Retirement Industry People Moves

FS Investments expands real estate investment efforts; Franklin Templeton hired ETF portfolio VP; DWC - The 401(k) Experts to merge with Hawkins Retirement; and more.

Janus Henderson Investors Hires Global Head of Fixed Income

Jim Cielinski has joined Janus Henderson Investors as the firm’s new global head of Fixed Income. Based in the firm’s London Headquarters, Cielinski will join the firm on November 1.

Cielinski brings more than 30 years of investment management experience to the firm. He most recently held the same position for Columbia Threadneedle Investments, where he oversaw more than 165 investment professionals and $190 billion in fixed income assets under management.

Prior to joining Columbia Threadneedle in 2010, Cielinski spent 12 years at Goldman Sachs Asset Management as managing director and head of Credit, where he managed the credit exposures across all investment grade portfolios. He’s also served as head of Fixed Income for the Utah Retirement Systems, assistant manager of Taxable Fixed Income for Brown Brothers Harriman & Co, and equity portfolio manager for First Security Investment Management.

“Jim brings a wealth of experience managing fixed income investment teams and I am excited to work alongside such an accomplished investment professional,” says Enrique Chang, Janus Henderson global Chief Investment Officer.

FS Investments Expands Real Estate Investment Efforts

FS Investments Expands Real Estate Investment Efforts

Alternative asset manager FS Investments is pushing deeper into the real estate investment space with the launch of FS Credit Real Estate Income Trust, the firm’s first real-estate investment trust (REIT). FS Investments has also hired Rob Lawrence to spearhead the firm’s entire real estate efforts.

As managing director and global head of Real Estate, Lawrence will oversee the firm’s real estate initiatives and help manage FS Credit REIT in partnership with its sub-adviser, Rialto Capital Management.

He brings more than 25 years of commercial real estate investment experience to his new role. Previously, he served as executive managing director at Singer & Bassuk, a boutique real estate finance firm; and senior managing director at Guggenheim Commercial Real Estate Finance, where he managed the origination platform for commercial mortgage-backed securities (CMBS) and affiliated life companies. Lawrence earned a bachelor’s degree in business administration from the University of Vermont and a master’s degree in real estate investment and development from the Schack Institute of Real Estate at New York University.

FS Credit REIT is a publicly registered, non-listed REIT that originates, acquires and manages a portfolio of senior loans secured by commercial real estate primarily in the United States. The daily NAV REIT focuses primarily on floating-rate mortgage loans that are secured by first priority mortgages on transitional commercial real estate properties, and has already closed on initial investments totaling more than $43 million.

Franklin Templeton Hires ETF Portfolio VP

Franklin Templeton Hires ETF Portfolio VP

Louis Hsu has joined Franklin Templeton as the firm’s vice president, ETF portfolio manager. Hsu will assist Dina Ting, vice president, senior portfolio manager for Global ETFs, in managing certain Franklin LibertyShares ETFs.

With more than 10 years of investment experience, Hsu joins Franklin Templeton from BlackRock where he spent the past six years as vice president in the Beta Strategies and Multi-Asset Strategies in San Francisco, Hong Kong and Taiwan. He was also responsible for managing various indexed and smart beta portfolios in addition to being involved in multiple fund launches. Hsu holds a master’s degree in finance and a bachelor’s degree in mechanical engineering from Washington University. He is a CFA, CAIA and FRM charterholder.

DWC – The 401k Experts to Merge with Hawkins Retirement

DWC – The 401k Experts, an organization providing 401(k) plan compliance, defined benefit (DB), and consulting services is uniting with Hawkins Retirement, a Utah-based firm that provides the same services, under the DWC brand.

Hawkins Retirement executive Lori Reay will be joining DWC as a partner. Reay, a former recipient of the American Institute of CPAs Women to Watch Emerging Leaders Award, brings more than 16 years of experience as a partner at Hawkins Retirement to her new role.

“After talking to Lori about the similarities in our companies’ philosophies and dedication to premium service, I knew that this merger would be a step forward for both companies,” says Keith Clark, partner and co-founder of DWC. “The merger is a huge opportunity for Hawkins Retirement and DWC to come together as a unified company to better serve our network, ensuring continuity and the excellence Hawkins Retirement’s existing clients are accustomed to.”

Reay adds, “Hawkins Retirement is known for its service and results, uniting with DWC will strengthen our business models and allow us to deliver even greater results. The best news is clients will see no disruption in services as our service model and infrastructure are similar.”