Here is the roundup of moves in the wealth management industry during November.

International

Northern Trust, the Chicago-headquartered banking group, hired Edwin Parker to boost its alternative fund administration team to work across the UK, Ireland, Luxembourg and the Channel Islands. Parker joined Northern Trust earlier in November from Butterfield Fulcrum, where he was managing director.

Goldman Sachs Asset Management named Sheila Patel as head of its international business, spanning Europe, the Middle East, Africa and Asia-Pacific, but excluding Japan - a newly created role. Patel was latterly co-chief executive of Goldman Sachs Asset Management International, responsible for Europe, the Middle East and Africa, and in her Singapore-based expanded role continues to focus on distribution-related activities in EMEA.

Trust Corporation of the Channel Islands strengthened its senior management team with the promotion of Andréa Daley Taylor and Mark Coffell to the post of assistant director. Daley Taylor is responsible for the operational and investment processes for a number of family offices based in Europe and the US. Coffell manages a range of client relationships and has responsibility for much of the internal compliance and staff management function.

Bermuda-headquartered Bank of NT Butterfield & Son appointed John Wright as chairman of the board of directors of its wholly-owned subsidiary, Butterfield Bank (UK). Also, Nigel Buchanan, an existing non-executive director at Butterfield Bank (UK), has been appointed chairman of the audit, risk policy and compliance committee.

Wright has experience in UK and international markets, including assignments in India, Sri Lanka, West Africa, Canada, Hong Kong and the US. He was formerly chief executive of Oman International Bank for seven years, CEO of the Northern and National Irish Banks in Ireland for five years, CEO of the Gulf Bank in Kuwait and finally CEO of Clydesdale & Yorkshire Banks prior to retirement. He has served as a non-executive director on the Butterfield Group Board and the UK Board since 2002.

Buchanan served as a senior client partner of PricewaterhouseCoopers until 2001, having joined the firm in 1968 and being named a partner in 1978. He led PwC’s financial services practice across Europe for ten years. He joined the board of Leopold Joseph Holdings PLC in 2001 before its acquisition by Butterfield in 2004.

Bob Doll, who left his post as BlackRock's chief equity strategist in June, joined Chicago-based Nuveen Asset Management as chief equity strategist and senior portfolio manager. Doll was latterly BlackRock's chief equity strategist for fundamental equities. He also served as head of the US large-cap equity team, with primary portfolio management responsibility for those strategies.

Allianz Investments appointed Ilya Mozgovoy as deputy chief executive and head of asset management in Russia, Investment Europe reports. Mozgovoy oversees asset management for private, corporate and institutional clients, as well as mutual funds. He has been at the firm since 2005, latterly as a senior portfolio manager.

UBS Global Asset Management strengthened its UK wholesale team with the addition of Ryan Rajkumar - latterly of BNY Mellon Asset Management - as sales director. Based in London, Rajkumar oversees the group's strategic partners, reporting to head of UK wholesale Steve Hutton. He left his former role at BNY Mellon Asset Management in May, having served as head of investment solutions since June 2010.

Sanlam Global Investment Solutions, part of South Africa’s Sanlam Group, named John Croft as head of the UK and Europe for its Bermuda-based investment firm P2International. Croft was latterly a sales director at Co-operative Asset Management. In his prior career he worked for M&G, Deutsche Asset Management and HSBC Global Asset Managers.

United Kingdom Foresight Group, the UK boutique which focuses on environmental, infrastructure and private equity investments, named Nick Morgan as sales director. Morgan is charged with developing Foresight’s links with IFAs, and to up its profile as a provider of tax-efficient investment products related to the renewable energy sector, like solar power production. Morgan joined from Octopus Investments, where he had been fundraising for venture capital trusts, enterprise investment schemes and business property relief products for five years.

BNP Paribas Wealth Management rehired a former employee as its new chief executive for its onshore India business. Samir Bimal joined BNP Paribas Wealth Management India as managing director and CEO of BNP Paribas Investment Services India Private, which is the BNP Paribas Wealth Management entity in India. He is also the global head of India onshore business at the French bank.

Offshore law firm Carey Olsen appointed Sarah Wallis as a senior associate within its 14-strong property team in Guernsey. Wallis joined from Guernsey-based AFR Advocates.

Europe

Butterfield Bank today appointed Alpa Bhakta to the newly created role of head of European lending, having been a year at the firm. In the post, she is responsible for leading the London and Guernsey lending team. Bhakta joined Butterfield Private Bank (London) in October 2011 as head of property finance with over 20 years experience in the banking industry, and was responsible for growing Butterfield Private Bank’s lending business through a focus on high-value residential properties.

Barclays appointed Simon Phillips as head of captive insurance in its wealth and investment management division. Based in Jersey, Phillips works with the current multi-jurisdictional team to widen the captive insurance proposition to reflect changes in the sector as well as developing the firm’s franchise in locations including Guernsey, the Isle of Man, Gibraltar, Malta, Bermuda, the Caribbean and onshore US. Phillips has extensive experience in the captive insurance and institutional sectors spanning 23 years in London, Jersey and the Isle of Man as a relationship manager and sector leader.

Russia’s MDM Bank bolstered its private banking division with two senior hires. Sergey Borovikov was appointed as vice president and head of the private bank directorate, while Ineta Done will head the private banking activities of MDM's Stolitsa Territorial Bank. Borovikov was latterly head of the high net worth clients department at Sberbank, developing the "Sberbank One" private banking service during his three-year tenure. Before this he was vice president and head of the VIP client department at Alfa-Bank.

Lombard Odier appointed private banker Stéphane Ulcakar as senior vice president in its Moscow representative office. Ulcakar was latterly a principal at Boston Consulting Group, working there since 2010, having previously worked for the consultancies Bain & Co and Corporate Value Associates for three and nine years respectively.

Bernard Armstrong, who had been head of family offices for Europe at Credit Suisse, left the Zurich-listed bank amid a reorganisation of how the firm operates its ultra high net worth business. Holding the post with the title of managing director since September 2010, Armstrong’s future plans were unclear.

Liechtenstein-based VP Bank Group expanded its executive board at its Vaduz head office at the beginning of 2013, promoting Martin Engler, head of private banking for Liechtenstein, and Günther Kaufmann, head of intermediaries and transaction banking, to the board.

Palamon Capital Partners, the UK-based independent private equity partnership, appointed John David as managing director of investment strategy within its pan-European team. Based in London, the role of the pan-European team is to advance the firm's thematic investment model, which identifies and partners high-growth service businesses across the continent. David joined Palamon from Allstate Investments, where he was latterly global strategist and head of the London office.

