This week in new hires, Tom Nides rejoined Morgan Stanley; Rob Brown went to United Capital; and Vanguard announced several investment management changes.
Also, Arthur Aybar joined Cetera Advisors, and Matthew Schreiber became president of WBI Investments.
Tom Nides Rejoins Morgan Stanley as Vice Chairman
Morgan Stanley announced Tuesday that Thomas Nides, former deputy secretary of state and former chief operating officer of Morgan Stanley, will rejoin the firm as vice chairman. In his new role, he will have a broad mandate focusing on global clients and other key constituencies around the world. He will also work with senior management on issues related to external and government affairs. He will be a member of the operating and management committees and will report directly to James Gorman, chairman and CEO.
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Before joining Morgan Stanley, Nides served as worldwide president and CEO of Burson-Marsteller and as chief administration officer of Credit Suisse First Boston, the investment banking division of Zurich-based Credit Suisse Group. He began his career on Capitol Hill as assistant to the majority whip of the House and executive assistant to the speaker. He later served as a senior vice president of Fannie Mae and as chief of staff to the U.S. trade representative.
United Capital Names Rob Brown Chief Investment Strategist
United Capital Financial Advisers announced Friday that Rob Brown had joined the firm as senior vice president and chief investment strategist.
Brown brings with him more than 25 years of experience in portfolio management for large foundations, endowments, pensions and ultrahigh-net-worth investors. His past roles have touched on various facets of the financial industry. They include executive-level positions at Genworth Financial, SEI and Envestnet; director at the CFA Institute; and chief investment officer of the Arizona Public Safety Personnel Retirement System.
Vanguard Announces Key Investment Management Appointments
Vanguard announced five key investment management appointments on Friday. Separately, Vanguard announced new portfolio management assignments involving 15 equity funds, 11 fixed-income funds, two balanced funds and the Vanguard Target Retirement Fund series. The changes were effective Friday with the filing of prospectus amendments that detail the leadership and portfolio manager assignments.
Joseph Brennan, who served in Australia as Asia Pacific CIO since 2009, will return to the U.S. to lead the equity index group. Brennan, whose move was announced in Australia in November, will oversee those responsible for more than 80 U.S. and international equity index funds and ETFs. Prior to his Australian post, the 12-year Vanguard veteran managed the portfolio review department, which selects investment advisory firms, monitors funds, and develops new products.