LPL steals E*Trade CFO. Matthew Audette, CFO of E*Trade Financial, is leaving the firm to be CFO at LPL Financial Holdings. E*Trade’s chief risk officer Micheal Pizzi will be taking over as CFO June 15. Audette will take on his new role at LPL in September, and will be based out of San Diego. He replaces Dan Arnold, who was named president at LPL in March. Arnold replaced Robert Moore, who resigned to become CEO at Legal & General Investment Management America. Wall Street Journal (paywall)
LA pension CIO quits. Los Angeles County Employees Retirement Association CIO David Kushner has resigned. Principal investment officer Vache Mahseredjian will serve as interim CIO for the $48 billion pension. Kushner has served as CIO since November 2011, and did not announce plans for his next move. Pensions & Investments (paywall)
Wilshire adds four consultants. Wilshire Consulting has hired four senior consultants. Robert Appling, Ryan Lennie, and Marlin Pease have joined the firm as managing directors, and Rose Dean as v.p. The new hires replace five consultants who have left the firm in the last 12 months, including four that moved to rival Towers Watson.
Appling previously worked as director of investments for the central U.S. at Mercer. Lennie was lead consultant on health-care, corporate, endowment, foundation, and family trust clients at Gallagher Fiduciary Adviors. Dean worked as director for Umoya Capital, and Pease was a senior investment analyst for the University of Pittsburgh’s endowment office. Pensions & Investments (paywall)
Schroders boosts fixed income team. Schroders has added five new hires to its London-based fixed income global multi-sector team. Paul Grainger is joining as senior portfolio manager from Wellington Management, and Mads Nielson as quantitative strategist from GLG Partners. David Gottlieb, Vincent Messina, and Whitney Tindale joined the firm in May from Third Wave Asset Management, which the trio founded in 2014. Gottlieb is now senior portfolio manager of alternative rate strategies, and Messina and Tindale are U.S. alternatives directors. Citywire
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