Prudential Financial Appoints Managing Director, Head of Portfolio Strategy
Prudential Financial has hired Lisa Longino as managing director, head of portfolio strategy within the investment office. Longino replaces Alfred Lerman, who recently moved to a new role within Prudential’s investment office as head of the Individual Solutions Group.
Longino has 30 years of experience managing fixed income portfolios backing insurance liabilities. Previously, she held several leadership positions at MetLife, most recently as head of insurance asset management.
Cohen & Steers Appoints Cheigh as CIO
Cohen & Steers has appointed John Cheigh as chief investment officer. Previously, Cheigh was executive vice president and head of global real estate. Cheigh joined Cohen & Steers in 2005 as a research analyst after spending a decade as a real estate analyst and acquisition specialist.
Income Research + Management Appoints Bill O’Malley as CEO
Income Research + Management has appointed Bill O’Malley chief executive officer and co-CIO.. O’Malley joined the firm in 1994 and was elevated to the leadership team in 2001. In his new role as CEO, O’Malley will oversee the firm’s investment team, which he has led since 2007, and the client service team, which he has led since 2017. He will also oversee the operations, technology, human resources, and finance teams.
O’Malley will share responsibilities as co-CIO of the investment team with Jim Gubitosi, a senior portfolio manager and member of the management committee.
Sarah Kilpatrick, a senior portfolio manager and member of the management committee, has been appointed chief operating officer. Kilpatrick, who joined the firm 16 years ago, will continue to oversee investment and portfolio-risk functions and take on operations and technology. Jack Sommers will lead the executive committee and partner with O’Malley on long-term strategic initiatives while serving as client ambassador. He will continue to oversee the firm’s compliance function in his new role as executive chairperson.
Schroders Appoints 3 to New Roles
Schroders has appointed Phil Middleton head of institutional distribution in North America. Previously, Middletown served as head of UK distribution. Schroders also has appointed Tiffani Potesta chief administrative officer. She is responsible for business management, strategy, and will continue to oversee product and marketing. Schroders also has appointed Joel Schiffman head of intermediary distribution in North America. Previously, he served as head of US defined contribution and insurance sales.
First State Investments Names Global COO, Makes 3 Other Appointments
First State Investments announced it has made several appointments. Rob Scott has been named global COO. He will be based in Sydney until February 2020, when he will relocate to Hong Kong. First State also has elevated Justin Hourigan as global head of data, Lorraine Dryland as chief information security officer, and Ben Marks as chief audit officer. Hourigan and Marks are based in Sydney. They will report to Mark Steinberg, CEO of First State Investments.
The appointments follow the 2019 acquisition of FSI by Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of Mitsubishi UFJ Financial Group Inc.
Acadian Asset Management Appoints Young to CMO
Arcadian Asset Management appointed Kelly Young as executive vice president and chief marketing officer. Young will run the global client group and oversee business development, client and consultant relation teams across North America, Europe, Asia, and Australia. Young joined the firm in 2009 She will be based in Boston.
Tags: Acadian Asset Management, Cohen & Steers, First State Investments, Income Research + Management, Prudential Financial, Shroders