Anne Slater-Brooks was appointed head of the strategic accounts team, a role in which she focuses on supporting and promoting Canada Life’s offering for independent financial advisors; David Gregory now heads Canada Life’s institutional relationships team with responsibility for building and developing relationships with the UK wealth managers.
Marsh, the international insurance broker and risk advisors, doubled its private client advisory team in
John Fraser leads the team as senior private client manager. He focuses on developing Marsh’s private client business in
Wendy Brady joined the
The final addition to the team was Gordon Baillie, who joined as a client advisor. He will manage client portfolios and account servicing. Mr Baillie joined Marsh from Perth-based broker Clark Thomson, where he dealt with a broad range of clients’ insurance needs.
As the latest move in its
In his new role Mr Pegler reports to Jonathan Brown, head of the regions; his appointment brought the UBS Brighton team to eight members.
UK advisor-owned and controlled online wrap based business platform Nucleus promoted Joanne Rutherford to the newly created role of client relations director within its operations and technology division.
Ms Rutherford is responsible for maintaining the business’s standards in serving its advisor firms and their clients at a time of continued expansion for Nucleus.
Mr Kirby’s role is to develop business in the north of
Shore Capital, the UK banking group focused on equity capital markets and alternative asset class funds is making Alex Abadie the chief executive officer of Shore Capital Limited, its asset management business.
Principal Investment Management, the private client portfolio management specialist that is owned by South Africa’s Sanlam Group, appointed former Ansbacher chief executive, Hugh Titcomb as its new chief executive.
New Star Asset Management's head of fixed income James Gledhill is joining Henderson Global Investors when the firm acquires his current employer next month. Mr Gledhill will work alongside bond manager John Pattullo and his co-manager Jenna Barnard.
London asset manager LionTrust made four appointments to run the funds of Jeremy Lang and William Pattisson, who will leave on 15 April. The also poached a five-strong European fixed income team from Ilex Asset Management, according to a statement.
Gary West and James Inglis-Jones take over the management of the Liontrust First Income and First Large Cap Funds, while Anthony Cross and Julian Fosh will take over the management of the First Growth Fund. The appointments were from within the company and were effective from 25 March.
The Ilex team consists of Simon Thorp, chief investment officer, James Sclater, senior portfolio manager, Paul Owens and Quentin Peacock, co-heads of research, and Gareth Roblin, chief operating officer.
Mr Tregoning previously worked at Lehman Brothers. He takes up his new role in April.
He will replace Peter Neville who retires in June.
St James's Place Wealth Management appointed Mark Chester and Brendan Utley, directors of a financial planning firm which was fined £28,000 ($40,734) for non-client specific documentation of advice in January, as practice principals.
Turcan Connell, a
New Star fund manager Tim Steer, who is moving to Artemis in June, will run the UK Growth Fund at the
It was also announced that the managing director of Turcan Connell's international trust services office in
Mr Trew was the general manager,
Collins Stewart Fund Management appointed Mike Murray as regional sales manager for the north of
Working with Mike Brown, head of fund sales, Mr Murray promotes the Collins Stewart Fund Management fund range, which includes multi-manager, region specific equity, fixed income and fund of hedge fund products, to professional fund buyers.
Their commitment, which is presently only verbal, will be formalised when
Mr Colchester joined GAM’s
American Century Investments, an asset management firm headquartered in New York, made Peter Brackett and Sigrid Johann the vice presidents of its recently opened European operation. Ben Williams, existing vice president of Institutional Business Development, also joins the European team, which is based in
Ms Troxel was previously part of the key client team at UBS Wealth Management in
In his new role Mr Anooshian will work in partnership with Karen Boecker to service the private bank’s Saudi Arabian clients.
