A round-up of all January's wealth management appointments.

UK
Barclays Wealth has made a new senior private banking appointment in the South West of England.

Andrew Davies, who will be based in Bristol, joins as a director from Barclays Wealth's Investment and Product Office, where he was global head of banking, and responsible for the banking, cash and enhanced product range globally.

BoNY Mellon Wealth Management has hired Rupert Phelps from UBS Global Asset Management as London-based director of family office business development. Mr Phelps will be responsible for developing relationships with family offices and their advisors in the UK and EMEA region.

At UBS he acted as a director in a private family office and held various other senior positions in the wealth management and private client areas.

Ingenious Media Active Capital has appointed Bryan Dix to its board of directors.

Mr Dix is a managing director with Barclays Wealth and former chief executive of the Walbrook Group.

Towry Law, the UK fee-based wealth advisor, has expanded its employee benefits division in Birmingham.

Philip Thrush, previously a principal consultant with AWD Chase de Vere, joins Towry Law as an employee benefits principal consultant.

Matthew Beaman has also been promoted to the role of employee benefits principal consultant.

UK life and pensions manager Friends Provident has named Trevor Matthews, head of Standard Life's UK retail division, as its new chief executive.

The appointment is a coup for Friends, which has been in turmoil since its £8 billion merger with closed life funds manager Resolution collapsed last October.

Analysts say that the appointment indicates that Friends may intend to revitalise its UK life and pensions business and defend itself from a possible bid. Mr Matthews was an important driver behind the restructuring of Standard Life's UK life and pensions business.

BNP Paribas, France's largest bank, has strengthened its fund derivatives sales team with two appointments to its London Equities & Derivatives division to target family offices and hedge fund of funds groups.

Stephane Berthet joins from Societe Generale where he headed the alternative financing structuring team. From 2000 and 2004, he worked for Morgan Stanley Private Wealth Management as hedge fund portfolio manager.

Fidelity International has appointed Dermott Whelan to its MultiManager team as a portfolio manager.

Mr Whelan was previously at Morgan Stanley where his 10-year investment management track-record included top quartile performance in segregated European equities over three and five years. At Fidelity MultiManager he will run European equity portfolios.

His recruitment follows the hiring in September of Eugene Philalithis, a fixed income specialist, and the appointment of Geraldine Stewart, a long-serving Fidelity investment professional, as head of Investment for the Fidelity MultiManager business.

Credit Suisse in the UK has appointed Mark Lucas as vice president and relationship manager for the South-West.

Mr Lucas joins from Coutts where he was a senior private banking manager responsible for providing wealth management advice including tax, trust and pension planning expertise to a portfolio of high net worth clients, with a focus on entrepreneurs. He began his career at Lloyds TSB where he spent 12 years working in retail and commercial banking.

London-based asset manager Threadneedle has hired Francis Ellison and Douglas Cairns as specialists in, respectively, European equities and Asia Pacific and emerging market equities.

Mr Ellison joins from SEI where he was head of UK institutional business development; Mr Cairns has previously worked at Schroders specialising in UK equities for discretionary clients.

UK private bank Ansbacher & Co has appointed Andrew Taberham as head of client services, reporting to Nader Goodarzi, head of wealth management.

He most recently led a financial planning specialist team at Coutts.

UK fund manager Schroder Investment Management has hired Karl Dasher to head its product and marketing division. He was formerly global chief investment officer at SEI Investments, the US-based multi-manager. He replaces Robert Higginbotham, who joined Fidelity International last April to head its European funds business.

London-based investment manager Polar Capital has hired Alastair Smith into its sales team to lead the development of the US and Swiss business.

Mr Smith joins from Société Générale Asset Management where he was head of Europe and Middle East hedge fund sales and responsible for setting up the Société Générale Asset Management Al Hedge office in London.

US investment manager T Rowe Price has hired Helen Ford as a US equity portfolio specialist based in the firm’s London office. She will be responsible for covering multiple US equity strategies for clients and prospects in the EMEA region. The firm now has 16 dedicated portfolio specialists in its London and Baltimore offices.

Ms Ford joins from the Kuwait Investment Office where she was head of US equities for the past three years. Before that, she was financials and healthcare manager within Cazenove's global equity team.

UK private bank Brown Shipley has appointed Ian Sackfield as head of private banking with immediate effect; he will succeed Stephen Blaney as managing director on 1 January 2009.

Mr Blaney will become Brown Shipley’s chairman and continue to work closely with the parent company Kredietbank Luxembourg and the bank’s clients. David Rough, the current chairman of Brown Shipley, will continue as a non-executive director, a post he has held for the past five years.

Mr Sackfield succeeds Tony Hurley who will now be concentrating on the specialist pension services provided to the bank’s private clients. Mr Hurley will remain as an executive director of the bank.
HSBC Investments in the UK has appointed Simeon Brown to the position of chief executive officer, effective immediately.

He had been acting CEO there since September 2007 and had also held the position of acting CEO for HSBC Investments in Asia-Pacific from April to July 2007. He reports directly to Caroline Brousse, chief executive officer of HSBC Investments in Europe.

Kleinwort Benson has confirmed the hiring of Gilbert Rizk and Rhys Francis to lead the expansion of two specialist private banking teams serving high net worth clients. Both will report to Martin Heale, head of private wealth management in London.

Mr Rizk will lead the further expansion of Kleinwort Benson’s service offering to individuals and families who have accumulated their wealth in a diverse range of specialist fields, such as the arts, sports and business. He joins from UBS Wealth Management, where he spent five years looking after a wide variety of clients, as well as entrepreneurs. He was previously with Merrill Lynch for ten years as a vice president, overseeing the international private client division.

Their arrival follows the appointment of new overall head of private wealth management UK and Channel Islands Mark Hussein, former head of HSBC’s commercial investment and insurance division.
Towry Law has hired to fill two senior positions to boost its investment and employee benefits divisions.

