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The week in wealth management - most read on thewealthnet

19/02/2018 News Team

Monday
James Buchanan-Michaelson, head of Barclays private banking business in Switzerland is leaving the bank, with immediate effect. He had been in the post since 2015, when he joined Barclays from Coutts after the latter sold its Swiss private banking business to Union Bancaire Privée.

UBS has made several changes to its ultra high net (UHNW) worth division, according to an internal memo seen by thewealthnet. The changes include appointing Agis Leopoulos as vice chairman for EMEA, effective 1 March 2018.

Tuesday
Julius Baer International has hired five new relationship management and wealth planning professionals as part of its regional expansion, to support clients in Scotland and provide local access to Julius Baer’s unique solutions. All five joined from Barclays Wealth & Investment Management.

OppenheimerFunds
appointed Charles Oldmeadow as business development director, joining the team focusing chiefly on intermediary clients and institutions in the UK.

Wednesday
UniCredit named Marco Bizzozero as head of group wealth management, effective from 1 March 2018. He will report to Gianni Franco Papa, general manager of UniCredit.

The General Data Protection Regulation (GDPR) will have a huge impact on the way investment and wealth managers handle and protect their data, according to a seminar run by law firm Wedlake Bell.

Thursday
Guernsey-based ARC completed its management buy-out (MBO) and is now majority-owned by its employees, thewealthnet exclusively revealed.

Lloyds Banking Group and Scottish Widows sent notices to Standard Life Aberdeen to terminate investment management relations. The decision is the result of a six month discussion period following the merger of Standard Life and Aberdeen Asset Management.

Friday
Freddie Pooter gave his views on Michael Morley and his building of a UK wealth management business at Deutsche Bank. Could it lead to the resurrection of a old banking brand?

James Elliott, a St James’s Place adviser, became the UK’s youngest ever Chartered Financial Planner, following his attainment of the Level 6 Advanced Diploma at 22.

And finally…due to demand from readers the nomination period for the 2018 PAM Top 40 Under 40 has been extended to Friday 23rd February 2018. To make a nomination click here.

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