A summary of moves in wealth management across the globe in November, 2017.

UK and continental Europe people moves for November 2017 

Weatherbys Private Bank appointed Henry Taylor as an associate director. Taylor reports to Quentin Marshall. He joins from Lloyds, where he was most recently a relationship director in corporate banking. Since he joined Lloyds in 2005, he has held a number of other senior roles in both their domestic and international private banking businesses. 

Brown Shipley appointed Andrew Butler-Cassar as head of its London Office, a newly created role. Butler-Cassar focuses on the leadership of the London-based client relationship teams, including business development and he will report to Guy Healey. Butler-Cassar has over 20 years of industry experience, including his most recent role as head of private office at Investec Wealth & Investment, a role he has held since 2014. Previous roles include head of corporate development, head of London and senior investment director during 12 years at Williams de Broe, as well as senior relationship manager at Lloyds TSB Private Banking.

Citi Private Bank appointed Andrew Keating as UK private banker. He is based in London and reports to Giles Thompson, managing director. Keating joined from LGT Vestra, where he managed UK & Irish ultra-high net worth clients. He has over 20 years' investment experience, having worked with both Julius Baer and Merrill Lynch previously. 

M&G Investments appointed Michael Stiasny as manager of M&G UK Income Distribution Fund. He replaced Richard Hughes, who was retiring at the end of March. Also Stiasny joined Sam Ford as co-deputy manager of the fund. Stiasny continues as fund manager of M&G Charifund, which he has run since November 2016, and deputy fund manager of M&G Recovery Fund.

The firm also appointed Wolfgang Bauer as manager of the M&G European Inflation Linked Corporate Bond Fund, replacing current manager Jim Leaviss. 

Berenberg appointed Angela Müller-Valkyser to be its co-head of wealth management for Germany. Over the past 22 years, Müller-Valkyser has carried out various management functions in corporate and investment banking as well as in wealth management at Deutsche Bank. Most recently, as a MD there, she was responsible for strategic clients for the Region West.

Northern Trust appointed Mike Mahoney as a transition manager for Europe, Middle East and Africa (EMEA). Based in London, Mahoney handles transition management services for insurance companies and financial institutions across the region. He reports to Craig Blackbourn, who was appointed as head of transition management for EMEA in January 2017. Mahoney joined from State Street Global Markets, where he was a transition manager and portfolio trader for the last eight years.

Cavendish Asset Management named Nick Burchett as manager of UK Equities. Burchett works with fund manager Paul Mumford to advise and assist across Cavendish’s clients, with a focus on investment timing and improving the trade execution process. He joined from Investec, where he has worked for nearly 30 years as head of dealing for Investec Wealth & Investment UK, specialising in smaller companies.

Boris Collardi, CEO of Julius Baer since 2009, joined Pictet's board. Collardi is moving to Pictet from mid-2018 “at the latest”. In his new role, Collardi is jointly responsible for Pictet’s global wealth management business, alongside Rémy Best, the managing partner who has had sole charge of this division since December 2014.

Julius Baer made a number of hires in its UK regions, as part of an expansion strategy. Martin Cuthbert joined as a team head and is responsible for the team covering the North East. Cuthbert joined from Barclays Wealth, where as regional director he established the Barclays Wealth North East franchise. Gordon Scott joined as head of the teams covering the North West, Scotland and Northern Ireland and will be based in in Scotland. He joined from Barclays where he was regional head, before that he held a similar role at Kleinwort Benson.

James Bailey, the senior relationship manager in the Manchester office, also joined from Barclays Wealth where he was responsible for key clients across the North West, specialising in ultra-high net worth individuals. Glenn Branney joined as regional head of wealth planning, reporting to UK and Ireland head of wealth planning, Alan Hooks. He is a chartered financial planner with over 17 years’ advisory experience, most recently at Barclays Wealth.

Jonathan Dobbin, in Northern Ireland, joined as a senior relationship manager from Barclays Wealth where he built up extensive experience looking after key clients specializing in HNW individuals. Mark Embley, with over 25 years’ experience, joined as a RM in the Midlands region, and in the last ten years advised key clients and family offices on their wealth requirements at Barclays Wealth.

Charlie Hague, a relationship manager, has 17 years’ experience advising HNW families from Yorkshire and London on behalf of Barclays and Kleinwort Benson. Andrew Miller joined as a senior RM bringing over 25 years of experience from Barclays Wealth. Miller covers the North East region with a particular focus on Newcastle and the surrounding area.

Simon Patterson, is part of the bank’s North East team and is responsible for covering Newcastle and the surrounding area. Patterson joined from Barclays Wealth where he was responsible for advising families, trusts and charities in the region. Two existing RMs based in London, Jonathan Holland and Robert Websdale, relocated to Manchester to better support their clients from their new, local office.

Financial services firm Architas, part of the AXA Group, appointed Mayank Markanday as an investment manager. He co-manages a number of portfolios including the Diversified Real Assets Fund, the Diversified Global Income Fund and the MM Monthly High Income Fund and act as deputy portfolio manager on the Multi-Asset Blended range. Markanday is also be the sector lead on UK fixed income and the fixed income side of the alternatives sector, such as asset-backed securities.

He has over 10 years’ experience in multi-asset and equity portfolio management and research. In his most recent roles at Russell Investments, he was the portfolio manager of the Russell Real Assets Fund, deputy portfolio manager on the Russell Multi-Asset Growth Fund and global equity manager research analyst.

Deutsche Asset Management appointed Mark McDonald as global head of private equity secondaries. Based in London, McDonald oversees growth of the Deutsche Asset Management private equity business by identifying alpha-generating, bespoke solutions to complement client portfolios. Prior to this, McDonald was global head of secondary advisory at Credit Suisse and a senior member of the screening committee for the firm’s private fund group. McDonald has over 20 years of international experience.

BNP Paribas Asset Management appointed Philip Dawes as head of institutional sales for the UK and Ireland. He is based in London and reports to Charles Janssen, head of institutional sales for Europe. Dawes joined from Allianz Global Investors, where he worked for 16 years in a variety of roles, including head of UK institutional, with responsibility for all aspects of sales, marketing and client servicing for UK-based DB and DC pension schemes and insurance clients.  

Sweden’s SEB appointed Erika Lundquist as its new private banking head, taking over from Martin Gärtner who remained with the lender as a senior advisor. Lundquist has more than 25 years' experience from the financial sector and has for the last three years been Head of SEB in Luxembourg.

ClearBridge Investments, subsidiary of Legg Mason Global Asset Management, appointed James Arnold as business development manager. Arnold is based in London, and reports to Ryan Virag. He will be responsible for bolstering the firm’s European presence by coordinating institutional sales and marketing efforts. He joined from Goodhart Partners where he served as sales director since 2015.

Audit, tax and consulting firm RSM has promoted Rajiv Vadgama to partner. Vadgama became a tax partner in the firm’s private client practice in London. He joined RSM in 2011, after almost 15 years at two of the Big Four firms. In his new role, Vadgama will focus on growing the business among high net worth individuals, predominantly non-UK domiciles and will also work closely with RSM’s international network firms.

Brewin Dolphin named Bianca Jacques as business development manager in Jersey. Jacques is responsible for promoting the company’s investment management services to the intermediary community in the Channel Islands. She has over ten years’ experience in the financial services sector. Before joining Brewin Dolphin, she was a director at MUFG Investor Services and previously held roles at UBS and BNP Paribas. 

Globaleye appointed Bart Kendall as the new director of wealth management in the UAE. Kendall replaces Gaynor Jones, who was also head of wealth management. Kendall has more than 15 years of experience in the financial services industry. Prior to joining Globaleye, Kendall was an area manager at deVere Group. 

