He has worked for
Before being hired by Evergeen, He worked for
Dromer said O'Brien was hired to increase Aviva's institutional assets under management and that O'Brien will play "an important role as the primary local contact between Aviva Investors and our colleagues from the Aviva life and general insurance businesses in North America and, notably in this context, his strong understanding of fixed income investments, an asset class at the heart of our own business, will be particularly valuable."
Morgan Adds Drossos, Riguardi to Global Team
As part of its initiative to expand and develop its asset management business,
Edward Riguardi was also added to the unit as a member of its research team. He has worked for Morgan Stanley since 2008 as an analyst.
The two executive changes are part of Morgan Stanley initiative to expand its asset management business. The unit suffered heavy losses after the financial crisis.
JPMorgan Securities Hires Morgan Stanley $3M Team
The Lents had been at Smith Barney since 1993.
JPMorgan has been telling the industry since last year, through speeches and letters from CEO Jamie Dimon, that it plans to expand its advisory business. At a SIFMA speech last year, Dimon said the company will hire, but only at the top end. "If you're really really good, you should call JPMorgan and have them hire you," Dimon said at the time.
JPMorgan acquired about 350 advisers last year when it bought failed investment bank and brokerage Bear Stearns. JPMorgan Securities changed its name from Bear Stearns Private Client Service in January.
UBS Wealth Recruits Two Million-Dollar Partners
Martin McLaughlin, Sr. and Martin McLaughlin, Jr. have joined the Westport office of
They came over from
Meanwhile, John Walsh and Kenneth White joined UBS' office in Albany, NY. They came from
UBS has staked its future on a strategy of serving the very high-end clients and focusing mostly on the large metro areas. It had announced last week that it had recruited two other million-dollar advisor teams from rivals Morgan Stanley Smith Barney and Merrill Lynch.
Raymond Schmidtke joined UBS's Seattle operation from Morgan, and Nina Hakim was recruited to the Westfield, N.J., operation from Bank of America Merrill Lynch.
Last month, UBS snatched up two other Morgan advisers. Paul Gilman and Marshall Hagen joined the firm's Wealth Management Americas office in New York. Together, the pair previously oversaw $296 million in client assets and generated up to $2.6 million in annual fees and commission.
ETFS Marketing Selects Carter to Join U.S. Sales
ETFS Marketing, a division of
Carter has more than 20 years of experience in the financial services industry, most recently with
ETFS Marketing sells the ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust and ETFS Platinum Trust.