The latest senior wealth management sector moves in North America.

Causeway Securities
Causeway Securities has named Bob McDermott CEO of Causeway Securities, its US broker-dealer. He will also be joining the global executive committee of Causeway Securities Limited.

McDermott will lead the firm’s strategy and growth across the Americas, His remit is to build the US business out from structured products into a broader investment and distribution platform. That includes pushing further into the institutional RIA market, entering the broker-dealer channel and developing US asset management capabilities, the firm said in a statement this week. 

He has joined from InspereX, where he was managing director and head of product and strategic partnerships. During 11 years at that firm, McDermott also led its structured products wholesaling team. Before that, he was an early partner at Orinda Asset Management and served in distribution and institutional client roles at a global ETF strategist. He also spent 16 years at Putnam Investments.

Causeway Securities provides structured investment products to financial institutions, wealth managers and professional investors. The firm which is headquartered in Belfast, gained FINRA membership in July 2022 to do business in the US. 

Raymond James
About 70 financial advisors at Synovus Securities, overseeing about $18.7 billion in client assets, will be moving to the Raymond James platform following the merger of Pinnacle Financial Partners and Synovus Financial Corp.

The advisors will join Pinnacle Asset Management, Pinnacle’s existing investment program run through Raymond James’ Financial Institutions Division (FID). The transition is expected to be completed in May 2027. Clients will receive investment and wealth management services through Raymond James Financial Services, Raymond James said.

The move will put wealth management across the merged bank on a single platform. Pinnacle completed its merger with Synovus in January 2026. The deal created a regional lender with about $117.2 billion in assets and more than 400 locations across nine states in the Southeast and along the Atlantic coast. The holding company is based in Atlanta and the bank in Nashville. The bank is trading under both brands until it consolidates under the Pinnacle name in early 2027.

“Bringing these teams into our existing relationship gives us a consistent foundation for wealth management across the combined firm,” said Wayne Akins, head of wealth management at Pinnacle.

FID runs brokerage and advisory programs for banks and credit unions. Its recent wins have been far smaller. Bank Midwest, based in Spirit Lake, Iowa, picked the division to support a program of six advisors with about $692 million in client assets.

The Synovus business is a sizable addition for Raymond James, which reported $1.92 trillion in client assets under administration at the end of June 2026. The firm said it recruited advisors with more than $56 billion in client assets from other firms in the first nine months of its fiscal year.

Pritzker
Pritzker Alternative Strategies, an investment firm, has appointed private markets investor Danny Quintana as investment principal.

Quintana brings more than a decade of experience executing private equity fund investing strategies and leading private markets investing and fundraising initiatives for family investors. 

Prior to this, Quintana worked at Promus Capital Management, where he helped manage the firm’s relationships with general partners across a series of private equity fund strategies and supported the firm’s fundraising among family offices, high net worth individuals and institutional investors. 

Before this, Quintana helped establish an in-house private equity investment program for family-owned investment firm Morgan Street Holdings. He began his career at Twin Bridge Capital Partners, a North American middle-market private equity fund-of-funds platform.