People Moves
Executive Moves - May 2012

Washington Wealth Management’s chief executive and co-founder Anthony Sirianni left to pursue “other personal and professional interests,” the firm said. Robert Bartenstein, who previously served as chief of firm strategy, replaced Sirianni.
Robert Kaplan, co-chief of the asset management unit at the SEC’s enforcement division, joined Debevoise & Plimpton as a litigation partner resident in Washington DC. Debevoise will advise clients on securities-related enforcement and compliance issues, especially those involving requirements affecting SEC-registered investment advisors affiliated with hedge funds, private equity funds, investment companies, mutual funds and separately managed funds.
Scotiabank brought in Nestor Blanco as head of international private banking, as part of plans to boost its international wealth business. Blanco joined in April, according to an internal memo from Cathy Welling, head of the private client unit. It is not clear if Blanco replaces anyone in the role.
Philadelphia-based Janney Montgomery Scott took on Thomas Graham as senior vice president of wealth management within the Washington, DC branch. Graham brings with him $150 million in client assets. He is the fifteenth advisor to join this year.
International Planning Group hired Diego Polenghi to lead expansion in Latin America, which it views as “the number one growth opportunity.” Polenghi joined from Private Bank of Standard Chartered Bank in Miami, where he was head of sales for the Americas. In addition, Frank Garcia and Elizabeth Latorre joined IPG as vice presidents for Latin America. They joined a team of four producers, all based in Miami along with Polenghi.
BNY Mellon expanded its Tampa team in Florida, hiring Susan Kubar and Scott Givens. Kubar joins as vice president, senior fiduciary officer and Givens joins as senior director, portfolio management. Kubar was latterly a family wealth advisor at GenSpring Family Offices, where she worked for five years on cash flow and liquidity analysis, credit and banking needs, and tax and estate planning.
Houston, TX-based Linscomb & Williams, a fee-based financial advisory firm, appointed two senior financial planners and one financial planning administrator. Abigail Gunderson and Ryan Patterson join as financial planners, while Lauren Bain starts as a financial planning administrator.
Wilmington Trust continued its push into “dynamic markets” such as Florida and Washington, DC, hiring Robert Bauchman as president of its Florida market. Reporting to Jack Sawyer, president of Wilmington’s Southeast region, Bauchman will oversee wealth advisory operations in the region. He was previously managing director and head of Wilmington’s Vero Beach, FL office.
Coral Gables, FL-headquartered Gibraltar Private Bank named Adolfo Henriques as chairman, president and chief executive. He takes on the responsibilities from Steven Hayworth, who left the firm.
The Edelman Financial Group appointed Ric Edelman as chief executive, a role he previously co-held with George Ball. Ball will continue in his position as chairman.
JP Morgan named Teresa Heitsenrether as the new head of its global prime brokerage business. The move was unrelated to the loss of more than $2.0 billion recently reported by the US banking giant, it said.
San Francisco-based Wells Fargo appointed the former managing director of its financial sponsors portfolio management group, Joseph Colianni, as senior managing director of banking at Abbot Downing, the firm's recently-launched ultra high net worth business.
Colianni will oversee a range of services, which as well as checking and foreign exchange services, includes treasury management services and interest rate risk management strategies such as swaps, collars and caps, as well as custom lending.
City National Bank took on Richard Limekiller as a senior vice president and senior portfolio manager within its entertainment and wealth management division as part of an "expanded wealth management focus" in New York.
Limekiller will develop customized investment, asset allocation and retirement planning for high net worth families, individuals, entrepreneurs, hedge fund and private equity professionals as well as professional service firms.
Although he will specialize in equities, he will cover all types of investment management, reporting to Martha Henderson, head of the entertainment division.
The alternative investments chief at Credit Suisse Asset Management, Ravi Singh, left the Swiss bank, a spokesperson for the firm confirmed. Singh was based in New York and led a global team of 440 people managing SFr140.2 billion ($146.7 billion) of assets. He was also a member of the firm's asset management committee. The spokesperson said that a successor will be named in due course.
