Joachim Gottschalk, the founder of Gottex, resigned as chief executive and executive director of the fund management firm. He was replaced temporarily by Arpad Busson.

While the group is in the process of identifying and engaging a new chief executive, the board of directors appointed Busson as executive chairman of Gottex. It is an independent asset management group with offices in Guernsey, Geneva, London, Hong Kong, New York, Boston and Luxembourg.

Specialist tax advisor Wendy Martin was promoted to partner of EY in the UK and Europe, Middle East, India and Asia group. Martin joined EY in 2013 as a member of the senior leadership team; she has directed the firm’s corporate and international tax service offerings. Martin has in-depth knowledge of US and UK FATCA legislation and its application to businesses, with a particular focus on the Crown Dependencies and offshore territories.

Carey Olsen, the offshore law firm, promoted seven senior lawyers among its corporate and litigation teams across Guernsey, Jersey and the British Virgin Islands.

Fiona Dalton, a corporate lawyer based in Jersey, and Richard Field, a litigation lawyer based in Guernsey, were promoted to counsel.

Dalton principally practices in advising financial institutions and corporate borrowers in relation to high profile real estate. Field specialises in corporate and commercial litigation including banking, investment and funds litigation.

Also based in Jersey, fund specialist Lauren Fletcher and litigation specialist Louise Woolrich were promoted to senior associates. In the firm’s Guernsey office, corporate lawyers Gemma Campbell and Alex Mauger were promoted to senior associates.

Switzerland
Credit Suisse’s new chief executive Tidjane Thiam made his first appointments as he started to mould Switzerland’s second-largest bank into his preferred shape after taking the helm from Brady Dougan earlier this year. Pierre-Olivier Bouee, who left Prudential, the UK insurer, around the same time as Thiam to work for Credit Suisse, became his new chief of staff. Thiam  also moved Fridolin Walch to a business manager role from corporate development. Meanwhile, Rob Basso, who had worked in the office of Dougan, now focuses on human resources at the investment bank, as well as private banking and wealth management products.

Switzerland-listed GAM appointed Martin Jufer as region head for continental Europe and Larissa Alghisi Rubner to the group management board, representing communications.

Jufer, who already sits on the board and is responsible for operations in continental Europe, takes on the additional role to replace Michele Porro, who left the board and the company.
Jufer now manages cross-functional cooperation, oversight and governance of continental Europe legal entities and represents the asset manager in local industry associations.

SYZ Asset Management promoted Adrien Pichoud to chief economist. Based in Geneva, Pichoud became a member of the group's strategy committee. He also became co-manager of the Oyster European Fixed Income and Oyster USD Bond funds, reporting to chief investment officer Fabrizio Quirighetti. Pichoud, who joined SYZ as an economist in 2010, was already a member of the management team of the Oyster Multi-Asset Absolute Return EUR and Oyster Absolute Return GBP funds, as well as other multi-asset funds and institutional mandates in absolute return strategies. (Oyster is the firm’s UCITS investment fund range.)

Brazil's BTG Pactual appointed Pictet's Yves Bonzon as chief investment officer at BSI, the Swiss private bank it is acquiring from Italy's Generali. Bonzon joined from his position as chief investment officer of Pictet's wealth management business. He has chaired the private bank's investment committee since 1998.

UBS appointed William Kennedy as global head of distribution for its asset management arm. He took up the Zurich-based role from Andreas Schlatter, a mathematician by training, who left the bank after 19 years to pursue an academic career. Kennedy reports to UBS's president of global asset management, Ulrich Koerner, who took over the division last year.

Zurich-headquartered GAM appointed James Weston to its distribution team to lead its international sales drive in discretionary fund management. Weston took on the newly-created role of executive director, international distribution within the company's Zurich office. He joined from Generali, where he led "affluent distribution" for its pan-European business and bank distribution for its international business.

Europe
Online precious metals trader GoldMoney appointed two new Jersey directors following its acquisition by BitGold Canada. Katy Millington, previously GoldMoney's legal counsel and head of compliance, was promoted to director of its Jersey-based entities and general counsel of GoldMoney Group, which includes both the BitGold and GoldMoney subsidiaries. Before joining the company in 2013, she was an associate with Collas Crill, Jersey, and Steptoe & Johnson.

Kerry Sharman, previously head of finance and risk, was appointed director of GoldMoney’s Jersey-based entities. He also stepped into the role of head of operations for the Jersey business, taking on responsibility for dealing, settlements, and information technology. Before GoldMoney, Sharman was a financial controller for Ashburton and Gartmore Fund Managers.

Societe Generale made a number of senior appointments for its group management committee, taking effect from 1 September.

The appointments are:

- Patrizia Micucci, group country head for Italy, in addition to her existing responsibilities as head of corporate and investment banking in Italy;

- Pavel Čejka, chief operating officer at international banking and financial services;

- Xavier Lofficial, head of group transformation, processes and information systems.

Micucci joined Societe Generale in 2010 as head of coverage and the investment banking division for Italy and in 2012 also took the role of SG corporate and investment banking (CIB) chief country officer. Prior to joining Societe Generale, she worked for Lehman Brothers in New York and in Milan where, from 1990 to 2007, she was the head of investment banking for Italy and a member of the European investment banking committee.

Čejka started his professional career in 1994 at Arthur Andersen, where he specialised mainly in advisory and audit for financial institutions in the Central European region. In 2000, he joined ČSOB (KBC Group) as executive director for financial management.

He joined Komerční Banka in July 2003 as deputy CFO, and from 2006 to 2012 he served as executive director of strategy and finance. In 2012, he was appointed a member of the board of directors and chief operating officer of Komerční Banka. He took the position as chief operating officer at international banking and financial services on 1 April 2015.

Lofficial joined SG CIB in 1996. He held various management positions in the domains of IT and project management on SG CIB’s main markets in France, the USA and especially Asia.

Banca March, the Spanish family-owned bank, named Miguel Ángel García Muñoz as chief executive of its asset management branch. He replaced Jose Luis Jimenez, who is leaving March Asset Management to become head of investment at Mapfre. Muñoz was previously the market strategy director at Banca March.

Global fund services provider Moore Management added to its European leadership team with the hire of Andrew Maiden as a director. In the newly-created role, Maiden works with Jon Trigg, head of European fund services, and Mark Douglas, head of Guernsey fund services. They will develop the company’s long-term strategic objectives and grow Moore’s European client base. In his new role, Maiden will split his time between Guernsey, where he will be based, and Jersey, the firm’s head office.

Previously, Maiden worked at Northern Trust in Guernsey.

Channel Islands-based PraxisIFM promoted Graham Dawson, David Stephenson and Keri Lancaster-King within its Guernsey office. Dawson, who has worked in the compliance team for the last decade, was appointed associate director in compliance.

Stephenson, who joined Praxis in 2009 and is part of the group's funds team, now serves as senior manager, financial reporting. Lancaster-King joined Praxis's fund team in 2009 when it acquired Investec Administration Services. She was promoted to senior manager, new business.

Macquarie Investment Management appointed Invesco’s Peter Douvos to the newly-created role of head of Europe, Middle East and Africa consultant relations. He joined from Invesco Asset Management where he was responsible for consultant relations. Before this, he held sales roles for UBS Global Asset Management in the UK and Standard Bank and Fedsure Life in South Africa. Douvos will be based in London.

