March was a busy month for global wealth management moves. Credit Suisse, for example, announced that its CEO, Brady Dougan, is stepping down.

UK

European Wealth, the UK firm that is listed on London’s Alternative Investment Market, expanded its Manchester operations by appointing James Igoe, a former private client director at Hume Capital.

UK investment and wealth management business Heartwood hired Societe Generale Private Banking Hambros' head of wealth planning, Christine Ross. Ross left her role in the business development team of Societe Generale Private Banking's UK wealth management arm in January. In her new role, she reports to chief executive, Tracey Davidson, and works alongside the private client business to oversee all aspects of financial planning at Heartwood and its parent company, Handelsbanken. Ross spent 13 years within SGPB Hambros' wealth planning team, which provides a range of services including inheritance and succession planning.

Old Mutual Global Investors, part of the UK's Old Mutual Wealth, hired John Peta as head of emerging market debt. Peta was previously a fund manager and co-head of emerging market debt at Threadneedle Asset Management.

UK-based Succession Holdings, the financial services organisation controlling its own advice, platform and fund management activities, appointed James Stevenson as group operating director in its national wealth management advisory brand, Succession Group. He supports the firm's target of acquiring and integrating the best 50 firms from its membership, with £7 billion ($10.44 billion) of assets, by 2017. Stevenson joined from Sesame Bankhall Group, where as director of advisor technology propositions he was responsible for delivering IT solutions to meet clients’ needs.

UK-based Troy Asset Management promoted Hugo Ure to co-manage its Income & Growth trust. Ure, previously assistant manager, will now work alongside Francis Brooke, who has managed the trust for over five years.

Towry, the UK wealth advisory and investment house, appointed Andy Dossett as a service delivery manager to its Cardiff office in South Wales. Dossett joined from Asset Protection Management, having worked as an operations manager for the firm since 2012. Dossett previously held roles at Nationwide Building Society, RBS, 118 Media and Legal & General.

Geneva-based Pictet Asset Management hired Emrah Kagitcibasi as senior investment manager in its emerging market debt team. Kagitcibasi, who joined the London-based team, previously specialised in EMEA hard and local currency as portfolio manager at Rohatyn Group, a New York-based emerging markets hedge fund. Before this, he worked on emerging markets at Bluecrest Capital.

PricewaterhouseCoopers appointed Justin Woodhouse as the new head of its tax practice in the Channel Islands. Woodhouse took the reins from Wendy Dorman, who retired from her position this summer. He joined from PwC's UK-based international structuring tax team, where he focused on the national financial services sector. He also led the firm's European banking and capital markets tax team, and sat on PwC UK’s tax policy panel.

UK-based investment manager Hargreave Hale appointed former Odey Asset Management chief David Stewart as non-executive director. Stewart brought over 30 years' experience in the investment management sector. He was most recently non-executive director at Odey Asset Management, a position he held till December last year. Before that, he was Odey's chief executive. He has also been president for EMEA at Fidelity Investments.

---

Julius Baer appointed Jonathan Holland and Robert Websdale as relationship managers within the firm’s UK North West region. The duo joined at director level and will work with Julius Baer’s senior relationship manager, Alan Edwards, to develop the business in the region, under the lead of its head of relationship management, David Durlacher. Holland and Websdale previously worked at Barclays’ Manchester office in the UK. Holland has more than 12 years’ experience of advising high and ultra-high net worth individuals; he joined the firm’s Manchester office in 2006. He previously worked in investment banking at JP Morgan and UBS. Websdale started his career eight years ago with Barclays in the North West. He has expertise in working with entrepreneurs with a focus on wealth structuring, Julius Baer said in a statement.

UK-based investment manager Rathbones hired RBS's Sarah Owen-Jones as chief risk officer. Owen-Jones was most recently head of transformational risk and services risk oversight at RBS.
Stanhope Capital, the global investment office, appointed Edward Clive, a senior director in its investment research department, to the role of head of private funds. Clive previously worked at Lazard and Vantage Group; he has worked at Stanhope for five years.

Additionally, Jerome Sibony has been named head of direct investments. Sibony, who has over 15 years of experience in direct private equity, joined Stanhope Capital from Neo Investment Partners. There, he was the senior principal on the firm's €300 million ($317.6 million) Small/Mid Cap PE Fund, which specialised in international roll-outs of consumer brands.

Tilney Bestinvest hired Cathy Geary as associate director, financial planning. Geary joined from Arthur J Gallagher, an insurance brokerage and risk management services firm, where she advised self-managed pension clients and high net worth individuals. Schroders hired Dan McFetrich as a global sector specialist for industrials. McFetrich works alongside seven global sector specialists who provide insights and stock recommendations to the team's portfolio managers. He reports to the team's lead portfolio manager, Simon Webber. McFetrich was previously senior industrials analyst at Fidelity Worldwide Investment.

Schroders hired Dan McFetrich as a global sector specialist for industrials. McFetrich joined the London-based global and international equities team to work alongside seven global sector specialists who provide insights and stock recommendations to the team's portfolio managers. He reports to the team's lead portfolio manager, Simon Webber. McFetrich, who brings 14 years' experience as an equity analyst, was previously senior industrials analyst at Fidelity Worldwide Investment.

