The latest moves in wealth management across North America.

Wentworth
Wentworth Management Services, a holding company that acquires and manages businesses in the wealth management industry, has appointed Michael Breath as chief financial officer.

Breath will join Wentworth as part of the executive leadership team and will report directly to Ryan Morfin, Wentworth Management Services chief executive.

In his primary role, he will oversee all finance, accounting, control, treasury, tax, and analysis functions. Additionally, Breath will play a part in Wentworth’s strategic initiatives, which include mergers and acquisitions, and integration through economies of scale.

Prior to joining Wentworth, Breath served as CFO for the consumer segment of SunTrust Bank in Atlanta, Georgia. While at SunTrust, Breath was also CFO for retail banking and private wealth management. 

Raymond James
Raymond James has hired financial advisor Robert DuKate to Raymond James & Associates (RJA) – the firm’s traditional employee broker/dealer – in Boca Raton, Florida.

Together with his former partner at Ameriprise, David Katz, who joined RJA in 2017, they operate as Katz, DuKate Wealth Management of Raymond James and serve business owners and high net worth families. Joining DuKate at the firm is Carolyn Pisano-Jarboe, senior registered client service associate.

DuKate joined Raymond James from Ameriprise, where he previously managed approximately $125 million in client assets and worked with Katz. DuKate has been in the financial industry for more than 36 years, having started his career at Merrill Lynch. He later worked at Prudential Securities, Citigroup and Morgan Stanley.

Vontobel
Swiss-headquartered Vontobel said its fixed income boutique, TwentyFour Asset Management, has appointed David Norris as its head of credit, based in New York. The organization plans further appointments next year.

Norris will report to Mark Homan, chief executive of the asset management firm. Prior to this, he worked at Credit Agricole, working in areas such as high-yield corporate debt and has worked in the industry for more than 30 years. 

Additionally, TwentyFour has appointed the following investment professionals in London: Charlene Malik for the multi-sector bonds team; Pauline Quirin for the asset-backed securities team, and Johnathan Owen for the outcome driven team.