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October 31, 2012 at 07:22 AM
This week in new hires, Wedbush’s private client services group added Richard Wright; Lance Losey and Mary Welk joined Ascent Private Capital Management; Michael Millman joined The Private Client Reserve in San Francisco; and Ed Cowling went to U.S. Bank Wealth Management in Minneapolis.
Also, Christopher Bartlett went to Brown Advisory; Gerald Smith was elected to the New York Life board of directors; Mercers ICG named James Davies Midwest leader; Allianz Life welcomed Patrick Christiansen; Paul Cucurullo came on board at Paladyne Systems; Bill Lipkus was named president and CEO at FICC; and Val Altomare was named managing director of Genesis Capital’s new Small Balance Multifamily Group.
Wedbush Private Client Services Group Welcomes Richard Wright
Wedbush Securities welcomed Richard Wright to its private client services group on Tuesday as senior vice president, investments and estate planning consultant. He will serve clients nationwide and report to Roc Willis, senior vice president and manager of San Diego County, Wedbush Securities.
Prior to joining, Wright served as a vice president and a financial advisor at Morgan Stanley Smith Barney. He brings more than 25 years of experience, specializing in both asset management and estate planning.
U.S. Bank Appoints Losey and Welk to Ascent Private Capital Management
U.S. Bank announced recently that Lance Losey has been appointed managing director of wealth strategy and Mary Welk has been appointed managing director of client advisory, both for Ascent Private Capital Management of U.S. Bank in Seattle.
In his new role, Losey will provide multigenerational planning, family governance and trust and fiduciary advisory services to ultrahigh-net-worth clients. Before joining, Losey served as partner and chairman of an estate planning and probate practice group within a Seattle law firm.
In her new role, Welk will serve as the primary point of contact for UHNW clients in Seattle and coordinate an integrated team of professionals serving these clients. She brings more than 25 years of experience assisting UHNW families; just prior to joining, she had been managing director, wealth management advisor at U.S. Bank, which she had joined in 2010 as managing director of trust. Earlier, she had served as CEO of a large family office.
Millman Joins Private Client Reserve in San Francisco
U.S. Bank announced recently that Michael Millman has been appointed SVP and wealth management advisor for The Private Client Reserve of U.S. Bank in San Francisco. In this role, he will develop and implement customized investment strategies and plans for HNW individuals and families
Millman brings more than 17 years of private banking, financial planning, and investment management and trust experience to his new post. Before joining, he served as SVP and wealth advisor for Wells Fargo Private Bank. He has also held senior-level advisory positions with such firms as Bank of America Private Bank, Fidelity Investments and Charles Schwab & Co. U.S. Bank Wealth Management Adds Ed Cowling in Minneapolis
U.S. Bank announced recently that Ed Cowling has been appointed director of specialty asset management, a new position within U.S. Bank Wealth Management. Cowling reports to Tim Leach, chief investment officer of U.S. Bank Wealth Management, and will have responsibility for all specialty asset management functions within U.S. Bank Wealth Management, including real estate and farm and ranch management, closely held company interests, oil, gas and mineral interests, loan asset management, and specialty asset management administration.
Cowling joined from Bank of America, where he was national manager of real estate for the firm’s wealth management business. He began his career there in farm and ranch management and had roles with increasing responsibility in urban real estate management, becoming head of real estate in 2005.
Christopher Bartlett Joins Brown Advisory as Partner
Brown Advisory recently announced the appointment of Christopher Bartlett as partner in the firm’s Baltimore office. He will serve as a senior portfolio manager to families, nonprofits and other institutions across the U.S. and around the globe.
Most recently Bartlett was head of global equity sales and trading at Wells Fargo in New York, responsible for 250 employees in trading, sales trading and domestic and international institutional sales. He was a board member of the broker-dealer Wells Fargo Securities International Ltd. and was also a part of the Wells Fargo Securities management committee. He joined Wells Fargo at the end of 2008 as part of Wachovia Securities. Prior to that, he spent 12 years at Alex. Brown & Sons as managing director and senior trader; earlier, he went to First Union in 1999.
