People Moves
Summary Of Global Executive Moves In Wealth Management - December 2012

The Private Client Reserve, a unit of US Bank, appointed
Matthew
Ordway as a vice president and wealth management advisor in
Chicago, IL,
and the greater metro area.
Ordway will provide private banking, personal trust,
investment
management and financial planning to HNW clients. Prior to
joining the
PCR, Ordway was a vice president/relationship manager at PNC Bank
Wealth
Management.
Didem Nisanci, chief of staff at the Securities and Exchange Commission, left the agency.
Nisanci was named chief of staff in March 2009 and was a
senior
advisor to the chairman on policy, management and regulatory
issues.
New York-based Royal Alliance Associates, an independent
broker-dealer, recruited three advisor teams with a combined
$800
million in assets under management.
The three advisor teams are: Beverly Hills Financial Planners
in
Beverly Hills, CA; Ranker-Hanshaw Wealth Management in
Harrisburg, PA;
and Informative Financial Services in Sylvania, OH.
The Hedge Fund Association set up a new high net worth
advisory
board, chaired by marketing veteran April Rudin. The HNW advisory
board
will develop educational programs and networking events globally
for
wealthy investors.
In a separate move, the HFA promoted Ryan Mitchell to HFA West Coast chapter regional director.
Philadelphia, PA-headquartered Janney Montgomery Scott
promoted
Anthony Miller to executive vice president, chief administrative
officer
and financial operations principal.
Miller joined the firm 10 years ago as the director of internal
audit
and was later promoted to chief financial officer. Prior to
joining
Janney, he worked at Ernst & Young.
In a separate move, Janney brought in Gregory McShea as senior vice president and general counsel.
McShea has 15 years of experience in regulatory and legal
affairs
within the financial services industry, most recently with
M&T Bank.
There he oversaw the regulatory and compliance function of the
asset
management division, and was also responsible for compliance
oversight
of the bank’s broker-dealer unit.
Waterbury, CT-headquartered Webster Bank appointed Al Falco as
a
senior vice president and senior private banker serving the
Greater
Hartford region.
Falco will provide individuals with banking, lending,
investment
trust and planning services, as well as institutional asset
management
for middle-market corporations and non-profits.
He was latterly a senior vice president and private client
manager in
the private wealth management division at US Trust, Bank of
America.
Wells Fargo Advisors recruited the financial advisor team of
Joseph
DiRago and Penny DiRago from Morgan Stanley Wealth Management.
The two
brokers, who are husband and wife, joined the firm's San Antonio,
TX,
office, where they report to branch manager Hugh Patterson.
Joseph and Penny DiRago both worked at Morgan Stanley for over
six
years. Over the past year they generated $1.4 million in fees
and
commissions, and managed $180 million in client assets.
Peter Moertl left his post as head of international wealth
management
at BNY Mellon. He held the role for "a little more than two
years" and
there are no plans to replace him at this time. As head of
international
wealth management, Moertl lead the firm's international high
net
worth/family office client business in Asia-Pacfic, Latin
America,
Europe, the Middle East and Africa, according to LinkedIn.
Northern Trust expanded its wealth management team in Dallas,
TX,
adding Michael Montgomery as managing director and Jamie Cuellar
as
senior investment portfolio manager.
Montgomery will lead a team serving affluent individuals and
families
with investment management, fiduciary and credit needs. He will
report
to Dallas region president Mark Flagg. Cuellar, who reports
to
Montgomery, will advise clients on their investment
needs.
Montgomery was most recently a managing director at Harris
myCFO.
There, he served as the primary contact, financial strategist
and
coordinator for the firm's wealth management and family office
services
across the Southwest.
Cuellar was latterly a managing director and portfolio manager
with
PineBridge Investments and a predecessor subsidiary, John
McStay
Investment Counsel.