Nautilus, the Jersey-headquartered trust company, appointed two people to its senior team. Michael Goulborn replaced Jan Kenny as executive director, who remainws a consultant to Nautilus, and Peter Cheesley filled the newly-created role of head of business development. Goulborn previously worked at Carey Olsen, the offshore law firm. Cheesley came from offshore law firm Ogier.

PricewaterhouseCoopers promoted three senior figures to expand its leadership team in the Channel Islands. Newly-admitted partner Mike Byrne and recently appointed directors Chris Van Den Berg and Alex Burne were promoted to the team.

UK
The global consultancy Mercer named Steve Blackie as UK head of investments. He replaced Patrick Race, who held the post for over four years. Blackie is based in the firm’s Edinburgh office. Race, meanwhile, decided to step back from business leadership to focus on client work and a small number of new service delivery, risk and governance responsibilities. Blackie has worked for Mercer since 2009 in various roles.

Invesco Perpetual, part of New York-listed investment manager Invesco, promoted Jack Parker to the newly-created role of deputy fund manager for one onshore fund and three offshore funds. He is based just outside of London, as part of the firm's fixed interest team.

Principal Global Investors expanded its fixed income team in Europe with two transfers from the US and two hires of senior analysts. Mark Cernicky and Randy Woodbury transfered to Principal Global Investors’ London office from the US; two senior analysts, Nicolas Woodcock and Sebastien Poulin, were hired to join the team in London.

Brewin Dolphin appointed Charlie Ferry and Paul Jones as the new co-heads of its London office. They replaced Rupert Tyler, who previously headed up the office and will continue to serve as investment manager. He took on a new role as head of culture and diversity.

Ferry joined the company in 2008 and served as a divisional director, while Jones joined two years ago to run Brewin's strategic change unit.

Another addition to the London team was Emma Cowley as an investment manager working alongside divisional director Michael Butler. She previously worked at Bank of America Merrill Lynch, specialising in derivatives and structured products. Divisional director Dennis Phillips, who joined three years ago from Ashburton, retired. Alan Harvey was appointed a financial planner in the Scottish branch and James Scott joined as investment manager in Lincoln.

UK-based Schroders hired Clara Yan from UBS in the newly-created role of insurance asset/liability management director. She is based in London as part of Schroders' 15-strong insurance asset management team, reporting to Paul Forshaw, head of insurance asset management. Previously, Yan worked for six years at the investment banking arm of UBS with UK and European insurance clients on asset and liability management issues.

Ingenious Asset Management appointed UBS's George Moorey-Denham as business development manager for the South of England. Moorey-Denham joined after seven years with UBS Wealth Management, where he advised the company’s IFA strategic partners.

Baring Asset Management hired James Ind and Merrick Styles to its global multi-asset team. Ind is a member of the strategic policy group and the equity research sub-group. He brought experience in managing multi-asset funds and equities at GLG Partners, Russell Investments and Merrill Lynch Investment Managers. Styles joined from Amundi where he was co-head of investments for its UK business and is based in London.

Central Investment, the Scottish financial advisor, added a non-executive director and a new operations manager to its team in Aberdeen. Gillian Hastings joined the company as a non-executive director and Ian Smith filled the role of operations manager. Both positions are newly-created. Graham Cobban, who worked for Central Investment since 1981, retired from his post of director.

Smith & Williamson added Keith Jones as non-executive director to its main board. Jones is chairman of Pemberton Asset Management, a non-executive director with Espírito Santo Investment Bank and Aon Hewitt, as well as a senior advisor to Permira. Previously, he was an advisor to Lloyds Bank, chairman of Execution Noble, and a non-executive director of F&C Asset Management and Just Retirement Holdings.

Smith & Williamson announced that Elizabeth Chambers had joined its main board. Chambers is a non-executive director of Dollar Financial UK and until recently was chief marketing and business development officer at Freshfields Bruckhaus Deringer. She also has experience from various roles in senior marketing and strategy in financial institutions and professional services firms in the UK and the US including Barclays, Barclaycard, Bank of America and Bingham McCutchen.

Legal & General Investment Management announced the departure of the manager of one of its funds and his interim replacement. The manager of the L&G UK Equity Income Fund, Richard Black, resigned. The fund had £591 million ($919 million) in assets as of 31 May. The interim manager is Andrew Koch, head of European equity funds and a member of the global income team at LGIM.

Fulcrum Asset Management hired Matthew Wright and Hannah Barton as part of its growth drive in the wholesale market. The company appointed Wright as director in the sales and marketing team. Wright joined from Newsmith Asset Management, where he was partner. He previously worked at Fidelity, UBS Global Asset Management and Carmignac. Barton also supports the team as director in the marketing team. She previously served as head of investor relations at Autonomy Capital and Black Ant.

Asset Risk Consultants hired Matt Lonsdale to lead its business development activities from London. Lonsdale previously led intermediary business development at Thomas Miller Investments. Before this, he worked at Psigma Investment Management and Fisher Wealth Management.

Neptune Investment Management appointed Joshua Ausden to the newly-created role of head of client investment strategy. He joined from FE Trustnet. Ausden is based in London.

BlackRock's Richard Plackett retired after 25 years in the fund management industry, prompting research firm Morningstar to put a fund that he managed under review.

The manager of the £1.36 billion ($2.12 billion) BlackRock UK Special Situations Fund and former head of the group's UK small and mid cap equities team recently returned to BlackRock after a six-month sabbatical.

Taking over from Plackett was Luke Chappell as co-manager of the BlackRock UK Special Situations Fund alongside Roland Arnold. Chappell, who has been co-head of the UK equity team alongside James Macpherson for the past decade, will predominantly provide mid- and large-cap ideas.

Arbuthnot Banking Group appointed Ian Dewar to its board as non-executive director. As of August, Dewar also became non-executive director of Arbuthnot Latham. He also holds directorship roles at Brewin Dolphin Holdings and Brewin Dolphin Limited and has previously served as director at KPMG.

Thomas Miller Investment appointed Bruce Ely-Johnston as business development director. He replaced Matt Lonsdale and is charged with helping drive the growth of the company’s intermediary and private client propositions.

Previously he worked at Sanlam Private Investments as head of business development and at London & Capital as founder and head of advisor solutions.

Tilney Bestinvest, the UK-based investment and financial planning group, expanded its Glasgow financial planning team with Roy Smith joining as director, financial planning. Smith reports to Stephen Parker, director, financial planning.

Smith joined from RBS private clients group where he worked as wealth manager and chartered financial planner since August 2011.

Aberdeen Asset Management's property business promoted Simon Moscow to head of asset management for the UK and Stephen Walker to deputy head of asset management as its head of asset management, Giles Easter, stepped down.

Moscow, who joined Aberdeen in 2008, replaced Easter, who left the firm “to pursue interests elsewhere in the industry”, the firm said. Previously head of retail asset management in the UK, Moscow took on the new Edinburgh-based role to oversee the team’s asset allocation.

Walker, head of Edinburgh asset management for the UK property team, has also been with the firm for seven years. He continues to head up the Edinburgh team, while helping Moscow drive Aberdeen’s UK property business.

Aberdeen Asset Management also appointed former shadow pensions minister Gregg McClymont as head of retirement savings.

The new London and Edinburgh-based role will cover strategy, research and implementation of defined contributions pensions, with a focus on what the company calls the “new world of retirement savings”.

