January 8, 2014

New Hire Roundup: Legg Mason Names Hoops Head of Business Development

Borré and group join GMAG at OppenheimerFunds; more

This week in personnel announcements and new hires, Thomas Hoops was named head of business development at Legg Mason; Michelle Borré and her team of analysts have joined OppenheimerFunds' global multi-asset group (GMAG); Chris Blair joined Mercer's San Francisco office as principal and the firm named Toby Buscombe global head of infrastructure investments; and the Municipal Securities Rulemaking Board (MSRB) announced that it is seeking applicants for its board of directors.

Also, Akin Gump announced eight promotions among its attorneys; Goldman Sachs Asset Management welcomed Nadia Papagiannis, Investor Protection Trust named a new trustee; and New York Life elected John Kim vice chairman and announced other organizational changes.

Legg Mason Welcomes Hoops

Legg Mason Inc. announced Monday that Thomas Hoops has joined the firm as executive vice president and head of business development. He will have responsibility for working with senior management and investment affiliates to determine key investment product capabilities for the firm, and to develop retail products in conjunction with the global distribution team. He will also be a member of the executive committee, and will report to Joseph Sullivan, president and CEO.

Hoops joins from Wells Fargo Corp., where he was most recently head of affiliated managers for Wells Fargo Asset Management, a position he held since 2009. Previously, he was chief operating officer of Evergreen Investments and Wachovia Global Asset Management, based in London and Charlotte. He has also been director of corporate development for Wachovia Corp. and chief investment officer of Wachovia Strategic Ventures. Prior to joining Wells Fargo/Wachovia, he was a managing director at a boutique investment bank that specialized in M&A advisory for emerging growth and middle-market companies and their owners. He began his career as a credit analyst at First Union National Bank in Charlotte.

Borré, Team Join Global Multi-Asset Group at OppenheimerFunds

OppenheimerFunds announced that Michelle Borré and her team of analysts have joined the firm's global multi-asset group (GMAG) led by Mark Hamilton, CIO of asset allocation.

Borré joined the firm in 2003 as a senior research analyst on the value investment team. She is currently the portfolio manager of Oppenheimer Capital Income Fund and Oppenheimer Flexible Strategies Fund. The fundamental processes of both funds will remain the same. Borré’s team of three analysts will continue to report directly to her and she will report directly to Hamilton.

Blair Joins Mercer in San Francisco; Buscombe Named to Succeed Chester

Mercer has announced that Chris Blair has joined its San Francisco office as principal in its defined contribution advisors specialty group. He will provide advisory services to defined contribution plan clients in the Northern California market. He reports to Christopher Renz, partner and San Francisco health and benefits practice leader.

Blair joins Mercer from AUL/OneAmerica, where he led the firm’s Northern California retirement services office. Earlier in his career he held leadership positions at the Principal Financial Group, Union Bank of California and Schwab Retirement Services.

Mercer also announced that Toby Buscombe has been named global head of infrastructure investments. Buscombe, with more than 10 years of experience in direct investment experience focused on infrastructure, other real assets and private equity, succeeds Karen Chester, who has been appointed by the federal treasurer and governor general of Australia to be a commissioner of the Australian Productivity Commission.

MSRB Seeks Board Applicants

The board of directors of the Municipal Securities Rulemaking Board is seeking applicants for seven board positions that will begin on Oct. 1. The board, which is made up of 21 members, is seeking to appoint three public members and four regulated members, one of whom must be a municipal advisor.

Applicants representing regulated entities must be affiliated with a broker-dealer, bank or municipal advisor registered with the MSRB. Applicants representing the public must not be affiliated with municipal securities dealers or municipal advisors. All applicants must be knowledgeable on matters related to the municipal securities market. MSRB Rule A-3 on board membership discusses the nomination and election process, including provisions about eligibility and requirements. Applications must be submitted no later than Feb. 24.

Akin Gump Announces Eight Promotions

Akin Gump Strauss Hauer & Feld LLP has announced the promotion of eight attorneys to the partnership, effective January 1.

Robert Boller and Brian Carney in the firm's litigation practice, Lisa Leiman Hearn in the firm's cross-border practice in London, Ryan Katz and Daniel Paulos in the firm's tax practice, Meredith Lahaie in the firm's financial restructuring practice, Matthew Pearson in the firm's intellectual property practice and Svetlana Anatolievna Volevich in the firm's cross-border practice in Moscow have all been made partners in the firm.

Goldman Sachs Asset Management Welcomes Papagiannis

Goldman Sachs Asset Management has announced the hire of Nadia Papagiannis as director of alternative investment strategy for global third-party distribution. She will focus on educating clients on liquid alternatives and the role they play in portfolios.

Papagiannis joins GSAM from Morningstar, where she was director of alternative fund research.

Investor Protection Trust Names Irwin as New Trustee

The Investor Protection Trust (IPT) board of directors has named Steven Irwin, Pennsylvania state securities regulator, as its newest trustee. He replaces former trustee Joseph Borg, who has been elected to the North American Securities Administrators Association (NASAA) board of directors.

Since 2006, Irwin has served on the Pennsylvania Securities Commission. Since the commission’s merger with the Pennsylvania Department of Banking in 2012, he has continued to serve as a banking and securities commissioner. Irwin has been an equity partner of the law firm Leech Tishman Fuscaldo & Lampl LLC since 2001, where he has been a member of the management committee, chairman of the employment practice group and current leader of the government relations practice.

New York Life Elects Kim Vice Chairman, Announces Organizational Changes

New York Life has announced that John Kim has been elected a vice chairman of the company and will now oversee the company’s technology function in addition to his current responsibilities. He will continue as president of New York Life’s Investments Group.

The firm also announced a number of organizational changes to executive management of the firm's investments group. The asset management function of the third-party asset management business will be split in two, with Drew Lawton, senior managing director, heading a new organization named New York Life Investment Management (NYLIM) that will focus on the third-party business. He will serve as CEO of NYLIM.

The company’s general account assets will be part of a new entity named NYL Investors LLC that will also handle third-party assets in select areas. Anthony Malloy, senior managing director, oversees the general account and other businesses; he has been appointed CEO of NYL Investors. Both executives will continue reporting to Kim.

Stephen Fisher and Yie-Hsin Hung, both senior managing directors, have been named co-presidents of NYLIM, reporting to Lawton. Hung also assumes the chairmanship of the newly formed NYLIM International, while Fisher is adding third-party distribution to his responsibilities.

Alison Micucci, senior managing director currently responsible for structured settlements, will also resume responsibility for guaranteed products, an area she led from 2009–12. She will also continue her role as chief administrative officer for the investments group, and will continue reporting to Kim.

SVP David Castellani, who recently was named business information officer, now reports to Kim and is designing a technology roadmap to ensure that the firm's technology capabilities meet its long-term business goals.

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Read the Dec. 18 New Hire Roundup at ThinkAdvisor.

 

 

 

 

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