Former Piper Jaffray and GlobalBridge executive joins wealth team. Ross Rogers has been hired to run Comerica Securities and Comerica Insurance. Rogers had been president of Minneapolis-based separately managed account (SMA) provider GlobalBridge Advisors.

Rogers, a 28-year veteran of the financial service business, replaces Michael Conway as CEO of Comerica’s brokerage and insurance distribution businesses, reporting to Dennis Mooradian, head of Comerica’s Wealth & Institutional Management division. Conway, meanwhile, “will focus solely on his duties as regional managing director of Comerica’s Wealth and Institutional Management division in Michigan,” according to a Comerica press statement issued on 8 June.

In a 27 May press release, GlobalBridge CEO Kelly Thomas Coughlin said he was “saddened” by Rogers' departure. “As a pioneer in the SMA arena, he was instrumental in focusing our resources on the areas of greatest potential and building our presence in the marketplace” Coughlin added that he’d assume Riger’s responsibilities unril a replacement was – an appointment he said was imminent.

Before joining GlobalBridge in 2003, Rogers was president of Minneapolis-based Piper Jaffray’s Private Advisor Services division.

Besides brokerage and insurance, Comerica’s Wealth and Institutional Management unit includes private banking, personal trust services, and as well as asset management under the Munder Capital, Wilson Kemp and Framlington brands. –FWR

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