse executive Joerg Hansen to join its emerging markets team as it builds its newly-created international unit. Hansen was previously the director, head of Russia for Central and Eastern Europe, Central Asia and Greece. He works closely with Peter Triggs, who was chosen to lead the team as managing director, head of international and head of wealth structuring in April.

China AMC deputy general Wang Yawei resigned from the company after over six years of managing the China AMC Large Cap Select Fund. News of the fund manager's departure led to massive pullouts from the fund, which had been the second best performer in China for the last four years. 

Global recruitment firm Korn/Ferry hired Emmanuel Hemmerle as senior client partner and head of the global consumer market for China. In the Shanghai-based role, Hemmerle becomes a member of the board and chief executive services practice. He joined from Heidrick & Struggles, where he as a partner specialising in consumer and industrial practices.

Bank of America senior managing director for Asian wealth management Gea Hong Tho resigned after nearly eight years with the bank. She is said to have rejoined her former colleague, Eng Huat Kong, who left the US bank in 2010 and was appointed head of private banking at EFG in February 2012. Tho's old duties were absorbed by Ong Yeng Fang, head of the wealth management business in Thailand, Malaysia and the Philippines.

HSBC promoted Bhriguraj Singh to head of product management for global trade and receivables finance, Asia-Pacific (ex Hong Kong and Macau) with effect from 11 June. Singh used to be the head of global trade and receivables finance in India. His old role will be assumed by Surath Sengupta, previously the head of international business, commercial segment, in the UK.

ABN AMRO appointed Brian McGirr as head of distribution for its newly-created debt solutions group in Asia. McGirr was previously an executive director in loan distribution at Royal Bank of Scotland. He is now based in Singapore and reports to Arnoud Sprangers, head of debt solutions, Asia.

UBS named Joseph Poon as head of ultra high net worth for Southeast Asia to build its global family office team in the region. Poon joined from Julius Baer where he was managing director and executive committee member. Daniel Harel, the then-head of UHNW for Southeast Asia, was named head of global family offices for Southeast Asia. Both appointments take effect in 2 July. 

International

Bermuda-headquartered Butterfield appointed Alastair Barbour as a non-executive director, replacing Robert Steihoff, who retired following the 2012 annual general meeting. Most recently, Barbour was head of KPMG’s financial services group in Scotland, until 2011.

Bedell Trust, the Jersey-based firm, appointed Victor Ho as head of Asia-Pacific, serving clients across the region including those with business links in the UK and continental Europe. Previously, he was a director of a trust company in Jersey, where he focused on the Asian markets. Ho was responsible for incorporating the first Jersey company with a Chinese name in January 2006.

SEI appointed Anita Juneja to its Global Wealth Services business in London, holding the post of relationship director. Juneja worked for more than 15 years in client service and sales management, specifically within mutual fund and platform organisations. Previously, she was head of strategic relationships for Close Brothers Asset Management in London. She has also held positions at Cofunds and Lazard Asset Management.

Coutts named industry veteran Gary Dugan, for the role of chief investment officer for Asia and the Middle East, as part of the bank’s ongoing build-up in the region. Dugan’s appointment came only days after Coutts named Paul Sarosy as head of investment solutions, having previously been head of UK domestic clients at Credit Suisse. Dugan joined in July, based at the Singapore offices of Coutts. Dugan replaced Norman Villamin, formerly CIO for Coutts in Asia, who relocated to Zurich and assume a new role as CIO for Europe. Alan Higgins continued as CIO for Coutts in the UK.

EFG Asset Management recruited China equity fund manager Mansfield Mok, a former senior fund manager at GAM. Mansfield is responsible for equity investing in China, based in Hong Kong. At his former firm, Mok co-managed the $1.5 billion GAM Star China Equity Fund.

Northern Trust named Daniel Lindley to the newly-created London-based role of managing director, global family and private investment offices group for the EMEA and APAC regions. He previously served as president of The Northern Trust Company of Delaware, a limited purpose trust company in Wilmington, Del, a position he held since 2005.

Europe

Morgan Stanley’s private wealth management arm appointed former Deutsche Bank man Martyn Surguy as its chief investment officer, responsible for all of the firm’s discretionary investment actions in the EMEA region. He took over from Chris Godding, who left to join Signia Wealth, the UK-based multi-family office, early this year. Godding was appointed co-chief CIO at that firm.

Natixis Global Asset Management, part of the French asset management group Natixis, made five hires as part of a Northern Europe push. Vincent Kroft joined as sales director of wholesale distribution in the Netherlands. He was previously a senior marketing and sales manager at BNP Paribas Investment Partners. The firm hired Emilie Autissier as a sales manager, joining from the Palaedino Group, where she was head of marketing and sales within the asset management arm. NGAM’s sales and support teams also added Dominika Bartosiewicz as a manager in Frankfurt, Chabeli de Kom as marketing and sales assistant in Amsterdam and Adriana Pérez Ramboux as sales and administrative assistant in Switzerland.

