This week in new hires, FINRA added three new governors; Erwin Eichmann joined TheStreet as general counsel; Putnam Investments named Darren Jaroch portfolio manager of another fund; and Michael Hutten went back to Hatteras.
Also, Kelley Howes and Brian Neil Hoffman joined Morrison & Foerster; MassMutual Retirement Services added three; and Janelle Walter was promoted at Allianz Life.
FINRA Elects Three New Governors
FINRA announced Monday that it has elected three new governors at its annual meeting who will begin their three-year terms immediately. They are Seth Waugh, CEO of Deutsche Bank Americas, who represents the organization's large firms; W. Dennis Ferguson, executive vice president and director of Clearing, Sterne, Agee & Leach, who represents midsize firms; and Kevin Carreno, general counsel for International Assets Advisory, who represents small firms.
The organization also said that it had reappointed three governors to its board; two are public members. Mark Casady, chairman and CEO of LPL Financial, was reappointed as the independent dealer and insurance affiliate representative, while Richard Pechter, a retiree, and Joel Seligman, president of the University of Rochester, were reappointed as the public members.
Erwin Eichmann Joins TheStreet as General Counsel
TheStreet announced Monday that Erwin Eichmann has joined as general counsel. An expert in business development and legal advice, Eichmann has more than 20 years of experience in the financial industry.
Eichmann recently held the position of chief operating officer, IT sourcing and executive director at Morgan Stanley, where he worked for 11 years negotiating deals for global wealth management, technology and operations. Prior to Morgan Stanley, Eichmann held positions at CNBC.com as vice president of corporate development and NBC Television as principal legal counsel for NBC's interactive media group. Earlier in his career, he worked in the M&A group at Shearman & Sterling.
Putnam Investments on Friday named Darren A. Jaroch portfolio manager of the Putnam Equity Income Fund (PEYAX), replacing Bartlett R. Geer, who will be leaving the firm to pursue other opportunities.
Jaroch, with Putnam since 1999, has been a longtime portfolio manager of the Putnam International Value Fund (PNGAX), and will continue to manage this fund, as well as his existing international and global institutional portfolios. He previously managed the Putnam Global Equity Fund.
Michael Hutten Rejoins Hatteras as Executive Director
Hatteras Funds recently announced that Michael Hutten has returned to the firm as executive director. In this role, he will lead sales initiatives in the western U.S. region, focusing on business development and client relations, serving investment consultants, RIAs and broker-dealers.
Hutten, based in Santa Barbara, Calif., served as western regional director at Hatteras from August 2006 to March 2011. Prior to that, he held roles at Santa Barbara Alpha Strategies, the alternative specialist group at Gartmore Global Investments and Montgomery Partners, the alternative investment division of Montgomery Asset Management.
Morrison & Foerster Adds Two in Denver
Morrison & Foerster has added two counsels to its Denver office. Kelley Howes joins the firm from Janus Capital Group, where she was most recently general counsel, and brings more than 20 years of experience in the asset management industry. Brian Neil Hoffman joins the firm from the Securities and Exchange Commission (SEC), where he was a senior attorney in the division of enforcement in the Chicago regional office.
Howes has spent the majority of her career with Janus, joining the company in 1994 as associate counsel. She formerly served as general counsel at Janus Capital Management, a Janus Capital Group subsidiary, and assistant general counsel. As Janus’s general counsel from 2007 to 2011, Howes was responsible for the company’s global legal, regulatory, corporate governance, internal audit and insurance matters.
Hoffman, a former Morrison & Foerster associate from 2001 to 2010, rejoins the firm’s securities litigation, enforcement and white-collar defense group. At the SEC he investigated and litigated potential insider trading, corporate reporting and controls violations, and other securities fraud claims.
MassMutual's Retirement Services Division announced Tuesday that Eunice Cabrera has been promoted to senior relationship manager; the promotion was effective June 30. Based in Orlando, she reports to Brian Barrett, assistant vice president, and serves on the south central region client management team, responsible for managing the division's retirement plan business in the midmarket segment. She first joined MassMutual in 2003, most recently serving as a retirement education specialist responsible for the Florida, Georgia and Puerto Rico territories.
John Andresen joined as a director-level relationship manager, effective July 9. Based in northern California, he is responsible for managing large-market customers and reports to Tom Cremona, vice president. Prior to joining MassMutual, he served two years with Smith Hayes as an investment consultant and RIA; prior to that, he spent 10 years in benefits consulting and relationship management with Milliman.
Michael Gopen joined as senior relationship manager, effective Aug. 13, and is responsible for managing midmarket customers in metro New York and New Jersey. Based in Port Jefferson Station, N.Y., he serves on the northeast region client management team, reporting to M. Palmer Whitney, assistant vice president. Prior to joining, he served as client relationship manager with Gallagher Retirement Services, a position he held since 2005.
Allianz Life Promotes Janelle Walter
Allianz Life Insurance Co. of North America recently named Janelle Walter as the new director of life insurance sales in the marketing division. In this role, she will be responsible for the development and execution of life insurance marketing strategies and will report to Doug Koenen, vice president of distribution marketing for Allianz Life.
Walter started with the company in 2002 as an internal wholesaler in sales. Most recently, she was life insurance marketing manager and led development of marketing collateral and strategic planning. In her 10 years with the firm, she also held a role as a principal marketing analyst working with cross-functional teams to build marketing campaigns and as a marketing communications specialist.
Read the Aug. 8 New Hire Roundup at AdvisorOne.