Retirement Industry People Moves

New York Life names new CIO; GW&K creates general counsel position; Pentegra appoints new VPs of Compliance and Consulting; and more.

New York Life Names New CIO

Tony Malloy has been appointed to the position of chief investment officer for New York Life. He will be responsible for all assets backing the company’s guarantees and obligations.

Malloy spent the past five years serving as head of the organization now known as NYL Investors, which oversees more than $225 billion in fixed income and real estate investments on behalf of policy owners, clients and select strategic partners. He will continue to hold the title of chief executive officer of NYL Investors.

Malloy will report to New York Life President John Kim, who served as CIO beginning in 2010. Malloy also will join New York Life’s Executive Management Committee (EMC), which is headed by New York Life Chairman and CEO Ted Mathas.  

“The chief investment officer role is especially critical in a mutual insurance company given our long-term financial orientation and singular focus on being there for our policy owners whenever they need us,” says Kim.

Malloy has more than 25 years of investment management experience behind him. He joined New York Life in 1999 and previously served as senior managing director, head of fixed income. Prior to New York Life, Malloy held various positions in lending, risk management and debt capital markets at other financial institutions. He received a bachelor’s degree from Middlebury College and holds a master’s degree from New York University.

NEXT: GW&K Creates General Counsel Position

GW&K Creates General Counsel Position

GW&K Investment Management (GW&K) has appointed Lewis Collins to the newly-created position of general counsel. He is tasked with managing the firm’s legal, regulatory and compliance matters.

Before joining GW&K, Collins served as senior vice president and senior counsel at Affiliated Managers Group, where he oversaw U.S. legal and regulatory compliance for AMG Affiliates across a broad range of areas including investment management, employment, real estate, and licensing. Previously, he was an attorney in the corporate department of Ropes & Gray, where he represented various clients including investment management firms, mutual funds and sports organizations. 

“As the firm continues to mature, and in a world of increasing complexity, we are focused on supporting our business with highly talented experts who can make an immediate contribution,” says Thomas Powers, partner and co-president of GW&K. “Lewis has been actively involved with our legal and compliance activities for the past eight years through our partnership with AMG, and now as part of GW&K’s team, he will be a valuable resource as we move forward.”

A member of the Massachusetts Bar Association, Collins earned a bachelor’s degree from Williams College and a Juris Doctor degree from the University of Michigan Law School. He is active in investment industry organizations including the Investment Adviser Association and the Investment Company Institute.

NEXT: Pentegra Appoints New VPs of Compliance and Consulting 

Pentegra Appoints New VPs of Compliance and Consulting

Pentegra Retirement Services, a provider of retirement plan and fiduciary outsourcing solutions to organizations nationwide, announced the promotions of Lars Ernst to assistant vice president, Regulatory Compliance and Thomas Leder to assistant vice president, Consulting Services.

Ernst joined the firm in 2015 when he filled the newly created position of director of regulatory compliance. Now, he is charged with ensuring that Pentegra and its subsidiaries remain in compliance with all federal and state regulatory requirements.

He serves as the chief compliance officer of Pentegra’s broker/dealer and registered investment adviser, chief privacy officer and anti-money laundering compliance officer. Ernst brings to his new role more than 10 years of experience in the financial services industry.  Prior to joining Pentegra, he served as head of operations and compliance for the sales and trading arm of the investment bank Fieldstone Private Capital Group. He has also held positions at UBS and SS&C GlobeOp. He holds a bachelor’s degree from Columbia University along with FINRA Series 7, 24, 63, and 99 licenses.

Leder joined Pentegra in 2006 as a senior consultant. In his new role, he will lead a team of consultants while working to develop effective plan design and benefit compensation. He will also be tasked with building employee awareness and appreciation for retirement programs.  Prior to joining Pentegra, Leder served as retirement services district manager at ADP Retirement Services. He has also worked for Alliance Capital Management and American Express Financial Advisors. Leder earned a bachelor’s degree in economics from Colgate University, and holds FINRA Series 6 and 63 licenses.

“Both Lars and Tom are integral to the success of our organization and are highly valued members of our team,” says Pentegra President and CEO John Pinto. “Our organization continues to benefit from their knowledge, experience and dedication. I am very pleased that Pentegra has been able to contribute to and benefit from their professional development and success.” 

NEXT: Sheridan Road Hires Managing Director 

Sheridan Road Hires Managing Director

Sheridan Road Financial, an institutional consultant and private wealth management firm, has hired Randy Grose as its new managing director. He will perform detailed analyses of corporate and individual retirement plans before outlining appropriate strategies to generate successful retirement outcomes.

Grose has specialized in retirement plan consulting for more than 20 years. Before joining Sheridan Road, he served as a senior pension consultant with Arthur J. Gallagher. He was also a pension sales representative with Standard Insurance. 

Grose holds his FINRA Series 63 and 7 with LPL Financial and Series 65 with Sheridan Road Advisors. He also is an Accredited Investment Fiduciary (AIF). He earned a bachelor’s degree in industrial management from Indiana State University and a master’s degree from the University of Denver.

Grose joins the Denver team along with Mark Tonelli and Rob Johnson.

“Randy has a long history of working with Mark and Rob and he will help drive our continued success across Colorado and the entire region,” says Managing Partner Daniel Bryant.

NEXT: CalPERS Re-elects Key Members  

CalPERS Re-elects Key Members

The California Public Employees' Retirement System (CalPERS) Board of Administration re-elected Rob Feckner as board president, and Henry Jones as vice president.

Feckner represents school members on the CalPERS Board, which he joined in 1999. For the past 40 years, he has served the Napa Valley Unified School District. He’s also a former president of the California School Employee Association. He currently serves on CalPERS Board committees for Governance, Investment, and Pension & Health Benefits.

Jones represents retired CalPERS members and was first elected to the Board in 2008. In addition to serving as vice president, Jones chairs the Investment committee and currently sits on committees for board governance, finance and administration, and pension and health benefits. Jones retired from the Los Angeles Unified School District in 1998 as chief financial officer, where he oversaw the district's $7 billion annual budget and its Annuity Reserve Fund Board.

He currently serves as a personnel commissioner for the Los Angeles Community College District, and the board of the Robert Toigo Foundation and the Pacific Pension & Investment Institute.