Red Bank, N.J.-based WBI has promoted Matt Woehnker to director of business development. His responsibilities include overseeing sales and distribution for the firm’s institutional channels, as well as expanding and maintaining broker-dealer relationships. Woehnker joined the firm in 2012 as regional director.

His previous work experience includes serving as a business development associate at Black Rock’s iShares and a regional consultant at Lord Abbett.

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