In September, WealthBriefing reported the following moves in the wealth management industry:

UK

UK-based private bank Kleinwort Benson made a senior investment hire with Mary Haly joining the portfolio management team. Ms Haly joins from Baring Asset Management where she spent five years as head of UK Institutional Equities. 

Deutsche Bank appointed Robert Kalff as a managing director with immediate effect, poaching him from Credit Suisse.

GAM has appointed Mark Hawtin as investment director to its

London office. He joins on 1 October 2008 to run a global long/short equity mandate. Mr Hawtin was previously a partner and portfolio manager at Marshall Wace Asset Management, managing the company’s technology, media and telecoms hedge fund.

UK wealth management and advisory firm HFM Columbus made three senior appointments to increase its service to high net worth clients. James Scott, who previously worked at Ward Consultancy and Coutts, and Ross Ibbotson – who has completed eight years with the Ward Consultancy, joined the firm.

London private client law firm Boodle Hatfield appointed Karen Marks as partner. She was a partner in the tax and private capital team at LG (formerly Lawrence Graham).

UK private bank Coutts promoted Samik Mukherjee to the rank of senior private banker to work in its Fleet Street office in central

London. Mr Mukherjee has worked at Coutts since 2004.

London and

Miami headquartered Strategic Real Estate Advisors appointed Andrew Mills as chief operating officer and general counsel.  He joins from City law firm Clyde & Co.

Roland Kitson stepped down as sales and marketing director of Close Investments at

UK investment bank and wealth manager Close Brothers and will be leaving the business shortly. Stuart Dyer was appointed head of

UK distribution, covering private client, retail and institutional channels.  Rex Cowley took on the role of head of marketing for the asset management business, covering onshore and offshore activities. 

UK-listed RAB Capital chief executive Philip Richards stepped down from his position to focus on investment management. As a result of the shakeup, Stephen Couttie took over as chief executive. Mr Couttie had been chief operating officer at RAB since July 2005 and finance director since April 2007. Meanwhile, Charles Kirwan-Taylor was appointed as an executive director. Mr Kirwan-Taylor joined RAB in March this year, having previously worked at banks including Credit Suisse.

Barclays Global Investors appointed Deborah Fuhr as global head of ETF research and implementation strategy. Ms Fuhr, who will become a managing director, joined BGI from Morgan Stanley, where she spent the past 11 years focused on the ETF market. Andrew Knott has been hired as a portfolio manager. Mr Knott previously worked at Merrill Lynch, where he ran the European Oil & Gas Exploration and Production Equity Research team.

Meanwhile, Barclays Wealth has added two private bankers to its expanding investment management division in

Edinburgh. Chris Cowan joins from Royal Bank of Scotland-owned Adam Bank, where he was latterly a senior banker responsible for a team of nine people. Duncan Hunter recently transferred to the BW Edinburgh office from the firm’s headquarters in

London with over 15 years of investment banking experience. Directly before joining Barclays Wealth, Mr Hunter spent the five years with Merrill Lynch.

GLG hired Anthony Burton at its

London office as a portfolio manager. At Merrill Lynch, Mr Burton ran a global long short fund which was largely focused on the technology, media and telecom sectors.

The
UK financial services and investment group, Smith & Williamson, appointed Nick Hodgson to lead its fund business, joining from

UK investment firm AXA Framlington. Mr Hodgson has been consulting to the investment management industry in 2008.

Edinburgh-based investment manager Baillie Gifford expanded its fixed income capabilities with three new appointments.

Two experienced bond investors joined the department, as part of the credit team: Duncan Sutherland joined from SWIP where he had specific knowledge of structured bond products; Donald Phillips came from Aegon, having specialised in investment grade corporate bonds. Susan Swindells joined as client service director. She was previously with Fischer Francis Trees & Watts, where she managed credit portfolios.

London-based private client law firm Withers appointed partners Matthew Woods and Bertie Hoskyns-Abrahall as joint heads of the firm's 26-strong landed estates practice group. The post is newly created.

Michael Morley, managing director of Kaupthing Wealth, left the firm for personal reasons. He is being replaced internally by Iain Stewart, a recent appointee of Mr Morley.

Dublin-headquartered Carne Global Financial Services boosted its

London team with the hiring of Paul Ramsey as a principal consultant. He joined Carne, an independent advisor to the global hedge fund and private wealth industries, from London IT consultancy Citisoft.