Octopus Investments appointed John Browett, a retail sector expert, to non-executive director. Browett is non-executive director at EasyJet, the airline, and has experience in the retail sector working with a number of different companies. Recently he was chief executive of Dunelm, the home wares store.

Hawksford, the Jersey-based corporate, private client and funds business, made four promotions to director roles as part of its drive to boost business growth and expand its global footprint. Private client specialist Steve Carr, who joined Hawksford in 2000, is now responsible for developing new products and services, growing the business in new jurisdictions and expanding the private client team. He works with clients across a range of industries including retail, entrepreneurial, sporting and entertainment.

Daniel Hainsworth helped build up Hawksford’s Middle East business and has 15 years’ experience in the corporate and wealth structuring industry. As director, he drives the company’s corporate business, through both organic growth and acquisitions.

Claire Keeney, who joined Hawksford early last year, is responsible for the continued growth of the funds business in her new role as director. As an offshore funds practitioner, she manages a range of structures for an international client base.

Lastly, business enablement director Matthew Wilkinson, who joined the company in 2009 as head of IT, takes on responsibility for growing Hawksford’s international technology offering.

The chief executive of the Financial Conduct Authority since it was created, Martin Wheatley, stood down, with his departure taking effect from 12 September.

Wheatley had been at the helm of the regulator since it took over from the old Financial Services Authority in 2013; he had originally joined the FSA in September 2011 as managing director of the Conduct Business Unit; previous roles have been those of CEO at Hong Kong’s Securities and Futures Commission, and deputy CEO of the London Stock Exchange Group.

The head of the Edinburgh office at UK-based Quilter Cheviot Investment Management stepped down and his deputy took up the leadership reins in a planned succession. Alan Aitchison remained with the business as he stepped back from his role as head of the Edinburgh office for Quilter Cheviot. Mark Hallam, the second-in-command, took over and gained overall responsibility for the management of the office.
 
Aviva Investors appointed Graham Mudie to its newly-created role of senior business development director within its UK sales team. Mudie joined from Standard Life Investments, where he was investment director, responsible for relationships with independent financial advisors and discretionary fund managers across northern England.

Prudential Portfolio Management Group appointed Michael Coop as head of multi-asset portfolio management and Ciaran Mulligan as head of manager oversight.

Coop and Mulligan joined the London-based business, which manages Prudential UK's fund ranges, including its £76.7 billion ($119.8 billion) With-Profits Fund.

Coop brought over 25 years’ industry experience and joined from Sydney-based Ibbotson Associates, where he was head of multi-asset strategies. Replacing Matthew Williams, who left the group in January, he took on responsibility for Prudential’s with-profits and unit-linked funds.

UK-based Hargreave Hale added to its Worcester office by appointing Simon Raggett as investment manager. He joins the firm in the newly-created role in October from EFG Harris Allday, the second recruit from that firm in around a month. For the past 20 years, Raggett worked for EFG Harris Allday as practice partner and senior director responsible for managing advisory and discretionary mandates on behalf of private individuals, trusts and charities.

Miton, the London-based asset management group, hired JO Hambro's Carlos Moreno as European equities fund manager. Moreno, who brought over 20 years' investment experience in European equities, joined the London office from JO Hambro Capital Management, where he managed the JO Hambro All Europe Dynamic Growth Fund. Before this, he served as portfolio manager at Thames River Capital Management.

Brooks Macdonald Asset Management, part of the London-headquartered Brooks Macdonald group, appointed Investec's Adam Baillie as investment management director. Baillie, who served as investment director at Investec Wealth & Investment, took on the newly-created role in York.

Rowan Dartington, the UK-based wealth manager, appointed Andrew Cresswell as an investment executive. Cresswell, who previously served as associate director at HSBC Private Bank, joined the firm's Exeter branch in the newly-created role as part of the firm's drive to increase exposure in the South West.

Neptune Investment Management, based in the UK, promoted its head of strategy to the newly-created role of head of distribution. Charlie Parker joined Neptune in June 2014 as head of strategy and has headed changes to Neptune’s distribution team set-up, its fund range and the way it communicates its capabilities and products to the advisory, discretionary and international markets. Prior to working for Neptune, Parker had been director, Citywire Wealth Manager and director, asset management at Citywire.

Brewin Dolphin appointed Sanlam Private Investments' Lee Clark as a financial planner within its Reigate office. Clark, previously a chartered financial planner at Sanlam Private Investments, has more than 15 years’ experience and specialises in private client services. Before Sanlam, he worked at Arbuthnot Latham Private Bank.

UK-based Legal & General Investment Management announced that Professor Paul Sweeting was to fill the newly-created role of head of research within the LGIM Solutions Group. He reports to Marcus Mollan, head of investment strategy. He joined Legal & General from JP Morgan Asset Management, where he was European head of the strategy group.

Aviva Investors, part of the London-listed Aviva group, has appointed Giles Parkinson in a newly-created role as global equities fund manager.

Parkinson joins from Artemis where he served as analyst and fund manager on the investment manager's £1 billion strategic assets fund. He had worked on that fund since launch in 2010. Before this, he was a global research analyst in oil and gas at Newton Investment Management.

Based in London, Parkinson will work on Aviva Investors’ global equity income fund alongside Richard Saldanha. He will report to the firm's head of global income for equities, Chris Murphy.

Legal & General Property, part of UK-listed insurer and investment house L&G, added three asset managers to its UK Property Fund.

The new hires were Alex Waterworth, Andrew Mercer and Peter McNamara. Waterworth joined as senior asset manager to handle the majority of the fund’s industrial assets. Mercer joined as senior asset manager and will be in charge of the majority of the office assets. McNamara joined join as asset manager and work on assets across all classes.

Antony Jenkins left the post of Barclays chief executive after three years in the role because non-executive directors wanted to drive forward change at a faster pace.  John McFarlane, who was retiring from FirstGroup, was named executive chairman pending the recruitment of a new CEO.

Standard Life Wealth hired Barclays' Andy Brodie as head of operations. Brodie previously worked within Barclays' wealth and investment arm as head of UK and Western Europe and global head of credit operations. Based in London, he replaced Karen Stories, who had been appointed as head of business management. Brodie now manages the firm’s operations and third-party suppliers, reporting to the chief executive, Richard Charnock.

The Financial Conduct Authority appointed industry luminary Jonathan Davidson to the newly-created post of director of supervision – retail and authorisations. Davidson has been a senior advisor to private equity and financial services firms, as well as a member of Jardine Lloyd Thompson’s strategic advisory group. He has experience as chief operating officer for Direct Line and from several roles working for McKinsey & Company including financial services practice leader in Canada, wholesale banking practice leader in Europe and in North America, and global learning leader of McKinsey’s organisation practice.

Quilter Cheviot shook up its leadership team with a flurry of promotions and a newly-created role.

Under the restructure, David Loudon, who joined Quilter Cheviot over 20 years ago, was promoted from head of regions to head of investment management. Replacing Loudon as head of regions was the head of the Liverpool office, Richard Thorn. In his new role, Thorn is responsible for the firm’s 11 regional offices across the UK and in Dublin, Ireland. His appointment saw the Liverpool office’s executive director, Simon Walker, become head of Merseyside.

Meanwhile, investment director Donald Norman was promoted to head of private clients. Executive director Tim Childe, who has been with the firm for over 24 years, steps into the newly-created role of head of international.

Andy McGlone, who also sits on the executive committee, was promoted to head of London.

