People in the retirement industry are on the move | PLANADVISER


Art of Subin Yang

Easterly Asset Management Hires VP of Intermediary Relations

Eastern Asset Managementa multi-affiliate asset manager of boutique investment firms, announced the hiring of Michael Burke as Vice President of Channel Relations.

Burke brings with him nearly 30 years of experience in the financial industry. Prior to joining Easterly, he was National Accounts Manager for Ivy Investments. Burke held similar positions at Pioneer Investment and Deutsche Asset Management. He holds his Series 7, 24 and 63 licenses and is a Certified Investment Management Analyst.

In his role prior to joining Easterly, Burke led the national account team at Ivy Investments which covered all responsibilities for connection houses, independent businesses, defined contribution only investments, asset management programs Turnkey and Registered Investment Advisors in Ivy’s Mutual Fund, Separately Managed Accounts and Retirement. range of products. He established and implemented sales and product strategy for the company and maintained primary coverage responsibilities for Merrill, Morgan Stanley and UBS.

Prior to Ivy, Burke managed the largest distribution relationships for Pioneer Investments and grew mutual fund, individual pension plan, closed-end fund and separately managed account investments across all platforms. He also developed and implemented marketing and business development plans to showcase Pioneer’s products and capitalize on industry trends.

“We are delighted to welcome Mike to the company,” said Mike Collins, Head of Distribution at Easterly. “He brings with him a wealth of relationships and experience in the National Accounts space. Combining his expertise with our exciting product line is destined to increase our placements and visibility across all platforms.

Burke, who will work out of Easterly’s headquarters in Beverly, Mass., earned his bachelor’s degree in economics from Fairfield University.

Halbert Hargrove appoints new CEO

Halbert Hargrovea trust investment management and wealth advisory firm headquartered in Long Beach, Calif., promoted the company’s president and chief operating officer, JC Abusaid, to CEO. The company also promoted Cecilia Williams as Chief Operating Officer and Kelli Kiemle as Managing Director of Growth and Customer Experience.

Abusaid has been with the company for 25 years and has worked closely with Williams and Kiemle, who have each been with the company for 15 years. Williams, who was previously director of investment operations, was responsible for managing relationships with Halbert Hargrove’s institutional business partners. Formerly Director of Marketing and Customer Experience, Kiemle set the tone for customer service relationships and oversaw the company’s extensive marketing and communications initiatives. Now, as Managing Director of Growth and Customer Experience, she will oversee the company’s marketing and communications initiatives, as well as its sales efforts.

by Halbert Hargrove Chairman and former CEO Russ Hill will remain Chairman of the company. Hill, who has hired and trained Abusaid for the past 25 years, managed Halbert Hargrove for more than four decades.

“At Halbert Hargrove, we believe that a life well lived is about more than money, which is why we have worked hard to cultivate a company culture where employees want to be part of every day and grow with them. us,” Hill said. “The future of our firm is in excellent hands since JC has been leading us for a long time. I am confident that we will continue to grow our business while cultivating an incredible culture. »

abrdn strengthens its consultant relations team

abrdn announced that Jacqueline Carr and Elizabeth Kaicher joined the firm as senior directors, focused on North American consultant relationships. Carr and Kaicher are based in New York and report to Eric Roberts, facilities manager.

Prior to joining abrdn, Carr was a partner and head of North American consultant relations at Stone Harbor Investment Partners. Previously, she was responsible for consultant relations at BNP Paribas Asset Management and at PineBridge Investments. She has also held senior management positions at Commonfund and Morgan Stanley Investment Management. Carr earned her MBA in finance from Fordham University’s Graduate School of Business and a bachelor’s degree in economics from William Smith College.

Kaicher joins abrdn from BNP Paribas Asset Management, where she led consultant relations efforts for the company in North America. Prior to her experience in the consultant channel, she worked in the team dedicated to covering central banks and official institutions for FFTW, an investment partner of BNP Paribas. She has also held sales and relationship management positions at Deutsche Bank and Standard Chartered Bank. Kaicher earned her bachelor’s degree from Providence College.

Nationwide promotes pension risk transfer business leader

At national scale announced that Paula Cole has been promoted to vice president. Cole will continue to lead Nationwide’s retirement risk transfer business.

