Oppenheimer Brings Carey and Willis on Board
OppenheimerFunds has tapped William C. (Bill) Carey as head of distribution and Martha B. (Marty) Willis as chief marketing officer.
An Oppenheimer news release said Carey will begin September 21 and Willis will begin October 1. Oppenheimer said Carey and Willis will lead the completion of efforts to streamline marketing and distribution functions in various business lines.
Carey will be responsible for OFI’s intermediary distribution and its retirement plans, 529 college savings, institutional, RIA, and separate account businesses.
He will join Oppenheimer from Bank of America (BofA), where he was managing director of distribution and relationship management in the company’s Institutional Retirement, Philanthropy & Investments division, which provides retirement and benefit plan services, philanthropic management, and investment guidance to institutional, non-profit, and high-net-worth clients. He also spent 14 years at Fidelity Investments before joining BofA in 2007 (see “Bank of America Names Carey as New Retirement Solutions Head”).
At Fidelity, Carey was president of the Institutional Retirement Services Company and of the Registered Investment Advisor Group. Carey also led national account management for the division that distributes Fidelity Advisor Funds and other investment products through intermediaries.
According to Oppenheimer, Willis joins the company from Fidelity Investments, where she worked for 25 years. Her most recent role was executive vice president, Investment Product Management in the Fidelity division that distributes mutual funds and other products through intermediaries.
During her career at Fidelity, she led the development and relaunch of Fidelity’s Retirement Income program across multiple business lines; managed the Fidelity Retail group’s mutual funds business (the direct-sold Fidelity Funds and the multi-manager Fidelity Funds Network program); developed an integrated intermediary distribution strategy combining database marketing, telephone sales, and electronic communications; and created a mutual fund with a multiple share-class structure.
OFI’s Corporate Communications, Marketing, and Investment Brand Management departments will report into Willis.