Deals and People February 7, 2013

U.S. Bank Adds VPs in Trust and Custody

February 7, 2013 (PLANSPONSOR.com) – Chris Kaiser, John Murphy and Pat Walsh join U.S. Bank Institutional Trust and Custody as vice presidents, business development officers, in its Institutional Trust and Custody division.
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Kaiser is based in Danbury, Connecticut, and Murphy works out of U.S. Bank’s Washington, D.C., office. Both report to Edward Buenaga, senior vice president and regional manager. Walsh reports to Karl Wilson, senior vice president and regional manager, in San Francisco. All three are responsible for developing relationships with potential U.S. Bank clients. Walsh works with advisers and recordkeepers to support U.S. Bank’s individually directed accounts (IDAs).

Kaiser brings more than 20 years’ experience to the role, and most recently served as an investment adviser at J.P. Morgan Securities. He received his Bachelor of Arts degree from the University of Delaware in Newark, and his M.B.A. from LaSalle University in Philadelphia.

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Murphy has worked in the financial services industry for more than 30 years. He comes to U.S. Bank from Bank of America, where he served as market director for Institutional Trust and Investments. Murphy earned a Bachelor of Arts degree from Villanova University and Master of Science from Drexel University. He is a member of the American Society Pension Actuaries and the Society of Professional Administrators and RecordKeepers.

Walsh has worked in the financial services industry for nearly 20 years, recently acting as vice president of retirement business services at Charles Schwab & Co. Inc. He earned a Bachelor of Science degree in Business Administration from the University of Notre Dame.

—Sara Kelly 

Deals and People February 7, 2013

Groom Expands Fiduciary Responsibilities Practice

February 7, 2013 (PLANSPONSOR.com) – David Kaleda has joined Groom Law Group’s Fiduciary Responsibility group.
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Kaleda has an extensive background in the employee benefits and financial services sector. His experience includes handling fiduciary matters for a variety of clients including plan sponsors, investment and other fiduciary committees, investment managers/advisers and service providers. He also has experience representing clients before the Department of Labor (DOL) and Internal Revenue Service (IRS).   

Prior to joining Groom Law Group, Kaleda was a partner at Alston & Bird LLP and a compliance consultant and attorney at The Vanguard Group Inc.    

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He is a member of the DOL’s Employee Retirement Income Security Act’s (ERISA) Advisory Council.   

“David’s expertise will further our ability to provide state-of-the-art advice and advocacy for our plan sponsor and service provider clients,” said the firm’s Executive Principal, John McGuiness.  

Groom’s Fiduciary Responsibility group’s attorneys advise Fortune 500 plan sponsors and every type of service provider, including insurance companies, broker dealers, banks, mutual fund companies and recordkeepers. More information is at www.groom.com.

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