Frank James has defected from Fahnestock & Co. to join Bear Stearns as branch manager in Chicago. James, who has been in the business for 40 years, was serving as branch manager in San Francisco and had been with Fahnestock's predecessor, Oppenheimer, since 1981. He's no stranger to moving around, having managed branches in New York, Dallas, and Houston, and was also a branch manager in the Midwest with Merrill Lynch. Sources in the recruiting industry say James was highly coveted by Bear Stearns for some time.
Wachovia's wealth management group named Jeffrey Hartman as Director for the mid-Atlantic region. He moves from Florida, where he was managing director for Wachovia Wealth Management. He will be in charge of investment management services for affluent investors for the areas of Maryland, Virginia and Washington, D.C. His office will be in Richmond.
Pennsylvania-based Brinker Capital has its second-ever president. John Coyne, one of the original partners of the independent managed account and mutual fund specialists, is the new top dog. He has been with the firm for more than 20 years and was recently the national director of sales and marketing for the firm. He is also serving as president of Brinker Capital Securities. He takes over for Chuck Widger, who will remain as chairman and CEO of Brinker Capital.
In Merrill Lynch news, the firm has promoted Jodi Rolland to the position of national sales manager for the advisory division. Rolland, with the firm since 1993, was most recently director of the Denver complex, named Merrill's complex of the year in 2003. She replaces Greg Mech, who is now the new regional managing director of Merrill's southern California/frontier region. Rolland will report to Dan Sontag, head of the advisory division.
Evelyn Brust, executive director of the Investment Management Consultants Association, which administers the CIMA designation, is scheduled to retire in July. Brust, to date, is the first and only exec director of the association, having served for nearly 20 years with the group. Lee Zimmerman, the deputy director of IMCA, will replace her in July. The Denver-based organization has more than 4,000 members.