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Summary Of Executive Moves In Global Wealth Management - September 2020

Editorial Staff

12 November 2020

International moves (UK, continental Europe, select financial centres, Middle East, Africa) 
Newton Investment Management, part of BNY Mellon Investment Management, appointed Louise Kernohan as UK equities portfolio manager. She runs the BNY Mellon UK Equity and the BNY Mellon UK Opportunities Funds alongside Simon Nichols and Ben Smith. Kernohan joined from Aberdeen Standard Investments, where she was an investment director of UK equities. She managed the ASI UK Equity and ASI UK Responsible funds, as well as co-managed the Dunedin Income Growth Investment Trust. Prior to that, she was senior investment manager in the firm's pan-European equity team.

Fund manager Hawksford added three senior figures to its global team. In Jersey, Gavin Wilkins joined as global head of client and intermediary relationships, and Ross Rennie joined as manager of corporate services. Serene Lim joined as associate director in Singapore.

Withers added public office fire-power to its ranks. It named Conservative MP and former Attorney General Geoffrey Cox QC as consultant global counsel. Cox works with the firm advising private and overseas government clients on international commercial litigation, fraud disputes, international arbitrations (in investment treaty and commercial) and public international law matters. Cox continues serving Torridge and West Devon as a Conservative MP and undertaking his barrister duties at Thomas More chambers. He was made Attorney General in 2018 and sacked by Downing Street in February in a post-Brexit reshuffle.

Hawksmoor Investment Management, a UK firm, appointed Neal Smith as head of distribution for the South West region of England and Wales. Smith has worked in financial advice, compliance and features writing, as well as business development. During his business development career he set up the business-to-business wing at Whitechurch Securities and was more recently head of sales, South West and Wales at Parmenion.

Nils Hoffmann joined State Street as a client executive for Europe, the Middle East and Africa. Based in Frankfurt, he reports to Silvio Angius, a leader of the global clients division, and Stefan Gmuer, chief executive officer for State Street International. With more than 20 years’ experience in financial services, Hoffman joined from Ebury where he led the business in Austria, Germany and Switzerland (DACH region). Prior to this, he held senior positions within the strategic consultancy and asset management industries, including BlackRock Solutions and McKinsey & Company in Europe and North America.

In a series of senior moves, Nedbank Private Wealth named Andrew Corlett OBE and Jeremy Wilson as independent non-executive directors. Corlett was appointed as chairman of the board for Nedgroup Trust, the boutique private bank's trust business. John Harris also joined the Nedgroup Trust board.

Commerzbank, Germany’s second-largest bank, appointed Deutsche Bank private banking head Manfred Knof as its new chief executive. Knof, who starts in January, took over from CEO Martin Zielke, who resigned along with Commerzbank’s chairman in July.  Knof, who was head of Deutsche Bank private bank in Germany, also, until 2017, was CEO at Allianz Deutschland. Knof, who has been head of Deutsche Bank private bank in Germany, has also, until 2017, been CEO at Allianz Deutschland.

Brooks Macdonald promoted Edward Park to the role of chief investment officer. He succeeded co-founder Richard Spencer, who continued to serve clients and act as a senior advisor to the investment committee. The wealth manager appointed Park as deputy CIO to Spencer in 2018. 

Jersey Finance, the organisation promoting the offshore jurisdiction, appointed former top KPMG figure Jason Laity as its chairman. He took over from Gunther Thumann, who had been in the role from 2017. Laity worked for more than 30 years in international financial services. Laity’s most recent role was head of fintech for Digital Jersey, a position where he was responsible for spearheading the fintech agenda for Jersey.

Marie Jacot-Cardoen was appointed global head of distribution at Edmond de Rothschild Asset Management, where she sits on the executive committee and reports to global CEO for asset management Christophe Caspar. She joined following a long career at Goldman Sachs where she headed investment solution distribution for the firm’s asset management business in several European countries. At the US investment bank, she marketed a range of traditional and alternative investment solutions to institutional clients, banking networks, private banks, family offices and investment companies.

Quintet Private Bank’s UK operation, Brown Shipley, hired Matt Hoyne and Gerard Wilson in Edinburgh. Hoyne leads the Edinburgh team and works alongside Wilson to increase business growth in Scotland. Hoyne moved from UBS in Edinburgh, where he has worked with HNW clients for the past seven years. He was previously a senior private banker at Lloyds-owned Bank of Scotland and has spent time as a wealth advisor at US broker Merrill Lynch in Missouri.

Jersey-based litigation and dispute resolution firm, Baker & Partners, launched Baker Regulatory Services Limited, a specialist regulatory consultancy. The new entity is led by Barry Faudemer, former director of enforcement of the Jersey Financial Services Commission. Faudemer, who joined as CEO, was at JFSC for 13 years. Prior to that, he was the head of the Police and Customs Joint Financial Crimes Unit. He graduated from the FBI National Academy, having studied terrorist financing. Advocate Cyril Whelan also serves as chairman of Baker Regulatory Services, after recently completing a ten-year post as a Commissioner of the JFSC.

Vontobel hired former fintech CEO Toby Triebel to manage its digital investing client unit. Triebel joined the Zurich bank from Toronto-based fintech Wealthsimple, where the German national spent four years as CEO of Europe and head of international business, launching in Europe and growing its US and European market presence.

Infrastructure investment specialist Dalmore Capital appointed Andrew Marsden as a managing director. At Dalmore, Marsden reports to the UK fund manager’s CIO Alistair Ray. Marsden was previously managing director in Canadian pension fund CDPQ’s infrastructure investment group. He has also been a managing director at GE Capital where he led the European investment activities of the group's energy and utilities investment group from 2004 to 2017; he was head of origination for EMEA and Latin America between 2015 and 2017.

Raymond James opened a new branch in Watford to be run by branch principal Nick Fox. The new office in Nascot Wood provides discretionary and advisory investment services to clients based across the UK.

aixigo, an Aachen, Germany-based software firm for wealth managers, named André Brunner as head of product management. Former career stints included responsibility for various business and IT transformation projects at Credit Suisse’s asset management arm, as well as work in the consulting business at Capco in Switzerland. He initially worked for the management consultancy Accenture GmbH, supporting various projects for financial service providers throughout Europe.

