It may be a holiday month but several wealth managers clearly did not get the memo, judging by a raft of moves, with RBC Wealth Management and BNY Mellon Wealth Management featuring prominently.

Raymond James hired two new financial advisors, Rosa Ebling and Jack Bayer, to join its Chicago office, managed by complex manager Brian Lampsa. Ebling joined from Robert W Baird & Co, where she previously managed $193 million in client assets. Bayer came over from JP Morgan Securities, where he previously managed $230 million in client assets. 

Royal Bank of Canada Wealth Management added to its team in Pittsburgh, adding a new $205 million team. The team is comprised of Bruce Georgi, a financial advisor with more than 32 years' experience, and Gerald Barkley, a financial advisor with 16 years of experience.

RBC Wealth Management recruited a new advisor team from Insight Private Wealth, a national financial advisor practice based in Boston and New York. Insight Private Wealth will be a part of RBC Wealth Management’s exclusive RBC private wealth service offering. Insight Private Wealth is comprised of managing director Paul Roche, managing director Christopher Bayles, senior business associate Jennifer Reardon, and registered associate Yuri Dagan. The team manages in excess of $500 million for wealthy families, and were formerly family wealth directors at Morgan Stanley. Roche has 22 years' experience in the industry and Bayles has 18 years' experience in the industry.

Separately, RBC Wealth Management recruited Allen Smith to its Plano office in Texas. Smith, who is a senior vice president and financial advisor, previously worked at Hilltop Securities. He has more than 20 years of industry experience and managers $180 million of asseets. Kimberley Shelton, senior registered client associate, also joined the firm. 

RBC Wealth Management also appointed Matt Wunder as branch director of its Mclean, Virginia office. Wunder has joined RBC Wealth Management from Stifel Nicolaus & Company where he was vice president, branch administrative manager. He has 15 years of industry experience. 

BNY Mellon's Pershing appointed Jim Crowley as its chief operating officer. He most recently served as the company's chief relationship officer, overseeing relationship management strategy across its businesses and collaborating on strategic relationships across BNY Mellon. Crowley replaces Lori Hardwick, who left the company in February.

BNY Mellon Wealth Management has opened an office in Houston, Texas. Regional managing director Thomas Cademartori will head the office, located at 2229 San Felipe Street, along with Dallas-based Texas regional president Todd Carlton. Cademartori has nearly 20 years of wealth management experience, previously serving as vice president in BNY Mellon Wealth Management’s Dallas office. He brings extensive regional knowledge and expertise to his new role, having spent the majority of his career in the Texas market.

BNY Mellon Wealth Management also named William R Gibbs as a wealth director in the firm’s Seattle, Wash. office.  Reporting to regional president James Barnyak, Gibbs is responsible for driving business development efforts around mergers and acquisitions and business succession planning. Previously, Gibbs was a vice president and financial advisor at Bernstein Private Wealth Management in Seattle for five years. Before that he held several executive leadership positions in sales, management and regulatory affairs at Boston Scientific Corporation/Guidant Corporation. He also spent five years in the US Army as an Armor Company Executive Officer, an Assistant Battalion Logistics Officer, and a Platoon Leader in the Armor Platoon. 

BNY Mellon Wealth Management appointed Pamela Murray as managing director of business development in Boston. Murray reports to Vicary Graham, president of the New England operation, and she will be responsible for driving business development efforts for the company’s Boston office. She has more than 28 years' experience in financial services. Most recently, she was a senior client advisor and a managing director at Rockefeller & Co. based in its Boston office, and was responsible for business development and client management related to families and non-profits. 

Malvern Federal Savings Bank, the wholly-owned subsidiary of Malvern Bancorp, appointed Andrea Cho as senior vice president, private banking of Malvern.  Cho leads Malvern’s private banking division, which assists high net worth individuals, families and businesses with wealth management, commercial and residential lending. She operates out of the bank’s Villanova office. Prior to joining Malvern, she served in wealth management and private banking executive management positions at Bank of America, Morgan Stanley, U.S. Trust Bank of America and Bank of America Merrill Lynch. 

