Managers of Wealth

SMBC hires JPM and Goldman vet to build family office book

Sumitomo Mitsui Banking Corporation has recruited an experienced banker to work across its corporate bank and private wealth divisions working with family office clients.

JPMAM taps Invesco and BlackRock for Germany sales and capital market roles

Simon Werkheiser and Nurul Nasir to join from Invesco and BlackRock, respectively

Tavistock executive chairman becomes non-exec

Last October Tavistock reported better trading after previously making a loss of nearly £1m.

Northern Trust Asset Management Names Head of Strategic Accounts, Intermediary

He holds a key leadership role on the team responsible for deepening client relationships, expanding market presence, and driving revenue growth.

Former Pictet exec appointed wealth head at $3bn Swiss shop

Daniel Savary, who held senior roles at Pictet, Julius Baer and Clariden Leu, has become the new wealth management head at Copernicus.

Bank Reichmuth strengthens its presence in Germany

His main focus will be the acquisition and management of private clients.

UBS Adds Market Director in Oregon

Cy Aleman will oversee all five UBS locations in the state from the Portland office.

HSBC promotions and new starters welcomed across islands

The promotions and moves form part of HSBC’s ongoing programme to support people with their career and professional development aspirations.

Investec wealth veteran exits Tyndall IM after one-year for rival

James Bowes-Lyon, who has been critical of the consolidation sweeping through the wealth sector, has joined Oberon Investments.

Amundi appoints head of distribution for China and Hong Kong

Marco Tang has been appointed deputy CEO of Amundi Hong Kong as well as head of distribution for China and Hong Kong.

Shweta Shah Promoted to a Senior Role at Nuvama Private Wealth

Her ability to build solid relationships with clients and colleagues has been a key factor in her success at Nuvama Private Wealth.

Waverton appoints George Bromfield as new Head of Adviser Solutions

Bellamy will remain with Waverton as Managing Director of Adviser Solutions as well as a member of the Waverton Management Committee.

Savvides gets his new start date at Jupiter

Alex Savvides’ move from JO Hambro will take place on 7 October, with Ben Whitmore sticking around at Jupiter until at least 31 October.

Amundi Adds Senior Duo in Asia

Previously, he also worked at Neuberger Berman, Barings, J.P. Morgan, Allianz Global Investors and HSBC.

Majority Shareholders Exit Belvédère

The majority shareholders and founders of the former Fundamenta Group, David and Javier Garcia, have now also sold their majority stakes in the asset manager Belvédère Asset Management.

Major reshuffle at well-known Zurich investment house

Before joining DCP Client Partner, Contartese worked as COO at Globalance Bank and in various positions at UBS.

Royal Bank Names Sanya Head of Its US Asset-Management Unit

Sanya will report to Damon Williams, CEO of the Toronto-based bank’s overall global asset-management business, which has $453 billion of assets under management.

Vanguard appoints head of UK client group from Schroders

He joins from Schroders where he was head of UK wealth.

Broadridge Announces CFO Transition

Ashima Ghei, who is currently the Chief Financial Officer of Broadridge’s $4.5 billion revenue Investor Communication Solutions segment, will serve as Interim Chief Financial Officer.

Alex Savvides to join Jupiter in October

While Ben Whitmore will stay on at the firm until at least the end of October

Executive Moves