This week in new hires, Timothy Horan moved to Chilton Private Clients, with a team of four; Eric Pan joined the SEC; Roger C. Myers, Jr. was named CFO at the CFP Board; and Neuberger Berman added four new wholesalers.
Also, Raymond James announces new tech-focused managers; the Connors Group named James Lonergan its new CEO; and Peter McManus joined Granite Investment Advisors.
Morgan Stanley’s Timothy Horan to Join Chilton Private Clients as Fixed-Income CIO
Chilton Trust Management, in affiliation with Chilton Private Clients, announced Tuesday the hiring of Timothy Horan from Morgan Stanley Smith Barney as executive vice president and chief investment officer—fixed income.
Horan, currently managing director and CIO at MSSB Fixed Income Investment Advisors, will join CPC on Jan. 3, where he will work closely with Richard L. Chilton Jr., chairman of Chilton Trust and CPC and who will continue to serve as CIO for equities.
Joining Horan will be four fixed income investment professionals: Debra Crovicz, William McNaught and Nicholas Rafferty, also from MSSB, and Jessica Lamendola from Moody’s Investor Services.
In addition, CPC has signed an agreement with MSSB through which Horan and his team, based in the New York office, will continue to provide fixed income management services to their existing MSSB clients as a subadvisor on the MSSB Global Investment Services platform.
Horan has over 25 years of experience in the financial services field and for more than 10 years at Morgan Stanley, in both New York and London, he led the fixed income portfolio management business for ultra-high-net-worth private clients, charities, endowments and family offices.
Debra Crovicz, a fixed income investment manager for over 25 years, will join as senior vice president. She was previously executive director and senior portfolio manager at MSSB, overseeing $3 billion in municipal assets.
William McNaught will join as senior vice president. Previously he served as an executive director and senior portfolio manager at MSSB, overseeing $3 billion in U.S. taxable and international fixed income.
Nicholas Rafferty will join as vice president and junior portfolio manager. He has extensive experience trading tax advantaged, taxable and international assets in customized, separately managed discretionary portfolios.
Jessica Lamendola will join the company as senior research associate. She was the local government lead for Moody’s for various Northeast cities, responsible for the maintenance and accuracy of a portfolio of local government entity ratings and for performing credit reviews of municipalities that issue tax and/or revenue-backed debt.
SEC Names Eric Pan as Associate Director in Office of International Affairs
The Securities and Exchange Commission announced Tuesday that Eric J. Pan has been named associate director in the SEC’s Office of International Affairs, where he will oversee the development of international regulatory policy.
The Office of International Affairs advises the SEC on cross-border enforcement and regulatory matters, engages in regulatory dialogues with authorities outside the U.S., provides technical assistance, and is responsible for participation in multilateral standard setting bodies such as the Financial Stability Board and International Organization of Securities Commissions.
Pan has been an academic fellow in the Office of International Affairs since January 2011 while on leave as associate professor of law and director of The Heyman Center on Corporate Governance at the Benjamin N. Cardozo School of Law in New York. Previously, he was an attorney at the law firm Covington & Burling.
Neuberger Berman Builds RIA Wealth Management Practice, Hiring 4
Asset management firm Neuberger Berman announced that it has added three new external wholesalers and one internal wholesaler to its family office and RIA practice. Shad Besikof, Stephen Donovan, Philip Nolan, and Kristian Omicioli have all joined the firm since April. All four will report to Scott Kilgallen, managing director, in charge of intermediary distribution, subadvisory, RIAs, retirement and private banks.
Besikof, a vice president, came from Fidelity Investments Institutional Wealth Services, where he had been a vice president, senior sales and branch manager. He will market wealth strategies in the West region.
Donovan, a vice president, came from Old Mutual Investments in July, where he had been a vice president in institutional wealth services to the RIA channel; earlier he had worked at Oppenheimer Funds, Smith Barney and Janus Capital. Donovan will represent the firm in the Central and Southeast regions.
Nolan, associate and internal wholesaler, came from Venice Ventures in March; earlier he was a global wealth management associate for AllianceBernstein. Omicioli, a vice president, joined in August. He is responsible for marketing traditional and alternative strategies to RIAs in the Northeast and Mid-Atlantic. Prior to this, he marketed traditional and alternative mutual funds through the RIA channel for both Janus Capital and Lattice Strategies.
