A round-up of moves in the North American wealth management space.
Argent Financial Group appointed Cara Gober as assistant vice president and trust officer for Argent Trust Company. Gober, who is based in Oxford, reports to Brooks Campany, regional manager of Argent Trust’s Oxford, Mississippi, Jackson, Mississippi and Memphis, Tennessee offices.
Argent Financial Group appointed Tasha Digre as professional development manager. In her role, Digre is responsible for improving and guiding employee development, productivity and training initiatives for all Argent Financial Group subsidiaries. Digre, who previously served as assistant vice president/trust officer for Argent Trust Company, reports to Argent Financial Group CFO Laurie Parks.
KKR, aka Kohlberg Kravis Roberts, appointed one of its senior figures as global head of private wealth. Todd Builione oversees the firm’s “strategic priority” of building its private wealth distribution platform to expand access to KKR’s alternative investment strategies for individual investors globally. He manages KKR’s regional private wealth and leads Dan Parant and Doug Krupa in the US, Markus Egloff in Asia-Pacific and Mark Tucker in Europe, Middle East and Africa, as well as the newly-created global private wealth product strategies effort led by Krupa.
Nuveen promoted Saira Malik to chief investment officer to drive strategy for TIAA’s $1.2 trillion assets. The role is a new one for the firm. Malik remains lead portfolio manager for the CREF Stock strategy and a listed portfolio manager for CREF Growth and CREF Global Equities strategies. Malik reports to William T Huffman, president of Nuveen Asset Management and head of Nuveen fixed income and equities.
R360, an invitation-only network for people holding at least $100 million of investible wealth, said that wealth industry figures Jamie McLaughlin and Jeff Greenfield would be serving as co-chairs of its New York chapter.
McLaughlin is the founder of J H McLaughlin & Co, a management consulting firm focused on strategy and practice management for wealth management and investment advisory firms, private banks, trust companies, single and multi-family offices. McLaughlin is also a member of this news service’s editorial advisory board, and is a co-founder of the UHNW Institute, a think tank directed at the needs of ultra-high net worth families and their advisors. Greenfield has more than 35 years of experience as a successful investment professional, private investor, consultant, family office executive and chief executive. He is managing director of Gloconda Partners, which is a guide and service platform for ultra-affluent clients focused on how to use private placement life insurance and annuity investment accounts.
Minneapolis-based Värde Partners, an alternative investment firm, promoted Jim Dunbar, Aneek Mamik and Carlos Sanz Esteve to partners. Based in Minneapolis, Dunbar leads Värde’s commercial real estate lending platform, which last year originated $2.7 billion in loans. He has also led investments in real estate operating companies, hospitality assets and non-performing CRE loans, and oversees Värde’s investment in Trimont, a real estate loan servicing company. Dunbar joined Värde in 2010 from Macquarie.
Mamik joined the firm’s New York office in 2016 and is now global co-head of financial services overseeing credit and equity investments in consumer and commercial finance and other sectors. He was previously head of mergers and acquisitions at GE Capital's headquarters and worked in varying capacities at GE Capital for over 15 years, beginning in Australia.
Esteve is based in London and leads Värde’s European corporate and traded credit strategy. He joined Värde in 2011 and has been critical in driving Värde’s research and investing across high yield bonds, leveraged loans and distressed securities in Europe. Prior to joining Värde, he was an analyst in mergers and acquisitions at Deutsche Bank.
Raymond James welcomed financial advisor Chris Hanly to its employee advisor channel. Hanly joined RJA’s Paramus branch, led by manager Christopher Leavy. Previously, he managed $130 million in client assets as part of Bruderman Brothers.
Raymond James welcomed financial advisors Paul Manfrey, Greg Bell and Colin Long, to its employee advisor channel. They work in St Petersburg, Florida, where the business is based.
The group also brought in financial advisors Steve Gustafson and Eric Gustafson, to Raymond James & Associates, its employee advisor channel. Along with senior client service associate Rhonda Stibbs, the team operates as Gustafson Wealth Consultants of Raymond James. The Omaha, Nebraska-based group was previously affiliated with Wells Fargo Advisors and managed $225 million in client assets. The team continues its work from RJA’s Omaha office, which is managed by Tim Ziola.
The firm also welcomed four financial advisors in Idaho to
Raymond James & Associates. The advisors are Greg Fairfield,
Christine Satterfield, Linda Stirling and Harry Tharp.
BNY Mellon Wealth Management added five senior figures to its Miami office. The arrivals included Gina Smurro, senior client strategist, Sebastien Gault, family wealth advisor, Tamara Oswald, associate wealth manager, Jessica Diaz as analyst, global insights lab and Francesca Tabak, analyst, private banking. They report to Laura Kaplan, market president, Miami.
Chilton Trust, the US wealth management firm and national trust bank, appointed Elizabeth Weymouth to join its board of directors. Weymouth serves longside Chilton Trust’s other directors, including newly-appointed board member John A Hilton, Jr.
Weymouth is the founder, managing partner and chair of the
investment committee of Grafine Partners, a boutique alternative
asset management firm. Prior to founding Grafine Partners in
2018, Weymouth spent 10 years at Riverstone Holdings, a private
investment firm focused on growth capital investments in the
energy industry. She was also a managing director at JP Morgan
Private Bank and head of investments for the US Northeast