May was a busy month for moves, including a continued trend of former senior financial regulators moving to compliance roles in banks, for example.

Ashcourt Rowan appointed Kevin Norman to the newly-created
role of head of middle office for its asset management business.

Norman joined Ashcourt Rowan
from Rathbones, where he held the position of head of London middle office.

Barclays Wealth and Investment Management appointed Finlay MacDonald as a vice
president within its charities and segregated funds team for Scotland.

MacDonald previously held the role of investment manager at
both Glasgow Investment Managers and Ignis Asset Management.

Canaccord Genuity Wealth Management (latterly known as
Collins Stewart Wealth Management) appointed Chris Colclough as head of
portfolio management, based in Guernsey. Colclough
joined the firm in 2009 as a senior investment manager in its wealth management
division.

Cofunds appointed Rose St Louis as key account manager. St Louis joined Cofunds
from Praemium, where she held the positions of relationship manager and
implementation manager.

Coutts appointed Sarah Wyse to the newly-created role of
managing director, head of marketing and UK business development. Wyse
reports to Michael Morley, chief executive, and Ian Ewart, head of products,
services and marketing.

Nutmeg appointed Lee Cowles as its new managing director. Cowles
joined from creative publishing company Blurb, where he was managing director
for Europe.

Ashcourt Rowan appointed Steven Midgley to the newly-created
role of business director for Ashcourt Rowan Financial Planning. Midgley
provides business and operational support for the management of the financial
planning business and its national development.

Royal Bank of Scotland  appointed former Financial Services
Authority managing director Jon Pain to
the newly-created role of group head of conduct and regulatory affairs. Pain oversees
conduct and compliance across all RBS divisions and manages strategic
leadership of the Group’s relationships with regulators. He reports to group
chief executive, Stephen Hester. His appointment takes effect from August.

Brooks Macdonald International appointed Richard Hughes as
head of business development and Chris Donoghue as senior business development
manager, as part of its new business development team in Jersey.
Hughes joined BMI from global financial services firm, Vistra, where he served
as business development director for three years. Donoghue joined BMI from HSBC
Private Bank, where he was head of the investment group for Jersey.

BlackRock appointed
Daniel Whitestone as a director to the BlackRock UK small/mid cap equities team.
Whitestone joined from UBS where he was head of the UK small/mid cap sales desk.

Lloyds TSB Private
Banking appointed Sarah Deaves to the newly-created role of investment advice
and private clients director for wealth. Deaves heads the investment advice and
private client team and reports to managing director of wealth Russell Galley. She
joined from Royal Bank of Scotland,
where she was managing director of private banking and advice.

Morgan Stanley Investment Management appointed Pepijn Heins as head of
Benelux sales, based in London.
Heins joined Morgan Stanley from Eaton Vance, where he was head of business
development for Europe. He reports to Richard
Lockwood, head of northern European distribution for Morgan Stanley Investment
Management.

Legal & General Investment Management appointed Emiel
van den Heiligenberg as head of asset allocation, based in London. Heilingenberg replaced David North,
LGMI’s previous head of asset allocation.  

Rothschild appointed
Charles Costa Duarte and Jake van Beever to its UK
wealth management business, to create a new client advisor team, based in London. Both Duarte and Beever joined
from Rothschild from Lloyds TSB Private Bank, where they advised ultra high net
worth clients.

T Rowe Price appointed Arif Husain as head of international
fixed income. He succeeds Ian Kelson, who will remain at the firm but pare back
his management responsibilities.

UK
law firm Burgess Salmon promoted
Suzanna Harvey as a partner. Harvey
joined Beatrice Puoti and John Barnett as the third partner in the firm’s international
tax and trusts team.

Newton Investment Management appointed Khuram Sharih to the
newly-created role of high yield analyst in its global fixed income team. Sharih
joined Newton from Cairn Capital, where he was a senior credit analyst working
with portfolio managers to devise investment strategies for long biased UCITS
funds, high yield credit funds, and CLOs.

Brooks Macdonald International appointed Rod Sallis as an
investment advisor in its Guernsey office. Sallis
joined from SG Hambros, where he served as a fund analyst for two and a half
years.

UK-listed M&G
Investments appointed Andrius Isciukas to the newly-created role of fixed
income analyst, within its retail fixed interest team. Isciukas was formerly a
global high yield analyst at HSBC Asset Management, before which he served as a
real estate portfolio analyst at UBS Global Asset Management.

JP Morgan Private Bank appointed executive director Andrew
Kennedy as a private banker for its UK
team, reporting to Olivier de Givenchy, head of JP Morgan Private Bank in the UK.

Brewin Dolphin appointed Rob Burgeman and Peter Long as the
new heads of its London
office, taking over from Stephen Ford and Rupert Tyler. Burgeman has been at
Brewin Dolphin since 2007, before which he served at Savory Milln. Long joined
Brewin Dolphin in 1995, having served for the previous nine years at Kleinwort
Benson, within its private client and charity divisions.

Legal and General Property 
appointed Chris Hunt to the newly-created role of senior asset manager to
support its property unit trust, reporting to LGP fund manager Matt Jarvis. Hunt
joined LGP from Cushman & Wakefield, where he served as an associate
partner within the business space investment team since 2005.

Bedell Trust appointed William McGilivray as a director in
its London
office. McGilivary was formerly a vice president at Northern Trust, where he
was responsible for wealth management in the Middle East and UK. In his new
role, McGilivray will be responsible for new business opportunities
across the group's international locations.

Barclays appointed
Richard Hilton as director and head of business development for its employee
benefits division. Based in London
and reporting to Paul Wilson, Hilton oversees the development of the firm’s
solutions in the employee benefits arena.

ML Capital appointed Dr Dermot Smurfit as chairman of the ML
Capital group of companies. He has held similar senior positions of deputy chairman
of Jefferson Smurfit Group, non-executive chairman of Peach Holdings,
non-executive director of ACE and chairman of Anker and of Pankaboard Oy. 

Jupiter promoted Mike Buhl-Nielsen to lead manager of the
Jupiter Europa Sicav fund. Buhl-Nielsen took over the present deputy manager
Stephen Pearson, who is also the firm’s deputy chief investment officer.

SandAire appointed Michael Lindemann as director, wealth
management, having previously worked at Julius Baer. Mr Lindemann has a decade
of private banking experience. His previous experience includes four years as a
journalist with the Financial
Times and several years at N
M Rothschild and at Dresdner Kleinwort Wasserstein.

Miton Group, appointed Piers Harrison as director of operations
and risk management. He joined from Neptune Investment Management, where he was
deputy finance director and head of operational risk.

Marsh UK appointed
Richard Moxon as leader of its UK
private client services division, reporting to Adrian Saunders. Moxon joined
Marsh in 2009 as a senior client manager in the private client services team.
Before that, he served at Zurich as an appraisal
manager for private clients across Europe.

Invesco Perpetual named William Lam and Tony Roberts as fund
managers for the Invesco Perpetual Pacific Fund and the Invesco Pacific Equity
Fund. Lam oversees the Asian equity portion of the funds while Roberts manages
the Japanese equity portion.

Rothschild Wealth Management appointed Tracy Collins as a
director in its charities team, with effect from July. Based in London, Collins will report to Nandu Patel, head of
charities for Rothschild’s UK
wealth management business.

Cofunds announced that its chief executive, Martin Davis, stepped
down following the completion of the firm's acquisition by Legal & General.
He has been replaced by the head of strategic opportunities in L&G's
savings unit, Chris Last, subject to Financial Conduct Authority approval.

Canaccord Genuity Wealth Management appointed Richard Burden
as business development manager. Based in the Isle of Man, he will focus
specifically on the Middle East and work with
key intermediaries and introducers in the region, promoting the firm’s wealth
and fund management services.

Saffery Champness
appointed Alistair Hunt as a partner, based in the firm’s Peterborough office. He joined from RSM
Tenon, where he was partner and headed up the East
Midlands accounts and audit department, overseeing almost 100
staff.

