UK

UK investment boutique Neptune Investment Management promoted Richard Green to be deputy managing director.  Mr Green, who joined the board from Barclays Wealth as corporate development director six months ago, has had, the firm says, significant involvement with the day-to-day management of the business as part of the executive committee.

Lloyds TSB appointed Jo Dawson as wealth and international director as part of a shake up of the executive management team following its acquisition of HBOS. As announced previously, Sir Victor Blank is chairman and Eric Daniels is chief executive of the enlarged UK-based banking group.

Also at Lloyds TSB, Helen Weir was appointed group executive director of UK retail banking, Truett Tate was appointed group executive director of wholesale banking, Archie Kane was appointed group executive director of insurance and represents the new board in Scotland, Tim Tookey was appointed group finance director, Harry Baines was appointed general counsel and company secretary.

Carol Sergeant was appointed chief risk officer, Angie Risley was appointed group human resources director, Chris Wiscarson was appointed group integration director, and the director of IT and operations will be announced shortly.

London based wealth management executive search firm Gibson Tullberg hired Jessica Torres Schernthaner from Lehman Brothers. She joined to work on UK and international assignments. 

UK pensions and investment provider Skandia hired Christopher Cade as investment consultant. In this newly-created position, he is responsible for explaining Skandia’s investment proposition to its sales force and to financial advisors.

P-Solve Asset Solutions, the investment consultancy and asset management arm of the Punter Southall Group, made five new appointments to its governance team.

Mark Salter, Nick Davies and Emma Pugh were appointed as client relationship managers, whose responsibilities include supporting trustees and clients in their investment governance responsibilities, expanding the client base and assisting in the improvement of the service proposition. 

Mr Salter joined the P-Solve from HSBC global asset management; where he was a client relationship manager.Mr Davies's previous roles include institutional marketing manager, EMEA, at DIAM – Mizuho Bank.

Ms Pugh joined P-Solve from F&C, and prior to this worked at HSBC Investments. Chris Windeatt and Sophia Hillard also joined P-Solve as governance associates.

Climate Change Capital, the UK-based investment manager and advisor specialising in low-carbon-usage technologies, appointed Shaun Mays from Deutsche Asset Management as its chief investment officer. Mr Mays had been chief executive of DeAm’s RREEF Infrastructure Investments.

UK pensions and investment provider Skandia hired Christopher Cade as investment consultant. He was previously director of sales, business development and client services at Baring Asset Management, which is a partner of Skandia with funds on its platform and within its MultiManager funds.

Barclays Wealth appointed Robert Brown as managing director and chief operating officer in its investment and product office. Mr Brown previously worked at ABN Amro Global Financial Markets where he was global chief operating officer.

UK-based, Jupiter Asset Management hired four discretionary wealth managers from country-wide independent financial advisor Bestinvest. This addition was the second boost of the month for Jupiter’s private client business after the firm took four discretionary managers, Robin Walker, Paula Forecast, Phil Gent and Oliver Pearson-Lund, from Singer & Friedlander Investment Management.

Credit Suisse appointed Ian Marsh as chief executive of its UK private banking business, effective 1 November 2008, replacing Jeremy Marshall. Mr Marsh was previously head of One Bank Delivery.

UK private wealth manager Citi Quilter appointed a new manager at the firm’s recently opened offices in Belfast, Northern Ireland. Arthur Ross left a business consultancy role at Skandia Life to become regional sales manager for the company.

The chief executive of Credit Suisse’s UK private banking business, Jeremy Marshall left his post after a stint of more than two decades at the Swiss bank.

Barclay Stockbrokers appointed Barbara-Ann King as head of proposition.  She moved across from Barclays Wealth’s investment and product office, where she was head of alternative product.

Emma du Haney joins UK-based Insight Investments, part of HBOS Group, on 2 December. Ms du Haney joined from Henderson Global Investors where she was an investment director specialising in its alpha fixed income business.