Golden State Wealth Management brought wealth managers, Gabriella Lundqvist and Daniel Poppers of Lundqvist Wealth Strategies to its operation. Lundqvist and Poppers, a husband and wife team, joined their businesses to form Lundqvist Wealth Strategies to provide comprehensive support to help clients achieve their personal financial goals.

Cumberland Trust, a Nashville-based independent trust firm, promoted seven employees to the role of senior vice president. Jaclyn Berry, Caroline Bradshaw, Christopher Buckley, Debbie Butler and Lori Thoeny became senior vice presidents and will assume their previous role of trust officers, and Rebecca Halvorson and Fontaine Lee became senior vice presidents and business development officers in Memphis and Atlanta, respectively.

US wealth manager Diversified Trust appointed Trey Tally as a senior vice president at the company's Memphis office. Tally joined after serving as a senior vice president at Pinnacle Financial Partners in Nashville, where he managed fiduciary assets held in trusts, IRAs, investment management accounts, escrow agreements and estates.

NASDAQ-listed First Foundation Inc, a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, appointed Andres Melgar as branch manager at its new San Diego location. Melgar has over 10 years of experience in the banking industry. He most recently was at Citizens Business Bank as vice president, senior commercial lender and also spent time as a Branch Manager at several San Diego locations of Union Bank of California. First Foundation, founded in 1990, has offices in California, Nevada, and Hawaii with headquarters in Irvine, CA.
Insight Investments widened the role of Scott Sullivan, who has led the Ampil division, so that he now has leadership of the company’s financial services division, Insight Financial Services. 

Former Merrill Lynch financial advisors, John R Edgecomb Sr and his son John Robb Edgecomb Jr, recently joined the Austin-Barton Hills office of Raymond James & Associates. The pair, who managed close to $200 million in client assets at Merrill Lynch, operate as The Edgecomb Group of Raymond James. They were joined by Evette Mock-Hernandez, a senior portfolio analyst, and Mia Salomon, a registered senior client service associate.

Fiduciary Trust Company International, the global wealth manager, named Gerard Joyce Jr national head of trust and estates. Based in New York, he oversees the firm's trust and estates strategy and administration in the US. He leads the group's team that engages with clients and their advisors across the world. He joined Fiduciary Trust after spending nearly 17 years with HSBC Private Bank, where he served as managing director and head of its US personal trust division.

OppenheimerFunds appointed Paul Brunswick as a senior business consultant to its CEO Advisor Institute. He reports to Paul Blease, director of CEO Advisor Institute at OppenheimerFunds. Brunswick represents the firm's CEO Advisor Institute's personal and professional development programs to advisors across the US. Brunswick has 30 years' experience in the financial services industry and has worked closely with institutional and ultra-high net worth clients. He joined from  CEG Worldwide where he led its corporate solutions division. Prior to CEG, he was the managing director of national business development for Smith Barney.

Citi Private Bank appointed Kush Malhotra as regional market manager for Western Region. He oversees a team of private bankers and investment advisors servicing clients in Los Angeles, Beverly Hills, Orange County and Phoenix. He is based in Los Angeles and reports to Halé Behzadi, global market manager, Western Region. Previously, Malhotra served as regional market manager for Western Canada at Citi Private Bank. Prior to that, he served as an onshore country manager at Citi Private Bank in Indonesia and as a senior private banker in Singapore.

TIGER 21, the peer-to-peer learning network for high-net-worth wealth creators, hired Erica H Ross as senior vice president of content, and is based in New York City. Ross works alongside Abby George, TIGER 21’s SVP of programming. She previously worked at JP Morgan, where she was global head of events for the private banking side of that firm, and worked at JP Morgan for 10 years. Ross was responsible for the private bank’s annual Alternative Investments Summit. Previous employers included Deutsche Bank, UBS and Royal Bank of Scotland.

