May 29, 2006
Scanlon Becomes Head of Fund Marketing at Gabelli
Gabelli Funds, a subsidiary of GAMCO Investors, has hired James C. Scanlon as senior vice president and director of mutual fund marketing and distribution. He comes to the firm from Merrill Lynch, where he was head of retirement group sales for the Northeast/New England territory.
"We are delighted to have Jim focus on our expanding distribution effort," said Mario J. Gabelli, chairman and chief executive officer of GAMCO. "His experience in sales management, wholesaling and key account management will add significant value in our effort to gather more assets through financial intermediaries."
Scanlon said, "I am excited to join a firm with such a well-respected name in the business. GAMCO has done an excellent job over the years earning returns for investors. The consistent style, disciplined investment process and recognition of the Gabelli, GAMCO and Westwood brands are attributes that resonate with financial advisers."
Voyageur Asset Forms Equity Investment Team
Voyageur Asset Management has assigned four members of its equity investment team on the Tamarack family of funds to expand and oversee offerings into small-cap core, micro-cap value and mid-cap value, all complementary to Voyageur's existing equity offerings.
Lance F. James, senior portfolio manager, will oversee the new unit, which also includes Stephen E. Kylander, senior portfolio manager; George Prince, senior equity analyst; and Kristen Patrie, equity analyst and trader.
James has served as a portfolio manager on two of Voyageur's Tamarack family of funds, a role he will continue to fill.
"Because we are already familiar with the people and the process, we believe that this is an easy way to expand the products we offer to our clients," said Erik Preus, chief operating officer at Voyageur. "With this addition, we bring a solid team in house that augments our equity resources and is a great cultural fit."
Voyageur plans to offer the new products on its mutual fund and wrap sponsor platforms, as well as to institutional clients.
Voyageur is a wholly owned subsidiary of RBC Dain Rauscher, which is owned by Royal Bank of Canada.
Rainier Recruits Cowell as Senior Portfolio Manager; Promotes Six Other Execs
Stacie Cowell has joined Rainier Investment Management as senior equity portfolio manager, with a focus on technology, consumer goods and healthcare. She reports to Jim Margard, Rainier's chief investment officer and director of equity management.
Cowell, who has 15 years of experience in investment management, comes to Rainier from Invesco Funds Group, where she was a lead portfolio manager. She also worked for Founder Asset Management as a senior equity analyst.
"We're delighted to welcome Stacie to Rainier," Margard said. "Her broad experience as a growth-oriented portfolio manager and research analyst and expertise in small- and mid-capitalization stocks makes her an outstanding addition to our team."
In addition, Rainier has promoted six executives. Principals Mark Broughton, John O'Halloran and James Ridgeway have been named internal shareholders, and Ron Alvares, Kyle Mylius and Steven Sundberg have been named principals. Rainier now has 15 principals, 11 of whom are shareholders. "These appointments recognize outstanding service to the firm and to our clients by our second-generation professionals," said Rainier President J. Glenn Haber.
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