Italy’s UniCredit named Sandro Pierri as its new head of asset management – an appointment which was due to see him proposed as the chief executive of Pioneer Investments. Pierri replaced Roger Yates, who left as CEO of Pioneer to return to London. Pierri has been with Pioneer since 2003.

Reed Smith, the international law firm, launched a tax practice in Germany, adding Thomas Gierath to its partnership. He previously worked at Dechert, another global law firm.

Alter Domus, which supplies administration services to alternative investment funds and multinational corporations, appointed Michael Ellul as director of the firm’s office in Malta. The Malta office was set up in 2010. Ellul has significant local experience in banking and in trust and company formation. In 2006, he was one of three founding partners and directors of QUBE Services. He is the ninth new director to be appointed by Alter Domus in 2012.

Finn Boel Pederson resigned as a member of the group executive management at Denmark’s Sydbank. Boel Pederson, who joined the firm only on 1 February, found there was an “inconsistency between the job and responsibilities,” to which he attaches importance, the bank said.

The chief executive of UK wealth manager Williams de Broë, Philip Howell, resigned and was replaced by Investec Wealth & Investment CEO Jonathan Wragg. Wragg served as CEO of the combined business in September. The integration of Investec and Williams de Broë is due to be substantially concluded by 31 March 2013. The the firm's chief operating officer, David Howard, also left the business. Judy Price, COO of Investec Wealth & Investment was due to take over from Howard.

Dutch private bank Van Lanschot appointed two new members to the executive committee of its Belgian offshoot. Rob van Oostveen, previously director of private investments at the parent, became chairman of the executive committee of Van Lanschot Belgium. He succeeded Gerrit Verlodt. Evert-Jan Bentinck also joined the executive committee of Van Lanschot Belgium.

JP Morgan Asset Management hired Charles McKenzie as head of client portfolio management for Europe, the Middle East and Africa. McKenzie was latterly at Aberdeen Asset Management, where he was EMEA fixed income chief; before that he was head of UK fixed income at Deutsche Asset Management.

Middle East

Emirates NBD appointed Mohammad Kamran Wajid as its new chief executive of Emirates NBD Capital, the firm’s investment banking subsidiary based in Dubai. He replaced Suresh Kumar, ex-CEO who retired earlier this year. Kamran has been with the Emirates NBD Group for over 14 years.

UK

European Wealth Management, the UK private wealth management group, launched a fixed interest service and took on a new fund manager. Nigel Marsh joined from Epic Asset Management to help establish the new offering, which will be provided by the firm’s investment arm, European Investment Management. Marsh will be based in the firm’s head office in London. Earlier in his career, he worked for ABN Amro, NatWest and JP Morgan.

Coutts named Steve Griffiths as head of tax and wealth structuring with immediate effect – a role in which he will oversee the development of the firm’s tax and wealth structuring offering across the UK, Asia and Switzerland. Griffiths was latterly managing director, head of wealth planning at Credit Suisse and before that was managing director, head of UK wealth planning at UBS.

Premier, the London-based asset manager, bolstered its global equities team with the hire of James Smith, who will join in early June from Utilico. Smith spent 13 years at Utilico, where he was part of the team running the Utilico Investments and Utilico Emerging Markets vehicles, which have a combined £800 million (around $1.3 billion) under management. Before this he worked for Fleming Asset Management and Coopers & Lybrand.

Kames Capital, the London-based asset management arm of AEGON, appointed Claire McGuckin as an investment manager within its fixed income team. McGuckin will cover high yield credits and will work closely with, and report to, Phil Milburn, who manages the High Yield Bond and the High Yield Global Bond funds. Previously, McGuckin worked at Legal & General Investment Management, initially as a fund manager and subsequently as an analyst.

Adam & Company, the Scottish private bank, hired Robert Woodthorpe Browne as banking director for its London office. Browne joined from Coutts, the bank’s sister company, where he was a client partner and had led a team in Reading since 2007. Before that, he worked at Adam & Company for eight years as a senior manager in London.

Adrian Martin, chairman of RSM Tenon, announced that he will step down from the UK-based accountancy and advisory firm’s board. The company said in a statement that Martin told the board that he believes now is "an opportune moment for a new chairman to take the company forward over the long term" and that he will quit as soon as a suitable successor has been found. The firm also announced that Michael Findlay, non-executive director, is stepping down from the board to rejoin Bank of America Merrill Lynch in a senior executive role. He will leave at the end of May.

