An institutional asset manager wants to make a splash in the mutual fund business. Today Rothschild Asset Management (the New York-based sibling of the global investment bank) confirmed the hiring of Mike Tamasco as its first chief marketing officer, reporting to CEO Radey Johnson. And Tamasco, who is also a managing director and member of the asset manager's management committee, confided that Rothschild is making a push in the mutual fund business.

Michael Tamasco Rothschild Asset Management Managing Director, Chief Marketing Officer

"We're looking to sub-advise mutual funds," Tamasco told The MFWire, noting that the institutional manager has traditionally focused on channels like defined benefit pension plans. "We're actively marketing to sub-advised mutual fund families."

"We expect that our philosophy of adding value through stock selection, while controlling for various benchmark risks and macro exposures, will be attractive to that market," Tamasco added.

Tamasco previously spent more than a decade at Lazard Asset Management, another New York-based asset management sibling of an investment bank. The MFWire could not immediately reach a Lazard spokesperson for comment on how Tamasco's duties are being handled.

Rothschild North America CEO Jim Lawrence described the addition of Tamasco as evidence of Rothschild's "commitment to [the] U.S. asset management business." And Johnson revealed that Tamasco may soon do some hiring of his own.

"In this new role, Mike will look to accelerate our new business development efforts and expand our sales team, while also enhancing the service and support we provide to clients and institutional consultants," Johnson stated.

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Company Press Release

New York, N.Y. – Rothschild Asset Management, the U.S. asset management business of the Rothschild Group, announced today that Michael Tamasco, CFA®, has joined the firm in a newly created position of Managing Director and Chief Marketing Officer. He will serve as a member of the firm’s management committee, reporting directly to Chief Executive Officer T. Radey Johnson, CFA.

“We’re very excited to welcome Mike to Rothschild Asset Management,” said Johnson. “In this new role, Mike will look to accelerate our new business development efforts and expand our sales team, while also enhancing the service and support we provide to clients and institutional consultants. His broad range of experience with plan sponsors, consultants, sub-advised funds and other financial institutions will be a great addition to the firm.”

With more than 17 years of investment industry experience, Tamasco joins Rothschild after 10 years at Lazard Asset Management, where he was responsible for a variety of business development activities. In addition to his direct involvement with clients, his experience includes product positioning, vehicle development, public speaking and brand and message development.

Said Tamasco, “I look forward to building upon the firm’s long-standing success in providing value to our clients while intelligently managing investment risks.”

Added Jim Lawrence, Chief Executive Officer of Rothschild North America, “Rothschild Asset Management is a key component of Rothschild’s overall business expansion in the United States. Mike’s appointment further demonstrates our commitment to our U.S. asset management business. I am pleased to have someone of Mike’s caliber and background join our organization.”

About Rothschild Asset Management

Headquartered in New York City, Rothschild Asset Management manages investments for institutions and high-net-worth individuals using a disciplined investment philosophy and process. Its goal is to provide superior performance while controlling risk.

The firm manages assets for a broad range of clients, including corporations, endowments, foundations, healthcare organizations, high-net-worth investors, public pension funds, sub-advisory and Taft-Hartley plans. Its investment strategies cover a range of U.S. securities including large-cap, mid-cap, small/mid-cap, small-cap, balanced and long/short strategies.

Rothschild is a worldwide financial advisory firm that is family-controlled and independent. Its business has four main arms: Global Financial Advisory, Merchant Banking, Wealth Management and Institutional Asset Management. Rothschild is one of the world’s largest privately-owned banks, employing more than 3,000 people in 45 countries around the world.

For more information about Rothschild Asset Management, visit www.us.rothschild.com/assetmanagement.

CFA® is a trademark owned by CFA Institute.


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