This week in new hires, Lourd Capital Management welcomed Cade McNown, Christine Walker went to Drexel Morgan Capital Advisers, Thornburg added Chris Elsmark and Karim Elfar to head up its new London office, Mercer announced three senior appointments, CaseSlattery Wealth Partners joined Securities America, and State Street Global Advisors announced that it was enhancing its investment capabilities.
Also, Jerry Paul joined ICON Advisors, Scott Berlin moved up at New York Life, the Private Client Reserve of U.S. Bank made two appointments, Guardian Life Insurance appointed Dr. Eric Studley president of the executive committee of its leader’s club, and Trust Co. of America named Robert MacDonald to its board.
Ex-NFL Quarterback McNown Joins Lourd Capital Management as Vice President
Lourd Capital Management announced Monday the appointment of Cade McNown as vice president. In this new position, he is responsible for cultivating new and existing client relationships as well as working with clients to develop customized investment solutions.
Prior to joining Lourd, McNown was a banker with J.P. Morgan Private Bank, where he focused on building and managing client relationships. Before joining J.P. Morgan, McNown worked in the private wealth division of UBS. He began his investment career at a boutique Southern California real estate investment firm. Before that, he spent four years as a professional quarterback in the National Football League after being selected in the first round of the 1999 draft by the Chicago Bears.
Christine Walker Joins Drexel Morgan Capital Advisers
Drexel Morgan Capital Advisers (formerly McCabe Capital Managers) announced Tuesday its hiring of Christine Walker as vice president, senior portfolio manager. In this role, she will serve as a member of the investment committee, manage client portfolios and relationships, design and direct investment and asset management strategies and develop new business.
Most recently, Walker served as vice president, senior portfolio manager for BNY Mellon Wealth Management in Philadelphia. Earlier, she filled similar roles at Lehman Brothers, Millennium Wealth Management & Private Banking Group, and The Vanguard Group of Investment Companies.
Thornburg Opens London Office
Thornburg Investment Management Inc. (TIM) established an office in London to enhance its global distribution capabilities. The firm also announced the appointments of Chris Elsmark and Karim Elfar to the newly created positions of joint managing directors in the new office. They will lead Thornburg Global Advisors, the London-based entity responsible for the firm’s institutional and professional investor market outside the U.S., and report to Peter Trevisani, head of global distribution and president of Thornburg Global Investment, their Irish-domiciled UCITS range of funds.
Elsmark joins from Copthall Partners, where he served as senior advisor to numerous investment management firms. He has held senior leadership positions at Scottish Widows Investment Partnerships, BNP Paribas Investment Partners and T. Rowe Price Group, including serving as head of global institutional client business. Prior to joining T. Rowe Price, he was investment director (European equities) at J.P. Morgan Asset Management in London.
Elfar joins with 16 years of industry experience primarily focused on all aspects of global business development. He was formerly a managing director and head of international for Davis Advisors. Prior to joining Davis, he had various roles within Merrill Lynch & Co. Inc. based in Miami, New York and London.
Mercer Announces Senior Appointments
Mercer announced Monday three senior-level appointments in Europe and in the growth markets. Andrew Kirton has been appointed head of the firm’s investments business in Europe, succeeding Tom Geraghty, who, as previously announced, has assumed the post of market leader and CEO for Ireland. Jeff Schutes has been appointed head of the firm’s investments business in the growth markets, a newly created position, which includes Asia, Middle East and Turkey, Africa, and Latin America. Akhil Sethi has been appointed head of the firm’s retirement business in the growth markets, a newly created position.
Kirton joined in 1998, has more than 25 years’ experience in the investment consulting industry and, since 2010, has been global chief investment officer. Previously, he held head of business positions for the global and European investment consulting business.
Schutes has held a number of senior leadership positions since he joined in 1995, most recently serving as global leader of manager research and head of the firm’s Latin America investments business. He previously led its U.S. investment consulting business.
Akhil Sethi joined in 1987 and most recently was global chief operating officer for the firm’s retirement business. He has held a number of key positions in New York, London and Singapore, including serving as CFO for Mercer Asia and CFO for Mercer Europe.
Securities America Welcomes CaseSlattery Wealth Partners
Financial advisors Shannon Case and Mark Slattery have become registered representatives with independent broker-dealer Securities America Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services.
