US - Merrill Lynch Investment Managers (MLIM) has hired Dick Hoag, Gartmore Global Partner's US marketing chief, as its new marketing managing director.
Hoag, who was executive vice president and managing director at Gartmore, will oversee the firms efforts in the large market corporate pension plans, endowments, and foundations area. He will report to James Kase, managing director, US institutional distribution group.
The appointment of Hoag comes as MLIM reorganises its marketing department. The firm claims that the reorganisation will improve efficiency through better co-ordination of efforts and communication initiatives to management and throughout the organisation.
MLIM's marketing division has been split into four divisions - large market corporate pension funds, endowments and foundations with more than $1bn; public pension plans with more than $1bn; consultants; and channels, which will link clients to the benefits of the larger Merrill Lynch organisation as well as take responsibility for clients with less than $1bn in assets.
Prior to his arrival at MLIM, Hoag spent the past three years as Gartmore's marketing chief. Before that he worked at Bankers Trust, Mitchell Hutchins Asset Management, Daniel Breen & Co, and AMR Investment Services.
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