UK-based tax, audit and advisory firm Crowe Clark Whitehill appointed Jane MacKay as a partner. MacKay returns to the firm after nine years, having previously been the senior tax manager for its corporate and not-for-profit clients. MacKay left Crowe Clark Whitehill in 2005 to work at Grant Thornton where she most recently led the business’s transaction tax operation in the Thames Valley region.

Coutts Private Office, part of Coutts, appointed former Credit Suisse private banker Alison Bishop as a senior wealth manager, a newly-created position. The role was developed in response to growing client demand. Bishop reports to Adrian Jones, managing director in the Coutts Private Office. At Credit Suisse Private Bank, Bishop was a desk head within the ultra-high net worth business. She joined the Swiss bank in 2013, according to its website. Prior to that role, she spent seven years with JP Morgan Private Bank, where she led the financial sponsors team. 

Baring Asset Management appointed its head of UK wholesale distribution, Rod Aldridge, to lead the wholesale business in EMEA. Aldridge, who has been with Barings since 2008, assumes the new role as head of wholesale distribution, EMEA. Based in London, he takes the reins from Oliver Morath, who has quit the firm to “pursue another opportunity in the industry”, the company said. Aldridge previously helped establish the UK-based investment platform Cofunds.

A team that left UK boutique wealth manager Signia Wealth, which recently saw the sudden resignation of high-profile founder and head Nathalie Dauriac-Stoebe, rejoined the firm to form its new leadership team. The team is made up of Carnegie Smyth, managing director; Etienne de Merlis, chief investment officer; and Greg Malone, head of wealth management.

London-listed asset manager F&C Investments hired the European Investment Bank's David Walker as private equity investment director. Walker joined the eight-strong private equity funds team in Edinburgh from his position as head of infrastructure funds at the EIB. Before that, he was deputy head of equity funds at the European Investment Fund. In the newly created role, Walker covers European funds, co-investments and renewables investments and reports to the head of F&C private equity, Hamish Mair.

Charles Stanley hired Mark Merten-Jones to lead its Birmingham investment management office. Merten-Jones, who joined from BRI Wealth Management, where he was chief investment officer, assumes the newly-created role as branch manager. He is responsible for driving the business and reputation of the office, which has built its funds under management and administration from £110 million ($168.8 million) to £475 million over the past four years.

Ashcourt Rowan appointed Jamie Frere-Scott as funds director, taking over from Alan Scrimger, who left the role last year. Frere-Scott joined the firm from Mobius Life where he was head of research, lead manager for the firm’s UK Fixed Income and UK Equity funds, and co-manager of the Multi Strategy and World Equity funds. Frere-Scott reported to Ashcourt Rowan Asset Management’s chief executive, Harry Burnham. Prior to working at Mobius Life, Frere-Scott spent nearly four years at Investment Solutions, most recently as head of research. He began his career as a portfolio analyst at Russell Investments.

Walker Crips appointed Katie Machin, a chartered financial planner, to its York office in the UK. Machin has more than 11 years’ experience of advising clients on protection, pensions, investments and inheritance tax planning. She was previously a financial advisor at NFU Mutual for around eight years.

Europe
European asset manager Amundi appointed Laurent Ducoin as head of European equities. Ducoin replaced Olivier Baduel who left the group, Amundi confirmed. Ducoin reports to Amundi’s global head of equities, Romain Boscher. Ducoin was previously a fund manager and head of the European equity team at Carmignac, having joined in 2011 to “rebuild” the team’s investment process. Prior to that he headed up BlackRock’s European equity team and managed several of the firm’s pan-European and Swiss-only products. He began his career in 2000 as a sell-side financial analyst at Oddo Pinatton Equities before moving on to CM-CIC Securities.

Amundi also appointed Navik Patel as head of divisional strategies within its alternative investments business. Patel replaced Amelie Derambure who moved internally within the firm. He operates as a senior analyst and is based in London. Patel joined Amundi from Aberdeen Asset Management’s alternatives business.

European asset manager Carmignac made a series of promotions within its European equities, cross-asset and fixed income teams.  promoted two of its European equities team members – Huseyin Yasar and Malte Heininger - to the role of fund managers.

Yasar was appointed co-manager of the Carmignac Portfolio Grande Europe fund, which comprises €420 million of investments. Yasar has worked alongside co-manager Muhammed Yesilhark since 2011. He previously worked at SAC Global Investors and within Goldman Sachs’ M&A division, the firm said in a statement.

Heininger was appointed co-manager of the firm’s Euro-Patrimoine and Portfolio Euro-Patrimoine funds, which collectively have €565 million assets under management. Heininger co-managed the fund with Yesilhark. Also previously at SAC Global Investors, Heininger worked as an investment banker at Morgan Stanley. Yasar and Heininger joined Carmignac in January 2014.

