United Kingdom

Tenet, the UK
advisor support group, appointed a new head of technical services as part of
its head office expansion in Leeds. Jackie
Ison joined from insurance group Aviva. Prior to that she worked at Sesame
Bankhall Group as director of financial planning services.

Baring Asset Management bolstered its international and
world equities team with the addition of investment manager Tom Mann. Mann
joined from Aberdeen Asset Management, where he had been an investment manager
in the European equities team since 2009.

Fairbairn Private Bank, which is Channel Islands-based,
named Robert Currie as its new head of UK
private banking, based in London.
Currie joined from Coutts, after spending the past year on secondment as head
of sales and business development in the US for Citizens Private Bank and
Trust, one of RBS' subsidiaries. The bank also announced the opening of an
office in Dubai and received a representative
office licence from the Central Bank of the United Arab Emirates.

Ian Henderson, manager of JP Morgan’s UK natural
resources funds, will step down from the daily running of the vehicles next
year after nearly 20 years in the position. Henderson will stay on as an advisor for one
year, but Neil Gregson, who joined the natural resources team a year ago, will
take over as lead manager at the end of January 2012. Gregson joined JP Morgan
after 20 years at Credit Suisse Asset Management, where he was head of emerging
markets and related sector funds.

Williams de Broë, Evolution group’s private client wealth
management arm, expanded its Scottish operation with two new business
development executives for its Edinburgh
office. Alisdair Hogg joined from the Bank of Ireland Group in Dublin. He previously worked with private
clients at Scottish Equitable and Standard Life.

Jacqueline Morton was latterly IFA business consultant at
Skandia in Glasgow.
Before that, she was a director at Independent Financial Solutions in Edinburgh. Williams de
Broë’s office in Edinburgh covers Scotland, Northern
Ireland and the north of England,
and the firm described the expansion in Scotland as ongoing.

Barclays Wealth appointed a managing director for its ultra
high net worth and family offices team. Kevin Shone is responsible for expanding
the UHNW portfolio in Manchester reports to
Stefanie Drews, head of UHNW and family offices, and Andrew Houston, managing
director for the Midlands, North, Wales
and West for the UK
and Ireland Private Bank. Shone joined Barclays Wealth from Goldman Sachs
Private Wealth Management, where he was managing director for London and the UK
regions since 2008, dealing with clients with liquid assets of between £500
million ($800 million) and £1 billion ($1.6 billion). 

UK-listed Aberdeen
hired Aidan Upton as senior business development specialist with focus on the
asset manager’s £10 billion ($16 billion) multi-manager range. Upton joined
from Architas, AXA group’s in-house investment manager, where he was an
investment development manager.

Kleinwort Benson, the UK wealth management house,
appointed Danny Vogt as chief operating officer - a newly-created standalone
role - and John Boyce as chief technology officer. Vogt joined the firm this
month from RBS/ABN AMRO in London,
where he was head of change and portfolio development group operations. Prior
to RBS/ABN AMRO, he held senior positions at Capco and UBS in Zurich
and London.

Polar Capital, the UK-based investment manager, announced
the launch of a European market neutral operation, recruiting Ton Tjia to
establish it. Tjia joined from Ratio Asset Management, where he had run the
firm’s Ratio European Opportunities Fund, the management contract of which has
been transferred to Polar. Joining Tjia was his former colleague at Ratio,
Bradley Reynolds.

Coutts named Jean-Maurice Ladure as global head of
quantitative solutions, transferring him from RBS Coutts (Switzerland)
where he had been head of investment strategy for the past two years. In his
new London-based role, Ladure is instrumental in further developing Coutts’
client proposition based on behavioural finance and decision theory. He reports
to co-chief Gayle Schaumacher. Before joining Coutts Ladure was an investment
strategist at Barclays Wealth.

Coutts also appointed a new head of regulatory affairs and
compliance. Michael Bulloch is based in London.
He previously worked at HSBC Private Bank in a similar position. His role
involves liaising with regulators to inform clients of changes in the rules,
and will also drive the banks compliance and risk management agenda. Bulloch
reports to Letitia Smith, Coutts’ chief risk officer.

Barclays Wealth appointed Matthew Wotton to manage its
sports, media and entertainment team within the UK & Ireland Private Bank.
Wotton was the fifth banker to join Barclays Wealth’s sports, media and
entertainment team in the past year. Barclays Wealth added private banker
Rachel McCarthy - who is a specialist in professional services sector clients -
to its London
and South East team. McCarthy was the ninth banker to join Barclays Wealth’s London and South East team
and was recruited to develop the firm’s presence in the legal sector, helping
to build a portfolio of partners from the major law firms. She joined Barclays
Wealth from Coutts & Co, where she had also worked with professional
clients.

Fleming Family & Partners, the UK-based multi-family
office, recruited ex-UBS man Martin Nathanson for its asset management business
in London.
Nathanson was appointed to a new role as cash and fixed income portfolio
manager in the firm’s investment team.

At UBS Wealth Management Nathanson had been a director and
head of the discretionary fixed income team and head of portfolio management –
a role he had held for over a decade. In his prior career he helped to launch
Abbey National’s wealth management division.

Argonaut Capital Partners, the London-based European
equities boutique which is a joint venture with Ignis Asset Management, added
fund manager Greg Bennett to its investment team. Bennett joined from
Marlborough Fund Managers, but before this he was an original member of the
team at Neptune Investment Management, which is also is a joint venture with
Ignis.

Baker Tilly and Grant Thorton, both UK-headquartered
accountancy and advisory firms, are to merge their Ukranian arms at the start
of next year. The terms of the deal were not disclosed. The merger is intended
to narrow the gap with the “Big Four” audit companies in Ukraine.

New Quadrant Partners, a private client law firm based in London, appointed Vanessa
Kemp as a partner with effective November. Kemp, who has been with NQP since it
was launched in 2010, advises on all aspects of personal tax and estate
planning together with advising on trusts both with UK and cross-border issues.

New Quadrant Partners also appointed two new associates:
Andrew Kidd and Robert Hurling. Kidd joined from Silverman Sherliker where he
advised on all aspects of succession planning. Hurling joined from the Office
of the Official Solicitor.

The property fund division of UK-based Royal London Asset
Management promoted a fund manager and an assistant fund manager. Stephanie
Hacking, previously assistant fund manager, was promoted to fund manager, while
former asset manager.

