September 13, 2004
Third Avenue Taps Dugan As New Financial Chief
Third Avenue Management has named former Arthur Andersen partner Vincent J. Dugan as its new COO and CFO.
Dugan has been involved with Third Avenue from afar, as he used to audit some of the firm's affiliates. According to Third Avenue CEO David M. Barse, Dugan's familiarity with the company made him a natural fit.
"Vincent's expertise in the regulations and issues that affect asset management companies will further strengthen our executive management team," Barse said.
Before joining Arthur Andersen in 1987, Dugan worked as a partner for Ernst & Young's financial services practice. The Rider University graduate has served 17 years in auditing, accounting and business advising fields. A certified public accountant and treasurer of the Staten Island Academy, the independent college prep school, Dugan said he is "excited to be joining the experienced and innovative team at Third Avenue Management to help lead future growth and success."
Northern Trust Hires Two New Portfolio Managers
Northern Trust Global Investments has hired Robin R. Kollannur and Donna L. Renaud as portfolio managers on its large-cap value equity team for the firm's West Palm Beach, Fla., office. Both new managers are CFAs with substantial experience in the financial services industry.
Kollannur comes to Northern Trust from Medius Capital Group and has also spent time at Brandes Investment Partners. Before that, she served at Wells Fargo Bank.
Renaud was previously with Renaud Asset Management, which she founded. Before that, she was an analyst at both Zack's Investment Research and Harch Capital.
Anastasio Named CFO of Gabelli Asset Management
Michael R. Anastasio, Jr., who has most recently worked as a chief accounting officer for Gabelli Asset Management Inc., has been promoted to chief financial officer.
Anastasio came to the company in May 2001. He began his career at Ernst & Young, where he coordinated the audits of affiliated financial services companies. The St. John's University graduate with an MBA in finance from Columbia University has also worked as a CFO at an alternative investment firm.
Columbia Names Wilson New Mutual Fund Chief
Columbia Management, the investment arm of Bank of America, has hired Christopher Wilson to serve as head of all of its mutual funds. In this position, Wilson will be in charge of all operational and non-distribution aspects of the business, such as treasury, accounting and shareholder and broker services. In addition, he must ensure that all of these functions are in full compliance with all legal and regulatory requirements. Wilson joins the firm from CDC IXIS Asset Management, where he was president and chief executive officer.
"A proven leader with demonstrated experience in mutual fund administration and operations, Chris will play a key role in driving our mutual fund operations and ensuring that these processes are efficient, error-free and compliant with internal and external standards and regulations," said Keith Banks, president of Columbia Management.