Credit Suisse named Paolo Mancini as head of its Italian high net worth business. Based in Milan, Mancini will oversee a team serving clients with €250 million ($199 million) to €300 million in assets. Mancini has been with the Swiss banking giant since 2000, most recently serving as managing director and head of debt capital market for southern Europe.

Italy's Banca Monte Paschi di Siena named Francesco Fanti as head of private banking, amid a wide-reaching shake-up of the bank’s governance structure. Fanti, who latterly oversaw the bank’s operations in central and southern Italy, was charged specifically with consolidating and relaunching MPS’ private banking activities.

Middle East and Africa

Qatar's QInvest appointed its deputy chief executive, Tamim Hamad Al-Kawari, as its new chief executive, following the resignation of former CEO Shahzad Shahbaz. Prior to joining QInvest, Al-Kawari was managing director and country head for Qatar at Goldman Sachs.

Societe Generale Private Banking made four senior appointments in a bid to strengthen the commercial structure it has developed to serve wealthy clients in the Middle East and Africa. Eddy Abramo was appointed global market manager for clients in the Middle East - a role in which he will lead and coordinate the firm's commercial teams in Dubai, Abu Dhabi, Geneva, London, Luxembourg and Monaco.

Abramo joined SGPB in Paris as a discretionary portfolio manager in 1997 and was named chief executive of Societe Generale Private Banking Middle East in 2009. He retains this position alongside his new role. Meanwhile, Jean-Paul Rame became global market manager for Africa - a segment with "significant growth potential", the firm said. He retained his existing role as manager of the African desk for Societe Generale Private Banking Switzerland.

Switzerland

Banking software firm the Avaloq Group appointed Martin Frick to the newly-created post of head of business process outsourcing. In this role, Frick is responsible for the development and implementation of Avaloq’s international BPO strategy.

Before joining Avaloq, Frick worked as chief operations officer continental Europe for business processing and procurement firm Xchanging in Frankfurt. Prior to that, he was chief investment officer of Avis Europe in the UK, where he was in charge of the IT and back-office divisions; before that he was CIO of the Winterthur Insurance Group.

The deputy chief executive of EFG International, Lukas Ruflin, decided to take a long-planned sabbatical and will step down from this role, which will not be replaced as part of a move to contain costs. He continued as an advisor and remains on the board of EFG Financial Products.

Mirabaud Asset Management, part of Geneva-based Mirabaud & Cie, appointed Andrew Lake to the role of global high yield manager, as the firm looks to develop its range of funds. Lake reportx to Lionel Aeschlimann, partner and head of asset management at Mirabaud, and will manage global high yield solutions for Mirabaud clients. Lake was latterly at Aviva investors, where he spent two years heading up the high yield business in London. Before that, he was at F&C Asset Management for four years, having begun his high yield career at Merrill Lynch Investment Managers in 1998.

North America

Prospera
Financial Services, an independent broker-dealer, brought in two
advisors in Westchester, PA, and Plymouth, MA, adding over $56 million
in assets under management.

Tom Ambrose of Ambrose Wealth Management has over 32 years of
experience and was formerly with Ameriprise. Meanwhile, Hilary O’Malley -
latterly of Wells Fargo Advisors - joins Plymouth Rock Financial
Partners and has been advising clients for over 19 years.

Eric Johnson of CNB Bank was promoted to assistant vice president for wealth and asset management.

Johnson joined CNB Bank as a member of the management training
program in 2004 and afterwards obtained a position within the bank’s
wealth and asset management services division as a trust administrator.
In 2010, he was promoted to trust officer.

Merrill Lynch brought in 10 advisors from Morgan Stanley, UBS and
Wells Fargo, representing some $1.07 billion in assets and $7.7 million
in production.

Joining from UBS in Louisville, KY, the team of Charles Mercer,
Marguerite Rowland and Dowell Ryan has around $265.3 million in assets
and $2.4 million in production.

Meanwhile, a host of advisors joined from Morgan Stanley:

 •In Mill Valley, CA, Jeffrey Wells represents around $264 million in assets and $1.5 million in production.

 •In Greenwich, CT, Keith Ward represents around $136.3 million in assets and $1.58 million in production.

 •In Washington, DC, John Forster represents around $110.2 million in assets and $500,000 in production.

 •In Red Bank, NJ, Raymond Abbate represents around $102 million in
assets and $408,000 in production, and Bob Reinert and Craig Reinert
together represent some $92 million in assets and $526,000 in
production.

Lastly, Merrill Lynch hired Terry Schurman from Wells Fargo. He is
based in Ponte Vedra, FL, and represents around $101.9 million in assets
and $813,000 in production.

Neuberger Berman, the private investment manager, appointed Brian
Layton to lead its wealth management operations in Boston. He replaced
Chris Biotti who left Neuberger Berman earlier in the year for US Trust.

Layton, who joined as a senior vice president, previously worked at
Bernstein Global Wealth Management, part of AllianceBernstein, as a
senior private client wealth advisor.

At Neuberger, he reports to Terry Riordan, Chicago-based regional director of Neuberger Berman Wealth Management.

Sacramento, CA-based River City Bank added a wealth management veteran to its board of directors.

Lon Burford is a founding partner of the wealth management firm
Genovese Burford & Brothers, which was set up in 1987, and in which
River City bought a 20 per cent stake in July.

Boston Private Bank & Trust Company named Michael Cohen as senior
vice president and director of operations, charged with ensuring that
all operational components are running efficiently across the bank.

Cohen was latterly vice president of loan operations at Blue Hills
Bank. Before that, he served as vice president of credit operations at
Rockland Trust. He previously held similar roles at Citizens Bank and
State Street Bank.

Raymond James recruited John Dorsey as senior vice president of
investments and branch manager at its new Huntington, West VA, office of
Raymond James & Associates, a broker-dealer subsidiary of New
York-listed Raymond James Financial.

Joining Dorsey as senior client service associate in the Huntington
branch from Morgan Stanley Wealth Management is Angela Watson.

Wells Fargo added a retired partner of PricewaterhouseCoopers to its
board, due to start at the beginning of next year and join the audit and
examination committee.

Howard Richardson was at PwC for over three decades in a range of
leadership, audit and business advisory positions. He brings the number
of directors on Wells Fargo's board to 16.