Andrew Johnston holds the role of assistant fund manager.
Hacking joined RLAM’s property team in 2006. Johnston
joined in 2007, working alongside royal London
property fund manager Stephen Elliott. He was in charge of block renovation on King Street (Manchester) as well as managing a site assembly and a
retail development project in Halifax.

F&C Asset Management added Stephan van IJzendoorn to its
Amsterdam-based government bonds team as a senior portfolio manager. Formerly a
senior portfolio manager at Allianz Global Investors, van IJzendoorn joined a
team which has some €23 billion (about $32 billion) in assets under management
in European government bonds. He reports to Michiel de Bruin, head of European
government bonds.

John Burns will take over as chief operating officer at
Baring Asset Management, the UK-listed firm, when the incumbent, John
Misselbrook, retires at the end of the year. Burns joins from Visor Capital, a
boutique investment bank in Kazakhstan,
where he held the same position. He also worked for Fidelity International and
Schroder Investment Management.

Cofunds, the UK IFA platform, hired Jim Clay from the UK sales team
at SEI as business development manager. Clay joined a newly-formed acquisition
team led by Mark Hopcroft, which will be trying to win large distributor deals.
Cofunds also hired Andy Coleman from AXA Wealth as head of sales for its wealth
and investor divisions in the previous week.

UBS Wealth Management appointed a senior mortgage advisor in
a push for further growth. Anthony Delaney joined the Investment Products and
Services Mortgage Solutions team, UBS. Previously, Delaney was at BNP Paribas
Fortis Private Property Finance as a senior relationship manager and has also
worked at Barclays and National Australia Bank.

Société Générale Private Banking Hambros confirmed that its
chief investment officer, Martin O’Hare, resigned after just six months in the
role. O’Hare first joined the firm in 2004 as a director in the private client
business, going on to be appointed head of discretionary portfolio management
in 2008 and then deputy CIO in 2009. He succeeded Andrew Popper as CIO in April
of this year.

Deutsche Bank Private Wealth Management hired an investment
manager from Edinburgh
law firm Gillespie Macandrew, ahead of the law firm’s acquisition by UK-based
private bank, Brown Shipley. Scott Ballantyne joine d Deutsche Bank’s wealth
management arm in Glasgow
in November. He left the rest of his team from Gillespie, who almost all
transferred to Brown Shipley under the terms of the deal.

UK-based Principal Group, which includes Principal Investment
Management and Border Asset Management are, recruited former director of James
Brearley & Sons, Adrian Williams as an investment manager.

While at James Brearley, a private client stockbroker,
Williams was first manager of the Kendal office before taking on responsibility
for the management of the firm’s branch network.

London-based investment manager Ruffer appointed Dave
Francis – latterly head of operations at Gartmore – to the newly-created role
of chief operating officer.

In his new position Francis oversees all Ruffer’s
operations, IT, facilities and business projects. Francis first joined Gartmore
in 1989.

London-based Anello Asset Management recruited Stavros
Loizou, the former founder and chief executive of Lewis Charles Securities, to
manage a recently-launched vehicle called the Mantis Program.

Williams de Broë, Evolution group’s private client wealth
management arm, appointed former Coutts private banker Nathan Dosanjh as a
business development executive for its Birmingham
office. Dosanjh had been a private banker at Coutts for five years, having
previously been a private client manager at Bank of Scotland Investment
Service.

Barclays Wealth added Sir Michael Peat, formerly principal
private secretary to the Prince of Wales and the Duchess of Cornwall, to its UK and Ireland private bank advisory
committee

Sir Michael was a partner at KPMG - the P stands for Peat -
before becoming Keeper of the Privy Purse and Treasurer to the Queen, and then
taking up the private secretary role in 2002. In his new role on the UK and Ireland
private bank advisory committee he focuses on Barclays Wealth’s charities and
philanthropic offering; he is known for his work with the charitable sector
while part of the Royal staff, having been instrumental in the Royal Collection
Trust, the Historic
Royal Palaces
and The Prince’s Charities.

Towry, the wealth advisory firm, appointed Alan Hall as head
of investment operations, reporting to David Percy, chief operating officer. Hall
is responsible for leading the firm’s investment and pensions operations. He
has held operational roles at firms including Fidelity International and BNY
Mellon, and started his career as an auditor for KPMG.

Cheviot, the UK
wealth manager, appointed Simon Walker as senior partner in its Liverpool team, who previously worked at Deutsche Bank in
the northwestern city.

Partner Nigel Hibbert has led the office pending Walker’s arrival at the
firm. The now ten-strong team which includes a third partner, Mark Ewer, were recruited
from Deutsche Bank (previously Tilney Investment Management) earlier in 2011,
joining as soon as their contractual obligations permitted.

Rothschild joined the ranks of firms currently expanding
their ultra high net worth teams with the appointment of Beat Näf as a senior
advisor. Näf joined from Müller-Möhl Group, a Zurich-based family office where
he had spent seven years and was chief executive. During his tenure he managed
the group’s multi-asset-class investment portfolio, served on the board of
directors of a variety of portfolio companies and managed the exits of selected
direct investments.

Coutts named former Kleinwort Benson executive Mary Haly as
senior investment director in the private bank’s tailored portfolio management
strategy team.

Haly, had been co-head of Kleinwort’s London portfolio management team. She began
her career as an accountant at KPMG, before moving on to fund management,
eventually becoming a director and head of UK equities at Baring Asset
Management. She subsequently joined Kleinwort in 2008.

Barclays Wealth named Miray Katerji as managing director of
its Middle East and North Africa strategic
solutions group. Barclays Wealth’s strategic solutions group opens up the
investment and corporate banking sides of the firm to wealth management
clients. Katerji joined from from HSBC Global Banking & Markets, where she
had been a managing director working in both wealth management and investment
banking. Before this she had been with Citi Private Bank.

Deutsche Bank, which has lost a number of wealth managers to
rival firms operating in the Liverpool area of the UK's northwest, appointed two
senior managers to oversee operations in the city, as well as making other
hires.

Rupert Yeoward joined Deutsche’s Private Wealth Management
unit, and will run the business in Liverpool
jointly with Katy Dixon, who has worked at Deutsche Bank/Tilney for more than
20 years. (Tilney was a business that was acquired by Deutsche Bank in October
2006).

