New Hire Roundup: Carasso Joins Senate Finance Committee Staff

Baring Asset Management, Babson Capital and OFI Global Asset Management, the asset management companies of Massachusetts Mutual Life Insurance Co., recently announced the appointment of Gary Smith as Head of Sovereign Wealth Funds and Official Institutions.

In this new role, Smith will work across the distribution networks of the affiliated firms of Barings, Babson and OFI Global Asset Management to “maximize the potential for this important channel,” MassMutual said. Smith is based in London and has a reporting line into all three businesses.

Smith, who has more than 25 years’ experience, joins the group from BNP Paribas Investment Partners, where he worked for five years, most recently as Global Head of Official Institutions. In this role he was responsible for managing the relationship with a variety of institutional clients, including central banks and sovereign wealth funds and all partners within the group. Prior to this he held positions with BNP Paribas Group, Morgan Stanley, Merrill Lynch and Greenwell Montagu. Heather Nesle Joins New York Life Foundation

New York Life announced that Heather Nesle has joined the company as president of the New York Life Foundation. She also has been elected a vice president of New York Life. She reports to Frank Boccio, executive vice president and chief administrative officer, and replaces Christine Park, who has retired from the position. Nesle is responsible for managing the company’s philanthropic and volunteer activities. She also oversees The New York Life Foundation and Corporate Responsibility, the unit active in focusing employee volunteer activities.

Prior to joining, Nesle most recently served as vice president, corporate sustainability at HSBC Bank USA. Prior to that, she served in various roles at Fannie Mae, most recently as senior capital markets manager, as well as senior communications manager, and information architect.

Doyle Appointed by Capital One Bank

Capital One Bank has announced the appointment of Patrick Doyle as senior wealth and asset management specialist for the Dallas market. In this newly created role, he will be responsible for growing the firm’s wealth management business and managing client relationships in the area.

Doyle joins from BBVA Compass Bank in Dallas, where he served in a business development role for its wealth management business. Prior to Compass, he spent 28 years at Bank of America, most recently as a regional executive for the Great Lakes region of U.S. Trust Bank of America Private Wealth Management.