BNP Paribas Asset Management appointed Roger Miners as its chief marketing officer, replacing Anthony Finan who left to pursue personal opportunities outside the group  Miners is based in London, reporting to Sandro Pierri, global head of client group, BNPP AM’s worldwide sales and marketing organisation. He was most recently CMO at Allianz Global Investors, where he spent 15 years in sales and marketing leadership roles. Prior to this, Miners was UK chief executive and global head of sales and marketing at RCM.

Walker Crips promoted Glenn Cooper to group chief operating officer. Cooper, who was previously operations director, replaced Sean Lam, who recently succeeded Rodney FitzGerald as chief executive. The firm promoted Dominic Martin to managing director of Walker Crips wealth management and Wendy Eastwood to managing director of Walker Crips pensions. Martin and Eastwood, previously directors in the business areas they now lead, assumed their responsibilities from interim head of York operations Nigel Skelton, who stepped back to his previous role managing client relationships.

Brewin Dolphin appointed Mike Kellard to its board as a non-executive director. Kellard has over 25 years' experience in the life, pensions and wealth management markets. He was formerly the chief executive of AXA Wealth Management. 

London & Capital appointed Kate Miller as head of institutions. She is based in London and reports to William Dalziel, partner. Miller continues to build L&C’s institutional business which has accrued over $1 billion of assets under management since 2006. Previously, she was a director at P-Solve, an institutional consultant.

Barclays Wealth & Investments named Tim Tate as head of client and customer experience, a new role by the firm. Tate reports to Dena Brumpton, chief executive of Barclays Wealth & Investments. With over 21 years in the financial services industry, Tate joined from JP Morgan Private Bank where he was global head of digital wealth management. Prior to this, Tate spent 15 years in a variety of roles at Citigroup, including head of client strategy and management across Citi’s global banking businesses in Europe and Asia, head of client management for the private bank, and private bank’s head of digital strategy and innovation.

Invesco PowerShares, the exchange-traded fund provider, has appointed Raphael Stern as head of portfolio management Europe, Middle East and Africa. Stern is based in London and reports to Brian Hartigan, global head of ETF investments. He has 10 years' experience within the sector. Most recently, he worked at Deutsche Bank Asset Management in London as a senior ETF portfolio manager.

Aviva Investors expanded its real estate asset management team in Europe with two hires to its Frankfurt office. Matthias Hübner joined as fund manager of long income Europe and Alexander Sperl joined as asset manager of real estate. They report to Gil Bar, managing director of real estate Germany. Hübner previously worked at from Deutsche Real Estate, where he was head of investment management in the German student housing market. Sperl was at Commerz Real AG, where he spent nearly 10 years as a senior asset and investment manager for Germany and Austria.

Nikko Asset Management appointed current Nikko Asset Management Europe chairman, John Howland-Jackson, as Europe, Middle East and Africa chief executive. He replaced Udo von Werne, who decided to leave the firm. Based in London, Howland-Jackson is responsible for all aspects of the firm’s business across the EMEA segment. Howland-Jackson joined Nikko AM as EMEA vice chairman in November 2014. He has more than 40 years of commercial and investment banking experience.

Nikko AM group head of consultant relations Ian Lewis was appointed head of EMEA sales and global head of consultant relations. He is also based in London. Lewis joined Nikko AM in October 2014 as group head of consultant relations in Singapore, and subsequently moved into the same role in London in August 2016. He has nearly 30 years' experience in the sector.

UK investment manager Brooks Macdonald appointed Jennifer Carter and Johnathon Rivers as investment managers, based in its Hampshire office. Carter previously worked at Charles Stanley as an investment manager and has over 25 years of experience in financial services. Rivers has over 10 years of experience in financial services and previously worked at Rathbone Investment Management, where he held the position of investment manager. Prior to this, Rivers worked for Canaccord Genuity Wealth.

Columbia Threadneedle Investments has appointed Lorenzo Garcia as head of Europe, Middle East and Africa client investment solutions. Garcia is based in London and reports to Jeff Knight, global head of investment solutions and Mark Burgess, deputy global chief investment officer. At Columbia Threadneedle, Garcia is working with the global investment team to deliver investment solutions to clients in EMEA. He has 17 years’ investment experience, including a 12-year career with Blackrock Investment Managers, where his most recent role was head of EMEA institutional and retail portfolio management, exchange-traded funds and index investments.

Charles Stanley appointed Shelby Bonham-Lloyd as head of para-planning for the South, and Mia Kahrimanovic as a financial planner based in London. Kahrimanovic joined from Close Brothers, where she was a private client advisor for nearly five years. She has also worked as a financial consultant at Lloyds Bank and the Halifax. Bonham-Lloyd started her career with HMRC as a tax officer, moving into tax-related financial planning at Acuma and PWC. She worked with Coutts as a financial planner before joining Charles Stanley.

Hawksford appointed Carly Vardon to the position of associate director in its private client team. Vardon, who has eleven years of experience in the legal and financial services, joined from Elian Private Wealth, where she was a manager since 2013.

Northern Trust Asset Management appointed Martha Fee as chief operating officer for Europe, Middle East, Africa and Asia-Pacific. Fee is based in London. She reports to Wayne Bowers, chief executive and chief investment officer of Northern Trust Asset Management, EMEA and APAC. Fee joined after two years at Northern Trust’s global fund services. Prior to joining Northern Trust in 2015, Fee spent 10 years at Janus Capital International.

VP Bank named former Julius Baer senior figure Dr Urs Monstein as its chief operating officer. He replaced Martin Beinhoff, who had been COO and who left VP Bank at the end of June. The lender’s board of directors also appointed Dr Monstein to its group executive management. Dr Monstein spent the past ten years working for Julius Baer, most recently as global head of IT and its chief information officer. He joined VP Bank on 1 June 2018. Until then, chief executive, Alfred W Moeckli, and chief financial officer, Siegbert Näscher, continued to oversee the IT and operations units on an interim basis.

GAM Investments appointed Owen Job as investment manager to work on its absolute return fixed income team, with particular focus on macro themes. Job spent over 12 years in investment management, mainly within the macro strategy space. He joined the firm from Soros Fund Management and is based in London.

M&G Investments said Richard Hughes, fund manager of the M&G UK Income Distribution Fund since 2002, was retiring on 31 March 2018. During his 31-year career at M&G, Hughes also served as the manager of the M&G Recovery Fund from 1987 to 2000, the M&G UK Smaller Companies Fund from 1986 to 1992, and the Charifund from 2001 to 2016. Aled Smith also decided to step down as the manager of the M&G Global Leaders Fund. In his 17 year career at M&G, he co-founded the global equity team with Graham French (former manager of the M&G Global Basics Fund), managed American and Asian funds and served as head of equity research, as well as running the M&G Global Leaders Fund since 2002.

Global investment office Stanhope Capital appointed Nigel Spray as partner and head of the firm’s merchant banking division. This was a newly-created role at the firm. Spray joined Stanhope Capital from Kleinwort Hambros where he held the position of managing director and head of private merchant banking. Previously, Spray founded Frontiers Capital, a firm which acted as principal investor in, and advisor to, high growth businesses in consumer sectors. Prior to this, Spray had been a managing director at Credit Suisse jointly running its European consumer group and with more than 30 years’ experience. 

UBS Asset Managementhas appointed Charlotte Baenninger as head of fixed income. She is based in UBS' Zurich office. Baenninger has been leading fixed income on an ad interim basis since the start of this year, and now takes the role on a permanent basis. She has 30 years of experience in the investment industry. She has spent her entire career at the firm, beginning as a trainee in 1987, and was appointed head of fixed income Switzerland and CEMEA in 2001, managing that area for 16 years before additionally taking on the global role in January 2017.

