Deloitte Consulting has promoted Elizabeth Krentzman from principal to head of its mutual fund practice, a new position at the firm that oversees its auditing, tax, financial advisory and consulting businesses for the fund industry.

Krentzman reports to head of the asset management services practice and Vice Chairman Cary Stier.

"Mutual funds have always been a cornerstone of the industry for both institutional and retail investors," Stier said. "But the lessons learned since the economic shakeup in 2008 have taught us that even the stalwart must innovate. Elizabeth's substantial-and exceptional-mutual fund experience enhances our ability to meet emerging marketplace demands and reinforces Deloitte's leadership position in the industry. Her business insights will be invaluable to our clients and our team."

Commenting on her new role during the current economic environment, Krentzman noted: "The mutual fund industry has remained stable despite the turbulence in the financial markets. As a result, mutual fund managers can focus on fine tuning their businesses through increased efficiencies, expanded risk management, streamlined operations and advanced technologies. Deloitte is committed to continuing to help the industry flourish."

This is Krentzman's second stint at Deloitte, having been a principal and national director for the firm's asset management services regulatory consulting practice from 1997 to 2004. From 2004 to 2007, Krentzman was the Investment Company Institute's general counsel. From 1991 to 1997, she was head of the office of disclosure and investment advisor regulation at the Securities and Exchange Commission's division of investment management.

Earlier in her career, Krentzman was an associate at Ropes & Gray and Elias, Matz, Tiernan & Herrick.


Vaughan Back at Dechert As Financial Services Atty.

After two years as a senior private fund policy advisor at the Securities and Exchange Commission's division of investment management, David A. Vaughan has returned to Dechert LLP, as a partner in the financial services group.

"We are pleased to have David back at Dechert," said Joseph R. Fleming, co-chair of the firm's financial services practice group. "His insight into the SEC will be of great value to our clients."

While at the SEC, Vaughan played a leading role in developing Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Volcker Rule and the European Union's Alternative Investment Fund Managers Directive.

"It was a privilege to serve on the SEC staff during such an interesting and critical time in the development of our regulatory system for hedge funds and private equity funds," Vaughan said. "I am delighted to be rejoining Dechert to help advise our clients on these important changes."

Vaughan originally joined Dechert as an associate in 1997 and became a partner in 2000.


Lincoln Financial Selects Tooley for Insurance Post

Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, has promoted Tom Tooley from national sales manager of the independent planner channel to head of insurance solutions distribution.

Tooley reports to LFD President and Chief Executive Officer Will Fuller.

Tooley joined Lincoln in 2010 and was previously a senior sales executive for life insurance at The Hartford. Earlier, he held leadership positions with Travelers Life & Annuity, Smith Barney, Citigroup and Aetna Life & Casualty.


Carson Wealth Recruits Carson, Foster for Research

Carson Wealth Management Group, an independent investment and wealth management firm based in Omaha, Neb., has named Brett Carson as its new director of research and brought on Aaron Foster as a financial analyst.

Carson joins Carson Wealth Management from GARP Research, where he served as an equity analyst. Foster most recently worked as an investment analyst at Bridges Investment Management.


Wells Wealth Managers Jump Ship, Join Evercore

Evercore Wealth Management in New York has recruited a team of portfolio and asset managers from a division of Wells Fargo Bank to staff its new Midwest regional headquarters in Minneapolis.

The company has hired six new partners to run the new office, five of whom were most recently employed by Lowry Hill, an asset-management firm based in Minneapolis and owned by Wells Fargo.

The office will be co-managed by Martha Pomerantz and Julie Krieger. Joining them are wealth advisers Stacie Price and Pam Lundell and portfolio manager Michael Suppelt. The sixth member of the team is Jason Anderson, who will be in charge of IT. He was previously the chief technology officer at an investment advisory firm.

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