The latest wealth management moves in North America.

Steward Partners
Steward Partners Global Advisory, the US employee-owned firm, has appointed long-serving Merrill Lynch figure Paul Sullivan as partner and managing director, head of internal sourcing. This is a newly-created role.

His main job is to educate and advise wirehouse financial advisors on the benefits of independence, especially as it relates to Steward Partners' partnership models and choice of custodians, the firm said in a statement yesterday. 

With 37 years of financial services experience, from 2021 to 2023 he was regional managing director (East Coast) with Sanctuary Wealth. He began his career with Merrill Lynch in 1986 as a client associate at the SD Financial Center in New York and rose through Merrill's ranks in a variety of posts. 

Established in 2013, Steward was responsible for about $30 billion in client assets as of April 2023. 

Jacmel Partners
Jacmel Growth Partners, a minority-owned, US private investment firm, has appointed Jorge Mora who will join as co-managing partner. Mora is a veteran of the financial services and private equity industry. 

The business is also renaming itself as Jacmel Partners and moving to new offices in Manhattan to accommodate expansion.

Mora has three decades of experience in private equity and corporate advisory. From 2011 to 2016, he was vice chairman, senior managing director and head of US financial sponsor coverage at Macquarie Group. Earlier in his career, Mora was MD and head of financial sponsor coverage at Lazard Freres & Co and MD at UBS Investment Bank. He also served as MD at The Exxel Group, the largest private equity group in Latin America at the time. 

Upon graduating from the Wharton School of Business in 1993, Mora joined Donaldson, Lufkin & Jenrette.  

Jacmel, founded in 2015, is moving its headquarters to 320 Park Avenue in New York. Since inception, Jacmel and its managers have invested in 11 companies across five platforms. It was founded by Nick Jean-Baptiste, who developed the firm's differentiated approach after over 15 years of Wall Street and private equity experience.

EisnerAmper
Global business advisory firm EisnerAmper has appointed industry veteran Chris Brodersen as managing director in its business advisory group. Brodersen will be based in the firm’s Iselin, New Jersey office.

With about 40 years of financial sector experience, Brodersen holds vast cross-industry expertise in applying blockchain technology and digital asset solutions. He is experienced across the financial services, healthcare, retail, manufacturing and logistics sectors. Specializing in blockchain applications, particularly digital assets, he will guide EisnerAmper’s practitioners and clients. 

Prior to this, Brodersen served as a blockchain lab leader at a “Big 4” accounting firm.

“Blockchain and digital assets are an increasingly important part of our firm’s service offerings,” Nicholas Tsafos, partner-in-charge of EisnerAmper’s blockchain and digital assets group and the New York City office, said.