A roundup of senior moves and appointments in wealth management from around the world.

International, UK, Europe
Jersey Finance has recruited wealth management specialist Rufaro Mucheka. Mucheka spent 14 years in various strategic roles at Nedbank Wealth Management in South Africa, most recently as head of partnerships and strategic projects. She is based in Johannesburg.

Brewin Dolphin appointed Alice Farrer as an investment manager within its London Charity team. She joined from Sanlam Private Wealth where she was an investment manager and deputy chair of the Bespoke Ethical Committee.

Climate solutions non-profit The Global Returns Project added three experts to it advisory and trustees roster. The group appointed TT International veteran Mike Jennings as a trustee; global head of funds/ETFs and manager selection at HSBC Wealth and Personal Banking. Sai K Tampi joined the advisory board; and climate science professor at University College London, Chris Rapley CBE joined the technical advisory board.

The Association of the Luxembourg Fund Industry (ALFI) re-elected Corinne Lamesch as its chair following its annual general meeting. This is Lamesch's second mandate, running for two years. In addition, a new board of directors was been elected.

Following the recent departure of general counsel Sean Martin, the Financial Conduct Authority appointed David Anthony Scott as interim general counsel and Raj Parker as a senior legal advisor. Scott was most recently a litigation partner at Freshfields before retiring from the firm in October 2020. He specialised in High Court litigation and regulatory investigations and proceedings at the firm, with a client roster of investment and retail banks, life and general insurance companies, and asset managers. The director of enforcement, Daniel Thornton, who was named deputy general counsel, will support Scott.

French asset management house Carmignac appointed Mario Cuccia as director. Cuccia spent most of his career in Italy’s financial sector, holding prominent positions in several institutions. He was general manager at Banca Fideuram before joining the Allianz Group in Italy, where he was GM and also chief executive and chairman of the board of directors of its banking subsidiary, Allianz Bank. Cuccia is chairman of the board of directors of Italian life insurer Eurovita Holding and Eurovita SpA, and advisor of MoneyFarm’s board of directors, a UK digital wealth management platform.

Financial advice tech firm Intelliflo named its first chief product officer, Blake Kannady, and Geoff Rogers as its first head of Australia to support arrival and growth in the Australian wealth management market. Kannady was previously at Envestnet, where he led product design, development and strategy for the firm's next-generation platform and user experience, as well as integrations with other third-party software partners and products. He also held several leadership positions in the wealth management arm of Bank of America Merrill Lynch.

Swiss-listed asset manager, GAM Investments, appointed Wendy Chen as a senior investment analyst and Pieran Maru as an investment analyst on the disruptive growth team led by Mark Hawtin. The posts are in Hong Kong and London.

Chen, who specialises in the global internet sector, joined from Welight Capital, a family office set up by a founding partner of Tencent. She also spent five years as an analyst at Goldman Sachs focused on China online entertainment equity research. Maru joined the team internally after spending five years in GAM’s compliance division. 

GAM also hired Nicholas Tan as associate director. Tan, who is based in Singapore, reporst to Terence Bong, head of Singapore. Tan joined GAM from Capital International, where he spent three years as part of the business development team. 

Fenergo, which provides know-your-client and client lifecycle management software for financial institutions, named Stella Clarke as chief strategy and marketing officer and Alan Molloy as chief product officer. Clarke has worked in banking technology, operations and enterprise financial software roles in capital markets, wholesale banking and fintech firms across Asia and Europe. She most recently worked at Murex where she spearheaded a strategic global marketing practice. Clarke previously worked in numerous roles at DBS Bank in Singapore.

London digital hedge fund manager Nickel Digital Asset Management hired another ex-Goldman alumnus, Henry Howell, as head of business development. Howell spent nearly two decades in hedge funds, derivatives, and electronic futures sales. He joined from London-based macro hedge fund Eisler Capital. Before that, he spent 16 years at Goldman Sachs in Chicago and in London as managing director in the prime services business unit, where he headed listed and OTC derivatives sales and global electronic futures.

HypoVereinsbank appointed Nasim Amini as head of wealth management and private banking at HypoVereinsbank in Munich. Prior to this, he headed wealth management at Commerzbank in Hamburg. Amini reports to Markus Gröbel and Peter Hoffmann.

Columbia Threadneedle Investments appointed Tom Elviss as a fund manager in its real estate team. Elviss is a dedicated manager for a £630 million ($878.2 million) fund for a large institutional client. He reports to James Rigg, chief investment officer, real estate.

Pictet named two new managing partners, taking effect from 1 September. Elif Aktu and François Pictet are the 44th and 45th managing partners in the 216-year history of the firm.

Aktu has been with Pictet since 2011 as the lead fund manager of Pictet Asset Management’s Agora, a €2.5 billion ($2.97 billion) European equity strategy. Aktu grew up in London, Ankara and Paris. She received her bachelor’s degree from the Institut d’Etudes Politiques de Paris and later a master’s in business administration from the Stanford Graduate School of Business.

François Pictet joined the firm in 2015 as part of the Pictet Investment Office, the ultra-high net worth investment arm of Pictet Wealth Management with more than SFr23 billion under management. At PIO, he managed the private equity portfolio and the department in Geneva, while also overseeing the multi-asset portfolios of clients. Before joining Pictet, he worked at the private equity firm AEA Investors in London. 

