This week in new hires, Fidelity Asset Management announced two new presidents in its fixed income division; SIFMA announced its new president and board members; Citigroup reorganized several of its executive positions; and EBSA announced five new leadership positions.
Also, JHS Asset Management welcomed a new advisor; BlackRock’s Obie McKenzie was named to chair the board of Worldofmoney.org; and RBC Wealth Management honored one of its own.
Fidelity Names Presidents to Bond and Money Market Groups
Fidelity Asset Management announced leadership appointments within its fixed income division, which includes the company’s bond and money market groups. Robert P. Brown, previously president of money markets, was named president of the bond group, succeeding Christopher Sullivan. Nancy D. Prior was promoted to president of money markets, succeeding Brown. Most recently, Prior was a managing director of credit research.
Christopher Sullivan was named head of institutional fixed income, a newly created role, and David E. Hamlin, previously a managing director of credit research, was promoted to head of research for fixed income, also a newly created role. Brown, Prior, Sullivan and Hamlin will report directly to Charles S. Morrison, president of the fixed income division.
SIFMA Names New Chairman, Board Members
SIFMA announced its new chairman and board members. Jerry del Missier, co-chief executive of Barclays Capital and the co-chief executive of corporate and investment banking at the firm, will be the organization’s new chairman.
In addition, Andrew S. Duff of Piper Jaffray, Karen B. Peetz of BNY Mellon, G. Donald Steel of Planned Investment Co., Inc., Richard B. Payne, Jr. of U.S. Bancorp, David L. Brunner of BNP Paribas Securities Corp., and Bryan T. Weadock of Bank of America Merrill Lynch have been elected to SIFMA’s board of directors and will serve three-year terms.
Citigroup Leaders Move Into New Roles Across Operating Regions
Citigroup on Friday announced a number of executive changes across regions. Manuel Medina-Mora will now have line responsibility for worldwide consumer and commercial banking franchises. As CEO of global consumer banking, he will continue reporting to Vikram Pandit. Javier Arrigunaga will be CEO of Mexico and run the country’s day-to-day operations, reporting to Medina-Mora. Francisco Aristeguieta will take over as CEO for Latin America, with responsibility for all businesses in the region excluding Mexico. He will also report to Medina-Mora.
Mike Corbat will become the sole CEO for Europe, Middle East and Africa (EMEA) and report to John Gerspach. Mark Mason, COO of holdings for the last two years, will take over from Corbat as CEO of Citi Holdings, reporting to Gene McQuade. Bill Mills, formerly CEO of EMEA/Western Europe and Africa, will become CEO for North America and report to Gerspach. Alberto Verme, CEO of EMEA/Eastern Europe and the Middle East, will become chairman of EMEA banking.
In Asia, Stephen Bird will become sole CEO of Asia Pacific. Shirish Apte will become co-chairman of Asia Pacific banking, focusing on clients in Southeast Asia. Shengman Zhang will continue to serve as co-chairman of Asia Pacific banking, with an emphasis on East Asia. Japan will now operate as an independent region and report directly to Gerspach. The heads of global functions in Japan will also report into New York, while leaders of the various businesses and product lines within Japan will continue to report directly to the CCO, with a matrix line to the global heads of their respective businesses.