Toronto-based Sprott Asset Management hired Jason Mayer as a
portfolio manager, focused on the firm's tax-efficient flow-through
product offerings. Mayer will join Paul Wong in co-managing Sprott
Resource Class, a tax-advantaged mutual fund that serves as the
roll-over vehicle for the firm's flow-through offerings. He joined from
Middlefield Capital Corporation, where he was lead portfolio manager on a
number of investment funds.

Bob Doll, who left his post as BlackRock's chief equity strategist in
June, joined Chicago-based Nuveen Asset Management as chief equity
strategist and senior portfolio manager.

Doll was latterly BlackRock's chief equity strategist for fundamental
equities. He also served as head of the US large-cap equity team, with
primary portfolio management responsibility for those strategies. He now
reports to Nuveen Asset Management's head of equities, David Chalupnik.

Doll remains at BlackRock in an advisory capacity throughout the remainder of 2012.

Snowden Capital Advisors, a dual listed RIA and broker-dealer, added two teams from Merrill Lynch.

The DiCiaccio and LaMothe-Gonzalez teams manage some $500 million in
client assets and are founding a West Coast branch office for Snowden in
Pasadena, CA.

Joining Snowden as partners are: John DiCiaccio, managing director of
the DiCiaccio team; Leah Thomson Snell, vice president of the DiCiaccio
team; and Jon LaMothe and Luis Gonzalez, both managing directors of the
LaMothe-Gonzalez team.

Behringer Harvard, a firm that creates alternative investment
programs for institutional and individual investors, brought in Brad
Watt as executive vice president – net lease investments.

Watt, who has been in the real estate investment industry for 25
years, will create and distribute a series of 1031 Delaware Statutory
Trust and other real estate wealth management programs focused on fixed
income and tax efficiency. The net lease investment platform will focus
on single-tenant assets leased to investment grade tenants on long-term
double net and triple net leases.

UBS Global Asset Management appointed Thomas Wels as head of its global real estate business.

Having worked for the firm since 2005, Wels was latterly chief
operating officer, prior to which he was responsible for expanding the
company’s global fund services business. In his new role he will be
mainly based in Zurich, but will spend time in all the major asset
management offices.

Meanwhile, UBS said farewell to Wels’ predecessor Paul Marcuse who has been head of global real estate since 2007.

The Private Client Reserve, a unit of Minneapolis, MN-based US Bank, appointed three senior vice presidents in Florida.

Gwendolyn Boykin, a senior vice president and senior trust officer,
joined the office in Palm Beach. She will collaborate with high net
worth individuals, families and charitable organizations to provide them
with trust and estate administration services.

Also in Palm Beach, Nicholas Pollard was named senior vice president
and banking manager. Pollard will provide specialized lending services
and oversee the day-to-day management of financial activities for HNW
clients.

Lastly, Jack Randall will serve as a senior vice president and wealth
management advisor in Naples, where he will develop and implement
customized investment strategies and plans for HNW individuals and
families.

Morgan Stanley appointed John Campbell as director of the Greater New
Jersey region, based in the Short Hills wealth management office.

Campbell will oversee offices throughout the state and in sections of
Pennsylvania. He previously held the roles of financial advisor/branch
manager in Melville, NY, and San Francisco, CA, as well as district
manager in New York City and head of business development in Purchase,
NY.

BlackRock took on UBS's Lawrence Kemp as a managing director and head
of its fundamental large-cap growth team, effective December 10.

Kemp was latterly head of US large-cap growth equity at UBS and at
BlackRock replaces Jeffrey Lindsey, who the firm confirmed is leaving in
February after 10 years. Lindsey will work with Kemp on transitioning
the portfolios until his departure.

Based in New York, Kemp will oversee the $4.9 billion BlackRock
Capital Appreciation Fund, the $73 million BlackRock Focus Growth Fund
and Fundamental Large Cap Growth portfolios, including sub-advised and
institutional portfolios, as of January 1. He will report to Chris
Leavy, who took over the responsibility for BlackRock's large-cap
portfolios from Robert Doll.

Boyden, the US executive search firm, added Andrew Reese as a
managing director at its New York office. Reese will play a key role in
recruiting C-level and senior executives within the financial services
industry, including companies specializing in wealth management, asset
management and private equity.

Kensington Capital Partners, the Canadian investment firm that
specializes in alternative assets, appointed Eamonn McConnell and John
Walker as managing directors.

McConnell will have lead responsibility for the Kensington Hedge Fund, while Walker runs the firm's infrastructure business.

McConnell has worked for numerous international institutions
including Barclays Global Investors, Deutsche Bank and Merrill Lynch, as
well as at smaller entrepreneurial firms.

UBS Wealth Management Americas reinforced its broker force in Ohio
with a team of advisors from Bank of America's Merrill Lynch.

Advisor Robert Anning, along with his son John Anning and Tollie
Chavis, previously served as senior vice presidents. Based in
Cincinnati, they managed over $1 billion in client assets and last year
produced more than $3 million in annual revenue. According to regulatory
filings, Robert Anning was at Merrill for over 40 years.

BlackRock appointed Russ Koesterich, global investment strategist for
its iShares business, to the newly-created position of group chief
investment strategist.

Reporting to Ken Kroner, global head of multi-asset strategies,
Koesterich will communicate the firm's investment strategy and
perspective on the markets and economy to investors and financial
advisors, while continuing in his iShares role, which he has held since
2010.

His tenure with BlackRock dates back to 2005, including his years
with Barclays Global Investors, which BlackRock acquired in 2009. At
BGI, Koesterich was the global head of investment strategy for active
equities and a senior portfolio manager within the US market neutral
group.

JP Morgan named Marianne Lake, currently chief financial officer of
its consumer and community banking business, as CFO for the entire US
banking group, effective from early in 2013.

She will succeed Doug Braunstein, who will become vice chairman of the company following Lake's move into the CFO position.

Before Lake took on her current role, she served as global controller of the investment bank from 2007 to 2009. 

In his new job, Braunstein “will focus on serving top clients of the
firm,” JP Morgan said. Prior to taking on the CFO role in June 2010, he
served as head of investment banking Americas from 2008, and, prior to
that, he held several other senior investment banking positions,
including head of investment banking coverage and mergers and
acquisitions.

New York-listed First Republic Bank took on Barbara Palmer as
regional managing director at the Portland, OR, office, which provides
lending, wealth management and trust services to individuals,
businesses, foundations and non-profits.

Before joining First Republic, Palmer was a senior vice president and
market executive for US Trust, Bank of America Private Wealth
Management in Portland. She worked at BofA for 35 years.

