Retirement Industry People Moves

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.

Portfolio 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.

Neil 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.

Lance 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.

Allison 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.