The latest moves in the North American wealth management market.

Argent Trust Company
Argent Trust Company has appointed Alan Tarver as senior portfolio manager, based in Austin, TX. He will report to John McCollum, chief investment officer. Tarver will be responsible for managing personal and institutional relationships. 

A CFA® charter holder, Tarver has more than 20 years of investment management experience, most recently with Frost Bank in Austin and San Antonio. He spent his career progressing through equity analysis, co-managing the large cap growth equity fund, leading asset allocation initiatives, and as regional portfolio manager for the Austin area while at Frost. 

Tarver received a master’s degree in international management from Thunderbird School of Global Management, an MBA from Arizona State University and a bachelor’s degree in economics and government from the University of Texas at Austin.

In addition, he is past president of the CFA Society of San Antonio, a member of the advisory council of the University of Texas MBA Investment Fund and a member of the investment advisory committee for the Sisters of Charity of the Incarnate Word.

Avtar Investments
The former managing director of New Mountain Capital, Raj Alva, has joined newly-minted family office Avtar Investments as its chief executive officer, according to Bloomberg. 

Avtar manages the assets of the founders of Amneal Pharmaceuticals, Chirag and Chintu Patel. The brothers are still co-chairmen of the Bridgewater, New Jersey-based company, the report said. 

This publication has sought details to confirm and elaborate on the matter and may update in due course.

The report said Avtar will “seek to make investments of between $15 million and $100 million in exchange for stakes in health-care and technology companies, with a preference for taking controlling interests”.

The report cited Alva’s profile at the Milken Institute Global Conference held earlier this week.

Alva, based in New York, reportedly remains a senior advisor at New Mountain, which he joined in 2016. He was previously a banker at Credit Suisse. He has also worked at family offices.