UK moves 
JP Morgan appointed Oliver Gregson as head of the private bank’s UK and Nordics markets. Based in London, Gregson oversees the firm’s UK and Nordics wealth management business. He reports to Pablo Garnica, chief executive of JP Morgan Private Bank’s Europe, Middle East and Africa region. Gregson was previously head of HSBC’s Private Bank Investment Group, in charge of the investment counselling, portfolio management, sales and trading and wealth advisory teams. Before that, he managed sales, product and discretionary investments at Barclays Wealth. He also held leadership positions at UBS Wealth Management and Citigroup Private Bank.

Bruce Hemphill, chief executive of London-listed Old Mutual, stepped down as Old Mutual Wealth’s chairman, handing over to Glyn Jones. Jones, chairman of New York-listed Aspen Insurance and London-listed Aldermore Group, became independent non-executive chairman of the Old Mutual Wealth board, subject to regulatory approval. He has also served as chairman of Hermes Fund Managers, BT Pension Scheme Management and UK wealth manager Towry. Hemphill continues to be a director of the Old Mutual Wealth board.

Old Mutual Wealth Private Client Advisers hired Dominic Rose to lead its growth strategy in London. Rose joined from Bellpenny, where he oversaw the firm’s acquisition strategy for over four years. Before that, he was head of acquisitions and wholesale at Towergate Financial. In the new position of director, Rose reports to managing director, Nigel Speirs.

Northern Trust hired Vignesh Vijayakumar and Yovan Dabee in London to serve ultra-high net worth families and their family offices and foundations across Europe, Middle East and Africa. Vijayakumar joined from Royal Bank of Canada, where he was an associate director. He will take on the newly-created role of senior relationship manager for Northern Trust’s global family and private investment offices group, responsible for supporting the group’s ultra-high net worth clients across EMEA. Dabee joined from Santander, where he was a senior private banker. He will serve as a senior wealth strategist, responsible for increasing awareness of Northern Trust’s wealth management solutions across EMEA. He has also worked at Morgan Stanley, Barclays and BNP Paribas. 

Principal Global Investors appointed Tim Stumpff as its new chief executive in Europe. He replaced Nick Lyster, who takes on the newly-created role of global head of wealth advisory services. Stumpff, based in London, joined Principal Financial Group in 2003 and has worked in various leadership roles, first leading the corporate capital markets group and later as part of the senior management of its healthcare business. He then served as president of Morley Financial Services and most recently as president of Liongate Capital Management. Lyster, who has been at the helm of Principal in Europe for the last 10 years, is responsible for delivering the firm’s investment capabilities to global wealth management firms, with a focus on the firm’s Dublin-domiciled UCITS range of funds. He is based in London.

Bond Dickinson hired Gareth Davies as a wealth manager and Barry Stimpson as head of funds. Davies most recently worked at Brewin Dolphin, where he was divisional director. He has over 15 years' experience in advising clients on financial planning matters. His recent work includes advising executives on transition from work into retirement, advice to individuals and trustees in reviewing investment portfolios and advice to families on estate planning and inheritance tax. Stimpson joined Bond Dickinson from Olswang, where he was head of funds and regulatory. Previously, he worked at Linklaters, UBS and Squire Patton Boggs. He specialises in real estate, private equity, debt and other funds and real estate-related corporate structures. He is also a practitioner in the field of limited liability partnerships.

Legal & General Investment Management Real Assets appointed Louis Storrar to the newly-created role of senior asset manager for its leisure fund. Storrar previously worked at Savills, where he was seconded to The Crown Estate to head up property management for its regional portfolio. Most recently, he took on a secondment at L&G to support the Leisure Fund.

Arbuthnot Latham appointed Brian Robinson as a senior private banker within the executives and entrepreneurs team. Robinson joined from Coutts & Co where he has held a number of senior positions over more than 30 years. He was most recently director, private banker, looking after high net worth entrepreneur clients.

Barclays appointed Karen Frank to lead its international wealth business. Frank joined Barclays in 2012 as a managing director in the financial sponsors group and is currently co-head of FSG in Europe, the Middle East and Africa, a role which will now be held solely by Ken McGrath. Frank is a member of the banking EMEA operating committee. Before Barclays, she spent four years as a managing director, investment banking at Goldman Sachs International, according to her LinkedIn profile. Frank is based in London. 

James Hambro & Partners appointed US and global equity markets specialist William Francklin as partner. Francklin joined after 22 years as private client director at Waverton Investment Management, where he was also a senior member of the asset allocation and stock selection committees.

Senior director and UK country head Ian Wilkins left Franklin Templeton Investments after 16 years at the company. Alex Brotherston, the company’s head of retail sales, and Jill Barber, head of institutional, who have been leading distribution teams in the UK, report to Vivek Kudva, managing director for Europe, the Middle East and Africa. Michel Tulle, who joined Franklin Templeton back in 1995, was appointed senior director, Southern Europe and Benelux, replacing Sergio Albarelli, who left the company. Tulle has been senior director – Americas since 2002 and left a four-strong management team, responsible for distribution across the sub-regions of South America, North America, Central and Brazil. They will report to Andrew Ashton, managing director for the Americas. Tulle will relocate to Franklin Templeton’s Paris office in January 2017.

Walker Crips appointed Guy Jackson as head of group compliance and executive director to the board. Jackson served as head of compliance at Nutmeg Saving and Investment and NewSmith Asset Management. He has over 25 years’ experience in senior compliance roles in the investment sector. Based in London, he was also appointed company secretary. Jackson succeeded David Hall who stepped down as compliance head in May this year. Walker Crips also hired Holly Ward and Edward Lester as investment managers, also within its London head office.

Quilter Cheviot appointed Nicholas Hawkins to its 67-strong team of investment managers in London. Hawkins joined from Walker Crips Stockbrokers, where he spent eight years managing a client base with assets of more than £100 million ($130 million) on a discretionary and advisory basis. 

UK-based wealth management house and private bank Brown Shipley appointed former Investec employee Ryan Caines to its Edinburgh office as private client associate. At Investec Wealth & Investment, Caines was an investment assistant. Prior to that, he worked at Winton Capital Management in Oxford as a research assistant.

River and Mercantile Asset Management hired Gary Dowsett as a global analyst within its global equity solutions business. In the new London-based role, Dowsett works alongside Will Lough, director of research, while supporting Hugh Sergeant, R&M’s equity solutions chief investment officer, on his global portfolios. Dowsett previously worked with Sergeant as a fund manager and analyst at Phillips & Drew, the predecessor of UBS Global Asset Management, from 1987 to 2001. He then spent four years at Willis Towers Watson before taking on senior roles at Schroders and Taube Hodson Stonex Partners.

Andy Brunner, London-based investment strategist for Morningstar’s investment management business in Europe, the Middle East, and Africa, retired from the company. Brunner began his career in financial services in 1976, holding a number of financial analysis roles before becoming director of investments at Laurentian Group. He later served as head of investment strategy and asset allocation at Prolific Asset Management and Aberdeen Asset Management. 

Henley appointed Justin Meissel to the newly-created role of chief operating officer. Meissel joined from the Blackstone Group, where he was a principal, responsible for sourcing and executing pan-European investment deals. He also held roles at GI Partners, Warburg Pincus and JP Morgan. His experience includes investing in the UK, Europe, the US, Asia, South America and the Middle East. He is based in London. 

Close Brothers Asset Management appointed Matthew Heappey as business development director to further enhance its relationships with intermediaries in the South West. Heappey worked with intermediaries in the region for the last three years, first, at Standard Life and, most recently, at AXA Life Invest as a UK retirement specialist. 

BNY Mellon appointed Niamh De Niese as director and head of its Europe, Middle East and Africa innovation centre. De Niese was most recently head of Visa's European innovation labs in London, Berlin and Tel Aviv, where she led all digital innovation client co-creation and thought leadership projects across the company. She held a number of other senior technology and innovation leadership positions in the financial services and consulting industries. She is based in London.

Italy’s Banca Monte dei Paschi Di Siena, the world’s oldest bank, which was hit by a massive fall in its share price this year amid concerns over its financial strength, appointed a new chief executive and general manager. The new CEO is Marco Morelli. Fabrizio Viola stepped down. Separately, Massimo Tononi resigned as chairman and director of the bank.

James Cowper Kreston appointed Margaret Savory to its corporate tax team. Savory joined from the Reading office of BDO, where she was a senior tax manager. She advised entrepreneurial and fast-growing businesses on all aspects of their corporate tax affairs, with clients including small owner-managed start-ups, large private equity-backed businesses and London-listed companies.

Rowan Dartington appointed Luke Pearce and Alex Boyle as investment managers as part of its national growth drive. Pearce, previously an investment manager at Brewin Dolphin, brings experience of working with high net worth individuals and charities. Boyle joined after seven years as a senior investment manager at Hawksmoor Investment Management. He has over 30 years’ industry experience in a number of roles ranging from fund manager to investment writer and discretionary private client portfolio manager. He is based in the company’s new branch in Ipswich.

