The relationship with Feifa will be headed up by Ben Stott, group director of Affinity Private Wealth.

He said: “Affinity is a wealth management business dedicated to the provision of responsible and sustainable investment solutions and at the forefront of helping investors align their values with their wealth.

“Today, companies that provide solutions to the challenges faced are well placed to grow strongly. Mobilising capital for good by investing in these firms contributes to a more sustainable world and affords investors the opportunity to capture attractive returns.”

Paul Stanfield, FEIFA chief executive said: “This is another excellent and complimentary addition to our partnerships.”

The federation has been partnering with investment and wealth firms to expand its offering to members. Most recently, it teamed up with wealth manager RBC Brewin Dolphin, investment manager Atlantic House and investment platform Omnium.

Feifa member companies advise on cumulative assets in excess of €10bn (£854.8m, $1.09bn) and are active across Europe.

The wealth manager has announced that chief financial officer Ben Thorpe and chief operating officer Lynsey Cross will depart in the coming months, with both leaving the company’s board immediately.

Thorpe has been chief financial officer since August 2018, having joined after four years as head of finance at Brewin Dolphin. The search for his successor is underway, and he will continue in the role until one is found.

Cross joined as chief operating officer in May 2020, having held the same role at insurance provider Amtrust International. She also spent four-and-a-half years as chief executive of ANV Group.

Much of the operational side of the business is now outsourced, so the directors do not currently intend to appoint a board-level replacement for Cross.

Rathbones Group

The UK investment manager has named Anne-Marie McConnon as chief client officer.

She will join the company in May 2023 from BNY Mellon Investment Management, where she held the position of global chief marketing and client experience officer.

Allfunds

The wealthtech platform has appointed Tom Wooders as UK country head.

Prior to Allfunds, Wooders was group head of sales at Titan Wealth with responsibility for business development across all of Titan’s entities including Titan Asset Management, Titan Wealth Solutions and GPP.

Credit Suisse

The banking group has named Edwin Tan, the incumbent market leader for wealth management in Thailand, as the new head of the Philippines, Thailand and Vietnam, according to an internal memo seen by our sister publication Fund Selector Asia.

He will continue to be based in Thailand and take on additional responsibilities, starting 1 February.

Tan will report to Benjamin Cavalli, the head of wealth management for Asia Pacific at Credit Suisse.

The market leader for the Philippines, Sacha Eugster, will report to Tan after the organisational change.

In his expanded role, Tan will spend time in Singapore, Hong Kong, Thailand and the Philippines.

The current market group head for the Philippines, Thailand and Vietnam, Marcus Sloor, will be relocating back to Europe for family reasons and pursuing a new opportunity within the bank after spending nine years in the Singapore office, according to the statement.

Charles Stanley

The wealth manager has hired four financial planners across the UK.

Harry Bell joins the team in Manchester from Close Brothers Asset Management. John Moseley will join the Charles Stanley’s Leeds office from Allots Chartered Accountants, where he was an IFA.

Stephen Hughes also joins Charles Stanley in Edinburgh from Schroders Personal Wealth, and Gary Quick joins the Exeter office from Francis Clark Financial Planning.

Mediolanum International Funds

The European asset management platform of Mediolanum Banking Group has named Giorgio Carlino as head of multi management.

He has 22 years of experience in the industry and has held a variety of roles in his career, including fund of funds portfolio manager for Commerzbank, portfolio manager at RAS Asset Management in Milan, and multiple roles at Allianz Global Investors, including, most recently, global chief investment officer for multi-asset strategies.

Carlino succeeds Bish Limbu who will continue to serve as an adviser to the firm working closely with the multi manager team.

Boal & Co

Erica Power has joined the international retirement benefit solution provider as head of business development at its Gibraltar office.

She joins Boal & Co from Abacus Financial Services in Gibraltar.

Walker Crips Group

The financial services firm has hired Shane Bennett as head of investment strategy.

He joins from Exeter-based Cathedral Financial Management, where he joined in July 2012 as a research analyst and rose to head of investment.

Affinity Private Wealth

The Jersey-based firm has hired Elizabeth Shaw as associate director in its trust team.

Shaw joins from Bedell Cristin, where she was a senior associate.

Axa Investment Managers

Olivier Paquier has been appointed global head of ETF sales, effective immediately.

He was previously at State Street and JP Morgan Asset Management.

Market development manager Neil Jones has left the insurance company after over 11 years.

He joined Canada Life UK as a technical project manager in 2010 and was then promoted to his latest role in 2017.

Dubai Financial Services Authority

Christopher Calabia will become the chief executive of the Dubai regulator, effective from 1 October 2021.

He will succeed outgoing boss Bryan Stirewalt.

Calabia joins from the Bill & Melinda Gates Foundation, where he served as a senior adviser leading the foundation’s work to promote regulations that enable digital financial inclusion.

Brooks Macdonald

The wealth manager has bolstered its UK regional offering with two senior hires.

Jennifer Christian will become a business development manager for the north-west region, while Natalie Tysoe will take on the role of investment director in the Edinburgh office.

Both Christian and Tysoe join from Schroders Personal Wealth, where they served as investment specialists.

RBC GAM

The global asset manager has hired Serene Sun as director of Asia client coverage.

She will be based in Hong Kong and be responsible for coverage of Asia ex-Japan regional clients.

