Retirement Industry People Moves
Retirement Partner Advisors Joins Resources Investment Advisors
A collaboration between Resources Investment Advisors and Retirement Partner Advisors expands Resources Investment Advisors’ geographical reach with more than 85 registered investment adviser representatives in North America.
Resources Investment Advisors is an SEC-registered investment advisory firm, which has more than $6 billion in retirement plan assets and approximately $964 million in assets under management.
“I joined Resources Investment Advisors to bring to Puerto Rico an unmatched level of service, compliance support and investment depth, that was not being offered in our island,” says Javier Cordero, partner at Retirement Partner Advisors.“After careful due diligence, I selected Resources Investment Advisors to offer my clients an unparalleled investment and compliance team who would continue to help me serve at the highest fiduciary standard.”
Retirement Resources Advisors President Vince Morris adds, “We feel that this is a great time in the marketplace for RPA to launch their firm. We are excited that they chose RIA as a strategic partner. Their corporate culture is right in line with ours. RPA will combine our financial wellness program, investment due diligence, and managed asset program with their strong client focused retirement plan offering.”
NEXT: Mason Expands Institutional Investment Consulting Practice
Mason Expands Institutional Investment Consulting Practice
William M. Courson has joined Mason Investment Advisory Services as the firm’s senior managing director. He will focus on foundations, endowments, health care, higher education institutions, and retirement plans.
Prior to joining Mason, Courson served as senior managing director of Hartland & Company in Cleveland, Ohio. He also served as president and chief investment officer of Lancaster Pollard Investment Advisory Group. This firm was acquired by Hartland in 2015. He also was the CIO of a $10 billion public fund.
"We are excited to add Bill to the Mason team,” says President and CIO Scott George. We believe that our clients will benefit greatly from his investment experience and thought leadership. As a former Chief Investment Officer of a large portfolio, Bill understands the complexities of the role and his client focus makes him a perfect cultural fit for our firm."
NEXT: Willis Towers Watson Expands Manager Research Team
Willis Towers Watson Expands Manager Research Team
Willis Towers Watson has made several promotions to its manager research team. Chris Redmond has been named global head of Credit and Diversifying Strategies; Nimisha Srivastava has been appointed global head of Credit, and Paul Jayasingha has been appointed global head of Real Assets. Srivastava and Jayasingha will report to Redmond, alongside Sara Rejal following her appointment as global head of Liquid Diversifying Strategies in October last year.
Redmond joined Willis Towers Watson in 2004 and has held various roles and responsibilities across Credit. This includes building out direct hedge fund research in discretionary global macro and credit long/short strategies in 2007, and establishing an illiquid credit research capability in 2009. He currently chairs the Top-Down Research Group.
Srivastava joined the credit research team in 2014 as a senior researcher. Prior to this appointment, she served as head of Manager Research for EMEA. Jayasingha previously served as global head of Real Estate within Willis Towers Watson’s Manager Research function and has been at the company for over 19 years.
In addition, Stephen Miles remains global head of Equity Stream, covering traditional equities, long/short equities and private equity.
“These new appointments provide an opportunity to further evolve our research structure to better align portfolio construction so that we continue to provide a sustainable competitive advantage for our clients,” says Luba Nikulina, global head of Manager Research, Willis Towers Watson.
NEXT: Highland Capital Management Hires Managing Director
Highland Capital Management Hires Managing Director
Damon Krytzer, CFA, has joined Highland Capital Management as its new managing director supporting business development across the company’s institutional platform. Highland is focusing on institutional product strategy that draws on the firm's core competencies in fundamental credit research. In addition, the firm is looking to develop other areas of its institutional business including private equity and real estate.
"Damon brings to Highland a strong credit background and an understanding of what institutions are looking for from alternative investment managers," explains Brad Eden, global head of marketing and investor relations. "After operating in many different roles within our industry, from institutional allocation to portfolio management, Damon has a unique, multifaceted perspective on how to deliver investment solutions that not only meet but anticipate our clients' needs."
Krytzer joins Highland from Greywolf Capital Management, a $3 billion investment firm that specializes in corporate and structured credit. Prior to Greywolf, Krytzer was the head of portfolio strategy at Waverly Advisors. He also served as a board trustee for the San Jose Police and Fire Department Retirement Plan, and was a member of the plan's investment committee. He launched his career at UBS as well as Oppenheimer & Company in portfolio management roles. He earned a bachelor’s degree from Rutgers University and master’s degrees from Columbia Business School and the University of California Haas School of Business.
NEXT: MassMutual Appoints Head of Strategy & Corporate Development
MassMutual Appoints Head of Strategy & Corporate Development
Aaron Miller has been named Massachusetts Mutual Life Insurance Company (MassMutual) head of Strategy & Corporate Development. Working closely with the executive leadership team, he will be responsible for leading the development of the company's corporate and business strategies, as well as competitive intelligence.
Miller joins MassMutual from Capital One Financial Corporation, where he spent more than six years as managing vice president of Strategy. He was also a principal at the Boston-based private equity firm Great Hill Partners. Miller began his career in 1999 with McKinsey & Company's North American financial services practice, eventually becoming a senior consultant. Miller received his bachelor's degree in economics and public policy studies from Duke University, and earned his master’s degree from The Harvard Business School.
"Aaron's nearly two decades of experience across many disciplines within the financial services arena will add both breadth and depth to our business strategy and planning thought leadership," says Betsy Ward, MassMutual's chief financial officer and chief actuary. "We look forward to Aaron's business acumen in helping differentiate MassMutual from key competitors through the monitoring of global industries, markets, opportunities and trends—all in support of our purpose of helping people secure their future and protect the ones they love."
NEXT: Edward Jones Partners with Tech-Focused Venture Fund
Edward Jones Partners with Tech-Focused Venture Fund
Financial services firm Edward Jones has initiated a multi-year partnership with SixThirty, a venture fund investing in financial technology (FinTech) startup companies. Founded in 2013, the St. Louis-based firm has funded more than 25 startups around the world.
“At Edward Jones, we view technology as a way to enhance the relationship with our clients by making their experience outside our branch offices just as emotive and productive as it is when they visit a financial adviser for a face-to-face meeting in a branch," says Chief Information Officer Vinny Ferrari. "Our relationship with SixThirty gives us an opportunity to look outside the firm for the best ideas in financial technology to help us achieve our goals."
As part of the partnership, the startups SixThirty invests in participate in the firm’s business development program focusing on mentorship and networking opportunities with some of the leading financial services institutions in the region and across the country. The firm’s Investment Committee evaluates more than 300 startups seeking funding before deciding which ones to invest in. The Committee has recently welcomed Frank LaQuinta, a general partner with Edward Jones.
NEXT: Mercer Names Central Market DC Segment Leader for Wealth Business
Mercer Names Central Market DC Segment Leader for Wealth Business
Global consulting firm Mercer has named Paul Staples as partner and Defined Contribution (DC) Segment Leader in the Central market region. In this newly created role, Staples will be tasked with overseeing and accelerating the growth of the company’s DC business in Mercer’s Central market territory. He will work out of St. Louis, Missouri.
Staples will bring to his new role more than 20 years on investment experience which included time spent as a principal with Summit Strategies Group. There, he served as a DC consultant and served some of the firm’s largest DC clients.
He’s also worked for Independence Investments and SG Cowen Securities. Staples graduated summa cum laude from Northeastern University with a bachelor’s degree in business administration. He is also a Level II candidate in the CFA program.