Mark Palmer has joined Legg Mason Global Asset Management Trust as director of business development for the UK.
Palmer was formerly at Fidelity International where he was a sales director responsible for developing relationships with life and platform businesses. -Money Marketing
Oak Hill Capital Partners announced that it has named Mark Pacala as a senior advisor to the firm.
Mr. Pacala will consult with companies in Oak Hill Capital’s private equity portfolio and provide expertise regarding the firm’s healthcare investments.
Mr. Pacala has over 25 years of operating and investment experience, predominantly in various healthcare businesses, as both a chief executive officer and private equity investor. -Company Website
The California State Teachers Employees’ Retirement System (CalSTRS) promoted veteran employee Margot Wirth to direct its private equity portfolio.
Wirth will oversee the multi-billion dollar operation, which represents nearly 13% of the California State Teachers’ Retirement System’s portfolio.
Wirth joined CalPERS as an investment officer in 2001. She has been interim co-director of private equity since February 2009.
Matrix Partners announced a new partner in its Boston office. Antonio Rodriguez, consumer technology entrepreneur, will join the firm as general partner.
In his new role at Matrix Partners, Rodriguez will be investing in young companies across a range of sectors including consumer Internet, mobile, software, and Internet infrastructure.
Most recently, Rodriguez was CTO of HP’s consumer imaging and printing division, where he led a wide array of projects in the areas of mass customization, e-reading, mobile platforms, and next generation web technologies for content consumption. He joined HP through the acquisition of Tabblo, where he was founder and CEO. -Company Website
Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) announced the appointment of Marvin Adams to head the company’s technology & operations.
Mr. Adams’ responsibilities will include overseeing the company’s information technology and operations functions, leading IT strategy and policy, and integrating technology and operational initiatives to advance quality client service. He succeeds Cara L. Schnaper.
Mr. Adams joined TIAA-CREF in January as senior vice president, business integration from Fidelity Investments, where he was president of shared services and responsible for enterprise transformation. -Business Wire
NuWave Investment Management, an industry-leading alternative investment manager specializing in the application of quantitative investment strategies across the global futures and U.S. equity markets, announced that Craig Weynand has been elevated to the position of chief operating officer.
Mr. Weynand will be responsible for overseeing all aspects of the firm’s day-to-day business operations.
Mr. Weynand joined NuWave one year ago as managing director, following nearly 20 years in the alternative investment industry at such distinguished firms as Morgan Stanley, Campbell & Company and Graham Capital Management.
NuWave has also hired Patrick Hannon as a sales executive in the firm’s business development group.
Mr. Hannon comes to NuWave following 10 years in Morgan Stanley’s alternative investment group, where his responsibilities included various aspects of due diligence and manager selection for the managed futures department, as well as being charged with expanding the firm’s business development and client education efforts. -PRNewswire
Providence Equity Partners announced that Robert S. Hull will join the firm as chief financial officer in early April based in the firm’s Providence office.
Hull succeeds Raymond Mathieu, who will become a managing director focused on special projects for the firm.
Hull will join Providence from GMAC where he serves as executive vice president and chief financial officer since 2007. He was a member of GMAC’s executive committee and served briefly on GMAC’s board of directors. He helped GMAC become a bank holding company in late 2008 and worked closely with the U.S. Treasury and the Federal Reserve to complete multiple equity transactions in 2009 including adding Chrysler as a business partner in May 2009. Previously he held a series of finance positions at Bank of America from 2001 to 2007, most recently as chief financial officer of the company’s global wealth and investment management business. Prior to serving as Bank of America’s CFO of global wealth and investment management and principal investing divisions, he was CFO of card services and ecommerce, as well as senior vice president, strategy and financial planning.
GoldenTree Asset Management announced that Tom Humphrey has joined the firm as a partner and member of the executive committee.
Mr. Humphrey will work closely with partners and executive committee members Frank Jordan and Leon Wagner on issues related to firm strategy, client franchise development and the continued expansion of GoldenTree. He will report to GoldenTree’s president, Robert Matza.
