Global Wealth Management People Moves June 2019

News Team, 01/07/2019

West Lancashire IFA Acumen Financial Partnership has appointed Helen Whiting as a senior adviser covering the Merseyside region. Ms Whiting joined Lloyds Banking Group in 2000 and then later worked for wealth management firms FMG in Liverpool and Gee & Watson in Wirral. She will specialise in pensions and investments and will manage and help grow Acumen’s client base across Merseyside.

The parent of Arbuthnot Latham has appointed corporate lawyer Nigel Boardman as a non-executive director. Mr Boardman joins Arbuthnot Banking Group with immediate effect. The company’s principal subsidiary is 186-year-old private bank Arbuthnot Latham, its other asset being a 15.5 percent shareholding in Secure Trust Bank. Mr Boardman, 68, was a partner of Slaughter and May from 1982 until his retirement from the partnership on 30 April this year.

UK wealth management group Artorius has appointed Steve Brandreth as senior client partner. He has joined the firm with the aim of establishing a Midlands office. He will work with client manager Paul Hutchinson.

Former Pictet and Goldman salesman Paul Gaston has taken on the position of commercial director at AssetQ. AssetQ, owned by SigMacity, is a depository of fund due diligence information. Mr Gaston will work with IFAs and investment managers to build the business. Mr Gaston has over 30 years’ financial services experience, most recently he worked as a consultant for a French asset management company developing their UK infrastructure. He was formerly head of UK sales for Pictet and also held senior roles at Goldman Sachs and Fidelity.

Avaloq has appointed Mathias Schütz as Switzerland and the Principality of Liechtenstein and chief executive of Avaloq Sourcing (Switzerland & Liechtenstein) AG, the Swiss service centre for the Avaloq Group, effective mid-August. The firm has also appointed Marc Stähli as global head of sales.

Former Julius Baer banker Ali Jamal is setting up a new wealth boutique in Monaco focused on the ultra-high net worth market. Mr Jamal is launching his new boutique, Azura, having worked for Julius Baer for nearly six years, most recently as managing director and head of key clients emerging markets in Monaco. He formerly held an executive director role at Credit Suisse.

BMO Wealth Management has appointed Shannon Kennedy as its global head of BMO Family Office. Under Ms Kennedy's leadership BMO Family Office, the newly-rebranded ultra high net worth division, will continue advising ultra-affluent families across North America. She will lead the global build out of BMO Family Office with a team of more than 200 professionals.

Private client investment manager Bordier UK has appointed a new partnership development manager in conjunction with the launch of a passive managed service. George Moorey-Denham has joined the firm as intermediary partnership development manager. He previously worked for UBS Wealth Management, where he spent seven years in the strategic partnership team.

Brewin Dolphin has promoted Menna Cule to head of its Birmingham and Oxford offices. She replaces Adam Wilkins, who is stepping down from the role after nearly five years to focus on managing investments for his clients. He will continue to be a divisional director of investment management. Ms Cule joined Brewin Dolphin in 2016 as head of regulated advice and performance. She is a qualified financial planner and previously held senior roles at Towry, Ashcourt Rowan and Lloyds TSB.

Brewin Dolphin have added two more to its wealth team in the West End. Amy Pethers joins the team as wealth adviser, having worked previously at Kleinwort Hambros and Butterfield Private Bank. Emma Lundy joins from St James’s Place as a wealth executive. The appointments mark the continued expansion of the team at Brewin’s 8 Waterloo Place office, focused on the 1762 proposition, which looks after clients with complex wealth planning needs.

Brown Shipley, the UK arm of KBL European Private Bankers, has recruited Rory Tapner, a former chief executive of Coutts Group, as its chairman. Mr Tapner, who assumed his new position on 10 June succeeded David Rough. Mr Rough will, however, remain a director of the bank until August to facilitate a smooth handover of responsibilities.

London-based Cazenove Capital Management has confirmed to thewealthnet that Glenn Dawson, Simon Mackie, Alasdair Ogilvy and Spencer Woolley, have all joined the firm from Lloyds Private Banking Mayfair. Mr Dawson, Mr Ogilvy and Mr Woolley join as portfolio directors. Mr Mackie joins as a wealth planning director.

Investment partnership Cerno Capital has appointed Edward Bonsor as a private client director in a bid to strengthen its service offering to individuals and families. In his new role, Mr Bonsor will be responsible for expanding the company's investor base focussing on entrepreneurs and wealthy families.

Charles Stanley has opened a new office on Waterloo Street, Glasgow. The new office should complement the firm’s Edinburgh and Aberdeen teams and increases its number of offices around the UK to 26. It will be led up by Kris Barclay, branch manager, who is moving from Charles Stanley’s Edinburgh office where he has worked for nearly six years.

