Fred Tomczyk, president and chief executive officer of TD Ameritrade,
said he will retire next September at the end of the firm’s fiscal year.
Tomczyk
started his career with TD Ameritrade as a member of the board of directors
following the company’s acquisition of TD Waterhouse USA in 2006. He joined the
company as chief operating officer in 2007 and became chief executive in 2008.
His decision to retire will bring to a close a noteworthy chapter at the firm.
Taking the helm on the eve of the financial crisis, Tomczyk’s legacy includes
growth in total client assets from $278 billion in 2008 to nearly $700 billion
today and consistent best-in-class employee engagement rates of more than 85%.
The
board has named Tim Hockey, group
head of Canadian banking and wealth management at TD Bank Group, currently president
and chief executive officer of TD Canada Trust, as president of TD Ameritrade.
His appointment becomes effective in January; he will also join the board of
directors.
He
will succeed Tomczyk as CEO in September, after Tomczyk retires.
As
president of TD Ameritrade, Hockey will initially be responsible for the
company’s core client channels: retail, institutional and trading, assuming responsibilities
for technology, operations and other corporate functions (finance, human
resources, legal and risk) in the coming months.
Hockey
holds a master’s degree in business administration from the University of
Western Ontario and sits on the Advisory Board of the Richard Ivey School of
Business. He is an executive member of the Canadian Bankers Association and
previously served as chairman.
NEXT: Portfolio Evaluations Inc. enters a strategic alliance with ProteusPortfolio
Evaluations Inc. (PEI) has entered into a
strategic alliance with Proteus, an institutional investment
consulting firm in Canada.
PEI
will ensure Proteus’ Canadian clients that have U.S. operations receive complete
fiduciary protection, guidance for Employee Retirement Income Security Act
(ERISA) concerns and investment advice. Proteus will provide PEI’s U.S.-based
clients that have Canadian operations similar consulting expertise. The two
organizations will leverage the skills in their markets to deliver a more
complete client experience and increase the scope of deliverables.
PEI,
based in Warren, New Jersey, is a privately held consulting firm providing institutional
investment and retirement plan consulting services.
Based
in Toronto, Proteus provides pension plan governance and investment consulting
services to corporate plan sponsors, not-for-profit organizations, trusteed
plans, public plans, foundations and endowments.
NEXT: Delaware Investments adds industry
veterans in marketing and asset liabilityNeil Siegel has joined Delaware Investments as chief marketing and
product officer, a newly created position. Siegel provides strategic oversight
of the firm’s marketing, product management and development, and platform
sales, including the defined contribution investment-only (DCIO) channel. He
reports to Shawn Lytle, president of
Delaware Investments.
Siegel,
who has more than 22 years of experience in financial services, was previously
at Neuberger Berman as partner and managing director, chief marketing officer. Before
Neuberger Berman, Siegel held various leadership positions at Morgan Stanley, including
head of institutional and intermediary marketing for Morgan Stanley Investment
Management.
Lytle
cites Siegel for his successful execution of global marketing programs and
substantial experience in developing relevant products.
Christopher Hanlon has joined Delaware
Investments as senior vice president of insurance strategy and
asset liability management. He brings substantial insurance industry expertise
and reports to Roger Early, head of
fixed income for Delaware Investments. Previously, Hanlon was chief risk
officer and enterprise head of credit risk management and control at The
Hartford Investment Management Company, where over 26 years he held various
leadership positions in asset liability management, defined contribution,
mutual fund, and general account portfolio management.
Eric Kleppe has joined Delaware
Investments as senior vice president of institutional client
services, a new role. He is responsible for relationship management and client
servicing for institutional accounts and reports to John Finnegan, head of institutional client services. Kleppe, who
has 24 years of experience in client service as well as equity research, was previously
head of relationship management and operations at Diamond Hill Capital
Management. Previous roles include managing director of the institutional
client relationship team at Turner Investment Partners, manager of sub-advisor
search at The Vanguard Group and equity analyst at Wellington Management
Company.
NEXT: MainStay Investments names two senior
regional vice presidentsLance Oman has joined MainStay Investments as a senior
regional vice president, leading sales efforts in the registered investment
adviser (RIA) and private bank channels in the western region.
Oman,
who has more than 20 years’ experience in financial services, most recently
held relationship management and business development roles with Fidelity
Investments and prior to that at Trust Company of the West. Previously, Oman
worked at BlackRock as a director and iShares business development officer for
the bank wealth management channel. He began his career at Charles Schwab, where
he rose to regional director.
Brendan
Gundersen, managing director and head of
MainStay’s institutional intermediary business, cites Oman for his substantial
background in exchange-traded funds (ETFs) and active funds.
Oman
holds a bachelor’s degree from California State University, Fresno. He is a
Chartered Financial Analyst (CFA) charterholder and holds the Certified
Investment Management Analyst (CIMA) designation.
Greg
Zipoli has joined MainStay as
a senior regional vice president, leading sales efforts in the registered
investment adviser and private bank channels in the North Central region.
Zipoli
was previously at Cedar Capital as a managing director, where he played an
instrumental role in building the firm’s registered investment adviser business. As a principal at State Street Global Advisors, he built the RIA
business. Before that, Zipoli was vice president at Fidelity Investments, where
he cultivated new revenue opportunities in the Midwest. He has also held sales
and business development roles at Boston Capital Partners and Sands Brothers
& Co. Zipoli holds a bachelor’s degree from Ithaca College.
NEXT: Hartford Funds takes on new portfolio managerAllison Mortensen has joined Hartford Funds as head of multi-asset solutions and
portfolio manager. She will manage asset allocation across a number of existing
portfolios and assist in the development of any new asset-allocation products.
She reports to Vernon Meyer, chief investment
officer at Hartford Funds, who cites Mortensen’s extensive asset-allocation
expertise. She is based in the firm’s headquarters in Radnor, Pennsylvania.
Mortensen
and Meyer will manage the Hartford Conservative Allocation, Hartford Moderate
Allocation, the Hartford Growth Allocation and the Hartford Checks and Balances
Funds. The investment objective for these funds will remain the same.
Mortensen, who has more than 20 years of
institutional asset management experience, most recently was a senior portfolio
manager for Aberdeen Asset Management, where she managed multi-asset,
multi-manager asset allocation strategies, and was responsible for the
strategic asset allocation, portfolio construction and manager selection of
multi-asset mutual funds. She also managed a diversified alternatives mutual
fund and was a member of the Pan-Alternatives Investment Committee. Before
coming to Aberdeen, she was vice president, director of quantitative research at
Morgan Stanley Investment Management, where she conducted original studies to
evaluate equity strategies and incorporated findings into fundamental
investment processes.