May 8, 2013

New Hire Roundup: Marcus Goes to Genworth

Rudnick named CFO of Direxion; more

New Hires logoThis week in new hires, Joel Marcus joined Genworth Wealth Management and Direxion brought in Patrick Rudnick as chief financial officer.

Also, Benjamin Jensen went to U.S. Bancorp Investments, and Citi Private Bank appointed Steven Wieting global chief strategist.

Genworth Wealth Management Adds Joel Marcus

Genworth Wealth Management, a subsidiary of Genworth Financial, announced that it had hired Joel Marcus as regional specialist, in charge of business and channel development in the central region. He will be based in Dallas, and report to Michael Kim, senior vice president.

Prior to joining, Marcus was vice president of sales, institutional wealth services, at Fidelity Investments, where he managed RIA custody sales. He also served as managing director, sales and marketing, for Advisor Partners, a boutique investment management firm, and as key account manager, strategic accounts group, for Schwab Institutional.

Direxion Names Patrick Rudnick CFO

Direxion announced that Patrick Rudnick has been named CFO. He will report to Eric Falkeis, chief operating officer of Rafferty, and oversee the financial, compliance and risk oversight aspects of the firm’s business. He will also join the senior planning team.

With more than 16 years of experience in the financial services industry, Rudnick was most recently a vice president in the fund administration division of U.S. Bancorp Fund Services. He began his career as a fund accountant at U.S. Bancorp, and served as an audit manager with PricewaterhouseCoopers before rejoining U.S. Bancorp in 2006.

U.S. Bancorp Investments Welcomes Benjamin Jensen

U.S. Bancorp Investments, an affiliate of U.S. Bank, announced that Benjamin Jensen has joined U.S. Bancorp Investments as a financial advisor in Anacortes, Wash.

Jensen brings more than seven years of experience to U.S. Bancorp Investments. He spent several years working in the Anacortes market and regionally as a financial advisor for another firm.

Citi Private Bank Appoints Steven Wieting Global Chief Strategist

Citi Private Bank announced the appointment of Steven Wieting as global chief strategist, with responsibility for formulating investment views and strategies for the business and its clients around the world. He is currently managing director and U.S. economist in Citi Research and is based in New York, where he will remain in his new role. He will report to Eduardo Martinez Campos, global head of investments at Citi Private Bank; he also will be appointed chair of the global investment committee for the Private Bank and join the investments leadership team.

Wieting joined Smith Barney in 1996 and was appointed lead economist for Citigroup's U.S. institutional equities business in 2000. Prior to joining Smith Barney, he was an economics correspondent with Dow Jones, and also served as a contributor to the Wall Street Journal’s "Credit Markets" column. Previously he worked for the U.S. Department of Commerce.

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Read the May 1 New Hire Roundup at AdvisorOne.

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