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

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

Rating:40 Years In, a CIO Starts Waving Goodbye Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 11, 2020

40 Years In, a CIO Starts Waving Goodbye

Reported by Lauren Corradi, Editorial Intern

A value chief is preparing to say goodbye ... in more than a year and a half.

Chris Beck, chief investment officer for Macquarie Investments Management's U.S. small-mid cap value equity Team, is planning to retire from the Philadelphia-based asset manager on July 31, 2022. Kelley McKee Carabasi and Kent Madden, senior portfolio managers on Beck's team, will succeed him as co-CIOs of the team, completing the transition by the end of 2021.

The Macquarie IM U.S. small-mid cap value equity team oversees approximately $7.6 billion in assets for clients globally.

After nearly 25 years with the firm, Beck will remain an active member of the team through his retirement date, working with Carabasi and Madden in order to achieve a smooth transition.

"Chris is an exceptional investor, who has built a flagship value offering for the firm and a talented team that has consistently outperformed for our clients," stated John Leonard, head of global equities for Macquarie Investment Management. "The transition to Kent and Kelley as co-CIOs is a natural evolution for the team, and we wish Chris all the best in his next phase."

"John and I have complete confidence in Kent and Kelley's leadership and continued collaborative and disciplined approach to investing," stated Beck. "We are well positioned for a seamless transition, given the lead time and depth of our team."

A Lehigh University College of Business and University of Delaware graduate, Beck has served at Macquarie Group for nearly 24 years in a variety of capacities; including executive director of the Macquarie Group; chief investment officer, small and mid-Cap value team; and senior vice president. Prior, he served at Pitcairn Financial Group for two years as senior portfolio manager.

Carabasi joined Macquarie IM (then called Delaware Investments) in 2005 as an equity analyst, and she has served as a senior PM on Beck's team since 2012. Earlier on she worked on Lincoln Financial Group (the old parent of Delaware Investments). She is an alumna of the Wharton School at the University of Pennsylvania and Georgetown University.

Madden joined the team in 2004, also starting as an equity analyst. Like Carabasi, Madden has served as a senior PM on the team since 2012. Earlier on, he held analyst roles at Gartmore, Federated, and Lehman Brothers. He is an alumnus of the University of Chicago and DePauw University. 

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




©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