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The week in wealth management - most read on thewealthnet

09/07/2018 News Team

Monday
Close Brothers Group appointed Mike Morgan as group finance director and an executive member of the board of directors. Prior to joining Close Brothers, he held a number of roles at Scottish Provident and RBS, most recently as finance director of the wealth management division of RBS.

LJ Partnership made two hires which it says are part of global expansion plans. The London-based wealth management and real estate partnership, is also due to rebrand Alvarium Investments in 2019. Ken Costa and Ali Bouzarif both become partners and shareholders of the group. The pair will also become executive board members.

Tuesday
Artorius Wealth, a Manchester-based wealth manager with offices in London and Zurich, made two senior hires. Jane Fowke joins as head of wealth planning and Tina Winder joins as head of compliance.

Freddy David, the head of a defunct wealth management firm based in Hertfordshire, is to appear before a crown court later this month charged with fraud totaling £14-15 million and spanning a 15 year period.

Wednesday
Dena Brumpton, chief executive of Barclays Savings, Investments & Wealth Management is to retire from her role with Dirk Klee to take over the position in September 2018, subject to regulatory approval. Mr Klee has spent the last five years at UBS in Zurich. His most recent role as chief operating officer for the wealth management arm.

Geneva-based Gonet & Cie and Mourgue d’Algue & Cie merged.

Thursday
Brewin Dolphin made a series of senior promotions in Scotland. These include Marc Wilkinson will be adding the position of head of the Edinburgh office to his existing role of regional director for Scotland and the North of England, which he has been since 2014. Mr Wilkinson first joined Brewin Dolphin in 1993.

Two members of the Rothschild family, Benjamin and Ariane de Rothschild, who has been president of the executive committee of Edmond de Rothschild since 2015, have privately invested with their own money in Exo Investing, a digital wealth manager that launched earlier this year.

Friday
Freddie Pooter revealed his personalised summer reading list for well known private banking professionals.

Andrew Wheeler, the group head of business development at London-based Kleinwort Hambros, is to the leave the bank to pursue other interests, thewealthnet has learnt. He tendered his resignation on 2 July and will leave in three months time.

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