Recently launched UK wealth managers Vestra Wealth appointed Richard Spacey and Brad Lee as client advisors. Mr Lee joined from Future Capital Partners, the structured finance and alternative investment firm, where he was responsible for promoting tax efficient strategies and investments for both the retail and corporate markets. Mr Spacey worked for Fairbairn Private Bank in Jersey as a private banker looking after UK high net worth domiciles and non domiciles.

BestInvest, the UK independent financial advisory with a high net worth discretionary investment management arm, appointed John Spiers as chief executive, following the departure of Andrew Barnes, according to media reports. Mr Spiers founded BestInvest in 1986.

There were several moves at Singers & Friedlander Investment Management, the UK-based investment manager formerly owned by the failed Icelandic Bank Kaupthing. The investment manager lost from its business development team: Brian Fairclough, who joined Vestra Wealth, Phil Degan who joined boutique private bank Duncan Lawrie, Richard Nunnely who is believed to have relocated to Scotland and David Scott, who retired.

Michael Firth, was previously number two in the former chief executive Chris Buzzard's investment management team, also left.

Tony Conway, who was previously director of marketing at the firm, joined UBS in London, after having left Singers earlier this year.

Deutsche Bank-owned Tilney Private Wealth Management hired Daniel Good into its private client team in Birmingham. He joins from Barclays Wealth Portfolio Service.

London-based Cazenove Capital Management promoted Richard Jeffrey to the post of chief investment officer, replacing Ann West when she relinquishes her role in January 2009. Ms West will continue to work for Cazenove on a part-time basis, working on projects for the company’s private wealth management unit.

The UK asset management arm of Spain’s Santander Group appointed a new chief executive officer. Jeffrey Scott was promoted from marketing director, a position he took up in 2006. He held various positions within Abbey, a business which was taken over by Santander. His positions have included head of unsecured loans and head of intermediary mortgages. 

UBS appointed Tony Conway as a business development director in the UK. Prior to his appointment by UBS, Mr Conway was director of marketing and business development at Kaupthing Singer & Friedlander,

Chicago-based Northern Trust appointed Steven Quigley as head of process management for asset servicing in Europe, Middle East and Africa. Mr Quigley joins Northern Trust from data distribution service FTSE international.

Kaupthing Singer & Friedlander made 74 of its UK staff redundant, with immediate effect, administrators for the business said, after the UK government seized control of the firm due to problems with its Icelandic parent.

UK specialist environmental investment company Impax Group appointed Charlie Ridge as chief operating officer. He will be responsible for finance, operations, compliance and administration. Before joining Impax Mr Ridge was a managing director within the finance division of Deutsche Bank

Newly formed multi-manager investment company Architas Multi-Manager appointed Colin Taylor as deputy chief investment officer. He was interim CIO of the AXA-owned company until the arrival of Richard Philbin on 1 September 2008. Mr Taylor continues to manage the Winterthur Elite fund of funds and will also retain responsibility for the management of funds sold via the Winterthur platforms.

Leonard Tsomik was appointed as managing director responsible for investor relations and fundraising at The Carlyle Group’s UK base in London. Prior to joining US-headquartered Carlyle, the private global investment firm, Mr Tsomik was the head of private banking for Russia with JP Morgan in London, where he initiated the private bank's coverage of the Russian market. In that role, he reported to Felipe Godard, head of offshore private banking at JP Morgan Europe.

Cofunds, the UK independent investment platform, made five new appointments of three account managers and two sales consultants to its intermediary support team in the UK.

Stephen McPhillips, previously at James Hay, part of the Santander Group, will be responsible for servicing intermediaries in the UK's Midlands. Covering the Southwest will be Jon Payne, who joins from Lifetime, part of Norwich Union.

Cofunds has also appointed Martin Duhig to the role of key account manager.  Mr Duhig was previously responsible for independent financial advisor business development at Barclays Wealth, and prior to that was national account manager at Prudential.  Two further appointments are those of sales consultants Adam Kelly and Michael Campion.