UK-based Royal London Asset Management (RLAM) appointed fund manager Craig Yeaman and assistant fund manager Henry Burrell. The duo report to Henry Lowson. Yeaman was previously investment director at Saracen and manager of the TB Saracen UK Alpha Fund.  Burrell joined from Smith Williamson, where he was head of research for the UK Small Cap Strategy operation.

Derek Mitchell, who managed the RL UK Opportunities Fund and the RL UK Mid Cap Growth Fund, decided to retire after 10 years at RLAM and over 30 years in the investment industry. Lowson and Yeaman took over the management of the funds previously managed by Mitchell. Yeaman oversees the RL UK Opportunities Fund and Lowson manages the RL UK Mid Cap Growth Fund, with the support of Burrell.
NWH Global (formerly Newhaven), an independently-held trust and corporate services provider, appointed Charlotte Denton as global chief executive. Having led the Guernsey office since January this year and overseen rebranding of the business, Denton took responsibility for the global operation. Denton is a chartered accountant who began her financial services career more than 20 years ago at Rothschild and then Barings. The latter was acquired by Northern Trust, where she spent five years in London.

London-based Owl Private Office appointed Annamaria Koerling as partner. Koerling, who previously headed the wealth management business of C Hoare & Co and oversaw its sale to Cazenove, became a partner together with founders, Adam Wethered, William Drake and Andrew Wimble. Her career in wealth management spans over 25 years including senior roles at Schroders, Cazenove Capital Management and Merrill Lynch.

Private client specialists Talbots Law appointed Richard Stone to its trusts and estates team. Stone is responsible for providing legal advice on wills and wealth planning, administration of estates and post death matters and the creation and administration of trusts. He qualified as a solicitor in April 2010 and has worked at a number of law firms in the Black Country and Shropshire.

Edmond de Rothschild appointed Gad Amar as global head of business development of Edmond de Rothschild Asset Management. He is based in Paris, and sits on the executive committee. Amar reports to Vincent Taupin, global chief executive of its' asset management arm, and chairman of the executive board at Edmond de Rothschild (France). Amar was previously head of client distribution for France, Belgium and Luxembourg at BlackRock.

State Street Corporation said has announced that Jay Hooley will retire as chief executive by the end of 2018 after more than 30 years with the company and will remain as chairman through to 2019.  Mike Rogers, who is currently president and chief operating officer, will retire at the end of 2017. 

Financial advisory firm Grant Thornton appointed two new members to its private client team in Cambridge. Iain Dowling joined Grant Thornton as an associate director with more than 15 years’ experience in the sector. Cathy Geary joined Grant Thornton’s Cambridge office as a wealth advisory senior manager. Dowling previously worked for another international tax advisory firm and a private bank in London, where he advised high net worth individuals and their families on all aspects of tax planning and structuring. During her 32 year career, Geary has worked as a Chartered Financial Planner for a national investment company in Birmingham, an international insurance firm and a national pension scheme and wealth management company.

Irwin Mitchell Private Wealth recruited two partners to its wills, trusts and estates disputes team in London and Leeds. Claire-Marie Cornford joined the firm’s London office from Mishcon de Reya, where she is an expert in high-value trust and estate disputes, often involving an international element. Cornford works with individuals, trustees and beneficiaries, and has a background in commercial litigation as well as experience in banking and financial services disputes. She also specialises in advising on luxury goods and assets for high-net-worth individuals. In Leeds, James Laycock joined Irwin Mitchell Private Wealth from Gordons. Laycock's expertise lies in will validity claims, multi-million pound estate disputes, mismanagement allegations against trustees and executors, and financial provision matters for a wide range of clients including families, trustees and private individuals.

Schroders named Henrik Jonsson head of the Nordic region, overseeing its offices in Stockholm and Copenhagen. He joined from Fidelity International, where he began his career in 2000 as a client relationship manager based in Germany. Since then, he had held “many” senior positions and in 2013 was made head of institutional sales for the Nordic region.

Wealth management firm WH Ireland appointed Mike Ingram as chief market strategist. This is a newly-created role at the firm. He has had a 20-year career in London. Most recently, Ingram was at BGC Partners, where he was responsible for investment articles to investors and the financial media.

Newton Investment Management said Christopher Metcalfe decided to retire. He  ran the Newton UK Income, Newton UK Opportunities and Newton Multi Asset Growth funds. Simon Nichols, who heads up the Newton UK equity fund, took over the Newton UK Income and Newton UK Opportunities funds. Paul Flood took over Metcalfe’s Newton Multi-Asset Growth fund in addition to his own Newton Multi-Asset Diversified Return and Newton Multi-Asset Income funds.

Kames Capital made two appointments for its multi-asset portfolios range. Jacob Vijverberg was appointed as co-manager of the UK-domiciled Kames Diversified Monthly Income Fund and also on the Dublin-registered Kames Global Diversified Income Fund alongside current manager Vincent McEntegart. Robert-Jan van der Mark became co-manager of the UK domiciled Kames Diversified Growth Fund and the Dublin domiciled Kames Global Diversified Growth Fund working alongside current manager Colin Dryburgh. Van der Mark and Vijverberg are part of the multi-asset team of Kames’ Dutch sister company Aegon Asset Management Netherlands.

WHIreland appointed Chris Bell as senior investment manager. Bell gained a BA (Hons) in commerce at Birmingham University before embarking on his investment career as a graduate trainee at Framlington Investment Management in London. He relocated to the Isle of Man in 2001 and has held senior investment positions, most recently as head of investment management at a local investment business, where he focused on managing bespoke mandates for institutional and private clients.

Saxo Capital Markets UK, the UK subsidiary of SaxoBank A/S, named Andrew Edwards as its new chief executive. Edwards joined SCML with over 18 years in the sector, 12 of which were spent establishing and expanding a complex financial services business. He most recently served as CEO of ETX Capital.

London-based asset manager Sarasin & Partners appointed Hadley Simons as chief operating officer of client affairs. Simons joined from C Hoare & Co, where he was COO of wealth management, overseeing the division’s financials, change agenda, risk and control management, and client support functions.

Mirabaud Asset Management named Daniel Moreno senior portfolio manager in charge of emerging markets debt, in a bid to expand its fixed income operation. Moreno, who has around twenty years' experience in emerging market debt, started his career at Dresdner Kleinwort Benson in Frankfurt as a fixed income and currency strategist, before moving to Deutsche Bank in 2000 as a portfolio manager.  More recently and prior to joining Mirabaud Asset Management, Moreno was head of emerging market debt at Rubrics Asset Management, a London based fixed income boutique.

Tilney appointed Andrew Kirk as a financial planner to focus on the Cornwall region, the latest in a chain of hires made by the UK investment manager. Kirk joined Tilney’s Exter team from HSBC, where he had worked for five years as a relationship manager. Prior to that, he worked with Halifax, most recently as a senior financial advisor. 

Brewin Dolphin promoted financial planner Lee Clark as head of the company’s office in Reigate.  Lee joined Brewin Dolphin in 2015 and has over 20 years’ experience in financial services. He previously worked at Arbuthnot Latham and the independent arm of the Royal Bank of Scotland after starting his career with Aviva. 

Brown Shipley appointed Alan Mathewson as chief executive. He was due to take up his position in April. The predecessor, Ian Sackfield, announced in March that he had decided to step down once a replacement had been appointed and an orderly handover conducted with his successor. Mathewson joined from Santander UK, where he has worked for over three years as managing director of wealth management and private banking. He has over 30 years of financial services experience and started his career with Lloyds Banking Group.

Societe Generale Private Banking (SGPB) appointed Franck Bonin as director of commercial development. Also, Mathieu Vedrenne succeeded Bonin as commercial and marketing director for SGPB France, and Franklin Wernert replaced Vedrenne as head of wealth management solutions for SGPB France. Bonin reports to Jean-François Mazaud and Patrick Folléa, head of Societe Generale Private Banking and deputy head of Societe Generale Private Banking, respectively. He is based in Paris.

