On the Move

➜ T. Rowe Price Group has announced that Ken Brooks, senior institutional business development leader, will retire on June 4. Brooks helped grow T. Rowe Price’s U.S. institutional business to over $200 billion in assets under management.

➜ HealthEquity Inc. has entered into a definitive agreement with Fifth Third Bank, National Association, to transition custodianship of Fifth Third’s health savings account portfolio to HealthEquity.

➜ The Certified Financial Planner Board of Standards Inc. (CFP Board) has named Dawn Harris as its director of diversity and inclusion for the Center for Financial Planning.

➜ Mid Atlantic Capital Group has acquired PensionPro, of Harrisburg, Pennsylvania. PensionPro is a provider of work-flow automation software for third-party administrators.

➜ Voya Financial Inc. has entered into an agreement to purchase Benefit Strategies LLC, a third-party administrator of health savings and spending accounts.

➜ Carillon Tower Advisers has named Robert D. Kendall as president, effective May 7. Kendall, who formerly served as CEO of DWS Americas, will lead Carillon’s strategic growth efforts and business development, globally.

➜ Custodia Financial has appointed property and casualty insurance industry veteran Mark Herman as president, reporting to CEO Tod A. Ruble. Herman had previously supported the company as an investor and strategic adviser.

➜ John Hollyer, principal and global head of Vanguard Fixed Income Group, will retire at the end of June. Sara Devereux, global head of rates, will succeed Hollyer at the helm of the fixed-income team. 

➜ Kaitlin M. May will assume the role of head of Putnam Global Institutional Management (PGIM) upon the retirement of Jeffrey L. Gould.

➜ Investment consulting firm LCG Associates Inc. has promoted Claire P. Chotiner to chief operating officer and member of LCG’s board of directors.