Michael O'Neill was selected to take over from Richard Parsons as chairman of the board at Citi Private Bank, after Parsons said he would not seek re-election. Parsons had been chairman of the board since 2009.

Citi also appointed Mark Hewson as director and foreign exchange investment specialist and Maggie Osorio as director and law firm group private banker, based in San Francisco, CA, and Houston, TX, respectively. Both joined from Wells Fargo. Hewson  reports to Francois Du Pasquier, managing director and head of foreign exchange and commodities, while Osorio reports to director Greg Richesin, who is also the law firm group’s Texas team leader, based in Dallas, TX.

Citi Private Bank further added to its Houston office, hiring Robert Martin as managing director and ultra high net worth private banker. Martin joined Citi from Wells Fargo, where he was most recently senior vice president and director of client management in the Southwest region.

City National Bank added Wendy Li as a senior vice president and senior relationship manager within its private client services in New York City. Li serves high net worth families, individuals, entrepreneurs, hedge fund and private equity professionals and professional service firms.

City National Asset Management appointed Charles Boettcher as director of equity portfolio management. Boettcher joined City National Bank in June 2007 as senior vice president and senior portfolio manager.

Center Bancorp, the parent company of Union Center National Bank, appointed David Leibowitz as director of private banking. Leibowitz has over 12 years of wealth advisory and general banking experience, including estate planning, investment strategy and change management expertise.

Cambridge Bancorp and its subsidiary Cambridge Trust Company named Susan Martore-Baker as president of Cambridge Trust Company of New Hampshire. Martore-Baker joinied CTC with 30 years of trust and investment experience, having established a trust division for CFX Bank in Keene, NH.

Foundation Source appointed former Wells Fargo senior executive John Libby as regional managing director on the business development team. He is based at the firm’s Chicago office providing support services to private foundations. Focusing on the upper Midwest, Libby has primary responsibility for Illinois, Indiana, Iowa, Michigan, Minnesota, Ohio and Wisconsin.

First Republic Bank appointed Merrill Lynch veteran Mark Alibrandi to its private wealth management division, as a managing director and investment consultant based in Boston. Alibrandi spent 20 years at Merrill Lynch, most recently serving as senior vice president, investments.

The firm also added US Trust duo James Dempsey and Richard Chalifoux to its Rockefeller Center, NY office. Dempsey joined the firm as managing director and portfolio manager with First Republic Investment Management, while Chalifoux took on the role of managing director and senior trust officer with First Republic Trust Company.

David Julian was appointed as chief auditor of Wells Fargo, to take over from Kevin McCabe, who is due to retire on 30 June.

Additionally, the firm appointed Dean Junkans as chief investment officer for Wells Fargo Advisors and Wells Fargo Private Bank - a newly-created role in which he will coordinate “key elements” across the firm’s $1.3 trillion wealth management, brokerage, retirement and ultra high net worth business. Prior to his promotion, Junkans - who is a chartered financial analyst - served as CIO of the firm's private bank

Boston, MD-based TPW Financial appointed Kimberly Clouse as president. Clouse joined the firm from Athena Capital Advisors, another Boston-based firm, before which she was chief executive of Hale and Dorr Wealth Advisors (now Silver Bridge Advisors). Early on in her career she worked at JP Morgan and Goldman Sachs.

Morgan Stanley Private Wealth Management hired advisor Devin Condron at the firm’s Boston office. Cordon joined from Merrill Lynch, where he managed assets of some $830 million. At Morgan Stanley he reports to Jeff Swartz, Boston regional manager. Condron rejoined the firm, having left to join Merrill in 2005

Maxim Group appointed Erik Moquist as managing director of its new office in Boca Raton, FL, responsible for expanding the firm’s capital markets and wealth management platforms in Florida.

M&I Wealth Management, part of BMO Financial Group since the 2011 acquisition, appointed Mark Fenlon as regional president – Midwest central states, private client group. Fenlon, who has been with the firm since 2004, will lead wealth operations in the Kansas City, St Louis and Indiana markets.

Bank of the West, the San Francisco, CA-based investment advisory subsidiary of France’s BNP Paribas, hired John Morris as senior vice president to head its wealth management group's investment products offering. Morris works with the firm’s investment solutions team.

Atlanta, GA-based independent wealth management firm Homrich Berg made three promotions. Stephanie Lang, who previously managed Homrich’s investment department, was named director while Christopher Kowal and John Taylor were appointed as senior associates.

Lang joined Homrich in 2005, previously spending more than two years as a portfolio manager for Bank of America's private bank. Kowal, a certified financial planner, started at Homrich in November 2006 following an internship with the firm. Taylor joined in October 2007 after working at Greene Financial Center as a portfolio analyst. 

Pennsylvania-based S&T Bancorp boosted its wealth management group with a number of hires. Mark Ambrose and Jason Marcieski, who both joined from other un-named regional banks, were appointed as vice presidents and financial advisors. Ambrose works on customized portfolios for clients and oversees individual client performance, while Marcieski works with clients on their current and future financial needs and goals. Meanwhile, Brandon Pruss and William Simmons were hired as vice presidents and wealth management advisors.