PIMCO, the fixed income house based in the US, appointed Mathieu Clavel as managing director and portfolio manager, head of private credit for Europe. Clavel, who is based in London, manages PIMCO’s European special situations business. Previously, Clavel worked at Sculptor Capital, the multi-strategy hedge fund formerly known as Och-Ziff Capital Management, where he was head of European and Asian corporate credit and co-head of Europe. He worked at Och-Ziff for 11 years. 

7IM, aka Seven Investment Management, appointed Adrian Grace as chairman. He replaced Ian Owen who stepped down after approaching five years in the role. Grace has worked for 40 years in financial services and technology companies.

European asset management platform Mediolanum appointed Barry Noonan as chief information officer. Based in Dublin, he reports to CEO Furio Pietribiasi. In Dublin, Noonan leads a team of 14 in charge of the firm’s IT strategy and business growth in Ireland.

Royds Withy King appointed Amish Patel as an associate joining its private client team in London. Patel has specialised in a range of private client work since qualifying as a solicitor. 

HSBC Global Asset Management named Rachida Mourahib as head of fixed income for ESG and green research in the Global Credit Research team. Mourahib is based in Paris where she reports to global head of Credit Research Tina Radovic. Mourahib joined the bank in 2006 as an ESG analyst and subsequently worked as an equity and credit analyst specialising in pharmaceuticals and local authorities. Prior to this, she was an ESG and corporate governance analyst at BNP Paribas Asset Management.

Deutsche Bank named Loïc Voide and Kees Hoving as co-chief executives in the Middle East and Africa, based in Dubai. They replaced Jamal Al Kishi, who left Deutsche bank earlier this year to become deputy group CEO at Bahrain-based Gulf International Bank.

Voide was also appointed head of the international private bank for MEA, chief country officer for the UAE and general manager of Deutsche Bank AG Dubai Branch. Hoving was appointed as head of the corporate bank for MEA and head of corporate coverage for MEA.

Voide joined Deutsche Bank’s Wealth Management division in 2015 to cover the Turkish market and was subsequently appointed head of wealth management for Russia and Eastern Europe. In 2018, he was appointed head of wealth management MEA as well as head of Deutsche Bank Geneva. Wealth management became part of Deutsche Bank’s newly created International Private Bank in June. 

Hoving joined the German bank in 2010 as head of corporate transaction banking in Germany. In 2013, he moved to the Netherlands as head of the corporate banking business there and CEO of Deutsche Bank Nederland NV. In 2014, Hoving was appointed head of global transaction banking, responsible for EMEA (ex Germany) based in Frankfurt. In 2016, he returned to the Netherlands as the CCO. Prior to Deutsche Bank, Hoving held various senior positions over a 14–year period at Royal Bank of Scotland, Bank of America, JP Morgan and ING in London, Frankfurt, Moscow and Amsterdam.

Barclays appointed Gérald Mathieu as head of the private banking business for Europe, Monaco and Switzerland. Mathieu joined the UK-listed banking group in 2010. Previously, he led the Barclays Private Bank team in Monaco before becoming chief executive of Barclays Bank (Suisse). Mathieu retains his existing responsibilities as CEO of Barclays Bank (Suisse). Before joining Barclays, Mathieu was head of private banking at UBS for the Paris region. He has also had senior roles as head of sales at Merrill Lynch and private/corporate client director at BNP Paribas.

The global real estate investment business for Invesco appointed Anna Duchnowska as head of European asset management. Duchnowska joined Invesco in 2014 when she opened the Warsaw office, with asset management oversight for Poland. She replaced Etienne Dupuy, who is leaving the firm to pursue impact investing projects.

UK-based wealth manager LGT Vestra appointed Robert Hardy and Victoria Barber to join the business development team serving UK and international financial advisors. Prior to joining LGT Vestra, Hardy was business development director at Seven Investment Management (7IM). Barber was business development director at Octopus Investments where she was strategic partnerships manager, focused on building and maintaining relationships with advisory networks, service providers and national advice firms.

Impax Asset Management, the specialist fund house, appointed Emma Hunt as senior client director. Hunt is responsible for overseeing segregated mandates, Impax’s fund clients and strategic distribution partners. She reports to Meg Brown, executive director, marketing and business development. For more than 25 years, Hunt worked in the sustainable investment field, serving institutional and retail clients. She held senior positions in a range of firms including St James’ Place Wealth Management, Federated Hermes, Willis Towers Watson and Mercer. 

Citi Private Bank named one of its senior figures, Rob Laughlin, as global head of trust at the private bank, reporting to Peter Charrington, global head of the private bank. Laughlin is based in New York, joining the global leadership team. He transitioned with Philippa Nesbit, who remained at the bank until the end of September. Joining Citi in 2011, Laughlin started as the North America head of trust from Neuberger Berman, where he served as the chairman and president of Neuberger Berman Trust Company. Prior to that, he spent 10 years at JP Morgan in a variety of leadership roles within global fiduciary services, including serving as the head of their Delaware and international fiduciary services businesses. In 2015, Laughlin moved to Los Angeles and became the RMM of Citi’s Southern California and Arizona UHNW businesses, and in 2017 relocated back to New York. 

HSBC Global Asset Management appointed Philip Knueppel in the newly-created role of head of exchange-traded fund sales for Germany, Austria and Switzerland. Based in Frankfurt, Knueppel, reports to Olga De Tapia, global head of ETF sales. Knueppel has more than 15 years’ experience in the passive investment industry. 

ZEDRA, the international corporate, fund and wealth services business, appointed Sally Orton as group chief financial officer. Alongside her group financial brief, Orton heads the operational side of the group, including HR. With a career spanning three decades, most recently Orton was involved in board-level roles at Howden Broking Group.

Deutsche Bank International Private Bank appointed James Whittaker to head UK coverage. He joined from UBS where he most recently led its UK-based ultra-high net worth team. Whittaker, who was at UBS for 14 years, started his career at Coutts and is a graduate of the University of Bath where he read economics and politics.

Vienna-based Raiffeisen Bank International appointed one of its senior figures, Harald Kröger, to run its investment banking division arm. He replaced Matthias Renner, who is retired after holding the post since 2012. Kröger joined Raiffeisen in 2004 and was ultimately division head in risk management. In May 2019, he joined RBI subsidiary RCB. 

