This week in personnel announcements and new hires, Mercer hired several executives; AIG named a new chief investment officer; ICI named Marty Burns chief industry operations officer; Merrill Lynch announced several hires; a team left Merrill for Snowden Lane; Nikko Asset Management promoted Fred DeSerio; and Stephen Weiss joined LGIMA.
Also, Kent Weaver returned to Glenmede; J. Keith Morgan joined TIAA-CREF; Lou Maiuri moved up at State Street; and Vestmark welcomed Vincent Pellegrini.
Mercer Welcomes Execs
Consulting firm Mercer has announced the addition of Chad Hueffmeier as senior financial strategy consultant; Gina Hughes as project manager and annuity placement specialist for PRT opportunities and defined benefit plan terminations; Melissa Latore-Moore as an annuity placement specialist; and Grace McAdam as a client advisor on matters related to investment performance and risk, policy and governance of institutional assets.
Hueffmeier is based in the Chicago office and joined after working in pension risk management groups at Morgan Stanley Investment Management, Towers Watson, and Buck Consultants. With more than 20 years of experience, Hughes is based in New York City and joined from Dietrich & Associates. Latore-Moore, also based in New York City, brings more than 10 years of experience and joined from AIG. McAdam is based in Toronto and joined from Aon Hewitt.
AIG Names Dachille CIO
American International Group (AIG) named Douglas Dachille as executive VP and chief investment officer, following the acquisition of First Principles Capital Management, where Dachille served previously as CEO. That transaction is expected to close in the third quarter of 2015, AIG announced. As CIO, Dachille will succeed AIG's William Dooley, excutive VP, investments, who is retiring.
Prior to leading First Principles for 11 years, Dachille was president of Zurich Capital Markets.
ICI Names Marty Burns Chief Industry Operations Officer
Martin "Marty" Burns has been named chief industry operations officer at ICI, promoted from his position as Senior Director of Operations and Distribution and acting Chief Industry Operations Officer at the Institute. In his new role, Burns will report directly to ICI President and CEO Paul Schott Stevens.
Merrill Lynch Announces Hires
Merrill Lynch announced that its private banking and investment group hired Peter Kong and John Shaw in San Francisco, Jim Ertmann and Ben Foster in Chicago and Will Leven and his wealth management team in Houston, Texas. In addition, David Munoz joined as a financial advisor in White Plains, New York.
Kong and Shaw, formerly at Barclays Wealth Management, report to Tracy Murphy, regional managing director, private banking and investment group, Pacific Northwest. Ertmann and Foster also came from Barclays, and report to Brett Thelander, PBIG mid-America regional managing director. Leven's team joined from UBS Private Wealth Management, and reports to Bob Johnson, regional managing director; the team includes Alora Anderson and Anthony Hoff, analysts, and Ashlee Kegler, client associate. Munoz was also most recently at UBS, beginning his career at Sanford C. Bernstein & Co.; he reports to Matt Grossman, managing director for the Merrill Lynch White Plains-Greenwich market.
Snowden Lane Adds Merrill Team
Snowden Lane Partners has announced that Alex Bryer and Keith Mayo have joined as partners and managing directors, along with their team of Ryan Perraut, private wealth advisor, and Heather Talesnick, registered client relationship manager.
They joined from Merrill Lynch and will work out of the Bethesda, Maryland, office.
Nikko Asset Management Advances DeSerio