Caroline Rice, a former senior investment analyst at Forsyth Partners, has joined as senior investment analyst and Paul Horan, prevously a senior consultant at KPMG Pensions, has been named principal consultant in the employee benefits division.

Ms Rice was responsible for recommendations for Forsyth Partners' in-house fund of funds, particularly emerging markets.

Mr Horan advised KPMG clients on investment strategies, scheme conversions, due diligence and staff communications around pension issues. He also provided actuarial services and administration to trustees of final salary and defined contribution pension schemes.

Jamal Abi-Chahine has joined JP Morgan Private Bank from American Express Private Bank in London to focus on Middle East private clients.

At JP Morgan, Mr Abi-Chahine is a vice president and reports to Jim Freeth.

Chris Buzzard, former chief executive of Kaupthing Singer & Friedlander Investment Management, has left the firm after a period of extended leave at the end of last year.

Mr Buzzard’s leadership role had been assumed by Michael Morley, the former head of international private banking at Barclays Wealth, when he arrived as managing director in July last year.

Mr Morley’s appointment is part of the strategy to move the organisation to become a more integrated wealth manager.

HSBC Private Bank in the UK has promoted Alistair Peel to be the new head of intermediary sales. He replaces Joss Mitchell, who has moved up to run the HSBC Private Bank office in Edinburgh.

Mr Peel has been with HSBC Investments for the last four years running the corporate and institutional business development team. Previous to that, he spent eight years at Schroders Private Bank developing both their not-for-profit and private client portfolio.
Barry Hardisty has been appointed head of investment services and Grace Pickering as investment services officer at Mourant Private Wealth, the wealth management division of the international services firm.

Mr Hardisty, who has been at Mourant since 2005, and Mrs Pickering, who joined the firm in 2003, will lead the firm’s investment services department, which provides technical consultancy on a broad range of investment-related issues.

HSBC Private Bank has appointed The Rt Hon Lord (Robin) Janvrin GCB, GCVO, as deputy chairman of HSBC Private Bank (UK) with effect from 7 January 2008.

From 1999 to 2007, Lord Janvrin was Private Secretary to Her Majesty the Queen, having previously served as Press Secretary (1987-1990) and Assistant, then Deputy Private Secretary (1990 to 1999. Lord Janvrin served in the Royal Navy and then the Diplomatic Service including spells in Brussels and India.

Lord Janvrin will be based in London and will become Deputy Chairman of HSBC Private Bank (UK), subject to the usual regulatory approvals. He will be engaged in business development activities in the UK and provide advice to Group Private Banking on its worldwide corporate sustainability initiatives.

London-based EEA Fund Management has hired Barry John to fill the newly created role of sales and marketing administration manager. He will be responsible for sales and marketing support, reporting to Peter Winders, EEA’s marketing director.

Mr John joins EEA after ten years as part of JP Morgan Asset Management’s UK sales team, latterly as senior sales support, where he was responsible for servicing the fund selection teams of major asset managers and private banks.

Insight Investments, the London-based fund management arm of HBOS, has recruited Stephen Waddington as a director of the multi-asset investment selection.

Mr Waddington joins from Australian investment and wealth management Group, BT Financial, where he was co-founder of the investment solutions multi-manager operation.

Noble Fund Managers, with offices in Edinburgh and London, has appointed Bruce McLaren, formerly managing director of the Royal Bank of Scotland equity finance team, to the position of chief investment officer.

Citi Quilter, Citigroup's UK private client investment management subsidiary, has appointed Tim Healy as an investment manager and vice president at its London office.

Mr Healy joins the firm from Thesis Asset Management where he was responsible for the management of private client portfolios. He will report to Stephen Vakil, managing director and head of London Investment Management.

The appointment brings to 30 the number of investment managers within the London office.

Scottish Widows Investment Partnership has hired Stephen Hall as investment director of its global developed markets team, bringing that team to a total of eleven fund managers.

Mr Hall will report to Ian Vose - head of global developed markets at SWIP - and will be responsible for managing portfolios and for researching the utilities, financial and consumer discretionary sectors of the Japanese market.

He joins from Resolution Asset Management where he was investment manager on the Japanese desk.

Ian Rogers has joined UK private bank Brown Shipley as intermediary development director. He joins from Kleinwort Benson Private Bank where he held a similar senior position.

Mr Rogers will be responsible for Brown Shipley’s relationships with intermediaries, specifically the legal profession, accountants, and independent financial advisors with high net worth private clients. He will report directly to Stephen Blaney, Brown Shipley’s managing director.

Two senior partner promotions have been made at PricewaterhouseCoopers in the Channel Islands.

Philip Taylor, formerly senior partner at PricewaterhouseCoopers CI LLP, has been made leader of global quality assurance for the PwC international network of firms, while Steve Le Page moves from being the senior partner in charge of the Guernsey office to take over from Mr Taylor as senior partner for PwC Channel Islands.

In his new position, Mr Taylor will head up a team responsible for assessing quality across all of PwC’s assurance business worldwide, reporting to the global leadership team.

Moore Management, specialist provider of fund management, fund administration and corporate services, has appointed a new managing director and four new directors at its Jersey head office.

Kevin Gilley, who has worked for the company since its inception in 1996, moves up to managing director. He joined the board of Moore Management in 2002 and became deputy managing director earlier this year.

Mark Heyes, Jonathan Buesnel, Andrew Pittom and Patricia Redmond, who are all accountants and senior managers at the company, become directors.

Mr Heyes, Mr Buesnel and Mr Pittom will be client service directors; Ms Redmond operations director.

Ansbacher Trustees Jersey, part of private bank Ansbacher, has hired Joanne Luce as a director.

Ms Luce joins from local trustee and advisor Walbrooks; prior to this she was a director of Quorum management.

UK independent investment manager Brewin Dolphin is hiring 15 new senior executives into its London office.

