As Manning & Napier
] sealed the Rainier
] deal, a top Rainier executive is moving on and teaming up with an old boss.
| Brian Bader|
Senior Vice President, Client Service and Marketing
has learned that New York City-based Brian Bader
, principal and head of sales at Rainier Investment Management, left the Seattle-based mutual fund shop on April 30. Then on May 10 Bader joined Greenwich, Connecticut-based Axiom Investors
as partner and senior vice president of client service and marketing.
Bader himself declined to comment for this story. MFWire
could not reach Rainier president Jim Ridgeway
or national accounts director Mark Wolff
for comment on Bader's departure.
Bader is not the only high-level Rainier alumnus at Axiom. Kurt Polk
, Axiom's chief operating officer and head of distribution, served as CEO of Rainier before moving on at the end of 2013.
"I hired him in 2007 when we launched the New York office for Rainier," Polk says of Bader. "I moved from Seattle to New York and my first hire was Brian."
On December 18, Manning unveiled
a deal to buy a 75-percent stake in Rainier, and on April 18 Angel Oak unveiled
a separate deal to buy adopt a Rainier fund and bring over a pair of PMs. The Manning-Rainier deal closed
Bader is an alumnus of SUNY Albany. Prior to joining Rainier, he worked at US Trust, Deutsche, Bankers Trust, Price Waterhouse, Citibank, and Bradford Trust.
Axiom is a $9.5-billion institutional asset manager that does emerging market, global, international, and small cap investing. They have 49 employees and do some subadvisory work for multi-manager mutual funds.
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