Lastly, Quilter Cheviot appointed Tim Horrocks, head of the Leicester office, as chairman of its conduct risk and TCF committee.

Fried, Frank, Harris, Shriver & Jacobson, a law firm, appointed Gregg Beechey as a partner within its asset management practice. Beechey, who focuses on alternative investment funds and the EU Alternative Investment Fund Managers Directive, joined from his position as partner at King & Wood Mallesons.

UK wealth manager Bellpenny appointed Nigel Stockton to take the helm as chief executive, replacing Kevin Ronaldson who stepped down in September.

Ronaldson, who has led Bellpenny since its launch in 2012, handed over his role to Stockton and remained with the business as founder director, responsible for working with the board and Ronaldson on strategic planning. He also remains a Bellpenny shareholder and investor.

Stockton, who has been a director of Bellpenny since launch, is currently the financial services director at UK estate agency and property services group Countrywide.

Morgan Stanley Investment Management appointed Daniel Hawkes as head of London discretionary and Channel Islands distribution. He joined the London team from Columbia Threadneedle, where he was discretionary sales manager. He previously worked at Cofunds and Fidelity, according to his LinkedIn profile.

SEI, the US-headquartered financial services company, appointed Andrew Booker as head of sales within its private banking business to help boost its UK presence.

Booker joined from the private bank Brown Brothers Harriman & Co, where he held senior roles in sales, relationship management and strategic planning. Before this, he served as EMEA head of product management at JP Morgan Private Bank.

Allianz Global Investors appointed Iain Cowell as head of solutions for the UK and Ireland. Cowell, based in London, is responsible for the strategic direction of AllianzGI’s solutions business. The role was newly created. Cowell previously served as head of investment affairs at the National Association of Pension Funds, managing director at BNY Mellon and director at Hermes Investment Management.

Coutts & Co reshuffled its leadership team following the sale of its internationally managed private banking and wealth management business to Union Bancaire Privée.

The 10 executives who were named as part of the private banking executive committee will report to Coutts & Co's chief executive, Michael Morley.

Managing directors Dylan Williams, Graham Storrie and Harry Keogh, who were appointed to the UK private bank's management team back in 2011, were named as part of the new committee. Williams was appointed as head of England and Wales, Keogh as head of London and Storrie as head of Scotland. Managing director Camilla Stowell serves as head of international.

Sarah Wyse, appointed to lead marketing and UK business development in 2013, was named head of business development. Meanwhile, general counsel James Clarry now serves as head of credit, capital and transaction management.

Also on the list are Grant Parkinson as chief operating officer, Joe Norburn as head of digital, Stuart Newey as head of banking and Mohammad Kamal Syed as head of financial advice and investment solutions.

Ian Ewart, who served as head of products, services and marketing, was missing from the list. Coutts confirmed Ewart is currently absent from the business and said it is not in a position to comment on this further.

Paul Smith, who led Coutts' regional business across Southern England and Wales, was another absentee from the list. Coutts declined to comment.

Arbuthnot Latham appointed Richard Moore as the head of its North West regional group based in Manchester. He joined the independent banking and wealth management part of Arbuthnot Latham from Brown Shipley, where he held the position of director, private banking.

BMO Global Asset Management hired James Tomlinson as sales director within its UK wholesale team. Tomlinson joined  from Muzinich & Co, where he was associate director for more than a year, in charge of sales to the UK wholesale market. Before this, he spent eight years within Schroders' wholesale team. He is based in London.

Invesco Perpetual, part of New York-listed investment manager Invesco, hired Gareth Dunsmore, Jessica Svantesson and Mark McDonnell within its UK-based fixed interest team. Dunsmore joined as a senior dealer. He previously worked at Santander as a trader, specialising in sterling and euro corporate bonds. Before this, he worked within Paternoster's credit team. Svantesson was appointed as a technology, media and telecoms and infrastructure credit analyst. She joined from Moody’s Investors Service and previously served as an analyst at Bloomberg.

Carmignac added David Older to its ranks as a fund manager, having spent the past 12 years at SAC Capital/Point72 Advisors in New York, most recently as co-sector head of the communications, media, internet and technology group. In his new role, Older works in London, along with Edouard Carmignac – founder of the business - and took charge of the global fund exposure to communications, media, internet and IT. Prior to SAC Capital/Point72, he was an investment banking associate in the communications and media group at Morgan Stanley.

Law firm Seddons hired Toby Hales as partner. Coming from Hogde, Jones & Allen, he adds to the family team at Seddons, which is led by partner Deborah Jeff.

PRAXISIFM, formed out of the recent merger of Guernsey-based Praxis Group and Jersey-based IFM Group, made three senior appointments.

Rebecca Murphy was appointed as group chief finance officer and Andrew Ingrouille as group head of operations. Director Richard Kearsey became managing director of PraxisIFM Trust Limited in Jersey.

Middle East
Middle East Global Advisors hired Sayd Farook as vice chairman and chief executive, replacing David McLean who left earlier this year. Farook joined the Dubai team from Thomson Reuters, where he led the Islamic finance and markets business for over five years as global head of Islamic capital markets.

Americas
CAIS, a financial product platform for wealth managers, brought in Frederick Kauber as managing director and chief technology officer - a new role at the firm.

Kauber will focus on improving advisor engagement, product access and execution, as well as integration with partners within the wealth management community. He will also serve as a member of the firm's executive committee and report to CAIS’s founder and chief executive, Matt Brown. Throughout his career, Kauber has worked at Fortune 500 companies such as IBM, Dun & Bradstreet and First Data Corp, as well as entrepreneurial e-commerce and fintech ventures including Tranzact, Bigfoot Interactive, Solid Group and Entitle Direct.

LJ Group, an international multi-family office, named Rodrigo Mendes as a private client director within the group’s trust and fiduciary division. He will focus on raising the group’s profile within the Iberian Peninsula and Latin America markets.

Mendes is based in the group’s headquarters in London and has worked for more than ten years in the corporate and fiduciary services industry. Prior to working for LJ Group he was a business development director at United International Group’s London office.

BlackRock elected Gordon Nixon, former president, chief executive and director of Royal Bank of Canada, to its board of directors. Nixon, who retired from RBC in August 2014 (and was succeeded by Dave McKay), will join the board on October 6 as an independent director.

US Bank appointed Robert Zellers as a senior portfolio manager and Emily Litznerski as a trust officer in Madison, WI. Zellers was previously a portfolio manager at BMO Private Bank and its predecessor organisations for 30 years. Meanwhile, Foster was an associate in trusts and estates for Whyte Hirschboeck Dudek SC in Madison, and a contract attorney for the private wealth group of Neal, Gerber & Eisenberg in Chicago, IL.

Wilmington Trust hired Mark Fitzgerald as a senior private banker in south-central Pennsylvania, where he will coordinate deposit and lending services in Lancaster, York and Hanover.
Fitzgerald will work with high net worth clients including individuals, families, business owners and executives. He was previously a middle market relationship manager at Citizens Bank and before that a middle market relationship manager at M&T Bank, the parent company of Wilmington Trust.

Merrill Lynch hired three financial advisors: David Munoz in White Plains, NY, from UBS, and Jason Hutton and Steven Gottlieb in NYC, from Barclays. At UBS – which he joined in 2008 – Munoz produced $2 million in annual revenue. At Merrill Lynch, he now reports to Matt Grossman, managing director of the White Plains-Greenwich, CT, market. Hutton and Gottlieb report to managing director Joseph Doonan and serve UHNW clients. They managed around $520 million at Barclays and for nearly two decades have focused on Master Limited Partnerships.

