This week in new hires, David Scheetz, Edward Deeds and James Axford joined Putnam Investments; Susan Wagner retired as vice chairwoman of BlackRock and was named to its board of directors; and SIPC welcomed three new board members.
Also, Randy Miller returned to National Planning Corp., Chuck Stutenroth joined Ascent Private Capital Management, and Byron Bowman became general counsel at fi360.
Putnam Investments Welcomes Scheetz, Deeds and Axford
Putnam Investments announced Tuesday that it has hired David Scheetz, Edward Deeds and James Axford for senior positions in defined-contribution sales and client relations. Scheetz and Deeds serve in the new positions of regional defined contribution directors. Both report directly to James Brockelman, defined contribution advisor-sold national sales manager. Axford has been named to the new position of defined contribution consultant relations manager, and will report to Peter Whitman, head of defined contribution investment-only. Each has nearly 25 years of industry experience.
Before joining, Scheetz was responsible for Bank of New York Mellon’s defined contribution investment-only business in the mid-Atlantic and had worked extensively with full-service plan sales, including experience with Prudential Retirement and Merrill Lynch. Based in Richmond, Va., he will be responsible for the mid-Atlantic region of Maryland, the District of Columbia,Virginia, North Carolina and Tennessee.
Deeds had previously served as a regional sales manager for ADP Retirement Services. He is based in Cincinnati and will be responsible for expanding advisor relationships in Ohio, Michigan, western Pennsylvania, Kentucky and Indiana.
Axford previously was a senior vice president, director, within Pioneer Investments’ investment-only retirement group. Earlier, he gained experience in sales and relationship management at a number of firms, including MassMutual Retirement Services, Russell Investment Group and MFS Investment Management.
BlackRock’s Susan Wagner to Retire as Vice Chairwoman, Join Board
BlackRock announced June 20 that Susan Wagner, a founding partner of BlackRock, is retiring as a vice chairwoman and has been elected to the board of directors. She will retire at the end of June and take her seat on the board at the October meeting. She also will continue to serve as a director of DSP BlackRock Investment Managers, the firm’s joint venture in India.
In addition to serving as a vice chairman, Wagner serves as a member of the firm’s global executive committee and global operating committee. She previously served as chief operating officer and head of corporate strategy, and led its international client and alternative investments businesses.
Three New Board Members to Join SIPC
The Securities Investor Protection Corp. (SIPC) announced Friday that two individuals nominated by President Obama and confirmed by the Senate and a new representative from the Treasury Department will serve as its three newest directors and replace outgoing board members Mark Shelton, William Heyman and George Madison. They are Anthony (Tony) D’Agostino, Gregg Karawan and Cyrus Amir-Mokri.