Duncan Brookes stepped down from his role as office head,
focusing on delivering wealth management services to existing and new clients. Yeoward
previously worked at Downing Corporate Finance, to which he transferred from
Rathbone Investment Management in 2010.

Alain Grisay retires from F&C Asset Management as chief
executive at the end of the third quarter of 2012, as planned. Grisay will step
down from the board and as group CEO at the firm’s annual general meeting in
May 2012. He will remain available to advise and consult on F&C’s behalf
until the end of September next year, F&C said in a statement.

F&C appointed Edward Bramson as executive chairman for
an interim period with immediate effect. Between now and the AGM next year
there will be a gradual handover of responsibilities from Grisay to Bramson.
Until the handover is completed, Grisay keeps responsibility for day-to-day operational
management.

RBC Wealth Management set up a new London-based Eastern
European desk with the hire of Justyna Jackholt as a director. She previously
worked at Clariden Leu, the Swiss bank, in the UK. Jackholt acts as a relationship
manager responsible for serving eastern European clients, reporting to Philip
Harris, head of private client wealth management in the UK.

At Clariden Leu, Jackholt was a vice president in its London office. She
previously worked for the European Bank for Reconstruction and Development,
where she was responsible for business development focusing on a variety of
initiatives across central and eastern Europe, the Balkans and central Asia.

US
investment management powerhouse BlackRock announced that Al Denholm joined its
multi-asset class solutions team in the newly-created role of managing director
and regional head of BMACS’ business in Europe, Middle East and Africa.

Denholm will work with Michael Huebsch, managing director
and global head of BMACS, to run oversight of the group’s four main functions:
client strategy, solutions portfolio management, active asset allocation and
research, and business management.

He also takes direct responsibility for the active asset
allocation and research team and will serve on the BMACS management committee.

Denholm previously worked at ING Investment Management,
where he was a member of the four-person leadership team responsible for
overseeing its investment management activities in more than 20 countries.
Prior to joining ING in 2005, Denholm was deputy chief investment officer of
Insight Investment in London.

London-based family office Victoria Capital rebranded as
Victoria Private Investment Office and appointed Heather Maizels as managing
director.

Maizels is a former senior figure at Barclays Wealth, having
been instrumental in building up the firm’s private banking business before it
became Barclays Wealth. She was also head of philanthropy and a member of the
advisory board at her previous employer.

Hugo af Petersens, former global head of private banking at
SEB, Sweden’s
biggest bank, joined London-based Heptagon Capital as senior advisor as part of
an international push at the firm. Petersens will be based in London
but travel frequently to Scandinavia and Sweden in particular. Petersens
joined Lloyds Bank International in London in
1976 where he became area manager for Scandinavia.

Signia Wealth, the UK-listed multi-family office, appointed
Shalini Khemka as a managing director, a role in which she will oversee the
development of the firm’s private equity arm alongside director Spencer
Moulton. Based in London,
she is also charged with building Signia’s service offering as well as
expanding the business overseas. Khemka is taking on the managing director
position in addition to her role as chief executive and board director of The
London Entrepreneurial Exchange, a non-profit organisation she co-founded last
year. Her career also includes her having worked as a management accountant at
Deutsche Bank, Bankers Trust International, Natwest Bank and Coopers &
Lybrand.

Charles Stanley added Michael Taylor and Anjali Roberts to
its Liverpool office, joining a number of
firms which have bolstered their teams in the city in recent times.

Taylor
joins from MAM Funds, previously Midas Capital, which he co-founded in 2002. Roberts,
meanwhile, was recruited from Close Asset Management, where she had been
portfolio manager.

AXA Investment Managers named Francisco Arcilla as global
head of its funds of hedge funds business. Arcilla joined from EIM, where he
was latterly co-head of investments, overseeing a team running $7.5 billion in
assets for a variety of institutional investors. Before joining EIM he was a
managing director of Santander's
European proprietary trading business.

Jupiter Asset Management appointed Robert Mumby to take over
management of the Jupiter International Financials Fund from Philip Gibbbs. Gibbs,
who managed the fund since its launch at the end of December 2009, is to focus
on running his absolute return portfolios – the Jupiter Absolute Return Fund
and the Jupiter Second Split Investment Trust. He relinquished his role as
deputy manager of the firm’s Financial Opportunities Fund, which will continue
to be managed by Guy de Blonay.

Meanwhile, de Blonay will be deputy manager of the
International Financials Fund once Mumby has taken over management. Mumby first
joined Jupiter at the start of January 2006, managing first the financials
portfolio of the Jupiter Global Managed Fund and then becoming lead manager of
the Jupiter Global Financials fund (Sicav) in August 2010.

Man Group appointed Nina Shapiro as a non-executive
director, citing her experience in international financial policy as the reason
behind her addition to the board.

Shapiro was latterly vice president, finance and treasurer
of the International Finance Corporation and she also held a number of senior
roles within the World Bank before moving over to the IFC in 2000.

Barings Asset Management named Michael Simpson as head of
Latin American equities as it continues to build out its emerging markets
equities team.

Simpson has significant experience in Latin American
equities; he joins from Wells Capital Management in San Francisco, where he managed the Latin
American exposure of several broad emerging markets portfolios. Before this he
was a Latin American equity analyst at Seven Global Research in New York.

In his new role he reports to Tim Scholefield, overall head
of equities at Barings.

Simon Davies, executive chairman of Threadneedle
Investments, the UK
fund manager, is set to retire from the company in June next year.

The firm said in a statement that Davies, who joined the
company as chief investment officer in 1995, the year after it was founded, has
led the transformation of Threadneedle from a small UK manager of in-house insurance
assets to an international player. He was appointed chief executive in 1999 and
moved on to his current position in 2007.

Threadneedle will continue to be led by chief executive
officer Crispin Henderson, who reports to Jim Cracchiolo, chief executive
officer and chairman of Ameriprise Financial, Threadneedle’s parent company.

KPMG appointed Jon Exley as a partner within its investment
advisory practice.

On joining the firm next month Exley will become the third
partner within the “Big Four” accountancy firm’s investment advisory practice,
which has 60 staff and has some £25 billion (around $40 billion) in assets
under management. Exley was latterly a partner within Mercer’s financial
strategy group, a role he had held since 2008.

