Oppenheimer Asset Management Inc. appointed Tim Pynchon as managing director, portfolio manager for High Yield Tax Exempt Funds. Previously, Pynchon served at Pioneer Investment Management. He will be based in Boston office. -Business Wire
News By Sector: Investment Management
Manulife Asset Management announced Robert Chepelsky, CFA, as a managing director and product manager working with its Canadian Fixed Income Investment Team. Chepelsky brings 20 years of investment industry experience to his new role. Most recently, he worked at Morneau Shepell where he spent the past ten years as an Investment Consultant. Chepelsky will be based in Toronto. -Canada News Wire
Carmel Partners, Inc. named David McWhorter as managing partner, head of Investor Relations, and will also serve as a member of the firm’s investment committee. McWhorter has over 30 years of institutional real estate investment experience. He comes to the firm from AEW Capital Management, where he served for over 10 years as a director in Investor Relations. McWhorter was directly responsible for building and maintaining strong client relationships with U.S. institutional investors, including public and corporate pension plans, endowments and foundations. -Business Wire
Cowen Group, Inc. appointed Karen Holthouse as a senior research analyst and director to cover the Restaurant sector of the Equity Research department. Holthouse joins Cowen from Credit Suisse, where she worked in equity research since 2006. -Business Wire
Invest Detroit appointed Derek Edwards as vice president with a focus on the Urban Retail Loan Fund, designed to provide financial support to neighborhood retail businesses in targeted areas of the greater downtown. With more than 20 years of commercial banking and underwriting experience, Edwards will be engaged in the lending activities of the family of funds managed by Invest Detroit. -Detroit Free Press (Michigan)
Eaton Vance Corporation announced Bradley T. Galko, CFA, as a senior research analyst. Galko will be a vice president of Eaton Vance Management and will join the Global Industrial Research Team. Galko comes to the company from Pioneer Investment Management, where he served as a vice president and senior equity analyst covering the capital goods sector. -PR Newswire
Riverstone Holdings LLC appointed James T. Hackett as a partner and will co-head its Houston office. Hackett was previously chief executive officer of Anadarko Petroleum Company, where he served as chairman of the Board of Directors from 2006 to 2013. -PR Newswire
SEI Investments Co. announced Andy Mitchell as managing director, head of Asset Management Distribution for SEI’s Canadian office. Mitchell will be responsible for developing and maintaining strategic relationships with large distribution partners, driving sales and revenue growth with existing and new clients, and managing SEI’s strategic sales plan. Prior to joining SEI, Mitchell was president of Worldsource Financial Management, a leading independent advisor network. -Market Wire
The Rockefeller Foundation announced Dr. Fred Boltz as managing director and will lead the Foundation’s global work related to ecosystems. Boltz joins The Rockefeller Foundation from Conservation International (CI), where he was most recently their senior vice president for International Policy, serving as the chief officer for global climate change, freshwater and food security, biodiversity and sustainable development policy. -PR Newswire
CBRE Global Investors named Jean Lamothe as head of value-add investments in Europe, the Middle East and Africa. Lamothe’s role will be to provide clients with a new range of investment opportunities across Europe. Lamothe, who has been with CBRE Global Investors since 2010, will continue to be based in London.
CBRE Global Investors named Michael Ness as head of UK, a role which he will combine with his current responsibilities as managing director and head of separate accounts.
400 Capital Management LLC appointed John Bateman as chief financial officer. Bateman will be head of the firm’s financial and tax activities. Previously, Bateman was chief operating officer and chief financial officer for technology, media and telecom investment banking, precious metals trading and emerging markets fixed income trading at Credit Suisse in New York, Palo Alto and London. He began his career as a tax accountant at Arthur Andersen & Co.
