July witnessed the most dramatic move in the wealth management sector so far - the resignation of Barclays CEO Bob Diamond. Elsewhere, Europe had a relatively busy month, as did the UK and Asia, while Switzerland was quieter after a flurry earlier in the year.

United Kingdom

Bob Diamond resigned as chief executive of Barclays in the wake of a LIBOR-rigging scandal that rocked the financial industry.

Arbuthnot Latham & Co, the UK-based private bank, named Andy Mattocks as head of corporate development, effective immediately. Mattocks had been deputy head of global strategy and change within Royal Bank of Scotland’s wealth division, of which Coutts is the flagship brand.

BlackRock named Roland Arnold as co-manager of its UK Special Situations Fund. He joined the fund’s existing manager, Richard Plackett. The pair have actually been working together on the UK Special Situations Fund for the past two years and Arnold’s appointment as co-manager was a formal recognition of the current process.

London & Capital, the wealth management firm, appointed a new chief investment officer, Pau Morilla-Giner, taking over from Ashok Shah, who remained at the firm as an investment director. Morilla-Giner, had been at the firm for four years, originally holding the post of head of equities, commodities and alternative investments.

Charles Stanley & Co, a wholly-owned subsidiary of London-listed Charles Stanley Group, made four promotions - including two directors of private clients - to its board.

Hugo Akerman, director of private clients, manages portfolios for private clients, small charities and trusts. He joined the firm's asset management division in 2005.

Also director of private clients, Anthony Scott manages a team of six, looking after charities, private clients and the inheritance tax portfolio service. He joined the asset management team in 1999.

Meanwhile, Christopher Harris-Deans, Exeter branch director, joined Charles Stanley in 2007, when the regional office was acquired from the wealth and investment division of Barclays (Barclays Wealth at the time). In the Exeter office, which comprises 22 employees, he manages portfolios for charities and private clients.

Finally, James Stewart-Smith, director of intermediary sales, manages a team of four, providing discretionary portfolios for private clients, charities, trusts and pension schemes. He joined the firm in 2007, also from Barclays, based in the Guildford office.

RBC Wealth Management’s Ojan Jamkhou transferred from the firm’s Toronto office to serve in London as head of credit for its UK global trust and wealth management business. In Toronto, Jamkhou, who has 23 years of experience in the banking industry, was vice president of strategic initiatives.

Janus Capital International, the international arm of the New York-listed investment firm Janus Capital Group, named Matthew Nagele as head of the UK for the group’s European business. Nagele was latter managing director, distribution at Castle Trust, having previously held the same role at Old Mutual Asset Managers.

Speechly Bircham, the London-based law firm, appointed lawyer James Trafford as a partner at its private client unit. Trafford, who is the 18th member of Speechlys’ private client team, was latterly head of the private client team at Wilsons in Salisbury.

RSM Tenon, the UK-based accountancy and advisory firm, appointed Keith Speck as its new head of investment, replacing Adrian Gough, who has "decided to pursue a new industry challenge". Speck joined the firm in January 2011, having previously been head of multi-manager at Santander Asset Management.

UK-based Octopus Investments appointed Shay Ramalingam as an investment director within its specialist finance division - a role in which he will originate and complete investments, working across numerous sectors, including healthcare and business services. Prior to joining Octopus, Ramalingam was an investment director at Shore Capital, responsible for investment across the Puma Venture Capital Trusts.

HSBC Global Asset Management bolstered its global macro and investment strategy unit - which provides economic and strategic research support for the firm’s investment teams - with four new hires. The hires in London were Julien Seetharamdoo as senior economist and Rabia Bhopal as economist, investment strategist. Seetharamdoo was latterly an investment strategist focusing on bonds at Coutts Investment Services, while Bhopal joins from Standard & Poor’s, where she was an economist. Joining in Hong Kong were Herve Lievore as senior economist and Renee Chen as economist, investment strategist. Lievore was previously an economist/strategist at AXA Investment Managers, while Chen was latterly an economist at Macquarie Capital Securities.

Heartwood, the UK-based investment and wealth manager, appointed Sapna Kandukuri - latterly of Coutts - as marketing manager. While at Coutts Kandukuri was responsible for rolling out propositions for the firm’s entrepreneurial and female clients. In her prior career she has held roles at UBS, Standard Chartered and BNP Paribas.

Geneva-based Mirabaud Asset Management added three investment analysts to its team in London. The three new recruits were Victor Benavides, latterly a buy-side equity analyst specialising in Latin America at Amiral Gestion; Charles Walsh, formerly south Asian portfolio manager for Hermes’ global emerging markets equity portfolios; and Neville Shaw, who was previously an investment manager for EMEA equities at Baring Asset Management. The three have been appointed to support Daniel Tubbs in managing a new long-only UCITS emerging markets fund.

Coutts lured high-profile finance writer Paul Farrow from the world of journalism to take up the role of editor, products and services. Farrow was latterly personal finance editor at The Telegraph Media Group, a role in which he edited one of the UK’s biggest personal finance section including The Daily Telegraph’s Your Money supplement; The Sunday Telegraph’s Money section and the Telegraph Media Group’s Money website. 

RBC Wealth Management appointed Simon Smales and Sean Costello as directors within its London-based UK private client team. Costello joined from the wealth and investment management division of Barclays, where he was a vice president in the ultra high net worth and family office group working across London. Smales, meanwhile, latterly worked for HSBC Private Bank as a director responsible for a portfolio of UK private clients.

AXA Wealth brought in Ian Smith to lead the distribution strategy for the AXA Self Investor direct proposition. Smith was charged with developing the AXA Self Investor distribution strategy through advisor and other partner channels. Prior to joining AXA, Smith worked at business consultancy firm CTW, advising firms such as Virgin, Nike and Prudential.

JP Morgan saw the departure of managing director Richard Madeley from its UK private banking business. Madeley joined JP Morgan Private Bank from Ryes Capital, a specialist hedge fund risk management firm, in July 2005. Previously, he had headed up the UK private banking arm of UBS and prior to that been managing director of Deutsche Bank’s London private wealth management business.

Sal Oppenheim, part of Deutsche Bank, appointed Dr Carsten Schildknecht as chairman of its supervisory board. Dr Schildknecht, who was deputy chairman of the supervisory board, had been global chief operating officer for Deutsche Bank’s private wealth management business since September 2009.

