A summary of wealth management people moves in the Americas in March 2014.

TD Wealth brought in a five-strong team to strengthen its offerings in New Jersey, including a new market leader. Based in Mt Laurel, NJ, John Watson took charge as wealth market leader for the southern and coastal regions of the state.

He manages the team and leads the expansion of TD’s wealth management business in the area, offering private banking, lending, investment and trust solutions to clients.

Watson left Wells Fargo Private Bank after a 12-year stint, where he most recently served as wealth management advisor for the southern and coastal regions of New Jersey.

Angela Barone, James Beam, Adam Bracy, Jack Hall and Nick Rounds - the latter four all-moving from PNC Wealth Management in Moorestown, NJ – all joined Watson’s team.

Barone, who serves as an estate settlement manager, has been with TD wealth since 2006. Prior to this, she practiced law for 12 years in the trusts and estates field.

Beam became vice president, senior investment advisor, taking responsibility for managing client investment portfolios. He has been in the industry for 14 years, specializing in global portfolio management, investment strategy and derivative solution.

Both Bracy and Rounds took up the role of vice president, senior relationship manager. They will deliver TD wealth management products and services to its clientele. This will include financial planning, estate planning, retirement planning, private banking and investment management. This mirrors similar roles that they both held at PNC Bank. Rounding off the pack is industry veteran Hall, who serves as vice president, senior credit advisor.

New York-listed Signature Bank added three private client banking teams, bringing the total number of teams to 92.

Team one

Lucy Mazany is a group director and senior vice president, heading a four-person team that all joined from Valley National Bank (formerly State Bank). They are based in Jericho, Long Island, NY. The team has worked together for ten years.

Mazany has around 25 years of industry experience, having previously been a senior vice president and division manager for 12 years at her former firm, overseeing 15 Long Island branches. Earlier, she was a vice president and branch manager at European American Bank/Citibank.

Richard DeMartino, associate group director and vice president; June Alleyne, relationship manager; and Hillary Bogi, senior client associate, also joined Mazaby’s team.

DeMartino, a banking veteran with 38 years of experience, spent the past 11 years as vice president and branch sales manager at Valley National Bank in New Hyde Park, NY. Formerly, he was branch manager and vice president at European American Bank/Citibank in Long Island.

Alleyne’s banking career spans 35 years, having previously been a vice president and sales manager for 11 years at her former firm in Port Washington, NY. Prior, she spent 23 years at European American Bank/Citibank as an assistant branch manager.

Bogi was latterly a branch service manager in Farmingdale, NY, responsible for all operational aspects of the branch. For the majority of her career, she worked at JP Morgan Chase throughout the New York Metropolitan area in various positions including branch operations manager.

Team two

Meanwhile, Thomas Mooney was appointed as group director and senior vice president, leading a three–person team that has worked together for seven years. The team will be based in White Plains until its newest office in Greenwich, CT, opens later this year.

Mooney spent the past ten years at JP Morgan Chase, most recently as Northeast region recruiting manager. Previously, he was a district manager in Fairfield, CT, with oversight of all the branches in that county, serving affluent business and personal clients.

Richard Carr, associate group director and vice president on Mooney’s team, has 25 years of financial services expertise. He served for eight years as branch manager and vice president for JP Morgan Chase in Ridgefield, CT. He also was a financial advisor to affluent clients while formerly working for Bear Stearns.

Joseph Cambareri, with 12 years of banking experience, joined the team as relationship manager, focused on serving commercial clients and providing operational support. Previously, he held a number of banking roles including branch manager at JP Morgan Chase in Westport, CT, managing a team that delivered private client banking services.

Team three

Lastly, Andrew Corrado and Drew Crowley are both group directors and senior vice presidents, charged with jointly heading a five-person team in Melville, NY. The team has worked together for the past decade.

Corrado has been in the banking industry for 27 years, most recently as senior vice president, heading up the national professional services and private banking division at Capital One/North Fork Bank. His areas of specialty include middle-market businesses, attorneys, accountants and medical practices. Before his stint at Capital One, Corrado worked in the small business financial services division at JP Morgan Chase, and, earlier, he headed marketing and product management at European American Bank.

Crowley, a 34-year banking professional, spent the past 19 years at Capital One/North Fork Bank - latterly as senior vice president and Northeast market manager for professional services and private banking in Manhattan. He managed three teams of commercial and private bankers across New York City, Long Island and New Jersey. Prior, he was a commercial banking team leader at National Westminster Bank on Long Island.

Elizabeth Madigan and Anne Marie Immerso both joined the Corrado/Crowley team as associate group directors, also from Capital One/North Fork Bank. Both were latterly senior vice presidents and relationship managers in Melville, Long Island. Madigan and Immerso worked there for 15 and 10 years respectively.

Madigan, with more than 20 years in banking, formerly worked with a commercial banking group, and previously managed commercial branches in both Jericho and Woodbury. She has also held various roles at European American Bank.

Immerso has spent over 25 years in the banking arena, most recently as senior vice president at Capital One/North Fork Bank in Melville, managing commercial client relationships. Earlier, she was a commercial bank branch manager for the same institution in Massapequa and Massapequa Park. Prior to that, she too held various roles at European American Bank.

Lastly, Shya Chen was named as a senior client associate for Crowley and Corrado's team. She spent her entire 13-year banking career at Capital One Bank/North Fork Bank in Melville, as office manager for a national team, providing client and operational support.

Ziegler, the investment bank and brokerage firm, hired David Wickert as a financial advisor in Waukesha, WI.

Wickert previously served as an associate financial advisor at Augustine Financial and will be teaming up with Ziegler financial advisor and vice president, Mark Severson.

Diversified Trust, the Southeastern-based US wealth management firm, made four senior promotions to principal in Nashville, TN, Atlanta, GA, and Memphis, TN.

