Home > News > Asset Management Culture > Boston Family Advisors Names Laura Tuttle, Warren Gibbon Co-CIOs
Asset Management Culture

Boston Family Advisors Names Laura Tuttle, Warren Gibbon Co-CIOs

Tuttle joins from SCS Financial, while Gibbon has been promoted from chief investment strategist.
By Michael Katz

Laura Tuttle

Boston Family Advisors, a wealth management firm that specializes in creating single family offices, has named Laura Tuttle and Warren Gibbon as its new co-CIOs, which became effective April 1.

Tuttle was most recently a director at multi-family office SCS Financial, where she had worked since September 2018. Previously, she had a 12-year stint at Cambridge Associates, where she was a managing director in the company’s private client practice. Prior to Cambridge Associates, Tuttle was an investment analyst at FLAG Capital Management and before that was an analyst at Thomas Weisel Partners.

Warren Gibbon

“We are thrilled to bring on Laura, whose entrepreneurialism and deep investment knowledge will further cement us as an institutional-quality adviser,” Nicholas Hofer, founder and president of Boston Family Advisors, said in a statement.

According to Boston Family Advisors, much of Tuttle’s career has focused on alternative investments for high-net-worth individuals, families, endowments, and foundations. She is also experienced at administering various trust instruments, guiding family clients through generational shifts, and developing customized investment strategies. The firm also said Tuttle has spent several years building female-focused mentorships, resources, and networking programs at her previous firms.

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“I am excited to partner with this stellar team and investment committee to help our clients build legacies of wealth and create lasting impact through their investment portfolios,” Tuttle said in a statement.

Gibbon, who joined Boston Family Advisors in February 2020 as chief investment strategist, has been promoted to co-CIO simultaneously with Tuttle joining the firm.

Before he joined Boston Family Advisors, Gibbon was interim chief financial officer at software firm Voicify, and prior to that he was an investment director and portfolio manager at Aberdeen Standard Investments. Before Aberdeen, Gibbon was a senior equity analyst and portfolio manager at BNP Paribas Investment Partners.

Gibbon started his career as an equity research analyst at Fortis Investments.

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Home > News > Risk > North Korean Extradited to US to Face Money Laundering Charges
Risk

North Korean Extradited to US to Face Money Laundering Charges

Mun Chol Myong is the first North Korean to ever face criminal charges in the US.
By Michael Katz


For the first time ever, a North Korean national has been extradited to the United States to face criminal charges, an achievement that authorities said took two years of legal wrangling and the help of the FBI and an unnamed foreign country.

Mun Chol Myong, 55, faces six counts of money laundering, including conspiracy to commit money laundering, as part of an alleged scheme to covertly and fraudulently access the US financial system to provide luxury items to North Koreans.

According to an indictment unsealed by the US District Court for the District of Columbia, the scheme involved a web of front companies and US bank accounts registered to false names on behalf of North Korean entities that were otherwise barred from the US financial system.

The indictment alleges that between 2013 and 2018, Mun and others defrauded US banks and violated both US and United Nations sanctions in money laundering transactions valued at more than $1.5 million. Mun was allegedly affiliated with North Korea’s primary intelligence organization, the Reconnaissance General Bureau, which is subject to sanctions by both the US and the UN.  

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The indictment also said that Mun was an employee of Singapore-based Sinsar Trading and that he relocated to Malaysia after he was expelled from Singapore over violations of UN Security Council Resolution 2321, which condemned missile tests conducted by North Korea in September 2016. Sinsar, according to the FBI, procured for North Korean customers controlled US-origin technology, agriculture commodities, and prohibited luxury goods, such as liquor and tobacco.

The FBI said that by intentionally concealing that their transactions were for the benefit of North Korean entities, Mun and his co-conspirators deceived US correspondent banks into processing transactions which they would have otherwise not processed. Mun has been detained in an unnamed foreign country since his arrest in that country in May 2019, the agency said.  

“One of the FBI’s biggest counterintelligence challenges is bringing overseas defendants to justice, especially in the case of North Korea,” Assistant Director Alan Kohler Jr. of the FBI’s Counterintelligence Division, said in a statement. “Thanks to the FBI’s partnership with foreign authorities, we’re proud to bring Mun Chol Myong to the United States to face justice, and we hope he will be the first of many.”  

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