Sun was most recently vice president of client business for Blackrock in Hong Kong.

Succession Wealth

Andrew Barker has been named director of proposition at the advice firm.

He will be responsible for enhancing the company’s proposition across platform, strategy, use of technology and its protection and mortgage offering.

Barker joins from Standard Life, where he was head of advice proposition and delivery for the digital retirement advice business.

Quilter Cheviot

The discretionary investment firm has expanded its business development team with two hires.

Marshall Docherty joins the Edinburgh office from Aberdeen Standard Investments, where he worked as a sales team manager.

Nick Lumb will join the Leeds office, and was most recently responsible for discretionary and advisory relationships at Franklin Templeton.

Affinity Private Wealth

The Jersey-based wealth firm has recruited Jon Proudfoot as associate director for investments.

He will head up the company’s investment research process alongside the daily management of the investment team.

Proudfoot previously worked at UBP Asset Management, where he served as equity hedge strategy.

Abrdn

Hannah Grove will become a non-executive director at the investment firm starting from 1 September 2021.

She will replace Melanie Gee wo will step down from the board at the end of her second three-year term on 31 October 2021, as she has been named chair of Grosvenor Britain and Ireland.

Grove retired in November 2020 after serving as chief marketing officer for State Street.

Old Mill

The financial advisory firm has recruited Lucy Bennet as head of office.

She will be leading the Yeovil branch alongside her role as client adviser.

Bennet has been at the firm for the past six years.

The banking group has made three senior appointments in its wealth and personal banking investment unit.

Effective immediately, Willem Sels will be global chief investment officer of private banking and wealth management, while Jan-Marc Fergg will be global head of wealth products, ESG and mutual funds, and Patrick Boumalham takes on the role of global head of ultra-high net worth solutions.

Since joining HSBC in 2009, Sels was a fixed income strategist and the global chief market strategist for private banking.

Prior to HSBC, Fergg spent 20 years at UBS in a variety of senior roles.

Boumalham has been global head of markets products within HSBC Private Bank since 2017.

Credit Suisse

Simon Politzer will return to the UK as the chief operating officer for Credit Suisse (UK) and market area UK, according to a memo seen by International Adviser.

He joins from the bank’s Zurich office, where he has been heading up its UK international platform for the last two years.

Affinity Private Wealth

The wealth firm has named Michelle Tring as a director of its trust company.

Tring was most recently associated director at Estera.

Murphy Wealth

The UK financial planning firm has appointed John Moran as executive chair, and Neil Bage as chief behavioural officer.

Moran joined Murphy Wealth as commercial director in February 2020.

Bage is the co-founder of Be-IQ, the behavioural finance platform.

Tilney Smith & Williamson

The wealth manager has hired Richard Lindop, Lindsay Spencer and James Grayson as investment management directors.

They all previously worked at Brooks Macdonald.

Lindop joins Tilney Smith & Williamson in Leeds, while Spencer and Grayson will be based in Tilney Smith & Williamson’s Southampton office.

AllianceBernstein

The investment firm has named Patricia Molpeceres as sales director in the Iberian team.

Molpeceres was most recently at Franklin Templeton.

Coupland Cardiff Asset Management

The Asian equities specialist has hired Alvin Lizarondo as head of discretionary sales.

He joins from Columbia Threadneedle, where he was responsible for overseeing London discretionary clients.

Brown Shipley

The Quintet subsidiary has appointed Rupert Cecil as head of charity and philanthropy.

He joins Brown Shipley from Union Bancaire Privee.

Asiaciti Trust

The trust firm has appointed Ross Belhomme as managing director for its Singapore office.

Belhomme relocates from Switzerland, where he was concurrently the managing director of Alvarium Investment’s fiduciary business and a director of Guggenheim Investment Partners.

Monetary Authority of Singapore (MAS)

The Singapore regulator has named Sing Chiong Leong as deputy managing director of markets and development.

He takes over the position from Jacqueline Loh, who will remain as deputy managing director of corporate development.

Leong will also continue in his current role as assistant managing director of markets and investment until a successor is appointed.

Subject to regulatory approval from the Jersey Financial Services Commission (JFSC), the combined business will have over 50 professionals, serving in excess of 350 clients globally.

Pinnacle was founded in 1992 and works with a network of professional intermediaries across the world including in the Middle East.

Finances

Affinity Private Wealth said the “rationale for this acquisition is to increase market share, diversify our geographical reach, build capabilities and enhance efficiency”.

The deal has been financed through the support of existing and new shareholders, in conjunction with debt from Investec Bank.

The firm said there is no private equity involved, “ensuring stability and a focus on the long-term”.

The financial terms of the deal were not disclosed.

Changes

Iain Moodie, founder of Pinnacle, will be retiring, but remains available to assist with the integration, while James Wetherall, managing director of Pinnacle, will be joining the existing Affinity team as a group director.

David Stearn, chief executive of Affinity Private Wealth, said: “Despite the challenges of the covid-19 pandemic, we are proud to have completed this deal.

“We are confident the transaction is a win-win for our firms, clients, staff and other key stakeholders.

“Our vision, for the coming decade, is to build on our reputation and expertise to become a globally recognised wealth manager.”

Affinity is a Jersey-headquartered wealth manager, offering wealth consulting, trust and investment services.