People Moves

Weekly Round-Up Of Industry Moves

Eliane Chavagnon Editor - Family Wealth Report February 1, 2016

Weekly Round-Up Of Industry Moves

Here is a summary of all the hires covered by Family Wealth Report last week.

City National Bank, the private and business bank, recruited Brandon Williams to lead and expand its private client services division in New York. Williams and his team provide advice and services in investment management, credit, depository and cash management, wealth planning and trust services to high net worth families, non-profit organizations and professional services firms.

Williams replaced Scott Witter, who has been promoted to executive vice president. Witter heads City National’s branch and small business division and will relocate to Los Angeles. Williams spent the past 14 years building and leading teams at TD Bank in New York – most recently in wealth management. He also led the retail build-out of TD Bank (formerly Commerce Bank) in New York City and was the chief of staff to the chief executive and president. In his new role at City National, he reports to Michael Pagano, division head of private client services.

California-based Advisor Partners, the investment advisory firm, named Vikas Oswal as chief executive and chief investment officer. Oswal spent 18 years at Mellon Capital Management in San Francisco, CA, where he became an executive vice president and chief investment strategist. Oswal took on the position previously held by Dan Kern, who left the firm in October to join an advisory firm.

Family-owned, Indiana-based Salin Bank & Trust Company promoted John Coughlin to wealth management market president for Indianapolis. Salin Bank appointed Coughlin and William Varanka as vice presidents and wealth management business development officers in October last year. Coughlin was previously a vice president and business development officer at First Financial Bank, having previously held the same roles at Regions Bank from 2007 to 2013. Coughlin's career in financial services began in 1989 when he joined Charles Schwab until 1999.

Robert Fell joined Southeastern Trust Company, a division of Atlantic Capital Bank, as a trust officer from Wilmington Trust. Fell has 17 years of experience in trust and estate administration, investment management and estate planning. He will be working with the firm's private wealth group, based in Buckhead in Atlanta, GA.

Morgan Stanley brought in former Charles Schwab executive Naureen Hassan as chief digital officer within its wealth management division. This is a new role at the company in which Hassan will lead the strategy and marketing of digital tools and platforms serving its 16,000 financial advisors and 3.5 million clients. She starts on March 1.

Boston Private Wealth hired executives from the wealth advisory firms Filigree Advisors and Mikus Capital Management. The team from Filigree Advisors will be based in Beverly Hills, while maintaining a presence in the Northwest.

Gerald Graves joined as executive managing director of the West Coast division. Before co-founding Filigree Advisors, Graves was president at M Financial Wealth Management and earlier executive director and a managing partner at LEAP Partners in San Francisco. He also held senior leadership positions at Charles Schwab.

Chris Dudley joined as a senior wealth advisor and director of sports and entertainment, transitioning from his role as chief investment officer at Filigree Advisors. Prior to Filigree, Dudley was a vice president at M Financial Wealth Management. He also had a 16-year career as a player in the National Basketball Association, during which time he served as executive treasurer of the NBA Players Association and as a member of the Players Association Negotiating Committee.

Previously director of wealth services at Filigree Advisors, Sarah Pearce joined as an associate client advisor. Prior to Filigree, Pearce was a program manager at a branding and design agency. Meanwhile, with the addition of Mikus Capital Management, Boston Private Wealth expanded its presence to the island of Palm Beach, complementing its existing office in Palm Beach Gardens.

William Mikus – founder, president, and chief executive of Mikus Capital Management – joined as a managing director and senior business development officer. He has over 36 years of industry experience, having started his career in the trading rooms of Bank of Boston, Citibank, and Salomon Brothers.

Blackstone, the global investment titan, added Bloomberg executive Peter Grauer to its board of directors. Grauer has been chairman of Bloomberg, the global business and financial information company, since March 2001 and joined full-time as president and chief executive in March 2002 (until 2011). Before joining Bloomberg, Grauer was a managing director of Donaldson, Lufkin & Jenrette from 1992 to 2000 when DLJ was acquired by Credit Suisse First Boston. He is a founder of DLJ Merchant Banking Partners and DLJ Investment Partners and also served as a managing director and senior partner of CSFB Private Equity. 

William Wilby, former head of equities at Oppenheimer Funds, became a member of Tiedemann Wealth Management's investment committee. Wilby will work alongside fellow committee members Richard Nye, David Coulter, Robert Hormats, Yves Istel and Frederick Thorne to advise Tiedemann on investment strategies, asset allocation and manager selection.

At Oppenheimer, Wilby was responsible for over $120 billion in equity assets and 70 portfolio managers, investment analysts and support staff, at the time of his retirement in 2007. He is also known for his tenure as portfolio manager for the Oppenheimer Global Fund. Earlier in his career, Wilby held international finance and investment roles at AIG, Northern Trust, Brown Brothers Harriman and the Federal Reserve Bank of Chicago, as well as having served in US Army Intelligence in Vietnam and Europe.


John Bankson was appointed as head of Wells Fargo Private Bank's business advisory services group, taking over from David Isaacson, who the firm confirmed retired last year. The unit works with business owners and their advisors to develop a succession plan, value the business, sell the business or manage closely-held interests held in trust or agency accounts.

