A Seat at the Table

IDC's Lancellotta on growth, innovation, what's next

By Hillary Jackson

When Amy Lancellotta started working at the Investment Company Institute in the late 1980s, there was less than $1 trillion in assets in U.S. regulated open-end funds; today, just three decades later, there's more than $21 trillion. That phenomenal growth—supported by a surge in retirement assets and exchange-traded funds, as ... >> CONTINUE READING <<<

Columbia Funds Chair Boudreau prepares to retire

By Hillary Jackson

Edward Boudreau will retire from the Columbia Funds board at the end of this year after serving for two years as independent chairman and 14 years as an independent director. As he looks back on his years in the boardroom and decades in the financial services industry, Boudreau said he's ... >> CONTINUE READING <<<

ARK Funds' chair says role fun, unique

By Hillary Jackson

"This is the most fun I've had because the investment thesis is so intriguing, and the investment process is so unique." That's how Darlene DeRemer describes her job as independent chair of ARK Funds, a position she's held for the past five years and which she takes very seriously. And ... >> CONTINUE READING <<<

Invesco Funds board finalizes succession plans

By Hillary Jackson

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett reaches the board's mandatory retirement age of 75 this year, but his term has been extended through the end of 2020 to ensure continuity ... >> CONTINUE READING <<<

Morningstar Funds chair on building a board from the ground up

By Hillary Jackson

Chairing a mutual fund board is a lot of work, especially when it's time to recruit new members. Theresa Hamacher knew this when she was interviewing to head up the board that would oversee the then-in-development Morningstar Funds in June 2017. She had worked in the fund business for decades, ... >> CONTINUE READING <<<

Ariel Funds LID: Be intentional about board diversity

By Hillary Jackson

The board overseeing Ariel Funds is among the most diverse in the business, when measured by gender, race, and background/skills. And while it may seem like achieving this would be somewhat easier given the funds' adviser—Ariel Investments is the largest African American asset manager in the country—the board's leadership has ... >> CONTINUE READING <<<