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Excecutive Moves

MMI Names New Chair, Board Governors

The Money Management Institute has named its new chairman, chair elect and six new board members.

James Tracy, director of Morgan Stanley Smith Barney's consulting group, will take the reins as MMI's new chairman, replacing Chairman Emeritus Chuck Widger. Jim Seuffert, CEO of Pershing Managed Account Solutions, was named chair elect.

MMI also announced the following new board members: Marilee Ferone, UBS; Patricia Loepker, Wells Fargo Advisors; Lorna Sabbia, Bank of America Merrill Lynch; Bill Broderick, Edward Jones; Ed Blodgett, Brandes; and Jed Laskowitz, JP Morgan.

"These new governors bring vast experience and unique viewpoints to our existing board," Tracy said. "Each of these firms represented is a leader in its market segment and MMI will benefit from the expanded perspective. As we continue to address the needs of financial advisors and investors, we will draw upon the collective knowledge of our board."

Vercie Lark DST's New Chief Information Officer

Vercie Larkhas joined DST Systems as chief information officer, overseeing the company's enterprise information technology and data center operations.

Lark was previously CIO of Embarq Corp., a provider of local and long-distance phone services and Internet access to five million customers, whose internal IT data centers and applications he ran. He has also held positions at Hewlett Packard and Compaq Computer Corp.

"Vercie Lark brings strong IT leadership experience and a critical understanding of what is required to guide a large-scale technology organization," said Steve Hooley, president and chief operating officer, DST Systems. "Under Vercie's leadership, DST's world-class technology platforms will continue to support the needs of our valued clients, and provide a foundation for continued growth."

Lark commented: "DST is a respected leader within the industries it serves. With rapid changes in information technology come exciting business opportunities and operational challenges.

"I look forward to leading DST's enterprise team to enable DST to seize new business opportunities while tackling the tough operational challenges that a growth company like ours must face to continue to be a leader," he said.

John Hancock Promotes Six to Regional VPs

John Hancock Retirement Plan Services has promoted six of its sales professionals to regional vice presidents, to strengthen its National Sales Team. Hancock's six newest RVPs are: Chris Bettis (Raleigh, Winston-Salem, N.C.), Bradford Boney (Tampa Bay, Fla.), Chris Browne (Central Pennsylvania), Ryan Franken (Connecticut), Miller Peer (West Virginia) and John Ryan (Arizona and New Mexico).

"Each of these new RVPs will assume responsibility for sales, sales support and operations in their own geographic territory," said Bob Carroll, divisional vice president, Eastern division, JHRPS.

"We have every confidence they will continue to excel in their new roles as they help John Hancock RPS build on its positive momentum and the increased business activity we continue to experience throughout the U.S.," Carroll remarked.

Deutsch Tapped as CEO At Boston Private Financial

Boston Private Financial Holdings has selected Clayton G. Deutsch, a senior partner at McKinsey & Co., to succeed Timothy L. Vaill as CEO and president on July 31. Walter Pressey, Boston Private's vice chairman and president, will continue as vice chair and remain on its board of directors.