Vedrenne joined the firm in 2001 from PricewaterhouseCoopers, where he was a consultant. Wernert joined SG in 2006, and has had various, including most recently, when he was head of strategic projects and chief of staff at SGPB France

Asia-Pacific

Wealth management industry fintech solutions firm Privé hired a trio of managers – a chief technology officer, chief digital officer and senior country manager for Singapore. Bert-Jan van Essen was named the CTO, Dominic Gamble was named chief digital officer and Dennis Kow was appointed senior country manager for Singapore.

Before joining Privé, van Essen served as the chief executive of Dragon Wealth Asia, a fintech start-up he founded in 2012, which specializes in developing software-as-a-service solutions for financial advisors and banks. Prior to that, he had worked for 11 years at Credit Suisse, where he held various senior management positions including the chief information officer of private banking for Asia-Pacific, as well as director of global online banking and relationship management systems, and vice president of IT International.

Gamble was appointed as Privé’s chief digital officer in conjunction with the acquisition of WEALTH last year. The Asian online marketplace of wealth services for affluent and high net worth individuals was founded by Gamble in 2016. In addition to his role with Privé, Gamble continues to serve as the CEO of WEALTH. Prior to founding WEALTH, in 2012 Gamble left a 10-year career as a private banker at Credit Suisse and Deutsche Bank to start FINDAWEALTHMANAGER.com, the UK’s first online client acquisition website matching wealthy individuals with wealth managers.

 Kow joined Privé from Citibank, where he held numerous senior roles since 1990, including as senior VP of regional wealth management sales tools, where he oversaw the development and implementation of financial planning applications for the bank, and SVP of channels strategy for Citibank’s internet banking team.

Generali Asia, part of Italy-headquartered financial services group Generali, appointed former senior AXA manager Bruce de Broize as new head of distribution for Asia. The new appointee report to Roberto Leonardi, regional officer for Asia. De Broize is based in Hong Kong and responsible for driving growth across a number of fronts in Asia, by formulating and implementing new strategies for all distribution channels. With more than 29 years of insurance experience, de Broize has held senior management roles in life and property and casualty insurance companies in South Africa, Australia, and Asia-Pacific (in particular Korea, China, Taiwan, Japan and Hong Kong).

BNP Paribas appointed Julien Kasparian as head of BNP Paribas Securities Services in Hong Kong. Kasparian leads the Hong Kong team, with a focus on deepening relationships with new and existing clients, and will be responsible for delivering operations and services. With 20 years’ experience at BNP Paribas Securities Services, Kasparian joins Hong Kong from the London office, where he was most recently head of sales and global relationship management, UK banks and brokers.

Australia-based financial services group Perpetual Investments appointed Amanda Gillespie as its general manager for client solutions. She previously was group chief executive at Lonsec, a financial product and investment research firm in Australia. Gillespie had been CEO at that firm for more than three years. The client solutions group was a newly-created one

UBS appointed Wiwi Gutmannsbauer as operating head for its Asian wealth management business and COO for the APAC region. He reports to Dirk Klee and Kathy Shih, with an additional reporting line into Ed Koh. He succeeds Geoffroy de Ridder, operating head for wealth management in Asia-Pacific, and Andreas Neuber, COO for the Asia-Pacific region.

During his 20-year tenure at UBS, Gutmannsbauer has held a variety of senior roles across the bank. Gutmannsbauer will relocate to Singapore from Zurich. He also plans to spend a significant amount of time in Hong Kong. Succession in his capacity as operating head for the wealth management booking centre of Switzerland and emerging markets and head of wealth management omni-channel management will be announced in due course. Also in November, UBS has opened its second university campus in China, situated at the UBS Business Solutions Center in Wuxi.

Executive search firm Heidrick & Struggles appointed Anny Kwok has joined the firm as a partner in its financial services practice based in Hong Kong, primarily focusing on serving clients in private equity and alternative asset management. Prior to this role, Kwok worked at another international recruiter – not named in the press release from H&S - building its Asia Private Equity business. Bringing to the firm more than 15 years of industry experience and connectivity, Kwok's expertise spans different fund strategies (venture, growth, buyout, mezzanine/distressed debt, real estate, fund of funds).

Law firm Stephenson Harwood appointed Laurence Ho, a partner, to its Hong Kong office. Ho's practice is focused on international tax, trust and estate planning matters for high net worth individuals, families, estates and fiduciaries. He is experienced in US expatriation and pre-immigration matters, as well as counselling individuals and families on their US tax compliance and foreign bank account reporting obligations. He previously was a partner at Withers.

An executive director at Standard Chartered Private Bank stepped down from the firm, and he took up a team head and relationship management role at Deutsche Wealth Management in Singapore. Standard Chartered confirmed Sagar Sapra left the UK-listed firm. It is understood that Sapra was appointed at Deutsche’s wealth arm in Singapore.

Mumbai-based Sanctum Wealth Management appointed Sridhar Natarajan as senior advisor - international. Natarajan is based in Singapore. He has over 25 years' experience in the private banking industry. He previously served as head of business development and markets investment advisory, wealth management South East Asia at UBS in Singapore.

The Hong Kong Monetary Authority appointed Howard Lee as deputy chief executive. Alan Au was named executive director, for banking conduct. Lee is responsible for monetary stability and financial infrastructure development, including fintech and the new regulatory regime on the licensing and supervision of stored value facilities and the designation and oversight of retail payment systems in Hong Kong. Au succeeded Carmen Chu as executive director (banking conduct). Chu took over from Meena Datwani as executive director (enforcement and anti-money laundering).

Generali Asia, part of Italy-based Generali, appointed Dipak Sahoo as the new regional head of information technology for Asia, reporting to Roberto Leonardi, regional officer for Asia. Sahoo is based in Hong Kong. Sahoo has more than 20 years’ experience in the insurance sector. He has spent most of his career with global insurance companies in senior leadership roles in the areas of technology, operations and transformation across Asia. He previously headed the firm’s Group IT delivery team in Milan for a year. Prior to joining Generali, Dipak worked for Capgemini, the consultancy.

Northern Trust Asset Management appointed Martha Fee as chief operating officer for Europe, Middle East, Africa and Asia-Pacific. Based in London, Fee is responsible for managing international operations and infrastructure teams for Northern Trust across EMEA and APAC. Fee also holds directorships of various entities related to the Northern Trust Asset Management business. She reports to Wayne Bowers, chief executive and chief investment officer of Northern Trust Asset Management, EMEA and APAC. Fee joined after two years at Northern Trust’s global fund services. Prior to joining Northern Trust in 2015, Fee spent 10 years at Janus Capital International.

A new chief risk officer took the reins at Australia’s Westpac, the previous holder of the post, Alexandra Holcomb, retired after 21 years at the group. David Stephen took on the role, joining from Royal Bank of Scotland where he was group chief risk officer since 2013. Prior to RBS, Stephen held senior roles at Deutsche Bank and Credit Suisse First Boston. He also spent five years at ANZ as group CRO, head of risk in the institutional business and general manager, wholesale risk. Holcomb’s retirement ended a 35-year financial services career; she has held her latest role for the past three years. Holcomb joined Westpac in 1996.

Global recruiter Hays appointed long-standing senior employee Richard Eardley as managing director of its Asia business. Starting his career at the firm in 1988, Eardley worked in Hays offices across the UK, before assuming the role of MDr for the firm’s Ireland business in June 2007. In addition to his role in Ireland, he was the UK and Ireland marketing director from 2013 to 2017 and he has most recently been leading Hays UK’s development of its IT and Digital specialism. He has also worked extensively with the Hays talent solutions business. Eardley is responsible for the day to day operational management and growth of Hays businesses in Mainland China, Hong Kong, India, Japan, Malaysia and Singapore.

