Paul Kang (A.B. '08)
Paul Kang has been appointed as the Vice President of Retail Acquisitions at Continental Realty Corporation. Paul will coordinate all due diligence and closing activities in addition to leading the company’s acquisition team focusing on markets throughout the Mid-Atlantic and Southeast regions. From the Continental Realty Corporation website, “Continental Realty Corporation (CRC) operates with one straightforward mission: to be the best commercial and multifamily real estate investors and operators in the business. Our core values are the key to our success and will continue to ensure a healthy future for our company.”
Read more about Paul’s new position here!
Andre Prawoto (A.B. '89)
Andre Prawoto joins INTECH Investment Management LLC as Chief marketing Officer. Prawoto will be responsible for INTECH’s marketing and product management functions, helping the firm develop and penetrate new investor segments while deepening ties with its existing institutional client base. “At INTECH, we approach equity portfolio construction differently from most other managers – quantitative or fundamental. We view volatility as a source of potential reward rather than a source of risk. We attempt to "capture" that natural volatility in the form of an excess return by systematically rebalancing stocks back to their target weights. We don't make any assumptions about the economy, the stock market, individual companies or any other factors to construct our clients' portfolios. This methodology is unlike other managers, most of whom select stocks for their portfolios based on a company’s fundamentals (e.g., P/E ratios, cash flow, etc.). Our process is based on establishing a portfolio of stocks with weights that differ from those of the benchmark, taking into account volatility and correlation characteristics. Stocks that behave differently from other stocks create an opportunity to capture their price movements by rebalancing stocks back to their target weights – systematically buying shares as stock prices move down and selling shares as stock prices move up, thereby capturing some of those price movements in a trading profit. Over time, this sophisticated ‘buy low/sell high’ methodology creates a stable and persistent positive alpha source. At INTECH, we believe that our responsibility to our clients doesn't end with generating alpha. Because volatility can rapidly destroy wealth, we have specific risk controls embedded into our investment process to help protect our clients' portfolios through many different market cycles. We believe this is the real value we provide to our clients.” This information comes from the companies website.
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Rick Miller (A.B. '89)
Rick Miller has been appointed Chief Operations Officer at Trustwave. This role is newly created and leads the company’s portfolio of professional, delivery and managed services. Miller is responsible for the global network of Trustwave Security Operations Centers, the company’s global compliance and risk services, Trustwave Managed Security Services, the Trustwave SpiderLabs services team, and customer support. According to their website, “Trustwave helps businesses fight cybercrime, protect data and reduce security risk. With cloud and managed security services, integrated technologies and a team of security experts, ethical hackers and researchers, we enable businesses to transform the way they manage their information security and compliance programs.”
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Bruce Vandegrift (A.B. '73)
Bruce Vandegrift joins Chemical Bank Wealth Management as Personal Trust Business Development Officer for the west Michigan region. Vandegrift will be responsible for assisting customers in creating, preserving and protecting wealth, while planning for its transfer in fulfillment of family estate planning, business succession planning and philanthropic planning. “Since 1917, Chemical Bank’s home town approach to banking has been focused on community banking, highlighted by local leadership and decision making, a devotion to community and personalized service. Chemical Financial Corporation is the second largest banking company headquartered and operating branch offices in Michigan. The Corporation operates through its subsidiary bank, Chemical Bank, with 185 banking offices spread over 47 counties in Michigan. At December 31, 2015, the Corporation had total assets of $9.2 billion.” This information comes from their website.
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Thomas Rudnick (A.B. '92)
Thomas Rudnick is joining SimpleFi Solutions LLC as Managing Director and Partner to lead the new analytics practice. According to SimpleFi, they “deliver SAP financial solutions for the office of the CFO. We architect and implement best of breed organizational analytics, reporting, consolidation and planning solutions. Our senior leadership team averages 15 years finance / accounting experience with 8+ years implementing EPM, specifically SAP’s flagship SAP BPC application. With in depth knowledge of accounting and finance best practices we commonly act as trusted advisors to C-level leadership.”
Read more about Thomas’ new position here!