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UMB Hires New COO

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MILWAUKEE (–UMB Fund Services hired Stephen Leonhardt as chief operating officer, a new position.

Mr. Leonhardt will oversee daily operations and concentrate on improving product delivery using new technology, according to a news release from the company.

UMB Fund Services handles the administration, accounting, transfer agent and distribution functions of UMB Investment Services Group, part of UMB Financial Corp., Kansas City, Mo.

Vince Ciavardini, president and chief executive of UMB Investment Services Group, said Mr. Leonhardt’s experience would be valuable as UMB Fund Services expands its business. “He is charged with making sure UMB Fund Services is delivering the highest quality investment services offerings to our clients in the most responsive manner possible each day,” Mr. Ciavardini said in a statement.