Nedbank Private Wealth appointed Chris Kirk to lead its risk team, as part of a planned restructure of the risk and compliance teams. Kirk is based in the company’s Isle of Man office. With more than 33 years’ experience in the financial services industry, Kirk has worked for firms in London, continental Europe and Jersey. Prior to his new job, Kirk worked for three decades at HSBC and held executive posts in the first and second lines of defence, including global head of financial crime compliance for the commercial banking division.

Allfunds, the international fund distribution network, appointed Krzysztof Swiecinski as country head for Poland. Prior to joining Allfunds, he was head of fund dealing services in the country for BNP Paribas Securities Services, part of BNP Paribas.

Acquisition finance and debt capital markets specialist Jad Nader joined Ogier as a partner in its Luxembourg Banking and Finance team. Nader, who recently relocated from New York where he ran the Luxembourg desk of a large European law firm, specialises in handling cross-border lending transactions as well as debt restructuring. Nader has authored a number of articles on fund finance, cross-border lending, debt restructuring and debt capital markets. He is active in academic circles, and has lectured on guarantees, security interests, mortgages, property and fiduciary rights.

The UK’s Financial Conduct Authority, Prudential Regulation Authority and the Bank of England appointed Amerdeep Somal as Complaints Commissioner. The Commissioner oversees final stages of investigations into complaints against the FCA, PRA and the BoE. The role is independent from the three organisations. Somal stepped down as the independent assessor of the Financial Ombudsman Service, a council member on the General Medical Council, and as a senior independent panel member for public appointments at the Cabinet Office.

A former director of Deutsche Bank Wealth Management was appointed to drive the UK business of the Anglo-Swiss firm Bellecapital. It hired Corin George, who was a director at Deutsche Bank Wealth Management from 2012 to June 2020. It also named a number of other personnel:

Paola Matulli, joined as an executive director in the Zürich office focusing on European clients. Matulli was a director at Barclays Private Bank in London where she advised and managed UHNW European individuals, families and familiy offices. She was previously at Goldman Sachs Asset Management, London and JP Morgan Geneva. Itay Halperin came on board as a senior investment manager from Credit Suisse where he covered the Israeli market as part of the Emerging Europe division. He is based in London and focuses on Israeli UHNW clients. Prior to Credit Suisse, Halperin held senior positions at Compagnie Bancaire Helvetique and Citibank in Tel Aviv.

Northern Trust made two senior female hires for its Middle East and Africa management team in the Kingdom of Saudi Arabia. 

Areej Al-Mokbel was appointed chief operating officer for the Middle East and Africa, responsible for overseeing business operations for Northern Trust’s offices in Riyadh, Saudi Arabia and Abu Dhabi, and the United Arab Emirates. Areej Al-Mokbel has more than 20 years of experience working in the financial services industry. She has spent more than 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held a number of technology management positions with SABB, formerly known as the Saudi British Bank.

Effat Badeeb was appointed deputy country manager at The Northern Trust Company of Saudi Arabia, overseeing the day-to-day management of Northern Trust’s business. Her responsibilities include business management, talent development and exercising financial and regulatory oversight of business activities in the Kingdom of Saudi Arabia. Badeeb has 14 years’ experience in the financial industry, having previously held senior positions with HSBC Saudi Arabia and BNP Paribas Investment Company. Prior to her current role, she was Northern Trust’s chief compliance officer for the Middle East. They both report to Michael Slater, head of Middle East and Africa at Northern Trust.

Employment and immigration specialist Constantine Law added to its financial crime and regulatory team, recruiting Ami Amin as a senior associate. Amin joined from BCL Solicitors, where she has worked since 2017. Prior to that she was at Kingsley Napley LLP.

Offshore law firm Carey Olsen named Alex Hall Taylor QC as partner and head of its British Virgin Islands (BVI) dispute resolution and litigation practice. He took over from Ben Mays who decided to retire to pursue new opportunities. Hall Taylor joined having expanded the firm’s BVI litigation and insolvency offering in Hong Kong, Singapore and London over the past year. He specialises in international commercial litigation, insolvency and dispute resolution, including arbitration and mediation. The former Lincoln’s Inn barrister has extensive case management, interlocutory, trial and appellate advocacy experience, including before the Privy Council.

Trium Capital, which operates in the alternative investments space, appointed hedge fund manager Tej Johar. Johar joined Trium after extensive experience running successful event-driven strategies for a range of hedge funds. Johar joined from Man GLG, where he ran a European long/short event-driven equity portfolio. Before joining Man GLG, he was chief investment officer of Broad Bridge Capital, where he also ran an event-driven equity alternative strategy. Prior to this role, he spent almost three years at BlueCrest Capital Management. Before BlueCrest, he worked at Credit Suisse, Marshall Wace and UBS Investment Bank. 

Accountancy and business advisory firm BDO appointed Catherine Grum, formerly of KPMG, as head of its family office services business. This is a new position. Grum is based in London, and joined BDO’s private client services team. Grum has worked with family offices for over 15 years, and her work has included leading a private office, sitting on the board of three international trust companies, and coordinating wealth structuring with investment management. She trained as a private client lawyer at Allen & Overy.

In a newly-created post, Alexandra Haggard joined Capital Group as head of product and investment services for Asia and Europe. She is based in London and reports to group head Guy Henriques.

Haggard joined from BlackRock, where she was global head of equity product and EMEA head of strategic pricing. Before that she was CEO of UK consultant Stamford Associates, and MD for product and marketing for EMEA at Russell Investments. 

Tilney Smith & Williamson appointed Maurice Keane and Jeremy Bezant to join its international business development team in the firm’s Tilney for Professionals division. Keane joined as head of international business development, and Bezant as business development manager. Both report to business development head Craig Wright. 

Keane, who will be based in London, joined from Rathbone Brothers, where he spent the last three years as managing director of international business development. Before that, he spent 11 years at Standard Chartered in a number of roles, including head of international banking for Europe and Jersey. London-based product development specialist Bezant also joined from Rathbone Brothers, where he has worked since 2018 as director of international business development. Prior to that, over the course of 20 years in the sector, he worked at Janus Henderson, Alliance Bernstein, and Neuberger Berman.

