A roundup of moves in global wealth management during June.

ARK36, a cryptocurrency hedge fund regulated by Cyprus, built a fintech advisory board comprising senior figures in the industry, including former government advisors. The members are Frank Thorwald, Dr Mark Moore, Wayne Christian and Lord James Cecil.

Thorwald is a managing member of the Thorwald Group in Phoenix, Arizona, the governor of Arizona’s official representative to the Interstate Oil and Gas Compact Commission, chairman of the Arizona Oil and Gas Conservation Commission and a member of the Arizona Governor’s Regulatory Review Council. Previously, he was a senior advisor to US President Ronald Reagan, and advised other senior figures in the US government. Dr Moore is CEO of Atlantic Alpha Strategies in Savannah, Georgia.

Dr Moore served as a board member at numerous companies such as the hedge fund Millennium Partners, and Health Discovery Corporation. Christian is Commissioner at the Railroad Commission of Texas and the official Interstate Oil and Gas Compact Commission representative of Texas. he is a licensed Investment Advisor Representative, who opened Wayne Christian Financial Services, an independent financial services office, in 1987. Lord James Cecil is a strategic communications consultant and the founder of Nexus Advisory in London, a communications agency specialising in targeted and high-level connectivity for governments, individuals, and commercial entities.

Jupiter Fund Management said its chief executive, Andrew Formica, would be retiring in October, to be succeeded by Matthew Beesley, the group’s chief investment officer. Beesley is retaining his CIO role during a transition period.

Formica will eventually relocate back to Australia but will remain in the business until 30 June 2023. Formica, who joined the asset manager in 2019 from Janus Henderson, is remaining on the board of NZS Capital as the company’s representative. 

HSBC appointed a new head of private banking for Europe, Middle East and Africa: Gabriel Castello. He took over from Alex Classen, who decided to leave the bank after more than three years to take on a non-executive opportunity. Castello, who coordinates the activities of HSBC’s private banking, commercial banking, global banking and asset management businesses in Switzerland, is based in Switzerland. He has more than 30 years’ experience in private banking and wealth management. He was previously at Quintet Bank, where he was a partner and member of the group executive committee. Prior to that, he spent 13 years at UBS in a variety of senior roles, including CEO of France, head of wealth management for LatAm and Caribbean, and executive vice chairman of global wealth management, UBS Switzerland. Before joining UBS, Castello spent 17 years at CaixaBank in Spain and France.

Impax Asset Management appointed Charlie French as deputy chief investment officer for listed equities. French joined from Newton Investment Management, where he was head of multi asset, head of investment and most recently head of equity opportunities. 

Investec appointed Chris Watts, Kieran Emmanuel and Zulfi Islam to join its mortgage intermediary team in London. Watts joined from Synergy Bank. He was appointed as business development manager. He has 20 years’ experience in financial services, including time spent at the Bank of Butterfield and Harrods Bank. Emmanuel, who took up the position of associate business development manager, moved within Investec. He joined the bank’s private client lending operations team after graduating from university in 2019. Zulfi Islam was appointed apprentice business development manager.

James Hambro & Partners appointed two senior figures in its Leeds office. Financial planning director Ned Francis and head of finance Andrew Rice were rewarded for their contributions to the partnership. The other appointee, Andrew Rice, who was previously finance director at JO Hambro Capital Management, oversaw the merger with BT Investment Management in October 2011. He has been with JH&P for almost six years. 

The Edmond de Rothschild Group appointed Hervé Ordioni as CEO of international private banking and a member of the group executive committee. Yves Stein, CEO of Edmond de Rothschild Europe, and Renzo Evangelista, CEO of Edmond de Rothschild France, also joined the group executive committee, the firm said. In his new Geneva-based role, Ordioni oversees the Swiss, Monegasque, Dubai, Israeli and UK private banking activities as well as the activities of Wealth Solutions and Wealth Planning, the firm added. Michel Longhini, head of group private banking, left the bank.

Close Brothers Asset Management appointed two managing directors, David Mellett and Ben Staniforth, to strengthen its team across the North, Midlands and South West of England.

Mellett, who has more than 25 years of experience in financial services, is based in the North of England. He joined from Santander Private Bank, where he was regional director across the North for nearly seven years. Meanwhile, Staniforth, who splits his time across the Midlands and South West, is responsible for growing CBAM’s HNW advice capabilities across those areas, managing both regional teams. Staniforth joined from Chase de Vere, where he managed a team of financial planners.

Edison Group, an international equity research and investor relations consultancy, appointed James d’Ath as its new director of ESG, reflecting the company’s continued expansion. D’Ath has nearly three decades of experience in investments and the international equity market, working at Barclays Wealth, ING and ICAP.

Jersey-based privately owned and managed trust company FCM expanded its team with the appointment of three new recruits. Samantha Flambard, who has more than 30 years’ experience in the industry, joined as director of client services. Urszula Polanska was appointed as assistant trust manager, with responsibility for her own portfolio of clients. Nienke Bouic, who joined the firm as a compliance assistant, brings 14 years’ experience after working for the Apex Group.

