Eaton Vance Distributors' president now has a bigger job. Matt Witkos, who has led retail distribution in the Americas since 2007, is now in charge of distribution across all channels globally.

Meanwhile, the Boston-based firm hired Scott Ruddick as head of institutional. Ruddick will lead business development, consultant relations and client service in the retirement plan and endowment and foundation markets in the U.S. and Canada.

Ruddick will start at Eaton Vance [see profile] next week and report to Witkos.

Ruddick previously spent 13 years at Mellon Capital Management, most recently in the role of managing director for North American sales. He left Mellon in July. Mike Kotarski has since taken over the post, Mellon spokesman Mike Dunn told The MFWire.com.

Ruddick's appointment comes on the heels of the departure of Lisa Jones, who served as head of institutions and international distribution, in May.

"We split her role between Scott Ruddick and Niall Quinn and promoted Matt Witkos to a bigger job," Eaton Vance spokesperson Robyn Tice told The MFWire.com.

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Company Press Release

Scott Ruddick Named Head of Institutional

Matthew Witkos to lead distribution across all channels globally

BOSTON, Sept. 13 -- Eaton Vance Corp. (NYSE:EV), announced today the appointment of Scott P. Ruddick as Head of Institutional, responsible for business development, consultant relations and client service in the retirement plan and endowment and foundation marketplaces in the United States and Canada. He will report to Matthew J. Witkos, President of Eaton Vance Distributors, Inc., who is assuming overall responsibility for the Company's distribution across all channels globally.

Prior to joining Eaton Vance this month, Mr. Ruddick was affiliated with Mellon Capital Management for 13 years, most recently as Managing Director - North American Sales Manager. He previously served in marketing and client service roles with PanAgora Asset Management and The Boston Company. He holds a B.S. in business administration from the University of Hartford.

"Scott's deep roots in the institutional marketplace and demonstrated business development and sales management capabilities set him up to be an outstanding leader at Eaton Vance," said Mr. Witkos. "We believe he will have a significant impact advancing the Company's ambitious growth agenda in the institutional marketplace."

Concurrent with the appointment of Mr. Ruddick, Mr. Witkos is expanding his responsibilities to encompass distribution of all Eaton Vance products and services to retail and institutional markets around the world. He joined the company in May 2007 to head retail distribution in the Americas.

"Since joining Eaton Vance, Matt has distinguished himself as an outstanding sales and marketing executive, driving Eaton Vance to record sales results across the distribution channels he oversees," said Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance Corp. "Expanding his responsibilities to include institutional and international markets positions the Company to better serve clients and achieve higher levels of sales performance across all markets."

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $173.3 billion in assets as of July 31, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

 

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