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Summary Of Executive Moves In North America Wealth Management - May 2018

Editorial Staff, July 25, 2020

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As this article shows, May was a busy month for hires and moves in the North America wealth management sector.

North America moves for May 2018.

Merrill Lync dismissed Elias Dau, who was in charge of two offices in its Newport Beach, California. Dau oversaw the southern California offices from March 2014 and worked at Merrill for about 14 years. He began his career as a financial advisor with Equitable Life and its AXA Advisors unit in 1997. The firm declined to comment on specific circumstances of the departure.

Raymond James hired financial advisors Dean Dancer, T J Goelz, Steven Grossman and Joe Malave to Raymond James & Associates  – the firm’s traditional employee broker/dealer – in Sarasota, Florida. The advisors operate as the Palm Avenue Wealth Advisory Group of Raymond James, and join from UBS, where they previously managed more than $480 million in client assets.

Joining the advisors was Pamela Miller, senior registered client service associate, and Blake Caldwell, registered client service associate.

Dancer, senior vice president of investments, and co-founder of Palm Avenue Group, has been in the industry for more than 19 years. Prior to joining Raymond James, he served as a senior vice president, wealth management, and financial advisor with UBS and Smith Barney. Goelz began his financial services career in 1993 at Barnett Bank, where he became a branch manager and later, a complex manager. He became a senior vice president and financial advisor with Smith Barney, where he and Dancer first became partners, before joining UBS.

Grossman, vice president of investments, began his financial services career in 1999 after a career as a therapist. Before joining Raymond James, he served as a vice president, wealth management, and financial advisor with UBS and a second vice president and financial advisor with Smith Barney. Malave, vice president of investments, has more than 24 years of financial services industry experience. Prior to Raymond James, he served as a financial advisor with UBS and NFP Securities.

SunTrust Private Wealth Management hired a four-member brokerage team at its regional headquarters in Charleston, South Carolina. The team is led by private financial advisors Jeff Pratt and Bryan Kazley. Another member is investment associate Andy Stroer and investment associate Whitney Dieter. They joined from Wells Fargo.

Bernstein Private Wealth Management, a unit of AllianceBernstein, appointed Daniel Eagan as senior vice president and managing director to lead its private wealth practice in San Francisco. Eagan has had a 20-year career at AllianceBernstein. Prior to rejoining Bernstein in 2018, Eagan was a director in the portfolio management group of Hirtle Callaghan. In addition, William Grayson was promoted to national director of family offices in the San Francisco office. Grayson joined Bernstein nearly a decade ago. Prior to Bernstein, he was the president of a SEC-registered investment advisor and hedge fund firm, and before that, vice president at JP Morgan & Co. and Montgomery Securities.

Rockefeller Capital Management appointed Andrea Jung to its board of directors.
Jung is chief executive of Grameen America, a microfinance organization in the US. She is the former chairman and CEO of Avon, roles she held from 2001-2012 and 1999-2012 respectively. Jung also serves on the boards of Apple and Unilever. She was previously a director of General Electric and a supervisory board member of Daimler AG.

Global asset manager Eaton Vance appointed Ingrid Jacobs as chief diversity officer.  Based in Boston, Jacobs leads Eaton Vance's strategy to improve its efforts to attract, develop and retain a diverse workforce. She was previously at Raytheon Corporation, where she was head of corporate diversity and inclusion. She was previously global head of diversity and inclusion at Whirlpool Corporation and associated with Fifth Third Bank and General Electric.

BlackRock appointed Venu Krishnamurthy as the head of its new digital wealth unit. He joined from Citi, where he was the US head of Citigold and Citi priority client segments, as well as Citi personal wealth management.

Silicon Valley-based digital wealth management firm Personal Capital appointed Allison Amadia as general counsel. In her new role, she oversees Personal Capital’s legal and compliance functions and serve as corporate secretary. Amadia has more than 25 years of legal experience. Prior to joining Personal Capital, Amadia served as general counsel, chief compliance officer and corporate secretary at a privately-held cloud-based financial technology provider.

Foresight Wealth Management, a Utah-based firm, appointed Chris Light serving as a partner and wealth advisor. Previously, Light served as senior vice president and wealth advisor for Lefavi Wealth Management for 13 years.

EisnerAmper has appointed Chip Niculae as a director in the international tax services group, specializing in international taxation and cross-border transactions. He has more than 13 years of experience in inbound and outbound tax structuring, cross-border transactions, M&A, entity formation, global reorganizations, debt financing and restructuring, and liquidations. He has held positions with a national tax practice and with the NY ITS Core Practice at a Big Four firm.

