Envestnet picks Henkel to run new group

Mike Henkel was named managing director of Envestnet, according to a news release. In this new position, Mr. Henkel will set up the defined contribution service provider’s new retirement services group; more information about what services the new unit will provide was not available. Mr. Henkel was president of Morningstar subsidiary Ibbotson Associates until mid-2006. Ibbotson CIO Peng Chen added the role of president to his duties when Mr. Henkel left the firm.