Alternative investment specialist Crestbridge hired Ross Thomson as director, head of funds services for Luxembourg, to help support the expansion of its European fund service offering. The firm said that assets under administration and team size have doubled in Luxembourg during the last year. He was previously COO for Carne Global Fund Managers Luxembourg, responsible for the daily charge of running the management company and the AIFM. 

Waverton Investment Management appointed Sasha Dabliz as head of marketing in order to position the firm for further growth. She joined from Schroders. 

HSBC Asset Management appointed Taras Pushak as portfolio manager for its emerging markets debt investment team. Based in London, Pushak reports to Bryan Carter, head of global emerging markets debt. 

In a newly-created role, HSBC Private Banking appointed Victor Wang as EMEA head of Asia coverage and connectivity for Asia to support Asian clients' wealth management needs in EMEA. A 20-year veteran of the bank, Wang is based in London and reports to interim head of international, private banking for the UK Shailesh Jaiswal, and Ivan Wong, interim market head for North Asia. Wang joined from China Global Banking (GB) division, where he was most recently head of the China Desk for the UK, Continental and International Europe. 
 

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Quilter, the UK wealth manager, appointed Tosin James-Odukoya as its new head of inclusion and wellbeing. Tosin succeeded Kate Richardson who, having set the strategy for I&D after the listing of the business, left to pursue studies at the London School of Economics. Prior to joining Quilter, James-Odukoya was global lead of inclusion and diversity (I&D) at the mobile operator trade body, GSMA. Her experience also includes HR roles at Alexander Mann Solutions, the New York Stock Exchange and HSBC.

Quintet Private Bank-owned Brown Shipley appointed UBS veteran Kath Cates to chair its board of directors. She replaced Quintet chair Rory Tapner, who was interim chair at Brown Shipley. Cates served on the boards of several financial services companies, including Brewin Dolphin. She also sits on boards at Columbia Threadneedle Group; wholesale intermediaries firm TP ICAP; Northwest water utility United Utilities Group and, until recently, the Royal Society of Arts.

C Hoare & Co., one of the world’s oldest banks, appointed Diana Brightmore-Armour as its chief executive. She took over from Steven Cooper, who left near the end of 2020. Brightmore-Armour, who joined the bank as a non-executive director in January 2020, has 30 years’ international experience in banking and corporate finance. Most recently she was CEO for the UK and Europe for Australia & New Zealand Bank. Before that, she served as CEO of corporate banking at Lloyds Banking Group working in a range of senior finance and treasury roles at The Coca-Cola Company. She also serves as the senior independent non-executive director of The Berkeley Group Holdings. She spent the bulk of her executive career at UBS, where she was global head of compliance and general counsel. 

Following sustained growth, research and investor relations consultancy Edison Group appointed Andy Murphy as director of industrials and financials; James Magness as director of energy and renewables; and Luke Crowson and Lin Li as business development managers.

Lombard Odier Investment Managers named Selina Tyler as head of UK Wholesale, part of bolstering the firm’s sustainable product offering in the UK market. She joined in London from Mirabaud Asset Management, where she was head of wholesale, reporitng to European head of sales Jonathan Clenshaw. Tyler spent six years as a UK sales director at Hermes Investment Management and five years at Man Group.

Tilney Smith & Williamson appointed Chris Littlefair as a financial planner based in West Sussex. Littlefair has worked in the sector for more than 30 years.

Allianz Global Investors appointed Virginie Maisonneuve as its new global chief investment officer for equities. She succeeded Steve Berexa, who had been global CIO for equities since 2015 and had worked at the firm for 24 years. Maisonneuve, who is based in London and has moved from Singapore, reports to Deborah Zurkow, global head of investments at Allianz Global Investors.
 

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CRUX Asset Management, the equities investment firm, appointed Baillie Gifford’s Asia investment manager, Ewan Markson-Brown, to lead the firm’s expansion into Asia with two new equity strategies. He was responsible for managing the Baillie Gifford Pacific Fund. From 2014, he was also lead manager of the Pacific Horizon Investment Trust.

GAM Investments appointed Walid Bellaha to join its global credit team, with a focus on its Asian income and diversified income bond funds. Bellaha is based in Zurich. He previously worked at Moody’s, Barclays and most recently at Bank Safra Sarasin where he was director of emerging markets credit.

Grégoire Bordier, managing partner with unlimited personal liability at Bordier & Cie, was named chairman of the Association of Swiss Private Banks.

Edmond de Rothschild named senior industry figure François Pauly as group chief executive. He previously served as a member of the boards of directors of Edmond de Rothschild (Suisse) and of its Luxembourg subsidiary. Pauly’s nomination was planned for and followed Vincent Taupin’s desire to retire.

Pauly spent his career in the financial sector, occupying various international and management positions. From 1987 to 2004, he served in senior management positions within the Dexia banking group in Luxembourg, Italy, and Monaco. In 2004, he joined Bank Sal Oppenheim in Luxembourg as CEO and became general manager of Sal Oppenheim jr & Cie. SCA where he was appointed to the board of directors of the group’s subsidiaries in Switzerland, Austria, and Germany. In 2011, he joined Banque Internationale à Luxembourg (BIL) as CEO and then as chairman of the board of directors until 2016. 

