Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

You're hired! The top 25 wealth management moves of 2017

The battle for wealth management was as fierce as it ever was this year

The battle for wealth management was as fierce as it ever was this year, and your interest in who was up and who down no less keen.

Here in ascending order are the most heavily read sector hires of 2017

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

The battle for wealth management was as fierce as it ever was this year, and your interest in who was up and who down no less keen.

Here in ascending order are the most heavily read sector hires of 2017

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Julius Baer hires Sanlam client head for UK push

While the scope of its ambitions would not become clear until mid-year Julius Baer International indicated something was up in February when it reassigned and recruited a series of senior staff in London.

Luke Downes joined from Sanlam Private Wealth, where he was head of global clients in a spell that lasted just over two years. 

Loris Vallone moved over from Italy, where he was head of the domestic market for Julius Baer, to London to help enhance the business' products and service offering. 

Ella Riesco completed the trio of London hires, joining as head of marketing and communications UK from Ruffer, where she spent three months as a business development consultant.

Julius Baer International chief executive David Durlacher (pictured) said: 'They [the hires] bring a wealth of leadership experience that will be important for our growth. These appointments are a further demonstration of Julius Baer’s ambitions in the UK and its commitment to the market.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


HSBC Private Banking hires four for regional push

HSBC Private Banking put some meat on the bones of its plans to expand outside London with four regional and ultra-high net worth hires in May.

Joining the firm’s Birmingham team from Investec Wealth Management, Nathan Dosanjh will work as a relationship manager. Also recently recruited to the bank’s Birmingham team was Adrian Hogg, who moved to private banking from HSBC Premier.

Darren Watkins has joined the private banking team in the South West and Wales, having come across from HSBC Premier where he spent seven years working with high net worth clients.

Earlier this year, Sam Fearon, associate director in HSBC Private Banking’s credit advisory team moved to Liverpool as a relationship manager to cover the North West.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Tilney hires two development managers 

Tilney in March hired two development managers to improve the firm's presence in Scotland and the north of England.

Morad Bhatti and Eleanor Wotherspoon join in newly created roles as business development executives in the firm’s business development team.

Bhatti joins from Verbatim Asset Management and will be based in Glasgow. He has previously worked at London & Colonial, Barclays Wealth and Morgan Stanley.

Wotherspoon joineds Tilney in Liverpool from Smith & Williamson, where she was a business development manager.

The firm's hiring spree started after the rebrand to Tilney Group, with chief executive Peter Hall (pictured) announcing a ‘significant recruitment drive’ was underway.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Brooks hires ex-Brewin Cardiff director promising Welsh hire spree

Brooks Macdonald hired Brewin Dolphin’s former Cardiff divisional director Andrew Lewis in July as it opened the door of its first ever base in Wales.

Lewis was one of a number of senior departures from Brewin in March, following a 14 year career with the business, after a rugby career which saw him capped 29 times for Wales.

‘I am delighted to join Brooks Macdonald at this exciting time,’ said Lewis.

‘Having previously led a team that dealt solely with the adviser market, I believe Brooks Macdonald has a great opportunity to build a strong presence in Wales.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Moola hires ex-Quilter Cheviot director to 'propel growth'

Robo-adviser Moola tempted former Quilter Cheviot investment manager Camilla Carson back to the world of investment in August. 

Carson (pictured) joins Moola as a commercial director from Mumsnet, where she was head of business development and responsible for strategic partnerships. During her three years at the tech business, she established its recruitment website, Mumsnet Jobs. 

Prior to this, Carson was an investment manager at Quilter Cheviot, where she sat on the alternative and long-only fund selection committees. She was formerly a Top 30 under 30 star.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Saranac expands ranks with quadruple hire

Wealth management firm Saranac Partners expanded its ranks in November with four new hires.

They include Stephen Griffiths (pictured), previously a managing director at JP Morgan Private Bank, who joins as head of wealth advisory.