Kleinwort Benson recruited two directors and two senior advisors within its private merchant banking team. Robert Auerbach joined as a director and head of origination. He most recently served as head of M&A at WH Ireland, having previously led Bryanston Capital, a corporate finance advice firm. Before that, he worked at NM Rothschild. Gheeve Changizi, who previously worked at Lazard and Hannam & Partners, also joined as a director.

Piers Talalla was appointed as the bank’s senior advisor for hotel and leisure. He was previously co-founder and chief executive of Avington Financial, an advisory firm in the hotel and leisure sector. He has also worked as an M&A banker at Citi and Dresdner Kleinwort Benson. Simon Reid, previously at GE Capital and ING Barings, joined as a senior advisor, specialising in real estate transactions. 

Stonehage Fleming, the international family office, recruited David Elwell as a director in Philadelphia. Elwell also joined as a principal at the law firm Peter Rosenberg & Associates, which works closely with Stonehage Fleming in the US on tax advisory services and estate planning. He was previously a partner at Heckscher, Teillon, Terrill & Sager, where he advised wealthy clients on their US and international income, tax planning, and estate and succession planning. Earlier, he was an associate in the international tax practice group at Duane Morris, having started his career in law at Morgan Lewis & Bockius. Elwell reports to Peter Rosenberg, president of Peter Rosenberg & Associates, and partner and head of family office for Stonehage in the US.

JO Hambro Capital Management appointed Ken Lambden, previously chief investment officer at Barings, to replace Gavin Rochussen as group chief executive. Rochussen, who has been at the helm since late 2008, was appointed group executive, international at JOHCM’s parent firm, BT Investment Management, the Australia-listed fund management group. In the newly-created role, Rochussen is responsible for implementing BTIM's growth strategy outside Australia, with a focus on growing the JOHCM business in the US and Asia, in particular identifying new investment teams. He continues to report to BTIM’s group CEO, Emilio Gonzalez, and is based in London.

DataArt appointed Toby Bryans as a principal consultant within its finance practice. Based in London, Bryans joined after three years with Nasdaq NLX, the interest rate derivatives exchange, where he was director, onboarding. 

Close Brothers Asset Management appointed Neil Davis as chartered financial planner to further develop its financial advice offering in the North West and North East. With over 25 years in the financial services sector, Davis most recently worked at Armstrong Watson, where he developed a financial services advisory business in West Cumbria. He has previously worked as an independent financial advisor for CH Jeffries and Skipton Financial Services. 

ZEDRA, the independent trusts, corporate and fund services firm acquired from Barclays in January, appointed Robert Burchett-Coates to the newly created role of director of business development and sales. Burchett-Coates worked for more than 15 years in administration, investment management and corporate solutions markets. He operates from the firm's offices in London. Prior to this new role, Burchett-Coates was a director at Deutsche Bank in London, leading fund services sales in EMEA. He also worked at Man Group in a senior role, overseeing commercial management of fund administration services and related corporate solutions for funds.

Artemis Investment Management hired Stephanie Sutton as an investment director, based in London. Sutton joined from Fidelity, where she has worked since 2008, most recently as an investment director. She has over 20 years’ investment experience, having also worked as a consultant at Ernst & Young, advising asset managers. Previously, she held various roles as an equity analyst, fund manager and product manager at Société Générale, F&C and Lehman Brothers. 

MASECO Private Wealth, a firm that specialises in fields such as services to expat US citizens, appointed Andrew Brown as chief operating officer. This role is newly-created. Brown, who was formerly COO and a founding partner of Skyline Capital Management, an emerging market firm, has responsibility for areas such as compliance, human resources, legal, finance and systems. His other previous roles include chief of staff at the UK private banking business of Barclays. Before this, he worked in Barclays' group strategy team.

Stonehage Fleming appointed Ian Harvey to the newly-created role of business development director within its investment management division. Harvey joined from Neptune Investment Management where he led the development of UK and European institutional business. Previously, he headed up LV Asset Management’s institutional sales and also spent seven years in a similar role at BNY Mellon. From 1995 to 1998, he worked at Fleming Asset Management, a division of Stonehage Fleming’s predecessor company, Robert Fleming & Co.

Kames Capital hired Jack Holmes as an investment manager within its high yield bond team. The appointment came shortly after David Ennett joined from Standard Life as head of high yield and Phil Milburn returned to the company as head of fixed income investment strategy following a period of ill health. Holmes joined from Standard Life Investments, where he was an analyst on the European high yield team covering sectors including general industrials, waste and recycling, and oil and gas services. He reports to Ennett.

BNP Paribas Investment Partners appointed James Dilworth to the newly-created role of global head of sales. Dilworth previously worked at Deutsche Bank as chief executive, Germany for Deutsche Asset & Wealth Management Investment and global head of active asset management. Before that, he held various executive and business development roles at Allianz Global Investors. He also worked at Goldman Sachs Asset Management, where he helped enhance the firm’s European footprint, with a focus on Germany. He left Deutsche Bank earlier this year following the separation of Deutsche Asset & Wealth Management into two separate units. Based in London, Dilworth is responsible for developing BNP Paribas IP’s business with institutional and retail investors as well as distribution networks. 

London-based Heartwood Investment Management appointed Paul Rose as intermediary client director. Rose joined from Novia Financial where, as regional sales manager, he was responsible for the North West. Previously, he was national sales manager at Cofunds and regional sales manager at Zurich Financial Services.

BMO Global Asset Management appointed Christine Cantrell as UK sales director of exchange-traded funds. Cantrell joined from State Street Global Advisors, where she worked in the UK sales team for two years, responsible for the distribution of investment strategies to the UK intermediary market. Before that, she worked for ETF Securities as director of UK and Ireland sales. There, she developed client relationships with discretionary fund managers, private wealth managers and large asset managers across the UK and Ireland. She is based in London in this newly-created role.

Kuber Ventures, the platform giving access to enterprise investment schemes and similar funds, appointed a trio as part of its sales growth ambitions. The hires were Tim Thornton, Matt Lenzie and Kate Hopkin. All three roles are newly-created. 

RBC Wealth Management appointed John Younger as managing director, sales and relationship management, responsible for the business owners and entrepreneurs client segment team. Younger has almost 25 years of industry experience, including 18 years with RBC in its capital markets business in Toronto and New York. Based in London, Younger reports to Tony Johnson, head of sales and relationship management at RBC Wealth Management. Younger succeeded Sandy Swinton, who led the business owners and entrepreneurs client segment since November 2015. 

Hargreaves Lansdown said Ian Gorham was leaving the firm, having spent seven years as the company’s chief executive. He is to hand over to Chris Hill, currently the group chief financial officer. Gorham joined Hargreaves Lansdown in 2009 as chief operating officer before becoming CEO in September 2010, succeeding Peter Hargreaves. Previously, he was head of financial services at Grant Thornton UK from 2003 to 2009.

Aviva Investors appointed Rémi Casals, Nigel Cosgrove, Jennifer Stillman and TJ Voskamp to new roles within its global distribution and client relations team. Casals was appointed head of European institutional client solutions. He joined from Rogge Global Partners, where he was head of global distribution. He previously worked at AXA Rosenberg, Barclays Global Investors and Andersen Corporate Finance. Cosgrove was appointed head of European institutional client relationships and service. He joined from Standard Life Investments, where he was an investment director. He previously held positions at BlackRock and Columbia Threadneedle.

Stillman serves as global head of consultant relations. She joined from Hermes Fund Managers, where she was director, consultant relations. She previously worked at Nightscape Capital and Caliburn Capital Partners. Voskamp is head of European wholesale client solutions, and also oversees the global financial institutions team. He joined from Schroders, where he was head of the global financial institutions group. Previously, he worked at Columbia Threadneedle and Datamonitor.

James Hambro & Partners appointed Glenn Hawksbee as head of financial intermediary sales. Hawksbee previously spent 17 years at Quilter Cheviot, where he was head of sales. He left the company late last year. 

Henderson Global Investors promoted James Ross to co-manager of the €3.9 billion ($4.4 billion) Henderson Horizon Pan European Equity Fund. The fund had been managed by Tim Stevenson since its inception in 2001. Ross has been with Henderson since joining the firm’s graduate scheme in 2007 and has been co-manager on the Henderson UK Alpha Fund since January 2013, working alongside Neil Hermon. Hermon assumed lead management of the Henderson UK Alpha Fund, supported by deputy fund manager Indriatti van Hien, whom he has worked with for the last four years.

Bedrock hired Patrick Lachotzki as head of business development and managing director of its fund management business, a newly-created role. Lachotzki joined from BlueBay Asset Management, where he helped raise assets and build the brand across the Benelux region, Canada and the US. Most recently, he was the firm’s head of sales, European financial institutions. He previously worked at Citigroup Global Markets as assistant vice president in the equities team.

Hermes Investment Management appointed Robert Wall as a partner within its infrastructure team. Wall joined from the Canadian Pension Plan Investment Board, where he has worked for the past nine years in both Toronto and London. There, he was responsible for executing large-scale direct infrastructure investments and acted as a board director of infrastructure companies in Europe and Australia.