Morningstar UK,
promoted Daniel Needham to the roles of global chief investment officer of
Morningstar Investment Management, and managing director of Morningstar
Investment Management Europe. Reporting to president of Morningstar Investment
Management, Thomas Idzorek, Needham oversees the
firm's investment management and consulting operations in Europe.

Geneva-headquartered Lombard
Odier Investment Managers has
appointed Carolina Minio-Paluello as deputy chief investment officer. Based in London, Minio-Paluello
will help build on the firm’s risk-based approach to portfolio construction for
institutional clients. She will report to the firm's chief investment officer,
Jan Straatman. Minio-Paluello joined from Citigroup, where she was head of
Europe, the Middle East and Africa for equity
and private investor solutions. Prior to this she spent 11 years with Goldman
Sachs, including nine at Goldman Sachs Asset Management, and was most recently
managing director for its quantitative investment strategies segment.

Reto Francioni was elected onto the UBS board of directors for
the first time. Meanwhile, Wolfgang Mayrhuber has left the UBS board of
directors, after deciding not to stand for re-election earlier this year.

Aviva Investors appointed Adeline Diab as head of
integration for its global responsible investment team based in London. Diab has over a
decade’s experience working in capital markets to shape sustainability and
governance strategies. She joined from APG Asset Management in the Netherlands,
where she was responsible for embedding ESG into the investment process across
asset classes.

EMEA Capital appointed former UBS manager Can Uran as managing partner and chief
investment officer. In his previous role, Uran was global co-head of emerging
markets trading for three years, responsible for all credit, rates and foreign
exchange products in Latin America, Central/Eastern Europe, Middle East, Africa
and Asia.

Lloyds Banking Group recruited Matthew Elderfield as group
director of conduct and compliance. He oversees the development of the group’s
conduct strategy, and oversees all compliance and conduct risk activities.

AXA Investment Managers appointed Garry Murdoch as global
head of compliance, reporting to global head of risks and controls Christian
Gissler. Murdoch oversees the coordination of the compliance teams
internationally, working in close association with the firm’s legal and risk
management departments.

Heartwood Investment Management, appointed Nick Hendy to the
newly-created role

of intermediary client director. Hendy joined Heartwood from
Aviva Investors, where he was latterly an investment sales manager.

Barclays appointed
Marc Hakim as director for its wealth and investment management division in the
Middle East and North Africa. Hakim is
responsible for developing and servicing high and ultra high net clients in the
region. Hakim joined from Swiss private bank Julius Baer, where he was
executive director for the Middle East region.

North America

New
York-listed Kohlberg Kravis Roberts & Co, the global investment
firm, hired former Central Intelligence Agency director David Petraeus
as chairman of the newly-created KKR Global Institute.

The firm has, in recent years, increased engagement on macroeconomic
and geopolitical considerations, as well as on environmental, social and
governance issues.

“The KKR Global Institute will be the nexus of KKR’s focus on the
investment implications of these issues,” it said. The new venture will
also build on efforts to help KKR’s portfolio companies expand globally.

Petraeus, a retired four-star general, will work with a team at KKR
and alongside Ken Mehlman, global head of public affairs, and Henry
McVey, global head of macro and asset allocation. Additionally, Petraeus
will support KKR’s investment teams in the diligence process,
particularly when considering investments in new geographies.

JP Morgan Private Bank hired John Elmes - latterly of GenSpring
Family Offices - as a managing director and senior business advisor in
New York.

Reporting to David Wezdenko, chief operating officer of the firm’s US
private bank, Elmes will focus on the client and advisor experience.

Elmes has 25 years of industry experience and most recently served as
an operating committee member and head of investments at GenSpring
Family Offices.

BNY Mellon Wealth Management hired Catherine Irby Arnold as senior director in Seattle, WA.

In her newly-created role, Arnold will focus on business development
for what the firm believes are two key growth areas for the region:
middle-market mergers and acquisitions planning for businesses, and
trust services for multigenerational family wealth. She reports to
regional director James Barnyak.

Prior to joining BNY Mellon Wealth Management, Arnold was a team
leader for the northwest region and a private client advisor at The
Private Bank of Union Bank in Seattle. She previously served as national
sales and marketing manager of the managed asset group at McDonald
Investments/Key Bank.

The Private Client Reserve of US Bank hired Sally Vega as a trust
officer in Milwaukee, WI, working with high net worth individuals,
families and charitable organizations.

Vega joined the PCR from The PrivateBank, where as a trust officer
she advised affluent business executives, individuals and families about
trusts, based in Milwaukee.

She has around 16 years of experience in the financial services
industry and has also worked at Waukesha State Bank as a senior trust
administrator.

Raymond James & Associates, the broker/dealer business of New
York-listed Raymond James Financial, brought in Edward Tills from Morgan
Stanley as first vice president of investments in Rochester, NY.

Tills started his career in the financial services industry in 1981
at Bank of America Merrill Lynch in Rochester. He was later affiliated
with Dean Witter, Shearson Lehman, Smith Barney, Citigroup and Morgan
Stanley, as the firms merged or were acquired.

Kimberly Lawrence Hanga, a senior registered sales assistant with
some 18 years of industry experience, joined Tills in Rochester. Hanga
spent the last five years working with Tills at Morgan Stanley.

BNY Mellon Wealth Management hired Bill Jarry as director for
business development, focused on ultra high net worth clients in the
greater Boston, MA, region.

Jarry was formerly a financial advisor at Bernstein Global Wealth
Management since 2010 and previously served for 11 years as a managing
director at Provident Corporate Finance. In his newly-created role at
BNY Mellon, he reports to managing director Fred Young.

Meanwhile, BNY Mellon Wealth Management appointed Shei Unger to the
newly-created role of director for the Texas region. Based in Dallas, he
reports to David Emmes, president of western US markets. 

Unger was latterly president of the boutique advisory firm Unger
& Co Commercial Capital in Dallas, TX, where he also served as head
of operations strategy.

Merrill Lynch bolstered its private wealth management team in Midtown
Manhattan with the hire of former Credit Suisse advisor Vishal Bakshi.

Bakshi joined as a managing director and private wealth advisor. In
his new role he will focus on ultra high net worth clients and
foundations with an average value of $30 million.

Bakshi had been with Credit Suisse for over a decade, managing a
reported $1.83 billion in assets and producing $5 million in annual
revenue. His new team at Merrill includes senior financial analyst Jayne
Finst, financial analyst David Greene and client associate Alex Plum.

Baird, the employee-owned firm, added Paul Donnelly as a director and
financial advisor in its Chicago wealth management office.

Donnelly joined the firm from William Blair & Company, where he
had worked as an investment counselor in the investment management
division since 2006. He has been in the industry since 1987, when he
started out at Arthur Andersen’s tax practice.

First National Bank Pennsylvania made two hires for its wealth
management and private banking divisions, in a move furthering the
firm's expansion plans in Maryland.

The firm appointed Michael DeRosa as vice president and financial
advisor for its wealth management division and Donna Logan as vice
president for private banking.

DeRosa has nearly 20 years of wealth management experience, most
recently serving as wealth manager for Wilmington Trust, formerly
M&T Bank, in Bethesda, MD.

Logan has more than a decade of private banking and business
development experience and most recently she served in a similar role
with Sandy Spring Bank in Annapolis, MD. Jacob Biltz, a financial
consultant with FNB affiliate First National Investment Services, also
joined FNB’s wealth management team in Maryland.

PaulaHogan, the Milwaukee, WI-based fee-only financial advisory firm,
appointed Steve White as managing director within its management team.

White joined PaulaHogan from JP Morgan Private Banking, where he was
an executive director at the Milwaukee office and part of the national
wealth advisory team.

Before joining JP Morgan, White practiced law for 15 years, most
recently at Quarles and Brady as an equity partner and member of its
estate planning group.

In his new role, White will be responsible for the management and
strategic direction of the firm, as well as his duties covering direct
advisory work with clients.