Lyxor Asset Management, part of French banking group Societe Generale, appointed Florence Barjou as chief investment officer. Based in Paris, Barjou reports to Lionel Paquin, Lyxor’s chief executive. Barjou took over from Guillaume Lasserre, who left the company to pursue new opportunities. Bajou served as deputy CIO from 2015.

Intertrust appointed Nick Maton as Luxembourg country head and managing director. Maton took over from David O’Neill, who joined Intertrust as Luxembourg Managing Director last year. Maton has almost 30 years’ experience in the financial services industry covering both the buy and sell side.

Kleinwort Hambros named Fahad Kamal as its new chief investment officer, taking over from Mouhammed Choukeir, who stepped into the chief executive seat. Kamal has been in several senior investment roles since joining the bank in 2012, most recently two years as chief market strategist. Prior to joining the firm, Kamal worked as a programme manager in Lahore for the United States Agency for International Development (USAID) and spent time as an analyst at Institutional Shareholder Services, according to his public profile.

Tilney Smith & Williamson appointed John Bunch as chief commercial director, hiring him back from the US for the newly-created role. The 30-year veteran, with a long career in the US market, reports to group chief executive Chris Woodhouse. Bunch is former COO and executive vice president of Edelman Financial Engines. He was also previously president of client services at TD Ameritrade in charge of the retail client experience at the branch, investor services, guidance solutions and investor education level.

Beaufort Financial, the UK advice business and part of Beaufort Group, named Gwilym Lloyd Jones as the new director of its North Wales firm – Beaufort Financial St Asaph & Chester. Lloyd Jones took over from managing director and founder, Stephen Lyth, who retired after more than 38 years in the financial planning industry. 

Succession Holdings Jersey appointed Patrick Gale as non-executive chairman. The appointment followed the retirement of Ray Pierce from Succession, who has been in the post since the firm was founded in 2009.  Gale has more than 30 years’ experience in financial services, having previously worked in senior roles at Misys and independent financial advisor service company Sesame, where he was chief executive for seven years. He has since worked in a non-executive and advisory capacity across multiple leading financial services institutions, including Aegon, Defaqto, JLT Group, INED, The Boston Consulting Group and The Aztec Group.

The chief executive of Falcon Private, Martin Keller, resigned by mutual consent from the private bank. The embattled firm announced in May this year that it was winding down in Switzerland, and would cease operations in 2021. Falcon’s board named Matteo Maccio, previously its chief financial officer, as the new CEO. Keller had been in the role since September 2017.

Berenberg, the German bank, appointed David Mortlock and Christian Kühn as the 39th and 40th managing partners in the 430-year history of the bank. Mortlock was the first non-German to become a managing partner of Berenberg since its founding. He also took a 5 per cent stake in the bank. 

Mortlock and Kühn joined a management board made up of Hans-Walter Peters (and the bank’s spokesman of the managing partners) as well as Hendrik Riehmer. Peters, who is also the president of the Association of German Banks, stepped down as managing partner. He became chairman of Berenberg’s Advisory Board. 

Riehmer is responsible for Berenberg’s wealth and asset management as well as corporate banking, while Kühn remained in charge of risk, information technology and compliance. In London, Mortlock continued to be in charge of Berenberg’s investment bank.

Mortlock has been with Berenberg since 2010. He became global head of equities in 2013 and has been a member of the extended management board since January 2017. Kühn has been with Berenberg since 1997. He became head of controlling in 2007 and division head in 2013. He has been a member of Berenberg’s extended management board since January 2017. 

BIL Suisse, the Zurich-based subsidiary of Banque Internationale à Luxembourg, added two personnel to its senior ranks. Joining from ABN AMRO, Michiel Haasbroek was been named chief risk officer. Haasbroek began as an operational risk manager in the Netherlands in 2007, later moving to Hong Kong then Shanghai to take up similar risk management roles. Most recently, he was chief risk officer for Greater China and alternate chief executive for ABN AMRO’s Hong Kong branch.

It also tapped Geneva-based Rémy Savoya to head corporate and institutional banking for the group in Switzerland. He worked in capital advisory and structured finance at Lehman Brothers and Barclays Capital. Latterly, he was managing director at Kepler Cheuvreux in Geneva charged with developing its debt advisory, equity-linked and debt capital markets.

India Capital Growth Fund appointed Patrick Firth as a member its board and chairman of the audit committee.  As previously disclosed, John Whittle stood down from the board and as audit committee chairman.

Serene Lim was hired by Hawksford, the international corporate, private client and funds business, as an associate director in Singapore. Lim, previously from TMF, has a background in capital markets and structured finance, including trust structuring and succession planning for BVI and Cayman Trusts. She also sits as a secretary at the STEP Singapore branch.


HSBC appointed Maggie Ng as the head of wealth and personal banking, Hong Kong. Ng, who joined from IG Group, the online trading platform organisation, is the Greater China chief executive. Prior to that, Ng co-founded a fintech wealth management and asset management company – Assured Asset Management. She has worked in the financial services industry for more than 20 years.

BNY Mellon Investment Management made two hires for its teams in Hong Kong. 

Barnaby Jones joined as vice president for Institutional Distribution, reporting to Eric Yu, head of Greater China, institutional distribution. Jones concentrates on driving business growth amongst institutional investors such as sovereigns, pensions, endowments and insurance firms in Hong Kong, Macau and select markets in South East Asia.

Victor Lam joined as vice president for intermediary distribution, reporting to Nicolas Kopitsis, head of intermediary distribution Asia ex Japan. Lam focuses on building on existing relationships and growing new relationships with private banks in Hong Kong, as well as expanding BNY Mellon Investment Management’s footprint in Hong Kong’s retail channels.

Jones was most recently associate director, institutional business, Asia-Pacific, at M&G Investments, where he managed relationships with clients across Asia ex-Japan, representing the company’s fixed income, equity, multi-asset and alternative strategies.

Lam was most recently an associate director at Value Partners and prior to that assistant vice president, business development at Pinebridge Investments.

GAM Investments appointed Jill Barber as global head of institutional solutions. Barber reports to group chief executive Peter Sanderson. She partners with Jeremy Roberts, who joined the firm in September as global head of distribution with a focus on wholesale clients.