In his role, Bankson will be responsible for national leadership of the group, and growing its client base, which includes clients of The Private Bank and the ultra high net worth individuals, families and foundations that are clients of Wells Fargo’s Abbot Downing business. Prior to his new role, Bankson served as Wells Fargo’s business banking manager for northeastern South Carolina. In his more than 32 years of experience in the financial services industry and 18 years with Wells Fargo and predecessor banks, he has held various roels including market president for Florence, SC.

Fiduciary Trust Company International hired Theresa McGinley as a managing director and trust counsel, based in the firm's New York City headquarters. McGinley will help high net worth individuals and families with estate planning and trust administration including tax planning, preparation of estate tax returns, settlement agreements, reporting and valuation. She will also guide them on complex trust and estate arrangements including estate planning, gifting techniques and charitable strategies. McGinley joined Fiduciary Trust from Katten Muchin Rosenman, where she was an associate specializing in estate planning and trust administration. Previously, she was with Schlesinger Gannon & Lazetera.

The retail investment advisory firm and independent broker-dealer, LPL Financial, named Tracy Calder as a managing director and deputy chief risk officer. Calder will be based in Charlotte, NC, and report to Michelle Oroschakoff, managing director and chief risk officer.

Calder joined LPL from JP Morgan Securities, where she was most recently a managing director and chief compliance officer. There, she led a compliance program that spanned the firm's institutional and private client broker-dealer and RIA businesses. Before JP Morgan, she was a senior vice president at Wells Fargo Advisors, leading the retail compliance program for the firm's broker/dealer.

Earlier still, Calder spent 18 years at UBS Wealth Management Americas in a variety of legal and compliance roles, including as head of legal for the wealth management advisor group and as chief compliance officer. She was also senior deputy general counsel at UBS Financial Services.

First Republic Bank hired René Henriksen as a managing director and portfolio manager in Century City, CA. Henriksen was previously a senior vice president at UBS in Century City since 2009 and before that worked at Deutsche Bank and Donaldson, Lufkin & Jenrette. He began his career as a US Naval Officer.

Boston Private, a subsidiary of Boston Private Financial Holdings, hired Marie DelRossi as a vice president and senior business development officer in its trust and fiduciary services group, and David Macdonald as a senior vice president of commercial lending. DelRossi is tasked with expanding Boston Private’s trust and estate administration presence in New England while developing a portfolio of individual and family clients. Before joining Boston Private, DelRossi was a SVP and trust officer at US Trust and a trust and estates associate at Ropes & Gray, and Prince, Lobel, Glovsky & Tye.

Macdonald, meanwhile, has extensive experience working with small to medium-size businesses on matters including working capital, asset finance, management and family buy-outs, recapitalizations and acquisition financing. As leader of Boston Private’s California commercial lending team, Macdonald’s primary focus is to manage new commercial and private banking relationships with privately-held businesses, professional services firms, private partnerships, real estate entities and non-profit organizations across California and the West Coast.

He was previously regional commercial executive and SVP at HSBC, establishing the company’s Southern California middle market commercial banking business and running its corporate business. Before that he was head of corporate banking at Lloyds Banking Group, covering 10 loan production offices across the US.

Northern Trust added Gregory Jordan and Christine Holm to its foundation and institutional advisory group in the Midwest, based in Chicago, IL. Jordan is a senior vice president and managing director for the central region. He was previously the national philanthropic investment officer at Wells Fargo. Holm is a vice president and regional director for the central region. She previously spent 15 years as vice president and director of charitable management services at Fifth Third Bank.

Man GLG, the discretionary investment management business of listed hedge fund firm Man Group, appointed Guillermo Ossés as head of emerging market debt strategies, based in New York. The role has been newly created, Man Group later confirmed to this publication. Ossés brings 24 years of experience in emerging markets fixed income investing. He previously worked at HSBC Asset Management, joining in 2011. Prior to this, Ossés was an emerging markets fixed income portfolio manager at PIMCO and held emerging markets positions at Barclays Capital and Deutsche Bank. The recruitment of Ossés by Man GLG followed its acquisition of Silvermine and the recent hire of Himanshu Gulati last year, as the firm expands its presence in the US. Ossés will report to Man GLG’s co-chief executive Teun Johnston.

Andrew Randak joined Greenwhich, CT-headquartered Fieldpoint Private from Brown Brothers Harriman as a managing director and senior advisor in New York City. Randak spent 15 years at Brown Brothers Harriman, where he was responsible for much of the firm's Latin American wealth advisory business in Argentina, Chile, Peru and Venezuela. Before BBH, Randak was a private banker at The Chase Manhattan Bank, where he spent time in the firm's Santiago, Chile, offices.

Perspecta Trust hired R Angus West as a senior wealth strategist at its Hampton, NH, headquarters. West previously served as executive director and chief investment officer at the Cabot-Wellington family office – roles he held for ten years. He is a graduate of Harvard College and began his career as an investment analyst at JP Morgan. At Perspecta, which oversees around $8 billion in assets across a few dozen families, West will work with wealthy families and industry practitioners in the Boston area.

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