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June 30, 2011 at 05:39 AM
As summer gets underway, new hires in the advisory world include Harvest Capital’s announcement that John Weeks has joined as family wealth management director after leaving his New Hampshire presidency at Bank of America. Noel Donohoe joined DTCC in a newly created position, John Dyment went to UBS, and Revere Capital Advisors named John Mackin to lead a global team. Also, Broadridge Financial Solutions brought on two new executives, ACA added two board members, and DSF Wealth Management spun off from The Gleason Agency.
John Weeks Leaves Bank of America’s New Hampshire Presidency for Harvest Capital
Harvest Capitalof Concord, N.H., announced June 22 that it has named John F. Weeks III as director of family wealth management. Weeks comes to Harvest from Bank of America, where he served as the bank’s New Hampshire state president, as well as market executive for the wealth management division of U.S. Trust.
In his new position, Weeks oversees wealth management consultation and planning for individuals and families throughout New Hampshire, New England and the U.S. His nearly 30 years of experience includes the leadership of commercial banking teams around New England. Most recently, he directed wealth management teams that managed more than $4 billion in assets for individuals and families.
Noel Donohoe Appointed DTCC’s New Group Chief Risk Officer
The Depository Trust & Clearing Corp. (DTCC) announced Tuesday that it has named Noel Donohoe to a newly created position as executive managing director and group chief risk officer. He will report to Robert Druskin, DTCC executive chairman, and to DTCC’s board risk committee.
Donohoe will join DTCC in August, with responsibility for formulating and implementing DTCC’s overall risk management strategy in collaboration with its senior management team. He will oversee the organization’s enterprise risk management, operational risk management and systemic risk teams, and is charged with ensuring DTCC’s comprehensive risk management initiatives are fully integrated into its overall organizational efforts. He will also serve as a member of DTCC’s management committee and act as the principal advisor to the board and to its risk committee on all risk matters.
Donohoe was most recently managing director, global head of product control, Credit Suisse, where he was a member of Credit Suisse’s equity, fixed income and operational risk committees and was responsible for interacting with regulators in the U.S. and worldwide on issues relating to risk and capital.
UBS Hires John Dyment as Global Head of Hedge Fund Distribution
UBS announced on June 24 the appointment of John Dyment as global head of hedge fund distribution, based in New York. Dyment will be responsible for the management and development of UBS’s hedge fund franchise, with global functional responsibility for sales, capital introduction and business consultancy services to the hedge fund community within global prime services. He will also have responsibility for coordinating all hedge fund sales activities across the investment bank’s FICC and equity divisions.
Dyment joins UBS from Shumway Capital Partners, a multi-asset hedge fund based in Greenwich, CT. Prior to Shumway, where he was president, Dyment was managing director at Deutsche Bank, where he managed the global hedge fund capital group. Before that he worked for Goldman Sachs.
RevereCapital Advisors Appoints John D. Mackin to Senior Management Team
New York- and London-based Revere Capital Advisors announced Wednesday that it has appointed John Mackin as its global head of marketing and business development. Mackin will lead a four-member global team seeking to build relationships with investors that share a strategic interest in emerging managers.
With over 20 years of experience in the investment management industry, Mackin has spent the last eight years leading the new business development efforts for smaller and emerging hedge fund strategies at Threadneedle Investments, Arklow Capital, Highland Capital, Pardus Capital and Protégé Partners. From 1997 to 2003, Mackin was a senior member of the institutional marketing team at Lazard Asset Management, completing his tenure as the co-head of alternative investments.
