People Moves

Executive Moves - July 2009

3 August 2009

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UK

Baltimore-based investment management firm T Rowe Price announced the appointment of Mike Della Vedova to its global investment services arm. Mr Vedova will work in London as a European high yield analyst and member of the global high yield team and shall focus on European sub-investment grade corporate credits.

Daniel Godfrey, one of the UK investment industry’s high profile figures over the last decade, has stepped down from his role as director general of the Association of Investment Companies. Mr Godfrey joined in 1998.

Arbuthnot Latham, the private banking arm of UK-listed Arbuthnot Banking Group, hired former Citigroup manager Dean Proctor to the newly created post of deputy chief executive.

Lazard Asset Management, part of international financial advisory firm Lazard, has appointed Lloyd Whitworth as a portfolio manager for its UK equity team. Mr Whitworth joins from JP Morgan. His new team is led by Alan Custis, a former colleague from JP Morgan.

London-based investment house RWC Partners hired Gabe Marshank, Alex Robarts, Sam Weeman and Hayes Varey to work together with Mike Corcell on RWC Biltmore and RWC US Absolute Alpha, the equity long short from October. Mr Marshank will be responsible for the analysts and Mr Corcell for portfolio management.

London-based River and Mercantile Asset Management has hired Richard Zechmeister as a senior equity trader for its global dealing desk as part of a continuing expansion of their global equities division. Mr Zechmeister will work with Stuart Heath on a team responsible for establishing relationships with large integrated houses and local brokers as well as providing the global equity division with market coverage.

Stephen Raby Associates, the London-based executive search firm, raided Matthew Muddiman from rival recruiter Longbridge International to bolster its wealth management team.

UK-listed Lloyds Banking Group said Sir Win Bischoff, the former chairman of Citigroup, will become its chairman when Sir Victor Blank steps down in September.

Randall McKinstry, the London-based wealth management recruitment firm, named Tim Johnson as head of investment management. Mr Johnson joined from Marshall Warburton, where he had worked since March 2008.

RBC Wealth Management, part of Royal Bank of Canada, has appointed Wasim Afzal manager in structured notes and fixed income, advisory. Mr Afzal will be based in London and will be responsible for developing the international arm of RBC Wealth Management’s structured notes offering for its high and ultra high net worth clients.

Lea Blinoff, head of products and services at HSBC Private Bank has left the company. No one would be chosen to replace Ms Blinoff in her role as managing director until a rigorous selection process had been undertaken.

Barclays Wealth, has made eight hires for its UK financial planning team. Joining in London are Claudine Fondis, Amanda Alexander and Dan Barnes, along with Carlton Crabbe, Nick Keenan, Simon Bullock who are to focus exclusively on providing financial advice to high net worth clients. In the regions, Stephen Denning joins the Birmingham office and Gillian Cambridge joins the Leeds office.

Brooks Macdonald, the UK financial advisory and wealth management firm, appointed Julian Holden to its Manchester office as an intermediary sales manager. He will support introducing IFAs in the north of England. The firm also appointed Howard Crossen and Daniel Minett as fund managers,

Bridgeman International, the buy-side financial services firm, recruited Rodney Byram, previously a consultant with wealth management headhunter HB International.

BDO Stoy Hayward Investment Management has promoted Simon Davis to head of its private client business. He has been with the firm since 1998 and is being moved up from head of their strategic wealth management division. Experience includes co-managing Hayward’s fund of hedge funds, Fitzwilliam Balanced Growth.

Julius Baer International, appointed Marion Williams to its asset management team. Ms Williams will support the London sales team, promote Julius Baer’s products to UK clients and focus on third party relationships. Ms Williams joins Threadneedle Asset Management.

HSBC Private Bank in London made two senior hires from UBS. Jafar Hamid joined as managing director, key accounts, based in London. Mr Hamid previously headed the key accounts desk in UBS’s south Asian team. Also from UBS is Basit Riaz, who worked alongside Mr Hamid as an associate on the key accounts desk.

Matrix Corporate Capital appointed Malcolm Le May as deputy chairman to spearhead the expansion of its full-service broking and advisory activities.

MCC also recruited Matthew Jordan from Dresdner Kleinwort for the newly-created role of head of research. His remit includes making further hires for the research team.

John Kelleher was made chairman of the law firm Carey Olsen, taking over from Anthony Olsen. Continuing as partner and head of the Jersey litigation group; he will be working with John Greenfield, the managing partner in Guernsey, and Alex Ohlsson, the managing partner in Jersey.

