October 26, 1998
Maureen Sweeney has been named managing director of Liberty Funds Distributor. Sweeney was previously division financial manager for Liberty Mutual. She has also worked at Monitor Co., Nomura Securities International and Wharton Econometrics. In her new position, Sweeney will be responsible for the overall management of sales operations.
Marybeth Whyte and Michael Obley have been named senior vice presidents of American General Investment Management LP. Whyte is working in New York and will be responsible for AGIM's municipal portfolio management. She comes from Salomon Brothers Asset Management where she was director and head of the municipal bond group. Obley is based in San Francisco and will be responsible for AGIM's institutional marketing program. He previously worked for ARM Capital Advisors, LLC, where he was senior vice president responsible for business development and client service.
Scott B. Schermerhorn has been hired by Colonial Management Associates as a portfolio manager for a new value equity fund that will be launched in November. Colonial currently offers eight value funds which it calls its "New Value" funds. Schermerhorn was previously employed by Federated Investors where he was head of the $5 billion value group. He was the portfolio manager for the Federated American Leaders Fund, which has $3.2 billion in assets under management. "(Schermerhorn's) arrival is the first step in building a complete lineup of traditional value funds," said Stephen E. Gibson, Colonial's president and chief executive officer.