J O Hambro Capital Management appointed Gavin Rochussen as chief executive officer replacing Nichola Pease, who became deputy chairman after ten years in post. Mr Rochussen left Fleming Family & Partners in August this year after five years as CEO. He has taken an equity stake in JOHCM and will start at the firm in November. Ms Pease will remain actively involved in the firm, in which she continues to have an equity stake.

Threadneedle, the UK investment management firm appointed Nick Ring as its new global head of product, a newly created role. Mr Ring was previously at head of wealth management for the EMEA region at Northern Trust.

The Securities & Investment Institute, the UK securities industry representative and examination-setting body appointed Richard Charnock and Frank Moxon to its board. Mr Charnock is chief executive officer of Standard Life Wealth. Mr Moxon is managing director of corporate finance consultancy Hoyt Moxon.

UK-based wealth management firm Rensburg Sheppards appointed Sandy Bryson to the newly-created post of managing director of financial planning.  Mr Bryson joined the UK-listed wealth manager from London-listed rival Brewin Dolphin, taking up the post next January. Mr Bryson is head of financial services at Brewin Dolphin.

UK-based Arbuthnot Banking Group appointed a senior manager from Citi to take up the post of finance director from 1 November this year. James Cobb had worked for the past 13 years at Citi. He currently holds the post of deputy chief financial officer and controller of Citi’s global consumer group in Europe, Middle East and Africa

UK-based Kleinwort Benson announced that Holger Boschke will succeed David Henderson as chairman of Kleinwort Benson Private Bank as of November 2008.The current chairman David Henderson will retire on 6 November 2008, his 60th birthday, but will continue to work with Kleinwort Benson as a special advisor to the bank for the next year.  Holger Boschke joins Kleinwort Benson from Dresdner Bank, where he was chief investment officer for private and business clients.

The international executive search firm Heidrick & Struggles appointed Harry Pilkington as partner to lead its wealth management business in Europe, Middle East and Africa. Before joining Heidrick & Struggles, Mr Pilkington worked for more than ten years as a partner and head of the wealth management practice for executive search firm Armstrong International.

UK-based BDO Stoy Hayward Investment Management added to its asset management division with three senior appointments at its alternative investment team. Two hedge fund analysts, Dev Jadeja and Rahul Saito, joined John Smutniak who gave up his role as a portfolio manager at Lynross Capital Management.

Wealth management search specialists Sandra Murphy and Kevin Slattery joined New Millennium Group in London. The pair were previously at headhunter Lockwood Gibb, also based in London.

Standard Life Investments, the global fund manager, appointed Andrew Millington to its UK equities team, naming him investment director. Mr Millington was previously employed by Baillie Gifford within its UK equities team as manager of the Baillie Gifford income fund.

Investec Private Bank strengthened its European wealth management team with the appointment of Jennifer Macintyre and Catherine Kirchmann as senior investment practitioners in London.

Ms Kirchmann joined from Spencer House Capital Management where she was a marketing associate responsible for the firm’s business development. Prior to that, she was a portfolio director at GAM London.

Ms Macintyre focuses on providing investment services to UK-based ultra high net worth individuals and families. Prior to joining Investec, she worked for Coutts & Co in London and Birmingham.

Close Wealth Management made three senior appointments to its trust division. Peter Scull was appointed as client services director, with responsibility for the quality of services. Mr Scull is a member of the Society of Trust and Estate Practitioners, Institute of Financial Services and qualified with the Securities Institute.

Jeff Arkley was appointed as senior trust director, based in Guernsey. Mr Arkley moved to Guernsey from Close Brothers’ Cayman business, where he has been director of the Trust and Corporate Department since 2003.

Stuart Divall was appointed as a manager with responsibility for client management and operations. Over the last 10 years, he has held senior management roles at institutions including Trident Trust, HBOS, and NIB (part of Nedcor).