TIGER 21 also expanded into Missouri, launching a group in St Louis. The group is chaired by investment management professional Robert Tynes. Tynes is managing director and principal at Gratry & Company, a registered investment advisor that serves institutional and high-net-worth investor clients. to joining Gratry, Tynes was a senior investment specialist at JP Morgan's Private Wealth Management division in Chicago. He has also previously served as a product manager for Goldman Sachs Asset Management, and as a national accounts manager for Ibbotson Associates.

Bernstein Private Wealth Management appointed Joshua B Rosenberg as a director and financial advisor at the firm’s Atlanta office. Rosenburg previously was a financial advisor at Atlanta-based family office Bessemer Trust, looking after client development in the southeast region. He also served as a wealth strategist at GenSpring Family offices.

Taaffeite Capital Management a quantitative asset management firm, has appointed Ronald Raymond as chief operating officer. Raymond is a 21-year veteran in the asset management industry with extensive experience in hedge fund operations and compliance. He oversees Taaffeite’s operating units and capital markets execution. Raymond previously served as COO and chief compliance officer of Blueshift Capital, a commodity based long/short fund. Previously, he was director of Operations at Vermillion Asset Management (acquired by The Carlyle Group), and vice president of operations at Dreman Value Management. Raymond holds a B.S. in Finance from Rutgers University.

Andersen Global appointed Dan DePaoli as the regional managing partner for the US, Canada and Israel. He serves on the board of directors in the US and has been the US country managing director of Andersen Tax LLC for nearly two years. Along with two other regional leaders, DePaoli focuses on specific regional strategies and is part of the larger structure that will support the growth of Andersen Global and its member and collaborating firms. He began his career at Arthur Andersen over 25 years ago.

Peapack-Gladstone Financial Corp appointed Carmen M Bowser to its board of directors and of Peapack-Gladstone Bank, effective September 28. Bowser most recently served as managing vice president, commercial real estate division, at Capital One Bank, New York, NY, where she was responsible for a 100-person team operating in areas such as new loan originations and asset management. Prior to joining Capital One, Bowser was a principal/managing director for Prudential Mortgage Capital Company, where she led the commercial mortgage origination teams in McLean, Virginia, Boston, Massachusetts and New York City.

SignatureFD, the financial advisory firm, appointed Lance Stafford, CFA, as a principal. Stafford advises high net worth individuals and families. Previously, Stafford spent three years as an investment counselor with one of the world’s largest asset management companies (not disclosed in SignatureFD’s press statement). He is a CFA charter holder and earned an MBA from the McCombs School of Business at the University of Texas at Austin.

Central Bank of Bahamas appointed Derek Rolle as deputy governor. He took over from Michael Lightbourne, whose tenure as deputy governor ended on June 30. A 28-year veteran of the Central Bank, Rolle has served in various positions within the firm, most recently as senior manager and head of the banking department.

City National Bank, a subsidiary of Royal Bank of Canada, appointed John Randall as chief credit officer and a member of its executive committee. He is based at City National Plaza, the company’s headquarters in downtown Los Angeles, and reports to Russell Goldsmith, chairman and chief executive of City National and chairman of RBC Wealth Management US. Randall is responsible for City National’s credit management, and leads a team of more than 75 colleagues. He also implements a credit risk strategy aimed at facilitating growth and upholding the quality of the company’s $28 billion loan portfolio. Prior to City National, Randall was at Wells Fargo, where he was most recently executive vice president and regional senior credit officer. 

BMO Wealth Management (US) appointed a national head of banking for its private banking arm, while at the same time this side of the business is offering Canadian clients free access to tens of thousands of ATMs across the US and Puerto Rico. Jim Duff was named as national head of banking for BMO Wealth Management’s Private Bank. Duff has been with BMO for over 13 years - holding a number of progressive roles prior to becoming regional business banking head. 

Morgan Stanley recently formed the Great Lakes Bay Group Team. The group is led by August J Hurt, senior vice president, financial advisor; Steven Lutenski, senior vice president, financial advisor; Nickolas T. Barris, senior vice president, financial advisor; and Kayla Lange, financial planning associate. The office is in Saginaw. The team is also supported by Kelly J. Herman, senior registered associate, and Ashlee B. Bennett, client service associate.

