An Oppenheimer news release said Carey will begin September 21 while Willis starts her new position October 1. Carey will be responsible for OFI’s intermediary distribution and its retirement plans, 529 college savings, institutional, RIA, and separate account businesses.
In addition to their strategic roles, Oppenheimer said Carey and Willis will lead the completion of efforts to streamline marketing and distribution functions in various business lines.
Carey will join Oppenheimer from Bank of America where he was managing director of distribution and relationship management in the company’s Institutional Retirement, Philanthropy & Investments division, which provides retirement and benefit plan services, philanthropic management and investment guidance to institutional, non-profit and high net worth clients. He also spent 14 years at Fidelity Investments before joining Bank of America in 2007 (see Bank of America Names New Retirement Solutions Head ).
At Fidelity, Carey was President of the Institutional Retirement Services Company and of the Registered Investment Advisor Group. Carey also led national account management for the division that distributes Fidelity Advisor Funds and other investment products through intermediaries. He is a graduate of Bates College.
According to the news release, Willis joins the company from Fidelity Investments where she worked for 25 years. Her most recent role was executive vice president, Investment Product Management in the Fidelity division that distributes mutual funds and other products through intermediaries.
During her career at Fidelity, she also led the development and relaunch of Fidelity’s Retirement Income program across multiple business lines, managed the Fidelity Retail group’s mutual funds business (the direct-sold Fidelity Funds and the multi-manager Fidelity FundsNetwork program), developed an integrated intermediary distribution strategy combining database marketing, telephone sales and electronic communications, and created the industry’s first mutual fund with a multiple share class structure.
She is a graduate of Sewanee: The University of the South.
OFI’s Corporate Communications, Marketing and Investment Brand Management departments will report into Willis.
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