Barber brings 25 years’ experience in sales, business development, client relationship management and consultant relations. She was previously at Jupiter Asset Management as global head of institutional. Prior to that, Barber was head of institutional for the UK and Ireland at Franklin Templeton Investments. 

Indosuez Wealth Management, part of France-based Crédit Agricole, made a clutch of senior hires for its Asia region.

The firm appointed Davis Hall as head of capital markets, Asia. Hall, who is based in Hong Kong, is responsible for planning and executing the capital markets strategy, policies and procedures in the areas of structured products, foreign exchange and precious metals, OTC derivatives and the spectrum of trade execution activities. 

He brings to Asia more than 30 years of experience as the global head of foreign exchange and precious metals advisory at Indosuez prior to his relocation to Hong Kong earlier this year.

It also appointed Madeline Cheng as head of real estate, Asia and Jackson Ho as foreign exchange and precious metals advisor, to amplify its product and service offerings for clients in the region. Covering Southeast Asia and North Asia markets, Cheng is responsible for shaping Indosuez’s strategy for real estate products and financing in the region. 

Hall reports to Arjan de Boer, head of markets, investments and structuring, Asia, Cheng reports to Julien Collin, head of markets, investments and structuring, Singapore, and Ho reports to Trevor See, head of forex and precious metals advisory, Hong Kong.

Southeast Asia’s Hg Exchange started to trade private company shares over its platform after securing a regulatory green light from the Monetary Authority of Singapore in June.  The exchange, or HGX, yesterday said its founding members, PhillipCapital, PrimePartners and Fundnel, began to trade shares. The organisation also officially named Richard Teng as chairman. Teng most recently served as chief executive of the Financial Services Regulatory Authority at Abu Dhabi Global Market. 

Citi Private Bank named one of its senior figures, Rob Laughlin, as global head of trust at the private bank, reporting to Peter Charrington, global head of the private bank. Laughlin is still based in New York, joining the global leadership team. He transitions with Philippa Nesbit.

Joining Citi in 2011, Laughlin started as the North America head of trust from Neuberger Berman, where he served as the chairman and president of Neuberger Berman Trust Company. Prior to that, he spent 10 years at JP Morgan in a variety of leadership roles within global fiduciary services, including serving as the head of their Delaware and international fiduciary services businesses.

ZEDRA, the international corporate, fund and wealth services business, appointed Sally Orton as group chief financial officer. Alongside her group financial brief, Orton heads the operational side of the group. With a career spanning three decades, most recently she was involved in board-level roles at Howden Broking Group. Orton's career began at KPMG in Australia, followed by spells at PwC and EY London before becoming deputy group financial controller at Man Group, the listed hedge fund business. She was also CFO at LCH Limited.

Japanese banking group Nomura appointed Ravi Raju, the former head of ultra-high net worth business and the global family office arm at UBS in Asia-Pacific. The role was a newly-created one. Raju, who operates from Singapore; was appointed as head of international wealth management. Raju reports to Rig Karkhanis, deputy head of global markets and head of global markets, Asia ex-Japan, with an additional reporting line to Ashley.

Eastspring Investments appointed Adisorn Sermchaiwong as chief executive of its Thai businesses, TMWAM Eastspring and Thanachart Fund Eastspring. Sermchaiwong took over from Boonchai Kiattanavith, CEO of TFUND Eastspring, and Dr Somjin Sornpaisarn, CEO of TMBAM ES. Kiattanavith left to pursue other interests and Dr Somjin retired after 11 years in his role. Reporting to Wai-Kwong Seck, CEO Eastspring Investment, Sermchaiwong is responsible for overseeing the integration of Eastspring’s two Thai asset management businesses as well as growing the firm’s retail and institutional presence. 

Fintech firm Milestone Group, which puts money into fund processing, asset allocation and oversight automation, named Marian Azer as managing director for Asia Pacific (APAC) based in Sydney, Australia. Reporting to London-based CEO Paul Roberts, Azer  has overall responsibility for market engagement, client success and go-to-market strategy across Asia-Pacific, with particular emphasis on the Australian and New Zealand markets.

HSBC Insurance (Singapore) appointed two senior executives to join its management team: Philip Pang as chief investment officer and How Chee Koon as chief product officer. Pang is responsible for developing, executing and overseeing the investment strategy of HSBC Life Singapore. Pang has over 15 years of experience in the insurance and investment sectors. He spent the last eight years at Prudential Singapore and NTUC Income Singapore, both as head of investment, overseeing asset allocation, external fund manager selection and monitoring, portfolio implementation and oversight, investment processes and governance, and the product management of ILP funds. 

As chief product officer, How is responsible for the strategic implementation and execution of new product developments and the management of HSBC Life Singapore’s product suite. How has almost 15 years of life insurance experience across areas including product development, actuarial pricing and valuation, data analytics, distribution and marketing. How was most recently head of consumer marketing at AIA Singapore, where he successfully rolled out several customer- and distributor-centric initiatives to grow the business. 

Capital Group, which oversees more than $1.9 trillion in assets under management, appointed Alexandra Haggard to a new role: head of product and investment services for Asia and Europe. Haggard is based in London and reports to Guy Henriques, head of Asia and Europe client group. Before this appointment, Haggard was global head of equity product and EMEA head of strategic pricing at BlackRock. 

Stephan Ruoff was made head of Schroder Secquaero, an insurance-linked business within Schroder Investment Management Switzerland. He succeeded Dirk Lohmann.

BNY Mellon Investment Management was granted a business licence in Taipei by the Securities Investment Consulting Enterprise. It named Rebecca Chu as head of Taiwan. Chu, who joined BNY Mellon Investment Management in 2016, is responsible for developing the distribution strategy for Taiwan across institutional and intermediary markets, based in Hong Kong. Chu is also responsible for driving growth amongst Taiwanese clients’ with a presence in the Greater China region. Prior to joining BNY Mellon, she was a fund manager with CTBC Investments for three years. Before that, Chu worked as an assistant manager in the foreign fixed income investment team of Cathay Life.