Simon Blowey and Nicholas Oliver are to be divisional directors of financial planning and Bill Kendrick, Nick Hungerford and Michael Murphy will become divisional directors of investment management.

Four investment managers will also join in January 2008, Joanna Cremin, Graeme Hayden, Alex Minoudis and James Thomas.

Later in the year five divisional directors of fund management, Mark Hamstead, Jonathan Jardine Paterson, Paul Leonard, Julian Stanford and Andrew Wager are also expected to join.

Nick Hinds has stepped down as head of wealth managers at UK fund manager Fidelity International to join rival asset manager Jupiter.

Mr Hinds is taking on a similar role at Jupiter, focusing on sales to wealth managers. He will start at the group in February.

There are currently no plans to replace him at Fidelity.

Switzerland
Sustainable Asset Management Group, a Zurich-based asset manager backed by Dutch manager Robeco, has appointed Reto Kuhn to head its new alternative investments unit.

The new unit was established to develop alternative means for private and institutional investors to engage in sustainability investments. The company plans to launch its first sustainable hedge fund during the first half of this year.

Mr Kuhn, who will join on 1 February, will be responsible for establishing, expanding and marketing alternative investments such as hedge funds and sustainable products.

Credit Suisse has appointed Hubert Joye as head of the Fribourg region along with Private Banking. He succeeds the retiring Germain Maillard, in both these functions.

Mr Joye joined Credit Suisse in 1987 and has been with the organisation all his banking career.

In 1996 he was named head of branch in Chaux-de-Fonds. From 1997 to 2003 he was responsible for business clients at Delémont before becoming liaison officer for business clients in Fribourg.

In the region, Credit Suisse has a presence in Fribourg, Bulle, Châtel-St-Denis, Romont, Payerne, Morat and Guin.

Bank Morgan Stanley, the Swiss unit of the firm’s international offshore private wealth management business, has appointed two new vice presidents and investment advisors.

Stéphane Boisier joins from Swiss Re where he was a portfolio manager with global research responsibilities for the healthcare sector; Maximilian Schoeller joins from Capvis Equity Partners.

JP Morgan Private Bank has appointed Pablo Garnica, currently the general manager for JP Morgan Suisse in Geneva and head of the firm’s Europe-based client business, as head of the private bank for EMEA. He replaces Emilio Saracho.

Mr Garnica will continue to be based in Geneva and will travel extensively while remaining general manager for JP Morgan Suisse.

Mr Saracho was appointed in 2005 and will leave the firm in February.
Basel-based structured asset manager Signina Capital has appointed Malcolm Paterson and Thomas Flury to be partners at the firm.

Mr Paterson will be head of investment management, responsible for the investment process throughout the firm: he joined from GAM, where he was head of operations in the fund of hedge funds group.

Mr Flury is Signina's head of client relations. He joined the firm in late 2006 from UBS Private Bank.

Pierrette Jaton Klopfenstein has been promoted to head of marketing at Banque Cantonale de Genève.

The marketing department is responsible for the implementation of the bank’s commercial strategy, the development of banking services, advertising and market research.

Her predecessor Fabien Rei has been promoted to head the section operating in the east of the canton.

Swiss private bank Julius Baer has appointed Peter Senn, former UBS head of Wealth Management for the Northern Switzerland region, to the management team of its Basel branch as of 1 May 2008.

Mr Senn, who left UBS last October, will be responsible for developing new client business with Swiss private clients at the Basel branch. He reports directly to branch manager, Claude Scharowski, and will also act as his deputy.

Mr Senn joined UBS in 1983 and held a number of management positions in the investment clients and private banking areas in Basel – including head of Private Banking for the Basel branch and head of Investment Clients for the Northern Switzerland region.

The current responsibilities at the Julius Baer branch in Basel will continue to be performed by Marc Wild, head of the existing Swiss private clients business, Andreas Huber, head of the international private clients business, and Martin Bucher, head of External Asset Managers.

Swiss-based private equity firm Fortune Management has appointed Sanford Henry as a member of its board of directors.

A private equity and investment fund specialist, Mr Henry is currently a director of Asset Solutions and Medical Ventures, a partner in Dr Schwarz-Schilling & Partners, and a senior advisor to Allegro Capital, Russia and Ukraine Partners, Bosphorus International and to various fund managers.

Americas
Morgan Stanley's global wealth management unit in the US has hired Elizabeth Polizzi, William Agresti and Richard Peer from Citi’s Smith Barney operation. The three will work from the Garden City, New York office and report to Mark Kelly, the complex manager.

The bank also hired David Javaheri and Shaun Fitzpatrick from Merrill Lynch to work in the Wellesley, Mass. office on Friday. The pair will report to the complex manager, David Swartz.

Also joining from Merrill Lynch is Al Lupcho who now works in the Vineland, New Jersey branch of Morgan Stanley. He will report to the branch manager, Robert McAllister.

William Martin and Mark Southwell have also joined and are now at Morgan Stanley's McAllen, Texas, office. Both were previously at A.G. Edwards.

Deutsche Bank Private Wealth Management in the US has appointed Bill Seugling as managing director and head of Investment Advisory Solutions. He joins from Morgan Stanley, where he was most recently managing director and head of Solutions and Marketing for Morgan Stanley Private Wealth Management.

He will be based in New York, reporting to Ann Doyle, head of Global Investments and Sales – US Advisory.

At Morgan Stanely, Mr Seugling managed discretionary programmes with over $30 billion in assets and helped develop the bank’s client acquisition strategy.

Prior to joining Morgan Stanley, he was a senior research associate at Greenwich Associates.
US Trust, Bank of America Private Wealth Management poached two private client advisors from rival, Wachovia, and appointed a new executive to head the wealth management operations for the state of Maine.

The recent appointments bring the amount of individuals US Trust has appointed since the start of 2007 to more than 250, the firm said.

Cara Hanna and Peter Hitt are the ex-Wachovia advisors who started with the firm.