Carmignac reshuffled its cross-asset team, as headed by Frédéric Leroux. Leroux appointed Julien Chéron as fellow co-manager of the asset manager’s Investissement Latitude and Portfolio Investissement Latitude funds, which have €1 billion assets under management. Chéron joined Carmignac in 2009 to work primarily as a risk manager and joined the cross asset team as a quantitative analyst in 2011. Chéron has 14 years’ experience in risk management and quantitative analysis through his previous positions with CDC Ixis Capital Markets, CDC Corporate and Investment Bank and Anakena Finance. In line with the expansion of its fixed income team, as led by Rose Ouahba, the firm appointed Pierre Verlé as head of credit. Verlé joined the firm in January 2013 as a credit analyst, having previously co-managed the distressed debt fund at Butler Investment Managers in London. With 10 years' experience of investing in credit markets, Verlé previously had responsibility for Morgan Stanley’s special situations investments in France and Benelux.

Former head of credit Keith Ney focuses exclusively on the management of Carmignac’s Sécurité fund. Ney managed the fund, which comprises €6.5 billion, since January 2013.

March Asset Management, the asset management arm of Banca March, the Spanish private banking group, appointed Francisco Rodriguez to its commercial team following the recent appointment of Lorenzo Parages to head the team. Rodríguez joined from Funds People. He reports to Parages, March Asset Management.

Barclays appointed Sasha Wiggins as chief executive of its operation in Ireland. Wiggins, who previously headed Barclays Wealth and Investment Management’s charities and professionals businesses, succeeded Andrew Hastings, who in September 2014 announced his intention to leave the bank to “focus on other opportunities”. In her new role, Wiggins is responsible for the ongoing growth and development of the bank in Ireland, which includes its corporate, investment banking and wealth management businesses.

Middle East

South Africa-based Nedbank Private Wealth appointed Greg Smith as a personal banker to its Dubai office as part of an increased focus on client support amid strong growth in the Middle East. Smith has seven years’ experience in financial services in Dubai, and was previously an executive within Lloyds TSB’s private banking team. During his time at Lloyds, he also worked in business development and advisory roles. In his new role at Nedbank, Smith interacts with a dedicated high net worth client service team focused on extending product and service support.

Morningstar, the fund research firm, launched an investment management business in South Africa, having secured regulatory clearance. As part of the rollout, Victoria Reuvers was appointed director and senior investment consultant for the venture. Prior to joining the new business, called Morningstar Investment Management South Africa, Reuvers founded Trivium Capital, an investment consulting and research firm in Cape Town. Before this, she held several management and research positions at Investec Asset Management.

---

North America

New York-based registered investment advisor Source Financial Advisors took on Pacific Divorce Management 's chief executive, Justin Reckers, to build a bi-coastal divorce financial practice. Reckers, also formerly director of financial planning at Pacific Wealth Management, will join Source Financial Advisors as managing partner of its San Diego, CA, branch.

US Trust made six appointments across the US, including hires and promotions.

In Connecticut, Erin Smith joined the West Hartford office as a senior trust officer from Fiduciary Trust Company International while Lee Melchionni joined in Boston, MA, as a private client advisor from Wasserman Media Group. Meanwhile, Blair Ege and Dionne Gumbs were hired as PCAs in the US capital from Citi Private Bank and Fisher Investments respectively. Additionally, Jackie Yoon was promoted to market executive in Saint Louis, MO, while in The Golden State Robert Gibson joined as a PCA in Palo Alto from Bank of America.

Index Fund Advisors recruited Wesley Long as executive vice president and director of wealth advisor services, based at the firm's Irvine, CA, headquarters. Long, who will report to Mark Hebner, president of IFA, was most recently executive vice president and head of private client services at Wedbush Securities, a regional broker-dealer based in Los Angeles. In his new role, Long will oversee IFA's advisory operations and recruiting, as well as the growth of current and prospective client asset acquisition.

Joe Rotella, president of the US northeastern region at GenSpring, left the firm. Rotella joined GenSpring in 2007 as an advisor and fiduciary director and became a managing director in 2013 before being named as president for the northeastern region.

City National Bank added to its private client services team in The Golden State. Peyman Salehi joined the California-based bank as senior vice president and manager of the firm's Beverly Hills private client services team to lead a team of private client professionals and will be adding new bankers. He and his team provide credit, investment management, wealth planning and trust services to high net worth families, non-profits and professional services firms.

Salehi reports to Gwen Miller, executive vice president and manager of private client services in the greater Los Angeles area. With more than two decades of wealth management and banking experience, Salehi most recently served as managing director of JP Morgan Private Bank's high net worth team in Chicago, IL.

The global investment management firm PIMCO made five US promotions to managing director in the shape of: Richard Clarida, David Fisher, Richard LeBrun, John Murray and Kimberley Stafford.

Clarida is a managing director in New York and PIMCO's global strategic advisor – a role in which he leads the annual Secular Forum. He is also co-head of the quarterly Cyclical Forum process. Since joining the firm in 2006, Clarida has worked extensively with the firm's central bank and sovereign wealth fund clients. Before joining PIMCO, he gained experience in Washington as assistant Treasury secretary; in academia as chairman of the economics department at Columbia University; and in the financial markets at Credit Suisse and Grossman Asset Management.