The Janus Henderson Group appointed Ali Dibadj as CEO. He succeeded Roger Thompson, CFO, who had served as interim CEO from 1 April to 20 June 2022, replacing Dick Weil who retired on 31 March. Thompson is continuing as CFO.

ACA Group, the governance, risk, and compliance advisor to financial services businesses, appointed Marie Luchet as managing director of environmental, social and governance (ESG) work. She was previously the director of Continental Europe with Principles for Responsible Investment (UN-PRI), the global association in sustainable finance. 

Stonehage Fleming made a series of promotions across its Jersey and Guernsey offices. In the Jersey family office division, Ian Ferguson and Rudi Bodenstein were promoted to partner. Joining over 20 years ago. He provides trustee and director services to the structures of a number of high net worth family clients. Previously the head of the Jersey office’s internal audit and compliance division, he has a background in banking in the UK and Jersey. Ferguson has spent two years with the Jersey Financial Services Commission, the firm added.

Bodenstein, who joined the company in 2018, acts as a senior trustee, with a specific focus on South African families. He is a lawyer with 17 years of experience in private practice and 14 years in advising and assisting clients with cross-border and fiduciary requirements. 

Tatiana De Sousa and Stuart Dixon-Smith were promoted in the Jersey family office division to associate director. In addition, Peter Humphries, Jim Jenkins and Christopher Nixon were promoted to managers in the same division, and Jason Gould, Carly-Anne Samson and Steeve Batista to senior associates. In the Jersey Group Services division, Milan Pillai was promoted to manager and Kelly Frith, Sebastian Plaster and Tom Heulin to senior associates.

Investcorp named Mashaal AlJomaih as managing director of private wealth for the organisation in Saudi Arabia. AlJomaih, who is based in Riyadh, has more than 20 years of experience in the investment banking space.

International legal and professional services firm Ince appointed Oliver Storey as a partner in its London corporate team. Storey brings a wide range of legal experience in London’s corporate finance market, including advising listed and private companies, investment funds, private offices and government departments on their financing needs. He has fundraising, transactional and M&A experience.

Charles Stanley appointed James Rae as head of inheritance tax portfolio management. Rae joined the firm’s IHT team in July 2017. Prior to joining the business, he worked at Charlotte Square Investment Managers in Edinburgh, where he was the lead manager of the HIS service. Rae reports to Dan James, head of asset management, and is based in the Charles Stanley London office.

Santander bank nominated Héctor Grisi to succeed José Antonio Álvarez as its CEO. Mexican-born Grisi starts the new role on 1January 2023, following a transition period.

Grisi, who joined Santander from Credit Suisse in 2015 as CEO of Santander Mexico, was appointed head of the Santander group’s North America region in 2019. Grisi succeeded José Antonio Álvarez who has been with the bank since 2002 and was appointed chief financial officer in 2004 then CEO in January 2015. 

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Close Brothers Asset Management made five new senior investment hires to expand its investment management offering in the South East of England. Based across London and Chichester, James Nield joined as a managing director whilst Robert Clough, Tim Harman and Simon Heathcoat Amory joined as investment directors, and Joe Boxall joined as an investment manager. They came from Sanlam Private Wealth and Rathbones.

Allspring Global Investments appointed Charlie Wilson as head of financial institutions for the UK and Switzerland. Wilson brings more than 25 years of experience working for global asset managers, leading business development and sales strategy across Europe. Before joining Allspring, Wilson worked as head of European accounts at PGIM Investments, within the Global Financial Institutions Group at Investec Asset Management, and in a senior sales role at Lazard Asset Management.

Haysmacintyre, a firm of chartered accountants and tax advisors, appointed Natasha Frangos as the its new managing partner. Taking over from Jeremy Beard, who led the firm for the past three years, Frangos became the first female managing partner at haysmacintyre. Frangos has been a partner for 13 years. Suntera Global, a multi-jurisdictional provider of corporate, fund and private wealth services, appointed Dan Bisson as managing director of its operations in the Channel Islands.

Prior to his new role, Bisson was the managing director of Nedgroup Trust, which was acquired by Suntera Global in April 2022. Global professional services provider JTC made internal senior appointments in its Institutional Client Services and Private Client Services teams in Jersey. 

Helier Le Main was made head of ICS, while Mark Fleming and Jodi Hill were made deputy head of PCS in the jurisdiction. Le Main led the Employer Solutions team in Jersey, Guernsey, Edinburgh and London, which joined JTC in 2021. Previously, he served in a range of senior roles at RBC.

IQ-EQ, an investor services group, promoted Jersey-based Marisa Warren to regional head of onboarding and implementation for the UK, Ireland, and the Crown Dependencies. She returned to her native Jersey after seven years in London. 

Luna Investment Management appointed Peter Stiles as investment director. Stiles has had a 37-year career within investment management.

Barclays Wealth Management & Investments appointed Greig Townsend, Benjamin Lamers, Scott Heslin and Rob Houston to strengthen its east regional team in the UK.

