Cieszko Now Senior VP at American Century

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.

Cieszko comes to American Century from Fidelity Investments Institutional Services Company, where he was president of the $366 billion business unit. Before joining Fidelity, Cieszko was president and chief executive officer of Evergreen Investments, the investment management arm of Wachovia, later purchased by Wells Fargo. Before that, Cieszko was head of U.S. distribution at Legg Mason and also served as head of U.S. retail and the high-net-worth businesses of Legg Mason's predecessor firm, Citigroup Asset Management. Throughout his 25-year financial services career, Cieszko has held various senior leadership positions with Nuveen Investments, Montgomery Asset Management, E.F. Hutton and Merrill Lynch.

"Peter brings invaluable experience and an exceptional track record leading asset management distribution businesses," Green said. "He is a widely respected industry veteran with significant distribution and product experience encompassing traditional and alternative asset classes."

 

Gohlke Retires After 35 Years at the SEC

Gene Gohlke has retired as associate director for examinations in the Securities and Exchange Commission's Office of Compliance Inspections and Examinations after more than 35 years of public service at the SEC.

"Gene's career at the SEC has spanned five decades, and he will be sorely missed," said Carlo di Florio, director of the Office of Compliance Inspections and Examinations. "The Commission and the investment management industry have benefited enormously from his extensive knowledge of the securities laws, his deep understanding of the investment management exam program, and his keen insight into the investment management business."

Norm Champ, OCIE's deputy director, will serve as acting associate director of the office until a successor for Gohlke is named.

Gohlke joined the agency in 1975 as a staff accountant in the Division of Investment Management. He went on to hold the positions of examination program coordinator, chief financial analyst and assistant director in the division before becoming associate director in 1986. He moved on to an associate director position in OCIE when it assumed responsibility for the examination program.

Gohlke served under 10 SEC chairmen and was acting director of the Division of Investment Management in 1990.

Gohlke said: "I have been privileged to have the opportunity to help shape the regulatory regime that fostered the evolution and growth of mutual funds during a period of momentous change for investors, investment management and the financial markets." In 1979, Gohlke authored guidance on the use of leveraged instruments by mutual funds and helped craft the rulemaking in 2003 that requires investment companies to appoint chief compliance officers.

 

Gariboldi Joins Accounting Division at U.S. Bancorp

Chuck Gariboldi has joined U.S. Bancorp Fund Services as vice president and fund operations manager, in charge of daily operations in the fund accounting division. Gariboldi will also work with other divisions of the company to ensure accounting operations and policies meet evolving client and industry trends.

"Our goal is to find and retain the best talent in the industry," said Dana Armour, senior vice president and director of the fund accounting division at U.S. Bancorp. "Chuck is a seasoned expert who brings an incredible amount of insight, best practices and knowledge to our operations and clients."

A 20-year veteran of the financial services industry, Gariboldi was previously treasurer of First American Funds at U.S. Bank. Before that he was senior vice president of investment accounting and fund treasurer at Thrivent Financial for Lutherans and a senior fund accountant at State Street.

 

BofA Merrill Lynch Hires Bolz as Relationship Mgr.

Bank of America Merrill Lynch has hired Cathy Bolz for the Institutional Client Relationships leadership team as an executive client relationship manager, reporting to Kevin Crain.

This is a newly created role, where Bolz, who has over 25 years in the financial services industry, will be responsible for senior level relationship management for a small number of the firm's largest existing institutional retirement clients. Bolz previously worked for BlackRock, where she most recently served as a managing director responsible for leading the company's employee benefit programs. In her role at BlackRock, she also served as a member of the Institutional Retirement Client Advisory Council. Before joining BlackRock, Bolz spent 10 years in senior human resources and benefits roles at Morgan Stanley and Merrill Lynch.

"Cathy's extensive experience working with plan sponsors and within HR and benefit organizations brings a depth of knowledge and skills to our team that will help us to drive growth, and highlights our commitment to delivering the highest level of service to clients," Crain said.

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