KeyBank, the US-based financial services firm, appointed Scott Harris
as a vice president and relationship manager for the firm’s New York
district.

Harris joined KeyBank from Sagemark Consulting/Lincoln Financial,
where he served as a wealth planning advisor. He is FINRA series six and
63 securities registered and holds life, accident and health licenses
in multiple states.

JP Morgan Chase appointed Barry Sommers as chief executive of its consumer bank, which includes Chase Wealth Management.

Sommers was latterly head of Chase Wealth Management, which includes
the Chase Private Client segment, in a role he held since 2010.

He took over as head of consumer bank from Ryan McInerney, who left
the firm after eight years to become president of VISA. He was head of
the consumer bank since 2009.

There will be a short transition period during which McInerney will
stay on and work with Sommers, and Sommers will continue to report to
Gordon Smith, CEO of consumer and community banking, in his new role.

PNC Wealth Management, the wealth arm of Pittsburgh-based PNC
Financial Services Group, expanded its wealth management team in
Alabama.

The team will be headed by PNC Wealth Management director Felix Tankersly.

The team includes: Harvey Hutchinson, vice president and senior
wealth planner; Dean Johnson, vice president and senior trust advisor;
Bob Ireland, vice president and senior relationship manager; Maggie
Tanner, vice president and senior banking advisor; Guillermo Araoz,
senior vice president and senior investment advisor; Jeremy Burns, vice
president and channel development advisor; and Heather Baker, vice
president and relationship manager.

Lyxor Asset Management, a wholly-owned subsidiary of Societe
Generale, appointed Frank Frecentese to its New York office as the
deputy head of hedge fund research, in a move furthering the firm's
expansion plans.

Frecentese joined from Citi Private Bank, where he was managing director and global head of hedge fund investments.

Prior to joining Citigroup, he was an executive director at Morgan
Stanley, where he was the head of alternatives research for Graystone
Research, part of the Morgan Stanley group.

Jane Fraser, who has been chief executive of Citigroup’s private bank
for the past four years, was replaced by Mark Mason as Fraser took up
the post as new head of the US bank’s mortgage business.

The current CitiMortgage CEO, Sanjiv Das, plans to leave the bank to
“pursue other opportunities,” according to the wording of an internal
memo. The move was announced by Citigroup CEO Michael Corbat.

Das took over Citigroup's mortgage business at the height of the
financial crisis in 2008. He will remain at the bank for a few months to
assist on mortgage issues related to the government.

Mason, who took on the top job at private banking, has been CEO of
Citi Holdings. In turn, Francesco Vanni d'Archirafi, who leads
Citigroup's transaction services business, took over as CEO of Citi
Holdings, the division that holds all non-core assets that Citi is
winding down or selling.

California-based Fremont Bank appointed Oscar Harrison as vice president of wealth management services.

Harrison, who has 14 years of experience in the financial sector, has
held a number of positions at firms including Merrill Lynch, Morgan
Stanley and Banc of America Investments.

As well as leading the bank's team of wealth management advisors, in
his new role, Harrison will be responsible for the development of a full
spectrum of products and services that will be available to banking
clients.

RBC Wealth Management added financial advisor Patrick Tobin to its Pittsburgh, PA, office.

Tobin, who joined from Morgan Stanley Smith Barney, has around $65
million in assets under management and has been in the industry for 25
years. He was appointed first vice president as well as senior portfolio
manager-portfolio focus.

National Financial Partners, which provides insurance and wealth
management services, appointed a new chief executive in the shape of
Douglas Hammond.

Hammond, who until his appointment was the firm’s president and chief operating officer, replaced Jessica Bibliowicz.

Hammond has served as COO since 2008, and was named president in 2012. He joined the firm in 1999.

Bibliowicz announced her intention to step down as CEO in April 2012,
having served in the role since April 1999. She has also been chairman
since June 2003.

HighTower, the advisor-owned firm, expanded its partnership
development team with two hires, along with completing a round of
financing for growth.

Thomas Brown and Frank Epinger joined the firm as executive directors
and relationship managers for the East and West coasts respectively.

Brown, who is based in New York, co-founded Black Valley Consulting, a
coaching and consulting firm for advisors. Before that, he was a branch
manager of a legacy Smith Barney office, and has also served as head of
national recruiting for UBS.

Epinger, meanwhile, spent the last 13 years working for Morgan
Stanley Smith Barney, most recently as a complex manager in Pasadena,
CA, overseeing eight offices.

Peapack-Gladstone Bank opened a private banking office in Princeton, NJ, in an expansion of its wealth management business.

As part of its move into the region, the bank hired Sean Murray from
Wilmington Trust. At Wilmington, Murray ran wealth advisory services in
the New Jersey market, as market executive. He will lead
Peapack-Gladstone’s team in the area as senior managing director and
market president.

He was joined in his move to Peapack-Gladstone by Gene McCarthy, who
was appointed lead senior managing director, commercial banking.
McCarthy was most recently team leader of real estate and commercial
banking of the Princeton office of M&T Bank/Wilmington Trust.

Gerald Buffalino and Jennifer Ohlweiler also joined the bank as
senior managing directors, commercial banking. Buffalino was previously a
vice president and senior relationship manager at M&T/Wilmington
Trust, while Ohlweiler was a commercial banker at M&T Bank.

The duo will work with McCarthy to develop the commercial banking and
wealth management business lines, as well as the client service model.

In other hires, the bank appointed Delia Bass-Dandridge as senior
managing director, wealth. Dandridge is a former vice president and
senior private client advisor at Wilmington Trust. She will focus on
growing the bank’s relationship banking and wealth management business.

Catherine Fedor, Haley Overington and Catina Hood completed the new Princeton team of private bankers.

Fedor joined as a managing director, private banking, having latterly
worked at Wachovia Bank. Overington and Hood joined as private bankers,
specializing in deposits, and both previously worked at M&T Bank.

UBS appointed Sylvia Coutinho as chief executive of UBS Group Brazil,
effective when current CEO Lywal Salles retires on June 24.

Coutinho was previously head of retail banking and wealth management
for Latin America and asset management for the Americas at HSBC. She has
also worked in a number of other senior Americas-based roles at that
firm - primarily in wealth management, private banking and asset
management.

In her new role - which UBS said makes her the first woman to serve
as CEO of a Brazilian business for an international bank - Coutinho will
oversee the delivery of resources to the firm’s private, corporate and
institutional clients. This includes UBS Brasil Corretora, which before
the Swiss firm bought it in February of this year was called Link
Investimentos - one of Brazil’s largest brokerage firms.

Philadelphia, PA-headquartered Janney Montgomery Scott appointed
industry veteran Randall Renneisen as an executive vice president of
wealth management in Greenville, DE.

Renneisen, who oversees about $195 million in client assets, was
joined by vice president of wealth management Robert Fischer and
registered private client assistant Susan McDermott. Together they form
The Renneisen Group.

Renneisen spent the previous four years at Morgan Stanley and prior
to that was at Citigroup Global Markets between 2006 and 2009. He worked
at Legg Mason from 1988 until 2006, having started his financial
services career in 1984 at Renneisen, Renneisen & Redfield.

First Mid-Illinois Bank & Trust hired Brad Rench as senior vice
president and regional president, succeeding Gordon Smith who is
retiring later this year.

Smith, who became senior vice president and regional president for
the Metro East region in 2001, will remain part of the team, focusing on
business development for the firm.

In his new role, Rench will manage the banking operations of the
Metro East market, responsible for growing business lines including
commercial and personal banking, trust and wealth management, and
insurance. Rench joined from First Clover Leaf Bank in Edwardsville, IL,
where he served as executive vice president and chief operations
officer.    

Canada-based CIBC Global Asset Management made two senior
appointments, including a chief investment officer, to strengthen its
portfolio management team.

Suzann Pennington was appointed managing director and CIO, while
Stephen Carlin started as a vice president and senior portfolio manager
for Canadian equities. 

Pennington will oversee all of CGAM’s portfolio management and
research efforts, but will remain as head of equities and continue to
manage the Canadian all-cap mandate.

