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Monday, December 17, 2007

ALPS Hires National Sales Director

News summary by MFWire's editors

ALPS Fund Services has named Mark Kiniry as vice president and national sales director of investments. Kiniry was previously a divisional vice president with Old Mutual Capital. At ALPS, Kiniry will managing the distribution strategy for 18 external wholesalers and 7 internal salespeople. He reports to Tom Carter, managing director.

ALPS Fund Services, Inc., a leading provider of outsourced and advisory solutions to the investment management industry, today named Mark Kiniry its Vice President, National Sales Director, Investments. Mr. Kiniry reports to Tom Carter, Managing Director, and is based at ALPS’ Denver headquarters.

“Having Mark join the ALPS team caps a year of impressive growth, especially in the sales and marketing of closed-end and exchange traded funds to the financial advisor channel,” noted Tom Carter, Managing Director. “I’m confident that with his many years of sales experience, Mark will be successful in introducing our clients’ products and our proprietary products to investment professionals nationwide.”

Mr. Kiniry brings more than 25 years in the financial services industry to ALPS, with a particular emphasis on sales force management. Most recently, he worked for Old Mutual Capital as Divisional Vice President. Previously, he served as National Sales Manager at Delaware Investments, where over a seven-year period he managed a wholesaling sales force primarily in western United States, achieving record sales in mutual funds, managed accounts and variable annuities.

He began his career in the Unit Investment Trust business at Moseley Hallgarten in New York as a trader and investment banker. In 1989 he joined Pioneer Investments as a Regional Vice President covering Florida, and in 1997 was promoted to Western Divisional Sales Manager.

Mr. Kiniry will be responsible for managing the distribution strategy for all 18 external wholesalers, and the 7 internal salespeople involved in exchange traded funds (ETFs), closed-end funds and future proprietary open end funds developed by ALPS. He will also be involved in the development and marketing strategies of new products.

“ALPS’ knowledge of financial intermediary needs has enabled its team to develop innovative solutions for this marketplace,” said Mr. Kiniry. “I’m confident I’ll be able to build on the company’s track record of success, bringing its products and services to an even wider array of financial advisors.”

Mr. Kiniry is a graduate of the University of Connecticut and has his Series 7, 24, 51, 63 registrations and Colorado Life and Health. He lives in Centennial, CO with his wife Ellen and their three teenage children. About ALPS Fund Services, Inc.™ ALPS Fund Services, Inc.™ is a Denver-based outsourcing solution for administration, compliance, fund accounting, legal, marketing, tax administration, transfer agency and shareholder services for open-end, closed-end, hedge and exchange-traded funds. ALPS has approximately $18 billion in client mutual fund assets under administration. ALPS Distributors, Inc. provides distribution services to over $160 billion in client assets.

For more information, visit www.alpsinc.com.

ALPS is a registered trademark or trademark of ALPS Fund Services, Inc.™ in the United States and other countries. All other brand names, product names or trademarks belong to their respective holders.  

Edited by: Erin Kello

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