North
America

Sallie Krawcheck,
the incoming wealth management head at Bank of America,
unveiled her new leadership team.

The line-up includes eight executives from the
former Merrill Lynch,
two from BoA and a new hire
from Citigroup as
her direct reports.

Ms Krawcheck put former Merrill executive Lyle
LaMothe in charge of the bank’s US brokerage force. Keith Banks and John Thiel
are the new co-leaders of Private Wealth Management, with Mr Banks also serving
as president of US Trust, the New
York wealth management unit for high net worth clients that BoA bought in 2006.

The external hire is Andy Sieg, the new head of
Retirement and Philanthrophic Services, who joined from
Citigroup.

Eva Castillo will continue to serve as head of EMEA
Wealth Management, and Chris Dupuy will continue to lead Global Investment
Solutions.

John Hogarty is now GWIM chief operating officer;
Antony Hung will remain head of Asia Pacific Wealth Management; Lyle LaMothe
will continue as head of US Wealth Management; and Brian Sepe remains head of
Latin America and Canada Wealth Management. Michael Sullivan, meanwhile, will
continue as head of the Global Client Coverage Group.

JP Morgan Chase
made senior leadership changes in its investment bank and asset management
businesses.

Mary Callahan Erdoes, chief executive of the private
bank, will take over from Jes Staley as CEO of asset management and will join
the firm’s operating committee.

Steve Black, co-chief executive of the investment
bank, steps up to executive chairman. Mr Staley becomes chief executive,
reporting to him and continuing to serve on the firm's operating committee.
Bill Winters, the other co-chief executive of the investment bank, will
leave the company.

California-based
advisory firm Seiler added three
new principals. Daniel Hall and Elizabeth Sevilla have joined the HNW practice;
Jed Greene has joined the commercial litigation practice.

Mr Greene and Mr Hall are based in the San Francisco
office and Ms Sevilla is based in the Silicon Valley office.

JP Morgan
appointed Mary Ann Best as a vice president and senior private banker in its
Washington DC office.

In her new role Ms Best will focus on ultra high net
worth private clients and foundations in the Washington DC and Charlottesville,
Virginia areas, providing investment, succession planning and credit advisory
services. Ms Best formerly spent nine years as a principal and financial
advisor at Bernstein Global Wealth Management.

Merrill Lynch
saw the departure of a Hawaii-based team than a year after facing a lawsuit
over their defection from Morgan Stanley.

The
team, known as the Choy Kinney Wo Group, comprises Carl Choy, Lynne Kinney and
Ronald Wo.

US-basedSignature Bank
appointed two private client banking teams to be located in Manhattan.

Ronald Berkowitz, Gabrielle Stern and Abidus
Chowdhury were each named group director and senior vice president at Signature
Bank.

Mr Berkowitz and his team joined from
TD Bank, where
he most recently served as senior branch manager.

Joining Mr Berkowitz's team is Howard Green, who was
named associate group director and vice president. Mr Green worked with Mr
Berkowitz at his previous institution where he served as branch manager

Kimberly
Mohammed was named senior client associate. Ms Stern, was most recently vice
president, Business Banking at the Tribeca branch of
HSBC where she was
responsible for portfolio management and business development.

Mr Chowdhury worked with Ms Stern in Tribeca, where
he was vice president/branch manager. He joined Republic National Bank in 1996
prior to its acquisition by HSBC.

Ms Stern and Mr Chowdhury's team was also joined by
Nicholas Matthias, who will serve as senior client associate

BNY
Mellon Wealth Management appointed industry veteran Doris Meister as
its regional president for the New York area.

Ms Meister was most recently a senior vice president
with AllianceBernstein.
Prior to that, she was head of Merrill Lynch's
Private Banking and Investment group.

Harris Private Bank has hired former US Trust market
executive Mary Jo Herseth as head of depository and lending services for its
high net worth and ultra high net worth businesses.

Most recently Ms Herseth was head of Bank of
America's US Trust unit's business in Illinois and Michigan - a role she came
to through Bank of America's purchase of LaSalle Bank in October 2007.

First Republic,
the San Francisco-headquartered private bank and wealth manager, which is
a division of Merrill Lynch,
has appointed a new head for its securities business.

Lisa Gary was hired as managing director of First
Republic Securities Company to work with individual investors,
families, businesses, foundations and non-profit organisations from its
Los Angeles office.

Previously Ms Garey worked as an account vice
president for the Private Wealth Management Division of
UBS Financial Services.

Presidio Financial Partners appointed three managing
directors for its wealth management group:  Los Angeles-based Mike
Blackman, formerly a director of wealth management in JPMorgan Chase's
southern California region; San Francisco-based Will Evers, formerly a
principal of Bernstein
Global Wealth Management in San Francisco; and Dallas-based Bill Fritz,
who joins from Deutsche
Bank Alex. Brown.

“The $3 million in new capital and the hiring of
world-class executives like Mike Blackman, Will Evers and Bill Fritz are part
of the unique growth story taking place at Presidio Financial Partners -
despite the turmoil elsewhere in the financial-service industry,” says Presidio's
chief executive Brodie Cobb. “Presidio is succeeding because of the integrity
of its business model, its focus on risk management and the quality of its
outstanding team of professionals.

Twelve-year-old Presidio, which has more than $3
billion in assets under advisory, raised the new capital from investors in the
US. The firm will use the money to hire additional wealth-management and
corporate-advisory professionals and to expand into new US markets "as
opportunities arise," Presidio says in a press release. Right now the firm
has offices in San Francisco, Los Angeles and Dallas.

