John K. Moninger, managing director of retail sales for Eaton Vance, has been elected chairman of the board of governors of the Money Management Institute (MMI), the national association representing the managed investment solutions and wealth management industry, for the coming year.
He succeeds Matt Witkos, president of Eaton Vance, who stepped down in April to become chairman emeritus. Prior to joining Eaton Vance in November 2012, Moninger served as executive vice president, advisory and brokerage consulting services, at LPL Financial Services.
Other appointments announced Wednesday were Joseph Schultz, senior vice president, head of intermediary sales for American Century Investments, as chairman-elect for 2014-2015; Lorna Sabbia, managing director, head of the managed solutions group at Bank of America Merrill Lynch, as treasurer; and John Sweeney, executive vice president of Fidelity Investments, as secretary.
Also elected to the board of governors were David Berkowitz, president of Lincoln Financial Network, the retail distribution arm of Lincoln Financial Group; Marc Brookman, managing director and associate director of the Consulting Group at Morgan Stanley Wealth Management; Mark Hancock, managing director at Goldman Sachs Asset Management where he leads the U.S. Advisor Sales Group; and Burt White, managing director and chief investment officer of LPL Financial.