Retirement Industry People Moves – 7/12/24

Cambridge Investment Research Hires Sr. Director of Retirement Plans

Bill Robertson

Cambridge Investment Research has hired Bill Robertson as senior director of retirement plans, a firm spokesperson confirmed. Robertson reports to Jeff Wick, vice president of client solutions.

“Bill has guided financial professionals through various retirement plan topics, contributing to the estimated sale/service of over 1,500 qualified retirement plans,” said the spokesperson. “At Cambridge, he will be a key asset to the client solutions team, supporting financial professionals as they grow and enhance client portfolios with qualified company retirement plans.”

Prior to joining Cambridge, Robertson was a regional sales consultant at Definiti LLC.

FinServ Welcomes 2 Board Members

David Rhoiney

Bonnie Treichel

The FinServ Foundation, a nonprofit organization that specializes in providing coaching, mentorship and scholarships to empower individuals entering the financial services field, has named Bonnie Treichel and David Rhoiney to its board of directors.

“FinServ Foundation is thrilled to welcome Bonnie and David to our esteemed board,” said Jamie Hopkins, FinServ’s president, in a press release.

Voya Welcomes New Board of Directors Member

William Mullaney

Voya Financial announced William Mullaney was elected to serve on its board of directors.

Mullaney will serve on Voya’s audit, technology, innovation and operations committee and the nominating, governance and social responsibility committee, according to the announcement.

“I am delighted to welcome Bill to our board of directors,” said Voya Financial CEO Heather Lavallee in a statement. “Bill brings extensive experience from across our industry, where he has distinguished himself as a leader of innovative business and customer solutions.”

Mullaney has nearly 40 years of experience across the retirement, life, annuities and insurance industries.  He was mostly recently a managing director in Deloitte Consulting’s insurance practice, advising on a range of business, insurance and retirement topics. Previously, he was president of MetLife Inc.’s U.S. business.

Regulatory Compliance Consultancy Specialist Expands Services  

Jamie Schlag

Essential Edge Compliance Outsourcing Services announced it has named Jamie Schlag a director. The Santa Fe, New Mexico-based firm provides third-party compliance services for broker/dealers and registered investment advisers.

Schlag is responsible for managing relationships with clients and evaluating business compliance programs, according to a company press release She is also responsible for reviewing clients’ regulatory content and providing them with training and oversight recommendations, according to the announcement.

Schlag reports to Sander Ressler, co-owner and managing director of Essential Edge Compliance Outsourcing Services.

First Eagle Investments Names Senior Director

First Eagle Investment Management LLC has hired Elizabeth Yan as a senior director in consultant relations, covering the Eastern and Midwest regions.

Yan, who started on July 8, is responsible for coordinating relationships with consultants across First Eagle, representing the firm’s equity and credit strategies and collaborating with business development professionals within the First Eagle institutional platform, including First Eagle Alternative Credit and Napier Park, according to the announcement.

Yan reports to Allison Shaw, head of U.S. institutional relationships and global consultant relations.

Prior to joining Fist Eagle, Yan was a managing director and senior consultant relations executive at the TCW Group.

Vanguard Group Head of Europe Hagerty to Retire

Sean Hagerty

Head of Vanguard Europe Sean Hagerty announced in a LinkedIn post he will retire from the Vanguard Group Inc., effective December 31, 2024, a Vanguard spokesperson confirmed.   

“I am retiring from Vanguard, but not retiring from my career,” Hagerty wrote in the post. “I look forward to continuing to make an impact in new and challenging endeavors.”

In April, Vanguard named Jonathan Cleborne to replace Hagerty in a press release distributed in Europe, confirms a Vanguard spokesperson. The press release did not specify when Hagerty would leave Vanguard, but did state he would continue in the role as head of Europe until June, when Cleborne “will assume the role and move to the U.K.”

Hagerty was named to lead the European business in 2016.   

Under Hagerty’s leadership, Vanguard’s European business grew to nearly $360 billion in assets under management as at the end of March 2024, according to the release.

Prior to taking the role, Cleborne served as head of Vanguard’s personal investor advice service in the U.S., leading direct-to-consumer investment advisory and financial planning.

He reports to Chris McIsaac, managing director and head of Vanguard’s international division.

Manulife Names Head of Insurance at John Hancock

Manulife Financial Corp. named Oscar Martinez head of insurance at John Hancock, a unit of Manulife.

“When it came to finding a new leader for our insurance business, it was essential that the person have the right combination of industry experience and acumen alongside a proven track record of innovation,” said Brooks Tingle, John Hancock president and CEO, in the announcement.

Martinez reports to Tingle and serves on John Hancock’s U.S. leadership team, as well as Manulife’s global leadership team.

Martinez joined John Hancock from Equitable, where he led the company’s individual life insurance business, including new business development, underwriting and life insurance product development and distribution.