John R. Thomas was named vice chairman of Martingale Asset Management, and Kevin McNamara joined the quantitative manager as a senior vice president and product specialist.
Both positions are new, Bill Jacques, Martingale’s chief investment officer, said in a telephone interview.
In a separate telephone interview, Mr. Thomas said he did independent consulting work for asset management firms in Japan and the U.S. after ending a 34-year career at J.P. Morgan in 1998 as a managing director with J.P. Morgan Investment Management.
He said he will focus initially on opportunities for Martingale strategies in the Japanese market, where he served for five years as president of J.P. Morgan Trust Bank (Japan).
Mr. McNamara was senior portfolio manager for U.S. equities at SEI Investments, heading manager research, portfolio construction and investment communications, according to a Martingale news release. Dana Grosser, a spokeswoman with SEI, couldn’t immediately be reached for comment.
Also, the firm announced the formation of the Martingale Academic Advisory Board to bolster its expanding efforts in the area of low-volatility and minimum-volatility strategies, according to the news release.
Luis M. Viceira, a Harvard Business School professor whose work has included research on asset allocation strategies and the management of large pools of money, will chair the board. Other board members will include Andrew Ang, a professor at the Columbia University Business School who has focused on investment management and empirical asset pricing, and Robin Greenwood, a Harvard Business School professor of behavioral finance and value investing, whose research has focused on asset pricing and risk.
The board of academic experts “will challenge our thinking and help us channel the latest in academic research into our investment strategies for clients,” Mr. Jacques said in the release.