Kames Capital, the UK asset management arm of AEGON, appointed Greg Cooper as its new chief administrative officer, with immediate effect.  Cooper took over from Philip Smith, who has held the CAO role on an interim basis since July last year and will now focus on his duties as global chief financial officer for AEGON Asset Management. Prior to joining Kames, Cooper was chief financial officer at First State Investments International. In this role, he was in charge of financial management within its emerging markets, European and Asian markets.

London’s Hearthstone Investments took on Kevin Bull as a key account manager to assist the impending launch of its Property Authorised Investment Fund – the UK’s first residential property fund. Specifically, Bull will take charge of commercial negotiations, such as with platforms, alongside Mark Forman, distribution director, the firm said in a statement. Most recently, Bull spent five years as head of strategic partners at Old Mutual Asset Managers, directing the distribution of all UK and offshore Old Mutual funds.

Coutts, the private banking arm of the UK’s Royal Bank of Scotland, appointed former Credit Suisse employee Olivia Phillips as director, corporate communications, effective immediately. She reports to Susan Tether, managing director, marketing and communications. In her new role, Phillips assumes lead communications support for Coutts Private Office and for Coutts businesses in Russia, the Middle East and Switzerland. At Credit Suisse, she led the press office function for its UK Private Banking business, spending four years at the Swiss bank. Previously, she worked in a number of communications roles at Citigroup EMEA.

Speechly Bircham, the London-based law firm, made two partner promotions in a bid to strengthen its focus on the private wealth sector. Dominic Lawrance, described as having a growing portfolio of wealthy individual clients and trustee clients who he helps with tax, trusts and estate planning questions, is one of the new partners. He recently returned from a six-month secondment to the firm’s office in Zurich, which he helped establishing from its opening in June last year. Speechly Bircham also appointed James Freeman as head of the firm’s family team following the recent departure of Christopher Butler. Freeman has been part of the family team since 2006, and advises on all issues arising from relationship breakdown, especially those involving complex financial cases, tax efficient financial settlements or cohabitation law.

Deloitte appointed Kit Dickson as a new partner in its information reporting and withholding taxes group within the financial services practice, based in London. He previously worked at KPMG’s investment management team. In his new role, Dickson will lead the operational taxes team, with a particular focus on pension and investment funds and EU law for financial services firms.

The wealth and investment management division of Barclays named Edward Kirwan as director of UK charities investment management, recruiting him from Coutts. Kirwan had been with Coutts for 12 years, during which time he established and managed the firm’s charity investment team. In his spare time he acts as a trustee for several UK charities, is a member of the Responsible Investment Academy and sits on the Independent Committee of the STOXX Christian Values Index.

Malcolm Naish is to leave his post as director of real estate at UK fund manager Scottish Widows Investment Partnership upon his retirement in June. Since joining the firm in October 2007, Naish has overseen two major landmarks at the firm, including when SWIP was appointed to manage £2.4 billion ($3.9 billion) in new assets on behalf of Lloyds’ insurance banking division in May 2011, in addition to the first close of the Pan-European Urban Retail Fund in March.

Old Mutual appointed Celeste Dias as head of product development for its newly-merged business comprising Old Mutual Asset Managers UK and Skandia Investment Group. The firm announced the move - which combined Skandia and its asset management business into a single unit - earlier this week, saying it would sharply increase its market profile, and attract talent and new clients. Dias, who is currently director of product strategy at BNY Mellon Asset Management International, is due to start her new role over the next few months, although her exact joining date remains unknown.

Brown Shipley, the UK-based private bank, unveiled a new London-based practice for clients of South Asian origin based in the UK and overseas and took on three new private bankers for the service. The new service will be staffed with Sameer Kaushal, who joins from HSBC where he was head of non-resident Indians in the UK and Europe, Dhruv Bhatnagar, who most recently worked for EFG Private Bank an associate director, and Imran Qureshi, latterly at SG Hambros as an assistant private banker. It will be led by Ravi Sidhoo, head of global South Asian banking for Brown Shipley’s parent group KBL European Private Bankers.

Signia Wealth, the London-headquartered boutique, appointed Sonjoy Phukan as managing director, recruiting him from the wealth and investment management division of Barclays. At Barclays Phukan was market head for several businesses in the EMEA region and before this he was an executive director at Goldman Sachs. In his new London-based role Phukan is to focus on developing Signia Wealth’s international business, reporting directly to Nathalie Dauriac-Stoebe, the firm’s founder and chief executive.