Henning Heuerding, chief operating officer for Deutsche Bank’s Netherlands business, was named as Dr Schildknecht’s deputy. Heuerding had been a supervisory board member since 2010 and additionally chairs the credit and audit committee of Sal Oppenheim. The bank also appointed Carmen Herbstritt as a member of its supervisory board. She is chief financial officer for Germany at Deutsche Bank, responsible for Germany, Switzerland, Luxembourg, Austria, Hungary, the Czech Republic and Ukraine. These appointments follow that of Dr Martin Moryson as Sal Oppenheim’s new chief economist in June. He replaced Norbert Braems, who stepped down from the role.

Novia hired Scott Adams as regional sales manager for Scotland, part of moves by the wrap platform to double the headcount of its sales team to 20 over the coming months. Adams joins from Zurich, where he was an executive sales consultant for around 16 years.

London-based Momentum Global Investment Management, part of the South African insurance group Momentum, hired Kris Richmond as a hedge fund analyst. In his previous role at PAAMCO he covered long/short equity, event driven, volatility and convertible bond arbitrage strategies.

Investec Asset Management promoted Werner Gey van Pittius to the role of co-head of emerging markets debt. Van Pittius joined the asset manager as a graduate analyst in 2003 after a career as a professional rugby player. He will now share responsibility for the emerging markets debt team with the previous sole head, Peter Eerdmans.

Andrew Williamson-Jones was leading his job as fund manager at BlackRock in the UK. Williamson-Jones, who joined the asset management titan in 2003, had managed the firm's Global Equity Fund with £163 million ($252.7 million) in asset management since 2007. He will now hand it over to Richard Turnill, who has been co-manager of the fund for three years.

Baring Asset Management strengthened its Europe, Middle East and Africa equity team with the addition of senior investment manager Mike Levy. Levy was latterly an investment manager at AllianceBernstein.

Lyxor Asset Management appointed Tim Soetens as director of business development for the Netherlands. Soetens spent the last four years as sales director for business development covering the Benelux wholesale market at Schroders.

Bestinvest, the UK investment advisor and financial planning firm, saw the return of Jason Hollands, who left the business around a decade ago. Previously, he was head of communications and investor relations at UK-listed F&C Asset Management. Prior to that, he was director, head of communications and strategy, at ISIS Asset Management.

Brooks Macdonald Asset Management, a subsidiary of UK-listed wealth manager Brooks Macdonald, added three new investment management directors to its teams in London and Manchester. Richard Wayne-Wynne and Mark Godwin joined the London investment teams, while Ben Roberts joined the investment team in Manchester.

Bovill, the UK regulatory compliance advisory firm, boosted its team with three new hires. Russell Weekes and Judith Cromwell joined as consultants, while Edward O’Bree joined as an associate. Weekes was latterly a senior regulatory consultant at the risk consultancy Avantage Reply. , where he focused on global insurance and asset management clients. Cromwell spent the past three years as a senior associate at the Money Advice Service (a non-governmental organisation advising consumers), having previously worked at the FSA for almost five years, latterly as a senior associate in its financial capability unit. O'Bree, meanwhile, is a qualified barrister who was most recently a military legal advisor for the British Army.

Pioneer Investments named Neal Jenkins as head of sales for the Middle East, Central Asia and Africa. Jenkins joined from Janus Capital, where he had been based in London heading up its Middle East and Africa operations since 2008.

Credit Suisse made two new senior hires for its UK private banking business, naming Ken Chapman as a director in wealth planning and head of the wealth consulting team, and Vivienne Ng as a director and relationship manager. Chapman was latterly head of UK wealth structuring at Merrill Lynch. He took up this role in 2006, having previously been a director at UBS Wealth Management.

Jersey-based investment firm Ashburton appointed Nick Lee as director of portfolio management services, to succeed Dennis Phillips who is retiring later this month. Lee was previously director of investment and fund management at Ashburton. He first joined the firm in 1998.

Luxembourg-based Lombard International Assurance appointed Vincent Pinte as executive director for business development and marketing. Pinte joins from Cardif Lux Vie, where he had spent four years as director of international sales.

Schroders Property Investment Management appointed Tony Smedley to the newly-created role of head of pan-European fund management. Smedley was latterly head of European funds at Invista REIM – a role in which he developed and oversaw its €1.5 billion ($1.8 billion) pan-European investment business.

Hermes Fund Managers made five senior appointments as it entered the UK wholesale market. Rob Page, formerly of Ardevora Asset Management, was to join in in September as head of marketing and communications. During his 25-year career, Page has headed up marketing teams at Barings, New Star and Ignis Asset Management. Paul Voûte was charged with promoting the firm’s strategies across the Benelux region and other northern European markets. Voûte was previously an institutional senior sales representative at GE Asset Management, covering the UK and Benelux.  James Lucas was appointed to help grow Hermes’ footprint in the UK institutional market. He was latterly director of institutional business at Henderson Global Investors. Clive Selman joined from Man Group to drive Hermes' UK wholesale business.

UBS made a number of appointments at its investment products and services business for the UK and Jersey. In its IPS Banking Products - Mortgage Solutions arm, Ben Geldenhuis and David Knott joined as mortgage advisors. Michael Driscoll and Sutha Mohanadas joined as mortgage administrators. All report to Osman Rankin.

Meanwhile, as a result of the transfer of Kevin Baker to IPS Investment Management in Switzerland, Gareth Thomas was appointed head of IPS IM Program Management Office, responsible for UK equities stock selection. He reports to Paddy Lewis. Prior to joining UBS in 2008, Thomas was a portfolio manager at HSBC Global Asset Management where he focused on multi-asset class portfolios, and was also responsible for Investment Companies research. Faruque Ahmed joined IPS IM Product Lifecycle Management, reporting to Mark Liddington. Ahmed previously worked for Lloyds TSB, most recently working within their investment products team.

At IPS Jersey - Execution Services, Guy Newman rejoined the team in August, reporting to James Horton. He initially joined UBS Jersey in 1999, transferring later to the Execution Desk. In 2006, Guy moved to the IPS Advisory Solutions - Active Advisory team in London, before leaving the firm in 2008, later returning as a contractor. Within IPS Wealth Planning, Euan O'Neill joined the UBS group as maternity cover for Sarah Allatt; prior to joining UBS in Zurich in 2004, O’Neill worked for trustees in Jersey, Cayman and the British Virgin Islands. Another joiner was Julian Warden. Prior to this role, he worked for Coutts, Credit Suisse and Close Brothers.

Brewin Dolphin bolstered its Jersey-based discretionary portfolio management team with the appointment of Dennis Phillips as a divisional director. Phillips joined from Ashburton’s Jersey office, where he had been an investment director.

Hanover Search Financial Services appointed Barry Pendrill as a consultant working on the independent financial planning side of the business. Previously, Pendrill spent seven years at Hays Specialist Recruitment, and prior to that, Reed.