Los Angeles-based Saban Real Estate appointed Scott Anderson as managing director of asset management. He is based in Los Angeles and reports to Philip Han, executive vice president and chief investment officer. Prior to SRE, Anderson was at American Realty Advisors, where he served as EVP, portfolio management. He previously held positions at TIAA-CREF Global Real Estate, Fannie Mae, and KPMG.

Bernstein Private Wealth Management appointed Tiffany Kent as vice president and financial advisor of its Atlanta office. Prior to joining Bernstein, Kent served as an analyst and vice president at Friedberg Investment Management.

BMO Wealth Management US appointed Lynne Shapiro Smith as chief operating officer of BMO Harris Financial Advisors. She is based in Chicago. Smith reports to Wallace Harris, president of BMO Harris Financial Advisors, Before joining BMO, Smith worked at Voya Financial as the head of strategy for its wealth management business.

Connecticut-based Procyon Partners named Antonio Rodrigues as senior portfolio manager, Antonio Rodrigues, who previously managed $300 million in client assets. Prior to joining Procyon, he was a senior portfolio manager for Olson Mobeck Investment Advisors and People’s United Advisors.

RBC Wealth Management hired Weissman & Dion Wealth Management Group to its West Palm Beach office. The Weissman & Dion Wealth Management Group is comprised of Gary Weissman, managing director – financial advisor, who has 29 years of industry experience, Eric Dion, first vice president – financial advisor, who has 33 year of experience, Andrea Dellisanti, registered client associate, Peggy Eagles, senior registered client associate and Jonathan Gomez, senior financial associate.

International wealth manager Baird appointed six financial advisors and two associate financial advisors to its private wealth management business in Ann Arbor, Michigan, and Edina, Minnesota. The Mathey-Mirabella Group joined the Ann Arbor office, and includes financial advisors John Mathey, managing director, and Dan Mirabella, managing director. Mirabella also serves as branch manager. The Olson Bellfi Pham Group also joined the Ann Arbor office, and includes Karla Olson-Bellfi, managing director, and Thai-Vi Pham, vice president, and associate financial advisor Omer Bellfi, vice president.

The firm hired the McCrea Burns Group to its Edina office. It includes Dobbin McCrea, Jr, director, and Cassidy Burns, vice president, and associate financial advisor Kevin Rollwagen.

CIBC FirstCaribbean appointed Fernando Cugliari as private wealth investment advisor. Cugliari previously worked as an international investment advisor with Scotia Private Group in Toronto, Canada, and most recently with RBC Dominion Securities in the Cayman Islands.

California-based EP Wealth Advisors, an independent registered investment advisor, appointed Chad Sinclair, as chief financial officer, and promoted Ryan Serrecchia to executive vice president and partner. Sinclair joined EP Wealth from Deloitte & Touche, where he was a manager in the mergers and acquisitions advisory division.

Fiduciary Trust Company, a wealth advisor and investment management firm for high net worth individuals and nonprofits, appointed Hans Olsen as its chief investment officer. Prior to this, he was at Stifel Nicolaus, where he was global head of investment strategy for its wealth management unit and CIO of its Delaware Trust Company.

SignatureFD, the financial advisory firm, has recruited Jordan Hutchison as an advisor. Prior to this role, he looked after high net worth and multi-generational families as well as designed investment strategies for institutional investors and individuals.

The firm said Hutchison is experienced in the field of behavioral finance; he earned his bachelor’s degree in psychology from the University of Montevallo and a master’s degree in financial planning and counseling from the University of Alabama. Recently Hutchison completed Executive Education from the Wharton School at the University of Pennsylvania. He is currently pursuing a doctorate in management from Saint Leo University with a research emphasis in the academic of choice architecture and decision making.

BlackRock appointed Francisco Rosemberg as a director in its office in Santiago, Chile. Rosenberg previously worked at Schroders, where he was head of intermediary distribution for Latin America.

Bernstein Private Wealth Management appointed Tiffany S Kent has joined as vice president and financial advisor in its the Atlanta office. Prior to this, Kent served as an analyst and vice president at Friedberg Investment Management, an investment advisor firm, where she was responsible for constructing client portfolios.

Law firm BakerHostetler appointed Jonathan Forster and Rebecca Manicone join as partners in its private wealth team. They will be based in Washington, DC. Both Forster and Manicone join the firm from Greenberg Traurig. Forster will serve as the private wealth practice team coordinator for the Northeast market.

