UMB Fund Services has promoted John Zader to chief executive officer. Zader was hired as the firm’s chief operating officer six months ago. Zader replaces Vince Ciavardini, who left the company in January of 2007 to purse other opportunities, Steve Wujek, a spokesperson for UMB tells the MFWire.

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UMB Fund Services, Inc. (UMBFS) announces the promotion of John Zader to chief executive officer. The announcement comes six months after Zader was hired as the division’s chief operating officer.

Zader will continue to oversee all client service, operations, distribution and business development. He will report to Peter deSilva, chairman of UMBFS and president and chief operating officer of UMB Financial Corporation (NASDAQ: UMBF), the parent company of UMBFS.

“Since joining UMB, John has done a great job setting a clear vision for UMBFS, strengthening the leadership team, improving customer relationships and driving sales success,” said deSilva. “John’s extensive knowledge of the industry coupled with his strong leadership skills will serve UMBFS very well for many years to come.”

Prior to his role at UMBFS, Zader was instrumental in growing the mutual fund practice for Jefferson Wells International. Zader has more than 20 years of experience servicing mutual fund companies, including a term as senior vice president and chief financial officer for U.S. Bancorp Fund Services, where he was responsible for fund accounting, finance, operations and systems.

Zader is a graduate of Carthage College in Kenosha, Wisconsin. He serves as a mutual fund advisory board member for Interactive Data and is a member of the American Institute of Certified Public Accountants (AICPA) and the Wisconsin Institute of Certified Public Accountants (WICPA).

About UMB Fund Services

UMB Fund Services offers a complete line of products and services to the mutual fund operations industry including administration and fund accounting, alternative investment services, investor services and transfer agency, marketing and distribution, custody and cash management. The company currently serves more than 130 clients with combined assets of more than $270 billion. UMB Financial Corporation (NASDAQ: UMBF), the parent company of UMBFS, is an $8 billion financial services holding company headquartered in Kansas City, Mo. 

Edited by: Erin Kello


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