RidgeWorth Hires Two Chief Compliance Officers
April 18, 2011
RidgeWorth Investments has hired Robert Zakem as chief compliance officer and general counsel and Joseph O'Donnell as chief compliance officer for RidgeWorth Funds.
Zakem comes to the firm from Bank of America, where he was managing director of global risk compliance. Before that, he was with UBS Financial Services and AIG/SunAmerica Asset Management.
O'Donnell hails from ING Funds, where he was executive vice president and chief compliance officer. Earlier, he was chief legal counsel and chief compliance officer at The Atlas Companies.
"Bob and Joe are both highly experienced attorneys with impressive track records within the asset management industry," said Ashi Parikh, chairman and chief executive officer of RidgeWorth Investments. "We believe that, with their level of expertise, Bob and Joe will strengthen both the risk management and compliance programs that are so important to our firm and our clients."
HealthView Services Recruits Baker as Advisor
HealthView Services, a technology firm that creates customized financial planning systems to help Baby Boomers prepare for healthcare costs in retirement, has hired Charlie Baker as a strategic advisor and a member of its board of directors.
Baker was previously chief executive officer of Harvard Pilgrim Healthcare and ran for governor of Massachusetts on the Republican ticket.
"Retirement income planning is one of the most important issues facing Americans today, especially for the millions of Baby Boomers gearing up for their retirement years," Baker noted. "As one of the Baby Boomers in the middle of the pack, I am concerned about the way in which healthcare costs are going to affect the retirement plans of millions of Americans who are about my age. Working with HealthView's talented and visionary team, my focus will be to bring the 'health and wealth' conversation to the forefront of retirement planning. Every day for the next two decades, approximately 10,000 Baby Boomers will turn 65 and then be responsible for all of their healthcare costs that aren't covered by Medicare. We must all be better prepared to understand, plan for and work our way through this enormous challenge."
Ron Mastrogiovanni, CEO of HealthView, added, "We are thrilled to have Charlie join our effort to help Ameriacns plan for a secure retirement."
Invesco Taps Christensen As Head of Enterprise Risk
Susan Christensen has joined Invesco as global head of enterprise risk.
"Susan Christensen joins Invesco with the broad-ranging risk management experience so critical to the success of a global asset manager," said Loren M. Starr, chief financial officer. "Her arrival reinforces Invesco's strong commitment to risk management, one of the primary reasons we successfully weathered the recent financial crisis."
Christensen was previously senior vice president of finance and chairman of the enterprise risk management committee at Franklin Templeton Investments, which she joined in 1989 and where she continued to hold positions of increasing responsibility. Christensen also serves on the American Institute of Certified Public Accountants' executive committee task force for risk assurance and advisory services, as well as the risk management committee of the Investment Company Institute.
Krishnaswami Joins Kasina as Product Manager
Kasina has hired Hari Krishnaswami as product manager for its FA Vision service. Offered in conjunction with Horsesmouth, FA Vision provides a data-driven strategic analysis of financial intermediaries' behaviors, preferences and opinions, which the asset managers and insurers that subscribe can use to improve their distribution strategies and profits.
Krishnaswami has nearly 20 years of experience in management consulting, asset management and e-business, most recently with DWS Investments, where he held executive roles in product development and business management. Before that, Krishnaswami worked at Deloitte Consulting's strategy and operations practice.
"Since we launched FA Vision in 2009, our clients have come to rely on the insights that the service provides," said Kasino Chief Executive Officer Steven Miyao. "Hari's extensive background in asset management, combined with his experience in management consulting, will enable him to continue to grow the FA Vision service offering. I am extremely excited about the greater impact that we'll be able to have for our clients. Hari will also bring added depth to our consulting practice, which has continued to grow as firms look to maximize the profitability of their distribution efforts."
Ex-Wachovia CEO Joins BNC's Board
G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp. The $2.15 billion-asset company said in a filing with the Securities and Exchange Commission that Thompson would replace R. Mark Graf as the board representative of Aquiline Financial Services LP of New York. Graf, a former chief financial officer at Fifth Third Bancorp, resigned from BNC's board this month after becoming the chief financial officer at Discover Financial Services. Graf joined BNC's board shortly after Aquiline invested $35 million in the company last summer. Thompson, an Aquiline senior adviser, resigned as Wachovia's CEO in June 2008 as the company struggled with mortgage defaults and issues in its investment bank.