InvesTrust, a national trust bank that serves individuals and
institutions, appointed Mark Williams as chief investment officer.
Williams joined InvesTrust from Bank of Oklahoma, where he oversaw
accounts with around $2 billion in assets. 

Baird strengthened its Portland, ME, wealth management office, adding
Baron Becker as a vice president and financial advisor along with
registered client relationship associate Kim Fickett.

Becker was previously a vice president and financial advisor at
Morgan Stanley Smith Barney (now Morgan Stanley Wealth Management) since
1999. He started his career in 1991 as a principal trader at Murphy
& Durieu and then moved to Paine Webber as a principal trader and
investment executive.

New York-listed Manning & Napier brought in Robert Zak as an
independent board director and appointed him to serve on the nominating
and corporate governance, compensation, and audit committees.

Since 1995, Zak has served as president and chief executive at
Merchants Insurance Group, a privately-held insurance company. Prior to
entering the insurance industry in 1985, he had a career in public
accounting.  

Los Angeles-headquartered Aspiriant appointed its New York-based
director of wealth management, Lisa Colletti, as a principal of the
firm.

Colletti has served as wealth management director in New York since
joining the firm last year. She has 13 years of industry experience
including in tax and estate planning.

Wells Fargo Advisors, Wells Fargo’s broker-dealer arm, appointed
David Kowach as president of its Private Client Group, the brokerage’s
largest channel. Kowach replaced Jim Hays, who is now the head of Wealth
Brokerage Services.

Kowach will report to Danny Ludeman, president and chief executive of
Wells Fargo Advisors. Kowach previously led the firm’s business
development group.

BNY Mellon Wealth Management promoted Garrett Alton to a
newly-created position overseeing the firm's sales teams in Pennsylvania
and Washington and leading each region's business development efforts.

Alton will relocate from Atlanta, GA, to Philadelphia, PA, reporting
to Mid-Atlantic regional president David Kutch and Central US regional
president Andy Paterson.

Canada's RBC Wealth Management appointed Ayesha Yasin as an advisor
in Washington, DC. Yasin joined from Morgan Stanley Wealth Management,
with $116 million in assets under management and $972,000 in
production. 

Goldman Sachs completed its latest round of partner appointments, adding 70 individuals to its exclusive roster.

The following individuals will become partners of the firm as of January 1, 2013:

Vivek Bantwal

Pat Fels

John Mallory

Michael Ronen

Heather Bellini

Pete Finn

Joseph Mauro

Jami Rubin

Brian Bolster

David Fishman

Charles McGarraugh

Yann Samuelides

Jill Borst

Sheara Fredman

Xavier Menguy

Joshua Schiffrin

Michael Brandmeyer

Jacques Gabillon

Amol Naik

David Schwimmer

Jason Brauth

Francesco Garzarelli

Jo Natauri

Gaurav Seth

Stuart Cash

Nick Giovanni

Una Neary

Michael Siegel

Alex Chi

Brad Gross

Gregory Olafson

Michael Smith (Singapore)

Kent Clark

Anthony Gutman

Lisa Opoku

Josh Struzziery 

Richard Cormack

Leland Hensch

Gerald Ouderkirk

Damian Sutcliffe

Jack Daly

Russell Horwitz

Francesco Pascuzzi

Michael Swell

Anne Marie Darling

Roy Joseph

Anthony Pasquariello

Ryan Thall

David Dase

John Kim (Seoul)

Huw Pill

Bobby Vedral

Olaf Diaz-Pintado

Marie Louise Kirk

Dmitri Potishko

Simon Watson

Robert Drake-Brockman

Hugh Lawson

Sean Rice

Toby Watson

Alessandro Dusi

Scott Lebovitz

Francois Rigou

Yoshihiko Yano

Edward Emerson

Ericka Leslie

Scott Rofey  

Antonio Esteves

Luca Lombardi

Jeroen Rombouts

BMO Private Bank hired Michael Arbet as vice president and director
of investments, focused on the wealth management needs of clients
throughout Southwest Wisconsin.

Withers Bergman, the international law firm, appointed Reaz Jafri and
Theda Fisher to spearhead a new US immigration practice for wealthy
individuals and families. Jafri and Fisher both join the firm from
Abrams Fensterman and will be based in the firm’s New York office.

Atlantic Trust, the private wealth management arm of New York-listed
Invesco, appointed Luke Davis as a vice president and relationship
manager in New York.

Prior to joining Atlantic Trust, Davis was a vice president and
client advisor at Bernstein Global Wealth Management, where he advised
high net worth families, foundations and family offices.

Glenmede, the privately-held investment and wealth management firm,
took on Timothy Fisk as a vice president and wealth advisor in
Philadelphia, PA.

Fisk joined from Merrill Lynch, where he served as vice president and
trust specialist within the wealth structuring group. In that role, he
was responsible for fiduciary business development efforts across four
states in the Midwest/Southeast. 

In a separate move, Glenmede named Jeffrey Coron director of
institutional and intermediary distribution for Glenmede Investment
Management. He will report to Sally Wirts, chief administrative officer
of GIM.

Raymond James took on Karl Rothermund as senior vice president of
investments in the Scottsdale, AZ, office of Raymond James &
Associates, a broker-dealer subsidiary of New York-listed Raymond James
Financial.

Rothermund joins Raymond James from Morgan Stanley Smith Barney (now
Morgan Stanley Wealth Management), where he managed $80 million in
client assets and had about $1 million in production. He has 35 years of
experience in the financial services industry and is joined by his son,
Ryan Rothermund, associate vice president of investments, and
registered service associate Susan Dover - with whom he has partnered
for over nine years.

RBC Wealth Management appointed Harold Langer of the Langer O’Neill
Investment group as a senior vice president and financial advisor at the
Tucson, AZ, office.

Langer - latterly a senior vice president at Merrill Lynch - has 30
years of industry experience and $180 million in assets under
administration, with production of $1.2 million.

UBS Wealth Management Americas bolstered its Northbrook, IL, advisor
force with the addition of Thomas Temple from Bank of America's Merrill
Lynch.

At Merrill - where he worked for over 25 years - Temple managed about
$240 million in client assets, with annual revenue production of
approximately $1.2 million.

New York-listed Westwood Holdings Group hired Mark Wallace as chief
financial officer, succeeding Bill Hardcastle, who will focus on the
growth of the firm's domestic and international fund business.

Wallace previously served as CFO, among other financial leadership
positions, for an S&P 500 real estate investment trust. Hardcastle,
who was Westwood's CFO for seven years, will also provide leadership in
other corporate development and strategic initiatives.

