Farrer makes private client leadership changes 08:02 GMT Jim Edmondson is moving from his role as partner and head of Farrer & Co’s private client department to become a full time consultant to the firm continuing his client facing role as part of a partial restructuring of the management of the department.
Gulf private banking chief has quit - local reports 08:02 GMT Stuart Crocker, global head of private banking and wealth management at Abu Dhabi Islamic Bank and a Merrill Lynch veteran, has left the bank, according to sources quoted by the Zawya news service.
BNY Mellon plans to increase its wealth management sales force by 50 percent 22/05/2013 BNY Mellon, investment management and investment services provider, is rolling out a major two-year recruiting campaign to increase BNY Mellon Wealth Management’s sales force by 50 percent. In addition, the firm intends to add private bankers and mortgage bankers, portfolio managers and wealth strategists as well as additional sales support staff.
Asset Risk Consultants launches new division and recruits veteran investment manager to oversee it 22/05/2013 Guernsey-based Asset Risk Consultants (ARC) has recruited Paul Meader to launch and oversee its new fund solutions division as well as reinforcing its risk management capabilities, one of its core offerings. ARC has provided risk management reporting to trustees and institutions for almost 20 years.
New head appointed at Citi Private Bank 21/05/2013 Mark Mason is to take over from Jane Fraser as chief executive of Citigroup Private Bank, amid a reshuffle of a number of senior executive positions at the bank.
Fund managers have 12 months to save themselves - research 21/05/2013 Fund managers should expect the axe from discretionary managers if they fail to perform within the first 12 months of a mandate, according to CoreData’s DFM Research 2013 report.
London-based private office recruits former UK Chancellor of the Exchequer and two new partners 20/05/2013 Stanhope Capital, the London-based private investment office Launched by Daniel Pinto and Adam Julien Seveux in 2003 which currently has around £5 billion of client assets under management, has reinforced its investment committee by recruiting Lord Lamont, a former Chancellor of the Exchequer. In addition the firm has also recruited Jamie Korner and Simon Paul as partners to boost its charities and private clients teams respectively.
