7 November 2011
Here, the significant moves in the North American wealth management market for October are summarized.
4 November 2011
Bank of America Merrill Lynch has hired two senior executives for its US Trust wealth management office at Menlo Park. Robert Kamme is now a senior vice president while Jeffrey Quijano takes the role of senior trust officer . Kamme was previously the managing director for institutional equity sales at Morgan Stanley.
4 November 2011
Perspecta Trust, the New Hampshire-based trust and wealth management firm, saw its fiduciary assets under supervision cross the $1 billion mark at the end of October, representing a fourfold increase from 2010, and has expanded its management team with three hires. The firm attributed a large part of the rise in assets to changes made in the state's trust system over the past seven years, which have made the area more attractive to investors . Since 2006, the number of chartered trust firms in New Hampshire has doubled, the company said in a statement.
28 October 2011
Barclays Wealth has hired six investment representatives at offices across the US and more appointments are set to follow by the year-end, the firm, part of UK-listed banking group Barclays, said today. The hires are for Barclays Wealth’s offices in Boston, New York, Dallas and Miami . “With a robust hiring pipeline, we look forward to welcoming several more professionals to the firm by year-end,” said Mitch Cox, head of Barclays Wealth Americas, and head of research and investments globally for the firm.
17 October 2011
Citi Private Bank has added three senior bankers to its Phoenix office, the Phoenix Business Journal reports. Effective November, Michelle DeJean Schechner will join the company as managing director and private banker, while Christopher Klecka and Jessie Hall joined as director, private banker and vice president, banker associate respectively in September . All three report directly to Hale Behzadi, the head of Southern California and Arizona for Citi Private Bank.
13 October 2011
First Foundation Advisors, investment management and trust firm, has named veteran wealth manager Grant Withers as managing director. Withers was previously a private client advisor for US Trust and a financial advisor for Bernstein Global Wealth Management in Los Angeles . In this new role, he will be working with high net worth individuals, families and their professional advisory teams.
7 October 2011
First Foundation Bank, the Irvine, CA-based investment and wealth planning firm, appointed Stuart Bailey as vice president and private banker. Bailey most recently served as regional president for Sunrise Bank in Palm Desert, CA . Manulife Asset Management named Jacqui Allard as president of its Canadian operations.
5 October 2011
Los Angeles-headquartered City National Bank has hired Paul DeLauro as a senior vice president and manager of tax and financial planning. He will report to Richard Gershen, executive vice president and director of the bank's wealth management division . DeLauro joins from US Trust Bank of America Private Wealth Management in Seattle, where he was a senior vice president and regional trust executive.
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.
26 September 2011
Cary Street Partners, the Virginia-based wealth management and investment banking firm, has appointed William Akmentins as director of research. Akmentins was previously the director of public investments at Southern Methodist University where he managed the school's $1 . 2 billion endowment.
News and Features
Comment and Analysis
Zürcher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to US authorities as part of a deferred prosecution agreement for its alleged role in helping US citizens evade taxes, media reports said.
24 May 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