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Graham Named President of Mirae Asset Discovery


Mirae Asset Global Investments, a specialist in emerging markets, has named Peter Graham president of the Mirae Asset Discovery Funds, responsible for overall strategies and progress towards its goals.

The news comes on the heels of Mirae's appointment of Joon Kwun as president and chief executive officer of the investment management firm. Mirae launched its first U.S. registered funds, a family of six funds, a year ago. They have since attracted nearly $70 million in assets under management.

Graham will continue as head of product development and marketing at Mirae. Before joining the firm, he was head of product development and management, U.S., at Credit Suisse Asset Management. Before that, he spent a number of years in mutual fund product development, including as a director at Deutsche Asset Management and Bankers Trust Company.

 

Fraenkel Joins Fairholme As Chief Research Officer

A veteran of the investment management industry for more than 30 years in a wide array of roles, Fred S. Fraenkel has joined Fairholme Funds as chief research officer. He was previously vice chairman of Beacon Trust Company, where he was in charge of investments and in charge of publishing the firm's investment strategy. Fraenkel was also chairman of venture capital firm Millennium 3 Capital, vice chairman at ING Barings Furman Selz, chief operating officer of Furman Selz, managing director and director of global research at Lehman Brothers and chairman and chief executive officer of Market America Group.

"We are excited about having Fred at our firm," said Bruce Berkowitz, founder and managing member of Fairholme Capital Management, the investment advisor to the funds. "In this new position, Fred will provide insight that will help direct the funds' future for the positive. As our chief research officer, Fred's first task is to find ways to better communicate with clients as to why Fairholme's best is yet to come. Fred's experience in explaining investments and managing research personnel makes me confident he will succeed."

 

Doshier Becomes VP at MassMutual Retirement

Michael Doshier has joined MassMutual's retirement services division as vice president and head of external markets, reporting to E. Heather Smiley, chief marketing officer of the division. In this position, Doshier is responsible for leading the division's efforts in plan sponsor marketing, adviser marketing and competitive insights.

A 20-year veteran of the financial services industry, he joins from Fidelity Investments, where he was vice president of retirement plan marketing. He has held a number of executive positions in marketing, relationship management, call center operations, sales and general management.

"MassMutual Retirement Services was recently recognized with the No. 1 rating in overall adviser satisfaction, and sponsor retention is also at all-time high levels," Smiley said. "Mike is a proven leader, and we look forward to leveraging his deep understanding of the retirement plan market to support the efforts of advisers and sponsors on behalf of participants."

Of his new position, Doshier said, "I am very excited to join a company with such a stellar reputation in the retirement services industry. Together, we will continue to evolve our adviser and sponsor engagement to support and strengthen MassMutual's tremendous value proposition to advisers and their clients."

 

Morgan Stanley Snaps Up Three UBS Advisers

Morgan Stanley Smith Barney has hired three financial advisers with more than $8 million in production from UBS Financial Services.

In Short Hills, N.J., Brad Nettune joined MSSB on Oct. 28 from UBS. Nettune previously had more than $500 million in client assets under management and had $3.27 million in annual fees and commissions.

Nettune had been with UBS since September 2007, according to his registration records with the Financial Industry Regulatory Authority, and was with Bear Stearns before that from October 2001.

Nettune reports to complex manager Jeffrey S. Crystal.

In Atlanta, Mark D. Rosenberg and Fred Weingart, who operate under the name Rosenberg Group, joined MSSB on Nov. 2. Their team previously oversaw $452 million in client assets and had $4.99 million in annual fees and commissions.

Rosenberg now serves as financial adviser and managing director. He joined UBS in August 2000, according to FINRA records, and has also served at J.C. Bradford & Co. and CIBC World Markets.

Weingart is now financial adviser and first vice president, and previously joined UBS in October 2002, his records with FINRA show.

Joining MSSB with their team is Relationship Manager Tina-Marie Bryant and Client Service Associate Roberta Berman. The team reports to Branch Manager Chip Anderson.