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New Hire Roundup: Paul Smith Named CEO of CFA Institute

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This week in personnel announcements and new hires, Paul Smith was named president and CEO of the CFA Institute; U.S. Bank Wealth Management made two staff changes; and Aequitas Capital Partners hired four and promoted one.

Also, Pembrook Capital Management welcomed Terence Baydala and Nikko Asset Management welcomed four.

Smith Named to Lead CFA Institute

The CFA Institute, the global institution that offers the chartered financial analyst designation, has announced that it has named Paul Smith president and CEO.

Smith, who was managing director, APAC and global head, institutional partnerships at the organization, has more than 30 years of leadership experience in the asset management industry, including over 18 years in Asia. He joined Bank of Bermuda in Hong Kong as Asia head of securities services in 1996. After HSBC’s acquisition of the bank in 2004, he served as global head of securities services and global head of alternative funds administration based in New York. Before joining the CFA Institute in October 2012, Smith was chairman and CEO of Asia Alternative Asset Partners.

U.S. Bank Wealth Management Boosts Boerner, Adds Hendrickson

U.S. Bank Wealth Management has announced that Gordon Boerner has been named regional banking manager, west region, for the Private Client Reserve of U.S. Bank, and Jan Hendrickson has been appointed regional managing director for Ascent Private Capital Management of U.S. Bank in Seattle. Boerner will remain in San Diego; Hendrickson will report to Michael Cole, president of Ascent.

Boerner previously served as the private banking managing director for the Reserve team in San Diego. He began his career in the banking and financial services industry in 1978.

Hendrickson most recently was the managing partner and a founder of Denny Hill Capital, an early-stage venture capital firm based in Seattle. She brings extensive corporate board experience, including multiple chairmanships. Previously, she served as vice president of one of Seattle’s middle market investment banks. Earlier in her career, she was the first CFO of Sound Transit, a $5 billion startup responsible for financing, constructing and operating Puget Sound’s mass transit system. She also previously served as the CFO for the Port of Seattle’s Seaport.

Aequitas Capital Partners Adds Four, Promotes One

Aequitas Capital Partners has announced the hiring of four regional directors: Todd Nelson for the southeast, James Kenney for the northwest, Whit Whitehouse for the southwest and Bill Hennessey for the northeast. In addition, Tammy Wood was promoted to vice president of sales.

Nelson has more than 13 years of financial services industry experience, and most recently served as the regional marketing director at 3D Asset Management. Kenney, with several years of financial advisory and client-facing experience, previously served as a wholesaler for Natixis Global Asset Management.

Whitehouse brings more than 20 years of experience and has predominantly held sales and management roles with financial institutions such as Fidelity, Citigroup and Wells Fargo. Most recently, he held a director position at Washington Wealth Management.

With more than 17 years of experience, Hennessey was most recently a relationship manager with Charles Schwab Advisor Services.

Wood has been active in the investment management industry for more than 25 years, having worked with corporate retirement plan sponsors, nonprofit foundations and endowments and high-net-worth individuals.

Pembrook Capital Management Adds Baydala

Terence Baydala has joined commercial real estate investment manager Pembrook Capital Management LLC as a managing director. He will be based in the New York office.

Baydala, a 35-year veteran of commercial real estate finance, most recently served for over two years as executive vice president, head of structured finance, with Meridian Capital Group in New York City. Prior to that, he served for five years as senior vice president, commercial real estate banking, for Anglo Irish Bank and 10 years as SVP, senior investment officer, structured finance with Arbor Realty Trust, Inc. Earlier in his career, he held positions with Xavier Realty Company, Banque Indosuez, Chemical Bank and other New York-based commercial real estate finance firms.

Nikko Asset Management Adds Four

Nikko Asset Management has hired four executives. Fred DeSerio, based in New York, has been named head of sales in the U.S. Peter Knight, based in Tokyo, joined as head of global product specialists. Daisuke Kono, based in Tokyo, has been named head of international institutional materials. Cameron Kuwahara joined as head of solutions marketing based in Edinburgh, Scotland, where the firm has a global equity team. He will be working in Edinburgh and the company’s European headquarters in London, as well as its New York office.

DeSerio joined on from Invesco, where he was a managing director. He previously worked for firms including Segal Advisors, American International Group and Smith Barney.

Knight most recently worked as a business development manager in Japanese equities at BNY Mellon, having previously worked for Citigroup Asset Management Japan.

Kono was previously a director of Invesco Asset Management’s product management section.

Kuwahara was previously a senior sales director for Citigroup Global Markets in Singapore. He also worked for Bank of America/Merrill Lynch Securities and Deutsche Securities Tokyo.

— Check out SEC Would Hire 431 Under Obama’s 2016 Budget on ThinkAdvisor.


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