This week in new hires, BondDesk welcomed Kim Bang as CEO and JHS Capital added Maguire Investments to its roster. Daniel S. Kern was named president of Advisor Partners, Genworth Financial Asset Management brought in Sean Curley, and Gene Goldman and Brian Gendreau went to Cetera, the latter as a consultant. Jeffrey P. Crandall went to Davis Polk, and Benjamin Herrera joined AUL Retirement Services.
BondDesk Appoints Kim Bang CEO
BondDesk announced Monday that it had appointed Kim Bang as CEO. A founding member and former CEO and president of Bloomberg Tradebook, Bang most recently held the position of COO of EMEA and Asia Pacific for Bloomberg Enterprise Products and Solutions. Based out of New York, he will further efforts to make the retail fixed income markets more transparent and accessible.
Bang joined Bloomberg Tradebook as a founding member in April 1996, became president in December 1999 and CEO in April 2004. Prior to that, Bang was president of Futech Capital Management, a hedge fund managing quantitative derivative trading strategies for institutional clients. Before founding Futech in 1993, he developed a European foreign exchange cross trading business for American International Group Trading Corp. From 1988-90, he traded fixed income derivatives for Commerzbank in Luxembourg. His prior sales trading experience includes positions at BankAmerica Futures and Drexel Burnham Lambert.
JHS Capital Adds Maguire Investments
Asset management firm JHS Capital Advisors announced Aug. 3 that it had expanded its national presence with the addition of Maguire Investments of Santa Maria, Calif. The team is led by Steve Maguire, who brings nearly 40 years of financial services experience to the growing JHS advisor team. Maguire Investments was founded in 1958 by Albert L. Maguire, a graduate of Harvard in 1940, board chairman of Mid-State Bank, philanthropist and community leader. Albert was later joined by George Crosby to form The Crosby Group, which today is led by his son Marc Crosby.
Maguire specializes in individual stock portfolios and municipal bonds. Currently, Maguire Investments has $700 million in client assets. In addition to Maguire, the team includes Carol Abeloe, Darlene Chavez, Summer Eaton, Leon Lopez, Kerry Scheidt, Edward “Chad” Silva, John-Paul Stornetta and Damon Watkins. The Crosby group, led by Marc Crosby, also includes Elaine Hartman and Anna Wobrock.
Daniel S. Kern Appointed President of Advisor Partners
Advisor Partners announced Monday that Daniel S. Kern has been appointed President of Advisor Partners, a wholly owned subsidiary of Advisor Software, Inc. In this role, Mr. Kern will oversee investment management, sales and client service, as well as the development and implementation of investment strategies that allow advisors and institutions to focus on relationship building and business development. Prior to joining Advisor Partners, Kern served as managing director and portfolio manager at Charles Schwab Investment Management. His investment experience includes selecting and overseeing investment teams in traditional and alternative asset classes, managing funds of funds and individual equities. Kern also served as a fund company CFO while with Schwab, with extensive experience overseeing third-party service providers.
Genworth Financial Asset Management Hires Sean Curley as SVP/Product Specialist
Genworth Financial Asset Management (GFAM), a division of Genworth Financial Wealth Management, Inc., recently hired Sean Curley (left) as senior vice president and product specialist. Curley will be responsible for supporting financial advisors to enhance their understanding of the investment philosophy of GFAM’s investment team. In his leadership role, he will communicate the strategies and tactics of the investment management department to key internal and external business audiences.
Curley has over 20 years of experience in finance and in financial markets. Prior to joining GFAM, he served as portfolio specialist at Hartford Investment Management Company. He has also held positions with NatWest USA, Lehman Brothers, Inc., and Nomura Securities International, Inc. In addition, he previously worked as a commercial banker, a fixed income analyst, senior credit risk management officer, and senior financial consultant.
Cornerstone Wealth Management Names Alan Skrainka CIO
Veteran St. Louis investment analyst Alan Skrainka (left), CFA, has joined Cornerstone Wealth Management LLC as CIO as the firm plans an expansion of operations in a new headquarters in Des Peres, Missouri. Cornerstone, part of the LPL Financial network, was founded in 2005; it employs 15 people, including 10 investment professionals, and has more than $300 million in AUM. In the next five years, the firm plans to more than triple its workforce and assets under management.
Skrainka has nearly 30 years of experience in the investment industry. From 1994 to 2010, he served as chief market strategist of Edward Jones, and in 2003, was one of a handful of economists invited to the White House to consult with then-President George Bush on national financial matters. In his new role, he will manage Cornerstone’s model wealth portfolios.
Cetera Names Goldman New Research Head, Consults with Gendreau on Market Strategy
Cetera Financial Group announced Monday that Gene Goldman has joined the firm as vice president, head of research, and Brian Gendreau, professor of finance at the University of Florida and market commentator, will work with Cetera’s research team as a market strategist on a consulting basis. In his new role, Goldman will be responsible for all internal and third-party research products, offering investment solutions to help advisors expand their client relationships and build on the firm’s advisor-focused capabilities. He will report directly to Barnaby Grist, Cetera’s executive vice president of wealth management, lead Cetera’s research team and also supervise Gendreau, Cetera’s new market strategist.
Goldman’s career spans more than 17 years in manager research and investment strategy development. As vice president, market strategist at LPL Financial, he was responsible for articulating the research department’s financial market projections, investment philosophies and strategies to both advisors and their clients. Prior to that, Goldman served as lead strategist in LPL’s manager strategy group.
Prior to his new role at Cetera, Gendreau was an investment strategist and member of the asset allocation committee at ING Investment Management. Previously, he was a managing director and strategist with Heckman Global Advisors. Earlier in his career, Gendreau served in senior investment level roles at Salomon Smith Barney and J.P. Morgan and as an economist with the Federal Reserve Bank of Philadelphia and the Federal Reserve Board.
Davis Polk Welcomes
Davis Polk & Wardwell LLP announced Monday that ERISA lawyer Jeffrey P. Crandall (left) is joining its New York office as a partner in the executive compensation and employee benefits practice. Crandall comes to the firm from the New York office of Shearman & Sterling, where he headed the firm’s ERISA practice relating to pension investment in funds and products offered by financial institutions and private investment boutiques.
Crandall also has extensive experience in M&A work in both private equity and strategic acquisitions, and has advised an array of financial institutions and other clients on many of their most complex transactions. Crandall joined Shearman & Sterling in 1984.
Benjamin Herrera Goes to AUL Retirement Services
American United Life Insurance Company (AUL), a OneAmerica company, recently selected Benjamin Herrera to be director of national retirement education for retirement services in its Los Angeles regional office. Herrera will be responsible for working with business customers and financial professionals to create and implement participant communication and education programs for their retirement plans. In addition, he will oversee a team of education consultants in the western part of the country.
Herrera has worked in the retirement services industry since 1998. He comes to AUL from Diversified Investment Advisors, where he most recently served as an onsite participant counselor.
Read last week’s New Hire Roundup at AdvisorOne.com.