7 November 2011
Here, the significant moves in the North American wealth management market for October are summarized.
4 October 2011
US Trust, part of Bank of America's Global Wealth and Investment Management unit, has appointed Raymond Piacentini as Northeast managing director. Piacentini is a veteran in the wealth management industry and most recently served as managing director for private banking at JP Morgan Chase . Prior to that, he held senior positions at several wealth firms including Donaldson, Lufkin & Jenrette, Smith Barney and the Private Bank at The Bank of New York.
5 December 2008
US Trust, Bank of America Private Wealth Management has confirmed to WealthBriefing its new head to replace the outgoing president, as the firm’s parent continues with its $50 billion takeover of Merrill Lynch, due to be completed by the end of this year. A Bank of America spokesman said that Keith Banks, president of Bank of America’s Global Wealth & Investment Management division, will assume day-to-day leadership of US Trust, effective immediately, taking over from Frances Aldrich Sevilla-Sacasa, US Trust president, who is leaving the firm . Ms Sevilla-Sacasa is leaving to “pursue other opportunities,” a spokesman for the company said, but he did not elaborate on her plans.
5 December 2008
Departure "part of an on-going process" of integration of BoA and Merrill. Frances Aldrich Sevilla-Sacasa has resigned from her position as CEO of U . S.
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
19 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013