October 3, 2012

New Hire Roundup: U.S. Bank Names Jeppson CIO of Private Client Group

Martuscelli joins U.S. Bank’s Private Client Reserve; more

New Hires logoThis week in new hires, David Jeppson was appointed chief investment officer for U.S. Bank’s Private Client Group; Mary Martuscelli joined The Private Client Reserve as west region president; and Moss Adams announced a transition in leadership.

Also, Emily Colella went to Palmer Square; the Insured Retirement Institute announced that Sammons President William Lowe will serve a second term on its board; and John Towle became chief marketing officer at Franklin Square.

David Jeppson Named CIO of U.S. Bank’s Private Client Group

U.S. Bank announced Monday that David Jeppson has been appointed chief investment officer for The Private Client Group of U.S. Bank. In his new role, he oversees investment management operations, including tactical asset allocation, investment strategy and portfolio construction for The Private Client Group, which serves the needs of affluent clients across U.S. Bank’s 25-state footprint.

Jeppson, who has more than 20 years in the financial services industry, had been serving as west region investment leader for The Private Client Reserve of U.S. Bank, and led the U.S. Bank wealth management portfolio construction workgroup prior to his new appointment. Before joining U.S. Bank in 1997, he worked with Wells Fargo.

Mary Martuscelli Joins U.S. Bank’s Private Client Reserve

U.S. Bank announced Tuesday that Mary Martuscelli has been appointed west region president for The Private Client Reserve of U.S. Bank. In this role, she will be responsible for growing and managing all aspects of The Private Client Reserve’s business in Washington, Oregon, California, Arizona, Nevada, Utah and Colorado. She reports to Michael Boardman, president of The Private Client Reserve, and is based in the Phoenix office.

Martuscelli brings more than 33 years of financial experience with JPMorgan Chase and Co., where she held many leadership roles, serving as Arizona president for JPM since 2007 and most recently as managing director of private banking for the desert mountain states. Earlier, she was president and CEO of the specialized industries segment of JPM’s commercial bank, which focused on government, not-for-profit, healthcare, Native American and financial institutions. She has also worked in management roles in human resources, strategic planning, and corporate, middle-market and small-business banking with JPM.

Moss Adams Announces Leadership Transition

Moss Adams LLP announced recently that its executive committee has chosen Chris Schmidt to become its next chairman and CEO and Dick Fohn to become president and COO in a planned transition. Schmidt will succeed Rick Anderson, who announced his plans to step down from the chairman and CEO position to focus on his expanding role as chairman of Praxity. Schmidt and Fohn will assume their new roles during the first half of 2013.

Schmidt has served as president and COO of Moss Adams since 2004 and was managing partner of the firm’s Orange County, Calif., office from 1997 to 2004. He joined that office in 1986 as an assurance professional and was admitted to the partnership in 1991.

Fohn has served as the firm’s director of tax since November 2011. Prior to that, he was managing partner of the firm's Bellingham, Wash., office. He was admitted to the partnership in 1992. Fohn sits on the AICPA’s Personal Financial Planning and Private Company Practice Section executive committees and is a board member of Moss Adams Wealth Advisors, the firm’s wealth management affiliate.

Anderson joined Moss Adams in 1973 and was admitted to the partnership in 1980. He has served as chairman and CEO since 2004, following roles of president and COO, director of operations, and director of accounting and auditing. He is also chairman-elect of Praxity, of which Moss Adams is a member, currently serving as management board vice chairman and governing council member. He will remain a partner at Moss Adams.

Palmer Square Capital Management Hires Emily Colella

Palmer Square Capital Management announced recently that Emily Colella has joined the firm as a managing director, responsible for business development.

Colella’s primary focus will be on expanding the firm’s presence within the institutional channel. She will also play a key role in guiding the firm’s product development plan. She will draw upon her past experience in similar roles, including institutional client service and business development positions at SSI Investment Management, Artisan Partners and Wilshire Associates.

Sammons President William Lowe Named to IRI Board

Sammons Retirement Solutions, announced recently that its president, William Lowe, has been appointed to a second term on the Insured Retirement Institute’s (IRI) board of directors. He served the earlier term while CEO of U.S. annuities at ING U.S.

Lowe joins 19 other financial industry experts on the board, and brings more than 25 years of leadership experience in the life insurance and annuity business. He also recently moderated a panel at the IRI 2012 annual meeting, titled “Navigating Environmental Factors: Products and Strategies,” that discussed the effects current financial environmental factors can have on the industry and how companies can position their product portfolio moving forward.

Franklin Square Welcomes New Chief Marketing Officer

Franklin Square Capital Partners announced Monday that it has hired John Towle as chief marketing officer, effective immediately.

Towle comes with 25 years of financial services industry experience. Most recently, he served as chief marketing officer for Resource Real Estate, a subsidiary of Resource America; before that, he was chief marketing officer at Cole Real Estate Investments. He also worked as director of marketing for ING Mutual Funds and held a number of marketing and sales positions at Fidelity Investments.

Read the Sept. 26 New Hire Roundup at AdvisorOne.

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