Mr. Humphrey joins GoldenTree following a 24-year career at Lehman Brothers / Barclays Capital where he played a leading role in the integration of the two firms following Barclays’ acquisition of Lehman’s North American operations in 2008. At Barclays he most recently served as managing director, head of fixed income distribution Americas, as well as head of global commodities sales. He was also a member of the Americas management committee. -Business Wire
Hirtle, Callaghan has named Jamie R. Johnson as director of private equity.
Johnson brings more than two decades of private equity experience to his new position, including nine years managing investment portfolios for leading industrial families in Europe. Johnson most recently served as a managing director of Paul Capital Investments. -Business Wire
Phoenix Realty Group announced the appointment of Edward J. Ratinoff as managing director, national acquisitions.
Ratinoff will oversee the firm’s acquisitions teams focused on two private equity real estate funds currently in their commitment periods in New York City and Los Angeles, targeting investments in urban residential and commercial properties in the greater Los Angeles and New York metropolitan areas. -Business Wire
Advent International announced that Robert D. Brown has joined the firm as a managing director and global head of limited partner Services.
Mr. Brown is responsible for Advent’s fundraising and investor relations activities worldwide.
Prior to Advent, Mr. Brown was a managing director at The Carlyle Group focusing on North American fundraising and investor relations. -PR Newswire
Northern Trust announced that David McPhillips has been named director of consultant relations for the corporate & institutional services business unit in North America.
In this role, McPhillips will work closely with client service, sales, product development and operations teams to manage the asset servicing unit’s interaction with North American consultants.
McPhillips comes to the consultant relations position from the transition management team at Northern Trust Global Investments. He is based in Chicago and reports to Jon Dunham, director of North America asset servicing sales.
McPhillips has more than a dozen years of experience in financial services, most recently as a transition management strategist. He began his career at Northern Trust as a regional manager for the investment management liaison group. -PR Newswire
DWS Investments announced the appointment of Scott Brooks as a director responsible for third party insurance national accounts.
Brooks will be responsible for managing client relationships with insurance companies and sub-advised mutual fund firms. He will be based in New York reporting to Michael Woods, a managing director and US head of distribution for DWS Investments Distributors.
Brooks has over 20 years of investment management distribution experience spanning both the retail and institutional markets with a focus on the defined contribution marketplace. He joins DWS Investments from JPMorgan Asset Management where, as a vice president, he helped the funds management and global real asset divisions build their defined contribution, investment-only (DCIO) distribution platforms. Prior to JPMorgan, he served as a director and led the DCIO business for Managers Investment Group. He also spent more than 16 years at OppenheimerFunds where he founded and led the firm’s DCIO business team. -Business Wire
New Enterprise Associates announced that technology industry veteran Ron Bernal has joined the firm as a venture partner.
In this new role, Mr. Bernal, a former entrepreneur-in-residence with NEA, will work closely with the firm’s enterprise infrastructure and services, electronics and energy technology teams.
Mr. Bernal has spent nearly eight years in the venture capital industry and, through previous affiliations, is currently a director of four companies in NEA’s portfolio: Boulder Wind Power, Data Robotics, HelioVolt and ProStor. He was most recently a partner at Sequel Venture Partners where he focused on cleantech, enterprise infrastructure and enterprise software investments. While at Sequel he led the firm’s investment in HelioVolt and serves on that board. Mr. Bernal was previously a venture partner at Sutter Hill Ventures, where he led investments in Data Robotics and ProStor and continues to represent the firm on those boards. He also led the firm’s investment in and served on the board of Data Domain, an NEA-incubated data deduplication company acquired by EMC in 2009. -PR Newswire
Blue Marble Media announced that Jin Kyung Yang has been appointed as president and a director of the company, replacing Sung Wook Chung. -SEC Filing
The Lightstone Group announced that Jesse Axtell has joined the company as vice president and Northwest regional director.
Axtell’s career includes successful stints as a financial advisor with Morgan Stanley Dean Witter; an internal wholesaler with MetLife, where he was promoted to regional vice president; and with KBS Capital Markets as their Northwest representative. -PR Newswire
Louis P. Abel joined First Foundation Advisors as a managing director.
Abel is part of a team that will open a new full banking and advisory office for First Foundation in Pasadena.
