November 01, 2002
Allmerica Financial Corp.: John F. O'Brien has decided to step down from his post as president and chief executive officer of Allmerica Financial Corporation. Worcester lawyer Michael Angelini has been elected chairman. [The Boston Globe, October 26, 2002]
Citigroup: Sallie Krawcheck, former chairman and chief executive officer of Sanford C. Bernstein & Co., has joined Citigroup to run the global research and brokerage units, which will be split off from the parent in a newly formed division. It will be called Smith Barney, rather than the current name Salomon Smith Barney. [The Wall Street Journal, October 31, 2002]
Columbia Management Group: Brian L. Seidman has left Julius Bear Investment Management to join Columbia Management Group as managing director, a new position. He will be investment liaison for mid-sized institutional investors and high-net-worth individuals. [Pensions & Investments, October 28, 2002]
Federated Investors: Christopher F. Corapi has left Credit Suisse Asset Management to join Federated Investors as senior vice president and head of equity research, a new position. [Pensions & Investments, October 28, 2002]
Fidelity Investments: Steve Jonas, formerly chief financial officer of FMR Corp., has been tapped chief administrative officer of Fidelity Investments, a newly created post. Laura Cronin, currently CFO of Fidelity Brokerage, will replace Jonas as chief inancial officer of FMR. Fidelity is also moving Joe LoRusso, president of Fidelity Institutional Retirement Services Company, to its Fidelity Financial Intermediary Services area. LoRusso will serve as president. [Ignites.com, October 25, 2002]
Fiduciary Trust Company International: Christian E. Kaefer has been promoted to executive vice president and director of global equity research at Fiduciary Trust Company International. [InvestmentNews, October 21, 2002]
INVESCO Institutional: Douglas J. Gooding has left Templeton Investment Counsel to join INVESCO Institutional as senior product manager for INVESCO Capital Management. [InvestmentNews, October 28, 2002]
Investment Company Institute: Paul G. Haaga Jr. has been elected to a one-year term as chairman of the Investment Company Institute. [InvestmentNews, October 21, 2002]
Jeffries & Co.: Lane Genatowski has left Banc of America Securities to join Jeffries & Co. as managing director in its investment banking group. [InvestmentNews, October 21, 2002]
JPMorgan Fleming Asset Management: Andrew Spencer has been tapped as chief investment officer of JPMorgan Fleming Asset Management's U.S. retail business. [InvestmentNews, October 21, 2002]
JPMorgan Investor Services: Steven A. Smith has left ABN Amro LLC to join JPMorgan Investor Services (JPMIS) as Western hemisphere financial institutions sales executive. Smith will be responsible for managing all sales activities across JPMIS investment manager, insurance and bank market segments, and setting the strategic direction for the group. [Business Wire, October 28, 2002]
Massachusetts Financial Services: Marty Beaulieu was named executive vice president and director of distribution at Massachusetts Financial Services, a new position. He will assume some of the responsibility of Joseph Trainor, president of MFS Institutional Advisors, who resigned. [Pensions & Investments, October 28, 2002]
ProFund Advisors: Matt Connors has left Deutsche Bank to join ProFund Advisors as managing director, financial professionals. Connors' primary responsibility is marketing the ProFunds to intermediaries, including broker/dealers and fee-based financial advisers through ProFunds Distributors Inc.'s internal and external sales teams. [Business Wire, October 21, 2002]
Riggs Capital Management: J. Anthony Riggs has been named president and chief investment officer of Riggs Capital Management. [InvestmentNews, October 28, 2002]
SAFECO: Kevin Carter has left DiversityInc.com to join SAFECO with responsibility to spearhead its corporate diversity initiatives. [Fund Marketing Alert, October 28, 2002]
U.S. Bancorp Asset Management: Dale Kurtz has left Jundt Funds to join U.S. Bancorp Asset Management and First American Funds as key accounts manager. Kurtz will focus on establishing relationships with 401(k) plans, funds of funds and other asset managers to increase distribution of the Ūrm's investment portfolios and services. [Pensions & Investments, October 28, 2002]
UBS Global Asset Management: Frank P. Pfeffer has left J.P. Morgan Fleming Asset Management to join UBS Global Asset Management as managing director and head of institutional business development and marketing. [Pensions & Investments, October 28, 2002]
