The world of wealth management and private banking is constantly evolving, with key players making strategic moves and notable appointments that shape the industry landscape. From New York to Singapore, a wave of changes and advancements are introducing fresh perspectives and expertise to this dynamic sector.
In the UK, Progeny welcomed Tim Gillman as Chief Operating Officer, bringing over 30 years of experience in operations, technology, and risk management to enhance the firm’s capabilities. Meanwhile, Coutts appointed Dennis Howard to lead its Crown Dependencies business in Jersey, creating a newly established role to drive innovation and growth.
Not to be outdone, Swiss private bank Bonhôte named Kim-Andrée Potvin as Chief Operating Officer, adding a wealth of experience from her tenure at BNP Paribas to reinforce the bank’s operational excellence. In the US, PNC Financial Services Group appointed Michael P Lyons as President, marking a strategic shift in leadership to steer the company’s banking subsidiary, PNC Bank, into a new era of growth.
Across the Asia-Pacific region, OCBC set up a new division focused on Group Strategy, Innovation, and Sustainability, appointing Elaine Heng to lead the charge with her extensive experience in banking and retail business. In the private wealth space, Citizens Financial Group expanded its presence in Boston, with Michael Cherny and Tom Metzger leading the charge to provide tailored wealth management services.
These moves underscore the ongoing transformation and innovation in the wealth management and private banking sector, highlighting the industry’s commitment to delivering superior client experiences and driving sustainable growth. As global markets continue to evolve, strategic appointments and developments will be crucial in navigating the complexities of wealth management and meeting the evolving needs of clients in a rapidly changing landscape.
