The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, October 12, 2017|
Follow the Fundsters - October 12, 2017
Company: LM Capital Group
Hires: Peter Capotosto, Cheyrl King, and Deborah Watkins
On Tuesday John Chalker, managing director and co-founder of LM, confirmed that Capotosto, King, and Watkins are all joining the San Diego-based firm. Watkins now serves as economist at LM, King as senior vice president of business development, and Capotosto as vice president of business development.
Company: Mairs & Power
Retiring: Bert McKasy
Last week the Saint Paul, Minnesota-based shop confirmed that on December 31 Bert McKasy will retire (thanks to a mandatory retirement age of 75) as chair of the fund board of trustees and that on January 1 audit committee chair Mary Schmid Daughterty will become chair of the fund board. Also on January 1, Susan Knight and Mark Henneman will join the fund board.
Company: State Street Global Advisors (SSgA)
Promoted: Michael Stevens
Last week Nick Good, co-head of the global SPDR business at SSgA, confirmed a sales realignment that puts Stevens in charge of US SPDR intermediary sales.
Trade Group: the Investment Company Institute (ICI)
Reelected: Ted Truscott
Last week ICI president and CEO Paul Schott Stevens confirmed that ICI's board reelected Truscott, CEO of Columbia Threadneedle, as chairman of the ICI. The board extended Truscott's tenure by another year. Immediate past chairman Bill McNabb (also chairman and outgoing CEO for Vanguard) will also stay on for a year as vice chairman.
Company: Pageant Media
Awards: Mutual Fund Service & Technology Awards
Last week Pageant Media's Fund Intelligence team hosted their 2017 Mutual Fund Service and Technology Awards. The winners are: Align Communications (best cybersecurity service provider); BNY Mellon (best new product overall); Broadridge (best technology provider overall, and best PMS); CBOE Exchange (best overall exchange); Citi Fund Services (best EMS); Confluence (best data management solution); Envision Financial Systems (best clearing and settlement technology); Eversheds Sutherland (best law firm - fund star ups); EY (best advisory firm for regulation); Eze Software (best trading technology client services, and best OMS); Fidelity (best broker-dealer client services); FlexTrade (best cross-asset trading solution); John Hancock Financial Services (best transfer agent and shareholder services); K&L Gates (best law firm, and best law firm - SEC regulatory); Northern Trust (best custody services); Prosek (best communications and PR firm); PwC (best accounting and audit services); Putnam (best mobile application); RapidRatings (best risk management solution — innovation); Seismic (best cloud solution); State Street (best administrator for technology and reporting); U.S. Bancorp Fund Services (best fund administrator overall, best administrator over $100 billion, and best fund distributor); Ultimus Fund Solutions (best administrator under $100 billion); UMB Fund Services (best tax advisory); and Wolverine Execution Services (best broker-dealer overall).
Company: Artisan Partners Asset Management
Hired: Thomas A. Reynolds IV
Last week Eric Colson, president and CEO of Artisan, confirmed that Tom Reynolds joined Artisan as a U.S. value equity PM. Meanwhile, a current U.S. value team PM, George Sertl, stepped down as a value equity PM and plans to retire from the firm.
Promoted: Mike Durbin
Last week Fidelity chairman and CEO Abby Johnson, confirmed the promotion of Durbin, previously head of the product and platform technology group at Fidelity Institutional, to president of all of Fidelity Institutional. Durbin succeeds Jeff Lagarce, who will become a senior advisor.
Company: Advisors Asset Management (AAM)
Hired: Daniel Courtney
Last week John Radtke, managing director and executive vice president — head of capital markets at AAM, confirmed the hiring of Courtney as managing director, head of national account management for AAM's capital markets group.
Company: Crossmark Global Investments
Hired: Ariana Harris, Brian Perkes, and Zachary Shaw
Last week David Rentfrow, managing director and head of distribution at Crossmark, confirmed the recent additions to his distribution team as regional directors. Harris now covers the Southeast, Perkes the south part of Texas, and Shaw the western part of the U.S.
Promoted: Todd Moyer
Last week Mark Evans, CEO of Confluence, confirmed that Moyer has been promoted to chief operating officer.
Company: Drinker Biddle & Reath
Hired: Joshua Yang
Yang recently joined the law firm's Chicago office as a partner in its investment management practice.
Check back as we keep an eye on people moves in the future and see our previous Follow the Fundsters (previously known as People on the Move) column here. For the latest SEC filings, fund launches, and data, explore our Filings For Fundsters (formerly Stork and Reaper), New Fund Fuss, and AUM Update columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at firstname.lastname@example.org.
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