French asset manager Carmignac Gestion named Matthew Wright
as its new country head for the UK,
a role in which he will assemble and lead a new sales team ahead of the opening
of a new permanent office in the City of London
next month.

Wright joined from LV Asset Management, where he had been
head of sales, having previously worked for the likes of Fidelity and UBS. He
now reports to Davide Fregonese, global head of sales and marketing.

London-based Anello Asset Management appointed Stuart Barron
to manage its new diversified futures vehicle. The Diversified Futures Program,
which invests largely in commodity futures such as industrial and precious
metals, energy and food, is offered as an individual managed account; the
minimum investment is $150,000 for US clients trading commodity, FX, fixed
income and equity index futures but those in Europe can open an account with
$50,000 using contracts for difference or spread bets on the underlying futures.

EFG Private Bank has appointed former vice president at
Credit Suisse Esther Gardyn as director of private banking in London, WealthBriefing can exclusively
reveal.

Gardyn had been with the Swiss banking giant’s UK team for
seven years, specialising in entrepreneurial clients. Before this she was a
director at Henderson,
spending 16 years with the asset management firm.

The US
asset management giant BlackRock saw the departure of Paul Shuttleworth, its
head of sterling portfolios, after eleven years at the firm. Details of his
next role have yet to emerge. Succeeding Shuttleworth in this role is Ian
Winship, who at present is a senior manager in the sterling portfolio team.
Winship will continue to run the BlackRock Absolute Return Bond Fund - which
launched earlier this month - in addition to his new responsibilities. He
joined BlackRock last year, having previously been head of the global absolute
rates team at Brevan Howard.

Lawrence Graham, the London-headquartered law firm,
bolstered its finance practice with the addition of Iain Shurwood as a partner.

Shurwood joined the 36-strong finance team at Lawrence
Graham, having previously been with Squire Sanders Hammonds. Before joining
Squire Sanders Hammonds in the summer of 2008, Shurwood had been with Denton
Wilde Sapte. His career has predominantly focused on acquisition finance,
corporate lending and workouts.

Pictet Asset Management, part of Switzerland’s
Pictet & Cie, appointed former UBS executive Tony Andersson as an
investment manager in its sector and theme equities team, based in Geneva. While at UBS,
Andersson spent six years out of his nine-year tenure covering global
technology and telecoms stocks.

In other recent developments, last month Pictet Asset
Management appointed Mathias Leijon as a senior investment manager within its
Zurich-based European equities team. Leijon previously worked at Cheuvreux (Credit
Agricole Group), covering the Nordic region.

UBS appointed former Coutts manager Martyn Begbour as its
new desk head for the South and South-West regions of its UK wealth
management business.

Begbour will develop a team to support his South and South-West
clientele. Begbour leaved his role as a client partner at Coutts, a role he has
held since 2004. Prior to Coutts, he specialised in client-facing, business
development and product management at HSBC Bank (South
England).

Baker Tilly, the UK
accountancy and business advisory firm, made its second regional acquisition in
as many months, merging with Stephen Hay & Associates in Edinburgh. Terms of the deal were not
disclosed. The combined Scottish practice now has 23 partners and 170 staff
working from Edinburgh, Glasgow and Lerwick. Stephen Hay, Kevin Meaney, Shirley
McIntosh and Norma Wilson, partners at the acquired firm, will keep their
positions following the deal.

Iyad Quttaineh, head of private banking at Emirates NBD in London, resigned from his
post.  Earlier this year, the Arab
banking firm named Pierre Pissaloux, latterly the head of Middle East
operations at HSBC Private Bank in London,
as its new general manager of wealth managem

Merrill Lynch Wealth Management bolstered its Middle Eastern
operations with the addition of financial advisors Haytham Abou El Nasr,
Mahmoud Bakr and Rani Mortada - a trio who will work as a team focusing on the US giant’s offshore business in the GCC
countries, Egypt and the Levant region.

El Nasr, who is now is based in Dubai,
joined from Prime Asset Finance in London,
where he was chief operations officer, overseeing investment placement, fund
raising, corporate finance and business development in the MENA region. Bakr
and Mortada’s new roles are London-based. Bakr joined from MHBI Consultants, of
which he was the founder and chief executive, having previously worked as a
relationship manager for UBS, HSBC Private Bank and Credit Suisse Private
Banking. Mortada was latterly with Standard Chartered Private Bank, focusing on
the Levant region. Before this he was with
London-based Plurimi Capital, where he was an advisor to both institutional and
private clients.

UK-listed equity fund manager Martin Currie appointed Jeremy
Hill to the newly-created role of general counsel – a role in which he will
have overall responsibility for the firm's legal, risk and compliance
functions, reporting to chief executive Willie Watt. In his new role Hill will
be a member of the firm's executive committee and will also be nominated for a
place on the firm’s board.

Hill joined from the Universities Superannuation Scheme,
where he had served as general counsel since 2009. Before that he worked for
the London Stock Exchange, Mercury Asset Management (predecessor of BlackRock)
and Morgan Stanley Investment Management.

Mercer, the global consultancy, named Beverley Sharp as
global head of retail research within its wealth management business – a London-based
role in which she will assess the development of ongoing projects and spearhead
efforts to maintain the competitiveness of the firm’s wealth management
offering.

Sharp has been with Mercer since June of last year, when she
joined as a member of the manager research team focusing on equity research.
Since joining she has developed research on wealth management-related
strategies and has worked with a number of the firm’s clients in the
development of their advisory and discretionary offerings.

In her earlier career Sharp was a fund analyst at BDO
Investment Management, covering equity and fixed income products along with
recommending strategies for inclusion in fund of fund products. She was also
instrumental in decisions on portfolio positioning in her capacity as a member
of BDO’s investment committee.

The UK-based IFA platform Cofunds hired Andy Coleman from
AXA Wealth as head of sales for its wealth and investor divisions.

Coleman, who latterly held a similar position at AXA Wealth,
will start on 1 January 2012 and report to Alastair Conway, Cofunds’ sales and
marketing director. He will be in charge of implementing a new pricing system
next year, which will introduce an annual flat fee of £40 ($63) and a monthly
fee discounted based on the clients’ holdings.

Fidelity Worldwide Investment appointed Mark Till as head of
its UK
direct business, a role which he will take up at the start of next year.

