Lois Towers to Join McHenry Group Management Team
EMERYVILLE, CA, August 1, 2006 -- The McHenry Group, LLC announced today that Lois Towers, the current U.S. Chief Compliance Officer (CCO) for Barclays Global Investors (BGI) will join the McHenry business management team. Towers has been an investor and Advisory Board member of McHenry for a number of years. Upon her departure from BGI later this year, she will assume an active role as a Managing Director with McHenry as the firm’s line of business leader in global compliance and risk management services.
Towers has over 25 years of compliance experience, including senior compliance positions with Fidelity Investments and Charles Schwab & Co., as well as CCO roles at both Linsco/Private Ledger and BGI. She has supported both institutional and retail units at those firms. Her involvement in cross-border regulatory initiatives, service partnerships and the development and launch of the iShares® family of Exchange Traded Funds (ETFs) are some of the many contributions she made during her 7+ years with BGI.
Towers recently announced her departure from BGI to assume a more active role at McHenry. A search is under way for her replacement at BGI and she will stay in place until a transition is accomplished. In addition to support for her replacement and transition, Towers will also spend time in Africa for a previously-scheduled attempt to reach the summit of Mt. Kilimanjaro in Tanzania (19,340 feet).
A McHenry affiliate, PlanTools, LLC provides hosted technology solutions to brokers, banks and other financial institutions. The PlanTools™ Risk Management System helps retirement plan advisors and consultants to provide fiduciary services to retirement plans and other investors which are subject to regulatory requirements for the assessment and documentation of client needs, constraints and objectives. The outsourced analytic and reporting services provided by PlanTools™ also deliver on-going standards-based performance reporting to ensure appropriate monitoring of client portfolios tied to investment policies. The PlanTools™ platform provides fiduciary reporting for over 3,000 retirement plans supported by the system’s licensed users – both financial advisors and institutions.
In her new role at McHenry, Towers will manage all regulatory-related issues in the PlanTools™ offering and will also lead McHenry’s consulting service offering to financial institutions. Such engagements deal with regulatory requirements driven by securities and banking mandates, including cross-border and global coordination of anti-money laundering, corporate governance and fund management issues.
About The McHenry Group
The McHenry Group, LLC provides business risk management and compliance solutions to meet the needs of regulated institutions, financial professionals and fiduciary investors. We have a simple mission – to help clients manage risk and return – helping to grow the value of their business. McHenry’s clients include banks, mutual funds, insurance companies, broker dealers and retirement service providers. PlanTools, LLC is a wholly owned subsidiary that provides technology-based investment reporting or advisory services. For more information, visit http://www.mchenrygroup.com.
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