Prior to joining FFA, Abel was a senior vice president and senior portfolio manager with U.S. Trust in Los Angeles, Calif. His responsibilities included managing portfolios on behalf of family offices, high net worth clients, foundations and endowments, and corporate pension and profit sharing plans. His prior experience includes serving as a vice president and senior portfolio manager for Wells Fargo Private Asset Management in Beverly Hills, where he managed private client accounts for high net worth individuals, family offices, and foundations. He was a senior portfolio manager with Husic Capital Management in San Francisco, managing both institutional accounts and private client accounts. In addition, for more than 10 years, he was a portfolio manager and analyst with Engemann Asset Management in Pasadena, California, where he spearheaded the development of the firm’s international investment strategy and managed global mutual funds and private client accounts and was responsible for all of the firm’s international investments. He also served as a portfolio manager for the firm’s small- and mid-cap investment strategies and was also a member of Engemann’s large-cap investment team with research responsibility for the consumer staples sector. -Market Wire
Constellation Wealth Advisors announced that Steve Bono has joined the firm as principal.
Bono will be responsible for ultra high net worth business development and based in the Menlo Park office.
Bono was a principal with ThinkEquity Partners in San Francisco before joining Constellation. Prior to ThinkEquity he was a vice president of market development with Bank of America Private Bank. -Business Wire
Empire Investment announced that Paul H. Miller has been appointed senior vice president, mergers and acquisitions.
Miller joins the company with responsibility for leading business development and the investment activities for the firm, which includes: origination, investment valuations and structuring, investment diligence execution and investment strategy. His immediate focus is on the continued expansion of Empire’s diverse portfolio of companies.
Miller has more than 15 years of investment banking, business development, mergers and acquisitions and operational experience. He has held executive positions with The Marshall Fund, Communications Equity Associates, TUFF TV, CIBC World Markets and Oppenheimer. -Business Wire
Cowen Group announced that Declan Quirke has been promoted to head of health care investment banking, succeeding Peter Reikes, who has been promoted to vice chairman. Both Mr. Quirke and Mr. Reikes will continue to be based in New York.
Mr Quirke joined Cowen in 2001 and most recently was a managing director and head of life sciences. -PR Newswire
John Hancock Funds added Gary Bieda to its institutional sales team as a managing director.
Previously, Bieda was a principal at Robeco Investment Management where he directed the U.S. intermediary distribution business for the asset management firm.
INTECH Investment Management announced the hiring of Stephen F. Brennan to the newly created position of senior managing director.
Mr. Brennan will be a member of INTECH’s leadership team. In this role, his responsibilities will be broad-based. He will work with existing client and consultant service teams to expand and further develop key INTECH relationships. He will report to Jennifer Young, president and co-chief executive officer.
Prior to joining INTECH, Mr. Brennan was vice president, marketing at Research Affiliates based in Newport Beach, Calif., where he was responsible for the firm’s sales activities focusing on institutional clients in the U.S. Prior to joining Research Affiliates, he was a director of marketing at Fox Eaton Vance with responsibility for marketing to institutional accounts, including public funds, Taft-Hartley, corporate funds and endowments. -Business Wire
Prisma Capital Partners announced the appointment of Anthony Pennetti as managing director and member of its marketing and client management team.
In his new role, Mr. Pennetti will focus on marketing Prisma’s fund offerings globally to platform distribution channels with broker/dealers private banks and other institutional investment companies.
Prior to joining Prisma, Mr. Pennetti was managing director of client solutions at Meridian Capital Partners where he led its U.S. and European distribution business. -Business Wire
Priority Capital Group announced today that it has expanded its wholesale marketing team to include six recently hired regional vice presidents.
Kevne Sharpe, Jennifer Middaugh, Larry Bridwell, Gary Callahan, Roderick Curtis and William Mechling will work closely with independent FINRA-based broker dealers in their respective regions to provide dedicated wholesaling, marketing, service and support while raising capital through Priority Capital Group.
Sharpe, 53, is responsible for the Southwest. She spent 17 years as a personal financial planner before transitioning to securities wholesaling. She helped launch and grow multiple offerings while representing CNL Securities and United Development Funding.
Middaugh, 38, responsible for the Southeast, continues a career dedicated to real estate investment and financing strategies. Previously, she held executive positions with United Development Funding and CNL, a real estate investment and development company.
