This week in new hires, Neuberger Berman announced that Brian Layton would head its Boston wealth management group; Paul Gamble was promoted at Financial Engines; SIFMA announced that Kim Tillotson Fleming was named to its board; Morningstar announced changes in its passive fund research team; and Behringer Harvard announced the appointment of Casey Herren as institutional sales director.
Also, Terry Swenson joined Bandon Capital Management; Chris O’Connor and Adam Vore joined Incapital; and Nuveen hired Bob Doll.
Neuberger Berman Appoints New Boston Wealth Management Chief
Neuberger Berman announced recently the appointment of Brian Layton as senior vice president and head of the firm’s Boston-based wealth management group. Layton reports to Terry Riordan, Chicago-based regional director of Neuberger Berman Wealth Management. He replaces Chris Biotti, who left the firm.
Layton joined Oct. 24 from Bernstein Global Wealth Management, part of AllianceBernstein, where he served as a senior private client wealth advisor. Prior to that, he cofounded Broadleaf Services, an information technology services company based in Burlington, Mass. Earlier, he was a founding management team member and vice president of THINQ Learning Solutions, an e-learning company ultimately acquired by SABA. He also spent four years from 1995-1997 as cofounder and executive vice president at Passkey.com, a SAS technology services company based in Waltham, Mass.
Hefren-Tillotson Chairman Appointed to SIFMA Board
Kim Tillotson Fleming, chairman and chief executive officer of Pittsburgh-based investment advisory and financial planning firm Hefren-Tillotson, Inc., has been appointed to the board of directors of the Securities Industry and Financial Markets Association (SIFMA).
Fleming is a member of the Association for Investment Management and Research (AIMR), Pittsburgh Society of Financial Analysts (former president) and Financial Planning Association (FPA), and served on the NASD District Business Conduct Committee.
Financial Engines Promotes Paul Gamble
Financial Engines announced Tuesday the promotion of Paul Gamble as executive vice president of distribution and institutional services. In his new position, Gamble will continue to report to Larry Raffone, president, and will be responsible for top-line revenue goals and all client-facing functions.
With more than 20 years of sales, relationship management and marketing experience in the retirement industry, Gamble has served since 2004 as vice president of national sales. Prior to that, he was responsible for business development and relationships with financial institutions and retirement plan providers nationally. Before joining the firm, he served as vice president of institutional retirement sales at Scudder Investments and before that, vice president of institutional retirement sales at Fidelity Investments.
Morningstar Passive Fund Research Team Changes
Morningstar announced Monday that Ben Johnson has been named director of passive fund research globally. He has added the North American passive fund research team to his existing responsibilities, which include leading the firm’s passive fund research in Europe and Asia. Paul Justice, who previously led the North American passive fund research, has assumed a new role for Morningstar focusing on institutional investor research and will be working to expand our offerings for institutional fund investors such as pensions, endowments, and fund consultants.
Johnson joined Morningstar in 2006 as a senior equity analyst covering the agriculture and chemicals industries, and was named head of European ETF research in 2011.
Behringer Harvard Appoints Institutional Sales Director
Behringer Harvard announced recently that Casey Herren has joined the firm as institutional sales director, western region. In that position, he is responsible for developing institutional channel distribution strategies for the firm’s existing and expanding product portfolio.
Herren has more than 10 years of experience in managing and servicing investment relationships, new business development, and strategic marketing. Most recently, he was director of business development at Dallas-based Highland Capital Management LP. From 2009–2011, he was institutional marketing director for Vaughan Nelson Investment Management in Houston. At Atlantic Investment Management in New York, he held a similar position from 2007–2008. He began his career as vice president of institutional marketing with Lazard Asset Management in New York, where he worked from 2001–2007.
Bandon Capital Management Welcomes Terry Swenson
Bandon Capital Management recently announced the addition of Terry Swenson to the senior management team. As managing principal, he will be responsible for distribution strategy and execution in specific intermediary channels.
Swenson brings to Bandon extensive asset management distribution experience. Prior to joining Bandon, he spent over a decade as a managing director at Van Kampen/Morgan Stanley Investment Management, heading up variable annuity and subadvisory strategy and distribution. Previously he directed various product management and distribution functions at American General Corporation/VALIC.
Chris O’Connor, Adam Vore Join Incapital
Incapital recently announced that Chris O’Connor has joined the firm as managing director of capital markets. In this role, he will oversee the firm’s debt capital markets platform. Adam Vore has also joined the firm as managing director of capital markets, reporting directly to O’Connor. Both will be based in Incapital’s primary office for sales and trading in Boca Raton, Fla.
Before joining, O’Connor was a managing director at Pierpont Securities, where he was in charge of capital markets. He was formerly at Bear Stearns, where he ran the global syndicate and capital markets business. Previously, he worked at Salomon Brothers and First Boston as a secondary corporate bond trader.
Vore joins Incapital from Bank of America Merrill Lynch, where he was most recently a director in debt capital markets. In that role, he specialized in developing fixed income solutions tailored to the needs of clients.
Nuveen Hires Ex-BlackRock Strategist Doll
Nuveen Investments said Monday that it has hired Bob Doll, formerly of BlackRock (BLK), to serve as the chief equity strategist and senior portfolio manager of its asset-management operations.
Doll, who has roughly 35 years in the industry, managed a series of large-cap funds since they were started by Merrill Lynch (BAC) in ’99 and then moved to BlackRock in 2006, when the firm moved to acquire Merrill’s investment unit. Prior to Merrill, Doll was the chief investment officer of Oppenheimer Funds.
Read the Nov. 29 New Hire Roundup at AdvisorOne.