Wells Fargo & Company made several changes to its board of directors. It named Elizabeth Duke to succeed Stephen Sanger as independent chair. Sanger stepped down at the end of 2017. Duke served as a member of the board of governors of the Federal Reserve System from August 2008 to August 2013, where she was chair of the Federal Reserve’s committee on consumer and community affairs and a member of its committee on bank supervision and regulation, committee on bank affairs, and committee on board affairs.

The firm also appointed Juan Pujadas, a retired principal of PricewaterhouseCoopers, as a new independent director, effective September 1, 2017. Among many senior positions at PwC, Pujadas was vice chairman of global advisory services of PwC International, led the US firm’s advisory practice, and led PwC’s global risk management solutions practice for the Americas. Also, the firm said that Cynthia Milligan, who joined in 1992, and Susan Swenson, who joined in 1998, retired from the board at year-end 2017.
 

---

US Trust, the wealth management arm of Bank of America, made 12 hires in July, it later disclosed. Susan Burnett joined the Los Angeles office as a private client advisor. She previously worked at Deutsche Bank as a private banker. Elizabeth Perkins has joined the Walnut Creek office as a senior trust officer. She previously worked at ATG Trust Company as a senior trust officer. Sherry Kuntz has joined the Denver office as a senior trust officer. She previously worked at Fortis Asset Management as a director, wealth planning.

In Connecticut, Michelle Hagan joined the West Hartford office as a private client manager. She previously worked at First Niagara Private Client Services as a vice president, relationship manager. Gregory Murphy joined the Westport office as a private client advisor. He previously worked at ICBC Standard Securities as a director, EM credit sales. In Florida, Whitney Loggins joined the Jacksonville office as a Private Client Manager. She previously worked at Prospect 33 as a Consultant. Meanwhile in Illinois, Kelsey Paul joined the Chicago office as a regional fiduciary officer. She previously worked at BMO Harris as a senior trust administrator.

Melissa Jacoby re-joined the Boston office as a regional fiduciary advisor. Pakhi Eder joined the New York office as a portfolio manager. She previously worked at JP Morgan as a senior portfolio manager. Evan Durst went to the Pittsburgh office as a senior trust officer. He previously worked at PNC Bank as a relationship strategist. Diego A. Patino was named to the Houston office as a private client manager. He previously worked at Citigroup as a private banker. Laura Hannon joined the McLean office as a private client manager. She previously worked at Wells Fargo Private Bank as a banker.

Deutsche Bank appointed one of its senior figures, Tom Patrick, as its new chief executive for its Americas business, taking the helm from Bill Woodley, leaving after a 19-year career at the lender. Patrick joined Deutsche in 2012 and previously spent 18 years at Bank of America Merrill Lynch, where he held a number of leadership positions in banking and markets. All Americas or US heads of business divisions and infrastructure functions report to Patrick in addition to their existing functional reporting lines. Patrick reports to Cryan. Woodley joined Deutsche Bank in 1998 and served in a number of leadership roles including deputy CEO of the Americas, chief operating officer of regional management and COO of Asia.

Penn Capital Management promoted Randall Braunfeld and Bradley Tesoriero from research analysts to senior research analysts. Braunfeld began his career with Penn Capital in 2015. He covers research of the utilities sector for the firm’s high yield strategies and is the primary research analyst for the firm’s senior floating rate loan offerings. Prior to joining the firm, he was a portfolio manager of a high yield BB rated bond portfolio for First Niagara Bank.

Tesoriero began his career with Penn Capital in 2015. He covers research of the industrials sector and parts of the materials sector for the firm’s equity, high yield and leveraged loan strategies. Prior to this, he was a research associate at CRT Capital, where he focused on distressed debt, equity and high yield research for the media and telecommunications sectors.

Gibraltar Private Bank & Trust hired Doug Moffitt as its new head of wealth management. Moffitt joined the firm from US Trust, the private wealth management business of Bank of America, where he was managing director for the investment division.