Meanwhile, Merrill Lynch’s private banking and investment group also recruited two private wealth advisors from Barclays.

Jim Ertmann and Ben Foster formed The Ertmann – Foster Group in 2008 and are based in Chicago, IL, serving UHNW clients throughout the Midwest as well as across the US.
The team managed over $800 million in client assets at their former form, representing $5.8 million in production. They now report to PBIG mid-America regional managing director, Brett Thelander.

WE Family Offices hired an international private wealth executive in the shape of Manuel Diaz, who will be based in Miami, FL, and serve families from the US and Latin America.
Diaz started his career as an assistant professor of Latin American studies and then spent 30 years in international private banking at Republic International Bank of New York, where he was president and CEO. He continued as president of HSBC Private Banking Latin America (HSBC bought Republic in 1999) before joining Safra Bank.

New York City-headquartered Snowden Lane Partners, the wealth advisory firm, hired a pair of advisors – Alex Bryer and Keith Mayo – from Merrill Lynch. The Mayo-Bryer Group is based in Snowden Lane’s new Bethesda, MD, office, along with Ryan Perraut, a private wealth advisor, and Heather Talesnick, a client relationship manager. Bryer and Mayo both joined as partners and managing directors of the group, which oversees $240 million in client assets and serves wealthy individuals, families, corporations and philanthropic institutions.

Six former wealth management professionals at Barclays launched Summit Trail Advisors, an investment-focused firm, via Dynasty Financial Partners. Summit Trail Advisors has over $3 billion in client assets and was founded by Jack Petersen, James Cantelupe, Peter Lee, Tom Palecek, David Romhilt and John Scarborough. The firm has offices in New York, Chicago, IL, and San Francisco, CA. Overall, the founding six partners have worked together for over a decade and bring experience from having worked at Barclays Wealth, Lehman Brothers, Goldman Sachs, AllianceBernstein, Morgan Stanley and Cambridge Associates.

Petersen and Romhilt will be based in NYC; Lee will be based in Chicago; Cantelupe will split his time between Chicago and New York City, and Palecek and Scarborough will be based in San Francisco. 

Bob Andres, a former chief investment strategist at Envestnet, along with two partners, established a new RIA called Andres Capital Management. The launch of the firm reunited Andres, Ted Palatucci and Fred Offenberg – all former Merrill Lynch executives and fixed income specialists. They are based in Berwyn, PA, outside of Philadelphia. Andres Capital specialises in managing US fixed income portfolios and providing asset allocation services to institutions, RIAs and high net worth investors.

Tokyo-based Nikko Asset Management bolstered its business development team in the US by promoting Fred DeSerio to senior managing director, head of sales and co-head of the business for the Americas. DeSerio, who is based in New York, joined Nikko Asset Management in January as head of sales in the US. He was previously a managing director at Invesco and has also worked at Segal Advisors, American International Group and Smith Barney. DeSerio said the firm is also looking to widen its footprint in South America, where it has already broadened its institutional business.
The firm recently entered into a distribution arrangement with the Chilean investment advisory firm VolcomCapital, for example. Nikko is initially planning to make its Japanese equity and Asia ex-Japan equity strategies available in Chile.

Christen Douglas joined McDermott Will & Emery's private client group as a partner in New York. Douglas was previously a senior associate at Pillsbury Winthrop Shaw Pittman - also the former firm of McDermott's previous recruit, Ellen Harrison, in Washington, DC. Douglas specialises in trust and estate planning, administration and litigation. She works with individuals and families, as well as individual and corporate fiduciaries in administering trusts and estates.

Massachusetts-based Athena Capital Advisors, an RIA, made two executive promotions. David Lynch was promoted to president of Athena while Melissa Mattison moved up to chief operating officer.
Lynch is managing partner and deputy chief investment officer, a position he will continue to hold. He joined Athena in 2004. Mattison was vice president of strategic solutions at Athena before her promotion. She joined in 2007 from Fidelity Investments.

Lynch succeeded Leonard Lewin as president. Lewin is vice chairman and a member of the board of directors at Athena. He will maintain a "hands-on" role as general counsel and face clients in a senior capacity.

Financial advisor Bob Cordiak re-joined RBC Wealth Management in Dallas, TX. Cordiak previously worked at RBC Wealth Management for 15 years, and re-joined the firm from JP Morgan Securities, where he spent the past six years. He has worked in the industry for 29 years and has $160 million in assets and $1.6 million in production. Registered client associate Emily Selin joined with him.

Merrill Lynch’s Private Banking & Investment Group hired private wealth advisor Will Leven and his three-person team in Houston, TX, from UBS, where they managed $1.3 billion. Leven's team will report to regional managing director Bob Johnson and includes analysts Alora Anderson and Anthony Hoff, as well as client associate Ashlee Kegler.

The chief financial and risk officer at Bank of America since the depths of the financial crisis which threatened a run of bank failures decided to leave the firm, while BoA announced a number of other management changes. Notably, it said that David Darnell, who oversees global wealth and investment management, plans to retire in the fourth quarter of this year. Upon Darnell’s retirement and after the company’s 2015 CCAR submission work is completed, Terry Laughlin will assume responsibilities as leader of GWIM and be appointed vice chairman.

Cantor & Webb, the Miami, FL-based international private client law firm, welcomed Mauricio Rivero to its partnership. Rivero has over 20 years of experience in international tax, business succession planning, probate and trust litigation, US tax compliance and tax controversy work. He spent 10 years working for the IRS as a revenue agent and has worked with wealthy Latin Americans for over 20 years. Of note, Rivero has significant experience in the creation of pre-immigration plans for high net worth foreign individuals seeking to relocate to the US.

The Borgfeldt Group, led by financial advisor Nick Borgfeldt, joined Wells Fargo Advisors in South Hills, PA, from Morgan Stanley.

Borgfeldt previously managed over $176 million in client assets and has 37 years of industry experience. He reports to South Hills branch manager, Troy Baer. Meanwhile, financial advisors Larry Pulliam and Jeff Kerrigan joined Wells Fargo Advisors in Greensboro, NC, from UBS. At UBS, they managed more than $165 million in combined client assets. They have 40 years of combined experience and report to Greensboro complex manager, William Spivey. They joined with Larry’s son, Spencer, who will attend Wells Fargo Advisors’ next-gen training programme in September.

Eric Sanderson joined Bank of the West's wealth management group as head of family office and strategic planning services. Sanderson will report to Steve Prostano, the newly-appointed head of Bank of the West's ultra high net worth business. Based in Denver, CO, Sanderson has spent around two decades advising affluent individuals, multi-generational families and family offices. He has built wealth planning practices for several prominent wealth management firms, both nationally and regionally, and ran a large single family office.

US Bank hired Daniel Wani as a managing director of trust and wealth planning at its high net worth arm, The Private Client Reserve. Wani’s office is based in Scottsdale and he serves the Phoenix, Las Vegas, San Diego and La Jolla, CA, areas. He was previously a senior wealth planning strategist at Wells Fargo.

Evercore Wealth Management appointed Mark McClintock in a newly-created role, as a managing director and portfolio manager in the firm’s Florida office. He will be based in Tampa and report to Art Noderer, partner and portfolio manager at Evercore Wealth Management. McClintock joined Evercore from SunTrust Bank, where he has worked as an investment strategist and as the west Florida regional managing director for the bank’s personal asset management division.

