Creation of a new money management firm has caused a domino effect of searches for new personnel.
Turner Investment Partners, Berwyn, Pa., is searching for a director of client service, said Bruce Zewe, principal and director of corporate communications. The candidate will report to Glenn Dever, Turner's director of institutional distribution.
INVESCO is searching for a marketing associate for the fixed-income group at the firm's Louisville, Ky., office, said spokesman Bill Hensel.
The openings were created by the July 1 launch of Integrity Asset Management LLC, Louisville. Matthew G. Bevin, chief executive officer and principal, said Integrity itself is looking to hire a senior operations professional to provide back-office services and a dedicated trader.
William McNett, former director of client service at Turner, joined Integrity as a senior portfolio manager and principal. Shannon Burnett, Integrity director of marketing, was the INVESCO marketing associate.
Daniel Bandi and a team of U.S. value equity managers from National City Investment Management, Cleveland, also joined Integrity. Mr. Bandi, lead portfolio manager, was named chief investment officer-value equities and principal at Integrity. Other members are Adam Friedman and Daniel DeMonica, senior portfolio managers and principals; Bryan Tinsley, portfolio manager; and Joe Gilbert, senior analyst. The team will manage value equities in separate account strategies and institutional mutual funds from Cleveland.
Amber Garwood, National City spokeswoman, said portfolio managers Mary Jane Matt, Michael Santelli and Alex Vallecillo assumed management of $2.5 billion in value equities Mr. Bandi's team had managed.
Mr. Bevin said when Integrity assets reach a critical mass, the firm will add a team of growth equity managers, probably through another liftout.