European Wealth appointed John Scurlock-Davies as an investment manager within in its Wokingham office. Most recently, Scurlock-Davies was a wealth manager at Towry. Before that, he was an investment executive at Rowan Dartington. He has 36 years of investment experience, 29 of which he spent at Coutts & Co, before becoming a director, private banking with Credit Suisse and executive director at UBS. In the new role, Scurlock-Davies reports to John Morton, group chief executive of European Wealth.

Arbuthnot Latham hired Robert Salisbury as director, commercial banking for the South West, Colin James as senior commercial banker, and Adrian Midmer as commercial banking executive. Salisbury joined from Coutts, where he was director, private banking and head of Coutts Exeter. James joined from Barclays, where he was head of the debt team. Midmer joined from RBS, where he was relationship director. In their newly-created roles, all three are based at Arbuthnot’s Exeter headquarters.

A luminary in the investment management world, Huw van Steenis, was appointed as global head of strategy at UK-listed Schroders. Based in the London, and reporting into group CEO Peter Harrison, van Steenis drives business strategy and corporate development – a newly-formed role. Van Steenis has more than 20 years' experience in the industry, including 14 years as managing director and global coordinator for banks and diversified financials research at Morgan Stanley.

ICBC Standard Bank appointed Vikram Khanna to the newly-formed role of head of advisory. Among previous roles, he has worked at Credit Suisse as director for global industrials and energy.

Connection Capital, a private client investment boutique, appointed Victoria McGurran as a client manager. She previously worked for Swiss-listed asset management house GAM. At GAM, McGurran was a member of the UK client team.

Savills Investment Management appointed Charlie Hamilton and Shaun Widgery to its London team. Widgery is part of the Savills IM development management team.

Tilney, the investment management and financial planning business of UK-based Tilney Bestinvest, appointed Miles Robinson as head of investment management in London. The role was previously held by Guy Bowles, who was formerly CEO of Ingenious, the firm acquired by Tilney Bestinvest earlier in 2016. Robinson was previously the head of Tilney for intermediaries along with head of the firm’s Birmingham office. He operates from the firm's Mayfair office and reports to Alan Edwards, head of investment management in England. Robinson joined Tilney in 1999 on a work experience placement and over 17 years has covered a number of roles within the company.

Americas
Citi Private Bank hired Nicolas Schmidt-Urzua as a managing director and head of the multi-asset trading and advisory team for Latin America, a move the firm said underscores its commitment to the region. Schmidt-Urzua joined from JP Morgan Private Bank, where he was head of global investment opportunities for Latin America, excluding Brazil. Earlier, he held a similar role as GIO head in Geneva, having previously been an investment advisor at Credit Suisse in New York and Miami, FL.

In his new New York-based role at Citi Private Bank, Schmidt-Urzua will provide trading services to the firm’s most sophisticated capital markets clients, while continuing to segment the bank’s client coverage model. He will report to Lisandro Chanlatte, head of investment counselors for Latin America, and Adam Gross, head of multi-asset trading and advisory for the Americas. 

Threshold Group, the family office firm, brought in Jacob Gray as a managing director of impact investing in Philadelphia, PA. Gray was previously a senior director of the Wharton Social Impact Initiative and, in partnership with founder Bridges Ventures, he also co-developed the MBA Impact Investing Network and Training learning platform. Before his Wharton role, Gray was co-founder and partner of Murex, an early stage impact venture capital fund, focused on sectors including education technology and financial services.

HSBC Private Bank appointed Russell Schofield-Bezer as head of investment services and product solutions, adding to its leadership team in the US, which the firm remarked is one of its key growth markets. Schofield-Bezer will be responsible for the development and delivery of investment services and offerings to clients in the region, as well as the performance of discretionary and advisory mandates, and the development of new initiatives and product ideas. 

He will also be a voting member of the global private bank global investment committee. Having relocated from London to New York, Schofield-Bezer will report to Marlon Young, HSBC's regional head of global private banking for the US and Latin America, and to Stuart Parkinson, chief of staff at HSBC Global Private Bank. Schofield-Bezer moved across from HSBC Global Banking and Markets, where he was most recently head of capital financing for Europe and head of debt capital markets for the EMEA region. He joined HSBC in 2006 as European head of corporate derivatives sales, and before that worked at JP Morgan Chase, where he was head of northern European corporate derivative sales.

The Alliance for RIAs (aRIA) welcomed its first new member since its launch, in the shape of Jack Petersen, a managing partner at Summit Trail Advisors. Through Dynasty Financial Partners, Petersen and his five co-founders broke away from Barclays and opened offices in New York City, Chicago and San Francisco last July as Summit Trail Advisors. aRIA said it invited Petersen to its network due to his diverse background in financial services and successful breakaway launching Summit on a national scale.

Before founding Summit, Petersen was head of wealth management at Barclays Wealth for the Americas. He joined the firm in September 2008 as part of its acquisition of Lehman Brothers Private Investment Management. He was global head of private investment management at Lehmans at the time, having risen to that post after joining the firm in 2003, and serving as national sales manager and US head of private investment management. From 1993 to 2003, he was an executive director at Morgan Stanley, where he got his first taste of wealth management.

Lombard International, the wealth structuring firm, created a transatlantic solutions team focused on the challenges that high net worth individuals and families face as a result of the globalization of their wealth. The team is comprised of executives from across the US, Europe, Latin America and Asia. The team includes: Fischer; Phil Trussell, senior managing director, Bermuda; Helmer Arizmendy, senior managing director, Latin America; Danilo Santucci, senior US tax counsel and wealth planner, Europe; Lee Sleight, manager of case structuring, Europe; and Freda Liu, marketing officer, Asia.

MUFG Union Bank appointed Lisa Roberts as a managing director and head of private wealth management for Northern California and the Pacific Northwest. Based in San Francisco, Roberts will report to Michael Feldman, head of wealth markets. She has spent 28 years in the wealth management industry, including around five years as a regional market manager at Citi Private Bank, and stints at Bank of America and Wells Fargo.

ZRG Partners, the executive search and talent management firm, hired Doug Hanslip as a managing director within its financial services practice. Hanslip will have a particularly strong focus on the asset and wealth management, alternative investment and capital markets sectors. He will split his time between Chicago and New York. Before joining ZRG Partners, Hanslip was head of the financial services practice at Allegis Partners, having previously worked at Korn Ferry International and CT Partners in similar roles. Prior to his career in executive search, he worked on Wall Street for over a decade with two investment banking organizations covering the institutional asset management client community.

Todd Combs, an investment officer at Berkshire Hathaway, joined JP Morgan’s board of directors. His appointment to a board committee will be announced when determined, the US bank said. Combs joined Berkshire Hathaway in 2010, having previously been chief executive and a managing member at Castle Point Capital, an investment partnership he founded in 2005. In that role, he managed capital for endowments, family foundations and institutions. Earlier in his career, he was an analyst for Florida’s state financial regulator, and he analyzed risks for insurer Progressive Corp.

Richard Barrett joined Boston, MA-based Congress Wealth Management as chief investment officer and partner, succeeding Peter Anderson. Barrett joins after seven years as CIO and portfolio manager at a family office firm in the Boston area. Before that, he was a vice president and associate partner at Wellington Management, and earlier still worked at EY.
 
Credit Suisse named Bill Johnson as head of asset management in the Americas. Johnson - who will retain his role as deputy global head of asset management - will oversee the commodities group, credit investments group, Securitized Products Fund and private funds group. All Americas-based business that reports to him currently will continue to do so. Credit Suisse also named Michel Degen as head of asset management for Switzerland and EMEA. Michael Strobaek, former head of asset management in Switzerland, will remain as global chief investment officer at Credit Suisse and head of investment solutions and products for international wealth management.

Artivest, which provides access to alternative investments, took on Jon Feigelson as general counsel and chief compliance officer from TIAA. In his former role at TIAA, Feigelson was a senior managing director, general counsel and head of regulatory affairs, and director of corporate governance. He has also worked at ABN AMRO and Goldmans. At Artivest, he will provide strategic, regulatory and transactional legal advice across the firm’s alternative investments range. 

Snowden Lane Partners, the wealth advisory firm, brought in Dave Woolford from JP Morgan Securities as a managing director and private wealth advisor in Baltimore, MD. Woolford joined partners and managing directors Phil Lazzari, Mark Stevens and Eric Watson to comprise a team that will manage around $350 million in client assets. Besides JP Morgan, Woolford has also worked at UBS, Credit Suisse and Alex Brown & Sons.

Brazil’s Itau Unibanco recruited Nicholas McCarthy from Banco Safra as global chief investment officer within its private bank. Based in Sao Paulo, McCarthy will oversee asset allocation and investment advisory affairs for wealthy Latin American individuals. He will head teams in Brazil, Miami, New York and Zurich, and report to Luiz Severiano, a director responsible for Itau’s private banking business. At Banco Safra, McCarthy was responsible for fixed income and hedge funds asset management. Before that, he worked at JP Morgan and Banco Matrix.

