The latest moves and hires in the North America wealth management industry.

PlainsCapital Bank has hired two Houston-area wealth management figures for its private banking initiative in the greater Houston and Coastal Bend areas. 

The hires are Steve Schaller, CFA, and Jeff Horner, CFP, who join as private bankers serving high net worth individual clients and family offices. 

Schaller has been named executive vice president and market manager, and Horner has been named senior vice president and wealth strategist. They report to Thomas Neville, executive vice president and head of private banking and wealth management for PlainsCapital. They are based in Houston. 

The bank, explaining its growth strategy, cited the US Wealth Report for 2015, saying that wealth among high net worth individuals in the US grew to $15.2 trillion, with the largest increase in new HNWIs coming from Texas and the West Coast. Houston was ranked 7th for total number of HNWIs. 

Schaller has 30 years of banking experience to his new role, including 16 years of portfolio management and investment experience in client management, asset allocation, investment program implementation and new business acquisition. He earned his Bachelor of Science and MBA degrees from Vanderbilt University. Horner has more than 15 years of experience providing customized wealth planning services to HNW individuals. He earned his Bachelor of Business Administration degree from Baylor University.

ILPA
An international trade association representing institutional investors in private equity, including family offices and foundations, has retained head-hunter firm Arlington Partners International to find a new chief executive to take over from the interim CEO named to the job in July this year. 

Arlington is being used by the Institutional Limited Partners Association to find a person to fill the chief executive role on a permanent basis, it said in a statement late last week. 

In July, ILPA said Mike Mazzola had taken on the role of interim CEO, following the departure in June of Peter Freire. 

Mazzola, who had a 25-year career in the private equity industry, was also chairman of the ILPA Board from 2012-2015. 

The association has more than 4,000 professionals and over 450 member organizations collectively overseeing more than $1 trillion of private equity assets.