In new-hire news this week, Raymond James Financial CEO Paul Reilly announced that Jamie Augustine would succeed Van Sayler as the head of Raymond James’ Fixed Income department.
“Since joining our firm, Jamie has led the growth of our depository institutions and middle market practices to rival those of our competitors who have been in that business for many years,” said Reilly in a statement.
Augustine joined Raymond James in 2008 from Bear Stearns and has been serving as the director of middle markets institutional fixed income. His responsibilities include institutional sales, the taxable fixed income strategies group, SBA trading and whole loan trading. Augustine had served as the director of Bear Stearns’ middle markets fixed income group, headquartered in Memphis, Tenn.
Sayler will continue to run the department through the balance of the firm’s fiscal year, working with Augustine to transition responsibilities until October 1, when the transition plan will be complete. Sayler will remain with the firm in a senior advisory capacity.
ETF Securities Marketing
ETFS Marketing LLC has appointed Joe Valdman and Justin Levantino to the U.S. sales team as part of ETF Securities’ aggressive U.S. business expansion plans and continued growth in the U.S. physically backed exchange traded product (ETP) platform, covering funds such as SGOL, SIVR, PPLT, PALL, AGOL, GLTR and WITE.
Valdman, U.S. vice president of sales, will be based in New York and cover wirehouses and RIAs in the northeast region. Prior to joining ETFS, Valdman was vice president at Foreside Fund Services, providing third-party sales and marketing services to startup asset managers. Prior to Foreside, he was a member of a HNW wealth management team at Morgan Stanley.
Levantino,also U.S. vice president of sales, will be based in Houston, Texas, and will cover the south central region for ETF securities. Prior to joining ETFS, Levantino was a regional vice president covering the Pacific Northwest for Invesco. He started in the industry in 2004 as a financial advisor with Morgan Stanley.
Putnam Investments announced Wednesday that it has hired two industry veterans for senior positions in defined contribution sales and client relations. Michael R. Shamon will be responsible for Putnam’s internal defined contribution sales team, working with advisors and consultants nationally to support the sales of Putnam’s full-service and investment-only retirement businesses. Daniel E. McDermott will serve as relationship manager, focused on mid- to large-sized retirement plans.
Shamon, who will report to National Sales Manager Jim Brockelman, joins Putnam from J.P. Morgan Asset Management in Boston, where he was vice president, client advisor, in the firm’s retirement plan services division. McDermott joins Putnam from Prudential Retirement in Hartford, Conn., where he was vice president, relationship management, responsible for managing relationships for some of the firm’s largest clients. McDermott will report to Michael MacWade, director of defined contribution relationship management.
Rogerscasey, a global investment solutions firm serving institutional asset owners and financial services firms, announced Tuesday that Hilary Wiek will be a director within the firm’s alpha investment research group, effective May 9. Wiek joins the global equity team, and will help lead Rogerscasey’s efforts in identifying global equity, U.S. equity and non-U.S. equity managers.
Wiek has over 18 years of investment-related experience, most recently as director of public and private equity for the South Carolina Retirement System. She holds a BBA from the University of Puget Sound and an MBA from Case Western Reserve University’s Weatherhead School of Management, and carries CFA and CAIA designations.
Chris Thompson, managing director within the alpha investment group, states, “We are excited to have Hilary join our equity team. She brings not only very relevant manager research experience, but also the desire and tools necessary to help develop investment thought leadership within our organization.” Wiek will be based in the firm’s Darien office.
American United Life Insurance Co.
American United Life Insurance Co. (AUL), a OneAmerica company, announced Wednesday that Scott Pawlich would be regional sales director for Michigan in the firm’s Detroit-based retirement services division. Pawlich has a background in employee retirement programs within the state of Michigan.
“Scott is a top sales consultant in the institutional and trust marketplace and will play a big role in helping us deploy our new trust solution that came as a result of our McCready and Keene acquisition,” said Bill Yoerger, senior vice president, in a statement.
Previously, Pawlich was vice president for institutional sales for Diversified Investment Advisors. Prior to that, he was managing director of institutional sales for MassMutual Retirement Services in Michigan. He will report to Mark Glavin, vice president of national sales and service distribution.
The National Council of Real Estate Investment Fiduciaries (NCREIF), a not-for-profit trade association that produces performance measurement benchmarks and indices for the institutional real estate investment community, announced April 28 the hiring of Jeffrey Havsy as its a new director of research.
Havsy previously served as global strategist at Property and Portfolio Research, where his responsibilities included U.S. office market coverage, assisting in the design of real estate derivatives and helping build research capabilities in Europe and Asia. He was also vice president, strategic research at Equity Office Properties, where he spearheaded long-term research projects for the company’s holdings.
Read last week's New Hire Roundup at AdvisorOne.com.