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SEC Names Rominger Director of Investment Unit


The Securities and Exchange Commission has selected Eileen Rominger as director of the division of investment management.

Rominger spent the past 11 years at Goldman Sachs Asset Management, most recently as the firm's global chief investment officer. Previously, she was with Oppenheimer Capital for 18 years as a portfolio manager, managing director and member of the executive committee.

She replaces Andrew J. "Buddy" Donohue, who left in November.

"Eileen brings the agency a lifetime of experience in the asset management industry and a record of strong leadership," said SEC Chairman Mary L. Schapiro. "She understands the importance of the nation's investment management industry to the well-being of investors everywhere."

Paul Schott Stevens, president of the Investment Company Institute, said of the new appointment: "We look forward to working with Eileen Rominger in her new role leading the division of investment management. As a seasoned investment professional, she brings unique credentials to the commission staff, as well as the benefit of long and distinguished experience in the asset management business. Her qualifications will very effectively serve the interests of America's mutual fund investors and the mission of the SEC more broadly."

 

FRC Hires Schott to Lead Retirement Practice

Financial Research Corp. has hired Matthew J. Schott as vice president, retirement income practice leader.

A 20-year veteran of the financial services industry, Scott was previously vice president of program design at Placemark Investments, research director of brokerage and wealth management at Tower Group and vice president of product and service implementation at Fidelity Investments Life Insurance.

"Matt is an experienced financial services professional who has deep expertise in retirement income and the broad array of issues that affect the design, development and marketing of products and services in that area," said FRC Chairman Bob Hedges.

"Clearly, Matt will bring great expertise to our firm and to our clients," Hedges continued. "He has conducted extensive research on retirement income offerings across different industry providers-mutual funds, income annuities and managed accounts-and worked with the RIA, broker-dealer and insurance channels."

 

Kasina Hires Three as Business Expands

As the economy continues to improve and research and consulting for asset management firms at Kasina grows, the firm has hired three new professionals.

Saadiah Freeman joins as a senior managing consultant, Helen Gurina as a consultant and Jesse Mark as a research analyst.

"Given the environment of the past two years, companies are rethinking the fundamentals of their business and asking kasina to help them find ways of evolving their business models to ensure long-term viability," said Steven Miyao, CEO of Kasina.

"We are thrilled to add Saadiah, Helen and Jesse to the kasina family," Miyao continued. "Saadiah and Helen's extensive experience working with senior executives will enable them to guide our clients through these tricky times, and Jesse's research experience will be invaluable as we provide industry leaders with the critical data and insights that they need to run their businesses."

Freeman was previously a consultant with Boston Consulting Group and was an investment banker with Babcock & Brown in Australia, Europe and the U.S. She will work with Senior Consultant Rubesh Jacobs, who previously was with Booz Allen Hamilton and has been with Kasina since February 2010.

Gurina was previously a software developer with Leading Market Technologies. Previously, she worked at Investor Group Services, where she completed due diligence and strategy review cases for private equity and sell-side clients in a wide range of industries.

Mark comes to Kasina from NERA Economic Consulting, where he performed economic analysis for subprime and credit crisis-related litigation.

 

Morgan Names deRegt Global Fixed Income Chief

Ken deRegt, Morgan Stanley's chief risk officer, has been named the firm's global head of fixed income sales and trading. deRegt will report to Colm Kelleher, co-president of institutional securities at the firm.

In addition, Jack DiMaio will leave the firm. DiMaio, former global head of interest rate, credit and currency trading, will be working for an investment firm.

"As we have said many times, a big driver of our future success will be the continued build-out of our sales and trading platform and, in particular, our strategy and footprint in fixed income," according to an internal memo from Morgan Stanley Chief Executive Officer James Gorman. "While we have started to see some progress, there is more we can do to ensure the best execution of the strategy." Additionally, the memo said that Keishi Hotsuki, who has worked with deRegt as head of market risk, will assume the role of interim chief risk officer. And Charlie Johnston, president of Morgan Stanley, will be retiring at the end of 2011.