Douglas Rubenstein was appointed as Benjamin F Edwards & Co’s chief operating officer, while the firm also launched an office in Jonesboro, AR, and made a splash of hires. With two advisors, the Jonesboro location joined Berryville and Harrison as the firm's third office in Arkansas, bringing the company's total office count to 56 in 25 states. 

Additionally, the firm added an advisor at its existing offices in LaSalle-Peru and Naperville, IL. Collectively, the four new advisors represent $384 million in assets under management. Rubenstein joined the firm in 2012 as director of capital markets and business strategy. In his new COO role, he will continue with his existing responsibilities, while also overseeing company initiatives.

Joining the firm from Stephens, Inc was Malcolm Peeler and Brian Erwin in Jonesboro as a senior vice president of investments and vice president of investments, respectively. Meanwhile, in LaSalle-Peru, Cindy Lewis joined as a senior registered financial associate to Peeler and Erwin, while Kevin Skogsberg joined as a senior vice president of investments from Stifel, along with senior financial associate Julie Perez. The LaSalle-Peru office was launched in 2011. Lastly, in Naperville, IL, Curtis Loveday was appointed as a financial consultant from Morgan Stanley. The Naperville office opened this year.

Connecticut-based Symmetry Partners, the investment advisory firm, brought in former BlackRock director Timothy Baker as director of product strategy, as well as making a series of hires. Baker will be responsible for overseeing Symmetry’s entire product suite, with a focus on developing the firm’s next generation of factor-based ETF models. He will also help educate advisors and investors on other new initiatives, including the firm’s foray into alternatives. During his time at BlackRock, Baker promoted smart beta/factor investing in the US across institutional and retail channels, as well as the firm's global equity product suite across the Americas.

Meanwhile, Eric Krusiewicz joined Symmetry as a senior investment strategist from Colonial Consulting. The firm also added three regional business consultants in the shape of Bob Matala from Envestnet, Nathaniel Poole from Jackson National Life, and Michael Jordan, also from Jackson National Life. 

Alan Lennick joined Hilltop Securities’ private client group in Beverly Hills, CA, as a regional director for the West Coast, and senior vice president of practice management. As West Coast director, Lennick will help private client managers boost their productivity, while also concentrating on recruiting wealth management talent.

In his practice management role, Lennick will support private client and HilltopSecurities independent network advisors with their fee-for-advice programs, as well as help to ensure that advisors meet the requirements of the Department of Labor’s recently adopted rule defining fiduciary investment advice and conflicts of interest related to retirement assets. Lennick was previously a complex director at Ameriprise in Los Angeles, and before that managed branches in the Minneapolis/St Paul area.

Merrill Lynch hired three financial advisors from UBS in Manhattan for its Manhattan East complex. Harry Lewkowitz, a member of the Lewkowitz–Gersten Wealth Management Group, joined as a managing director, wealth management advisor and senior portfolio manager.  
 

Jeff Gersten, a member of the Lewkowitz–Gersten Wealth Management Group, joined as a senior vice president, senior financial advisor and senior portfolio manager. And, lastly, Jeffrey Schoenfeld was hired as a senior vice president, wealth management advisor and senior portfolio manager.

Pure Portfolios brought in former US Trust man David Gewant as a managing director, responsible for driving strategic partnerships, firm operations and portfolio construction. Gewant previously served as division investment executive for the western region at US Trust, having been a market investment director and portfolio manager in the Portland, ME, office before that. He began his career in New York as a portfolio manager and equity analyst.

Risk Strategies Company, the risk management and insurance firm, made two private client hires in Chicago, IL, in the shape of Sandy Leon and Andrew Bonk. Leon and Bonk joined from the brokerage firm HUB International, where they have worked with wealthy families for the past 12 years. At Risk Strategies, Leon was named a vice president and family office practice leader for the Midwest - serving clients across the US and internationally - while Bonk joined as a senior account executive.

FolioDynamix, a provider of wealth management technology and advisory services, expanded its national sales team with the addition of Chicago, IL-based Sean Mullen and Dallas, TX-based Jerome Hill. Mullen, who was most recently with Envestnet, is charged with expanding the firm's footprint with enterprise-type broker-dealer clients. Hill, who has a background in financial services and institutional sales, is focused on the firm’s FDx Complete offering, a wealth management and advisory solution for RIA firms.

iCapital Network, the online provider of alternative investments, made four hires: Tom Iacono joined as chief financial officer; Grace Kim as head of investor relations; David Russo as head of platform integration; and Bryan Gallagher as legal counsel. Iacono joined the firm from General Electric, where he spent 12 years in financial leadership and transaction advisory roles. Earlier, he was CFO at Fortress Transportation and Infrastructure Fund, and a senior manager at Deloitte.

Kim, meanwhile, joined from Fir Tree Partners, an investment firm where she was a director in the investor relations group. She has 17 years of experience working with managers and investors in the alternatives sector. Russo joined from Credit Suisse Private Banking Americas, where he was chief operating officer of assets and investments, responsible for cross-product strategy and business development. Before that, he worked at Bank of America Merrill Lynch and Morgan Stanley Wealth Management. Lastly, Gallagher joined from Goldman Sachs, where he was a vice president and assistant general counsel in the investment management division.

Citi Private Bank recruited Sonia Garcia-Romero from JP Morgan in Miami, FL. This was a replacement hire. Garcia-Romero is responsible for leading ultra high net worth client investment services in the region, excluding Mexico and Brazil. Reporting to Lisandro Chanlatte, head of investment counselors for Latin America, she will also lead the bank’s multi-family office business, with a focus on capital market solutions. 

In her former role at JP Morgan, Garcia-Romero served as market manager and investments team leader for the Andes, Central America and Caribbean regions. Earlier, she worked in the firm’s investment bank and on the global markets treasury liquidity desk.  

PKF O’Connor Davies, the accounting and advisory firm, added Alan Kufeld as a partner within its financial services practice. Kufeld was previously a partner at Flynn Family Office, and earlier a tax principal within the family office group at Rothstein Kass, both in New York. 

Kirkpatrick Bank launched private banking services in Denver, CO, making two hires as part of the effort. The new branch is headed by Steven Harlan, who joined as a senior vice president of private banking, serving families, foundations and businesses. Meanwhile, Kam Looney joined as a vice president of private banking. Looney has spent most of her career primarily in the mortgage field, branching into business and private banking in 2011. 

Brown Advisory, the global investment firm, brought in two Austin, TX-based investment management teams to launch its eighth office. Blackhaw Wealth Management, founded by Ian McAbeer in 2009 and joined by Tushar Shah in 2014, combined its business with Brown Advisory. Joining with McAbeer and Shah were Blackhaw colleagues Sarah Richardson and Mia Karides. Erik Cohen, Jonathan Levy and Mindy McDuffie represent the other side of the addition, and joined Brown Advisory from Oxbow Advisors.

Lombard International, a global provider of wealth structuring services for HNWIs, brought in Phil Trussell as a senior managing director to expand its life insurance operations in Bermuda. The expansion of the Bermuda-based life business followed a string of recent developments by Lombard International, including the opening of its brokerage office in Hong Kong to serve the Asia market and the firm’s recent launch of a representative office in Paris. Trussell has over 20 years of experience as an insurance professional and joined Lombard from The Argus Group in Bermuda.

Christine Hurtsellers became chief executive of Voya Investment Management, Voya Financial's asset management business. Hurtsellers succeeded Jeffrey Becker, who is leaving the firm to join another company, and had served as CEO of Voya Investment Management since 2009. In her previous role at Voya, Hurtsellers was chief investment officer of fixed income since 2009. She now reports to Alain Karaoglan, the firm's chief operating officer and chief executive of retirement and investment solutions. In other changes, Matt Toms succeeded Hurtsellers as chief investment officer of fixed income. Toms, who has served as head of public fixed income at Voya since 2011, will continue to report to Hurtsellers.

California-based Mechanics Bank expanded its resources for affluent clients, adding and promoting staff throughout the San Francisco, East Bay and Napa regions. Ester Babakhanov joined the bank as a vice president and wealth management strategist in San Francisco, providing estate and charitable planning for individuals and families, as well as corporate retirement services. She previously worked at JP Morgan in San Francisco and at Wells Fargo in San Francisco and La Jolla, CA. 

James Hauer, meanwhile, transferred from San Francisco to the North Berkeley office in light of growing client demand for trust services at the branch. Additionally, Michael Shea joined the Oakland office as a vice president and wealth strategist. He will serve as a personal relationship manager for families and businesses, having previously worked at WealthPLAN Partners.

In other moves, Tina Papucci, who joined the firm 30 years ago, was promoted to vice president and personal trust manager in Oakland, while Darren Peterie moved from the retail side to serve as a vice president and private banker. Rounding off the appointments, Ron Sparrow was promoted to vice president of private banking in Walnut Creek. He spent the previous two years as a manager in San Rafael. 

RBC Wealth Management welcomed the Evergreen Group in San Antonio, TX, with some team members based in the firm’s new Lufkin office. The group joined from Morgan Stanley with over $1 billion in assets. Team members include: Phillip Friesen, managing director and financial advisor; Chuck Crowson, senior vice president and financial advisor; John Friesen, vice president and financial advisor; Greg Bowman, vice president and financial advisor; Josh Zeleskey, associate vice president and financial advisor; Karen Ronaghan, associate vice president and senior financial associate; and Bonnie McKinney, senior registered client associate.

