Placemark Investments Inc., a provider of wealth management products and services, said that it has promoted Richard Dion to president and chief operating officer.
Mr. Dion was hired by Placemark in 2002 as a national sales manager and became the company's chief operating officer that year.
He has nearly 25 years of financial services experience. Before joining Placemark, he was the chief executive officer of Oberon Financial Technology, a fee-based technology services firm that Chicago wealth management adviser Envestnet Asset Management bought in 2005.
Earlier he had worked at Fidelity Investments in Boston for 15 years in a variety of senior sales and product development roles.
He will report to Lee Chertavian, Placemark's chairman and chief executive officer.
Mr. Dion is based in the company's Wellesley, Mass., office, and runs its operations, program implementation, technology, product development, client relationship management, and adviser sales.
Placemark, which announced the hiring Monday, has dual headquarters in Wellesley and Dallas. It manages over $7.5 billion of assets as the active overlay manager for unified managed account and multidiscipline separately managed account programs.