In his new role Till will be expanding the range of services
which Fidelity offers direct investors (of which the firms has some 250,000),
such as access to its funds supermarket service, Fidelity FundsNetwork.
Fidelity is of the view that the execution-only market is set to boom after the
implementation of the Retail Distribution Review at the start of 2012.

Till joins from Standard Life Direct, of which he was
managing director, but the majority of his career was spent at Barclays, where
over a 22-year period he held various senior roles covering brand, marketing,
premier and business banking.

The UK Structured Products Association, formed two years ago
to lobby for the sector, elected Jamie Smith, head of distribution at Lloyds
Banking Group, as chairman. He took over from James Harrington, of Legal and
General. Smith will hold the role until the end of next year.

Openwork, the UK IFA network, appointed Simon Clifford as
chief financial officer, recruiting him from Zurich Financial Services. Clifford,
who was most recently chief financial officer for Zurich’s
Isle of Man operations, was actually involved
in the creation of Openwork in 2005.

Openwork also announced that its current finance director,
Simon Brunt, was appointed strategic integration director, a role in which he
assumes responsibility for the integration and delivery of the 2plan Recognised
Intermediaries and IFA businesses, Openwork said in a statement.

Switzerland

Lombard Odier
Investment Managers, part of the Swiss private banking group Lombard
Odier Darier Hentsch & Cie, brought in Dr Bruce Turner to manage the
healthcare portfolio strategy component of its flagship multi-strategy 1798
Fundamental Strategies Fund and Global Equity Long/Short Fund. Dr Turner
replaced Jim Patricelli as portfolio manager in his New York-based role with
Lombard Odier Investment Managers. Turner reports to Aziz Nahas.  

Bedrock, the London and Geneva based private investment office hired a
new senior manager for its Brazilian team in Geneva. Roberto Neumann joined
from Safdie Bank Geneva, where he headed up the Latin America private banking
team for Portugal and Brazil.

Andrew Cleeton was appointed as head of fiduciary services for Standard
Chartered Bank in Geneva. Cleeton was previously managing director
of Saffery Champness in Geneva and prior to that held a number of roles within
Lloyds Bank.

International

Julius Baer, the Swiss private bank, hired Kaven Leung a
25-year private banking veteran from Goldman Sachs as chief executive of its
North Asia business and deputy chief of Asia.
Leung will report directly to Dr Thomas Meier, CEO, and be a member of the
bank’s Asia executive committee. He starts the
new job at Julius Baer on 19 April 2012, and be based in Hong
Kong.

Jersey-based independent funds and fiduciary services
provider Hawksford International named Grant Osborn-Smith as the manager of its
Swiss office. Dividing his time between Jersey and Zurich, he is responsible for setting up the
processes and procedures for what the firm sees as a growing Swiss client base.
He previously worked for international accountancy firm Rawlinson and Hunter.

Fidelity Worldwide Investment strengthened its multi-manager
team by hiring James Bateman as portfolio manager. Bateman joins in January and
currently works at Barclays Wealth as vice president and is responsible for
five multi-manager funds with combined assets of £2.3 billion (US$3.6 billion).

UK-based financial planner Skandia Investment, a member of
the Old Mutual Group, appointed Phil Wagstaff as new chief executive. Wagstaff
joined Skandia after working in marketing, client service and product development
at Gartmore.

Butterfield Private Bank appointed Alpa Bhaktia as head of
property finance and Maria Cortes as client director to its property team. Both
Bhakta and Cortes joined Butterfield from the private property finance team at
BNP Paribas Fortis. In their new roles they focus on high-value residential
properties.

SYZ Asset Management, a division of Swiss bank SYZ & CO
Group, hired Alessia Toricelli Dolfi for its business development team. Dolfi
advises investors in French-speaking Switzerland
and Ticino, the Alpine state's
Italian-speaking region. She joined the team of Mark Clapasson, head of
business development at SYZ Asset Management.

US-based Russell Investments swapped the places of two of
its fixed income team members based in London and
Seattle. Albert
Jalso, who joined Russell in 2007, relocated from the firm’s Seattle
head office to London.
Gerard Fitzpatrick, who was in charge of the firm’s global bond funds,
transferred to Seattle,
where he manages the RIC Strategic Bond Fund.

The investment arm of the advisory firm Mercer hired Aled
Jones as consultant for its responsible investment team. Previously, Jones led
the responsible investment strategy team for the London Pension Fund Authority.
Jones provides Mercer clients with a range of services such as research and
advice in sustainable investment planning.

UBS hired Ralph Guyot the former head of private banking for
Russia, Ukraine and Central Asia
from its arch rival, Credit Suisse. He reports to Caroline Kuhnert in Switzerland and Andreas Reber in Singapore.

Opus Private, the Guernsey-based fiduciary and family office
advisory firm, promoted its former client director Craig Wilson as managing
director.

Wilson took on the role of
the Opus's founder and group director Shane Giles and is responsible for the st
peter port office and its Guernsey team.  

Barclays Wealth appointed Amaury Hendrickx as director,
Miray Katerji as managing director and Jad Fadl as vice president to strengthen
its strategic solutions group.

Hendrickx joined as a director from US wealth advisor
Merrill Lynch Global Private Equity. Fadl joined from corporate banking at US
firm Citi and reports to Solomon Soquar. Katerji joined from HSBC Global
Banking & Markets. She is working alongside MENA bankers in her new role.

Baring Asset Management added William Palmer to its global
emerging markets equities team as investment director. Palmer joined from KBC
Asset Management, where he was senior asset manager and head of Asia ex-Japan equities. He reports to Roberto Lampl, head
of global emerging market equities.

Chris Gooding, chief investment officer, at the private
wealth management arm of Morgan Stanley in the EMEA region, left the US-listed
firm. Godding’s future plans are unknown at this stage. It is understood that
Morgan Stanley is seeking a replacement. Godding had held the role since 2006.

UBS accepted the resignations of Francois Gouws and Yassine
Bouhara, co-heads of global equities, as a result of last month’s scandal of a
rogue trader costing the bank $2.3 billion. Mike Stewart, hired in July from
Bank of America Merrill Lynch, where he headed its global equities division,
took over their responsibility.

Jim Rogers, the globe-trotting investor, adventurer and
writer who champions commodities, was appointed to the board of the farmland
investment firm Genagro as a non-executive director, part of a boardroom
reshuffle.

