News > Asset Management

People Moves: Wellington managing directors to retire; New River names new portfolio manager

By NexChange
Asset Management

people moves

Wellington managing directors to retire. Lucius Hill and Karl Bandtel, both senior managing directors and fund managers, will retire from Wellington Management in June 2016. Hill currently co-manages the $14.2 billion Vanguard Long-Term Investment Grade Fund. Bandtel was managed the $9.2 billion Vanguard Energy Fund since 1992. Pensions & Investments

New River Investments hires new portfolio manager. David Schawel will be the portfolio manager of the New River Opportunistic Income fund based in North Carolina. Schawel previously worked as a portfolio manager at Square 1 Financial for eight years. Reuters

BNY Mellon Wealth Management names Washington director. Rob Klingensmith will serve as wealth director, reporting to regional president Susan Traver. Klingensmith comes to the firm from Pilatus Bank, where he worked as chief executive of banking operations and oversaw the ultra-high net worth client engagement. Reuters

Photo: ©


Subscribe to our Newsletter

Be one of the first to experience the future of financial services