Top of the Agenda - Industry Groups

IDC elects new chair: Allspring Funds' Ebsworth

The Independent Directors Council said Wednesday that William Ebsworth, an independent director of Allspring Funds, has been elected chair of its Governing Council. He succeeds Cynthia Plouché, who has served in the position for the past two years. Ebsworth joined the Allspring Funds board in 2015 (then branded Wells Fargo ... >> CONTINUE READING <<<

ICI's Pan rails against 'over-regulation,' warns of costs, consequences

By Hillary Jackson

Investment Company Institute CEO Eric Pan came out swinging on Tuesday, delivering keynote remarks to 2024 Investment Management Conference attendees in which he railed against "over-regulation" and vowed that ICI would continue to speak up and speak out. "ICI saw it coming. In 2021, we began warning about a change ... >> CONTINUE READING <<<

IDC Governing Council re-elects chair, adds vice chair

Independent Directors Council has elected Cynthia Plouché to a second one-year term as chair of its Governing Council and added a vice chair to serve with her for this term. Plouché is an independent director on the boards of Northern Trust Mutual Funds and MassMutual Funds, and her new deputy, ... >> CONTINUE READING <<<

ICI: Asset managers see increase in minorities, but a drop in women

By Hillary Jackson

Representation of minority groups in the asset management industry increased in 2022, while the amount of women decreased slightly, according to new data from Investment Company Institute. The results of a biennial survey, which ICI administered for the first time in 2020, "provide insight into the diversity of the asset ... >> CONTINUE READING <<<

IDC's Kim on SEC rulemaking and value of dialogue, transparency

By Hillary Jackson

Tom Kim and the Independent Directors Council will continue to pursue dialogue with and push for transparency from the Securities and Exchange Commission as the regulator considers how—and whether—to move forward with its hard close, mandatory swing pricing, and liquidity management rule proposal. Kim, IDC's managing director, told Fund Board ... >> CONTINUE READING <<<

Donohue to chair MFDF board

Buddy Donohue will become chair of the Mutual Fund Directors Forum board at the start of 2023, succeeding Kay Dryden, who has been in the role since mid-2018. A lawyer, Donohue has decades of experience in the mutual fund industry, having served as an in-house counsel and in private practice, ... >> CONTINUE READING <<<