Harris Private Bank appointed Matt Miller as a
senior wealth strategist for the Arizona market. He previously worked at
JP
Morgan Private Wealth Management as a senior wealth manager.

Michael Montgomery has joined the Harris Private
Bank’s Arizona team to lead its new Harris myCFO office, with a focus on
delivering a comprehensive family office solution to ultra high net worth
individuals and families. He previously worked as a managing director with
Tolleson Wealth Management, a multi-family office based in Dallas.

Aladdin Capital
hired Peter Graham as its managing director of finance. He will be based at
Aladdin’s head office in Stamford, Connecticut and hold chief responsibility
for organisational and strategic financial management as the firm continues to
expand.

Mr Graham joins Aladdin with over twenty years
experience in strategic financial management and operations at Merrill Lynch
and most recently at Clay Finlay.

Louisiana-basedIberiabank named
Jefferson Parker as vice chairman and manager of brokerage, trust and wealth
management.

Mr Parker has been affiliated with the company since
2001 when he joined the board. Until 31 January 2009, he was president of
Howard Weil, a New Orleans-based equity research, investment banking and
trading firm focused on the energy industry, where he served in a number of
capacities for 33 years.

Asset
manager
Davidson Investment Advisors hired Steven Pines, formerly an
institutional investment consultant with
Northern Trust, to lead its institutional
business-development efforts, including outreach to foundations and endowments.

Toronto-based
CI Financial is to make Steven Donald chief executive of its Assante Wealth
Management subsidiary when Joseph Canavan steps down in November 2009 after six
years at the helm. Donald is now Assante's president and chief operating
officer, a position he has held since mid 2005. 

Boston-based multifamily office Silver Bridge
Advisors hired former Wilmington Trust
managing director Benjamin Ledyard as business head for its mid-Atlantic
region.

He will be responsible for business development in
along the US Eastern Seaboard roughly between New York and Washington, DC. Most
recently, Mr Ledyard was a senior advisor at Wilmington Trust, a director
of its wealth strategies team and head of the its family-office subsidiary on
the US East Coast. 

Connecticut-based
boutique investment bank and hedge fund manager Aladdin
Capital Holdings appointed Kathleen Stephansen to the new position of
chief economist. 

Ms Stephansen previously worked as head of global
economics at Credit Suisse  from 2000 to 2009.

Fiduciary Trust
hired former US Trust advisor Kimbrough Towles as an investment consultant in
New York. She reports to the firm's wealth management head Gail Cohen.  

Debra
Feeks was appointed relationship manager, also joining Fiduciary Trust's
investment team from US Trust.

John Mack is to
step down from his post as chief executive at Morgan Stanley,
Under the change James Gorman,
head of Morgan Stanley’s wealth management business, will replace Mr Mack, who
retains his role as chairman. Mr Gorman takes up the post next year.

Morgan Stanley also announced that co-president,
Walid Chammah, will become chairman of Morgan Stanley International at the end
of this year and continue to be based in London.

David
Kahn has joined Washington DC-headquartered Convergent
Wealth Advisors, a subsidiary of Convergent Capital Management and its
parent company City
National Corporation, as a director in the firm's Los Angeles office.

Mr Kahn will be working with ultra high net worth
individuals and family offices on the west coast. He joins from Wilmington
Trust Company where he was a managing director and a private client
advisor working with high net worth clients providing advice on estate
planning, investment strategy, asset allocation and portfolio construction.

RBC Wealth
Management appointed Patrick Duff and Vincent Crudo as senior vice
president - financial consultants for its New Haven, Connecticut office.

The pair join RBC Wealth Management from Morgan
Stanley Smith Barney, where they were part of the institutional fixed
income team. The third member of their team is senior associate Tracey Ten
Eyck.

Barclays Wealth
has appointed Marty Courage
as managing director and branch manager of its Boston office, joining the
UK-based firm from JP Morgan Private Wealth Management.

In his previous role, Mr Courage served as head of
the Boston, New England Market.

Tim Kochis will reportedly step down as chief
executive officer of Aspiriant, one of San Francisco’s largest wealth
advisories, with effect from 1 November 2009. It is understood that Mr Kochis
will return to the firm after a six-month sabbatical to work with clients, help
with business development and chair Aspiriant’s board.

Rob Francais will take over as Aspiriant's CEO; he
is the former CEO of Los Angeles-based Quintile Wealth Management. Tom Tracy
will become Aspiriant’s chief operating officer.  

Wells Fargo
has put former Wachovia Wealth
Management advisor Douglas Macdonald in charge of private banking for
its wealth management group in Houston. 

Before joining Wachovia in 2005, he was with
JPMorgan Chase. He has also worked at Bank of America and Bank of New York (now
part of Bank of New York Mellon).

Geller & Co,
a New York financial advisory and wealth management firm, has hired Steve Fadem
as senior managing director and chief operating officer. 

Until recently, Mr Fadem was president
and chief executive of The Relegence Corporation, an online search
business for the financial services industry that is now part of AOL.

JP Morgan
appointed senior executive James Walker
as head of investments for private clients in Europe, Middle East and Africa.

Based in Geneva, Mr Walker will oversee the
development and delivery of the firm’s multi-asset class investments, with dual
reporting to Phil Di Iorio, global head of investments, and Pablo Garnica, head
of the private bank in EMEA.

Mr Walker replaces Simon Wise, who will become the
regional director for the Wall Street firm’s private wealth management business
in the western region of the US and relocate to Los Angeles.

Mr Walker has been with JP Morgan for 12 years. He
was formerly head of investments for the private bank in the western US.

Chicago-based
broker-dealer David A
Noyes & Company added six financial advisors in the US Midwest.

