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Executive Moves

Phoenix Hires Walsh to Fill Newly Created Position

Continuing its drive toward attracting institutional assets, The Phoenix Cos. has hired Christopher Walsh, a 15-year industry veteran, to fill a new position, managing director of sub-advisory and retirement.

Walsh comes to Phoenix from CDC IXIS Asset Management. He will report to Amy Fisher, the president of institutional markets at the firm's asset management subsidiary, Phoenix Investment Partners. In this role, Walsh will be responsible for expanding the firm's sub-advisory and retirement businesses and following the institutional initiatives set forth by Fisher since her appointment back in February.

Fisher said that earlier this year, she and her staff pinpointed sub-advisory as an area that the company could expand. "This required finding people with a unique set of skills who understand the nuances of this business," Fisher said. "We believe Chris is an ideal fit for us."

Gartmore Names Haubold To Replace PM Melluish

Gary Haubold, a veteran portfolio manager at Gartmore Funds, has been tapped to replace Simon Melluish as co-manager of two funds and sole manager of another, the company announced.

Haubold will co-manage, along with William Miller, both the Nationwide and GVIT Nationwide funds. He will also take over Melluish's position as sole manager of the Nationwide Leaders Fund. Haubold, who joined Gartmore in 2003, will also stay on as manager of the Gartmore Small Cap Value Fund.

Before joining Gartmore, Haubold worked at the equity hedge fund firm Edge Capital Management, which he founded in 2000. Before that, he worked at Pilgrim Baxter & Associates as a senior portfolio manager for several funds.

"Gary Haubold brings considerable expertise in managing equity investments through various market cycles to these important Gartmore funds," said Young Chin, Gartmore's chief investment officer of equities.

Aquila Appoints New CEO

Aquila Investment Management has named Diana Herrmann its new chief executive officer. Herrmann, who joined the firm in 1986, has been chief operating officer and president of Aquila since 1997. She was named vice chair early this year and serves on several of the Investment Company Institute's committees. She succeeds founder Lacy Herrmann as CEO. However, he will continue on as chairman.

Before her time at Aquila, Herrmann worked at European American Bank in New York and was a board member of the Bank Credit Association.

ALPS Mutual Funds Taps Tyler as General Counsel

Tane Tyler, the former vice president and assistant general counsel at Invesco Funds Group, has been named general counsel of ALPS Mutual Funds Services. In her new position, Tyler will oversee the entire company's legal department, which includes advising ALPS and its clients on legal issues.

"With the ever-evolving regulatory environment, our clients are looking to us more and more for integrated legal services," said ALPS Managing Director Jeremy May. "By hiring someone with such strong experience and leadership skills, we are responding to our clients' needs to meet the heightened legal demands in the fund industry."

ALPS, a third-party vendor, helps companies that sell both closed-end and exchange-traded funds with administration and distribution, and possesses $9 billion in assets under administration and $100 billion in assets under distribution.