Top of the Agenda - Succession

AST invites two new independents into boardroom

By Hillary Jackson

The Advisors Series Trust board has nominated two new independent directors, a move that will enlarge the group ahead of the retirement of its longest-serving member at the end of 2025. Shareholders are scheduled to vote on the nominees—including one director who began serving 18 months ago—on Aug. 27. "We ... >> CONTINUE READING <<<

Neuberger Berman seeks to replace Adm. Stavridis

By Hillary Jackson

Neuberger Berman Funds is in the process of filling a seat vacated at the end of June when Admiral James Stavridis stepped off the board, according to independent Chairman Tom Seip. The new independent director should be in place by the board's late-September meeting, Seip told Fund Board Views. "We ... >> CONTINUE READING <<<

Morgan Stanley Funds adds financial services pro to board

Morgan Stanley Funds has added a veteran of the financial services industry to the boardroom, expanding the group around the table back up to 11 members following the retirement six months ago of Joseph Kearns, who had served for nearly three decades. This is the latest development for a board ... >> CONTINUE READING <<<

Alger Funds nominates three new independents

Alger Funds is replenishing its board following recent retirements and to gain more flexibility when future vacancies arise or if it decides to enlarge the board at some point. Shareholders in Alger's 32 open-end and exchange-traded funds will vote in mid-August on the nominations of three new independent directors, as ... >> CONTINUE READING <<<

New Vanguard leadership includes first-ever independent chair

By Hillary Jackson

When former BlackRock executive Salim Ramji takes the helm next month at Vanguard, the asset management behemoth's board of directors also will install its first-ever independent chairman. Both appointments are a departure from the norm at Vanguard, which until now has promoted from within at the adviser and maintained a ... >> CONTINUE READING <<<

Industry veteran Plaze joins WisdomTree Trust board

WisdomTree Trust has added fund industry lawyer and regulator Robert Plaze to its board, which oversees nearly 80 U.S. and international equity exchange-traded funds. Plaze, the second new independent director to join the boardroom this year, retired from Proskauer Rose LLP in March after seven years at the firm.

With the ... >> CONTINUE READING <<<