This week in personnel announcements and new hires, Fisher Investments has clarified that while its founder, Ken Fisher, is stepping down as CEO in 2016, he is not retiring from the firm.
In other news, RCM Alternatives promoted Paul Rieger; Innealta Capital promoted Mark Mowrey; Scivantage added Christian Farber; Brown Brothers Harriman named three new partners; tru Independence hired Doug Nichols and Paul Dalton; the Financial Services Roundtable welcomed Chris Feeney; and Heather Conforto Beatty joined the TCW Group.
Also, Mark Benskin was appointed at the Private Client Reserve; NSBN LLP named three new partners; David Lamere joined the board at Financial Recovery Technologies; John Quartararo joined Castle Hill Capital Partners; the EDHEC-Risk Institute announced the impending departure of Professor Noël Amenc; the FPA announced that Dr. Dave Yeske will become practitioner editor at the Journal of Financial Planning; and Celent welcomed Brad Bailey.
Ken Fisher Isn’t Retiring
Contrary to published reports, Ken Fisher, founder and CEO of Fisher Investments, is not retiring.
Fisher, 64, has stated for years that he will step down as CEO in 2016, handing over day-to-day management of the firm’s non-investment operations, his company said in a statement. However, he will remain chairman and co-chief investment officer and a member of the Investment Policy Committee with no change to his investment responsibilities.
As chairman, Fisher will continue to regularly interact with clients, employees and the investing public, the statement said.
Published reports had stated that at least one firm was concerned that Fisher had not detailed a succession plan. But Fisher Investments said in the statement that CEO succession “is routinely discussed among institutional clients and their consultants and is included in the request for proposal (RFP) process, finals presentations, and regular updates with clients for all investment management firms, including Fisher Investments.”
Brown Brothers Harriman Names 3 Partners
Brown Brothers Harriman & Co. announced that it has named Jean-Marc Crepin, Michael Keller and Jean-Pierre Paquin as partners.
Crepin, who joined in 2007, is currently responsible for BBH Luxembourg. He has over 20 years of financial services experience, including roles as a fund manager, business manager and investment banker. Prior to joining, he was country manager for Italy at State Street Bank & Trust.
Keller joined in 2005 as an equity analyst and currently serves as co-manager of the firm’s large-cap equity strategy. With more than 15 years of experience, he was formerly a senior equity analyst for KeyBanc Capital Markets in New York.
Paquin, who joined in 1996, currently serves as co-manager of the firm’s private equity business and is responsible for limited partner relationships globally.
Rieger Moves Up at RCM Alternatives
Managed futures brokerage firm RCM Alternatives has announced that Paul Rieger has been promoted to managing director and partner.
With more than 16 years of futures industry experience, Rieger joined RCM in 2012. He previously spent more than 13 years with MF Global in positions of increasing responsibility.
Mowrey Advances at Innealta Capital
Innealta Capital has announced that Mark Mowrey has been promoted to senior vice president and portfolio manager, and has joined its investment committee as a full member.
Mowrey, who had been with AFAM Capital since 2004, became instrumental in Innealta’s growth and development since the latter’s acquisition by AFAM in 2009.
Scivantage Adds Farber
Financial services software provider Scivantage has announced that Christian Farber has joined as executive vice president of marketing, sales and relationship management.
Prior to joining, Farber served as SVP of business development and client support at State Street Corp. Earlier, he was chief marketing officer at Princeton Financial Systems and SVP, managing director of sales and relationship management at Albridge. Tru Independence Adds Nichols, Dalton
Consulting platform tru Independence has announced that Doug Nichols has joined as managing director of affiliated services and Paul Dalton has joined as chief technology officer.
With nearly 20 years of mortgage industry experience, Nichols was formerly a VP at Flagstar Bank. Dalton was previously director of technology at a wealth management firm; earlier he was network administrator at an RIA.
Feeney Joins FSR
The Financial Services Roundtable has announced that Chris Feeney has joined as president of its BITS technology division, which focuses on cybersecurity, technology, payments, and fraud reduction.
Feeney previously served as managing director and chief information officer for LPL Financial, and is currently president of management consulting and advisory firm CF Feeney Consulting. He has served as an executive at financial and technology firms including Thomson Financial, Bank of America, Telerate and Multex Inc.
Beatty Joins TCW Group
TCW Group, an asset management firm, has announced that Heather Conforto Beatty has joined as senior vice president on the institutional marketing team. She is based in Los Angeles and reports to Joe Carieri, managing director and head of institutional marketing.
Beatty joins from Thornburg Investment Management, where she was a co-director of global consultant relations. Prior to that, she led the institutional business development, client services and marketing efforts for Palisades Investment Partners.
Benskin Named at Private Client Reserve
U.S. Bank Wealth Management has announced that Mark Benskin has been appointed managing director, wealth management advisor for the Private Client Reserve in Milwaukee.
With more than 17 years of experience in the banking and financial services industry, Benskin was formerly at BMO Bank. Earlier, he held senior positions at BMO Private Bank, Harris Private Bank and Ozaukee Bank Wealth Management.
NSBN Names Three Partners
Alliott Group member NSBN LLP, CPAs & Business Consultants in Beverly Hills has announced that Eric Adler, Tayiika Dennis and Carey Heyman will become partners in the firm as of May 1.
Adler provides advice on business growth, taxation and planning to the real estate, horse racing and entertainment industries. Dennis provides audit and tax services for nonprofit organizations. Heyman provides accounting, audit, tax and consulting services to the real estate industry.
Financial Recovery Technologies Welcomes Lamere to Board
Financial Recovery Technologies has announced that David Lamere has joined its advisory board.
With more than 30 years of experience in wealth management, Lamere was president of Fidelity Investments Private Wealth. Earlier he served as vice chairman of Mellon Financial and president of Mellon’s private wealth management group.
Castle Hill Welcomes Quartararo
Castle Hill Capital Partners Inc. has announced that John Quartararo has joined as a partner and senior managing director.
Quartararo brings over 20 years of experience, most recently serving as a managing director and co-head of sales at Wells Fargo Prime Services after the acquisition of Merlin Securities in 2012. Earlier, he was senior managing director at Citigate Group, a London-based PLC.
Amenc to Step Down at EDHEC-Risk Institute
Professor Noël Amenc has resigned as director of the EDHEC-Risk Institute. His resignation will become effective Aug. 1, when he will be succeeded by Professor Lionel Martinelli. Amenc will continue to head up ERI Scientific Beta, the smart beta index provider set up by EDHEC-Risk Institute at the end of 2012, which becomes an entity that is autonomous from the institute.
Amenc founded EDHEC-Risk Institute, which is part of EDHEC Business School, in 2001. It is one of the leading centers for applied research for the investment industry worldwide.
Yeske to be Practitioner Editor at Journal of Financial Planning
The Financial Planning Association has announced that Dr. David Yeske will become the practitioner editor at the Journal of Financial Planning. He will serve a three-year term.
Yeske has been a financial planner since 1990. He is a principal of wealth management firm Yeske Buie and served as president of the FPA in 2003 and its chair in 2004.
Bailey Joins Celent
Celent has announced that Brad Bailey has joined as research director in the securities and investments practice.
With more than 20 years of Wall Street industry experience, Bailey was formerly director of business development and corporate strategy at KCG Holdings. Earlier, he held roles as a senior analyst, a quantitative trader and sales trader.
— Check out New Hire Roundup: Blundell Joins Northern Trust’s International Wealth Advisory Group on ThinkAdvisor.