This week in personnel announcements and new hires, OppenheimerFunds added three senior personnel; ASPPA inaugurated a new president; the PCAOB announced its new chief hearing officer; and ACLI elected its new chairman and board of directors for 2014.
Also, Abacus Group opened a new office, Rajeev Sharan went to Aspiriant, and Capstone Financial Group welcomed Steve Lee.
OppenheimerFunds Welcomes Mintzberg, Tisdalle and Athreya
OppenheimerFunds announced recently that it has made three additions to its senior staff. Peter Mintzberg joined as senior vice president, strategy and market planning; Stephen Tisdalle joined as senior vice president, brand marketing; and Rupa Athreya joined as head of product development. All are based in New York. Tisdalle and Mintzberg report to Martha (Marty) Willis, chief marketing officer. Athreya reports to Lori Heinel, head of investment products.
Mintzberg, formerly of BlackRock, held a number of positions during his more than seven years there that included head of marketing and head of strategy, Latin America and Iberia; he was also a senior member of its global corporate strategy group. Additionally, he co-chaired its regional operating committee. Earlier in his career, he advised financial institutions globally on corporate strategy and acquisition opportunities as a consultant at McKinsey & Co.
Tisdalle joins from Ogilvy & Mather, where he was managing director leading strategic marketing services across the agency. Earlier, he held senior leadership roles with Saffron Brand Consultants, IBM Business Consulting and PricewaterhouseCoopers Management Consulting.
Athreya previously served as head of strategy for Chase Wealth Management, a unit of JPMorgan Chase. Prior to that, she was head of product development for Bloomberg Wealth. She began her career as a consultant at McKinsey & Co. advising financial institutions on strategy, organization and risk management.
David Lipkin Inaugurated as 45th President of ASPPA
The American Society of Pension Professionals & Actuaries (ASPPA) has inaugurated David Lipkin as its new president.
Lipkin began his career with Aetna Life and Casualty. In 1983, he moved to William M. Mercer, in Pittsburgh, where he served on the actuarial committee and acted as senior actuary and consultant to a variety of clients, including a number of Fortune 500 companies. He founded Metro Benefits Inc. in 1986.
PCAOB Names Marc Dorfman Chief Hearing Officer
The Public Company Accounting Oversight Board (PCAOB) has announced that Marc Dorfman joined the organization as its chief hearing officer. In that role, he will adjudicate disciplinary proceedings instituted by the board against registered public accounting firms and persons associated with those firms, as well as some proceedings involving firm registration applications. He replaces David FitzGerald, the senior chief hearing officer, who is retiring from the board.
Dorfman joined from Foley & Lardner LLP, where he was a partner in the litigation department, working in the securities enforcement and litigation and the appellate practices. He represented parties in Securities and Exchange Comission and Financial Industry Regulatory Authority investigations and enforcement proceedings, including administrative proceedings, proceedings in federal district courts, and appeals. Previously, he was a trial attorney and special counsel in the SEC Division of Enforcement, where he handled a wide variety of investigations and enforcement actions.
ACLI Elects Chairman, Board for 2014
The American Council of Life Insurers (ACLI) announced that it has elected the new chairman, officers and members of the board of directors for 2014.
John Johns, chairman, president and CEO of Protective Life Corp., was elected chairman and will serve a one-year term. He succeeds James T. Morris, chairman and CEO of Pacific Life Insurance Co., who will serve as immediate past chairman.
Roger Crandall, chairman, president and CEO of Massachusetts Mutual Life Insurance Co. (MassMutual), was elected to the chairman-elect position. He will assume the chairmanship during the annual conference in October 2014. The chairman-elect designate post was awarded to Deanna Mulligan, president and CEO of the Guardian Life Insurance Co. of America. She will become ACLI chairwoman in October 2015.
Newly elected board members who will serve through 2014 are: Thomas Marra, president and CEO, Symetra Life Insurance Co.; Mark Pearson, chairman and CEO, AXA Equitable; and John Strangfeld, chairman and CEO, Prudential Financial Inc.
McNamara, president, USAA Life Insurance Co., is a new member who will serve through 2015.
New members who will serve through 2016 are Jerry “Chip” Davis, chairman, president and CEO, National Farm Life Insurance Co.; Esfand Dinshaw, chairman and CEO, Sammons Financial Group; John Roberts, president and CEO, Assurant Employee Benefits; Kirt Walker, president and COO, Nationwide Financial; and John Woerner, president, insurance and annuities, chief strategy officer, Ameriprise Financial Inc.
Abacus Group Opens New Office
Abacus Group LLC announced that it has opened a new office in Dallas. The move came as a result of new and existing fund managers in the area seeking additional support for required regulatory and compliance changes, as well as for new fund launches.
Fifty-seven new funds were added by Abacus this year, and its AbacusFLEX private cloud platform offers clients the flexibility to host any application and the scalability to add resources as needed. It also provides integration with front-office trading applications, back-office reporting systems, and email and file management, in addition to incorporating a compliance feature that allows firms to meet the Dodd-Frank electronic message monitoring policy.
Aspiriant Welcomes Sharan
Aspiriant announced that it has hired Rajeev Sharan as director of risk management, a new position. He is based in Los Angeles and will work closely with the firm’s investment team to customize risk-return profiles for clients.
Prior to Joining, Sharan worked with the risk management teams of Deutsche Bank and Standard Chartered Bank, looking across the global portfolio, and previously headed a large analytics team at a Dun & Bradstreet subsidiary focusing on risk management and its analytics.
Capstone Adds Lee
Capstone Financial Group Inc. announced that Steve Lee has joined as SVP. He is responsible for the recruitment, coaching and development of the firm’s financial advisors, with a focus on establishing a team of five experienced financial advisors with the firm.
Before joining, Lee was vice president and regional manager at BancWest Investment Services where he led a sales team. He was responsible for the management and supervision of all aspects of the investment business from San Diego to Sacramento. Prior to that, he was an investment manager and financial advisor with JPMorgan Chase & Co. in Southern California. He has also been a manager, financial services at Prudential Financial and a regional wholesaler for Principal Funds (formerly WM Funds). He began his career as a financial advisor at Ameriprise Financial.
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