 

Rathbone Investment Management appointed Scott Lothian as an investment director in Edinburgh. Prior to joining Rathbones, Lothian spent a decade at Brooks Macdonald as a senior investment director and head of the firm’s AIM portfolio service. He also spent time as a senior investment manager at Adam & Company.

Fixed income specialist BlueBay Asset Management appointed Michael Wolfram as head of institutional sales for Germany and Austria based in Munich. He reports to head of Northern Europe, Viola Patock. Most recently Wolfram was director for Germany, Austria and Switzerland at Munich-based bfinance, where he focused on business development and managing the firm’s pension, insurer, church and endowment clients.

Lombard Odier appointed Edouard de Saint Pierre to lead the Geneva-based private bank’s office in France. He replaced Joëlle Pacteau, who moved to a new role. De Saint-Pierre focuses on accelerating growth in the client base, with a particular emphasis on technology and digital entrepreneurs, international families and Millennials. He joined Lombard Odier in 2018 following a 12-year career at UBS and JP Morgan, which included spells in Geneva, Zurich and London. 

BNY Mellon Wealth Management appointed Barry Halpin as regional director in London, UK. Halpin, who started on 1 June, reports to Chuck Long, head of international wealth management. Halpin has more than 30 years' experience in the financial services industry and spent half of his career at BNY Mellon. Prior to this role, he was the head of EMEA Service Directors within BNY Mellon Asset Servicing from 2019 to 2021 and, before that, head of UK Service Directors since 2013.

French asset manager La Financière de l’Echiquier (LFDE) appointed former head of wholesale at Lombard Odier, Alexandre Sauterel, as country head for Switzerland to bolster business in the German-speaking Swiss market.

Based in Zurich, Sauterel reports to LFDE chief executive Bettina Ducat and works in tandem with deputy country head Benjamin Canlorbe, who supports the French-speaking segment of the Swiss market for the French asset house. The 20-year veteran of the Swiss wholesale international market spent the past four years as head of wholesale and gross fixed investment for Lombard Odier Investment Management based in Zurich.

Coutts appointed Sharmila Nebhrajani as a non-executive director. She is a biomedical scientist and chartered accountant, with extensive senior experience across a breadth of industries including media, technology, healthcare and not-for-profit agencies. 

ABN AMRO confirmed that Lars Kramer was appointed as chief financial officer, after having received approval by the European Central Bank. Kramer's appointment is for a term of four years.
 

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Asia-Pacific
Hong Kong Exchanges and Clearing appointed Adam Singer as HKEX group chief compliance officer. Singer works across HKEX to lead, and oversee, the group’s compliance function. He reports to Richard Wise, group chief risk officer. Prior to this, Singer was managing director, head of core compliance and operational risk, Asia-Pacific at JP Morgan, responsible for all central compliance functions. Previously, he worked in regional leadership roles within the equity sales and research division of JP Morgan.

 

Credit Suisse appointed former Deutsche Bank senior figure Malcolm Tay as deputy market group head and market leader for Indonesia, a newly-created role. Tay is based in Singapore, reporting to Johanes Oeni, market group head Indonesia. With more than 30 years of wealth management experience, Tay joined from Deutsche Bank Wealth Management, where he worked for 18 years, most recently as group head for Southeast Asia. Previously, he served as a client relationship manager at Merrill Lynch. Before this role, Tay was with Citi Private Bank as co-head, Indonesia Onshore Private Bank, for 10 years.

It also recruited: 
-- Arleen Sy joined the Philippines market as a senior RM based in Hong Kong; 
-- Klara Chan joined the private banking South Asia Switzerland team as a senior expert RM, based in Switzerland; 
-- Voragun Thunyasthukul joined as a senior RM, based in Thailand; 
-- Patchai Suratwisit joined as an RM, based in Thailand;
-- Vaidyanathan Narayanan joined the India market as an RM, based in Singapore; and 
-- Rohit Narayanan joined the India market as an RM, also based in Singapore.

EFG appointed industry veteran Timothy Lo as its North Asia vice chairman. It also hired client relationship officers to join its teams in Hong Kong and Singapore.
Lo reports to Albert Chiu, executive chairman of EFG Bank, Asia-Pacific, as well as with Kees Stoute, North Asia CEO, and Richard Straus, North Asia head of private banking, EFG Hong Kong branch.

With more than 35 years of industry experience, Lo joined from Credit Agricole Indosuez, Hong Kong, where he had served as deputy CEO and commercial head, North Asia, since 2017. During his tenure, he oversaw the management of all North Asia marketing units, including 40 relationship managers. Prior to that, Lo was managing director and head of North Asia for CIC Investor Services.

In Hong Kong, the firm hired eight CROs, including Michelle Wu, who joined the bank as team head and managing director. Wu previously served as private banking team head at Credit Agricole Indosuez, bringing with her 15 years of wealth management experience. She is supported by Ben Chu as MD and Ashis Sengupta and Ernest Cheung as directors. Wu reports to Richard Straus, head of private banking.

EFG’s Singapore branch also hired three CROs. Nobuhiro Sano joined EFG Singapore as a managing director, together with Michael Ting and Yichen Shen. Sano previously worked for Nomura Group, where he had held various management positions since 2001, including head of wealth management and head of China business strategy at its Asian branches. The three CROs, who collectively bring more than half a century of banking experience to EFG, will report to Oliver Balmelli, head of private banking and deputy CEO, EFG Singapore.

