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Thursday, July 8, 2010

First Eagle Hires Two

Reported by Armie Margaret Lee

In March, The MFWire reported that First Eagle Investment Management was planning to grow the size of its sales force. Now, The MFWire has learned that the New York City-based mutual fund firm has hired two wholesalers.

One of the new hires is Walter Lynch, who came from Neuberger Berman. The identity of the other new hire could not be confirmed by press time.

A First Eagle spokesperson declined to comment. Lynch could not immediately be reached for comment.

Ohio-based Lynch served as a senior regional director in the intermediary distribution group at Neuberger Berman. He left the firm in June.

"An active recruitment effort is underway," Neuberger spokesman Randy Whitestone told The MFWire

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