Vontobel Asset Management appointed Thomas Wittwer as chief executive of its US platform, Quality Growth Boutique. Wittwer replaced Dr Philipp Hensler, who served as CEO since 2014. Hensler decided to leave the firm to pursue other opportunities. The new CEO has around 30 years’ experience in the sector. Charles Falck, who served as chief operating officer of Vontobel Asset Management US, since 2013, took on the expanded role of global COO of Vontobel Asset Management, supporting all boutiques and regions.

BNY Mellon Wealth Management appointed Stephen Colella as a wealth director in Boston, Massachusetts. Colella reports to managing director, Pamela Murray. Before this role, Colella was at DiCicco, Gulman, & Company as a tax consultant and wealth strategist for its private client group for 11 years.

California-based financial services firm First Foundation Advisors named Raymond Mow as managing director of fixed income. He has over 25 years of experience in managing financial portfolios and working with advisory teams. He was previously senior portfolio manager at Highmark Capital Management.

JP Morgan appointed Oli Harris to head up its crypto-currency strategy and Quorum, its own iteration of blockchain. Harris joined the Wall Street giant in January, 2014, and prior to his new position served three years as head of financial technology at the bank.

Pinnacle Financial Partners, the Nashville, TN-headquartered firm, recruited a wealth advisor in Sumner County to its Pinnacle Asset Management group. Ken Farley joined Pinnacle from SunTrust Investment Services, where he spent 29 years and was running a $58 million book of business for 220 households. Before that, he was with Ameristar Capital Markets.

Boston Private Wealth promoted Tom Anderson to chief operating officer and Shannon Saccocia to chief investment officer. Anderson previously served in a dual role as CIO and COO, while Saccocia was chief investment strategist. Saccocia oversees the Boston Private Wealth’s investment policy and direct investment strategy, research, portfolio management, trading, asset allocation and investment risk management functions.

First Republic Bank appointed Jeremy Wenner and Adam Beard to its investment management arm. They were named managing director. Wenner works in First Republic’s San Francisco office and Beard is located in Boston.

Wenner has more than 17 years of financial services experience serving high net worth individuals and families. Wenner was MD in the Private Wealth Management Group at Jefferies. Before that, he was private client investment advisor at Thomas Weisel Partners. Wenner began his career as a financial services analyst at NationsBanc Montgomery Securities.

Beard has more than 22 years of experience creating customized wealth planning strategies for high net worth individuals and families. Beard was Senior Vice President in the Private Wealth Management Group at Jefferies and also worked in the firm’s technology investment banking group. Before that, he was director at GCA and was vice president at Arma Partners.

JP Morgan Private Bank appointed Jessica Matthews as head of sustainable investing in wealth management. Matthews reports to Monica Issar, global head of multi-asset and portfolio solutions.  She is based in New York. Matthews was at Cambridge Associates’ mission-related investing practice, and also worked in various investment roles in both the public and private sectors.

Rothschild Global Advisory, part of France-based Rothschild & Co, appointed two managing directors to its Chicago office: Sumner Farren and Sara Coyle, who have previously worked together at UBS and Bank of America Merrill Lynch. They joined the industrials group. With more than 25 years’ experience, Sumner Farren joined from UBS, where he was a MD responsible for the firm’s sell-side merger and acquisition activities in North America. Prior to UBS, Farren worked for 20 years at Bank of America Merrill Lynch in Chicago working primarily on M&A for a variety of industries. Coyle, meanwhile, also previously worked at UBS, where she was a MD of the global industrials group responsible for industrial distribution and packaging coverage efforts. She joined the firm in 2015. Prior to UBS, Coyle spent ten years at Bank of America Merrill Lynch and Citi, working on M&A, equity and debt financing transactions.

Florida-based wealth manager Caldwell Trust Company promoted three of its staff members to vice presidents. Scott Antritt and Sonya Kristie, based in the Sarasota office, were promoted to vice president and trust officer. Sheryl Vieira, based in Venice, moved up to vice president of marketing and PR. Antritt joined Caldwell Trust Company in 2011 as a trust officer.

Kristie is responsible for the day-to-day administration of trusts, which includes serving as wealth manager for trusts, IRA’s, estates, and investment management relationships. She assists her clients with budgeting, estate planning, investments, taxes, and legal matters in conjunction with their accountants and attorneys.

Vieira joined Caldwell Trust Company as marketing manager in 2011. She manages the company’s strategic marketing and business development program, advertising and public relations.

EisnerAmper named Gerard O’Beirne, partner and CPA, as leader of its international tax services group, concentrating on international taxation, advisory and compliance services, publicly traded and closely held businesses, and high-net-worth individuals. He is based in New York. O’Beirne has more than 25 years of experience with both inbound and outbound structuring, including mergers and acquisitions.




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