Industry veteran Mark Elston and his three-strong team joined Reno,
NV-based Legacy Wealth Planning, a group of independent financial
advisors that are affiliated with broker-dealer LPL Financial.

He and his new team plan to maintain over $185 million in client
assets as they move to an independent business model, via which they
will manage the assets of about 1,100 clients throughout the Reno-Sparks
area.

Standard Chartered's chairman for the Americas, David Stileman,
retired on November 16 after 29 years at the bank. He will not be
replaced. 

Stileman became chairman for the Americas in June 2011, having
previously served as chief executive of the bank's Americas business
since late 2007. In this role he was succeeded by Julio Rojas in New
York.

Minneapolis, MN-based US Bank hired Lisa Simonson and Kato Wade as
director of financial administration and director of private client
experience, respectively, for Ascent Private Capital Management, the
firm's wealth management unit that caters for clients with at least $25
million in assets.

In a separate move, the bank also named Jorgen Gustafson as vice
president and senior portfolio manager at the Private Client Reserve - a
role in which he will provide clients with integrated and customized
investment services. 

RBC Wealth Management International, a division serving high net
worth clients in Latin America, the Caribbean and the US, hired Nicolas
Seigal as branch director in Miami.

Seigal was formerly associate director of Merrill Lynch’s Miami
complex and has been in the industry 18 years, having also worked in
Uruguay with Merrill Lynch and BankBoston.

At RBC, he takes on responsibility for 13 advisors in the Miami
office and a further eight in New York until a branch manager can be
found for that office. He reports to Ricardo Morean, director of
international advisory.

UBS Wealth Management Americas bolstered its broker force in
Aventura, FL, bringing in a team of advisors from Morgan Stanley Wealth
Management.

Advisors Michael Bulhack, Mario Ponczek and Douglas Ponczek
previously managed $423 million in client assets and generated $1.6
million in annual revenue.

HSBC announced new chief executives for its operations in Canada, Australia and the Philippines.

The changes come as, after more than 25 years with HSBC Group,
Lindsay Gordon will retire as president and CEO of HSBC Bank Canada and
chairperson of HSBC Global Asset Management (Canada), effective January
5, 2013.

Gordon will be appointed to the board of directors of HSBC France, subject to required approvals.

Paulo Maia, who will succeed Gordon on January 7 next year, is
currently CEO of HSBC Bank Australia, a position he has held since July
2009. Maia held a variety of senior positions with HSBC Bank Brazil
including executive director of each of the bank’s main business lines,
and then deputy CEO. Maia joined HSBC in 1993.

In turn, Maia will be succeeded in Sydney by Tony Cripps on December
24, 2012, who returns to Australia with more than 25 years of experience
working with HSBC globally.

Nasdaq-listed First PacTrust Bancorp, the holding company for Pacific
Trust Bank and Beach Business Bank, added a number of senior staff to
its financial team.

Ronald Nicolas took over as executive vice president and chief
financial officer of First PacTrust on November 5, after a period of
acting as a consultant to the firm. He replaced Marangal Domingo, who
resigned following the filing of the firm’s Q2 results. 

Meanwhile, Lonny Robinson joined as executive vice president and
chief financial officer of Pacific Trust Bank. Previously, Domingo was
CFO of both First PacTrust and Pacific Trust – a role which has now been
split. Robinson was latterly CFO of Hamni Financial Corporation, a
publicly-traded bank holding company, and its subsidiary Hamni Bank.

Finally, the firm appointed Craig Naselow as executive vice
president, treasurer and chief investment officer of First PacTrust and
PacTrust Bank. He was previously senior vice president, treasurer and
investment executive at Aris Development Company.

New York-headquartered Goldman Sachs appointed Mark Tucker as an independent director.

Tucker's appointment expands the board to 12 directors, 10 of whom
are independent. He will serve as a member of the firm's audit, risk,
compensation and corporate governance and nominating committees.

Tucker is also group CEO and president of AIA Group, an independent
pan-Asian life insurance group. Between 2005 and 2009 he served as group
CEO of Prudential.

Barclays appointed 18 investment representatives in eight offices
across the US for its wealth and investment management division,
signalling a major push by the UK-listed bank into the country’s wealth
management market.

The appointments are as follows:

New York

Tom Dexter joined Barclays as a director from Bank of America Merrill
Lynch, where he served high net worth individuals, corporate
executives, partnerships, and foundations. Prior to joining Bank of
America Merrill Lynch in 2008, Dexter spent four years at Lehman
Brothers as an investment representative.

Brett Fleckman joined as a director from JP Morgan Private Bank,
where he focused on customized financial solutions for high net worth
individuals. Prior to that role, Fleckman was the New York branch
manager for the private client business at Thomas Weisel Partners, and
previously a financial advisor at Alliance Bernstein.

Mark O'Shea joined as an assistant vice president from Morgan Stanley
Wealth Management, where he advised high net worth individuals and
families as part of the Moldaver 80 Group. Prior to joining Morgan
Stanley, O’Shea worked on the trading floor of the New York Stock
Exchange managing the daily order flow for several investment banks and
hedge funds.

Lastly, Edward Moldaver joined as a managing director from Morgan
Stanley Wealth Management. Previously, he was a senior managing director
at Bear Stearns’ private wealth client services group.

Los Angeles

Jonathan Bates joined Barclays as a director from JP Morgan, where he
specialized in municipal bonds, working with high net worth individuals
and middle market institutions.

San Francisco

Hugh Beecher joined Barclays as a director from Credit Suisse’s
private banking division, where he served high net worth individuals and
families.

Boston

Patrick Delahunty joined Barclays as a director from JP Morgan
Private Bank where, as a senior private banker, he focused on advising
high net worth individuals, families, business owners, institutions and
endowments and foundations to provide customized solutions for their
wealth management needs.

Timothy King joined Barclays as a director from JP Morgan Private
Bank, where he worked as an investment team leader, with high net worth
individuals, families, public and private institutions, corporate
executives, and business owners.

Tim Humphrey joined Barclays as an assistant vice president from JP Morgan Private Bank, which he joined in 2008.

Lastly, Brian Kelly was appointed as an assistant vice president. He
joins from JP Morgan Private Bank, where he had worked since 2007 as an
investment associate.

Dallas

Noble Nash joined Barclays as a director from Credit Suisse’s private
banking division where he served high net worth families and
institutions since 2000.

Mike Whorton joined Barclays as a director from Credit Suisse’s private banking division which he joined in 2000.

Chris Boley joined Barclays as a vice president from Credit Suisse’s
private banking division, where he worked with business owners,
executives and foundations.