Greig Townsend was appointed team manager of the east region, which covers Norwich, Cambridge, Ipswich and the surrounding areas. He is responsible for a team of east regional wealth managers, focused on building relationships with clients to provide a tailored wealth management approach. Townsend, who reports to Paul Shaw, head of London and South East, Barclays Wealth Management & Investments, joined from Santander. Previously, he worked at Barclays for six years as a portfolio manager and private banker.

Benjamin Lamers was appointed east region director, Barclays Wealth Management & Investments, reporting to Greig Townsend. Lamers came from Brown Shipley, where he worked as a client director, supporting clients to manage and invest their wealth.

Scott Heslin and Rob Houston were appointed wealth managers in April, covering the east region. They joined the firm from Brewin Dolphin and Barclays Premier respectively.

VG, a provider of trust, corporate and fund administration solutions, appointed Wendy Inns as a director within the team. Inns joined from Jersey-based trust company Hawksford, where she was a director for five years.

VG welcomed Katherine Heddercott who works as an assistant manager. Heddercott, who has 16 years’ experience in the trust industry, came from Hawksford, where she worked alongside Inns for five years. The senior trust officer, Samantha Bohan, relocated.

London-based Lawrence Stephens appointed Carly Russell as director of the private wealth and succession planning department. Russell has more than 20 years’ experience advising on both contentious and non-contentious private wealth, and national and international matters. Before this role, Russell previously worked at Irwin Mitchell, PriceWaterhouseCoopers, Howard Kennedy and Russell Jones Walker and, most recently, Brecher.

Credit Suisse Asset Management appointed Robert Rackind as new head of global real estate. He succeeded Raymond Rüttimann who is retiring at the end of the year. Rackind joined from EQT Real Estate and has almost 30 years’ experience in the sector. He joined EQT in 2015.

Credit Suisse appointed Can Sungurtekin as Turkey coverage relationship manager in the Middle East and Turkey team, based in its London office. He reports to Amar Mir, managing director at Credit Suisse, UK. He has over 10 years of banking experience across private banking, fixed income, FX and derivative sales in global markets, in London and Istanbul.

Ocorian, a provider of corporate and fiduciary services, appointed Don Ross as global head of investor services. Ross reports to Garrett Breen, Ocorian’s head of global funds; he has nearly 18 years of experience in the finance industry. Previously, he was head of investor relations for EMEA at JP Morgan Fund Services, and head of investor services at Quintillion.

Mirabaud Group appointed senior private banker William Ladenburg to join its private banking and wealth management business as a director. Ladenburg has more than a decade of experience in the private banking space, having held senior positions at Credit Suisse and Close Brothers Asset Management. He reports to Stuart Bates, the CEO of UK wealth management at Mirabaud.

Offshore law firm Carey Olsen appointed former Clifford Chance senior figure Matthew Grigg as a partner to join its corporate practice in Bermuda.

Omni Partners, a London based alternative investment management firm, appointed Charles Gallagher-Powell as head of private equity. At Omni, Gallagher-Powell is responsible for building out a lower-mid market private equity business, reporting to Omni's founder, Steven Clark. Gallagher-Powell, had already worked alongside Omni on transactions including Fortes Partners and iPlace Global. He has over 11 years of experience in the investment industry.

North East financial advisory firm, Lowes Financial Management, appointed Gershom Chan in the newly-created role of head of financial planning to continue its growth strategy. Chan, a chartered financial planner and fellow of the Personal Finance Society, has been part of the wider Lowes team for around four years.

Vanguard appointed Andreas Zingg, country head and managing officer of Vanguard Investments Switzerland, to the newly-created role of head of multi-asset solutions for Vanguard, Europe. Zingg reports to Rick Vassell, head of Vanguard’s Portfolio Review Department team which oversees the funds and ETFs it offers and the new funds and ETFs it develops. 

Before he joined Vanguard in 2016, Zingg was head of iShares sales Middle East and Africa and head of iShares sales for the German-speaking parts of Switzerland at BlackRock. Prior to that, he worked for UBS Asset Management.

JTC, the listed professional services firm concentrating on fund, corporate and private client work, appointed Naro Zimmerman as deputy head of Caribbean for private client services. It promoted Alia Haskouri to director, head of United Arab Emirates. Haskouri succeeded Zimmerman in the UAE.

Zimmerman moved from Dubai to the Cayman Islands. Prior to moving into this new role, Zimmerman was head of JTC’s Dubai and Abu Dhabi offices, having originally joined JTC in 2020 as an associate director based in Guernsey. He has worked in the fiduciary industry for over 15 years. Haskouri is responsible for running JTC’s Dubai and Abu Dhabi offices. She joined JTC’s Dubai office in 2020, having previously worked for an administration services firm.

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North America

6 Meridian, a Wichita, Kansas-based wealth management firm which joined Hightower earlier this year, promoted eight of its advisory professionals to partner. The eight new partners are: Josh Buffolino, investment management; Tim Lynch, wealth advisor; Amanda Maier, chief marketing officer; Trevor Phillippi, chief operating officer; David Pike, wealth advisor; Tim Rozzell, wealth advisor; Jordan Swisher, wealth advisor; and Ammie Weidner, director of trading and operations.