Meanwhile, Maria Porta has come on board as a client adviser from UBS. She was formerly co-head of the ultra high net worth team at Barclays Spain. 

Mike Dardis also joins Saranac as a client adviser from Floreat Group, an international family office based in London. He started his career in investment banking at JP Morgan before moving to Barclays, where he was a director covering UK-based high net worth clients.

Tom Spencer marks the final new addition to  Saranac’s client adviser team. He formerly advised high net worth clients at Bank Leumi.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Quilter Cheviot hires trio for new London private client team

Quilter Chevio hired three investment managers in September to form a new private client team in its London office.

Mats Arthursson and Suneet Kumar will join the firm in October, while James Gatehouse joined earlier this month.

The team will be led by Arthursson (pictured), who is set to join from Arbuthnot Latham, where he has most recently been a director of investment management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Close Brothers hires managing director from Rathbones

Close Brothers Asset Management hired Tim Eliot-Cohen from Rathbones in September, as managing director of its high net worth bespoke business. 

Eliot-Cohen will spearhead the launch of a new office in the west end of London and develop the company's high net worth arm.

Previously he spent 16 years at Rathbones, leading a team of wealth managers. 

In his new role he will report into chief investment officer Nancy Curtin (pictured) and will be responsible for managing multi-asset portfolio for HNW clients. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Brooks Macdonald hires from Rathbones and Charles Stanley

Brooks Macdonald appointed two investment managers in November to bolster its Hampshire office.

The asset manager hired veteran investment manager Jennifer Carter, who has over 25 years’ experience in financial services, most recently as an investment manager at Charles Stanley.  

It also appointed Johnathon Rivers, who has 10 years of experience, most recently at Rathbone Investment Management where he was an investment manager.  

Howard Crossen (pictured), senior investment director and head of Brooks Macdonald’s Hampshire office, said: ‘We are delighted that Jennifer and Johnathon have joined us at an exciting time for the office.

'Their considerable investment experience will aid the team in continuing to deliver a high level of client service across Hampshire, Dorset, West Sussex and Wiltshire, while also helping drive our growth efforts.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Barclays hires HSBC veteran to head private bank investment

Barclays appointed former HSBC head of product Jean-Christophe Gerard in September as head of investments in its private bank and overseas services.

Gerard (pictured) had worked at HSBC for more that 20 years in a number of roles, including head of its private bank EMEA and Switzerland chief investment officer.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Close Brothers hires investment director from Brewin Dolphin

Close Brothers Asset Management has hired Eileen O'Rourke from Brewin Dolphin as an investment director. 

O'Rourke (pictured) was previously a divisional director at Brewin Dolphin, where she worked for 23 years. During hew time there she managed multi-asset portfolios for high net worth individuals, trusts and charities. 

At Close Brothers she will offer bespoke fund management to high net worth clients through portfolios including taxable investment accounts, ISAs, Sipps and offshore bonds. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Brown Shipley hires banking vet as new CEO

Brown Shipley tapped up Santander private banking and wealth boss Alan Mathewson to replace outgoing chief executive officer Ian Sackfield when he stands down in April next year.

Mathewson (pictured), who has headed Santander's private client division since 2014 having previously led its insurance and card divisions, is a former chief executive of Cater Allen Private Bank.

Sackfield, a former Wealth Manager cover star, announced his plans to step down earlier this year. He will remain with the business as a client director.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Investec W&I hires BlackRock's man to head charity arm

Investec Wealth & Investment appointed Mike Marsham as head of its charities division .

In his new role, Marsham is responsible for overseeing IW&I's bespoke portfolio management and strategic advice to its clients across the UK charity sector.

Prior to joining IW&I, Mike spent over a decade working at BlackRock, most recently as head of family offices, charities and endowment clients, responsible for managing the group’s relationships with many of the UK’s largest charities. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Barclays plans spree 

Barclays in May said the business would hire 100 staff for its private banking arm in a bid to to add more wealthy clients to its books. 

