He joins the firm from State Street Global Advisors, where he held the role of senior managing director, team leader. With more than 35 years of industry experience, he has also worked for Putnam Investments and Fleet Financial Group.
“Larry’s wealth of relationship-building experience will prove an important addition to our team in North America,” says Jack Boyce, managing director, head of North American Distribution. “In charge of strengthening our client service model, Larry is well-suited to further build our Strategic Relationship capabilities, as we seek to enhance existing and develop new and enduring relationships.”
NEXT: OppenheimerFunds Expands Beta Solutions Team
Mazza joins the firm from State Street Global Advisors where he served as head of ETF and mutual fund research. He spent 12 years with the firm assuming various management roles. He also developed thought leadership and research that expanded SSGA’s ETF business.
OppenheimerFunds has also hired new ETF specialists including Alex Depetris, chief operating officer of Beta Solutions, and Mo Haghbin, head of product, Beta Solutions. They joined Michael Eschmann, OppenheimerFunds’ Beta Solutions head of Capital Markets; and Vince Lowry, lead portfolio manager of the firm’s Revenue Weighted offerings.
“We’re delighted that Dave joins our industry-leading team,” says Sharon French, head of Beta Solutions. “Dave brings great ETF insights to our expanding business, and that coupled with our Distribution team’s client-centric approach, makes a powerful combination toward serving our end-investors.”
NEXT: Putnam Investments Expands Small-Cap Equity Practice
Value investor David Diamond will become co-portfolio manager of Putnam Small Cap Value Fund, He is the founder of Boston-based High Rock Capital and a senior portfolio manager with The Boston Company. In his new role at Putnam, Diamond will work closely with co-manager Eric Harthun, who will be retiring from Putnam at the end of 2017.
“The global small cap equity universe offers many interesting opportunities for an active manager who fully utilizes fundamental research,” explains Aaron Cooper, CIO of Equities at Putnam Investments. “We are making a number of moves to further enhance Putnam’s investment capabilities in the small cap equity area, which we think has the potential to be a real bright spot for the firm and our clients.
Bill Wiese will be coming on board the research team as a small cap value analyst. Putnam Capital Opportunities Fund will be managed by members of the small cap research team, led by co-director of Equity Research Kate Lakin. The current portfolio manager, Pam Gao, will be leaving the firm at the end of March 2017. Bill Monroe will assume management of Putnam Small Cap Growth Fund effective March 31, 2017, replacing Pam Gao.
“Putnam has great confidence in the team and approach that has been put in place in the small cap equity area to mine compelling long-term investment opportunities around the globe,” says Cooper.
NEXT: TCW Hires Senior Account Manager in Client Service
TCW Hires Senior Account Manager in Client Services
Timothy Bitsberger has joined the TCW Group, a global asset management firm, as the company’s managing director and senior account manager in the Client Services Group. Bitsberger will work to enhance client relationships with significant institutions throughout the globe.
Bitsberger has more than 30 years of industry experience behind him. He served as head of Official Institutions Coverage for the Americas at BNP Paribas, and as the treasurer for Freddie Mac. He also was the deputy assistant secretary for the U.S. Department of the Treasury. Bitsberger began his career as a derivatives trader at Drexel Burnham Lambert. Bitsberger earned his master’s degree from Harvard University and a bachelor’s degree from Yale University. He is a member of the Board of Directors of the Chicago Mercantile Exchange and the International Research & Exchange Board.
“TCW has seen significant growth in both mutual fund and separate account assets, and it remains a top priority to ensure we maintain strong relationships with both existing and new clients,” says Patrick Moore, group managing director and head of client services. “Tim brings a wealth of experience from both the public and private sector and a deep understanding of the needs of institutional investors that will certainly enhance our ability to be a value-added partner to our clients.”
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