In this newly-created role Mr Thompson’s involvement in the management of the CQS group will focus on infrastructure and business development, in particular that in the
Antoine Sreih, chief executive, said: “I am delighted that such a respected figure in the City of
RAB has now put its European team in charge of the fund, according to a letter to clients which said the
Mr Morton has “resigned from the board with immediate effect”, Syndicate said in a statement. The statement did not elaborate on Mr Morton’s future plans and the firm did not immediately respond to calls from WealthBriefing.
Collins Stewart Wealth Management has recruited Chris Colclough from HSBC Global Asset Management to boost its multi-manager team.
At HSBC Global Asset Management Mr Colclough was most recently a fund manager in the global equity team.
Mr Harris’ departure from UBS, where he was head of the high net worth client business for UBS in
Matrix Investment Management has appointed Ansbacher’s chief investment officer, Mike Hollings, along with Ansbacher colleagues Chris Woods, Neil Williams and Zoe Lito, Matrix said in a statement. Mr Hollings will be chief investment officer at the new firm, while his colleagues will hold investment management roles.
Ms Carter most recently worked for Royal Bank of Scotland International, where she handled the treasury needs of clients including high net worth individuals, hedge funds and trust companies. She had also previously been the bank’s proprietary foreign exchange trader.
Mr Gillam had been a
In his new role Mr Baily will manage Cazenove Capital’s existing charity portfolios as well as contributing to new business development.
Mr Heemelaar joined from Dutch firm Aegon Asset Management where he was most recently head of investment grade credit, having joined the firm as a portfolio manager with the fixed income team.
In his new role at F&C Mr Heemelaar is based in
Offshore law firm Ogier, which launched a private wealth unit last year, is making Matthew Thompson a managing partner at its
Architas, the UK multi-manager investment company which is part of the AXA Group, appointed Duncan Freestone head of operations, a role which includes the overseeing of middle and back office processes, and the coordination of IT activities.
RBS International confirmed to WealthBriefing that 90 jobs are to go across its businesses in Jersey, Guernsey, the Isle of Man and
This newly-created role carries overall responsibility for private wealth management in Kleinwort Benson across the
Simon Fraser, a former chief investment officer at Fidelity International, was added to the board of Barclays bank as a non-executive director, with effect from 10 March 2009.
Mr Harrington joined Jupiter last week and will take over management of the £122 million ($170 million) fund from Edward Bonham Carter at the end of March 2009.
Mr Howard was previously responsible for business development within Credit Suisse’s
UBS announced that Josef Stadler will return to the Zurich-listed bank as head, key clients for its Wealth Management Global division from the start of April. He had previously been senior country officer in
Swiss Bank Julius Baer appointed Dr Venkatraman Anantha-Nageswaran as new chief investment officer. Dr Anantha-Nageswaran is now responsible for the investment policy of Bank Julius Baer in addition to his existing role as the bank’s regional chief investment officer in the Asia-Pacific region.
Mr de Buck was previously chief executive of Fortis Lease, the group’s Luxembourg-based leasing arm.
Mr Doerig’s appointment will be subject to shareholder approval at the bank’s annual general meeting on 24 April. Mr Doerig will replace Walter Kielholz, who has decided to step down and focus on his new role as chairman of Swiss Re.
Lloyds TSB International Private Banking made a number of senior management changes, including the departure of executives from its
The bank has appointed Nicholas Boys-Smith as wealth director for the group, according to a statement emailed to WealthBriefing by the bank. Mr Boys-Smith currently holds a senior position in Lloyds TSB’s corporate markets division.
Mr Haeberli was previously head of Credit Suisse's private banking business in the French-speaking region of
Following the announcement of the early retirement of Jean-Pierre Roth as president of the Swiss National Bank at the end of the year, many names are being suggested as candidates to replace his role as director. There is an assumption that the presidency will pass to Philipp Hildebrand, the bank's current number two.
UBS, beset by heavy losses and a protracted tax evasion case in the US, said its chairman, Peter Kurer, will not stand for re-election on 15 April this year and is to be replaced by former Swiss politician Kaspar Villiger.
