Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:LPL's Prez Takes Over an Insti Asset Manager Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 4, 2015

LPL's Prez Takes Over an Insti Asset Manager

News summary by MFWire's editors

The president of the largest independent broker-dealer in the business is heading to an institutional fixed income asset manager.

Yesterday Boston- and San Diego-based LPL confirmed that president Robert Moore will be taking over Legal & General Investment Management America as CEO. Meanwhile, LPL CEO Mark Casady has named LPL CFO Dan Arnold as Moore's replacement, effective March 13.

Lisa Shidler of RIABiz broke the news. InvestmentNews also covered Moore's departure. And this morning LGIMA confirmed Moore's appointment.

MFWire could not immediately reach a LGIMA spokesperson for comment on Moore's move.

Chicago-based LGIMA is the U.S. arm of London-based Legal & General Investment Management, which traces its roots back to 1836. LGIM launched LGIMA in 2006, with a focus on fixed income and liability-driven investing for institutional investors. As of October 31, 2014, the 75-plus LGIMA employees worked with more than $108 billion in assets under management.

Moore joined LPL in 2008 as CFO, and he rose to president and chief operating officer (though LPL later eliminated the COO title). An alumnus of the UT Austin and Northwestern, Moore previously rose to CFO of Diageo PLC, Europe and Great Britain. Later, before joining LPL, he held top roles at ABN AMRO North America and LaSalle Bank Corporation. He has served on LGIMA's board since 2008, the year he started at LPL.

At LPL, Casady is now searching for a new CFO to fill Arnold's old shoes, while Tom Lux is filling the spot on an acting basis. Arnold led the B-D UVEST for 12 years before LPL bought it in 2007. Since he's served as divisional president of institution services, managing director and head of strategy, and most recently as CFO.

Casady also promoted Andy Kalbaugh to divisional vice president for institution services and Bill Morrissey to divisional vice president for independent advisor services. Both Kalbaugh and Morrissey report to Arnold.

"I believe deeply in LPL's mission and remain an advocate and friend of the organization. I know that I am leaving a great team in place to move this mission forward," Moore tells MFWire in an emailed statement. "Joining LGIMA is an exceptional opportunity to lead another talented team and to shape the future of a thriving global asset management firm."

Casady, chairman and CEO of LPL, offered this emailed statement to MFWire:

We are excited for Robert and congratulate him on his new role. We are always supportive of employees at any level of the company doing what is best for their careers and families. We thank Robert for his contributions to LPL and wish him all the best. At the same, we are excited for the future of our business under Dan's leadership as president. With extensive experience driving sustained revenue growth and a deep knowledge of our advisors' and institutions' business, I am confident that he will bring a fresh perspective to the support of our clients and a disciplined approach to the growth of LPL's business."


LPL supports more than 14,000 advisors. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use