Retirement Industry People Moves
First Eagle’s Retirement Investment Solutions Group Takes Off; Wagner Law Group Adds Partner; and more.
First Eagle Reveals Retirement Investment Solutions Group
Investment Management has launched the Retirement Investment Solutions Group with new hire Michael Rosenberg as the head. The group will bring together financial advisers, investment
consultants, and retirement plan recordkeepers to deliver investment solutions
to plan sponsors, plan participants and individual retirement savers. It will
meet this task while working closely with the firm’s retail and institutional
Leading the initiative, Rosenberg will draw from his
experiences with Prudential Investments, where he served as executive vice
president and director of investment-only defined contribution. He was
responsible for sales to plan sponsors, consultants, intermediaries and
retirement platforms. Prior to joining Prudential in 2007, Rosenberg spent nine
years with Goldman Sachs Asset Management, where he was director of retirement
services. He also spent 11 years marketing retirement plan services at ABN
“I’m delighted to be joining First Eagle, where I’ve been
impressed not just by the talent and track record of the investment teams, but
equally by the deep commitment to clients that permeates the entire
organization,” says Rosenberg. “First Eagle has both the ability and the drive
to help retirement savers meet their goals.”
First Eagle is an independent investment management firm with a focus on active, fundamental and benchmark-agnostic
investing, with a strong focus on downside protection. First Eagle’s investment
capabilities include equity, fixed income and multi-asset strategies.
NEXT: Wagner Law Group Adds Partner
Law Group Adds Partner
The Wagner Law Group, one of the nation’s top ERISA employee-benefits
firms, has hired David Pickle as a
Pickle’s work has focused on various
aspects of ERISA Title I provisions including prohibited transactions and
exemptions, as well as reporting and disclosure rules. He has specialized in
advising clients with respect to investment management services, investment
transactions, mergers and acquisitions, and Department of Labor (DOL)
investigations. His clients have also include plan sponsors and
investment-related service providers. He’s formerly a partner at the law firm
of K & L Gates.
Pickle also taught a graduate level
course on ERISA fiduciary rules as an adjunct professor at Georgetown University
Law Center. He received an AB from Carleton College and JD from University of
Kansas School of Law, where he also served as a note and comment editor for the
Kansas Law Review.
NEXT: Verit Advisors Hires New Associate
Advisors Hires New Associate
Neal has joined Verit Advisors as an associate in its Chicago office. Neal
will contribute to Verit’s conversion and transaction execution team with an
emphasis on mergers and acquisitions, ESOP advisory, and valuation services.
Prior to joining Verit, Neal worked at Robert W. Baird
& Co., where he served as a member of Baird’s investment banking division
within the Technology & Services Group. He focused on merger/acquisitions and capital-raising
transactions. Neal graduated from Washington University in St.
Louis, where he received a bachelor’s degree in economics along with a second
major in finance.
Verit also announced that Jake Cravens has been promoted to associate. Cravens joined Verit in 2015 as an analyst.
Verit Advisors combines middle-market investment banking
capabilities, ESOP services, debt capital
market support, mergers and acquisitions, valuation services and board advisory
NEXT: LGIM Expands Leadership Roles
General Investment Management (LGIM) has
announced the appointment of Anton Eser as chief investment officer and Aaron Meder as CEO of Legal & General Investment Management America (LGIMA).
transition into the role in the next few months and will be based in Chicago.
He joined the firm in 2010. Later, he was promoted to serve as head of investments. .
Eser is currently co-head of LGIM’s global fixed-income business and he will succeed Meder after
he takes on his new position in Chicago. Eser joined LGIM in 2006, and has played
a key role in expanding its fixed income offering with a team of more than 70
Colin Reedie, currently head
of euro credit business, will replace Eser as co-head
of global fixed income, alongside John Bender, also CIO of U.S. fixed income.
John Bender has
been acting as interim CEO of LGIMA since the departure of Robert Moore in
September this year. Javier Simoneditors@assetinternational.com
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