Summary Of Global Executive Moves In Wealth Management - December 2012
The Private Client Reserve, a unit of US Bank, appointed
Ordway as a vice president and wealth management advisor in Chicago, IL,
and the greater metro area.
Ordway will provide private banking, personal trust,
management and financial planning to HNW clients. Prior to joining the
PCR, Ordway was a vice president/relationship manager at PNC Bank Wealth
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
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
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
board, chaired by marketing veteran April Rudin. The HNW advisory board
will develop educational programs and networking events globally for
In a separate move, the HFA promoted Ryan Mitchell to HFA West Coast chapter regional director.
Philadelphia, PA-headquartered Janney Montgomery Scott
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
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
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
senior vice president and senior private banker serving the Greater
Falco will provide individuals with banking, lending,
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
the private wealth management division at US Trust, Bank of America.
Wells Fargo Advisors recruited the financial advisor team of
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
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
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,
adding Michael Montgomery as managing director and Jamie Cuellar as
senior investment portfolio manager.
Montgomery will lead a team serving affluent individuals and
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
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
PineBridge Investments and a predecessor subsidiary, John McStay