Selden Frisbee joined Diversified Trust in Nashville in 2012 and leads the team which provides oversight, planning and support for all operational functions firm-wide.

Prior to joining Diversified Trust, Frisbee was a managing director of corporate strategy at Charles Schwab, where he led strategy and corporate development initiatives for the advisor services division. His background also includes roles at Merrill Lynch, Fisher Investments and Accenture.

Jeff Howard, who joined the firm back in 2008, leads Diversified Trust’s portfolio management team. Prior to joining, he worked as an independent, fee-only, registered investment advisor and financial planner.

Meanwhile, Louis Jehl stepped into the firm’s Memphis office in 2011. His primary duties include client servicing and business development. He began his career in public accounting with Arthur Andersen and then spent around 20 years in financial and management roles at public and private companies.

Rounding off the promotions, Terry Stanford joined Diversified Trust in Memphis in 1999. He oversees corporate accounting, treasury and compliance functions, as well as the custody and portfolio administration of fund strategies. Stanford is also responsible for Diversified Trusts’s fund tax accounting and reporting.

Regions Bank appointed Paul Craft as area wealth executive for West Tennessee. Craft manages a 29-strong team from his office in Memphis.

He joined Regions in 2013, serving as a sales manager for the West Tennessee private wealth management group. Previously, Craft spent 12 years at First Tennessee as a private bank relationship manager.

New England Investment and Retirement Group appointed Patrick Sheppard as chief operating and compliance officer. Sheppard reports to president and founder Nick Giacoumakis, leading and managing all aspects of the company’s functions, including investment operations, compliance, marketing and administration.

Sheppard has over 25 years of experience in the investment industry.  Previously, he was chief operating officer at industry firms such as William Blair Investment Management, The Boston Company Asset Management and BNY Mellon Asset Management.  

US-based Affiliated Managers Group, a global asset management company, appointed Jeffrey Cerutti to the newly-created role of chief executive of AMG Funds, the firm’s US retail distribution business. Reporting to Andrew Dyson, AMG’s executive vice president and head of global distribution, Cerutti is based in Norwalk, CT.   

Cerutti joined AMG from Virtus Investment Partners, where he served as executive vice president and was responsible for the distribution of all investment products across all channels and platforms.

Previously, Cerutti served as managing director and head of national sales at UBS Global Asset Management.  There, he led the distribution efforts of UBS mutual funds, separately-managed accounts, and alternative investments within various retail channels.

Lebenthal Wealth Advisors, a private division of Lebenthal Holdings, brought in the Gallaway Stern Group in the shape of Carrie Gallaway and Andrew Stern, who joined as managing directors.

Gallaway, Stern and their team manage approximately $1.2 billion in high net worth individual and family assets. The group also includes Jimmy Janeczek, Leigh Moglia and Alexander Tuason - all of whom are vice presidents, wealth management.

Gallaway focuses on asset allocation and portfolio construction, while Stern specializes in investment management and providing guidance on asset allocation, portfolio construction, planning strategies and wealth transfer. Gallaway and Stern previously spent 15 and 17 years, respectively, at Morgan Stanley. 

Global alternative asset manager The Carlyle Group appointed Michael Cavanagh - formerly co-chief executive of the corporate and investment bank at JP Morgan Chase & Co - and Glenn Youngkin as co-presidents and co-chief operating officers, based in New York and Washington, DC, respectively.  

JP Morgan announced that Daniel Pinto, formerly CIB co-CEO alongside Cavanagh, was named as the sole CEO of the corporate and investment bank.

Youngkin is a 19-year Carlyle veteran and currently chief operating officer at the firm. The appointments are effective from this summer. The president role is a newly-created one and will involve Cavanagh and Youngkin helping to develop and implement Carlyle’s strategic growth initiatives and manage the firm’s global operations on a day-to-day basis.

Cavanagh also joined Carlyle’s executive group, whose members are: chairman Daniel D’Aniello; co-CEOs William Conway and David Rubenstein; COO Glenn Youngkin; chief financial officer Adena Friedman; and general counsel Jeffrey Ferguson.

US Bank Wealth Management named Sara Dorosti as a trust relationship manager in San Francisco, CA, and Alex Kramer as Milwaukee, WI, market leader - both for the Private Client Reserve, the firm’s high net worth unit.

Kramer was previously a wealth management advisor and managing director in Milwaukee and now leads a team of wealth management professionals providing investment management, private banking, trust and estate services and wealth planning to high net worth clients in the region. He reports to Michael Ott, president and central region president of the PCR.

Before joining the PCR, Kramer was a sales manager at Johnson Bank Wealth Management, where he led sales strategies and teams throughout Wisconsin and Arizona. He has also worked at Credit Suisse Securities and Harris Private Bank.

Meanwhile, Dorosti brought to the PCR experience in trust management, estate planning and contract negotiations. She was latterly an associate attorney with Pillsbury Winthrop Shaw and Pittman in Palo Alto, CA.

Bessemer Trust appointed Alfonso Baigorri as a managing director and regional director to lead the firm's Miami, FL, office. He will report to Michael Marquez, managing director and Florida region head.

Baigorri has more than 20 years of experience in the banking and legal fields. Bessemer said he has advised US and foreign ultra high net worth families, with a specific focus on tax and implementation of estate plans for families with both US and foreign assets.

Baigorri is formerly of JP Morgan Private Bank, where he was most recently a managing director in the Latin America wealth advisory practice. Prior to JP Morgan, he worked at the international, US-based law firm Buchanan Ingersoll & Rooney, having also spent time at Florida’s Katz Barron Squitero & Faust, and Banco Santander in Puerto Rico and Florida.

Raymond James brought in Peter Alberding and Warren Wright to establish and expand the firm’s offices in Boston, MA, and Washington, DC, as the firm looks to expand in the Northeast.