Ms Hanna, a former senior vice president and partner, is now private client advisor for the city of St Petersburg and Tampa; and Peter Hitt, former managing partner at Wachovia Securities Equity Capital Markets Division, is now a private client advisor based in Baltimore.

The firm appointed Steve deCastro, city executive for the state of Maine based in Portland, responsible for the wealth management operations of the US Trust offices in Bangor and Portland. Mr DeCastro was formerly senior vice president and senior client manager with Bank of America’s Commercial Banking Division.

In addition the wealth management firm appointed former senior vice president and client manager with Bank of America’s Global Commercial Banking in the Healthcare and Institutions Group, Lisa Marshall, as a private client manager, also in Tampa.

Ms Marshall and Ms Hanna report to US Trust Market Executive for Tampa Bay, Joe Weaver.

Based in Baltimore, Mr Hitt will report to US Trust Baltimore Market Executive, Laura Gamble.

Mr DeCastro will report to US Trust Northern New England Market Executive and New Hampshire State President, John Weeks.

Citi has appointed Edward "Ned" Kelly president of Citi Alternative Investments, reporting to John Havens, the unit’s chief executive officer.

Mr Kelly will chair the CAI Management Committee and takes responsibility for the business and many of its investment centres.

Citi has also named Jaime Yordan as vice chairman, Global Banking, Latin America, reporting to Manuel Medina Mora, chairman and chief executive officer of Citi Latin America and Mexico, and to Raymond McGuire and Alberto Verme, co-heads of Global Investment Banking.

Armando Diaz joins Citi's Global Equities business as head of US Institutional Cash Trading, reporting to Kevin Russell, head of Americas Equities Trading. Mr Diaz was previously at Goldman Sachs, most recently as the partner managing single stock cash and derivative trading.
Florida-based Levitt Capital Management, has hired JoAnna Ballarini as a client relationship officer.

Prior to joining LCM, Ms Ballarini was vice president, client development consultant at Wachovia Wealth Management in Palm Beach from 2005. There she developed business for Wachovia Wealth Management and Private Banking team of Palm Beach County.

US fund manager Legg Mason has appointed Mark Fetting as its new chief executive and president.

Mr Fetting is currently senior executive vice-president at Legg, and heads up its mutual-fund business.

Mr Fetting is a former executive at Prudential Financial and was previously at T. Rowe Price Group. He will replace Raymond "Chip" Mason, the co-founder of Legg.

Barbados-based FirstCaribbean International Bank has appointed Cheryl Blackman as legal and compliance director in its eight-member Wealth Management Leadership Team.

Cleveland-based KeyCorp has hired Jane Grebenc as executive vice president, to lead its Wealth Management group.

In her new role, Ms Grebenc will oversee KeyCorp's two principal Wealth Management business groups – Key PrivateBank and Key Wealth Management. Together they provide investment, banking, insurance, and trust services to affluent individuals and families as part of the broader Key Community Banking organisation.

Ms Grebenc joins Key from National City Corporation, where most recently she served as executive vice president, Private Client Group.

The PrivateBank - Georgia, a wholly owned subsidiary of Chicago-based PrivateBancorp, has tapped LaSalle Bank to hire Mark Veach as managing director and Zennie Lynch as associate managing director. Both will be based in Atlanta.

Mr Veach was senior vice president and managing director of LaSalle Bank's southeastern regional office in Atlanta. Mr Lynch was first vice president and relationship manager in LaSalle's Atlanta office.

Wachovia has hired Walter Kennedy and Patrick Long to work in the private client unit in North Carolina. They previously worked at UBS, each managing assets of about $114 million.

Wachovia has also taken on three from Citigroup’s Smith Barney unit to work in the private client group of the Madison Avenue branch in New York. Bernard Levine had prior assets under management of about $152 million, while James Dimitriadis managed about $26.1 million, and Dennis Briscoe previously managed $26.5 million.

Deutsche Bank Alex. Brown, the US Private Client Services division of Deutsche Bank Securities and Deutsche Bank Private Wealth Management, has added two client advisors apiece to its San Francisco and Los Angeles offices.

Tim Ford and Melissa Conroy Whitney have joined the San Francisco office as managing directors and will report to William Svoboda, a managing director and regional executive in San Francisco.

Benjamin Goldberg and Brian Richmond have joined the Los Angeles office as directors, reporting to Phil Waxelbaum, a managing director and regional executive in Los Angeles.

Both Mr Ford and Ms Whitney join from Lehman Brothers' Corporate Cash Management group. Mr Ford was most recently a managing director and Ms Whitney was a senior vice president.

Mr Goldberg and Mr Richmond both join from Bank of America. Mr Goldberg was a senior vice president in the Investments division and Mr Richmond was a financial advisor.

Natixis Global Associates, a part of Natixis Global Asset Management, has promoted John Bearce as senior vice president, Business Development for its Managed Portfolio Advisors division. Headquartered in Oakland, California, MPA is an overlay manager in the separately managed accounts industry.

Mr Bearce joined Natixis Global Associates in 2001 from Putnam Investors, and was formerly senior vice president and portfolio manager at MPA.

Delaware-based Wilmington Trust has promoted Mark Graham to executive vice president and head of Wealth Advisory Services. He was previously head of wealth management and commercial banking activities in the mid-Atlantic region.

In his new role, Mr Graham will be responsible for managing and expanding the fast-growing WAS business, which has clients throughout the US and offices in 10 states. Based in Wilmington, he will report directly to Wilmington Trust chairman and chief executive, Ted Cecala.

San Francisco-based wealth manager First Republic Bank has named Vito Gioiello as managing director of First Republic Investment Management.

Based at the Santa Barbara office of First Republic Investment Management, Mr Gioiello will work with high net worth individuals, families, businesses and foundations to identify their investment management needs.

Prior to joining First Republic, Mr Gioiello was senior portfolio manager for Manchester Capital Management in Santa Barbara. Before that, he served as vice president of both Northern Trust Bank of California and City National Bank Trust Division in Southern California.

