He joins from GAM London Limited where as Client Director he built a strong track record in promoting a range of single manager hedge funds, global fixed income and absolute return emerging market debt strategies across the UK, Continental Europe, Austral
Investment banks across Asia have shrunk staff through occasional cuts and broad attrition as market activity has stumbled, leaving plenty of former bankers kicking their heels, according to recruiters and industry executives.
Mr. Molnar and Mr. Nordlicht join the HighTower partnership as Managing Directors and Partners, and collectively manage more than $330 million for corporate executives, entrepreneurs, venture capital firms and high-net-worth families.
Outgoing chairman Marcus Agius, who announced his resignation on Monday, will become full-time chairman and lead the search for a new chief executive.
He has over 17 years of investment industry experience gained from his role at Hermes Fund Managers where he was Head of Client Relations, responsible for clients across multiple distribution channels.
In recent months, Smith & Williamson has made five senior appointments to its London investment management team, bringing the number of investment directors across the group to over 110, of which about 70 are based in the Moorgate office.
He joins Coutts from Credit Suisse, where, most recently, he was Head of Wealth Planning.