Cresset Partners appointed Kevin O’Donnell as executive managing director of its private funds group, encompassing private equity, private credit, and venture capital. O’Donnell  leads Cresset’s platform for global private investing in external funds, co-investments and related opportunities, in partnership with leading third-party private asset managers. O’Donnell most recently served as head of private equity with the Public Investment Fund of the Kingdom of Saudi Arabia. Prior to that he was the head of private and opportunistic investments for Kaiser Permanente.

Raymond James welcomed Tim Woods, Blake Brignac, and Mitchell Woods to the firm’s employee advisor channel in Lake Charles, Louisiana. The advisor team – now known as Woods Brignac Wealth Management of Raymond James – was joined by client service associates Debbie Ardoin and Mackenzie Wright. Prior to Raymond James, the team managed approximately $453 million in client assets at Merrill Lynch.

Fiduciary Trust International appointed Amy Ko as regional managing director for Northern California. She is still based in the firm’s San Mateo office. Ko, who holds the Certified Trust and Financial Advisor (CFTA) designation, joined Fiduciary Trust International as San Mateo-based senior relationship manager and managing director in November 2020. She was previously a managing director and relationship manager at the Silicon Valley Bank private and wealth advisory group in San Francisco.

US law firm Troutman Pepper appointed Thomas Gray, a veteran transactional tax and investment tax attorney to join its tax and benefits practice group in New York as a partner. Gray, who joined from Faegre Drinker, earned his JD from Boston University School of Law and his bachelor's degree from University of Vermont. He is also a Certified Public Accountant.

The president of Raymond James’ Alex. Brown division, Haig Ariyan, who has also been heading global wealth solutions, decided to pursue an opportunity outside the firm. Alex. Brown and global wealth solutions chief operating officer Michael Tormey, along with John Sutton and Brett Kellam, both Alex. Brown managing directors, report to Raymond James & Associates president and CEO Tash Elwyn. 

Bill Seugling, managing director of the firm’s investment solutions group, was appointed head of global wealth solutions, reporting to Raymond James’ private client group president Scott Curtis. Tormey joined Raymond James in the acquisition of the US Private Client Services Unit of Deutsche Asset & Wealth Management, where he was COO. He joined Deutsche Bank in 2004 and began his career at Bankers Trust Company in 1992. Seugling also joined the firm in the acquisition of the Deutsche Asset & Wealth Management deal, where he was managing director. He joined Deutsche Bank in 2008 and began his career at Greenwich Associates in 1991.

Sutton, who also came to Raymond James via the same route, joined Deutsche Bank in 2013. He began his career as a practicing attorney with Donovan Leisure Newton & Irvine in 1993. Rounding out the joiners, Kellam also joined via the Deutsche deal. He joined Deutsche Bank in 2009 and began his career at Paine Webber in 1981.

PGIM Fixed Income named former senior White House advisor Daleep Singh as chief global economist and head of global macroeconomic research. At the White House, Singh was US deputy national security advisor for international economics and deputy director of the National Economic Council. In this capacity, he served as President Biden’s top international economics advisor, driving policy formulation at the intersection of economics and national security. His work has included the development of fiscal and tax policy; shaping the US economic strategy with China; leading efforts to promote supply chain resilience; promoting the development of a digital asset strategy; and building an economic governance toolkit that includes tariffs, sanctions, export controls, energy security, debt relief, bilateral assistance, and infrastructure finance.

Prior to joining the Biden administration, Singh was executive vice president and head of the markets group at the New York Fed. From 2011 to 2017, he worked at the US Department of the Treasury as acting assistant secretary for financial markets and deputy assistant secretary for Europe and Eurasia. Preceding his tenure at the Treasury Department, Singh worked for Goldman Sachs, with a focus on US interest rates and currency markets.

Raymond James welcomed a team of advisors in Manhattan collectively overseeing about $850 million in client money. The advisors are Yaakov A Ringler and Yonatan “Yoni” Marom. They were previously part of Citigroup Global Markets. They were joined by practice business manager Daniel Lebovitch and client service associates Kevin Scull, Ariel Urban and Joan Brody. 

Spain's Santander bank nominated Héctor Grisi to succeed José Antonio Álvarez as its CEO, subject to customary approvals. Mexican-born Grisi will start the new role on January 1, 2023, following a transition period. 

Grisi, who joined Santander from Credit Suisse in 2015 as CEO of Santander Mexico, was appointed head of the Santander group’s North America region in 2019. Grisi succeeded José Antonio Álvarez who has been with the bank since 2002 and was appointed chief financial officer in 2004 then CEO in January 2015. 

SEI, an investments and technology solutions group, appointed one of its own senior figures, Sanjay Sharma, to lead its private banking business segment. Sharma, who has worked at the US-based firm for 14 years, was previously their chief technology officer. Before he joined SEI, Sharma ran a consulting business. In total, he has worked in the financial services industry for a quarter of a century.

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IDB Bank, a New York-based private and commercial bank, appointed senior banking industry figure Daniel Roberts as its new chief risk officer. Roberts, who has accumulated more than three decades’ experience in the sector, reports to Ziv Biron, IDB Bank's president and chief executive.