Credit Suisse named a new market leader for its Greater China market - John Huang. He has been promoted from his team leader role, reporting to Keng Cheong Lock.

Vanessa Wu stepped up from her role as senior relationship manager to become team leader, reporting to Lock in the interim. Huang started his wealth management career at UBS and joined Credit Suisse in 2010 to help design its onshore operational model, processes, and platform. Before re-joining Credit Suisse in 2018, he was the CEO of Cathay United Bank, Private Banking Taipei.

Wu joined Credit Suisse in 2015. Previously, she was with UBS (in both wealth management and investment banking) in Taiwan for over 15 years, where she focused on UHNW client solutions and led their securities platform business.

Azqore, a subsidiary of Indosuez Wealth Management, which specialises in information execution and bank operations, named a chief executive and deputy CEO. Pascal Exertier was appointed CEO, and Stéphane Gomis was named as deputy CEO of Azqore.

Gomis took over Exertier’s previous responsibilities, overseeing the activities of Azqore Business Service, the division dedicated to onboarding new clients to the platform. Gomis joined from Société Générale, where he worked in senior roles in private banking and corporate and investment banking.

Christian Fournier continued his current mandate as Azqore's deputy managing director in charge of IT and banking operations as well as the general secretariat and human resources. 

Offshore law firm Carey Olsen appointed Tiffy Wan as a senior associate in the firm's Hong Kong corporate practice. Wan specialises in a wide range of offshore corporate transactional matters. Prior to joining Carey Olsen, Wan worked for two leading offshore law firms in Hong Kong for seven years and was previously an associate in the corporate department of a US law firm in Hong Kong.

Bank of Singapore appointed former UBS senior figure Paul Chua as its new global head of wealth planning. He took over from Tariq Salem, who concentrates on his role as head of the structured solutions group. Chua, based in Singapore, reports Lim Leong Guan, global head of products.

Sandstone, a UK-based private property investment and management firm, appointed a former top Schroders executive, Simon Lints, as a strategic advisor, based in Singapore. With a focus on building the investment business across the Asia-Pacific region, Lints, who was recently appointed as the Scottish Government Trade Envoy to Singapore, is a prominent and established figure in the wealth management industry in Asia.  Lints was a founding member of the Singapore Scottish Business Association. He has served in senior roles at JP Morgan, Saudi International Bank, Strathclyde Pharmaceuticals, UBS and Credit Suisse. Most recently he was CEO of Schroders Wealth Management business, based in Singapore, responsible for Southeast Asia.

UBS Global Wealth Management appointed former JP Morgan senior figure Edith Chan. She became Greater China head of direct investment group distribution. Chan rejoined the Swiss bank after previously serving in a similar role as its Greater China head of private markets distribution. She was most recently with JP Morgan where she also focused on private markets between 2018 and 2020. Before that, Chan worked with various private banks and asset managers including HSBC Private Bank and Deutsche Bank.

Asia-focused private markets investment house, Prostar Capital, appointed In Ku Kang as an operating partner. Kang, who is based in Seoul, focuses on adding to Prostar’s existing investment footprint in South Korea, where it owns Kyungnam Energy, the largest independent city gas business in the country. Kang most recently served as CEO of Prostar’s portfolio company, Kyungnam Energy. Prior to Kyungnam Energy, Kang served as chief executive at Korea Energy Terminal.

HSBC Bank (Singapore) named Wong Kee Joo as executive director after he was made chief executive of HSBC Singapore. Meanwhile, Winston Ngan, who retired as a partner at Ernst & Young Singapore, was appointed by HSBC Bank (Singapore) as an independent non-executive director. He is also chairman of the audit committee. Wong has more than 26 years of banking experience across different markets including the UK, Thailand, Hong Kong and China. He was most recently, since January 2015, HSBC’s regional head of global payments and cash management (GLCM) for the Asia-Pacific region.

Ngan has more than 26 years of professional services experience, including stints with Ernst & Young (EY) in Singapore and Canada. Prior to his retirement, he led EY Financial Services Assurance practice overseeing 1,300 audit professionals across ASEAN, including Singapore. Ngan was also a member of the EY leadership team managing the financial services assurance practices across Asia Pacific.

Goldman Sachs appointed a Singapore-based relationship manager concentrating on serving ultra-high net worth clients in organisations in Southeast Asia: Pin Duangdee. Duangdee previously worked in a similar role at Citi Private Bank for the offshore Thailand market, based in Singapore (2018 to June 2021). Before that, Duangdee worked as an RM at Credit Suisse for three years, also in Singapore.

Olaf van Duijnhoven, an investment advisor at Standard Chartered Private Bank, resigned from the UK-listed lender. Singapore-based Van Duijnhoven left the bank to pursue another opportunity. Van Duijnhoven joined StanChart in 2011. His remit included coverage of Greater China (North Asia, South East Asia (Malaysia, Thailand, Philippines, Vietnam) and International (Europe and the Middle East), according to his Linkedin profile.

Manulife Investment Management announced that Endre Pedersen, a 22-year veteran of emerging market fixed income, was promoted to a new position as chief investment officer, for global emerging market fixed income. 

