Waddell & Reed
tapped company veteran
as the new chief investment
officer of Waddell & Reed Investment Management
] and Ivy Investment Management Company
Sanders, 50, takes over from Michael Avery
, who became president of Waddell & Reed Financial Inc. in January. Sanders will report to Avery.
Avery, 56, continues as co-portfolio manager of
the Ivy Asset Strategy Fund and Waddell & Reed Advisors
Asset Strategy Fund.
Sanders has been with Waddell & Reed since 1998.
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