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Rating:Three Out! Glavin Gains More Hiring Opps Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, April 09, 2010

Three Out! Glavin Gains More Hiring Opps

Reported by Neil Anderson, Managing Editor

Bill Glavin has three more opportunities to make his mark on different pieces of OppenheimerFunds. Even as it welcomes a new distribution chief, the New York City-based mutual fund firm says goodbye to its chiefs of communications, high net worth and national accounts, and it appears that none of the three have ended elsewhere yet.

A spokesman for the MassMutual subsidiary confirmed that OFI Private Investments president and CEO Donna Winn "decided to retire"; the spokesman also confirmed that Bruce Dunbar (senior vice president and head of communications) and Dave Robertson (head of national accounts) have left the firm.

The MFWire could not reach Robertson for comment. Dunbar and Winn both declined to comment for this story. And the OppFunds spokesman was not immediately able to comment on how Dunbar's, Robertson's and Winn's duties are being handled.

Winn, a 22-year Merrill Lynch veteran, spent the last decade at OppFunds, running the high net worth unit (OFI Private Investments). Dunbar joined OppFunds in 1992 and most recently oversaw advertising, employee communications, government relations, philanthropy and public relations.

Dunbar's departure comes even as two key public relations specialists are also leaving the firm. Jeaneen Pisarra, vice president and director of media relations, is joining outside PR firm JC Public Relations as an executive vice president. And media relations associate Kat Herring is heading to Credit Suisse.

OppFunds has seen a number of top level executive changes in the past two years, most notably in January 2009 when Glavin (the former chief of Babson Capital) took over from John Murphy as CEO. (Murphy stayed on as OppFunds' chairman for 2009.) Glavin has already had several other opportunities to put his mark on OppFunds by bringing in new talent. Recent top executive changes at OppFunds include:

  • December 2008: Geoffrey Craddock took the brand new post of senior vice president and director of risk management and asset allocation;

  • John Stoma, senior vice president and director of retirement plans, retires. Kathleen Beichert, senior vice president of retirement solutions, later took over retirement marketing and product, while directors Clint Modler and Paul Temple took over retirement sales.

  • January 2009: chief economist Jerry Webman passes his other job, director of fixed income, to Art Steinmetz;

  • April 2009: chief investment officer Kurt Wolfgruber stepped down. Glavin split Wolfgruber's duties between Chris Leavy as CIO of equities and Steinmetz as CIO of fixed income;

  • September 2009: Bill Carey joined OppFunds in the brand new role of head of distribution;

  • October 2009: Marty Willis took the new post of chief marketing officer;

  • January 2010: Carey departed OppFunds. Glavin later tapped Philipp Hensler to take Carey's place. 

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