In new-hire news this week, Raymond James Financial CEO Paul Reilly announced that Jamie Augustine will succeed Van Sayler as the head of Raymond James’ Fixed Income department.
“Since joining our firm, Jamie has led the growth of our depository institutions and middle market practices to rival those of our competitors who have been in that business for many years,” said Reilly in a statement.
Augustine joined Raymond James in 2008 from Bear Stearns and has been serving as the director of middle markets institutional fixed income. His responsibilities include institutional sales, the taxable fixed income strategies group, SBA trading and whole loan trading. Augustine had served as the director of Bear Stearns’ middle markets fixed income group, headquartered in Memphis, Tenn.
Sayler will continue to run the department through the balance of the firm’s fiscal year, working with Augustine to transition responsibilities until October 1, when the transition plan will be complete. Sayler will remain with the firm in a senior advisory capacity.
ETF Securities Marketing
ETFS MarketingLLC has appointed Joe Valdman and Justin Levantino to the U.S. sales team as part of ETF Securities’ aggressive U.S. business expansion plans and continued growth in the U.S. physically backed exchange traded product (ETP) platform, covering funds such as SGOL, SIVR, PPLT, PALL, AGOL, GLTR and WITE.
Josef Valdman, U.S. vice president of sales, will be based in New York and cover wirehouses and RIAs in the northeast region. Prior to joining ETFS, Valdman was vice president at Foreside Fund Services, providing third-party sales and marketing services to startup asset managers. Prior to Foreside, he was a member of a HNW wealth management team at Morgan Stanley.
Justin Levantino,also U.S. vice president of sales, will be based in Houston, Texas and will cover the south central region for ETF securities. Prior to joining ETFS, Levantino was a regional vice president covering the Pacific Northwest for Invesco. He started in the industry in 2004 as a financial advisor with Morgan Stanley.
Putnam Investmentsannounced Wednesday that it has hired two industry veterans for senior positions in defined contribution sales and client relations. Michael R. Shamon will be responsible for Putnam’s internal defined contribution sales team, working with advisors and consultants nationally to support the sales of Putnam’s full-service and investment-only retirement businesses. Daniel E. McDermott will serve as relationship manager, focused on mid- to large-sized retirement plans.
Shamon, who will report to National Sales Manager Jim Brockelman, joins Putnam from J.P. Morgan Asset Management in Boston, where he was vice president, client advisor, in the firm’s retirement plan services division. McDermott joins Putnam from Prudential Retirement in Hartford, Conn., where he was vice president, relationship management, responsible for managing relationships for some of the firm’s largest clients. McDermott will report to Michael MacWade, director of defined contribution relationship management.