Angeles-based middle-market private equity firm LightBay Capital appointed David Leeney as managing director and head of business development. He is responsible for coordinating LightBay’s deal sourcing and relationship management efforts. With more than 14 years of business development and investor relations experience, Leeney spent ten years at LA-and London-based firm The Gores Group, serving as head of global origination where he oversaw business development for the firm’s investment vehicles, including its small-cap and mid-cap funds.

Toronto Financial Services Alliance, a public/private initiative to enhance the competitiveness of Toronto as a global financial services centre, appointed Jennifer Reynolds to succeed Janet Ecker as chief executive. Ecker announced her retirement in April this year. Reynolds, currently CEO of Women in Capital Markets, a network of professional women in the Canadian capital markets industry, has extensive experience in the financial sector. She has held positions in private equity and risk management at Scotiabank, BMO, OMERS Strategic Investments and Stonecap Securities.

Investors Advisory Group brought in Michael J Koerner as a financial advisor to its team. Koerner has been serving clients since 1998, most recently through Annex Wealth Management. He originally trained as an architect. In 2016 Koerner served as President of the FPA® of Wisconsin and the board chair in 2017. 

JFS Wealth Advisors, an independent wealth management firm with over $2 billion in assets under management, promoted senior lead advisor and managing principal Louis Colella to president of advisory services. In this new role he oversees each of the advisory and functional wealth planning teams in all six offices across the firm. Colella has over 30 years’ experience in the industry. Since joining JFS in early 2015, he has led the firm’s Hermitage, Pennysylvania and Northeast Ohio wealth management teams and will maintain those responsibilities as he fulfills his role as president of advisory services.

CUNA Mutual Group, the insurance and investment firm in the US, hired Rob Comfort as president of CUNA Brokerage Services, Inc. and Martin Powell as vice president of strategic account development and management for the company’s wealth management business. Previously, Comfort was executive vice president at LPL Financial where he guided strategic direction for the company’s business consulting team and managed partnerships with bank and credit union clients. Powell works for CUNA Mutual Group’s annuity business to lead the distribution expansion for the company’s fast-growing annuity products into broker-dealer relationships. He has more than 20 years of experience in wealth management, business management and sales development. Most recently, he was vice president and senior account manager with Lincoln Financial Group, where he led strategic partnerships and product sales strategy.

Summit Trail Advisors appointed Justin Waterman as partner and named Sarah Silverio as vice president. The duo advise on $500 million of client assets and will be based at Summit Trail headquarters in New York City. Waterman and Silverio joined from Fischer and Company. 

J O Hambro Capital Management (JOHCM) appointed portfolio managers Giorgio Caputo and Lale Topcuoglu to lead a global multi-asset income investment strategy. Caputo leads the global multi-asset team in JOHCM's New York office. He was most recently employed as portfolio manager and senior analyst by First Eagle Investment Management. Topcuoglu, head of credit, is also based in New York. She has worked for 17 years at Goldman Sachs & Co. and Goldman Sachs Asset Management (GSAM), where she was most recently global head of alternative corporate credit and co-manager of the Goldman Sachs Income Builder Fund.

Merrill Lynch appointed Joe Lowery as market executive for the Pacific Islands market. Lowery joined Merrill Lynch in 1995 as a district sales manager in Houston and in 1996, he was appointed market executive for the Gulf Coast market. He became market executive in Kansas City in 2003 before 

State Street Global Advisors appointed Rakhi Kumar as head of environmental, social and governance (ESG) and asset stewardship, reporting to Lynn Blake, chief investment officer for SSGA’s global equity beta solutions. He leads a team across SSGA’s ESG investments and asset stewardship groups, including Chris McKnett, head of ESG strategists. In this role, Chris leads a team of ESG strategists responsible for developing product and driving thought leadership content.

