In this newly created position, Schaffernoth will work with Newport staff to develop and deploy a variety of new business process management initiatives, the company said .
Prior to joining Newport, Schaffernoth was a principal in Sungard’s wealth management global services. In that role, he consulted with clients on their operational environment, strategically assessing operations and services as well as managing client projects onsite. He also served as director of operations at Invesco, where he developed plan enhancements and improved functionality to ensure that large qualified retirement plans met agreed-on service levels.
Schaffernoth earned his bachelor’s degree in business administration from Appalachian State University in North Carolina. He also attended the University of North Carolina’s management development program.