Heartwood Wealth Management appointed Scott Ingham as investment director. Mr Ingham joins from Rothschild Private Banking and Trust where he was a director and portfolio strategist.

The chief investment officer of

UK wealth manager Arbuthnot Latham, David Kidd, has left the company. Mr Kidd left his post as CIO at the end of August. He joined Arbuthnot as CIO in 2005.

UK investment boutique Brooks Macdonald Asset Management hired Clare Harvey as a new private client investment manager in its

London office. She joined from Ashcourt Asset Management, part of UK-listed Syndicate Asset Management.

UK asset manager F&C Investments recruited Oliver Sonnbichler as a fund manager in its multi-manager team. Mr Sonnbichler began his career in the private banking and wealth management industry a decade ago with Rand Merchant Bank in
South Africa before moving to the

UK with Ansbacher. He joins F&C from the financial services practice at Navigant Consulting.  

London-based Cazenove Capital Management hired Nick de Caestecker, previously a senior banker with Bank of

Scotland Private Banking and working at Coutts for 25 years before that, to the newly-created role of manager - lending services. Jonathan Money also joined the firm as a fund director and will be responsible for managing high net worth private clients. He was previously a director of family office Rupert Loewenstein Investments, responsible for advising investors on investment strategy and asset allocation.

Paul Stockton formally joined the board of the company and taken up his position as finance director of

UK wealth manager Rathbone Brothers. Mr Stockton joined from UK insurer Pearl, having also worked at Old Mutual as group financial controller, becoming director of finance in 2001 and finance director of Gerrard shortly after.

UK private bank Kleinwort Benson appointed Alexandre Pigault as head of alternative assets research. Mr Pigault joined the Dresdner subsidiary from Blue Oak Capital.

Conforto Financial Management, an independent financial advisor, continued its expansion with the appointment of a senior wealth advisor from wealth manager Towry Law and a new graduate advisor. Adam Osper joined from Towry Law’s

London office.

Mr MacKenzie joins from Royal Bank of

Scotland with 27 years of treasury and money market experience.

London-listed banking group Close Brothers announced that Colin Keogh, who has been with the company for 23 years and chief executive for the last six, will be stepping down once a suitable successor has been found.

BNY Mellon UK-based asset management subsidiary Newton Investment Management appointed Karen Clark as director of investment management for its private client division. Most recently Ms Clark was director of private wealth management at Mellon Financial Corporation in

Los Angeles.

Zoe Vucicevic joined UK-based Vestra Wealth as a partner to develop the high net worth mainly

UK resident domiciled market. She was most recently at UBS where she reported to Shona Baijal. Ms Vucicevic joined Vestra at the beginning of September, having left UBS in June.

North America

Wachovia Wealth Management, part of US-listed bank group Wachovia, appointed Thomas Beames as regional director of Richmond Wealth Management Private Banking team in

Virginia. Mr Beames was senior vice president and regional managing director of

Florida’s Wachovia Trust and Investment Advisory Services. Meanwhile, Wachovia Securities hired Tom McManus, formerly managing director and chief investment strategist at Bank of America Securities, as its new chief investment officer and director of advisory services.

Convergent Wealth Advisors, lifted out two teams from the institutional clients group of Citigroup. George Dunn and Peter Dunne joined Convergent in its

Washington office as managing directors. David Mattia, an 18-year veteran of Citi, and Lori Van Dusen, who had been with the company for 21 yearsm joined Convergent Rochester, New York, as managing directors. The teams have nine employees each.

JP Morgan Chase appointed Adam Green as north-east regional director of its

US private wealth management business. Mr Green rejoins from Lehman Brothers, having previously worked for JP Morgan's investment bank.

Hartman & Craven, a New York-based law firm, added new members to its trusts and estates practice, including Caryn Keppler-Citrin, who will be a partner, Aleena Shapiro, who joined as counsel. Gwyneth Nardi, a fiduciary administrator, also joins the group. Ms Keppler-Citrin was previously counsel in the trusts and estate practice areas at Salans (formerly Christy & Viener) and Saretsky, Katz, Dranoff & Glass. Ms Shapiro was previously the founder and managing partner of Shapiro and Wender.

Morgan Stanley in the

US has poached a $4 million team from UBS, according to an On Wall Street report. Michael Siden joined Morgan Stanley's

Times Square,
New York City office after spending the last 12 years at UBS, where they generated $4.2 million per annum in fees. Previously, Mr Siden was at Citigroup and Lehman Brothers. Morgan also appointed UBS veteran Sheila Cromwell and her team to its Purchase, NY office.

Janney Montgomery Scott, a wealth management firm, hired Jeffrey Spivack as director of financial and estate planning in its wealth management department. Mr Spivack joined from Ryan Beck (now Stifel Nicolaus), where he served as director of financial planning.

Bank of America named William Lissau as its
Oklahoma state president and

Tulsa market president. Mr Lissau will continue to serve as a private client advisor for US Trust, Bank of

America Private Wealth Management.

Deutsche Bank appointed Tanya Campbell as its new chief operating officer in Cayman. Before joining Deutsche Bank (Cayman) in December 2007, she held the position of deputy chief financial officer at an offshore private bank in Cayman.

Wells Fargo named John Duchala regional manager responsible for the US North East region.

Rockefeller the

US multi-family office and wealth manager, appointed Loraine Tsavaris as a managing director with immediate effect, joining from US Trust.

US financial services recruitment firm Options Group appointed Robert Flohr as chairman. Mr Flohr served as senior advisor to Options Group since 2002.

Canadian financial services group Manulife, which works in fields including wealth management, named Donald Guloien to replace chief executive Dominic D'Alessandro. Mr Guloien, chief investment officer, has worked at Manulife for 28 years. Manulife also named John DesPrez, the senior executive vice president who oversees John Hancock Financial Services, as chief operating officer, responsible for insurance and wealth management operations in Canada, the US, Asia and Japan in 2009.

Offshore law firm Mourant du Feu & Jeune appointed funds partner Neal Lomax as head of its
Cayman Islands office. Mr Lomax continues as head of the funds team in that office.

US-based Foundation Source, a provider of support services for private foundations, promoted Page Snow to the post of chief philanthropic officer. Ms Snow was previously senior vice president of client services.  

The

US private investment company Quadrangle hired Steve Davidson as chief financial officer. Prior to joining Quadrangle, he was a managing director at global third party fund administrator Mourant.

US-based Pioneer Investments hired Brian Stack as portfolio manager of Pioneer Growth Opportunities Fund and Pioneer Growth Opportunities VCT (venture capital trust) Portfolio. Mr Stack worked most recently at Long Trail Investment Management. The funds’ previous co-managers were Peter Wiley and Diego Franzin.

Monarch Bank, a subsidiary of US-listed firm Monarch Financial, appointed Craig Reilly to president of the bank's

Virginia Beach region. Prior to Monarch Bank, Mr Reilly worked for SunTrust Banks, Inc.

Wells Fargo Private Bank appointed Daniel Anderson as a wealth management director for the
Beverly Hills and
Brentwood regions. Before joining Wells Fargo, Mr Anderson was senior vice president and wealth management regional sales manager for Santa Barbara Bank & Trust.

The managing director and chief fiduciary officer of BNY Mellon Wealth Management’s

Pittsburgh office, James Zern, has left to work for Smithfield Trust as a executive vice president. Mr Zern had worked for BNY Mellon and, before that, Mellon Financial, for almost 25 years.

Brian Katz and Craig Bloom, both senior vice presidents, at Citi Global Wealth Management, joined Morgan Stanley’s

Beverly Hills office.

Browndorf PEM hired Kevin Carias as an executive director at the funds group. He was previously the principal of a Nevada-based financial services company.

Citi Global Wealth Management chairman and CEO Sallie Krawcheck will leave the firm after spending eight months in the role. Citi named former head of the Corporate and Commercial Bank, Mike Corbat, to fill the role left open by Ms Krawcheck. Ms Krawcheck was Citi’s chief financial officer before she took up the GWM role in January this year. The firm also announced former CEO of Citi Alternative Investments, Ned Kelly, to replace Mr Corbat as the head of the Corporate and Commercial Bank. Ms Krawcheck succeeded Todd Thomson, who also left the company.

UBS Wealth Management hired 26 financial advisors from the stricken Lehman Brothers. Scott Stackman, Kenneth Witover, Adam Rosenthal, Jeff Kobernick, Robert Sechan , Heather Molin and Angela Mwanza joined the UBS New York private wealth management office. William Calvert, Stanley Abrams, Steve White, Thomas Barry, David Goodenough, Mike Wunderli, Kirk Wendorf, William Kun, Ryan McClellan, Johnny Chuchen, Michael Wallace and Kevin Kramer will work in the Los Angeles PWM office. They will report to newly-hired branch manager Barcley Perry, who will manage 28 advisors in the office.Jeff Oster, Neil Konigsberg, Gregg Abernathy, Christopher Clifford, Charles Strickler, Laurie Presnell and Michael Barnowski will join the San Francisco PWM office.

BNY Mellon Wealth Management appointed Julie Beck as vice president and private banking team leader at its

Westport,
Connecticut branch. Ms Beck, most recently worked as an oncology nurse at
Yale
New Haven
Hospital and prior to that was chief financial officer and a partner at Acumen Partners, a financial consulting firm in

Westport.

Asia-Pacific

Goldman Sachs Asset Management named Adam Broder as chief executive of Goldman Sachs Asset Management Company (

India), while Prashant Khemka has been named chief investment officer. Mr Khemka, who moved to Mumbai in September 2006, was most recently the head of the GSAM research team.

Credit Suisse has added to its team of managers at its Australian private banking division, appointing a director, two vice presidents, and an assistant vice president. Andrew Bird takes up the position of director, senior relationship manager, and Melissa Anderson is appointed assistant vice president, corporate advisory services. Paul Aliprandi and Lucinda Bloom are vice president of wealth planning and structured derivatives respectively. Simon Lints has joined Credit Suisse as senior vice president in the International Wealth Management team, based in

Singapore. Mr Lints was previously a client advisor in the wealth management team at UBS.

Baring Asset Management was appointed Stanley Yip as head of Asia ex -

Japan within its marketing and communications team. Mr Yip joins from First State Investments where he was a senior manager within the marketing and communications team.

Deutsche Bank hired three senior corporate finance bankers from UBS. Heidi Yang joined as a managing director and head of Deutsche’s corporate advisory group for
Asia. Ms Yang was previously head of the Greater China corporate finance group at UBS. Danny Lee and Johnson Ngie, joined as directors in the same corporate advisory group.

Barclays Wealth has hired Chokkalingam Gangatharan as its head of equity research in

India. Mr Gangatharan joins from Indian financial and investment services group ENAM Securities.

UBS Investment Bank promoted Joe Zhang to deputy head of investment banking,
China and Henry Cai to vice chairman of UBS Investment Banking,
Asia. Mr Zhang was rejoins UBS from Shenzhen Investment where he was chief operating officer. Mr. Cai was previously UBS chairman and head of investment banking.

Europe

Schroder Property appointed Ubbe Strihagen as director of business development for the Nordic region:
Sweden,
Denmark,
Finland,
Norway and

Iceland.

Banca Profilo, the Milanese private and investment bank named François Semerdjian as head of finance. For the past two years he has been managing director of fixed income at Bear Stearns International in

London.

US-listed investment firm T Rowe Price appointed Marja Kooistra to its European institutional sales and client service team, joining from Dutch financial services group ABN Amro.

Schroder Property appointed Ubbe Strihagen as director of business development for the Nordic region:
Sweden,
Denmark,
Finland,
Norway and

Iceland. Mr Strihagen joined on 1 October from Aberdeen Property Investors in

Stockholm, where he was international director responsible for the firm’s global business development and marketing.

French bank Société Générale appointed Jean-Pierre Mustier as head of Global Investment Management & Services.Mr Mustier, who was chief executive officer of Société Générale Corporate and Investment Banking, was also appointed chairman and chief executive of Société Générale Asset Management.

Middle East 

Morgan Stanley appointed Hani Nabulsi, Mohammed Odeh and Nadim Shabsogh as executive directors and investment advisors in its Dubai-based Private Wealth Management team.Mr Al-Nabulsi and Mr Odeh both join from Credit Suisse in Dubai, where they were jointly responsible for leading a UAE private banking coverage team. Mr Shabsogh joins from Bear Stearns in
London, where he had responsibility for
Middle East private client relationships.