Alberding - latterly of UBS - was appointed as branch manager of what will be the first Raymond James & Associates retail office in Boston’s downtown financial district.

He started his stint at UBS as a financial advisor in 1997 with PaineWebber, later becoming a sales manager at the firm’s downtown Boston branch. Additionally, he spent three years working at the firm’s domestic wealth management business in Switzerland, and was also, for a period of time, chief operating officer of its Western US division in Chicago, IL.

Meanwhile, Wright was named as Mid-Atlantic complex manager, based in Washington, DC. Wright previously held a number of leadership roles at Morgan Stanley and its predecessor firm, Smith Barney, including branch manager and complex business development manager. Prior to joining Smith Barney in 2008, Wright spent 10 years at Merrill Lynch’s Washington branch, where he built an advisory practice and was also a sales manager.

Marc Spilker stepped down as president of New York-listed Apollo Global Management and as a member of the firm’s executive committee.

Spilker will stay on as a senior advisor to the firm for the remainder of 2014. He joined Apollo Global Management as president in December 2010 following his retirement from Goldman Sachs in May 2010, where he was co-head of the investment management division. Spilker was also a member of Goldman Sachs' firm-wide management committee.

Apollo’s executive committee continues to manage the firm, while the management committee of senior executives from the investment and infrastructure units assist in managing day-to-day operations.

(Members of Apollo’s executive committee include: Leon Black, chairman and chief executive; Josh Harris, senior managing director; and Marc Rowan, senior managing director.)

Global asset manager MFS Investment Management brought in Ignacio Fuenzalida from JP Morgan as director of sales for Chile.

Based in Santiago, Fuenzalida works with Chilean private banks, local brokerage firms, funds-of-funds, family offices and insurance companies.

Fuenzalida previously worked at JP Morgan Asset management, where he helped oversee the firm's distribution of mutual funds and served as a client advisor in Latin America. Prior to that, he was a portfolio manager and head of foreign equities and balanced portfolios at Cruz Del Sur AGF. Fuenzalida began his investment career in 2007 as a foreign equity analyst and trader at AFP Provida.

Family Office Association, the global forum for single family offices, hired Ryan Ansin as president, while also announcing details of its Spring Summit on April 9-10 in New York.

Ansin’s hire was part of FOA’s entrepreneurship and next-generation initiatives to “bring new voices to the investment table.” Reflecting this, the summit will focus on issues pertaining to multi-generational wealth holders and the notion that next gen individuals have different values and behaviors than the Baby Boomers generation - a highly talked-about topic in the wealth management arena at present.

Ansin is co-founder of Clarity Project, a program which supports primary education and adult literacy in diamond-mining communities such as Kono, Sierre Leone. He is also executive director of Every Person Has A Story (EPHAS) Productions, a non-profit organization that he founded to raise awareness and foster connections between people in developing countries and students in American schools through photographs. He aggregates these and his other non-profit and for-profit start-ups into a “For-Purpose” initiative.

Lyxor Asset Management, a subsidiary of Societe Generale, made two senior appointments in the US, naming Nathanaël Benzaken as chief executive and Lior Segev as deputy CEO, with effect from early August.

In his new role as CEO (US), Benzaken  is based in New York and reports to Lionel Paquin, CEO of Lyxor Asset Management.

Latterly deputy head of alternative investments (since July 2013), Benzaken also previously headed business development for managed accounts at the firm. He joined Lyxor Asset Management in March 2001 as head of the long/short equity desk.

Segev joined Societe Generale Asset Management in the US as chief legal counsel and chief compliance officer in March 2006 and became CLO and CCO at Lyxor AM in April 2008, following the merger of SG Asset Management into Lyxor.

In May 2011, he moved from being CCO to chief operating officer for Lyxor US – a role he retains alongside his new post. In October last year, he was appointed as interim CEO for Lyxor Inc. 

Carey Olsen, the offshore law firm, appointed Claire McConway as counsel within the British Virgin Islands practice. In this London-based role, McConway focuses on developing the firm’s Russian practice.

Prior to this, McConway was a corporate lawyer for nine years at international UK and US firms in London. She was a specialist in advice on cross-border mergers and acquisitions, joint ventures, private equity and equity capital markets work.

Previously, she spent four years with an offshore law firm in Bermuda, Moscow and London, where she managed the Moscow office.

McConway has a strong background in corporate and finance transactions involving Russia and the CIS, which often utilize BVI companies.

HighTower recruited Amit Dogra as director of East Coast relationship management, charged with providing practice management and business consulting services to the firm’s financial advisor teams.

Dogra was most recently a practice management consultant and leader of the wealth management and advisory knowledge group at North Highland Company. Before that, he held senior posts at Graystone Wealth Management & Private Bank, BNY Mellon Wealth Management, Brinker Capital and SEI.

Hot on the heels of a raft of hires in 2014, US Bank appointed John Campbell as a wealth planner at its high net worth Private Client Reserve, in Chicago, IL.

Campbell has over 25 years of experience in the financial services industry, having previously worked in a similar role at Oppenheimer & Co.

He was also previously director of advanced planning and regional vice president at AXA Equitable, and spent time at Merrill Lynch Global Private Client Group as a vice president of wealth structuring and an insurance specialist.

Philadelphia, PA-headquartered Janney Montgomery Scott, the wealth management firm and investment bank, appointed Martin Lutschaunig as senior vice president of wealth management in Yardley, PA.

Patricia Coluccio, a senior registered private client assistant, joined Lutschaunig, who joined from Merrill Lynch.

Before Merrill, where he worked for 21 years, Lutschaunig worked as a controller for a national real estate development and management company. Earlier, he worked at Deloitte and Touche as a senior accountant.

Manulife Asset Management hired Michael Evans as managing director and portfolio specialist, focused on the firm's US equity teams, based in Boston, MA.