EFG International’s London-based private banking arm hired Anthony Cooke-Yarborough as head of private banking. From 2002 to 2005 Mr Cooke-Yarborough was head of UK private banking for Barclays and chief executive of Barclays Private Bank. Most recently Mr Cooke-Yarborough was chief executive of Mourant Private Wealth in Jersey.

Brooks Macdonald, the UK financial advisory and wealth management firm, has appointed two new private client fund managers: Howard Crossen and Daniel Minett. Mr Crossen, from Premier Asset Management,will be based in the Group's Winchester office. Mr Minett, from Cavendish Wealth, will work in Tumbridge Wells.

The Financial Services Authority appointed Gareth Adams as a senior advisor focusing on asset management. He was previously executive director for regulatory strategy at Fidelity International.

Neptune Investment Management, a UK-based boutique, appointed Andrew Taylor as intermediary sales manager with responsibility for northern England and Scotland. Joining form Credit Suisse, Mr Taylor will be responsible for promoting Neptune’s fund range to intermediaries, including discretionary buyers.

UK-listed Liontrust Asset Management has said that Ross Hollyman’s team of three investment managers will join the firm. They are: Nikki Martin, Rob Cornish and Tom Ayres and will focus on the global value, global earnings surprise and global multi-factor equity investment processes.

Aviva Investors appointed Ian Berry as fund manager - infrastructure and renewable energy. Mr Berry’s role will be to oversee the development of Aviva Investors’ infrastructure capability and manage the firm’s European renewable energy fund. 

River and Mercantile Asset Management hired Ben Childs for its global equities division. Joining from Merrill Lynch where he was lead analytical developer in the yield enhancement team, he will help develop R&M’s global technology infrastructure.

UK-based financial advisory services firm, Openwork Group appointed Martin Davis as chief executive officer after the departure of Keith Carby. Kate Avery, who was  a non-executive director of Openwork, succeeds Mr Davis as chairman

Mourant International Finance Administration appointed Matthew Wood as managing director of its Guernsey office. Mr Wood will manage the growth plans of the Guernsey office as well as overseeing client service teams.

Collins Stewart Wealth Management appointed Simon Whittley as an intermediary sales manager, based in London. Mr Whittley’s primary role will be to increase the flow of referral business from UK-based law firms, accountants, independent financial advisers and trust companies. He joins from Credit Suisse.

UK wealth management firm Armstrong Investment Managers hired Simon Ellis as a business development consultant. He joins in addition to his role as a consultant on the future of the UK Financial Services Skills Council.

Melanie Cassoff and Oliver Gregson, a director, have left the UBS Wealth Management’s London desk, reportedly for Barclay’s Wealth.

Channel Islands law firm Carey Olsen admitted Siobhan Riley, Marcus Pallot and  Robin Smith in to its fiduciary, finance and corporate teams in Jersey. Ms Riley will continue to advise company clients; Mr Pallot will join two partners in the CI banking team: Paul Sugden and Nicholas Crocker. Mr Smith was appointed to the corporate and finance group.

UK private bank Coutts appointed Charles Howeson regional chairman for the South West, based in Exeter. Mr Howeson will help Coutts in maintaining strong relationships with clients and raise awareness of its wealth management services within the local business community. He has been chairman of First Great Western Trains since 2007 and is also chairman of both the UK Seafish Industry Authority and the Consumer Council for Water in the Western region.

JO Hambro Capital Management appointed Andy Steel as chief executive of the group’s private client business. Mr Steel, who was previously chief executive of JO Hambro Investment Management, has more than 15 years experience in the private client investment management industry.

Edinburgh-based investment firm Martin Currie has promoted Alan Porter to co-manager of its Global and Global Alpha retail funds. Mr Porter joins David Sheasby in managing the £35 million ($57.2 million) Global fund, and will co-manage the  £23 million Global Alpha fund with James Fairweather.

Boodle Hatfield, UK private client law firm, has appointed James Ferguson, a partner of 20 years at Taylor Wessing, to its family team. Mr Ferguson’s expertise lies in dealing with matters arising from the breakdown of relationships, with particular emphasis on high net worth individuals and families.

John Peace was appointed chairman of Standard Chartered, having been acting chairman since Mervyn Davies left to become UK trade minister in January. He is also chairman of Burberry, the luxury fashion chain, and Experian, the credit-checking firm that was spun off with Burberry from Great Universal Stores.

