May 23, 2012

New Hire Roundup: Comfort Joins LPL; Clark Moves Up at Clark Capital

Paieski goes to UAT; Rosoff welcomed to Thesis Fund distribution; more

HandshakeThis week in new hires, Robert Comfort went to LPL Financial; Brendan Clark was named president of Clark Capital Management; Ken Paieski joined UAT; and Thesis Fund Management welcomed Jay Rosoff as managing director of distribution for the Thesis Flexible Fund.

Also, Tim Baughman joined Citi Private Bank’s San Francisco team; Tim O’Donovan went to Linde, Hansen; and Franklin Templeton welcomed Michael Doshier.

LPL Financial Names Robert Comfort Executive Vice President

Rob ComfortLPL Financial LLC, a wholly owned subsidiary of LPL Investment Holdings, announced Monday that Robert Comfort (right) has joined the company as executive vice president of business consulting for its institution services division. In this role, he will lead the business consulting team, responsible for serving the banks and credit unions to which the company provides brokerage, trust and wealth management services.

Comfort joins from Huntington Bank, which he joined in 1995 and where for years he led the retail brokerage program and most recently was responsible for leading all its wealth management businesses.

Clark Capital Management Group Appoints Brendan Clark President

Clark Capital Management Group recently announced the appointment of Brendan Clark as president. The office was formerly held by Harry Clark, Clark Capital founder and chief executive officer, who will remain chairman and CEO. In his new role, Brendan Clark will take a more prominent position in executing the overall strategy of the firm, and will continue to be responsible for its business development initiatives as well as managing service support teams and marketing functions. He continues to report to Harry Clark.

Clark, who joined the firm in 2001, previously served as the firm’s executive vice president of business development, a position he held since 2010.

Clark Capital also announced that its assets under management have grown to $3 billion, triple the assets the firm managed three years ago.

UAT Appoints Ken Paieski as Partner and Managing Director

UAT recently announced that Ken Paieski has joined the firm as a partner and managing director. In that role, he will lead the firm’s sales initiatives to deliver cost savings and automation benefits to corporate plan sponsors, public and Taft-Hartley plans, endowments and foundations and their money managers. He will serve with partners and managing directors Robert Bruno and Jim Buck on the national sales team.

A 37-year veteran of the financial industry, Paieski worked for the past 13 years at Janus Capital Group, most recently as vice president of institutional services. He also served as vice president, director of institutional products and strategies and director of institutional sales at Janus. Prior to that, he spent 12 years working for Fidelity Investments and also spent time at CDA Investment Technologies and First Interstate Bank.

Jay Rosoff Joins Thesis Fund Distribution

Thesis Fund Management, manager of the Thesis Flexible Fund (TFLEX), announced recently that Jay Rosoff has joined registered broker-dealer Point Capital Markets as managing director of distribution for TFLEX. He will coordinate distribution of TFLEX, managed by Thesis Fund Management and former hedge fund manager Stephen Roseman.

Previously Rosoff spent more than 10 years with Allianz Global Investors, where he served as the national sales manager for the independent, bank and regional division from 2006 to 2010. Prior to that, he was a senior vice president and divisional sales manager in the Northeast region. Earlier he spent 10 years at Eaton Vance as a senior vice president. He began his career as a retail financial advisor in the Boston area.

Citi Private Bank Adds Baughman in San Francisco

Citi Private Bank announced recently that it has hired Tim Baughman as a director and ultra-high-net-worth private banker to join the firm's San Francisco office. He reports to Lisa Roberts, head of Northern California, Citi Private Bank.

Baughman joins from J.P. Morgan’s wealth management group in San Francisco. Prior to joining J.P. Morgan in 2010, he spent over 20 years as a technology and telecommunications investment banker, holding senior roles at Credit Suisse First Boston, Hambrecht & Quist and Jefferies & Co.

Tim O’Donovan Joins Linde, Hansen

Florham Park, N.J.-based Linde, Hansen & Co. announced that it has hired Tim O’Donovan as director of sales. In that role, he will be responsible for distribution of Linde, Hansen contrarian value portfolios, currently offered via mutual fund (Class A shares: LHVAX; Class I shares: LHVIX), separate account and model portfolios. He will reunite with three former colleagues from Lord, Abbett & Co., including Linde, Hansen’s two managing members, Edward von der Linde and Howard Hansen, and managing director of marketing, Jeff Cresci.

Prior to joining, O’Donovan was a managing director at Pacer Financial from 2008 through April, 2012. Previously, he was a vice president at Managers Investment Group from 2006 to 2008, and a wholesaler at Lord, Abbett & Co. from 1998 to 2006.

Michael Doshier Joins Franklin Templeton Investments

Franklin Templeton Investments announced recently that Michael Doshier has joined as vice president, retirement marketing. In this new position, he will lead the retirement marketing team, with particular emphasis on both the DCIO marketplace and broader retirement income solutions, and will also lead the 529 college savings plan marketing team. He will report to David McSpadden, senior vice president of global advisory services.

With more than 25 years of experience in the financial services industry, Doshier most recently served as vice president, advisor marketing in MassMutual Financial Group’s retirement services division. Prior to that, he held several leadership positions, including leading Fidelity Investments’ tax-exempt market segment, managing national call centers, and managing service delivery functions, relationship management and total benefits outsourcing operations.

Read the May 17 New Hire Roundup at AdvisorOne.com.

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