People News Archives: 2016

Edward 'Ned' Johnson, Chairman of Fidelity Investments, the largest manager of money market funds, announced his retirement, according to The Boston Globe." Johnson pioneered the use of check-writing for money funds.

Mary Jo White announced plans to step down as Chair of the Securities & Exchange Commission.

Peter Schenck is a new Senior Vice President & Senior Liquidity Specialist at Northern Trust Asset Management. He was previously with BlackRock.

Jason Caruso, formerly with Credit Suisse, is now an Executive Director with Natixis.

Maura Walsh is now Portfolio Manager of the new Fidelity Inv MM Prime Reserves.

Money fund industry veteran Steve Everett is no longer with Northern Trust Asset Management.

As we mentioned in our June 8 News, "3 Money Fund Giants Retiring," Rich Hoerner, BlackRock's Co-​Head of Global Cash Management, will be retiring at the end of the year. We wish Rich well!

Chief Fixed Income Officer Mike Fields retired from American Beacon Advisors. He was a founding member and PM of American Beacon's Money Market Funds. We wish Mike well in retirement!

Federated Investors appointed Paul Uhlman Head of Sales and President of Federated Securities Corp. to replace the retiring Tom Territ. Federated President & CEO J. Christopher Donahue commented on Territ, "Tom was an important part of Federated's growth over many years.... I'd like to thank him for his dedication and many contributions over the past 33 years."

Howard Jonas has joined StoneCastle Cash Management as director of its institutional cash management business. Jonas was previously with BlackRock.

RBC Global Asset Management hired Patrick Drennan as Managing Director and Sales Representative of Liquidity Management.

Vanguard is seeking a Senior Taxable Money Market Trader based in Scottsdale, Arizona. Click here for details or e-mail Stephen Bianchi.

Barry Weiss left S&P and started with Kroll Bond Rating Agency. Standard & Poor's Ratings Services is seeking a Director to analyze funds. Contact Peter Rizzo for details.

State Street Global Advisors (SSGA) is seeking a Senior Sales Rep for its Global Cash Sales team to cover the Southeast U.S. Please contact Donald Cooley via email for more information.

Online money market fund portal veteran Vince Tolve is no longer with FIS Global (formerly SunGard).

RBC Global Asset Management is seeking a Midwest Sales Rep for its Liquidity Management team. E-mail MD John Donohue for details.

Charles Schwab Investment Management is hiring a Portfolio Manager for Taxable Money Market Funds in its Lone Tree, Colorado location. For more information, see: http://schw.jobs/LAUCi#4CSHM.

John McCarey has joined BNY Mellon Capital Markets as a VP on the Money Market Trading Desk. He was formerly with BofA Merrill Lynch.

UBS Global Asset Management is seeking a Junior Sales Professional for its Liquidity Management Business. Visit the "Careers" page (search for "Asset Management" and "New York") or e-mail Tom Cameron for details.

Guggenheim Securities hired Robert Zambarano as Macro Products Strategist. Zambarano was previously at the Federal Reserve Bank of New York.

As we mentioned in a Jan. 8 "Link of the Day," Vanguard announced that Tax-Exempt MMF Manager Pamela Wisehaupt Tynan is retiring. Justin Schwartz will take over as PM for Vanguard Tax-Exempt Money Market Fund.

State Street Global Markets' Fund Connect has hired John Downes as a Vice President. Downes previously worked for Bank of America Merrill Lynch.

Invesco announced the retirement of its Head of Global Liquidity, Lu Ann Katz. (See our Jan. 5 "News".) They add, "Tony Wong will assume business and strategic oversight for our Global Liquidity business.... Laurie Brignac, Head of Government/Short Duration/EMEA Portfolio Management and Senior PM, will assume responsibility for all portfolio management within Invesco Global Liquidity, working closely with Justo Gonzalez." It adds, "Esther Chance will take on new responsibilities as Head of IFI Platform."