Ignis Asset Management named Jeremy Soutter - latterly of Aviva Investors - as global head of product development.

Sandy Flockhart retired from the board of HSBC Holdings, stepping down from his role as non-executive director, along with relinquishing his positions as chairman of HSBC Bank and director of HSBC Bank Middle East. Flockhart, who suffered from ill health, stepped down as an executive in April of this year after a 37-year career with HSBC. He was most recently chairman of the bank’s EMEA operations, having previously been chief executive of The Hongkong and Shanghai Banking Corporation up to 2009.

Nucleus, the Edinburgh-based IFA wrap platform, appointed Nick Whitfield as operational accountant, an move that followed that of Cara Gray as financial accountant at the start of the year. Whitfield previously worked for Royal Bank of Scotland.

BNY Mellon’s UK-based asset management firm Newton took on Jeremy Wells as a senior client director within its charities business, effective from September. Based in London, Wells looks after a number of the firm’s larger charity clients, reporting to Andrew Pitt, head of charities.

UK-based Jupiter Asset Management brought together its fixed interest and multi-asset teams under the leadership of Miles Geldard. Geldard had been with the firm since 2010 and manages the Jupiter Global Convertibles Sicav, the Jupiter Strategic Total Return Sicav and the Jupiter Strategic Reserve unit trust, supported by Lee Manzi and Joseph Chapman. John Hamilton, who headed fixed income at Jupiter since 1991, was to leave later in the year to scale down his activities.

Jersey-headquartered Fairbairn Private Bank added Lucy Connick to its private banking team, promoting her from its client services department. Connick, based on the Isle of Man, had been with Fairbairn since early 2008, having previously been a business specialist at HSBC International.

Kleinwort Benson appointed former Rothschild Wealth Management managing director Malcolm Roberts to the same post at its private wealth management business, taking up the role in October. Roberts reports to Stephen Rothwell, head of private wealth management.

Ludlow Wealth Management Group, which is headquartered in Southport in the northwest region of England, added Greg O’Brien to its team of financial consultants.

O’Brien joins from Preston-based Taylor Patterson, where he had been based in Preston for eight years.

Ingenious Asset Management, part of the UK-based investment and advisory group Ingenious, bolstered its team with two new senior hires. Joining as investment director was Wayne Ellis, while Mark Doidge was named business development manager. Ellis was previously director of private clients at Merchant Securities and Doidge was latterly regional sales manager for London and the Home Counties at Quilter.

Ogier, the offshore law and fiduciary services firm, appointed Tom Amy as managing director of Ogier Fiduciary Services in Guernsey. Amy, who has been with Ogier since 2010, moved from Ogier's Jersey office.

Three senior executives left Aberdeen Asset Management in a shake-up of the firm's fixed income capabilities. Kieron Nutbrown, head of global macro, Richard Dryer, head of global credit and Jon Cunliffe, head of global macro strategy, left the UK-based asset manager. The changes were a result of the firm's realignment of its global fixed income investment products and teams.

Pioneer Investments, part of Italy’s UniCredit, named Brian Clay as head of its UK wholesale business, a London-based role. Clay was latterly head of sales for intermediary wholesale and sub-advisory business at Janus Capital in London. Before this he was business development manager at Franklin Templeton Investments, also in London.

The Rose Partnership, the financial services executive search business, appointed Bill Yelverton as part of the expansion of its wealth management and private banking practice. Yelverton joined from Scorpio Partnership, the consultancy firm focused on the wealth management industry.  

Coutts continued a raft of recent senior hires with the appointment of former Barclays executive Jo Kaye as managing director, chief operating officer for products, services and marketing. Kaye was most recently global head of operational risk at the wealth and investment management division of Barclays, having previously been COO for its wealth advisory unit and chief of staff to the chief operating officer.

Fidelity Worldwide Investment appointed Alex Wright as the new manager of Fidelity Special Values, enabling its current manager - Sanjeev Shah - to focus solely on running the open-ended Fidelity Special Situations Fund.

Old Mutual Wealth Management appointed Jeremy Charles as chief operating officer - a role in which he is responsible for aligning the operations and technology functions across the wealth management businesses. In his new role, Charles (previously COO of Thames River Capital and Foreign & Colonial) reports to Paul Feeney, chief executive of OMWM. Feeney was named CEO in June.

Old Mutual Asset Managers said Simon Wilson left his post as sales and marketing director after eight years at the firm. Wilson joined Old Mutual in 2004 from Govett Investments, where he also led the firm’s marketing operations.

Lynsey Mitchell was appointed head of telephony sales for Abbey for Intermediaries and Cater Allen, part of Spanish giant Santander - a newly-created role. Mitchell was latterly a sales manager at Abbey for Intermediaries covering the north and Scotland. Before this she was head of sales at SPML.

SBKG, the Paris, Marseille and London-based law firm, added Caroline Couzineau to its tax department. Couzineau joined from Pierre & Vacances, where she was tax director.

Micky Morrissey, head of distribution at Liontrust Asset Management, left the firm.

BlackRock bolstered its real estate team with the addition of managing director Justin Brown. Brown’s is based in London, managing the firm’s £2.1 billion ($3.2 billion) BlackRock UK Property Fund alongside Marcus Sperber, head of the firm’s international real estate team. Brown was latterly an executive director within the global real estate team at UBS Global Asset Management.

AXA Wealth appointed Gary Stoker as regional development manager for the southwest region of the UK, recruiting him from Skandia. At Skandia, Stoker was executive business consultant responsible for platform sales, investments and Retail Distribution Review consultancy.

Cazenove Capital named Stephen Lucas as head of European sales, responsible for marketing the firm’s absolute return and long-only funds to private banks, family offices and institutional investors in its core European markets. Lucas was latterly a client director at GAM in London.

Ashcourt Rowan, the UK-listed wealth manager, named dedicated chief executives to take charge of its financial planning and asset management divisions. In newly-created roles, Chris Williams became CEO of Ashcourt Rowan Financial Planning while Christopher Jeffreys will took the same role at Ashcourt Rowan Asset Management.

Ignis Asset Management appointed Grant Hotson, who left Scottish Widows Investment Partnership, as chief financial officer, based in Glasgow. Hotson reports to chief operating officer Tim Roberts. Hotson joined Lloyds Banking Group in 2005 as head of finance business partnering for UK life and pensions - a role he held until 2007, when he became head of planning within its insurance division until 2010.

Jersey-based Affinity Private Wealth recruited Cait Perris as a senior trust manager and Sophie Leeuwenburg as trust officer. Perris latterly headed HSBC’s Middle East team, based in Bahrain, while Leeuwenburg joined from a Jersey-based independent trust company. Affinity was launched in the autumn of last year by David Stearn, Ben Stott, Justin Thomas, Russell Waite and Julia Warrander – who were all previously at Fairbairn Private Bank.

