More Cool Stuff Name (required) Mail (required) (not be published) Website Business News Make a comment Top of the News Non-Profits News Boys & Girls Club of Pasadena Welcomes New Board Members STAFF REPORT Published on Tuesday, June 30, 2020 | 11:12 am 88 recommended0 commentsShareShareTweetSharePin it STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday From Top clockwise: Darren Marco, Domenic Sciarra, Jeff Scofield, Cyril VergisOver the past few hectic months, the Boys & Girls Club of Pasadena has added four new members to its Board of Directors: Darren Marco, Domenic Sciarra, Jeff Scofield, and Cyril Vergis. Each of them brings a wealth of knowledge and experience to the Board.Darren Marco is Senior Vice President at Payden & Rygel where he has been for more than three years. He as previously with Toyota North America, Bank of America, Indymac Bank, and Nomura Securities International. Darren attended Princeton University where he majored in political science, and he earned his MBA from The University of Texas at Austin, Red McCombs School of Business. He has volunteered with the Tournament of Roses since 2012 and lives in Pasadena with his wife and children.Domenic Sciarra, once a “Club Kid” at BGCP, is the AVP, Manager for North American Distribution/Sales Operations at Capital Group, where he has over 19 years of mutual fund, institutional, private client, and financial services experience, with increasing responsibilities for business, people, project, technology, and management. He earned his Bachelor’s degree in Business and his MBA at the University of Riverside, and lives in Sierra Madre with his wife and young daughter. Domenic attended the Boys & Girls Club of Pasadena in the late 80’s and early 90’s.Jeff Scofield is the Branch Director-Senior Vice President with RBC Wealth Management in Pasadena. He was previously with Wells Fargo Advisors in Encino, US Trust in Pasadena, and Wells Fargo Advisors in Pasadena, as well as Banc of America Investment Services and Morgan Stanley. He serves on the Education Through Music Los Angeles Board of Directors and previously served on the Rosemary Children’s Services Board. Jeff attended UCLA where he majored in political science, and lives with his wife and three children in Altadena.Cyril Vergis is the Chief Operating Officer at Arosa+Livhome, a national provider of in-home care and care management services. He was previously the founder of Ananth LLC in Washington, D.C., Director of Strategic Development at Arosa Acquisitions in Durham, NC, and Operations Manager at National Education Initiative in Bethesda, MD, as well as holding positions with Alvarez & Marsal, Goldman Sachs & Co. and the Georgetown University Alumni & Student FCU. Cyril attended Georgetown University and Harvard Business School, and lives in Pasadena with his wife and baby daughter.“We are excited to welcome four outstanding community members to the Board, and look forward to serving together. Each of them adds unique perspective to our work and we are grateful to have them join us,” said Boys & Girls Club of Pasadena Board Chair, Brian Spaulding.Since 1937, the Boys & Girls Club of Pasadena has enriched the lives of young people in the community, enabling them to reach their full potential as productive, caring, healthy, and responsible citizens. Serving more than 1,900 youth, ages 6 – 18 annually, BGCP focuses on Academic Success, Healthy Lifestyle, and Good Character and Leadership. The Club experience fills the gap between school and home – year-round – providing a welcoming, safe, and positive environment in which kids and teens have fun, participate in life-changing programs, make friends and find encouragement with caring adults. The Club operates two locations in Pasadena: Slavik Branch on E. Del Mar Blvd., and Mackenzie-Scott Branch on N. Fair Oaks Avenue. 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Less than 2 weeks to go to sign up for the May 15th OCNJ Tri/Du. There are still spots available!The weather needs to clear up at some point and you may want to come out and test your spring workout legs!! If it’s your bike that needs some air in your tires, Tuckahoe Bike Shop will be on hand morning of the race!It is the 25th Annual and plenty of fun will be had! Since I am the 25 year race creator, coordinator and director… I will be suiting up this year and participating! I can’t think of anything more fun than to take the challenge with everyone. Whether you are our loyal participant, first timer, family, kid or Special Olympics Athlete after this many years I’m coming out to Swim, Bike & Run with you!For more information or to register www.ocnj.us/race-eventsCheck out the OCNJ Half Marathon 10 Mile Run/Walk and 5K Facebook page for a look at the 2016 Tri/Du Race shirt Design!If you are already signed up…thank you! Hope to see many of you soon!Your Biggest Fan! Lisa Rumer
Defined benefit (DB) pension schemes in the UK saw their deficits expand marginally last month while funding levels remained static, according to data from consultancy Mercer.Funding levels for the 350 largest DB pension schemes in the UK stood at 83% at the end of April, unchanged from the end of March, while the schemes’ accounting deficits rose to £128bn (€172bn) from £127bn, Mercer’s monthly pension risk survey showed.Asset values fell by £4bn between the end of March and the end of April, to stand at £625bn, while liability values were down £3bn at £753bn.The company said that, even though liability values had fallen during the period — driven by a rise in corporate bond yields — this had been offset by the fall in asset values. Ali Tayyebi, senior partner in Mercer’s retirement business, said: “The deficit remained substantially unchanged during April.”He said this masked quite big changes in corporate bond yields and market implied inflation over the one-month period.“This month, they happen to have had broadly opposite effects on the calculation of the liabilities,” he said.Tayyebi said this volatility was a continuation of a trend seen over recent months.Mercer said deficits at DB schemes had increased by almost 20% so far this year, and that it was disappointing for sponsors as well as trustees that the funding position was still weak.It observed that certain parts of the investment market had done well during April – equities in particular – while others such as interest-rate reductions had been negative.Le Roy van Zyl from the firm’s financial strategy group, said: “Dealing with the pension scheme risk at an acceptable cost is, therefore, very much about looking below the headlines.”He said schemes had to look at the individual financial drivers, as well as respond to emerging opportunities and threats.