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Retirement Planning > Retirement Investing

New Hire Roundup: U.S. Trust Gains Three, LPL Names Reich, UBS Names Immesberger

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This week in new hires, U.S. Trust tapped three wealth management professionals, Greg Khost, Donald Quattrucci and Nancy Anderson, to executive positions in different parts of the country, while LPL Financial named David Reich as a new executive vice president of retirement platform development. UBS Trust gained a new president, Richard Immesberger, Neuberger Berman hired David Eckert as global head of infrastructure and Strategic Wealth Associates appointedKeith Gregg as executive vice president. In addition, Raymond James opened a new office in Greensboro, N.C. and brought in advisors Bill Krebs and Charles Betts.

U.S. Trust announced May 18 that it has hired three senior executives in its Northeast and Midwest divisions. Joining the Bank of America subsidiary are: Greg Khost, managing director and regional executive, Florham Park, N.J.; Donald Quattrucci, managing director and market investment executive, Rhode Island; Nancy Anderson, senior vice president, Private Client Advisor, Minneapolis ..

Khost, a 20-year industry veteran, is managing the greater tri-state region within the northeast division throughout New York, New Jersey and Connecticut. Prior to joining U.S. Trust in 2010, Khost served as founding partner and director of national accounts for New York-based Central Park Group, LLC, where he marketed alternative investment funds to broker-dealers, registered investment advisory firms, independent advisors and multifamily offices.

Quattrucci, a Rhode Island-based executive, brings 22 years of investment management experience to U.S. Trust, including extensive practice in portfolio management as well as international interest rate and foreign currency risk analysis and trading. .

Andersonwill lead team efforts for new client engagements, deepening existing relationships and providing high net worth clients and families with access to U.S. Trust’s global wealth management services. A national wealth strategist and advisor, Prior to joining U.S. Trust, Anderson held senior leadership positions at U.S. Bank Private Client Reserve, Citigroup Global Wealth Management and Merrill Lynch Trust Co.

LPL Financial on May 23 announced the appointment of David Reich as executive vice president of retirement platform development. Reich takes over from Bob Francis, who held the title of executive vice president, retirement strategy prior to his departure in January.

Reich will be working closely with Bill Chetney, who as executive vice president of LPL Financial Retirement Partners guides the firm’s strategic direction in retirement. His responsibilities will include continuing to build out the firm’s retirement platform, rolling out new services and technology and furthering the integration of technology platforms used by LPL Financial advisors to support their retirement plan business.

Reich was formerly at Ameriprise Financial as VP and general manager, retirement strategies and solutions, where he was responsible for strategic development and marketing of all retirement products and platforms to financial advisors. Prior to that, he served in a number of senior leadership roles across Ameriprise and American Express, its former parent company.

UBS Trust Company announced Tuesday that Richard Immesberger has been appointed president.

Immesberger, who will be based at U.S. Trust’s Wilmington, Del. offices, comes to the firm from WSFS Bank, also in Wilmington, where he managed the trust and wealth management division and also served on several executive boards, including the bank's executive management committee.

Bringing 23 years of trust and financial services industry experience to his new position, Immesberger also held sales and leadership posts at Bank of America and Glenmede Trust Company.

Neuberger Berman named David Eckert global head of infrastructure, a newly created position, the company announced on May 18. The appointment is effective June 1.

Eckert, with 18 years of corporate technology and operations experience, comes to Neuberger Berman from ING, where he was global chief operating officer/chief information officer for its investment management and insurance business. Before joining ING in 2008,

Strategic Wealth Associates (SWA) recently announced that Keith Gregg has been appointed executive vice president of the firm. Based in the San Diego office, Gregg will be responsible for sales, distribution and advisor acquisition. He will oversee all of the branches and sales managers within the firm as well as develop and execute sales, marketing and advisor productivity strategies.

Prior to its merger with SWA, Gregg was founder and CEO of Gregg Financial Network and was president and CEO at one of the nation’s largest independent broker-dealers. He brings a wealth of leadership, sales and marketing experience from his career in the financial services industry, which spans more than two decades, and has been nationally recognized as a business acceleration specialist.

Jimmy Lee, managing partner at Strategic Wealth Associates, said of Gregg in a statement, “His leadership will be vital to the success of our business as we build upon our presence in Arizona, Nevada, California and New Mexico.”

Raymond James announced on Tuesday that it has opened its first office in Greensboro, N.C., and that Bill Krebs and Charles Betts have joined the firm.

Tash Elwyn, senior vice president, divisional director for the Atlantic Division of Raymond James & Associates, the employee broker/dealer of Raymond James, made the announcement that Krebs and Betts will both carry the title of senior vice president, investments at the newly created Piedmont Wealth Advisors of Raymond James. Elwyn said in a statement,

Krebs and Betts have more than 40 years of combined experience in the financial services industry, serving senior executives, successful individuals and their families. Both Krebs and Betts worked at Merrill Lynch immediately prior to joining Raymond James, where their annual production was $1.1 million, and assets under management (AUM) were $195 million.


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