April 19, 2010
Manning to Replace Pozen As Chairman of MFS
MFS Investment Management has named Robert Manning, its current CEO and CIO, to succeed Robert Pozen as chairman of the company. Pozen is set to retire at the end of the year.
The Boston-based money manager made the move to replace the departing Pozen as an attempt to offer a "smooth succession for the leadership for MFS," Manning said. Pozen will become a chairman emeritus and retire Dec. 31.
"Being part of a company with such an important role in the development of the asset management industry has been an extraordinary experience," Pozen commented. "I am delighted to have contributed to the growth and success of MFS and believe it is in the best of hands for our clients."
Furthermore, Manning will continue to hold onto CEO duties while he works closely with trustees moving forward but will transfer his lead investment responsibility to Michael Roberge, a president and co-director of global research at MFS. Roberge will also hold onto his previous research role.
Additionally, Non-U.S. and Global Equity Investment CIO David Antonelli and Head of Global Distribution Martin Beaulieu will be new vice chairmen of the company.
In his new role, Antonelli will focus on portfolio management and advise on the global research platform. Alternately, Beaulieu will assume a greater role in industry-related issues, while retaining his global distribution head responsibilities. All appointments will take effect July 1.
"Today's announcement reinforces that MFS will continue to be led by those whose background is investment management and who are steeped in the culture of our firm," Manning said.
Sentinel Appoints Kania VP, Retirement Director
David A. Kania has joined Sentinel Financial Services Co.'s retirement and sub-advisory team as vice president and regional retirement director. In this position, Kania is responsible for supporting the firm's defined contribution investment-only business through consultant relationships, reporting to Senior Vice President and Director Peter Hebert.
Kania was previously vice president, institutional business at American Beacon Advisors. Before that, he was director, institutional markets at Transamerica Investment Management. Earlier positions in developing institutional business were with Dana Investment Advisors, Berger Financial Group, Manulife Financial and CIGNA Retirement Services.
"David brings deep industry experience to an important and growing part of our business," said Sentinel President Jim Cronin. "Building on the strong momentum of last year's record sales, he will continue to bring Sentinel's message-our focus, discipline and dedication to stewardship-to retirement plan consultants and financial advisers."
Curian Names Eisenrich VP Senior Market Strategist
Curian Capital has named Peter Eisenrich to the newly created position of vice president and senior market strategist in the firm's asset management group. In this role, Eisenrich will develop and author views on domestic and foreign market trends for publication in Curian's AMG publications, including the Capital Market Briefing and Quarterly Attribution Report. Eisenrich comes to Curian from Wells Fargo Investments, where he was vice president of strategic equity sales. Before that, he was a fund manager at Portola Group.
(c) Copyright 2010 Money Management Executive and SourceMedia Inc. All rights reserved.