US-based First Republic Bank, which provides services including wealth management, hired Brian Riley as an executive vice president. Riley will lead a growing team of investment professionals at First Republic Investment Management, an SEC-registered investment advisor serving individuals, family offices, companies and non-profit organisations. He will report to Robert Thornton, president of First Republic Private Wealth Management.

Chris Hyzy, chief investment officer of US Trust, took on the additional role of leading Bank of America's newly-created global wealth and investment management chief investment office. The move was part of a reorganisation within Bank of America's global wealth and retirement solutions unit, after Ashvin Chhabra announced in June that he is stepping down as CIO of Merrill Lynch Wealth Management to run a family office.

In other changes, Patricio Diaz – previously chief operating officer of investment management and guidance – has become COO of global wealth and retirement solutions. Diaz took over this role from Stephen Hostetler, who joined BoA's global risk division as strategy, governance and data executive. Meanwhile, head of retirement and personal wealth solutions, David Tyrie, moved to the consumer bank and was replaced by Lorna Sabbia, who spearheaded the development of Merrill Lynch One - the investment advisory platform. Sabbia in turn was replaced by Keith Glenfield, who has worked at Merrill for 20 years and previously led the alternative investments business. Glenfield was replaced by Nancy Fahmy, formerly head of private equity origination and technical sales.

Long Beach, CA-headquartered Halbert Hargrove, a fiduciary investment management and wealth advisory firm, hired Kerry Michael Finn as a regional director in Newport Beach, CA. Prior to joining Halbert Hargrove, Michael was a managing director at Fiduciary Trust Company International, following stints at US Trust Company and AYCO/Goldman Sachs.

Former GenSpring advisors Sheila Stinson and Michael Slud joined Convergent Wealth Advisors as managing directors, in a move expanding the firm's multi-family wealth offering. Stinson will work with ultra high net worth families as well as help with Convergent's wealth education and governance efforts. Meanwhile, Slud will focus on goals-based investment strategies. Both are based in Washington, DC.

Jamie Wells was named as a director of wealth planning at Ascent Private Capital Management’s Center for Wealth Impact in Denver, CO. Wells succeeded Jenna Guenther, who was appointed as a managing director of wealth strategy at Ascent in Denver last month. In her new role, Wells will help clients identify their wealth planning needs and provide guidance in areas such as philanthropy and stewardship, family governance and wealth transfer or business succession issues. She has six years of leadership experience in the financial services industry and previously served as associate director of wealth strategy and family office advisory at Ascent in Denver. Before joining the firm in 2012, she worked in multi-generational family wealth and business planning as an attorney and trust specialist.

Michael Brocker left GenSpring and joined Buckhead Investment Partners as a personal wealth advisor and financial planner. Brocker spent eight years at GenSpring, working on financial planning, tax and estate planning, insurance reviews, trust administration and philanthropic endeavors.

Deutsche Asset & Wealth Management brought in former RBC wealth veteran Francesca Boschini as a director and international wealth planner in New York. Boschini reports to Andrew Gallivan, head of wealth planning services and custody in the Americas, and Felipe Godard, head of wealth management in Latin America. Boschini was latterly a director and head of US and international wealth planning at Royal Bank of Canada, where she led a team of wealth planning and fiduciary specialists in New York, and provided technical assistance to RBC’s trust and wealth management offices globally. From 2007 to 2013, Boschini was a director on the board of RBC’s Delaware Trust Company and, more recently, was a member of the management team advisory council.

Antony Jenkins is leaving the post of chief executive at Barclays because non-executive directors wanted to drive forward change at a faster pace. John McFarlane, who is retiring from FirstGroup, is named executive chairman pending the recruitment of a new CEO and the change takes effect on July 17, subject to approval by the regulator.

JP Morgan is getting a new general counsel in the person of Stacey Friedman, who currently holds that post at the US-listed bank’s corporate and investment bank. She takes the helm early next year from Steve Cutler, who is to be appointed the firm’s vice chairman. The move will make Friedman, who will report to Cutler and act as his deputy for the rest of this year, one of the most senior legal figures in the global banking industry.

KPMG revealed the incoming leaders of its US firm’s audit, tax and advisory businesses, as well as new heads of operations and innovation and enterprise solutions, and other key roles.
The appointments filled positions in the leadership team formed by US chairman and chief executive, Lynne Doughtie, and deputy chairman and chief operating officer, P Scott Ozanus, who started their five-year terms on July 1.

The leaders of the firm’s three primary businesses are: Carl Carande, who succeeds Doughtie as vice chair of advisory; Jeffrey LeSage, who remains as vice chair of tax; and Scott Marcello as vice chair of audit. Laura Newinski has been named as the firm’s vice chair of operations, and Mike Nolan will become vice chair of innovation and enterprise solutions. Meanwhile, the following will continue in their current roles: Sven Holmes as vice chair of legal, risk and regulatory; Rob Arning as vice chair of market development; and Bruce Pfau as vice chair of human resources and communications.

LLBH Private Wealth Management, an RIA which serves ultra high net worth clients, appointed Jeff Byers as an advisor in Los Angeles, CA, to help develop the firm's West Coast presence. Byers was previously a financial advisor and partner within The Drexler Group at Wells Fargo Advisors, where he and his team managed over $300 million in client assets.

CenterSquare Investment Management, an investment boutique of BNY Mellon, appointed Scott Crowe as chief investment strategist – a new role at the firm in which he reports to Todd Briddell, CEO and CIO. Crowe will focus on CenterSquare's listed real estate and infrastructure businesses. He will also work on the firm's research and investment processes, and assist Briddell with investment risk oversight. Past roles held by Crowe include global head of real estate at UBS Equities Research from 2000 to 2007; as a global portfolio manager at Cohen & Steers from 2007 to 2012; and most recently as a managing director and CIO of liquid alternatives at Resource Real Estate.

Steve Shilling was appointed as senior vice president of wealth and asset management at CNB Bank, based in Clearfield, PA. Shilling will lead the wealth management divisions of CNB Bank; ERIEBANK, a division of CNB Bank; and FCBank, a division of CNB Bank. He was most recently senior vice president and market manager at First Niagara Private Client Services and Huntington Wealth Advisors in northwest Pennsylvania. Before that, he held private client roles at firms including National City, Bank of America and Goldman Sachs.

Robert Brown and Timothy Aubin joined Faubourg Private Wealth Advisors, an independent financial advisory firm in Metairie, LA. Founded in March of this year, Faubourg is on LPL's broker-dealer platform and provides fee-based services through Level Four Wealth Management, an independent advisor group on LPL's RIA platform. As of May 31, 2015, Brown and Aubin reported that - based on prior business - they served around $207 million of brokerage and fee-based advisory client assets.

They are former bank-based private client financial advisors, with 30 and seven years of experience, respectively. They joined Faubourg along with a private wealth support associate, and opened a new office in New Orleans. Over the years, the pair have amassed a client base of local oil and gas professionals, as well as small business owners, LPL said.

Investment management giant PIMCO hired John Lane as executive vice president and global chief financial officer of its alternatives platform. Lane will be based in Newport Beach, CA, and will report to Jay Jacobs, managing director and president of PIMCO. He will manage a 20-person global alternatives finance team, with 20 years of sector experience. Lane was previously CFO of private equity and real estate at Apollo Global Management.

Merrill Lynch hired a new advisor team from UBS in Denver, CO. Anthony Chevalier and Vance Whitby joined the Denver Mountain office and report to Jason Edelmann, market executive. At their former firm, UBS, the team produced over $1.5 million in revenues and advised clients with assets of around $193 million during the past year. In its most recent earnings release, Merrill Lynch Wealth Management reported that advisor headcount was up 187 for the quarter, bringing the total to 14,370 – the fifth consecutive quarter of advisor growth.

HighTower established its 14th West Coast practice with the addition of Murray Wealth Management in Seattle, WA. Managing director and partner Michelle Murray leads the team, which manages $200 million in assets and specializes in investment consulting, wealth management, financial planning and retirement planning. Murray began her career in financial services in 1989 with Shearson Lehman/Smith Barney, advancing to senior vice president status. In 1996, she moved from Los Angeles, CA, to Seattle, where she focused on wealth management for families and businesses. She next joined UBS in 2004, where she continued her practice and also worked in branch management.

New York-based Signature Bank added two private client banking teams in Brooklyn and Manhattan. Mohammed Omar Kamil was named group director and senior vice president of a three-person team in Brooklyn that previously worked at JP Morgan Chase. The other team members are Eric Shabat, associate group director and vice president, and Aviram Ohaion, a senior client associate. The second team is led by Avraham Azuolay, group director and senior vice president, and joined from Hudson Valley Bank (which recently merged with Sterling Bancorp.) The five-person team in Manhattan includes: Ronald Sylvestri and Arlene DeBenedictis, associate group directors and vice presidents, and Jenny Panora and Wilfred Rivera, senior client associates.

Berkshire Bank added three to its private banking and wealth management team in New York. Cindy Barford, senior vice president of private banking, joined from KeyBank Private Bank; Mary Ellen Cologero, senior vice president and senior portfolio manager, also joined from KeyBank; and Kevin Smith, vice president and wealth advisor, joined from Trustco Bank.

International Wealth Protection, which serves high net worth individuals and corporations in Latin America, hired Patricia Carral as a senior vice president. Carral has 15 years of experience working with wealthy clients in Latin America, having most recently served as head of private clients at Amicorp in Miami, FL. She has also worked at HSBC International Private Bank.

ACE Group, which is in the process of acquiring Chubb Corporation, named Jim Fults as senior vice president and head of product management and analytics at ACE Private Risk Services, its high net worth personal insurance business. Fults will be responsible for the growth of all lines of insurance offered by ACE Private Risk Services, reporting to James Williamson, division president. Fults first joined ACE as vice president of product management for the auto and umbrella insurance areas of business, coming from Fireman’s Fund’s personal insurance business which ACE acquired on April 1, 2015.

US Trust made four hires over the last month to accommodate growing demand for wealth management services in the following offices. Anuradha Vohra joined in New York as a private client advisor. She previously worked at Citigroup as a managing director and private banker, also in New York. Meanwhile, in Greenwhich, CT, Carolyn Westerberg also started as a private client advisor serving clients in southern Connecticut. She was formerly a financial advisor at JP Morgan Private Bank. Marvin Blakeney joined the Fort Worth, TX, office as a market investment director, having previously worked at Clark, a family office. And lastly, James Dyke was hired in Richmond, VA, as a private client advisor. He was previously a Lieutenant Colonel and the director of logistics training and strategic initiative group for the US Army.

US Bank promoted Liz Deziel to head of private banking in the Twin Cities and appointed Thomas Raisbeck as a trust officer at its Private Client Reserve in Minneapolis, MN. Deziel replaced Jeff Arnold, who retired at the end of June, the bank confirmed. In her new role, Deziel will partner with the regional president, market leaders and banking managing directors to enhance performance in loan and deposit production and revenue growth, as well as support the development of new products and services. She has worked at the firm for ten years and will report to Margaret Paddock, Twin Cities market leader of the PCR, which is US Bank's high net worth arm. In previous roles she oversaw specialized lending, deposit services and Twin Cities team members, as well as working at the US Bank Foundation. Meanwhile, Raisbeck will provide trust and estate services to individuals and families, and manage wealth preservation and distribution for corporations and non-profit organizations.
Previously, he was a general practice attorney with a focus on estate planning and litigation at the law firm Eckberg Lammers Briggs, Wolff, & Vierling.

Gonzalo Acevedo was appointed as a managing director of Bernstein’s Miami, FL, office – a role in which he will lead a team of advisors and be responsible for business growth in the region.
Acevedo was previously a managing director of City National Bank’s private client group and before that a regional manager at HSBC Private Bank. He has over 20 years of experience in the private banking and investment management arenas.

Veris Wealth Partners, the impact investment firm, promoted three of its wealth managers - Alison Pyott, Nicole Dolan and Lori Choi - to partner-level. Choi joined Veris in 2010 and is based in New York City. Previously, Choi was vice president of account management at Markit and assistant vice president and portfolio manager at Bank of Hawaii Private Client Services. Dolan started in 2008 and is based in Portsmouth, NH. Before joining Veris, Dolan was a portfolio manager and assistant vice president within Bank of Hawaii's private client asset management team. Meanwhile, Pyott helped launch Veris' Portsmouth office in 2007, having previously been director of client and shareholder services at Citizens Advisors. Earlier, she was director of community impact at United Way of the Greater Seacoast and held client service and management roles at John Hancock Signature Services.

MarketCounsel, the US business and regulatory compliance consultancy, recruited three securities industry attorneys, bringing to eight the number of senior hires the firm has made so far this year.
Andy Wels joined as chief compliance counsel after spending years as head of legal and compliance affairs at financial services firms including Bloomberg, Cantor Fitzgerald, TD Ameritrade, Dreyfus and JP Morgan Chase. Before his private sector career, he was an enforcement attorney with the SEC and staff attorney with FINRA.

Meanwhile, Rich Chen joined MarketCounsel’s regulatory group with around 12 years of experience working at New York-based financial services-focused law firms including Arnold & Porter, Schulte Roth and K&L Gates. Mark Simmelkjaer, who joined as business counsel, started his career within the corporate finance and securities group of the New York law firm Akin Gump and then became an investment banker before directing the legal affairs of a start-up through its sale.

New York-based Lenox Advisors hired Joshua Lieberman as a managing director to advise high net worth individuals and families, based in Chicago, IL. Lieberman joined from Northwestern Mutual, where he was a wealth management advisor.

Asia-Pacific

Northern Trust named Simon Willcox as its new head of investment risk and analytical services for the Asia-Pacific region. He replaced Andrew Tan who took up a role in Northern Trust's Canada office. Willcox is based in Singapore to lead the delivery of technology, reporting and consulting services for institutional investors and asset managers in the region. Functionally, he reports to Fiona Horsewill, global head of product, investment risk and analytical services, while regionally, he reports to William Mak, head of Asia-Pacific at Northern Trust.

Mario Bassi, global head of business management at the private banking arm of Australia and New Zealand Banking Group, or ANZ, resigned from his post.

Bassi, who took up the role in 2013, is based in Sydney. Prior to holding that role, he was managing director and head of Asia for Solution Providers Management Consulting, a Swiss management consultancy firm. He joined that organisation in July 2010 from Deutsche Bank’s private wealth management arm, where he had held the role of head of strategy, business development, marketing and communications for Asia-Pacific. He started his banking career in 1983 and worked with Vontobel and Credit Suisse, relocating to Singapore in 2001 before recently shifting to Australia, according to his Linkedin profile.