Carlin has over 22 years of experience in equity investment
management and joined CIBC from Aegon Capital Management, where he was a
senior vice president and head of equities.

Wellesley, MA-based Weston Financial, a division of Washington Trust
Wealth Management, appointed Lorraine Chong as director of research.

Chong joined Weston Financial from a local registered investment
advisor, where she served as a portfolio manager. She also spent over a
decade at Fidelity Investments as a senior analyst and team leader.

Webster Private Bank hired Yves Cochez as senior vice president and
chief investment strategist, based in Stamford, CT. The CIS role is
newly-created.

At Webster, Cochez will head up the portfolio management team and set
the overall direction of investment management for high net worth
clients.

He was most recently a partner and chief investment officer at GBS
Finance, having previously held a number of senior investment positions
at Deutsche Bank Private Wealth Management.

Sterne, Agee & Leach, a privately-owned investment banking and
brokerage firm, appointed Walter Robinson as president and chief
operating officer.

Robinson retired from Scott & Stringfellow/BB&T Capital
Markets in March 2012. There, he served in many roles including chief
operating officer, president of the private client group, and president
and chief executive.

Robertson’s role will be heavily focused on strategic growth and the
development of Sterne, Agee & Leach, which is the largest subsidiary
of Sterne Agee Group. His role is a new one at the subsidiary.

The US Internal Revenue Service boss, Steven Miller, was forced to
step down amid a scandal of how IRS officials selectively screened
non-profit groups for political reasons.

Miller, the acting IRS commissioner, resigned due to anger as to why
the agency used terms such as “tea party,” for example, to subject some
groups’ applications for tax-exempt status to tougher scrutiny.

UK-based equity manager Martin Currie named Ranjit Sufi as country head for its US office.

Sufi joined the firm's New York office as executive vice president of
sales and client service, charged with leading business development in
the US and Canada. 

Previously, Sufi worked as managing director at Tradewinds Global
Investors, an affiliate of Nuveen Investments. Before that, he worked
for nine years at Nicholas Applegate Capital Management, where he led
the global sales team and was a member of the company’s executive
committee.

BNY Mellon Wealth Management brought in Debralee Nelson from JP
Morgan Chase as a senior director to serve ultra high net worth clients
in the New York region.

Nelson was formerly a managing director and senior banker at JP
Morgan Private Bank, responsible for relationship management between
2009 and April of this year. Before that, she served as a managing
director and senior business development officer at Bessemer Trust and
US Trust.

UBS Wealth Management Americas added The Parker-Harrigan Group -
latterly of Bank of America Merrill Lynch - to its office in Fort
Lauderdale, FL. 

The Parker-Harrigan Group is led by advisors Robert Harrigan and
Scott Parker, who were part of Merrill’s ultra high net worth private
banking and investment group.

Harrigan and Parker managed about $545 million in client assets with
their team at Merrill and had a T-12 production of about $4.2 million.

Baird appointed two financial advisor teams, with a combined $800
million in assets under management, in Nashville, TN, and Edina, MN.

In Nashville, The Liles Group has about $585 million in AuM and
consists of: Malcolm Liles, director and financial advisor; William
Liles, financial advisor; and Sherri Minunno, client relationship
assistant.

Meanwhile, further north in Edina, The Brennan Group manages about
$215 million in assets and is made up of: Gerald Brennan, director and
financial advisor; Jim Seidel, financial advisor; and Lynn Kittelson,
registered client relationship associate.

Manulife Asset Management hired an emerging markets debt portfolio
management team in the shape of Roberto Sanchez-Dahl and Paolo Valle,
who joined the firm as managing directors and senior portfolio managers.

As members of the firm’s fixed income team, Sanchez-Dahl and Valle
will manage an emerging markets debt strategy for institutional clients
and certain wealth management businesses of Manulife Financial and John
Hancock.

Reporting to Christopher Conkey, global chief investment officer, the
pair will also support other global debt strategies investing in
emerging market debt.

Sanchez-Dahl joined from Federated Investment Management Company,
where he has served as an emerging markets senior portfolio manager and
investment analyst.

Valle was formerly an emerging markets senior portfolio manager at
Federated Investment Management Company, where he served as vice
president. He spent from 2001 to 2004 as chief investment officer at
Ramirez Asset Management in New York City, and has also worked at
Merrill Lynch Investment Management in Princeton, NJ. 

New York-based Lenox Advisors appointed Dave Schrohe as executive
vice president of private wealth management and Lenox Wealth Advisors. 

Schrohe was latterly chief operating officer of wealth management
solutions at UBS. Before that, he served as head of Morgan Stanley Smith
Barney’s corporate client group.

Schrohe spent 16 years at MSSB and its predecessors, leading the
corporate and institutional client businesses. He also oversaw efforts
to deliver MSSB’s wealth management services to employees and executives
of its corporate and institutional clients. 

BNY Mellon Wealth Management made four senior hires in Southern
California, as part of a "major focus" on expanding its West Coast
presence.  

Sales director Bob Robinson, senior wealth director John Zarchen, and
sales director Rob Vickery are based in Los Angeles and report to
regional president Larry Miles. Senior director Eric McMullen is based
in Newport Beach, reporting to senior director Ben McGloin.

Robinson joined from Welton Investment, where from 2007 until
February of this year he served as managing director of business
development. Prior to that, he was director of sales for the western
division of Quality Home Loans.

Zarchen joined from Wells Fargo Private Bank, where he spent over
four years as a senior vice president and national manager. Between 2001
and 2008, he also served as director of planning.

Vickery was formerly part of the wealth and international division at
Lloyds Banking Group. Since 2010, he served as a director in North
America. Prior to that, he worked at Lloyds in the UK, having started as
a corporate partnerships manager in 2006.

McMullen spent the previous eight years as senior vice president and
wealth management division director at First Midwest Bank in Chicago,
IL. From 2001 to 2005, he was director of marketing at Metlife Financial
Services in the Chicago region.

David Skaggs joined The Private Client Reserve of US Bank as a wealth management advisor in St Louis, MO.

Skaggs has over 20 years of experience in the banking and financial
services industry, with a background in commercial credit, private
banking and investment services.

Before joining the PCR, Skaggs was president of Entech Engineering,
and has also worked at JP Morgan as a senior capital advisor and private
banker.

Petaluma, CA-headquartered Greenleaf & Burleson Wealth Management appointed Donnie McCleskey as a managing director.

McCleskey will focus on coordinating and expanding growth in
employer-sponsored retirement plans, while also working with a select
group of high net worth clients.

McCleskey has about seven years of experience in the financial
services and retirement planning industry, having worked at Bank of
America Merrill Lynch, Bloomberg Finance and Advisory Consulting
Group.  

New York-listed Blackstone brought in Jim Albaugh as a senior advisor
to strengthen its private equity activities in the aerospace and
defense sectors.

Albaugh, who previously served as chief executive and president of
Boeing Commercial Airplanes, will also advise other businesses and
clients across Blackstone’s platforms.    

At Boeing, Albaugh also served as president and CEO of Boeing
defense, space and security; senior vice president of Boeing and
president of the space and communications group; and president of Boeing
space transportation.

Birmingham, MI-headquartered Schechter Wealth Strategies hired
Stephen Blocki as chief operating officer, while Robert Langer filled
the newly-created role of managing director of its recently-launched New
York office.

Blocki spent the last 20 years at Dürr Systems, where he served as
head of the environmental division business, helping the firm expand
beyond North America into Mexico, China and Korea.

Langer spent the last ten years managing and running hedge funds.
Most recently, he headed up fixed income sales and trading at BTIG, a
boutique broker-dealer based in New York City.

Bruce Karpati left the Securities and Exchange Commission to join Prudential Investments as chief compliance officer.

In addition to leading compliance for Prudential’s registered
investment advisory company, Karpati will also serve as CCO of the
firm's mutual funds boards.