Nathan John, a senior recruitment specialist worked at Merrill Lynch, left to become head of recruitment for international private banking at Barclays Wealth.He was previously vice president, EMEA human resources and recruitment at Merril, based in London.

Legis Group, a Guernsey-registered fiduciary and fund administration firm, has hired Alison Mahoney as managing director of Legis Trust. She initially trained at Coutts & Co, but joins Legis from Barclays Wealth, having returned from a secondment in Hong Kong at the end of 2007, to run the Guernsey fiduciary operation.

Investment boutique Thames River Capital appointed Graeme Pollok, a senior figure from the Financial Services Authority, as compliance and risk manager.  His hiring followed the establishment of an internal audit function and the appointment of internal auditor, Dominic Keh who joined from Deutsche Bank.

BNY Mellon Asset Management beefed up its client relationship team with the appointment of Simon Putt as director and head of UK institutional client relationship management. Mr Putt previously held a number of senior positions with leading global asset management firms, most recently at Fidelity International as head of investment communications in London.

SG Hambros Bank, part of SG Private Banking, has appointed Tracey Reddings to the newly created position of head of UK Private Banking.  Ms Reddings joined SG Hambros from Charities Aid Foundation Group, where she was chief executive and board director of CAF’s Charity Financial Services Division.

Switzerland

Jean Louis Platteau left Dexia Private Bank (Suisse) after less than eight months in the role of chief executive for Switzerland. Mr Platteau replaced Francis Coulon, who had held the position for a number of years, in January of this year.

John Sinclair, formerly of UK private bank Duncan Lawrie in London, joined Amas Trust Services in Geneva as director of trusts and estate planning.

Swiss private bank Julius Baer said that seven investment professionals have left the firm in the wake of a reorganisation of its investment operations announced a year ago. Six of the departing investment professionals were not named by the Zurich-based bank. The seventh manager was Andre Ruegg, head of sales and distribution. Julius Baer did not say where the team of seven people have gone.

Mark Griffiths left his position as managing director of sales at Swiss and Liechtenstein-based asset management firm Helvetia Wealth in Zurich to become chief executive of Helvetia Solutions in Zug, a separate institution.

Charles de Boissezon retired from the post of chief executive of the Swiss private bank Banque Piguet, to undertake a television project. The former HSBC banker is also a member of the WealthBriefing editorial board.

Mark Kahnau is the new office manager of the Global Wealth Management Zurich branch of Merrill Lynch, which has been taken over by US-listed Bank of America, said in a statement. Mr Kahnau joined Merrill Lynch in 1994 as a financial advisor.

Deutsche Bank’s private and business clients division said it will create 2,500 advisory positions across Germany and European core markets over the next four years.

Gottex Fund Management appointed former UBS senior manager Dr Dominique Kuettel as managing director responsible for managing institutional business in Switzerland. Dr Kuettel joined Gottex from UBS Wealth Management, where he was executive director and functional product head for alternative investments and distribution in Switzerland.

Asia Pacific

Credit Suisse appointed Ray McGregor as managing director and head of Private Banking Australia. Mr McGregor replaces Nick Kaliakajaros, who resigned from the bank.

SG Private Banking appointed Jiro Sekino as executive director of the trust services department at SG’s Japanese business. Mr Sekino will report to Christophe Billard, deputy chief executive, head of products & marketing. Previously, Mr Sekino was general manager, business planning at STB Wealth Partners. He replaces Tomohiko Takahashi.

Standard Chartered Private Bank appointed Shobha Gopinath as head of legal, compliance and assurance, based in Singapore. She was previously head of compliance for wholesale banking, Standard Chartered. 

The private bank made two further appointments to its legal and compliance team, reporting to Ms Gopinath. Christopher Lee was named as global head of legal, based in Singapore, while Justine Toh was appointed global head of compliance.

Mr Lee previously worked for American Express Bank, while Ms Toh was group head of compliance for CLSA.  Ms Toh succeeds Frank Veyder, who is moving into a new role as global head of intermediaries.

