People Moves

Who's Moving Where In Wealth Management? - GCW, K2, Others

Editorial Staff February 27, 2020

Who's Moving Where In Wealth Management? - GCW, K2, Others

The latest senior wealth management executive moves in North America.

GCW
GCW Global Customised Wealth has appointed new partners: Adam Domat, serving in the capacity of investment professional, and Mark Evans, serving as chief operating officer and chief financial officer. 

Domat will focus on investment sourcing and diligence, as well as contributing to the ongoing enhancement of GCW's portfolio construction modeling. Evans will be responsible for developing and maintaining GCW's operational and financial processes and controls. Domat is based in Palo Alto, California and Evans is based in the firm's London office.

GCW, which has personnel in London, California and New York, works with international clients and invests globally.

Prior to joining GCW, Domat worked at Jasper Ridge Partners, where he evaluated investment opportunities and put portfolios together. Previously, he was an analyst at Morgan Stanley, where he advised global corporate clients on managing interest rates and foreign exchange risk.

Evans has been COO at IVC, a hedge fund-of funds provider. Prior to this, he was the global head of equity derivatives risk control at UBS before becoming a senior equity derivatives structurer marketer. Evans has also held senior operational and control positions, including responsibility for global FX risk management, at Commerzbank's investment bank, which he helped found.

K2 Intelligence, Financial Integrity Network
K2 Intelligence, which is an investigative, compliance, and cyber defense services firm, and Financial Integrity Network, have recruited former US Treasury official Danny McGlynn as a senior vice president. 

McGlynn has served as principal deputy assistant secretary of the Office of Intelligence and Analysis for the US Department of the Treasury, where he was responsible for leading intelligence research and analysis to safeguard the international financial system from abuse and combat threats to national security. McGlynn also held positions as the Treasury's liaison to the US Central Command, as a compliance specialist and investigator for OFAC, and as a Presidential Management Fellow.

Following the firms' merger in 2019, K2 Intelligence and FIN offer financial crimes risk and compliance services to commercial, retail, and investment banks; financial services and fintech firms; and governmental and non-financial obliged entities around the world.

As part of his role, McGlynn will be responsible for managing and expanding the firm's online products and services team, with particular focus on developing the firm's newest offering, the Dedicated Online Financial Integrity Network.

DOLFIN is an eLearning platform and online interface that offers continuing education, training, testing, and certification resources and risk management tools for professionals working in financial crimes compliance.

K2 Intelligence has offices in New York, London, Washington, DC, Madrid, Geneva, Los Angeles, and Chicago. 

Balance Point Capital 
US-based Balance Point Capital, which focuses on lower middle-market companies, has promoted Nathan Elliott to managing director, Adam Sauerteig to senior vice president, Grant Groher to vice president and Dan Freshman to senior associate.

Elliott joined Balance Point as a VP in 2014, Sauerteig rejoined Balance Point in 2015 as an associate, Groher joined in 2017 as a senior associate, and Freshman joined in 2018 as an associate. 

Balance Point Capital had approximately $835 million in assets under management as of December 2019.

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