Karpati spent over 12 years at the SEC, most recently as national
chief enforcement officer within its asset management unit. In this
role, which he took up when the unit launched in 2010, he led
enforcement efforts involving investment advisors, investment companies,
mutual funds and private funds.

BNY Mellon Investment Management appointed Bruce Feibel as head of
performance analytics - a new role at the firm in which he will oversee
performance and risk analysis processes.

Reporting to Cynthia Steer, head of manager research and investment
solutions, Feibel will analyze the factors that drive returns and create
risks for investment strategies and portfolios.

Feibel joined BNY Mellon in 1999 and prior to his new role was head of strategy for the global investment services business.

He previously worked at State Street Global Advisors, providing
performance measurement services to the marketing, portfolio management
and client services teams.

Chicago, IL-headquartered HighTower brought in Frank Epinger from
Morgan Stanley Wealth Management as an executive director in Los
Angeles, CA. 

At Morgan Stanley, Epinger was a branch manager and senior vice president in Pasadena, CA.

Atlantic Trust, the private wealth management division of New
York-listed Invesco, added Jennifer Kane to its Houston, TX, office as a
senior vice president and relationship manager.

Kane has over 12 years of industry experience and joined from Front
Barnett Associates, where she served as a lead portfolio manager and
member of the firm’s investment committee.

Previously, she was a junior portfolio manager and portfolio analyst
at Atlantic Trust's Chicago, IL, office, and a portfolio analyst with
Fayez Sarofim & Company in Houston.

Deutsche Bank, Germany’s largest bank, appointed Scott Lampard as chief country officer for Canada.

Reporting to Jacques Brand, chief executive of North America, Lampard
replaced Paul Jurist, who decided to retire after serving for 15 years
at Deutsche Bank. Jurist had been the firm’s CCO for Canada for the past
12 years.

Lampard, with more than 20 years of international capital markets
experience, joined Deutsche bank in 2010, where for the last three years
he has been responsible for the markets business in Canada, overseeing
investments across the fixed income, equities and commodities platforms.

Lampard will continue his current responsibilities at Deutsche Bank
as head of markets for Canada, and will continue to report to Jeffrey
Mayer, head of corporate banking and securities, North America.

Citi Private Bank appointed Steven Wieting as global chief
strategist, reporting to Eduardo Martinez Campos, global head of
investments.

In his new role, Wieting will be responsible for formulating
investment views and strategies for the business and its clients around
the world.

He will also be appointed chair of the global investment committee and joined the investments leadership team.

US Bancorp Investments, an affiliate of US Bank, appointed Steve
Felchle and Jason Ernst as financial advisors in Bismarck, ND.  

Felchle and Ernst joined from Wells Fargo, where they managed $160 million in client assets. 

Felchle has over 33 years of experience in the financial services
industry. Prior to working as a financial advisor at Wells Fargo, he
served as vice president of business and agricultural banking at Norwest
Bank.

Ernst has about 11 years of industry experience and was also formerly a financial advisor at Wells Fargo.

Sendero Wealth Management, a San Antonio, TX-based wealth management firm, expanded its footprint to Dallas.

As part of its expansion Sendero hired John Stanley Stevenson to lead
its operations in North Texas, as managing director of the new office.

Stevenson has a 20-year background in the wealth management advice
industry, having worked at Northern Trust and Belmont Wealth Management.

In his new role at Sendero he will be working with wealthy families
and charitable institutions in the Dallas and Fort Worth markets.

St Louis, MO-headquartered brokerage firm Benjamin F Edwards made 10
hires across its two new offices in Birmingham, AL, and Destin, FL,
while also adding to its existing locations in White Plains, NY, and
Chattanooga, TN. 

Overall, the firm took on 12 new employees, including nine financial advisors.

In Birmingham, Steven Phillips joined as branch manager and senior
vice president of investments. He has over 20 years of experience in the
financial services industry.

Meanwhile, Thomas Luttrell started as vice president of investments.
He has over 25 years of experience in the brokerage industry and is a
member of the Luttrell Financial Group, which he co-founded with his
brother, James Luttrell, in 1999.

Assisting Phillips and Luttrell in Birmingham with their client
management responsibilities is Ashley Brook, a financial associate.

In Destin, James Luttrell stepped into the new office as vice
president of investments. He has 30 years of experience in the brokerage
industry. Matthew Dahlman joined as a financial consultant.

Nicholas Barlotta, a member of the Barlotta Cauley Wealth Management
Group, also moved to Destin as senior vice president of investments.

Other members of the Barlotta Cauley Wealth Management Group include
Daniel Cauley, vice president of investments, and Nicholas Barlotta, a
financial consultant.

Marti Lohr and Maeve Brennan were also hired in Destin as senior registered financial associates.

With the exception of Brennan in the Destin office, all of the
appointees that joined in Destin and Birmingham previously worked at
Wells Fargo Advisors.

In other moves, the firm appointed Darrelyn Brennan in White Plains as vice president of investments.   

Lastly, Thomas Trivers stepped into the Chattanooga office as a financial advisor, joining from Hilliard Lyons.

Morgan Stanley Wealth Management appointed three financial advisors -
with combined client assets of $460 million - in New York, Arkansas and
Florida.

In Mount Kisco, NY, Paul Bagnato - with production of $1.7 million on
$165 million in client assets - joined from Wells Fargo and reports to
Mark Willis, branch manager.

Alissa Carloss joined in Jackon, TN, from Stifel Nicolaus. Her annual
production is around $1 million on $135 million in client assets.

Carloss reports to John Terry, complex manager in Little Rock, AK.
Her father, Terry Nance, also joined her team as a consulting group
analyst.

Meanwhile, Robbie DeRooy joined Morgan Stanley in West Palm Beach, FL, from UBS Wealth Management Americas.

New York-listed CTPartners, the global executive search firm, hired
Noah Schwarz as a principal within its financial services practice.

Based in New York, Schwarz will focus on serving clients in investment banking, private equity and asset management.

Schwarz joined from Heidrick & Struggles, where he was a member
of the firm’s global financial services practice. His clients include
investment banks and private equity firms, as well as asset managers,
wealth managers and family offices.

California-based Whittier Trust, the independent investment and
wealth management firm, appointed Thomas Frank as executive vice
president and Northern California regional manager, and Lisa Parker as
vice president of philanthropic services.

Frank was formerly a director at Abbot Downing, Wells Fargo’s ultra
high net worth unit. He has 26 years of experience working with high net
worth individuals and families, having also worked at Bessemer Trust
for 15 years. 

In his new San Francisco, CA-based role, Frank will source and manage
client relationships, while overseeing all aspects of the firm’s
business in Northern California. He will also sit on the firm’s
executive committee.

Also based in San Francisco, Parker will consult HNW clients and
their families on a range of philanthropic management issues including
private foundation and donor-advised fund administration, grant making,
talent and leadership development and next generation education and
training.

Prior to joining Whittier Trust, Parker was the founder and principal
of Family Circle Advisors. She spent the previous 15 years as president
and executive director of the Lawrence Welk Family Foundation.

Canfield, OH-based Farmers National Financial Services appointed
Jeffrey Tonini as a senior vice president and director of wealth
management. 

Tonini will lead the bank’s financial services division, assisting
clients with financial planning, retirement planning, investment
strategies and overall wealth management.

Ashvin Chhabra rejoined Merrill Lynch Wealth Management as chief
investment officer and head of investment management and guidance, based
in New York. He replaced Lisa Shalett.

Chhabra, who served as head of wealth strategies and analytics at
Merrill between 2001 and 2007, will oversee the delivery of investment
advice and strategy to financial advisors and their clients.

Additionally, Chhabra will lead investment management and guidance of
manager due diligence, investment analytics and the ultra high net
worth investment office.

Chhabra most recently served as the chief investment officer at the
Institute for Advanced Study in Princeton, NJ. He spent six years there,
during which time he worked closely with the institute’s board of
trustees’ investment committee.

John Mathews took over from Jason Chandler as head of private wealth
management within UBS' US brokerage unit, as the Swiss bank looks to
grow its ultra high net worth business in the Americas.

