Retirement Industry People Moves

Janus Henderson Investors Hires Global Head of Fixed Income

Jim Cielinski has joined Janus Henderson Investors as the firm’s new global head of Fixed Income. Based in the firm’s London Headquarters, Cielinski will join the firm on November 1.

Cielinski brings more than 30 years of investment management experience to the firm. He most recently held the same position for Columbia Threadneedle Investments, where he oversaw more than 165 investment professionals and $190 billion in fixed income assets under management.

Prior to joining Columbia Threadneedle in 2010, Cielinski spent 12 years at Goldman Sachs Asset Management as managing director and head of Credit, where he managed the credit exposures across all investment grade portfolios. He’s also served as head of Fixed Income for the Utah Retirement Systems, assistant manager of Taxable Fixed Income for Brown Brothers Harriman & Co, and equity portfolio manager for First Security Investment Management.

“Jim brings a wealth of experience managing fixed income investment teams and I am excited to work alongside such an accomplished investment professional,” says Enrique Chang, Janus Henderson global Chief Investment Officer.

NEXT : FS Investments Expands Real Estate Investment Efforts

FS Investments Expands Real Estate Investment Efforts

Alternative asset manager FS Investments is pushing deeper into the real estate investment space with the launch of FS Credit Real Estate Income Trust, the firm’s first real-estate investment trust (REIT). FS Investments has also hired Rob Lawrence to spearhead the firm’s entire real estate efforts.

As managing director and global head of Real Estate, Lawrence will oversee the firm's real estate initiatives and help manage FS Credit REIT in partnership with its sub-adviser, Rialto Capital Management.

He brings more than 25 years of commercial real estate investment experience to his new role. Previously, he served as executive managing director at Singer & Bassuk, a boutique real estate finance firm; and senior managing director at Guggenheim Commercial Real Estate Finance, where he managed the origination platform for commercial mortgage-backed securities (CMBS) and affiliated life companies. Lawrence earned a bachelor’s degree in business administration from the University of Vermont and a master’s degree in real estate investment and development from the Schack Institute of Real Estate at New York University.

FS Credit REIT is a publicly registered, non-listed REIT that originates, acquires and manages a portfolio of senior loans secured by commercial real estate primarily in the United States. The daily NAV REIT focuses primarily on floating-rate mortgage loans that are secured by first priority mortgages on transitional commercial real estate properties, and has already closed on initial investments totaling more than $43 million.

D&G Joins CAPTRUST

Virginia-based registered investment adviser (RIA) Davidson & Garrard (D&G) has joined the  adviser team of CAPTRUST, an independent wealth management and institutional investment advisory firm. The organization now operates in 35 offices nationwide and oversees more than $244 billion of client assets.

D&G is an independent, fee-only RIA that focuses on customized investment advisory services for individuals, families, endowments, nonprofits, institutions, and retirement plans. Principals Bill Paxton, Dave Hansen, Jack Flippin and Steve Crank will remain with the firm under the newly adopted CAPTRUST brand.

"Since the beginning, D&G has been committed to taking great care of our individual and institutional clients and, in so doing, have built enduring relationships," says Davidson & Garrard Principal Bill Paxton. "Joining the CAPTRUST team is an exciting step for us. CAPTRUST shares our values and investment philosophy, has wonderful people, and will allow us to stay at the forefront of investment resources and technology. CAPTRUST already has a strong presence in Virginia through its retirement plan services business, and we are delighted to join the family."

CAPTRUST CEO, J. Fielding Miller adds, "The firms that join our team often have varying areas of expertise and goals for future growth, but what they all have in common is a deeply rooted culture anchored in doing well by their clients. Davidson & Garrard is no exception. We are extremely proud and honored to welcome them as colleagues."

Franklin Templeton Hires ETF Portfolio VP

Louis Hsu has joined Franklin Templeton as the firm’s vice president, ETF portfolio manager. Hsu will assist Dina Ting, vice president, senior portfolio manager for Global ETFs, in managing certain Franklin LibertyShares ETFs.

With more than 10 years of investment experience, Hsu joins Franklin Templeton from BlackRock where he spent the past six years as vice president in the Beta Strategies and Multi-Asset Strategies in San Francisco, Hong Kong and Taiwan. He was also responsible for managing various indexed and smart beta portfolios in addition to being involved in multiple fund launches. Hsu holds a master’s degree in finance and a bachelor’s degree in mechanical engineering from Washington University. He is a CFA, CAIA and FRM charterholder.

T. Rowe Price Retirement Plan Services Expands Sales Team

Chris McCarthy has joined the sales team at T. Rowe Price Retirement Plan Services. He will focus on mid- and large-market retirement plan sales in the Northeast region.

McCarthy joins T. Rowe Price from Voya Financial, where he served as the East Coast account executive responsible for large-market clients. He’s also worked for Financial Engines, Charles Schwab and Fidelity.

T. Rowe Price also announces that Bryan McCain has joined the RPS territory sales team as senior retirement sales executive, responsible for the sale of T. Rowe Price small market recordkeeping solutions. His territory includes Tennessee, Alabama, and Mississippi. McCain has more than 15 years of experience in defined contribution (DC) sales. He most recently worked in a sales role with Mutual of Omaha. He spent a large portion of his career with Voya Financial.

“Both Chris and Bryan bring proven skills and expertise to our growing recordkeeping business,” says Lee Stevens, head of large and mega market retirement plan sales. “We welcome them to the team and look forward to the contributions they will have on our sales efforts across the country.”

Carson Group Members Undergo Rebranding

Carson Group, a conglomerate of companies serving advisers and investors, has announced two rebranding initiatives under its umbrella of organizations.

Carson Group Coaching will replace the title for Peak Advisor Alliance, and Carson Group Partners will rebrand from Carson Institutional Alliance.

“I can’t think of a more exciting time in our 34-year history, both because of the evolution we’ve undergone to redefine our offering and the opportunity that lies ahead to help advisers grow,” says Ron Carson, founder and CEO of Carson Group. “We want to own the space to be the most trusted for financial advice, and our recent reorganization brings us a step closer to making that dream a reality. When you boil it down, we’re on the eve of a movement to make the complex simple for the advisers we serve and, by extension, their clients.

DWC - The 401k Experts to Merge with Hawkins Retirement

DWC - The 401k Experts, an organization providing 401(k) plan compliance, defined benefit (DB), and consulting services is uniting with Hawkins Retirement, a Utah-based firm that provides the same services, under the DWC brand.

Hawkins Retirement executive Lori Reay will be joining DWC as a partner. Reay, a former recipient of the American Institute of CPAs Women to Watch Emerging Leaders Award, brings more than 16 years of experience as a partner at Hawkins Retirement to her new role.

"After talking to Lori about the similarities in our companies' philosophies and dedication to premium service, I knew that this merger would be a step forward for both companies," says Keith Clark, partner and co-founder of DWC. "The merger is a huge opportunity for Hawkins Retirement and DWC to come together as a unified company to better serve our network, ensuring continuity and the excellence Hawkins Retirement's existing clients are accustomed to."

Reay adds, "Hawkins Retirement is known for its service and results, uniting with DWC will strengthen our business models and allow us to deliver even greater results. The best news is clients will see no disruption in services as our service model and infrastructure are similar."