It also announced other promotions:
-- Fiona Cheung, previously responsible for the firm’s credit activities in Asia ex-Japan, was promoted to head of global EM fixed-income research; 
-- Don Tucker, head of US fixed-income research, was promoted to head of global developed market fixed-income research; 
-- Joseph Huang was promoted to head of South Asia fixed-income research; and 
-- Nick Pena, managing director, senior credit analyst, US fixed income, was promoted to sector leader of the EM fixed-income research team.

RBC Wealth Management appointed four new senior bankers to serve high net worth and ultra-HNW clients. Vincent Cheng, Ellis Lau, Leo Zhang and Yoon Tae-Jung joined RBC’s relationship management team in Hong Kong. They provide advice and wealth management solutions to clients in the region who have ties globally, especially to Canada, the US and the UK, a segment that RBC Wealth Management refers to as Asia’s global families.

Vincent Cheng and Ellis Lau report to Xygent Chan, who joined RBC as executive director, team head earlier this year. Cheng joined from Bank of Singapore in Hong Kong, where he was a relationship manager. Lau joined from Glory Sun Securities Limited, where he was investment solutions director. 

Leo Zhang and Yoon Tae-Jung report to Shirley Tang, managing director and team head, and Angel Choy, executive director, team head, respectively. Zhang transferred to Hong Kong from RBC in Toronto, where he was in a similar role supporting families with international wealth management needs. Yoon joined from Hope Chain Asset Management in Hong Kong. 

Investment manager State Street announced two newly-created senior leadership roles to head growth strategy in the Hong Kong and Taiwan markets. Pauline Wong was named head of Hong Kong and Ilona Chen as head of Taiwan. They report to chief executive for Asia Pacific, Mostapha Tahiri. Tahiri joined the group last year after a decade in the region working for BNP Paribas. Based in Hong Kong and Taipei respectively, Wong and Chen were promoted to lead regional strategy, developing talent and managing relationships with local government officials and regulators.

Credit Suisse promoted Tammy Tan as team leader for the Thailand and Vietnam market. Tan joined Credit Suisse in 2014, working with ultra-high net worth and family office clients across Southeast Asia. She moved into the investment consulting team overseeing Thailand in 2016. In her new role, she reports to Marcus Slöör, market group head for the Philippines, Thailand and Vietnam. She fills a vacancy left by Urs Brudermann - team head, Thailand, who joined Deutsche Bank as a group head, Southeast Asia. 

Lombard Odier Investment Managers made two senior portfolio hires in global equities. June Chua joined in Hong Kong and Arnaud d’Aligny joined in Geneva. Chua, previously head of Asian equities at Harvest Global, co-runs LOIM’s Asian/EM equities franchise with Odile Lange-Broussy, overseeing around US$2 billion across core high-conviction strategies for emerging markets, Asia, and China, with specific co-lead responsibility for the Asia and emerging markets strategies.

D’Aligny, a portfolio manager for European equities, previously served as partner and lead portfolio manager at Sycomore Asset Management. In his new role, he works alongside Johan Utterman to focus on the pan-European and Swiss equities franchises.

A former employee of Citi Private Bank, who returned to the US bank to take on a senior Asian role, Faye Ong was named head of family office advisory – Asia, and is based in Singapore. Ong has worked in the private banking business for over 16 years with particular expertise and experience in servicing ultra-high net worth individuals and family offices across Asia-Pacific and the Middle East. 

Charles Monat Associates made a number of leadership changes and newly-created senior roles. CMA appointed Berry Wong as Asia CEO in a newly-created position. Wong previously served as CEO for Hong Kong and oversees operations in Mainland China, Hong Kong, Malaysia, and Singapore, leading regional growth plans.

Nikki Koh replaced Wong as CEO of Singapore with oversight of “a strategically important market” for the firm. He continues to serve as group chief commercial officer.

Martin Wong was named group chief business development officer, in another new post, primarily focused on developing onshore opportunities across the regional footprint. The group also promoted Klaus Kiessling to group chief financial officer and Li San Tan to group chief operations officer as part of the succession shake up.

Independent advisory firm Holborn Assets has appointed Greg Miller as managing partner for Asia-Australia and CEO of the business in Hong Kong. Miller has 17 years' experience in the advisory and wealth sector.

Julius Baer appointed former JP Morgan senior private banker Rahul Malhotra as its new head for its Global India and Developed Markets business. Based in Singapore, Malhotra took over from Torsten Linke to lead the onshore and offshore teams. Linke decided to retire.

Malhotra’s group serves clients from the Indian diaspora as well as covering Japan and the Asia team based in Switzerland. He reports to Jimmy Lee, head of Asia-Pacific and member of the executive board at Julius Baer. With more than 30 years of financial sector experience, Malhotra was head of Southeast Asia and previously head of South Asia at JP Morgan Private Bank for 10 years, covering clients in Singapore, Malaysia, Indonesia, Thailand, Australia and NRIs across the regions.