A former head of group strategy for investments and pension fund group AustralianSuper was appointed to lead the wealth and asset management arm of KPMG. Rohit Mendiratta previously also worked at Telstra, as a strategy executive; RMIT University, as director, strategy and analytics, and at Westpac, where he worked in strategy, design and planning at that bank.

Bank J Safra Sarasin appointed Bellen Chang as a managing director for client advisory in its ultra-high net worth team, focusing on the Philippines. Based in Hong Kong, Chang has worked in the banking industry for 20 years, and in the private banking space since 1999. Chang reports to Vinay Gandhi, MD and chief executive for ultra-high net worth client business in Asia, based out of Singapore, and also reports to in Hong Kong to Enid Yip, CEO for Asia. Chang previously worked at UBS, Hong Kong, where she had been an executive director and a client advisor in the Philippines team, a role she held from 2006. She joined UBS from American Express Bank, where she was a client relationship manager covering the Philippines market from 2003. Prior to joining American Express Bank, Chang worked at JP Morgan in Hong Kong as an associate, where she first began covering the Philippines market in 1999. She began her career with Citibank in 1997.

Citi Private Bank appointed Sutarmin Lili as a managing director and senior private banker. The banker previously worked as a senior banker for ultra-high net worth clients in the Southeast Asia region at Julius Baer, and at Bank J Safra Sarasin subsequently. He is an Indonesian national.

UBS Asset Managementhas appointed Charlotte Baenninger as head of fixed income. She is based in UBS' Zurich office. Baenninger has been leading fixed income on an ad interim basis since the start of this year, and took on the role permanently. She has 30 years of experience in the investment industry. She has spent her entire career at the firm, beginning as a trainee in 1987, and was appointed head of fixed income Switzerland and CEMEA in 2001, managing that area for 16 years before additionally taking on the global role in January 2017.

US-based asset management firm Northern Trust appointed Danielle Henderson to its Sydney office, expanding its Asia-Pacific market advocacy & innovation research operation. She is responsible for implementing market advocacy and innovation research activities in the Asia-Pacific region. Henderson, who has 20 years industry experience of the global securities and market infrastructure sectors, joined from Kairos Enterprises, where she was responsible for market infrastructure development within the Australian securities industry.

BNY Mellon Investment Management appointed Lydia Wu as Institutional Sales Director, China and Gigi Wang, Business Development Manager, China. Wu is based in Hong Kong and responsible for growing and strengthening relationships with Mainland and Hong Kong-based Chinese institutions.

Wang is based in Shanghai and responsible for our broader business development effort in the Mainland. Both of the managers report to Jessie Zhang, head of institutional distribution, Greater China and Southeast Asia, BNY Mellon Investment Management.

Wu most recently spent four years as vice president of China business development for State Street Global Advisors where she was responsible for growing and maintaining relationships with Chinese institutions including sovereign wealth funds, insurance companies, banks and wealth management firms.  Prior to this she spent six years at Morgan Stanley Investment Management with a focus on Chinese institutions. Wang joins from Bosera Asset Management where she spent seven years in the role of institutional business development director. Working from Shanghai, she was responsible for developing new business opportunities with institutional clients including commercial banks, insurance companies and pension funds.

NWH Global (formerly Newhaven), an independently-held trust and corporate services provider, appointed Charlotte Denton as global chief executive. Having led the Guernsey office since January this year and overseen rebranding of the business, Denton took responsibility for the global operation. Denton is a chartered accountant who began her financial services career more than 20 years ago at Rothschild and then Barings. The latter was acquired by Northern Trust, where she spent five years in London.

Melbourne-headquartered ANZ appointed Ron Spector as managing director of new business, emerging technology and ventures. Spector reports to group executive digital banking, Maile Carnegie. Based in San Francisco, Spector has more than 27 years’ international experience in financial services, retail and media industries.

Edmond de Rothschild appointed Gad Amar as global head of business development of Edmond de Rothschild Asset Management. He is based in Paris, and sits on the executive committee. Amar reports to Vincent Taupin, global chief executive of its' asset management arm, and chairman of the executive board at Edmond de Rothschild (France). Gad was previously head of client distribution for France, Belgium and Luxembourg at BlackRock.

AXA Investment Managers, the asset management arm of French insurer AXA SA, named Laurent Jacquemin as head of its Asia-Pacific division. Jacquemin, who is based in Tokyo, has about 18 years of experience in the real estate industry and most recently served as European head of transactions at the firm. John O‘Driscoll replaced Jacquemin as European head of transactions. O‘Driscoll was most recently chief executive of corporate finance and head of M&A for Europe, Middle East and Africa at real estate advisory firm JLL.

State Street Corporation said Jay Hooley will retire as chief executive by the end of 2018 after more than 30 years with the company and remain as chairman through to 2019.  Mike Rogers, retired as president and chief operating officer. Ron O’Hanley, previously vice-chairman of State Street and president and CEO of State Street Global Advisors, was named as president, COO and CEO.

O’Hanley has three decades of experience in the sector. Prior to joining State Street in 2015, O’Hanley served as president of asset management and corporate services for Fidelity Investments.  Before Fidelity, O’Hanley spent 13 years in leadership positions at Mellon Bank and Bank of New York Mellon including vice chairman of Mellon Financial Corporation and Bank of New York Mellon, and CEO of BNY Mellon Asset Management. Rogers joined State Street in 2007 following its acquisition of Investors Financial.

Cyrus Taraporevala succeeded O’Hanley as president and CEO of State Street Global Advisors. Taraporevala, who has 27 years' experience in asset management, joined SSGA in 2016 from Fidelity Investments.  He reports to Hooley and will join State Street’s management committee. As part of this transition, Andrew Erickson, head of State Street’s global services business for the Americas, leads a newly-formed global services business worldwide.

DBS appointed banking and property sector luminary Olivier Lim to the boards of DBS Group Holdings and DBS Bank. Between 2003 and 2014, Lim served in CapitaLand Limited’s senior management team in various capacities, including as group deputy chief executive, group chief investment officer and group chief financial officer. Prior to CapitaLand, he spent 13 years at Citibank Singapore with its corporate and investment bank, including as head of the real estate unit.

Quant Insight, the macro research firm providing discretionary asset managers with investment ideas, appointed Ryan Adams, professor of computer science at Princeton University, and Duncan Clark, chairman of BDA China, to its advisory board. Adams was an assistant professor at Harvard University in the school of engineering and applied sciences. He was co-founder and chief executive of Whetlab, a machine learning start-up that was acquired by Twitter in 2015.

Australia and New Zealand Banking Group named Chris Raciti as its new Korea chief executive, reporting to Grant Knuckey, CEO of Japan. Raciti replaced Tareq Muhmood, the previous Korea CEO who left ANZ this year to pursue opportunities outside of the bank. Raciti is based in Seoul. He is head of loan syndications and specialised finance for ANZ in North Asia, managing leveraged acquisition finance, specialised asset finance, project export finance and advisory across Hong Kong, China, Taiwan, Japan and South Korea.

Standard Chartered unveiled a raft of senior management at changes affecting roles including private banking and wealth management. Anna Marrs took on responsibility as regional chief executive for ASEAN and South Asia alongside her roles as CEO for commercial banking and CEO, private banking and wealth management in late 2016. Marrs moved her regional CEO responsibilities in two stages between now and the fourth quarter of 2018 to Judy Hsu, CEO, Singapore. Marrs continues to focus on commercial and private banking and wealth management.

