Industry

During his 17-year career, Aziz Hamzaogullari has honed a deliberate style for managing equity portfolios, pegging the worth of held companies not just by their market capitalizations, but whether they pass three important tests.

Peter Adamson, 47, a well-regarded money manager who pioneered the use of hedge funds in the 1980s, family office investments in the 1990s and currently serves as billionaire Eli Broad’s chief investment officer, has landed a job with the family office Oprah Winfrey is setting up to manage her billions. Adamson is reportedly Winfrey's first hire and is seen as a coup for the media mogul, worth an estimated $2.4 billion.

Michael Simonds is leaving Morgan Stanley Smith Barney to join Merrill Lynch as an associate director.

Fidelity Promotes Johnson To Oversee All Distribution

UMB Fund Services has signed a deal to acquire the managed accounts solutions business of J.P. Morgan Worldwide Securities Services.

The turmoil in the economy over the last few years has sent financial advisors scurrying for greener pastures and Baird has benefited as quality talent has flocked to the firm.

Wealth management veteran, Lawrence E. Gore, joined Wilmington Trust as the newest managing director and senior private client advisor for the company’s wealth advisory services business in the Northeast. He will work out of the firm’s New York office.

The UBS executive is named to chair a CFP Board council, changes at Citi Private Bank, and more.

A Heisman Trophy winner and former vice chairman of Citigroup Private Bank, has been named to Wilmington’s advisory board.

In a move to grow its business to the ultra-high-net-worth set over the next few years, Citi Private Bank has appointed Daniel J. Williams and Steven A. Gold to its private banking ranks.