400 Capital Management LLC appointedTami Witham, CFA, as a director and investor relations product specialist. In this role, Witham will be responsible for managing current and prospective client relationships and for providing communication and expertise on the firm’s product strategy. Prior to 400 Capital, Witham was a family investment officer for GenSpring Family Offices in New York where she advised ultra-high net worth families in goals-based planning and asset allocation.-PR Newswire
Foster Dykema Cabot & Co., Incorporated announced Douglas Phillips as the firm’s new chief investment officer. Phillips will work with the investment team on investment strategy, asset allocation and security and manager selection. Phillips has twenty-five years of experience in the investment management industry serving the needs of high net worth and ultra high net worth individuals and families, and their endowments and foundations. Prior to joining Foster Dykema Cabot, Phillips spent fifteen years at Choate Investment Advisors. -PR Newswire
Prudential Real Estate Investors named Michael Gallagher as a director and portfolio manager to its Global Real Estate Securities Team. Gallagher, who joined PREI in September, 2012 as an associate portfolio manager for European real estate securities, will now be responsible for all aspects of portfolio management for the fund’s European securities. He has also been added as a portfolio manager for the Prudential International Real Estate Fund and the Prudential U.S. Real Estate Fund. Gallagher has more than 13 years of experience working in the public securities market. Prior to joining Prudential, he was the assistant fund manager for global real estate securities at Aviva Investors in London. -Business Wire
Baring Asset Management, Inc. appointed Staffan Lindfeldt as head of Global Emerging Market Equities, and will be responsible for leading and managing the Global Emerging Market (GEMs) Equities Team. Joining from Handelsbanken Asset Management in Stockholm where he has been chief portfolio manager for Global Emerging Markets since 2006, Lindfeldt will be the lead investment manager on several of the GEMs portfolios including mutual funds and segregated portfolios, subject to regulatory approval. He replaces Roberto Lampl.
Baring Asset Management, Inc. appointed Isabelle Alexander as investment manager, assisting with the management of the GEMs portfolios. Alexander has seven years investment experience and was previously a portfolio manager at Pictet Asset Management in its Global Emerging Markets Team. -Citywire
WP Stewart & Co. Ltd. announced Michael Maquet as chief executive officer. Maquet joins W.P. Stewart having spent his career in the financial services industry. Most recently Maquet was chief executive officer and president of Madison Square Investors, an equity asset management firm. -GlobeNewswire
Northern Trust Corporation announced Jane Karpinski as senior vice president and controller of the Corporation and The Northern Trust Company, the Corporation’s principal banking subsidiary. Karpinski also will serve as the corporation’s principal accounting officer. Previously, Karpinski served as the chief financial officer for activities in Europe, the Middle East and Africa, then in 2012 was promoted to chief financial officer, International. In that role, Karpinski was responsible for all aspects of finance for all of the Corporation’s offices outside the US, including statutory and regulatory reporting, management reporting, as well as tax and fee billing. -SEC Form 8k
New York Life has announced Brooke Zrno Grisham as chief executive officer in charge of the Nautilus Group. In this role, Grisham is responsible for a premier team of industry professionals based in Dallas, Texas, providing dedicated support in business and estate planning for an elite group of New York Life agents serving the advanced markets for life insurance.
Grisham joined New York Life in 1999 working as a senior associate in the Nautilus Group and most recently as chief operating officer, responsible for case development, information technology, compliance and administrative functions. Prior to joining New York Life, Grisham worked as a corporate sales and marketing trainer for Mary Kay Inc. -Business Wire
State Street Corporation appointed Michael W. Bell as executive vice president and member of its Management Committee, the company’s senior-most policy-making and strategy group. Bell will assume the role of chief financial officer in August, responsible for State Street’s companywide financial strategy and functions including treasury, accounting, tax and reporting and investor relations. Bell most recently served as chief financial officer of Manulife Financial Corporation in Toronto where he was responsible for the global financial functions for one of the world’s large life insurance and financial services companies, with principal operations in Asia, Canada and the United States. He replaces Edward J. Resch. – Business Wire
Equinox Fund Management L.L.C. announced Vance Jeffrey Sanders as chief accounting officer of the company. Currently Sanders acts as both chief financial officer and chief technology officer of the company. He replaces S. Brent Bales. -SEC Form 8k
Allianz Global Investors AG appointed Eugene Eun Soo Chung as chief executive officer, Korea. Previously, Chung was chief investment officer, Bond, at AllianzGI Korea after spending two years at Allianz Insurance Co., Korea as head of Fixed Income Portfolio. Prior to re-joining the company, Chung was chief executive officer, president at KyoboAXA Investment Managers Co., Korea.
Eastspring Investments Limited announced Koh Hui-Jian as head of Retail Sales with responsibility for all retail sales in Hong Kong and Singapore and enhancing offshore sales across Asia. Additionally, Hui- Jian will oversee the entry into the UK and Europe wholesale market. Hui-Jian has more than 17 years’ sales experience in the asset management industry. She joined Eastspring Investments Singapore in March 2011, as the head of Retail Sales in Singapore and in 2012 was appointed head of Retail Sales Singapore and Hong Kong.
Eastspring Investments Singapore announced Caron Ng as head of Retail Sales for Singapore and will report to Hui-Jian. Ng joined the business in May 2011 and previously held distribution roles in global asset management firms in Singapore.