 

Additionally, Matt DiGuiseppe was appointed as head of the Americas. Most recently, DiGuiseppe managed engagement and proxy voting activities at Nuveen, the asset management division of TIAA.
Raymond James appointed financial advisors Keith Bock, Mark Downey and Jason Peterson to its Rochester, New York office which is managed by Jeff Wolk. The trio, former Wells Fargo advisors who managed more than $300 million in client assets and had almost $2 million in production, operate as BDP Wealth Management of Raymond James. They were joined by senior registered client service associate Janet Emhof. Bock, who is senior vice president of investments, has around 40 years' experience in the industry. He spent 39 years at Bache, which became Prudential, Wachovia and finally Wells Fargo Advisors. Downey, senior vice president of investments, began his financial services career in 1991 with Prudential-Bache which ultimately became Wells Fargo Advisors. Peterson, vice president of investments, began his career in 2004 with Merrill Lynch in its financial advisor training program, and moved to Wells Fargo two years later. In 2008, he joined the team with Bock and Downey.

Alex. Brown, a division of Raymond James, appointed managing director and client advisor Todd Kissel; vice president, investments and client advisor Joshua Pasahow; investment portfolio associate Ida Ng; and senior client service associate John Rivera based in the Park Avenue, New York City office of Alex. The team, which operates as East Coast Advisors, came to Alex. Brown from Morgan Stanley, where they managed over $500 million in client assets and generated more than $3.3 million in annual fees and commissions.

Oppenheimer & Co, wealth manager and investment bank, appointed two newest branch managers. Kevin Friedman joins as the branch manager for the Los Angeles office, and Christopher DiPenta joins as branch manager for the Florham Park and Summit, New Jersey offices. Friedman began his career at Merrill Lynch. Prior to joining Oppenheimer, Friedman spent 18 years with Wells Fargo Advisors. DiPenta, who has more than two decades of experience in the industry, was previously a senior vice president at Stifel.

RBC Correspondent Services, a clearing firm for independent broker-dealers, and RBC Advisor Services, which is a custodian for registered investment advisors, appointed Dave Hutchinson as a business development manager. Previously, Hutchinson has held senior roles in sales and relationship management at Charles Schwab Advisor Services and Fidelity Investments.  He has also led distribution efforts for portfolio management, technology and platform services that target the investment community.

tru Independence, a wealth management firm, appointed Craig Butler as managing partner, based in Atlanta, GA. Butler has more than 20 years of experience in the financial sector. Most recently, he served as co-founder of TruClarity, a platform that guides advisors to independence. Prior to that, he held an 18-year tenure at Fidelity and was both vice president and regional vice president of business development.

Citi Private Bank appointed Rob Laughlin as regional market manager for the Metro New York team. Laughlin moved from Los Angeles, where he served as regional market manager, to New York and he will report to Ida Liu, global market manager Metro New York. Prior to his role as regional market manager in the West, Laughlin served as head of Citi Trust North America.

The bank also said James Rudolph re-joined the firm as managing director and ultra-high net worth private banker on the Metro New York Team. Rudolph reports to Liu as well.

Wilde Wealth Management appointed financial planner Dustin Brown as affiliated advisor based in Scottsdale, Arizona. He does business under the name DM Brown Financial Services. Brown has over 12 years' experience in the industry. 

HSBC's private bank made four new Americas regional appointments: Steve Simon, regional head of credit advisory; Alex Catterick, alternative product specialist; Vincent Fontana, regional fixed income product specialist; and  Vikram Singh, regional structured product specialist. 

A father-and-son team formed a new independent wealth advisory firm, Entruity. The creators are Bradley C Barnes, son Andrew. Both men worked at Morgan Stanley; in the case of Bracley Barnes, he has worked at that firm for more than 36 years.

Baker Tilly Virchow Krause, the law firm, appointed Jeff Jorge, principal, to head the firm’s international services practice. Jorge previously served as desk leader for Baker Tilly’s international growth services practice and Latin America-US services. He joined Baker Tilly in June 2015 after a successful merger with Global Development Partners, a firm he founded.

Westchester Capital Management, a RIA, added two senior members of its team: Reny Mathew, who joined as associate director of sales and investor relations, and J T Fucigna, who joined as managing director of business development.