October 5, 2009
Beery, Charles to Lead Distribution at Janus
Janus Capital is streamlining distribution under the leadership of Robin Beery and Dan Charles. They are replacing Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, who will step down from his position on Oct. 31 but remain as a consultant through February.
Beery, executive vice president and chief marketing officer, will assume responsibility for Janus' U.S. intermediary business. Charles, executive vice president and managing director of Janus' U.S. institutional business, will oversee sales abroad.
Janus interim CEO Tim Armour noted that Martellaro has made significant contributions in establishing a presence for Janus in the adviser marketplace.
"Dominic's leadership has been invaluable in helping the firm build a robust and successful advisory distribution business and expanding our non-U.S. efforts. We will miss his unbridled enthusiasm, and we wish him well in the next chapter of his life."
Froehlich Joins Hartford as Senior Managing Director
Dr. Robert Froehlich, widely known as "Dr. Bob" for his market and economy commentaries, has joined The Hartford Financial Services Group as senior managing director. He will continue to offer his insights and help develop the firm's retail investment and product approach.
"Bob Froehlich is very adept at helping individual investors understand the financial markets and economy to better develop a personal framework for long-term investing," said Robert Arena, president of The Hartford Mutual Funds. "With Americans struggling to set a direction for their personal investments, Dr. Bob will provide a critical voice to financial advisers and individual investors."
Froehlich recently retired as vice chairman of Deutsche Asset Management after 30 years in the business.
Early in his career, he was an economic, financial and investment consultant at Ernst & Whinney and then joined Van Kampen Merrit as research director, later promoted to chief investment strategist.
Mayo Becomes Principal, Bush Managing Director in KPMG Fin'l Tax Practice
Daniel Mayo has joined the financial services tax practice at KPMG as a principal. In his new position, based in New York, Mayo will provide tax services to financial institutions ranging from global trading, corporate restructurings, acquisitions and international taxes.
He was previously with Barclays Capital, and before that, he was senior vice president and global head of financial products, strategic transactions and capital markets transactions in the tax department at Lehman Brothers. He also previously served as a senior vice president in the tax department at Citigroup.
In addition, John Bush has joined KPMG's financial services tax practice as a managing director, also based in New York.
Bush is in charge of providing tax services to financial institutions in the area of corporate restructurings, acquisitions, global trading, tax loss planning, transfer pricing and international taxes.
Bush was previously chief tax officer at JP Morgan Chase, where he supervised the bank's domestic and international tax operations. Bush also spent 14 years at KPMG earlier in his career and left the firm as a partner in 1992.
HSBC Names Allen Head of Alternative Group
HSBC Private Bank has named Chris Allen head of its alternative investment funds group, overseeing hedge funds, real estate and private equity.
He now reports to Nigel Webber, chief investment officer of HSBC Global Private Banking, and Peter Rigg, global head of alternative investing.
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