Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Executive Moves

Richard Jenrette Joins Blackstone Board

The esteemed Richard H. Jenrette, founder of Donaldson Lufkin & Jenrette in 1959 and later chairman and CEO of The Equitable Companies, has joined the board of directors of The Blackstone Gorup. Jenrette was also a one-time chairman of the Securities Industry Association and a member of the boards of Advanced Micro Devices, Duke Endowment, McGraw-Hill, the National Trust for Historic Preservation, New York University, The Rockefeller Foundation and the University of North Carolina.

Schwab President Adds Title of Chief Executive

Charles Schwab has promoted Walter W. Bettinger, Jr. to CEO and named him to the board. He will remain as president and start his new job on Oct. 1. He has been president and COO since February of last year. Charles R. Schwab, founder, chairman and chief executive, will remain executive chairman of the board of directors. Before becoming COO, Bettinger ran the operating businesses, including Schwab Investor Services, Schwab Institutional, Schwab Investor Development and Schwab Corporate and Retirement Services, as well as investment management, banking, technology, human resources and operations.

Fulcrum Names Considine Chairman of the Board

Hedge fund and alternative investment administration firm Fulcrum Group has hired Jill M. Considine chairman of the board of directors. She was previously chairman and CEO of the Depository Trust & Clearing Corp. from 1999 through 2007, where she was instrumental in expanding DTCC's clearing and settlement operations into the OTC derivatives market and launched Omgeo jointly with Thomson Financial. After she stepped down from DTCC, she continued to serve the organization as a consultant and senior advisor.

Before joining DTCC, Considine was president of the New York Clearing House Association, managing director and chief administrative officer at American Express Bank and New York State Superintendent of Banks. She continues as a director of Ambac Financial Group, the Atlantic Mutual Insurance Cos. and The Interpublic Group of Cos. Recently, she completed a six-year term as a member of the board of the Federal Reserve Bank of New York, where she chaired the audit and operational risk committee.

Four Senior Executives Join Jackson Fund Services

Four executives have joined the senior management team at Jackson National Asset Management, new positions created as a result of "tremendous growth" at the firm over the past 18 months.

Mark R. Anderson is now vice president of investment management and variable product operations. Karen Buiter is assistant vice president, financial reporting, while J. Kevin Kenely becomes vice president of fund accounting, pricing and corporate actions and Mike Piszcek, assistant vice president, tax.

With 20 years of securities industry experience, Anderson has held various executive positions with Integrity Mutual Funds and was a personal trust officer for Wells Fargo Bank. Buiter comes to the firm from Henderson Global Investors, where she was treasurer. She also has more than 20 years of industry experience. Prior to joining Jackson last year, Kenely held various senior management positions at Keystone Group and its successor firm, Evergreen Investment Services, as well as Grantham, Mayo and Van Otterloo & Co. Piszcek, who also came on board in 2007, has been in the business for 23 years, most recently at Nuveen Investments, and has served on the Investment Company Institute's tax committee for the past 11 years.

(c) 2008 Money Management Executive and SourceMedia, Inc. All Rights Reserved.