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PFPC Promotes Two, Hires Harte as CEO

PFPC, a mutual fund transfer agent and accounting and administrative service provider, announced earlier this month that it has strengthened its executive team with two promotions and a new hire. The appointments follow the firm's recent naming of Timothy Shack as president and chief executive officer.

Stephen Wynne has been promoted from executive vice president to chief operating officer. Wynne is not replacing anyone, as PFPC has been without a COO for several years, said Jeanette Harrison-Sullivan, a company spokeswoman. Wynne joined PFPC in 1997. As COO, he will be responsible for sales and marketing and will oversee the management of PFPC's core services and client relationships.

Nancy Wolcott has been promoted from executive vice president to chief strategic planning officer, a new position at the firm. Wolcott joined PFPC in 2000 from The PNC Financial Services Group, PFPC's parent company. She will be responsible for strategic planning at PFPC and the management of the company's businesses including retirement services as well as custody, securities lending and integrated banking transaction services. She will also oversee the development of the company's securities clearing business.

Michael Harte has been named PFPC's chief information officer, also a new position. Harte will oversee the firm's systems and information technology strategy initiatives. He joins PFPC from Citigroup, where he served as vice president and executive director of information systems.