Bridwell, 38, responsible for the South Central region, continues a 14-year financial services career that includes 11 years as a regional marketing director at Lincoln Financial. There, he was instrumental in several new product launches, and he captured a Midwest market share.
Callahan, 47, is responsible for the Northeast region. He brings 17 years of securities wholesaling experience covering a broad spectrum including mutual funds, variable annuities and non-traded REITs with firms that include Transamerica, Lincoln Financial and Dreyfus.
Curtis, 42, who is responsible for the Midwest, draws on over 15 years of sales and management experience in financial services. Previously, he served as the vice president of the Midwest Region for NetREIT. He has also held positions with AmREIT and Deutsche Bank-Scudder Investments.
Mechling, 48, responsible for the Northwest, has focused his 16-year investment career on identifying individual advisors’ needs and delivering customized solutions. Previously, he was affiliated with INVESCO, American Express, RiverSource and Lincoln Financial.
FrontPoint Partners announced that it has added a new investment team, led by Stephen Czech, to its platform to manage a direct lending strategy dedicated to originating and investing in secured loans to small and mid-sized businesses primarily in the United States.
Caech will be joined at FrontPoint Partners by Mark Newlun, Sze Ling Wan and Paul Ahrens. The team will be based in FrontPoint’s Greenwich, Connecticut office.
Czech has over 21 years of leveraged lending and corporate finance experience and was the founder and portfolio manager of Contrarian Capital Finance, a middle market-focused direct lending strategy, where he built the investment team and executed the strategy for four and a half years. He was most recently a managing director and portfolio manager at Gottex Fund Management Holdings. Prior to founding Contrarian Capital finance, he was head of the mezzanine finance group at Credit Suisse, before which he was a senior member of the leveraged finance group at Donaldson, Lufkin & Jenrette. -Wireless News
Janus Capital Group announced the addition of Riley Horlacher and Matthew Shortal to its advisor solutions group.
As a vice president and sales director with the company, both Horlacher and Shortal are responsible for working with existing clients and identifying new business opportunities in the financial intermediary sales channel.
Horlacher, who is based in Dallas, covers the northern Texas region of the U.S. He reports to Eric Hargens, divisional vice president of the advisor solutions group.
Horlacher comes to the company from Highland Capital Management, where he was a director of distribution covering the western U.S.
Shortal, who is based in San Francisco, covers the northern California region of the U.S. He reports to executive director of private wealth and trust Keith Watts.
Prior to joining the company, Shortal was a financial advisor with Barclays. -Business Wire
Neuberger Berman Closed-End Intermediate Municipal Funds announced that S. Blake Miller has been appointed co-portfolio manager for the Neuberger Berman California Intermediate Municipal Fund, the Neuberger Berman Intermediate Municipal Fund, and the Neuberger Berman New York Intermediate Municipal Fund, and has assumed joint day-to-day management responsibility for the funds.
Mr. Miller, a senior vice president of Neuberger Berman Management and Neuberger Berman, has more than 23 years of industry experience in the area of municipal fixed income securities. -Business Wire
Adam Clemens and Greg Garrett have joined Portfolio Advisors as managing directors.
Clemens previously was co-founder and president of New York Life Capital Partners.
Garrett was a partner with Adams Street Partners. -Company Website
Split Rock Partners announced that Matt Coffin has joined the firm as a venture advisor.
As a venture advisor, Mr. Coffin will be identifying and evaluating new opportunities as well as working with the Split Rock team on its existing investments.
Mr. Coffin was the founder and CEO of LowerMyBills and built the company into a leading internet marketing services company.
Barclays Wealth announced that it has hired Preston McSwain as a managing director and investment representative in the Boston office.
In this position, Mr. McSwain will act as an advisor to high net worth clients coordinating integrated wealth plans, and is responsible for many of the firm’s largest relationships in New England. He reports to Marty Courage, managing director, Boston branch manager and New England regional manager.
Mr. McSwain brings more than 20 years experience in the private asset management and institutional investment management field to his new role. He joined Barclays Wealth with a four-person team. -PR Newswire
Fiduciary Trust announced that Stephanie Birrell Luedke has been promoted to executive vice president – investment management.
