Thomas Clancy was named senior vice president, U.S. business development, at Mackenzie Institutional.
The Boston-based position is new, spokeswoman Liana George said. Mr. Clancy will work with U.S.-based defined benefit and defined contribution clients.
Mr. Clancy was vice president and head of U.S. distribution at AGF Investments America. He will not be replaced, said Jennifer McKinley, vice president of institutional marketing at AGF. His duties will be handled by Michael Peck, senior vice president and head of Canadian institutional; Robin Stanton, vice president, investments; Michael Still, vice president, institutional business development; and Neeraj Jain, vice president, global institutional client relations.
Mackenzie had C$68.4 billion (US$62 billion) in assets under management as of March 31, including C$20.3 billion in institutional assets. U.S. institutional assets as of that date totaled US$33 million.