UBS in the US has hired Lee Bailey Konopka and Stephen Ruvituso as senior vice presidents in investments, based in UBS' Private Wealth Management office in Stamford, Connecticut, where they will report to executive director Mary Barneby.

Both join UBS from the Stamford office of Citigroup's Smith Barney, where they worked with clients in the ultra-high-net worth segment as well as family offices. Also joining are Julie Ackerman and Todd Stankiewicz.

Madrid-based Banco Bilbao Vizcaya Argentaria has appointed William Helms as chief of wealth management at Compass Bank, the Birmingham-based institution which will spearhead the Spanish bank's US expansion plans.

Jose Maria Garcia Meyer will move to Compass from Houston-based BBVA USA and become chairman. BBVA has said Compass will remain based in Birmingham, with former finance chief Gary Hegel taking over as chief executive. Former Compass chief executive and chairman Paul Jones retired on 31 December.

Deutsche Bank Private Wealth Management has hired Ed Lok as a managing director and private banker to work in the firm’s private bank in the San Francisco Bay Area. He will report to Mark Pittsey, a managing director and San Francisco office director.

In addition, Jonathan Herpel and Deirdre Judge have joined the firm as directors and investment advisors for PWM's West Coast clients. Mr Herpel will be based in San Francisco and Ms Judge in Los Angeles. They will report to John Alexander, a managing director and head of investment advisory.

Mr Lok joins from Citigroup Private Bank where he was a managing director and private banker; Mr Herpel joins from Citigroup Asset Management in Geneva, where he was a director and senior portfolio manager; Ms Judge was most recently a director in Citigroup Global Hedge Strategies.

Morgan Stanley has hired Gary Owens as senior vice president and wealth advisor for its Global Wealth Management Group office in Boca Raton.

Former Clinton aide Jack Lew has been appointed chief operating officer for Citi Alternative Investments, Citigroup's alternative investment division. He replaces Don Callahan, who recently was appointed chief administrative officer for Citi.

Mr Lew joined CAI from Citi Global Wealth Management, where he was also COO. In his new post, according to HedgeWorld, he will oversee coordination between the operations, technology, human resources, legal, financial and regional departments.

Mr Lew will report directly to John Havens, president and chief executive of CAI. He will also chair the CAI operating committee and join the CAI management committee. He is a member of the Citi management committee.

Canadian bank CIBC has brought back Gary Whitfield, as vice-president and head of its private wealth management business.

He rejoins from Barclays Private Bank in the UK where he was most recently head of business development for the UK Private Bank and head of the UK expatriate team for Barclays Wealth. Before that, he had spent nine years with CIBC, most recently as director of wealth management for business banking.

Boston-based Franklin Portfolio Associates, one of the asset management boutiques within The Bank of New York Mellon, has promoted Oliver Buckley, chief investment officer since January 2006, to take over as chief executive officer later this year.

He will succeed John Cone, one of the firm's founders, who will remain chairman of the FPA board and will contribute to FPA's overall investment process and ongoing strategic planning.

Mr Buckley will retain his CIO role and continue to devote most of his time to managing the investment teams and research efforts at FPA.

New York-based wealth manager Rockefeller & Co has appointed Susan Traver as managing director of Marketing and Sales.

Ms Traver will oversee Rockefeller's marketing and sales functions, developing and executing strategies to continue the growth of the firm and enhance client outreach initiatives.

She will be based in the firm's Washington, DC office, and report directly to Jim McDonald, president and chief executive.

Ms Traver recently managed Merrill Lynch's Private Banking and Investment Group for the Mid-Atlantic region and previously served across a number of senior executive roles at US Trust, including that of national sales manager, responsible for business development activities throughout the 48 states outside of New York and New Jersey.

US wealth manager WealthTrust has appointed Holly Deem as chief operating officer. She will be based at the group's Nashville headquarters.

Ms Deem joins from Invesco, where she was chief administrative officer and chief risk officer. Prior to that, she served in several senior roles within the investment management areas of Bank of America, including president of Private Investment and president of TradeStreet Investment Associates, the institutional investment subsidiary with assets under management of $85 billion.

PNC Bank has appointed former LaSalle executive S. Kay Geiger as its new president of the Ohio and Northern Kentucky region, replacing John Taylor, who was appointed president and chief executive officer of Lexington-based American Founders Bancorp last year.

Ms Geiger was the senior vice president and regional manager of corporate banking in Ohio and Kentucky at LaSalle/ABN Amro Bank. She left LaSalle following Bank of America's takeover of LaSalle.

Deutsche Bank Alex Brown, the US private client services division of Deutsche Bank Securities and Deutsche Bank private wealth management, has hired six client advisors into its East Coast operation.

Luke Samson, Todd Kingsley and Rick Harris have joined PCS as managing directors and will work closely with high net worth individuals and families.

Mr Samson will be based in New York and will report to Haig Ariyan, a managing director and New York regional executive. Mr Kingsley and Mr Harris will be based in Washington DC and will report to Matt Megary, a director and Washington DC regional executive.

Mr Samson joins the firm from Bear Stearns where he was an associate director in the private client division; Mr Kingsley and Mr Harris join from Smith Barney Citigroup global markets where both were directors in the wealth management division.

Jack Gregg has joined from UBS as a director in the Philadelphia office, reporting to Marty Leclerc, a managing director and Philadelphia regional executive.

Brian Kelley has joined from Credit Suisse First Boston as a director in the Greenwich, Connecticut office, reporting to David Fleming, a director and Greenwich regional executive.

Victoria Ricker has joined from AG Edwards as a director in the Palm Beach office, reporting to Jamie Zahringer, a managing director and regional executive in Florida.
Merrill Lynch has named Dan Sontag as the new head of its Americas wealth management division in place of Mac Gardner, whose departure from the Wall Street bank at the end of this month was announced in an internal memo late on Friday

Mr Sontag is currently a senior vice president and head of Global Private Clients Americas Advisory Division, responsible for the strategic management of 700 US and Latin American branch offices.

