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New Hires Roundup: Senate Banking Panel Approves SEC Nominations; Gregg Goes to The Hartford

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This week in new hires, the Senate Banking Committee approved several nominations; Michael Gregg was welcomed at The Hartford; Tom Douie rejoined Neuberger Berman; and Carl Steinhilber and Roderick Toppin went to MassMutual.

Also, Sumit Mahay joined RBC; Sarah Kenney was brought in at Edelman; and Myra Rothfeld went to Genworth.

Banking Committee Approves Aguilar, Gallagher as SEC Commissioners

The Senate Banking Committee on Sept. 8 approved Luis Aguilar for another term as SEC commissioner, and named Daniel Gallagher to replace Kathleen Casey as SEC commissioner. Casey’s term had expired in June; Aguilar’s term had expired in June of 2010, but as previously reported by AdvisorOne, commissioners are allowed to stay on for up to 18 months if a replacement has not been selected by the president.

The committee also approved the nominations of Anthony Frank D’Agostino and Gregory Karawan as directors of the Securities Investor Protection Corporation; S. Roy Woodall, Jr. to be a member of the Financial Stability Oversight Council; Martin Gruenberg to be a member and chairperson of the board of directors of the Federal Deposit Insurance Corporation; and Thomas Curry to be Comptroller of the Currency. All nominations will now be sent for approval by the full Senate.

Michael Gregg Joins The Hartford’s Wealth Management Unit

Michael GreggMichael S. Gregg has joined The Hartford as head of strategic markets in its wealth management business, the company announced Tuesday. He will report to David N. Levenson, president of the wealth management unit.

Most recently, Gregg worked at AXA Global Distributors in Paris, where he was managing director of a new business dedicated to providing guaranteed investment products through third-party distributors in Europe and Asia. Prior to that, he held positions with AXA Equitable in New York, including senior vice president, wholesale strategy and operations and head of the strategic initiatives group. He previously worked at McKinsey & Company as a management consultant in New York and San Francisco.

Neuberger Berman Appoints Tom Douie as SVP, Head of Intermediary Europe

Neuberger Berman announced Sept. 9 the appointment of Tom Douie as senior vice president, head of intermediary Europe. In this position, he will be responsible for developing the distribution of Neuberger Berman’s investment range throughout Europe’s intermediary channels. He will also directly manage the London-based intermediary team and will report locally to Dik van Lomwel, head of Europe and the Middle East.

Douie rejoins the firm from American Century, where he was head of European intermediary distribution; he previously held similar positions in the asset management divisions of Morgan Stanley and Lehman Brothers.

MassMutual Retirement Services Expands Team with Steinhilber, Toppin

The MassMutual Retirement Services Division announced on September 8 the addition of Carl Steinhilber and Roderick Toppin to its nonprofit retirement plan team. Both will provide product, investment, market and technical expertise for the company’s distribution channel relationships and customers in that market, and report to Jonathan Shuman, vice president of business development in the retirement services division.

Steinhilber joined MassMutual on July 25 as national nonprofit practice leader for its retirement services business, and comes to MassMutual from ING’s retirement services business, where he spent almost 23 years focusing on the public sector and nonprofit markets.

Toppin joined MassMutual Retirement Services on July 11 as managing director serving the nonprofit market in the eastern region, and brings with him over 10 years of experience in the retirement services industry, primarily focused on pricing, investment and plan design in the nonprofit market. He also joined MassMutual from ING’s retirement services business, where he served in a variety of product development and product management initiatives.

RBC Correspondent Services Appoints Mahay as Senior Relationship Manager

RBC Correspondent Services, which provides clearing, custody and execution services for independent broker dealers, announced Sept. 8 that Sumit Mahay has joined the firm as a vice president, senior relationship manager. Mahay will be based in the San Francisco Bay area, and will be responsible for supporting and driving business growth for RBC’s independent broker-dealers.

Mahay has more than 10 years of experience in the industry, and has extensive client management experience, as well as in-depth knowledge of the institutional, retail, independent, full service and bank-affiliated broker-dealer market segments. Previously, he was with Pershing, LLC, a BNY Mellon Company, as an assistant vice president, in their global customers division. Additionally, he also worked for Fidelity Investments, National Financial Services, and Bank of America Securities—Broker-Dealer Services.

Edelman Financial Services Hires Whole Foods Executive

Edelman Financial Services LLC announced Wednesday that it has named Sarah Kenney as director of communications. In her previous role, Kenney led communications and media relations activities for the mid-Atlantic region of Whole Foods Market. During her tenure, the region doubled in size to 35 stores and $1 billion in annual revenue.

She will be responsible for directing the company’s internal and external communications efforts in support of the firm’s nationwide expansion.

Genworth Financial Wealth Management Names New Chief Marketing Officer

Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial, Inc. (NYSE: GNW), announced on September 8 the appointment of Myra Rothfeld as chief marketing officer. Reporting to CEO Gurinder Ahluwalia, Rothfeld will lead marketing, brand strategy and product management initiatives in support of the independent financial advisors GFWM serves.

Rothfeld has served as a marketing executive for financial institutions including Charles Schwab, Citibank, and Shearson/American Express. Most recently at Citibank, she led the development of a new independent advisor channel to expand solutions for the bank’s high-net-worth clients. Prior to that, she was senior vice president, marketing for Schwab Institutional, where she was responsible for marketing, client experience and product management for the independent RIA business.

Read last week’s New Hire Roundup at


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