Evans reports to Jeffrey Santerre, senior managing director and global head of the portfolio specialist team.
He has around 20 years of investment industry experience, having spent ten years at Evercore Asset Management as a senior equity research analyst. In that role, he concentrated on small- and mid-cap care investment portfolios for institutional clients.

Prior to that, he worked for Gray Capital Management as a fixed income analyst/assistant portfolio manager.

Employee-owned wealth management firm Baird welcomed a new director and branch manager at its San Francisco, CA, office, where the firm now has an 11-strong team.

Francis Roche is latterly of RBC, where he held leadership positions including group head of corporate services, and complex manager of San Francisco and the Northern California market.

Roche previously held branch management posts at the former PaineWebber/Kidder Peabody and Prudential Securities.

Alan Lebowitz joined Evercore Trust Company as a senior advisor in Washington, DC. With detailed experience in ERISA fiduciary law and policy, Lebowitz provides guidance on policy and regulatory issues impacting clients.

Lebowitz recently retired from the Department of Labor after 34 years, where he was deputy assistant secretary of program operations for the Employee Benefits Security Administration. In that role, he oversaw EBSA's regulatory, enforcement and reporting activities. He also served as acting assistant secretary of labor for EBSA during several presidential transition periods and in other instances.

Prior to joining the Department of Labor, Lebowitz worked in the employee plans area of the Internal Revenue Service, ending his stint there as chief of the prohibited transactions staff.

KPMG International, the “Big Four” accountancy firm, said that the election of John Veihmeyer as global chairman has been ratified by its global council. He was the unanimous choice of the firm’s global board on February 27; he assumed the role immediately.

Veihmeyer served as chairman and CEO of KPMG's firm in the US since 2010 and will continue in those roles as global chairman. He will continue to be based in New York.

He has previously held other leadership roles at KPMG, including as a member of KPMG's global executive team; chairman of the Americas region; deputy US chairman; managing partner of KPMG's Washington, DC, operations; and global head of risk management and regulatory.

Deutsche Asset & Wealth Management appointed Jon Mallon as a director and regional executive, and hired David Rosenthal as a managing director and client advisor, in Greenwich, CT.

Mallon, with around 20 years of industry experience, was most recently a branch manager at UBS Wealth Management in Santa Rosa, CA. Previously, he worked in wealth management at Morgan Stanley and Lehman Brothers.

Rosenthal was latterly head of the institutional advisory group at Fieldpoint Private in Greenwich, having worked at Morgan Stanley Graystone as an institutional consulting director before that.

Advisors David Huffman and Aimee Boggs linked up to form the Boggs Huffman Wealth Management Group of Raymond James & Associates in Ponte Vedra Beach, FL.

Huffman and Boggs, with 31 years of combined industry experience, joined Raymond James from Morgan Stanley, where they previously managed more than $180 million in client assets and had around $1.3 million in annual fees and commissions.

Huffman began his career as an investment representative at Edward Jones in 2001 and then served as a vice president and branch manager for AG Edwards between 2004 and 2007. He joined Morgan Stanley in 2007 as a vice president of wealth management and branch manager, until 2013.

Boggs, senior vice president of investments, started her financial services career as a CPA with Ernst and Whinney. Prior to joining Raymond James, she was a vice president of wealth management at Citigroup Global Markets from 1996 to 2009, and then moved to Morgan Stanley between 2009 and 2013 as first vice president of wealth management. 

State Street appointed Suresh Krishnamurthy and Cesar Estrada as senior executives to its Alternatives Investment Solutions private equity fund services team in North America.

Senior managing directors Krishnamurthy and Estrada lead teams serving alternative funds of funds, limited partner, direct and hybrid structures.

Krishnamurthy joined State Street in 2003 and became head of the private equity and real estate funds of funds and limited partner services in North America. He will continue and expand existing client relationships while implementing a global FoF and LP administration and analytics services model.

In February, Estrada joined State Street as head of private equity, directs and hybrids for North America.  Estrada will be responsible for managing and expanding existing client relationships, while also defining, implementing and promoting the direct and hybrid operating models globally.

Estrada joined State Street from JP Morgan, where he worked for more than 20 years and has served as a managing director and head of private equity fund services product. 

Windham Brannon, an Atlanta, GA-headquartered provider of tax, audit, accounting and advisory services, announced a new leadership team for its high net worth practice.

Windham Brannon's Barbara Coats and Courtnay Bazemore now serve as co-heads for this area.  Coats and Bazemore succeeded Jim Underwood, who retired in January this year.

Coats was with Windham Brannon for 22 years, most recently as principal for tax compliance and planning. She specializes in tax planning for high net worth individuals and businesses; financial and retirement planning; income tax planning, preparation and agency examination; inbound and outbound international investment. She also covers industry market segments, including manufacturing, technology, real estate, mining and construction.

Bazemore has more than 20 years of experience in individual tax compliance and planning, estate planning, family partnerships, trusts and estates.  She also advises individuals in the areas of executive compensation and philanthropic strategies.

Bazemore has been with the firm since 2003, having served as a principal at Tarpley & Underwood, an accounting firm that merged with Windham Brannon in 2011.

She currently serves on the board for the Atlanta Estate Planning Council and is on the Planned Giving Advisory Board for the Community Foundation for Greater Atlanta.

RBC Wealth Management announced that Mary Sumners, who has held a top role in Asia for the Canada-headquartered firm, was appointed as head of International Wealth-USA.  This role was a replacement for Mary Zimmer, who is on a temporary sabbatical. She will not return to the role when she returns.

Sumners is responsible for the growth and delivery of wealth management products, services and will advise high net worth clients.

Since 1988, Sumners has worked for RBC in various trading and management roles, gaining experience in fixed income, research, emerging markets, retail brokerage and private banking. Previously, Sumners was head of investments-Asia for RBC Wealth Management. She focused on broadening the company’s presence in Asia.