State Street, the US-based group appointed Mostapha Tahiri as head of Asia-Pacific and Joanne Chen as head of China. Both were previously at BNP Paribas. Based in Singapore, Tahiri reports jointly to Andrew Erickson, chief productivity officer and chief executive officer for State Street’s international business, and Francisco Aristeguieta, CEO of State Street Institutional Services. Tahiri succeeded Ian Martin, who was appointed global head of the Asset Owner segment. Tahiri joined from BNP Paribas, where he worked in numerous leadership positions over the past 20 years. Most recently, he served as the Asia-Pacific CEO of BNP Paribas Securities Services and was a member of their executive committee.

North America
Goldman Sachs folded several of its business lines into new divisions, taking effect from the start of January 2020. It is alighned its private wealth and consumer businesses in a consumer and wealth management division to serve individual clients across the wealth spectrum; this is led by Stephanie Cohen and Tucker York. Separately, it put merchant banking and asset management businesses under one roof in an asset management division, led by Eric Lane and Julian Salisbury. 


Tucker York, who is global head of wealth management and joined the firm in 1986, was named a partner in 2000. Stephanie Cohen is chief strategy officer, joining the US firm in 1999, and has been a partner since 2014. Eric Lane is global co-head of the consumer and investment management division, joining Goldman in 1996. He was made a partner in 2002. Julian Salisbury serves as global head of the merchant banking division; he joined the firm in 1998 and was made a partner in 2008.

Matthew Santangelo was named New England regional head of client strategy and business development at BNY Mellon Wealth Management. Based in Boston, the former US Navy officer leads sales. He reports to regional president Vicary Graham. Santangelo joined from Northern Trust, where he was a senior wealth strategist providing wealth structuring advice to the firm's ultra-high net worth clients.

Envestnet appointed Dana D'Auria as co-chief investment officer. D'Auria most recently served as managing director of Symmetry Partners, where she worked for the last 14 years and also served as president and portfolio manager of Symmetry Panoramic Mutual Funds, the firm's multi-factor family of funds. At Symmetry Partners, D'Auria led the investments/research, mutual fund, and investment communications departments, and helped develop new investment strategies to meet the needs of clients.

Principal Financial Group promoted Pat Halter, chief executive officer and president of Principal Global Investors, as president of Principal Global Asset Management. 

Halter continues to serve as CEO for Principal Global Investors. Leadership changes followed the decision of Tim Dunbar, president, Principal Global Asset Management, to retire at the end of the year, after serving 34 years with the company.

Kamal Bhatia, president of Principal Funds, was promoted to chief operating officer for Principal Global Investors. 

Citigroup appointed former Morgan Stanley senior figure Johnbull Okpara as controller and chief accounting officer. Okpara had been global head of financial planning and analysis and chief financial officer of the infrastructure groups at Morgan Stanley since 2016. Before that he was deputy controller at Capital One Financial Corp. Okpara succeeded Jeff Walsh, who stepped into the role on an interim basis in February following the departure of Raja Akram, the bank’s former chief accountant. Walsh was Citi’s controller and chief accounting officer from 2009 through 2017. He retired from the bank last year after serving until early 2019 as head of transformation for the independent risk management division. Walsh is returning to retirement.

Citi Private Bank named one of its senior figures, Rob Laughlin, as global head of trust at the private bank, reporting to Peter Charrington, global head of the private bank. Laughlin is based in New York, and joined the global leadership team. He transitioned with Philippa Nesbit, who left the bank at the end of September. Joining Citi in 2011, Laughlin started as the North America head of trust from Neuberger Berman, where he served as the chairman and president of Neuberger Berman Trust Company. Prior to that, he spent 10 years at JP Morgan in a variety of leadership roles within global fiduciary services, including serving as the head of their Delaware and international fiduciary services businesses. In 2015, Laughlin moved to Los Angeles and became the RMM of Citi’s Southern California and Arizona UHNW businesses, and in 2017 relocated back to New York.

A team from Wells Fargo Advisors broke away to build their own business, North Bend Wealth Management, affiliating with LPL Strategic Wealth Services, an affiliate model of LPL Financial. The new business, based in Vienna, West Virginia, was built by Marc DeCicco and Tad M Wilson. 

B Riley Wealth Management, a subsidiary of New York-listed B Riley Financial, named Edward J Grimpe as regional manager for the Southeast region. He serves as branch manager of the firm’s Miami office. Grimpe's 25-year financial services career began with Merrill Lynch where he was a financial advisor, trainee coach, branch manager and complex director. He joined BB&T Scott & Stringfellow in May 2013 as managing director and complex manager for South Florida, where he opened five offices and recruited the entire advisory team. 

Raymond James welcomed financial advisor Patrick Fulton in Lyons, Kansas. Prior to this, Fulton worked at Edward Jones for over 10 years, where he managed around $175 million in client assets. He was joined by client service manager Monica Otto and client service associate Amanda Beaver. The team operates as Salt Creek Wealth Advisors. Fulton, founder of Salt Creek Wealth Advisors, has been in the financial services industry for 11 years.

The Bank of New York Mellon Wealth Management named Heidi Simpson-Sandoval as institutional senior client strategist, in Los Angeles. Simpson-Sandoval, who reports to Los Angeles regional president, Steve Kutz, serves West Coast institutional investors. Before this, Simpson-Sandoval acquired more than 25 years of experience; she is returning to BNY Mellon after spending four years as regional director at Northern Trust, where she was responsible for OCIO sales to non-profit organizations and pension plans in the West Region. Previously, she worked with Mellon Financial Corporation and Dreyfus Corporation.

After chalking up a Series A from Nasdaq Ventures and Hamilton Lane in February, Canoe Intelligence appointed Jason Eiswerth as CEO to take the business through its next growth phase. He replaced Seth Brotman, who continued at the New York-based fintech as president and COO. Eiswerth was previously managing director of private investments at Nima Capital, a large single family office he joined in 2016 focused on alternatives, where he was also acting CFO and COO.

Sandy Martin joined Citi Private Bank’s high net worth team as a private banker in its Washington DC office. Martin has been at Citi Private Bank since 2011, working in the sector for more than 15 years. 

Concurrent, a partnership of independent advisors affiliated with Raymond James Financial Services, switched its onboarding practices to help eight advisor teams in the US to join its network. The eight teams are in Florida (four), Virginia (two) and one each in Maryland and Colorado. 