Northern Trust appointed Deb Finnegan as a managing director and James Seidel as a wealth strategist for its San Diego, CA, and Minnesota offices respectively. In their new roles, Finnegan reports to John Ippolito, president of the firm’s San Diego region, while Seidel reports to James Field, Northern Trust president and Minnesota chief executive.

The firm also added financial services veteran Chris Wilkinson as a wealth strategist within its Phoenix, AZ wealth management team. Wilkinson reports to managing director Harold Dorenbecher. Wilkinson is latterly of Private Client Group - a registered investment advisory firm in Scottsdale, AZ - where he was president and chief investment officer.

Silver Bridge appointed Bradley Fisher as a managing director, responsible for leading its family office advisory practice. He tailors services to fit Silver Bridge's family office clients nationally, and supports its initiatives on the West Coast.

Canada’s Seamark Asset Management, the institutional and high net worth subsidiary of Matrix Asset Management, entered into an agreement to re-hire the founders of LeeSide Capital Management - a deal in which Seamark will also acquire LeeSide’s assets under management. As a result, LeeSide's Robert McKim, George Loughery and Donald Wishart, who previously spent almost 40 years building the Seamark business, rejoined the firm.

Massachusetts-based Wellesley Bank appointed William Cadigan as president of its subsidiary Wellesley Investment Partners. Cadigan brings 35 years of experience in investment management to Wellesley Investment, having previously served as senior vice president at Morgan Stanley Smith Barney in the Dallas, TX, Chicago, IL, and New York City, NY offices.

Glenmede, the Philadelphia-headquartered investment and wealth management company, promoted Adam Psichos to director of the New Jersey region. Psichos oversees Glenmede’s Morristown and Princeton, NJ offices and is responsible for the firm's national growth.

The Milwaukee, WI-based investment bank and wealth management firm Robert Baird appointed Mark Stevanovic as senior vice president, charged with the task of opening a new wealth management office in Portland, ME. Prior to joining Baird, Stevanovic held a variety of management positions with Morgan Stanley Smith Barney in the northeast, including New York, Massachusetts and Maine.

The firm also hired three teams and two individual advisors for its Colorado, North Carolina and Florida offices. With $390 in assets under management, Scott Woods was appointed managing director of the Sarasota, FL and Durango, CO offices, while director John Duguid joined the Charlotte, NC office, with $135 million in AuM. The group acquisitions, which together account for over $700 million in AuM, include The Smith Norris Group, RHY group and the Allman-Bobbie group.

UBS Wealth Management Americas added to its Florida, Michigan, New Jersey, South Carolina and Virginia offices with three group and four individual appointments. At its Fort Myers office, the firm appointed Eric Hynden as senior vice president of investments, and Thomas Burt as senior vice president. Hynden joined with a production of around $1.35 million and AuM of over $156 million. Burt joined from Morgan Stanley Smith Barney with a production value in the region of $1.3 million, with over $150 million in AuM.

At the same time, in New Jersey, Gregory Kenzik joined the Paramus office, with a production of approximately $2.8 million and AuM of about $180 million, while Kenzik also joined from MSSB. The remaining individual appointment was that of Jim Yarbrough, who joined the Greenville, SC office as vice president of investments. Yarbrough will report to H Beasley, director and branch manager.

Leadership roles at UBS Wealth Management Americas were changed with Bob Mulholland, who was head of the wealth management advisor group, named head of wealth management and investment solutions. Jason Chandler, who ran the unit’s ultra high net worth division, reports to Mulholland as head of the wealth management advisor group.

John Brown, who led wealth management solutions, reports to Mulholland as head of the middle-markets business. He also reports to Brian Hull, who assumed the new title of head of strategic clients and partnerships, as leader of the team responsible for Wealth Management Americas’ partnerships with the equities and fixed income division of UBS’s investment bank.

As a result of the departure of Mike Schweitzer, who led Wealth Management Americas’ western division, Paula Polito, who was chief marketing officer, became chief strategy officer, continuing to lead marketing with added responsibility for the unit’s emerging affluent segment and retirement services business. Dan Cochran was appointed chief operating officer for UBS Wealth Management Americas, having previously been chief administration officer.

Chicago, IL-based Zacks Investment Management recruited Richard Delio as regional vice president. In his role, Delio is based in Fort Lauderdale, FL, where he has worked for the past two decades.

Newly independent wealth firm Beirne Wealth Consulting hired Phil Sloan as a senior institutional consultant, the first appointment the US business has made since splitting from Merrill Lynch at the start of 2012. He was previously a consultant to various wealth management firms, such as vice president of managed accounts at Paine Webber as well as a vice president at Merrill Lynch.

LibertyView Capital Management, the independent investment advisory firm based in Jersey City, NJ, appointed Craig Woolridge as director of marketing and client relations. Woolridge previously worked within Morgan Stanley’s private wealth management division as a fixed income specialist for one of its wealth management teams as well as a director in the institutional credit sales group at BNP Paribas.

Nasdaq-listed Wintrust Financial Corporation hired James Kiley as managing director of its wealth services division.