Fisher is a managing director and product manager in Newport Beach, responsible for the firm's core fixed income strategies. Prior to joining PIMCO in 2008, he was a managing director and head of global fixed income at Halbis, the asset management arm of HSBC. He was previously a global bond portfolio manager at Credit Suisse Asset Management and Fischer Francis Trees & Watts.

LeBrun is also a managing director in Newport Beach and deputy general counsel, with primary responsibility for the firm’s alternative funds and transactions and plaintiff-side litigation. Prior to joining PIMCO in 2005, he was an associate at Ropes & Gray, focused on investment management and private equity-related matters.

Murray too is a managing director in Newport Beach as well as a portfolio manager focused on commercial real estate investments. Prior to joining PIMCO in 2009, he structured US real estate transactions at JER Partners. Before that, he was in commercial real estate development and construction and also served for three years as a combat engineer officer with the US Army.

Lastly, Stafford is a managing director in Newport Beach and global head of the consultant relations group. Stafford joined PIMCO in 2000 and most recently led the firm’s talent management initiatives as global head of human resources. Previously, she was a member of PIMCO's executive office, an account manager in the consultant relations group and an analyst in the trade compliance group.

Capital Network, which describes itself as an online marketplace, brought in industry expert Hannah Shaw Grove as senior vice president and chief marketing officer. Grove has over two decades of experience as a family office consultant and private wealth strategist as well as a marketer, author and media personality, iCapital Network said. Before founding her consultancy in 2006, Grove spent 16 years in investment management in leadership roles at Merrill Lynch & Co, Prudential and Fidelity Investments, among others. She is a member of the Hedge Fund Association’s High Net Worth Advisory Board and the former chair of the Investment Company Institute’s Research Committee.  

UBS Wealth Management Latin America and Caribbean appointed a new leader in the shape of Alexander G van Tienhoven, a former top-ranking manager at Citi, where he held roles including at its private banking arm. He will be based in Zurich and will report, as the LatAm group's managing director, to Paul Raphael, who leads the division's global emerging markets business.

Van Tienhoven took over from Gabriel Castello, who took the helm of WM Europe International at UBS on March 1, reporting to Jakob Stott, head of WM Europe. The new LatAm/Caribbean boss at UBS is widely regarded as one of the most senior and experienced wealth management executives in the Latin American market. He joined from Citi, where he had a 27-year career, most recently as chief executive Latin America for Citi Wealth and Investment Management. He previously acted as the region president for Citigroup Private Bank in Latin America. He will work with Rick Gonzalez, head of UBS Wealth Management Americas International.

The role means van Tienhoven is responsible for a region covering the following countries: Brazil, Mexico, Bahamas, Argentina, Uruguay, Paraguay, Chile, Peru, Bolivia, Venezuela, Ecuador, Colombia, Guyana, Central America and the Caribbean. In his previous role as chief executive of Citi Wealth and investment management in Mexico and Latin America, he was responsible for Citi Private Bank, Citigold Private Client, Banamex Banca Privada & Patrimonial, Citigold International and International Personal Banking. He was also responsible for the asset management, brokerage, retirement, insurance and the trust businesses. From 2000 to 2015, he was managing director and general manager of Citi Private Bank, Mexico. In 2002, van Tienhoven was given the mandate to integrate the Banamex Private Bank into the Citi Private Bank. From 1996 to 1999, he served as vice president and general manager of Citibank Portugal and was a member of the management committee of Citibank Spain.

After a 28-year career at Morgan Stanley, its chief financial officer, Ruth Porat, is leaving the firm to take on a new role at Google in Silicon Valley. Porat will become CFO at Google on May 26, reporting to its chief executive and co-founder, Larry Page. During her time at Morgan Stanley, Porat led the tech banking franchise during the internet boom; led the financial institutions group banking team during the financial crisis; and then became CFO.  

She will continue working at the US-listed firm until the end of April and will be succeeded by Jonathan Pruzan, currently co-head of the global financial institutions group in investment banking. Pruzan joined in 1994 and has served on the Morgan Stanley/MUFG steering committee since 2013. As well as continuing with that, he will also join the firm’s operating and management committees.

SimCorp, a provider of investment management solutions and services for the global financial services industry, appointed Scott Johnson as vice president and head of sales for North America, based in New York. Johnson was most recently vice president of business development at Sapient Global Markets and before that, led North American sales for package integration at Capco, a global business and technology consultancy.

The chief operating officer of HSBC Bank Canada, Sandra Stuart, was named as the firm's new president and chief executive, effective June 1, 2015. Stuart will succeed Paulo Maia, who was appointed as CEO of HSBC Latin America – a role he takes up on July 1, 2015. Maia is a group general manager of HSBC Holdings; was CEO of HSBC Bank Australia before leading the bank in Canada; and, before that, was deputy CEO of HSBC Bank Brazil. He was appointed as CEO of HSBC Bank Canada in 2013. 

Stuart joined HSBC in 1982 and has served as COO of HSBC Bank Canada since 2010. The firm told Family Wealth Report that a replacement for Stuart in the COO role will be named in due course and that Paulo is replacing Antonio Losada, who is retiring from the role after a 40-year career with HSBC.