Before this job, Roberts worked at People's United, where he spent nine years as CRO and chief audit executive, leading the overall audit and risk functions. Prior to that, Roberts spent more than 25 years at Citigroup, where he held several executive positions in their risk and audit divisions. Roberts is a graduate of Gettysburg College, where he received his bachelor of science in accounting.

Investment house Mayer Brown appointed four partners to join its Salt Lake City office to bolster capabilities in emerging companies and venture capital in the region and nationwide.

The joiners were Craig Frame, Jim Kelly, Aaron Murdock, and Matt Wells. Frame, Murdock, and Wells advise companies at all stages of growth in connection with corporate, securities, financings and merger and acquisition matters. Kelly advises a range of investment management firms, including venture capital firms.

BNY Mellon Wealth Management named Tom Assad as senior client strategist. Assad works with ultra-high net worth families, business owners, corporate executives, private equity and hedge fund principals and their family offices, as well as foundations and endowments. He is based in Boston and reports to Matt Santangelo, head of client strategies and business development, New England. Prior to this, Assad was a wealth advisor and senior vice president at BNY Mellon Wealth Management. Before that, he was an executive director, Private Bank at JP Morgan Chase.

Verdence Capital Advisors, a private wealth advisory and multi-family office firm, appointed Kelly Wright as director of financial planning. Wright brought three decades of financial planning and wealth management industry experience to Verdence. Prior to joining the firm, he was the director of wealth management for Congress Wealth Management in Columbia, Maryland. 

KKR, aka Kohlberg Kravis Roberts, appointed former Citigroup chairman Raymond J McGuire to join its board of directors, taking the number of independent directors to 13 out of a total of 17. For more than a decade, McGuire held senior leadership positions at Citigroup, including serving as the global head of corporate and investment banking.

Fiduciary Trust International named Abby Axelrod as philanthropic director for family office services, foundations, and endowments. Prior to Fiduciary Trust International, Axelrod served as director of charitable giving at the Community Foundation for Palm Beach and Martin Counties. 

Fiduciary Trust International also appointed Peter Niedland as managing director and senior portfolio officer, based in its Radnor office. Niedland joined from Maplewood Capital in Wayne, Pennsylvania, an event-driven investment firm, where he served as a principal, and was also a senior portfolio manager at Turner Investments in Berwyn, Pennsylvania.  

Market index provider Wilshire appointed Lawrence Miller as chief technology officer and as a member of its executive committee. Miller has served in leadership roles in technology, financial services, and health sciences companies for more than 20 years. Prior to joining Wilshire, he was CTO of Signant Health, which provides clinical trials technology, and the chief security officer of Symphony, a secure communications startup based in Palo Alto. He also worked as a managing director at BlackRock for 11 years, overseeing the development services team for Aladdin.

Raymond James recently welcomed Ron Deal to its employee advisor channel. He is based in Ruston, Louisiana. Prior to this, Deal worked at Wells Fargo Advisors, where he managed about $151 million in client assets. He was joined by senior client service associate Julie Guillot, a 25-year veteran of WFA. Deal and Guillot operate as Deal Wealth Management of Raymond James.

US-based investment house Matthews Asia named Cooper Abbott as chief executive, succeeding William Hackett who retired at the end of June. Abbott, who has more than 20 years’ senior investment management experience, has served in a variety of leadership roles.  Most recently, he served as president and chairman at Carillon Tower Advisors.
 
Sanctuary Wealth brought SkyPath Private Wealth, a firm managing about $1.2 billion in client assets with an office based in Short Hills, New Jersey. The four-person advisor team is composed of founding partners Kevin Pearly, James Rohmann, Steven Filiaci and Ken Hopkins, supported by senior registered wealth associate Susan Hoyt and registered wealth associate Jessica McGowan, all of whom have had extensive tenures with Merrill Lynch.

A group of former Wells Fargo figures in Cincinnati created a new wealth management business, partnering with Dynasty Financial Partners. The new firm, DayMark Wealth Partners, previously managed $1.4 billion in client assets. The founders include two executives, Mike Quin and Steven L Satter who is general counsel, and five financial advisors: Robert E Prangley, II, P J Boland, Jason M Beischel, Mike Larison, and Daryl J Demo. The total number of staff is 14 professionals.

BNY Mellon Wealth Management appointed two senior wealth managers, Justin Esposito and Chris Martinson in its Boston office. Esposito, who has more than 15 years of experience in financial services, joined BNY Mellon Wealth Management from the Bank of America Private Bank, where he served as a portfolio manager, vice president. 

Martinson joined BNY Mellon Wealth Management from Citi, where he most recently worked as an ultra-high net worth investment counselor, and as an ultra-high net worth investment analyst.

Fiduciary Trust Company appointed Aimee Bryant as vice president and trust counsel, and Katie Collins as VP and investment officer. Bryant reports to Suma V Nair, chief fiduciary officer. Prior to joining Fiduciary, Bryant was a partner in the private client group at Nutter McClennen & Fish, where she began her legal career.