Mr Kurer, a lawyer, was appointed to the chairmanship of the Swiss bank a year ago. The UBS board have proposed to replace him with Mr Villiger, who was a member of the Swiss Federal Council between 1989 and 2003 and in the last 8 years, as finance minister.
Michael Kuenzi, former head of the UBS onshore wealth management operation in Russia, joined Geneva-based private bank Lombard Odier to focus on wealth management in Russia and the neighbouring Central Independent States.
In an announcement that surprised the Swiss financial industry, Jean-Pierre Roth, who has headed up the Swiss National Bank for nine years, stated that he will be standing down at the end of the year.
Mr Roth, 63, is retiring early at a testing time for central bankers although he is one of the longest serving presidents that the institution has known.
US group Washington Trust hired Kent Gladding, former senior vice president and chief investment officer of RBS-owned east coast focused Citizens Bank, as vice president and investment officer of Washington Trust Investors.
New York-based bank Signature recruited a new private client banking team from Capital One Bank (formerly North Fork Bank), where they worked at an
Matthew Weltman was named group director and senior vice president; joining Mr Weltman are Lorraine Quinlan, Scott Fenton and Mayra Rios. Mr Weltman and most of the team have worked together in different capacities for the past eight years, specialising in serving real estate management companies, among others
US-based IDB Bank expanded its
James LoGatto, director of
Other appointments included Dominick Lombard, senior vice president, who previously worked for Sovereign Bank.
London-headquartered international and offshore law firm Withers opened a new office in the
The office is being launched, the firm says, in response to the trend for such work to include an offshore element, in particular relating to the BVI. In 2007, over 370 commercial actions were started in the jurisdiction, many of which were connected to proceedings in
Jeremy Scott, a partner in the litigation team and John Greenwood, a partner in the funds, investment, tax and trusts team, relocated to the BVI office from
Mr DiVito, along with his brother David Di Vito, a financial consultant trainee, and Michelle Cunningham, a senior registered client associate, have joined RBC’s Pheonix, Arizona office. They now report to Tim Rannow, complex director.
Mr James, who holds the post of managing director, is to leave the bank after working at Citi for six years. Citi is expected to announce a replacement in a matter of days, a spokeswoman for the bank, said.
Merrill Lynch Global Wealth Management, now a unit of Bank of America, has shed some business manager jobs, letting some employees go and retaining others in new roles, according to people familiar with the situation, Dow Jones reported.
The move, which affected about 150 employees, is the latest effort by the wealth manager to cut costs following layoffs of less than 10 per cent of its branch support staff and several hundred rookie brokers in December and February, respectively.
Citi is making two senior management changes as part of its business realignment into Citicorp and Citi Holdings. Gary Crittenden, previously chief financial officer, has been placed in the newly created role of chairman of Citi Holdings, and Edward Kelly, previously the head of Global Banking, will assume the role of chief financial officer at Citigroup.
Mr Shope is executive vice president, sales and marketing, responsible for overseeing the firm's expanding sales and service infrastructure as well as managing the bank's marketing efforts. His background includes senior positions with Wachovia, BNY Mellon, Bank of America and AllianceBernstein.
The bank, once the largest in the world, is struggling to regain its position after posting $37.5 billion of net losses in the last five quarters.
Richard Parsons, who became Citigroup chairman on 23 February, reconstituted the board after a series of directors decided to retire. Among the new nominees are former US Bancorp chief executive Jerry Grundhofer, former Bank of America chief financial officer Michael O'Neill, and former PIMCO chief executive William Thompson.
Wilmington Trust, a provider of wealth management and family office services with offices across the US and in Europe and offshore, hired Henry Gissel, Thomas Sweeney and Leonard Togman as fiduciary consultants in the company’s wealth advisory services business.
The trio help develop wealth and estate plans for the company’s clients; all three are lawyers with extensive experience in tax, trusts and estate planning.
