Bank of America Names Jones Head of Columbia

Bank of America has continued its recent wave of executive reorganization by promoting Michael A. Jones to lead mutual fund division Columbia Management.

Last month, the bank named Brian Moynihan as president of global corporate and investment banking, replacing Gene Taylor. Keith Banks, president of Columbia Management, took Moynihan's old job as head of global wealth and investment management.

"I am very confident that under Mike's leadership, Columbia will further build upon the strong foundation put in place over the last three years," Banks said. "This includes Columbia's streamlined and strengthened mutual fund lineup, featuring solid performance and lowered costs; enhanced institutional client and consultant capabilities; and an industry leading intermediary sales force."

Jones joined the bank in 2006 and was the head of distribution at Columbia, responsible for all sales channels. Previously, he served as co-president and senior managing director at Robeco Investment Management.

Faust Succeeds Hawkes as Eaton Vance Chief Exec

Thomas E. Faust, Jr. has succeeded James B. Hawkes as board chairman and chief executive officer of Eaton Vance.

Hawkes, 65, is retiring under the company's mandatory retirement policy and completes the succession plan set forth in January 2006.

During Hawkes' 11-year tenure as CEO, Eaton Vance's assets under management grew nearly tenfold to $158.1 billion today, and its stock had a total return of 1,989%, or 31.8% per annum.

Hawkes pioneered the development of many value-added investment products, including floating-rate bank loan funds, municipal bond funds, tax-managed equity funds, equity option income funds and the nation's first mutual funds to focus on China and India.

Faust, 49, joined Eaton Vance in 1985 as an equity research analyst and has served in a number of positions, including portfolio manager and chief investment officer.

"It is truly a privilege to assume the leadership of Eaton Vance from my long-time colleague and good friend Jim Hawkes," Faust said. "His vision, inspiration and integrity are evidenced in the great success the company has achieved under his guidance. The culture he has fostered at Eaton Vance is one that prizes teamwork, innovation and a commitment to excellence."

Scheckel Now With kasina As Director of Marketing

William Scheckel, previously chief of staff in the office of the global chief marketing officer at SAP, has joined kasina as director of marketing.

Like many of kasina's other consultants, Scheckel brings an eclectic background to the company. He was one of the founders of public opinion polling company Elisabeth Noelle-Neumann and worked in the civil rights division of the New Jersey Office of the Attorney General. He also lived in Germany for 10 years, where he started a marketing and communications firm serving a variety of Fortune 500 clients, including HSBC, Deutsche Bank and IBM, as well as the Office of His Royal Majesty King Carl Gustav XVI of Sweden.

"Will's unorthodox background demonstrates the kind of qualities we look for at kasina: strong intellectual curiosity and a range of experience that enables him to see old problems in new ways," said kasina Chief Executive Officer Steven Miyao.

(c) 2007 Money Management Executive and SourceMedia, Inc. All Rights Reserved.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.