Collins serves as a key client relationship manager, providing customized wealth management services to her clients and leveraging Fiduciary’s teams of experts. She also joined the Advisory Board at Fiduciary Trust Charitable, an independent donor-advised fund sponsor for which Fiduciary provides administrative services and is an investment manager. She previously advised high net worth clients as a director and philanthropic strategist in the Private Donor Group at Fidelity Charitable. 

Fiduciary Trust International appointed Julie Karnavas as regional managing director for the Pennsylvania market. She was previously director of portfolio and relationship management.

UBS made a number of operational and structural changes to its Southern California wealth business. Lauren Gorsche serves as market head of the newly-integrated private wealth management and wealth management operations in the metro LA market. She continues to oversee the Los Angeles private wealth management branch and satellites, with added responsibility for the West LA complex, headed by complex director Kreg Pearless in an expanded role leading the Century City and Beverly Hills wealth management offices. Gorsche reports to both Todd Locicero and Jennifer Povlitz.

Jim Kottoor assumed the role of market head for the newly-created greater LA market, including Sherman Oaks, Bakersfield, Santa Barbara and Westlake Village – all formerly part of the West LA market – as well as Downtown LA, Manhattan Beach and the new Pasadena complex. He reports to Povlitz, who is the west division director for UBS Wealth Management. Leslie Chang was named Pasadena complex director and oversees Pasadena, Seal Beach, and Brea. Justin Frame serves as market head of the new Southern California market, which includes the former San Diego market division offices of San Diego, La Jolla, Carmel Valley, Rancho Bernardo, Riverside and Redlands, Indian Wells and Hawaii, as well as the Orange County offices of Newport Beach and Irvine.

Two long-time employees stepped down from their roles at UBS. Jaron Singletary, who served as West LA market head, left to live abroad with his family and pursue his MBA. He is due to return to UBS next year. Chris Marsh is pursuing a career change at UBS after taking this summer off.

Wealth management house Glenmede appointed Mark R Parthemer as the Florida regional director, reporting to Adam Douberly, director of expansion markets for private wealth. Parthemer took over from Chip Wilson, who recently retired.

Parthemer was also named chief wealth strategist, reporting to David Plotts, director of wealth strategy and planning for the firm. Parthemer, who is based in Palm Beach, Florida, is responsible for the continued build out of Glenmede’s presence in the region. Among other accomplishments, Parthemer is a fellow of the American College of Trusts and Estates Counsel. 

Before joining Glenmede, Parthemer was managing director, private client service, for TIAA, where he led the ultra-high net worth group. Previous roles included MD and senior fiduciary counsel at Bessemer Trust Company and senior tax professional at PricewaterhouseCoopers. 

Archer, a tech-driven service provider to the investment management industry, appointed AIG senior figure Terri Fiedler to join its board of directors. Fiedler is president and chief executive of AIG Financial Distributors.

With more than 25 years’ sales and national account management experience, Fiedler was senior director, national account management at Invesco prior to joining AIG. Fiedler serves as a trustee for the Foundation for Financial Planning and as vice chair of the Insured Retirement Institute.

Sanctuary Wealth brought the firm Praetego Private Wealth – run by a team of former JP Morgan Bankers – into its network. The new firm, based in Trinity, Florida, consists of founding partners and private wealth advisors Dustin Cali and Daniel Ventura, and client associate Thomas Solfio. It came to Sanctuary with more than $200 million in client assets under management. 

Argent Financial Group added new members to its board of directors: Lance Hall and Glen Post. Hall is the president and CEO of Origin Bank. He has served in a variety of roles within Origin Bank, including Louisiana state president, chief strategy officer and chief operating officer. Post is the former chairman and CEO of CenturyLink. During his tenure at the company, he also served as chief financial officer and chief operating officer. 

Alex. Brown, a division of Raymond James, welcomed experienced financial advisors William Stewart III, who joins the firm as a director, and W Grove Stewart IV at its Annapolis, Maryland office.

Operating as Stewart Wealth Advisory Group, together they serve a range of clients including owners of privately held businesses and their families, specializing in helping them navigate the arc of wealth transition. The duo was previously affiliated with Janney Montgomery Scott, where they managed approximately $375 million in client assets.

Prior to joining Alex. Brown, William Stewart was with Janney Montgomery Scott as an executive vice president. He has over 35 years of experience in the financial industry, dating back to 1986 when his career began in New York with Kidder Peabody & Company. When the firm was sold in 1994, he joined Smith Barney before being recruited by Donaldson, Lufkin & Jenrette as the national manager of DLJ Consulting. In 2003 he joined Legg Mason Wood Walker whose private client group was exchanged for Citigroup's Asset Management operation in 2005 and finally became Morgan Stanley in 2008. 

Grove Stewart began his career as a financial advisor trainee in 2017 when he joined his father, Bill, at Janney Montgomery Scott. He takes part in the firm’s Advisory Mastery Program, a holistic educational program to position early career financial advisors for success. 

Raymond James welcomed financial advisors Jeanie M Taras and Michael S Taras to its employee advisor channel, based in Jacksonville, Florida. Operating as Taras Wealth Management of Raymond James, the mother and son duo were joined by senior client service associate Sarah G Guyton. The team transitioned to Raymond James from UBS Financial, where they previously managed approximately $220 million in client assets. They will serve clients as part of RJA’s North Florida Complex, led by complex manager Gregg Stupinski.

