Top of the Agenda - Succession

Wasatch Funds adds director ahead of retirement

By Hillary Jackson

Wasatch Funds has added a fifth independent director ahead of a retirement—and loss of "deep industry knowledge"—at year-end. The addition allows for an overlap of several months before the all-independent board returns in January to its normal size of four directors around the table, Chairman Heikki Rinne told Fund Board ... >> CONTINUE READING <<<

UBS money funds board expands by two

By Hillary Jackson

One new director and a former director have joined the all-independent UBS Series Funds board, which oversees money market funds managed by New York-based UBS Asset Management. The additions boost the number of individuals around the board table to six and double the number of female directors serving.

The four veterans ... >> CONTINUE READING <<<

Manning & Napier Funds fills empty seat

Manning & Napier Funds has hired a new independent director following a departure from the board last fall, though another seat opened up just two weeks later when a long-serving director retired. Eunice Chapon, who has legal and asset management industry experience, joined in mid-May as the board's only female ... >> CONTINUE READING <<<

New interested chair takes over Principal Funds

By Hillary Jackson

The Principal Funds board has named a new interested chairman to take over from Timothy Dunbar, who has stepped off the board after retiring in 2021 from his role as president of global asset management at adviser Principal Asset Management. The new leadership is the latest in a series of ... >> CONTINUE READING <<<

Retirement leaves seat open on Tributary Funds board

The board overseeing Omaha-based Tributary Capital Management's six open-end mutual funds has an empty seat around the table since its longest-serving independent director stepped down about two weeks ago. The departure leaves the board with three independent and two interested directors.

Robert Reed, 82, served on the Tributary Funds board for ... >> CONTINUE READING <<<

Independent takes helm of Brown Advisory Mutual Funds

By Hillary Jackson

The board of Brown Advisory Mutual Funds has installed an independent chairman to replace insider Joseph Hardiman, who retired at 85 at the end of March. Hardiman's seat in the boardroom is being filled by an interested director, which will maintain the board at five independent and two interested directors; ... >> CONTINUE READING <<<