Eeva Grannenfelt, head of corporate lending at Finland’s Elo, has left the pensions mutual after less than two years in her role.Grannenfelt – named Elo’s director of corporate lending, alternative investments and macro views when the provider was created from the merger of Pension Fennia and LocalTapiola in January last year – has left to pursue new opportunities, according to a company spokeswoman.Her departure has seen her responsibilities split between two other members of the €20bn mutual’s investment team.Effective immediately, director of real estate Timo Stenius will take on responsibility for private equity and corporate finance. Jonna Ryhänen, responsible for equities, fixed income and currency, will also take charge of all hedge fund investments.Both will report to Hanna Hiidenpalo, who will remain as Elo’s CIO.Prior to the two providers’ merger, Grannenfelt was CIO of Pension Fennia and also served as its director of capital markets and investment director.Last month, she was appointed to the board of Finnish software provider Solteq.
He told IPE the new appointment was not a material change in strategy but an evolution of the existing strategy for the Commissioners’ investment portfolio. The Church of England’s investment arm has appointed James Barty to the newly created position of director of investment strategy.He was previously head of global cross-asset strategy and European strategy at Bank of America Merrill Lynch, a role he held since March 2016. He also spent 16 years at Deutsche Bank, latterly as head of global equity and asset allocation, before co-founding the bank’s spin-out Arrowgrass Capital Partners, where he was head of macro strategy.At the £8bn (€8.9bn) Church Commissioners for England, Barty will report to Tom Joy, the Commissioners’ chief investment officer.Joy said: “[Barty] will be bringing his impressive track record in multi-asset investing at a critically important time for investors. We expect the next decade for markets across all asset classes to be very different to the one we have just experienced and managing overall portfolio risk, more dynamically, will become increasingly important.” James BartyThe CIO added: “We wish to add internal resource focused on asset allocation, strategy and overall portfolio risk and doing this will allow us to be more nimble and dynamic, which we believe is going to be more important in the next decade compared to the one we have just experienced.“This is especially important, we believe, at a time when traditional portfolio hedges like fixed income offer such poor prospective returns in real terms.”Barty said he had been “greatly impressed” by the Church Commissioners’ approach and its focus on responsible investment.His appointment follows the hire of Mary-Pat Barron as head of equities earlier this month. She joined from US investment firm Sawdust Investment Management Corporation to run the Commissioners’ £3.5bn equity portfolio.
The USC Sports Business Association hosted a panel Tuesday in the Ronald Tutor Campus Center with industry leaders Jeff Borris, a sports agent at Beverly Hills Sports Council; Steve Harden, Vice President of Sales at Oakley; Brendan Meyer, Senior Director of Digital Marketing at Wasserman Media Group; and Ryan Lawrence, Vice President of Business Development and Strategy at Relativity Sports.The event began with an introduction to the panel by senior Annenberg lecturer and Sports Business Association faculty advisor Jeff Fellenzer. Fellenzer dove right into a spirited conversation with the group, asking how they got to their current positions and what they look for in job candidates at their respective companies.Panelists share their success stories and advice with students. — Hailey SayeghBorris discussed his career path through law school along with how networking and persistence helped get him started.“A friend of mine from elementary school who was working full-time at BHSC invited me down to spring training while I was interning and I was able to recruit Jose Canseco as a client. It just took off from there,” Borris said. “It worked out so well I had to rearrange my law classes since I was so busy at work.”He has since negotiated over $1 billion worth of sports contracts for BHSC.Lawrence began his career on Wall Street and followed up by getting his MBA at USC Marshall School of Business four years ago.“Everyday when I go to work I’m excited about what I want to do [and] I was able to find my true passion and parlay a lot of what I learned on Wall Street into my current position,” Lawrence said. “USC was where I was able to hone in on my skills and really get a better understanding of what I wanted to do.”When questioned about a typical day in the life of each panelist, they all laughed and agreed that no two days were alike.“It depends on what time of the year it is,” Borris said. “Baseball’s offseason is my busy season, especially during salary arbitration when we have to prepare cases for each of our clients who are going through a process similar to a trial, which is where my law degree kicks in.”Harden splits his time between Northern California, where his family lives, and Oakley’s headquarters in Orange County.“I usually like to start my day around 6 a.m. and jump right into my work which then switches into meetings with my team,” he said. “Oakley has a young team in our office, which helps keep things moving and motivates me to always be on my toes.”USC alumnus Brennan Meyer started out in athlete marketing and has been with Wasserman Media for seven years. Meyer focused his words for the students on the importance of relationship building to growing a career in the sports business.“Its all about your ability to interact and carry on relationships with people,” Meyer said. “You never know when one person you were working with who is in a junior role on a deal will get a new job and become a decision maker at another company, that’s where the relationships come into play.”A theme echoed throughout the night by both Fellenzer and the panelists was how vital networking was to their own success and the future success of students in the audience. Harden asked the audience how many students had a LinkedIn account.“If you want to connect with me, send me a note and not just a general LinkedIn invitation, give me a reason to want to call you back,” he said.Sports Business Association President Brennan Wise, a sophomore majoring in business administration, was extremely pleased with the groups first event.“We were so excited to have such a great turnout at our first panel event,” he said. “Our goal is to engage as many students as possible across USC that are interested in Sports and Business by providing them with access to talented professionals in the Los Angeles area.”Fellenzer closed out the evening by discussing how important it is that all students, especially those in the Sports Business Association take advantage of the resources USC has to offer.“One of the great things about being at USC is the opportunity to connect with top people in their respective industries, in this case its sports and business,” Fellenzer said. “It shows how strong the USC brand is when industry leaders are willing to take time to connect with students and give them insight as to what its really like on the front line of their business.”Editor’s note: This post has been updated.