Schroders, the UK-based investment manager, beefed up its fixed income team with four new hires in a bid to develop its skills in the emerging market debt relative return sector. James Barrineau joined the firm’s New York office as head of Latin American fixed income and co-head of emerging market debt relative return, along with Rajeev de Mello, head of Asian fixed income, and Fernando Grisales as a senior portfolio manager and Alec Moseley as a senior portfolio manager and sovereign research analyst. Grisales and Moseley will report to Barrineau, who in turn will report to Karl Dasher, global head of fixed income. The trio was latterly at Ice Canyon, a California-based global investment management firm specialising in emerging markets and global credit. Before that, they worked for Alliance Bernstein, where they shared responsibility for managing $15 billion in assets.

Scottish Widows Investment Partnership appointed Gareth Edwards as head of digital media and production and Sonia Irvine as head of request for proposal and investment writing. Edwards joined from Franklin Templeton Investments, while Irvine was latterly senior branding specialist at Invesco in New York.

Brewin Dolphin lured a team of four from the wealth and investment management division of Barclays ahead of launching a new office in Ipswich as part of its East Anglia expansion plans. The team comprises Andrew Wheeler, Toby Sellers, Matthew Shields, and Nick Barber. Wheeler and Sellers will join Brewin in October after a six-month notice period, while Shields will join in July and Barber in May. They will be working from a temporary office over the summer before being installed in a permanent base in September.

Edinburgh-based Scottish Widows Investment Partnership moved to reposition its equities strategy, confirming the role of head of UK equities will not exist in the new structure in April.  As a result of this, Peter Cockburn will be leaving the business, having joined in 2003.

Quilter took on HSBC's former private banking head, Chris Meares, as non-executive chairman, marking the firm’s first board-level appointment since it was acquired by Bridgepoint last month. Until recently, Meares was group chief executive of global private banking at HSBC, initially based in London, and subsequently Hong Kong. He retired at the end of 2011 after 32 years at the group.

RBC Wealth Management bolstered its Jersey private client team with the addition of Nic Butt and Martin Carolan. The pair, who both report to Tim Houghton, head of offshore private client wealth management, have been appointed as team leader and wealth manager respectively. Butt joined from Kleinwort Benson, where he headed up the UK resident non-domiciled clients team, the UK-based Middle East team and, most recently, the portfolio management team. He will now focus on expanding RBC Wealth Management’s offshore private client business, leading a team focusing mainly on the high net worth UK resident non-domiciled market. Carolan also joined from Kleinwort Benson, where he was a private banker covering HNW clients, corporates and trusts. In his new role he is charged with growing RBC Wealth Management’s book of UK resident and resident non-domiciled clients.

Legal & General Investment Management saw the departure of Ian King, head of European equities, replacing him with Gavin Launder, manager of two of its European equities funds. King joined Tesco to work on the food retailer’s pension scheme as part of a new in-house investment team.

Edinburgh-based Scottish Widows Investment Partnership took on Kenneth Anderson as an investment director within its global strategy team. Anderson will work with the existing team to assist SWIP with its strategic and tactical asset allocation services to clients, the firm said in a statement. He reports to head of global strategy, Ken Adams. Most recently, Anderson was co-head of EAFE - Europe, Australasia and Far East - equities and investment director of European equities at BlackRock International, where he worked for 11 years.

Andrew Moss stepped down from his post as chief executive of Aviva, and will be leaving the group shortly – a move he believes is in the “best interests of the company”. Meanwhile, Aviva appointed chairman designate, John McFarlane, to serve as executive deputy chairman with immediate effect, and as executive chairman as of 1 July - subject to regulatory approval - until a new CEO is found, the firm said. Assisting McFarlane in his new responsibilities is Kirsty Cooper, group company secretary and general counsel, who will head the office of the chairman.

Aviva Investors, part of Aviva, named Paul Abberley as interim CEO of Aviva Investors, replacing Alain Dromer, who has left the firm, as announced in April. Abberley has been chief executive of Aviva Investors London and global investment solutions, joining that group when it was launched in September 2008. As part of his role, Abberley will retain a close interest in investment activities but a detailed structure for the management and governance of the investment functions, addressing both operational and strategic management of the AIL and GIS teams, has been developed. Prior to joining Aviva Investors Abberley was London CEO at ABN Amro Asset Management and previously Global head of fixed income at Lombard Odier.

Signia Wealth, the London-headquartered boutique, continued a spate of recent senior appointments by naming Ameet Patel as head of alternative investments. Based in London, Patel will focus on developing Signia’s hedge funds investment offering. He joined from AlphaOne Partners, where he was a managing director investing in hedge funds for ultra high net worth clients. Patel has also worked on the sell-side, having spent several years at Lehman Brothers as an equity research analyst on the telecoms team.

