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March 11, 2015 at 08:05 AM
This week in personnel announcements and new hires, Merrill Lynch added two wealth management teams; the Private Client Reserve named two private bankers in Minneapolis; Nandini Sukumar was named chief executive officer of the World Federation of Exchanges; and Stephen Reynolds joined Henderson Global Advisors.
Also, Jay O’Neil joined Barclays; the American Benefits Council named new board members; Aegon UK appointed the chair of its independent governance committee; Chad Horning was named president of Praxis Mutual Funds; and FIA announced new officers and directors.
Merrill Lynch Adds Wealth Management Teams in Florida and New York
Bobby Debbs and his six-person wealth management team have joined Merrill Lynch in Palm Beach, Florida, from UBS. Debbs will report to James Chahine, complex director, managing director and head of the Merrill Lynch Palm Beach complex. Debbs’s team includes Frederick Shapiro, senior vice president; Steven Colamarino, assistant VP; and Albert “Jiggs” David Hutzler III, first VP, as well as three client associates.
In addition, Ronald Slevin and his three-person wealth management team have joined Merrill’s Fifth Avenue financial center in New York. Slevin will report to Jeffrey Tucker, managing director and complex manager for the Fifth Avenue financial center. Slevin’s team includes George Gladman, Jared Stone and Jeffrey Tucker, client associate.
Debbs joined UBS in 2005; earlier, he worked for Source Capital Group in their investment banking division and also as the owner/operator of a technical staffing company. Shapiro has been in the financial services industry since 1997. Colamarino began his career with the private banking division of Credit Suisse Securities (USA) LLC. Hutzler was a financial advisor at UBS, Alex Brown & Sons, Prudential Securities, and Wachovia Securities.
Barclays Welcomes O’Neil
Barclays has announced that Jay O’Neil has joined as a managing director and regional manager for wealth and investment management in Los Angeles. He will report to Bill Scherr, managing director and West Coast regional head.
With more than 14 years of wealth management experience, O’Neil joins from Macquarie Bank, where he was most recently head of the private bank. Prior to that, he spent several years with Merrill Lynch in a number of prominent roles. Earlier he was director and regional branch manager for Credit Suisse Private Banking in south Texas.
ABC Names New Leaders, Board Members
The American Benefits Council has announced the new leaders of its Board of Directors elected at the its just-completed Board meeting.
The new board chairman is Jay Kirschbaum, senior vice president and national practice leader for Willis North America’s Benefits Legal & Research Group in St. Louis. Jay succeeds Janet Boyd, director of government relations, tax and benefits for the Dow Chemical Co.
Other officers are Vice Chairman Bob Holcomb, vice president, legislative and regulatory affairs, Empower Retirement; Vice Chairwoman Kate Ranalli, H.R. Rewards technical director, AstraZeneca; Treasurer Allison Klausner, assistant general counsel, benefits, Honeywell; Secretary Jeff Mains, assistant VP, health plans, AT&T.
Private Client Reserve Names Two in Minneapolis
U.S. Bank has announced that Jennifer Maschke and Debra Ruth have been named private bankers for the Private Client Reserve in Minneapolis.
With more than 12 years of banking and financial services industry experience, Maschke spent five years as a business banking officer with U.S. Bank’s business banking team. She also held roles with GE Healthcare Financial Services and Financial Institution Marketing Co. (FIMCO).
Ruth, with more than 20 years of banking and financial services industry experience, was formerly with U.S. Bank Wealth Management. Earlier she served as a private banking manager with Bremer Bank.
Sukumar Named CEO of World Federation of Exchanges
