The roundup of who was moving around in the wealth management sector during November 2017.

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.

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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.

Up to Nov 15
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.

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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.

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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.