Bermuda-headquartered FIL - recently rebranded as Fidelity
Worldwide Investment - appointed Thomas Balk, formerly president of its
Japanese business, to the new position of president, financial services. He
reports to FIL vice-chairman Barry Bateman.

JP Morgan changed its wealth management executives earlier
in 2011, naming Phil Di Iorio as the chief executive of global wealth
managemen. John Duffy was named head of the US
private bank, while Ann Borowiec became head of US private wealth management. They
both report to Di Iorio as leader of the global structure.

Jones Lang LaSalle, the New York-listed commercial property
and investment firm, hired David Green-Morgan as global capital markets
research director based in Singapore.
Green-Morgan joined from DTZ, the London-listed real estate advisor, where he
was head of research for Asia-Pacific.

Europe

Vienna-headquartered Raiffeisen Bank International named
Sergey Monin as chief executive of its Russian subsidiary, ZAO Raiffeisenbank.
He replaced Pavel Gurin who sadly passed away.

UBS (Italia), the Italian wealth management arm of Switzerland's
largest bank UBS, hired Fabio Innocenzi as chief executive officer. He
succeeded Ferruccio Ferri. Innocenzi was previously head of the North-East
Italy division of Italian banking group Intesa SanPaolo and CEO of Cassa di
Risparmio del Veneto, a subsidiary.

Swiss family office Generation Three Family Partners hired
Princess Alia Al-Senussi, the daughter of the exiled royal family of Libya, to head
business development and art advisory. Al-Senussi joined the Mayfair
offices of the Zug-headquartered multi-family office.

The Fiduciary Group, a Gibraltar-based offshore company and
trust services provider, hired Steve Grainger as managing director in charge of
the company’s management, trust, marine services and fund administration teams.
Previously, he worked Kleinwort Benson in the Channel
Islands as regional head of fiduciary.

N+1 SYZ, the Spanish private banking business of the Syz
& Co Group, bolstered its Barcelona
office with the addition of private bankers Jordi Grau and Sergio García. Grau
and García joined from La Caixa’s private banking division in Catalonia, where they had both been senior
executives.

Crédit Agricole, the Paris-listed bank, named Christophe
Gancel as head of private banking as a replacement for Alain Massiera.

Massiera, who was appointed in December last year, is
heading to Rothschild & Cie. Crédit Agricole did not wish to comment on the
matter.

iShares, the exchange-traded funds division of the US asset
management giant BlackRock, hired Matt Mack from Goldman Sachs Asset Management
as head of strategic accounts and Stephen Cohen from the Japanese bank Nomura
as as head of investment strategies.

Sydbank, Denmark’s fourth largest lender, announced cuts of
89 jobs across the bank and is in negotiations to axe its Swiss private banking
division, as a morbid economic outlook weighs on costs.

France-based LCL, a Crédit Agricole brand, enlarged its
executive committee with seven new members in a bid to shorten the
decision-making process at the bank. 
Michel Morel, in charge of individual clients, extended his scope to
include private banking small business clients as head of retail markets.
Olivier Constantin, formerly in charge of the Mediterranean network, became
head of wealth management and business banking.

Jean-Marcel Goguelat, is in charge of the Ile de France
Ouest network and head of retail networks; Olivier Nicolas, previously head of
financial operations at Crédit Agricole, was appointed head of finance and
institutional clients; Stéphane Priami, head of technology and property;
Christian Jacques, formerly head of development of international retail banking
at Crédit Agricole and head of payment flows at LCL; and finally Isabelle
Simelière, deputy chief executive officer of the Crédit Agricole d’Ille et
Vilaine Regional Bank, who was named head of the new strategy and
transformation department.

Plurimi Capital, the London-based wealth advisor for ultra
high net worth individuals, appointed Gulin Sevinc as senior managing director
for its Turkish desk. Sevinc joined Plurimi from Morgan Stanley Private Wealth
Management.

BNY Mellon, the Wall Street giant, named Jim McEleney as
chief operating officer for Europe, the Middle East and Africa.
McEleney was latterly chief executive of BNY Mellon's activities in Pune in India. He is
based in London
and oversees the firm’s regional governance framework.

Metro Bank, the 16 month-old UK high street lender styling
itself “revolutionary”, recruited Kirsty MacArthur to spearhead a new private
banking division. MacArthur joined the London-based firm as head of private
banking and will build a team of four or five senior wealth managers.

Channel Island-based Fairbairn Private Bank said it is not
looking to go on a hiring spree as a result of one of its teams departing to
set up its own company.  “The team only
comprised of two senior managers, who were the first to leave Fairbairn Private
Bank in over a decade,” said Greg Horton, managing director of Fairbairn. David
Stearn, head of private banking, Justin Thomas, former managing director of
Fairbairn Trust Limited and Russell Waite, former chief information officer
left the firm.

Erik Feldt, formerly head of Nordea’s Swedish fund business,
was named head of human resources for the Nordic giant’s wealth management
operations. Sasja Beslik, latterly in charge of sustainable investments at the
bank, took over Feldt’s responsibility for the company's funds. Beslik  keep functioning in his former role in
parallell with his new job for the foreseeable future.

UK-based Royal London Asset Management appointed Neil
Wilkinson as manager for its $819.4 million European growth fund.

Wilkinson was previously director of European equities at UK investment
manager Hermes Fund Managers.

Santander Private Banking in Jersey, part of Spanish bank Santander, hired Paul
Clifford as head of investment products. Clifford previously worked at
Ashburton, a Jersey subsidiary of FirstRand
Group, and was responsible for the company’s wealth management business.

Bank Sarasin, the Swiss private banking group, appointed
Andreas Brandt to head its newly-created northern Germany region as chief authorised
representative. He relocated to Hamburg to
head two new offices in Hamburg and Hanover. Previously, he
based in Frankfurt as chairman of the
management board of Credit Suisse Deutschland.

Latin
America

Pioneer International Group, which has offices in Israel and Latin America,
appointed a team of wealth planners. Baruch Kfir joined the firm to cover Venezuela and Mexico. Daniel Osiroff was
appointed by Pioneer to work with clients based in Chile,
Uruguay and Panama. Ofer
Neeman joined the firm from Bank Leumi Luxembourg,
and covers Israel and the Middle East. The trio report to Avi Nahum, a partner at
the firm.