The new Noyes advisors are: Constance Etter
(formerly with UBS), Robert Runnfeldt (also from UBS), Carla Voss (from Nations
Financial), Marci Arnheim (from Morgan Stanley Smith Barney) and John Majcher
(from First Trust) in Chicago. Shawn Woodward (formerly with Merrill Lynch) has
joined Noyes' Indianapolis office.

AsBNY
Mellon Wealth Management appointed Amy Millman as regional president of
San Francisco.

Ms Millman will succeed Jack Cortis, who will be
regional chairman. Both will report to Dave Holst, who heads BNY Mellon WM -
West.

Down the coast, the firm appointed Kristin Nelson
and Dean Catalano as senior directors of sales as part of the same strategic
expansion.  

Washington
State-based Charter Bank
appointed James Garvey as chief executive officer in anticipation of Keith
Jackson`s planned retirement in 2010.

Mr Garvey was hired as president and chief operating
officer of the Boston Private-owned bank in July of this year.

Gary
Poth, a senior banking professional, was named director of sales and strategy
for Key Private Bank,
a US bank based in Cleveland.

Meanwhile, Timothy Swanson, a senior banking
executive, joined the firm as chief investment officer for the private bank.
Both men will report to Tim Lathe, executive vice president and head of Key
Private Bank.

Mr Poth rejoins Key from National City Corporation
where he was chief financial officer for both the Private Client Group and
Allegiant Asset Management. Mr Swanson also joins Key from National City
Corporation, where he was executive vice president and chief investment officer
for the Private Client Group.

UK

HSBC Private
Bank has appointed Chris Allen as
head of its alternative investments division, a London-based role he will take
up at the start of January 2010.

Mr Allen, who is currently head of real estate at HSBC
Alternative Investments Limited (HAIL), will become the division’s
managing director. He will report locally to Nigel Webber, chief investment
officer of HSBC Global Private Banking, while functionally he will report to
Peter Rigg, global head of HSBC Alternative Investment Group.

UK private bank Kleinwort Benson
bolstered its Edinburgh office with the appointment of private banker Chris
Arbuthnott.

Mr Arbutnott joins Kleinwort Benson from Arbuthnot
Latham, where he spent three years as a private banker managing the financial
affairs of both private clients and their families, and of charities.

Barclays Wealth
appointed Oliver Gregson as its new head of UK investment advisors.

The announcement comes after Mr Gregson left his
directorial position at UBS, as exclusively reported by WealthBriefing
in July Prior to his role as director and senior client advisor at UBS’s London
desk, Mr Gregson worked at Citigroup Private Bank.

As head of UK investment advisory
within Barclays Wealth's Investment & Product office, Mr Gregson
will lead a team of investment advisors who specialise in providing investment
advice to UK-based relationship managers and clients. He will report to Craig
Lewis, head of investment advisory.

UK-basedBarclays Wealth
appointed Kevin Gardiner
as managing director and head of investment strategy for the Europe, Middle
East and Africa region.

Mr Gardiner will be responsible for developing and
implementing the company’s investment strategy recommendations worldwide. He
will be reporting to Aaron Gurwitz, global head of investment strategy and
Arnaud de Servigny, global head of research strategy and quantitative
analytics.

Mr Gardiner joins the company from HSBC, where he
held the position of a chief global equity strategist. His career includes over
two decades of experience as a strategist at Credit Suisse, JP Morgan, Morgan
Stanley and SG Warburg.

UK-based
investment house River
and Mercantile Asset Management appointed Tomas Tomasson
as a partner and an analyst in the recently formed global equities division,
headed by Alex Stanic.

Mr Tomasson previously worked at Lazard as a
buy-side technology analyst.

Union Banque
Privée, the Geneva based private bank, appointed Richard Katz was to
its board of directors at the firm’s annual meeting.

Mr Katz is currently a director of Leveraged Capital
Holdings Investments and Asian Capital Holdings Fund. He sits on the executive
committee of Quantum Endowment Fund where he has been a director since 1986.
Furthermore, he sits on the boards of directors of Quantum Industrial, Quantum
Realty and Asian Infrastructure Development Holdings.

HSBC Private
Bank appointed Willem Sels as head of its fixed income strategy in
the UK.

Reporting to Fredrik Nerbrand, the head of global
investment strategy, Mr Sels will focus on building bond-focused client
solutions in sovereign and credit markets, the firm said in a statement.

Before joining HSBC Private Bank, Mr
Sels was head of credit strategy at Dresdner
Kleinwort.

Matrix
Corporate Capital, part of London-based financial services group
Matrix, appointed Oliver Hoare as head of pan-European equity sales.

In this newly-created role Mr Hoare will build a
team to complement the company’s pan-European brokerage. Mr Hoare’s prior
career includes roles at Collins Stewart and Commerzbank, where he ran
pan-European equity sales. Before this he worked at New Court/Merrill
Lynch.

UK-basedIgnis Asset
Management appointed Rob Page as marketing director, a role
he will take up in early 2010.

Mr Page will be responsible for all group marketing
functions including implementation of marketing strategies and communications
to support the continued expansion of Ignis’ retail, institutional and
international propositions.

Mr Page joins the company from Liontrust, where he
was responsible for the promotion of funds to professional investors and
advisors in the UK and Europe.

UK-basedHenderson New
Star appointed Ainslie McLennan as co-manager of the New Star UK
Property Unit Trust.

Ms McLennan, who joined Henderson Global Investors
in 2002 and was formerly responsible for running the UK and European commercial
property portfolios for institutional clients, will be working alongside Marcus
Langlands Pearse.

AXA Wealth,
appointed Marc Davies as executive director, AXA Distribution Services, while
Martin Jennings, was named director of product development and marketing, AXA
Wealth.

