Deals and People April 11, 2011

Heckman Takes GEAM Sales Slot

April 11, 2011 (PLANSPONSOR.com) –GE Asset Management (GEAM) has tapped Doug Heckman as Senior Vice President of Institutional Sales.
Reported by

A news release said in this role, he reports to Steve Johnson, Senior Vice President and Head of Sales – U.S. and Asia, and has responsibility for upbringing GEAM’s investment capabilities to institutional investors in the southeastern U.S.

Heckman has over ten years’ experience in the institutional investment management industry. Prior to joining GEAM he was a Managing Director at Phoenix Investment Partners (now Virtus Investment Partners), where he was responsible for new business development, client service and consultant relations for its $15 billion fixed income subsidiary. Earlier in his career he held sales roles as a Senior Vice President at WestAM, where he had responsibility for the eastern U.S., and as a Vice President at Neuberger Berman covering the southeast.

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He earned a B.S. in Engineering from the U.S. Military Academy at West Point and an MBA in Finance from Duke University.

Deals and People April 11, 2011

Towers Announces Step-Down Date for COO

April 11, 2011 (PLANSPONSOR.com) –Towers Watson announced that president and chief operating officer Mark Mactas has decided to retire by the end of calendar year 2011.
Reported by

Mactas, 58, has provided leadership in a number of geography and line-of-business roles during his 31-year tenure with the company, according to a news release, . He served as Towers Perrin chief executive officer before stepping into the role of Towers Watson president and chief operating officer after the merger of Towers Perrin and Watson Wyatt Worldwide in 2010.

“Mark has established a reputation as a leader who operates with unquestionable integrity and throughout his career has been a role model for the company’s values,” said John Haley, Towers Watson chairman and chief executive officer. “

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Over the coming months, Mactas will continue in his current role as president and chief operating officer. His areas of focus will remain the same – positioning Towers Watson for growth through his input into overall strategy, furthering the company’s integration efforts, and providing guidance in critical areas such as leadership development and succession planning.

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