Merchant Securities
The financial services group has appointed Chris Smith as its new head of institutional broking, focusing on establishing a research capability in the financials sector.

Smith has covered financials for over 20 years, latterly at Jefferies International and Oriel Securities.

He also previously worked for HSBC James Capel, where he was the top-ranked speciality financials analyst.

Clifford Chance
The law firm has hired Karim Klaus Emara as global head of business development and marketing, effective from the start of December.

Emara joins from Deutsche Bank, where he is currently a managing director and head of client marketing in the global banking division.

Prior to working at Deutsche, he was a partner at management consulting group Accenture.

MaxCap Partners
The wealth management group has appointed Mohammad Kamal Syed as its new chief executive, leaving founder Michael George to concentrate on the group’s investment committee.

Syed previously founded Axiom Funds Group in 2002, a fund of hedge funds specialising in fixed income relative value and market neutral strategies. Axiom’s funds have now been merged with MaxCap.

Barclays Wealth
The wealth management firm has appointed Robert Darlington as a director to lead its wealth structuring business in Switzerland.

Based in Geneva, Darlington will be responsible for leading the trust and fiduciary business, developing and implementing wealth structuring solutions for high and ultra-high net worth clients.

He joins from Lloyds TSB Geneva, where he was head of business development for the wealth structuring solutions group, and has also previously worked at Credit Suisse.

Standard Life
The savings and investment group has appointed Alan Armitage as director of its new “Take to Market” business, combining sales, marketing and distribution.

Armitage was previously chief executive of Standard Life Asia, where he led the group’s Hong Kong business. He has spent over 20 years at Standard Life, including management roles in the UK and Canada.

Roy Halliday, currently chief distribution officer in Hong Kong, will step up to chief executive of that business.