Sandy Cove Advisors, the Massachusetts-based multi-family office, appointed Kate Saltonstall as a partner/chief investment officer. Saltonstall’s responsibilities include establishing client investment policies and strategies, including asset allocation, portfolio creation, and investment vehicle selection.
LPL Financial, the US broker-dealer and a wholly owned subsidiary of LPL Investment Holdings, appointed Robert Comfort as executive vice president of business consulting at its institutional services arm. Comfort will lead the business consulting team responsible for serving around 680 banks and credit unions to which LPL Financial provides brokerage, trust and wealth management services.
Cedar Brook Financial Partners, the Cleveland, OH-headquartered wealth manager, promoted Barbara Pal to client manager. Pal began career in the financial services industry 33 years ago when she joined Capitol American Life Insurance, a Cleveland-based insurance company.
RBC Wealth Management added Don Reynolds as senior vice president and financial advisor to the Fort Worth, TX office, according to Kirk High, branch director. Client associates Don Reynolds, Carolyn Roy and Barbara Ramirez also joined.
Oak Hill Advisors, the New York-based investment management firm, appointed Declan Tiernan as managing director within its London-based client coverage group. The appointment represented the firm's first hire of a client coverage specialist for the London office. Tiernan shares responsibility for managing investor relationships and marketing, and will focus primarily on investors based in Europe and the Middle East – regions which the firm said account for about 30 per cent of its $13.6 billion assets.
JP Morgan appointed David Kane as head of its trust and fiduciary and compliance reporting business, part of the firm’s Worldwide Securities Services division. Kane has been head of global custody operations since 2006 and is now based in the Bournemouth office. He is replacing Tim Gandy, who the firm said is retiring.
Philadelphia Financial Group, the insurance firm that offers high net worth private placements, added fourteen members to its “Alpha Alliance” - a network of distributors which offer insurance products as part of an overall wealth management plan for ultra high net worth clients.
The new members include: John Anderson of Tempewick Wealth Management; William Dolan of SBG; Allan Goldstein of Goldstein Financial Group; Robert Hall of Vie International Financial Services; Peggy Hollander of The Succession Group; H Thomas Hollinger of Newton One Advisors; JoanAnn Natola of Element Financial Group; Michael Niemann of Newton One Advisors; Sam Radin of National Madison Group; Iain Scott of Caledonia Planning Group, and; Howard Sharfman of Schwartz Brothers Insurance.
Barclays’ wealth and investment management division brought in four investment representatives for its New York office. Mark Leyton, Zach Shillingford, Gannon McCaffery and Darin Lauv report to Mark Stevenson, managing director and regional manager for New York.
Private Bank of California took on Suzanne Dondanville as its new executive vice president and chief operating officer within the bank’s Century City, LA office. The firm said Dondanville will “streamline operations,” improve information technology and oversee facilities and cash management.
Bank of the West, the US-based subsidiary of BNP Paribas, appointed Scott Cripps as chief fiduciary officer within its wealth management group. In his new role, Cripps oversees the group’s fiduciary responsibilities to its affluent and high net worth clients.
Peter Flavel, the chief executive of private wealth management at JP Morgan in Asia, relocated from Hong Kong to Singapore as the US lender seeks to bolster its private banking division in the city-state.
Greenwich, CT-based Fieldpoint Private, the wealth advisory and private banking firm, further strengthened its New York office with the addition of Jeffrey Ferraro as a managing director. Ferraro previously worked within Bank of America’s US Trust unit, where he advised on $1.3 billion in assets for approximately 40 clients. Additionally, Caroline McGuire - also from US Trust - joined Ferraro as a member service associate.
Neuberger Berman appointed Patrick Kenefick as a wealth advisor in its Tampa, Florida, office. Kenefick will focus on the Southwest Florida area, reporting to Brian Brown, senior vice president and regional director, who is based in Atlanta and oversees Neuberger Berman's wealth management efforts in the Southeast US region. Kenefick's position is a newly created one.
