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November 07, 2012 at 05:32 AM
This week in new hires, Patrick Bannigan joined American Century as chief operating officer, Monte Garpestad went to Securities America, and the Retirement Income Industry Association named Peng Chen academic curriculum director of its retirement management analyst curriculum.
Also, Irwin Menken of C3 Software joined Avalon Lake Partners, NAREIT named its 2013 leadership team, and U.S. Bank announced three new appointments.
American Century Investments Names Patrick Bannigan EVP, COO
American Century Investments announced the appointment of Patrick Bannigan to executive vice president and chief operating officer (COO), effective Nov. 5. Bannigan succeeds current COO Barry Fink, who is retiring from the firm in February but will continue his role as an American Century mutual fund board director. Bannigan will also serve on the management committee.
Bannigan’s most recent position was with RiverSource (now Columbia Management and part of Ameriprise Financial), where he served as president of RiverSource Funds and SVP and general manager of RiverSource Investments. Previously, he was managing director and global head of product for Morgan Stanley Investment Management. Earlier, he served as president of Touchstone Investments, and also had experience with Evergreen Investments. Previously, he was with Alliance Capital Management, where he was a member of its legal department.
Securities America Hires Monte Garpestad
Securities America announced that it has hired Monte Garpestad to the position of senior regional director of branch office development for the upper northwest region.
Garpestad recently relocated to Omaha from the Seattle area and will be located out of the firm’s home office. He spent more than 20 years at Charles Schwab, where he was a registered representative, branch manager, senior investment center sales manager and vice president.
RIIA Names Peng Chen Academic Director
The Retirement Income Industry Association announced on Tuesday that Peng Chen(left), CEO of Dimensional Fund Advisors, Asia, has been named academic curriculum director of the RIIA’s Retirement Management Analyst (RMA) advanced education program.
According to Francois Gadenne, executive director and chairman of the organization, Chen “will oversee and review the academic and scholarly direction of the evolving RMA curriculum, as well as edit and review submissions of annual updates to the RMA textbook and Retirement Income Body of Knowledge, which are the foundation of the RMA program of study.”
Chen, a longtime Morningstar and Ibbotson executive, surprised industry watchers in May when he announced his departure from the Chicago-based research and investment firm.
The reason given at the time by Morningstar chairman and CEO Joe Mansueto was that Chen was moving to Asia to be closer to his family.
