March 9, 2009
McCullough to Retire From DST as COO, With Hooley Replacing Him
After more than 21 years of service at DST Systems, Thomas A. McCullough will retire from his current position as chief operating officer on Dec. 31. He will, however, continue to serve on the company's board, along with that of Boston Financial Data Services, a joint venture that DST owns along with State Street Corp.
Stephen C. Hooley, president and chief executive officer of Boston Financial, will join DST on July 1 as president and chief operating officer, reporting to Thomas A. McDonnell, chief executive officer of DST. Hooley has been president and CEO of Boston Financial for the past five years. Before that, he was a senior vice president at State Street.
Terry L. Metzger, executive vice president and chief operating officer of Boston Financial, will succeed Hooley as president and CEO of Boston Financial. Metzger has also been with Boston Financial for the past five years. Before that, he spent 24 years at DST handing mutual fund customer accounts.
KeyCorp Names Lathe Wealth Management EVP
KeyCorp. has chosen Timothy J. Lathe to lead its wealth management group.
As executive vice president, Lathe will oversee Key's private banking and wealth management divisions, as well as other business groups that provide investment, banking, insurance and trust services to affluent investors.
Prior to joining Key, Lathe spent most of his career with National City Corp., serving in a number of capacities, including head of its private client group and chief executive officer of a regional bank. He has 30 years of banking industry experience.
"Tim is a seasoned leader with experience in regional, corporate and investment banking," said Beth Mooney, KeyCorp vice chairman and head of Key community banking. "He is ideally suited to lead implementation of our wealth strategy and work closely with Key community banking leaders to integrate these strategies into their marketplace activities."
Lathe has a bachelor's degree in economics from Tulane University.
Fidelity Taps Mirchandani To Lead National Financial
Fidelity Investments has named Sanjiv Mirchandani as president of its National Financial arm.
Mirchandani replaces Norman Malo, who announced his retirement earlier this year. He reports to Charles G. Goldman, president of Fidelity's institutional platforms.
Mirchandani has been with Fidelity for 15 years, most recently serving as president of products and marketing for Fidelity's personal and workplace investing business.
"Sanjiv is a proven strategic leader and business builder whose appointment reinforces Fidelity's commitment to the clearing business and our clients," Goldman said. "National Financial's clients will benefit from Sanjiv's strong brokerage industry knowledge, commitment to service excellence and deep understanding of the needs of retail investors."
Prior to joining Fidelity in 1994, Mirchandani worked at American Express and for Citibank's consumer bank division.
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