People On The Move
Elizabeth M. Engel has been named head of private bank lending at BNY Mellon Wealth Management in New York. Engel will oversee credit administration, underwriting and portfolio risk management. BNY Mellon Wealth Management has $158 billion in private client assets.

David Minesinger was hired as vice president of manager financial reporting at Triad Advisors in Atlanta. Minesinger worked at Capmark Finance and its predecessor companies, GMAC Commercial Mortgage and Lend Lease Real Estate Investments, from 1998 to 2007.

Stanford Group announced the hiring of nine new executives to staff private client offices in Richmond, Va.; Columbus, Miss., and Austin, Texas. Five newcomers will join Stanford's new Private Client Group office in Richmond, Va.: Managing Director Steve Trautwein; Elsie Metzl, senior vice president of administration and operations; Bill Scott, managing director of investments, and Paul Adkins and Steve Pritsios, who will serve as senior vice presidents and financial advisors. Trautwein was previously managing director in the private wealth division of FBR Capital Markets, where he worked with Scott, Adkins and Pritsios. In 1996, Trautwein unsuccessfully ran for the U.S. House of Representatives in Pennsylvania's 6th Congressional District.

Stanford Group also announced that Steve Greenshaw and Wiley Carter Hutchins Jr., both from UBS Wealth Management in Columbus, Miss., will staff Stanford's new Private Client Group in Columbus as vice presidents and financial advisors. Meanwhile, Jeff Ricks and Michael DeGolier, both from Banc of America Investment Services Inc., will join Stanford's Austin Private Client Group as vice presidents and financial advisors. Stephanie Lewis will also join the office as a client service associate.

Berthel Fisher, an independent broker-dealer in Marion, Iowa, announced the promotions of Rick Murphy to senior vice president of sales and product marketing and Julie Driscoll to executive vice president of recruiting and public relations/corporate development.

Lord, Abbett & Co. in Jersey City, N.J., announced the appointment of 17 new partners, giving the independent investment management firm a total of 62 partners. The new partners include Elizabeth MacLean, portfolio manager for the Lord Abbett Floating Rate Fund; Andrew O'Brien, portfolio manager for the Lord Abbett Income Fund, and Daniel Solender, portfolio manager for Lord Abbett's high-grade and high-yield tax-free funds.

Ogier Launches Global Private Wealth Service
Ogier, a provider of offshore legal and fiduciary services, is launching a wealth planning service for ultra-high-net-worth clients.

The new service pulls together a number of Ogier's units under the brand of Ogier Private Wealth. The services include the creation and administration of trusts, private trust companies, employer-funded structures and investment funds, and real estate advice, according to the company.

The creation of the service is a reflection of the fact that the ultra-affluent are looking for more sophisticated investment management, says Ogier partner Philip Le Cornu. "The sophistication of the way they invest means the administration has become more technical and specialized," Le Cornu says.

Ogier is essentially a law firm and trust company combined into one and specializes in administering entities such as limited partnerships and unit trusts, says Ogier partner Steven Meiklejohn.

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