Brian O'Reilly, head of research at UBS Wealth Management in the UK, left the firm after nearly 12 years. O’Reilly, who has a background at UBS’ investment bank and, prior to that, Goldman Sachs, left the UBS to pursue an opportunity outside the bank. In his role as head of research in the UK, he led a team of three at the Swiss bank.

AHL, the investment manager owned by Man Group, the world’s largest listed hedge fund firm, bolstered its management team with a new chief risk officer. Dr Douglas Greenig replaced Matthew Sargaison who will move on to become AHL’s chief investment officer. Sargaison worked for AHL between 1992 and 1995 and then re-joined the company in 2009. Tim Wong, chief executive of AHL, said that Sargaison’s new role will allow him to apply the experience he has gained over the past three years as CRO more directly to client trading. Dr Greenig, with a background at RBS Greenwich Capital and Fortress, will also be a member of the firm’s management committee.

Ingenious Asset Management named Ian Hunter as business development manager, recruiting him from Sinfonia Asset Management. Hunter was head of sales at Sinfonia; before that he held various sales roles at Skandia, National Mutual Life and Schroder Life.  

C Hoare & Co, the UK private bank, appointed Charles Pink as a non-executive director. Pink was previously chief executive of ASB Bank, the New Zealand banking subsidiary of Commonwealth Bank of Australia; before that he worked for Barclays, notably having been seconded to serve as the first CEO of First Caribbean International Bank, a joint venture between Barclays and CIBC. Pink is also a non-executive director of GE Capital Bank and chairman of The Cherry Tree Trust, a microfinance charity which he recently founded.

Quilter, the UK wealth manager which was recently bought by private equity house Bridgepoint, expanded its Edinburgh investment team with the addition of Scott Peebles. Peebles was most recently a private client investment advisor with Close Asset Management, where in addition to overseeing client portfolios he also advised on inheritance tax and Self-Invested Personal Pension issues and conducted seminars on retirement options and investment planning for executives working at FTSE 100 companies.

Carmignac Gestion, the French asset management firm that recently launched an office in London, appointed Nick White as sales manager for the UK – a role which he will take up at the end of next month. Based in London, reporting to Matthew Wright, head of the UK, White is to focus on developing Carmignac Gestion’s presence among discretionary fund managers and wealth advisors across the UK. White has been in the asset management industry for close to a decade, having previously worked for Martin Currie and Invesco Perpetual.

Quilter, the UK wealth manager, made its second major board appointment since being acquired by private equity house Bridgepoint, naming Mark Macleod as chief financial officer. Macleod was latterly chief executive and chief financial officer of Climate Change Capital - an investment management and advisory firm focused on the low carbon economy. Before joining CCC in 2007 he was a partner and chief financial officer for Europe and Asia at Cantor Fitzgerald and prior to that he was managing director and global head of finance for the investment bank at Dresdner Kleinwort Benson.

A restructure of the UK retail sales team at Neptune Investment Management saw Andy Larkin join the firm as head of strategic partners. Larkin joined from M&G to lead a five-person third party team at Neptune, which includes Nick Pogmore – latterly of Ignis – who was appointed as intermediary sales manager for the south east, and Harry Reeves, who has come across from Artemis to handle key accounts in the south west. Neptune said it has been looking to further integrate and harmonise the structure and activities of its regional and strategic partners teams ahead of the implementation of the Financial Services Authority’s Retail Distribution Review at the start of next year.

The wealth and investment management division of Barclays appointed two directors to its high net worth team. Rupert Allison and Sophia Bultitude join in May, formerly at Coutts and Citigroup Private Bank respectively. Both directors will be based in London, with Allison reporting to Paul Shaw and Bultitude reporting to Richard Thomas. Allison has worked in the Coutts ultra high net worth team since 2010.  Prior to that, he was at HSBC Private Bank as a team leader, focusing on managing and acquiring UHNW UK-based private clients.  He is returning to Barclays; Allison previously worked at the organisation from 1992 to 2007, most recently as an UHNW team leader. Bultitude has worked since 2000 as a private banker in the London and New York offices of Citi Private Bank.  Working in the law firm group division, she was most recently team leader responsible for driving the growth and strategy of the London team.

Schroders, the UK-based investment manager, bolstered its fixed income team with the addition of two portfolio managers who latterly worked for UBS. Alix Stewart, previously UK fixed income chief at UBS Global Asset Management, transferred to Schroders’ credit team as the firm looks to enhance its multi-sector specialist mandates in investment grade credit. Konstantin Leidman, previously high yield portfolio manager at UBS Global Asset Management, joined to strengthen Schroders’ multi-sector specialist mandates in European high yield. And Sarang Kulkarni, currently fund manager for segregated credit strategies at Schroders, has had his role expanded to take on co-lead portfolio management responsibilities.