Chandler previously oversaw the private wealth unit, which caters to
UHNW clients with over $10 million in investable assets and includes
about 340 advisors, as well as the wider Americas advisory force of some
7,000 brokers.

Going forwards, Chandler will continue to oversee the broader advisor
group, but Mathews, who was previously a regional director in the
southeast US, will lead the UHNW unit.

Both men report to Bob Mulholland, head of wealth management and investment solutions for UBS in the Americas.

Mathews now oversees all of UBS' private wealth offices in the US,
which include branches in New York, Boston, Chicago, San Francisco,
Atlanta, Houston, Los Angeles, Miami and Stamford, CT.

Leawood, KS-based Palmer Square Capital Management, the hedge fund-of-fund specialist, hired Jeffrey Fox as executive director.

Reporting to chief investment officer Angie Long, Fox will focus on
managing the analytics, trading and modeling behind the firm’s
structured credit and collateralized loan obligations platform.  

He will also play a key role in new product development and working with the rating agencies.

Fox has over a decade of fixed income experience and previously
served as a managing director at Sandler O’Neill and Partners, an
investment banking firm and broker-dealer.

George Howe joined US Capital Advisors as a director at the firm’s new office in Austin, TX.

Howe joined after having previously managed his own advisory practice
at Raymond James since 2001. Before that, he spent 17 years at Standard
& Poor’s.

Cleveland, OH-based Cedar Brook Financial Partners hired Jo Ross as an executive assistant.

Ross has over 20 years of industry experience and will serve as client manager for Josh Melda, a partner at the firm.

Ross formerly worked at Simon Property Group as a guest services
manager and has also worked in the private banking and investing group
at KeyCorp. Before that, she was a legal assistant to attorneys at law
firms in Cleveland, including Baker & Hostetler, Calfee Halter and
McDonald Hopkins.

Perspecta Trust, the New Hampshire-based trust and wealth management
firm, promoted Scott Baker to president, and hired Todd Mayo as a
principal.

Baker succeeded Paul Montrone, who had been president of the firm
since it was founded in 2007. Montrone will remain as chairman and chief
executive.

Baker has 20 years of experience in the wealth management industry
and joined Perspecta in 2009 after a career with Goldman Sachs and
Citigroup in New York City.

New York-based Signature Bank brought in three private client banking teams in Manhattan, Great Neck and Brooklyn.

The first team joined in Manhattan from Citibank and is comprised of
Joan McNulty, group director and senior vice president; Melissa Badger,
associate group director and vice president; and Manuel Chalen, a senior
client associate.

McNulty worked closely with Badger and Chalen for ten and five years,
respectively, at Citibank. Badger, previously sales manager of treasury
products and vice president at Citibank, has 23 years of banking
experience, focused mostly on middle market clients.

Based in Great Neck, NY, the second team is made up of Chris
Panellino, group director and senior vice president, and associate group
directors Helen Dounias and Jason Torres. They all joined from HSBC in
Glen Oaks, NY.

US Bancorp Investments, an affiliate of US Bank, appointed Benjamin Jensen as a financial advisor in Anacortes, WA.

Jensen has about seven years of experience working in the Anacortes
market and regionally as a financial advisor for another firm.

Investment manager Neuberger Berman ramped up its expertise in the
emerging market debt sector, hiring 22 specialists in this asset class.

Of the new hires, 19 joined from ING Investment Management, where
they managed over $16 billion invested in emerging market debt.

The 22 staff are made up of 12 portfolio managers, six credit
analysts and four economists. They will be based across the US, Europe
and Asia.

They joined a 100-strong fixed income team at Neuberger Berman, led by Brad Tank, chief investment officer of fixed income.

The firm’s new emerging market debt platform is led by Rob
Drijkoningen, based in The Hague, and Gorky Urquieta, based in Atlanta.

Other professionals that joined the firm are: Bart van der Made (The
Hague), Raoul Luttik (The Hague),  Jennifer Gorgoll (Atlanta), Nish
Popat (The Hague), and Prashant Singh (Singapore).

Umpqua Bank, part of Umpqua Holdings, expanded its private banking
division into the Puget Sound region of Washington, hiring from Wells
Fargo Private Bank to staff the new operation.

Elise Fortin, who has been in the wealth management industry for
around 25 years, joined Umpqua as senior vice president and market
leader, responsible for the private banking team serving clients in
Seattle and the surrounding area. 

Fortin was latterly a senior vice president at Wells Fargo Private
Bank and has also worked in senior sales and business roles at US Trust,
Northern Trust, Key Bank and First Union Bank.

BMO Harris Private Banking, part of BMO Financial Group, promoted
Yannick Archambault to vice president and chief operating officer in
Toronto.

Archambault was replaced in his former role of vice president and
managing director by Alan Desnoyers, who was previously vice president
of personal banking for BMO Bank of Montreal.

Based in Quebec, Desnoyers will lead a team of about 100
professionals who provide services in the areas of banking, investment
management, estate, trust, succession planning and philanthropy.

Ameriprise Financial bolstered its advisor force in six states and
added $960 million in client assets with hires from Morgan Stanley
Wealth Management, Merrill Lynch, Wells Fargo Advisors, UBS Wealth
Management Americas and LPL Financial.

In Connecticut, John Nelson and Jon Nelson joined from Wells Fargo
Advisors, where they managed $125 million in client assets. They are now
based at Ameriprise’s Norwalk office in Fairfield County.

Leasha Flammio-Watson previously managed $90 million in client assets
at Wells Fargo and joins in Melbourne, FL, while Mark Aronson - also
formerly of Wells - joined in Mount Laurel, NJ. Aronson has about 30
years of industry experience and at Wells Fargo managed $126 million in
client assets.

The firm also appointed Jay Geaslen in Alpharetta, GA, from Bank of
America Merrill Lynch. He was an advisor at Merrill for over a decade,
managing $194 million in client assets.

Meanwhile, Norman Howarth joined in Massachusetts from LPL Financial,
which is part of LPL Financial Holdings. Howarth previously managed
$195 million in client assets and is now based in Charlestown.

In Florham Park, NJ, Ameriprise brought in Donald Jones and Trevor
Jones from UBS Wealth Management Americas. The pair managed $80 million
at UBS.

Lastly, William Patton joined Ameriprise from Morgan Stanley Wealth
Management in Virginia Beach, VA. Patton has worked in the industry for
40 years and managed $150 million in client assets at Morgan Stanley.

Chicago-based Northern Trust named Ronnie Powell has head of the
Austin, TX, region, where he will lead a team of people dedicated to
wealth preservation and growth.

Powell has been with the firm since 2006, when he joined after a
career working with both Merrill Lynch and Smith Barney in Dallas, TX.
He replaced Craig Falls, who left the firm.

Powell’s team will focus on wealth management including asset
management, estate planning, trust administration and private banking,
working with individuals, foundations, endowments and privately-held
businesses.

BMO Global Asset Management, part of BMO Financial Group, promoted managing director John Boritzke as head of fixed income.

Boritzke will continue as co-manager of the BMO Intermediate Tax-Free
Strategy, which includes responsibility for separately managed accounts
and the BMO Intermediate Tax-Free Fund.

Boritzke has 30 years of investment experience and will continue to be based in Milwaukee.

He has worked at the firm since 1983 and his past experience includes
duties as manager of the BMO Prime Money Market Fund and the BMO
Government Money Market Fund.

Asia-Pacific

Suncorp Advice, the Australian financial advisory firm,
named Michael Frawley as a new manager for its Queensland business. He assumes the role of
practice development manager for the self-employed advisory division in the
state. He is based in Brisbane.
Frawley previously headed the advice division of independently-licenced
financial planning firm Carwardine Financial Services in Brisbane. Before that, he held advisory
positions at Genesys Wealth and ANZ Bank.

