Moves
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Citi Private Bank Hires Head Of Investments For North America
Citigroup Inc.'s Private Bank hired Steve Bodurtha from Bank of America Corp.'s Merrill Lynch as head of investments for North America, as the firm continues to fill management roles.
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Morgan Stanley’s wealth unit hires from Citi Private Bank
Morgan Stanley’s private wealth management unit has hired Pedro de Brum Feijao as in investment adviser covering Portugal.
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FSA bans ex-UBS client adviser
The UK Financial Services Authority has handed out its first fine to an individual involved in the rogue trading scandal that hit UBS' wealth management unit, banning director Andrew Cumming for complicity allowing a senior colleague to continue making unauthorised trades.
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Vontobel Names Frank Wieser Head Of Bank Vontobel Europe
Swiss bank Vontobel Holding AG said Thursday it has named Frank Wieser as the new managing director of Bank Vontobel Europe AG, which is headquartered in Munich, and the new head of Private Banking Germany
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Rising star rejoins UBS
A senior client adviser at Swiss bank UBS, who has been named on Financial News' annual FN 100 list and its Rising Stars list, has rejoined the bank after quitting two years ago for a rival.
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Ex-Lloyds wealth head joins boutique as CEO
Mark Cheshire, the former head of private wealth management at Lloyds TSB, has been appointed head of Ashcourt Rowan, a newly formed wealth management group.
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Credit Suisse hires Nordic chief from Deutsche
Credit Suisse has expanded its presence in the Nordic region with the hire of a chief executive for the business as part of a continuing expansion.
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SG Private Bank appoints senior duo for the Middle East
SG Private Banking, the wealth management arm of Société Générale Group, has appointed two senior managers for its Middle East office.
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Coutts hires for Monaco office
Coutts & Co, the UK private bank owned by The Royal Bank of Scotland, has hired a senior private banker for its Monaco office.
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Arbuthnot Latham CEO steps down
The chief executive and member of the board at Arbuthnot Latham, the London-based private bank, has left the bank after two years, citing personal reasons.
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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”.
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