Jupiter Asset Management, the UK-listed investment house, appointed Hilary Blandy as a senior credit analyst. She previously worked at Citi, the US bank. Blandy, who has 10 years’ experience in analysing credit and covenant packages as well as in structuring bond deals, joins with immediate effect to work with Ariel Bezalel, manager of the £869 million (around $1.396 billion) Jupiter Strategic Bond Fund. At Citi, Blandy had worked for the past three years as vice president in Citi’s leveraged finance team, having joined the team in September 2002. Prior to this, she worked as an associate in the leveraged finance team for more than three years.

Scottish Widows Investment Partnership appointed Ian Marsh - latterly of BlackRock - as head of marketing, based in Edinburgh. Marsh will report to Francis Ghiloni, director of distribution and client management, and will be responsible for shaping SWIP’s marketing strategy across a range of disciplines including client communications, advertising and brand management, the firm said in a statement. At BlackRock, Marsh was managing director and head of marketing communications for Europe, the Middle East and Africa for two years.

Brown Shipley, the UK-based private bank, appointed former Royal Bank of Scotland UK chief executive Alan Dickinson as its new chairman. Dickinson, who retired from RBS in 2010, was CEO of the group’s UK division from 2008 to 2009, a role in which he ran the RBS and Natwest branch networks, the mortgage and credit card businesses and the UK corporate bank. Before this he was CEO of UK corporate banking. Dickinson replaced Stephen Blaney as chairman of Brown Shipley.

Viteos Fund Services, an international fund administrator and operations services provider that recently rolled out a family office practice, named industry veteran Ranjan Mishra as senior vice president to lead the firm’s European expansion, media reports said. Mishra joined the firm’s London office; he has more than 16 years of experience selling into the financial services industry in India and the UK. In his previous role he set up and grew the UK and Europe operations of Thinksoft, a specialist IT consulting company for the financial sector.

UK law firm Burges Salmon promoted two of its lawyers to partner in the private client and wealth structuring team, and promoted another lawyer to the role of senior associate. Jim Aveline, a specialist in tax, estate and succession planning, has been made a partner. Among other roles, he sits on the Law Society's capital taxes sub-committee. Also promoted to partner is family law specialist Sarah Woodsford, described by the Chambers 2012 legal directory as “a star of the future”. She advises on family law, in particular advising on the financial implications of family breakdown.

Insight Investment’s Dale Thomas is to leave his post as head of currency management within the fixed income team in June. The firm confirmed to WealthBriefing that, having spent 17 years with the fixed income team, Thomas has decided that it is “time for a fresh challenge”. Meanwhile, Max Wahl and Richard Nibloe will assume responsibility for the Absolute Insight Currency Fund, as well as the firm’s broader currency activity.

The private banking arm of Credit Suisse saw the resignation of Paul Sarosy, its head of UK domestic clients. Sarosy was replaced by Eric Pfister, head of market area UK/international, on an interim basis.

Sarosy joined Coutts as head of investment solutions, this publication could exclusively report. In his new role, he will report to Gayle Schumacher, head of Investment Office at Coutts, which is owned by UK-listed Royal Bank of Scotland. He will be responsible for leading product development and Alan Higgins, chief investment officer UK, and Norman Villamin, chief investment officer Asia and Europe, will both report to him. Sarosy is due to take up his post later this summer.

Santander Asset Management UK, part of Santander Private Banking, appointed David Steward as chief investment officer. Steward has nearly 25 years of experience across all asset classes, having held several senior vice president investment management roles in the past, the firm said in a statement. Prior to joining Santander, Stewart was group chief investment officer and senior vice president at Butterfield Bank for three years.

Legal & General Investments, the UK-based asset manager, beefed up its sales team with the hire of Liz Adnitt as senior investment sales manager. Adnitt joined from Gemini Investment Management, where she worked as investment sales director. Earlier in her career, she worked for LV Asset Management, SVM Asset Management, Jupiter Unit Trust Managers, Insight Investment and JP Morgan.

Accountancy firm Saffery Champness appointed James Hender as partner in its London headquarters. Hender, who specialises in the financial services sector, joined the firm’s private wealth and estates group from Smith & Williamson, where he spent nine years advising high net worth clients.

Thomas Miller Investment appointed John Bearman - latterly of Santander - as chief investment officer based in London. Bearman latterly held the same position at Santander Asset Management in the UK. Earlier in his career, he was UK equities chief at Insight Investment.

