Less than nine months after joining Manhattan-based
, Tom Winnick
has moved on. Winnick, a former president of DWS Distributors, started his new job this month as managing director of marketing at Jersey City-based Dreman Value Management
, The MFWire
has learned. RiverPark, which sub-advises
four Grail Advisors ETFs, plans to name Winnick's replacement next week.
Winnick reports to famed contrarian investor
, the firm's chairman and chief investment officer.
The managing director of marketing post is a new one
Sought for comment, Winnick told The MFWire
"Working with David and his team is something
that's extremely attractive."
"It was a very difficult
decision to leave RiverPark. Morty Schaja and Mitch Rubin are two of the brightest guys I've been fortunate enough to work with in my career," he said, referring to RiverPark's
CEO and CIO.
In a phone interview, Schaja said he
plans to announce Winnick's replacement, as well as
"some significant business developments," next week.
Winnick is no stranger to Dreman. The firm does sub-advisory work for DWS, where Winnick worked from
2002 until last year. During the last three years of his stint at DWS, Winnick was president of DWS Distributors.
Winnick's arrival at Dreman comes as the firm landed
another sub-advisory mandate with DWS.
As The MFWire reported
on Tuesday, Dreman co-CIO Cliff Hoover is
now running DWS' International Value Fund, which
had been previously managed in-house at DWS. The fund is now called DWS Dreman International Value.
Other DWS funds Dreman sub-advises include DWS Dreman Mid Cap Value, DWS Dreman Small Ca Value, DWS Dreman Small Mid Cap Value and closed-end fund DWS Dreman Value Income Edge.
Dreman also offers its own line of funds, the Dreman Contrarian Funds, and manages separate accounts.
Dreman has total AUM of around $5 billion.
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