Within AXA Winterthur Wealth Management, Nick
Elphick continues in his role as chief operating officer but also assumes
additional operational responsibilities for AXA Wealth’s offshore business in
the Isle of Man.

David Thompson was appointed managing director,
Wealth Investments & Distribution, with overall responsibility for the
business’s investment and distribution strategy. Tom Wilkinson, meanwhile, took
up the role of director of strategy and business development, responsible for
setting AXA Wealth's strategic agenda.

MetLife Europe
bolstered its management team with the appointment of Andy Marks to the
newly-created post of business development director.

In his new role Mr Marks will be responsible for
driving new business opportunities with MetLife’s existing IFA network and
developing new sales channels which the firm believes will emerge in the run-up
to the Retail Distribution Review’s implementation. He will report to Dominic
Grinstead, MetLife’s UK managing director.

Mr Marks was formerly managing director, sales at
The Hartford, having joined the firm in 2007.

London-basedEden Financial
boosted its fixed income team and multi-asset class investment expertise with
the recruitment of Gaurav Singh as global credit analyst.

Mr Singh was formerly a senior investment analyst
for the Stamford Global Event Driven Fun, specialising in high yield bonds,
loans and event-driven credit strategies.

Investment
management consultancy Laven Partners
hired Robert Mirsky as managing director. He will be responsible for the
development of a new alternative investment platform for family offices,
institutional investors and wealth managers.

A US-trained lawyer, Mr Mirsky joins from Ernst &
Young UK where he was a partner and co-leader of the European hedge
fund practice. Prior to this, he was head of Deloitte’s UK hedge fund practice.

Seattle-basedRussell
Investments promoted Irshaad Ahmad to the new role of managing
director, UK. 

Mr Ahmad joins the EMEA team from Russell’s Canadian
business, which he joined in 2004 from Mercer where he
held a senior role in their investment consulting business in Canada.

US
and international law firm McDermott
Will & Emery hired Martyn Gowar and Andrew Vergunst to establish an
international private client team in the firm’s London office.

Mr Gowar has been a senior partner at Lawrence Graham
and consultant to Penningtons,
while Mr Vergunst joins from the London office of Maitland, where
he held positions as group director, law partner and the head of their private
client department.

SEI, the US financial
services and technology firm, appointed Jason Collins as head of UK and
European equities.

In his new London-based role, Mr Collins will lead
the UK and European Equity team, with responsibility for research, portfolio
construction and manager selection of all SEI’s UK and European
manager-of-managers funds. He will report to Kevin Barr, head of SEI’s
Investment Management unit, and will also assume management responsibilities
within the London office.

Mr Collins was most recently a co-founder of Maia
Capital, the London-based multi-manager investment boutique.

WH Ireland, the
UK-listed private wealth manager, appointed Lindsey Hamilton as head of wealth
management, joining from Allied Irish Bank’s Independent Financial Services
arm.

Also from joining from AIB were Angela Wise, Jayesh
Ratna, Panvir Thind, Zoltan Molnar and Christy Morrison. 

UK
law firm Buss Murton Law
strengthened its private client team with the appointment of Alex Cuppage. He joined
from the London firm Campbell Hooper, where he was a partner and head of its
private client department.

Mr Cuppage’s work encompasses advice on the tax
implications of various trust structures, drafting of wills, offshore tax
planning, residency and domicile matters and acting as a trustee to both large
and small estates.

A
senior investment director at Rensburg
Sheppards has formed a double business partnership at London-based Brocklebank
Investment Management and Raymond
James Investment Services, the UK private client arm of
Florida-headquartered Raymond James Financial.

Richard Arnatt has joined Raymond James as an
investment manager but will also conduct business as Brocklebank
Investment Management, alongside RJIS colleague Tim Brocklebank-Fowler.

London-basedCarne
Global Financial Services, an independent advisor to the wealth
management industry, has appointed Bill Blackwell as product development
specialist and Aman Jairath as regulatory compliance specialist.

Mr Blackwell will be responsible for product
development in London with capacity to work with clients across Carne’s other
offices. He has spent over 17 years within the fund investment management
industry and his career includes roles at JP Morgan and PIMCO.

Mr Jairath, meanwhile, has in-depth knowledge
of regulation and compliance within UK wealth management, the firm said in a
statement. He joins Carne from the CCL Partnership.

Barclays Wealth
appointed John Saunders
to the post of managing director and head of its proposition for UK resident
non-domiciled clients. He joins from UBS, where he had
been a senior member of the London-based leadership team of UBS Wealth
Management for the last 10 years.

In
his new role Mr Saunders is responsible for overseeing the ongoing development
of Barclays Wealth’s resident non-dom proposition and its delivery across the
business, and for building its profile and expertise.

London-based
law firm Berwin
Leighton Paisner hired private-client specialist Murray North from
magic circle law firm Clifford Chance
to bolster its trusts and personal tax team.

Mr North, a barrister and a solicitor, specialises
in providing personal tax and trust advice to ultra-high net worth individuals
and associated entities, many of whom are based overseas or in the UK as
resident non-domiciles.

Future
Capital Partners, UK-based alternative investment boutique, appointed
Trevor Castledine as chief operating officer.

Mr Castledine will be responsible for all of the
company’s operations, organisational development and strategy delivery. He
joins the company from Royal Bank of Scotland where he worked as managing
director and head of financial products.

Coutts, the UK
private bank which is part of Royal Bank of Scotland Group, confirmed the
departure of relationship manager Nathalie Dauriac-Stoebe. In addition, Claudia
Giger left RBS Coutts, the international sister private bank of Coutts.