Rae Brooks joined UK-based wealth management firm Smith & Williamson as a director in the investment management division from Amundi, the fund manager that is majority owned by Crédit Agricole. At Amundi, he was director of the UK subsidiary from 2000-2011 and was in charge of the private client business.  Rae began his career in 1979 at the Alexander Howden Group.

JP Morgan appointed David Kane as head of its Trust and Fiduciary and Compliance Reporting business, part of the firm’s Worldwide Securities Services division. Kane has been head of global custody operations since 2006 and is now based in the Bournemouth office. He is replacing Tim Gandy, who the firm said is retiring.

Oak Hill Advisors, the New York-based investment management firm, appointed Declan Tiernan as managing director within its London-based client coverage group. The appointment represents the firm's first hire of a client coverage specialist for the London office.  Tiernan shares responsibility for managing investor relationships and marketing, and will focus primarily on investors based in Europe and the Middle East – regions which the firm said account for about 30 per cent of its $13.6 billion assets. Prior to joining Oak Hill, Tiernan was managing director and head of alternative fund distribution at UBS Investment Bank.

DPZ Capital, the Jersey-based wealth management boutique, appointed former Deutsche Bank director Mark Juste as a senior business development specialist. Juste, who was a director within the private wealth management team at Deutsche, had been with the German giant since 1993. Before this he worked for Lloyds TSB and Citibank, having begun his career with Kleinwort Benson in Jersey.

UK-based Cordea Savills, the international property investment firm, saw the resignation of John Partridge as executive chairman. Partridge, who will remain involved with the firm as a senior advisor, first joined Cordea Savills in 2003, charged with transforming the UK fund manager into a European investment management business.

The wealth and investment management division of Barclays is to lose Jonathan Burt, managing director within the wealth advisory team at the UK-listed bank. Burt will depart Barclays for a law firm in a couple of months. He joined Barclays in 2007 from Baker & McKenzie.

Pictet Asset Management, part of Swiss private bank Pictet, boosted its sales presence in the UK to develop business links with firms such as discretionary wealth advisors, this publication could exclusively report. Arabella Martin, who joined this month from Goldman Sachs Asset Management, will cover discretionary fund managers based in London. Antonia Perrott joined earlier in 2012 and covers the South West region of the UK; Tim Edmans, formerly of Towry, the UK wealth advisory firm, will be covering the Midlands region of the UK.

Coutts, the wealth management arm of Royal Bank of Scotland, hired Ali Hammad as co-head of the Middle East region. Hammad joined from Credit Suisse, where he was most recently head of private banking for the Middle East. Before that, he spent nearly a decade years working with Middle Eastern clients.as a private banker at UBS.

Barclays Corporate & Employer Solutions, which was set up last year by the UK firm, appointed Katharine Photiou as head of workplace savings. The move follows a recent move by the organisation to create a corporate wealth advisory team.

Barclays made two senior appointments in the Liverpool office of its wealth and investment management division. Lee Ramsden joined from independent wealth advisor Towry as a wealth advisor, working with the office’s private bankers. He had also been a senior wealth planning manager at Lloyds TSB Wealth Management for five years. Stephen White joined as a corporate wealth advisor as part of his remit working for Barclays Corporate & Employer Solutions. He was previously at Royal Bank of Scotland, where he was a corporate independent financial advisor for Liverpool, Lancashire and North Wales.

Edinburgh-based Scottish Widows Investment Partnership appointed 15 investment directors/investment managers for its global equities team, following its announcement in April that it was to reposition the business. At the time of the announcement, it also emerged that the role of head of UK equities would not exist in the new structure, resulting in the departure of Peter Cockburn, who joined in 2003. Under the leadership of Will Low, head of global equities, the new team comprises James Clunie; Andrew Paisley; Gregor MacDonald; Vicky Watson;Tony Foster; Johnny Russell; Nick Ford; Iain Fulton; Stephen Corr; Mark Phillips; James Kinghorn; Catie Wearmouth; Greig Bryson; Craig Bonthron and Karolina Noculak. 

Jeremy Alun-Jones left his position as managing director of UK-based Stenham Asset Management to pursue other interests. Alun-Jones left at the beginning of the month and his responsibilities have been taken over by the group’s chief financial officer and executive chairman while the firm is evaluating how to go forward.

Rathbone Investment Management, part of UK-listed Rathbone Brothers, appointed former Investec manager Keith MacKenzie to its Edinburgh office, continuing a run of hires this year. MacKenzie joined as an investment manager, reporting to David Macaulay, Rathbones’ regional director based in Edinburgh, the firm said in a statement. In his previous job, he was an investment manager at Investec Wealth and Investment Management; MacKenzie worked at the firm for four years.

