This week in personnel announcements and new hires, Morgan Stanley created a new leadership role in Wealth Management and named two others to key roles.
Meanwhile, Lynn Nolan joined the Economics, Finance and Taxation Department advisory board at Widener University; Jeff Thomas joined Nasdaq Private Market; American Century announced the promotion of Miguel Castillo; and Allianz Life promoted Renee West.
Also, Dynasty Financial Partners announced the launch of Concentus Wealth Advisors, Mark Griffin joined the Phoenix Cos., and Tom Ming joined Pensionmark Retirement Group.
Morgan Stanley Announces Appointments in Wealth Management Division
Focusing on the next wave of growth and development in wealth management, Morgan Stanley recently created a new role focusing on strategy and client management.
Doug Ketterer has become head of strategy and client management, driving growth in the ultra high net worth, institutional, corporate, non-U.S. residents and mass affluent markets.
Shelley O’Connor assumes the role of head of field management, which will continue to include three divisions and Private Wealth Management. She has held a succession of regional and national leadership positions across Morgan Stanley, most recently heading the Private Banking Group.
Eric Heaton succeeds O’Connor as Head of the Private Banking Group. For the past two years, he has served as president of the Morgan Stanley Banks. He joined the firm in 2012 and prior to that spent his 20-year career in leadership roles within investment banking and treasury at Deutsche Bank and Merrill Lynch.
Dynasty Financial Partners Announces Concentus Launch
Dynasty Financial Partners has announced the launch of Concentus Wealth Advisors. Concentus, formerly known as Strid Wealth Management Group, joined Dynasty from Wells Fargo Advisors. Concentus comprises Gerald “Zeke” Strid, principal; Erik Strid, principal; Paul Strid, principal; Nathan Hayward, director; and Thomas Greco, director.
Gerald Strid has more than 40 years of experience in the financial services industry. He spent the majority of his career as a financial advisor at Merrill Lynch before leaving to form the Strid Wealth Management Group in 2003.
Erik Strid spent a year working with Rittenhouse Capital Management before joining Gerald in 1992.
Paul Strid spent three years working for Credit Suisse First Boston inNew York, first at its institutional sales desk and then as director of global equities information technology. He joined the Strid Wealth Management Group in 2003.
Prior to joining the Strid Wealth Management Group in 2008, Hayward worked with the Kessler Baker Wealth Management Group.
Greco joined Strid Wealth Management in spring 2010 with 12 years of experience in the financial services industry. His previous experience was with the Vanguard Group and Turner Investment Partners. Nolan Named to University Advisory Board
The Penn Mutual Life Insurance Co. has announced that Lynn Nolan was named to the Economics, Finance and Taxation Department advisory board at Widener University. As a board member, she will help direct the department’s undergraduate, master of science in taxation and financial planning and CFP certificate programs. Board members also assist the department in finding internship and job opportunities for both graduate and undergraduate students.
Nolan is the director of retirement planning services at Penn Mutual and provides sales and technical support in the areas of ERISA qualified retirement plans, SIMPLE, SEP, traditional IRAs, Roth IRAs, nonqualified annuities and life insurance.
Thomas Goes to Nasdaq Private Market
NASDAQ Private Market LLC has announced that Jeff Thomas has been appointed vice president of sales. He will be based in San Francisco and report to Greg Brogger, president of Nasdaq Private Market.
Previously, Thomas led the west coast office of SecondMarket, most recently serving as vice president of business development with Owler.
American Century Advances Castillo
American Century Investments announced that Miguel Castillo has been promoted from senior fixed income trader to portfolio manager on the fixed income rates and currency team. He will serve as a co-portfolio manager on eight bond fund strategies.
Castillo joined in February 2008 as a portfolio research analyst in the portfolio advisory group, supporting the firm’s fixed income discipline. He was promoted to fixed income trader in June 2008. Prior to joining, he was a fixed income trader with Banco de Mexico, where he was involved in the implementation of monetary policy. He has worked in the investment industry since 2002.
Allianz Life Promotes West
Renee West has been promoted to senior vice president of Allianz Life’s actuarial division. In this role, she is responsible for building new products while ensuring profitability targets are met and risks are understood.
West’s 31-year actuarial career began in 1983 with Allianz Life as a senior actuarial assistant. In 1986, she joined Fortis Financial Group, where she spent more than 12 years. She also spent more than a year at Ameriprise Financial before returning to Allianz Life in 2000 as vice president of product development. Griffin Joins Phoenix Companies
The Phoenix Companies, Inc. announced that Mark Griffin has joined as executive vice president and chief risk officer. He reports to James Wehr, president and chief executive officer, and is responsible for overall leadership, vision and direction for enterprise risk management.
Griffinwas previously head of financial planning and analysis for Mass Mutual Financial. Prior to that, he served as chief investment officer and chief risk officer for Genworth Financial, chief risk manager for GE Insurance and held senior positions at Goldman Sachs and Morgan Stanley.
Pensionmark Welcomes Ming
Pensionmark Retirement Group announced that Tom Ming has joined as managing director of its latest branch office, Tower-Rock Advisors-Pensionmark, inBakersfieldandSan Joaquin Valley,Calif.
Ming was previously President of Tower Rock Advisors Inc.