Charles Stanley has appointed Matthew Keen as intermediary sales manager covering the South East, as part of the firm’s strategy to grow its intermediary sales network. In this role, Mr Keen will be responsible for sourcing new discretionary portfolios from professional intermediaries across the South East, as well as delivering client service and relationship management to strategic partners. He will report to Steve Hill, head of intermediary sales.

Charles Stanley has named its new heads of investment management services, succeeding Gary Teper who left the firm in May amid its restructure. A spokesperson for Charles Stanley said Mr Teper’s role, head of investment management, was being split into “two specialist roles”, which now which now incorporates private client investment management and asset management. Peter Kelk, previously chief risk officer, takes the first of these roles and becomes managing director of investment management services – business management.

A woman who once ran a top fashion house has just been appointed the region head for North America at Citi Private Bank. Ida Liu was the head of the Vivienne Tam, an Asian focused fashion concern, before joining Citi.

Close Brothers Asset Management has hired Samuel Taylor as an investment manager in its West End office. Mr Taylor joins the firm from Smith and Williamson, where he was an associate director for five years. He is also a Chartered Financial Adviser.

Credit Suisse has appointed Patsy Sciutto Doerr as global head of diversity and inclusion (D&I). She joined on 24 June from Thomson Reuters, where she was global head of corporate responsibility, sustainability and inclusion. Ms Doerr re-joins Credit Suisse having worked at the bank from 2001 until 2011, first in leadership development in New York then for five years as head of talent development Asia Pacific in Hong Kong. Ms Doerr will join the HR executive committee and report both to Antoinette Poschung, global head of human resources, and Sigi Hoenle, head of recruitment, development and diversity.

Deutsche Bank Wealth Management has hired Angel Chen and Donald Taylor as managing directors and relationship managers in Los Angeles. The firm hopes these hires will strengthen its ultra high net worth offering in the region. Both will report to Michael Rogers, who joined this month from Merrill Lynch Private Banking and Investment Group as the West Coast head of Deutsche Bank Wealth Management Americas.

Deutsche Bank Wealth Management has hired two new managing directors from Credit Suisse. Piers Harris and Roddy Boulton will both become client adviser managing directors, reporting to Raffaello Nemni, head of coverage and client acquisition at Deutsche Bank Wealth Management UK. Mr Harris was most recently a senior relationship manager in the ultra high net worth team at Credit Suisse, a role he had held since 2013. Prior to this he held senior positions at Morgan Stanley and UBS Wealth Management.

EFG International has opened an advisory branch of its Luxembourg entity in Lisbon, Portugal. Following the granting of regulatory approvals, EFG expects the office to be fully operational by September 2019. It has appointed Pedro Rego as head of the new branch. Previously he held several managerial positions at BNP Paribas and Credit Lyonnais Portugal. Since 2011, he has worked as an independent asset manager, managing financial, corporate and real estate assets.

EFG International has appointed Angela Bow as deputy head of Asia Pacific, effective 1 June 2019. Following the firm’s recent acquisition of a majority stake in Australia-based Shaw and Partners, EFG said this hire further demonstrates its commitment to the region. Based in Hong Kong, Ms Bow will work with the existing management team to drive EFG’s private banking growth ambitions and will focus on improving the overall client experience in investment solutions and wealth solutions.

EQ Investors, a London-based boutique wealth management firm, has appointed Naomi Friend as a client director. Her responsibilities will include promoting EQ’s DFM service to IFA networks and developing new business opportunities for investment mandates within the institutional sector.

The FCA has appointed Baroness Zahida Manzoor CBE as chair of the Financial Ombudsman Service, effective 2 August 2019. Her appointment also has the HM Treasury’s approval. She succeeds Sir Nicholas Montagu who is stepping down after over seven years in the post.

Private client private equity investment house Growthdeck has launched a new business line focussed on the acquisition of UK commercial property. The firm, which serves high net worth investors, has appointed Xavier Pullen as chairman of Growthdeck Property. He was co-founder and managing director of Capital & Regional, where he worked for over 30 years, helping to grow net assets from £7 million in 1986 to over £700 million when he left in 2013.

Hargreaves Lansdown has appointed Dan Olley as an independent non-executive director. He will join the board and become a member of the risk committee. Mr Olley is a technology professional and has driven digital transformations in established businesses, including financial services, insurance, business information solutions, research and healthcare, Hrgreaves Lansdown said. He is currently executive vice president and chief technology officer at Elsevier, where he has worked for over 14 years.

Investec Private Bank has appointed Brendan Stewart as managing director for the Channel...

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