Jose Fernandez and Juan Aleman joined Merrill Lynch Wealth Management from Citigroup Global Markets, where they previously managed $261 million in assets. At Citigroup, Fernandez and Aleman were based in Los Angeles, CA. In their new roles at Merrill, the pair are based at the San Diego, CA office. 

Three La Jolla investment managers left Morgan Stanley Smith Barney to launch San Diego, CA-based Ibis Capital, a new wealth management firm. The founding partners are chief investment officer Neal McNeil; Robert Meyer, director of strategic and financial planning, and Ryan Clive-Smith, director of business development. Ibis Capital retained 83 client relationships.

Janney Montgomery Scott, the Philadelphia-based financial services firm, made five appointments through the addition of two advisory teams - with combined client assets of $380 million - from Morgan Stanley Smith Barney. Both teams work together as well as separately, based in Janney’s Aiken, SC office - a satellite of the firm’s Atlanta, GA branch. The new employees report to Jeffrey Paulsen, senior vice president/branch manager. They include Peter Sampson (senior vice president/wealth management), Kenneth Wiland (first vice president/wealth management), R Morgan Purvis (financial advisor), Kathy Roberts (registered private client assistant) and Mary Barrett (registered private client assistant).

Strategic Wealth Partners, the investment advisory firm based in Chicago, IL, appointed Michael Karim as an investment advisor, in a move to expand on services for its private and institutional high net worth clients.  Karim works with SWP’s co-founders David Copeland and Neal Price. Previously at Northern Trust, Karim managed 125 investment portfolios over six years, totalling around $500 million in assets

The Hedge Fund Association elected public relations executive Mitch Ackles as president. Ackles is the founder of Hedge Fund PR and also serves as a spokesperson for Hedge Funds Care, a charitable organization working for the prevention and treatment of child abuse through fund raising. He replaces David Friedland, who was appointed as chairman.

In addition, Ron Geffner, a partner at Sadis & Goldberg and an expert in the regulatory field for hedge funds, was elected for a second term as vice president of The Hedge Fund Association.

Deutsche Bank’s management board expanded its group executive committee from 12 to 18 members, taking effect from 1 June. The changes followed group CEO Josef Ackermann’s announcement that he will stand down later this year.

The members of the group executive committee:  Jürgen Fitschen, designated co-chairman of the management board and the GEC; Anshu Jain, designated co-chairman of the management board and the GEC; Stefan Krause, chief financial officer and a member of the management board; Rainer Neske, head of private and business clients and a member of the management board; Stephan Leithner, designated human resources, legal and compliance head; CEO of Europe (ex Germany and UK); and a member of the management board; Stuart Lewis, designated chief risk officer and a member of the management board; Henry Ritchotte, designated chief operating officer and a member of the management board;  Gunit Chadha, designated co-CEO of Asia-Pacific; Alan Cloete, designated co-CEO of Asia-Pacific;
Michele Faissola, designated head of asset and wealth management;
Colin Fan, designated co-head of corporate banking and securities, and head of sales and trading; David Folkerts-Landau, head of research; Colin Grassie, CEO for the UK; Robert Rankin), designated co-head of corporate banking and securities, and head of corporate finance; Christian Ricken, chief operating officer of private and business clients; Werner Steinmüller, head of global transaction banking; and Richard Walker, general counsel.

Brinton Eaton appointed Michael Maglio as a principal and senior financial advisor.

Graystone Consulting hired Robert Dow as executive director, based in the Chicago, IL wealth management office of the firm’s parent company, Morgan Stanley Smith Barney. Dow joined after more than two decades at Northern Trust, where he was latterly managing director for the company’s foundation and institutional advisors in the Midwest and the Northeast.

Fieldpoint Private, the wealth advisory and private banking firm, hired Robert Rigoroso as managing director for its office in New York. Rigoroso joins from Bank of America’s US Trust unit, where he advised on roughly $1.5 billion of assets for families and institutions. Before that, he worked for Citigroup’s private bank.

Guillermo Trevino was appointed to the board of directors of BBVA Compass as well as its parent firm BBVA Compass Bancshares, along with BBVA Compass’s wealth management and trust committees. Trevino is president of Southern Distributing, a beer and soft drink distributor that is part of the Southern Group of companies, which is owned and managed by the Trevino family

HighTower added Charles Holt - formerly a senior vice president at Merrill Lynch - to the firm’s Pagnato-Karp group, based in Washington, DC as partner and managing director. 

NexGen Financial Corporation, a Canadian mutual fund company that focuses on tax-efficient investments, added Mark Kinney and Margaret Hunter to its board of directors. Kinney replaced John Garrow on NexGen’s board, a former Newport executive who has resigned from the board. Hunter replaced Elizabeth Hunter on the board who could no longer serve due to a conflict of interest which arose after her appointment.

New York’s Geller & Company appointed Robert Wedeking as chief investment officer of the firm’s family office and wealth advisory business, Geller Family Office Services. Wedeking joined the 50-strong GFOS leadership team to “help guide its strategic direction,” the firm said.