People On The Move
Former Maryland Insurance Commissioner R. Steven Orr has been named president of Life Settlement Providers LLC, a Maryland-licensed life settlement provider and a leader in the secondary market for life insurance policies. Orr will be responsible for overseeing Life Settlement Providers' marketing, regulatory and legislative activities beginning December 1. Prior to his position as insurance commissioner, Orr was senior vice president and chief information officer for the Universal Underwriters Group (part of Zurich Financial Services Inc).

Douglas S. Rogers, CFA, author of Tax-Aware Investment Management: The Essential Guide, has joined Laird Norton Tyee, the Pacific Northwest's largest privately held wealth management firm with nearly $5 billion in assets under management, as chief investment officer. Prior to joining Laird Norton Tyee, Rogers was chief investment officer and managing director at CTC Consulting.

Vahan Janjigian has joined the Investment Committee of Hillview Capital Advisors LLC, in New York City. He is editor of the Forbes Growth Investor and Special Situation Survey investment newsletters. He also hosts MoneyMasters with Vahan Janjigian on the Video Network and is co-author and editor of the Forbes Stock Market Course.

Franco Moccia has joined Stanford Financial Group Latin America in Miami as managing director. Moccia is responsible for all of Stanford's operations throughout Latin America, including its offices in Mexico, Panama, Venezuela, Colombia, Ecuador and Peru. Before joining Stanford, Moccia worked for Citibank for 22 years and most recently was president for Citibank in Colombia, serving as country corporate officer for that country.

U.S. Trust, Bank of America Private Wealth Management has announced three appointments in Columbia, S.C. They include Paul Trippe, as market investment executive for South Carolina and John Cullum and Athena Leventis as private client consultants in Columbia. Previously, Cullum and Leventis are part of an overall effort to increase the number of client-facing professionals at U.S. Trust to better serve wealthy clients. In 2007, U.S. Trust hired more than 200 professionals throughout the country and the organization continues to expand.

Danielle M. Touri has been named a business development consultant for Concord, a company based in Matawan, N.J., that provides wealth management services for trust and private banking firms, independent financial advisors, broker-dealers and family offices.

Platform For Restricted Securities Trading
Restricted Stock Partners (RSP) has secured a funding commitment from Pequot Ventures that will help it launch a proprietary electronic trading platform for the Restricted Securities Trading Network (RSTN), the largest marketplace for restricted and other illiquid securities, in the near future.

Pequot Ventures, the New York-based direct venture investment arm of Pequot Capital Management Inc., has approximately $2 billion of committed capital. The investment includes a future funding commitment.

The RSTN, a proprietary network of institutional and accredited investors engaged in buying and selling restricted securities, has more than 300 members, including global financial institutions, hedge funds, mutual funds and other institutional investors, who collectively manage more than $200 billion in assets.

Restricted securities-including unregistered, control and affiliate stock and warrants-are a $1.2 trillion asset class, according to Depository Trust and Clearing Corporation. Restricted securities are commonly issued through private placements, corporate mergers and reorganizations, and as compensation.