People moves
Rockefeller Capital Management
The US financial services firm has hired Carissa Morganstein as senior vice president and client adviser in its global family office.
Morganstein will be based in Rockefeller’s Saratoga Springs, New York office.
She joins from Ayco, the family office unit of Goldman Sachs, where she was a client adviser serving ultra-high net worth families.
Rockefeller recently made Nathan Crair managing director of its newly established family office operation in Los Angeles.
Northwestern Mutual
The insurer has named Fawaz Rasheed as vice president – chief information security officer (Ciso).
He will lead the enterprise information risk and cybersecurity team.
Rasheed has more than 20 years’ experience at global companies in a range of industries, including financial services.
He previously served as Ciso at Trustmark Companies.
AE Wealth Management
The registered investment adviser has named Tom Siomades as chief investment officer.
Siomades has 30 years’ experience in asset allocation modelling, due diligence and portfolio management.
He has relocated to Topeka, Kansas from Philadelphia, where he previously worked as an investment strategist and managing director for Hartford Funds.
Deutsche Bank Wealth Management
The German bank has hired Angel Chen and Donald Taylor as managing directors and relationship managers in Los Angeles.
Chen joins from City National Bank’s private client services, where she was a senior vice president and team leader.
Taylor, who has over 20 years of industry experience, joins from City National Bank’s private client services, where he was a senior vice president.
Both Chen and Taylor are reporting to Michael Rogers, who joined this month from Merrill Lynch Private Banking and Investment Group as the west coast head of Deutsche Bank Wealth Management Americas.
PNC Wealth Management
Chris Williams has joined the company as a senior vice president and market leader for the Chicago area.
Williams is responsible for overseeing PNC’s wealth management business in the region.
He has 30 years of wealth management experience from his prior roles at JP Morgan, Barclays, Credit Suisse, Bank of America and Morgan Stanley.
Chilton Trust
The independent wealth management firm has hired Kenneth Montgomery and Tom Trenchard as managing director and senior vice president, respectively.
Montgomery is responsible for supporting clients on the East coast, principally in the Philadelphia, New York and Florida regions.
Most recently, he was a managing director and private client adviser at US Trust.
Trenchard will service clients in Florida and Connecticut.
He joins from Evercore Wealth Management, where he was vice president.
M&A
Sanctuary Wealth
The partner-owned global wealth manager has acquired Jackson Hill & Fish Private Wealth Advisors and Southern Oak Wealth Group to its national network of advisers.
With the latest additions, Sanctuary increases its assets under management to over $10bn ($7.86bn, €8.8bn).
Based in North Carolina, Jackson Hill & Fish was founded by Clay Jackson, Chris Hill, and Ben Fish, who collectively boast nearly five decades of advisory experience.
Southern Oak Wealth is a six-person, $310m team in Nashville, Tennessee, led by Patrick Poling, Jonathan Trusty, and Ann Hollis-Young.
The financial terms of the deals were not disclosed.
Captrust Financial Advisors
The independent wealth manager has acquired McQueen, Ball & Associates and Cornerstone Capital Advisors.
The financial terms of the deals were not disclosed.
These transactions bring more than $2bn of client assets to Captrust and expands the firm’s presence in Pennsylvania and north-east Ohio.
Founded by Jerry McQueen in 1981, McQueen, Ball & Associates manages $1.3bn of client assets and provides financial planning and investment management services.
Cornerstone Capital Advisors, led by Mario Giganti, is based in Ohio and oversees $770m in client assets.
It serves individuals and families with their financial planning affairs.
