401k Round Up is a weekly column aimed at keeping mutual fund industry insiders updated on what's happening in the 401(k) industry. Below are quick takes on stories that originally appeared on
The MFWire's sister publication, The 401kWire
Two Columbia Management
investment-only professionals didn't make the move to Ameriprise
and instead headed
to John Hancock Funds
for a pair of DC I-O sales jobs.
and Jerry DuKatz
joined Hancock's institutional business as managing director of defined contribution investment only sales relations and assistance vice president for platform relationships, respectively.
At Columbia, Shea acted as director and national sales manager for the investment only group. DuKatz left the firm as a director of national accounts.
* * *
While John Hancock added to its I-O, Goldman Sachs revealed
that it was planning to follow suit. Bill McDermott, the new head of the GSAM defined contribution business, told BusinessWeek
that he was growing his 20 member DC I-O unit by 10.
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