He will report to Robert McCann, president of Global Wealth Management, which includes Merrill's army of brokers.

Rodney Banks has joined City National Bank in California from Bank of America as executive vice president and manager of commercial banking services. He becomes a member of the bank's executive committee and will also work with the company's private banking services and wealth management divisions.

Reporting to City National president Christopher Warmuth, Mr Banks will be responsible for commercial banking strategy, business development and client service in California.

Connecticut-based financial services provider, Hartford Financial Services Group, has appointed Peter Smyth as senior vice president and director of strategy, development and operations for international wealth management.

He was previously general manager for ING Asia Pacific in Hong Kong, where he oversaw operations in Korea, Taiwan, Australia, Hong Kong, India, Pakistan, New Zealand and Thailand.

Man Investments, the asset management arm of UK-listed hedge fund manager Man Group, has promoted Uwe Eberle to the newly-created position of chief executive and president of Man Investments USA as of 1 January 2008.

Mr Eberle, who has been chief executive of Man's institutional business since August 2006, will take over the firm’s private client business in the US and maintain his current responsibility leading its US institutional initiative.

He succeeds John Kelly as head of the unit who has announced his retirement. Mr Kelly joined Man in 1987 to establish the firm's hedge fund business in the Middle East.
Canada's Scotiabank has appointed Barry Malcolm as managing director of Scotiabank Bahamas.

Mr Malcolm has served as a member of Scotiabank Bahamas’ board of directors, and has previously worked with the Bahamas Financial Services Board, the Grand Bahama Port Authority and, most recently, was chairman of the Broadcasting Corporation of The Bahamas.

Homrich & Berg has appointed Rick Kraich to the new position of chief investment officer. He joins from Georgia Tech Foundation, where he served as senior director of investments.

Founded in 1989, Atlanta-based Homrich & Berg provides fee-only wealth management services to high net worth individuals, families and not-for-profits. It currently manages over $1.6 billion for about 350 relationships.

Asia Pacific
BNP Paribas Investment Partners has promoted Vincent Trouillard-Perrot as chief executive for Asia (ex-Japan). He was previously representative director and president of BNP Paribas Asset Management Japan, which he joined in 2003.

Based in Hong Kong, Mr Trouillard-Perrot will be responsible for the French bank's asset management capabilities in Asia, particularly in the Chinese and Indian markets, as well as in the countries of South-East Asia, which have seen unprecedented growth in recent years with massive inflow of foreign capital.

Prior to his Japan posting, Mr Trouillard-Perrot worked in Hong Kong for four years at the BNP Paribas Private Bank Hong Kong branch as chief operating officer for Hong Kong and North Asia and deputy head of Private Banking.

Basel-based Bank Sarasin has hired Conrad Lim as head of Legal, Asia and the Middle East as it gears up to upgrade and expand its operations in Singapore, Hong Kong and the Middle East.

Mr Lim will be based in Singapore and will report to Sarasin's general counsel Dr Markus Affolter.

He joins from Credit Suisse Private Banking, where he was co-head of Legal, Asia Pacific. Prior to Credit Suisse, he was the regional compliance director at Barclays Private Bank.
Macquarie Private Wealth has hired Mark Fisher, AXA’s former state manager for Queensland, as its new head of strategic financial planning in Brisbane.

The Australian investment bank is gearing up to expand its financial planning arm and has its sights set on a range of niche markets.

Hans Schuettler, Morgan Stanley's chief executive for Asia, has resigned less than two years after his appointment in April 2006. He is returning from Hong Kong to Germany.

Morgan Stanley Asia chairman, Stephen Roach, who has been with the Wall Street bank since 1982, becomes acting chief executive for Asia.

BNP Paribas has appointed Eddie Chang as head of Wealth Management at its Taipei branch. He succeeds Jean-Louis Tourne, who is relocating to BNP’s private banking arm in Europe.

Mr Chang joins BNP Paribas from Fortis Wealth Management Taiwan, where he was senior executive. Prior to that, he worked in major investment houses in Taiwan including Merrill Lynch and AIG Securities Investment Consulting Enterprise.

Mr Chang will be based in Taipei and will report to Claude Haberer, chief executive of BNP Paribas Private Bank, Hong Kong and North Asia.

Michael de Santiesteban and a team of five colleagues has joined Julius Baer as team head and managing director, Marketing South East Asia, reporting to Heinz Puth, head of Marketing South East Asia.

Mr de Santiesteban was desk head for the South Asian market for UBS in Singapore. Prior to that, he worked as a senior banker at Citi Private Bank. He began his career in investment banking in Asia, focusing on capital markets and research, where he also founded and managed his own investment banking financial services advisory firm that focused on debt and private equity investments.

Thitima Chuntamongkol has also joined the bank’s Marketing South East Asia team. She has over 20 years experience in the financial services industry. Prior to joining Julius Baer, she was with UBS for six years and before that, she was in the asset management and investment banking business.

Jan Philip Dirkman and Theekaroj Piampongsarn will join the Marketing South East Asia team later this year from UBS.

Jeffrey Chiam has joined Julius Baer as head of HR and member of the Singapore Management Committee. He is responsible for leading the bank’s HR function. He reports to Markus Kobler, chief operating officer. He was previously regional HR manager at ING Asia Private Bank covering Asia and Middle East; and country HR manager at JP Morgan.

Christina Ng has joined the bank’s Marketing South East Asia team. She too reports to Mr Puth. Prior to this, she was with Premium Group at BNP Paribas Private Bank where she managed ultra high net worth clients who have investible assets of more than $50 million. Before that, she was acting desk head for Thailand at BNP Paribas.

UBS Wealth Management has hired George Boubouras from Macquarie Group as its new head of investment, strategy and consulting in Australia.