Saxo Markets appointed Richard Douglas as chief executive for Saxo Markets in Hong Kong. Fan Xu, CEO of Greater China, moved to the role of CEO for Saxo FinTech, a joint venture between Saxo and Geely, its majority shareholder. Prior to this, Douglas was chief operating officer and chief information officer (Greater China). Douglas took on responsibility for both Saxo’s Hong Kong and Shanghai offices. Based in Hong Kong, Douglas reports to Adam Reynolds, Asia-Pacific CEO, Saxo Markets. Before moving to Denmark in 2017, Douglas was based in Hong Kong for six years. He has worked in the financial sector industry for more than 18 years, working at investment banks Macquarie, Nomura, Citi and UBS in London, Sydney and Hong Kong.

Patrick Chung succeeded Douglas as COO and CIO (Greater China), reporting to Ashok Kalyanswamy, CIO for Saxo Bank.

As CEO of Saxo FinTech, Xu continued to drive the growth of the Chongqing-based joint venture, building products and services focused on trading technology, social technology and regulatory technology. Echo Zhao, country head of China, left the Saxo Group.

Broadridge Financial Solutions, a US-listed fintech that works with wealth managers, banks and other financial institutions, appointed Ian Strudwick as managing director, head of Asia-Pacific.

Strudwick has 23 years of experience in the financial services and technology sector, and spent more than 16 years in leadership roles for global and regional teams across capital markets, trade finance and business services. He joined from TD Securities, where he was most recently MD and head of global operations and business services for APAC. Based in Singapore, Strudwick reports to Samir Pandiri, president of Broadridge International.
 

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North America
Drawbridge, which provides cybersecurity software and solutions to the alternative investment industry, named Scott DePetris president and chief operating officer. DePetris has more than 20 years’s experience in the fintech space and serves as executive advisor and member of the board of directors of Broadway Technology, board member at Salt Financial and chairman of the Greenwich, Connecticut chapter of the Young Presidents Organization. DePetris was a founding member, president and COO and board member of Portware, a developer of broker-neutral automated trading software for global equities, futures, options and FX. 

 

Waldron Private Wealth appointed hired Renee Kitchens as senior wealth advisor. The firm is situated near Pittsburgh, Pennsylvania. Prior to joining Waldron, Kitchens was a vice president for Citigroup Trust and Comerica Bank. She started her career as an independent attorney and received her J D from Western Michigan University Cooley Law School.

BNY Mellon Wealth Management appointed Crystal Thompkins as head of philanthropic solutions. Thompkins leads and coordinates strategy for all of wealth management's philanthropic services, including individual and family philanthropy, institutional endowments and foundations, planned giving and donor-advised fund services. Based in Greensboro, North Carolina, Thompkins reports to Ben McGloin, head of advice, planning and fiduciary services.

With more than 20 years of experience working with non-profits, Thompkins joined BNY Mellon Wealth Management more than 15 years ago as part of the Planned Giving group. 

Argent Financial Group appointed Shannon Mercer as financial planning assistant for the Argent Advisors division in its Monroe office. Mercer assists Trey Curtis, vice president and investment advisor, in office administration, developing client financial plans and preparing documents for analyzing data. A Bastrop, Louisiana native, Mercer has 12 years of experience working in the banking and financial services industries. She most recently served as a wealth plan administrator at Oglesby Financial Group in Monroe. 

Glenmede Investment Management promoted two senior figures: Kent Weaver, Jr, as president, and Stacey Gilbert as chief investment officer. Gilbert reports to Weaver, and Weaver continues to report to Peter J Zuleba, director of investment management. Weaver assumes primary operational responsibility for GIM while continuing to manage the sales and client service teams, and remains as president of the Glenmede Fund. He is an industry veteran and has been affiliated with Glenmede for more than two decades.

Raymond James appointed Amy Smart as manager of its complex in Cleveland, Ohio. She works at Raymond James & Associates, the firm’s employee advisor channel. Prior to this, Smart worked at Merrill Lynch, most recently as director, market executive for Central Minnesota and Associates. She had a leadership role for a variety of diversity and inclusion initiatives at her prior firm. She succeeded former complex manager and senior vice president, investments, Guy Jardine, who after five years in complex leadership returned as a full-time financial advisor at his practice in Medina, Ohio.

Raymond James welcomed financial advisors Steven G Williams, Kevin Townsend, Steven R Williams and Pamela Fisher to its employee advisor channel. With the move, the advisors marked Raymond James Associates’ new downtown Salt Lake City, Utah, office. The office is led by branch manager Pam McComas.

The advisors operate as Williams & Townsend Wealth Management Partners of Raymond James and joined from Merrill Lynch, where they previously managed around $842 million in assets for a variety of clients, including high net worth clients, physicians and retirees. Joining them at Raymond James were practice business manager Kim Smith and senior client service associates Barbara Hillman and Anne Beck.

Raymond James welcomed financial advisors Bobby Conville, Jr and Earl Smith to its employee advisor channel in Ruston, Louisiana. Together with Ruth Best, senior registered client service associate, the advisors marked RJA’s first office location in Ruston, Louisiana. Conville and Smith joined from Wells Fargo Advisors, where they previously managed about $315 million in client assets. They operate as Conville, Smith and Associates Wealth Management of Raymond James.

Sanctuary Wealth brought in the Fort Worth, Texas-based firm mFORCE Capital to its network. Led by founder, chief executive and wealth management advisor Bradley Bruce, the four-person team came from Merrill Lynch Wealth Management where it was known as the Bruce Wealth Management Group. The group oversaw $1.22 billion in client assets. Prior to founding mFORCE Capital, Bruce spent his entire 33-year career with Merrill Lynch, rising to the position of managing director, senior resident director, wealth management advisor. 

