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Monday, July 23, 2007

Transamerica Boosts Fund Sales Team

News summary by MFWire's editors

Transamerica Capital has added three divisional vice presidents whose task is to lead distribution efforts for Transamerica IDEX Mutual Funds. Doug St. Myer, promoted from within Transamerica, now serves as divisional vice president for Transamerica IDEX bank channel's west division. Scott Ramey, meanwhile, was hired as divisional vice president for Tranamerica IDEX bank channel's east division. Ramey was most recently with Wachovia Bank's retail retirement group. Rob Thompson, who was most recently with Evergreen Investments, now serves as divisional vice president for Transamerica IDEX national broker/dealer channel east division. The three report to Michael Petko, executive vice president and national sales manager for mutual funds.

Denver, CO (PRWEB) July 23, 2007 -- Transamerica Capital, Inc. announced today that it has expanded its mutual fund sales team with the addition of three divisional vice presidents. The vice presidents will lead regional distribution efforts for Transamerica IDEX Mutual Funds, a leading provider of multi-manager fund solutions for financial professionals and their clients.

The addition of Doug St. Myer, Western Divisional Vice President for the Transamerica IDEX Bank Channel; Scott Ramey, Eastern Divisional Vice President for the Transamerica IDEX Bank Channel; and Rob Thompson, Eastern Divisional Vice President for the Transamerica IDEX National Broker/Dealer Channel, adds deep industry experience and enhances Transamerica Capital’s national distribution strategy. All three will report to Michael Petko, Executive Vice President, National Sales Manager for Mutual Funds.

“I am pleased to have the opportunity to bring such quality leadership to the team,” said Petko. “We continue an aggressive sales expansion program and these latest moves will bolster sales efforts with a focused approach to wholesaling our award-winning family of funds.”

The newest members of the Transamerica Capital, Inc. management team include:

Doug St. Myer, Divisional Vice President for Transamerica IDEX Bank Channel’s West Division:
A 15-year veteran of the financial services industry, St. Myer was promoted from within Transamerica Capital, Inc., where he served as regional vice president—taking a “startup” territory and transforming it into the top-performing territory in the channel. Previously, St. Myer served as an investment representative at Signet Bank (now Wachovia), Huntington National Bank and Fifth Third Bank, as well as regional brokerage firm, Stifel, Nicolaus & Company.

Scott Ramey, Divisional Vice President for Transamerica IDEX Bank Channel’s East Division:
Ramey came to Transamerica Capital, Inc. from Wachovia Bank’s Retail Retirement Group, where he managed a group of retirement consultants responsible for developing and implementing the company’s annuity, IRA and general retirement initiatives. Prior to Wachovia, he was a consultant with The Fusion Group, where he worked with industry-leading asset management firms on advanced sales strategies, communication strategies and organizational and cultural change. He also worked as a mutual fund wholesaler for eight years, including four years at Evergreen Investments.

Rob Thompson, Divisional Vice President for Transamerica IDEX National Broker/Dealer Channel East Division:
With an 18-year track record in the securities industry, Thompson joined Transamerica Capital, Inc. from Evergreen Investments, where he spent four years as a regional vice president covering Ohio, Kentucky and West Virginia. Thompson was a top wholesaler at Evergreen and was selected to serve on Evergreen’s leadership council. He began his career as a financial advisor in 1989 and later became producing manager for ING.

About Transamerica IDEX Mutual Funds: Transamerica IDEX Mutual Funds has provided multi-manager mutual funds to financial professionals and their clients since 1985. The fund company uses outside firms, as well as affiliated firms, as sub-advisers in the management of its funds. Transamerica IDEX has more than $11 billion in assets under management and is headquartered in St. Petersburg, Florida.

About Transamerica Capital, Inc.: Transamerica Capital, Inc., an AEGON company, is a wholesaling broker/dealer for variable annuities, fixed annuities, life insurance and mutual funds. The company partners with financial professionals at wirehouse, regional, independent and bank firms to provide solutions for clients’ financial needs. Transamerica Capital, Inc. is headquartered in Denver.

About AEGON: AEGON is one of the world’s leading life insurance and pension groups, and a provider of investment products. AEGON empowers local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation.

With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 29,000 people worldwide. AEGON’s businesses serve millions of customers in over 20 markets throughout the Americas, Europe and Asia, with major operations in the United States, the Netherlands and the United Kingdom.  

Edited by: Armie Margaret Lee

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