Top of the Agenda - Succession

Morningstar Funds adds new independent

Morningstar Funds is adding a financial services industry veteran with deep regulatory and public policy knowledge to its boardroom. Jennifer Choi, who spent 10 years at Investment Company Institute and is now a lecturer at the George Washington University School of Law, will join as a fourth independent director on ... >> CONTINUE READING <<<

Fourth independent added to AST boardroom

By Hillary Jackson

A year after embarking on what independent Chairman Raymond Woolson said would be a "holistic" examination of its composition and needs, the board of Advisors Series Trust has hired a new independent director. The new addition "enhances the board composition and sets us up well for the future," Woolson told Fund ... >> CONTINUE READING <<<

SunAmerica series trusts search for independent

The board overseeing 80 funds in the SunAmerica Series Trust and Seasons Series Trust is searching for a new independent director, even as it welcomed its newest member into the boardroom just last week. Succession planning, recruitment, and hiring has been on the board's agenda for several years, as two ... >> CONTINUE READING <<<

Two new directors join Principal Funds boardroom

By Hillary Jackson

The Principal Funds board added two new independent directors at the start of the year, a move designed to ease the transition when two long-serving members retire at the end of 2023. According to a spokesman for the adviser, the board's recruitment efforts in recent years have resulted in a ... >> CONTINUE READING <<<

TIAA-CREF Funds adds two to boardroom

By Hillary Jackson

The all-independent board overseeing TIAA-CREF Funds has bumped up in size to 11 with the addition on Jan. 1 of two new independent directors. There have been some moving pieces in the TIAA-CREF Funds boardroom in the past year, with two long-serving members retiring last year, and Loren Starr, former ... >> CONTINUE READING <<<

Manning & Napier Funds searching for independent

By Hillary Jackson

The Manning & Napier Funds board is conducting an independent director search following a departure earlier this month. Interested Chairman Paul Battaglia told Fund Board Views the board remains "in good shape" despite the vacancy and has embarked on a search for a new director. Another independent director, and 26-year ... >> CONTINUE READING <<<