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You're hired: The 10 biggest job moves in November

Citywire Americas runs through the biggest industry hires, exits and reshuffles.

10. Julius Baer CEO exits for Swiss rival

Kicking off our list of the biggest job moves in November is the surprise exit of chief executive Boris Collardi from Julius Baer.

He left after eight years to co-lead the wealth management business of Swiss rival Pictet.

Collardi’s departure triggered a search for a long-term successor, but for the time being, the firm appointed chief risk officer and deputy CEO Bernhard Hodler to replace Collardi.

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9. Allfunds appoints new head of LatAm and Iberia

Allfunds Bank appointed Laura Gonzalez as the new chief of Latin America and Iberia after the former head left to join an asset manager.

Gonzalez, head of Allfunds’ Brazil operations and the firm’s global accounts, will replace Luis Ussia.

Ussia was at Allfunds for roughly 10 years and is now chief executive at Spanish asset manager Mutuactivos.

 

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8. Itaú Chile alts head exits to join HMC Capital

The alternatives head at Itaú Asset Management Chile left the firm to join local boutique HMC Capital in early November.

José Ignacio Uauy Rabié joined HMC's asset management arm this week as head of real assets as the Chile-based asset manager works to boost its alternatives business.

 

 

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7. Citi fund selector joins Wells Fargo

Former Citi Private Bank gatekeeper Brian Haynes joined Wells Fargo Asset Management as an investment strategies consultant.

Haynes joins a 13-person team responsible for building and maintaining relationships exclusively with manager research teams in the broker-dealer, private bank, and defined contribution investment only record-keeping channels.

Haynes most recently served as a research analyst at Citi Private Bank from June 2011 to November 2017, conducting research on external money managers running separately managed accounts, US mutual funds and offshore funds. 

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6. Wealth boutique boosts investment team with top Brazil hire

Multi-family office group Aqua Wealth Management hired Paulo Tenani to join its Brazil-based investment team as chief economist.

A finance professor and former Latin America research chief at UBS Wealth Management, Tenani is joining Aqua's São Paulo-based team and will sit on its investment, due diligence and analysis and credit committees.

 

 

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5. Miami wealth firm hires veteran advisor from family office

Fiduciary Trust Company International recruited a 35-year veteran of the wealth management industry, most recently with WE Family offices, to head up relationship management for its South Florida office.

Manuel Cabielles joined Fiduciary Trust, a subsidiary of Franklin Templeton Investments, in its Coral Gables office as managing director and business development officer, according to a press release from the firm.

 

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4. Wells Fargo hires another ex-HSBC private banker

Wells Fargo Advisors hired its third HSBC private banker since the British bank announced it was refocusing its Latin American business in September.

Miami-based Federico Gitron joined Wells Fargo Advisors in mid-October as a managing director and an international financial advisor.

In early September, HSBC Private Bank announced it would only service Latin American clients based in the core markets of Argentina, Brazil, Chile and Mexico and transferred its remaining business and their respective bankers to UBS Wealth Management Americas, which would have included Uruguayan assets.

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3. HSBC boosts LatAm team with private bank appointments

HBSC Private Bank boosted its ranks with one hire and two appointments to its international unit.

Nicolas Nuñez joined HSBC’s Chile-focused team in Miami as a senior relationship manager in mid-October, a spokesman from HSBC confirmed. 

Previously based in Santiago, he was a team leader for a group of local bankers at Itaú Wealth Management. 

Estaban Zorrilla, previously manager of HSBC’s Miami investment strategy group, joined the team as a senior relationship banker and Mariana Velasquez, most recently in a marketing role, was also  appointed a relationship manager.

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2. BNY Mellon WM hires ex-EFG investment strategy head

BNY Mellon Wealth Management's hire of EFG Capital International’s Carolina Montiel captured readers' attention in November.

Miami-based Montiel joined BNY Mellon’s Family Wealth and Investment Advisor group, a team that focuses on advising ultra-high net worth individuals and families with $20 million or more.’

An advisor with over 25 years of investment experience, Montiel was most recently a senior vice president and head of Investment Strategies Group Americas at EFG Capital International in Miami.

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1. UBS recruits 15 HSBC Miami advisors, gains $4bn in assets

The biggest news in job moves was the revelation that UBS Wealth Management Americas recruited 15 of HSBC's 20 Miami-based private bankers.

The transfer concluded a agreement the Swiss and UK groups had agreed to back in September.

In September, HSBC said it was transferring its client book from Central America and the Andean region, excluding Chile, to UBS. As part of the deal up to 20 of its private bankers, which managed close to $5.6 billion, would be offered roles at the Swiss firm's Miami office.

UBS's new private bankers are anticipated to bring over $4 billion in assets under management with them.

 

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