December 7, 2009
Fidelity Names Perold Asset Management Chief
Fidelity Investments has promoted Jacques Perold from chief operating officer of its asset management unit to chief of the $1.4 trillion division. Meanwhile, Michael Wilens, the former head, has moved over to the retirement unit as director of client management, reporting to Abigail Johnson.
Perold, who has only been with Fidelity since May and replaced Robert Reynolds, who left in 2007, is the fifth executive to head up the asset management unit since 2005.
Russell Promotes Agather To Director of Indexes
Russell Investments has promoted Rolf Agather to the newly created position of director of index research and innovation. Agather, whose career at Russell spans 20 years, most recently served as the director of business development for Russell Indexes, which are the basis for benchmarks for funds with more than $4 trillion in assets.
Johnson Joins New York Life to Develop Retirement Income Security Products
Tom Johnson has joined New York Life Insurance as head of business development for retirement income security, which includes overseeing income and investment annuities, long-term care insurance and mutual funds, with an emphasis on defined contribution plans and 401(k) rollover options. He now reports to Chris Blunt, executive vice president in charge of retirement income security.
"I am very pleased that Tom is joining New York Life," Blunt said. "Tom brings a wealth of knowledge, industry best practices and networks that will help us continue the momentum we have had since the division's creation last year, aimed at providing holistic solutions for advisers to use with their clients that address each phase of the retirement process.
A 33-year veteran of the industry, Johnson joins New York Life from MassMutual, where he was senior vice president of retirement income and strategic business development. In addition to more than a decade at MassMutual, he worked at Federated Investors and his family firm, The Johnson Companies.
Johnson received a B.A. from Gettysburg College and completed the management development program at Harvard University.
Three Senior Hires Join Fixed Income Rates Trading Unit At Guggenheim Capital
Guggenheim Capital Markets, a division of Guggenheim Partners, has hired three senior professions to join its fixed income rates trading group: Mike Goldman, Rob Goss and David Nalepa.
Goldman is now head of agency trading. He most recently was at Barclays Capital as director of agency trading. Prior to that, he was head of agency trading at UBS and a portfolio manager at both EMF Financial and CURA Capital.
Goss, who is now a director of U.S. rates sales, was most recently a government bond trader at hedge fund Alphaworks. Prior to that, he was a relative value trader at RBC Dain Rauscher and a senior government bond salesman at Donaldson, Lufkin & Jenrette, Bank of America and Citibank.
Nalepa has joined Guggenheim as a vice president and most recently was at Lehman Brothers, where he spent the last three years working in sales in the relative value trading group.
These new hires expand the fixed income rates trading group, which was launched in March of this year and has since added eight sales and trading professionals, all of whom report to Tom di Galoma, head of interest rates trading.
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