Deals & People August 2, 2012

BNY Mellon Hires Cronin as SVP

Dan Cronin was named senior vice president in BNY Mellon Investment Management, responsible for business development in the registered investment adviser (RIA) channel.
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Cronin, whose career has been spent helping RIAs find solutions to their evolving needs across custody, brokerage and investments, joins the firm from RBC Advisor Services, where he was a senior vice president responsible for business development for RBC’s full-service custody and brokerage offerings to RIAs. He has 25 years’ experience in financial services sales.

According to Robert Capone, executive vice president of strategic business development, Cronin’s focus will be increasing the market share of BNY Mellon Investment Management strategies and Dreyfus funds at the firm’s largest RIA clients.

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Cronin will work closely with BNY Mellon’s investment boutiques and other businesses across the company to identify opportunities, and provide tailored consultations to clients, Capone added.

Cronin will report to David DiPetrillo, who heads the RIA division.

Before joining RBC, Cronin was a regional vice president for Fidelity Investments Institutional Wealth Services, where he managed a team responsible for custody and institutional brokerage sales to asset managers. Previously, he was a vice president of sales at Fidelity Investments Registered Investment Advisor Group, where he sold custody and institutional brokerage services to fee-based RIAs with assets under management between $50 million and $5 billion.

Earlier in his career, Cronin held roles at Fidelity and Schwab, where he sold a range of products (including custody, mutual funds and asset-allocation services) to RIAs as well as high-net-worth investors. Cronin holds a bachelor’s degree in economics from the University of Massachusetts, as well as the Series 7, 9, 10, and 63 Financial Industry Regulatory Authority (FINRA) licenses.

 

 

Deals & People August 2, 2012

Towers Watson Adds Solutions and Business Development Director

Towers Watson hired Doug Vander Linde to serve as director of solutions and business development, Americas.  
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Vander Linde will focus on business development initiatives throughout the Americas and will collaborate with Towers Watson’s investment team in Europe, the Middle East and Africa on developing new investment solutions for clients and prospects. He will be based in Towers Watson’s Chicago office.

Vander Linde brings 25 years of experience in business growth, marketing and product development in investments for defined benefit (DB) and defined contribution (DC) retirement plans.

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“We are very pleased to have someone with Doug’s extensive experience, proven track record and strong business development skills join our investment team,” said Christopher DeMeo, Towers Watson’s head of investment, Americas. “His addition comes at a time when plan sponsors are facing a variety of retirement plan investment challenges and underscores our ongoing commitment to providing clients with innovative solutions. We look forward to his many contributions in the future.”

Before joining Towers Watson, Vander Linde was head of business development for Mercer, where he was responsible for revenue generation and investment solutions for all institutional retirement markets. While at Mercer, he also had roles as business leader for retirement solutions and Midwest director of investment consulting. He has also held the positions of institutional sales manager for Northern Trust Global Investments and senior vice president at Putnam Investments.

Vander Linde earned his bachelor’s in business/economics from Calvin College and his master’s in business administration in finance from Keller Graduate School of Management.

 

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