In her expanded role, Birrell Luedke will continue in the development of the firm’s investment policy and strategy and also be responsible for ensuring that the portfolio managers have the tools and support necessary to allow them to focus on investment management and deliver strong results for clients.
In addition, Larry A. Sternkopf, chief financial officer, has been named chief administrative officer.
Sternkopf will continue to oversee banking, treasury and finance. He also assumes responsibility for the tax department. -Market Wire
John F. Herlihy has been named managing director, broker/dealer relations, for BNY Mellon Asset Management.
In his new role, Herlihy will provide a global perspective across the individual investment boutiques’ relationships with broker/dealers, focusing on driving higher levels of efficiency and effectiveness in service, execution and risk management. Additionally, he will provide a single point of contact for broker/dealers as the business develops strategic initiatives going forward.
Herlihy reports to Scott E. Wennerholm, chief operating officer of BNY Mellon Asset Management. -PR Newswire
Wellington Investment Management is appointing former Merrill Lynch colleague Edmond Moriarty to its leadership team.
Moriarty will be responsible for all operations across the investment business.
Moriarty previously spent more than 20 years at Merrill, and in 2007 was named Merrill’s co-chief risk officer. When Bank of America acquired Merrill last year he was named a senior risk executive at the new firm.
The company has also hired Jeffrey Shames, the former chief executive and chairman of MFS Investment Management.
Shames will responsible for all strategy related to Morgan Stanley Investment Management, across investment management, client service and marketing. -American Banker
The Citigroup Private Bank announced that Susanne Alexandor will join as director and private banker. She will be based in Toronto and report to Robert McGuire, Canada regional executive for Citi Private Bank.
Most recently, Ms. Alexandor was senior portfolio manager and investment strategist with UBS in Toronto. Prior to UBS, she spent several years in economic research and institutional asset management with Deutsche Bank. -Canada News Wire
Private National Mortgage Acceptance announced that Vandad Fartaj has been appointed as chief capital markets officer of the company and its PNMAC Capital Management.
Mr. Fartaj has also been appointed as chief investment officer of PennyMac Mortgage Investment Trust, where he will be responsible for all capital markets activities, including asset valuation, trading, hedging and research.
Mr. Fartaj has substantial experience in mortgage banking, including whole loan trading and managing interest rate and credit risk. He has served as managing director, capital markets at PNMAC and PCM since April 2008. Prior to joining PNMAC, from November 1999 to April 2008, he held a number of positions at Countrywide Securities. -SEC Form 8k
Priority Capital Group announced that Charles Bohovich, 43, has joined the firm as chief compliance officer and vice president of operations.
In this capacity, Bohovich will be responsible for overseeing all compliance aspects of the firm, including regulatory oversight, registration, continuing education and sales force training. In addition, as VP of operations, he oversees the setup and ongoing relationship with the firm’s transfer agent, DST Systems.
Bohovich brings 19 years of progressively responsible experience with UBS International. Most recently, as branch operating officer of the company’s Houston office, he was responsible for the day-to-day management of the Houston and San Antonio UBS International Complex, which has a staff of 27 professionals and managers. During his seven-year tenure in Houston, he was a key member of the management team that led the branch in growth of revenue. He also was instrumental in the establishment of two satellite locations. Previously, as administrative manager with UBS in Miami, he helped oversee the transition from PaineWebber to UBS and a restructuring of the office to UBS International and UBS Financial Services.
Eaton Vance announced that Thomas M. Metzold has been named co-director of municipal investments for the company’s management in Boston, replacing Robert B. MacIntosh. He joins Cynthia J. Clemson, who has been co-director of municipal investments since November 2005.
Metzold and Clemson are responsible for overseeing investment management, research, trading and administration for the municipal bond group. They report to Payson Swaffield, chief income investment officer of Eaton Vance management. -PR Newswire
BlackRock Advisors announced that Kathleen Anderson, managing director and portfolio manager, has been appointed as associate portfolio manager for the equity dividend fund and also as lead portfolio manager for the BlackRock Utilities and Telecommunications Fund, both registered open-end funds. -Datamonitor NewsWire
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