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Deals and People August 7, 2015
Retirement Industry People Moves
John Carbone signed on to Fred Alger Management, and Jessica Portis joined Mercer
Investments.
Reported by John Manganaro
John P. Carbone has joined Fred Alger Management as senior vice president, institutional sales and service. He will concentrate on growing sales and managing ongoing institutional relationships. Along with the existing institutional team, he will be responsible for fostering new relationships and increasing market presence in the institutional, consultant, and certain retirement and bank trust markets. Carbone will report to Jim Tambone, executive vice president, chief distribution officer.
Carbone, who has 20 years of experience, was most recently at BNY Mellon Investment Management, where he grew revenue through direct sales to corporate retirement plan sponsors on the East Coast. Prior to BNY Mellon, Carbone held senior institutional sales roles at The Hartford and Mellon Financial. Carbone coordinated benefit administration delivery and client servicing at Hewitt Associates. He holds a bachelor’s degree in finance from Providence College.
Jessica Portis joined Mercer Investments as a senior consultant to support Mercer’s work in the endowment, foundation and non-profit health care sectors.
Portis will report to Kim Wood, senior partner and not-for-profit segment leader. She takes on the new role effective September 8, and will be located in Mercer’s St. Louis office.
Previously, Portis was a senior consultant and business leader at Summit Strategies. She has extensive experience in investment consulting, Mercer says, including expertise in servicing public pension, corporate defined benefit and defined contribution, endowment, foundation and not-for-profit health care clients.