Atlanta

Scott Macolino joined Barclays as a director from SunTrust Investment
Services where, as a private wealth advisor, he served ultra high net
worth individuals, corporate executives and professional investors.

Miami

Carlos Gallo joined Barclays as a director from UBS Financial
Services, where as a senior vice president within the international
division, he served high net worth individuals and families in Peru,
Mexico and Venezuela.

Irl Solomon joined Barclays as a director from Morgan Stanley Wealth
Management, where as an executive director he served high net worth
individuals, family offices and institutions.

Jeannie Adams-Camblin joined Barclays as a vice president from UBS
Financial Services. At UBS, Adams-Camblin was a vice president within
the international division serving high net worth individuals and
families.

Palm Beach

Clark Appleby joined Barclays as an assistant vice president from
Morgan Stanley Wealth Management. At his predecessor firm, he assisted
high net worth individuals and families with their wealth management
goals.

Brighton, MI-based Pinnacle Wealth Management, a privately-owned
financial planning practice, brought in Nadine Burns as director of
business development.

Rasco Klock, the Coral Gables, FL-based law firm, appointed Craig
Linder as special counsel, with responsibility for the securities law
practice.

Linder rejoins former colleagues/senior lawyers Joe Klock, Janet
Munn, Gabe Nieto, J C Antorcha, Jack Shawde and John Eaton, working
within the corporate, securities and finance practice.

Deutsche Bank appointed senior manager Jacques Brand as its chief
executive for North America, joining the Frankfurt-listed bank’s group
executive committee. He took over from Seth Waugh, who as announced in
February this year is stepping down after a decade in the post.

Brand has been at Germany’s largest bank since 1999, joining in New
York. Most recently, he has been the global head of investment banking
coverage and advisory in its corporate banking and securities division.

As part of the change, Waugh will join Deutsche Bank’s Americas
advisory board and become a senior advisor to the bank and its clients.

Meanwhile, Deutsche Bank also announced that it has appointed Bill
Woodley as deputy CEO of North America, a newly created position.
Woodley joined the bank in 1998 and is also global chief operating
officer of the regional management division. 

BNY Mellon made two senior hires for its wealth management office in
Atlanta, adding a senior private banker and sales director.

Jonathan Blackwood, senior private banker, will manage BNY Mellon
Wealth Management’s private banking activities in Georgia, reporting to
regional private banking director Lisa Simington. David Noosinow, senior
sales director, will work on business development throughout Georgia,
as well as Lexington, Louisville and Kentucky, reporting to the regional
sales manager of the Mid-Altlantic and Central, Garrett Alton.

Blackwood joined NY Mellon from Wells Fargo, where he worked for over
20 years, most recently as a senior vice president and senior private
banker for the company’s Atlanta private bank.

United Kingdom

UK-based Sesame Bankhall Group, the network support service
for financial advisors, appointed Diana Miller as an independent, non-executive
director. With 30 years’ experience in the financial services industry, Miller
held a number of risk, compliance and legal positions. She was latterly group
risk and compliance director at Legal & General, where she worked for 22
years.

Scottish Widows Investment Partnership appointed Michaela
Rayner and Martin Orrin as investment sales directors in its UK wholesale
team. Rayner is responsible for increasing SWIP's share of the intermediary and
discretionary fund management markets in the North of England while Orrin will
focus on the south-west of England
and the Midlands. Both report to Martyn Gilbey
head of wholesale. Rayner joined SWIP from AXA Investment Managers where she
was a discretionary sales manager.

Liontrust appointed Michael Mabbutt as head of its
newly-formed global credit division. The firm will launch a Dublin-based global
strategic bond fund in the new year, subject to appropriate regulatory
approvals. Mabbutt joined from Thames River Capital where he is currently a
consulting partner.

Kevin Parry was due to leave as Schroders' chief financial
officer and director on 5 May 2013, succeeded by Richard Keers. Keers was at
the time of the announcement a partner at PricewaterhouseCoopers and was PwC's
global relationship partner for Schroders between 2006 and 2010.

Geoffrey Clarkson, group director at Tenet Group, was due to
leave in early 2013 to pursue other ambitions. Clarkson, a regulatory lawyer,
joined the group in 2000 when he moved across as part of the acquisition of IFA
Professional, a support services proposition which he developed whilst a
partner for Bond Pearce.

Verbatim Asset Management, the financial planning arm of
UK-based SimplyBiz Group, added WAY Fund Managers' chief executive Peter Smith
to its investment committee. Smith, a director of Verbatim Discretionary
Managers, is a full member of the committee. He reports into the committee for
Verbatim Discretionary Service, providing insight into discretionary fund
managers including their capabilities and how they might be used by IFAs.

UK
investment manager Quilter made three new appointments to its in-house research
team. Anubhav Rastogi and Amish Patel joined as equity research analysts while
Nick Wood joins as a collectives research analyst.

Charles Gothard of Speechly Bircham was to leave in the
spring of 2013 to rejoin Macfarlanes as a partner. Gothard trained and
qualified at Macfarlanes, the international law firm, but left to join
Speechlys in 2005.

David Gurr, head of UK financial intermediaries at
Deutsche Bank Private Wealth Management, retired. Gurr, who was appointed
managing head of financial intermediaries in 2006, was replaced by Miles
Robinson, head of Deutsche's Birmingham
office.

Grant Peterkin, senior portfolio manager at Ignis Asset
Management, left the firm to move abroad. Peterkin, who joined the firm in
April 2011, co-managed the Ignis Absolute Return Government Bond fund with
three others: Russ Oxley, head of rates; Stuart Thomson, chief economist; and
Adam Purzitsky.

Signia Wealth hired Rupert Robinson, former chief executive
of Schroders UK Private Bank. Robinson is based in the group’s London office, where he heads the firm’s
wealth management activities.

Standard Chartered Private Bank appointed Scott Le Flour as
a senior associate director in Jersey,
recruiting him from Coutts. Le Flour was named as an associate director for
Coutts in the Channel Islands at the start of
August.

Leo Fund Managers, the London-based hedge fund and private
equity group, appointed Ben Davis as head of sales and investor relations. Davis joined from
StormHarbour Alternative Investments where he was partner and head of investor
relations.

Boost ETP, the newly-launched UK exchange-traded products
provider, appointed Richard Kent as head of product operations and Jose Poncela
as senior in-house legal counsel. Kent was latterly a director in the
equity and fund-linked derivatives team at UBS Investment Bank, having
previously worked at Barclays Capital. Poncela, meanwhile, served as in-house
counsel at Spain’s
La Caixa, as a vice president within Nomura’s corporate equity derivatives
structuring group and as a structurer in the fund-linked derivatives and equity
capital market/corporate equity derivatives team at UBS.

