The latest moves in wealth management across North America.

Apollo Global Management
US asset management firm Apollo Global Management has appointed Scott Kleinman and James Zelter to serve as co-presidents, effective January 1, 2018. These are newly-created roles.

Both Kleinmann and Zelter will report to senior managing director and co-founder, Josh Harris.

In their new capacities, Kleinmann and Zelter will have full responsibility for all of Apollo’s revenue-generating and investing businesses. Kleinman will focus on Apollo’s equity and opportunistic businesses, and  Zelter will focus on Apollo’s credit and yield businesses. They both will continue to serve on the investment committees in their respective areas of focus.

Kleinman joined Apollo in 1996, and in 2009 he was named lead partner for private equity. Zelter is the managing director of Apollo's credit business, a member of Apollo’s management committee, and chief executive and director of Apollo Investment Corporation.

Apollo has offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai.  The firm has assets under management of approximately $242 billion, as of September 30.

Northern Trust
Northern Trust, the Chicago-headquartered bank, has appointed Paul Hudson as the new market leader of Sarasota and Manatee counties. Hudson will be responsible for business development strategy, along with client servicing activity to deliver investment management, trust and banking solutions to high net worth individuals in the region.

Hudson has more than 20 years of wealth management experience including 16 years with Northern Trust as a Sarasota-based wealth strategist. For the past five years, he was the managing director for US Trust in Sarasota, Fla. In his role, Hudson reports to Charlie Mueller, Northern Trust President of the West Florida Region. 

BNY Mellon
BNY Mellon Wealth Management has hired Carolina Montiel as a managing director in the firm’s family wealth investment dvisor group. 

Based in Miami, Montiel will report to Ridge Powell, managing director and team leader of the advisory group, and support the Florida region alongside MD Ray Sidwell and the international team. Montiel will provide investment advice to the office’s ultra-high net worth family clientele.

Previously, Montiel was a senior vice president and head of Investment Strategies Group Americas at EFG Capital International Corp. in Miami. In that role, she developed strategies for Latin American clients, was a member of the global asset allocation committee and chaired the local investment strategy committee. She has a 25-year career in the industry. 

Prior to EFG Capital, Montiel worked at HSBC Private Bank International in Miami as a senior vice president and head of investment strategies, managing a group of investment counselors responsible for private wealth clients.