Mr Sontag filled the remaining board seat left vacant by the resignations of John Thain and Gregory Fleming, Merrill’s former chief executive and president respectively; Brian Moynihan, president of Global Banking and Wealth Management for Bank of America, was previously selected to fill the other seat.
JP Morgan appointed a four banking veterans to its
Decisions involving leadership roles at Wells Fargo Wealth Management Group in the wake of the merger of US banks Wells Fargo and Wachovia “should be implemented and in place by the end of the second quarter,” according to Jay Welker.
Credit Suisse appointed Michael McVicker to its private banking division in
Mr McVicker previously worked for 15 years at Morgan Stanley in its private wealth management operations in the
Mr Ferconio, who has the title of senior vice president, is joining a team that runs money for 15 “significant families throughout the
Union Bank of California, recently acquired by the Bank of Tokyo-Mitsubishi UFJ, is appointing Candice Nakagawa and John Sinnema to vice presidential positions in the Los Angeles office of its private bank division.
Ms Nakagawa currently serves as a private banking relationship manager, specialising in assisting Japanese American customers. With a foundation in banking and investment services, she has developed expertise in creating and implementing strategies to serve the Asian American markets.
US financial services firm KeyCorp appointed Timothy Lathe as executive vice president and head of its wealth management group. In overseeing KeyCorp’s wealth management group, Mr Lathe focuses on two principal businesses: Key Private Bank and Key Wealth Management.
RBC Wealth Management in
The Flock Group, which includes financial consultants Shane Flock and his brother Tony Flock, their father Larry Flock, a financial senior associate, and Mary Malencore, a registered senior associate, joined RBC's Edmonds office in Washington State.
Paul Reilly will join Florida-headquartered investment and wealth manager and advisor Raymond James Financial as president on 1 May and take over from current chairman and chief executive Thomas James as chief executive officer one year on. After that point, Mr James will continue to work for the firm full time as executive chairman of the board.
Mr Reilly has been on the Raymond James Financial board since 2005 and has served as chair of the audit committee for the past year.
Morgan Stanley said Hassan Elmasry, a fund manager who manages portfolios worth about $9.66 billion, is leaving to start his own asset management company.Mr Elmasry will remain at his London-based office until the end of April in order to oversee the transfer of his portfolios to new management, a spokesperson was quoted as saying.
EFG, the Swiss-based private bank, reorganised senior management at its
Kees Stoute, a managing director, was made branch manager in
Mr Nunn was selected for the role of executive general manager, Advice & Marketing for MLC and NAB and will take over leadership of NAB Financial Planning, MLC Advice Solutions, MLC Sales and MLC Marketing in May.
Steve Tucker, MLC & NAB wealth group executive, said that the current heads of these divisions - Geoff Rogers, Greg Miller, Peter Greenaway and Scott Graham respectively - would continue to run their existing portfolios.
Deutsche Bank Private Wealth Management brought two senior staff into its
MLC & NAB Wealth set up a new executive committee. Group executive Steve Tucker said: "We have made some structural changes to ensure we are focused on our customers' needs and continue to grow our business."
The new executive committee includes National Australia Bank's former private and institutional wealth business executive general manager Andrew Hagger, who took responsibility for MLC's insurance business.
Current nabInvest chief executive Garry Mulcahy takes up MLC's investment management division and its "manager of managers" element.
MLC's former investment management division general manager Michael Clancy will now run MLC & NAB Wealth's investment platforms.
UBS shed a team of six private bankers in
Offshore law firm Walkers expanded its team in
Nomura Holdings, the Japanese brokerage and investment bank, announced a raft of changes to its line-up of executive officers and the management of its international subsidiaries.