AEGON made three hires for its Retirement Choices platform. Andy Burns, regional developer manager, joins from AXA Wealth, while Kim Collins and Julia Dobell started as development managers from Cofunds and Ascentric respectively.

Investec Wealth & Investment appointed Caroline Jarvis - latterly of Kleinwort Benson - as client development director within its London-based charities division.

Bedrock, the London-headquartered private investment office, established an advisory board, appointing Henrique de Campos Meirelles - former president of the Central Bank of Brazil - to chair it. The board was set up to consult on macroeconomic issues, as well as business strategy for the firm.

London-based Sarasin & Partners, part of Switzerland's Bank Sarasin, promoted Oliver Bates, Nicholas Lambert and David Vickers to partner. Bates is primarily responsible for charity and pension fund portfolios, while Lambert manages private client and charity portfolios. Meanwhile Vickers, an institutional fund manager, is in charge of pension and insurance company segregated mandates, as well as co-managing the firm's multi-asset funds.

RBC Dexia Investor Services appointed Simon Hirtenstein as head of its portfolio solutions group within its Market Products & Services team. Reporting to Susan Pike, global head, Market Products & Services Hirtenstein is based in RBC Dexia’s London office. He is responsible for direct sales of Market Products and Services on a third party basis. Hirtenstein held senior leadership roles in Canada, the UK and Bermuda, including a position at HSBC Securities Services.

PSigma Investment Management appointed Nina Krishna to the newly-created role of chief operating officer. Krishna was formerly COO for global banking, markets and private banking for HSBC in Dubai, and she also previously spent 12 years at JP Morgan, holding a variety of roles on both the institutional and private client sides of the business.

Duncan Lawrie, the private bank, appointed its second regional director in as many weeks, giving Dina Henry responsibility for the southeast and Kent. Henry has been with Duncan Lawrie for 30 years, having started her career there in banking operations and foreign currency dealing.

Speechly Bircham appointed Rose Carey as head of its immigration practice as part the UK law firm's international offering. Carey had been a specialist immigration lawyer for 10 years and spent the last four years at Squire Sanders, a US-based law firm.

Morgan Stanley’s private wealth management business appointed Martin Ash as an investment advisor covering the UK. Ash joined from Alliance Bernstein Global Wealth Management in London, where he spent six years, most recently as a client relationship manager.

Scottish Widows Investment Partnership appointed Derek McKay as head of finance, replacing Grant Hotson, who left the firm. McKay started on 23 July, based in Edinburgh, reporting to Tony Owens, director of operations.   Before joining SWIP, McKay was head of management reporting and planning for the insurance division at Lloyds Banking Group.

AXA Wealth appointed Jo Vertigan to lead its digital strategy as it completes the transition away from its life company roots towards being what it calls a “more modern, digital, and customer-focused wealth management organisation.”

Vertigan formerly ran Sony’s Direct Ecommerce B2B and B2C businesses and he also served as head of digital for England 2018, England’s FIFA World Cup bid.

Signature, the specialist division of UK wealth manager Rowan Dartington, appointed Ryan Hughes as business development manager. Hughes joined from Pritchard, where he was sales and portfolio manager, responsible for driving new business and providing strategic investment advice.

Close Brothers Asset Management, part of London-listed banking and investment house Close Brothers, appointed Frankie Mendoza as head of product infrastructure and strategic relationships. Mendoza joined from Legal & General Assurance Society, where he worked for over 20 years.

Europe

Mercator Trust, the Guernsey-based fiduciary services firm, appointed Kyan Frith as associate director, heading the group’s finance, operations and IT facilities and other support roles. Frith had been working as a senior manager at Mercator Trust for five years.

Schroders appointed former Legal & General portfolio manager Patrick Vogel to the newly-created role of head of European and UK credit management and research.

He reports to Karl Dasher, global head of fixed income. Adam Cordery, former head of European and UK credit, left Schroders to pursue other opportunities.

Oppenheimer Europe, subsidiary of New York-listed Oppenheimer Holdings, opened a new branch in Jersey. The staff there include Simon Bakewell, who joined as managing director from Bridport, an asset manager also based in Jersey. He is joined by former employer in the shape of Gary Drakes and David Reid.

France's Rothschild & Cie Gestion, asset management arm of Rothschild & Cie Banque, brought in Thibaud de Vitry as a senior advisor to general manager and chief executive Jean-Louis Laurens. Prior to joining Rothschild & Cie Gestion, de Vitry served as global head of investment solutions at AXA Investment Managers.

Pavlos Bailas stepped down from his role as head of private wealth management for Europe, Middle East and Africa at Morgan Stanley to pursue personal interests outside of the firm. David Haythe, a long-standing Morgan Stanley employee and senior manger, assumed the role as interim head of PWM EMEA.

Aviva Investors appointed Liontrust's Gary West and James Inglis-Jones to manage 35 per cent of its £1 billion (about $1.5 billion) European manager of managers funds range, previously run by Mirabaud. The pair - who run Liontrust’s European Growth, European Absolute Return and European Absolute Alpha funds - work alongside existing manager Lazard, which will run the remaining 65 per cent.

LGT, the Liechtenstein-based private banking group, opened a second Austrian branch in Salzburg, adding to its existing office in the capital, Vienna. The new branch will eventually be home to ten employees.

Deutsche Bank's global transaction banking division announced a raft of appointments in its trust and securities services and cash management for financial institutions business. The German lender has appointed four TSS/CMFI region heads who will be responsible for strengthening local relationships. Gary Vaughan assumed the new role of region head for the Americas.

Citi Private Bank recently appointed Pierre de Wolff as an associate vice president of the bank’s Zurich-based foreign exchange team, reporting to Attila Oezel. Previously, de Wolff worked at BNP FX Bank Sales.

Carey Olsen, the Channel Island law firm, promoted Oliver Quarmby and John Le Tissier to be senior associates in its London office and Guernsey property team respectively. Quarmby was previously an associate within the Guernsey corporate and finance group, while Le Tissier was a member of the firm’s property team for 30 years, according to a statement.

Liechtensteinische Landesbank appointed Dr Gabriel Brenna as head of its private banking division and as a member of the group executive management, rounding out a series of changes. Dr Brenna was previously a partner at the management consulting firm McKinsey & Company.

