And another baton has been passed forward.

Andrew Abramsky, chief operating officer of Eaton Vance [profile] subsidiary Parametric will retire from the company as of August 31st.

His responsibilities will be assumed by chief administrative officer Christine Smith, who joined the company on May 31st.

Abramsky will remain at Parametric in a part-time capacity for six months to support this management transition.

"In his 16 years at Parametric, Andy was instrumental in developing our operational capabilities in all areas.  He was an essential part of bringing the company to where we are today. His many contributions will be long remembered and valued," stated Parametric chief executive officer Brian Langstraat.

Prior to joining Parametric, Smith was president and chief operating officer at Bank of New York/Mellon's Transition Management and Beta Groups.

Here is the press release:

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Company Press Release

Parametric Chief Operating Officer Andrew Abramsky Retires

Chief Administrative Officer Christine Smith Assumes Duties

SEATTLE, Aug. 26, 2013 -- Parametric, a subsidiary of Eaton Vance Corp. (NYSE: EV), and leading provider of engineered investment strategies and implementation services today announced the retirement of Parametric Chief Operating Officer, Andy Abramsky, effective August 31, 2013.  Christine C. Smith, who joined Parametric on May 31, 2013 as Chief Administrative Officer, will assume all of Mr. Abramsky's responsibilities as previously announced.

Mr. Abramsky will remain at Parametric in a part-time capacity for six months to continue to support this management transition.

Parametric Chief Executive Officer Brian Langstraat reflected on Mr. Abramsky's time with the firm, "In his 16 years at Parametric, Andy was instrumental in developing our operational capabilities in all areas.  He was an essential part of bringing the company to where we are today. His many contributions will be long remembered and valued."

Mr. Langstraat added, "We are excited by the knowledge and experience that Chris has brought to Parametric. The transition has proceeded smoothly, and we look forward to her continued leadership contributions."  Prior to joining Parametric, Ms. Smith was President and Chief Operating Officer at Bank of New York/Mellon's Transition Management and Beta Groups.

Parametric, a subsidiary of Eaton Vance Corp., focuses on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including tax-managed core equity, futures overlay and centralized portfolio management. As of July 31, 2013, Parametric, and its registered investment adviser affiliate Parametric Risk Advisors, LLC, managed $107 billion in assets on behalf of institutions, high-net-worth individuals and fund investors in the U.S. and internationally. Parametric operates from investment centers including Seattle, WA, Minneapolis, MN and Westport, CT. For more information about Parametric, visit parametricportfolio.com.

 

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