November 8, 2004
Morningstar's Rekenthaler, Reinkemeyer in New Jobs
Mutual fund research firm Morningstar has tweaked its management team, naming John Rekenthaler as vice president of new product development and Patrick Reinkemeyer as president of the investment advisory firm Morningstar Associates, a subsidiary. The moves were part of a restructuring.
Rekenthaler most recently served as Morningstar Associates' president and head of retirement advice, and Reinkemeyer as president of the company's institutional investment consulting firm.
Under the new setup, Reinkemeyer will be in charge of a now recombined retirement advice/institutional consulting business, while Rekenthaler will concentrate on new product development worldwide.
Rekenthaler joined Morningstar in 1988, and once served as its director of research. In fact, he helped develop the firm's well-known rating system for mutual funds.
Reinkemeyer will still report to company COO Tao Huang, while Rekenthaler will report to Joe Mansueto, Morningstar's chairman and CEO.
"There are many synergies between these two areas of our business, and bringing our resources together will further strengthen our capabilities," Mansueto said.
Affiliated Promotes Healey To President, Chief Exec
Affiliated Managers Group has promoted Sean M. Healey, its president and chief operating officer, to president and chief executive officer, effective Jan. 1.
Healey is to succeed founder William J. Nutt in the CEO position, although Nutt will remain as chairman. Healey, 43, joined AMG in 1995 as an executive vice president and in 1999 became president and chief operating officer. He was named to Affiliated's board of directors in May 2001.
Before joining AMG, Healey worked for seven years in the mergers and acquisitions department at Goldman Sachs, focusing on financial institutions. His wife, Kerry Healey, is lieutenant governor of Massachusetts.
Lewis Named President of IFMG Securities Brokerage
Frieda Lewis, who has worked at Independent Financial Marketing Group since March, has been promoted to president of the firm's brokerage firm, IFMG Securities, Inc.
In her new position, Lewis will oversee all broker/dealer activities and be the primary liaison to firms that distribute their mutual funds through IFMG's distribution channels. She replaces Richard J. Koll, a senior vice president who will now fully devote his time to nationwide business development.
Lewis is a 27-year industry veteran who has also worked as a CEO and president of Fleet Brokerage and Fleet Clearing Corp. She will report to Independent Financial Chief Operating Officer JoAnne K. Novak.
Goldman Hires Swank For Quantitative Research
The asset management wing of Goldman Sachs has hired Peter Swank to help with the research efforts of its global quantity equity group. Swank, the former director of equity risk management at ING, is specifically being charged with focusing on fundamental-based quantitative investment strategies.
Before ING, Swank worked at Aeltus Investment Management as director of quantitative equity research. He held similar positions at both First Quadrant and Asset Strategy. His career began as a business professor at the prestigious Marshall School of Business on the campus of the University of Southern California.