International

Law firm Withers promoted five partners within its international wealth planning and family teams. Joining the international wealth planning team in London was Tim George - who advises high net worth individuals on tax, trusts and estate planning - while Michael Parets and Aaron Schumacher became partners in Zurich and Geneva respectively. Joining the family team were Stacey Devoy in London and Hong Kong-based Rita Ku. Ku became a partner in Hong Kong pending regulatory approval. Ku represents husbands and wives in disputes concerning divorce, children and ancillary relief. She also deals with complex financial and multi-jurisdictional cases. Overall, Devoy has 15 years of experience as a commercial litigator in family law work.

Michael Mount left his role as managing director of South East Asia at HSBC Private Bank. His future career plans were unknown. Mount held various roles at HSBC since 1997, when he held the post of head of Europe at HSBC Republic. Previously, he worked at the international private banking arm of Crédit Lyonnais for just over four years. He began his banking career at Barclays’ international private banking business.

Conyers Dill & Pearman promoted three lawyers to partner/director status. Karen Corless and Jason Piney of Conyers’ Bermuda corporate and private client teams were promoted to director and Bernadette Chen of Conyers’ Hong Kong corporate team moved up to partner.

Offshore law and fiduciary services firm Ogier appointed a new group chief operating officer and a new finance director as part of changes to its Jersey-based management team. Aaron Le Cornu was appointed as group COO, replacing Helen Bunbury, who returned to her native Dublin. Le Cornu is responsible for the financial and operational effectiveness of the overall Ogier Group.

Bermuda-headquartered Butterfield named Barclay Simmons as vice chairman, replacing Robert Steinhoff, who retired. Since April 2011, Simmons has served on the bank’s board as a non-executive director and a member of both the risk policy and compliance, and compensation and human resources committees.

Middle East

LGT, the Liechtenstein-based private banking group, appointed Tamer Rashad, the former head of Merrill Lynch’s wealth management business in the Middle East, as chief executive of its new subsidiary in Dubai. Rashad had been managing director and head of Merrill’s Middle East wealth management business since August of 2010, having previously been based in New York as head of global relationship intelligence within the global wealth management division.

Latin America

Lloyds TSB Private Banking appointed Jorge Kalledey as head of its high net worth Latin America business - a newly-created role. Based in Miami, Florida, Kalledey retained responsibility for teams across Geneva, Miami and Montevideo, reporting to HNW director Martin Fricker.

Asia-Pacific

Legal & General Investment Management, the UK-based insurance and investment firm, named Alan Flynn and Richard Surrency as heads of its new branch in Hong Kong. Flynn moved from Mercer where he worked as director for North Asia, while Surrency left his job as head of regional transitional management for equities at Morgan Stanley in March. The new office is set to open in August.

North America

TAG Associates, a New York City-based multi-client family office, appointed Jonathan Bergman as managing director. Bergman serves as portfolio manager to client accounts and conducts investment manager diligence. He will also join the investment committee, reporting to chief executive David Basner.

Bergman was latterly chief investment officer at Palisades Hudson Financial Group, where he has spent the last 15 years and oversaw the strategy and management of client investment portfolios and chaired the investment committee.

HoyleCohen, a San Diego-based SEC-registered investment advisor, expanded its women’s practice and promoted Elisabeth Cullington, who co-founded the women’s group, to managing director across the firm.

Janet Acheatel was appointed as co-leader of the women’s practice, and comes on as a full-time member of the advisory team. Acheatel used to work at Brandes Investment Partners before going into semi-retirement, during which time she also worked as an independent contractor for HoyleCohen, helping to launch the women’s practice.

In addition to her new role as managing director of the firm, Cullington will continue to lead the practice along with Acheatel.

HoyleCohen also brought in financial advisor Bridget Grimes from Morgan Stanley Smith Barney.

BNP Paribas subsidiary Bank of the West made changes to its management team, appointing president and chief operating officer Maura Markus as manager of its regional banking and wealth management business.

Markus joined the bank in 2010 from Citibank, where she was head of international retail banking in the global consumer group. In addition to her new role, she will manage marketing and the “increasingly important area of multi-channel banking,” Bank of the West said.

In other changes, Thibault Fulconis, the bank’s vice chairman for finance and chief financial officer of its holding company, BancWest Corporation, will become vice chairman for commercial banking and consumer finance. He will maintain responsibility for corporate development.

Meanwhile, Duke Dayal will take over as CFO of the holding company, and was promoted to senior executive vice president. Markus, Fulconis and Dayal will report to Michael Shepherd, chairman and chief executive of Bank of the West and BancWest Corporation.

Wells Fargo hired Rich Baich as chief information security officer - a role in which he will oversee the firm’s security vision, strategy and programs designed to secure customer and company information.

Baich will join in late summer from Deloitte and Touche, where he led the global cyber threat and vulnerability management practice.

Baich has also worked in numerous executive security positions within the public and private sectors, including at Pricewaterhouse Coopers, ChoicePoint, and the Federal Bureau of Investigation. Additionally, he served in the US Navy for 20 years as an information warfare officer, cryptology officer, and surface warfare officer.

New York-listed BlackRock added Fabrizio Freda and Jessica Einhorn to its board of directors, effective immediately and as of October respectively.

Freda is president and chief executive of the Estée Lauder companies, and Einhorn previously worked at the World Bank for 20 years, concluding her time there as managing director.

Einhorn’s former roles also include positions at the US Treasury, the US State Department and the International Development Cooperation Agency of the US. She has also been a director of Time Warner, and also serves as a director of the Peterson Institute for International Economics and the National Bureau of Economic Research.

Flemington, NJ-based Insight Financial Services appointed Steven Druckman as a wealth advisor within its new Somerville, NJ, office - a role in which he will develop and implement advanced planning strategies for clients.

Druckman began his financial services career in 2005 at Prosperian Wealth Management, developing and implementing financial and estate planning strategies for clients.

New York-listed Northern Trust added Timothy Mertz as a senior private banker and relationship manager within its Washington DC office.

At Northern Trust, Mertz will lead the banking team which provides clients with deposit and credit solutions, as well as commercial credit.

Before joining Northern Trust, Mertz spent three years as a wealth management team leader for PNC Bank in Bethesda, MD. He also served in managerial and banking roles at BNY Mellon and Bank of America for over two decades.

Minneapolis–based White Oaks Wealth Advisors appointed Nick Chimerakis as senior planning and tax advisor.

In his new role, Chimerakis will advise family office clients, as well as overseeing the family office accounting functions. For the past six years he has worked at Deloitte, focusing on tax compliance and planning.

Union Bank named its executive vice president and head of wealth markets, Dennis Mooradian, as president and chief executive of HighMark Capital Management, the bank’s asset management subsidiary.

