This week in personnel announcements and new hires, Craig Gordon departed from RBC Wealth's RIA custody and BD clearing business, Hamilton Insurance Group announced that it had named Sandy Weill as chairman of its board , and Snowden Capital Advisors hired Caesar Cepeda.
Also, Thornburg Investment Management promoted Charlie Wilson to co-manager of its international ADR strategy.
Craig Gordon of RBC Advisor Services Leaves Firm
Craig Gordon, director of correspondent and advisor services for RBC Wealth Wealth Management, has left the company.
Gordon, a former Fidelity Institutional Wealth Services executive, had been the leading voice for RBC Wealth’s entry into the RIA custody business (see archived Investment Advisor feature article). RBC Wealth issued a statement saying that “Craig has been a valuable asset to the firm over the years and we wish him all the best in the future,” and that “we are actively looking to replace Craig Gordon's position with a talented professional with the necessary skills to take our businesses to the next level, as we have never been more committed to this business.”
The RBC custody business had been built on Bear Stearns' RIA business. The RBC spokesperson said that “a vital component of RBC Wealth Management's global strategy is continuing to grow our complementary business channels, including RBC Advisor Services and RBC Correspondent Services,” and that those businesses “continue to bring on new clients and deepen our relationships with our existing clients.”
Hamilton Insurance Group Names Weill Chairman of Board
Hamilton Insurance Group Ltd., the holding company for Bermuda-based Class 4 property and casualty reinsurer Hamilton Re, has announced that Sanford "Sandy" Weill has been named chairman of its board of directors.
Weill is the former chairman of Citigroup Inc. Hamilton Re was formerly owned by Steven Cohen's SAC Capital Advisors LP and known as SAC Re Ltd., but was sold last month under the terms of a settlement on insider trading. Weill's presence on the board is said to indicate that future acquisitions may be in the offing.
Snowden Capital Advisors Welcomes Cepeda
New York-based Snowden Capital Advisors LLC has announced that Caesar Cepeda has joined the firm at its Pasadena, Calif., office as vice president and private wealth manager.
Previously, Cepeda was a Merrill Lynch advisor for 26 years.
Thornburg Investment Management Names Wilson Co-manager of Strategy
Thornburg Investment Management (TIM) announced the promotion of Charlie Wilson to co-portfolio manager of the firm's international ADR strategy. He is replacing Lewis Kaufman, who had been co-manager since 2006 and is stepping down to devote more of his efforts to the firm’s developing world strategy.
Wilson joined in 2012 as an associate portfolio manager and was named portfolio manager in 2014. Prior to joining the firm, he served as co-portfolio manager for Marsico Capital Management, where he was responsible for portfolio investments across multiple strategies and geographies, with specialization in materials, energy, technology and payments sectors.
Check out Geneos Wealth Names Third-Generation Diachok as President on ThinkAdvisor.