Mark Kordes has been affiliated with two of the biggest wirehouses during his 25-year career in financial services, so he is well-positioned to become the new chair of the CFP Board’s council on education.
Kordes, a certified financial planner, is the the head of wealth planning in the United States at UBS [UBS]. Before taking that post, he was a managing director at UBS and head of its financial planning advisory and analytics group.
Kordes owns a litany of certifications, including a CLU; the highest life insurance designation available; and the ChFC, the designation awarded by the American College for financial consultants.
The council on education was created in May 2008 to beef up the CFP Board’s efforts to establish and enforce educational standards for its designees.
“CFP Board is very fortunate that Mark has agreed to fill this volunteer leadership position,” said Kevin Keller, the CFP Board’s chief executive officer. “We feel strongly that Mark has the appropriate skill set to fill this volunteer leadership position.”
Before joining UBS in 2004, Kordes was the director of private planning Services for Merrill Lynch’s private banking and investment group.
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Also on the move this week:
BNY Mellon Wealth Management [BK] hired Gary Rzucidlo as vice president and senior sales director for its Atlanta office. He was a vice president and a financial advisor at Sanford Bernstein Global Wealth Management in New York City.
Citi Private Bank [C] hired Charles Merrill as a managing director in its New York office and New York regional executive. He was a managing director at U.S. Trust, Bank of America, [BAC] and New York market executive. The company also hired Edward Southerland as a director and ultra high-net-worth private banker in its Vancouver office. He was a senior client advisor with RBC Wealth Management.
MDT Financial Advisors, based in Houston, hired Allen L. Naugle as a vice president. He was an assistant vice president of wealth management at Merrill Lynch.
State Street Global Advisors [STT] announced that Lynn Blake, will take over as global head of index equity after Paul Brakke, a senior managing director and head of the global structured products group, retires at the end of the year. Blake, who joined SSgA in 1987, was head of non-U.S. markets in the global structured products group.
Wedbush Securities, based in Los Angeles, has expanded into Texas, with its first office in the state. The company hired John Wilkinson as a vice president and sales office manager. He was a vice president at Ameriprise Financial, based in Minneapolis. Sam Gordon also was hired as a vice president of investments. He was an advisor at Wells Fargo Advisors [WFC], and its predecessor Wachovia Securities. Wedbush also hired Mat Wilkinson as an investment executive. He was a financial advisor at Ameriprise.