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Executive Moves


Northern Trust Selects Browne as New CIO

Northern Trust has hired Robert P. Browne as chief investment officer of Northern Trust Global Investments.

Browne had been the chief investment officer for fixed income and proprietary investment at ING Investment Management, and before that, he was a managing director and co-head of North American fixed-income teams for Merrill Lynch Investment Managers.

Earlier in his career, Browne held senior fixed-income portfolio management positions at JPMorgan Chase in Japan and the United Kingdom.

Browne, 43, reports to Stephen N. Potter, president of Northern Trust Global Investments. Browne succeeds Orie Dudley, who retired last year after eight years as the unit's chief investment officer.

Northern Trust had $3 trillion of assets under custody, including $575.5 billion under management, at the end of 2008. The company has 85 offices in the United States and international offices in 15 countries.

Bruce Heads Up Aquila's Distribution Division

Aquila Distributors has appointed Maryann Bruce as president. In addition, the firm has promoted Chad Childs to chief operating officer of Aquila Investment Management.

In her new position, Bruce will oversee the day-to-day business operations of Aquila Distributors, including sales and marketing, relationship management, shareholder services, financial management and regulatory compliance.

A 25-year veteran of sales and marketing at a diverse array of asset management firms, Bruce most recently was president of Evergreen Investment Services. Before that, she was president and CEO of Allstate Financial Distributors. Earlier in her career, Bruce was senior vice president and director of financial institutions at OppenheimerFunds.

While Childs has been promoted, he will continue to also hold the title of executive vice president. In his new role, he will oversee the day-to-day operations of Aquila Investment Management. He has been with the company since 1987, when he joined as an assistant vice president.

"Aquila has relied on Chad's ability to run many organizational functions at our company for a number of years, and as a company veteran, familiar with all of its operations, he is uniquely suited to assume the COO title and responsibilities," said Aquila Management President and CEO Diana Herrmann. She added: "Having a seasoned professional of Maryann's caliber join Aquila is an important step for our organization."

Sentinel Taps Atkinson For National Sales Position

Sentinel Investments has announced a number of key additions to its distribution team, including a new national sales manager of Sentinel Financial Services, distributor of the Sentinel Funds.

"Despite the market turmoil and financial crisis affecting all of us, Sentinel Investments had a record sales year in 2008-up by more than 100% over 2007-posting our best sales months in the very volatile fourth quarter," said Sentinel Financial President Jim Cronin.

Jamie Atkinson is now national sales manager, overseeing a team of 15 wholesalers. He joined the company early last year as senior vice president, Eastern division sales manager.

In addition, Sentinel has hired the following regional vice presidents: Chris Shanahan, Great Lakes region; Ted Roundy, Southern California; Tim Call, Southern New England; and J.P. Raflo, Mid-Atlantic. Further, Carl Berg has joined the company as vice president, key accounts operations.

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