Brown Advisory, the US investment house, added Keryn
Brock to its London-based fund sales team. She joined from BNY Mellon Wealth
Management in Boston,
where she was an advisor to US-based high net worth families, charities,
endowments and foundations.

HedgeStart, a London-based consultancy working in the alternative
investments space, appointed Laurence Parry, a former UK government
revenue specialist and experienced accountant to work in its private client tax
practice.  Parry was named as a partner.
Previously, he was a specialist anti-avoidance advisor with HM Revenue &
Customs for three years.

Bruce Ely-Johnston, founder of London & Capital’s
advisor solutions business, has resurfaced at Sanlam Private Investments as
head of business development.

ETF Securities appointed Melanie Svalander as director of
communications in London.
She reports to Steve Setton, head of marketing and communications. Svalander
previously worked in corporate communications at the Swiss private bank Banque
Syz & Co.

Towry, the UK
wealth advisory firm, added Pete Cormack to its Edinburgh office as a wealth advisor. Cormack
previously spent a decade as a financial planning manager at Royal Bank of Scotland. He is
also known, however, for having been a professional footballer who played in
both the English and Scottish leagues for 16 years before beginning his
financial services career at Canada Life.

The wealth and investment management division of Barclays added
private banker Debbie Cotton to its Reading
office. Cotton previously spent five years as a wealth advisor at Towry.

Brewin Dolphin named Henry Algeo to the position of group
managing director. He was previously chief operating officer.

Reech AiM Group, the international asset manager, appointed
Gary Sher and Adam Mincer as finance director and head of operations and
technology, respectively. Both appointees are based in London and report to Christophe Reech,
chairman and chief executive.

WH Ireland appointed its head of private wealth management,
Richard Killingbeck, as an executive director. Killingbeck joined WH Ireland in
mid-September. He was previously managing director of Credit Suisse’s UK
private banking business, a post he took up in April 2010.

Rowan Dartington appointed Kevin Bowhay as a discretionary
fund manager, charging him primarily with growing the firm’s funds under
management and supporting its expansion. Bowhay joined from Lloyds TSB Private
Banking, where he had worked for 25 years advising high and ultra high net
worth clients.

Quilter added David Soutar to its investment team in Edinburgh. Soutar was
previously joint managing partner at Castlefield Investments, where he managed
a range of portfolios for charities, pension schemes and private investors.

Mattioli Woods appointed investment consultant Stan Allen.
Allen, who will work across all of the firm’s offices in London,
Leicester, Aberdeen and Glasgow, was latterly a relationship manager
at Coutts. Before joining Royal Bank of Scotland’s flagship wealth brand he
worked in business and corporate banking for NatWest.

Richard Beggs, head of UK
investment advisory at JP Morgan’s private banking business in London, resigned from the firm.

Standard Life Investments, the UK-based fund management
division of Standard Life appointed Rickey Thevakarrunai as fund analyst to
strengthen its multi-manager fund solutions team. Latterly, Thevakarrunai was
portfolio analyst at PIMCO, prior to which he worked at State Street Global
Advisors.

Standard Life Investments added Adam Rudd as an investment
director in the multi-asset team. Rudd previously worked for JP Morgan in New York. He reports to
Guy Stern, head of multi-asset fund management.

The Society of Trust and Estate Practitioners brought in
Hélène Lewis, a British Virgin Islands private
client practitioner, to serve as chair of the international board for one year
from 1 December. She succeeded incumbent chair Michael Young TEP, who retired
from STEP’s board.

HSBC Global Asset Management named Andy Clark as its new UK chief
executive, succeeding Simeon Brown, who the firm said is leaving to pursue
other interests after 16 years at the group.

DWF, the UK
law firm, aded associate Jon Gould to its Newcastle
office in the private client team. Gould previously worked for Hay & Kilner
Solicitors in Newcastle and Linder Myers in Manchester. He has worked
with private clients for six years.

BlueBay Asset Management appointed Erich Gerth as global
head of business development in London.
Gerth, who is also a partner, leads BlueBay’s global sales and marketing
activities and sits on the management committee. He joined from Aviva
Investors, where he was chief executive of Asia-Pacific and global business
development.

Legal & General Property, the property fund management
arm of the Legal & General insurance and investments group, appointed Bill
Page as business research manager. Page joined from Jones Lang LaSalle, where
he had headed its EMEA offices research team for seven years.

UK-based Duncan Lawrie Private Bank named banking director
Nigel Gautrey as managing director of its Isle of Man
business. Gautrey succeeded Alan Molloy, who left after 18 years, but who
remained with the firm for a handover period. Gautrey joined Duncan Lawrie
Private Bank Isle of Man as head of banking in 2000 and is also a director of
the bank’s fiduciary services company, Duncan Lawrie Offshore Services.

The wealth and investment management division of Barclays
recruited two veterans from Coutts - Mark Priestley and Michael Foy - for its London office. Priestley,
who joined as a director, had worked for Coutts for 25 years, spending the past
18 of these as a banker serving high net worth individuals.

Scottish Widows Investment Partnership took on Martyn Gilbey
as head of wholesale in London.
Gilbey reports to Francis Ghiloni, director of distribution and client
management.

Brewin Dolphin appointed Alan Riddell as divisional director
in its Glasgow
office. Riddell was formerly a senior associate director at Speirs &
Jeffrey, having worked at the firm for 25 years.

Switzerland’s
MIG Bank appointed Paul Chrimes as chief operating officer of MIG Capital (Europe), its London-based subsidiary. Chrimes was latterly
chief executive of E*TRADE, a role he took up in 2010.

Asia-Pacific

National Australia Bank named Lara Bourguignon as managing director of
its wealth unit Plum Financial Services. Bourguignon was previously a senior
strategist for NAB Wealth.

Bank of America Merrill Lynch announced Simon Lucocq as head of
technology and operations in the Asia-Pacific region based in Hong
Kong. Lucocq was previously with Nomura where for the last four
years he was the global chief information officer. He now reports to Bill
Pappas, CIO for global wholesale banking, and has regional accountability to
Matthew Koder, president for Asia-Pacific.

US asset manager
Principal Global Invesors named Mihail Dobrinov as head of its emerging markets
equities team to replace Michael Reynal, who has left the firm. Dobrinov, who
joined the company in 1995 as international and emerging market debt and
currency specialist, inherited the management of some $9.3 billion in assets
for clients in the region.