According to Reuters, the hires will be a mix of relationship managers and administrative and risk management staff to provide back office support. 

This marks a significant change in direction for Barclays' Private Bank & Overseas Services, which is headed by Karen Frank, who took up the post last October. 

At the start of the year former Wealth Manager cover star Dena Brumpton (pictured) took charge of Barclays Wealth and Investment Management in the UK.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Tcam makes first senior London hire

Tcam Asset Management made its first senior hire in London in March, bringing on board James Drace-Francis as an investment director.

He will be responsible for building the business in the capital. Previously he worked for JP Morgan and UBS as an executive director. Following his departure from JP Morgan in August 2015, he had been working as a chartered accountant.

Drace-Francis did not hang around long however, leaving to become group chief financial officer at venture capital investor Milamber Ventures in July.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Wealth boutique hires Coutts veteran as investment boss

Creechurch Capital hired Coutts' Paul Warburton in Jaunary for the newly created post of investment head. 

Warburton joins after 14 years with Coutts and is the latest key appointment at the boutique as it looks to grow its business.

However, it proved to be a short-lived appointment with Warburton leaving the firm a mere three months later for a rival business in the Isle of Man.  

Last June, Creechurch hired Canada Life veteran Mario Ricciardi as managing director to oversee its growth strategy. It has also recently promoted Miles Ashworth to senior portfolio manager.

Creechurch chief executive John Greenwood (pictured) previously said his firm was considering acquisitions in London and Manchester to boost its onshore presence amid fears of what Brexit may mean for the Isle of Man.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Brewin Dolphin hires four for Cambridge arm

Brewin Dolphin expanded its Cambridge office in April with the addition of four new staff, following its launch in 2016

The national wealth manager, which has been focusing on building its financial planning business over the last 12 months, has hired Catherine Glennon, Norma Haynes, Jannine Warwick and Adam Hildred.

Hildred will join the Cambridge branch from Lloyds Private Banking on 24 April as a financial planner, bringing an end to a 19-year career at the private bank.

Glennon and Haynes have both been recruited as senior paraplanners and are former colleagues of office head Heather Sonnet, joining from NW Brown, where she previously worked.

Sonnet (pictured) said: ‘We have expanded the office and grown the income above expectations. It’s been exceptional, we’ve attracted some extremely good clients and we also have a fantastic relationship with professional connections in Cambridge and also East Anglia.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Deutsche Bank WM hires ex-Coutts CEO Morley as UK boss

Deutsche Bank Wealth Management hired former Coutts chief executive Michael Morley in May to head its UK business.

Morley (pictured) joined Deutsche in July and will be tasked with building and leading its UK division. He will report into Peter Hinder, head of Deutsche Bank Wealth Management Europe, Middle East and Africa (EMEA).

Morley was CEO of Coutts between 2009 and 2016 and also spent seven years chairman of Royal Bank of Scotland International.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


Julius Baer reveals nine Barclays hires for regional push

Julius Baer in November revealed the identities of the nine staff it had recruited to launch a chain of offices across the UK.

David Durlacher chief executive of Julius Baer International said: ‘We are pleased to welcome such a strong cohort of experienced individuals to Julius Baer.

‘Their expertise will give clients outside London local access to our superior wealth management offering and provides us with wide coverage across the UK and Ireland.

'We are on track to open our new offices over the coming months and look forward to welcoming additional, experienced team members in due course.’

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Gemma Godfrey hires CIO from BlackRock-owned robo firm

Gemma Godfrey in February recruited a chief investment officer from BlackRock-owned FutureAdvisor for her new robo wealth firm.

Simon Moore, who held the same post at FutureAdvisor, assumed the newly-created role at Godfrey's (pictured) venture, called Moola.

BlackRock acquired San-Francisco-based FutureAdvisor back in August 2015 for around $150 million (£120 million) to give the world's largest fund manager a foothold in the digital wealth market. 