Barclays Wealth, the wealth management arm of the UK bank,promoted Tony Sareen to head of Middle East, North Africa and

Turkey for its International division. Previously the regional director for Barclays financial planning, Mr Sareen was responsible for a 105-strong team and worked closely with Barclays Wealth International and other businesses across the Barclays Group.

Société Générale Asset Management UK appointed Waleed Hamdy as an analyst within its Middle East and
North Africa equity team. Mr Hamdy joined from Beltone Securities Brokerage in

Cairo where he advised clients on company valuations.

International

UBS hired Philippe Tschannen from Credit Suisse to lead its wealth management recruitment effort. Meanwhile, UBS appointed Jeffrey Mayer as joint global head of the fixed income, currencies and commodities business within its investment bank. Mr Mayer was formerly with Bear Stearns.

Susan Swanezy joined the alternative investments business of Credit Suisse as head of distribution for the Real Estate Products Group. Prior to joining Credit Suisse, she worked at Stockbridge Financial from September 2007 through September 2008.

Offshore law firm Ogier appointed three new partners to the group partnership: Simon Schilder based in the BVI, Caroline Chan based in Guernsey and Tim Morgan based in
Jersey. Mr Schilder has been a partner of the BVI legal practice since 2007 and joined Ogier as part of the merger with WSmiths in February 2007. Ms Chan joined Ogier in 2007 from a local law firm. Mr Morgan joined Ogier in 2003 from the investment banking division of Dresdner Kleinwort Wasserstein, having worked in both their
London and

New York offices.  

Banking group Butterfield made a number of appointments at its Bermuda retail and private banking divisions, including the recruitment of Nir Sadeh as head of private banking. Mr Sadeh was most recently senior vice president, head of private banking at Capital G Bank for the past five years. Meanwhile, Butterfield appointed Bob Wilson as head of Bermuda Banking with overall responsibility for retail, corporate and electronic Banking. Mr Wilson has worked at the bank since 1994.

Rothschild Private Banking and Trust appointed Trevor Kelham as managing director of its trust business in Guernsey, joining the company from Credit Suisse Trust.

Switzerland

Unigestion has strengthened the senior management of its hedge fund team with the appointment of Konstantinos Iordanidis as managing director and head of hedge funds.

Mr Iordanidis is a co-founder of ZI Investment - a global macro hedge fund in
Chicago - and former head of asset allocation at Julius Baer Asset Management in

Zurich from 2003 to 2005. He joins from Olympia Capital Management in

Paris where he has been co-chief investment officer since 2005.

Peter Eckert has been nominated as the new chairman of the board of directors of Zurich-based private bank Clariden Leu, starting on 1 January, 2009. Walter Berchtold, the current chairman, will become vice-chairman.

The chief executive of Adler & Co Privatebank,Peter Haber, has resigned to work as an independent manager, to be replaced by Urs Kaufmann with immediate effect, the bank said.

Also leaving the bank is Urs Uttinger, chief operating officer. He is leaving to pursue a new career, the bank added.

BCGE – the Cantonal Bank of

Geneva - has appointed Jean-Louis Platteau to its executive board. He will focus on asset management and on expanding the business in

Switzerland and internationally.

Mr Platteau will become head of a division comprising two business units. The first is BCGE Private Banking Switzerland, based in
Zurich and headed by Gilbert Pfaeffli, who oversees the activities of the branches in
Zurich,
Lausanne and Lugano as well as personal finance in

Geneva. The second is BCGE Private Banking Geneva, based at the bank’s headquarters and headed by Andrew Gilbert, who oversees the asset management business in
Geneva, continental
Europe and the Middle Eastern and Turkish markets. 

Julius Baer appointed Stephan Haeberle as its regional head of Central and Eastern Europe and parts of Africa, poaching the executive from LGT Bank in Liechtenstein.

Mr Haeberle will also be a member of Julius Baer’s executive board as of 1 March 2009. 

Investec Bank (Switzerland) has appointed Philipp Schmahl as a senior investment practitioner.  Based in Zurich, Mr Schmahl will develop the bank’s existing wealth management services in tandem with its London-based Private Bank and Investec Trust in Geneva.  He will report to Oliver Betz, head of Investec Bank (Switzerland).

Mr Schmahl joins Investec from Goldman Sachs, where he was an executive director in the investment management division, having joined the division in Frankfurt in 2001.