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Tuesday, July 10, 2007

Munder Promotes FitzGerald

News summary by MFWire's editors

Jim FitzGerald has been promoted to the positions of chief marketing officer and managing director of distribution at Munder Capital Management. The positions were newly created. FitzGerald, 47, joined Munder in 2004 as managing director of the firm's retail marketing initiatives. He was one of the executives that negotiated Munder Capital's management-led buy-out last year.

Munder Capital Management, a leading money management firm with more than $28 billion in assets under management, announced today the promotion of James ("Jim") V. FitzGerald to the newly created positions of Chief Marketing Officer and Managing Director of Distribution. In his new position, Mr. FitzGerald will assume overall responsibility for Munder's institutional and retail sales and marketing efforts.

Mr. FitzGerald joined Munder Capital in 2004 as managing director of the firm's retail marketing initiatives and quickly bolstered the efficiency of the firm's sales and distribution platform. The strategies he initiated resulted in significant asset growth, increased profitability, and a more diversified and profitable asset mix. Underscoring his accomplishments, Mr. FitzGerald was nominated as a "Fund Leader of the Year" by Institutional Investor News.

Mr. FitzGerald, 47, is also a member of Munder's management and product policy committees, and was one of the eight member group of executives that negotiated Munder Capital's management-led buy-out last year.

About Munder Capital Management

Munder Capital, headquartered in Birmingham, Michigan with 170 employees, is a well-known asset manager. The firm provides investment advisory services to an extensive range of institutional clients including corporate, charitable, public, Taft-Hartley and insurance investors, as well as high net worth individual investors. Munder Capital offers both equity and fixed income products to these investors through mutual funds and separate accounts. As of 3/31/07, Munder Capital had $28.5 billion in assets under management. 

Edited by: Erin Kello

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