October 14, 2003
ING Investment Management Americas
The firm announced that Duke Meythaler, who had been chief distribution officer, has left the firm. The institutional sales business will now be led by three executives, including Bob Jamo, who will be director of sales, Jim Salonia, who will remain director of institutional business management, and Len Oremland, who also remains director of consultant relations.
[Fund Fire, October 10]
John Hancock Advisers
John Hancock Financial Services has created the position of director of consultant relations, which will be filled by Robert Emmett Mullin. Mullin was previously director of consultant relations at Pioneer Investment Management.
Canary Capital Partners
Grant Seeger, the head and founder of trade administrator Security Trust, quit for undisclosed reasons. Canary Capital Partners, for its mutual fund transactions, used Security Trust. The firm consolidates mutual fund trades of retirement plan participants and investment advisors’ clients, then forwards them on to mutual fund companies.
[Ignites, October 7]
PFPC
The director of sales and marketing for PFPC’s managed account services, Jim McCoy, has left the firm. McCoy left the firm to set up his own consulting business, The Managed Account Counseling Group, that will focus on the distribution of managed accounts.
[Fund Fire, October 7]
Waddell & Reed Asset Management
The firm, a division of Waddell & Reed Asset Management, has promoted Andrew Thinnes to vice president of institutional marketing and client services. In addition, the firm tapped Clayton Johnson vice president of institutional client services.
[Investment News, October 6]
Citigroup
The firm has selected Lance Lonergan as head of U.S. sales trading. Lonergan, who has been at the firm for 12 years, will act as a middleman between its portfolio managers and traders on the floors and is expected to continue overseeing the Nasdaq sales trading desk.
[Fund Action, October 5]
