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June 26, 2013 at 08:38 AM
This week in new hires, Lourd Capital Management welcomed Cade McNown, Christine Walker went to Drexel Morgan Capital Advisers, Thornburg added Chris Elsmark and Karim Elfar to head up its new London office, Mercer announced three senior appointments, CaseSlattery Wealth Partners joined Securities America, and State Street Global Advisors announced that it was enhancing its investment capabilities.
Also, Jerry Paul joined ICON Advisors, Scott Berlin moved up at New York Life, the Private Client Reserve of U.S. Bank made two appointments, Guardian Life Insurance appointed Dr. Eric Studley president of the executive committee of its leader’s club, and Trust Co. of America named Robert MacDonald to its board.
Ex-NFL Quarterback McNown Joins Lourd Capital Management as Vice President
Lourd Capital Management announced Monday the appointment of Cade McNown as vice president. In this new position, he is responsible for cultivating new and existing client relationships as well as working with clients to develop customized investment solutions.
Prior to joining Lourd, McNown was a banker with J.P. Morgan Private Bank, where he focused on building and managing client relationships. Before joining J.P. Morgan, McNown worked in the private wealth division of UBS. He began his investment career at a boutique Southern California real estate investment firm. Before that, he spent four years as a professional quarterback in the National Football League after being selected in the first round of the 1999 draft by the Chicago Bears.
Christine Walker Joins Drexel Morgan Capital Advisers
Drexel Morgan Capital Advisers (formerly McCabe Capital Managers) announced Tuesday its hiring of Christine Walker as vice president, senior portfolio manager. In this role, she will serve as a member of the investment committee, manage client portfolios and relationships, design and direct investment and asset management strategies and develop new business.
Most recently, Walker served as vice president, senior portfolio manager for BNY Mellon Wealth Management in Philadelphia. Earlier, she filled similar roles at Lehman Brothers, Millennium Wealth Management & Private Banking Group, and The Vanguard Group of Investment Companies.
Thornburg Opens London Office
Thornburg Investment Management Inc. (TIM) established an office in London to enhance its global distribution capabilities. The firm also announced the appointments of Chris Elsmark and Karim Elfar to the newly created positions of joint managing directors in the new office. They will lead Thornburg Global Advisors, the London-based entity responsible for the firm’s institutional and professional investor market outside the U.S., and report to Peter Trevisani, head of global distribution and president of Thornburg Global Investment, their Irish-domiciled UCITS range of funds.
Elsmark joins from Copthall Partners, where he served as senior advisor to numerous investment management firms. He has held senior leadership positions at Scottish Widows Investment Partnerships, BNP Paribas Investment Partners and T. Rowe Price Group, including serving as head of global institutional client business. Prior to joining T. Rowe Price, he was investment director (European equities) at J.P. Morgan Asset Management in London.
Elfar joins with 16 years of industry experience primarily focused on all aspects of global business development. He was formerly a managing director and head of international for Davis Advisors. Prior to joining Davis, he had various roles within Merrill Lynch & Co. Inc. based in Miami, New York and London.
Mercer Announces Senior Appointments
Mercer announced Monday three senior-level appointments in Europe and in the growth markets. Andrew Kirton has been appointed head of the firm’s investments business in Europe, succeeding Tom Geraghty, who, as previously announced, has assumed the post of market leader and CEO for Ireland. Jeff Schutes has been appointed head of the firm’s investments business in the growth markets, a newly created position, which includes Asia, Middle East and Turkey, Africa, and Latin America. Akhil Sethi has been appointed head of the firm’s retirement business in the growth markets, a newly created position.
Kirton joined in 1998, has more than 25 years’ experience in the investment consulting industry and, since 2010, has been global chief investment officer. Previously, he held head of business positions for the global and European investment consulting business.
Schutes has held a number of senior leadership positions since he joined in 1995, most recently serving as global leader of manager research and head of the firm’s Latin America investments business. He previously led its U.S. investment consulting business.
Akhil Sethi joined in 1987 and most recently was global chief operating officer for the firm’s retirement business. He has held a number of key positions in New York, London and Singapore, including serving as CFO for Mercer Asia and CFO for Mercer Europe.
Securities America Welcomes CaseSlattery Wealth Partners
Financial advisors Shannon Case and Mark Slattery have become registered representatives with independent broker-dealer Securities America Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services.
Case joined the financial services industry in insurance in 1987, and Slattery joined him at a local firm in 1991. In 1995, Case and Slattery joined Securities America, and in 1997 they affiliated with American National Bank. After more than 10 years with Securities America, Case and Slattery moved their business to SII Investments in Wisconsin, in 2006, and formalized their partnership by founding CaseSlattery Wealth Partners, in Omaha, Neb. On June 3, Case and Slattery moved their financial practice back to Securities America.