Guardian Advice, the Australian life risk specialist dealer
group, named a new manager for Western and South Australia. Steve Coyle assumed the
role of manager for Western Australia and South Australia, based in Perth. Coyle joined from MLC, where he served
as business growth manager responsible for identifying and recruiting financial
planning businesses into the MLC licensees.

UBS Global Asset Management appointed a head for its
Asia-Pacific global real estate business. Trevor Cooke took on the
newly-created Sydney-based role, reporting to Thomas Wels, head of global real
estate. Cooke is responsible for managing UBS Global AM's Asia-Pacific GRE
team. Prior to UBS, he was a managing director for strategy and international
business development at Queensland Investment Corporation and had also worked
for AMP Capital Brookfield.

Edmond de Rothschild Asset Management appointed a new
equities head in China.

Xing Hu assumed the role of head of Chinese equities, based
in Hong Kong. He is in charge of the funds EdR
Mainland China and EdR China, which
operate under the global emerging markets and commodities team led by Thomas
Gerhardt. Hu was previously the head of the qualified foreign institutional
investors advisory business of Manulife TEDA Asset Management in Beijing. Before that, he
was a fund manager specialising in Greater China and Asia
ex-Japan markets at French firm Salomon Oppenheim Group.

China Renaissance Group appointed a new chief operating
officer. Christine Low took the role after serving as Asia
investment banking COO at UBS. Prior to that, she was part of UBS Securities in
Beijing also as
investment banking COO. In this new post, she reports directly to Fan Bao, the
chief executive.

Eastspring Investments, the asset management subsidiary of
Prudential Asia, named a new retail sales head for Asia.
Koh Hui-Jian assumed the newly created role of head of retail sales for all of Hong Kong, Singapore
and Asia, overseeing entry into the UK and European wholesale market.
Koh had over 17 years of asset management experience. She joined the company in
2011 as head of retail sales in Singapore.
In 2012, she was appointed head of retail sales in Singapore
and Hong Kong.

Mirae Asset Global Investments named a new chief marketing
officer based out of the Hong Kong office.
Ashley Dale assumed this role with immediate effect after serving as chief
executive officer of the Hong Kong business
since April 2012. Dale joined Mirae Asset Securities in London
in 2009 as head of UK
equity sales.

Baring Asset Management appointed Marco Tang to the newly-created
role of head of sales, client service and business development for mutual fund
distribution, across Hong Kong, China and Singapore. Tang joined from JP
Morgan Asset Management, where he was executive director and head of
intermediary business.

Houlihan Lokey appointed a new Asia
head to the lead the firm's corporate finance, restructuring and financial
advisory businesses across the region. David Timblick is the managing director
and head of Asia (including Japan).
He replaced David Putnam, who has left the company. Timblick joined from Lazard
Asia, where he worked for the last 14 years, most recently as head of the Asia advisory practice.

Vivian Chan, managing director and market leader at Credit
Suisse’s private bank in Hong Kong resigned,
as did team member Harry Lai. Chan led a team of relationship managers in Hong Kong, including Lai, Catarina Karlsson, Michael
Yong-Haron, Nelson Leung, Peter So. Before joining Credit Suisse in 2006, Lai
had accumulated 20 years of international private banking experience at firms
including JP Morgan, Citi and Barclays, as well as serving as acting head of
Rabobank Hong Kong.

Northern Trust has named a new country manager for its Hong Kong business. Brian Ovaert, at the US bank for the last 21 years, took the lead
role in Hong Kong, after serving as chief executive of Northern Operating
Services in Bangalore, India. In addition to this role, he
also was the Asia-Pacific regional head of operations and technology for
Northern Trust. Even with the new Hong Kong-based appointment, he retains the
O&T position, overseeing teams in Singapore,
Hong Kong, Melbourne and Bangalore.

Jupiter Asset Management appointed Peter Swarbreck as head
of its Asia-Pacific business. Swarbreck, who is based in Jupiter’s Hong Kong office, is responsible for driving business
growth in the region. He joined last year from BlackRock and has also held
senior business development and client relationship management roles with
Mercury Asset Management and Merrill Lynch Investment Managers.

UBS Wealth Management’s former head of fund selection,
Stanley Ngan, joined Sun Life Hong Kong as head of asset management and
pensions. Ngan took on the newly created position on 16 April and reports to
Belinda Luk, senior vice president of Sun Life’s pensions and group business.

The head of wealth management and retail banking at the
Indian unit of HSBC Holdings left the firm. Gannesh Bharadhwaj, who led the
division since July 2010, has left the bank for personal reasons.

Morrison & Foerster, the international law firm that
specialises in the financial services industry, has relocated one of its
partners to Singapore
as part of efforts to expand in the Asia-Pacific region. Daniel Levison moves
to the city-state after over 12 years serving the Tokyo office. He is known for his work on
white-collar dispute resolution matters for clients across the ASEAN, China and Japan.

Aviva Investors named a business head for Asia-Pacific. Lim
Beng Eu assumed the newly-created role of head of business development,
bringing with him over 15 years of experience in developing tailored client
solutions in the region. Lim joined the company in 2011 as head of the institutional
business development team. Before Aviva, he was head of the investment
management services team at Turner Investments.

Royal Bank of Scotland scrapped the position
leading the Asia-Pacific markets and international banking unit as part of a
reorganisation effort. John McCormick, group chairman and chief executive of
the said division, left the company after 17 years, seven of which were spent
in Asia. Donald Workman, the head of the asset
protection scheme unit, replaced McCormick as the new executive chairman of RBS
Asia-Pacific. Workman, who has been with RBS for 21 years, reports to John
Owen, CEO of international banking, and Suneel Kamlani and Peter Nielsen, the
co-CEOS of markets. He also leads the Asia-Pacific executive committee and
attends the RBS group executive committee. Pierre Ferland, head of markets for
Asia-Pacific, and Madan Menon, head of international banking in the region,
report to him.

The Monetary Authority of Singapore announced a number of
re-appointments to its board of directors. Tharman Shanmugaratnam retained the
position of chairman of the board from 21 May 2013 until 31 May 2015. Ravi
Menon stayed both as managing director of MAS and member of the MAS board of
directors for a further two-year term, starting 1 June 2013.

Heng Swee Keat and Lawrence Wong Shyun Tsai were
re-appointed as minister for education and acting minister for culture,
community and youth and senior minister of state (communications and
information), respectively, also with effect from 1 June with a two-year term. The
other members of the board are Lim Hng Kiang, deputy chairman and minister for
trade and industry, Lim Chee Onn, senior international advisor, Peter Ong Boon
Kwee, permanent secretary, Tan Chorh Chuan, president, and Quek See Tiat,
chairman, Building and Construction Authority.

Mani Sitaraman was appointed managing director and market
head for the non-resident India
and South Asia client segment for CIC Banque
Privee. He was previously managing director at BSI Bank Singapore and head of
wealth management services at that firm; prior to that, Sitaraman was executive
vice president at RBS Coutts (now Coutts), where he was market head, South East
Asia and NRI Asia.

Deutsche Bank appointed Philip Lee as chief country officer
for Singapore and vice
chairman for South East Asia, with effect from
8 July. Lee took over from Ronny Tan as Singapore chief country officer. Tan
continued with the bank as vice chairman, Singapore. Lee was previously with
JP Morgan from 1995, where he most recently held the roles of senior country
officer, Singapore,
and chief executive, South East.

Clifford Chance added three new partners to its Asian
franchise, bringing its regional total to 86 partners as of 1 May 2013. Matthew
Buchanan and Melissa Ng join the Singapore office as construction
and infrastructure project finance specialist and M&A corporate advisor,
respectively. Jiahua Ni joined the Shanghai
branch as banking and finance expert.

Switzerland

UBS appointed Caroline Kuhnert as its new
head of ultra high net worth global emerging markets.

Based in Zurich, Kuhnert reports to Paul
Raphael, head of wealth management for global emerging markets, and Joe
Stadler, global head of UHNW.

Previously, Kuhnert headed up UBS’s
international wealth management business in London, and has also held a number
of leadership roles at UBS Investment Bank, Creditanstalt Austria and
International Moscow Bank.