Andrew Turczyniak, who has been the head of Asia at RBC Wealth Management in Hong Kong, China, left the firm.

Royal Bank of Canada, the Toronto-listed bank, said regional heads at the wealth management firm would, going forward, report into Barend Janssens, who is head of RBC Wealth Management Emerging Markets.

The change in reporting was designed to get teams closer to the market.

Citi Private Bank recruited Adam Gross from JP Morgan in New York as managing director and head of ultra high net worth capital market client coverage for North America.

In this newly-created role, Gross reports to Steve Bodurtha, head of investments for North America.

Additionally, Citi also added John-Paul Tomassetti to the team as a director, reporting to Gross.

In his role, Gross partners with Citi’s private bankers and investment counselors, as well as product teams within the firm’s institutional clients group, to “initiate and close idea-driven market business for sophisticated markets-oriented clients.”

Gross will also work with Citi Private Bank's managed investments team, the chief investment office and Citi Research.

Gross previously spent around 20 years at JP Morgan, most recently as managing director and head of US prospecting and marketing for the global investment opportunities group, of which he was a founder while working as an equity syndicate specialist.

He also held roles as the GIO group’s head of US investors and as a senior investor for the Northeast region. He started his career at JP Morgan as an associate in the investment bank and later as a credit specialist within the capital advisory unit.

Tomassetti, meanwhile, joined from Barclays Wealth Americas (now Barclays Wealth & Investment Management) in New York, where he was a director and investment representative. In that role, he was involved with devising and implementing business development strategies.

Before joining Barclays in 2010, Tomassetti worked for six years at JP Morgan Private Bank as an investment advisor in the GIO group. Previously, he worked at Miller Tabak Roberts in high yield and emerging markets sales, having also spent time on the high-grade corporate bond desk at Solomon Smith Barney. 

BNY Mellon Wealth Management made two new business development senior directors for its Ohio and California offices.

The firm hired Kevin Afnan to the newly-created role of senior director for business development in its Cleveland and Columbus offices, leaving his role as regional vice president of sales with RS Investments.

Prior to BNY Mellon, his 18-year career included a stint as a financial advisor with Key Investment Services.
On the other side of the US, Kristofer Reddaway, who was executive managing director and a founding partner of Newport Beach-based Capstone Financial Group, will oversee the California branch in his new role.

He also worked with Prudential Financial as a managing director, where he headed wealth management and financial solutions teams across the South-Western US and Bay Area markets.

Raymond James & Associates, the employee broker/dealer subsidiary of Raymond James, appointed Tom Walrond as chief operating officer and senior vice president, in St Petersburg, FL.

Tom Galvin, who was promoted to North Atlantic regional director and senior vice president, replaced him. His responsibilities will encompass continued support of the coastal region within RJA’s Eastern division, which includes Florida and several Northeastern states.

Walrond began his financial services career in 1988 and spent eight years as a financial advisor at Wheat First Butcher Singer in Philadelphia. He joined Raymond James in 1998 as a branch manager and eight years later was promoted to manager of the North Atlantic complex.

Following the firm’s 2012 acquisition of Morgan Keegan, he was promoted to North Atlantic regional director, overseeing 35 branches and 133 advisors.

Galvin spent his entire career with Raymond James, joining the company as an intern in 1997 and becoming a trainee financial advisor in 1998. He took over the Jacksonville branch office in 2001 and was promoted to complex manager in 2006. He was promoted to regional director in the spring of 2012.

Morgan Stanley appointed Lisa Cregan as Mid-Atlantic regional director for Morgan Stanley Wealth Management, based in Washington DC, and reporting to Richard Skae, North East division director.
Cregan succeeded Drew Hawkins, who was recently named head of the new global sports and entertainment group at Morgan Stanley Wealth Management.

Cregan previously served as a complex manager in Houston, TX, where she was named one of Houston’s “50 Most Influential Women” in 2011 by Houston Woman Magazine. Prior to joining Morgan Stanley in 2010, she spent 27 years at UBS and a predecessor firm, Paine Webber.

RBC Wealth Management (US) named Kevin Fairs as head of New York private banking and transnational strategy, as the firm hones in on the high net worth and ultra high net worth client segments in the US and globally.

Fairs is based in New York City and reports to Julian Stienstra, managing director of US and international private banking at RBC Wealth Management – US.

Working as part of RBC’s US and international private banking team, Fairs will focus on business development at the firm's New York private banking arm, while recruiting “globally-minded” private bankers.

Fairs joined RBC in December 2011 as director of strategy for global trust in the UK and the US, and was subsequently appointed as head of sales strategy and client experience.

Prior to joining RBC, Fairs held a senior role at Scotiabank, where he was in charge of recruiting and developing wealth management teams at the firm’s North American retail advisory and private client group. He has also worked at Lloyds Bank and Santander.

Seattle, Mercer Island-based Northwest Asset Management, a registered investment advisor that offers wealth management services, brought investment industry veteran Carlos Obando into the firm.

Prior to joining Northwest Asset Management, Obando managed the strategic allocation strategy for institutions and high new worth clients at UBS Financial Services in Seattle, Washington. Before that, he was a vice president of wealth management and a senior portfolio manager with Smith Barney.

Raymond James Financial Services appointed Luke Kuchenberg and Tyson Ray - operating as FORM Wealth - in Lake Geneva, WI.

FORM, an independent firm, joined Raymond James from Wells Fargo Advisors, where the team managed $220 million and had fees and commissions in excess of $2.5 million. FORM is an acronym for family, occupation, recreation and mission.

Kuchenberg started his financial services career in 1998 and then in 2001 joined Ray at A G Edwards, which later became Wachovia and, most recently, Wells Fargo Advisors.

Ray, co-founder of FORM and a financial planner, began his career in financial services 16 years ago after graduating from the University of West Florida with a degree in business, psychology and political science.

