Morningstar Taps Harding For Key Research Role
September 5, 2011
Morningstarhas promoted William Harding to head of manager research for its investment management division, a new position in which Harding will develop best practices in investment manager research and selecting.
Harding was previously director of research for Morningstar Investment Services (MIS), a registered investment advisor within its investment management unit. He joined Morningstar in 1999 as a mutual fund analyst and was promoted to director of research in 2006.
"Bill is a talented researcher who has played a key role in developing the manager selection process for MIS," said Peng Chen, president of Morningstar's investment management division. "We're pleased to recognize Bill's accomplishments and leverage his knowledge and skill across our entire Morningstar investment management division."
J.P. Morgan Hires Gearin as COO of Retirement Unit
J.P. Morgan Asset Management has hired James Gearin as chief operating officer of its retirement plan services business, reporting to the unit's CEO, David Musto.
In this role, Gearin will oversee the overall strategic direction and execution of the unit's business operations and technology, project management and business management.
Previously, Gearin was with Knowledgent, in charge of the retirement practice. From 1983 to 2008, he worked at Fidelity Investments, in its retirement and benefits outsourcing business.
"With more than 25 years of experience working across many facets of the retirement and financial services industry, Jim brings an exceptional track record and skill set that will enhance our business," Musto said. "Our clients expect the finest recordkeeping and administration solutions for their plans and participants, and our reputation is built on the high-quality execution of these programs and services."
JPMorgan Exec Murray Now Northern Trust CTO
Northern Trust has hired a global business development executive from JPMorgan Chase & Co. to be its chief technology officer.
The provider of financial services for institutions, affluent individuals and families, said Scott Murray will lead new technology development, work on applications that interact with customers and oversee back-office infrastructure, including data centers that serve clients in 40 countries.
Murray will head the firm's global technology infrastructure and application development teams, said Joyce St. Clair, president of operations & technology at Northern Trust.
At JPMorgan Chase, Murray had been business global program office head for Treasury services.
Previously, as global chief information officer for Treasury services, Murray led the technology merger of the JPMorgan and Bank One cash management businesses.
He has also been chief technology officer for the capital markets group at Bank One and a senior technology manager for asset management at Deutsche Bank.
The move comes two weeks after Northern Trust said Jason Tyler of Ariel Investments will be named head of corporate strategy and market development.
And a month after Northern Trust closed its acquisition of Omnium LLC from Chicago-based Citadel.
The technology-driven hedge fund administrator, which has about $30 billion of hedge fund assets under its administration and $40 billion from other financial institutions, will become part of Northern Trust's corporate and institutional services business unit.
Omnium's services will be known as Northern Trust Hedge Fund Services LLC.
Direxion Hires Egilinsky As Alternatives Director
In its attempt to deliver additional quality buy-and-hold alternative investments to investors, Direxion has hired Edward Egilinsky as managing director, head of alternative investments.
A 20-year veteran of business development in the alternative investment industry, Egilinsky most recently was a managing director at Price Asset Management. Before that, he was managing director and head of alternative strategies at Rydex Investments.
"Ed's past success in building out alternative investment products and platforms dovetail perfectly with Direxion's proven capabilities in alternative strategies," said Direxion President Dan O'Neill. "He will play an integral role in helping us develop and distribute products as part of our continued commitment to expanding 'buy-and-hold' alternative strategies for investors."
Broadridge Selects Shelley As Chief Marketing Officer
Broadridge has named Stefanie Shelley, a longtime financial services marketing veteran, chief marketing officer. Shelley had been a marketing consultant for the firm since August 2010.
In her new role, Shelley will be responsible for Broadridge's global marketing functions, including brand strategy, all brand and product marketing, corporate communications and digital and social media marketing. Previously, Shelley held senior marketing executive positions with Capital One, Citibank, JPMorgan Chase, GE and GE Capital.
"Stefanie is a proven leader who has already made a considerable impact at Broadridge in the time that she has been with us as a consultant," said J. Peter Benzie, corporate VP of sales.