Meanwhile, effective April 30 (and subject to required approvals) Jason Henderson, executive vice president, managing director and head of global banking and markets, has been appointed to HSBC Bank Canada's board of directors.

LPL Financial promoted its director of compliance and brokerage chief compliance officer, Sharyn Handelsman, to managing director. LPL, a custodian for registered investment advisors, said Handelsman’s promotion was in recognition of the success of the firm’s compliance function under her lead. Handelsman will continue to report to LPL's chief risk officer and managing director, Michelle Oroschakoff. Handelsman joined LPL - which has $475 billion in retail assets - in 2010. She was appointed as director of compliance and brokerage chief compliance officer in January 2014, at which time she also assumed responsibility for the combined brokerage and advisory compliance functions within LPL's governance, risk and compliance business. Handelsman was previously executive vice president of business risk management for the firm’s GRC function.

GenSpring Family Offices brought in Christopher Battifarano as director of research to oversee the firm’s manager evaluation process, with a focus on alternative investments. He will be based in Jupiter, FL. Battifarano rejoined GenSpring having previously spent ten years working at the firm in roles including senior portfolio strategist. He also chaired the manager selection committee and played a contributing role on the portfolio allocation and construction committees. Prior to returning to GenSpring, Battifarano was chief investment officer and a partner at Palm Equity, a single family office that he helped develop into a multi-family office.

The head of Wedbush Securities’ private client services group, Wes Long, left the firm after nearly 20 years of working there. Long oversaw the firm’s team of some 400 advisors, having joined the California-based firm in 1997 and become head of the private client services group in 2012.

Raymond James recruited financial advisors John Lipari and Richard Ribek at its independent broker-dealer arm in North Palm Beach, FL. The pair operates as the Lipari Ribek Group and will offer services through Raymond James Financial Services. 

The group – which also includes client service manager Elizabeth Carter – joined from Morgan Stanley, where Lipari and Ribek previously managed approximately $250 million in client assets.

Lipari, portfolio manager, began his career as a financial advisor 32 years ago at Merrill Lynch. He became managing director at First Manhattan Company in 1992 before joining Morgan Stanley Smith Barney in 2002 as first vice president/senior portfolio manager.

Ribek began his financial services career 16 years ago at American Express, where he worked as a financial planner. In 2005, he joined forces with Lipari at Morgan Stanley Smith Barney, where he served as a second vice president.

Carter joined Lipari and Ribek in 2007 while at Morgan Stanley Smith Barney. Prior to that, she worked as an operations manager at Singer Asset Finance and as an associate project manager at Nortel Networks.

In a move to build on the strong connection between its two biggest areas of business, Morgan Stanley made senior appointments within its leadership team. “Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture and enhances our ability to deliver the entire firm for the benefit of our clients,” said James Gorman, chief executive at the firm.

Raj Dhanda, currently co-head of global capital markets, will become head of investment products and services in wealth management, reporting to Gregory Fleming, president of Morgan Stanley Wealth Management.

Andy Saperstein, currently head of investment products and services, will become co-COO of the institutional securities group. Saperstein joined Morgan Stanley in 2006 as COO of national sales in wealth management and later served as head of field management and US private wealth management before taking up his current role. He will continue to sit on the operating committee.

Mo Assomull, currently co-chief operating office of the institutional securities group, will become co-head of global capital markets, along with Dan Simkowitz.

Meanwhile, Clare Woodman, co-chief operating officer of the institutional securities group, has been appointed to the operating committee, while Mandell Crawley, head of marketing, and Kathleen McCabe, join the management committee.

Rothschild Asset Management, the US asset management business of the Rothschild Group, appointed Michael Woods as chief executive. Woods is the former head of the Americas/global client group at Deutsche Asset & Wealth Management and CEO of DWS. Woods is understood to have replaced T Radey Johnson  – a role he held since 2000. Rothschild declined to confirm.

Meanwhile, Daniel Oshinskie will continue as chief investment officer and will report to Woods. Michael Tamasco, current co-head of the US business and global co-head of distribution has “decided to seek a new challenge,” the firm said.

BNY Mellon appointed Donald Wright as a senior wealth director within its Washington, DC, wealth management office. Wright will report to regional president, Susan Traver. In the greater DC market, BNY Mellon has been expanding its wealth management capabilities since late 2011 when it moved from Bethesda, MD, to new offices in DC. Prior to joining BNY Mellon Wealth Management, Wright was a regional vice president at Fisher Investments, focused on high net worth clients. Before that, he was a relationship manager at PNC Wealth Management.

Signature Bank added a three-person private client banking team in White Plains, NY, while also opening a new private banking office in Greenwich, CT.

Concurrent with the office launch, an existing three-person banking team led by group director and senior vice president, Thomas Mooney, relocated to Greenwich. Mooney and his team have been temporarily working in White Plains since joining the bank in March 2014.