With a career spanning more than 20 years, Cole’s leadership over the past two years at Nationwide has been instrumental in the company’s success in the PRT market. She helped develop the strategic direction for Nationwide’s PRT business, which more than doubled its 2021 annual sales target. sales.

“Since our return to the PRT market, we have elevated and accelerated our people, processes and tools. As we strive to become an industry leader, supporting plan sponsors and members, Paula’s promotion demonstrates our commitment to our strategy and aggressive growth plans,” said JJ Perez, President of Nationwide Corporate Solutions. “PRT is a company in which we are committed for the long term. Under Paula’s leadership, our team leverages Nationwide’s core competencies with some of the best talent in the industry, delivering on our promises with extraordinary care.

Nationwide’s PRT business leverages nearly 100 years of annuity, defined benefit and risk management experience, as well as the firm’s financial strength, to serve a legacy portfolio with more than 500 contracts and 20,0000 annuitants, plus 10,000 annuitants added since Nationwide’s 2020 Re-entry into the PRT market, with a focus on personalized service and ease of transition. In 2022, the company will expand its capabilities to accommodate plan needs, including in-kind assets, cash balance and segregated account transactions.

In addition to her professional accomplishments, Cole serves as Vice President of Nationwide’s African American Women’s Associate Resource Group. She is also an active leader in supporting her colleagues through performance management, mentoring, and diversity and inclusion efforts. She serves her local community as a board member of Thurber House and as a district activist leader for the National MS Society.

JP Morgan Announces Appointment of Head of Insurance and Annuities

As the company continues to develop its insurance and annuity capabilities, JP Morgan announced that Paul Hewitt joined the firm as head of insurance and annuities for the US private bankreporting to Laura Pantaleo, Head of Insurance and Retirement Solutions.

In this new role, Hewitt will be responsible for growing adoption of annuity and insurance products by US private banking advisors and clients. He will partner with JP Morgan’s product, business development and consulting teams to design education and thought leadership as the company rolls out this new offering for private banking. Hewitt will engage with advisors to provide guidance and promote solutions to help customers achieve the peace of mind associated with location and asset protection.

Paul brings over 25 years of experience focused on insurance-based solutions and estate planning for America’s wealthiest families. He spent eight years at UBS Private Wealth Management, including as head of insurance sales and distribution with responsibility for sales strategy, growth, delivery and execution. Previously, he worked at Merrill Lynch for a decade, where he was responsible for insurance solutions for the Private Banking & Investment Group and the US Trust business.

Verity Asset Management appoints Chief Governance Officer

Verity Asset Managementregistered investment adviser, has appointed Robert McLean as Director of Governance of its newly launched service offering, the Vynntana plan governance platform. Vynntana provides a suite of tools and services to support 403(b) and 457(b) plan sponsors and the non-Employee Retirement Income Security Act retirement vehicles they provide to their eligible employees.

Having worked in the area of ​​employer-sponsored retirement plans since 2008, McLean joined Verity Asset Management in October. Former President and CEO of independent third-party administrator US OMNI, he brings a wealth of knowledge and senior executive experience gained in roles ranging from chief counsel and senior executive to plan industry consultant. public sector pension. He earned his Juris Doctorate from Villanova University School of Law and his Bachelor of Arts in Political Science from Boston College.

His responsibilities will include the design of operational policies and procedures, service offerings, training systems and customer experience systems that underpin Vynntana.

River and Mercantile Consulting Business Announces Rebranding

As part of the sale of River and Mercantile to AssetCo in the United Kingdom, its The American consulting firm announces a spin-off, creating an independent private investment, actuarial and risk management group. Led by the American management team and renamed Agilisthe new entity will remain focused on serving institutional investor clients with the same team in place.

The split will strengthen the organization’s customer focus and better position the team for future growth. Agilis’ core business will continue to focus on custom solutions provided by outsourced investment manager, actuarial and investment consulting, derivatives management, and actuarial and pension plan administration services. , including annuity redemptions and plan terminations.

With approximately 40 professionals across the United States, Agilis is headquartered in Boston, with additional offices in New York and Denver. The full team of US consultants will remain intact, including the leadership of the US organization.

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