Asia-Pacific

Credit
Suisse hired Anna Wong as a managing director and market area head for
its Greater
China private banking business. She is based in Hong Kong reporting to
Marcel Kreis, head of private banking in Asia-Pacific. From January
2012, she will report to Francesco de Ferrari who takes over the role as
head of private banking Asia-Pacific.
Wong was most recently chief executive for HSBC Broking Services (Asia)
between
2009 and 2011. 

PIMCO,
the US investment management firm, hired Adam Bowe as senior vice president for
fixed income portfolio management and trading in Australia. Bowe most recently
worked in the global macroeconomic research and trading department of Tudor
Investment Corporation.

ANZ Wealth, the Australian
wealth management firm, hired Raelen Seales as head of advice delivery. Seales
most recently served as general manager for advice services at rival MLC/NAB
Wealth.

Baring Asset Management added William
Palmer to its global emerging markets equities team as investment
director. Palmer joined from KBC Asset Management, where he was senior
asset manager and head of Asia ex-Japan equities.

HSBC Global Asset Management appointed Elizabeth
Allen as director and head of credit research for Asia-Pacific. Allen most
recently served as vice president, senior credit officer at Moody's Investors
Services, where she focused on analyzing Asian companies.

HSBC Securities Services appointed Glenn
Kennedy as regional head of sales and relationship management for the
Asia-Pacific alternatives and client management division. Based
in Hong Kong, Kennedy joined from Citi Fund Services (Asia), where he was a
director for four years.

Julius Baer, the Swiss private bank, hired Victor Chao
Tzu-Ping as head of the Greater China team. Chao joined from Deutsche Bank
where he most recently served as head of private wealth management in China and
previously as head of private wealth management onshore in Taiwan.

Manulife International appointed two senior executives
to its Hong Kong office. Emil Lee is now senior vice president and chief
distribution officer for Hong Kong, while Blair Groff is now vice
president for
legal and compliance. Both previously held roles at Manulife. Both are
now part of the senior management team and report to Michael Huddart,
the executive vice president and chief executive for Hong Kong. 

PineBridge Investments, the
US-based investment management firm, appointed Desmond Tjiang as managing
director, portfolio manager for Greater China and Hong Kong. Tjiang joined from
BNP Paribas Investment Partners, where he was chief investment officer and
deputy head of Asia ex-Japan equities. He reports to Robin Thorn, global head
of equities.

Bermuda-headquartered
FIL - recently rebranded as Fidelity Worldwide Investment – hired Thomas Balk,
formerly president of its Japanese business, to the new position of president,
financial services. He will report to FIL vice-chairman Barry Bateman.

Westpac
Private Bank named former New Zealand cabinet minister and parliamentarian
Simon Power as head of the New Zealand operations. Westpac holds the New
Zealand government's banking contract, media reports said.

US international asset manager PIMCO hired five
investment professionals to complete the emerging market equity team for its
London, New York and Singapore offices. Raymond Goh
joined as equity trader based in the Singapore office. John Longhurst joined
as senior vice president and head of emerging markets equity research, based in
London. Richard Flax joined as senior vice president and emerging
markets equity analyst, also based in the London office; Andrew Pyne
joined a senior vice president and emerging markets equity product manager based
in the New York office and Laura Schlockman joined as equity product manager
based also based in New York.

Bank of America Merrill Lynch named its head of
international wealth management, Dan Cummings, the firm's former head of global
equity capital markets. The position is a newly created, joint role, where he
will also be head of global equity sales.

Switzerland's Clariden Leu added two senior executives to its Asian
non-resident Indian team. Mohit Gupta joined as senior vice president,
senior
relationship manager for the Indian subcontinent and Asian NRI business.
Gupta
is from ING Financial Planning in Hong Kong. Sadaf Behbahany joined
as senior vice president, senior relationship manager for the
Indian subcontinent and Asian NRI business based in Singapore. She was
previously a senior associate director at Standard Chartered Private
Bank. Both
Gupta and Behbahany report directly to Varun Chugh, the head of Indian
subcontinent and NRI Asia. 

Clariden Leu also added five senior executives for the
Southeast Asia region, four of which previously worked at Deutsche
Bank's
private wealth management arm. Veny Teng joins the firm as managing
director,
responsible for overseeing a team of relationship managers focused on
Southeast
Asia. She most recently served as director at Deutsche Bank Private
Wealth. Desmond Loh also joined from Deutsche Bank, as director and
senior relationship manager. Cynthia Chin joined  as a director and
senior
relationship manager, also from the German bank. Both Loh and Chin
report
directly to Teng. 

 Karen Tong joined as a relationship manager, having worked for ABN AMRO, DBS, Hong Leong
Bank and HSBC. Elaine Ngim joined as an investment advisor and previously worked at BNP Paribas, Deutsche
Bank and Merrill Lynch, among others. She reports to Lincoln Wong, head of investment advisory for Southeast Asia.

Jones Lang LaSalle, the New
York-listed commercial property and investment firm, hired David Green-Morgan
as global capital markets research director based in Singapore. Green-Morgan
joins from DTZ, the London-listed real estate advisor, where he was head of
research for Asia-Pacific. He replaces Paul Guest, who moved to LaSalle
Investment Management to head up its Asia Pacific Strategy team.

Altamount Capital Management, the India-based multi-family office, named Murlidhara Kadaba
as non-executive chairman. He was until recently senior managing director
guiding its strategy and business development.

Pictet Asset Management, the Swiss asset manager, hired Laurence Lo as
vice president, business development, for Asia-Pacific. Lo was the senior
manager, distribution sales at BNP Paribas Investment Partners. At Pictet, he
focuses on the firm's business in Hong Kong and Macau and reports to Lawrence
Tse, head of distribution, Asia-Pacific. 

Manulife Financial appointed Steven Yeo as senior vice president and
chief legal and compliance officer for Asia with effect from 10 October. Yeo
was previously the managing director of Citi's global institutional banking
group. At Manulife, he reports to Robert Cook, senior EVP and general manager
for Asia, and functionally to Jean-Paul Bisnaire, senior VP for business
development and general counsel of the head office.

Nikko Asset Management, the Japanese financial services firm, named
Eleanor Seet as president and executive director to lead the firm's growth at
the newly-enlarged business following its merger with DBS Asset Management.
Seet was the senior director for iShares. She replaces Deborah Ho.