While Ms Dauriac-Stoebe’s next role is as yet
unknown, Ms Giger has been hired by Schroders
Private Banking for a Switzerland-based role.

London-based
investment manager Ruffer appointed
Hermione Davies as investment director.

Ms Davies joins Ruffer from Bessemer Group (UK)
where she was the managing director and chief investment officer of the group’s
non-US investments.

Robert
Kyprianou, the chief executive of AXA Framlington, the qualitative equity brand
of London-based AXA
Investment Managers, will retire by the end of this year. Mark
Beveridge, meanwhile, has been appointed global head of AXA Framlington.

In his new role Mr Beveridge assumes responsibility
for the brand’s growth and development, and will be working alongside Stephane
Prunet, AXA IM’s global head of equities.

Mr Beveridge joins the company from Goldman
Sachs Asset Management where he was chief investment officer of global
equity; his career also includes senior roles at Franklin Templeton Group
and Fort Lauderdale.

Matrix
Corporate Capital, part of London-based financial services group
Matrix, hired two KNG men as co-heads of
fixed income.

Bill Blain and Jim St Johnston will jointly head up
the business advising individual clients on investments as well as developing a
platform for financial institutions focused on raising capital for mid-sized
banks and insurers.

Mr Blain latterly ran the financial institutions
debt capital markets team at HSBC and Mr St Johnston was global head of
syndicate at ABN Amro, running ABS, the bank capital and emerging markets
businesses.

Guernsey-basedTrust Corporation
has hired Andréa Taylor and Mark Coffell into their management team. Mr Coffell
joined from Close Trustees,
Ms Taylor from Fortis.

Kelly
Noel-Smith has joined Mayfair law firm Forsters as a
partner in the offshore tax and trust team.

Ms
Noel-Smith joins Forsters from London firm RadcliffesLeBrasseur, where she was
head of the private client group. She advises settlors, trustees, beneficiaries
and the directors of non-resident companies on the implementation of offshore
structures and their UK tax consequences. She also acts for English landed
estates and has expertise in heritage property

London-basedJupiter Asset
Management has appointed Ben Surtees as manager of the Jupiter Asian
unit trust.

Mr Surtees takes over management of the £46 million
($74.7 million) Jupiter Asian fund from Philip Ehrmann, who has managed the
portfolio since joining Jupiter in October 2006.

Mr Surtees, who joined Jupiter in 1997, has worked
on the firm’s Asia desk since 2000 and has run the Jupiter Asia Pacific fund (Sicav)
since 2005. He also manages the Asia ex-Japan segment of the Jupiter Global
Managed fund.

UK-based
investment manager Baring
Asset Management appointed Kommera Chakradhar Reddy as head of India
equities. Based in London, Mr Reddy is responsible for managing exposure to
India equities across Barings’ range of emerging markets products and reports
to James Syme, head of global emerging markets.

Mr
Reddy was most recently chief investment officer at ABN Amro Mumbai, a post
which he held for 15 years.

London-basedJupiter
Investment Management Holdings appointed Philip Johnson as chief
financial officer. Mr Johnson joins Jupiter from Marshall Wace, where
he was finance director.

South African-based Investec Trust Group appointed Xavier
Isaac as Chief Executive

Mr Issac will head up the
group's global operations, covering offices in the Channel Islands, Mauritius,
Switzerland and London. He replaces Robert Clifford who left to “pursue other
professional and personal interests”, and had been in the role since 2000.
Mr Isaac previously served as managing director of Investec Trust in
Switzerland.

Offshore law firm Appleby strengthened its private client and trusts
practice in Jersey with the appointment of Marc Guillaume. Mr Guillaume advises
on all aspects of trust law, particularly specialising in foundations,
pensions, employee benefits and charities. He has worked for two
other global firms in Jersey: Ogier and Mourant.

Evelyn Brady was made a partner at PricewaterhouseCoopers in the Channel
Islands. Based in the Guernsey office, Ms Brady provides assurance services to
the financial services sector in both Guernsey and Jersey, specialising in
asset management and insurance.

Switzerland

UK-based
investment company Martin Currie appointed Dominik Issler as country head for its
Swiss business. Mr Issler has previously been CEO at Fortis Investments/ABN Amro Asset Management.

Sergio
Marchionne (chief executive officer of Fiat) and his colleague Peter
Voser (chief executive of Shell) will not stand for
re-election to the board of directors of UBS at the general meeting
set for 14 April 2010. Both will focus on their management positions.

Jean
Berthoud, chief executive and principal shareholder of Banque Bonhôte, the Swiss private bank,
will step down on 1 January 2010, taking up the role of the board’s chairman.
He will be replaced as CEO by Patrick Bédat, who will join from Pictet, the Geneva-based
private bank.

Morgan Stanley Private Wealth Management appointed Mauricio Sanchez, a senior manager from
Merrill Lynch in Geneva, as executive director and head of Latin America
operations. He will continue to be based in Geneva.

Swiss
private bank Clariden Leu appointed Ariste Chiabotti from UBS in Zurich as head for premium client
solutions. He will report to Adrian Nösberger, head of private banking
Switzerland and member of the bank’s executive board.

Morgan Stanley Wealth Management hired Dr Patrick Fuerer
as a managing director and chief operating officer of Bank Morgan Stanley, the
Swiss subsidiary of the US-based wealth management firm. He joins from
Raiffeisen Group Switzerland.

AAM Privatbank, the Swiss private bank
owned by Basler Kantonalbank (BKB), appointed Dr
Retro Erdin as new CEO, replacing Ralph Sauser. In addition, Hans Ringger joins
AAM Privatbank’s management as the bank’s head of private banking. Both join
from BKB.

