ISITC, Pinnacle Investments and Raymond James also had People Moves announcements.
State Street Corp. reports that John Plansky will be named global head of State Street Global Exchange. Plansky will report to Executive Vice President Lou Maiuri.
Plansky will be responsible for “global strategy, new product development and developing solutions for clients that help them manage increasingly complex data, search for better performance, focus on attracting assets and meet heightened risk challenges,” State Street says in a statement.
He joins from PricewaterhouseCoopers (PwC), where he “led the US Strategy business and US Global Platforms business and was a member of the Advisory Financial Services Leadership team,” according to the statement.
Before the acquisition of Booz & Co. by PwC, Plansky was senior partner at Booz & Co., leading the technology practice and serving as a senior advisor to global financial institutions such as State Street. “Prior to joining Booz & Co., he was CEO of NerveWire and led its sale to Wipro where he subsequently led their global capital markets business,” State Street officials add.
ISITC Fills Out Vice Chair, Board of Directors Posts
ISITC’s New Chair to Take on Third-Party Risk
While The International Securities Association for Institutional Trade Communication (ISITC), appointed Erica T. Choinski, a vice president at Brown Brothers Harriman & Co., as the next chair of the organization (read FTF’s recent Q&A with Erica), the industry trade and standards group also filled out other key posts.
ISITC has:
- Elected Malene McMahon, senior business manager at SWIFT, to be its new vice chair. McMahon has been a member of the ISITC board for more than five years;
- Added the following industry veterans to the ISITC board of directors:
- Louis J. Rosato III, director, business strategy and industry relationship management, at BlackRock; Rosato is a member of BlackRock’s Investment Operations Group;
- Ana Lotharius, director, strategic initiatives and Americas industry relations at the DTCC;
- Kristin Hochstein, head of financial regulatory solutions at Thomson Reuters;
- Paul Fullam, vice president at FIS Global; he has been ISITC’s co-chair of the corporate actions working group for nearly 12 years;
- And Lisa Iagatta, director, account management, investment services at Fiserv, who will serve as the board treasurer; she has been a board member for the past two years.
- And announced that Salome Winge will continue as board secretary; Winge’s LinkedIn page reports that she is vice president, investment manager liaison at Northern Bank.
Pinnacle Investments Names New Fixed Income Manager
Brian Campbell, fixed income manager, Pinnacle Investments
Pinnacle Investments, LLC, a New York based investment advisor/broker dealer, reports that Brian Campbell has joined the firm as a fixed income manager, broker’s broker.
Campbell will be “building out” the municipal securities broker’s broker unit for Pinnacle, and is among several new employees in Massachusetts working to expand the firm in New England and nationally, according to a statement. He has more than 35 years of experience in the municipal bond business, Pinnacle says.
“His roles in the municipal business have ranged from liaison and senior trader to bond desk manager,” according to Pinnacle. “Previously with Merrill Lynch, Shearson Lehman Brothers and Fidelity Investments, he opened a division of RW Smith in Hingham MA, a municipal bond Broker’s Broker in 2009.”
Pinnacle maintains New York offices in Syracuse, Auburn, Fayetteville, Rochester, Buffalo and Albany, with additional offices in New Jersey, Florida and Pennsylvania, and tallies more than $1.2 billion of client assets.
Raymond James Launches Activism-Response Practice
Duncan Herrington, managing director, Raymond James
Raymond James reports the establishment of an activism-response and contested-situations practice, a “dedicated practice advising corporate clients on investor activism preparedness and response, contested M&A, shareholder engagement and corporate governance matters,” per Raymond James. “This suite of specialized services is focused on providing small- and mid-cap companies with the tactical advice to best address the proliferation of shareholder activism through preparation, planning and enhanced shareholder engagement.”
Senior banker Duncan Herrington, who joins the firm as managing director with more than 12 years of M&A deal experience, will head the new practice. He joins from Credit Suisse’s contested situations group and was formerly an M&A attorney with Paul, Weiss, Rifkind, Wharton & Garrison and with law firm DLA Piper, according to the statement.
The number of activist campaigns targeting middle-market companies increased about 163 percent since 2009, according to FactSet Research, cited by Raymond James. “In 2015, 208 activist campaigns were launched against 169 companies valued between $50 million and $1 billion.”
Since 2011, Raymond James has participated in raising more than $450 billion in capital for its corporate clients and completed more than 400 advisory assignments, including more than 350 M&A buy-side and sell-side advisory assignments, the firm says.
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