Among the new teams was GreenBridge Wealth Management of Clearwater, Florida, led by Jeffrey McDonald. John C Buck, Jr also formerly with Morgan Stanley, manages and advises on some $183 million in assets for clients in the Chevy Chase, Maryland area. The father-and-son team of John and Richard Picone, of Picone Financial Partners in Bonita Springs, Florida, who were already with Raymond James Financial Services, joined Concurrent with $122.8 million in AuM.

Another joiner was The Cavanaugh, Foster & Sebastian Wealth Management Group, comprising Mimi Cavanaugh, Bobby Foster and Olivia Sebastian. Formerly with Wells Fargo Advisors, they have $115 million in assets under management and are based in Colorado Springs.

Kerry Haines, formerly with Wells Fargo in Fort Meyers, Florida ($86 million AuM), Matt Lindamood from Edward Jones in Lebanon, Virginia ($69.7 million), Dianna Burkholder from Edward Jones in Gretna, Virginia ($68 million), and Michael Jensen from Morgan Stanley in St Petersburg, Florida ($73 million AuM and $60 million AuA) rounded out the new additions.

Canoe Intelligence appointed Jason Eiswerth as CEO, and replaced Seth Brotman, who continued at the New York-based fintech as president and COO. Eiswerth was previously managing director of private investments at Nima Capital, a large single-family office he joined in 2016 focused on alternatives, where he was also acting CFO and COO.

California-based Robertson Stephens Wealth Management appointed Raj Bhattacharyya as chief executive, succeeding Stuart Katz, who continued as chief investment officer. Bhattacharyya has been a member since January this year. Bhattacharyya, who has over 27 years of financial services experience across trading and capital markets, spent 17 years at Deutsche Bank, most recently as the head of the foreign exchange franchise in the Americas and head of the Latin American markets business, and previously as head of capital markets and treasury solutions in western Europe and the head of debt capital markets in North America. He also worked at Goldman Sachs in quantitative research and Merrill Lynch in derivatives. Most recently, as the founder and CEO of YY Capital, Bhattacharyya has been an early-stage investor and advisor for financial technology companies.

Key Family Wealth, the family office arm of Ohio-based Key Private Bank, named a former Wells Fargo advisor to join its team. Ken Kilbreath took on the role of wealth strategist and senior vice president for the West Region at the firm, based in the Seattle office - established in 2019. He reports to Doug Banbury, head of Key Family Client Development & Strategy. 

Kilbreath worked for than 20 years serving ultra-high net worth individuals and family offices. Previously, at Wells Fargo, he served UHNW families across the West providing asset management, family generational wealth transfer and philanthropic activities. Prior to that he was an estate planning attorney with Inslee Best Doezie & Ryder, where he also chaired the firm’s trust and estate planning group. 
UBS appointed William J Connolly as an account vice president and partner in the Cleary & Divine Group, part of UBS Private Wealth Management. Connolly is based in the Boston office. Connolly has an MBA from the Tuck School of Business at Dartmouth and a BA from Dartmouth College. 

Citigroup named David Poole head of wealth management for its US consumer banking business. Poole was formerly at Bank of America, where he ran BoA’s Merrill Edge and Merrill Guided Investing businesses. Before joining the US banking group in 2013, he had held senior positions at ETrade.

Bank of New York Mellon appointed Robin Vince as vice chair and as chief executive of its global market infrastructure operations. Vince reports to Todd Gibbons, BNY Mellon’s CEO and joined the financial group’s executive committee. Prior to this, Vince was chief risk officer at Goldman Sachs. He joined that US firm in 1994, carrying out leadership roles including treasurer, head of operations, head of global money markets, chief operating officer of the EMEA region and CEO of Goldman Sachs International Bank, among others.

Canadian firm Optimize Wealth Management appointed senior financial planner Wayne Lambert, who is based in the Winnipeg region. Lambert works with a team of licensed portfolio managers. Lambert is a Certified Financial Planner and a longstanding member of the Canadian Institute of Financial Planners, FP Canada and Advocis.

Rockefeller Capital Management added a Dallas, Texas-based wealth management firm to its private wealth management platform. Rockefeller brought in The Moore Group, led by Marie Moore, managing director and private wealth advisor. The team includes Shawn D Moore, senior vice president and PWA, Robin Barry, associate VP and client advisor, Emily H Lumley, senior associate and client associate, and Cassidy Steck, associate and client associate. The group joined Rockefeller from Morgan Stanley. 


Bank of the West, a subsidiary of Paris-based BNP Paribas, appointed Hope Mehlman as general counsel and corporate secretary, as well as corporate secretary of BNP Paribas USA. Mehlman leads Bank of the West's legal activities, regulatory relations and government affairs functions and serve as a member of its executive management committee. 

Ballentine Partners, a wealth management firm based in Waltham, Massachusetts, appointed Elliot Rotstein as senior client advisor. Rotstein, who was most recently a partner at MPI, focused on business valuation and advisory. He started his career at Fidelity Investments and served as its director of charitable planning. He is a graduate of Ithaca College and a Chartered Advisor in Philanthropy.

Argent Trust Company named Jeff Bradley as senior vice president of institutional services. Based in the Birmingham, Alabama office, he reports to Mark Milton, director of institutional services at Argent Trust. Prior to this role, Bradley worked for Regions Financial Corporation for 17 years. He started in Mobile as vice president of institutional services. In 2010, he moved to the Birmingham office and was promoted to senior vice president of institutional services. Prior to Regions, Bradley was vice president of trust at First-Citizens Bank and Trust in Raleigh, North Carolina.

Baird, the US wealth management house, brought on board Tennessee-based firm The Parker Group. It is based in Columbia in the state. Formerly with Morgan Stanley, the team includes Stewart J Parker and Drew M.Parker, who both serve as directors; Clay Buttrey, serve as vice president, associate financial advisor; and Richard T Law, serves as financial advisor.

Carson Partners, the group of wealth management firms across the US, brought over Financial Management, Inc, a business based in Yakima, Washington. The firm was founded by Clark L Permann, a senior wealth advisor, who has more than 28 years’ industry experience. The FMI team also Includes managing partner and senior wealth advisor Erik R Pielstick, who worked in the sector for more than 20 years.

Juncture Wealth Strategies, a US financial planning and investment advisory firm, appointed Bryan Noonan as a senior wealth advisor to serve high net worth families, professionals, and business owners from its office in Scottsdale, Arizona. Noonan joined from Edward Jones where he served as a financial advisor. He has been a financial services professional for 16 years.