First Republic Bank added Kevin Barnes to its private wealth management team in San Francisco, CA. Barnes, a managing director and portfolio manager, joined from Merrill Lynch's private banking and investment group, where he was a managing director and private wealth advisor.  

Wealth and asset management house Noah Holdings appointed Shang-yan Chuang as chief financial officer, taking over from Ching Tao, who is now chief executive of Noah US, the firm’s first US subsidiary. Chuang has more than 13 years of experience in financial services. In March 2011, he joined Noah as a director of investment relations and corporate development. In 2012, he founded Noah Holdings (Hong Kong) and served as its executive director and CEO until January 2016. Prior to joining Noah, Chuang was a senior executive at Bank of America Merrill Lynch in the investment banking division and Asia private equity from 2003 to 2011, based in Hong Kong.

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Switzerland
HSBC appointed Christopher Matthey, previously a senior hedge fund advisor and portfolio manager at Goldman Sachs Asset Management, to its alternative investment group as head of discretionary portfolio management in Switzerland. He is based in Geneva.

The bank also hired Elisabeth Istanboulli from UBS Wealth Management as an alternative investment specialist in Zurich, and Aster Eddo to oversee investor relations for the alternative investments team in Switzerland. Olivier Nahas joined from Syz Group as a product specialist trader in Geneva, while in Zurich, Alin Radu from Julius Baer was appointed investment counsellor, and David Dizerens from Credit Suisse as investment counsellor analyst.

Julius Baer appointed Florence Rollet as its new marketing head, replacing co-heads Nicole Chandrashekara and Marco Parroni. Rollet previously worked at Tiffany & Co, where she was group vice president, Europe, Middle East and Africa. Based in Zurich, she reports to Boris chief executive, Collardi. Chandrashekara has been appointed a new senior role within the bank. Parroni remains within the marketing department as head of global sponsoring and deputy to Rollet. 

Credit Suisse named Michel Degen as head of asset management for Switzerland and for the EMEA region. Michael Strobaek, former head of asset management in Switzerland, remains the bank’s global chief investment officer and head of investment solutions and products for international wealth management.

Credit Suisse also appointed Alexandre Zeller and Dr Peter Derendinger as external members on the board of directors of its Swiss legal entity. Zeller, who has been chairman of the board of directors of SIX Group since 2013, was also appointed chairman of the board of directors of Credit Suisse (Switzerland). Derendinger is the founding partner and CEO of Alpha Associates, an independent company headquartered in Zurich that manages and advises on investments in private equity, private debt and infrastructure. Tidjane Thiam, CEO of Credit Suisse Group, also joined the board of directors of Credit Suisse (Switzerland).

M&A and corporate finance advisory firm MilleniumAssociates appointed Biagio Zoccolillo as a partner, based in Zurich. Since April 2015, Zoccolillo has been running his own consultancy practice, advising entrepreneurs, wealthy individuals and families, as well as corporates and institutions. He previously spent 11 years at Mirabaud & Cie.

Geneva-based Decalia Asset Management hired Clement Maclou as head of strategies related to changes in consumer trends. He joined after more than a decade with CPR Asset Management, where he managed one of the firm’s flagship funds on the theme of population ageing. In the newly-created role, he manages two thematic funds, DECALIA Silver Generation and DECALIA Millennials.

Switzerland-headquartered investments firm Lexinta Group appointed Paul Fang as group CEO. Most recently, Fang was managing director at LIVALOR Asset Management in Zurich. From 2006 to 2015, he was a senior relationship manager at Credit Suisse in Zurich.

ZEDRA Group hired Stuart McLuckie as managing director in Geneva, a newly-created role. He joined after five years as a director at Rhone Trust and Fiduciary Services, previously Banque Pictet’s trust company in Geneva.

Cecile Civiale Vuillier began a new role as senior relationship manager for ZEDRA Group. Vuillier is based in Geneva. Among other roles, she is a member of the editorial advisory board of this news service, a position she has held for three years; she has also been Swiss inter-branch officer of the Society of Trust and Estate Practitioners, based in Geneva, and has held that position for more than six years.

HSBC Private Bank (Suisse) appointed Theo Aeschlimann, formerly of UBS, as head of the entrepreneurs and executives desk, while Malcolm Dastur, previously at a family office, and Yves Tschui (ex-Credit Suisse) became senior relationship managers. They are based in Zurich. Meanwhile, HSBC recruited Alexander Sabo (ex-Credit Suisse) as market head, while Pieter Strobos (Bank Sarasin) and David Veit (from HSBC in the UK) were appointed senior RMs in the family office segment. Giovanni Miccoli from Acquila became head investment counsellor for the domestic and family office areas.

Falcon Private Bank, the Swiss-based firm owned by Abu Dhabi’s International Petroleum Investment Company, recruited Walter Berchtold as its new chief executive, replacing CEO Eduardo Leemann who has retired. Berchtold has more than 30 years of experience in the banking industry. He was named head of private banking of Credit Suisse in 2004. In 2011 he gave up the operational responsibility and continued to serve as chairman of the private banking division. From 2003 until 2012, Berchtold was member of the bank’s executive board. Since then he has been acting as an independent financial industry expert. Leemann remains at the bank as a senior advisor.

Rest of Europe

Vanguard appointed Sean Hagerty, principal and global head of the firm’s portfolio review department, to head up its European business, replacing John James, who has relocated to Vanguard’s headquarters in the US to lead the firm’s global human resources division as managing director. Hagerty joined the firm’s international leadership team and reports to James Norris, head of the international business.

HSBC hired Yosef Manna from Charles Stanley as assistant relationship manager for the Greek market.

Crestbridge, the Jersey-headquartered trust, fund and corporate service provider, made a round of director promotions. Daniela Klasén-Martin, managing director of Crestbridge’s Luxembourg office, became a director of the firm’s Jersey management company board. Fiona St-Clair-Bolam, head of human resources, joined the firm’s Jersey operating company board, and Fiona Fauvel, head of compliance, became a director of the board for Crestbridge’s fund administration business.

In Luxembourg, Crestbridge appointed Gregoire Mure as assistant manager and Pauline Babelart as senior accountant. 

Boston Limited, a fiduciary services business based out of the Isle of Man, appointed Sarah Ingrassia and Kerry Smith to its board of directors. Ingrassia joined the firm in 2012 and has served as a senior manager.

Edmond de Rothschild Asset Management hired Jean-Philippe Desmartin as head of its responsible investment team. He previously spent over a decade as head of environment, social and governance research at Oddo Securities. Based in Paris, he reports to chief investment officer Philippe Uzan.

German alternative investment manager HQ Capital appointed its chief operating officer and co-managing director, Georg Wunderlin, as its new chief executive, based in Frankfurt. He replaced Ernest Boles, who had been at the helm of the company for almost a decade. Boles became vice chairman of HQ Capital and continues to advise the company on its operations, remaining part of its executive management. He also remains on the investment committees for real estate and private equity and continues to manage a number of the company’s client relationships. Former vice chairman Marcel Giacometti was appointed as a senior advisor for HQ Capital as of January 2017. He will continue to be a member of the investment committee for private equity, also managing several client relationships. Chief financial officer Tim Avery was appointed to take over Wunderlin's responsibilities as COO, without assuming the title itself.

Italy’s Banca Monte dei Paschi Di Siena, the world’s oldest bank, appointed Marco Morelli as its new CEO, replacing Fabrizio Viola. Morelli previously worked at Bank of America Merrill Lynch, where he was country executive, Italy since 2012. He was also vice chairman of corporate and investment banking for EMEA at the bank. Separately, Massimo Tononi resigned as chairman and director.

Amundi appointed Anthony Mellor as head of investor relations and financial communication, replacing Cyril Meilland, who joined Credit Agricole as head of financial communication. Mellor, previously chief of investor relations at Lagardère Group, is based in Paris.

Amundi also appointed Bruno Taillardat to the newly-created role of head of smart beta. He joined after nine years with Unigestion, where he was latterly investment director, responsible for quantitative and fundamental research. Based in Paris, Taillardat reports to Laurent Trottier, Amundi’s global head of exchange-traded funds, indexing and smart beta management.

Canaccord Genuity Wealth (International) appointed William Kay as a non-executive director. Based in Jersey, Kay, a former director of Barclays Private Banking in London, works with local management to provide strategic guidance for the business in the Channel Islands and Isle of Man.

ABN AMRO Group NV's CEO, Gerrit Zalm, decided to step down next year before his term ends. The Dutch government appointed Zalm as CEO of ABN AMRO in 2009 to restructure and stabilise the newly nationalised bank following the merger of ABN and Fortis Netherlands. ABN AMRO said it had begun the succession process and will make further announcements in due course.

Robeco Institutional Asset Management, part of the Netherlands-based group Robeco, appointed Gilbert Van Hassel as its new CEO, replacing Leni Boeren who is leaving the company. Until 2013, he was global CEO of ING Investment Management. Van Hassel was also appointed chairman of the management board. 