Europe

Merrill Lynch appointed Rafael Ximénez de Embún as sales manager for Iberia in its global wealth management business. Mr Ximénez de Embún was previously with Morgan Stanley Asset Management for nine years, most recently as an executive director.

Senior board member, Mai Lill Ibsen, left Carnegie Investment Bank, a Swedish-based bank that covers a variety of activities including private client banking. Ms Ibsen, who had been a board member since November 2007, said she wishes to stay on the board of directors of the subsidiary Carnegie Norge. Carnegie appointed Goldman Sachs as financial advisor to evaluate strategic alternatives for the company.

Merrill Lynch appointed two new financial advisors, Kristjón Grétarsson and Mikael Näss, for its global wealth management business in Luxembourg. Mr Näss joins Merrill Lynch from Kuylenstierna & Skog, while Mr Grétarsson was previously at Glitnir Bank in Luxembourg.

Merrill Lynch appointed Alla Fedorova and Katalin Cseh to its emerging markets team in Europe. Ms Fedorova was previously the managing director and head of a London-based ultra high net worth family office, while Ms Cseh joins Merrill Lynch from UBS Wealth Management.

International

International offshore law firm Conyers Dill & Pearman added the provision of Mauritius legal advice and the incorporation of Mauritius global business companies to its list of jurisdictions. The firm retained Nicolas Richard and Sameer Tegally, who will be based in Ebene, Mauritius.

Sonia Xavier provides Mauritius advice out of the firm’s Dubai office and Luchmyparsad Aujayeb (Raaj) will be based in Singapore.

Christopher Johnson-Gilbert has been appointed managing partner at the firm’s London office. Before joining in 2002, he was a partner in Linklaters. He replaces Martin Lane as head of that office.

Jupiter Asset Management appointed Peter Fegelman as hedge fund business development director.Most recently, he was a managing director at Lehman Brothers in the investment management division.

Credit Suisse appointed Sai Tampi as director and head of multi-asset solutions in India, a new role for its asset based management division. Mr Tampi transfers from HSBC’s Indian Portfolio Management Service, where he served as senior vice president.

Citi appointed Mudassir Amray as head of Islamic banking for the Asia Pacific region. Mr Amray was previously corporate bank head for Citi Bank Pakistan.

Barclays Wealth Intermediaries appointed Richard Gillard as European head of the offshore team. Mr Gillard was previously at Barclays Commercial, where he was area corporate director in the manufacturing, technology, media & telecoms team.

At the Isle of Man office, meanwhile, Andrew Sharpe and Simon Hirtenstein were appointed as managers. Mr Sharpe worked for Barclays for three years. Mr Hirtenstein is a new hire to Barclays Wealth, having spent the last ten years in financial services in Bermuda and Canada.

The business also recruited Lee Hodson, who has worked within Barclays Wealth’s corporate team for the past two years, and joined the wider Barclays Group in 2000. She is now manager within Offshore Financial Markets.

The appointments coincided with the promotions of Simon Phillips in Jersey and James Sherbourne in Guernsey to Associate Director.  Mr Phillips joined Barclays in 2006. Mr Sherbourne has worked in the finance industry for 16 years.

Anny Au Yeung was recruited as a Relationship Manager for the Offshore Financial Markets business in Hong Kong.

Middle East and Africa Appointments

Barclays Wealth hired Santosh Keni as a director within its international private banking team in the Middle East, based in Dubai. He joins from RBS Coutts in Singapore, where he was a senior vice president.

SG Private Banking, the wealth management arm of Société Générale, appointed Dina ElYacoubi and Ashish Anand in a move to strengthen its teams in the Middle East, based in Dubai.

Previously relationship director for Barclays Wealth, Mrs ElYacoubi joined SG Private Banking as senior vice-president and head of the firm’s women’s desk for the Middle East. Mr Anand, whose new role is that of executive director, wealth planning and fiduciary services, joined SG Private Wealth from Royal Bank of Canada, where he was director and chief representative for the Middle East.

