Retirement Industry People Moves

Former RVP joins Securian sales team

Craig Shrack has joined Securian Financial as a regional sales vice president, a role in which he will work with advisers to bring Securian Financial’s retirement plan solutions to small and midsize employers.

Based in Indianapolis, Shrack supports retirement plan advisers located in Indiana, central and southern Illinois, and Kentucky. Prior to joining Securian Financial, he served as a regional vice president with Transamerica Retirement Services. Shrack holds FINRA Series 6 and 63 registrations and earned a bachelor’s degree from Purdue University.

Securian Financial provides services to employer-sponsored retirement plans through group annuity products issued by Minnesota Life Insurance Company.

SageView opens new location   

SageView Advisory Group has opened its Dallas Fort-Worth office with Lucas Barton as managing director.

Barton specializes in building retirement solutions that improve outcomes, minimize risk and meet fiduciary requirements. He will focus on expanding SageView’s footprint in the southwest U.S.

Barton began his career at Amegy Bank as an analyst, and then went on to work for Morgan Stanley as a retirement plan consultant. Most recently, Barton was a principal and partner with Lockton Retirement Services, leading and developing the Dallas-based retirement plan advisory team.

Barton graduated from Southern Methodist University with a bachelor’s degree in business administration and finance and holds the certified financial planner designation.

Calvert’s Washington office adds ESG analysts

Four senior environmental, social and governance (ESG) investing analysts have joined Calvert Research and Management in the Washington, D.C., office.

The new analysts are Daniel Dorman, Hellen Mbugua, John Patrick Miller and Daniel Rourke. They will all report to Jessica Milano, director of ESG research.  

Dorman joins Calvert from the U.S. Treasury Department, where he held multiple roles at the Offices of Financial Institutions and Financial Stability, including senior adviser, senior policy adviser and senior investment manager. Previously, he served as a manager and analyst at J.P. Morgan Chase. He holds a master’s degree from the University of Chicago Booth School of Business, a master’s from Johns Hopkins University and a bachelor’s from Miami University Farmer School of Business in Ohio. 

Mbugua comes to Calvert from IFG Development Group, where she was a vice president focused on due diligence and model construction and analysis. Prior to that, she worked as a director at Adaris Capital, a middle-market real estate private equity firm. Earlier in her career, she served as associate director at Pacific Alternative Asset Management Company and a senior associate at State Street Corporation. Mbugua holds a master’s degree from the Tuck School of Business at Dartmouth College and a bachelor’s from the University of California, Santa Barbara.  

Miller joins Calvert from the Federal Energy Regulatory Commission (FERC), where he held multiple roles including branch chief, technical and policy adviser and energy industry analyst. Previously, he was lead quantitative energy analyst at IMG-Crown Energy Services, a coal and emissions market analyst at Platts McGraw Hill Financial, and an EMEA equity market news analyst at TTN. He holds a master’s degree from the London School of Economics and Political Science and a bachelor’s from George Washington University. 

Rourke comes to Calvert from the U.S. Department of Agriculture, where he served as senior policy adviser on infrastructure finance, economic development, impact analysis and other issues. He was previously a senior adviser to the director of the U.S. Pension Benefit Guaranty Corporation and a policy adviser at the U.S. Department of the Treasury. Prior to his government service, he worked in private equity managing real estate investments and developments for Cafritz Company, The Carlyle Group and The Archon Group. He holds a master’s degree from George Washington University and a bachelor’s from the University of Wisconsin. 

Segal Group hires new SVP

Tamara Simon has joined The Segal Group as a senior vice president and the new global corporate consulting business leader. In this role, Simon will lead Segal’s cross-practice corporate consulting business, which brings employee benefit solutions to corporate employers of all sizes.

Simon comes to Segal with more than 20 years of experience in the employee benefits and human resources (HR) consulting industry. She joins Segal from Buck, where she was managing director and a member of senior leadership. While there, she led global employee benefit and human capital practices. Simon has also worked for Mercer; the law firm of McDermott, Will & Emery; and Hewitt Associates.

A member of the Illinois Bar, Simon earned her J.D. from the University of Iowa College of Law, where she was an associate editor of the Law Review. She is also a graduate of the University of Illinois, Urbana/Champaign, with a bachelor’s in political science.

Simon is based in Segal’s Washington, D.C., office.

PRI hires past client as chief relationship officer

The Pension Resource Institute (PRI), a retirement plan compliance, technology and consulting firm, has hired Marc Caras as chief relationship officer.

As the chief relationship officer, Caras will focus his efforts on enhancing the PRI member experience and helping members achieve greater success with the suite of solutions PRI offers.

Caras brings more than 20 years of experience to PRI, serving in relationship management, sales, product management and business leadership roles within the broker/dealer, RIA and retirement plan marketplace. Prior to joining PRI, Caras was director for BNY Mellon Pershing, where he served as the head of the retirement plan network and was responsible for Pershing’s retirement plan business. Before that, he served as an executive vice president at Sentinel Benefits and Financial Group and as the president of their broker/dealer business. Prior to Sentinel, Caras was a vice president at LPL Financial and spent over 11 years in various positions at Fidelity Investments.

Innovu appoints former SVP to leadership role

Pittsburgh-based Innovu Inc. has appointed Hugh O’Toole to the positions of chief executive officer andchief commercial officer.

O’Toole joins the company after serving as senior vice president of MassMutual and recently joining the Innovu board of directors. Alongside this move, Pat Stewart, founding president and CEO, will remain as president to lead the company’s partner and client experience, operations and innovation functions.

With the addition of O’Toole to the executive leadership team, Innovu plans to scale rapidly to align with advisers to penetrate new markets and industries with its InnovuLens suite of solutions.

USI names retirement services VP

USI Consulting Group (USICG) has hired Bill Tracy as vice president of retirement services, based in Pittsburgh, Pennsylvania. In this role, Tracy will be responsible for leading new business development activities in western and central Pennsylvania. He will also consult on fee diagnostics, fiduciary governance, vendor selection, plan design, plan investments, retirement readiness and financial wellness. 

Tracy has over 20 years of experience working with retirement products and services, including consultative sales and relationship management. He is also experienced in plan design, investment management and related administrative services for corporations, non-profit organizations and public entities. Tracy earned his bachelor’s degree in psychology from Penn State University and master’s in business from the University of Massachusetts. His industry education and designations include FINRA Series 7, 63 and 66. 

American Century hires chief technology officer

Jamie Patel joined American Century Investments as senior vice president and chief technology officer.

In the role, Patel oversees the firm’s information technology department and joins American Century Investments’ operating group leadership team. Patel reports to Executive Vice President and Chief Financial Officer Patrick Bannigan.

Patel joined from the Bank of Montreal, where she was the chief information officer of products and central services. Prior to joining BMO, she was a senior vice president at Sabre Holdings.

Patel holds a bachelor’s degree in computer engineering from North Staffordshire University in the United Kingdom, and completed advanced management studies at Southern Methodist University.