Joseph Cusick, formerly of optionsXpress, was named VP of wealth and asset management at MoneyBlock.

This week in personnel announcements and new hires, Global X welcomed Luis Berruga and Tom Lynch, David Heroux went to Pensionmark and Joseph Cusick joined MoneyBlock.

Also, Commonfund named Robert Litterman board of trustees chairman, Katy Spangler and Richard Hinz joined the American Benefits Council and Barry Mandinach went to Virtus Investment Partners.

Berruga, Lynch Join Global X

Global X Management Co. LLC has announced that Luis Berruga has been named chief operating officer and Tom Lynch senior compliance officer.

Berruga joins from Jefferies LLC, where he advised on mergers and acquisitions, capital raising and strategic planning for financial institutions. Previously, he spent nine years at Morgan Stanley. His experience includes accounting, finance, marketing, technology, operations, training and strategic planning.

Lynch, with nearly 30 years of experience in the financial services industry, joins from Van Eck, where he spent six years as chief compliance officer. Prior to that he served as treasurer at Van Eck for two years and earlier spent nine years at TIAA-CREF as second vice president.

Pensionmark Adds Heroux

Pensionmark Retirement has announced that David Heroux has been named managing director of its new Westlake, Calif., office.

Heroux, with 10 years of experience in advisory and financial planning services for corporate retirement plans and high-net-worth individuals, was formerly president and equity partner at 401k Management Group.

MoneyBlock Names Cusick VP of Wealth and Asset Management

MoneyBlock has announced that Joseph Cusick has joined as vice president of wealth and asset management. In this role, he will lead development of MoneyBlock’s wealth management platform.

Cusick was previously senior vice president of education at optionsXpress, where he led development of the firm’s education programs and served as a member of the platform development team. Prior to Charles Schwab’s acquisition of optionsXpress, Cusick helped launch the firm’s brokersXpress subsidiary. Earlier he was a market maker on the Chicago Board Options Exchange.

Litterman Named Commonfund Board Chairman

Commonfund has announced that Dr. Robert Litterman was elected to chair its board of trustees. He succeeds former chairman Brad Gallagher.

Litterman has been a member of the board since 2009 and most recently served as chair of the audit and risk committee. He spent 23 years at Goldman Sachs, where he held research, risk management, investments and thought leadership roles and oversaw the quantitative investment strategies group. American Benefits Council Adds Spangler and Hinz

The American Benefits Council has announced the addition of Katy Spangler as senior vice president, health policy, succeeding Paul Dennett, and Richard Hinz as senior advisor to the council and its affiliate, the American Benefits Institute.

Spangler served as deputy health policy director for the Republican members of the Senate Health, Education, Labor & Pensions Committee during the legislative consideration of the Patient Protection and Affordable Care Act (PPACA). She also has executive branch experience at the Department of Health & Human Services Office of Health Information Technology. Since leaving public service, she has worked both in academia at the University of Michigan Center for Value-Based Insurance Design and in a health policy consulting firm advising employers, health plans and providers.

Hinz spent more than 10 years at what is now the Employee Benefits Security Administration of the Department of Labor as director of policy and research. At the same time, he chaired the Organization for Economic Cooperation and Development’s working party on private pensions. From 2003 to 2013 he was a pension policy advisor and leader of the pensions team at the World Bank and program manager for the Financial Literacy and Education Trust Fund.

Virtus Investment Partners Adds Mandinach

Virtus Investment Partners has announced the addition of Barry Mandinach as executive vice president and head of distribution.

Most recently, Mandinach, a more than 30-year industry veteran, was head of wholesale distribution and chief marketing officer at UBS Global Asset Management (U.S.) and a board member of the PACE Select Funds. He joined UBS from Phoenix Investment Partners (PXP), the predecessor to Virtus, where he was chief sales and marketing officer from 1999 to 2001. Prior to PXP, he was a partner and cofounder, with Martin Zweig and Eugene Glaser, of the Zweig Mutual Funds, which were acquired by PXP in 1999. He began his career in the investment management industry with Drexel Burnham Lambert.