Bahrain-based investment firm Samena Capital, which was launched in February this year by a group of 30 billionaires from the Indian Subcontinent, Asia, the Middle East and North Africa, expanded its investment team.

Celia Farnon joined from Polar Capital, where she was Japan fund manager.

Another recruit was Swaroop Patel, whose most recent post was as head of Bank of America’s debt capital markets in Hong Kong. Robert Clements, an emerging markets specialist, and Lien Ber Luen, previously a senior member of the investment team at Credit Suisse’s Hong-Kong based global proprietary trading business, joined Samena.

The UK-based Securities & Investment Institute appointed Joseph Schwok as new country head to work in the United Arab Emirates. Mr Schwok joins from Legal and General where he acted as a financial consultant. He will lead the recently opened Dubai office that began operations in 2007.

Banque Piguet, the Swiss private bank, appointed a new head of Middle East, Nicholas Farah, who takes up the role effective 10 November 2008. Mr Farah joins Banque Piguet from Standard Bank for whom he built up a Dubai presence over the past three years.

North America

Kyle Delaney, head of Private Banking at the US Private Wealth Management division of Deutsche Bank, was appointed division head in the worldwide institutional asset management business of DB Advisors in America. Prior to working for Deutsche Bank he held roles with Bank of America and Morgan Stanley.

VisionQuest Wealth Management, a North Carolina-based wealth manager, hired George Nowack as director of advice. Before joining VisionQuest, he was a senior risk manager at property lender Fannie Mae Corporation in Washington DC. 

New Orleans-headquartered Whitney National Bank hired Mark Duthu as executive vice president, wealth management. Most recently, he was the regional managing director of Wachovia's trust offices in Alabama and Texas.

US hedge fund Aladdin Capital Holdings appointed a former senior manager at Calyon, Neal Neilinger, as vice president and chief investment officer. Previously, Mr Neilinger was global head of credit sales, trading and syndicate in the London office of Calyon, Crédit Agricole's corporate and investment banking entity.

Merrill Lynch, appointed John Thain, Merrill’s chairman and chief executive, as president of global banking, securities and wealth management at the combined group.

The private bank of Credit Suisse in the US appointed ex-Merrill Lynch executive Greg McGauley as a managing director and national sales manager for private banking, a newly created role.

RBC Wealth Management named Jim Chapman as chief executive of brokerage Ferris Baker Watts, replacing long-time head Roger Calvert, according to media reports. RBC, which acquired Ferris in June this year for $230 million, also named Deb Kermeen chief operating officer of Ferris, replacing Adrian Teel.

Canada’s Canaccord appointed John Rothwell as executive vice president and head of Private Client Services. Mr Rothwell was previously with Midland Walwyn Capital, Mackenzie Financial, Fidelity Investments and, most recently, as president of Wellington West Capital.

Highmount Capital, a US wealth manager made Kevin Bannon, who joined the firm as a managing director in April, their chief investment officer. Mr Bannon was previously chief investment officer of the Bank of New York.

US-based City National Bank hired Gina Gentleman, as vice president and relationship manager in its private client services group in Las Vegas. Prior to joining City National, Ms Gentleman worked for Silver State Bank as vice president and commercial lending director of its women's business group.

A team of Merrill Lynch advisors left the firm with around $900 million in client assets on the same day Merrill executives secured top roles in the new entity following its integration into Bank of America.

The team of four former Merrill advisors left the firm to start their own independent advice practice in Connecticut before learning that Bob McCann,

Merrill's wealth management chief, will run the combined financial group.

Kevin Burns, William Lomus, William Loftus, and Jim Pratt-Heaney — known as the LLBH Group at Merrill Lynch – left the firm to start LLBH Group Private Wealth Management, Pershing Wealth Solutions, the independent practice’s new custodian.