After more than four decades with a Texas family of companies and more than 13 years atop its fund firm, a fundster chief is passing the reins. His successor has spent more than 20 years in the same family of companies.

Mace Marlin McCain Frost Investment Advisors LLC President, Managing Director

Today Pat Frost, president of San Antonio-based Frost Bank, confirms that managing director Tom Stringfellow, president and chief investment officer of Frost Investment Advisors [profile] (the bank's mutual fund arm), is retiring. Mace McCain, state portfolio manager with Frost Wealth Advisors (the bank's wealth management arm), took over Frost Investment Advisors today as president and managing director, succeeding Stringfellow, company spokesman Bill Day confirms, while no one has yet taken over as Frost Investment Advisors's CIO.

In his new role, McCain reports to Pat Frost, who also serves as group executive vice president over Frost Investment Advisors and Frost Wealth Advisors, Day confirms.

McCain joined the Frost Bank family of companies in 2000, as a relationship and investment manager working with foundations and endowments. He also worked on alternative investments and technology conversions at the firm. Earlier on, he worked at the Ohio Teachers Retirement System and the Teachers Retirement System of Texas. He attended Ohio State University.

Stringfellow joined the Frost Bank family in 1980, and he has led Frost Investments Advisors since its creation 13 years ago. He is an alumnus of St. Mary's University, Texas A&M University - Corpus Christi, and Texas State University - San Marcos.

As of December 31, Frost Investment advisors had $4.9 billion in AUM, including more than $4.1 billion in its mutual funds. Day confirms that the asset manager has 37 employees. 

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