Citi Private Bank appointed Michael Hatch to its Seattle office as director and ultra high net worth private banker. Hatch will report to Nancy Pellegrino, head of Citi Private Bank’s Pacific Northwest region.
Nasdaq-listed Susquehanna Bancshares appointed Michael Harrington as executive vice president and treasurer - a role in which he will lead the accounting and finance department. Harrington starts his new post in June, reporting to Drew Hostetter, executive vice president and chief financial officer.
Chicago’s Northern Trust has brought in Sheldon Woldt to serve as head of the Middle East – a newly-created role in which he will lead business growth in this region. Woldt will also work with Europe, the Middle East and Africa regional management, drawing on the firm’s asset servicing, asset management and wealth management expertise.
As part of his appointment, Woldt will transfer from Chicago to Abu Dhabi, reporting to Penelope Biggs, head of the institutional investor group for EMEA. Locally he will work alongside Michael Slater, head of the Abu Dhabi office, and Kais Abbas, head of investment business development.
AllianceBernstein appointed John Weisenseel as chief financial officer, with immediate effect. Edward Farrell, who has served as interim chief financial officer since February last year, now returns full-time to his responsibilities as corporate controller and chief accounting officer. In his new role, Weisenseel will lead all global finance and reporting functions, reporting to chief operating officer James Gingrich.
SunGard, the US financial services technology firm, made two senior appointments to its wealth and asset management business lines. It hired Mike Rogalski as chief operating officer, trust and retirement services for SunGard’s wealth management business. The firm also appointed Fred Naddaff to its asset management business as managing director of strategic business development.
Fireman's Fund Insurance Company, based in Novato, California, appointed industry veteran Lee Roth as the new high net worth personal insurance executive. Roth most recently served as head of the Private Client Group for North America at Chartis Insurance. She will be based in Chicago.
The chief executive of Credit Suisse Americas, Antonio Quintella, was appointed chairman of Credit Suisse Hedging-Griffo, the firm’s Brazilian asset and wealth management business. The Swiss bank bought a majority stake in Hedging-Griffo in 2007. In his new role, Quintella will relocate to São Paulo and report to Hans-Ulrich Meister, CEO of Credit Suisse Private Banking, and to Robert Shafir, CEO of Credit Suisse Asset Management. As a result of the changes, Quintella has stepped down from the executive board of Credit Suisse.
The Boston Company Asset Management, a Boston, MA-based equities investment specialist that is part of BNY Mellon Asset Management, appointed Adam Joffe to the newly-created roles of chief administrative officer and alternatives director in Boston. As CAO, Joffe will oversee operations and support service, while reporting to Joseph Gennaco, president and chief operating officer. He also reports to Bart Grenier, chairman, chief executive and chief investment officer.
The Financial Industry Regulatory Authority named Robert Colby as chief legal officer and announced the departure of general counsel Grant Callery, and Marc Menchel, general counsel for regulation. Callery is due to retire on 1 October while Menchel will leave on 1 June for private practice. Colby, who starts his new role on 18 June, will oversee the corporate and regulatory functions of the office of general counsel, along with the regulatory policy group, which is responsible for implementing FINRA’s corporate financing and advertising rules.
US-based Tiedemann Wealth Management appointed Jennifer Mitchell as a managing director to boost its business development and client services. She reports to Craig Smith, president of the firm. Mitchell was most recently managing director at the investment and wealth management division of Barclays.
Northern Trust named Daniel Lindley to the newly-created London-based role of managing director, global family and private investment offices group for the EMEA and APAC regions. He takes on the post on 1 July this year; he currently serves as president of The Northern Trust Company of Delaware, a limited purpose trust company in Wilmington, Del, a position he has held since 2005.
In his new role, Lindley will manage the expansion of Northern Trust's business with family and private investment offices in Europe, the Middle East and the Asia-Pacific region, and will have operational oversight of the group's activities in London and Guernsey. Lindley will also continue in his role as chief fiduciary officer for Northern Trust's Guernsey trust company, Northern Trust Fiduciary Services (Guernsey). Lindley will report to Jeffery Kauffman, chief executive, global family and private investment offices.