Cantor Fitzgerald Wealth Partners, the New York-based international financial services firm, named two new financial advisors.

Jeff Schulte and Jim Hiles joined the affiliate of Cantor Fitzgerald & Co to serve the private wealth market, reporting to Stan Gregor, president and chief exeucitve of Cantor Fitzgerald Wealth Partners.

Schulte was previously a senior financial consultant for high net worth clients at Mariner Wealth Advisors, and co-founded eMoney Advisors and investment advisory firm Wharton Business Group.

Hiles latterly worked as a senior wealth advisor at Mariner Wealth Advisors and held a senior role at CBIZ Wealth Management.

Matthews Asia, the US-based Asia-only investment specialist, appointed Andy Rothman as an investment strategist in San Francisco, CA.

Rothman conducts research focused on China’s on-going economic and political developments, while also acting as a spokesperson for the firm on China and playing a key role in the delivery of its thought leadership initiatives related to investing in Asia.

Rothman previously spent 14 years as a China macroeconomic strategist at Crédit Lyonnais Securities Asia, having spent the 17 years prior to that in the US Foreign Service. He also served as head of the macroeconomics and domestic policy office of the US Embassy in Beijing.

Cushman & Wakefield, the privately-held commercial real estate services firm, appointed a former top US police officer as its president of risk management services.

The company named Raymond Kelly, former Commissioner of the New York City Police Department, to the role.

Kelly, the longest serving Commissioner in NYPD history, is described by the firm as overseeing a sharp cut in crime during his tenure as Police Commissioner, including a 40 per cent decrease in violent crimes over the past 12 years. 

Cushman & Wakefield’s newly-formed RMS group will offer clients tailored solutions to manage and mitigate risks around the world.  Kelly focuses on helping clients identify potential vulnerabilities and prepare for and manage risk across a number of critical areas.  These include physical and cyber security intelligence, crisis management, due diligence/site selection and emergency preparedness.

In addition to twice serving as the New York City Police Commissioner, Kelly’s career in public service includes directing the International Police Force in Haiti, serving as a Vice President of Interpol from 1996-2000, Commissioner of the US Customs Service, Undersecretary of Enforcement at the US Treasury Department. Commissioner Kelly retired as a Colonel in 1993 after 30 years of service from the United States Marine Corps Reserves, including serving a combat tour in Vietnam. 

New York-headquartered Tiedemann Wealth Management appointed David Coulter, vice chairman at Warburg Pincus, as a member of the firm’s investment committee.

Coulter advises the firm on investment strategies, allocation and manager selection. He joined Warburg Pincus in November 2005 and currently serves as vice chairman, managing director and a member of the firm’s executive management group.

From 2000 to 2005, he worked at JP Morgan Chase in roles including vice chairman and member of the office of the chairman. From 2000 to 2002, he was responsible for the firm’s consumer and middle market divisions, as well as its asset management and private banking activities. From 2003 to 2005, he oversaw the global investment banking, capital markets and private equity businesses.

Prior to his tenure at JP Morgan Chase, Coulter was president, chief executive and chairman of the board of BankAmerica Corporation from 1995 to 1998, while his career at the firm spanned from 1976 to 1998.

Raymond James & Associates, the traditional employee broker-dealer of Raymond James, hired Gene Marx, senior vice president of investments, and Catherine Hunter, financial advisor, in Charlotte, NC.

Marx and Hunter operate as Marx Wealth Management and joined Raymond James from UBS Financial Services, where they managed more than $227 million in client assets and had $1.9 million in annual revenue.

A 23-year wealth management industry veteran, Marx has expertise in areas including risk management, investments, retirement planning and estate planning. He worked at Smith Barney for 14 years and most recently worked at UBS Financial Services, where he served as a financial advisor for eight and a half years.

Hunter has been in the industry for more than 17 years and specializes in financial, retirement and estate planning, income strategy and college funding matters. Prior to joining Raymond James, she worked at Smith Barney as a registered marketing associate and later joined UBS Financial Services as an investment associate.

Raymond James & Associates appointed Kyle Gearhart as a senior vice president of investments, based in Cincinnati, OH. Gearhart joined from Merrill Lynch, where he managed over $300 million in client assets and had more than $2.2 million in annual fees and commissions.

Shadia Haddad, client relationship manager; Alexandra Eichler, financial advisor; Bill Anderson, senior client service associate; and Karen Musselman, senior registered associate, accompanied him.

Atlantic Trust, the US private wealth management division of New York-listed CIBC, hired Charles Fowler as a vice president in Newport Beach, CA.

The firm said Newport Beach is its fastest-growing office, home to six relationship and portfolio management, client service and business development professionals. The office had more than $1.6 billion in assets under management as of December 31, 2013.

Fowler works on building relationships with high net worth clients while also strengthening associations with intermediaries in the Southern California region.

Fowler was previously a vice president in the private client group of Altegris Investments, where he developed new business, advised HNW individuals and families on alternative investment strategies.

Prior to joining Altegris, he worked as a financial consultant at Charles Schwab & Co and began his investment career as a consultant with A G Edwards & Sons. 

Christoph Schaer - formerly managing director for ultra high net worth clients at UBS in Brazil - joined Uruguay-headquartered wealth management firm Biscayne Capital in Zurich.

Schaer has 15 years of experience working in the private banking industry in Switzerland and Brazil and has been named as a managing director of Biscayne Capital (Switzerland).

In his former role at UBS, he also served as a member of the regional management committee. Before his stint at UBS, Schaer worked at Credit Suisse in Brazil, where for six years he represented Credit Suisse Group companies’ vis-à-vis the Brazilian Central Bank. Earlier still, he held positions at JFE Hottinger & Co and worked for four years at Goldman, Sachs & Co.

The addition of Christoph Schaer brings the total number of financial advisors at Biscayne Capital to 41.

