T. Rowe CIO to RetireBrian C. Rogers, T. Rowe Price chairman and chief investment officer
(CIO) will retire from his post on March 31, 2017, according to the firm’s board of directors. Rogers has been with the company for nearly 35 years and he
assumed his current role in 2004. Following his retirement, Rogers will remain
on the board of directors and serve as the non-executive chair.
Anne Marie
Whittemore, lead independent director, observes that Rogers “has been responsible for helping the
firm navigate multiple market cycles,
including the global financial crisis, and for guiding the board’s commitment
to diversity.”
T. Rowe Price has
also appointed six senior investment leaders. Rob Sharps will be Group CIO,
with responsibility for coordinating the activities of the team; Henry Ellenbogen
will be CIO, U.S. Equity Growth; David Giroux will be CIO, U.S. Equity Multi-Discipline; John Linehan will be CIO, U.S. Equity Value; Justin Thomson
will be CIO, International Equity; and Mark Vaselkiv will be CIO,
Fixed Income.
The team will
share CIO responsibilities, which include providing investment thought
leadership, partnering with investment division leaders to develop investment
talent and capabilities, and serving as mentors for the firm’s investment
professionals.
NEXT: Voya Hires VP of ESG
Voya Hires VP of ESGVoya Investment Management has appointed Drew Schechtman as vice president and Environment, Social and Governance (ESG) integration leader. He will be
tasked with integrating ESG investment disciplines across the firm’s four
investment platforms comprising equities, fixed income, loans and multi-asset.
Working
with the Voya Financial Office of Corporate Responsibility, he will serve as a lead
advocate for ESG internally and externally—including developing an ESG
education platform for investors.
Mark Weber, senior managing
director and head of Structured Assets, Loans and Alternatives business, says, "We believe
environmental, social and governance factors are important in understanding the
risks and opportunities of our investment decisions across asset classes. We
embarked on an ESG-integration program last year and are delighted to have Drew
help join us to lead that effort."
Schechtman
brings more than a decade of experience to this role. Prior to joining
Voya, he was vice president and head of Sustainability and Environmental
Investing at BNY Mellon. There he was responsible for leading the development
and implementation of the firm’s sustainable finance solutions across various
business lines. Prior to that, he was a senior sustainability consultant at
Viridian Energy + Environmental.
"Our
chief investment officers are committed to integrating ESG considerations into
their investment processes, and they believe that Drew's experience in ESG
integration across multiple investment teams will help us accelerate our
progress," says Weber.
NEXT: Morningstar
Appoints Two New Leaders in Tech
Morningstar Appoints Two New
Leaders in TechMorningstar has appointed Mitch Shue to the position of chief technology officer and James Rhodes to the role of chief data officer.
As
chief technology officer, Shue is responsible for Morningstar's long-term
technology vision and execution. He joined Morningstar in 2014 through the
company's acquisition of HelloWallet, where he served as chief technology
officer. Prior to HelloWallet, Shue was vice president of engineering at
Centrifuge Systems. He was responsible for developing interactive data
visualization solutions. He previously led the graphic design, engineering, and
data center teams at webs.com and served as vice president of product
development at webMethods.
Rhodes
oversees data operations at Morningstar, focusing on the company's data
technology strategy including data collection, processing, and storage. He
previously served as chief technology officer and partner at Rocaton Investment
Advisors, where he drove the company's technical vision and oversaw the
software engineering team. Rhodes also spent 13 years at IBM Research, where he
led the financial modeling research efforts of IBM's Global Services business
units.
"Mitch's
and James' appointments to Morningstar's leadership team help strengthen our
commitment to technology, one of our core competencies," says Morningstar President Kunal Kapoor. "Their
expertise will prove invaluable as global demand for our independent research
and data continues to increase in light of evolving regulations and industry
standards. We're committed to continuous technological innovation to best help
investors reach their financial goals."
NEXT: Great
Lakes Advisors Hires Managing Director
Great Lakes Advisors Hires
Managing DirectorJoe Wright has joined Great Lakes Advisors as the firm’s managing director and head of
consultant relations. He will be responsible for building and developing
relationships with the institutional consultant community.
“We’re
proud of what we’ve accomplished at Great Lakes, in terms of firm growth and expanding
our capabilities,” says CEO Tom Kiley.
“Bringing on an experienced leader like Joe will allow us to focus our
institutional business around our effective partnerships with consultants.”
Great
Lakes Advisors manages fundamental equities and fixed income from its Chicago
office, and disciplined equities from its Safety Harbor, Florida, office.
Recently, the firm has added expertise in environmental, social and governance
investing and socially responsible investing.
NEXT: USI Insurance Purchases Atlanta
Insurance Brokerage Firm
USI Insurance Purchases Atlanta Insurance Brokerage FirmUSI Insurance Services (USI) announced it has
completed its purchase of Johnson & Bryan. The purchase of the retail property-casualty and employee benefits insurance brokerage firm expands USI’s business into Atlanta,
Georgia.
USI says it looks forward to leveraging Johnson & Bryan’s
customer-centric culture and reputation for delivering quality risk management
services via the USI ONE Advantage platform.
Robert C. Wynne, president of Johnson & Bryan, predicts that joining forces with USI will improve coordinated insurance solutions and deliver powerful new analytics through USI’s Omni Knowledge Engine.
USI is a national insurance-brokerage and consulting firm,
delivering property and casualty, employee benefits, personal risk and
retirement solutions throughout the United States. Headquartered in Valhalla,
New York, USI has reports more than $1.0 billion in revenue.
NEXT: Voya Appoints Employment Benefits President
Standard Life Investments Appoints New DirectorStandard Life Investments, a global investment manager, has appointed Jim Sia as its director of sub-advisory and defined contribution (DC) business. He will
lead the firm’s efforts in these two spaces throughout North America and will
report to Eric Roberts, head of U.S. business development.
“We
are delighted to welcome Jim to our team and his experience and knowledge will
be a valuable resource as we expand and diversify our client base,” says Eric Roberts, head of U.S. business development. “This newly created role is an important component of
Standard Life Investments’ commitment to offering clients a diverse range of
investment solutions.”
Sia
has more than 25 years of experience in investment management most of which has
been spent in the DC space. He’s worked for GMO and Wellington Management
Company. In addition to his defined contribution role at GMO, he also led the
strategy development and relationship management for sub-advisory business. He is
a founding member and immediate past chair of the Defined Contribution
Institutional Investment Association (DCIIA), a national organization dedicated
to improving retirement outcomes in the US.
NEXT: New CEO Joins QMA
New
CEO Joins QMAAndrew
Dyson has been appointed as the new chief executive officer of QMA,
effective April 2017. Dyson will be tasked with overseeing QMA’s investment
organization as well as its distribution and management functions.
In his most recent role, Dyson served
as vice president and head of global distribution for Affiliated Managers
Group, where he worked in partnership with the company’s affiliated boutique
investment managers on their distribution efforts. Previously, he served as
head of BlackRock’s global institutional client business and held senior roles
at Merrill Lynch Investment Managers and Mercer Investment Consulting.
Dyson will report to David Hunt, PGIM’s president and chief
executive officer. He will assume his new role from
Scott Hayward, who is leaving the company after more than a decade of service
to pursue new endeavors. Hayward will remain at QMA through the rest of 2016
working with senior leadership to help with the transition.
Founded in 1975, QMA manages portfolios
for a worldwide institutional client base, including corporate and public
pension plans, endowments and foundations, multi-employer pension plans, and
sub-advisory accounts for other financial services companies.