Karen Fawcett, CEO for retail banking and group head, brand and marketing, retired. Her departure brought down the curtain on a Standard Chartered career that started when she joined the bank in 2001. Ben Hung, regional CEO, Greater China & North Asia (GCNA) took on the additional role of CEO, retail banking. He took over Fawcett’s responsibility for leading the development and implementation of strategy and ongoing product and technology improvements across retail banking. As regional CEO, GCNA, Hung remains responsible, together with Marrs and Sunil Kaushal, regional CEO, Africa & Middle East (AME), for delivering the retail banking strategy across retail markets. Tracey McDermott, group head, corporate, public and regulatory affairs, took charge of the brand and marketing brief. Judy Hsu, CEO, Singapore, took over responsibility for the ASA region in the fourth quarter of 2018. She took on additional responsibility for Malaysia, Thailand and Vietnam, and joined the group management team. She continued reporting to Marrs in relation to her ASA region responsibilities and also reported to Bill Winters, group CEO.

The Monetary Authority of Singapore (MAS) re-appointed Vijaya Kumar Rajah to its board of directors. Rajah’s term of appointment was from 1 November 2017 to 31 May 2020.

---

North America 

Key Private Bank hired Heather Berry as assistant vice president. In this position, she works with clients to develop and implement estate plans from the bank’s office in downtown Syracuse. Prior to joining the firm, she was a paralegal at Sugarman, the law firm, for nearly two decades.

RBC Wealth Management appointed Timothy Woods as new branch director of the Des Moines, Iowa office. Woods joined from UBS Financial Services, where he was previously a branch manager.  He has 34 years of industry experience and has more than $250 million in client assets. Jennifer Lynn Poe also joined as senior branch service manager.

Titus, a US independent Registered Investment Advisor, appointed Scot Lance, who serves as managing director. Lance has more than 25 years of experience in the financial services industry, with a focus on investment strategy and asset allocation. Previously, he served as a senior vice president specializing in investments at Wells Fargo Advisors in San Rafael, CA. Lance started his career in the financial services industry at Merrill Lynch and also held positions with Lehman Brothers, UBS and Bank of America.

New York- and Florida-headquartered bank National Holdings Corporation appointed Donald Runkle as executive vice president and chief supervisory officer of National Securities Corporation and National Asset Management. The bank also appointed Robert Bowman as managing director and national sales manager, and Thomas Kowalczyk as managing director of investment solutions of National Securities Corporation and National Asset Management. Previously, Runkle was the director of consulting services with Freeman Mathis & Gary, and the regulatory compliance director for Coordinated Capital Securities.

Bowman was previously partner and managing director of Snowden Lane Partners. Kowalczyk was with several independent broker-dealers and registered investment advisory (RIA) firms in senior management roles, and most recently, he was a senior vice president of advisory services for a privately held Texas company.

Citigroup appointed Brian Ovaert as managing director and global head of securities services and issuer services operations. He is based in New York and reports jointly to Stuart Riley, global head of markets and securities services operations and technology, and Okan Pekin, global head of prime, futures and securities services. Ovaert has more than 25 years of experience and has held numerous regional and global leadership positions in Chicago, London, Bangalore and Hong Kong. He joined Northern Trust, where he was most recently an executive vice president and head of enterprise operations.

New York-headquartered law firm Phillips Nizer appointed partners in its matrimonial and family law space and real estate businesses, Richard J Adago and Thomas L Fuerth, respectively.  It also added attorneys Christian Hylton, a partner in the land use and government relations practice, and Jeffrey Q Smith, a litigator who had previously led litigation departments for several large law firms.

Adago, who previously worked as an associate at Phillips Nizer, re-joins the firm from Hartmann Doherty Rosa Berman & Bulbulia. Prior to this, he was a partner at Blank Rome. In addition to his career in private practice, Adago served as an assistant district attorney with the Manhattan District Attorney’s office. He represents high net worth individuals in divorce proceedings, and advises clients with respect to property distribution agreements, custody issues, prenuptial and post-nuptial agreements, paternity suits, and other matrimonial matters relating to real estate, tax, and trust and estate planning. He has also been very active in the ever-evolving area of same-sex divorce litigation.

Chesapeake Wealth Management hired Felicia Stovall as a wealth management advisor and vice president. She serves as a personal investment advisor, relationship manager and trust officer for individuals, families and institutions. She also serves on the firm’s investment advisory committee and trust committee.

Phillips Nizer appointed Richard Adago and Thomas Fuerth as partners to the firm's New York office. Adago, who previously worked as an associate at Phillips Nizer, re-joins the firm from Hartmann Doherty Rosa Berman & Bulbulia. He represents high net worth individuals in divorce proceedings, and advises clients with respect to property distribution agreements, custody issues, prenuptial and post-nuptial agreements, paternity suits, and other matrimonial matters relating to real estate, tax, and trust and estate planning.

Peapack-Gladstone Financial Corporation, which has a private banking operation, said that Finn Caspersen, chief strategy officer and general counsel of Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank, left his roles at the firm. Caspersen left to explore various professional and personal opportunities. He joined the firm in 2004, spending 13 years in senior roles at the bank.

BMO Financial Group appointed Brett Pitts to the newly-created position of chief digital officer. He leads the bank's digital portfolio and oversees North American digital experiences and channels. Pitts previously worked at Wells Fargo, spending 17 years in a number of senior roles within its digital channels group. He was most recently the executive vice president and group head of digital, responsible for all aspects of the bank's digital channels and experiences.

BMO Private Bank, separately, appointed a former Fifth Third Bank executive Amy Griman as chief trust officer of BMO Wealth Management in Chicago, and regional director of trust for BMO Delaware Trust Company. Griman provides oversight for all trust administration, specifically focusing on execution of strategic initiatives, attracting and retaining trust business, managing risk and developing talent. Griman previously served as regional trust director overseeing Indiana, Kentucky and Tennessee for Fifth Third Bank. She held the role of investment advisors market executive and wealth planner for several years at that firm.

Previously, Griman worked for 15 years for JP Morgan Private Wealth (formerly Bank One Trust Company) in Indianapolis, first as vice president and trust officer, then estate settlement director, and finally as market director for the Indianapolis division. She also served as a regional team leader and financial planning specialist for Merrill Lynch, where she led a six-person team for the Midwest region. In 2000, she began her career as an associate attorney for Galbraith & McMains, where she established its estate planning and administration.

BNP Paribas Asset Management appointed Neil Johnson as head of US institutional business development. Johnson leads BNP Paribas AM’s US business development strategy with asset owners in all market segments, and assists the firm with its US product strategy. Johnson reports to Daniel Klein, chief executive of BNP Paribas Asset Management, North America, and will be based in New York.

PagnatoKarp appointed Bob Ciullo as managing director of its advisor group, with a primary responsibility for business expansion and growth. Ciullo has more than 30 years’ experience in serving investors and advisors, most recently at Charles Schwab. He specializes in helping advisors grow organically through referrals, community involvement, and social media, and inorganically through mergers and acquisitions. Ciullo consults with buyers and sellers in preparing their firms, overcoming obstacles, and sharpening their approach to the strategic benefits of mergers and acquisitions.

BNY Mellon Wealth Management named Peter Paolilli as a senior wealth director in Chicago, IL. Paolilli reports to Garrett Alton, managing director of business development. Prior to this role, Paolilli held two positions at Northern Trust over a 10-year period. Most recently he was vice president and wealth strategist. In this role, Paolilli was responsible for developing wealth management and financial planning strategies for affluent individuals, families and business owners. Prior to Northern Trust, Paolilli was vice president at Bank of America.

Glenmede, a privately held and independently owned investment and wealth management firm, appointed Richard Miller as vice president and wealth advisor. He is responsible for the delivery of wealth management advice, administration and solutions, including fiduciary, legacy and charitable planning. Miller is based in Washington DC and reports to Michael Hickey, regional director of Glenmede's Washington, DC office. Miller joined Glenmede from the Northern Trust Company, where he served as vice president and senior relationship manager for more than 10 years.

