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Rating:One of RBB's Original Overseers Steps Back, But ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 20, 2024

One of RBB's Original Overseers Steps Back, But ...

Reported by Neil Anderson, Managing Editor

One of a 36-year-old series trust's original allies is stepping back, though he isn't saying goodbye.

Today Arnie Reichman, chairman of the RBB Fund, and Steve Plump, CEO of RBB, confirm that a founding RBB director, Julian Brodsky, recently switched to being director/trustee emeritus. The shift took effect on February 1.

Brodsky started as an RBB trustee when the series trust debuted back in 1988. Since then, RBB has gone through numerous changes (including adding its first CEO) and has grown to more than $25 billion in assets across more than 60 mutual funds and ETFs from 12 fund firms and more than 20 subadvisors.

Reichman offers thanks for Brodsky's "dedication, valuable advice and leadership."

"Julian's contribution to RBB since the beginning has been exceptional," Reichman states. "Not only has he been an exemplary Board member, he's also been a great friend to us all. We value his commitment to RBB and look forward to his continue service as Director/Trustee Emeritus."

Plump adds that Brodsky's "experience and knowledge of the '40 Act is unprecedented and cannot easily be replicated."

"While we will certainly miss Julian's wisdom on a day-to-day basis, we appreciate that he will continue to be a resource for RBB as we grow in the years to come," Plump states.

Brodsky, who turned 90 last year, says that he is "most proud of" his work with RBB over the decades.

"Over the past 30 years, we have had much success, including both innovation and growth. The shareholders are in good hands with my fellow Board members," Brodsky states. "The future is bright."

Brodsky co-founded Comcast Corporation in 1963, serving as CFO and vice chairman of the cable and media giant. Earlier, he trained as an accountant after serving in the U.S. Army. He is an alumnus of the University of Pennsylvania's Wharton School. 

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