People Moves: Diamond Hill, PIMCO, Pioneer, Franklin Square…

People Moves Diamond Hill, PIMCO, Pioneer, Franklin Square...In this edition of People Moves:

  • Diamond Hill Announces Management Changes
  • Seidner Replaces Parikh as PIMCO Unconstrained Manager
  • Pioneer Names New U.S. Heads of Intermediary Distribution and Marketing
  • BNY Mellon Names New Global Head of Client Service Delivery
  • Prudential Names Replacement for Retiring Head of Strategic Solutions
  • Berta Aldrich Named Chief Marketing Officer of Franklin Square

Diamond Hill Announces Management Changes

Diamond Hill rang in the New Year with a new Co-CIO. Austin Hawley, a 15-year industry veteran who joined Diamond Hill in 2008, replaced Chris Bingham as the firm’s Co-CIO, and now serves in that position alongside Chris Welch. Together, Mr. Hawley and Mr. Welch are responsible for communicating Diamond Hill’s investment philosophy and process.

Prior to his promotion, Austin Hawley was one of Diamond Hill’s Co-Directors of Research. He has been replaced in that capacity by Jason Downey and John Loesch, who will provide “internal research team leadership” and “facilitate research team tasks and decision-making.” Mr. Hawley’s former fellow Co-Director of Research, Rick Snowden, has also been replaced.

All of the above changes were announced in a January 2 press release and took effect January 1.

Seidner Replaces Parikh as PIMCO Unconstrained Co-Manager

When Bill Gross shook up the fixed-income world by leaving PIMCO on September 26, Saumil Parikh took his place as a lead manager of the PIMCO Unconstrained Bond Fund. Now Mr. Parikh has left the firm, according to a January 13 Bloomberg report.

The Unconstrained Bond Fund continues to be co-managed by Mohsen Fahmi and Daniel Ivacyn, who were co-managers alongside Mr. Gross and then Mr. Parikh. Mr. Parikh’s replacement as lead manager of the fund is Marc Seidner.

Mr. Seidner previously worked at PIMCO until leaving the firm in January 2013. He exited the firm in the wake of Mohamed El-Erian’s departure, who reportedly left after clashes with Mr. Gross.

Pioneer Names New U.S. Heads of Intermediary Distribution and Marketing

According to a January 6 press release, Pioneer Investments named Mark Spina its new Head of U.S. Intermediary Distribution and Erik Gosule its new Head of U.S. Marketing and Product Development. Mr. Spina’s appointment took effect January 5, while Mr. Gosule has been serving in his new role since December 15.

Both Mr. Spina and Mr. Gosule will report directly to Pioneer CEO Lisa Jones. Of Mr. Spina, Ms. Jones says he “has extensive experience across all channels and a demonstrated track record of enhancing partnerships with clients” and that she is “confident that with Mark’s leadership, Pioneer will work closely with our clients to enhance our partnerships across these channels.” Of Mr. Gosule, Ms. Jones says his “breadth of investment experience, ranging from product development and management to marketing and consultant relations, makes him well suited to expand our suite of investment solutions and to better communicate the merits of Pioneer’s capabilities to the marketplace.”

Before joining Pioneer, Mr. Spina was Head of Intermediary Distribution at Voya Investment Management, a role he held since 2008. Before Mr. Gosule joined Pioneer, he was Head of Client and Product Solutions at PanAgora Asset Management.

BNY Mellon Names New Global Head of Client Service Delivery

Douglas Shulman has been named BYN Mellon’s new Senior Executive Vice President and Global Head of Client Service Delivery (CSD). In this capacity, Mr. Shulman will lead the CSD group’s 18,500 employees in “driving excellence and becoming the recognized industry service quality and productivity leader.” Mr. Shulman also joined BNY Mellon’s executive committee, which is the firm’s most senior governing body.

In addition, the January 7 press release announcing Mr. Shulman’s hiring also announced Dan Kramer’s appointment as BNY Mellon’s Vice President of CSD. Mr. Kramer joined BNY Mellon from JP Morgan, where he was a managing director and head of Fund Services Operations and the Fund Services business.

Prudential Names Replacement for Retiring Head of Strategic Solutions

Prudential Financial announced the retirement of Kevin Myers, senior managing director and head of the Strategic Solutions Group (SSG) in a January 8 press release. Mr. Myers’ retirement will take effect in July, at which time he’ll be replaced by Sylvia Pozezanac.

“Kevin has had a significant impact on Prudential’s institutional businesses over his 25 years with the company and he is broadly admired for the way in which he has cultivated change and growth,” said Prudential’s COO of U.S. Business, Stephen Pelletier. “I am grateful for all that he has done over his years of distinguished service.”

Ms. Pozezanac currently reports to Mr. Myers and will continue to do so until she replaces him; at which point, she’ll report to Mr. Pelletier. “As a direct report of Kevin’s, Sylvia has been a significant contributor to the SSG since joining the firm,” Mr. Pelletier said. “Her experience at Prudential, coupled with her deep industry knowledge, positions her to lead the team to much continued success in the future.”

Berta Aldrich Named Chief Marketing Officer of Franklin Square

Berta Aldrich has joined Franklin Square as the firm’s new Chief Marketing Officer, according to a January 12 press release. Mr. Aldrich joins Franklin Square after 10 years with Vanguard, where she held a variety of marketing positions.

Franklin Square CEO Michael Forman says Ms. Alrdich is a “highly respected marketer and educator in our industry,” and that her addition to the firm will further strengthen its “position as a leader in alternative investments.”

“Franklin Square is a leader in providing individual investors access to alternative investments historically reserved for large institutions,” Ms. Aldrich said. “I am excited to join such an innovative, dynamic firm.”

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