People Moves

Who's Moving Where In Wealth Management? - Northern Trust, Glenmede, Others

Editorial Staff April 17, 2018

Who's Moving Where In Wealth Management? - Northern Trust, Glenmede, Others

The latest moves in wealth management across North America.

Northern Trust
Northern Trust has appointed Chahin Pahlavi as senior private banker in its New York office.

Pahlavi will be responsible for broadening banking relationships with existing clients and for developing new wealth management client relationships.

He has over 30 years of experience in financial services. Most recently, he served as a senior private banker to high net worth clients at BNY Mellon Wealth Management.

Glenmede
Glenmede has named Michael Dellapa has portfolio manager in the firm’s Washington, DC office.

In partnership with advisory, tax and wealth planning colleagues, he is responsible for providing investment advice, asset allocation and ongoing portfolio management for Glenmede’s clients. Dellapa will report to Michael Hickey, regional director of Glenmede's Washington, DC office.

Dellapa joins Glenmede from Hawthorn, where he worked closely with wealth strategists and fiduciary advisors to provide investment advice and guidance for high-net worth families as a senior investment advisor. He also brings with him over 15 years of additional experience as a portfolio manager and director of research for Guggenheim Investments.

Stroock
Law firm Stroock has appointed Michael Emanuel as partner in its New York office, growing its private funds group.

Emanuel joins from Eagle Investment Solutions, a Princeton, New Jersey-based asset management firm, where he served as general counsel, chief compliance officer, and co-chief operating officer.

He advises public and private funds, hedge funds, family offices, and investment managers and commodity advisors on all regulatory, legal, compliance, infrastructure and risk issues. 

Umpqua Bank
Umpqua Bank, which has a wealth management operation, has promoted Tory Nixon to senior executive vice president and chief banking officer.

As Umpqua’s first CBO, Nixon will oversee all customer-facing bank divisions including its wealth management business.

Nixon joined Umpqua in 2016 as executive vice president and head of commercial and wealth. Previously, Nixon served as division president and managing director for California Bank & Trust in San Diego and Northern California.

Argent
Argent Trust Company has named Mark Milton as senior vice president of institutional services, based in its New Orleans office.

Milton will lead its retirement consulting, institutional custody and funeral trust services. He will report directly to Argent chief executive Kyle McDonald.

Prior to this role, Milton was regional marketing director for Iberia Bank in New Orleans, where he managed the bank’s wealth management business unit for Arkansas, Louisiana and Texas. Before that, he spent 18 years at Regions Bank, working at its trust and asset management division. While at Regions, he specialized in M&A strategy, funeral trusts and asset gathering for institutions.

He has more than 30 years’ experience in various roles in the financial service industry. 

Argent Financial Group is based out of Ruston, Louisiana and was formed in 1990, and is responsible for more than $17 billion in client assets.

 

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