Walker & Dunlop, a provider of capital to the commercial real estate segment, combined its fund management, proprietary capital, high yield, and seniors bridge lending groups into the investment management and proprietary capital group. The group is led by Mitchell Resnick. Resnick also serves as president of Walker & Dunlop Investment Partners, Walker & Dunlop's wholly owned alternative investment manager. He joined Walker & Dunlop in 2016. 

Blackford Capital, a middle-market private equity firm, appointed Ken Wagner as chief financial officer, leading the firm's finance, accounting, regulatory, compliance, reporting and controls functions. Wagner reports to Blackford's managing partner and chief operating officer Paul Doyle. Wagner previously worked for 10 years with Doyle at other companies. He joined Blackford from Coastal Group, where he served as chief financial officer with Paul Doyle, who was Coastal's CEO at that time.

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Asia-Pacific
Sun Life Hong Kong appointed Christine Yeung as general manager, life and health. Yeung has held various senior positions with major insurance companies in Hong Kong including FTLife, where she was chief commercial officer and chief product officer. Prior to that, she served at multinational insurers such as AIA and Manulife, spearheading their product proposition strategy and the development of both Hong Kong and regional markets. Steven Fong, general manager of distribution, resigned to pursue other opportunities.

Julius Baer made new senior appointments in Southeast Asia. Andrew Lee – currently group head of Southeast Asia – took on a new role as vice chairman of Southeast Asia. Lee joined the bank in 2016. Vi Sun Yang joined the firm as a group head of Southeast Asia, succeeding Andrew Lee. Yang is a private banker who brings more than two decades of experience in the wealth management industry. Prior to joining Julius Baer, Yang was with UBS Singapore for 14 years, responsible for Singapore and Indonesia markets. Most recently, she was head of private client segment and wealth management client service specialists. Earlier in her career, Yang was with American Express Bank, DBS Bank and Standard Chartered Bank.

Shui Wei Ho joined as a group head of Southeast Asia. Ho was most recently with Bank of Singapore where she was the market head for Thailand and Indochina. Prior to that, she was with UBS and the Monetary Authority of Singapore. Ho took over from Christian Cappelli who returned to Switzerland to take on a new role as head APAC Switzerland.

UBS appointed managers in its alternative advisory and sales teams in Asia. The new figures were Thomas Roland-Guyot, whose main coverage will be global family and institutional wealth clients, focusing on private markets; William Shin, also mainly focused on GFIW clients, with a hedge fund slant, and Nikki Yeung, an investment funds specialist.

Roland-Guyot was most recently head of private markets and alternatives at the French bank, CA Indosuez. Shin, who has more than 12 years’ experience in the alternative asset class space, previously worked at Bank of Singapore. Yeung previously worked at Deutsche Bank in Hong Kong where she was an investment funds specialist for more than three years. They report to Marie Chew, head investment funds and alternatives for Southeast Asia.

HSBC Global Private Banking appointed Bryce Wan as market head for north Asia. He is based in Hong Kong and reports to Siew Meng Tan, regional head for the private bank in Asia-Pacific. Wan took up a slot vacated when Ivan Wong, who was the interim market head, North Asia for HSBC Global Private Banking, left the bank earlier this year. 

Prior to this, Wan served in leadership roles at UBS. Most recently, he was market team head of global family and institutional wealth for Hong Kong and China markets at that Swiss bank. Wan also worked at UBS as head of global family office in Hong Kong, and country team head of UHNW business for China. Prior to UBS, Wan spent 19 years at Goldman Sachs Private Wealth Management.

Hong Kong-listed Value Partners Group named former senior BlackRock figure Ricky Tang as managing director, co-head of client portfolio management. He serves as co-head of client portfolio management, alongside co-head Frank Tsui. Based in Hong Kong, Tang reports to group chairman and co-chief investment officer Louis So, and president, June Wong. With more than 15 years’ experience in the financial sector, Tang was most recently a director, multi-asset investment strategist at BlackRock. 

SEI, the investments and technology solutions group, appointed one of its own senior figures, Sanjay Sharma, to lead its private banking business segment. Sharma, who has worked at the US-based firm for 14 years, was previously their chief technology officer. Before he joined SEI, Sharma ran a consulting business. In total, he has worked in the financial services industry for a quarter of a century.

US-based investment house Matthews Asia named Cooper Abbott as chief executive; he succeeded William Hackett who retired. Abbott, who has more than 20 years’ senior investment management experience, has served in a variety of leadership roles. Most recently, he served as president and chairman at Carillon Tower Advisors where he founded and built the global multi-boutique asset management company providing equity, fixed income and multi-asset class solutions to a range of institutional and retail investors.

Franklin Templeton appointed Matthew Harrison and Tariq Ahmad as co-heads of Asia-Pacific. Harrison, managing director, Australia and Tariq Ahmad, head of Asia distribution, have joint ownership and accountability of APAC strategy. They took over from Vivek Kudva, APAC head, who retired from Franklin Templeton after 16 years at the firm. The co-heads, who report to Adam Spector, executive vice president, global advisory services, develop and execute the overall APAC strategy jointly.

