Hub International strengthens its retirement capabilities with a new acquisition
International Hub Limited, a global insurance and financial services brokerage firm, announced that it has acquired the assets of the Fiducia Group. Terms of the transaction were not disclosed.
Based in Pittsburgh, Fiducia Group provides 401 (k) and pension advisory services to the corporate, Taft-Hartley, public and not-for-profit sectors. The company helps employers navigate the complexities of workplace pension plans with fiduciary support and investment advisory services and seeks to improve outcomes for pension plan members. The Fiducia Group manages more than $ 2.3 billion in assets.
Senior Director Charley Kennedy; James Bartoszewicz, Chief Compliance Officer and Director; and the Fiducia Group team will join the Pittsburgh team.
Hub Retirement and Private Wealth helps plan sponsors create an offering that aligns with their business strategy, manage fiduciary risk, and help employees pursue their financial goals. The several investment advisory affiliates registered with Hub Retirement and Private Wealth provide investment advisory services to clients with total assets of approximately $ 105 billion.
Carillon Tower Advisers appoints director of sustainable investment and corporate responsibility
Tour Carillon Advisors, a multi-store asset management company, announced that it has promoted Joy Facos at the head of sustainable investment and corporate responsibility. In this role, Facos will oversee the firm’s ongoing efforts to integrate environmental, social and governance (ESG) principles and the company’s commitment to meet client needs. In addition, she will lead the firm’s management committee and the ESG data working group.
In this position of broad leadership, Facos will continue to develop best ESG, proxy voting and corporate engagement practices in Carillon’s equity and fixed income investment strategies. In addition, she will co-lead the new Carillon Diversity and Inclusion Committee with Helaine Huntley, Head of Marketing Services, in conjunction with broader corporate responsibility initiatives at Raymond James, Carillon’s parent company.
“Our approach to business engagement with the companies we invest in is clearly leading to change for the better. Being an active participatory investor is essential in influencing the positive results that we and our clients want to see, ”said Facos. “In addition, I am proud to support our core workforce, workplace and community focused inclusion goals, which contribute to better outcomes for our firm and our clients.
Facos first joined Carillon in August 2020 as Head of Responsible Investment after a decade of experience advising asset managers on how to integrate ESG considerations into their investment processes. Most recently, she was a director at ESG Research Associates, and prior to that, she was a sustainable investment research analyst at Sentinel Investments. Facos was also previously Head of Risk Management and Head of Credit Research at Dwight Asset Management.
K&L Gates Adds Partner for Employee Benefits
Global law firm K&L Gates LLP welcomed Victor Chang like a partner in the field of social benefits, employee share ownership plans (ESOP) and executive compensation. He joins the K&L Gates office in Washington, DC from Jones Day.
An ERISA [Employee Retirement Income Security Act] and a tax lawyer, Chang has over 15 years of experience advising employers on complex employee benefits matters and representing tax-exempt organizations on regulatory, transaction and governance matters.
Chang advises both for-profit and non-profit / government employers on a wide range of benefits and compensation issues, including the design of welfare and pension plans, the implementation of voluntary corrections. program compliance, resolution of IRS and Department of Labor (DOL) audits, advice to plan committees on fiduciary affairs, manage payroll and employment tax issues, and manage a variety of employee benefits issues that arise in business acquisitions, divestitures and restructurings.
Chang’s practice of tax-exempt organizations focuses on private charitable foundations. He has provided tax and legal advice to several of the country’s largest private family foundations as well as corporate foundations of several Fortune 500 companies.
Mercer Appoints New Central Market Wealth Management Business Owner
Mercier named Sylvia Diez as entrepreneur of the central market, wealth. Based in Pittsburgh, his responsibilities include building brand and market awareness, driving revenue growth, and providing strategic direction to Mercer’s wealth management business in the company’s core market in the United States. United. She will report to Greg Martens, Senior Partner and CEO Central Market.
Diez brings to Mercer more than 20 years of institutional investment and pension experience. Most recently, she was Executive Vice President and Regional General Manager at PNC, where she led the company’s institutional asset management group in the Midwest and Western United States. She was Co-Chair of the Industry Diversity Equity and Inclusion (DE&I) Board of Directors and was the Executive Sponsor of the Collaboration with the Chartered Financial Analyst (CFA) Institute. Previously, she spent 10 years with Citi, starting as Account Relations Manager and moving to Regional Manager in the Southern California and Pittsburgh offices.
Diez received his bachelor’s degree from Robert Morris University.
AIG is recruiting a Global Head of Strategy and ESG
American International Group (AIG) announced that Constance Hunter will join the company as Executive Vice President, Global Head of Strategy and ESG early 2022. Hunter will report to Peter Zaffino, President and CEO, and will join the AIG management team.
Hunter joined AIG from KPMG, where she served as Chief Economist since 2013 and as a member of the Growth and Strategy leadership team since 2020. Previously, she was Deputy Director of Investments (CIO ) at AXA Investment Managers, where she helped lead the management of over $ 500 billion in fixed income assets.
Hunter is an expert in macroeconomic and industrial analysis and is recognized for being among the first economists to forecast key economic events, including the impacts of COVID-19 on the United States and other global economies, the crisis of 2007 real estate and credit and the 2001 dot-com bubble explosion. She holds a BA in Economics and Sociology from New York University, an MA from Columbia University’s School of International and Public Affairs, and a Chartered Business Economist designation.
Vontobel acquires a new activity serving American customers
Vontobel, an investment company, announced that it has signed a purchase agreement UBS Swiss Financial Advisers AG (SFA), a subsidiary of UBS AG, based in Zurich, Switzerland. With this acquisition, Vontobel seeks to further strengthen its platform offering its clients a global investment approach and geographic diversification. Vontobel, through Vontobel Swiss Wealth Advisors (VSWA), is a leading Swiss-domiciled provider of wealth management investment solutions for qualified US and Canadian investors.
Vontobel will combine SFA and VSWA, its existing activities serving North American wealth management clients. Preparations will begin after the transaction closes, which is expected to take place in the third quarter of 2022.
After the transaction, UBS will continue to refer its clients to the SFA, an investment advisor (RIA) registered with the Securities and Exchange Commission (SEC) and FINMA. [Swiss Financial Market Supervisory Authority]-a licensed securities firm, which offers American clients tailor-made investment solutions in a Swiss-based environment.
The transaction, which is subject to regulatory approvals, will be fully funded by cash on Vontobel’s balance sheet, backed by its strong CET1 and Tier 1 capital ratios. Additional financial details of the transaction were not disclosed.
HBL Recruits Orange County, California
Boutique Law Firm Employees Retirement Income Security Act (ERISA) Room Benefits Act welcomed Phil Koehler, ERISA Senior Advisor, to its legal team. Koehler brings to the firm a JD from the University of Southern California and an MBA, as well as 30 years of legal experience in tax and benefit plans.
The firm says the addition of Koehler gives HBL the advantage of having a physical presence on the West Coast, particularly in Southern California, where demand is particularly high for quality ERISA legal counsel.
In addition to his years of experience as an ERISA lawyer, Koehler has both accounting and teaching experience. In addition to teaching law students, Koehler has also designed and led training programs for Third Party Administrator Staff (TPAs) and external programs for plan sponsors.