People Moves
Daily News Analysis
Executive Departure At Citi Triggers Reshuffle; New CEO Of Private Bank
22 May 2013
Jane Fraser, who has been chief executive of Citigroup’s private bank for the past four years, is to be replaced by Mark Mason as Fraser takes up the post as new head of the US bank’s mortgage business. The current CitiMortgage CEO, Sanjiv Das, plans to leave the bank to “pursue other opportunities,” according to the wording of an internal memo . The move was announced by Citigroup CEO Michael Corbat.
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Fremont Bank Names New Vice President Of Wealth Management
22 May 2013
California-based Fremont Bank has appointed Oscar Harrison as vice president of wealth management services. Harrison, who has 14 years of experience in the financial sector, has held a number of positions at firms including Merrill Lynch, Morgan Stanley and Banc of America Investments . As well as leading the bank's team of wealth management advisors, in his new role, Harrison will be responsible for the development of a full spectrum of products and services that will be available to banking clients.
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RBC Wealth Management Ramps Up Pittsburgh Office
22 May 2013
RBC Wealth Management has added financial advisor Patrick Tobin to its Pittsburgh, PA, office. Tobin, who joins from Morgan Stanley Smith Barney, has around $65 million in assets under management and has been in the industry for 25 years . He has been appointed first vice president as well as senior portfolio manager-portfolio focus.
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New CEO Takes Over At National Financial Partners
21 May 2013
National Financial Partners, which provides insurance and wealth management services, has appointed a new chief executive in the shape of Douglas Hammond. Hammond, who has been the firm’s president and chief operating officer until now, replaces Jessica Bibliowicz . Hammond has served as COO since 2008, and was named president in 2012.
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HighTower Eyes More Expansion With Financing Round, Hires
21 May 2013
HighTower, the advisor-owned firm, has expanded its partnership development team with two hires, along with completing a round of financing for growth. Thomas Brown and Frank Epinger have joined the firm as executive directors and relationship managers for the East and West coasts respectively . Brown, who is based in New York, co-founded Black Valley Consulting, a coaching and consulting firm for advisors.
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Features
Gresham Hires Head To Lead Growth; Targets "Top One-Tenth Of The 1 Per Cent"
7 May 2012
As liquidity and wealth creation has slowed down, Gresham Partners wanted to tackle the issue of sustainable growth for the next five to ten years.
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Heavy Hitters Huddle In New York For Tiburon CEO Summit
18 April 2012
How will the financial services industry divvy up the $28.6 trillion Americans currently have in investable assets? If you are a heavy hitter in the wealth management business, you were probably at the latest Tiburon CEO Summit at the Ritz-Carlton at Battery Park in New York City to find out.
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North America Executive Moves Round-Up December 2011
4 January 2012
A round-up of the key moves in the North American wealth management industry for December 2011.
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North America Executive Moves: October 2011
7 November 2011
Here, the significant moves in the North American wealth management market for October are summarized.
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Executive Moves: Americas April 2011
9 May 2011
A round-up of the North American industry moves for April 2011.
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News and Features
Latest News
South Carolina Bank Inks Deals To Upgrade Wealth Management Offering
UK’s Aberdeen Confirms Commitment To US With Acquisition
Executive Departure At Citi Triggers Reshuffle; New CEO Of Private Bank
FINRA Fines LPL Over Email System Failures
Fremont Bank Names New Vice President Of Wealth Management
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
BNY Mellon Lays Out Big Hiring Plans For Wealth Management
BNY Mellon Wealth Management is planning to double the size of its global sales force, as well as adding a raft of private bankers.
Harriet Davies
22 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
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.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
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.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
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.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