RBC Wealth Management has appointed the Ballantyne – Quiri Investment Group to its Tucson office, continuing its mass recuitment policy in the US. The Ballantyne – Quiri Investment Group is comprised of Joe Ballantyne, senior vice president and financial advisor, who joined with 38 years of industry experience, Stacy Quiri, associate vice president and financial advisor, who has 10 years of experience, and they are joined by client associate Mark Marecek.

Wilmington Trust appointed Charlotte Philips at its Baltimore office as team leader of private banking for the Mid-Atlantic region. It also appointed Ilyssa Clay as senior private banker, Iffy Akwule as investment associate, Lauren Wallace as investment advisor, and Lydia Wolf as senior private client advisor to its Washington, DC office.

First Midwest Bancorp, the parent company of First Midwest Bank appointed president and chief executive Michael Scudder as chairman of its board, and also appointed Stephen Vanderwoude as lead independent director. These appointments followed the decision by Robert O'Meara to retire as board chairman.  O'Meara, who continued to serve as a director, was named chairman emeritus.

Private markets investment specialist Adams Street Partners, which has more than $30 billion of assets under management, appointed James Walker as a partner and chief operating officer. He replaced Kevin Callahan, who left at the end of 2016. Walker  reports to Jeff Diehl, managing partner and he.

The new recruit has more than 30 years of senior executive leadership experience in the wealth management and asset management industries. Before joining Adams Street, he was chief operating officer at Credit Suisse Private Bank Americas. Prior to that, Walker spent seven years at Morgan Stanley Global Wealth Management (and predecessor firms), where he served on the management committee and held several roles of increasing responsibility including COO of investment strategy and client solutions, director of the consulting group, and director of product strategy.

Earlier, Walker served as chief operating officer, investment advisory services services at Citi Global Wealth Management, and then as director of strategy, finance and risk. He began his career at Merrill Lynch and spent nearly two decades at the firm. Walker has served on multiple boards over the years and is a regular lecturer at MIT's Sloan School of Business.

Apollo Global Management appointed Scott Kleinman and James Zelter to serve as co-presidents. These were newly-created roles. Kleinmann and Zelter report to senior managing director and co-founder, Josh Harris. Kleinmann and Zelter are responsible for all of Apollo’s revenue-generating and investing businesses. Kleinman focuses on Apollo’s equity and opportunistic businesses, and Zelter concentrates on Apollo’s credit and yield businesses.

Kleinman joined Apollo in 1996, and in 2009 he was named lead partner for private equity. Zelter is the managing director of Apollo's credit business, a member of Apollo’s management committee, and chief executive and director of Apollo Investment Corporation. Northern Trust appointed Paul Hudson as the new market leader of Sarasota and Manatee counties. Hudson is responsible for business development strategy, along with client servicing activity to deliver investment management, trust and banking solutions to high net worth individuals in the region.

Hudson has more than 20 years of wealth management experience including 16 years with Northern Trust as a Sarasota-based wealth strategist. For the past five years, he was the managing director for US Trust in Sarasota, Fla. In his role, Hudson reports to Charlie Mueller, Northern Trust President of the West Florida Region.

BNY Mellon Wealth Management hired Carolina Montiel as a managing director in the firm’s family wealth investment dvisor group. Based in Miami, Montiel reports to Ridge Powell, managing director and team leader of the advisory group.

Previously, Montiel was a senior vice president and head of Investment Strategies Group Americas at EFG Capital International Corp. in Miami. In that role, she developed strategies for Latin American clients, was a member of the global asset allocation committee and chaired the local investment strategy committee. Prior to EFG Capital, Montiel worked at HSBC Private Bank International in Miami as a senior vice president and head of investment strategies, managing a group of investment counselors responsible for private wealth clients.

RBC Wealth Management appointed the Langer Wealth Management Group to its Tucson office. The Langer Wealth Management Group is comprised of Allen Langer, senior vice president and financial advisor, who joins with 38 years of industry experience, Fredrick Martinez, first vice president and financial advisor, who has 14 years of experience, and also Marnie Rose, senior registered client associate.

RBC Wealth Management hired the Hendershot-Frederiksen Group to its Dallas office and the Hobgood Peatross Investment Group to its Raleigh, North Carolina office. The Hendershot-Frederiksen Group is comprised of Paul Hendershot, senior vice president and financial advisor, who joins with seven years of industry experience, and Carsten Frederikson, senior vice president and financial advisor, who has eight years of experience.  The team manages approximately $140 million in assets under administration and join from Morgan Stanley.

The Hobgood Peatross Investment Group is comprised of Alfred Hobgood III, senior vice president and financial advisor, who has 34 years of experience; Alfred Hobgood IV, vice president and financial advisor, who joins with 16 years of experience; Harrison Peatross, vice president and financial advisor, who has 31 years of industry experience; and Nancy Winborne, registered client associate.

Wealth management and insurance firm iA Financial Group appointed Denis Ricard as chief operating officer. Ricard is responsible for all the company's individual and group insurance operations in both Canada and the US. He is also responsible for leading the company's digital transformation strategy. Ricard reports to the president and chief executive, Yvon Charest. He has been employed with iA Financial Group since 1985.

Signature Family Wealth Advisors, an independent family wealth management firm and multi-family office, appointed Amy McClure as chief compliance officer and director of compliance and legal affairs. McClure has experience in legal affairs and previously worked as an attorney with Crenshaw, Ware & Martin, representing businesses and business owners in commercial litigation and corporate transactions and advising clients on strategic business practices and risk exposure.

BNY Mellon Wealth Management appointed Claudine Welti as senior wealth director in New York. Welti reports to managing director, Katia Friend, and is responsible for new business development in the Tri-State region. Prior to this, Welti was in the New York office of US Trust, Bank of America for 8 years, most recently as a senior vice president and private client advisor. 

Fiduciary Trust, the wholly-owned subsidiary of Franklin Templeton Investments,  appointed Manuel Cabielles as managing director and business development officer.

Cabielles, a 35-year veteran of the wealth management industry, is based in Fiduciary Trust’s South Florida office in Coral Gables, and has spent more than 20 years working directly with individuals and families in Miami and Latin America as a wealth advisor. He was most recently an advisor and relationship manager at WE Family Offices, a multi-family office in Miami.

Bernstein Private Wealth Management appointed William Bijesse as vice president and family office specialist in the Boston office. Prior to joining Bernstein, Bijesse spent over 20 years advising family offices, ultra-high net worth individuals, and institutional clients at both Goldman Sachs and Cambridge Associates. He continues to serve as a member of a US family office CIO asset collaboration group.

WSFS Bank, a division of WSFS Financial Corporation, appointed Steven Kochie as senior vice president and director of WSFS Wealth Client Management. Kochie leads a business group that will use WSFS’s private banking offerings with the solutions offered through WSFS Bank and WSFS subsidiaries, including WSFS Wealth Investments, Cypress Capital Management, West Capital Management, Powdermill Financial Solutions and Christiana Trust. Kochie joined WSFS from Wilmington Trust, where for more than a decade he led a team providing holistic financial solutions to high net worth individuals and to trust and commercial customers. He has more than 20 years in wealth and private banking experience.

Cambridge Bancorp and its subsidiary, Cambridge Trust Company, named David Lynch as chief investment officer and Damon Barglow as senior portfolio manager. Lynch previously worked at Athena Capital, a registered investment advisor serving high net worth families and institutions, where he served as managing partner and deputy CIO, overseeing the firm’s investment management and business activities. Prior to this, Lynch served as a portfolio manager at Colorado PERA, the state pension fund. Earlier, Lynch was a research associate at Eaton Vance Management in Boston and an economist at Cahners Economics.

Barglow previously worked at Rockland Trust, where, for the past five years, he was a portfolio manager assisting high net worth and institutional clients with asset allocation and portfolio management. Formerly, he was a portfolio manager for Eastern Wealth Management. Earlier in his career, he held positions in equity and credit analysis with Middleton & Company, Vector Securities and Shorebank Corporation.