North America
RBC Wealth Management from Merrill Lynch in New York has hired Douglas Mance. He joins as vice president and financial consultant

Merrill Lynch Global Wealth Management, part of Bank of America, named Chris Dupuy as chief of global investment solutions, reporting to Dan Sontag, head of the bank’s global wealth management business. Mr Dupuy’s core responsibility is to manage the business’s financial products. Latterly head of Americas distribution, he succeeds Mitch Cox who defected to Barclays Wealth as managing director and head of the global investment and product office.

UBS has appointed Chris DeMarco and Tom Kushner as client relationship directors for the Americas. Mr DeMarco previously worked for Merrill Lynch, while Mr Kushner joins from the AIG. De Marco. Mr Kushner will focus on enhancing UBS’s relationships with partners and premium clients and will report to Ed Hulina, UBS Americas’ head of fixed income, currencies and commodities.

Charter Bank, the Washington State-based bank for family-owned businesses and professionals, has hired James Garvey as president and chief operating officer to increase its high net worth and privately owned business customer segments in the Pacific Northwest region. Mr Garvey served as president and chief executive for Flagship Bank and Trust of Worcester, Massachusetts.

Chicago-based bank Northern Trust announced that William Osborn will step down on 11 November. Mr Osborn has been chairman for 14 years and is also a director of Northern Trust Corporation and its principal subsidiary.

Barclays Wealth appointed former Merrill Lynch executive Mitch Cox as managing director and head of the global investment and product office, which is a newly created role. Reporting to chief executive, Thomas Kalaris, Mr Cox is based in New York and will assume responsibility for leading all of Barclays Wealth’s business activities in the Americas.

RBC Wealth Management, part of Royal Bank of Canada, appointed Roberta Ruddy to its senior managers international solutions team. Based in New York, Ms Ruddy will work with a network of advisors, relationship managers and external planners, in serving US and international clients. Ms Ruddy joins from Citi Private Bank, where she was a global wealth structuring consultant in the bank’s international private banking division

Coral Gables-based Gibraltar Private Bank has appointed Adolfo Henriques as its new chairman. Previously, Mr Henriques was chief executive of the south region for Regions Bank and the top Miami executive for Bank of America.

US firm Evercore Wealth Management, appointed Bruce Elwell and Iain Silverthorne to its San Francisco office. Mr Elwell was previously a managing director of US Trust, Bank of America Private Wealth Management. Mr Silverthorne joins EWM after serving as a senior vice president at BoA.

Swiss bank Credit Suisse hired financial advisor Barry Snyder to its West Palm Beach Florida wealth management unit. Mr Snyder managed $3 billion of client assets at Deutsche and had worked for the German bank for six years.

Citigroup has revamped the management of its credit cards business, including services focused at high net worth clients. Ed Garofalo will now oversee a group focusing on the mass market and Terry O’Neil will head a team focusing on “spend-centric” high-net-worth customers, while Debjani Majumdar will manage a “high-risk” segment.

Merrill Lynch Global Wealth Management hired four UBS financial advisors and two brokers from Wells Fargo Advisors in the US, according Dow Jones. Timothy Hickman, John Haselton, Jason Patrick and Robert Anderson will join Merrill Lynch Cool Springs office in Tennessee from UBS. Mr Jackson and Mr Miller, who previously worked at Wells Fargo Advisors, will join the Birmingham, Alabama office of Merrill Lynch.

London-based executive search firm Sheffield Haworth named Scott Coff as head of its private wealth management practice for the Americas, based in its New York office. Supported by associate Monica Vida, Mr Coff joins Sheffield Haworth from Rhodes Associates, where he led the firm’s wealth management practice. Ms Vida also joins from Rhodes Associates, where she completed numerous high-level searches.

Chicago-headquartered banking group Northern Trust recruited John Read from JP Morgan to global head of derivatives product management. Based in London he will be responsible for setting the strategy for Northern Trust’s derivatives product development, as well as developing the bank’s derivatives processing capabilities.

Matthew Anderson, a principal in the financial services group of accountancy and advisory services firm Rothstein Kass, relocated to the firm's newly-opened Orange County, California location. He transferred from the Denver office, where he managed audit, accounting, and tax-related matters on behalf of alternative investment clients including hedge funds, funds of funds and private equity funds. He will now augment financial services capabilities and promote organisational expansion in the region.