Raymond James & Associates, the traditional employee broker/dealer of New York-listed Raymond James Financial, appointed Kyle Gearhart as a senior vice president of investments, based in Cincinnati, OH.

Gearhart joined Raymond James from Merrill Lynch, where he managed over $300 million in client assets and had more than $2.2 million in annual fees and commissions.

Accompanying him in his new role is: Shadia Haddad, client relationship manager; Alexandra Eichler, financial advisor; Bill Anderson, senior client service associate; and Karen Musselman, senior registered associate.

Gearhart began his financial services career with PNC Bank (Central Trust at the time) as an analyst before joining Merrill Lynch in 1994, where he worked for 19 years prior to joining Raymond James.

Haddad has been in the financial services industry for six years and is a former financial advisor and commercial lender.

Eichler is a financial advisor and candidate in Raymond James’ Advisor Mastery Program, a program designed to train new financial advisors. She worked in fundraising before joining Gearhart’s practice at Merrill Lynch.

Anderson began his career in the financial services industry after serving in the military. He retired from Merrill Lynch after 44 years to become a senior associate with Gearhart’s practice.

Musselman, meanwhile, has been working in financial services for more than 30 years.  

Following on from what has so far been a busy year for US Bank Wealth Management, the firm hired Tom Zebroski as a vice president of wealth management advisor at its Private Client Reserve in Bellevue, WA.

US Bank said Zebroski has detailed knowledge of personal financial planning and wealth management, having formerly been a vice president and financial consultant for Charles Schwab & Co.

In his former role, he advised clients on a range of financial matters including risk management, investments, tax strategy, federal and state estate planning. He also led portfolio construction and investment management.

Previously, he was a financial advisor with Wells Fargo Advisors in Seattle and worked for 10 years at Microsoft.

UK-headquartered Vestra Wealth appointed Stephen Rafferty as business development director for the Channel Islands, based in the firm’s Jersey subsidiary, Vestra Wealth (Jersey).

He is responsible for developing relationships with fiduciary companies and high net worth individuals.

Rafferty’s previous career, spanning more than 30 years in the banking sector, has seen him work at firms such as AIB and more recently Bank Leumi in Jersey.

In recent years, he has concentrated on business development activities, particularly with local and overseas intermediaries and professionals.

Toronto-Based Sprott Asset Management named John Wilson as its new chief executive, taking over from Eric Sprott, who will continue to serve as chairman and chief investment officer and senior portfolio manager.

Wilson joined Sprott Asset Management in January 2012 with over 25 years of investment and business experience. Previously, he was CIO at Cumberland Private Wealth Management.

Prior to that, he: founded DDX Capital Partners, an alternative investment management firm; was managing director and a technology analyst at RBC Capital Markets; and a director at UBS Canada.

Sprott currently operates through five business units: Sprott Asset Management; Sprott Private Wealth; Sprott Consulting; Sprott Resource Lending; and Sprott US Holdings.

Silvercrest Asset Management brought in Marshall Acuff and Palmer Garson as managing directors to enhance the firm's presence in Virginia.

Acuff and Garson, who together have 60 years of investment management and wealthy advisory experience, will serve ultra high net worth families and institutional investors.

Specifically, they previously worked with private clients, family offices, foundations, endowments and other institutional investors. They are both latterly of Cary Street Partners.

Acuff will be a member of Silvercrest's investment policy and strategy committee. His investment management career includes the establishment of AMA Investment Counsel in Richmond, VA, and, before that, more than three decades at Smith Barney, where he served as a senior member of the investment policy committee.

Garson's 25-year career in financial services began in investment banking and private equity before entering the wealth management space. She co-founded Jefferson Capital Partners, a private equity firm, and also worked at Morgan Stanley & Co, AG Edwards and Mellon Bank.

The independent broker-dealer Raymond James Financial Services recruited Paul Allen and David Schadel, who operate as Wealth Strategies Partners in Brentwood, TN.

The team joined RJFS from Wiley Bros-Aintree Capital, where they managed over $200 million in client assets and had annual fees and commissions in excess of $1.4 million.

Allen has more than 18 years of experience in the financial services industry and specializes in wealth management for high net worth clients.

He began his career as a financial advisor at Prudential Securities and later joined Wiley Bros-Aintree Capital as a vice president of investments.

Schadel joined Allen’s practice in September 2010 as a financial advisor at Wiley Bros-Aintree Capital, having previously served as branch manager and senior credit manager at Wells Fargo.

Meanwhile, Heather Beckwith joined Allen and Schadel, a client services manager. Beckwith spent the past eight years at Raymond James’ corporate headquarters, working in various roles including compliance advisor, supervisor of a fee-based platform and transition consultant.

US Bank Wealth Management appointed Roger Redmond as a vice president and senior portfolio manager for its high net worth Private Client Reserve unit in Denver, CO.

Redmond previously worked at Marquette Asset Management in Minneapolis, MN, where he was a senior vice president of investments. Before that, he was a vice president and senior investment manager at Wells Fargo Private Bank, also in Minneapolis.

Overall, he has 30 years of experience in the financial services industry, with particular expertise in macroeconomics, global markets, mergers and acquisitions and corporate finance.

Dynasty Financial Partners added the newly-formed Cable Hill Partners – comprised of individuals who are latterly of Merrill Lynch - to its wealth management and technology platform as an independent RIA.

Financial advisors and founding partners David Christian, Jeffrey Krum and Brian Hefele; registered senior client associates Kendra Biller and Amanda Peters; and client service associate Melissa Rennie all joined Cable Hill Partners from the Portland, OR, office of Merrill Lynch.

The three advisors collectively advise on some $700 million in client assets.

Christian, managing director, began his career in the financial services industry with Merrill Lynch in 1998. He is a leader of the financial planning effort at Cable Hill Partners and also sits on the investment committee.

