December 1, 2008
Putnam Selects Farrell as Head of Equity Trading
Daniel Farrell has joined Putnam Investments has head of equity trading. With more than 15 years of institutional equity trading experience, Farrell most recently was vice president, equity trading at RiverSource Investments. Before accepting that position in 2003, he was vice president, equity trading at MFS Investment Management.
"High-quality equity trading is vital to any asset manager, and Dan Farrell's decision to join Putnam brings a proven professional to this key role," said Putnam President and CEO Robert L. Reynolds. "Dan understands that close communication between trading and portfolio management helps deliver superior investment results. And he brings a wealth of experience and a wide range of strong relationships with Wall Street that will benefit Putnam clients going forward."
Fidelity Nabs Goldman Shortly After Schwab Exit
Less than a week after his departure from Charles Schwab, where he was executive vice president and head of the institutional business, Charles G. Goldman has joined Fidelity Investments as president of institutional platforms for Fidelity Institutional Products Group. He will join the firm in early 2009, reporting to Michael K. Clark, president of the division.
Before his institutional role at Schwab, Goldman was executive vice president of strategy and corporate development and venture capital investing. Prior to that, he was president and chief operating officer of Paramount Farms and Paramount Citrus Association.
"Fidelity Investments has a strong presence with independent advisers, broker/dealers and family offices, and we are anxious to expand on that," Clark said. "Charles' proven leadership and success, combined with his vast experience in providing best-in-class client service, make him ideally suited for this position."
Ohl in Charge of Hartford Retirement Plans Group
The Hartford Financial Services Group has reorganized its employer markets group. Like other units that have been revamped, the division, which serves more than 86,000 employers, is meant to be more customer-centered with a total financial solution.
Jamie Ohl, senior vice president, is now in charge of the retirement plans group (RPG). Before, Ohl was responsible for product development and business retention.
Ron Gendreau, executive vice president, will continue to lead the groups benefits division (GBD).
Marty Swanson, vice president and chief marketing officer, will lead marketing for both GBD and RPG, making sure that messages are consistent and that the firm is reaching unique business opportunities.
Harry Monti, senior vice president, is now responsible for leading operations and service.
Earlier this year, The Hartford completed the purchase of three retirement plans businesses: TopNoggin, a defined benefit organization; Princeton Retirement Group's alliance business, which brings private-label capability and mid-market presence; and SunLife Retirement Services, a large retirement plan market recordkeeper.
"There are tremendous opportunities in the employer market that The Hartford will be able to capitalize on going forward," said Jim Davey, EVP and director of the employer markets group.
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