Executives Tom Lee, head of product origination; Steven Houston, head of product sales; and Paul Morton, head of stock and bond sales left  Merrill Lynch Global Wealth Management.

However the firm have also recently recruited Darwin Campbell and Jeffrey Tutor from UBS, continuing a sustained raid on the Swiss bank’s US advisors. Messrs Campbell and Tutor, who together managed $225 million of client assets at UBS, joined Merrill’s Englewood, Colorado office at the start of this month.

Stephanie Heilborn. who has handled estate planning for some of the world’s wealthiest families has joined Fulbright & Jaworski’s trusts and estates practice. Ms Heilborn leaves her own firm, Heilborn LLC to join the firm’s New York office as a partner. She has specialisms in implementing complex tax planning strategies and international tax and estate planning.

Citigroup, the Wall Street-listed financial services company, announced that Edward Kelly, who was previously chief financial officer at the firm, will become vice chairman of Citigroup. Since February 2008, he has held several high-level positions such as head of global banking at Citi Private Bank and president and CEO of Citi Alternative Investments in Citi's Global Institutional Bank.

After little more than six months, head of the Citi Family Office group Chris di Bonaventura is leaving. He is joining Fidelity’s Family Office Service, according to Registered Rep.

Deutsche Bank Alex Brown, the US private client services division of Deutsche Bank Securities and Deutsche Bank Private Wealth Management, has appointed Shawn Sullivan to its Boston office as a director and client advisor.

Mr Sullivan joins Deutsche Bank from UBS Financial Services where he had worked for the past five years as a senior vice president and financial advisor. Prior to this, Mr Sullivan was an advisor at Morgan Stanley

Signature Bank, the New York-listed firm, has appointed Frank Besignano as business development manager at its private client banking office in Staten Island.

In this capacity, Mr Besignano will be responsible for increasing Signature Bank’s business development within the Staten Island business community, working in concert with the bank’s existing teams.

His banking career spans more than 30 years. Most recently, he served as a retail market executive at Sovereign Bank (formerly Independence Community Bank).

Barclays Wealth plans to hire up to 200 high-end investment representatives over the next four years in a move to expand its new wealth management foothold in the Americas. Following the collapse of Lehman Brothers into bankruptcy, Barclays acquired Lehman's private investment management unit to gain a presence in the US market.

Merrill Lynch Global Wealth Management, raided three teams from Morgan Stanley Smith Barney and two advisors from Wells Fargo. Herbert Scherer and Karen Mortimer, joined Merrill's office in La Jolla, California and who together managed $204 million in client assets at Morgan Stanley.

Secondly, Suzanne Latour, Ryan Wetsel, and Hillary Landon were recruited for Merrill’s San Diego, California office. The team managed assets totalling $104 million.

The third team recruited to Illinois comprised Robert Preston and Carla Lang, who together had $211 million in assets under management.

Wells Fargo saw Charles Parry and Curtis Parry depart for Merrill’s California offices in Woodland Hills and Ventura Coast respectively. The pair had a combined $169 million in client assets under management.

New York-based, alternative asset manager Capital Z Asset Management appointed James Marrone as Chief executive. Mr Marrone replaces Christianna Wood, who has resigned to pursue other opportunities.Geneva-based wealth manager Notz Stucki & Cie appointed Damiano Paterno’ Castello and Herwig Van Hove as partners, both of whom join the group as shareholders and managers on 1 September. Both come from Morgan Stanley and will focus on developing financial products and client relationships.
 
Switzerland

Notz, Stucki & Cie also said Manuel Echeverria left the group by “mutual agreement.” The specialist in funds of funds joined the firm in October 2008.

Europe

International law firm Withers transferred Jay Rubinstein from Withers' New Haven office to Geneva. He is the fifth partner in Withers' Geneva office.
 
Georg Wessling has been appointed CIO at hedge fund manager Harcourt Investment Consulting in Zurich, which he joined in 2005. He replaces the current CIO Christophe Grünig, who remains a member of the board of directors and of the investment committee.
 
Ignis Asset Management appointed a five-strong European distribution team. Philip Goldsmith will lead the team as managing director Europe, based in Valais, Switzerland and be responsible for distribution in French-speaking Europe. André Haubensack will become the firm’s regional director Germanic countries, based in Zurich. Mauro Loran, based in Madrid, will be regional director Iberia and Latin America. Arcangelo Barletta will become regional director Italy and Ticino, based in Milan. Ghislaine Fournigault, the new regional director Benelux, will be based in London. The team has previously worked at New Star. Additionally, the firm recruited “up to five personnel to support the European team”.
 