Mooradian, whose new role is effective from August 1, replaces current president and CEO Earle Malm. Malm joined HighMark in 2002 and is now retiring, but will stay on in an advisory capacity until September.

As well as president and CEO, Mooradian will also serve as chairman of HighMark’s board of directors.

New York's BNY Mellon further reinforced its wealth management business, adding a trio of wealth professionals to its Chicago, IL, office.

Julie Pully, Catherine Schulze and Lee Woolley bring BNY Mellon’s total number of staff in Chicago to 19, up from 12 a year ago when the wealth manager acquired the asset management business of Chicago-based Talon Asset Management.

“We intend to sustain that robust growth by adding two more positions in the coming months,” said regional president Michael DiMedio.

In her new role, Pully, who for the past eight years managed $700 million in assets as a senior portfolio manager at Northern Trust, works with clients on their wealth and investment planning strategies.

Meanwhile Schulze, a private banking specialist, serves high net worth clients, a role which also involves helping the firm expand its banking business throughout greater Chicago. Schulze is latterly of BMO Harris Bank in Barrington, IL, where she served for 18 years, most recently as vice president and senior private banker within the private client group.

Woolley also joins from Northern Trust, having worked there for the last 20 years, most recently as a managing director, leading the national advisory services group. At BNY Mellon, he works alongside DiMedio on sales and marketing efforts throughout the region.

Alison Carnwath resigned from her role on the board of Barclays, the UK-listed bank, citing personal reasons.

Carnwath was a non-executive director and head of the remuneration committee, as well as sitting on the nominations committee.

Dynasty Financial Partners, the US wealth management firm, took on industry veteran John Sullivan as senior vice president of RIA and transition services, based between Chicago, IL, and New York.

Sullivan is a veteran of Morgan Stanley Smith Barney/Citigroup, where he spent over 20 years in high net worth wealth management roles. Most recently, he was director of wealth planning centres - a national role geared toward helping financial advisors meet their clients' needs.

At Dynasty, he is responsible for supporting divisions focused on the transition of new advisor teams, as well as ongoing practice development with existing network firms.

Minneapolis-headquartered US Bank appointed Gailyn Johnson as chief operating officer for US Bank Wealth Management.

Johnson was most recently a senior managing director at Wells Fargo Advisor's direct financial solutions business, responsible for multi-channel investment services for mass affluent customers. She was with Wells Fargo for 23 years, based in San Francisco. During her time there she was also COO for Wells Fargo Wealth Management, leading a number of initiatives such as internet access to accounts.

Going forward, she will lead technology, operations and corporate shared services across all wealth management business lines at US Bank, reporting to Mark Jordahl, president of the wealth management business. She also joins the wealth management executive committee.

BNY Mellon appointed Preston Came as senior director within its Naples, FL, wealth management office - a role in which he will work closely with portfolio managers and wealth strategists to serve high net worth clients in the region.

Came reports to managing director Paul Dresselhaus. The firm said he has over 15 years of experience in private law and wealth management, serving entrepreneurs and executives, as well as foundations, trusts and multiple generations of HNW families.

Philadelphia-based Janney Montgomery Scott brought in Christopher Willett - a producer with over $200 million in client assets - as executive vice president of investments in its Atlanta, GA, branch.

Willett joined Janney from Morgan Keegan, where he was a managing director for the last six years. Overall he has been in the industry for over 30 years, and brought with him a team of account executives - Patricia Fleury, Steve Edwards and Geoffrey Deller. They joined the office managed by Jeff Paulsen.

Birmingham, AL-based law firm Christian & Small took on Thomas Krebs, who was most recently senior counsel to the House Financial Services Committee, as a partner to lead and expand its securities practice group.

Before working as senior counsel to the House Financial Services Committee in Washington, DC, Krebs served as assistant director and deputy general counsel of the Financial Crisis Inquiry Commission, where he spearheaded a number of the investigations arising out of the financial crisis.

Capital Guardian brought in two new teams to its independent channel from Woodbury Services, after hiring a new director for the channel from Woodbury in June. Ed Kirkland and Dianne Odom both joined Capital Guardian.

Cedar Brook Financial Partners brought in Jennifer Falb as chief experience officer - a newly-created role in which she will ensure that all aspects of the client experience is of the highest standards, as well as boosting the employee experience.

Falb joined from Cornerstone Capital Advisors, a Uniontown, OH-based personal financial planning and wealth management firm.

Wells Fargo added five advisor teams to its independent retail brokerage arm in June, boosting the business in New York, New Jersey, Florida, California and Connecticut. The teams manage $1.3 billion in client assets collectively.

In Melville, NY, Steven Dichter and Philip Pappas, who previously worked for Morgan Stanley Smith Barney, set up their own practice, the Dichter Pappas Wealth Management Group, affiliated with Wells Fargo Advisors Financial Network (FiNet). The group manages $204 million in client assets and generated $1.2 million in annual revenue last year.

In Florham Park, NJ, Jack Wiener and David Hammer set up Florham Park Wealth Advisors, an independent firm affiliated with FiNet. Wiener was previously an advisor at RBC Wealth Management, while Hammer was with Oppenheimer & Co. The New Jersey practice has $1 million in production and $175 million in assets under management.

In Punta Gorda, FL, advisors Michael Landsberg, Lew Bennett and Anthony Dubbaneh make up Landsberg Bennett Private Wealth Management, a practice with $4.2 million in production and $493 million in assets under management. The team latterly worked at Merrill Lynch.

In Pasadena, CA, Floe Financial Partners joined FiNet. The team is comprised of Robert Floe, Kenneth Sanchez, Lee Wolfe, and Marjan Neyestani-Khazra, who came from LPL. The practice has $3 million in production and $382 million in assets under management.

In Middletown, CT, Middlesex Wealth Management Group affiliated with Wells Fargo. The group, made up of Jim Venditti and Jamie Oliver, was previously with CCO Investment Services. It has $1.2 million in production and $109 million in assets under management.

Lloyds TSB Private Banking appointed Jorge Kalledey as head of its high net worth Latin America business - a newly-created role in which he will shape and drive the bank's strategy in what it believes is an important market.

Based in Miami, FL, Kalledey will retain responsibility for teams across Geneva, Miami and Montevideo, reporting to HNW director Martin Fricker.

Capital Guardian brought in industry veteran Luis Alegre - latterly a vice president at AllianceBernstein - as managing director of international investments in Downtown Miami.

At AllianceBernstein, Alegre managed $330 million of assets for affluent domestic and international individuals, as well as global institutions. He also developed its small- and mid-size domestic and international banking business.

Alegre is multilingual and has been a senior executive in the financial service and telecommunication industries for 26 years.