Krum has over 30 years of investment industry experience and leads the investment committee. Prior to co-founding the firm, he spent the duration of his career thus far at Merrill Lynch.

Meanwhile, Hefele has over 19 years of experience advising and managing client relationships and investment portfolios at Merrill.

Biller, a relationship manager, has been in the investment advisory and management industry for over 15 years, the last 13 of which he spent at Merrill.

Peters, also a relationship manager, has over ten years of experience working with wealth management clients. She has a leadership role in the firm's client service execution.

Lastly, Rennie, a client service associate, is responsible for supporting the Cable Hill Partners advisors and overseeing/managing various administrative functions for the firm.

Withers Consulting Group expanded its US team with the addition of David Burleigh as a consultant in Cincinnati, OH.

Burleigh has nearly 20 years of experience advising families and their enterprises. He has worked in the areas of succession planning and strategic business planning, represented numerous families and family businesses in dispute resolution, and assisted families in relation to their philanthropic activities. He continues his legal practice while also serving a separate group of consulting clients.

International firm BTG Pactual appointed José Antonio Blanco – latterly head of Citibank’s Lima office - as general manager for Peru.

Blanco will lead BTG Pactual’s growth strategy in Peru, where the bank currently provides investment banking, asset management, wealth management and sales and trading services. Blanco worked at Citibank del Peru for 20 years and was general manager for the past three years.

The move comes after the bank launched a broker-dealer business in Mexico last month, with the intention of offering asset and wealth management services in the country at a later stage. The firm already has a presence in Brazil, Chile and Colombia.

A new executive vice president was appointed at Capital G Bank’s wealth management division in Bermuda, as the firm plans to grow its international footprint.

At the firm, a subsidiary of Clarien Group, Paul Finn takes responsibility for its wealth management arm, furthering its capabilities for private clients, families, family offices and senior advisors in Bermuda and worldwide.

In this newly-created role, he reports to Zoran Fotak, co-chief executive of Capital G Bank.

As well as growing its global coverage, Finn will be involved in the recruitment, mentoring and development of wealth management talent.

Finn ends his spell as an independent wealth advisor for multi-generational and global families to join the firm.

He previously served as the managing director and division head of international wealth management at BNY Mellon for 12 years, developing the business in Asia, Latin America, Europe and the Middle East. As well as this, he has held senior positions at Coutts & Co and JP Morgan.

New York-listed Goldman Sachs added Peter Oppenheimer – chief financial officer at Apple - as an independent director of the firm, effective immediately.

Oppenheimer’s appointment expands Goldman's board to 13 directors, 10 of whom are independent directors. Oppenheimer will be a member of the firm’s audit, risk, compensation and corporate governance, nominating and public responsibilities committees.

Oppenheimer is senior vice president and CFO of Apple, the designer and manufacturer of electronic devices and related software services. Before being named CFO of Apple, he was senior vice president and corporate controller between 2002 and 2004. From 1996 to 2002, he served first as senior director of finance and controller for the Americas, followed by stints as vice president and controller of worldwide sales and then vice president and corporate controller.

Prior to joining Apple, Oppenheimer was a divisional CFO at Automatic Data Processing, a provider of human capital management and computing solutions. Earlier still, he was a consultant within the information technology practice at Coopers & Lybrand.

BNY Mellon appointed Frank La Salla as chief executive of its alternative investment services business, taking over from Samir Pandiri, who has held the role over the last two years.

La Salla was most recently managing director at Pershing, responsible for all the firm’s business outside of US. In his new post, he will be based in New York and oversee a team of some 2,000 AIS professionals globally.

Before BNY Mellon's acquisition of Pershing in 2003, La Salla was president and chief operating officer of BNY Clearing Services. Prior to that, he was managing director and COO at Societe Generale Securities in the US.

Alongside his new role, he remains on the board of Pershing in the UK and continue to represent BNY Mellon on the board of directors of Euroclear PLC and Euroclear SA.

Based in New York, Wylie leads and develops the firm’s North American distribution and client servicing business, reporting to Helena Morrissey, chief executive of Newton Investment Management.
UK-based Waverton Investment Management named Andrew Vaughan-Payne as US sales director, while the firm flags the US as a “target market.”

Based in London, Vaughan-Payne works with the global portfolio management team to develop opportunities for private clients, trusts, charities and specialist mandates in the US.

Vaughan-Payne joins Waverton from Lazard in London, where he was director of US equities and covered UK and European clients. He spent 16 years in institutional equity sales at firms including Smith Barney and Morgan Stanley.

Turner Investments, the Berwyn, PA-headquartered, employee-owned investment firm, hired Peter Niedland as a global equity analyst on its growth equity investment team.

Niedland conducts fundamental analysis of consumer sector companies in all capitalization ranges to generate investment ideas for the firm’s growth, global/international, and long/short separately managed accounts and mutual funds.

He has 21 years of investment experience as an analyst and portfolio manager, focused on small-cap growth and micro-cap growth investing. He previously worked at Emerald Advisers, NS Investment Partners and Pilgrim Baxter. 

Rothstein Kass recruited Kevin Goldstein as a director within the business advisory services practice at its New York City office.

With more than two decades of experience developing strategic planning, business development and technology solutions for financial institutions, Goldstein advises clients - including hedge funds, funds of funds, mutual funds, private equity managers, broker-dealers, RIAs and family offices - on matters such as business strategy, product development, infrastructure and technology.

Prior to joining Rothstein Kass, Goldstein was co-founder and chief executive of Auxia Partners, a provider of virtual and cloud technology solutions primarily to alternative investments firms.

Previously, he was a partner and global head of strategy and business development for technology consulting firm NorthPoint Solutions, where he developed and managed the financial services practice, with a focus on alternative asset managers. Goldstein also held a senior position in institutional fixed income sales and trading at Citicorp Securities.