The latest senior wealth management industry moves, appointments and personnel changes in North America.

Carne Group
European third-party ManCo Carne Group, a provider of fund regulation and governance solutions for the asset management industry, has appointed Clair Turketo (pictured) as managing director, client solutions, based in New York.

Turketo, who has more than 18 years of experience of US and European fund products and structures, compliance, financial crime, and governance, has deep expertise in private markets and fund structuring, the firm said in a statement.

Her remit will be to introduce US-based asset managers to Carne’s European platform and distribution capabilities across private and public market funds, as well as active and passive ETFs. Turketo will also play a key role in advancing Carne’s KYC on assets initiative, supporting US managers with fund design, regulatory support, and distribution as they expand globally.

“Clair’s deep private markets knowledge and international track record will be invaluable to our clients and other US managers,” Mark Stockley, group chief business development officer, Carne Group, said. “Her appointment reflects our commitment to supporting US managers with both domestic and cross-border solutions, including fund design, regulatory support, and distribution.”

RBC
RBC Wealth Management – US, part of Royal Bank of Canada, has brought James Christy, managing director and financial advisor, and portfolio manager, to its Tysons, Virginia branch. 

Christy, along with senior financial associate Jennifer Ruppert, managed about $400 million in client assets. Previously, Christy previously worked at Northwest Financial Advisors for 22 years. Before that, he was a senior executive for Fortune 500 companies, an attorney and an advisor and senior staffer at the US Capitol. He also served as counsel to the Secretary of Interior during the Reagan Administration.

“James’ experience in both the public and private sectors brings valuable insights to his work with clients,” RBC Wealth Management’s Mid-Atlantic Complex director Warren Bischoff said. 

New Mountain Capital
New Mountain Capital, an alternative investment firm that is headquartered in New York, said this week that it has hired William Dunigan as its head of wealth solutions and a NMC managing director. 

Dunigan will lead distribution and business development efforts within the US wealth market for the business, it said in a statement. 

Prior to this, Dunigan worked in various senior roles at BlackRock, in a career there spanning 18 years. Most recently, he worked as a senior member of BlackRock’s strategic accounts team, managing the firm’s relationships with several national RIAs.

“We are very committed to the building out of our Wealth Solutions effort,” Steve Klinsky, founder and CEO, said. “Bill comes with strong experience and a great background, and we look forward to expanding our efforts under his leadership.”

Founded in 1999, New Mountain has about $55 billion in AuM in private equity, credit and net lease investment strategies. 

Raymond James
A Massachusetts-based group of six advisors has joined the independent advisor channel of Raymond James.

Located in Ludlow, the group is led by managing partner Edward Sokolowski. It arrived from Commonwealth Financial Network where it managed over $660 million in client assets.

Sokolowski, who affiliated with Commonwealth Financial Network in 1999, has over 33 years of industry experience.