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Oxford Financial Group Ltd., an Indianapolis-based wealth management firm, has hired Lorelei Tolson as director and client service adviser in its Indianapolis office.

As a director and client service adviser, she will serve established clients and develop new business within the Indianapolis market.

Most recently, Ms. Tolson, 48, served as senior manager in the tax department of New York-based Ernst & Young LLP’s personal-financial-services group, where she managed a book of business comprising high- and ultrahigh-net-worth individuals and families. Additionally, her experience managing personal financial tax issues enabled her to assume a number of leadership roles during her 14-year tenure at Ernst & Young, as well as numerous requests for speaking, teaching and editorial engagements.

Ms. Tolson is a certified financial planner, certified investment management analyst and certified public accountant/personal financial specialist, and has her Series 65 securities license.

Ziegler Capital Management LLC, the Milwaukee-based asset management arm of B.C. Ziegler & Co., has hired Stephen Reynolds as a senior vice president on its institutional sales team.

Mr. Reynolds, 40, was a vice president and institutional-sales account manager responsible for the development of new subadvisory and distribution relationships at Pacific Investment Management Co. in Newport Beach, Calif. He has more than 16 years’ financial service experience with different firms, including Ibbotson Associates Inc., Thompson Financial and Northern Trust Corp.

US Fiduciary Inc., a Houston-based financial advisory firm, has named Robert M. Drake, formerly with New York-based Smith Barney, president and chief operating officer.

Mr. Drake, 60, has more than 25 years’ securities experience in leadership, management and sales functions. He has been a manager at several large financial services companies, including Wachovia Corp., Morgan Stanley and Smith Barney, the broker-dealer arm of New York-based Citigroup Inc.

In addition, U.S. Fiduciary has hired Jeffery Sills, 54, as a divisional officer; Keith Roberts, 46, as vice president of operations; and Michael Walton, 33, as director of adviser services.

Mr. Sills, a certified financial planner and chartered financial consultant, has more than 22 years’ securities sales and management experience. At Smith Barney, he spent 12 years in branch management and 10 years as national director of sales for personal financial planning and Northeast director of mutual fund, insurance and annuities.

Mr. Roberts has 22 years’ securities operations and compliance experience, most recently with Stanford Financial Group Co. in Houston.

Mr. Walton was with AIM Investments, also in Houston.

NPB Financial Group LLC, a Burbank, Calif.-based broker-dealer firm, has hired Thomas J. Reichert as an office of supervisory jurisdiction branch manager in San Diego.

Mr. Reichert, 76, is a certified financial planner and was an OSJ branch manager for Los Angeles-based Associated Securities Corp. for 18 years. He entered the securities industry in 1966.

Thornburg Investment Management in Santa Fe, N.M., has added Frances D’Alessio, 38, to its institutional group as a senior portfolio specialist.

She spent the last 10 years at Lord Abbett & Co. LLC of Jersey City, N.J., beginning as a client relations manager and moving up to client portfolio manager for the large-cap-/multi-cap-value institutional client service group.

FBR Capital Markets Corp. of Arlington, Va., has hired Russell M. Parker, 48, as chief marketing and distribution officer for its mutual funds, alternative-investment vehicles and other asset management products.

He has worked in sales-and-marketing management for several leading financial services firms, most recently as president and chief distribution officer for Active Investment Advisors Inc., an Oakland, Calif.-based division of Paris-based Natixis Asset Management Advisors LP, where he introduced index- and ETF-based investments to the marketplace.

Earlier, Mr. Parker launched the Janus Adviser Series of funds for Denver-based Janus Capital Management LLC. He also has directed national account and broker-dealer sales efforts for Chicago-based Nuveen Investments LLC.

Stanford Group Co., a Houston-based network of financial services companies, has hired Jan Wald, 56, as managing director in the medical-technology department within its institutional division.

He will be based in Boston and will cover the medical-technology sector, emphasizing companies focused on cardiology, neurology and biologics.

Mr. Wald has been in the financial services industry since 1998, serving most recently as a medical-technology analyst and health-care group leader at St. Louis-based A.G. Edwards & Sons Inc.