PineBridge Investments LLC announced Wael Aburida as the new chief investment officer. Aburida will lead the company’s MENA Private Equity and Real Estate Team covering the Middle East, North Africa and Turkey, with responsibility for deal origination, negotiations, execution, portfolio management, and exits. Aburida joins from UAE-based Waha Capital where he was director of Mergers & Acquisitions, and was previously director of the Global M&A Group for Intel Corporation, based in the California global headquarters. He also served as managing director of Nollenberger Capital Partners and DCA Partners. – Datamonitor NewsWire
Advisors Asset Management, Inc. named Roberto Roffo as senior vice president and portfolio manager to expand its tax-exempt management capabilities, primarily with municipal fixed income strategies. Prior to joining the company, Roffo was the managing director/senior portfolio manager of SMC Fixed Income Management, LP for seven years, during which time he assisted in the development of the largest municipal fixed income offering for a UIT. -PR Newswire
Phillips Edison & Company announced Devin I. Murphy as chief financial officer. Murphy will manage relationships with capital providers and direct all financial and internal control activities, including planning and reporting, fundraising, investor relations, accounting and risk management. As a senior member of the executive team, he will help lead the development of strategic plans to meet the Company’s growth objectives. Prior to joining Phillips Edison, Murphy was vice chairman of Investment Banking at Morgan Stanley. -PR Newswire
OppenheimerFunds, Inc. appoints Art Steinmetz as President. In this role, Steinmetz will help drive the firm’s strategic mission and continue to foster and build the firm’s investment capabilities and culture. Steinmetz will continue to co-manage his investment strategies and portfolios, giving him a more visible podium to represent the OppenheimerFunds brand. -PR Newswire
Westwood Holdings Group Inc. announces Mark A. Wallace, the company’s chief financial officer, as principal accounting officer. He replaces Craig Whitten. -SEC Form 8k
Lasalle Investment Management Inc. announced Tiziana Galassini as chief operating officer in its client capital group. Galassini joins from Morgan Stanley, where she spent 15 years in its investment banking division.
Cowen Group, Inc. announced Eric Helenek as managing director. Based in New York, Helenek will report to Grant Miller, Cowen’s head of Equity Capital Markets. Helenek joins Cowen from Lazard Frères LLC, where he was a director in the Alternative Capital Finance Group responsible for the origination and execution of privately-executed financings for public companies in the energy and technology sectors. -Business Wire
MacKay Shields LLC announced Laurie Russman as managing director. In this newly created position, Russman is responsible for further developing the firm’s relationships with investors in Canada and the endowment and foundation marketplace, as well as with the consultant community. She reports directly to MacKay’s global head of distribution, John Akkerman. Russman has more than 20 years experience in the asset management business, her previous roles with Rogge Global Partners, ING Investment Management and TT International. -Business Wire
Lyxor Asset Management announced Frank Frecentese as the deputy head of hedge fund research for the New York office. Lyxor had been at Citi Private Bank where he had been a managing director, global head of hedge fund investments. In that role, he oversaw the hedge fund investments business for Citi with particular emphasis on sourcing, diligence and monitoring of hedge fund investments for the firm’s advisory portfolios and placement business. -Infovest21 News
Ellington Management Group announced that Steven M. Abreu, 48, the former president of GMAC Mortgage, has joined Ellington in a new role as head of mortgage originations.
Abreu will lead the firm’s efforts to acquire one or more mortgage originators. It is anticipated that any such acquisitions will be made by Ellington Financial, and that post-acquisition he will oversee both agency and non-agency mortgage originations, including refinancings, purchase loans, and retention of servicing rights.
Prior to joining Ellington, Abreu was president of GMAC Mortgage from 2009 to 2013. Prior to that, he was CEO and president of GreenPoint Mortgage Funding. -PR Newswire
Apollo Acquisition Corp. announced that, effective as of May 17, 2013, Jianguo Xu appointed as president (principal executive officer), chief executive officer and director, and Wilson Wingsang Hui appointed as chief financial officer (principal financial officer), treasurer, and director. They replace Gregg E. Jaclin.
Jianguo Xu has been director of Hybrid Kinetic Group since June 2010 and has also been serving as vice president for global sourcing for HK Motors commencing in April 2010.
Wilson Wingsang Hui served as chief financial officer and director of Hybrid Kinetic Group since September 2007. -SEC Form 8k
Greystone & Co. has announced the addition of Andrew Warren to the firm’s affordable housing preservation division as director of investments. He will be based out of the firm’s New York City office.
