Two investment firms have announced appointments to bolster their investment strategy capabilities.
The $1.3 trillion Northern Trust Asset Management has appointed Gary Paulin as chief investment strategist, International and Joseph Tanious as chief investment strategist, North America.
Paulin has been with the firm for nine years, most recently heading up international enterprise client solutions, but with more than 25 years of experience in asset management and capital markets, including in the UK and New Zealand. He was previously with equity brokerage Aviate Global LLP which was acquired by NTAM in 2016.
Tanious is a new hire, previously a managing director and head of portfolio strategy and construction at Bessemer Trust. Also a 25-year veteran of the investment industry, he has held roles at JP Morgan as a global market strategist, and with Wells Fargo Asset Management as an institutional sales professional.
The duo will be responsible for helping to build market views among NTAM’s investment team in equities, fixed income, multi asset, and alternatives. They will also work on research into new and burgeoning investment instruments and strategies and work with teams in institutional, family office, and wealth client groups to implement insights.
They will report to global co-chief investment officers Michael Hunstad and Chris Roth.
“Gary and Joseph have deep capital markets expertise and a keen understanding of the trends shaping global markets. Their expertise will be invaluable as we support our clients through changing market environments and evolving risk profiles,” Roth said.
Meanwhile, at Russell Investments, Paul Eitelman has been appointed global chief investment strategist. He has been with the firm for 10 years and was most recently chief investment strategist for North America.
His 20 year career includes more than three years as vice-president and senior economist at JP Morgan Private Bank in New York and two years as a senior research assistant at the Federal Reserve Board.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