State Street Corporation said Jay Hooley was to retire as chief executive by the end of 2018 after more than 30 years with the company and will remain as chairman through to 2019. Mike Rogers, president and chief operating officer, retired last year.

State Street appointed Ron O’Hanley, previously vice-chairman of State Street and president and CEO of State Street Global Advisors, as president, COO and CEO.

O’Hanley has three decades of experience in the sector. Prior to joining State Street in 2015, O’Hanley served as president of asset management and corporate services for Fidelity Investments.  Before Fidelity, O’Hanley spent 13 years in leadership positions at Mellon Bank and Bank of New York Mellon including vice chairman of Mellon Financial Corporation and Bank of New York Mellon, and CEO of BNY Mellon Asset Management.

Rogers joined State Street in 2007 following its acquisition of Investors Financial.

Cyrus Taraporevala succeeded O’Hanley as president and CEO of State Street Global Advisors. Taraporevala, who has 27 years' experience in asset management, joined SSGA in 2016 from Fidelity Investments.  He reported to Hooley and will join State Street’s management committee. O’Hanley, Taraporevala and Rogers work together over the next two months to enable a smooth transition of responsibilities. Andrew Erickson, currently head of State Street’s global services business for the Americas, leads a newly-formed global services business worldwide.

Jeff Conway, CEO of State Street in EMEA, took on a new role leading State Street’s operations, infrastructure and business transformation globally. Liz Nolan, currently co-head of global services for EMEA, succeeded Conway as EMEA CEO and reported to O’Hanley. Nolan has more than 30 years of experience in the industry and she will also join State Street’s management committee.

CIBC Atlantic Trust Private Wealth Management appointed Brent Currier as managing director and business development officer covering the Dallas and Austin markets. Currier has more than 10 years of industry experience. He fosters new and existing relationships with high net worth clients, family offices, foundations, endowments, nonprofits and key intermediaries. Prior to joining CIBC Atlantic Trust, he was a financial advisor with AB Bernstein, where he worked closely with clients to develop and execute highly customized investment, wealth transfer, tax planning and philanthropic strategies.

Financial services firm Raymond James hired financial advisors Mark Lazar to its operation in Cottonwood Heights, a suburb of Salt Lake City, Utah. He previously worked at Wells Fargo Advisors, where he previously managed approximately $265 million in client assets and had $1.8 million in annual production.

He was joined by investment portfolio associate John Bergerson, and senior registered service associate and operations manager Morgan Irvin; together the team operates as Wasatch Capital Management of Raymond James. The branch is managed by Pam McComas. Lazar began his financial services career in 1995 with Merrill Lynch in Visalia, California, after spending 16 years in the retail grocery business. In 1998, he moved to Salt Lake City and joined First Security Investor Services, which was acquired by Wells Fargo the following year. He remained with Wells until moving to Raymond James.

Bergerson began his financial career as a portfolio manager and chief compliance officer with Albion Financial Group where he spent 17 years before moving to Wells Fargo Advisors and partnering with Lazar in 2015. Irvin joined the Raymond James Salt Lake City office in 2015 after working in operations for the Goldman Sachs private international lending desk, and prior to that at UBS Wealth Management.

The former JP Morgan Asset Management operations and IT leader, Jack Shallow, left the firm to join New York-based advisory firm GIBC Digital. He leads the company's Boston office. He spent almost 20 years at JP Morgan Asset Management, where he held senior roles leading and managing enterprise-wide global technology and operations initiatives and functions. He has over 30 years of financial services experience at JP Morgan, Fidelity Investments, and John Hancock Financial Services.

San Francisco-headquartered First Republic Bank Wealth Management appointed Jeff Sherman, Art Karabelas, and Okita Sevi as managing directors and wealth managers. The advisors are all based in Boston, and will be responsible for providing portfolio management, retirement planning and other wealth management services to individuals, families, businesses, nonprofits and foundations in the region. Sherman has 30 years of wealth management experience and served as branch manager throughout his career. Before joining First Republic, he was financial advisor and executive director at JP Morgan Securities in Boston.

Karabelas has more than 28 years of experience and worked as a financial advisor and executive director at JP Morgan Securities in Boston before First Republic. Sevi has more than 17 years of wealth management experience and was a financial advisor at JP Morgan Securities in Boston prior to First Republic.

Thurston Springer Financial, the Indiana-based investment advisor and broker-dealer, hired Paul Murans from UBS as an advisor to high net worth clients. He has nearly two decades' experience in advising wealthy clients.

Asset manager Armory Group appointed James Duplessie as senior principal. Duplessie works with Nick Tell, Armory's co-founder and portfolio manager, to help identify, evaluate and execute on distressed investment opportunities in the middle market. James helps to oversee Armory's other investment strategies which includes discounted high yield bonds and leveraged loans for middle market companies.

He has over 25 years of experience investing in middle market distressed companies. He began his investing career in the early 1990's with O'Connor & Associates. He later co-founded Epic Asset Management to focus on investing in middle market distressed companies. Epic was acquired in 2008 by Citigroup, where Duplessie served as head of distressed debt strategies. Most recently, he led the distressed debt team for Napier Park Global Capital.

SDIRA Wealth hired educator and consultant Elle Maroutsos to head up new accounts. Maroutsos helps financial advisors adjust to tax reforms, as financial advisors look to make adjustments to preserve and continue growing wealth. She is also a point of contact for the firm’s new clients with its emerging Wealth Advisor Partnerships. She holds a MBA from Northwestern University, a Master’s Degree in education from Trinity University and is the founder of an international language consultancy.

Fifth Third Bancorp appointed Kristine Garrett as senior vice president and head of Fifth Third Private Bank. Garrett reports to Mike Michael, executive vice president and head of wealth and asset management. Prior to joining Fifth Third, Garrett most recently served as president of private wealth at CIBC US. In this position, she had direct responsibility for private banking, investment management, trust and brokerage across the personal advisory and corporate client segments. She also held national and regional leadership roles at JP Morgan.

BMO Financial Group appointed Darryl White as its new chief executive, taking the helm from Bill Downe. White previously held the role of chief operating officer, with strategic leadership responsibilities for the lender’s personal, commercial and wealth businesses. Before this, White was group head for BMO Capital Markets.

RBC Wealth Management hired PVG Group to its recently-opened Palos Verdes, California office. The PVG Group is comprised of financial advisors Larry Prutch, senior vice president; Cengiz Volkan, senior vice president; Alan Goldstein, first vice president; and Neil Fujita, first vice president. Also part of the PVG Group are Teresa Ortega, senior registered client associate, Annelyn Drollinger, senior registered client associate, Steve Yun, client associate and Gary Gray, investment associate. They manage more than $610 million in assets and join RBC WM from Merrill Lynch.

Lenox Advisors, a wealth and insurance advisory firm focusing on high net worth individuals, appointed Kyle Martin as an asset manager based in Bloomingdale, Illinois. Martin works with Patrick Murphy, managing director. Prior to joining Lenox, he was a senior regional sales consultant at PowerShares by Invesco, where he educated advisors on the tax efficiencies and unique benefits that exchange-traded funds can bring to client's portfolios.

George Klett, group director, executive vice president and chairman of its commercial real estate (CRE) committee, retired from Signature Bank, a New York-based bank. He remains active with the bank in a senior advisory role until March 2020. Klett joined Signature Bank in October 2007 from Capital One, formerly North Fork Bank, in Melville, New York. He has over four decades of experience in the banking industry. Two colleagues succeeded Klett. They were Joseph Fingerman and John Zieran, who originally joined Signature Bank with him a decade ago, and with whom he has closely worked for nearly 20 years.