The latest senior wealth management executive moves in North America.

Cresset
Cresset, the US wealth management group, has appointed Patrick Canning as vice chairman. Canning will be responsible for business development across the organization.

Canning previously served as managing partner of KPMG’s Chicago office, the firm’s second-largest office, as well as the Midwest market. Before that, he was the MD of KPMG’s Boston and Providence offices, Cresset said in a statement yesterday. 

After 38 years at KPMG, Canning retired in March this year. He had been lead director for KPMG’s board of directors.

Canning earned a bachelor’s degree in accounting from Providence College and is a CPA. He lives in Chicago with his wife, Betsy, and has two grown daughters.

S&P Global
S&P Global has named Dan Draper as chief executive of S&P Dow Jones Indices, with effect from June 15, 2020. He will replace Alexander Matturri who is retiring after 13 years of leading the index business.

Draper will report to Douglas Peterson, president and CEO of S&P Global, and serve on the company's operating committee. He will be based at S&P Global's world headquarters in New York City, the firm said in a statement yesterday. 

Prior to this, Draper worked at Invesco Distributors., where he served as its managing director and global head of exchange traded funds. Before that, he worked in asset management, wealth management, and investment banking in Chicago, Hong Kong, Jakarta, London, and New York during his 27-year career.

Draper earned an MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and a BA degree in economics from the College of William and Mary in Virginia. He is a chartered director and fellow at the Institute of Directors in the UK and a board leadership fellow at the National Association of Corporate Directors in the US. He is a Chartered Financial Analyst® and holds the Chartered Market Technician®, Chartered Alternative Investment Analyst, Financial Risk Manager, Certified Financial Planner®, and Chartered Financial Consultant® designations. Dan is also a Finance Leaders Fellow at the Aspen Institute and a member of the Aspen Global Leadership Network (AGLN).

Sheaf Brock
Sheaff Brock Institutional Group, which is part of the US-based arm of Sheaff Brock Investment Advisors, has appointed David King as vice president of institutional distribution. He will work with broker-dealers, RIAs, banks, wealth managers and consultants.

Prior to this, King was national director of intermediary sales at Forester's Financial in New York, where he built the wholesaling force and support staff for placement of First Investors Funds within institutional investment firms. He previously held VP positions at AIG Financial Distributors, Jackson National Life, Genworth Financial, and Allianz Life Financial Services.

Sheaff Brock Institutional Group provides strategic investment options to institutional clients. It also offers full money management services to registered investment advisors.

Compliance Risk Concepts
Compliance Risk Concepts, a professional services organization, has named Steve Brown as director of broker-dealer client services. Brown Steve brings 25-plus years of industry and regulatory compliance experience.

For the past nine years, Brown served as senior director within PwC's risk and regulatory practice focused on advising global financial institutions. Previously, he was MD and head of fixed income and capital markets compliance at US Bancorp Investments, where he established an institutional compliance risk program. He started his career at Wachovia, where he established and managed the global investment banking compliance and control group. He has also worked at Goldman Sachs.

"The addition of Steve's leadership and critical skill-set enables us to continue to scale our business, building upon our competitive edge in delivering high-quality, cost-effective regulatory advice and services in a commercial manner to our clients while addressing the rapidly evolving compliance related expertise needed within the financial services industry," Mitch Avnet, CRC"s managing partner and CEO, said.