Prior to becoming an analyst, he spent more than seven years at St. Paul, Minn.-based Guidant Corp., where he held management and staff positions in its clinical and research-and-development departments, and was responsible for tachyarrhythmia clinical submissions, as well as implantable defibrillator design and development.

Mr. Wald has also worked with Minneapolis-based Honeywell Inc., where he held management and research scientist positions focused on image processing and robotic applications.

Stanford Group has also hired Thomas Rudkin as managing director and head of the financial-institutions group in its New York investment banking office.

Mr. Rudkin, 55, brings more than 20 years’ investment banking experience to Stanford in mergers and acquisitions, public offerings, private placements and strategic-planning transactions.

His prior experience includes managing director roles with The Kafafian Group, a Parsippany, N.J., bank consulting business, and Keefe Ventures, LLC, a registered broker-dealer in New York specializing in private placements and M&A.

New York Life Insurance Co. has rehired Steven D. Lash as senior vice president in the corporate-finance department and promoted Richard J. Witterschein to first vice president and treasurer.

Mr. Lash, 42, is responsible for managing several of New York Life’s core financial functions, including the actuarial, tax and treasury departments, and all facets of corporate development, including strategic planning, mergers and acquisitions, and relations with investors and rating agencies.

He most recently served as principal within the insurance and actuarial-advisory-services division at Ernst & Young LLP in New York. Before that, he spent five years with Chase Manhattan Bank in New York as vice president of insurance corporate finance. Mr. Lash began his career with New York Life in 1987 as an actuarial assistant.

Mr. Witterschein, 45, is responsible for the overall management of the treasury department, including cash and liquidity management, and bank relations.

He joined New York Life in 1996 as a director in the treasury department. Mr. Witterschein was promoted to assistant vice president in 1997, corporate vice president in 2000 and vice president in 2006.

Focus Financial Partners LLC, a New York-based independent- fiduciary-wealth-management firm, has added Richard P. Gill as vice president and Bettina R. Eckerle as general counsel.

Formerly with The Charles Schwab Corp. in San Francisco, Mr. Gill, 30, will lead strategic efforts to support brokers in transitioning to becoming independent advisers.

He will work with brokers and registered reps who have gone independent, helping to find opportunities for them to partner with Focus.

At Schwab, Mr. Gill advised Schwab Institutional’s senior executives on potential acquisition targets and coordinated due diligence efforts.

Ms. Eckerle, 44, will oversee all legal activities and external law firm relationships for Focus.

She was the general counsel of DigitalGlobe Inc., a commercial earth imagery and geospatial information market company in Longmont, Colo.

Ms. Eckerle joined DigitalGlobe from the New York law firm Wachtell Lipton Rosen & Katz, where she served domestic and international corporate clients in mergers and acquisitions, financings and general corporate advice.

MAI Wealth Advisors LLC, a Cleveland-based wealth management firm, has hired Ken Ostrowski, 59, as office managing director, Martin Christ, 35, as office director and John Zaller, 22, as an associate in the investments group.

Mr. Ostrowski, who has more than 20 years’ investment management industry experience, most recently was director of institutional sales at MayerCap LLC in New York. 

Mr. Christ has seven years’ investment industry experience.

Previously, he was vice president of investor relations at Verus Investment Management in Highland Hills, Ohio, and manager of marketing administration and reporting at Shaker Investments in Cleveland.

Mr. Zaller previously worked as a summer in-tern for both MAI and Wachovia Securities LLC of Richmond, Va. At the University of Dayton (Ohio)’s Davis Center for Portfolio Management, he served as a portfolio manager for the $6 million student-run Flyer Investments fund. 

AIG SunAmerica Retirement Markets Inc. of Los Angeles has named Christopher Carey, 37, vice president of the national-accounts department.

Based in Rhode Island, he will be responsible for account relationships within the wirehouse channel.

Mr. Carey has more than 14 years’ experience in the financial industry, most recently as vice president and channel head for the wirehouse/regional division at Allianz Life Financial Services of Golden Valley, Minn., where he was responsible for sales, relationship management and strategy.

Prior to that, he spent 12 years at Boston-based Putnam Investments, where he held several positions within the retail and institutional sales groups.

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