Mr Boubouras will be based in Melbourne and report to Andrew Williamson, executive director for Australia and New Zealand, in Sydney.

HSBC has poached Gary Hung from Merrill Lynch in Hong Kong to be managing director and head of intermediaries, North Asia in wealth management sales. At Merrill, Mr Hung was a director of equity structured solutions.

Mr Hung’s position at HSBC is a newly created one in which he will be responsible for managing the intermediaries business for Greater China and Korea. He will be based in Hong Kong and will report to Ken Sue, managing director and head of wealth management sales, Asia-Pacific.

Benjamin Hung Pi-cheng, who replaced Peter Sullivan as chief executive of Standard Chartered Bank (Hong Kong) on 1 January, said he aims to generate more private banking business by opening five to 10 new branches in 2008, raising the total number of Hong Kong outlets to about 80.

Mr Hung, who was promoted from head of consumer banking, said that private banking was not his sole focus. "Retail and wholesale banking are two strong engines, their client bases overlap. We hope to have clients using our bank as their main bank for investments," he said.

Europe
Investec Asset Management has beefed up its European business with the appointment of several new team members.

Alex Ricchebuono has been appointed managing director, Continental European Distribution. He will assume overall responsibility for Investec Asset Management’s fund distribution and institutional business in Continental Europe.

Mr Ricchebuono has worked for Schroders, Paribas and American Express in Italy, France and Latin America before joining Janus Capital in 2000 where he was most recently co-head of Financial Institutions, Europe.

Existing institutional business development manager Anna Parlevliet, will relocate to London from the Cape Town office and will switch her geographic focus to cover European institutional sales. Four other individuals have been newly appointed.

The enlarged European team will report to Richard Garland, managing director, International Distribution and will form part of what the company refers to as a major expansion plan for its asset management’s cross-border business including the Americas, Europe, Middle East and Japan.

Investec Asset Management will now have a team of ten people covering Europe.
Claus Korner, head of Deutsche Private Wealth Management in Russia, has left for Icelandic banking group Glitnir.

Mr Korner had held his position at Deutsche since 2004.

Deutsche Bank has reinforced its Private Wealth Management operation in Spain with the appointment of Juan González Cantero as head of its family office business.

Mr González Cantero joins from GHC, where he was managing director. Prior to that, between 2000 and 2001, he was director of investment and private clients relationships at Banco Inversión.
Dublin-based stockbroker Davy has promoted Robbie Kelleher to run its private clients division. He is currently head of equity research.

Mr Kelleher, a former Dublin footballer, will take over as head of investment strategy at the division in March.

Deutsche Bank, Germany's largest global investment bank, has appointed Vladimir Pakhomov as head of its Private Wealth Management unit in Russia.

Based in Moscow, he reports to Hannes Oelschlegel, head of PWM Deutsche Bank in Central and Eastern Europe & Turkey.

Mr Pakhomov joins from Renaissance Investment Management (Moscow), where he was responsible for retail business development.

Deutsche Bank has promoted Nemanja Zugic as the new head of its representative office in Belgrade, Serbia. He replaces Wolfgang Walter, who has managed the Serbian office since 2002.

Mr Zugic, previously deputy head in Belgrade, will continue to focus on representing Deutsche Bank's corporate and investment bank as well as private wealth management in Serbia, Montenegro and Macedonia.

As head of the representative office in Belgrade, he will report to Peter Tils, chief executive of Deutsche's Central and Eastern Europe region.
Crédit Agricole has promoted Jean-François Abadie to head of International Private Banking and a member of the management committee of its Calyon corporate and investment banking entity.

He replaces Jacques Haffner, who is due to retire in April.

Merrill Lynch has hired Stefano Guglielmetto to head its Global Wealth Management discretionary team in Italy. He will report to Massimo Fortuzzi, market leader for Italy, GWM EMEA and Andrew Clark, head of Merrill Lynch Portfolio Managers, GWM EMEA.

Before joining Merrill Lynch, he was head of the institutional client portfolio management group at Antonveneta ABN Amro.

Belgian financial services group KBC has appointed Danny De Raymaeker to succeed Frans Florquin as a member of the executive committee of KBC Group, as of 1 May 2008.

Mr Florquin, who is retiring, has headed the Belgium Business Unit since the creation of KBC Group in 2005. He also holds office in several KBC group subsidiaries in Belgium and abroad, as well as in the Belgische Raiffeisen Stichting. He is a member of the board of the Belgian Bankers' and Stockbroking Firms' Association.

Saxo Bank, the Danish investment bank and E-FX trading provider, has appointed Hugh Taggart as head of Financial Products based in London.

Mr Taggart will head up the bank's financial product management team, with members based both in Denmark and the UK, and will help to direct future product strategy.

Mr Taggart was formerly product manager and sales specialist for Dow Jones' machine readable news.
Merrill Lynch’s Global Wealth Management group has hired three new financial advisors to strengthen its position in the Finnish and Danish markets. Kari Kulpakko, Lassi Ketola and Johnny Olesen will report to Steen Foldberg, market leader for Luxembourg, Belgium and the Nordic markets in GWM EMEA.

Mr Kulpakko and Mr Ketola will be based in Luxembourg, providing wealth solutions to Finnish clients, working alongside Antti Sulkakoski and Heikki Haukka. Mr Kulpakko joins from ICE Capital where he was sales director looking after institutional and private clients. Mr Ketola joins from FIM/GLITNIR Asset Management, where he was a private banking customer relationship manager.

Mr Olesen will work with Danish high net worth clients and will also be based in Luxembourg. Before joining Merrill Lynch, he was at Nordea Bank for 13 years where he worked in various private and premium banking roles.

Credit Suisse has appointed investment banker Eric Varvel as chief executive officer of the Europe, Middle East and Africa region.

