mPower/401kForum has hired
David Demarest as the firm's first ever cfo, a spokesperson told the 401kWire.com. Demarest previously served with
Montgomery Asset Management as chief administrative officer.
Demarest also has experience working at
The Copeland Companies and
Wells Fargo Bank, where he had been cfo for the private banking group.
"When you bring a new ceo on, it is a very exciting time for a company. It usually means an expansion of the staff, and that is certainly happening with us,"
David Peckman, vice president of marketing, told the MFWire.com.
He was referring to the recent hiring of
Dennis Chookaszian as ceo.
Does this move mean that mPower will be going public in the foreseeable future? Officials at the firm aren't saying, but industry watchers know that the hiring of a cfo is a portent that that may very well be happening.
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