Retirement Industry People Moves

Groom Law Group Expands Retirement, Fiduciary Practice

Lee Antone

Groom Law Group announced that Lee Antone has joined the firm as a principal in its retirement services and fiduciary practices.

Antone brings experience in financial services law, having recently served as the chief legal and risk officer of a Securities and Exchange Commission-registered investment adviser. He also previously worked as an SEC attorney and has experience with FINRA’s Office of General Counsel.

At Groom, Antone will advise clients on investment advisory compliance, enterprise risk management, fiduciary governance, complex agreement negotiations and regulatory examinations and investigations.

Hub International Makes 2 Leadership Appointments

Hub International announced new appointments to its U.S. employee benefits and retirement and private wealth leadership team.

Mustafa Faizani is joining in a new role as executive vice president, effective May 5. Michael Booth is also succeeding Mike Barone as president of the U.S. employee benefits practice. Barone has led the practice for 12 years and will step into a new role at Hub focused on mergers and acquisitions, recruiting top talent and producer coaching/sales assistance.

Mustafa Faizani

Faizani brings nearly 20 years of experience in employee benefits and retirement consulting. He joins from Mercer, the global health and retirement professional services firm, where he had several leadership positions and has experience across employee benefits, retirement and private wealth and property and casualty insurance. Faizani will report to Jack McGrath, president of Hub’s Pacific region and a member of the executive management team.

Michael Booth

Booth started his career at Hub in December 2015 as the chief sales officer for the Midwest region. He was promoted in February 2020 to chief sales office for Hub’s employee benefits practice. In his new role, Booth will lead Hub’s continued investments in the practice. Booth will report to Faizani.

Nationwide Retirement Solutions Names Mid-Market Acquisition Director

John Chavez

Nationwide announced that John Chavez has joined the company’s distribution team as mid-market acquisition director, covering government sector new plan acquisition for the Western territory of the U.S.

Chavez reports to Rob Bilo, associate vice president of acquisition and strategic relationships for Nationwide Retirement Solutions.

Since joining Nationwide in 2015, Chavez has served in institutional relationship management and consultant relations roles at Nationwide Financial. His other previous experience includes serving as a consultant at Multnomah Group and holding key sales and consultant relations roles at TIAA, Prudential and Scudder Kemper Retirement Services.

Cache Appoints Heads of Investor, Institutional Solutions

Cache Financials Inc., a fintech company offering specialized products for managing large, concentrated stock positions for individuals and their advisers, announced the appointment of executives Aaron White, as head of investor solutions, and Sang Chou, head of institutional solutions. 

White will lead the investor solutions team, helping develop a range of products for managing concentrated positions and serving as the liaison for high-net-worth clients.

Chou will lead the institutional channel at Cache, serving independent RIAs, broker/dealers and other financial intermediaries to deepen the firm’s relationships across the wealth management community.

Easterly Asset Management Appoints CIO of Easterly Snow

Joshua Schacter

Easterly Asset Management announced the appointment of Joshua Schacter as chief investment officer of Easterly Snow.

Schachter assumes the CIO role from Richard Snow, who will remain with the firm as portfolio manager for the Easterly Snow Long/Short Opportunity and All Cap Value strategies, as well as select private investment vehicles. Snow will transition away from day-to-day management to focus solely on portfolio management.

Schacter joined the firm in 2001 and supported the firm’s expansion to manage external capital while assembling a seven-person investment team that applies an established, bottom-up selection process focused on value investing.