August 22, 2012

New Hire Roundup: Hatteras Promotes Murphy

Lofquist joins JHS Capital Advisors; more

New Hire Roundup logoThis week in new hires, Robert Murphy was named chief investment officer of Hatteras Alternative Mutual Funds; Steven Lofquist went to JHS Capital Advisors; Franklin Square welcomed Mike Gerber; and John Brown went to Intech.

Also, Altegris welcomed Edgardo Goldaracena, Jennifer Shasky Calvery joined the Treasury Department, John Welch joined CLS Investments, and John Murphy went to NAMIC.

Hatteras Funds Names Robert Murphy CIO of Hatteras Alternative Mutual Funds

Hatteras Funds announced Monday that Robert Murphy has been promoted to CIO of the Hatteras Alternative Mutual Funds. In this role he is responsible for leadership and strategic direction of the investment team, in addition to his continued role as director of risk management. He continues to serve as co-portfolio manager of the Hatteras Alternative Mutual Funds alongside Mike Hennen.

Prior to joining Hatteras in 2009, Murphy was with Ivy Asset Management Corp., a division of BNY Mellon Asset Management, where he served as a managing director in the investments group and in the investment products and strategy group. He was also previously a partner and director of risk management at Meridian Capital Partners and held senior fixed-income investment banking positions with A.G. Edwards; Cowen & Co.; Donaldson, Lufkin & Jenrette; and Bear Stearns & Co.

JHS Capital Advisors Adds Steven Lofquist in Kansas Office

JHS Capital Advisors has appointed Steven R. Lofquist as a first vice president, financial advisor. He is based in the company’s office in Leawood,Kan., and manages $40 million in client assets.

Lofquist, a 26-year veteran of the financial services industry, joins JHS from RBC Wealth Management, where he spent three years as a vice president. During his tenure at RBC, he was selected to join the firm’s consulting group. He previously worked at Smith Barney for 23 years.

Franklin Square Welcomes Mike Gerber

Franklin Square Capital Advisors announced Monday that it has hired Mike Gerber as senior vice president of public affairs, strategy and product administration. In this role, he will lead the firm’s government and regulatory affairs group. Gerber previously served on the board of directors for the firm’s third fund.

Since 2004, he has served as a Democratic member of the Pennsylvania House of Representatives and, since 2007, as a trustee of Pennsylvania's State Employees' Retirement System (SERS). He will step down from both posts in November, and is also leaving Drinker Biddle & Reath. Gerber formerly chaired the Pennsylvania House Democratic Campaign Committee and served as treasurer of the Democratic Legislative Campaign Committee, a national political organization that supports House and Senate campaign committees across the country. Prior to serving in elected office, he served as counsel to the transition team of former Gov. Ed Rendell of Pennsylvania.

Intech Adds John Brown as Head of Global Client Development

Intech Investment Management announced Tuesday that it has expanded its executive team with the addition of John Brown, senior vice president, head of global client development. In this newly created role, he will be based in West Palm Beach, Fla., and will lead the firm’s client and consultant relations teams. In addition, he will work closely with its distribution teams.

Prior to joining, Brown spent six years at Hartford Investment Management Co., where he served as a managing director on the sales, marketing and product development team. Before that, he was with Fortis Investments in Boston, where he was an executive vice president and head of customer service and business development for North America. He also spent time as director of sales at Panagora Asset Management in Boston and 11 years with Fidelity Investments in both San Francisco and Boston; there he served in various sales and client development roles including vice president of the Fidelity Management Trust Co. He began his career in 1986 at Aetna Capital Management in both San Francisco and Seattle.

Altegris Adds Edgardo Goldaracena

Altegris Advisors, a division of The Altegris Companies, has added Edgardo Goldaracena to its research and investment group as senior analyst. In this position, his responsibilities will include qualitative and quantitative analyses of alternative investment managers, building new investment manager relationships within the firm’s industry network, writing research reports related to manager due diligence and general alternative investment industry topics, and participating in due-diligence meetings with hedge fund and managed futures investment managers.

