Lipper Calls for Peace
October 1, 2001
Underscoring its intentions to continue expanding globally, Lipper said last week that Michael Peace, managing director of the fund researcher's Asia operations, will oversee the firm's multinational operations as its new CEO.
Peace will replace current CEO Sarah Dunn She, meanwhile, has been promoted to a position at Lipper's parent company, Reuters Group, where she will head corporate and media services for the company's customer segment.
In announcing the changes, Dunn said Peace has "broad international experience" that fits well with Lipper's continuing plans to become a global force.
In an email to MFMN, Peace wrote that he sees the industry's bent on global expansion through mergers, acquisitions and developing new distribution channels for overseas local markets as an opportunity for Lipper to offer its services in new regions.
"Our philosophy is that there is no such thing as a global funds market, simply local markets with some global themes and practice," he wrote. The company "recognizes this in terms of producing funds analysis in each center with local people, local expertise and in local languages."
Peace previously worked with Reuters for 15 years, where he held sales and marketing positions throughout the U.K. and Asia.