Dallas, TX-based Tolleson Private Wealth Management, an independently-owned affiliate of Tolleson Wealth Management which serves ultra high net worth families, promoted its managing director, Richard Joyner, to president.

Joyner has over 25 years of experience in advising UHNW families. Prior to joining Tolleson, he was a tax partner and director at Ernst & Young in Dallas. Additionally, he served as a member of the Investment Management Consultants Association’s board of directors for nine years, and continues as a member of its wealth management committee.

New York-listed Blackstone, an alternative asset management and advisory business, appointed Joe Baratta as head of global private equity, based in New York.

Baratta currently heads the firm’s private equity team in Europe and is a member of the executive committee. In his new role - effective from September - he will also join the management committee. He joined Blackstone’s private equity business in 1998, moving to London in 2001 to help open its office there and establish its European private equity business.

Citadel Investment Group appointed John Rustum as a managing director to lead its Americas distribution effort.

Rustum - latterly a marketing executive at DE Shaw Group - will focus on distribution of Citadel's Kensington and Wellington funds as part of his overall responsibility for Citadel Asset Management's funds.

Morgan Stanley Smith Barney strengthened its advisor workforce across the US, adding former Bank of America Merrill Lynch and UBS Wealth Management Americas broker teams who previously managed over $4 billion in client assets.

Advisors James Harris and Pam Ashley joined MSSB’s Charlotte, NC, office from Merrill Lynch. Harris worked at the firm for over four decades, managing some $3 billion in client assets with Ashley.

Also latterly of Merrill are Brent Henry, Dustin Colebank and Mike Hudson, who joined the Rogers, AR, office of MSSB, reporting to manager John Terry. At Merrill they managed $230 million in client assets.

Advisors Javier Vargas and Ramon Perez joined the Houston, TX, MSSB office. At UBS, the pair managed $300 million in client assets.

Meanwhile Sheldon Hechtman and Ellen Klersfeld - who previously managed $211 million in client assets - joined the Boca Raton, FL, branch. They report to manager Michael Higgins.

Additionally, advisor Blane Hammer joined the Wayzata, MN, office. He previously managed $120 million in client assets and now reports to branch manager Peter Keller.

M&I Wealth Management, part of BMO Financial Group, took on Chad Cassinelli as senior vice president and managing director.

Cassinelli is responsible for the management and direction of the team in the areas of private banking, investment management, financial advisors, personal trust and estate settlement services. The firm said he has 15 years of private banking and management experience.

TrustedFamily appointed Wendy Craft, who sits on Family Office Exchange’s advisory board, as head of the Americas office in New York, responsible for driving growth across North America.

Craft previously worked as vice president and general counsel for the Shepperd family, an international investment family based in Zurich, Switzerland. In that role she led a New York office for the family.

Chicago's HighTower brought in the Lerner Group - managing over $600 million for high net worth clients from Morgan Stanley Smith Barney - to lead the firm’s expansion in Chicago's North Shore.

Eugene Lerner, Walter Gondeck and Mingdong Tan joined as managing directors and partners, with over 60 years of combined experience.

Tan was latterly a vice president of wealth management at MSSB, having worked at Morgan Stanley from 2002 until 2008. At HighTower, he is responsible for executing all of the Lerner Group's equity trades.

Deutsche Bank Private Wealth Management made two senior hires from Citi Private Bank for its US private bank in Miami.

Carlos Arrizurieta joined as a managing director and private banker. He previously worked at Citi, where he was a managing director and senior private banker. His experience covers investment management, asset allocation, capital markets, trust and estate planning, structured finance and liquidity management. Prior to Citi, he worked at Bank of America and Northern Trust.

At Deutsche he reports to Chip Packard, managing director and head of Deutsche Bank’s US private bank, eastern region.

The second hire was of Rachel Garcia, as vice president and private banker. She was latterly a vice president at Citi Private Bank.

Nasdaq-listed Northern Trust appointed Carl Tannenbaum as its chief economist, succeeding Paul Kasriel, who retired earlier this year.

As head of the firm's global economic research function, Tannenbaum will monitor global economic and political developments, forecast major economic indicators and report his observations to colleagues and clients. He reports to chief credit officer Mark Van Grinsven.

Since 2008, Tannenbaum had served as senior vice president and head of the risk division at the Federal Reserve Bank of Chicago. There, he managed a team diagnosing financial risk, its implication on the broader economy, and policy choices to address it. He also served as head of the risk group in Washington, DC, for one year.

San Mateo, CA-based Franklin Templeton Investments appointed Andrew Ashton and Dennis Rothe to new roles overseeing consultant/gatekeeper relations and investment research for its international and North America advisory divisions respectively.

Ashton, head of the international consultant and research group, will focus on the firm’s global consulting partners and financial institutions outside of North America, working with Franklin Templeton distribution teams internationally. He will work closely with Rothe, head of the North American consultant and research group.  

Rothe was appointed to an expanded role overseeing consultant relations and investment research for broker-dealers, retirement platforms and insurance companies across North America. He reports to Peter Jones, president of Franklin Templeton Distributors and Franklin Templeton Institutional.

John Hancock Funds, the Boston-based mutual fund business unit of John Hancock Financial, appointed Andrew Arnott as president and chief executive, succeeding Keith Hartstein, who announced in May that he planned to retire from John Hancock in September after 22 years with the firm.

Meanwhile, succeeding Arnott as head of John Hancock Investment Management Services is Leo Zerilli, vice president. Zerilli is responsible for all internal and third-party asset manager relationships across the John Hancock and Manulife investment platforms in the US and Asia, as well as guiding the investment product development, product management and market research strategies for IMS. He joined John Hancock in 1997. He most recently served as executive vice president of John Hancock IMS.

New York’s BNY Mellon hired Thomas Fay to head its regional wealth management office in Providence, RI, and join a senior management team focused on expanding business throughout New England.

Fay reports to New England regional president Vicary Graham, overseeing a team of wealth professionals concerned with business development, portfolio management, private banking and client service for high net worth investors in southeast New England.

Prior to joining BNY Mellon, he spent three years at Citizens Bank as head of private bank and trust, and chief investment officer.

Separately, the firm appointed Dan Gosselin as chief executive of BNY Trust Company of Canada and head of its corporate trust business in Canada.

Based in Toronto, ON, he reports to Sonia Chaliha, head of client and business development for Latin America and Canada for BNY Mellon Corporate Trust.

Prior to joining BNY Mellon, Gosselin was as an advisor to the president of the private client division at Mackie Research Capital.

American International Group elected Morris Offit as a director until the 2013 annual shareholders meeting, as well as chairman of the board’s finance and risk management committee.

