BNY Mellon, a global leader in investment management and investment services, today announced the appointment of Dean Fletcher as regional head of BNY Mellon Corporate Trust, Europe, Middle East and Africa (“EMEA”). Fletcher continues to report to James Maitland, head of Client & Business Development for EMEA and Asia Pacific (“APAC”).

Fletcher had been serving as co-head of EMEA for Corporate Trust with Joe Duffy. Duffy remains chief executive officer of The Bank of New York Mellon (Ireland) Limited and will continue to focus on the growth of BNY Mellon’s Irish businesses in his capacity as Country Executive for Ireland.

“In Dean, we have a strong business leader whose strategic insight has helped us anticipate market opportunities and deliver the capabilities of the whole company to our clients,” said Maitland. “He has been instrumental in overseeing our focus on delivering high quality service and tailored solutions while navigating through challenging market conditions across the region.”

Fletcher joined BNY Mellon in 2008 as head of Structured Products, Corporate Trust, EMEA. He has significant experience in managing a portfolio of market-leading business lines that have provided a full range of trustee, agency and administration services across the debt capital markets. Prior to joining BNY Mellon Fletcher spent five years with JPMorgan Chase Worldwide Securities Services as Business Head for Structured Finance Services and then Global Head of Risk, based in New York. This was followed by three years at Barclays Capital Services Ltd as Global Head of Operational Risk.

BNY Mellon Corporate Trust services $11.9 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

Richard Moyse from law firm Boodle Hatfield has been awarded the Lifetime Achievement Award by the Society of Trust and Estate Practitioners (STEP).

The award was made on 15 September in recognition of Richard’s widely admired judgement, objective advice and client care skills.

The Judges said, “Richard Moyse is an almost legendary figure in the private client world, who over 40 years of practice, combined commitment to his clients, and their individual demands, with wise and balanced advice.”

Commenting on the award Richard Moyse said: “I am extremely proud to have won the lifetime achievement award. I am delighted that, as is reflected in the success of STEP, private client matters, and especially the international aspects, are now regarded as of primary importance to the professions.”

Richard specialises in UK and international capital tax planning for individuals, trustees and business, is known for his intellect and great knowledge of the private wealth world. Succession, asset protection and heritage property are all part of his practice area. He also has considerable expertise in trusts, probates and conflict of Laws and acts as an expert witness.

In addition to his membership of STEP, Richard is recent past President of the International Academy of Estate and Trust Law, a member of the Capital Taxes Sub-Committee, and was a founding member of the Solicitor’s Tax and Revenue (STAR) Group.

Richard contributes widely to technical journals and lectures extensively in the UK and abroad. An Oxford University graduate who joined Boodle Hatfield in 1973, he was Senior Partner from 1999-2004.

Reuters reported today that three senior Goldman Sachs Private Wealth Management advisers left the bank earlier this month to form an independent San Francisco boutique, Seven Post Investment Office LP.

Ali Bastani, who spent 13 years at Goldman Sachs, 26-year veteran Eldridge “El” Gray, and Charles Wyman, 15 years in the brokerage industry, started the new firm on September 2, according to records filed with the Financial Industry Regulatory Authority and the Securities and Exchange Commission.

The Seven Post website states:

“We provide customized, independent counsel to clients with significant assets. Our singular mission is to preserve and enhance client wealth. We engage in continuous dialogue and education to best understand client objectives and to improve decision-making.

Seven Post manages global multi-asset class portfolios for a select number of important relationships with a focus on risk management and long-term investment results. Our approach takes account of investment structure, taxes, socially responsible mandates, estate and trust planning, philanthropy, requirements for income and other client objectives.

Seven Post is a privately owned partnership and completely independent of other financial institutions. We have a value-oriented, long standing investment philosophy; managing core investments as well as engaging third-party sub-advisors on behalf of clients.

Client assets are held in global custodian banks, providing institutional safety as well as the security of third party portfolio reporting and accounting.”

Barclays Wealth has announced that Michele Huff Powell has joined its Dallas office as a Director and Investment Representative.