Nicholas Melendez, named as group director and senior vice president, heads the newly-appointed White Plains team. Melendez spent the past 15 years at Wells Fargo and its predecessor banks. He was joined by Keston Williams, associate group director, and Sheraz Muhammad, senior client associate – they are latterly of Citibank and Wells Fargo respectively. While Melendez and his team settle into White Plains, Mooney and his team relocated from there to the new Greenwich office.

Bank of America's US Trust channeled more resources to its philanthropy and family office service efforts by appointing Ann Limberg to head up these areas in a newly-created role at the firm. The philanthropy and family office lines were previously overseen by US Trust's chief fiduciary executive, Chris Heilmann, whose role entails responsibility for trust offices and family wealth services. The new post -  head of philanthropic solutions and the family office - is a dual leadership position created because the firm sees significant opportunity in these fields. Limberg will report to Keith Banks, president of US Trust.

As head of philanthropic solutions, she will oversee strategic, fiduciary and administrative services aimed at helping individuals and families manage their philanthropic capital. She will also lead US Trust’s direct engagement with non-profit organizations, overseeing areas including investment policy, governance, board and staff education. Meanwhile, in her family office role, Limberg will oversee US Trust's wealth management offering for multi-generational families, while directing the practice’s coordination with clients' advisors.

Limberg has worked at Bank of America since 2004 and was latterly US Trust's Northeast division executive, spanning 20 offices in nine states. Previous posts she has held include regional executive focused on the New Jersey, Pennsylvania and Delaware markets - while simultaneously serving as New Jersey state president for Bank of America. During her career, she has also worked at Fleet   Boston Financial, NatWest and Citibank. Limberg's former role as US Trust's Northeast division executive was taken over by Lisa Carnoy, who was appointed as division executive for the Northeast and Metro New York areas - see here.

As part of its plan to grow in the Southwest and indeed across the US, BNY Mellon Wealth Management hired Tony DePasquale as vice president and senior director for business development in Las Vegas, NV. DePasquale, who will report to regional president Bob Martin, was previously president at Elysien Private Wealth & Real Property. Before that, he was a financial advisor at Merrill Lynch and, earlier, with AXA Advisors/The Equitable.

Pilar Pettys was hired as a vice president and wealth management advisor at US Bank's Private Client Reserve in Los Angeles, CA. Pettys has worked in the banking and financial services industry for over 25 years and was latterly a vice president and high net worth relationship manager at Comerica Bank.

The president of Ameriprise Financial’s Personal Advisors Group, Donald Froude, stepped down. The move was part of a transition that has been in the works for the past year and Ameriprise is not filling the role. Froude, who joined in 2008, is however going to remain at the firm, working on field initiatives and projects. Meanwhile, Pat O’Connell will continue to lead the firm’s employee advisor channel, and Bill Williams will head the firm’s independent advisor business – both reporting to chairman and chief executive, Jim Cracchiolo.  

The Texas-based multi-family office and wealth management firm Sentinel Trust Company hired Charles Grosvenor as senior vice president and senior investment advisor.

Grosvenor joined after almost 20 years at US Trust/Bank of America Private Wealth Management, where he was senior vice president, senior portfolio manager and market investment director. At Sentinel, Grosvenor will lead the investment advisory group, managing investment planning and asset allocation.

The integrated family wealth group at Wilmington Trust welcomed two new senior wealth managers. Both joining in the eponymous Delaware town, Michele Ahwash and David Ford took on the role of senior relationship managers, providing wealth management advice to high net worth individuals, families, business owners and foundations, the firm said in a statement. Wilmington Trust confirmed to this publication that these are newly-created roles.

Ahwash previously served as a relationship manager at Tiedemann Trust Company, looking after ultra-high net worth clients, and also was a trust officer at Bryn Mawr Trust Company earlier in her career. Ford moved from business consultancy firm Strategy House, where he most recently served as principal.

---

Fiduciary Trust Company International hired Wells Fargo's Emma Sobol as managing director and trust counsel. Sobol will be based in New York City and joined from her position as senior wealth planning strategist at Wells Fargo Private Bank, where she developed estate plans for high net worth individuals and families. She is a member of both New York and California state bars.

BNY Mellon Wealth Management appointed Brian Seidman as regional managing director on Long Island, NY - a move that is part of the firm's two-year growth drive in top US wealth markets. Seidman will report to director Robert Schwerdel, who leads BNY Mellon Wealth Management's Tri-State region. He spent the last 12 years in leadership roles at US Trust/Bank of America and was most recently focused on developing investment solutions for client portfolios across all market segments. Earlier, Seidman was a senior investment strategist at Julius Baer Investment Management and chief investment strategist at JP Morgan’s global private bank.

LPL Financial strengthened its research team with the hire of two strategists in North Carolina and Massachusetts.

In Charlotte, NC, Tim Knepp became executive vice president, chief investment strategist and chief wealth officer. In this role he will oversee and deliver the firm’s investment solutions and portfolio construction for high net worth clients and independent advisors alike, as well as providing tactical guidance and research report.

Matthew Peterson meanwhile became senior vice president and chief wealth strategist, operating from LPL’s Boston, MA, office. He will develop investment analysis tailored to financial advisors as well as growing the firm’s wealth platform, LPL said in a statement.

