This week in new hires, BlackRock brought in Mark Taborsky as senior portfolio manager; Amy Fisher joined Touchstone as senior national accounts director; Francine Lee went to Harris myCFO as director; Bob Flanagan went to Raymond James to cover technology hardware; and Jonathan Firestein joined U.S. Bank.
Also, William Harding was named head of manager research at Morningstar’s Investment Management division; Kevin T. Reynolds joined Penn Mutual as SVP and chief legal officer; Dan Meader was elected chair of the CFA Institute’s board of governors; Vijay Kumar and Pete Sutherland took new posts at IPI; Jennifer Borislow and Stephen Stahr rose in the Million Dollar Round Table’s hierarchy; and James Dornan became political director at ASPPA.
BlackRock Appoints Taborsky Senior Portfolio Manager
BlackRock, Inc. (NYSE: BLK) announced Tuesday that Mark Taborsky will join the company in the newly created position of managing director and senior portfolio manager within its multi-asset client solutions (BMACS) group, where he will have direct oversight of client assets within the U.S. fiduciary management solutions (FMS) business. He will report to Nancy Everett, managing director and head of U.S. FMS.
Most recently, he served as executive VP at PIMCO, where he was responsible for asset allocation strategies and European solutions efforts. There he led the successful build out of their liquid asset allocation fund. Previously Taborsky was managing director of the external management group at Harvard Management Company in Boston, where he managed the majority of Harvard’s external manager relationships across asset classes.
Amy Fisher Joins Touchstone Investments
Touchstone Investments announced Tuesday that Amy Fisher has joined the company as a senior national accounts director. She will be responsible for managing Touchstone relationships with broker-dealer home office personnel, including those in research, marketing, business development and sales management.
With more than 31 years of experience in the financial services industry, she joins Touchstone from Merrill Lynch. Prior to that, she was senior VP at The Phoenix Companies, as well as president/director of institutional markets of Phoenix Investment Partners. She has also held positions at Strategic Distribution Development LLC, John A. Levin & Co. Inc., Provident Investment Counsel, Oppenheimer & Co. Inc., and Shearson Lehman American Express.
Harris myCFO Appoints Lee as Director
Harris myCFO, a part of BMO Financial Group, announced Tuesday that Francine Lee has joined the organization in the role of director. She will be based in New York and will be responsible for developing client relationships in the Northeast market for both Harris Private Bank and Harris myCFO.
With more than 25 years of experience in wealth management and tax law at industry leading organizations, she served most recently as a senior vice president and head of family wealth advisory services-Americas for a global financial institution where she was responsible for family office advisory, business succession planning, family governance, next generation training, philanthropy and tax planning.
Raymond James Welcomes Bob Flanagan to Investment Banking
Raymond James Financial announced Wednesday that technology banking veteran Bob Flanagan has joined its investment banking department to lead the firm’s investment banking coverage of the technology hardware industries.
Flanagan comes to Raymond James from Oppenheimer & Co. Inc., where he managed the Silicon Valley office as the firm’s senior technology banker on the west coast. Flanagan has nearly 20 years of investment banking experience, and has been serving the semiconductor and optical networking sectors over the past decade. He joined Oppenheimer via its purchase of a major part of the U.S. capital markets business of CIBC World Markets, where he led the firm’s semiconductor industry banking practice. Previously, Flanagan was a senior technology banker at Cowen & Co. and Thomas Weisel Partners, and began his career in investment banking with Salomon Bros., Inc.
U.S. Bank Names Jonathan Firestein Head of Private Capital
U.S. Bank announced recently that Jonathan Firestein has been appointed head of private capital for Ascent Private Capital Management of U.S. Bank, a unit of U.S. Bank’s Wealth Management Group that serves ultra-high-net-worth clients with more than $25 million in individual or family wealth. He will be based in San Francisco and report to Kurt Silberstein, Ascent’s head of alternative investments.
In this position, he will lead the effort to construct the private capital investment platform for Ascent clients, including global investment strategies in venture capital, buyouts, private debt, real estate and real asset investment funds. He will also build the “impact” investment platform for Ascent clients, identifying global opportunities for clients to pursue investment opportunities with social and environmental impact as well as potential financial returns.
Firestein brings more than 14 years of investment and business development experience to the Ascent investment team, including extensive experience in leveraged buyouts. He previously served as director of research for Wells Fargo Family Wealth and as a senior associate at Rigel Associates, a California-based private equity firm.
Morningstar Names William Harding Head of Manager Research
Morningstar, Inc. (NASDAQ: MORN) recently announced that William Harding has been named head of manager research for the Morningstar Investment Management division. In this new position, he will be responsible for promoting best practices in investment manager research and selection, and will report to Thomas Idzorek, chief investment officer and research director for the Morningstar Investment Management division.
