This week in personnel announcements and new hires, Timothy Massad was nominated to head the CFTC, the SEC named LeeAnn Gaunt chief of the enforcement division’s municipal securities and public pensions unit, Rob Jasminski joined Citi Private Bank, Allianz Life brought in Chuck DiVencenzo and Kari King, and Raymond James advanced Jim Bunn and Jon Steele.
Also, Jennifer Borow joined Sklar Kirsh; and Envestnet welcomed Zachary Karabell.
Timothy Massad Nominated to Head CFTC
Timothy Massad has been nominated by President Barack Obama to head the Commodity Futures Trading Commission (CFTC) as successor to Gary Gensler, who currently holds the post. His nomination must be confirmed by the Senate. The post carries with it the responsibility to implement new financial regulations under the Dodd-Frank legislation’s framework.
Massad is a former partner at Cravath, Swaine & Moore LLP in New York, and served as special legal advisor to the Congressional Oversight Panel, one of the oversight agencies for the Troubled Asset Relief Program (TARP). Later he became the Treasury’s assistant secretary for financial stability, in which role he was responsible for overseeing the implementation and wind down of the TARP.
Gaunt Named to Head Unit at SEC
The SEC recently announced that LeeAnn Ghazil Gaunt has been appointed as chief of the enforcement division’s municipal securities and public pensions unit. She has worked in the unit since its inception in 2010, and supervised the agency’s first pay-to-play enforcement action for “in-kind” political campaign contributions in September 2012 when the SEC charged Goldman Sachs and an executive vice president for violations related to contributions to the then-state treasurer of Massachusetts.
Gaunt has worked in the SEC’s Boston regional office for 13 years, including 10 in supervisory roles. She has broad investigative experience handling matters ranging from investment adviser violations to insider trading. Prior to joining the SEC enforcement staff, Ms. Gaunt was in private practice in Boston, first at Skadden, Arps, Slate, Meagher & Flom LLP and later at Goodwin Procter LLP.
Jasminski Joins Citi Investment Management
Citi Private Bank announced Tuesday that Rob Jasminski has joined Citi Investment Management as managing director and head of U.S. equities. He will be based in Stamford, Conn., and report to Stephanie Luedke, CEO, Citi Investment Management.
Prior to joining, Jasminski spent 20 years at GE Asset Management, where he held a variety of fundamental research and portfolio management positions, covering core and concentrated global equity strategies. Most recently, he was the assistant director of research.
Capital Square Realty Advisors Welcomes Byers
Capital Square Realty Advisors LLC announced Monday that Richard Byers has joined the company as controller. He will also serve as controller of affiliated companies Capital Square Holdings and Capital Square Management.
Byers joins with more than 30 years of experience, including with his own CPA practice and a 17-year engagement at RF&P Corporation. Earlier, he spent time as the controller for several real estate companies, including F. G. Pruitt Inc., Mark Properties and Zapolski Real Estate. He began his career with Ernst & Young.
The American College announced Monday that Captain Ted Digges, SC, USN (Ret.) has been hired as the director of The American College Penn Mutual Center for Veteran’s Affairs. In his new role, Captain Digges will help transitioning veterans develop a meaningful career in financial services.
Prior to joining, Captain Digges gained extensive experience over the course of a 27-year active-duty Navy career in strategic planning, customer service, logistics and program management. He has served in assignments all over the U.S. and the world, including tours in Asia Pacific and Europe. He is a former president of a nonprofit organization in Hampton Roads, Va., focused on engaging the military community and charitable endeavors, and in the financial services industry, he worked with high-net-worth clients as a financial advisor for Merrill Lynch.
Allianz Life Welcomes Chuck DiVencenzo, Kari King
Allianz Life Insurance Company of North America announced that it has named Chuck DiVencenzo as the new director of advanced markets and Kari King as the new director of integrated marketing planning, both in the marketing division.