Europe

Barclays Wealth and Investment Management
hired Julie Fairclough as director and deputy local platform manager for its
wealth advisory division in Jersey.

Fairclough, with more than 13 years’
experience in financial services, joined from Royal Bank of Canada, where she
worked as head of transformation. She is responsible for Barclays’ Jersey trust
business as well as developing relationships with clients.

London-based Henderson Global Investors'
€15 billion (around $19 billion) property business named Paul-Eric Perchaud and
Julien Chaperon as portfolio managers for its French team.

Based in Paris and reporting to Ara
Adjennian, both men work across Henderson Property’s French retail portfolio.

Deutsche Bank, Germany's largest bank by
assets, appointed Bruno Hallak as chief country officer for France, succeeding
Marc Pandraud.

Pandraud was named head of client
franchise development and vice-chairman of corporate finance in Europe, the Middle
East and Africa, effective from 1 June.

Emmanuel Hasbanian and Julien Fabre were
promoted to co-heads of investment banking coverage and advisory for France.

Hallak was previously head of investment
banking coverage and advisory for France. Prior to joining Deutsche Bank in
2009, he was chairman of Merrill Lynch capital markets in France.

Asset Risk Consultants, the investment
services and performance tracking firm, hired Paul Meader, a former senior
figure at Collins Stewart Wealth Management, to launch the firm’s new fund
solutions division.

Meader was previously head of Guernsey
Portfolio Management at Collins Stewart, and former chairman of the Guernsey
International Business Association.

Van Lanschot, the Dutch private bank,
named Richard Bruens as head of its private banking business unit, effective 1
August.

Bruens joined the bank from ABN AMRO,
where he was global head of private wealth management, and global head of
products and solutions.

Bruens began his career at ABN AMRO, where
he held various managerial positions at the global markets division and the
head office. In 2007, he joined the executive committee of Renaissance Capital
in Moscow, before returning to ABN AMRO in 2010.

KBL European Private Bankers, the parent
company of UK-based private bank Brown Shipley, made three new appointments to
its senior management team. Frédéric Genet, Marc Lauwer and Yves Stein joined
the firm’s executive committee, based in Luxembourg.

Genet, who joined KBL as chief executive,
professional services, was previously a CEO at Société Générale Bank and Trust,
while Lauwer was latterly head of retail and commercial banking at Belfius Bank
in Belgium. Before that, he served as chief operating officer at Dexia Bank
Belgium and as CEO of Dexia Banka Slovensko, based in Slovakia. Stein joined
KBL from Union Bancaire Privée in Luxembourg, where he served as CEO. Before
that, he was director general, private banking at BNP Paribas Switzerland.

Carne Group, which advises fund managers
on how to govern their businesses, made two appointments to bolster its risk
management expertise.

Investment professionals Albert
Prendiville and Gerry Grimes joined Carne to deliver risk management.
Prendiville joined from Commerzbank Europe, where he was head of treasury in
Ireland. Prior to this he was a senior manager with responsibility for a
trading desk at KBC in Ireland. He has also worked at Dresdner Bank and Capel
Cure Myers.

Grimes is a risk professional with over 30
years of experience in financial markets, including as the founder and managing
director of the alternative investments business at Allied Irish Capital
Management. He also worked at the Central Bank of Ireland, where he held a
number of senior roles, including head of money markets and head of official
external reserves management.

International

US-based Ameriprise HYPERLINK
"http://www.wealthbriefing.com/html/results_cms.php?formsearchtype=all_dates&keywords=Ameriprise%20Financial" Financial bolstered its advisor force in six states
and added $960 million in client assets with hires from Morgan Stanley Wealth
Management, Merrill Lynch, Wells Fargo Advisors, UBS Wealth Management Americas
and LPL Financial.

In Connecticut,
John Nelson and Jon Nelson joined from Wells Fargo Advisors, where they managed
$125 million in client assets. They are now based at Ameriprise’s Norwalk
office in Fairfield County.

Leasha
Flammio-Watson previously managed $90 million in client assets at Wells Fargo
and joined in Melbourne, Florida, while Mark Aronson - also formerly of
Wells - joined in Mount Laurel, New Jersey. Aronson has about 30 years of
industry experience and at Wells Fargo managed $126 million in client assets.

The firm also
appointed Jay Geaslen in Alpharetta, Georgia, from Bank of America Merrill
Lynch. He was an advisor at Merrill for over a decade, managing $194
million in client assets.

Geneva-headquartered
Lombard Odier Investment Managers hired Carolina Minio-Paluello as deputy chief
investment officer.

Based in London,
Minio-Paluello helps to build on the firm’s risk-based approach to portfolio
construction for institutional clients. She reports to the firm's chief
investment officer, Jan Straatman. Minio-Paluello joined from Citigroup, where
she was head of Europe, the Middle East and Africa for equity and private
investor solutions.

Royal Bank of
Canada’s wealth management arm made three senior banker hires.

Samuel Witjaksono
was hired as executive director, RBC Wealth Management and brought with him
over 30 years of banking experience. Witjaksono was joined by newly appointed
directors, Reto Caviezel and Kusnadi Sudikarman, who each have more than 20
years of banking experience.

The trio came from
Sarasin, having previously worked at UBS. They are based in Singapore,
reporting to Febby Avianto, managing director and market manager, who joined
RBC earlier this year, also from Sarasin.

BNY Mellon
Investment Management appointed Bruce Feibel as head of performance analytics,
and he oversees the firm's performance and risk analysis processes.

Reporting to
Cynthia Steer, head of manager research and investment solutions, Feibel
analyses the factors that drive returns and create risks for investment
strategies and portfolios. Feibel joined BNY Mellon in 1999 and prior to his
new role was head of strategy for the global investment services business.

BNY Mellon Wealth
Management made four senior hires in Southern California, as part of a
"major focus" on expanding its West Coast presence.   

Sales director Bob
Robinson, senior wealth director John Zarchen, and sales director Rob Vickery
are based in Los Angeles and report to regional president Larry Miles. Senior
director Eric McMullen is based in Newport Beach, reporting to senior director
Ben McGloin.

Robinson joined
from Welton Investment, where from 2007 until February of this year he served
as managing director of business development. Prior to that, he was director of
sales for the western division of Quality Home Loans.

Zarchen joined from
Wells Fargo Private Bank, where he spent over four years as a senior vice
president and national manager. Vickery was formerly part of the wealth and
international division at Lloyds Banking Group. McMullen spent the previous
eight years as senior vice president and wealth management division director at
First Midwest Bank in Chicago.

Canada-based CIBC
Global Asset Management made two senior appointments, including a chief
investment officer, to strengthen its portfolio management team.

Suzann Pennington
has been appointed managing director and CIO, while Stephen Carlin starts as a
vice president and senior portfolio manager for Canadian equities. 

Pennington will
oversee all of CGAM’s portfolio management and research efforts, but will
remain as head of equities and continue to manage the Canadian all-cap mandate.

Jane Fraser, who
has been chief executive of Citigroup’s private bank for the past four years,
has been replaced by Mark Mason as Fraser took up the post as new head of the
US bank’s mortgage business.

Mason, who has
taken on the top job at private banking, has been CEO of Citi Holdings. In
turn, Francesco Vanni d'Archirafi, who leads Citigroup's transaction services
business, has taken over as CEO of Citi Holdings, the division that holds all
non-core assets that Citi is winding down or selling.

Latin America

UBS appointed
Sylvia Coutinho as chief executive of UBS Group Brazil, effective when its
current CEO Lywal Salles retires on 24 June.

Coutinho was
previously head of retail banking and wealth management for Latin America and
asset management for the Americas at HSBC. She has also worked in a number of
other senior Americas-based roles at that firm - primarily in wealth
management, private banking and asset management.

In her new role -
which UBS said makes her the first woman to serve as CEO of a Brazilian
business for an international bank - Coutinho is responsible for the delivery
of resources to the firm’s private, corporate and institutional clients.