The latest moves in wealth management across North America.

Northern Trust
Northern Trust has appointed Alex S Tanouye to its wealth management group as a vice president, senior trust advisor and relationship manager. 

Tanouye joins the firm’s Washington DC advisors focusing on providing high net worth clients with investment management, trust and estate solutions, and banking services. As an attorney in private practice for over 13 years, Tanouye is experienced in handling trust and estate law, wealth transfer taxation, and fiduciary income taxation.

Tanouye has written, presented, and led instruction at local, state, and national levels on a variety of trust and estate topics, including spousal elective share laws, estate and gift taxation, and fiduciary income taxation. He serves as president of the Estate Planning Council of Montgomery County, Md, and as a vice chair of the American Bar Association Section of Real Property, Trust and Estate Law’s Committee on non-tax issues affecting the planning and administration of estates and trusts.

Prior to joining Northern Trust, Tanouye was a partner at the Bethesda, Md law firm Pasternak & Fidis.

Tanouye served in the US Army Reserve from 1994 through 2002, and ultimately attained the rank of Sergeant (E-5) before being honorably discharged. (This publication recently reported on the trend of former military personnel working in the private client and wealth management sector.)

StatPro
UK-listed StatPro Group, which provides cloud-based portfolio analytics and asset pricing services for investment firms, has made two senior appointments for its Canadian business, while revamping its operational structure.

Officially starting from January 1, 2019, StatPro will begin to operate across three divisions: StatPro Revolution, Source: StatPro, and StatPro Infovest. The Revolution division will focus on their cloud-based performance and risk analytics platform. Source: StatPro will focus on their market data and index services, and Infovest will focus on investment data management solutions.

Source: StatPro operates globally from its Montreal, Milan and London offices. By dedicating a division to its data services, the firm said that it is showing a renewed focus on this part of its business. As part of the process, it has appointed Gordon Bloor as chief executive for Source: StatPro. The firm has also appointed Nico Coetzee as director of StatPro Canada, who will be responsible for driving StatPro’s growth strategies across all divisions for Canada. Coetzee, who is based in Toronto, has almost two decades of experience working for asset managers, fund administration and private wealth firms.

The group has operations in Europe, North America, South Africa and Australia. The business has annualized recurring revenue of around £54 million ($69.5 million), rising from less than £1 million in 1999. The firm is listed on the London Stock Exchange’s AIM market.

HSBC Private Banking - Americas
HSBC Private Banking - Americas has appointed five new hires dedicated to clients based in core markets within Latin America including Argentina, Brazil, Chile and Mexico. 

The firm has appointed Miguel Corvalan and Nicolas Nuñez as senior relationship managers. Corvalan joins HSBC from Credit Suisse, where he was managing director, senior banker and certified wealth management advisor. Previously, he served as a senior relationship manager in Miami, working primarily with Latin American private banking clients.

Nuñez joined HSBC from Itaú – CorpBanca in Chile, where he led a team of bankers dedicated to private wealth and advisory services to high net worth individuals. He has more than 10 years’ experience in financial services.

It has also appointed Laura Caputo and Santiago Robledo as investment counselor.

Prior to joining private banking, Caputo held several roles with HSBC Argentina including balance sheet manager and in global markets sales. She has been with HSBC Group for 12 years. Robledo has more than a decade of experience developing and implementing investment strategies for international ultra-high net worth clients. Prior to joining HSBC, he held similar roles with both Citi Private Client and Merrill Lynch Wealth Management.

Lastly, Nicole Schuery joins as investment counselor analyst. Schuery is responsible for supporting investment counselors in positioning and delivering investment solutions to clients and prospects. Prior to her current role, she served as a senior registered client associate at Wells Fargo Advisors.

Popular
US-based Popular Bank has launched Popular Trust Services, part of the group’s wealth management and private banking arm that caters to high net worth clients.

Anthony Pasculli has been named Popular Bank’s senior trust advisor. Prior to joining Popular Bank, he was a trust officer and managing director with a leading financial institution where he managed in excess of $1B in assets under management. Pasculli will focus on estate administration, trusts, charitable trusts, foundations, IRAs, investment management accounts, special needs trusts, and other fiduciary and non-fiduciary relationships.

The Popular Wealth Management and Private Banking Division was launched in June last year, pulling investments, insurance, and national mortgage business lines under a singular wealth management platform. It holds nearly $325 million in assets under management in both deposits and investments.

Popular Bank is part of Nasdaq-listed Popular.