Comings and Goings: Private Wealth Management

Two left coast private bankers have jumped ship from UBS to Deutsche Bank, the German financial services giant announced yesterday. Clinton Hodges, a former IRS estate tax lawyer, and Kyle Dunphy, also a legal eagle, have joined Deutsche’s Los Angeles office, a key market for DB’s wealth management business these days. They will work under the loving gaze of Paul Miller, Managing Director and Los Angeles Office Director. [Business Wire]

Bear Stearns bulked up its PCS division recently by adding four to alternative investment specialists to their regional offices. The of the four--Bill Fry from Legg Mason, David Mizrahi from Wachovia, and Bob Venzor from Merrill Lynch--are coming on as Managing Directors. [HedgeWorld]

James Brinkley, the current Vice Chairman of Legg Mason , will assume the same role within Smith Barney‘s Global Private Client Group when the firms’ $3.7 billion merger of the investment management firm is closed. The 43-year (!) veteran of Legg Mason will report to Charlie Johnston, President and CEO of Smith Barney’s Global Private Client Group. He was recently honored as the Alexis de Tocqueville Society philanthropist of the year, and chairs the board of directors of Business Volunteers Unlimited in Maryland. [Baltimore Biz Journal]

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