Who's Moving Where In Wealth Management? - Envestnet, Orion, Citigroup

Editorial Staff

13 May 2026

Envestnet
Envestnet, the back office/software/TAMP and data giant, has appointed David Kamerman to lead its Canada business, where he also serves as strategic relationship manager for clients in the country.

The appointment follows the firm's announcement this week that it is expanding its business-to-business commitment to the Canadian market.

The firm is equipping advisors with solutions to navigate Canada’s new Total Cost Reporting requirements, which will require firms to disclose the full cost of investment solutions to clients in dollar terms beginning in 2027, Envestnet said in a statement yesterday.

Canadian Total Cost Reporting rules mandate that financial services firms disclose all fees for investment funds, both direct and embedded, in dollar amounts in annual reports for clients. These reports will include a breakdown of fund expense ratio and are designed to visualize the total impact of fees for clients. Envestnet said many firms are using Unified Managed Account platforms to enable advisors to build and manage model-based portfolios that are scalable, actively monitored, and aligned with evolving client expectations of cost and performance.

“As Total Cost Reporting reshapes the industry, advisors need practical ways to modernize how portfolios are constructed and managed,” Kamerman said.

Orion Advisor Solutions
Nebraska-headquartered wealthtech Orion Advisor Solutions has appointed former AssetMark senior figure Yi-Ching Wu as executive vice president of in its wealth management products and platform area.

Wu brings more than 20 years of experience leading investment product and platform strategy across wealth and asset management organizations. Before her time at AssetMark, Wu held product development and management positions at Schwab, where she managed large-scale proprietary investment lineups and helped launch Schwab’s entry into exchange-traded funds. Wu holds an MBA from UC Berkeley Haas School of Business and a Master of Public Policy from Harvard University’s Kennedy School of Government.

As of March 31, Orion serviced $5.9 trillion in assets under administration and $185 billion of wealth management platform assets. It supports more than 8.3 million technology accounts.

Citigroup
Citigroup has appointed two senior figures in its financial institutions area of the investment banking division.

Jonathan Alpert, global head of insurance, brings more than 28 years’ experience in the insurance industry and investment banking. Before Citigroup, he was previously at Bank of America, where he most recently served as co-head of global insurance. He will be joining the team in September, based in New York.

Ryan Willingham will join as MD covering specialty finance. He brings more than 19 years of experience to the role, most recently at Bank of America, where he led coverage of the specialty finance sector in the financial institutions group. Willingham, also based in New York, will join the team in August.

Citigroup's integrated business model, the corporate banking side of the lender typically works closely with the private banking arm, given how many high net worth and ultra-HNW clients own operating companies.