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The week in wealth management - most read on thewealthnet
12/10/2018 , News Team

Monday

Coutts appointed Jonathan Brierley as the new head of digital, design, & experience. He oversees a new team focused on user experience design, digital channels and client insight activities.

 
Saranac Partners, the London-based wealth and investment firm founded by Tom Kalaris, a former chief executive of Barclays recorded a pre-tax loss of £13.61 million for the year to 31 December 2017, according to its most recent annual report and accounts  which have just been lodged at Companies House. 
 
Tuesday
 
Sarah Bates retired as chair of the board of St. James’s Place and as a director of the company, effective 8 October 2018.Following regulatory approval she has been replaced by Iain Cornish, with Roger Yates being appointed as senior independent director.
 
Losses increased during 2017 at Nutmeg Savings and Investments, the UK’s pioneering online investment manager, despite a 78.5 percent increase in revenues according to its latest annual report and accounts which have just been deposited at Companies House.
 
Wednesday
 
Kevin O’Brien, a senior manager with Bank of Ireland Private Banking, is to join Julius Baer International as a director in the Swiss bank’s Dublin office.
 
Brooks MacDonald has appointed Howard Crossen as head of its Tunbridge Wells office, as Pam Beith is transferred to lead the firm’s new operation in East Anglia.
 
Thursday
 
Tilney has formed a team focused on serving ultra high net worth clients, by reuniting five professionals that have previously worked together at Coutts and Citi. The five hires, who join from a variety of institutions, all join as directors of investment management and will be based in Tilney’s New Street Square, London office.
 
Close Brothers Asset Management (CBAM) has hired Hugh Adlington as managing director to “support the expansion of its high net worth bespoke investment management service,” the group said.  
 
Friday
 
 
The mystery high-spending woman who has just failed in her appeal against the UK’s first unexplained wealth order (UWO) has been revealed to be Zamira Hajiyeva, the wife of Jahangir Hajiyev, a former chairman of state-owned International Bank of Azerbaijan
 

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