10.
A senior executive at JP Morgan Private Bank has departed, thewealthnet revealed.
Elena Griffin, who formerly headed the Russian and EMEA emerging markets within JP Morgan Private Bank, has left after more than 11 years. She joined from BNP Paribas in 2008. (Alex Newlove)
9.
Every black cloud has a silver lining and the Covid-19 pandemic may be no exception in this respect, especially to advocates of greater wealth equality, writes Ian Orton.
Eddie Clarke, Brewin Dolphin's Ireland head
8.
Brewin Dolphin completed the migration of the former-Investec Ireland wealth business onto its own platform, as the branch’s new chief executive assumed his role.
Brewin Dolphin first announced the acquisition of the wealth management arm of Investec Ireland in May 2019, in a deal worth €44 million.
7.
UK-headquartered wealth manager Kingswood made further inroads into the US market, with two deals that will mean it is represented by 180 advisers there.
6.
Kleinwort Hambros, C Hoare & Co, and HSBC Private Bank are among the top UK private wealth sector performers in terms of recruiting and promoting women into senior positions, according to the latest gender pay gap figures. (Alex Newlove).
5.
How good to see that Investec is embarking on a thorough-going makeover of its private bank. It must be hoped that this will turn it into an a la mode star of the wealth catwalk, writes Freddie Pooter in Diary of a Private Banker.
Rupert Allison
4.
Weatherbys Private Bank has made two more senior hires – one of them a private banker from Barclays Private Bank. Rupert Allison joins as an associate director and team head, having worked for Barclays for over eight years, latterly as a director focused on a high-net worth client base.
3.
The definition of a commercial family or private investment office, i.e. one that is open to external clients, seems to be very subjective. It often seems to be a case of cogito ergo est, writes Ian Orton in ‘The UK private investment office that ticks all the right boxes’.
2.
Former Close Brothers Asset Management chief investment officer (CIO) and investment head Nancy Curtin has been appointed as CIO of Alvarium Investments. Alvarium, an advisory, investment management firm and multi-family office formerly known as LJ Partnership, has made Ms Curtin CIO as well as partner and head of investment advisory.
1.
Given the problems associated with defining commercial family and/or private offices, sizing them is probably a mission impossible. Each firm that either uses the moniker to describe its activities or is perceived to be a commercial family or private office seems to be different from its nominal peers, writes Ian Orton in ‘Is this the UK’s biggest family office?’