Yugo Ishida, currently chairman of Nomura Europe Holdings, Nomura Asia Holding and Nomura Holding America, will return to
In addition, Tsukasa Miyachi, previously head of Singapore Wealth Management, was appointed regional head of wealth management based in
Mr Tee, who was previously based in
Vivek Kudva took up the role of managing director for
Harshendu Bindal takes over as president of the firm's Indian asset management business today. In his new role, Mr Bindal will focus on successfully positioning the Indian business for growth and will relocate to Mumbai. Previously, Mr Bindal served
Deutsche Bank Private Wealth Management appointed Christian Nolting as regional head of portfolio management and lead strategist Asia-Pacific and Peter Pfister as director of private equity investments.
Barclays appointed Izzat Nuseibeh as chief executive of its investment banking and investment management arm in
In his new role Mr Nuseibeh is responsible for coordinating all of Barclay’s investment banking and investment management activities for the Qatari market.
The wealth management division of Morgan Stanley hired a senior investment advisor from UBS. The bank hired Jamal Al-Dabbagh as an executive director and investment advisor, based in
Mourant International Finance Administration, part of management services firm Mourant, strengthened its client services team in Jersey with the appointment of Francois Chesnay as a director of corporate services.
Mr Chesnay, who focuses primarily on client relationship management, has 10 years’ experience in capital markets. He joined Mourant from Ogier where he spent nearly four years administering structured finance vehicles.
Société Generale Private Banking cut between 40 and 50 of about 600 staff in Asia, excluding
Skandia, the European financial services and investment firm that recently opened two Spanish offices to facilitate private banking activities, is recruiting advisors and planning to expand in the region. The company said it employs 30 independent advisors and plans to take on another 70 in the next three years.
Dutch banking group ING, which includes a European private banking operation appointed two new members to its supervisory board, Tineke Bahlmann and Jeroen van der Veer as chairman of the supervisory board.
Deutsche Bank announced a raft of senior boardroom and executive appointments yesterday, including a new head of private and business clients.
The German bank’s supervisory board said the following people will take up their posts from today: Michael Cohrs, head of global banking; Jürgen Fitschen, global head of regional management; Anshu Jain, head of global markets, and Rainer Neske, head of private & business clients. These individuals are members of the bank's group executive committee, which will remain in place, Deutsche said in a statement.
Liechtensteinische Landesbank elected three new boardroom members and to re-elect its chairman.
Markus Foser, Markus Büchel and Roland Oehri are new members, and Dr Hans-Werner Gassner was given a further term of office.
Dr Michael Ritter (vice chairman of the board of directors), Helmuth Elkuch and Peter Harald Frommelt stepped down from the board.
Mr Perttula, who takes up his new position today, has been Nordea’s Nordic head of marketing for the past three years. Previously he was regional bank head for Eastern and
Employee-owned investment banking, private equity, wealth and asset management firm Baird strengthened its business services sector coverage in Europe with the hire of Jonathan Harrison as a director. Mr Harrison was formerly EMEA head of business services at Deutsche Bank.
BNP Paribas Investment Partners, part of French bank BNP Paribas, revamped its general management with three appointments. The division is headed up by new chief executive Gilles Glicenstein and his two deputy chief executives, Philippe Marchessaux and Pascal Biville.
The chief executive of South African-based Investec Trust, which comprises businesses in the Channel Islands,
Robert Clifford left his post to “pursue other professional and personal interests”, Investec Trust said. He has worked at Investec since 2000. Mr Clifford is a lawyer by training.
Andrea Orcel, Bank of America’s head of International Global Banking and Wealth Management and International Corporate & Investment Banking is making several leadership changes in the group’s EMEA Corporate & Investment Banking division.
Carlo Calabria, previously Merrill Lynch's top European mergers and acquisitions banker, leads its M&A business outside the
Merrill bankers Matthew Greenburgh and Jim O'Neil, who both advised the Royal Bank of Scotland-led consortium on its €70 billion takeover of ABN AMRO, will assume other key roles outside the
Mr Greenburgh leads Financial Institutions Corporate and Investment Banking while Mr O'Neil heads up Corporate Finance and Restructuring.
In EMEA, Amir Hoveyda leads debt capital markets, Luc Remont will lead corporate and investment banking for