Barclays bolstered its Crawley, West Sussex office with a new senior appointment within its Corporate & Employer Solutions division. Anthony Whittington - latterly of HSBC - joined as a corporate wealth advisor and will focus on helping entrepreneurs and small- to medium-sized businesses manage the risks related to their most valuable employees as their businesses grow, the firm said in a statement.

Fidelity Worldwide Investment appointed John Clougherty as head of UK retail, a role that involves dealing with intermediaries including wealth managers. Clougherty previously worked at Aviva Investors UK Funds, where he was chief executive. He has additionally held senior management and sales positions at Fleming Asset Management, Merrill Lynch Investment Managers and Skandia Investment Management. His latest appointment represents a return to Fidelity where he started his career in financial services with Fidelity’s graduate scheme in 1992.

London law firm Winckworth Sherwood continued to expand its family law team with the arrival of Emily Brand as partner from boutique matrimonial firm Vardags. Brand specialises in high net worth family cases; her new firm believes she has the "technical know-how and drive to achieve imaginative solutions whether restricting access to wealth or unlocking it." She is particularly interested in post-nuptial agreements.

Quentin Fitzsimmons will leave his position as government bonds chief at UK-based Threadneedle Investments in July. Fitzsimmons has been with the company since 2003 and led its absolute return bond strategies. The next destination in his career is not known at this stage. Matthew Cobon, fund manager and foreign exchange specialist, is currently co-manager of the Threadneedle Absolute Return Bond and Target Return funds and will assume lead responsibility for them.

Nucleus, the Edinburgh-based IFA wrap platform, appointed Martin Leckie to the newly-created role of investment operations manager. Leckie came across from Standard Life, where he spent five years working with wrap platform investments and asset administration. Before that, he worked for Bank of New York (now BNY Mellon).

Former Scottish Widows Investment Partnership investment sales director, Stephen Packter, decided to leave the business in order to pursue other opportunities. According to a statement, his departure follows a review of SWIP’s wholesale sales team structure so as to ensure the roles and skills within the team are “best placed to help optimise SWIP’s sales potential in the IFA and discretionary marketplace.” 

Royal London Asset Management took on Azhar Hussain as head of global high yield to expand on its investment capability in this area. Reporting to head of fixed interest, Jonathan Platt, Hussain employs a “fundamental investment approach”, drawing on his background as a qualified chartered accountant to focus on credit. Hussain is latterly of Insight Investment Management, where he was head of high yield and leveraged loans, as well as serving as manager for a number of high yield credit funds.

The Financial Services Authority named Joe Garner as chairman of the Financial Services Practitioner Panel, with effect from 1 June 2012. He will succeed Russell Collins, who is retiring from Deloitte at the end of May. Garner is head of the UK bank and deputy chief executive at HSBC Bank, with responsibility for HSBC’s retail and commercial banking business in the UK.

Kleinwort Benson, the UK-based private bank, took on Andrew Wheeler for the newly-created role of executive director for business development within private wealth management. He will join in July and report to Marianne Kafena, the bank's head of wealth planning. Wheeler has experience of working with high net worth clients in both London and Jersey. He was recently a partner at Absolute Fund Managers, where he led business development and marketing for its hedge fund range for private clients.

UK-based Old Mutual Asset Managers hired Steven Brown - latterly of Royal Bank of Scotland - as head of advisory distribution. Brown was recently wholesale distribution chief within RBS Global Banking & Markets. During his 20 years in asset management sales, he has also worked for M&G and Principal Global Investors. In his new job, his prime responsibility will be strategic partnerships in the UK wholesale market. He will report to Simon Smith, head of wholesale distribution.

London-headquartered Hermes Fund Managers confirmed Saker Nusseibeh as chief executive, a role he has held on an interim basis since November. Nusseibeh initially joined Hermes in June 2009 as a main board director and head of investment. His appointment is effective immediately and he will remain as head of investment, according to a statement.

Barclays added to its wealth and investment management division in Birmingham with the appointment of Grant Hughes as a vice president. He was hired to lead a new UK-wide corporate wealth advisory team within Barclays Corporate & Employer Solutions. Before joining Barclays, Hughes was at RBS, where he headed a team of 10 corporate financial planners covering Wales and the Midlands. He brings over 15 years’ corporate financial planning experience to his new role.

Brewin Dolphin, the UK-based wealth manager, appointed Andrew Westenberger as group finance director from 1 January 2013, when the incumbent retires. Robin Bayford will step down at the start of next year after more than two decades at Brewin. He joined the firm’s board in 1990 and took up full time employment as finance director the following year. Before that, he was a manager at Ernst & Young and group financial controller at AGB Research. His replacement, Westenberger, was finance director at Evolution Group between 2009 and August last year.