Northern Trust Asset Management, part of US-based Northern Trust, appointed Miles Mallick to the newly-created role of chief operating officer, Asia-Pacific. Mallick, based in Melbourne, reports to John McCareins, head of NTAM in Asia-Pacific and Archana Kumar, global chief operating officer for NTAM. Mallick, who was most recently head of investment operations and data and analytics at Telstra Super, has more than 25 years of experience in various leadership roles in asset management, wealth management, and fintech firms.  

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Ares Management Corp, a New York-listed alternative investment house, appointed a former senior HSBC figure to increase its business growth in Asia in the wealth management space. The firm appointed Henry Lee as head of Asia for Ares Wealth Management Solutions. He joined the Hong Kong office, and reports to Raj Dhanda, Ares’ global head of wealth management in AWMS. The role is a newly-created one. Lee worked at HSBC for 16 years.

Julius Baer’s Thailand joint venture with Siam Commercial Bank announced a raft of senior appointments. Khun Varisa Labanukrom joined SCB Julius Baer as a team leader, Khun Narumon Samart joined as a relationship manager; Khun Panurat Nara-Arc joined as an RM. Khun Pajaree Sakulsuraekapong and Khun Pajaree Sakulsuraekapong also joined as RMs, as did Khun Sorawan Suwanwat.

Credit Suisse appointed Min Huang as head of asset management, Asia-Pacific, in addition to her role as head of asset management for China. Huang spent seven months leading asset management in the Asia-Pacific region on an interim basis. Huang continued to report to Ulrich Körner, CEO of Credit Suisse Asset Management. With over 20 years of experience in the financial services industry, Huang joined Credit Suisse in 2006. 

HSBC appointed Irene Hy Chen as global head of its ultra-high net worth solutions arm – part of the bank’s wealth and personal banking business. Chen, who is based in Hong Kong, joined from Citibank where she was most recently head of cross-asset solutions for Asia, responsible for providing structured solutions for high net worth and ultra-HNW clients and family offices. Chen reports to Karl Faivre, head of investment and wealth solutions in EMEA (ex-UK) and Switzerland.

M&G Investments, the UK asset manager, appointed Guan Yi Low as head of fixed income in Asia-Pacific. Guan Yi joined from Eastspring Investments where she was head of fixed income. She is responsible for developing M&G’s capabilities by expanding the team and, over time, launching new strategies for the firm’s clients. Guan Yi, who has more than 20 years of experience in the Asian fixed income markets, jointly reports to Jim Leaviss, chief investment officer of M&G’s public fixed income division, and Loretta Ng, head of Asia-Pacific.

Capital Group appointed former Goldman Sachs senior figure Suyin Tan as managing director, financial intermediaries, for Singapore and Southeast Asia. Based in Singapore, Tan leads the financial intermediary sales team. She reports to Jeik Sohn, head of client group, Singapore and Southeast Asia. Most recently, Tan was an executive director at Goldman Sachs Asset Management. Prior to her nine-year venture at that US firm, she spent 13 years at Henderson Global Investors serving as a director based in Singapore where she spearheaded and implemented their retail distribution strategy.

United Overseas Bank in Vietnam has a new chief executive, Victor Ngo. He took over from Harry Loh, who relinquished the role. Ngo has more than three decades’ experience under his belt. He joined UOB in 2004 and was head of group compliance from 2017 to 2022. Before that, he led group audit from 2006. His banking career has also seen him work in Singapore and Australia.

UBS appointed Denise Lim as chief operating officer of UBS Singapore; she joined from PricewaterhouseCoopers. Lim had been lead partner at PwC for risk and regulatory topics including conduct and culture, fraud risk and market conduct, anti-money laundering/know-your-client work, and tax-related financial crime matters. In addition, Lim was most recently the human resource partner for her business unit looking after talent management, recruitment, mental wellbeing as well as diversity and inclusion.

Hong Kong-based Value Partners promoted Kelly Chung to investment director, head of multi-assets. Chung continues to report to the group’s co-chairmen and co-chief investment officers, Dato’ Seri Cheah Cheng Hye and Louis So. Chung joined the group in April 2016 as a senior fund manager. Chung, who has worked in the investment space for more than 20 years, previously served in various senior roles at LGT Bank (Hong Kong), SEI Investments, Merrill Lynch Global Wealth Management and HSBC Asset Management.

HSBC Asset Management appointed Yigit Onat as head of multi-asset, Asia. Based in Hong Kong, Onat reports functionally to Jean Charles Bertrand, global multi-asset chief investment officer, and locally to Cecilia Chan, Asia-Pacific chief investment officer.

Citi Hong Kong appointed Charles Lam as Hong Kong head of markets and Caroline Chan as Hong Kong head of securities services in the Institutional Clients group. Lam is responsible for leading Citi’s markets business in Hong Kong, and the development and implementation of product strategies, covering equities, fixed income, rates and currencies, commodities and spread products. Since joining Salomon Smith Barney in 1998, which later became part of Citigroup, Lam has served in a number of sales and trading roles globally.