This week in personnel announcements and new hires, Vanguard announced that Gregory Davis will become the new head of the firm’s fixed income group; the Brownstone Investment Group hired Matthew Martines; the Alliance for Investor Education elected new officers; and Mike DiCenso went to MassMutual Retirement Services.
Also, David Jacowitz was named managing director of Penn Mutual’s career agency office in Rochester; LIMRA and LOMA announced new officers and members of the board of directors; Laurie Belew was named FPA president-elect for 2014; and Jason Bickler became divisional vice president at Forethought.
Davis to Head Vanguard Fixed Income Group
Vanguard announced Monday that Robert Auwaerter, principal and head of the Vanguard Fixed Income Group, has announced that he will retire in March after 32 years with the firm. He will be succeeded by Gregory Davis, who currently serves as chief investment officer of the Asia Pacific region and is a director of Vanguard Investments Australia.
Prior to his current position, Davis, who joined the firm in November 1999, was a senior portfolio manager and head of bond indexing in the fixed income group. Before joining, he worked at Merrill Lynch as an associate in global debt markets.
Brownstone Investment Group Adds Martines
Brownstone Investment Group announced that it has hired Matthew Martines as managing director as it expands its municipal trading and electronic market making units.
Martines comes to Brownstone from Morgan Stanley, where he spent more than 15 years in various leadership roles within fixed income trading and electronic market making.
Alliance for Investor Education Elects New Officers
Don Blandin has been elected the new president of the Alliance for Investor Education (AIE), a nonprofit consortium of 19 trade group, governmental and quasi-governmental U.S.organizations involved in investor education. The other newly elected AIE officers are Theodore Daniels, vice president, and Robert Stammers, secretary/treasurer.
Blandin, president and CEO of the Investor Protection Trust (IPT) in Washington, replaces Sue Duncan, vice president of the Investment Company Institute Education Foundation (ICIEF), as president of AIE.
Daniels is the founder and president of the Society for Financial Education and Professional Development (SFEPD), and also served as a member of the President’s Advisory Council on Financial Literacy from January 2008 to January 2010. He has more than 35 years of experience in financial management and investments.
Stammers is director of investor education for CFA Institute. Prior to that, he founded a consulting company to aide real estate owners, lenders and syndicators develop and analyze structured real estate investments. He also served as a senior equity analyst with Long Term Short Term Inc., and was senior executive for several institutional fund managers. MassMutual Retirement Services Adds Mike DiCenso
MassMutual has named Mike DiCenso as market leader for the institutional segment of its retirement services division effective Nov. 4. In this newly created role, he is responsible for strategy and business development initiatives in support of the needs of distribution partners and sponsors in this market. He reports to William Silvanic, senior vice president and actuary, retirement services division.
DiCenso brings more than 26 years of experience, having held executive level positions in sales, distribution, marketing and product development in the U.S. and international retirement plan markets. Most recently, he served as the national practice leader for Gallagher Retirement Services. Prior to Gallagher, he was with RSM McGladrey Retirement Services.