On October 31, Thomas Faust became chairman and CEO of Eaton Vance, succeeding James Hawkes, who retired. This changing of the guard was announced in early 2006.
Faust has been with Eaton Vance since 1985, when he joined as an equity analyst. He served as chief investment officer since 2001.
Robert Whelan became CFO of Eaton Vance on October 31, following the retirement of William Steul. Whelan began work at Eaton Vance in April after serving as CFO of Boston Private Management Group, as well as CFO of MFS Investment Management. Eaton Vance had more than $153.5 billion of assets under management as of August 30.
Matthew Witkos was appointed president of Eaton Vance Distributors in May. He joined the firm from IXIS Asset management Advisors Group. In late July, Eaton Vance introduced a new closed-end fund, the Eaton Vance Risk-Managed Diversified Fund (ETJ) through an IPO that raised $1.3 billion. The investment advisor and distributor manages more than 160 mutual funds.
Old Mutual Capital, operator of Old Mutual Asset Management, says it has four new sales executives. “Through their efforts, Old Mutual will expand and deepen its relationships across key distribution Channels,” explains Bruce Johnston, CEO, Old Mutual Investment Partners (OMIP).
The four new members of Old Mutual’s distribution team are: George Endres, who joined the firm from Sentinel Financial Services and previously had a 16-year career at Merrill Lynch; Jim Gallagher, a 20-year Merrill Lynch veteran and former executive for Dreyfus Investments; Mark Kiniry, formerly of Delaware Investments/Lincoln Financial Distributors and Pioneer Investment Management; and Debra Landsman-Yaros, who also has worked at Delaware Investments and Merrill Lynch.
“These four new appointments are indicative of Old Mutual Capital’s commitment to earn the trust and confidence of a growing base of financial advisors,” adds Johnston.
In July, Old Mutual introduced a new website (www.oldmutualfunds.com) for financial advisors and individual investors, complete with a learning center and investment tools. Clients can now transfer assets across the firm’s entire fund platform online.