A Seat at the Table

Hancock's McClellan on building a better board

By Hillary Jackson

John Hancock Funds Chairman Hassell McClellan is a Boston guy these days, so when he thinks about succession planning in the boardroom he leads, he points to the Boston Celtics basketball franchise and the New England Patriots organization as the standard bearers. "We want to build our board like the Celtics ... >> CONTINUE READING <<<

RBB Fund chair aims to 'field best team' in boardroom

By Hillary Jackson

The board of series trust RBB Fund spent more than a year recruiting and hiring its newest director, and independent Chairman Arnold Reichman says he and his fellow directors remain in recruitment and succession planning mode. With an aging board population and a growing, evolving asset base, it makes sense ... >> CONTINUE READING <<<

abrdn ETFs board taps ex-Willkie lawyer for expertise, focus

By Hillary Jackson

When the abrdn ETFs Trust board set out to hire a new independent director earlier this year, its members focused on two things: deep knowledge of the '40 Act exchange-traded funds space and a legal background. They found both those attributes—and more—in the newest director to join the abrdn ETFs ... >> CONTINUE READING <<<

Touchstone grows board in line with assets, fund lineup

By Hillary Jackson

Touchstone Investments completed its acquisition of AIG Life & Retirement's retail mutual fund business on Monday, growing its assets under management by 20% and expanding its mutual fund board's remit in the process. As a result, the board is asking shareholders to approve the addition of two new directors—one independent ... >> CONTINUE READING <<<

Invesco Funds chair talks board changes, resuming in-person meetings

By Hillary Jackson

Provided COVID-19 protocols at the time allow for it, the Invesco Funds board is planning to meet in person before the end of the year, ideally in September but maybe not until the December meeting. When they do get back together, the board members will do so with more efficient ... >> CONTINUE READING <<<

PartnerSelect Funds' Allecta: How to double board size in three weeks

By Hillary Jackson

It might be an understatement to say that the three independent directors who oversee Litman Gregory Asset Management's PartnerSelect Funds have had a busy few weeks. Between mid-February and early March, they were succession planning, recruiting, interviewing, making offers, and completing checks for conflicts of interest. The decision to double ... >> CONTINUE READING <<<