This week in personnel announcements and new hires, NASAA announced that Andrea Seidt is its new president, Stephanie Zaffos joined Convergent Wealth Advisors, Scivantage welcomed Jim Toussignant, and the SEC announced three staff promotions.
Also, U.S. Bank announced a promotion and a new hire, NAMIC welcomed John Hair to its Washington office, and Greg Smith joined Lincoln Financial Advisors.
Ohio Securities Commissioner Andrea Seidt to Lead NASAA
The North American Securities Administrators Association (NASAA) announced Tuesday that Ohio Securities Commissioner Andrea Seidt has begun a one-year term as president. It also announced the new board of directors, including William Beatty, president-elect, of Washington; Heather Abshure, past president, Arkansas; Melanie Lubin, Maryland; Joseph Borg, Alabama; Douglas Brown, Manitoba; Michael Rothman, Minnesota; and Judith Shaw, Maine.
For the past year, Seidt has served as NASAA’s vice president and chair of the investment advisor section. Previously, she served as a member of the board of directors and played an integral role in the switch of 2,100 investment advisors from federal to state oversight as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. She has served as Ohio’s securities commissioner since 2008. Prior to her appointment as commissioner, she served as deputy chief counsel for the office of the Ohio attorney general, where she worked on investor and consumer protection litigation. She served as lead counsel for the office’s subprime lending investigations and coordinated Ohio’s efforts with other attorney general offices across the country.
Stephanie Zaffos Joins Convergent as Director of Trust and Estate Planning
Convergent Wealth Advisors today announced the addition of Stephanie Zaffos, J.D., to the team as director of trust and estate planning. In her new role, she will serve as the firm’s estate planning expert, supporting ultra-high-net-worth clients.
Zaffos’ knowledge of estate and trust planning spans nearly 15 years, having practiced at such firms as Venable, Proskauer Rose, and Katten Muchin Rosenman. She is a member of the California state bar.
Scivantage Appoints Jim Tousignant
Scivantage has announced the appointment of Jim Tousignant as executive vice president of sales and business development. He will be based in Jersey City, N.J., and report directly to Adnane Charchour, CEO.
Tousignant has more than three decades of entrepreneurial and senior management experience in the financial services and technology sectors. He was cofounder and president of Multex, and has also held senior positions at Thomson Financial, where he was a managing director responsible for global sales, and Morgan Stanley, where he served as EVP, business development and e-commerce.
SEC Announces 3 Promotions
The SEC has announced two promotions to senior positions in its Division of Economic and Risk Analysis (DERA); Scott Bauguess has been named deputy director, and Vanessa Countryman will become chief counsel. In addition, it announced the appointment of Karen Martinez as director of the Salt Lake regional office.
DERA’s two deputy director positions assist the chief economist with the overall management of the division. Dr. Bauguess, who has been an assistant director for DERA’s office of corporate finance since 2011, will focus on overseeing the division’s risk assessment functions in his new role. He also will be involved in the division’s policy and rulemaking support activities, working closely together with DERA’s other deputy director, Jennifer Marietta-Westberg. He replaces Kathleen Hanley, who recently returned to academia.
Bauguess joined the SEC staff in 2007 as a visiting academic scholar in the office of economic analysis, and became a senior financial economist in 2009 prior to becoming an assistant director two years later. Before coming to the SEC, he was an assistant professor at Texas Tech University. Since 2009, he has taught in the masters of finance program as an adjunct member of the faculty at the George Washington University School of Business.