In other People News, RedBlack creates and fills a COO post, the CFTC has a new general counsel. and the Dartmouth Endowment names a chief investment officer.
Rosenthal Collins Group Hires from RJO
Rosenthal Collins Group (RCG), a futures clearing firm, reports the appointment of Hilton T. Sheng to the new position of president, structured products division.
Sheng, a futures industry veteran, will operate out of the New York office and will “build on the company’s newly established expertise in structured products,” RCG says.
The structured products division will “help commercial, hedger and end-user clients manage price risk and volatility through the use of customized risk strategies leveraging cleared, financially settled products on the CME ClearPort and ICE platforms as well as futures and options,” according to RCG’s statement.
Prior to joining RCG, Sheng was a senior vice president, structured products, for R.J. O’Brien & Associates (RJO).
RCG officials note that Sheng served as a director and senior energy marketer for Hudson Capital Energy. He also was a vice president of Refco, where he was responsible for the firm’s New York Institutional Energy Desk. In addition, he worked on the energy futures desk as a director and vice president with ABN Amro, UBS and PVM Oil Associates. He also served as an energy analyst and broker for Cargill Investor Services “as well as a partner of an energy hedge fund,” officials say.
RedBlack Taps SunGard to Fill New COO Post
RedBlack, a provider of software and services for investment management, reports the appointment of John F. Grimaldi, an industry veteran, as chief
operating officer (COO), a new position for the company.
As COO, he will “drive all aspects of day-to-day operations at RedBlack, including client support, sales, product management, financial management, operating policies and procedures,” Redblack says in a statement.
Prior to joining RedBlack, Grimaldi worked at SunGard Data Systems, from 2001 to 2016.
Most recently, Grimaldi held the post of group president of SunGard, overseeing the securities finance and processing business unit, a global organization with 850 staff in more than 20 countries, according toRedBlack. “In that role, he was a member of the SunGard Financial Systems Executive Committee, which was responsible for overall operational strategies, strategic acquisitions, financial reviews and operating policies. Before that, he was Executive Vice President for SunGard’s North American Securities Processing business and EVP and General Manager for the Securities Finance business unit,” officials say.
Prior to SunGard, he was a senior vice president at Loanet Holdings, which SunGard acquired in 2001, RedBlack says.
SunGard itself was recently acquired by FIS, a financial-technology provider based in Jacksonville, Fla.
RedBlack cites the “more than 100 single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds and foundations” with which it works, and tallies “more than $200 billion in assets under management” for them.
CFTC Appoints General Counsel
The CFTC reports that Daniel J. Davis has been named the agency’s general counsel.
Davis replaces Rob Schwartz, the acting general counsel who stepped into an interim role after Jonathan L. Marcus announced in January that he would be leaving the agency. Marcus joined the CFTC in 2011 as deputy general counsel for litigation, and was promoted to general counsel in 2013, CFTC officials say
Davis joins from the law firm of Proskauer Rose LLP, where he was special counsel in the labor and employment law department, according to a commission statement.
Before Proskauer Rose, Davis worked at Gibson Dunn & Crutcher LLP, where he was a member of the administrative law and regulatory practice, labor and employment practice, and litigation practice, per the CFTC.
From 2006 to 2007, he was counsel to the assistant attorney general of the U.S. Department of Justice’s civil division, according to the CFTC.
CIO for Bloomberg’s Family Office Joins Dartmouth Endowment
An investment manager, Alice A. Ruth, has been named as the chief investment officer for the Dartmouth Endowment after serving in the same role for
billionaire Michael Bloomberg’s family office in New York City, known as Willett Advisors, according to Dartmouth College officials.
Ruth, who will start in April, succeeds Pamela Peedin who spent more than six years as chief investment officer for the endowment. Ruth will work out of Dartmouth’s investment office in Boston, where she will manage a staff of 13, officials say. At Dartmouth, Ruth will work with Trustee Richard Kimball ’78, chair of the trustees’ investment committee, officials add.
A 1983 graduate of the Ivy League college, Ruth will oversee Dartmouth’s investment office and management of the college’s $4.5 billion endowment, officials say. She will also be responsible for additional college funds totaling approximately $1 billion.
Prior to Willett, Ruth served in the same capacity for Bloomberg at Quadrangle Group, according to Dartmouth officials. Before Quadrangle, she was chief investment officer for the Gordon and Betty Moore Foundation, where she led and shaped a $6 billion portfolio.
Prior to Moore, Ruth spent 12 years at Montgomery Securities as a senior managing director and co-director of equity research. Ruth started her career at Morgan Stanley as an economic analyst, focused primarily on Federal Reserve and monetary policy.
Ruth has been a member of the college’s trustees’ investment committee since 2011. She is also a member of the Dartmouth Centennial Circle of Alumnae, a three-year-old group of leading alumnae philanthropists, each of whom has committed gifts of at least $100,000 toward scholarships for women at Dartmouth, officials add.