Deals & People June 22, 2012

The Newport Group Adds Senior Client Relationship Manager

The Newport Group hired Eric Kleindienst as a senior client relationship manager.

 

Reported by

Kleindienst will serve as the primary client service and relationship management connection between Newport and a select group of retirement plan sponsors. He will be responsible for coordinating the efforts of the firm’s administration, operations, and communications groups.

Kleindienst will also work closely with sponsors to ensure they satisfy reporting requirements, and meet plan installation and administration objectives.

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During his career, Kleindienst has been responsible for managing relationships for 401(k), profit sharing, stock and non-qualified plans; consulting with sponsors on the development and maintenance of 401(k) and pension plans; and collaborating with clients to support their fiduciary responsibilities. His experience includes leadership positions with firms such as Fidelity Investments, The Vanguard Group and Towers Perrin.

Kleindienst earned his bachelor’s degree in administrative management and international business from the University of Delaware.
 

 

Deals & People June 22, 2012

Vanguard CIO Retiring

Vanguard’s managing director and chief investment officer is retiring.
Reported by

George U. “Gus” Sauter announced he will leave the firm December 31. Mortimer J. “Tim” Buckley, Vanguard’s managing director, will assume the role of chief investment officer upon Sauter’s retirement.

Sauter, 57, joined Vanguard in 1987 and directs Vanguard’s global investment management groups, which oversee aggregate assets of $1.6 trillion of Vanguard’s $2.1 trillion in global assets.

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“I’ve had the privilege of working with Gus Sauter for 25 years, and he has been a valued colleague and friend,” said Vanguard Chief Executive Bill McNabb. “The entire enterprise has greatly benefited from his values, judgment, investment acumen, and ability to identify and develop the best investment talent in the industry.”

Buckley, Sauter’s successor, joined Vanguard in 1991. He has directed Vanguard’s Retail Investor Group since 2006, and served as the firm’s chief information officer from 2001 to 2006.

Buckley earned his bachelor’s degree in economics from Harvard University in 1991, and a master’s in business administration from Harvard Business School in 1996.

 

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