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August 25, 2011 at 06:44 AM
This week in new hires, FSC named Jerry Murphy its new president and CEO, while the MSRB announced new officers and members of its board. Mercer picked Tom Murphy to head its U.S. region investment management business, and PFM appointed Jim Link and Ken Schiebel to newly created positions.
Also, Randy Faulkner joined Firstrust Financial Resources, Nolan Lehmann joined Kanaly Trust’s board, RIAA announced the winners of its academic thought leadership award and the FPA named Lewis Walker to receive its P. Kemp Fain Jr. Award.
FSC Names Jerry Murphy New President and CEO
Atlanta-based FSC Securities Corp., one of Advisor Group’s three independent broker-dealers, said it named Jerry Murphy as its new president and CEO on Monday. Murphy formerly served as executive vice president of Advisor Group and reports to AIG President and CEO Larry Roth.
Murphy (left) joined Advisor Group in 2005 and earlier was a senior executive at Janney Montgomery Scott. He also was director of the policy and practice team for the Nasdaq Stock Market.
“We are delighted that Jerry has accepted the role as president and CEO of FSC Securities Corp,” said Roth in a statement. “Jerry’s demonstrated leadership capabilities, first-hand knowledge of FSC’s culture, home office team and advisors, as well as his extensive experience in the financial services industry make him the ideal leader for FSC.”
For the whole story of Murphy’s new role, go to FSC Names Jerry Murphy New President and CEO at AdvisorOne.
MSRB Announces Selection of Officers and New Board Members
The Municipal Securities Rulemaking Board (MSRB) announced Aug. 18 the new officers and board of director members to begin terms Oct. 1. Alan D. Polsky, senior vice president at Dougherty & Co. LLC, will serve as chair, and Robert A. Lamb, president of Lamont Financial Services Corp., as vice chair.
Officer terms are for one year.
Board members will serve a three-year term representing the municipal securities dealer community and the public. New public representatives are Dall Forsythe, vice president of finance and operations at Atlantic Philanthropies, and Peter J. Taylor, EVP and CFO of the University of California system.
Joining as bank representatives are Joseph J. Geraci, managing director and co-head of capital markets for the municipal securities division at Citi, and Daniel Heimowitz, managing director at RBC Capital Markets’ U.S. municipal finance group. The board’s new securities firm representative is Edward J. De La Rosa, president of De La Rosa & Co.
Mercer Names Tom Murphy Head of Investment Management for U.S. Region
Mercer announced Aug. 18 that it has named Senior Partner Tom Murphy as head of its investment management business for the U.S. region, effective Sept. 1. He will report to Rich Nuzum, president and global business leader of Mercer’s investment management business.
Murphy will remain a member of Mercer’s global investment management leadership team, and will be based in Boston.
Prior to this role, he served as Mercer’s head of investment management for the Europe, Middle East and Africa (EMEA) region. Murphy has been with Mercer since 1997, holding positions of increasing responsibility, including business leader of investment consulting in Ireland.
With Murphy’s appointment, Ken Crotty, who since 2008 has served as both head of investment management in the U.S. and global COO for the investment businesses, will now focus exclusively on his COO responsibilities.
PFM Announces Link, Schiebel Appointments
PFM Asset Management LLC (PFMAM), part of The PFM Group of companies, announced Tuesday the appointment of Managing Director Jim Link, CEBS, to the newly created position of chief marketing officer, and Managing Director Ken Schiebel, CFA, as head of a newly formed portfolio strategies group.