Previously, Harding was director of research for Morningstar Investment Services (MIS), a registered investment advisor within the Morningstar Investment Management division. Harding joined Morningstar in 1999 as a mutual fund analyst and was named director of research for MIS in 2006.
Penn Mutual Names Kevin Reynolds SVP, Chief Legal Officer
The Penn Mutual Life Insurance Co. announced Wednesday that Kevin T. Reynolds has been named senior vice president and chief legal officer. Reynolds will be responsible for overseeing the legal, regulatory and compliance functions and employment-related matters for Penn Mutual/PIA, Hornor, Townsend and Kent, Inc., ICMI and Penn Series Funds. He will also serve as an advisor to the company’s business areas.
Reynolds came to Penn Mutual from the Guardian Life Insurance Company of America, where he was vice president, counsel and chief compliance officer. Before Guardian, he was an associate with Mendes & Mount in New York City, and an associate at Kelly, Rode, Kelly & Burke in Westbury, New York.
Dan Meader to Chair CFA Institute Board of Governors
The CFA Institute announced Wednesday that Dan S. Meader had been elected chair of its board of governors. Meader began his one-year term on September 1. The founder and managing partner of Trinity Private Equity Group, LP, an investment advisory and private equity investment firm located in Southlake, Texas, Meader now heads an 18-member board of governors composed of investment professionals from nine countries: Canada, China, Japan, Singapore, Switzerland, Turkey, the United Arab Emirates, the U.K., and the U.S. He succeeds Margaret Franklin, CFA, president of Kinsale Wealth Management in Toronto, Canada. Franklin will continue to serve on the board as immediate past chair.
In addition to Meader’s appointment, Alan M. Meder has been elected as vice chair. Meder is a senior vice president of Chicago-based Duff & Phelps Investment Management Co. He is the chief risk officer and the principal financial officer of three investment companies.
Institute for Private Investors Appoints Kumar, Sutherland
The Institute for Private Investors (IPI) announced Wednesday the appointment of Vijay Kumar as director of membership, to be based in New York, and Pete Sutherland as associate director of the San Francisco office.
Kumar will oversee all aspects of membership, focusing on both securing partnerships in the advisor community and working directly with private investors. She was also named to the newly created position of commercial director, North America, for Campden Media, IPI’s parent company. She brings 15 years of experience working directly with chief executives of public and private companies.
Previously, she was chief executive of VRK Consulting, Inc., where she focused on assisting clients to expand their business through global partnerships and strategic alliances while strengthening their corporate social responsibility. Prior to that, she managed the membership of The Hudson New York Briefing Council for Hudson Institute, a nonpartisan public policy think tank based in Washington, D.C.
Sutherland joined IPI after serving as a consultant with the company. In this position, he will lead membership development and expand market presence in the western U.S. A Bay area resident for 25 years, he will reach out to all members in the region. Prior to joining IPI, Sutherland served as chief operating officer of the USS Hornet Aircraft Carrier Museum, and at the senior management level of several museums in the Bay Area.
MDRT Names Borislow President, Promotes Stahr to CEO
The Million Dollar Round Table (MDRT) announced Sept. 1 that Jennifer A. Borislow of the Borislow Insurance Agency in Methuen, Mass. is the new president, succeeding Julian H. Good Jr. of MetLife/Creative Financial Solutions in New Orleans, La. Good will complete his five-year term on the executive committee as immediate past president. Borislow has been a member of MDRT for 23 years and is a four-year member of the executive committee.
The organization also announced recently the promotion of Stephen P. Stahr to chief executive officer. In that post, he will be responsible for managing all staff and administration of MDRT, as well as serving as the liaison to the executive committee and overseeing staff implementation of policy decisions. He began his career at MDRT in 1990 as a public relations coordinator, and was appointed public relations director in 1997, managing director in 2007 and chief operating officer in 2010.
James Dornan Joins ASPPA Government Affairs Team
The American Society of Pension Professionals & Actuaries (ASPPA) announced on Sept. 1 the addition of James E. Dornan to their team as political director. Dornan joins ASPPA from Artemis Strategies, where he was senior vice president handling political consulting services.
Dornan has over 20 years in the political arena ranging from running numerous Congressional and statewide political races from Florida to Washington state, to working on Capitol Hill for six different members of Congress and holding various other consulting and management positions in the government sector. He is also a guest lecturer at universities and programs such as George Mason University in Fairfax, VA, the University of Notre Dame’s Washington program, the Close-Up Foundation, and the Fund for American Studies’ Institute for American Journalism.