The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:In the Heartland, a Fund Firm Prez Leaves Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 2, 2016

In the Heartland, a Fund Firm Prez Leaves

News summary by MFWire's editors

A midwestern mutual fund shop's president is moving on.

David Ribbens
Heartland Advisors, Inc
Former President and Managing Partner
Dave Ribbens, president and managing partner at Heartland Advisors [profile], recently left the Milwaukee, Wisconsin-based value equity mutual fund shop, MFWire has learned.

Cam Stephenson, vice president and director of marketing at Heartland, emailed MFWire the following statement:

Heartland has eliminated the position of President. As a result, Dave Ribbens is no longer with the Firm, and this position will not be replaced. We have an experienced Leadership Team that has assumed his responsibilities, and we are confident that our flatter structure is the right approach for the future. Our focus remains on serving our clients and sticking to our value discipline. We are grateful for Dave's contribution to our firm and wish him well as he pursues other endeavors.

Ribbens, for his part, tells MFWire that he has "a lot of respect for what they do" at Heartland.

"I wish my colleagues nothing but the very best in the future," Ribbens says.

When asked about what's next for him, Ribbens says he's "looking at a couple of different options."

"I'm taking a little time to answer that question," Ribben says, adding that in the meantime he's "keeping busy" with his angel investing work in the area.

Ribbens' moves comes shortly after Adam Peck, a PM on a $1.44-billion pair of Heartland funds, resigned from the firm.

An alumnus of Lawrence University, Ribbens first joined Heartland in 2008 and served as executive vice president and head of distribution before rising to president. Prior to joining Heartland he led retail distribution at First American Funds, and he spent more than a decade in a variety of roles at FAF parent U.S. Bank. He also worked at Valley Trust Company.

Will Nasgovitz, CEO and PM at Heartland, leads the fund firm. Will succeeded his father, Heartland founder Bill Nasgovitz, back in 2013, though Bill continues to serve as a PM. The Heartland leadership team also includes: Nicole Best, senior vice president, chief financial officer, and chief administrative officer; Paul Beste, SVP and chief risk officer; Jeanne Kolimaga, vice president of human resources; Vinita Paul, VP, general counsel, and chief compliance officer; and Stephenson. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use