Other team members are Joanna Horton, who serves as chief operating officer, wealth management advisor. Prior to joining Merrill in 2016, she spent 25 years with Capital Institutional Services in Dallas, serving as director of global trading, running the largest institutional global trading desk in the Southwest for 15 years. Also on the team are April Bierle, who began as an intern with Merrill in 1995 and will be director of office relations and senior client relationship manager; and Cheryl McCarson, who joined the team 10 years ago and will now be senior client relationship manager.

Moneta, a US-registered investment advisor based in Missouri, appointed Aoifinn Devitt as its new chief investment officer - based in Chicago. With more than two decades of financial industry experience, Devitt’s responsibilities include aligning Moneta’s investment programs with broader firm goals, as well as overseeing the research, evaluation and selection of asset classes and investment vehicles.

Originally from Ireland, Devitt spent her early career working in London as an investment banking associate at Goldman Sachs International and as a specialist consultant at Cambridge Associates Limited. Devitt also founded Clontarf Capital, a pan-alternatives research and consulting firm. More recently, she served as CIO for the Policemen’s Annuity and Benefit Fund of Chicago and head of investment for Ireland at Hermes Fund Managers Ireland Limited.

Carson Group appointed Mary Kate Gulick as chief marketing officer. She is a veteran finserv marketing expert and formerly worked at TD Ameritrade’s RIA custody business. Gulick’s 20 years of marketing leadership primarily focused on financial services clients, including Allstate, First National Bank of Omaha, Lincoln Benefit Life, Securities America, and TD Ameritrade. She served as the director, digital and content marketing and senior manager of brand and creative with TD Ameritrade Institutional.

Fenergo, which provides know-your-client and client lifecycle management software for financial institutions, named Stella Clarke as chief strategy and marketing officer and Alan Molloy as chief product officer. Clarke worked in banking technology, operations and enterprise financial software roles in capital markets, wholesale banking and fintech firms across Asia and Europe. She most recently worked at Murex where she spearheaded a strategic global marketing practice. Clarke previously worked in numerous roles at DBS Bank in Singapore.

With more than 30 years' experience leading product and technology teams for a diverse range of organizations at various stages of growth, Molloy worked at firms including Paddy Power, FINEOS, Allied Irish Banks (AIB) and McKinsey.

CFA Institute, the global association of investment professionals, appointed family offices figure Carole Crawford as managing director for the Americas region, based in New York. Crawford joined CFA Institute from fincap360, a boutique global family-office consulting and CFO practice where she was founder and managing partner. Crawford established her career at Morgan Stanley and Raymond James before founding fincap360.

Seattle-based Laird Norton Wealth Management named financial industry veteran Ron Albahary as its new chief investment officer. Albahary serves on LNWM’s executive leadership team, leading all aspects of the firm’s investment strategy and research function, and managing its platform. He took over from Gino Perrina, who had served as LNWM’s CIO since 2015. A 30-year veteran of the wealth and investment management industry, Albahary held leadership positions with institutions such as Merrill Lynch and Northern Trust Private Bank. 

LongRange Capital, a private equity firm, announced new team members: Sunny Patel joined LongRange as senior principal, Taylor Elliott as senior associate, and Austin Marcus as associate.

Patel was previously with 3G Capital, on both the private and public sides of their business. Prior to 3G Capital, Patel was a principal at KKR, focused on their consumer, media and communications private equity investments. Elliott was previously a private equity associate with L Catterton, a global, consumer-focused private investment firm. Prior to L Catterton, he was an analyst at Barclays Investment Bank in its global financial sponsors group. Marcus joined LongRange from Cerberus Capital Management, a global, operational-focused investment firm, where he was a private equity associate. Prior to Cerberus, he was an investment banking analyst at Goldman Sachs in its global technology, media and telecom group.

Jeremy Levine joined as a director and relationship manager for the New York team at Deutsche Bank. Levine joined from Bank of America where he advised the firm’s wealthy clients on equity, risk management and bespoke lending strategies. Levine has more than 20 years of experience including with C-suite executives, equity derivatives/structured products, goals-based investing, strategic allocation strategies, block trading, 10b5-1 plans and concentrated stock lending. Before this, Levine worked for Deutsche Bank within the strategic equity transactions group (SETG) from 2000 to 2014. He is based in New York, where he reports to Anthony Valvo.

Withers expanded its trust and estate planning practice in California with the addition of a new partner, Naomita Yadav. Yadov joined the firm’s San Francisco office from Ernst and Young, where she was a senior manager. Previously, she worked in tax advisory roles at Anderson Yazdi Hwang Minton & Horn, Goodwin Proctor and Baker & McKenzie.

Vistra, which serves fund, corporate, capital market and private wealth clients, appointed Antonio Soler as new managing director and head of US corporate services. Soler joined from CT Corporation, a business unit of Wolters Kluwer, where he led the international corporate services business. Prior to that, he served in several senior leadership roles at TMF Group, leading sales, business development and marketing. He has a degree from Harvard University and an MBA from INSEAD.