BNY Mellon Wealth Management appointed Christine Calderon as a client strategist in Chicago. Reporting directly to Chicago regional president Stacie Kuhlman, Calderon is responsible for all aspects of wealth management product, service, and sales delivery.

Previously, Calderon was executive director, banker at JP Morgan, where she advised on personal wealth, including banking, lending, investment management, estate, tax, and charitable planning. She began her tenure at JP Morgan as a senior investment associate. 

Argent Trust Company named Jeff Bradley as senior vice president of institutional services in the Birmingham office. He reports to Mark Milton, director of institutional services at Argent Trust. Prior to this, Bradley worked for Regions Financial Corporation for 17 years. He started in Mobile as vice president of institutional services. In 2010, he moved to the Birmingham office and was promoted to senior vice president of institutional services. Prior to Regions, Bradley was vice president of trust at First-Citizens Bank and Trust in Raleigh, North Carolina.

HSBC Bank USA appointed Mark Pittsey as the head of wealth for HSBC USA. Pittsey is responsible for the entire wealth proposition across private management, spanning retail customers to ultra-high net worth clients. He reports to Pablo Sanchez, regional head of wealth and personal banking in the US and Canada. Holding a number of senior posts, Pittsey joined HSBC in 2010.

Compliance Risk Concepts appointed Jeff Press as a senior regulatory compliance professional. Press brought 25 years of expertise in compliance, risk and operations programs from build out, to gap analysis, to lights on optimization and maturity. Press was a CCO at large and small broker-dealers and registered investment advisors.

Sealy Investment Securities, the broker-dealer affiliate of Sealy & Company, added a number of senior figures to boost sales and distribution. Brian Rivera serves as executive vice president of business development and will be responsible for maintaining all existing selling agreements with Sealy's current distribution partners. Rivera has more than two decades of experience in the financial services industry, including roles with CIM Group and KBS Capital Markets Group.

The other two new appointments, Dawn Impellizzeri and Brian Duffy, were hired as senior vice presidents and joined existing wholesale team of Kerry Peoples, Mike McDaniel and Brett Williams.
Citi Private Bank appointed Matthew Rizzo to its manager research team, having previously left Morgan Stanley. 

Hohimer Wealth Management appointed Mark Dederer in the newly-created role of director for philanthropic services. Most recently, Dederer served as the executive director of the Biller Family Foundation. He was also senior vice president of community affairs for Wells Fargo in Washington, Oregon, and Alaska. He has also been VP of the Safeco Insurance Foundation. 

Canadian firm Optimize Wealth Management appointed senior financial planner Joe Palhad. Palhad previously worked as an aircraft mechanic for 10 years. Optimize is based in Toronto, with a number of offices across Canada.

US wealth advisor Jonathan Dane launched Defiant Capital Group, a boutique asset management firm, based in Pittsburgh. Dane recently served as the director of portfolio strategy and research for a $900 million multi-family office. Previously he worked in New York City at Goldman Sachs and Jefferies, and at PNC in Pittsburgh.

Aite Group, the consultancy made a range of appointments in areas including financial services. 

Ginger Schmeltzer was named as a senior analyst for Aite’s retail banking and payments practice covering enterprise retail payments, emerging payments, and the processor and acquirer landscapes. Before joining Aite Group, Schmeltzer was the principal and founder of GDS Advisors, a strategy consulting firm focused primarily on fintech, digital banking, and payments. She was also SVP of emerging payments at Fiserv.

Rodney Nelsestuen was appointed as a senior analyst covering strategic IT matters relevant to chief information officers across financial services - including banking, securities and investments, insurance - such as digital transformation - cloud migration, IT services and outsourcing, contract negotiation, and vendor management.

Manoj Upreti was named a senior analyst with Aite Group’s Life Insurance and Annuity practice. He brought 15 years of experience in product development, market research, and digital transformations in the life insurance, annuity, and retirement industries.

Vinod Jain is a senior analyst who supports the efforts of Aite Group’s institutional securities and investment team. He concentrates on institutional trading operations, post-trade processing, audit and regulatory compliance, and data management across equity, fixed income, and OTC derivatives.

Wilmington Trust appointed Scott Wilkins as a senior wealth advisor, focusing on the Southeast region, and based in Atlanta. Wilkins has more than three decades of experience in the financial services and consumer goods and services industries, during which time he worked with companies in the US, Europe, and Latin America. In 2007, Wilkins was the managing partner and owner of Cielo Partners, a private equity and advisory firm targeting small to middle market entities. Previously he served as a vice president in the Private Wealth Management division at Morgan Stanley, a senior securities analyst at SG Securities in Paris, France, and was a senior securities analyst at HSBC working from their offices in London and Paris.

Argent Trust Company named Chris Kelly as market president for its wealth market in Nashville. He serves as the senior leader of trust, estate and retirement services administration in Middle Tennessee and report to company president Ken Alderman.

Raymond James welcomed advisors John Cleary and Renee Rossi to Raymond James & Associates – the firm’s employee advisor channel. Cleary and Rossi joined from Merrill Lynch, where they previously managed approximately $108 million in client assets. They joined RJA’s West Hartford, Connecticut office, which is managed by Marty Carroll and is part of the Southern New England Complex led by Bill Drew.  

The Sharp Financial Group appointed Kevin Rudd as executive managing director. Rudd worked for more than 35 years providing middle-market companies with services related to mergers and acquisitions, capital sourcing and financial advice. He has mainly worked with family-owned and closely held businesses. Rudd oversees Sharp's transaction advisory group. 

BNY Mellon Wealth Management appointed Jennifer Barnaby as a senior client strategist, working with high net worth individuals, family offices, business owners, executives, and foundations and endowments on their wealth strategy and planning. Based in Atlanta, she reports directly to Southeast Regional president, Kent Moegerle.

Prior to this, Barnaby was at Branch Banking & Trust Company (Truist), where she worked in several roles. Most recently she was vice president, wealth advisor, serving as a relationship manager for HNW clients.

Raymond James, the Florida-based wealth management house, welcomed financial advisors Jared Stricklin, Darryl Dunn and Robert Meeder to its employee advisor channel. They are based in Overland Park, Kansas.