This week in new hires, Terry Keeley joined BlackRock as head of the firm’s official institutions group and John Copeland came to AMG to head up a new subsidiary. Jim Lyday joined Lincoln Financial, and GW&K promoted Kane, Thibault and McCarthy. Also, Larch Lane named David Katz president and COO, and Laura Chernova was welcomed by United Capital of San Francisco.
BlackRock Appoints Terrence Keeley as Head of Official Institutions Group
BlackRock Inc. on Monday announced that Terry Keeley has joined the company as a managing director and head of the official institutions group, reporting jointly to Robert Fairbairn, senior managing director and head of BlackRock's global client group, and Lee Kempler, managing director and executive director of the BlackRock Investment Institute. He will be based in New York.
In this newly created position, Keeley will oversee the development of relationships and services BlackRock provides to a worldwide client base comprising approximately $235 billion in total AUM for central banks, sovereign wealth funds and supra-nationals. He will also assist in designing the Investment Institute, launched earlier this year. The institute is a global platform designed to leverage the firm's expertise in markets, asset classes and investor segments.
Keeley founded Sovereign Trends LLC, a New York advisory firm. From May 1988 until July 2010, he worked for UBS’ investment banking and asset management subsidiaries in a variety of managerial posts, operating out of London, New York and Chicago. Prior to his private sector career, he worked for Congressman David Stockman, and for President Ronald Reagan's Council of Economic Advisors, where he wrote speeches for Chairman Murray Weidenbaum.
AMG Hires John Copeland to Lead New Wealth Management Business
Affiliated Managers Group Inc., a global asset management company, on Tuesday appointed John W. Copeland III as president of AMG Wealth Partners, a newly formed subsidiary of AMG focusing on investments in boutique wealth management firms. Copeland, a 23-year veteran of the wealth management industry, will be based in West Palm Beach, Fla., and will report to Sean M. Healey, AMG’s chairman and CEO.
AMG’s business model allows an affiliate management team to retain significant equity in its firm, as well as maintain its culture, client service model and investment philosophy, all while gaining access to the resources of a global firm. AMG Wealth Partners will tailor this partnership approach, and the support services it offers, to meet the unique needs of wealth management boutiques.
Copeland joins AMG Wealth Partners from Morgan Stanley, where he was a senior partner for one of the firm’s largest private wealth management teams. Prior to that, he was a managing director at Lehman Brothers in the firm’s private investment management division. He also served as a managing director for e-commerce and wealth management at Credit Suisse First Boston, where he oversaw the development of a state-of-the-art platform for the wealth advisory business. He spent 12 years in the private client services group of Goldman, Sachs & Co., where he held successive positions over a 12-year career. In his final role as managing director, he was a senior member of the management team for the overall private client business.
Lincoln Financial Names Jim Lyday Head of Institutional Retirement Solutions Distribution
Lincoln Financial Distributors (LFD), the wholesale distribution subsidiary of Lincoln Financial Group (LNC), announced Tuesday that Jim Lyday has joined the firm as head of institutional retirement solutions distribution.
Effective immediately, Lyday will report directly to Will Fuller, president and CEO of LFD, and will be responsible for leading the growth strategies for the distribution of Lincoln's defined contribution business in the full service mid-to-large employer retirement plan market.
Prior to joining Lincoln, Lyday most recently served in various senior management roles for Prudential Financial and The Principal Financial Group, where he was responsible for developing and implementing growth strategies for their defined contribution businesses.
GW&K Names Mary Kane and Jeff Thibault Partners; Jim McCarthy Named Principal
Gannett Welsh & Kotler LLC (GW&K), a manager of active equity and fixed income investment strategies, on June 9 named two portfolio managers—Mary F. Kane, CFA, and Jeffrey W. Thibault, CFA—as partners. The firm also named its director of private client services, Jim McCarthy, CFA, as principal.
Kane is the lead portfolio manager for GW&K’s taxable fixed income strategies and is a member of the firm’s investment committee. Prior to joining GW&K in 2005, she was a managing director and portfolio manager with Fortis Investments and a vice president and portfolio manager with Invesco. She started her investment career as a fixed income trader at Gardner and Preston Moss.
Thibault serves as the lead portfolio manager for GW&K’s small-cap and small-/mid-cap equity strategies, directs the firm’s research on small- and mid-cap stocks, and is a member of the firm’s investment committee. Prior to joining GW&K in 2004, he worked for BNY Asset Management, first as an associate analyst and later as an analyst on the firm’s small-cap growth investment team.
McCarthy is a relationship manager where he directs client service for the firm’s private clients. He is also a member of the firm’s investment committee. Prior to joining GW&K in 2003, he was a vice president and portfolio analyst at Putnam Investments and a sales officer at Mellon Private Asset Management.
Larch Lane Advisors Appoints David Katz as President and COO
Larch Lane Advisors LLC announced Tuesday that David Katz has been appointed as president and COO. His addition to the Larch Lane team underscores the firm’s long-term commitment to providing advisory services focused on early stage hedge fund investing and seeding.
Katz has over 20 years of experience in institutional consulting and building investment advisory businesses. He previously served as co-founder and partner of Rocaton Investment Advisors, an investment consulting firm. Prior to that, Katz worked as a managing director of investment consulting firm BARRA RogersCasey and at Goldman Sachs.
Katz replaces the current COO, Kevin Mirabile, who will remain an important part of Larch Lane by maintaining a senior leadership role and serving as an advisory director on the firm’s board. He will also expand his role as a lecturer at FordhamUniversity.
United Capital of San Francisco Adds Laura Chernova to Team of Wealth Advisors
United Capital of San Francisco, a division of United Capital Financial Advisers LLC, a national network of financial advisory firms, announced Monday that Laura Chernova, CFP, has joined the firm as a senior wealth advisor. Chernova brings 17 years of experience to help her clients with their wealth management and planning needs.
Chernova began her wealth management career in 1994 at Wetherby Asset Management where she was a key contributor in the firm’s evolution from four employees, managing $90 million of assets under management, to over 45 employees with nearly $2 billion of assets under management. She then joined StanCorp Investment Advisers and managed the client base of 70 clients.