Offshore law firm Bedell Cristin promoted advocates Jon Barclay and Richard Sharp to partners in Guernsey. Barclay practised as a barrister at a UK chambers and was admitted as an advocate in Guernsey in 2006. He specialises in international financial services litigation, with a focus on cross-border asset recovery, regulatory disputes, and fraud investigations. Sharp was admitted as an advocate in Guernsey in 2014. He specialises in advising on insurance, listings, and general corporate and commercial transactions.

The firm also promoted Kate Ovenden to managing partner in Guernsey. She became a partner of Bedell Cristin in 2010, having returned to Guernsey to join the firm in 2006. Previously, she spent 10 years working at law firm Withers. Advocate Mark Helyar, the former managing partner, remains with the firm in an of counsel role. He has led the Guernsey office since its launch.

UBS Asset Management appointed Pedro Coelho to the newly-created role of head of UBS exchange-traded funds in Spain. He previously spent a decade with NN Investment Partners, where he was senior client director for Iberia, Latin America and US offshore. Based in Madrid, Coelho will be responsible for business development for ETFs, helping to grow and strengthen client relationships in all key market segments – asset managers, pension funds, insurance companies, private banks, family offices and independent financial advisors.

Kempen Capital Management appointed Kornelis Buursma as business development director. He previously worked at NN Investment Partners, PGGM Investments and ING Real Estate Investment Management. He is responsible for the development and further growth of Kempen’s fiduciary asset management activities for institutional clients in the Netherlands.

Hamburg-headquartered Aquila Capital appointed to its advisory board Daniel Just, chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund. As part of the advisory board, Just provides advice on the company’s strategic orientation while helping to identify and evaluate new business areas.

Indosuez Wealth Management, which was rebranded at the start of the year from Credit Agricole Private Banking, appointed Paul de Leusse as CEO, replacing Christophe Gancel, who stepped down this summer. After joining Credit Agricole as director of group strategy in 2009, he was appointed chief financial officer of Credit Agricole CIB in 2011. He then became deputy CEO of Credit Agricole CIB in 2013.

Middle East, Africa

HSBC appointed Sandip Aggarwal to head up the investment counsellor team in the Dubai International Financial Centre, where HSBC’s Swiss private bank opened an office last year. In the bank’s client service teams, Nadim Abou Jalad joined from Barclays as senior relationship manager for the Middle East and North Africa, while Daniel Israel joined from UBS as senior relationship manager covering Israel.

Sean McCrum from HSBC’s operation in the Channel Islands was appointed relationship manager for South Africa.

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Asia-Pacific

The former chief executive of Pictet’s private banking operation in Singapore became head of private banking at ABN AMRO in the Asian city-state. Anuj Khanna, whose new role is head of private banking at ABN AMRO Singapore, left his previous role at Pictet in Singapore in October last year. Before joining Pictet in 2012, Khanna had been in Hong Kong for five years working for Credit Suisse’s private bank, holding roles such as head of private banking, North Asia, and chief operating officer for the Asia-Pacific region. Khanna took over from Chang Tze Lee, who left the bank.

Stephen Richards-Evans, global head, UHNW at Standard Chartered’s private bank, and market head, Indonesia, left the post. He was based in Singapore. The move was part of a series of changes put in place at Standard Chartered in the wake of the appointment in July of former senior Barclays manager Srinivas (Srini) Siripurapu as regional head, private banking, ASEAN and South Asia, and as global head, non-resident Indian clients. Siripurapu took over the regional leadership from Peter Kok, whose role was then combined within the former’s expanded remit.

Andrew Ho was also made managing director and market head, Indonesia, and Vishal Jain appointed as MD and market head, Global South Asia community (GSAC) Asia. Both report to Siripurapu.

Richards-Evans, who was appointed to his head of global UHNW role in October 2014, will be succeeded by Andrew Ho, who for 10 years was at UBS Wealth Management as country head for Indonesia. Prior to that, he worked at Citigroup's private bank.

Andy Cohen, who has been chief executive of JP Morgan's Asian private bank since 2010, took on the post of CEO for the international private bank (the global business but excluding the US). Pablo Garnica, who continues as EMEA private bank CEO, reports to Cohen; Chris Harvey, the Latin America private bank CEO, also reports to Cohen. From 2005 to 2010, Cohen was MD, regional head of Southern California at the bank, working in Los Angeles; from 2002 to 2004 he worked at JP Morgan (Suisse) in Geneva, as MD, global head of Turkey and Israel.

Credit Suisse hired former UBS head of ultra high net worth business in Japan to replace Masahide Ohashi as managing director and head of private banking for Japan. Tsuneaki Hirao is based in Tokyo and reports to Alex Wade, head of developed and emerging Asia private banking for Asia-Pacific, as well as Martin Keeble, chief executive, Japan. Hirao has 25 years of senior level private banking experience, of which ten were spent spearheading UBS’s wealth management office in Osaka, Japan. Prior to his UBS stint, Hirao was managing director, market head of Citi Private Bank in Tokyo.

A former private wealth manager at Goldman Sachs joined Lombard Odier in Singapore, focusing on the Southeast Asia market. Sandy Lim joined Lombard Odier Singapore as a senior relationship manager. Lim holds the title of executive director at Lombard Odier, Singapore and he will report to Vincent Magnenat, chief executive for Singapore and head of private banking, Asia.

HSBC Global Asset Management appointed Grace Tam as senior market specialist, based in Hong Kong. Tam reports to Alison Brown, director and head of sales, wholesale business. Tam focuses on supporting the retail distribution of HSBC funds in Hong Kong and China. Prior to this role, Tam worked at Credit Suisse Private Banking; she has also worked at JP Morgan Asset Management for over 10 years with her last position as executive director, global market strategist. She has more than 15 years of experience in the industry.

Japan-based Sumitomo Mitsui Trust Group appointed Yukihiro Murota as managing director of Sumitomo Mitsui Trust International in London, taking over from Hisaya Kambayashi, who returned to SuMi TRUST’s head office in Tokyo. Murota has responsibility for managing all aspects of SuMi TRUST’s global asset management business and driving growth in the EMEA region. He has been with SMTIL since April this year. Previously, he was associate general manager of the fiduciary business planning department at Sumitomo Mitsui Trust Bank, the parent company of SMTIL.  

Between 2005 and 2009, Murota was in charge of client portfolio management for public pensions clients for the bank. From 1996 to 2005 he was a portfolio manager of global bond funds at SMTB, and also gained experience as a strategist on world economy and markets.

Bank of Singapore’s Greater China team head, and a former member of parliament in Singapore, left the bank. Arthur Fong, who was serving out his notice period, was most recently managing director, team head, reporting to Oliver Tang, market head, Greater China. Fong has more than 25 years of banking experience, of which 23 years were spent in private banking. He has held roles at Citigroup Private Bank, Singapore and UBS, Singapore. He had also served three terms as an elected member of the Singapore Parliament from 2001 to 2015.

ABN AMRO appointed Ghislaine Nadaud as a senior sustainability advisor for its energy, commodities and transportation clients in Asia. Nadaud, who started her career in law, joined ABN AMRO in 2006 as legal counsel. Since 2011, she has specialised in sustainable banking, policy and risk management.

KKR named its new head of Greater China, taking effect from the start of next year and taking the reins from David Liu, who is leaving the firm. Yang, who is based out of Hong Kong, was president and chief executive of China Development Financial Corporation.

PIMCO appointed hired Steve Chiu as head of Hong Kong Retail, reporting to Michael Thompson, who is head of global wealth management for Asia ex-Japan and head of Singapore. PIMCO also hired Stacie Wang as head of China, global wealth management. Wang joined PIMCO in early August and is responsible for building partnership with intermediaries in China, with a strategic focus on private banks, retail banks, domestic asset managers, wealth management platforms, financial advisors and family offices.

In addition, existing Asia ex-Japan Global Wealth Management business team heads assumed dedicated channel responsibilities to systemically prospect and develop the opportunities. These included Todd Staley leading the family office sub-channel, Henry Chui on private banks for North Asia and Freida Tay on Singapore retail. Chiu most recently was VP of investment funds of Manulife Asset Management (Hong Kong). Prior to that, he held senior management roles in Bosera Asset Management (International), AIA Wealth
Management, Invesco Asset Management, HSBC Retail Banking and HSBC Asset Management.

Julius Baer reached into the world of the luxury goods sector to appoint a new marketing boss: Florence Rollet became new marketing head, replacing co-heads Nicole Chandrashekara and Marco Parroni. Rollet is based out of Zurich and reports to Boris Collardi, chief executive. Previously, Rollet worked at Tiffany & Co., where she was group vice president EMEA. Prior engagements include various senior management roles in the luxury and consumer goods industry, including LVMH Group, Coty and Reckitt Benckiser Group. Rollet is a member of the board of directors of Rémy Cointreau.

Going forward, Chandrashekara took on a new senior role within the bank. Parroni remained in the marketing department as head of global sponsoring as well as deputy to Rollet. Additionally, he will continue to drive selected key marketing projects with strategic importance for the bank, in collaboration with Collardi.