Previously, Goldaracena served as a research analyst in the hedge fund Research group at Albourne Partners, where he worked for four years. Prior to that, he was a junior analyst in the fund of hedge funds group at Pictet Alternative Investments, a division of Pictet & Cie, in Switzerland.

Shasky Calvery Named Director of Financial Crimes Enforcement Network

The U.S. Department of the Treasury announced that Jennifer Shasky Calvery has been selected as the new director of the financial crimes enforcement network (FinCEN). Shasky Calvery is expected to begin her duties in September and will replace Jim Freis, who has served for the past five years.

Shasky Calvery joins Treasury from the Department of Justice, where she has served since 2010 as chief of the asset forfeiture and money laundering section (AFMLS), overseeing a 150-person staff and a program responsible for the annual forfeiture of more than $1.5 billion in criminal assets, which are used to compensate victims and support law enforcement efforts. Shasky Calvery served at the Justice Department for 15 years, and served as a prosecutor with the organized crime and racketeering section prosecuting cases targeting international organized crime groups and particularly the professional money launderers who supported them. She also spent two years in the Office of the Deputy Attorney General, serving as senior counsel to deputy attorneys general in two different administrations.

CLS Investments Appoints John Welch

CLS Investments announced Tuesday the recent hire of John Welch in the position of regional vice president of sales. He will be serving the Northeastern states region. He takes over for Michael Caplin, who will become divisional manager for the Western states region. Brian Ragle has also been promoted to the position of divisional manager, overseeing the Eastern states territory. Both Caplin and Ragle will continue to serve certain portions of their former territories as active wholesalers.

Welch brings more than 18 years of tenure in the financial services industry. Prior to joining, he worked as an institutional wholesaler for MFS Investment Management in the mid-Atlantic area. Caplin joined in 1992 and previously worked as a financial advisor, as well as owning a financial planning practice. Ragle holds more than 20 years of prior experience in the financial services and banking industries, including working as an independent financial advisor, and came to CLS in 2000.

Palladiem Names Former Lockwood Exec Lake as National Sales Director

Palladiem, an independent investment advisory firm that focuses on the development and execution of customized investment strategies and services for independent financial advisors, broker-dealers and institutions, has appointed John A. Lake national sales director.

Prior to joining Palladiem, Lake served as regional director for Loring Ward and as assistant vice president and senior regional director for Lockwood Advisors, an affiliate of Pershing, a BNY Mellon company. During his time at Lockwood, Lake was responsible for wholesaling discretionary unified managed account (UMA), mutual-fund wrap, and separately managed account (SMA) products to independent advisor and RIA channels in 14 states.

“As we enter our second year as an independent RIA firm, and as we continue to build our offerings in key product and service areas such as outsourced CIO, I believe John brings the right mix of experience and relationships to support and sustain our growth,” said Donald Robinson, Palladiem’s CEO and co-CIO.

Lake began his financial services career as an advisor with Dain Bosworth Inc., and earned a Bachelor of Arts degree in speech communication from the University of St. Thomas in St. Paul.

NAMIC Appoints John Murphy State Affairs Manager for Northeast

The National Association of Mutual Insurance Companies (NAMIC) recently named John Murphy as its state affairs manager for the Northeastern U.S. He will represent NAMIC members in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont on legislative matters. Murphy replaces Paul Tetrault, who now serves as NAMIC's state and policy affairs counsel. State assignments have been reconfigured to accommodate this staff change.

Murphy is an insurance government affairs professional who comes from Hanover Insurance Co., where he served as vice president and counsel. He previously spent six years at the American Insurance Association as regional vice president. While at AIA, Murphy managed the association's government affairs activity in nine states. Prior to this, he spent 15 years at Liberty Mutual.

Read the Aug. 16 New Hire Roundup at AdvisorOne.

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