November 30, 2011

New Hire Roundup: NAIBD Adds Two to Board; Former RBC Team Goes to JHS

Direxion names new sales director; Longfritz moves up at John Hancock; SEC advances Snyder

This week in new hires, the National Association of Independent Broker-Dealers made two additions to its board of directors; a wealth management team formerly of RBC moved over to JHS Capital Advisors; and Direxion named a new mid-South senior sales director.

Also, David Longfritz became senior marketing officer at John Hancock and Kristin Snyder moved up at the Securities and Exchange Commission.

NAIBD Welcomes Experienced Broker-Dealers to Board of Directors

The National Association of Independent Broker-Dealers (NAIBD) announced Tuesday that it has recruited two industry veterans to its board of directors. Tina Maloney, chairman and owner of Winslow, Evans & Crocker Inc. based in Boston, and Carolyn May, co-CCO and advisory director for Simmons First Investment Group in Little Rock, Ark., have joined 11 other NAIBD board members.

Maloney is active in the BD community through various speaking engagements and association involvements, including serving as the elected north region representative on the FINRA Small Firm Advisory Board and involvement with other various FINRA committees over the past several years. May currently serves as the southern regional representative to FINRA’s Small Firm Advisory Board, has participated on various FINRA committees since 2005 and is an active participant in several other industry organizations.

Other new 2011 board members are Stephen Marsh, founder and president of the hosted e-mail archiving and compliance vendor Smarsh Inc., Billy Hopkins, II, president and CEO of Silver Oak Securities in Jackson, Tenn., and Howard Spindel, senior managing director of Integrated Management Solutions and owner of Trump Securities in New York City. The board will continue to be led by current chairman David M. Sobel, executive vice president, general counsel and CCO of Abel/Noser Corp. in New York City.

JHS Capital Advisors Welcomes Wealth Management Team From RBC

Al SchofieldJHS Capital Advisors recently welcomed a new team of wealth managers based in Osterville, Mass. The team, previously with RBC Wealth Management, has more than 100 years of investment management experience and currently has approximately $250 million in assets under management.

The Osterville team is led by Alfred Schofield, branch director, vice president and chartered retirement planning counselor, and includes Dennis Cambal and Geoff Cambal, both senior vice presidents, and Tom Cypoliski and John Sargent, both vice presidents. The practice offers full-service wealth management, with a special focus on retirement income strategies, legacy planning, investment optimization and tax reduction.

The group also includes Stephanie Rolfe, senior registered client associate, and Barbara Raftery, senior client associate, who together have 30 years of cumulative customer support experience.

Direxion Names New Senior Sales Director for Mid-South Region

Direxion announced Monday that it has named Harold W. Clemons its new senior sales director for the mid-South region. Clemons is responsible for selling all of Direxion's buy-and-hold alternative investment strategy products to financial advisors across all channels, including wirehouse, regional broker dealers, registered investment advisor and others in his territory. He will serve advisors in Texas, Oklahoma, Louisiana, New Mexico, Arkansas, Kansas and Missouri, and be based in Texas.

Clemons joins Direxion from Principal Funds, where he served as regional director in the Dallas-Fort Worth area. During his more than 25 years of experience in the asset management business, he has worked at firms including Capital Real Estate Securities, Dreyfus, Merrill Lynch Investment Managers, BlackRock, and PimcoAllianz Investments.

John Hancock Names SVP David Longfritz as Chief Marketing Officer

John Hancock Financial announced recently that David Longfritz has been appointed chief marketing officer, a new position at the company. He reports to James R. Boyle, president of John Hancock, and is a member of Boyle's senior management team. In this role, Longfritz is responsible for brand communication functions and for developing new strategies to help John Hancock's insurance and wealth management business units achieve their objectives. He also has executive responsibility for John Hancock's sponsorship opportunities such as the Boston Marathon and the Boston Red Sox.

Previously he served as senior vice president and general manager of John Hancock's Retirement Income & Rollover Solutions unit, which develops integrated lifetime retirement solutions for individuals, utilizing the products and services provided by John Hancock's wealth management businesses. Prior to joining Manulife Wood Logan in 2000, he was a retail broker with Merrill Lynch. He also held marketing positions with Procter & Gamble, Titleist, and Dunlop.

Kristin Snyder Named Head of Examinations Program In SEC’s San Francisco Regional Office

The Securities and Exchange Commission announced Tuesday the appointment of Kristin Snyder to lead the examinations program in the agency’s San Francisco Regional Office. Snyder has worked at the SEC for the past eight years, serving as a branch chief and a senior counsel in the San Francisco office’s enforcement program.

In her new position as associate regional director for examinations, she leads a staff of approximately 50 accountants, examiners, attorneys and support staff responsible for the examination of broker-dealers, investment companies, investment advisers, and transfer agents across Northern California and the Pacific Northwest.

Snyder assumes the position vacated by Daryl Hagel when he retired from the agency. Prior to joining the SEC staff, she practiced with Sidley Austin Brown & Wood LLP in San Francisco.

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