This week in personnel announcements and new hires, Jeffrey Cerutti was named CEO of AMG Funds; Westport Resources added a mutual fund team to its staff; and Raymond James has hired Peter Alberding and Warren Wright.
Also, Steven Dimitriou was named president of the National Association of Plan Advisors; the Phoenix Companies announced that Naomi Baline Kleinman has added treasurer to her current responsibilities; and the SEC announced that G. Jeffrey Boujoukos has been named associate regional director for enforcement in its Philadelphia office.
NAPA Announces New President
The National Association of Plan Advisors has announced that Steven Dimitriou has been named president, succeeding founding president Marcy Supovitz.
Dimitriou, a managing partner at Mayflower Advisors LLC, in Boston, has more than 20 years of experience in the retirement plan industry, with a particular focus on participant-directed plans. Prior to forming Mayflower Advisors, he was a managing director at H. C. Wainwright & Co., a vice president at BT Alex Brown, and one of the original members of the retirement sales team at MFS Inc. in Boston.
Affiliated Managers Group Names Cerutti CEO of AMG Funds
Affiliated Managers Group Inc. has named Jeffrey Cerutti chief executive officer of AMG Funds, a newly created position. In this role, he will be responsible for setting the strategy for AMG Funds. He will be based in Norwalk, Conn., and will report to Andrew Dyson, AMG’s executive vice president and head of global distribution.
Cerutti joins from Virtus Investment Partners, where he most recently was executive vice president, head of distribution, responsible for the distribution of all investment products across all channels and platforms. Prior to that, he served as managing director, head of national sales at UBS Global Asset Management.
Mutual Fund Team Joins Westport Resources
Westport Resources has added a team of three managing directors to its staff. Paul LaBossiere, Michael Portnoy and Mark Tonucci, who all joined from Trust Advisory Partners LLC, specialize in creating mutual funds by utilizing the experience of hedge fund managers. LaBossiere is responsible for strategic planning and relationship management. Portnoy serves as portfolio manager for the ALPS/Westport Resources Hedged High Income Fund. Tonucci is portfolio manager for the ALPS/Westport Resources Hedged High Income Fund.
For the past 19 years, LaBossiere has focused on alternative asset management. Prior to Trust Advisory Partners, he was at Gabelli & Partners. His past experience includes senior roles at Innovest Capital, as well as HSBC Asset Management. Previous positions include JP Morgan Investment Management and Bank of America.
From 2009 to 2011, Portnoy was a vice president of public investments for Hatteras Funds, where he was the portfolio manager of the Hatteras Alternative Mutual Funds, formerly the AIP Funds. Over a nearly 40-year career, he has developed and managed numerous investment products, including the Managers Funds, developed at Evaluation Associates in the 1980s and now owned by Affiliated Managers Group; Trust Advisors Equity Plus and Twin Plus, two multimanager market-neutral equity funds; and various liquid investment products.