Australian Securities and Investments Commission announced plans to
increase its advisor numbers head of the planned launch of the Future of
Financial Advice legislation in 2013. So far, the ASIC has listed eight vacant
positions in the Sydney and Melbourne branches for advisors specialising in
risk management and compliance and legal.

Brooks Entwistle, partner and chairman for the Goldman Sachs' South East Asia business announced his retirement
effective the end of 2012. Entwistle has been with the company for 20 years. He
will not be totally leaving the bank on his retirement, however, and will stay
on as advisory director.

UK-listed Henderson Global Investors named Matt Gaden as head of
distribution for the Australian business. Gaden was the general manager for
institutional business and strategic alliances for Challenger Limited. He now
reports to Rob Adams, executive chairman of Henderson
Australia.

Cushman & Wakefield, the global real estate services firm, opened
its fifth office in Asia for 2012 in the Philippines and appointed Joe
Curran as general manager. Curran was previously with CBRE Philippines, where
he worked for eight years. The move is in line with the company's five-year
aggressive expansion plan in Asia-Pacific.

French fund house Oddo Asset Management opened its first office in Asia
and out of Europe and named Roy Diao as chief
executive. Diao joined the firm in October from BNP Paribas Investment
Partners. He operates alone in Singapore
in the interim while the firm builds up a team. He repots to Nicolas Chaput,
the Paris-based CEO of the asset management business.

Perpetual Private, the wealth arm of Perpetual Limited, named Mark
Smith as its new group executive, succeeding Nick Langton, who returned to his
old position of general manager of private client advise. Smith is based in Sydney and reports to
Geoff Lloyd, chief executive.

Citi named former Australian first minister for superannuation and
corporate law Nick Sherry to the newly-created role of senior advisor to securities
and fund services, part of the firm’s transaction services division. The
establishment of the role addresses predictions that Australia's super industry will
triple is size by 2035.

Newly-opened Australian financial advisory firm Shartru Wealth Management
opened its first branch and named Dr John Hewson, Linden Toll and Andrew Meakin
as its board members. Hewson is the chairman of Shartru Capital, its parent
firm, while Toll and Meakin are executive directors.

Standard Chartered Private Bank named Desmond Liu as managing director
and head of private banking, Hong Kong and North East Asia, to lead the
strategic direction of the business in greater China
and north-east Asia. This is a newly-created
Hong Kong-based role. Liu reports to Mary Huen, head of consumer banking, Hong Kong and to Rajesh Malkani, head of private bank,
East.

Credit Suisse restructured its global operations, effectively scrapping
the roles of dedicated chief executive for Asia-Pacific and EMEA, among others.
Osama Abbasi and Fawzi Kyriakos-Saad, who served as CEOs for those two regions,
have left the firm. It is not known to where they are moving.

Withers relocated Eric Wallace, its London
partner, to Hong Kong on increasing demand for international legal
services in Asia. Wallace was tasked to focus on international tax,
probate, and trust and estate planning, with a particular focus on US
persons
and property.

BNY Mellon strengthened its Hong Kong
operations with the hire of Fred DiCocco as head of sales and relationship
management, treasury services, for Asia-Pacific. DiCocco became part of BNY
Mellon in 1998 and has held a number of senior roles in trade and payments
since relocating to Hong Kong in 2006. His
most recent role was as treasury services Asia-Pacific market manager.

Northern Trust expanded its tax solutions capacity in Australia and New Zealand with the appointment of
Zaf Kardaras as tax manager, supporting financial and tax reporting for clients
in the funds management and superannuation industries. Based in Melbourne, he leads a
team of 60 professionals specialising in fund accounting, unit pricing,
financial reporting and tax. He joined from PricewaterhouseCoopers.

Citi Hong Kong announced Weber Lo as the new country officer and chief
executive for Hong Kong and Macau, effective 1
January 2013. Lo assumes the lead role, replacing Shengman Zhang, who will
continue his role as co-chairman for Citi Asia-Pacific. Lo is currently the
head of the consumer banking business in Hong Kong and Macau,
covering retail banking, investment, insurance, credit card and consumer
lending, as well as commercial banking.

Coutts, the private bank, continued its run of top-rank hires with the
appointment of Joseph Lam as managing director and head of the private office
North Asia, based in Hong Kong. The role is a
newly created position. Lam joined from Merrill Lynch.

Bell Asset Management, the Australian investment management firm,
strengthened its senior management roster with three appointments. Jessica
Grant is now head of business development, Jack Osborn is now an equity
analyst, while Farhaana Desai is compliance manager. Grant joined BAM after
serving a similar role with Macquarie Group and brings seven years of financial
planning experience to the firm. Osborn used to be with Macquarie Private
Wealth, while Desai held a compliance and governance post at UCA Funds
Management.

Franklin Templeton Investments bulked up its advisory services team by
appointing Matthew Hattersley to the role of northern region key account
manager based in Sydney.
Hattersley previously worked for the likes of Invesco, Credit Suisse, Bridges
Financial Services and BT Funds. In this new role, he is responsible for
national key accounts and dealer groups partnerships in New
South Wales, the ACT and Queensland.

Manulife International appointed Steve Chiu as vice president for
investment funds, Hong Kong. Chiu joined the
firm from Bosera Asset Management, where he was managing director for of
the Hong Kong business. Before that, he was managing director
at AIA Wealth Management. He now reports to Michael Huddart, executive
vice
president and chief executive of Hong Kong.

Northern Trust named financial services veteran Bo Kratz as managing
director for the Asia-Pacific asset management business. Kratz used to work for
Permal and ABN Amro Asset Management in Hong Kong and Singapore. In
his new role, he leads the $50 billion Asia-Pac asset management team and
reports functionally to Wayne Bowers and locally to Teresa Parker, chief
executive for Asia-Pacific.

Credit Suisse cut a number of roles in its asset management operations
in Singapore,
including some high-ranking executives. The bank did not expand on specific
roles or give names, but WealthBriefing Asia can confirm that several people
will be leaving. Credit Suisse declined to comment on the issue, but said that
any changes will not affect the manufacturing of products.

Coutts, the UK-headquartered private banking and wealth management
firm, appointed Ray Chan as executive director, head of Philippines.
Chan previously worked for Morgan Stanley in Hong Kong,
where he was responsible for building an offshore Philippine team targetting
the ultra-high net worth market. He now reports to Ignatius KK Chong, head of Hong Kong.