Both will report to Burt White, managing director and chief investment officer of LPL.

Knepp moved from Savos Investments, where he held the post of senior vice president and chief investment officer. During his 25-year career focusing on multi-asset class investment management, he has also held positions at Genworth Financial and GE Private Asset Management.

Latterly of GM Advisory Group, where he served as director of strategy and research, Peterson has been in the investment business for the past 20 years. He founded advisory firm Lydian Wealth Management earlier in his career, a predecessor to Fortigent, which was later acquired by LPL in 2012.

Baird added six financial advisors to its private wealth management group in Fort Worth and Houston, TX, and to Cincinnati, OH.

The firm added industry veteran Barbara Woolhandler as director, financial advisor, in its Houston-Galleria wealth management office. She brings more than 30 years of financial industry experience to the role. Woolhandler previously worked at Morgan Stanley, and had been a financial advisor there since the firm merged its wealth management business in 2009 with Citigroup. Prior to that, she had been with Citigroup since 1996. Woolhandler began her career in the industry in 1986 with the former brokerage firm Rotan Mosle.

In Fort Worth, Baird added The GCE Group, to its office which now includes 25 wealth management professionals. The team joined from UBS Financial Services.

The GCE Group includes financial advisors Rebecca Gadus, senior vice president; Jeffrey Carroll, VP; and Tyson Eubanks, VP. The team is joined by Senior Client Specialist Sheri Burns. 

Gadus started her career in the financial services industry in 1992 with the former brokerage firm JC Bradford, staying there through its acquisition by Paine Webber in 2000. She then moved to Wachovia Securities in 2001 before joining UBS in 2004.

Prior to joining UBS in 2004, Carroll was a financial advisor with Wachovia and Merrill Lynch, where he began his career in 1992. Eubanks began his career as a financial advisor in 2008 with UBS.

Finally, the firm appointed Richard “Trey” Tapke III – director, financial advisor and Julie Dusing, financial advisor, to its Cincinnati office.

Barclays hired Macquarie Bank's Jay O'Neil as managing director and regional manager for wealth and investment management in Los Angeles. O'Neil, who has over 14 years' experience in the wealth management industry, joined from his position as head of private bank at Macquarie Bank. He was formerly at Merrill Lynch, where he supervised a team of financial advisors supporting clients across 92 countries. In his new role, O'Neil will implement and develop Barclays' strategy in Los Angeles. He will report to Bill Scherr, Barclays' managing director and West Coast regional head.

BNY Mellon hired Wells Fargo's David Weisberg as vice president and private banker within its expanding Pittsburgh wealth management team. The new addition came as part of the firm's two-year initiative to boost its business development and investment team. Weisberg joined from Wells Fargo Bank, where he managed relationships with high net worth clients as senior vice president and senior private banker. In his new role, Weisberg will report to managing director and head of private banking solutions, William Johnston.

Raymond James & Associates, the traditional employee broker-dealer of Raymond James Financial, recruited financial advisors Douglas Richards and Sheldon Ray in Washington, DC. Tom Galvin, North Atlantic regional director at RJA, said the firm is committed to expanding its presence in the mid-Atlantic and Northeast regions.  

Richards and Ray joined from Morgan Stanley, where they managed $150 million in client assets and had an annual production of $1.9 million. Operating as R&R Global Asset Management of Raymond James, they both serve as senior vice presidents of investments and portfolio managers. Joining Richards and Ray will be senior registered client service associate Karen Burt. Burt started her career in 1998 at Merrill Lynch, moving to Morgan Stanley in 2008 to join R&R. She oversees the operational and client service aspects of the group.

A new financial technology firm called Private Wealth Systems was created by the former president of WealthTouch, which was acquired by Archway last November, and an expert in the client reporting space. Based in the fintech hub of Charlotte, NC, Private Wealth Systems is led by Craig Pearson, chief executive, and Joanne Frawley, executive vice president.

Financial advisor Bobby Debbs and his six-person advisory team joined Merrill Lynch's Palm Beach, FL, office from UBS. Debbs' team includes: senior vice president Frederick Shapiro; assistant vice president Steven Colamarino; first vice president Albert David Hutzler; and three client associates. Debbs, senior vice president of wealth management, will report to James Chahine, managing director and head of Merrill Lynch's Palm Beach complex. Serving corporate executives and ultra high net worth clients, Debbs and team have more than $500 million of client assets under management. The team’s production was $3.1 million last year.

Evercore Wealth Management added John Sawin as a vice president and financial advisor in San Francisco, CA. Sawin has spent five years as an investment banker in the global technology group at Barclays, serving on teams that underwrote IPOs. He earlier worked at Lehman Brothers in New York as an investment banking analyst in the global industrials group. In his new role, he will report to Iain Silverthorne, a partner and wealth advisor at Evercore Wealth Management.

Philadelphia, PA-headquartered Janney Montgomery Scott, a full-service wealth management, financial services and investment banking firm, named Larry Richards as branch manager of its West Chester, PA, office. Richards, who joined Janney in March 2012 as vice president of investments, replaced Mark Rudiger, who has been branch manager since 2006. Rudiger will remain at Janney as a financial advisor and senior vice president of investments.