UBS Wealth Management appointed Christoph
Schenk as chief investment officer. Previously, he has been chief executive of
pensions at the Zurich-listed firm.

Kristinn
Kristinsson, head of private banking in Geneva at Bank Sarasin & Co, left the company due to
personal reasons, a replacement has not yet been announced.

Geneva-basedMirabaud & Cie appointed Lionel
Aeschlimann as a managing partner, with effect from 1 January 2011. He will
however initially join the private bank on 1 January 2010 as a member of the
executive committee.

Sarasin Group, the Swiss-listed
private banking and investment firm, appointed Caroline Steffen as its new head
of corporate marketing, based in Basel. She joins from UBS, where she held various
consulting and marketing functions at group level since 1992.

Zurich-based
private bank Clariden Leu appointed Thierry de
Loriol as head of Private Banking Europe Geneva/Clariden Leu Representative
Romandie. He succeeds Ernst Klossner, who is to remain at Clariden Leu as a
senior relationship manager. Most recently Mr de Loriol was the chief executive of Sinara Capital Management, the Geneva-based asset
management company.

Europe

Patrick
Chalmers and Sharon Thomas both left the South Africa-based Standard Bank, where they focused on
serving high net worth Russian clients.

Banque de Gestion Privée Indosuez, the French specialist
private banking arm of Paris-listed Crédit Agricole, appointed Laurence
Lebrun-Renoult as deputy chief executive officer. Prior, Ms Lebrun-Renoult headed the development of
funds and personal customer business at Fédération Nationale du Crédit Agricole

Mediterranean Bank, the Malta-based private
bank, appointed Francis Vassallo, formerly governor of the Central Bank of
Malta, chairman and Mark Watson, previously co-head of Citigroup Global Credit
Markets, CEO.

Barclays
appointed Bob Foresman as country head for investment banking and investment
management to oversee the bank’s operations in Russia. He will be based in Moscow. He joins from Renaissance
Capital, where he was deputy chairman.

JP Morgan appointed former BNP Paribas man Emmanuel Siac as a senior private
banker in France, reporting to Jean-Baptiste Douin, head of the private bank in
the country. Mr Siac will primarily be focusing on advising and developing
relationships with clients in France.

Nikolai
Tsekhomsky, chief financial officer at VTB Bank, the Russian-based bank and
wealth manager, resigned. He will be replaced by Gerbert Moos, chief executive
at VTB Capital.

Barclays Wealth appointed Íñigo Calderón
as head of its Spanish business. He joins Barclays Wealth from Deutsche Bank, where he was most
recently based in Spain as deputy head of the bank’s private wealth management
business.

Alexandre
de Rothschild, son of Rothschild chairman David de
Rothschild, will join the family bank, media reports suggest. Alexandre de
Rothschild joins the family bank from Argan Capital, Bank of America’s former
European private equity arm, Bloomberg
reported.

Middle
East

Standard Chartered Private Bank appointed Anthony
Rawlinson as head of private banking and office manager in Abu Dhabi. Mr
Rawlinson joins from Merrill Lynch Banque Suisse in Dubai, where it is
believed he was a vice president.

Peter
Schaer, head of the UBS wealth management advisory
office in Dubai, has resigned. He will be replaced by Juergen Wegner, who has
been promoted to the role internally.

Barclays Wealth appointed Sahba Hadipour as the director of its
International Private Banking team in the Middle East. Prior, he was director of
private equity and wealth management at CIC Holding.

Conyers Dill & Pearman, the offshore law firm,
appointed Craig Fulton as head of its recently-opened office in Mauritius. Mr
Fulton will focus on generating business in the burgeoning markets of India and
Southern Africa.

ANZ
appointed Philip Chronican as chief executive officer for Australia, conferring
upon him regional responsibility for the bank’s wealth management,
commercial and retail businesses as from November.

International law firm White & Case added Charlie Wilson to the team of counsels
for its Singapore office. Mr Wilson, previously from specialist finance group
Linq Asia Capital in Indonesia, will work on restructuring, private equity, and
mergers and acquisitions activities, including the structured finance duties he
specialised in during the two years at Linq.

IOOF Holdings the Australia
based provider of wealth management products and services, appointed
new chief financial and chief investment officers.David Coulter, who was previously the
company's head of management reporting, will become CFO. Mr Coulter has been
acting in this role since IOOF merged with Australian Wealth Management in
April this year.Meanwhile, Telstra Super CIO Steve Merlicek will be joining IOOF as
CIO, with effect from 1 October. In this newly created role, he will oversee
the firm's funds management unit, which covers IOOF's multi-manager products.

China Asset Management Corp hired Anthony Ho to become its new deputy chief executive. In
his new role, Mr Ho will be tasked to help develop a new product that would
complement ChinaAMC's international strategy. He replaces Cheng Haiyong, who has been elevated
to head of international investments of the company's Hong Kong qualified
domestic institutional investor business.

Swiss private bank Clariden Leu, part of Credit Suisse, appointed Kenneth Toong as chairman for Asia.
The Asian business of Switzerland’s EFG International has appointed a new
deputy chief executive and head of private banking, Hong Kong, Nigel Sze, joining from Citi Global Wealth Management.

Mr Sze supports Robert Chiu,
executive chairman, and Albert Chiu, chief executive, the Zurich-listed firm
said in a statement.

Saigon Asset Management, the
Vietnam-based investment manager, filled a year-long empty position after
naming Hoang Nguyen as its new chief
investment officer.