Raymond James Makes New Appointments to Enhance Advisor Support
Raymond James recently announced several new appointments in both information technology and operations.
Vincent Campagnoli was named senior vice president, head of private client group technology strategy and development. In this new position, he reports directly to Chet Helck, Raymond James COO and head of the private client group.
Campagnoli has more than 25 years of financial services industry experience, with specialty in advisor and client technology and reporting, and financial planning and portfolio management systems. Prior to joining Raymond James he held senior-level positions at UBS Wealth Management Americas, Morgan Stanley and Prudential/Wachovia Securities.
In each instance, he worked closely with Bella Loykhter Allaire, who in June was named the firm’s executive vice president of technology and operations.
Helck also announced the appointment of Sateesh Prabakaran as chief architect, heading several key areas, including architecture, enterprise data and database administration. He joins Raymond James from BNY Mellon, where he was chief architect and managing director.
Prior to that, Prabakaran was senior vice president and chief architect for Standard & Poor’s and senior vice president for global fixed income technology at Lehman Brothers. Before working on Wall Street, Prabakaran held research positions with Bell Labs and IBM’s Watson Research Labs.
Prabakaran reports directly to David Allen, chief technology officer, architecture and core services, who was named to his position in October. Prior to this, Allen had been leading software development for the firm.
He initially joined Raymond James in May 2010, from IBM’s strategy and transformation consulting practice where he focused on financial markets and banking. His clients included Goldman Sachs, Bank of America/Merrill Lynch and BNY Mellon.
Also joining the team is Joe Meyer, named to the new position of technology consultant; he will help advisors evaluate the most appropriate reporting, planning, discretionary trading and CRM systems, and recommend those that will best support their practices. Meyer joined Raymond James in 1997 as an Advent Axys support analyst and later helped develop technology tools for the financial planning group.
Earlier in the year, Greg Rust was named senior vice president, operations-service delivery, a new position focused on working with many of the firm’s advisor- and client-facing departments, streamlining and coordinating their operations and helping to continuously improve processes and training.
CFP Board Appoints Roger C. Myers, Jr., CPA as CFO
The Certified Financial Planner Board of Standards Inc. announced Wednesday that it has appointed Roger C. Myers Jr., CPA, as chief financial officer, a position that includes managing financial oversight and enterprise risk management. As CFO, Myers will be responsible for all financial activities of the CFP Board. Additionally, he will provide management and leadership for the information technology, meeting planning, office administration and facilities functions.
Prior to his arrival at the CFP Board, Myers served as executive vice president and CFO for the 400,000-member, $70 million Aircraft Owners and Pilots Association, where he managed all aspects of financial and accounting functions.
Connors Group Appoints James Lonergan as CEO
The Connors Group announced recently that James Lonergan will succeed Larry Connors as CEO. Connors, who founded the firm in 1998, will stay on as chairman. Lonergan has over 20 years of experience in managing and growing information businesses. Most recently, he was CEO and president of Synaptic Digital, a B2B video communications firm. Previously, he served as executive chairman and director of publishing company Sports Information Group.
From 2001 through 2007 Lonergan was president and COO of publishing company TheStreet.com; prior to that, he served as COO at World Information Network and as COO at Thomson Financial (now Thomson Reuters) and Technimetrics. He began his career in money management at SunAmerica Asset Management and Alliance Bernstein (formally Alliance Capital).
Granite Investment Advisors Names Peter McManus as SVP, Head of Institutional Sales
Granite Investment Advisors announced recently that Peter McManus has joined in a leadership role as senior vice president, head of institutional sales. He will focus on expanding the firm’s presence in the institutional marketplace, including consultants, pension and retirement sponsors, endowments, foundations, registered investment advisors, and separate account platforms.
McManus he has over 34 years of senior-level investment management experience in asset management sales, consultant relations, client service and portfolio management. Most recently he was a partner at Cadence Capital Management in Boston where he was responsible for business development and institutional portfolio account management.