Mr Varvel will succeed Michael Philipp, who has been chairman and CEO of the EMEA region for the past three years. He will report to Brady Dougan, CEO of Credit Suisse, and will be a member of the executive board. He will move from New York to London and assumes his role on 1 February 2008.

Mr Varvel will work with the Investment Banking, Private Banking and Asset Management businesses, leading the integrated bank in the region.

Mr Philipp will step down as a member of the executive board to assume a new role as chairman of the Middle East and Africa, focusing on strategic clients in the region, working closely with Mr Varvel. Michael Philipp will continue as chairman of the Environmental Business Group of Credit Suisse.

Oliver Orth has been promoted to director of Merrill Lynch Global Wealth Management’s German market. He will report to Gilles Dard, head of northern Europe for Global Wealth Management.

Over the past two years, Mr Orth has been instrumental in re-establishing the GWM-Global Markets and Investment Banking relationship in Germany with focus on high net worth and ultra high net worth cross-business opportunities.

Mr Orth joined Merrill Lynch GWM in December 2005. Prior to joining GWM, he worked for nine years in Merrill Lynch's investment banking division in London and Hong Kong as well as for ABN Amro in London.

Asset Risk Consultants, the Guernsey-based investment consultancy, has appointed Euan Dangerfield to strengthen its investment consulting team.

Prior to joining ARC, Mr Dangerfield was director of Investment Services at Mourant Private Wealth in Jersey. ARC is currently looking to establish an office in Jersey which will offer trustees an integrated portfolio review service.

UK-listed financial services group Collins Stewart has appointed Paul Fitzgerald to the newly created role of chief operating officer in Dublin. The appointment is part of plans to grow an Irish fund management business.

Mr Fitzgerald joins from Bank of America Securities where he had been running the firm's European equity prime brokerage middle office business since 2006.

Morgan Stanley Private Wealth Management EMEA has hired Farhad Assari as an investment advisor to be based in Doha, Qatar.

He joins as an executive director and will lead the effort to build a PWM presence in Qatar. Before moving to Qatar full-time in February 2008, he will be based in the London office for January and will also spend some time with the team in Dubai.

Before joining, he was a managing director of HSBC Private Bank, where he was responsible for building and managing a team of eight private bankers covering the Middle East and North African region and Caspian markets. January 22, 2008
Jasper Capital, a London-based corporate finance and advisory group, has appointed Jonathan Holley as chief executive of Jasper Asset Management, its new fund and wealth management arm.

Based between London and Dubai, Mr Holley will manage the Jasper group’s private equity investing, investment fund product management and dedicated client investment company operations.

Prior to joining JAM, Mr Holley was managing director of Berlin-based Contraco Capital, a private equity fund services and advisory company in the Eastern European, Asian, Swiss and Gulf regions.

Icelandic bank Kaupthing has tapped Dresdner Kleinwort Benson to hire Hazim Al Karaki as its MENA Area head of Wealth Management. It has also appointed a new director of Asset Management and a new head of Specialised Industries for Investment Banking in the region.

Kaupthing was the first Scandinavian Bank to be licensed to operate in the Dubai International Finance Centre and Qatar Finance Centre, focusing on investment banking and wealth management services to entrepreneurial corporate and high net worth clients.

Mr Al Karaki joins Kaupthing Bank after serving in the region with Dresdner Kleinwort Benson. Prior to that he worked with Grindlays Bank. He will continue to focus on entrepreneurs and high net worth clients in the region.

Hiroo Hagiwara, Kaupthing's new director of Asset Management, joined from Global Investment House in Kuwait where he was head of Business Development of the Investment Funds Department. Prior to that he worked on the pan European equity sales team at Dresdner Kleinwort Wasserstein. He will have responsibility for marketing Kaupthing's asset management products in the region as well as new product development.

Vikram Airi, a specialist in project advisory, M&A and debt and equity financings in the region, has been appointed head of Specialised Industries, Investment Banking. He formerly held senior positions at BTU Ventures, TD Securities, CIBC and GE Capital.

International
Conyers Dill & Pearman, the international offshore law firm, has expanded its Trust & Private Client department with two appointments, and has also named a new head to its affiliated trust company, Codan.

Barrister Nicholas Johnson returns to the firm in the Bermuda office as a senior attorney in the Trust & Private Client department, having resigned from the partnership in 2002 to return to university to complete a Masters in Divinity. Mr Johnson is a member of the Inner Temple and the Bermuda Bar Association, and is a Commissioner for Oaths.

Solicitor Henry Moss also joins the Trust & Private Client department in Bermuda as an associate. He previously worked at Withers in London where he was a member of the International Trusts team within the Wealth Planning group.

Meanwhile, David Sussman has joined as the head of Conyers Dill & Pearman’s affiliated Codan Trust Company.

South Africa's Standard Bank has appointed Veronica O'Brien and Steve Noon to expand distribution of offshore products and services to IFAs in Asia and the Middle East.

Based in Dubai, Ms O'Brien will focus on further developing intermediary business in the Middle East. She joins from the Dubai branch of Friends Provident International, which she set up and managed. Prior to that, she worked with Scottish Provident International in Dubai.

Based in the Isle of Man, Mr Noon will take responsibility for growing business with IFAs in Asia. He joins from Derbyshire Offshore in the Isle of Man, where he drove strategy to expand the firm's profile in intermediary and corporate markets.

Barclays Global Investors has hired Robb Corrigan as global head of corporate communications and a managing director, effective 17 March 2008.

Mr Corrigan will oversee all BGI’s corporate communications functions and activities globally and will be based in London.

Mr Corrigan joins BGI from Man Group where he was also head of communications.

A new department to coordinate commercial activities with the private bank’s marketing and communication strategy at an international level has been set up at French major Societe Generale.

The new team, based in Paris, will be headed by Francois Barbe, appointed global head of sales and marketing.

He will be supported by Benoit Vander Borght, Frederique Dompeyre and Bart-Jan Van der Linde, all already at SocGen.