DBS Group named Melvin Teo as its new China country manager, effective 1
January 2010. Mr Teo replaces Teresa Lin, who now is senior advisor for the
Singapore-based bank's China unit and institutional banking business in the
Greater China area. He retains his old position as private equity head.

BSI Bank Limited Singapore, part of
the Lugano-based BSI banking business, appointed a former
top executive at Coutts’ international business, Hanspeter Brunner, to head its
operations in Asia from March next year.

Macquarie Private Bank appointed
Robert Credaro, formerly from Macquarie's private equity division, as its new
chief investment officer.

Premium China Funds Management, an
Australian-based investment firm, appointed former Westpac executive, Pierre
Leung, as Asia investment specialist for New South Wales. Mr Leung was
previously Westpac national structured products manager. He had also worked
with Westpac Institutional Bank and Macquarie Private Wealth.

Macquarie Private Wealth New Zealand
appointed two new investment advisors, with Alistair Ross and Kristan Mines
joining the team.

Both men join the firm from
Goldman Sachs, a statement from the firm said. Ian Witters, meanwhile, assumes
the role of head of Macquarie Private Wealth New Zealand.

Bank of the Philippine Islands Asset Management and
Trust Group named Theresa Marcial Javier as its new
group head.

Ms Javier was previously the
deputy group head of the same company. She takes over from Adelbert Legasto,
who retired last month but still serves as the bank's senior advisor and
consultant. She is also to continue with her other role as the company's chief
investment officer.

Aberdeen Asset Management added two
new executives to its senior roster to assume the roles that Australia chief
executive officer and head of fixed income Bill Bovington is leaving.

Brett Jollie, who has been with the
fund manager for ten years, will become the new Australia head, while ex-Credit
Suisse staffer Victor Rodriguez will take over the
fixed income business. Mr Rodriguez will be overseeing a team of 11 fixed
income experts handling around $17 billion worth of assets.

US-based asset management firm American Century Investments bolstered
its new Hong Kong office with the appointments of Betty Ng and Miranda Poon to the team.

Ms Poon was previously the vice
president of business development at Pictet's Asia ex Japan unit. In her new
role as director of business development for the Asian sales team, she will be
focusing on the Greater China region, which covers China, Hong Kong, and
Taiwan.

Macquarie Group named veteran Asian
banker Kalpana Desai as the new deputy head
of Asia for Macquarie Capital Advisers.

BNP Paribas Wealth Management
appointed Thierry Dana, the regional manager of Switzerland,
Southern Europe and Latin America, as its new chief executive of BNP Paribas
Wealth Management for Hong Kong and North Asia. Mr Dana will report directly toSerge Forti, chief executive of BNP Paribas Wealth
Management Asia-Pacific, reports said.

Meanwhile, Claude Haberer,
currently CEO of BNP Paribas Wealth Management Hong Kong and North Asia, has
been appointed head of key clients, Asia.

Dutch-based ABN Amro Private Banking has appointed
senior Asia executive, Hans Diederen, to lead its Asian office as chief
executive. Mr Diederen is currently regional head of ABN Amro Private Banking
North Asia.  

In his new role, Mr Diederen
replaces Barend Janssens, the former CEO of ABN Amro Private Banking Asia. Mr
Janssens will leave ABN Amro to pursue new opportunities.

HSBC hired Keith Chan as the new head of its Asian listed product
unit in its bid to become Hong Kong's top issuer of callable bull-bear
contracts and warrants.

Mr Chan, who was previously
with Macquarie, reports to the bank's head of intermediaries for North Asia
Gary Hung, although his division will be working under the wealth management
sales team led by Ken Sue. He replaces Frank Wong, who early this year left the
company to join Barclays Capital.

Jupiter Asset Management, the UK based
fund manager catering to both private and institutional investors, named David Conway to assume the newly
created role of Asia Pacific sales director.

Mr Conway was previously the
local regional manager of Royal Skandia based in Singapore. In his new role he
is responsible for building business links with life firms, private banks, and
wealth managers in Hong Kong and Singapore.

Bank of America Merrill Lynch named Brian Brille as the new president of
its Asia-Pacific operations. Mr Brille is currently the head of corporate and
investment banking for the Americas and will be replacing Ki Myung Hong (Kim
Hong), who is to become vice chairman for Asia-Pacific. According a statement,
Mr Hong will be reporting to Mr Brille, although the bank said this does
not equate to a demotion.

Chen Ee Fang joined Martin Currie Investment Management as
its new business development director for Asia.

Mr Chen, who came from Vanguard
Investments, will be based in the firm's new Singapore office. In his new role,
he will be responsible for client servicing and business development in Asia.

Global private equity firm Advent International hired Shweta Jalan as director of Advent India PE Advisors Private Ltd.

Ms Jalan was previously the
director at ICICI Venture in Mumbai.

Edinburgh-based Martin Currie Investment Management
appointed Ee Fang Chen as Business development director, Asia.

Mr Chen joins the firm from Vanguard Investments, where his main
responsibility was institutional business development in China, Taiwan and Hong
Kong. Prior to this role, he worked for Watson Wyatt Worldwide.

Mr Chen will join Martin Currie
on 28 October. Based in Singapore, he will be responsible for client service
and business development in Asia, reporting to Kimon Kouryialas, regional head
for Pan Asia.

Raj Sriram, head of private banking Singapore and global
head of the South Asian business for RBS Coutts has resigned. He was hired by Australia's ANZ.
The bank has also hired Hanspeter Brunner from RBS Coutts.

Paul Davies, previously international head of strategy
and business development, will take over Mr Sriram's responsibilities in the
interim.

Partha Roychoudhury was
appointed as head of active advisors, North Asia, for Barclays Wealth. He will report to Des
Byrne, head of capital markets and stockbrokers.

