Wednesday, April 16, 2008
GEAM Beefs Up its Mutual Fund Sales Team
News summary by MFWire's editors
GE Asset Management
is building out its U.S. mutual fund advisor sales and support team. The company has added seven new members in total. New additions include: five regional sales directors; Robert Mulligan
, national account
manager; and Vincent Leon
, inside sales and service leader.
Mulligan was previously with Transamerica
as divisional vice president of the Eastern U.S. Leon joined GEAM from Legg Mason
, where he was assistant vice president and wholesaler desk supervisor for two years.
Company Press Release
Stamford, CT – April 16, 2008 – GE Asset Management Incorporated (GEAM) today
announced seven additions to its U.S. mutual fund advisor sales and support team, including
five regional sales directors, a national account manager and an inside sales leader:
Regional Sales Directors and their territories include George Fraser, Northeast Region;
Todd Kobrin, Atlantic Region; Michael Woerner, Midwest Region; Charlie Anderson,
Southern Region; and John Harty, Northwest Region. As regional leaders, they will
seek to continue to expand sales of the GE Mutual Funds by partnering with advisors
and providing product knowledge, best practices and market intelligence.
Robert Mulligan, a 20-year industry veteran, has joined GEAM as National Account
Manager and will focus on growing and servicing the firm’s major intermediary client
base, including mutual fund platforms. He will also team with the firm’s regional
sales directors to expand their key relationships throughout the U.S. In addition, he
will seek to help GEAM clients enhance their business models on an ongoing basis
using GE best practices and expertise.
Vincent Leon has joined GEAM as Inside Sales and Service Leader and will focus on
expanding his existing team to service advisor relationships and support GEAM’s regional sales directors with the growth and maintenance of their accounts. His
group will also serve a critical role in the firm’s efforts to add value to its clients’
All seven positions report to Joe Lydon, National Sales Manager for GEAM’s advisor
sales channel. “We’ve indicated our commitment to bringing GEAM’s investment expertise to
advisors by dramatically adding to our sales team, including the addition of a number of
senior, experienced industry professionals,” said Lydon. “Our sales leaders are strategically
positioned throughout the U.S. and represent the greatest reach of our sales presence to
date. In addition, we’re building our inside sales and service capabilities, starting with our
hiring of a new team manager.”
“As we build our team, we enhance our capability to succeed in this competitive
market and focus on our core strategy. We’re excited about the growth of our team and the
way in which we’ll be able to continue to bring our experience to advisors interested in
harnessing the power of GEAM and the GE global network for their clients’ portfolios,” added
Mike Cosgrove, President and CEO – Mutual Funds for GEAM.
George Fraser joins GEAM from BlackRock/State Street Research where most
recently he was Vice President – New England, with wholesaler responsibilities for mutual
fund sales to the retail account channel. His previous experience includes roles as regional
and inside wholesalers during his 13 years with State Street Research. He has 15 years’
industry experience and attended the University of New Hampshire.
A 20-year industry veteran, Todd Kobrin previously served as a Regional Vice
President for Evergreen Investments, where he was a wholesaler of mutual funds, separately
managed accounts, closed-end funds, 529 plans, and hedge funds. He has held positions at
several fund companies during his career, including Bear Stearns Funds and Keystone
Funds. Kobrin received his BS in Marketing and Management from the State University of
New York College at Buffalo.
Michael Woerner joins GEAM from AXA Enterprise Fund Distributors, where he spent
15 years in both sales and management, most recently as Senior Vice President of their
Great Lake Region. Michael has 29 years’ experience in the securities industry. He began
his career in 1979 at Paine Webber and has worked at Merrill Lynch and Smith Barney.
Michael graduated from Augustana College in Rock Island, Illinois with a BA in Political
Charles Anderson joins GEAM from Victory Capital Management, where he was a
Regional Sales Director wholesaling separately managed accounts, mutual funds and hedge
funds to all major wire houses. He has held Vice President and Managing Director positions
with overlay portfolio manager Placemark Investments and asset manager Harris Bretall
Sullivan & Smith, respectively. In addition, he brings retail experience from Morgan Stanley.
Anderson has 14 years experience in the investment industry and received his BBA in
Marketing from Texas Christian University.
John Harty joins GEAM from Centurion Alliance Inc., WCM Investment Management,
where he was a Regional Director responsible for the sales and marketing of WCM Investment Management portfolios to institutional, private wealth management and retail
channels in the Western U.S. He has held sales roles with Avatar Associates, Rydex
Investments and Ivy Funds, with involvement in areas such as sub-advisory and quantitative
tactical asset allocation strategies. He received his BS in Business and Finance from Mount
St. Mary’s University.
Robert Mulligan previously worked for Transamerica as Divisional Vice President –
Eastern U.S., where he built a wholesaling force for the wirehouse / regional distribution
channel on the East Coast. Prior to his tenure at Transamerica, he held wholesaling roles at
firms including GE Capital, GE Investment Management and Keystone Investments. Mulligan
has over 20 years’ industry experience and received his BA in Economics from the University
of Rhode Island.
Vincent Leon joins GEAM from Legg Mason Inc. (formerly Citigroup Asset
Management), where he was Assistant Vice President and Wholesaler Desk Supervisor for
two years. While there, he also served as an internal wholesaler, working with separately
managed accounts, domestic and offshore mutual funds, 529 plans, 401(k) plans, and
annuities. He brings ten years of industry experience to GEAM. Leon received his BS in
Finance from Manhattan College.
GEAM is a global asset manager wholly owned by General Electric Company, a
diversified technology, media and financial services company. Built on an 80-year heritage
of investment experience, GEAM today manages approximately $190 billion (as of December
31, 2007) in total assets. Portfolios managed by GEAM and its subsidiaries include $89 billion
GE Asset Management
in client assets for leading institutions and individual investors around the world, and the $60
billion GE U.S. Pension Trust, an overfunded plan to which the company has not made a
contribution since 1987. Investment strategies are offered across all major asset classes,
including U.S. and international equities, fixed income, and alternative assets.
GE Investment Distributors, Inc., Member FINRA & SIPC, is a wholly owned subsidiary of
For further information, contact:
Chris Linehan, GE Asset Management Incorporated
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