Bill O'Grady was named senior vice president of distribution at MassMutual Retirement Services, said Mark Cybulski, spokesman. Mr. O'Grady was executive vice president and head of distribution and sales at Pioneer Investments. Kevin Rowell replaced Mr. O'Grady, said Tara Pescatore, spokeswoman for Pioneer. No information was available on Mr. Rowell's previous duties.
Richard Aiello was named senior operating executive at private equity firm Welsh, Carson, Anderson & Stowe, according to spokesman Nathaniel Kates Garnick. The position is new. Mr. Aiello will be responsible for identifying business opportunities and trends and evaluating new investment opportunities. He starts in mid-August. Mr. Aiello was senior vice president for strategic investments at First Data Corp. Jody Soper, a spokeswoman for First Data, was not available by press time for comment.
John Bender was named head of U.S. investment-grade bonds at Legal & General, a new position. He will oversee a new office in Chicago; L&G is considering distributing its mutual funds in the U.S., said spokesman John Morgan. Mr. Bender was head of investment grade bonds at Aegon Asset Management, and was replaced by Rick Perry, said Aegon spokesman Gary Latimer. No information was available on Mr. Perry's previous job.
Oscar Pesch, manager of institutional investor services at Russell Investment Group, Amsterdam, left the company last week to start his own business, said Russell spokeswoman Sarah Culpeper. No further information was available, and Mr. Pesch could not be reached for comment. Managing Director Johan Cras took on Mr. Pesch's responsibilities with institutional clients while Russell searches for a replacement, Ms. Culpeper said.