Mr Roychoudhury will oversee
the team of active advisors in Hong Kong, joining from a similar role at RBS
Coutts. He also worked at Dresdner Kleinwort, Citibank and Peregrine
Securities.

The former general manager of Commonwealth Financial Planning, Tim
Gunning, has been appointed chief executive of Ord Minnett, which is 70 per cent owned by Australian Wealth Management and 30
per cent by JP Morgan. He will be responsible for the Ord Minnett
private wealth, portfolio services, funds management and corporate finance
businesses, replacing Karl Morris who held the position of chief executive and
managing director from October 2004. Mr Morris will take over as Ord Minnett
executive chairman; the incumbent in that post, Russell Aboud, will continue to
serve as a director on the firm's board.

Australian wealth management
company Ord Minnett announced the appointment of Tim Gunning as its new chief executive officer.

Mercer (Australia) chief executive
officer and Asia Pacific region head Peter Promnitz joined the Investment and Financial Services Association
as director. Mr Promnitz takes over from Jeremy Duffield, who has left the IFSA
to become The Vanguard Group's new managing director of international planning
& development.

Barclays Wealth hired Partha Roychoudhury as head of active
advisors for North Asia. Mr Roychoudhury was previously the head of Active
Advisory Services, North Asia at RBS Coutts in Hong Kong. In his new role, he will oversee
a Hong Kong based advisory team whose responsibilities include providing
investment-focused advisory solutions and tactical trade ideas to the wealth
management company's bankers and clients in Hong Kong.

MLC, the wealth management arm
of National Australia Bank, appointed Suzanne McCouraig as the new head of
platform sales.

Ms McCouraig was previously
with Queensland superannuation fund QSuper and brings to her new role over 14
years of financial services experience. She will report to MLC general manager
of sales Colin Wood.

Fubon Bank (Hong Kong) managing
director and chief executive officer Jin-Yi Lee resigned citing early retirement.

Bajaj Financial Solutions, a
subsidiary of Bajaj Finserv, appointed Arpit Agarwal as chief executive to
spearhead its launch into advisory-led financial services in India. In his new
role Mr Agarwal reports to Sanjiv Bajaj, the managing director of Bajaj
Finserv, who oversees the financial services interests of the Bajaj Group,
including Bajaj Allianz Life Insurance, Bajaj.

UK-listed Standard Chartered named TS Shankar as
the new head of its transaction banking team for Southern Asia.

Mr Shankar was previously Bank
of America's senior vice president in Singapore. In his new role, Mr Shankar
will be covering the whole of Southern Asia.

Pacific Alliance Group, the Asian
investment firm, has brought in four ex-senior executives at Deutsche Bank to
add to its distressed asset investment team.

They are: ex-head of Asia
distribution in distressed products Kanak Kapur; head of origination,
structuring and special situations in distressed products Anshumann Woodhull;
and Stuart Blieschke and Anil Gorthy, both from the distressed asset management
unit in Hong Kong.

Venkatesh Rathnam was appointed
global head of securities services at Standard Chartered. Mr Rathnam was
previously the Asia Pacific regional head of operations at Citibank. He
replaces David Gilmour, who is now head of investor and intermediaries sales
for North Asia. In his new role, Mr Rathnam will oversee the global operations
and service delivery for the bank's clearing, custody and funds administration
business.

Citigroup chief executive officer for Southeast
Asia-Pacific Piyush Gupta will be joining DBS Holdings as its new CEO in November.

Mr Gupta replaced the late
Richard Stanley. Mr Gupta spearheaded branch expansions for Citigroup in
various countries in the region.

Bank of America Merrill Lynch made
five senior appointments to its Asia Pacific commodities team as part of its
growth plans across key sectors in the region.

First among the hires is that
of Peter Beaumont, who joins as managing director and head of metals and mining
sales and origination for the Asia Pacific region. Based in Sydney, Mr Beaumont
will report locally to Diego Parrilla, head of commodities Asia Pacific, and to
Amrik Sandhu, global head of metals in London.

ATR KimEng Financial
Corporation, a Philippines-based firm, hired Michael Ferrer to head its
newly-established asset management business in the Philippines.

Mr Ferrer was previously a
manager for ING Investment Management's Southeast Asia operations and will
introduce investment products to the largely untapped $20 billion Philippine
asset management industry.

Swiss-based Pictet Asset Management assembled of a
three-man team to market funds of hedge funds to Asia and Australia.

The team, which includes
Pictet's alternative products specialist Steve Huguenin-Virchaux, will be based
in Geneva and initially target clients from Hong Kong and Australia. The unit
will be working very closely with Amy Cho, the regional head of business
development, Asia Pacific ex-Japan, Pictet Funds and Pictet Asset Management,
who is based in Hong Kong.

Two Singapore-based private
bankers catering to non-resident Indians, Shiladitya Choudhuri and Shailendra
Kirtikar, have left HSBC with the former moving to Calyon, part of Credit Agricole. The destination of the
other HSBC employee could not be confirmed.

Latin America

Royal Bank of Canada’s
Brazilian arm is to take on at least eight client advisors by the end of 2009.
The new offices in São Paulo and the southern city of Porto Alegre already have
20 employees. Key management players include Mr Lima, managing director Claudio
Von Gal and investment head Victor Ziruolo. Mr Lima says he expects the team to
expand to between 35 and 40 by the end of the year. All staff were recruited
locally.

Barclays Wealth announced it is
looking to hire 120 graduates as part of its 2010 private banking graduate
programme, with positions covering more than 20 locations across Asia, the
Middle East, Europe and the Americas.