Thrivent Advisor Network appointed Carolyn Armitage as head. She was most recently managing director of ECHELON Partners. Prior to ECHELON, Armitage led the large enterprise business management consulting team for LPL Financial for three years. Earlier in her career, Armitage was MD at Western International Securities and previously spent more than 12 years as head of advisory service wealth management at ING Advisors Network (now Voya Financial Advisors). Armitage also worked with HD Vest Financial Services.

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Tiedemann Advisors stepped up its impact investing effort by naming prominent industry figure Jed Emerson as managing director, holding the post of global lead of impact investing. Emerson, who served on Tiedemann’s Impact Advisory Council for the last three years, joined formally to oversee strategy and implementation of Tiedemann’s impact investing practice. For decades Emerson led and advised funds, firms, social ventures and foundations pursuing financial performance with social and environmental impact. He is an internationally recognized thought leader in the space, and has co-authored seven books in the field, including the first book ever published specifically on impact investing.

Former Cresset Asset Management chief executive Michael Cole was appointed as managing partner for R360, an “invitation-only league of strategic wealth creators” for people with at least $100 million in net wealth. A familiar figure in the wealth sector (he has spoken at Family Wealth Report events and been interviewed by this news service), Cole was CEO at Cresset AM from July 2018 until June last year; prior to this, he was president, Ascent Private Capital Management for almost eight years and before that, national director, family wealth group, at Wells Fargo.

Procyon Partners, based in Shelton, Connecticut, appointed a senior financial advisor, Daniel Limmer and opened a new office in West Palm Beach, Florida. Prior to this role, Limmer spent 20 years as the principal and chief executive/managing director of Planning Solutions, an independent financial advisory firm based in Long Island, New York, and managed $70 million in client assets.

Sanctuary Wealth appointed former senior Merrill Lynch figure Phillip Porpora, Jr as managing director. Porpora, who was previously a market executive with Merrill Lynch, where he joined as a member of the senior leadership team following garden leave. 

Bain & Company appointed Debra McCoy, an expert in sustainable investing. McCoy re-joined the firm where she started her career, as a partner in its global sustainability and corporate responsibility practice. She is based in Bain's San Francisco office.

Anduin, the private market transaction innovator, appointed Jeffrey Gelfand as an industry advisor. Gelfand has more than two decades of investment management industry knowledge and experience. Gelfand served as the start-up chief financial officer for Evercore, Silver Point Capital and most recently, Centerbridge.

Concurrent, a partnership of independent advisors affiliated with Raymond James Financial Services, added 10 advisor partner teams entrusted with more than $1 billion in client assets. New advisors under the Concurrent umbrella: 

-- Zach Yaklin, with $213 million of assets under management; formerly with Wells Fargo Bank and based in San Diego and Traverse, Michigan; 
-- Michael Grover, managing partner, Grover Financial Group ($311 million AuM); an existing Raymond James Financial Services advisor and based in Modesto, California. The six-person team also includes financial advisors Robert Powell, Justin Grover, Eric Taylor, with support from Jan Constable and Linda Carranza; 
-- Thad Ortez, an existing Raymond James advisor in the Modesto, California area ($65 million); 
-- Randy Sauer, Sauer Wealth Management ($191.8 million); formerly with Wells Fargo Advisors and based in Pittsburg, Kansas, supported by Kallee Tucker; 
-- Vikki Ciotti ($65.6 million AuM); formerly with Wells Fargo Advisors, based in Sarasota, Florida, and supported by Rona Powers; 
-- Clint Tighe and Rob Broome ($90 million AuM); both formerly with Wells Fargo Advisors, joined Winter Park Wealth Group based in Winter Park, Florida; 
-- Jason Fernandez ($56.5 million AuM) and formerly with Wells Fargo Advisors joined Wealth Partners Alliance in Dallas, Texas; 
-- Warren Bowman in St Petersburg, Florida joined from Wells Fargo Advisors ($80 million in AuM); 
-- Michael Cox and Nic Manns, who joined from Wells Fargo Advisors ($100 million AuM), operate as the Cox Private Wealth Management Group in New Port Ritchey, Florida; and 
-- George Hoos, formerly with Morgan Stanley is a solo advisor in Sarasota, Florida ($90 million AuM).

Mesirow Financial Holdings appointed Natalie A Brown as president after its board of directors voted unanimously for her. She works with Richard S Price, Mesirow’s chairman and chief executive. Brown joined Chicago-based Mesirow in 2018, most recently serving as the firm’s chief financial officer and chief administrative officer.

Private client law firm BakerHostetler appointed Kristin L Yokomoto as a partner in its Costa Mesa office. Yokomoto serves in the firm’s private wealth practice group. Yokomoto works with high net worth individuals and business owners, corporate trustees and private individual fiduciaries, as well as trust and estate beneficiaries. Prior to focusing on wealth transition, Yokomoto practiced in the area of securities laws, venture capital, and mergers and acquisitions; prior to law school, she was a financial analyst for Fortune 500 companies.

Advisor Group recruited Compass Wealth Solutions, an Indiana-based wealth management practice with $221 million in total client assets, to join its network. The team at Compass joined Advisor Group through its network member firm Woodbury Financial Services. Led by CEO Annette Alexander, a 21-year veteran of the industry, Compass Wealth Solutions also includes wealth advisor Tamra Kaufman, registered portfolio design director Brandon Mock, executive service director Paula Sibery, and client service associate Dylan Franks.