PLANADVISER - Spring 2023 - 10

On the Move
joining Manulife's executive leadership team. He served as
president and CEO of John Hancock Insurance and as the
global leader of behavioral insurance for Manulife. Marianne
Harrison, the former president and CEO, retired after
20 years with the company. Tingle reports to Roy Gori,
Manulife president and CEO.
Tingle led John Hancock's embrace of behavioral insurance,
offering savings and rewards for customers' healthy
living. He also sits on the boards of John Hancock's insurance
companies, which include John Hancock Life Insurance
Co. and John Hancock Life Insurance Co. of New York.
The Capital Group Companies Inc.'s chairman and CEO,
Tim Armour, will step down from the management committee
in October. Replacing him as CEO will be Mike Gitlin,
currently head of fixed income for Capital Group, who will
additionally become president. Rob Lovelace, vice chair and
president, is also stepping down from the committee.
New CEO Gitlin ascends to the job after eight years at Capital
Group, during which the firm became one of the largest
active fixed-income managers, according to the firm, with
about $450 billion in assets under management. Gitlin also
oversees global trading and has been part of the company's
expansion efforts in Europe and Asia. Prior to Capital Group,
he served as head of U.S. equity sales for Citigroup Global
Markets Inc., as well as heading Asia-Pacific sales trading,
Asia-Pacific cash equities and international cash equities.
Hess Moves up at DCIIA
Pam Hess, executive director, DCIIA
The Defined Contribution Institutional
Investment Association
Retirement
Research
Center
appointed Pam Hess as its new
executive director. DCIIA includes
advisory councils staffed with some
of the industry's largest retirement
plan advisories, according to the organization. Hess
joined the RRC in 2021 as vice president of research. In her
new position, she succeeds Warren Cormier, the center's
founding executive director, who will remain involved as
director emeritus with a focus on custom research done
exclusively for one organization, DCIIA reports.
This past November, DCIIA announced the formation
of three new advisory councils to provide stakeholder
input and guidance on topics important to the retirement
industry. Hess played an " instrumental role in conceptualizing
and developing the advisory councils " with the RRC
leadership and staff, said a spokesperson by way of email.
Hess will identify and run key research initiatives,
receiving input from both retirement plan advisories and
institutional consultants.
More On
The Moves
➜ Summit Financial
named Joseph
Spada the firm's 2022
Leading Financial
Adviser-an
annual award.
Spada has
played a key
role in Summit's wealth
management practice for
25 consecutive years. A
financial adviser for more
than 35 years, Spada
specializes in providing
clients with investment
management, retirement
planning, insurance, tax
and estate planning.
➜ Wealthspire Advisors
LLC has appointed
Channing Olson as head
of integration
and project
management.
Olson will
oversee the integration
of firms that join Wealthspire
Advisors. She will
manage strategic initiatives
and elevate communication
through the firm.
➜ OneDigital Investment
Advisors acquired
three-year affiliate 401K
Resources, which designs
retirement plans from a
total-rewards-program
perspective. It also
purchased Clear Group,
a provider of employee
benefits solutions, retirement
planning, human
resources consulting and
personal and business
property and casualty
solutions.
➜ Registered investment
adviser Savant
Wealth Management
added retirement
services, including fiduciary
governance and
plan investing, with the
acquisition of Capital
Directions in Atlanta. The
deal brings Savant's total
assets under management
to $18 billion and
expands its footprint to 10
states and 26 offices.
➜ UBS Asset Management
hired Shamaila
Khan as head of fixed
income for emerging
markets and Asia Pacific.
She will report to Charlotte
Baenninger, UBS'
global head of fixed
income, and join the
fixed-income investment
forum. Khan has over
23 years experience
in EM sovereigns and
corporates, both hard
and local currency. She
was head of emerging
markets fixed income at
AllianceBernstein.
➜ After seven years
at Schwab Retirement
Services, Nathan
10 planadviser.com | Spring 2023 | Participants
http://www.planadviser.com
PLANADVISER - Spring 2023

Table of Contents for the Digital Edition of PLANADVISER - Spring 2023
