Atlantic Fund Services has hired Marianne K. Smythe, former director of the division of investment management at the Securities and Exchange Commission, as an analyst of mutual fund products and other pooled investments. Smythe also worked at the SEC's division of market regulation, was deputy director of the Commodity Futures Trading Commission, taught law and was assistant provost at the University of North Carolina at Chapel Hill and was a partner and head of the investment management practice group at Wilmer Cutler Pickering Hale and Dorr. Smythe will continue as an independent trustee for The Rohatyn Group of Funds.
"Marianne's familiarity regulating investment companies and practical experience working with investment advisors are valuable assets for Atlantic and Atlantic's investment advisory clients," said Stacey Hong, president of the firm. "Despite post-2007 market volatility and increasing regulation, opportunities exist for asset managers. Product design and implementation are core disciplines where Marianne will provide a unique perspective."
SkyBridge Selects Segal as Risk Management Chief
Alternative investment firm SkyBridge Capital has hired 18-year investment services veteran Tatiana Segal as managing director and head of risk management. She was previously the chief risk officer and a managing director at Cerberus Capital Management. Before that, she was the CRO at Diamond Lake Investment Group and in charge of independent risk oversight of a portfolio of hedge funds at Citigroup Alternative Investments. While at Citi, Segal also served on the operational risk council and a number of fiduciary committees.
"Through thought leadership and deep knowledge of the financial industry and risk, Tatiana is uniquely positioned to broaden our investment oversight and make important strategic contributions as the firm continues to expand on a global scale," said Anthony Scaramucci, managing partner of SkyBridge Capital. "Already familiar with our products and value proposition, having previously worked with the team at Citi, Tatiana's knowledge and expertise will be invaluable."
Ashe Joins NY Life as Chief Financial Officer
Chris Ashe has joined New York Life Insurance Co. as chief financial officer of the retirement income security division and as senior vice president, reporting to Executive Vice President Chris Blunt.
In his new role, Ashe is responsible for overseeing all financial aspects of the business, including financial planning and reporting, product pricing, investment alignment and risk management.
Previously, Ashe was with Prudential Financial for 16 years, most recently as vice president of financial and strategic planning at Prudential Annuities. He also was Genworth Financial's retirement unit's chief financial officer and assistant controller and operations director at Wachovia Corp.
Great-West Hires Friel for East Coast Relationship Job
Great-West Retirement Services has appointed Daniel Friel as third-party administrator relationship manager for the Eastern region, responsible for Great-West's existing TPA relationships and for growing the firm's TPA-supported 401(k) business.
Friel comes to the firm from Daily Access Corp., where he was a relationship manager in institutional sales. He also spent nearly a decade in various service and analyst positions at Fidelity Investments.
"Dan brings exceptional skills in both sales and TPA relationship management to the position," said Bill Harmon, senior vice president of 401(k) sales at Great-West. "He has an excellent track record of developing plan sales through TPAs, brokers, advisers and banks."
Morgan Stanley Recruits Morgan Keegan Duo
Morgan Stanley Smith Barney has hired a two-member Morgan Keegan & Co. financial adviser team, Peter Korcusko and Frank Colucci, in Clearwater, Fla.
Korcusko and Colucci, who operate under the name Korcusko and Colucci Team, previously oversaw $104 million in client assets and had $1.13 million in annual fees and commissions.
The duo have been registered with Morgan Stanley Smith Barney since Sept. 13, according to their public registration records with the Financial Industry Regulatory Authority.
Korcusko had been employed with Morgan Keegan from February 2007, FINRA records show, and had also served for about three years at Amsouth Investment Services Inc. and one year at IFMG Securities Inc.
Colucci also joined Morgan Keegan in February 2007 and served at Amsouth for about three years. Before that, he was employed at American Express Financial Advisors Inc. for less than a year.
Korcusko and Colucci report to Branch Manager Brian Kilczewski. The Clearwater, Fla., branch is part of Morgan Stanley Smith Barney's Tampa Bay Complex led by Complex Manager Steven Freeman.
Morgan Stanley's Da Roza Now at BoA Merrill Lynch
Even as Bank of America braces for mass layoffs, its Merrill Lynch brokerage is still out for new producers as it hires Morgan Stanley Smith Barney financial adviser Antonio Da Roza to its San Francisco office. Da Roza previously managed $600 million in assets and had $1.81 million in annual fees and commissions.