Société Générale Securities Services appointed Frédéric Barroyer as chief executive of its German arm, based in Munich. Prior, he had been chief executive for Asia Pacific ex-Japan at Société Générale Asset Management.
 
Christian de Juniac is to succeed Gilles du Fretay as president of HDF Finance, the Paris-based multi-management firm. Mr du Fretay will become chairman of the supervisory board. Mr Juniac has previously been a director and the chairman of HDF’s supervisory board.
 
Société Générale’s corporate secretary and chief legal and compliance officer, Christian Schricke will step down on 1 September at his own request. He will be succeeded by Patrick Suet, the deputy corporate secretary. Mr Schricke will, however, remain secretary of the board of directors at the French bank.
 
Philippe Marchessaux has been appointed CEO of Paris-listed BNP Paribas Asset Management and BNP Paribas Investment Partners. He was deputy CEO of BNP Paribas Investment since February 2009 and has been a member of executive committee since 2004. Former CEO Gilles Glicenstein passed away in April; Mr Marchessaux has effectively been running the business ever since.
 
Credit Suisse Banque Privée France hired Betrand Michaud, who will concentrate on wealth structuring, and Henri Perrachon, who will be responsible for life insurances. Mr Michaud has previously been with the Paris-based Banque Transatlantique; Mr Perrachon joins from Dexia Banque Privée.
 
Vontobel, the Swiss banking group, confirmed the departure of Dr Dirk Drechsler, CEO of Bank Vontobel Europe. No comments were made about the reasons behind his departure. Vontobel is actively looking for a successor. In the interim, Alois Ebner, head of the Munich office, leads the firm’s European section.
 
Edinburgh-based fund manger Standard Life Investments appointed Michael Grier as an investment director based in Frankfurt. He joins Standard Life from ABN AMRO Asset Management, where he was a Germany-based managing director.
 
Patrick Wild, latterly head of private banking overseas at Liechtenstein’s VP Bank, has left the firm to pursue other opportunities. The firm is not seeking replacement. Mr Wild joined VP Bank in 2006, having previously been head of Julius Baer’s family office group.
 
SG Private Banking France appointed Patrick Follea as head of the bank, replacing Albert Bocle, who is to be commercial and marketing director of SocGen's retail banking network. Mr Folléa is currently deputy CEO of SG Private Banking France, having been with the firm since 2007.
 
Liechtensteinische Landesbank hired Patrick Helg as its new head of group internal audit. He will commence his new duties by 1 October 2009 at the latest, succeeding Angelica Bienz, who has quit LLB to set up her own business.
 
Saxo Bank, the online trading and investment specialist, appointed Jakob Thomsen as senior executive officer in its Dubai Office. He has been with the bank since 2001 and will be responsible for all of Saxo Bank’s operations in the Middle East. He replaces Shailendra Robin Patel, founder of the Dubai office, who has stepped down.

Middle East

Credit Suisse appointed Michael Grosz as a director for its Tel Aviv office. He assumes his new role in September, joining the bank from UBS, where he was director of wealth management at its Israeli representative office.
 
Barclays Wealth appointed Harry Martin as director for its international private banking team in the Middle East. He has been based in Dubai since joining Barclays Capital in 2006 as part of the MENA sales team.
 
Standard Chartered Private Bank appointed David Inglesfield as regional head for the Middle East and North Africa region. He will be based in Standard Chartered’s office in the Dubai. Mr Inglesfield was most recently a director for Barclays Wealth Middle East and North Africa.

Latin America

RBC Wealth Management appointed Thomas Roiz head of Latin America for RBC Suisse. Based in Geneva, he will provide integrated wealth management services and solutions for high net worth clients in Latin America. He has previously been with Citi and JP Morgan.
 
Pictet & Cie, the Geneva-based private bank, will be joined by Stefano Bianchi, Paolo Passan Bin, Umberto Braghero and Verena Gross, all from the Zurich office of Goldman Sachs. The team will cover the Italian-speaking market out of Zurich. Some will start at the beginning of September and some at the beginning at October.
 
Swiss private bank Lombard Odier appointed Stéphane Monier as Geneva-based global head of fixed income and currencies. He joins Lombard Odier from Fortis Investments.
 
