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 providers 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.
Envestnet picks Henkel to run new group
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