People Moves
Summary Of Wealth Management Executive Moves - November 2012

Standard Chartered's chairman for the Americas, David
Stileman,
retired on November 16 after 29 years at the bank. He will not
be
replaced.
Stileman became chairman for the Americas in June 2011,
having
previously served as chief executive of the bank's Americas
business
since late 2007. In this role he was succeeded by Julio Rojas in
New
York.
Minneapolis, MN-based US Bank hired Lisa Simonson and Kato Wade
as
director of financial administration and director of private
client
experience, respectively, for Ascent Private Capital Management,
the
firm's wealth management unit that caters for clients with at
least $25
million in assets.
In a separate move, the bank also named Jorgen Gustafson as
vice
president and senior portfolio manager at the Private Client
Reserve - a
role in which he will provide clients with integrated and
customized
investment services.
RBC Wealth Management International, a division serving high
net
worth clients in Latin America, the Caribbean and the US, hired
Nicolas
Seigal as branch director in Miami.
Seigal was formerly associate director of Merrill Lynch’s
Miami
complex and has been in the industry 18 years, having also worked
in
Uruguay with Merrill Lynch and BankBoston.
At RBC, he takes on responsibility for 13 advisors in the
Miami
office and a further eight in New York until a branch manager can
be
found for that office. He reports to Ricardo Morean, director
of
international advisory.
UBS Wealth Management Americas bolstered its broker force in
Aventura, FL, bringing in a team of advisors from Morgan Stanley
Wealth
Management.
Advisors Michael Bulhack, Mario Ponczek and Douglas Ponczek
previously managed $423 million in client assets and generated
$1.6
million in annual revenue.
HSBC announced new chief executives for its operations in Canada, Australia and the Philippines.
The changes come as, after more than 25 years with HSBC
Group,
Lindsay Gordon will retire as president and CEO of HSBC Bank
Canada and
chairperson of HSBC Global Asset Management (Canada), effective
January
5, 2013.
Gordon will be appointed to the board of directors of HSBC France, subject to required approvals.
Paulo Maia, who will succeed Gordon on January 7 next year,
is
currently CEO of HSBC Bank Australia, a position he has held
since July
2009. Maia held a variety of senior positions with HSBC Bank
Brazil
including executive director of each of the bank’s main business
lines,
and then deputy CEO. Maia joined HSBC in 1993.
In turn, Maia will be succeeded in Sydney by Tony Cripps on
December
24, 2012, who returns to Australia with more than 25 years of
experience
working with HSBC globally.
Nasdaq-listed First PacTrust Bancorp, the holding company for
Pacific
Trust Bank and Beach Business Bank, added a number of senior
staff to
its financial team.
Ronald Nicolas took over as executive vice president and
chief
financial officer of First PacTrust on November 5, after a period
of
acting as a consultant to the firm. He replaced Marangal Domingo,
who
resigned following the filing of the firm’s Q2 results.
Meanwhile, Lonny Robinson joined as executive vice president
and
chief financial officer of Pacific Trust Bank. Previously,
Domingo was
CFO of both First PacTrust and Pacific Trust – a role which has
now been
split. Robinson was latterly CFO of Hamni Financial Corporation,
a
publicly-traded bank holding company, and its subsidiary Hamni
Bank.
Finally, the firm appointed Craig Naselow as executive vice
president, treasurer and chief investment officer of First
PacTrust and
PacTrust Bank. He was previously senior vice president, treasurer
and
investment executive at Aris Development Company.
New York-headquartered Goldman Sachs appointed Mark Tucker as an independent director.
Tucker's appointment expands the board to 12 directors, 10 of
whom
are independent. He will serve as a member of the firm's audit,
risk,
compensation and corporate governance and nominating committees.
Tucker is also group CEO and president of AIA Group, an
independent
pan-Asian life insurance group. Between 2005 and 2009 he served
as group
CEO of Prudential.