MLC, the wealth arm of National Australia Bank, created nine new
advisory roles across Australia for its licensee business. The appointees will
be announced over the next months.

Credit Suisse appointed Stuart Guinness as Hong Kong-based managing
director and head of emerging markets products for Asia-Pacific. He reports
jointly to Neil Harvey, head of Asia-Pacific and head of global emerging
markets, and to Sudip Thakor, head of global emerging markets products for
asset management. Guinness previously worked at Societe Generale, Fidelity
Investments and Prudential Asset Management. 

Citibank named Christine Lam as deputy country business manager based in
Hong Kong. Lam was the head of operations and technology of the bank in Hong
Kong. She replaces Simon Chow, who was appointed country business manager for
Citibank China in June.

Private Portfolio Managers, the Sydney private fund manager, named Ian
Hardy to its portfolio management team. Hardy was previously the chief
investment officer of Centric Portfolio Managers.

Falcon Private Bank saw the departure of Alex Jagmetti as head of
Asia-Pacific after less than a year at the role. The bank said they are not
replacing Jagmetti. James Mok, who has reported to Jagmetti as branch manager
in Hong Kong, now reports to Eduardo Leemann, chief executive.

Lugano-based Banca della Svizzera Italiana announced plans to grow its Hong
Kong office headcount by over 80 per cent, or 54 people, within the next year.
BSI currently has 66 staff.

HSBC Global Asset Management brought in Christopher Adams as director
and senior products specialist for the equities division based in Hong Kong.
Adams used to serve similar roles at BlackRock and Prudential Asset Management.
He now reports to Alfred Yip, the head of product, Asia-Pacific, and Melissa
McDonald, the global head of product equities and responsible investment.

AMP Financial Services, the New Zealand wealth manager, reshuffled its
senior ranks following the merger with AXA Asia-Pacific Holdings. Chris Jensen
is now director of contemporary wealth management products, Robert Baille is
now director of pricing, Steven Burgess is now director of platforms, and Brad
Green is now director of business operations. Mike Lawrence and John McIlroy
retain their roles as managing director of AMP Bank and director of Multiport,
respectively. Within the sales unit, Barry Wyatt is now director of sales,
Michael Paff is now director of strategic marketing and Cam Cimino is now
director of business marketing. Former AMP head of directors office Belinda
Meyers is now director of business operations. Under the wealth division,
Michael Rogers is now director of retail risk, Robert Bergin is now director of
group risk, while Bernadene Gordon is now director for underwriting and claims
policy. Gopal Raman has assumed the role as director of mature products and
business support while Stephen Varney was named director of pricing and
reinsurance. 

Celent's appointed Maria Aquio as sales executive for its Asian
financial services arm. Aquio previously worked at The Asian Banker, the
consultancy firm, as manager of business development and sales. She is based in
Singapore.

UBS suffered the departures of Angela Bow and Carol Chen from the firm.
Bow was the executive director and country head for the Philippines, while Chen
as managing director and desk head. It remains unclear where Bow is
transferring, but UBS reported that Chen has joined Barclays Wealth in
Singapore as head of North Asia, with a focus on Greater China.

Pictet, the Geneva-based bank, hired Sylvain Gysler as head of
independent assets managers for its Asia business based in Singapore. Gysler
previously held a similar role at Credit Suisse.

PineBridge Investments appointed Anita Varga as managing director and
head of product development for Asia. Varga previously led the regional product
development unit of ING Investment Management Asia-Pacific.

ABN AMRO, the Dutch bank, is looking to boost its private banker numbers
in Hong Kong and Singapore from around 100 at present to at least 200 by 2016.
The bank currently employs some 400 staff in Asia, 235 of which are in
Singapore and the remainder in Hong Kong.

Julius Baer hired private banking veteran and Goldman Sachs executive
Kaven Leung as chief executive of its North Asia business and as deputy chief
of Asia. Leung adds the position to his existing role as co-head of the Asian
private banking business. He begins on his new job on 19 April 2012. He
replaces Andrea Benenati, who left in May. Asia CEO Dr Thomas Meier is assuming
the top job on an interim basis.

BNP Paribas, the French bank, announced that it had hired six senior
executives over the April to October 2011 period. Alfred Tsai joined as head of
the China market with effect from 18 October. Tsai was previously a managing
director and senior advisor at Julius Baer. Anton Wong joined on the same date
as managing director of the key clients group. Wong used to be a director for
solutions partners at Credit Suisse. Vincent Koo had been assuming the position
of regional head of wealth management compliance since 27 September. Koo
previously held senior audit and compliance positions at Deloitte & Touche,
Hang Seng Bank and UBS. Brian Kenyon joined in 1 July to become managing
director of the Singapore trust division, in addition to his role as deputy
head of trust and fiduciary services. Wallace Woo was hired 13 June as managing
director and senior investment counseller for key clients based in Hong Kong.
Woo used to work at JP Morgan and HSBC Private bank. Finally, Florence Chou
assumed the role of head of brand and communications Asia-Pacific in 1 June.
Chou previously worked for the likes of RBS Coutts and Merrill Lynch. She is
based in Hong Kong.

Citi hired Andrea Fletcher as head of global equities client management
based in Hong Kong. Fletcher will continue her role as head of client
management for equities in Asia-Pacific in addition to her new role. She
reports to David Covin, the global head of investor sales client strategy and
business development, and David Ratliff, head of investor sales for
Asia-Pacific.

The Wealth Management Institute of Singapore has established a group
tasked to review standards and guidelines for training wealth management
professionals. The WMI curriculum and FICS Review Advisory Committee is chaired
by Ng Kok Song, the chairman and group chief investment officer of GIC.
Assisting Ng are directors Aaron Low and Cynthia Teong. 

Centric Wealth, the Australian wealth manager, saw 14 of its executives
and staff resign following the departure of three of its most senior
executives. These included senior risk manager Brian Zanker, implementation
manager Chris Cutter, mergers and acquisitions manager John Hart, marketing
manager Jon Slack and client experience and HR manager Judith Fiander. Others
who left were head of investments Peter Dobriveck and director of portfolio
construction Ashley Own. The mass departure followed the resignation of chief
executive John McMurdo in July due to a disagreement. Chief financial officer
Geoff Scott and company chairman Phil Kelly followed suit.