AXA Investment Managers set out details of AXA IM Chorus, its new 16-strong investment team in Hong Kong, focusing on liquid absolute return strategies. AXA IM first announced the team in April this year when Pierre-Emmanuel Juillard re-joined the firm, becoming managing director of AXA IM Chorus. Since then, it has hired Jérôme Brochard and Hector Chan as co-chief investment officers, Augustin Landier as head of research, Ahcène Garèche as senior quant researcher and Philippe Muller as chief technology development officer.

Brochard joined from Goldman Sachs where he was managing director in the equities division, in charge of the systematic trading strategies team. Chan joined from Goldman Sachs where he was managing director and head of Asia-Pacific FICC structuring. Before Goldman Sachs, he was responsible for the Asia-Pacific ex-Japan interest rate and foreign exchange structuring team at BNP Paribas.

Landier is a visiting professor of finance at Harvard Business School and will continue this role alongside his new position as head of research at AXA IM Chorus. He has taught at New York University and the University of Chicago, and was a resident scholar at the International Monetary Fund.

Garèche joined from Marshall Wace where he was a quantitative researcher for the hedge fund and Muller joined from adtech company Criteo where he was a senior engineering lead. Muller brings experience in software development and infrastructure, and has previously worked at Capital Fund Management.

Harvest Global Investments appointed Ashley Dale to the newly-created role of chief business development officer and chief marketing officer, covering Asia, the Americas, Europe and the Middle East. Dale previously spent seven years as chief marketing officer and head of international business development at Mirae Asset Global Investments. Before that, he held senior positions at CLSA, GLS Capital and SG Securities. Based in Hong Kong, Dale reports to chief executive, James Sun.

PricewaterhouseCoopers' Australia business recruited former ANZ chief executive Mike Smith, who left the lender last year, as a senior advisor to support its Asia practice.

Chubb Life, the global life insurance business, appointed Raymond Ting as chief agency officer and member of the executive committee of Chubb Life Insurance Company, its Hong Kong operation. Ting is responsible for all aspects of the agency channel and leads the agency management team. He reports to Allan Lam, country president of the company. With more than 30 years of experience in the life insurance industry in the US and Asia, Ting previously was chief executive of ACE Life in Thailand in 2010. Until 2006, he was the MD of MetLife in the US, heading up financial services for 30 years.

A former chief executive of Singapore-listed DBS, Jackson Tai, joined rival HSBC as an independent non-executive director. His appointment is initially for three years. A luminary of the Asian banking sector, Tai spent the first 25 years of his career as an investment banker at JP Morgan, latterly as chairman of the Asia-Pacific region. Between 1999 and 2007, he held senior positions at DBS Group. He joined DBS as chief financial officer, moving to become president and chief operating officer and, from 2002, vice-chairman and CEO. Tai continues to serve as a non-executive director of Eli Lilly and Company, MasterCard Incorporated, and Royal Philips NV, as well as a member of the Canada Pension Plan Investment Board. His previous non-executive roles include The Bank of China, Singapore Airlines, NYSE Euronext, ING Group NV, CapitaLand, SingTel and Jones Lang LaSalle. In the not-for-profit sector, Tai is a director of Metropolitan Opera and a trustee for Rensselaer Polytechnic Institute.

Emerging markets specialist GEMCORP Capital, which is headquartered from London, has a new advisory board, including figures from the banking and private client world.  

The chairman is Ken Costa, who served as chairman of Lazard International, the financial advisory and asset management firm, from 2007 to 2011. This followed a 30-year M&A career at UBS, where he was chairman of EMEA for UBS Investment Bank, vice-chairman and board member of the UBS investment banking board as well as global head of M&A.  

Tommy Helsby joined the board from Kroll, the corporate investigations and risk consulting firm, where he has been working for the past 35 years. Helsby is chairman of Kroll’s investigation and disputes practice and is responsible for the firm’s strategy and major client relationships worldwide. He has experience in emerging markets, especially Eastern Europe and Russia, the Middle East and Africa.

Igor Sagiryan was MD and head of private clients at CJSC “Sberbank CIB”, after serving as a co-head of investment banking at the bank. Sagiryan was president of Renaissance Capital from 1999 to 2009, and, prior to that, was founding partner and managing director at Bain-Link for eight years. Sam Bennett spent 35 years at BP, where for the last ten years he has been the company’s chief negotiator at its exploration and production division. Bennett has worked across most of BP’s upstream businesses, focusing on exploration access, dispute resolution, government negotiations and joint ventures, including commercial, political and country risk assessments in a large number of countries including the US, Central and South America, Russia, North and sub-Saharan Africa.

ZEDRA, the independent trust, corporate and fund services firm acquired from Barclays in January, appointed Robert Burchett-Coates to the newly created role of director of business development and sales. Burchett-Coates worked for more than 15 years in administration, investment management and corporate solutions markets. He operates from the firm's offices in London with a brief to grow business from ZEDRA's existing client base and new partnerships, particularly in Asia and Europe. Prior to this new role, Burchett-Coates was a director at Deutsche Bank in London, leading fund services sales in EMEA. He also worked at Man Group in a senior role, overseeing commercial management of fund administration services and related corporate solutions for funds.

Robeco Institutional Asset Management, part of the Netherlands-based group Robeco, which recently opened an office in Singapore, appointed a new chief executive. The CEO is Gilbert Van Hassel. He was also appointed chairman of the management board of Robeco. Van Hassel has over 30 years of experience in the financial services industry, mainly in asset and wealth management, working in Europe, Asia and the US. Until 2013 he was global CEO of ING Investment Management. Before joining ING in 2007 he made his career at JP Morgan in various executive roles in Europe, Asia and the US. In his new role he took over from Leni Boeren.

The Royal Institution of Chartered Surveyors, an institution involved in the standards around the global property market, appointed a new chairman in Hong Kong. Clement Lau serves for two years. He was previously vice chair of RICS' board in Hong Kong.

Fidelity International appointed Juliet Bullick from rival investment management giant BlackRock as global head of consultant relations. Bullick works with Fidelity International’s institutional teams across the globe. Her regional reach will include Asia. At BlackRock, Bullick worked for 18 years, holding a number of roles including that of head of UK institutional business. Bullick reports to Chuck McKenzie, who is global head of institutional, Fidelity International.

Patricia Enslow, the head of marketing for Asia-Pacific covering wealth management at UBS, left the firm. On an interim basis, Lorraine Yee, the current head of wealth management marketing for Greater China, stepped up as head of APAC. Yee reports directly to Nicholas Wright.

Bank J Safra Sarasin hired Samai Natarajanhas as an executive director to cover Southeast Asian markets, reporting to Tan How Seng, who is market head for Indonesia. Previously, Natarajanhas was a senior vice president at DBS, having joined the bank as result of the takeover of Societe Generale Private Banking in 2014. He had been at the French bank since 2010.

Bank J Safra Sarasin also hired Singh into its non-resident Indian team in Singapore. Singh, who was previously a team head at Bank of Singapore for six years, joined as an executive director, reporting to Hena Hoda, managing director and team head for Southeast Asia. Singh previously worked with Hoda at Bank of Singapore.

BlackRock launched an Asia-focused absolute return fund that takes long and short positions, targeting returns above what can be captured by more traditional approaches. The fund is called the (BSF) Asia Pacific Absolute Return Fund and is co-managed by Oisin Crawley, portfolio manager and co-head of research for the Asian equities team, and Andrew Swan, head of Asian equities at BlackRock. They are supported by a team in Hong Kong and Taiwan.

A former Indonesian desk head at UBS who left the Swiss bank in May resurfaced as team head of Southeast Asia at RBC Wealth Management. Duncan Ong joined the Canadian firm on 22 August. He is based out of Singapore. In his new role, Ong is executive director, team head. In this role he covers the Southeast Asia market, reporting to Tho Gea Hong, who is head of wealth management, Southeast Asia. Ong has a total of 18 years’ experience in the wealth sector.

Lyxor Asset Management, the fund house owned by Societe Generale, appointed Laurent Renaud as its chief executive in Japan. He replaced Toshiro Kubozono, who retired after nine years in the role.

Based in Tokyo, Renaud reports to Lionel Paquin, CEO, Lyxor Asset Management, and locally to Raphael Cheminat, group country head for Japan at Societe Generale.

Deutsche Bank’s wealth management arm appointed Johnny Lau, who previously worked at Standard Chartered, as a senior wealth planner. At Standard Chartered, Lau was a director for fiduciary services. He has also worked for HSBC Private Bank.

Bain & Company, which works in fields including wealth management and financial services, named Weiwen Han as managing director of its Greater China practice. He took the helm from Michael Thorneman, who was MD of Bain Greater China for eight years and returned to advise private equity and corporate clients in China on strategy. The change in Thorneman's role, the firm said, was part of its "servant leader" model in which partners regularly rotate into leadership roles and then back to full-time client work. Han is responsible for leading growth, operations, people and brand strategy for the firm’s offices in Shanghai, Beijing and Hong Kong. Most recently, Han was a partner in the firm’s private equity practice and a senior member of its digital, consumer products and retail practices. He is also actively engaged in Bain’s "Developing Market 100" initiative.