Credit Suisse appointed Stefan Keitel as chief investment officer of its private banking business, a newly created role, and chairman of the Credit Suisse investment committee. He has been with Credit Suisse since 2001; most recently as CEO of Credit Suisse Asset Management Kapitalanlagegesellschaft and head of MACS Germany (multi asset class solutions).
 
Geneva and Luxembourg-based Global Wealth Management appointed Samir Sayeed as a managing partner, following his departure from JP Morgan Private Bank in India in May. He will head GWM Group’s office in London and direct its expansion in Asia. He will also sit on the board of directors.

Temasek Holding, the Singapore government fund that holds large stakes in banks such as UBS and Citi, said it had mutually agreed with Charles Goodyear not to proceed with his appointment as chief executive officer.

Mr Goodyear was expected to take the position from outgoing CEO Ho Ching on 1 October this year. He joined the fund's board of directors in February this year and assumed the CEO-designate job in March.

Mark Bulcher, the man behind Brisbane-based Suncorp Wealth Management’s integration of the Sydney-based Promina Group, is leaving Suncorp.

Mr Bulcher orchestrated the acquisition of Promina Group as a subsidiary in March 2007 and will be stepping down as group executive now that the process of incorporation is complete.

Colin Woods, the former chief executive of UBS Asset Management has joined MLC, the wealth management division of National Australia Bank, as general manager, sales. Mr Woods takes over Peter Greenaway’s position, who will now work in business development.

Mr Woods had been with UBS Asset Management since 1999, became its chief executive in 2002 and left the firm in 2007.

Geoffroy Dedieu, managing director of family services at Julius Baer in Singapore, departed the Swiss bank.

Mr Dedieu joined from Fortis in 2006 where he had been for three years. WealthBriefing understands that Mr Dedieu is moving to London to set up a family office.

Morgan Stanley Private Wealth Management, now a division of Morgan Stanley Smith Barney, appointed Sandeep Jain as a private wealth advisor in India. Mr Jain joins Morgan Stanley from Ambit Capital, where he headed up the firm’s private client group.

International
Anthony Markham is to rejoin the Isle of Man office of international professional services firm Maitland as partner.  He will spearhead Maitland’s family office service's response to increased demand from wealthy families.

Mr Markham joined Maitland in 1983, became a partner in 1986 and was a founding member of the Maitland Isle of Man office in 1990.  He moved to Maitland’s London office in 2000. He then became the key advisor to a multinational family in-house during a period of intergenerational transition, a role which he continues to fulfil.

Barclays Wealth, the private client arm of UK bank Barclays, recruited Dominic Stearns from Citigroup as managing director and global head of compliance. Also joining Citigroup is Carmen Menendez-Puerto, who was appointed managing director, head of financial crime, Barclays Wealth Americas.

Mr Stearns was latterly global chief compliance officer for Citigroup’s private banking activities – a role he had held since 2005, having joined the firm from SG Warburg in 1995.

While at Citigroup, Ms Menendez-Puerto led the firm’s global anti-money laundering programme across all wealth management activities. Citi Private Bank added three new members to its global leadership team: Paul James has been appointed head of global wealth structuring; Luigi Pigorini is to become global head of investment finance and Dena Brumpton has been named global head of client and business development.

Mr James previously managed the trust business for global wealth structuring international and in his expanded role as head of global wealth structuring he will manage all of Citi Private Bank’s global trust businesses.

Mr James replaces Claudia Rinschler, who was interim head of global wealth structuring. Ms Rinschler now becomes Mr James’ deputy and returns to an expanded role as global wealth structuring chief operating officer, covering all regions.

Mr Pigorini originally joined Citi in 1984 and since then has held various senior roles in ICG in New York, London, Madrid and Milan, including having been investment bank head for Italy and most recently global industry head for technology, media and telecoms, with the corporate bank. Mr Pigorini also led Citi Private Bank’s Italy, Spain and Portugal businesses between 1999 and 2002.

RBC Wealth Management appointed Keith Pearse as head of human resources for its international arm.

Mr Pearse was previously head of human resources for RBC Wealth Management in the British Isles; his new remit additionally covers continental Europe, Asia, North America, Latin America, the Caribbean and Canada. Prior to joining RBC Wealth Management in 2008, Mr Pearse was director of operations at CMS Cameron McKenna, the London-based international law firm.

 

 

 

 

 

 

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