William F. Glavin, Jr.
is joining David L. Babson & Company
as chief operating officer. The Scudder veteran will start at the unit of the MassMutual Financial Group
on April 3. He will report directly to Stuart H. Reese
, chairman and chief executive officer.
The Babson COO post was opened by the announced retirement of Robert E. Joyal
. Glavin was most recently the president of Deutsche Asset Management
Scudder Funds unit based in New York City. He had held that post since 2002.
A spokesperson for Deutsche said that the firm will not directly replace Glavin. Rather Richard Hale
, chairman of Scudder Funds will take over Glavin's duties. "Bill and Dick have a very good relationship and they are working to make it a seamless transition," explained the spokesperson. Glavin's last day at Deutsche will be this week.
As Babson's COO Glavin will be responsible for institutional sales, client services and product management; information systems; finance, operations and administration; and portfolio accounting and administration, according to Reese.
"Bill Glavin has extensive experience and success -- encompassing more than 20 years -- in sales, marketing and operations management, with an emphasis on strategic planning and change management," added Reese.
"Bill's role at Babson will reflect substantially broadened responsibilities for our Chief Operating Officer, consistent with my vision of building a global investment organization with superior performance and outstanding integrity. I'm confident he will be a valuable addition to our strong
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