LPL Financial, the independent broker-dealer and RIA custodian, appointed its current chief financial officer, Dan Arnold, to president, succeeding Robert Moore, who is becoming chief executive at Legal & General Investment Management America.

Meanwhile, Tom Lux was named as acting CFO while LPL searches for a successor, and Andy Kalbaugh and Bill Morrissey were promoted to the roles of divisional presidents of institution services and independent advisor services, respectively. Kalbaugh and Morrissey will report to Arnold. These are new titles, LPL confirmed.

Prior to becoming CFO, Arnold served as managing director and head of strategy for the firm. He previously served as divisional president of LPL's Institution Services business, after 12 years of leading UVEST, a broker-dealer that was acquired by LPL in 2007.

Lux joined LPL in 2009, holding several positions in LPL's finance organization, including executive vice president and chief accounting officer. With 30 years of accounting experience, Lux has held leadership roles with National Financial Services, Wachovia Securities, Everen Securities and Deloitte and Touche.

RBC Wealth Management named Wally Chapman as director of its 142-person Minneapolis, MN, complex. Chapman, currently branch director of RBC Wealth Management’s Edina, MN, office, succeeded Kevin Ketelsleger, who has served as Minneapolis complex director since 2002. 

RBC said client assets in the Minneapolis complex, which includes branches in Minneapolis, Minnetonka and Wayzata, have grown by 75 per cent over the past five years. Chapman passed on the leadership baton of the Edina branch to Tom Schulenberg, who had led the Wayzata office since 2005.

RBC traces its Minnesota roots to 1909, when Kalman & Co was formed in St Paul. It evolved over the years to become Dain Rauscher and was acquired by Royal Bank of Canada in 2000.

Veris Wealth Partners recruited Jane Swan from Northern Trust as a senior wealth manager, based at its San Francisco, CA, headquarters. Swan, who has over 15 years of experience in private wealth management, specializes in creating impact investing strategies for individuals, families and foundations. She was latterly a portfolio manager and vice president at Northern Trust, where she has worked for 15 years and served on several committees including those of corporate social responsibility, task force, women in leadership and the LGBT advisory team.

The executive search firm Sheffield Haworth brought in Christopher Smailes as an executive director of asset management in New York. Smailes previously worked at Eban International, a global executive search boutique focused on asset and wealth management, investment banking and capital markets. At Eban, he worked with global banks and investment firms across London and New York, relocating to Hong Kong in 2008 to oversee asset management. Smailes started his career in 2002 at FSS, a search boutique serving asset management and investment banking clients in London.

---

Cambridge Trust Company appointed Denis Sheahan as president and chief executive. He succeeded Joseph Roller, who previously announced his intention to retire in mid-2015. Sheahan is currently chief operating officer of Independent Bank, the parent company of Rockland Trust Company. He served as chief financial officer of Rockland Trust from May 2000 until assuming the COO role in September 2013.

Morgan Stanley Wealth Management's head of strategy and client management, Doug Ketterer, is leaving the firm. 

It is unclear when exactly it is that he is expected to leave. Ketterer has worked at Morgan Stanley for 25 years and was a member of the leadership team that led the Morgan Stanley Smith Barney joint venture. He has also served as head of field management and private wealth management. Earlier in his career, Ketterer managed Morgan Stanley's investment products and services organization. In his most recent role as head of strategy and client management, he focused on shaping the firm's approach to client segments, engagement, platforms, acquisition and retention.

BNP Paribas subsidiary Bank of the West hired four client-facing executives within its Denver, CO, wealth management team, which is led by Peter Bernstein.

Jody McNerney, Spencer Thomas, Jeremiah Matthews and Robert Neubauer all joined as vice presidents and senior private client advisors.

McNerney will work with affluent and high net worth clients in Denver and the surrounding mountain communities, providing services in banking, trust, investment management, retirement and estate planning. Most recently, he was vice president of commercial banking at Colorado Business Bank, serving clients in the healthcare and non-profit sectors.

Meanwhile, Thomas will be based in the northern Colorado and Eastern Plain branches. He has around ten years of experience in the financial services industry and was latterly a senior private banker at Wells Fargo.

Additionally, Matthews has joined Bank of the West’s east Denver metro private client services group with eight years of experience in the financial sector. He was previously a senior wealth advisor assistant at Bancwest Investment Services, Bank of the West's affiliated broker-dealer.  

Lastly, Neubauer, who will focus on the south metro Denver area, has over 20 years of experience working in retail banking, mortgage banking and wealth management. He was latterly a vice president serving high net worth and affluent clients at Vectra Wealth Management.

Andersen Tax hired Brad McKinney as a managing director within the private client services group in New York City. McKinney was previously a partner at Raich Ende Malter & Co in the firm’s private wealth services group. He specializes in providing consulting services to high net worth individuals, fiduciary and estate planning, and multi-generational family income tax planning, global tax planning and wealth transfer services. Before that, he was a partner with a regional accounting firm, and has also held advisory positions at PwC.