Australia and New Zealand Banking Group appointed Francyn Stuckey as global head of capabilities and client solutions in its transaction banking business, reporting to the managing director for global transaction banking, Carole Berndt. She is based in Hong Kong.

Stuckey joined from Bank of America Merrill Lynch where she was a managing director and global head of strategic solution delivery for global transaction services, based in London. She was also previously director of global transaction services at Citigroup.

Zurich Insurance Group hired Kevin Leong as head of customer, distribution and marketing for its global corporate division in Asia-Pacific. He is based in Singapore in his new role. Leong replaced Reginald Peacock, who is now heading Zurich global corporate in Japan. Leong reports to the chief executive of global corporate in Asia-Pacific, Keith Thomas. Previously, Leong worked at Allianz as chief agent and CEO for global corporate and speciality in Canada. He was responsible for managing all daily operations and identifying growth initiatives with local, regional and global stakeholders. Prior to that, he was CEO for Allianz global corporate and speciality in Singapore.

Vistra Group, the global corporate service provider for trust, fiduciary and other services, said Jane Pearce joined its Jersey office as managing director. She replaced Chris Burton, who moved to Vistra’s Singapore office as managing director after holding the reins in Jersey for five years.

Pearce leads the corporate, fund administration and private client trust business on the island in her new role. Before joining Vistra, she worked with the States of Jersey Chief Ministers Department as part of a team consulting on the proposed changes to Jersey’s regulatory environment for the funds industry.

Manulife (Singapore), part of Canada-based Manulife, appointed a chief product officer and chief marketing officer. Carlos Vazquez is chief product officer of Manulife Singapore. In his role, Vazquez oversees product management and pricing. He has 20 years of global experience, having lived and worked in six different countries, and is a 10-year veteran of Manulife.

Vazquez has held senior roles in the fields of product development, pricing and risk management. Prior to joining Manulife Singapore, he was the chief product officer for Manulife Indonesia, where he led the launch of many product innovations for the market.

Wendy Walker will serve as chief marketing officer and oversee marketing, branding, customer centricity, communications and analytics at Manulife Singapore. She has more than 20 years of experience across a variety of industries, including telecommunications, healthcare and travel. Prior to joining Manulife Singapore, Walker was the chief growth officer – Asia-Pacific at Mindshare, with overall responsibility for all marketing communications and new business development across the Asia-Pacific region.

Nomura appointed Shengbo Tang as head of Hong Kong and China insurance and non-bank financials research. Tang joined from CICC where he held a similar role for the last five years. Before this, he worked as an insurance analyst at Everbright Securities and as an actuarial manager at China Taiping Insurance Company.

In his new role, Tang is based in Hong Kong, reporting to the bank's head of China equity research, Wendy Liu.

Northern Trust appointed its Australia and New Zealand country head, Rohan Singh, to lead Singapore and South East Asia regions. Singh took on responsibilities previously held by the company's head of Asia-Pacific region, William Mak. He returned to Singapore, having previously been based there as Northern Trust's head of asset servicing sales for Asia-Pacific, to drive the asset servicing and asset management business across South East Asia.

Replacing Singh as head of Australia and New Zealand was Madeleine Senior, who most recently served as the company's head of business development for its asset servicing business in Europe, Middle East and Africa.

One of the most prominent figures in emerging market investing, Dr Mark Mobius, stepped down as the lead portfolio manager of the Templeton Emerging Markets Investment Trust (TEMIT), which is listed on London and New Zealand stock exchanges. Dr Mobius was succeeded by Carlos Hardenberg; Dr Mobius will remain as a portfolio manager when Hardenberg takes up the post on 1 October 2015.

Hardenberg had been senior vice president and managing director of Templeton Emerging Markets Group and relocated to London with his new responsibilities.

PricewaterhouseCoopers named Raymund Chao as its chairman of Greater China. He also joined the global consultancy and accountancy firm’s global network leadership team as one of five partners and its sole Asian representative. Prior to Chao's new role, he was PwC’s assurance leader for China and the Asia-Pacific region. He was also one of the core members of the PwC global assurance executive team, which determines the strategy and direction for the firm’s assurance business on a global basis.

Credit Suisse appointed Selina Sia as head of Greater China equity research for the firm’s private banking and wealth management arm. She is based in Hong Kong.

Sia brings with her over 20 years of experience in Hong Kong and China equity research. She began her research career with Jardine Fleming in 1994 and has most recently worked with Mirae Asset Securities (HK), where she was the head of regional consumer research.

Chung Shaw Bee, who stepped down as regional head for wealth management in the ASEAN region at Standard Chartered, was replaced by Sumeet Bhambri. Chung Shaw Bee had held the role since December 2013; the bank said she was leaving for personal reasons and had decided to pursue other opportunities outside Standard Chartered. Bhambri was previously head of wealth management for the Middle East, North Africa, Afghanistan, Pakistan and Europe regions.

In his new role, Bhambri is based in Singapore, reporting to Judy Hsu, group head, wealth management.

UBS appointed Markus Egloff as head of wealth management distribution in Asia-Pacific and its Hong Kong/Singapore wholesale business for the bank’s asset management arm. Egloff joined UBS’s wealth arm in Asia in 2006 as a sales manager; he later headed the sales management team in the region before becoming chief of staff for wealth management in Hong Kong.

As a consequence of this move, Alice Page took over this chief of staff role and is head of the Hong Kong high net worth "competence centre" at the firm, reporting to Amy Lo, chief executive for UBS Wealth Management in Asia. Page joined UBS in Hong Kong in 2006 in the strategic analysis and business development team. Later, she moved to the UBS Business University before joining the ultra high net worth business in 2010 to lead the client development team. Page spent the past two years as desk head for the Philippines.

Global risk advisor and insurance broker Willis Group, which also offers private client services, appointed David Chan and Cedric Luah within its Singapore team. Chan was appointed as Asia head of affinity and small and medium-sized enterprises. He leads affinity marketing, which focuses on relationships with retailers, employers and other organisations, while driving growth in the SME space. Chan joined from JLT where he was managing director of the firm’s affinity and SME division for Asia.

Luah joined as Asia head of human capital and benefits. He previously served as director for client development at AIA Group in Hong Kong. There, he worked within the corporate clients segment and the multinational pooling business.

Doug Guzman, managing director and head of global investment banking of RBC Capital Markets, was appointed as group head of wealth management and insurance, effective 1 November, 2015. Guzman succeeds George Lewis, who stayed at RBC as a senior portfolio manager within global asset management.

Guzman reports to Dave McKay, RBC's president and CEO, and became a member of the firm's group executive, which sets the overall strategic direction of the bank.

Chen Hsiou-Ling, head of private banking in Taiwan for Citigroup, retired from the post. Her role was filled by Rudolf Hitsch, Citi Private Bank’s China general market manager.

Gabriel Chan, the head of greater China in Singapore for JP Morgan’s private wealth management business, left the US bank. Chan, who held the role of managing director, worked at JP Morgan since joining from DBS in 2011.

M&G Investments appointed Jeik Sohn as an investment specialist to boost its proposition to Asia clients. He reports to Andrew Hendry, managing director for Asia.

Sohn joined M&G in 2009, working with M&G's multi asset team in London.