Citigroup appointed Bryan Murphy as the Asia-Pacific head of intermediaries client coverage for its direct custody and clearing business. He took over from George Hindmarsh, who moved to another role at the bank. Murphy is based in Hong Kong and responsible for the sales origination and relationship management for DCC clients in the region. He reports locally to Jeff Williams, Asia Pacific DCC head, and globally to Marcus Austin, global head of intermediaries, DCC at Citigroup.

Prior to this role, Murphy was based in Bangkok, where he served as securities services head for the ASEAN (ex Singapore) cluster for the past two and a half years. He has also had intermediaries coverage roles in both Asia and EMEA for the US banking group and held coverage end product roles for both Bank of New York Mellon and Deutsche prior to joining Citigroup.

Man Group, the listed hedge fund business, unveiled a new management line-up, including a new chief financial officer and investment head. Jonathan Sorrell’s role as Man Group’s president was developed to include a number of areas across the business and he stepped down as CFO and focused alongside Luke Ellis, chief executive, on strategic and commercial areas of the business.

Mark Jones, former co-CEO of Man GLG, was appointed CFO and executive director of Man Group. Sandy Rattray was appointed as chief investment officer, taking on responsibility for Man AHL, Man Numeric, Man GLG and Man Solutions. This was previously part of Ellis’s role while he served as president of the firm.

Robyn Grew was appointed to the newly-created position of chief administrative officer. Grew was previously Man Group’s general counsel and global head of legal and compliance.

Man Group also unveiled changes at its discretionary fund management business, Man GLG. Pierre-Henri Flamand was appointed as chief investment officer. He works alongside Teun Johnston, who remained CEO. Tim Wong, executive chairman of Man AHL and a member of the Man Group executive committee, became chairman of Man Group Asia. He took over the role from Pierre Lagrange, who focuses on Man GLG’s ELS strategy.

Andrew Lee, market head of Indonesia at HSBC Private Bank, left the firm. Lee, who was a managing director based out of Singapore, held the role from July 2009. Prior to this, he was market head, private wealth management for Malaysia and Thailand business at Deutsche Bank for 10 years. From 1985 to 1998, he was vice president, private banking, at Citi.

HSBC Private Bank appointed former Citi senior manager Chester Wong as head of investor counselling and David Ng, former head of HL Bank in Singapore, as head of ultra-high net worth investment counselling. The pair work in the private bank's investment services and product solutions group for Southeast Asia. Both roles were newly-created.

Wong leads a team of investment counsellors in supporting clients’ wealth management needs in the region, working with relationship managers to provide advice on investment portfolio construction and diversification. He reports to Kenneth Yeo, head of investment services and products group for Southeast Asia.

Ng, meanwhile, was most recently head of private banking at HL Bank Singapore and has held senior markets and investments roles in global financial institutions including UBS Wealth Management, Citigroup Private Bank and Banque Indoseuz Singapore.

Bank J Safra Sarasin hired Harpreet Singh into its non-resident Indian team in Singapore. Singh, who was previously a team head at Bank of Singapore for six years, joined as an executive director, reporting to Hena Hoda, managing director and team head for Southeast Asia. Singh previously worked with Hoda at Bank of Singapore.

Vanguard Australia, part of US-listed fund management giant Vanguard, appointed Ashley Warmbrand as head of legal and compliance, taking over from a predecessor who has moved to London. Warmbrand most recently served as head of risk and audit governance at National Australia Bank, where he held a range of senior legal and governance roles since joining in 2008. He has over 15 years' experience in the financial and professional services sectors including roles at Herbert Smith Freehills, Clarendon Lawyers and Centro Properties Group.

BNP Paribas Investment Partners appointed Christian Bucaro as its chief executive in Singapore, taking over from Puay-Lit Tan, who left to pursue other interests. Bucaro reports jointly to Ligia Torres, head of Asia-Pacific, and Tino Moorrees, head of Asia sales. As part of the role, Bucaro is also responsible for overseeing Singapore business interests, and driving local strategy across all client groups.  Bucaro joined BNP Paribas Investment Partners in 2005 in Italy, where he set up a retail business development team. In 2008, he moved to London, where he held several senior roles such as head of UK offshore business development and deputy head of global distributor relationships. He joined the Singapore office in 2012 as team head of distribution sales for Southeast Asia. He was appointed head of private wealth for BNP Paribas Investment Partners, Asia-Pacific in January 2014.

HSBC Private Bank appointed Roger Goetz as regional head of advisory and sales management for the Asia-Pacific region, joining from Credit Suisse. Goetz's role is an expanded role that encompasses responsibilities for sales management and advisory in Asia-Pacific. Based in Hong Kong, Goetz has 15 years of private banking experience. His career includes more than 10 years in multiple regional and global senior leadership roles at Credit Suisse Private Banking. Prior to joining HSBC, he was global head of digital relationship management strategy and experience at Credit Suisse Private Banking. He earned an executive MBA from the University of Chicago and a Master of Science from the University of Zurich.

Indosuez Wealth Management, which was rebranded at the start of the year from Crédit Agricole Private Banking, appointed Paul de Leusse as chief executive. He replaced Christophe Gancel, who stepped down earlier this summer. As CEO, de Leusse also joined the extended executive committee of Crédit Agricole. The firm said that de Leusse started his career in management consulting, first as a consultant (1997-2004) then as managing partner of Mercer Oliver Wyman (2004-2006). He subsequently joined the consultancy firm Bain & Company as partner (2006-2009).

DBS Group appointed Shee Tse Koon as its group head of strategy and planning. He joined from Standard Chartered, where he was most recently chief executive of the lender’s Indonesia franchise. Shee worked in banking in various roles for more than 22 years, working in Asia, the Middle East and the UK. A Singaporean, he spent the early years of his career in trade finance and corporate and institutional banking. Prior to his posting in Indonesia, he was head of governance (Europe, Middle East, Africa and Americas), based in the United Arab Emirates, as well as chief information officer and head of technology and operations for Standard Chartered in Singapore. Before this, he was the executive assistant to Standard Chartered’s group executive director for Africa and the Middle East, based in the UK.

Unigestion, the Switzerland-based asset management house, appointed Edouard Merette as non-executive chairman of its Asian business. Merette is based in Singapore and took over from Bill Foo, who was chairman for five years and stepped down. He remained on the board. Prior to this role, Merette was managing director, Asia-Pacific, for the Caisse de Depot et Placement du Quebec, the Canadian fund manager.

Falcon Private Bank, the Swiss-based firm owned by Abu Dhabi’s International Petroleum Investment Company and operating in Asia, recruited industry luminary Walter Berchtold as its new chief executive. He replaceed retiring CEO Eduardo Leemann. Berchtold, who has been on its board since May last year, took over at the start of October. Leemann remained at the bank as a senior advisor. Berchtold has more than 30 years of experience in the banking industry. He was named head of private banking of Credit Suisse in 2004. In 2011 he gave up the operational responsibility and continued to serve as chairman of the private banking division.

The Monetary Authority of Singapore appointed to its board Ong Ye Kung, acting minister for education and senior minister of state, Ministry of Defence. Ong’s term of appointment will be from 29 August 2016 to 31 May 2019. Prior to his government roles, Ong was director of group strategy at Keppel Corporation, overseeing long-term strategic planning of the firm's activities. Before this, he was deputy secretary-general of National Trades Union Congress. Lawrence Wong Shyun Tsai, minister for national development, stepped down from the board; he joined the MAS board in June 2011.

Julius Baer established a new chief investment officer position by hiring Bhaskar Laxminarayan. Based in Singapore, he also heads the Asia IM division. Laxminarayan has over 23 years of experience in multi-asset investing in Asia. He joined from Pictet Wealth Management where he was CIO as of 2007, responsible for investment strategy in Asia.

Singapore’s stock market got a new chairman in the person of Kwa Chong Seng, who took the helm from Chew Choon Seng. Chew retired after SGX's annual meeting. He joined the board in December 2004 and has been chairman since January 2011. Kwa, meanwhile, was elected to the board in September 2012. He was appointed lead independent director in December 2013, and has been the chairman of the nominating and governance and the remuneration and staff development committees since September 2013.

ASK Wealth Advisors, part of India-headquartered ASK Group, brought in four senior executives from the private banking division of Citibank in various positions. The joiners were Prakash Bulusu, Raghav Gupta, Vidushi Tandon and Amit Srivashtava. Bulusu has reportedly previously worked at Principal PNB Asset Management Company and Zurich Asset Management; Gupta joined Citibank in 2006 from Kotak Mahindra Bank to set up the private banking arm in North India. He has also worked at JM Morgan Stanley and ANZ Grindlays. Tandon, a vice president at Citi’s private bank, worked at Citi for six years; prior to this, he worked at the wealth management arm of HSBC. Srivashtava managed investments at Citi for around eight years and has worked previously for firms such as HDFC Bank, Barclays, IDBI Bank, and Kotak Mahindra Bank.