Philadelphia-based Glenmede, the investment and wealth management firm, has added Michael Schiff and Richard Giarrusso to its New Jersey branch as business development manager and senior portfolio manager respectively.

Schiff is responsible for developing and maintaining relationships with high net worth individuals, families and tax-exempt entities, while Giarrusso provides investment counsel to client portfolios, the firm said.

Schiff and Giarruso both report to director Robert Kiep, who succeeded John Phillips at the start of the year when Phillips moved to become a portfolio and relationship manager.

Prior to joining Glenmede, Giarrusso was an investment manager within Morgan Stanley’s private client group, as well as a financial advisor at RBC Wealth Management. Schiff was previously sales director of Amicorp Services and currently serves on the board of directors for the Philadelphia Estate Planning Council.

In other recent developments, the firm promoted Adam Psichos to director of the New Jersey region in March.

Glenmede has over $20 billion of investable assets under management for high net worth individuals, families, family offices, endowment, foundation and institutional clients, with offices in Delaware, New Jersey, New York, and Ohio.