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

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

Rating:An Ex-CEO's 17-Month Swan Song Begins Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 02, 2020

An Ex-CEO's 17-Month Swan Song Begins

Reported by Neil Anderson, Managing Editor

After spending his entire career at a big Beantown mutual fund firm, an ex-CEO is starting his 17-month swan song. It will end almost 18 years after he took the reins there and more than 37 years after he first joined the asset manager, which had grown to $557 billion in AUM as of August 31.

Robert J. "Rob" Manning
MFS Investment Management
Executive Chair
Yesterday Rob Manning, executive chair of MFS Investment Management, confirmed that he will retire from the firm on March 1, 2022. Manning, who will turn 57 later this month, will hand the chair job to current CEO Mike Roberge, age 54, who is also already on the Boston-based mutual fund firm's board. Word is Manning will not be moving on to another firm in the business.

First, though, Manning will step back from his executive duties on January 1, 2021, leaving MFS' management committee and becoming non-executive chair, confirms Dan Flaherty, an MFS spokesperson. On that same date, Roberge will join MFS' U.S. mutual funds' board, alongside Manning (who not retire from the funds' board until he retires from the firm in 2022). Manning will also leave the board of MFS' Luxembourg-based UCITs funds in May 2021, Flaherty notes.

Manning is retiring not only from MFS but from the industry, says Flaherty. And watch for Manning to keep one MFS role going, even after he leaves the board in 2022.

"He'll continue to be a member of the investment advisory council, available to MFS in that capacity," Flaherty tells MFWire, noting that the council includes about a half a dozen people. "We established our investment advisory council back in 2017, and Rob was a founding member ... It's current and former investors from MFS who meet on a regular basis in an advisory and mentoring capacity to both MFS' management as well as members of the investment team."

"MFS is the only company I've ever worked for, and after more than three and a half decades, I've decided to transition to the next phase of my life," Manning states, noting that the firm has "never been in a better to position to succeed" and describing it as "a truly global, highly competitive world-class investment firm."

Roberge, for his part, lauds Manning as "a genuine leader, friend and mentor to so many at MFS, myself included."

"He's set high standards for MFS and will ultimately leave the firm in an extremely strong position for continued success globally in the years to come," Roberge states.

Looking ahead, Manning points to two areas in particular for his post-MFS attention.

"I'm looking forward to spending more time with my family in additon to continuing to support and serve the University of Massachusetts system," Manning states. (Manning is an alum of UMass Lowell and chairs the board of trustees for the UMass system.)

Manning joined MFS in 1984, fresh out of college, as a research analyst in the high yield bond group. He rose through through the fixed income team, serving as PM, director of research, and chief strategist, until taking over the fixed income division in 2001. He took over as president, chief investment officer, and CEO in 2004. He added the chairman hat in 2010 while passing the CIO and president roles to Roberge. The duo began splitting the CEO job in 2015, and in 2017 Roberge became the sole CEO while Manning became executive chairman. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Gamification of Securities Trading: Fad or the Future?, April 14
  2. IDC Speaker Series - Diversity, Inclusion, and Implicit Bias: An Interview with Song Richardson, April 14
  3. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  4. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  5. The 31st Sub-Advised Funds Forum, Apr 20-21
  6. ETF.com Awards 2020, April 20
  7. IDC Virtual Roundtable: Florida - April 2021, April 20
  8. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  9. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  10. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  11. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  12. IDC Webinar: The Future of the Workplace - April 2021, April 23
  13. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  14. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  15. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  16. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  17. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  18. ICI 2021 General Membership Meeting - Day 1, May 6
  19. Emerging Manager Forum USA, May 12-14
  20. ICI 2021 General Membership Meeting - Day 2, May 13
  21. 2021 FINRA Annual Conference, May 18-20
  22. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use