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Executive Moves


BoA's U.S. Trust Appoints Private Wealth Strategists

U.S. Trust, Bank of America Private Wealth Management has announced the appointment of 12 client-facing professionals for the New York metropolitan area.

Ada Clapp, Michael Josephs and Nancy Kistner have been appointed wealth strategies advisers for U.S. Trust Wealth Strategies. Jaclyn Kim will be an associate wealth strategist.

David Polansky has been tapped as U.S. Trust city executive. Charles Walker has taken on the role of wealth consultant, while John Dawson and Noah Kupferman are private client managers, and Stephanie Young has become private client adviser.

Peter Burkly and John Lori have been named portfolio managers; Donna McGoey takes on the role of specialty asset manager.

The New York area has seen 25 additions from U.S. Trust in the past seven months.

"We continue to see an increased demand for wealth management solutions in New York and nationwide," said Alan Rappaport, vice chairman of U.S. Trust. "The expansion of our New York offices with these experienced individuals represents U.S. Trust's commitment to meeting the diverse needs of our clientele in this region."

Takian Becomes Chief of Morgan's Retail Business

Randy Takian, head of strategy and development for Morgan Stanley's hedge fund and alternative investment products, is now chief of its investment management unit's retail and intermediary business.

Prior to joining Morgan in 2006, Takian oversaw strategy and mergers and acquisitions for Bank of America's global wealth and investment management business.

Morgan recently split its investment products into two units, with Van Kampen running the mutual fund and traditional investment management products, and Morgan Stanley focusing on funds-of-funds, separate accounts and other products targeted to wealthy individual investors.

Both units were run by Michael Kiley until his resignation in March. Jerry Miller was named head of the Van Kampen unit at that time.

JPMorgan Names Lazio MD, Asset Management

Rick Lazio, head of government relations at JPMorgan Chase since 2004 and one-time candidate for New York Senator, is taking on a new role. He is now a managing director in the company's asset management operations.

Lazio, 50, will focus on client development in the global real estate and infrastructure group, strengthening relationships with governmental and public officials.

"Rick's background and relationships, which span both business and government, will provide us with unique insight and access to key clients and help us maintain the business growth we have enjoyed these past few years," said Jes Staley, the head of the asset management business.

A former Republican Congressman representing Long Island, Lazio gave up his political career after losing the 2000 Senate race in New York to Hillary Clinton, in a campaign where he was seriously outspent by his rival and had few odds in his favor.

Now Accepting Candidates For MME Board Position

Money Management Executive has an opening on its editorial board for an interested executive of the long-term retail asset management industry. The newsweekly holds editorial board conference calls once a year and informal discussions and meetings on a more frequent basis. If interested, please contact the editor.

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