Beverly Hills Wealth Management, the registered investment advisory firm serving high net worth individuals, families and businesses, hired Joe Ellison as a senior vice president and wealth management advisor. Ellison will concentrate on HNW portfolio construction and investment management.
Citi Private Bank strengthened its law firm group with the appointment of Michael Sak - formerly of JP Morgan Chase - as vice president and private banker. At JP Morgan, Sak was most recently vice president of its private wealth management division, having started his career within the firm's infrastructure and operations group in 2001. As vice president/private banker, Sak reports to market manager for the western region, Kerry Gibson.
John Stoltzfus joined Oppenheimer & Co, part of Oppenheimer Holdings, as managing director and chief market strategist. Stoltzfus was latterly senior market strategist at Ticonderoga Securities, where he provided macroeconomic analysis, market outlook and strategy ideas to the firm and its clients. In his new role, Stoltzfus will create an “ambitious publication schedule,” producing weekly market strategy pieces as well as additional commentary “as required by the markets.” He will work with his associate Matthew Naidorf to produce these, and also work closely with Carter Worth, chief market technician at Oppenheimer Asset Management, another subsidiary of Oppenheimer Holdings.
Foundation Source, a provider of support services to private foundations, appointed Adriane Glazier as philanthropic director, based in Chicago. Glazier will work with donor and family-led foundations located in the central region of the US on high-level strategic issues. She most recently ran her own foundation management consulting firm, working with the Webb Family Foundation and the Lynn Sage Foundation, for example. She started out her career as a trusts and estates lawyer. In her new role she will report to Foundation Source's chief philanthropic officer, Page Snow.
New York-listed Invesco, the asset management firm, hired three research analysts for its global quantitative equity research team. Michael Abata, Eric Cheng and Charlie Ko report to director of research Andrew Waisburd.
Genworth Financial appointed Martin Klein as chief executive on an interim basis, with James Riepe acting as non-executive chairman of the board, following the resignation of former CEO and chairman Michael Frazier.
Private Bank of California made three senior appointments to spearhead the launch of its Orange County, CA branch office in July. The new office is the bank’s first site outside of Los Angeles County, CA, with David Cobb, Joe Mauriello and Mary Chilton at the forefront of its operations.
Cobb, vice president and regional manager, Mauriello, senior vice president relationship manager, and Chilton, vice president of banking operations, will assume responsibility for extending the bank’s presence across Orange County while reporting to executive vice president Nick Zappia.
Middleburg, VA-based Washington Wealth Management, took on an advisory group with $120 million in assets and $1.4 million in revenues from Wells Fargo. Simultaneously, the firm launched an office in Woodland Hills, LA.
The former Wells group, called Pacific Point Asset Management, consists of Ricardo Montejano, team leader, and partners David Yee and Jeff Mramor. Additionally, Christian Amato, latterly of Morgan Stanley, joined the team.
Citi Private Bank added Nevada Mohammed - latterly of HSBC - to its Vancouver office in Canada, as director and investment counselor. Mohammed will report to Stacy Devine, who is investment counselor head for the Canada and Midwest US regions.
Perella Weinberg Partners, the US-headquartered global financial advisory firm, employed Michael McGrath – latterly of Morgan Stanley Smith Barney - as a partner within its asset management business, based in New York.
McGrath will work on product development, alongside the marketing group and portfolio management team, concentrating primarily on expanding the firm’s presence in the private client market sector.
Charlotte, NC-based Park Sterling Corporation, the holding company for Park Sterling Bank, appointed H Tuttle as a senior vice president and wealth management officer, charged with helping to develop the firm’s wealth management franchise in the upstate region of South Carolina. Tuttle will operate from Greenville, SC, reporting to Taylor Stokes, who is senior vice president and head of the wealth management group.
New York’s BNY Mellon appointed Suresh Kumar as chief information officer, replacing John Fiore, who has decided to retire in June. Fiore took over the post of chief information officer in early 2010, having worked at the bank since 2005. Kumar reports to Kurt Woetzel, who is both head of global operations and technology and chief administrative officer.