Ms. Powell joins Barclays Wealth from U.S. Trust, Bank of America Private Wealth Management, bringing over 25 years experience advising high net worth individuals and families. She joined her predecessor firm in 1986 and during her tenure she was responsible for the integrated delivery of wealth management services to clients, in particular, wealth structuring, investment management and private banking services. In her new role at Barclays Wealth, Ms. Powell reports to Steve Head, Regional Manager, Texas.

“I am pleased to welcome personally someone of Michele’s caliber and client dedication to our Dallas office and the firm,” said Mitch Cox, Head of Barclays Wealth Americas, and Head of Global Research and Investments. “As we grow in the Americas, we continue to find that Barclays Wealth’s combination of wealth management experience and direct access to the world-class resources of Barclays globally is a compelling proposition for high net worth individuals and families, and therefore for their advisors.”

Ms. Powell received a B.S. in Business Administration and an M.B.A. from West Virginia University and holds the Certified Investment Management Analyst(SM) (CIMA®) designation. She serves as a Board Director for Lakehill Preparatory School in Dallas.

“I am delighted to have such a highly experienced and talented professional join our wealth management team in Dallas as we continue expanding in the Texas region,” said Mr. Head.

With 13 offices across the Americas, including the Barclays Wealth Trustees (U.S.), NA., Barclays Wealth provides comprehensive wealth management to high net worth individuals and families. The firm focuses on understanding its clients’ financial needs, personal aspirations and tolerance for risk in order to design and implement highly customized investment solutions.

Wilmington Trust, one of the leading wealth management companies headquartered in the U.S., announced today that it has hired Thomas C. Rogerson as a senior managing director and family wealth strategist to serve the company’s Family Wealth clients.

“Tom will play a leadership role in assisting business owners in legacy planning and succession issues.”
Wilmington Trust’s Family Wealth services comprise financial and risk management, including cash flow management; tax and accounting services; investment oversight, including asset allocation, manager selection, and consolidated reporting; and charitable giving management services, complemented by industry-leading personal trust, estate planning, and fiduciary services. Rogerson will be based in Boston, Mass. and will serve Wilmington Trust’s clients nationally. He will report to Kemp C. Stickney, chief fiduciary officer and head of family wealth for Wilmington Trust.

“Tom’s knowledge and leadership builds on our continued commitment to providing the wealth management industry’s premier talent and expertise to our clients,” said Mark A. Graham, executive vice president of Wealth Advisory Services. “Tom will play a leadership role in assisting business owners in legacy planning and succession issues.”

Rogerson brings more than 30 years of experience in the wealth management industry to his role, with more than 16 years of family governance expertise. He joins Wilmington Trust from BNY Mellon Wealth Management where he served as managing director of family wealth services. Previously, he was national director of estate tax planning with State Street Global Advisors in Boston, assisting clients with estate planning and family governance. Earlier in his career, Rogerson served as director of financial and estate tax planning with Coopers and Lybrand and was national director of estate tax planning for Kidder, Peabody & Co. He holds a bachelor’s degree in Economics from Ithaca College.

“I am excited to be joining a team with such a history of expertise in Delaware trust law and complex planning strategies,” said Rogerson. “I view an important part of wealth management to be about preparing the money for the family, but also about preparing the family for the money. I look forward to further integrating this approach into what Wilmington Trust already does very well.”

Wilmington Trust’s Wealth Advisory Services business offers a comprehensive array of personal trust, financial planning, fiduciary, asset management, and family office services that help high-net-worth individuals and families grow, preserve, and transfer wealth. It maintains offices throughout the United States, and focuses on serving families through long-term relationships, many of which span multiple generations.

Wilmington Trust Company and its Wilmington Trust affiliates (“Wilmington Trust”) provide Wealth Advisory Services for high-net-worth clients throughout the United States, and Corporate Client Services for institutional clients throughout the world. Wilmington Trust has offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam. Wilmington Trust is owned by M&T Bank Corporation. M&T is a financial holding company headquartered in Buffalo, New York. M&T’s primary banking subsidiary, M&T Bank operates retail and commercial bank branches in the Northeast United States and Ontario, Canada.