DiVencenzo will develop and deliver advanced markets presentations to financial professionals across the country; he reports directly to Deb Repya, senior director of advanced markets. King is responsible for collaborating with partners throughout marketing to coordinate the prioritization of the overall marketing strategy, and also directs the marketing media strategy for Allianz entities across the country. She reports directly to Julia Gutz Moller, senior director U.S. marketing, brand and creative services.
Prior to joining, DiVencenzo was a managing advisor with Edward D. Jones, LLC in Amherst, N.Y. Before that, he was a managing partner for more than four years with CJD Consulting, LLP. He was also chief operating officer, director and secretary for Paradigm Capital Management, Inc. in Albany from 2006 through 2009. Additionally, he served as vice president of the investment products division for The Hartford in Simsbury, Conn. for more than eight years. He also held roles for M&T Bank in Buffalo, N.Y. and National Benefits Group in Amherst, N.Y. Earlier, he worked for law firms Phillips Lytle, and Woods, Oviatt in Buffalo for more than five years and was also a tax consultant with Ernst Young in Pittsburgh, Pa.
King has over 20 years of marketing experience. Prior to joining, she worked for Ameriprise Financial, Inc. in Minneapolis for six years, most recently as a marketing director in the client acquisition area. Prior to that, she led marketing strategies for the firm’s high-value-client loyalty programs. Before that, she worked at Carlson Hotels Worldwide (currently known as Carlson Rezidor Hotel Group) in Minneapolis, where she held director roles in the marketing department from 2000 until 2006. She also held various manager and director roles with companies in Minneapolis including National Car Rental, Northwest Airlines Corporation and The Lacek Group.
Jennifer Borow Joins Sklar Kirsh
Jennifer Borow has joined Sklar Kirsh LLP as a partner in the firm’s corporate law practice. She has a particular emphasis counseling high-net-worth individuals and family offices in connection with their closely held businesses, real estate holdings and other investment assets.
Borow has 25 years of broad transactional law experience, and was previously a partner in the Los Angeles office of Loeb & Loeb LLP. She began her career at O'Melveny & Myers LLP, where she was a partner in their Century City office.
Bunn Named Co-Head of Raymond James Investment Banking; Steele Moves Up
Raymond James has announced that Jim Bunn has been appointed co-head of the firm’s investment banking practice, effective Jan. 1, 2014. Also effective Jan. 1, 2014, Jon Steele has been promoted to co-head of the technology services group to serve alongside Joe Estes. Bunn currently serves as co-head of the firm’s technology services investment banking group. In his new role, he will be based in the firm’s St. Petersburg, Fla. corporate headquarters and work alongside Dav Mosby, current head of investment banking.
Bunn joined in 2009 as part of the firm’s acquisition of boutique firm Lane Berry, where he managed the financial technology and technology services practices. Prior to joining Lane Berry in 2004, he was a member of the financial technology investment banking team at Salomon Smith Barney/Citigroup, where he began his banking career in 1998.
Steele has a broad range of advisory and capital markets experience with software and services companies. He also joined Raymond James in 2009 as part of the acquisition of Lane Berry, which he helped found in 2002.
Zachary Karabell Joins Envestnet
Envestnet, Inc. announced that Zachary Karabell has joined the firm as head of global strategy. In this role, he will help shape and communicate the firm’s investment perspective and deep research capabilities to clients and the media alike, work with senior management on overall corporate strategy, branding and market position and advise the investment committee of Envestnet | PMC in connection with PMC’s portfolio solutions.
Karabell was previously executive vice president, chief economist and head of marketing at Fred Alger Management, where he led the creation, launch and marketing of several funds as well as corporate strategy for strategic acquisitions. He was also president of broker-dealer Fred Alger & Co., portfolio manager of the China-U.S. Growth Fund (CHUSX) and EVP of Alger’s Spectra Funds.
Read the Nov. 7 New Hire Roundup at ThinkAdvisor.