Offit is currently chairman of Offit Capital, a wealth management advisory firm, and was co-chief executive of Offit Hall Capital Management from 2002 to 2007. He was also the founder and former CEO of OFFITBANK, a private bank, between 1990 and 2001. Offit previously served as an AIG director from 2005 until his retirement from the board in 2012.

The fee-based advisory network United Capital Financial Advisers bolstered its management team with the addition of three industry veterans.

Sheri Smith joined as vice president of sales and lead generation, while Jim Zahradnick and Brian Church start as director of recruiting and director of East Coast recruiting respectively.

The firm said the trio will help “solidify” its multi-million dollar commitment made at the start of 2012 to help its offices grow organically, as well as via recruitment.

Smith is responsible for creating marketing programs, designed to generate qualified leads, prospecting tools, as well as client conversion and retention systems. She has previously worked at Householder Group Financial Advisors, Charles Schwab Advisor Services and New York Life.

Zahradnick latterly spent 24 years at Raymond James Financial Services. At United Capital, he will be based in Parker, CO, working to attract independent advisors and advisory firms to United.

Meanwhile, joining Zahradnick in the advisor recruitment effort is Church, based in Nashville, TS. Church previously worked at AXA Advisors as divisional vice president. There, he also led sales, recruiting and distribution for operations in Tennessee.

Nasdaq-listed Northern Trust named Laura Mandel as president of the Northern Trust Company of Delaware, succeeding Daniel Lindley, who in May was appointed managing director of the firm’s global family and private investment offices group for the EMEA and APAC regions.

Mandel, who starts her new role immediately, will relocate from Chicago to Wilmington. She has 25 years of experience in trust and investment management for high net worth individuals and families and now leads the regional bank's overall strategy, as well as helping clients make use of the wealth transfer advantages afforded by Delaware trust law.

Previously, Mandel served as a senior fiduciary relationship manager at Northern Trust and has been with the bank for over 12 years.

Sandy Flockhart retired from the board of HSBC Holdings, stepping down from his role as non-executive director, along with relinquishing his positions as chairman of HSBC Bank and director of HSBC Bank Middle East.

Flockhart, who is suffering from ill health, stepped down as an executive in April of this year after a 37-year career with HSBC. He was most recently chairman of the bank’s EMEA operations, having previously been chief executive of The Hongkong and Shanghai Banking Corporation up to 2009.

An announcement naming his successor will be issued in due course, a spokesperson for the bank told this publication.

The registered investment advisory firm Concert Wealth Management brought in four veteran advisors managing some $100 million in client assets.

Scott Christie and John Aitchison joined Concert Wealth from The Planning Group, a Scottsdale, AZ, wealth management firm. The pair are joined by portfolio analyst Ryan Jennings and client relations assistant James Filtz. The team is based in the firm's Scottsdale branch.

The firm also reportedly added three brokers from Bank of America Merrill Lynch, as well as one each from Morgan Stanley Smith Barney and UBS Wealth Management.

Glenmede, the privately-held investment and wealth management firm, took on Lawrence Hatch as the new director of the firm’s Cleveland, OH, office.

The office’s former director, Frank Harding, will focus solely on clients in a senior advisory role.

Hatch joins from the Private Trust Company, where he worked as president, secretary and chief fiduciary officer. In that function, he oversaw the firm’s operations, trust and tax accounting, regulatory compliance and finances, and was directly responsible for the management of all client service, trust administration and investment monitoring. He was also the firm's in-house legal counsel.

In his new job, he will oversee wealth advisory services for high net worth individuals and manage the day-to-day operations of Glenmede's Ohio office. He will lead a team of 20 people and supervise the office’s 184 relationships.

Kansas-based Mariner Wealth Advisors, an independent advisory firm, expanded its wealth advisory team by acquiring a majority interest in the wealth management division of Omaha, NE-based Orizon Investment Counsel.

As part of the acquisition, Orizon’s name will change to Mariner Wealth Advisors, with its systems fully integrated into Mariner’s as soon as is practical.

Lightyear Capital, a New York-based private equity firm, hired Jerry Miller - who was formerly at Morgan Stanley Global Wealth Management - as a senior advisor, as the company targets the wealth management sector.

Miller joined from Van Kampen Investments, where he served as chief executive. Before leading Van Kampen, he was a division director at Morgan Stanley’s global wealth management group and a member of its executive and operating committees. Before Morgan Stanley, Miller was at Merrill Lynch with multiple leadership roles in its investment and wealth management businesses.

San Francisco’s First Republic Bank brought in Samir Kaji and John Cummings for its Sand Hill Road office in Menlo Park, CA, and downtown Los Angeles office respectively.

Kaji, who has 13 years of banking experience, works with venture capital and private equity clients in Silicon Valley. He previously worked at Silicon Valley Bank.

Minneapolis, MN-based US Bank appointed a regional managing director and a senior portfolio manager within Ascent Private Capital Management and the Private Client Reserve - the bank's ultra high and high net worth units respectively.

Joining Ascent - which caters for clients with at least $25 million in assets - is regional managing director Chuck Stutenroth, who is tasked with launching an office in Cincinnati, OH, this summer.

Stutenroth will lead a team of nine, providing UHNW clients with investment management, private banking, wealth impact planning and financial administration in the Cincinnati area.

Meanwhile, senior portfolio manager Jeff Krumpelman reportedly joined the bank's Private Client Reserve, which targets clients with over $1 million in investible assets.

The Securities and Exchange Commission appointed Norm Champ as director of its investment management division, overseeing the regulation of a multi-trillion dollar industry in the US.

Champ succeeds Eileen Rominger, who is retiring. She took up the role in February 2011, after 11 years at Goldman Sachs Asset Management.

Champ currently serves as deputy director for the Office of Compliance Inspections and Examinations (OCIE). At the OCIE, he also sits on the executive and operating committees. He previously served as acting head of the broker/dealer, investment advisor/investment company and credit rating agency exam programs, as well as acting chief counsel.

Champ joined the SEC in January 2010 as associate regional director for investment advisor/investment company examinations at the New York office, becoming deputy director of the OCIE in June 2010.

Eaton Vance Investment Counsel, a subsidiary of New York-listed Eaton Vance, appointed William Gillen as vice president of business development.

Gillen will be responsible for enhancing its presence “in the marketplace and overall marketing efforts,” as well as managing select client relationships, reporting to David McCabe, president of EVIC.

Gillen has spent the past 23 years with Eaton Vance Distributors, another subsidiary of Eaton Vance, responsible for the distribution of the firm's mutual funds, separately-managed accounts and alternative investments.