At FutureAdvisor Moore was responsible for the asset allocation, managing the investment committee and investments insights that underpin the firm's algorithmic approach to investment. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.


French bank hires ex-C Hoare CIO for UK wealth launch

Former C Hoare chief investment officer Robert Jeffree was recruited by a French private bank to build a UK a wealth proposition in September. 

Banque Transatlantique, part of leading French banking group Crédit Mutuel-CM11, has moved Jeffree into its London base, where he will be responsible for developing the new discretionary and advisory wealth management offering.

The division will sit alongside its private banking service, which launched in the UK a year ago. 

Outlining the logic for the launch, Banque Transatlantique said it had seen a growing demand from the bank’s core French non-domiciled clients, alongside an increasing number of British nationals with interests, such as property and business, in France.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Tom Kalaris' wealth boutique makes new raft of hires

Tom Kalaris’ new boutique Saranac Partners continued to take shape in February with another round of hires, including David Giampaolo, who heads London-based networking club Pi Capital.

According to filings at Companies House, Giampaolo has been appointed a director of the company.

Giampaolo founded Pi Capital, having previously developed and sold health club chains in the US and Europe. Pi Capital is based in the same building in Mayfair as Saranac, and a strategic partnership between the two businesses is understood to be in place.

Giampaolo’s appointment follows Kalaris’ (pictured) decision to step down as a director of Saranac in June 2016. This coincided with Mary Reilly, Gray Smith and Len Gayler joining as directors.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

UBS Wealth hires Maria Sharapova for female advisory board

Tennis star Maria Sharapova was in July appointed to a UBS Wealth Management advisory board created to improve the service its offers female clients.

Sharapova (pictured) joins business leaders, entrepreneurs and philanthropists on the board, as part of UBS' five-year plan to significantly scale its expertise in serving female clients. 

Head of the programme at UBS Dr Mara Harvey said: 'The amount of private wealth controlled by women is set to grow faster than men’s year-on-year for the next five years.

'This changing dynamic requires the industry to change with it. We have set ourselves an ambitious task which we cannot do alone. The advisory board will play a pivotal role in helping us shape the future of our business; one that supports women in all their investment needs.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Julius Baer raids Barclays for four new regional wealth arms

While it did not confirm their actual identities until November (see slide 20) Julius Baer grabbed the industry's attention with an audacious quadruple hire of barclays directors in August.

The former Barclays directors will open regional offices for Julius Baer in Manchester, Leeds and Glasgow. The firm also plans to build a smaller operation in Belfast. 

A statement from Julius Baer stated:  'The newly hired relationship managers all have proven track records and will be joining Julius Baer over the coming months, operating out of premises that have been identified and which are expected to open later this year.' 

Outlining its logic for the new divisions, Julius Baer noted two thirds of the UK's wealth is held by individuals outside of London and the south east. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Tom Kalaris hires eight for new wealth venture

Alongside his former home Barclays, Tom Kalaris' boutique was one of the newsiest wealth businesses of the year with a series of big hires. 

It started the year in January as it intended to go on, reporting eight hires, including that of HSBC’s discretionary boss as well as several Barclays alumni.

Kalaris (pictured), former Barclays Wealth chief, has raided his old firm and brought six recruits on board for his venture. Backed by Aberdeen Asset Management, Saranac Partners provides investment management, capital and financing advisory, as well as structuring and fiduciary advice.

Ed Klinke, HSBC’s head of discretionary portfolio management for the UK and Channel Islands, joins the boutique as a partner. He previously also worked at Barclays Wealth & Investment Management as a senior investment manager between 2012 and 2014.

Ossama Nassar, formerly of Barclays, has also been brought on board as a partner at Saranac – according to his LinkedIn profile. Meanwhile, Daniel Green, who worked at Barclays for more than six years, has joined as a client advise

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter