New hires

Jul 25, 2005 @ 12:01 am

Babson Capital Management LLC in Cambridge and Springfield, Mass., has promoted Roger Crandall, 40, to chairman and head of corporate securities, from vice chairman. He was also ap-

pointed executive vice president and chief investment officer of the parent company, MassMutual Financial Group in Springfield, Mass. Mr. Crandall was a key contributor to major acquisitions for the firm.

Babson also has bestowed upon its president, Bill Glavin, 46, the additional title of chief executive. He joined Babson as chief operating officer in 2003 and has led the re-branding of the firm, responsible for building and developing Babson's distribution, operations, systems and finance areas. Mr. Glavin was named president in January.

Cliff Noreen, 47, was promoted to head of corporate securities. He was managing director and head of the investment-grade- and high-yield-public-corporate-bond group, and institutional-fixed-income team. As the leader of corporate securities, Mr. Noreen will oversee corporate-credit-related investments, including public and private bonds, mezzanine and private-equity investments, as well as structured-credit products.

The Hartford (Conn.) Financial Services Group Inc. has appointed Terry Walker, 45, senior vice president and chief information officer for its Hartford Life Inc. subsidiary in Simsbury, Conn. His role will include the management of enterprisewide technology projects such as risk management technology initiatives and the consolidation of technology infrastructure.

Mr. Walker formerly headed the technology area for Hartford Life's group benefits division.

The BISYS Group Inc. in New York has named James W. Nolan, 42, executive vice president of the fund services division, with responsibility for global marketing, client service and product development.

He previously worked in Wilmington, Del.-based PFPC Inc.'s Westborough, Mass., office, where he was senior vice president and managing director for global business development, including product development and distribution support services.

New York Life Insurance Co. has promoted Scott L. Berlin, 36, to senior vice president in charge of the individual-life department. He is responsible for the development, sales, marketing and financial performance of a full line of retail and corporate life insurance products designed to meet the needs of a broad range of consumers.

Mr. Berlin joined New York Life in 1990 as an actuarial student. He became an actuary in 1996 in the individual-life department, was promoted to corporate vice president in 2002 and most recently served as vice president responsible for advanced market products.

AIG Financial Products Corp.in Wilton, Conn., has hired Karen Fang, 29, as a managing director in its investor coverage group and Thomas Bruch, 45, as a managing director in its hedge fund coverage group.

Ms. Fang's responsibilities concern the firm's products and capabilities to money managers, pension funds, foundations and endowments. She joins the firm from the New York and London offices of Frankfurt, Germany-based Deutsche Bank AG, where she was a director of the equity derivatives structured-products group.

Mr. Bruch

will focus principally on strategic

corporate-finance opportunities with the firm's hedge fund clients. He formerly covered hedge funds at Morgan Stanley in New York for a wide range of execution products as well as customized financing solutions.

NorthRoad Capital Management LLC in New York has hired Charles D. Saunders, 43, as a principal. He will be responsible in part for investment decisions regarding NorthRoad's international- and global-concentrated-equity portfolios.

Mr. Saunders, a chartered financial analyst, was with the State of Wisconsin Investment Board in Madison, where he was responsible for the pension plan's international-equity fund.

The New York Stock Exchange has appointed Mark H. Wille, 48, vice president, market development. He will be responsible for various elements of NYSE hybrid-market development.

Mr. Wille was the head of product and project management with International Securities Exchange Inc. in New York. From 2000 to 2002, he was with Knight Trading Group Inc. in Jersey City, N.J., most recently as vice president, trading systems.

Davidson Investment Advisors Inc. in Great Falls, Mont., has appointed Tom Rath, 46, senior portfolio manager. He will administer the firm's small-/mid-cap-value investment strategy from its Seattle office.

Mr. Rath most recently served as vice president and senior portfolio manager at Seattle-based SAFECO Asset Management, where he ran a proprietary equity portfolio for the firm's employees' 401(k) plan.

J. & W. Seligman & Co. Inc. in New York has hired J. Eric Misenheimer, 42, as senior vice president and leader of the high-yield team. He will serve as portfolio manager for the Seligman High-Yield Bond Fund and the Seligman Horizon US High-Yield Bond Fund, a Luxembourg-based fund created specifically for non-U.S. investors, as well as manage the high-yield assets of the firm's institutional clients.

Mr. Misenheimer was a senior vice president, director of taxable high yield, for Chicago-based Northern Trust Global Investments for the last six years. In this role, he served as management team leader of the Northern Trust High Yield Bond Fund.

Citizens Advisors in Ports-

mouth, N.H., has hired Michael Gallipo, 35, as co-

portfolio manager on small-cap-growth strategies and lead portfolio manager on the mid-cap-growth strategies.

He previously ran more than 200 general-equity and fixed-income portfolios for Portland, Maine-based TD Banknorth Inc.'s wealth management group in Concord, N.H. While at TD Banknorth, Mr. Gallipo served as co-head of institutional strategy and sat on the mutual fund committee that created the mutual fund model for the bank.

Third Wave Global Investors LLC in Greenwich, Conn., has hired Jie Ding, 28, as a senior quantitative analyst. She is responsible for researching new areas of enhancement for the firm's quantitative models.

She recently completed her doctorate degree in astronomy and astrophysics from Pennsylvania State University in University Park.

Kern Capital Management LLC in New York has hired Aaron E. Kilberg, 43, as managing director/ principal of marketing and client services. He will market the firm's investment strategies and capabilities to wealthy individuals, family offices, institutions and consultants, as well hold the responsibility of servicing all client relationships.

Mr. Kilberg previously worked at William D. Witter Inc. in New York, where he was managing director/partner of marketing and client services.

Washington Asset Management Inc.in Bellevue, Wash., has promoted Brian DiJulio, 43, to president and chief operating officer, from managing director and executive vice president of sales. He is charged with the overall leadership and direction of the firm. He also has chosen to affiliate his Pacific Northwest Financial Services Inc. firm with The Concord Equity Group LLC in Matawan, N.J., and The Bank of New York Co. Inc.'s Pershing division. Mr. DiJulio now owns a majority stake in the 13-year-old company.

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