In his role as director of investments, Warren will lead the group’s efforts in raising equity capital for properties through the Low Income Housing Tax Credit program, as well as securing debt and financing through various partnerships. He will report to Tanya Eastwood, head of the company’s affordable housing initiatives.
Prior to joining the company, Warren served as the director of portfolio management at Centerline Capital group. -Business Wire
Omidyar Network announced that Ory Okolloh has joined as a director, investments within the philanthropic investment firm’s government transparency initiative.
Okolloh will help drive the organization’s work in supporting innovative organizations that use technology and media platforms to provide access to information and the tools necessary for citizens to participate in the governing process.
Okolloh was formerly a policy manager for sub-Saharan Africa with Google and co-founder and executive director of Ushahidi. -PR Newswire
Threshold Group announced that Mark deVries was promoted to director of manager research and Alex Hokanson was added as senior investment analyst.
deVries, a 12-year industry veteran based in the Philadelphia office, is now responsible for overseeing Threshold’s manager due diligence team, which focuses on identifying and monitoring asset managers, used as the key ingredients to build portfolios aligned with client goals.
Hokanson, who reports to deVries, will focus on non-US equities, real assets as well as impact strategies. -PR Newswire
Parmenter Realty Partners announced that Caitlin Healey has joined the firm as their new senior vice president capital markets.
Healey will be responsible for Parmenter Realty Partners’ institutional business development and consultant relations including capital fund raising.
Prior to joining Parmenter Realty Partners, Healey was on the real estate focused fund raising team at Monument Group. Her responsibilities included research and development of potential investors as well as new business development and investor relations activities. She was actively involved in the successful raise of six domestic and international private equity real estate funds. -Business Wire
Flagship Ventures announced the appointment of Stephane Bancel as a senior partner. In this role, Bancel will provide strategic counsel and support to portfolio companies.
Prior to joining Flagship, Bancel served as chief executive officer of bioMerieux. In addition to working closely with companies in the portfolio, he also serves as president and chief executive officer of Moderna Therapeutics. -PR Newswire
In this newly created role, Mackenzie will focus on driving sales for iShares across the Middle East and Africa, supporting existing client relationships in the official institutions arena as well as researching and prospecting new clients. He will report to Leen Meijaard, head of EMEA iShares sales at BlackRock, with additional reporting lines to Nick Anderson, head of MEA at BlackRock and Terry Keeley, head of BlackRock’s global official institutions group.
Franklin Templeton Limited Duration Income Trust announced that Madeline Lam and Justin Ma will join Christopher Molumphy, Eric Takaha, Glenn Voyles, and Roger Bayston as members of the fund’s portfolio management team.
The appointments are effective as of June 1, 2013. -Market Wire
- Legg Mason Partners Fund Advisor
- Legg Mason BW Global Income Opportunities Fund
- Legg Mason Partners Income Trust – Western Asset Emerging Markets Debt Fund
- Western Asset Worldwide Income Fund
- Western Asset Variable Rate Strategic Fund
- Western Asset Municipal Partners Fund
- Western Asset Municipal High Income Fund
- Western Asset Municipal Defined Opportunity Trust
- Western Asset Mortgage Defined Opportunity Fund
- Western Asset Managed Municipals Fund
- Western Asset Managed High Income Fund
- Western Asset Investment Grade Defined Opportunity Trust
- Western Asset Intermediate Muni Fund
- Western Asset Inflation Management Fund
- Western Asset High Yield Defined Opportunity Fund
- Western Asset High Income Opportunity Fund
- Western Asset High Income Fund
- Western Asset High Income Fund II
- Western Asset Global Partners Income Fund
- Western Asset Global High Income Fund
- Western Asset Global Corporate Defined Opportunity Fund
- Western Asset Emerging Markets Income Fund
- LMP Real Estate Income Fund
- LMP Corporate Loan Fund
- LMP Capital and Income Fund
- Clearbridge Energy MLP Total Return Fund
- ClearBridge Energy MLP Opportunity Fund
- ClearBridge Energy MLP Fund
Fuller is a managing director of Legg Mason & Co. since 2013, officer and/or director/trustee of 162 funds associated with Legg Mason Partners Fund Advisor (LMPFA) since 2013; president and chief executive officer of LM Asset Services (formerly a registered investment adviser) since 2013. He is formerly senior vice president of LMPFA since 2012, director of Legg Mason & Co. from 2012 to 2013, vice president of Legg Mason & Co. from 2009 to 2012, vice president of T. Rowe Price Associates from 1993 to 2009, as well as investment analyst and portfolio manager for certain asset allocation accounts from 2004 to 2009. -Business Wire