Case joined the financial services industry in insurance in 1987, and Slattery joined him at a local firm in 1991. In 1995, Case and Slattery joined Securities America, and in 1997 they affiliated with American National Bank. After more than 10 years with Securities America, Case and Slattery moved their business to SII Investments in Wisconsin, in 2006, and formalized their partnership by founding CaseSlattery Wealth Partners, in Omaha, Neb. On June 3, Case and Slattery moved their financial practice back to Securities America.
SSgA Enhances Investment Capabilities
State Street Global Advisors (SSgA), the asset management business of State Street Corp., announced that it is combining its cash and fixed income capabilities under the leadership of Steve Meier, CIO head of cash, who will become CIO of fixed income, currency and cash. Active quantitative developed and enhanced equity will also be combined under Ted Gekas, currently head of global enhanced equity, who will take a new role as CIO and global head of active quantitative equity.
As part of these changes, Ali Lowe, CIO, global equities, will leave the firm at the end of 2013 after a transition period. Kevin Anderson, currently CIO and head of fixed income, will assume the role of head of investments for the Asia Pacific region based in Hong Kong. He replaces Lochiel Crafter who was recently appointed as head of the Asia Pacific region, succeeding Bernard Reilly, who has taken the role of global head of strategy for SSgA.
SSgA is also integrating its advanced research center (ARC) and dedicated IT support into their respective investment teams.
ICON Advisors Adds Jerry Paul to its Fixed Income Department
ICON Advisors recently announced the addition of Jerry Paul to its fixed income department. He will join Zach Jonson, director of fund management, to comanage the ICON Bond Fund.
Paul has managed bond portfolios for 35 years for various firms, including Stein Roe and INVESCO.
New York Life Names Scott Berlin Head of Group Membership Division
New York Life announced Monday that Scott Berlin, senior vice president, has been named head of the company’s group membership association division. He reports to Paul Pasteris, SVP of New York Life’s insurance group. Berlin replaces John Cassagne, who is retiring after more than 35 years of service with the firm, and is responsible for the overall operation of group membership.
Berlin joined as an actuarial trainee in 1990. In 1996, he joined the individual life department, where he held roles of increasing responsibility including SVP in charge of the individual life department in 2005. He was named chief financial officer of New York Life Enterprises in 2010, and was named head of the advanced markets network and business development in 2012.
U.S. Bank Appoints Andrea Kaempf, Scott Wiley
U.S. Bank Wealth Management announced today that Andrea Kaempf has been appointed personal trust managing director for the Private Client Reserve of U.S. Bank in Seattle and Scott Wiley has been appointed senior private banking officer for the Private Client Reserve in San Francisco. In her new position, Kaempf is responsible for leading the personal trust team in Washington state. Wiley will provide a customized set of services for the banking needs of high-net-worth individuals and families.
Kaempf has an extensive background in complex trust administration, asset allocation and managing private foundations, and brings more than 20 years of experience in the financial services industry to her new position. Before joining, she served in numerous leadership roles with Bank of America’s philanthropic management practice and most recently served in a senior fiduciary capacity with Bank of America’s U.S. Trust division in the Seattle and Bellevue, Wash. markets.
Wiley has more than 14 years of experience in the banking and financial services industry. Prior to joining, he held the position of senior private banking vice president with Wells Fargo Private Bank. Previously, he served as a private client advisor at Smith Barney, where he served clients within Citigroup’s HNW group. He also brings commercial lending experience from work at Comerica Bank, and has worked with high-tech lending and venture investments with Silicon Valley Bank.
The Guardian Life Insurance Company of America recently announced the appointment of Dr. Eric Studley, D.D.S., as president of the executive committee of Guardian’s leader’s club.
Dr. Studley, founder of Eric S. Studley & Associates, Inc. in Huntington Station, N.Y., specializes in providing insurance planning to the healthcare industry and has consistently been the top provider of Guardian disability insurance nationally. In addition to his 20-plus years in the insurance industry, he is a full-time associate clinical professor at New York University College of Dentistry and G.P. director in the department of cariology and comprehensive care.
Robert MacDonald Named to Trust Company of America Board
Trust Company of America announced recently that it has appointed Robert MacDonald to its board of directors.
A native of St. Paul, Minnesota, MacDonald joined 3M in 1971. During his 40-year career at 3M, he led the firm’s medical division; served as managing director of 3M Italy; oversaw the development of the 3M innovation center; and led the company’s sales and marketing functions as global chief marketing officer. He retired in 2011.
Read the June 20 New Hire Roundup at AdvisorOne.