Sunday, 22nd November 2009

 

16 September 2008 - Tara Loader Wilkinson

Head of UK wealth manager steps down

Michael Morley, the managing director of the wealth operation of Icelandic bank Kaupthing Singer and Friedlander, has stepped down from his role for personal reasons.

Morley was appointed head of Kaupthing Wealth last year. He will be replaced by Iain Stewart who has worked at UK investment manager Singer and Friedlander since 2000, before it merged with Icelandic bank Kaupthing in 2005.

Morley is a private banking veteran. He was previously managing director and head of international private banking at Barclays Wealth and is a former head of UK private banking at Merrill Lynch.

Tags: Iain Stewart , Michael Morley

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. More US wealthy opt to surrender their citizenship
  4. Comment: Prince William seals the ascent of hedge funds
  5. Stanhope Capital grows staff by 50%

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from People

  1. Aberdeen takes control of Horlick's Bramdean
  2. Citi Private Bank hires head of investments for North America
  3. Citi Private Bank Hires Head Of Investments For North America
  4. Lombard Odier hires from Coutts
  5. Armstrong Investment hires partners

Related Content

  1. Headhunters warn of UBS advisers’ exodus to rivals
  2. Singer & Friedlander not affected by Icelandic connection, says wealth chief
  3. Singer & Friedlander sees departure of one of its most senior private banker

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347