March 12, 2012
Thornburg Ushers in National Sales Head
Santa Fe, N.M.-based Thornburg Investment Management has promoted Rob McInerney, formerly a regional consultant, to the role of national sales manager, effective March 1.
He will also assume the role of president of Thornburg Securities Corp., succeeding Jack Gardner in both positions.
McInerney served as a regional consultant for Thornburg since 1999, working with advisors in the Northeast region. Previously, McInerney worked for Lexington Funds in New Jersey where he served as director of mutual fund sales.
Thornburg was founded in 1982 and managed $73 billion in assets as of December 31, 2011.
ICI Names Joaquin Industry Operations Chief
The Investment Company Institute has promoted Kathleen Joaquin to the position of chief industry operations officer, replacing 25-year veteran Donald Boteler, who retired earlier in the month.
In her new role, Joaquin will report directly to the ICI's president and CEO Paul Schott Stevens. She will lead the trade group's operations staff, and head a number of initiatives related to such issues as transfer agency, shareholder servicing, clearance and settlement.
Other industry subject areas under her purview will include custody, fund accounting and reporting, as well as technology.
Joaquin joined the ICI in 1989 as Director of Transfer Agency and International Operations. She served as vice president of ICI Mutual Insurance Brokers for four years until 1997. Previously, Joaquin worked as an assistant vice president for Templeton Investments.
"The Institute is singularly fortunate to have a strong and highly effective operations team," Stevens said, in a statement. "Kathy has been a key member of that team for many years, and she is well known and highly regarded throughout the mutual fund industry."
AXA Equitable Appoints Chief Marketing Officer
AXA Equitable has hired Amy Radin to the new position of senior executive vice president and chief marketing officer.
Radin will work closely with Axa's Retirement Savings and Financial Protection & Wealth Management divisions to develop, as well as implement, strategies aimed growing the businesses and enhancing the customer experience.
Before her appointment to Axa, Radin had been chief innovation officer at E*Trade Financial Corp., where she was noted for facilitating collaboration across the company to develop innovative products.
AXA Equitable is a purveyor of life insurance, retirement, and annuity products and is a subsidiary of AXA Financial, Inc.
Symetra Adds Oppenheimer Vet
Symetra Investment Services, Inc., the broker-dealer registered investment advisor arm of Symetra Financial Corporation, has hired John Forrest to serve as director of business development, responsible for managing relationships, development advisors and managing sales.
Forrest, who will report to Richard Moran, president of Symetra, was hired away from Lincoln Financial Network, where as director of sales and business development oversaw sponsor relationship management and the network sales desk. He served in this role for both Lincoln Financial Advisors Corp., and Lincoln Financial Securities Corp.
Previously, he was senior relationship manager at Oppenheimer Funds Distributors in New York, where he worked with analysts to secure sub-advisory, institutional or advisory platform mandates as well as negotiate revenue sharing.
Symetra Investment provides advisors with products for brokerage and cash management accounts and mutual funds, among other products.
Huntington Names Rezabek as President
Huntington Asset Services, Inc. a wholly owned subsidiary of Huntington Bancshares Incorporated, has appointed Joseph Rezabek as president of the company. Rezabek hails from Citi Fund Services, where he was managing director and head of North American Fund Services.
Previously, Rezabek served as chief operating officer of State Street's Milan, Italy branch, where he was responsible for accounting operations, IT, compliance support and professional services. Rezabek began his career at First Data Corporation (now The Bank of New York Mellon Corp.) and also held positions with Putnam Investments and Colonial Investor Services (now Columbia Management Group).
"An outstanding executive and leader, Joe will commit his expertise and vision to building upon Huntington Asset Services' strengths," stated Daniel B. Benhase, Huntington senior executive vice president and director of the Wealth Advisors, Government Finance and Home Lending Group.
Huntington Asset was founded in Indianapolis in 1952 as Unified Fund Services, Inc. and provides fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion.