MutualFundWire.com: Thornburg Names its New Distribution Chief

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Wednesday, March 7, 2012

Thornburg Names its New Distribution Chief

Thornburg Investment Management [profile] just switched in a new distribution chief. Last week the Santa Fe, New Mexico-based mutual fund firm revealed the promotion of Rob McInerney to national sales manager for the Thornburg Funds and president of Thornburg Securities Corporation. McInerney reports to Brian McMahon, CEO and chief investment officer for Thornburg.

Jack Gardner previously held both of McInerney's new positions. A spokeswoman for Thornburg confirmed that Gardner is retiring.

McInerney will oversee Thornburg's 33 regional sales managers and internal sales professionals McInernery has spent the past 13 years as Thornburg's regional consultant covering Connecticut, New Jersey, the New York City area and Pennsylvania. Prior to that he worked with Lexington Funds for 11 years, ultimately serving as director of mutual fund sales.

The Thornburg spokeswoman told MFWire.com that the firm is currently hunting for a new regional consultant to fill McInerney's old post.

McMahon sang McInerney's praises.

"We believe that his experience and knowledge will make him a great leader of the sales team," McMahon stated.

Company Press Release

THORNBURG INVESTMENT MANAGEMENT NAMES ROB McINERNEY NATIONAL SALES MANAGER

SANTA FE, NM – Rob McInerney, 45, was promoted to National Sales Manager for Thornburg Funds effective March 1, 2012. He will also assume the role of President of Thornburg Securities Corporation, succeeding Jack Gardner in both positions. Rob has served as Regional Consultant for Thornburg since 1999, serving advisors in metro New York, New Jersey, Pennsylvania, and Connecticut.

“Rob has contributed significantly to the execution of the sales and marketing strategies that have led to the substantial growth of our mutual fund business in the 13 years he has been at Thornburg,” says Brian McMahon, CEO and CIO of Thornburg Investment Management. “We believe that his experience and knowledge will make him a great leader of the sales team.”

Prior to joining Thornburg, McInerney worked for Lexington Funds based in New Jersey, where he started in customer service/operations in 1988 before leaving in 1999 as Director of Mutual Fund Sales.

Headquartered in Santa Fe, NM, Thornburg Investment Management, Inc., which was established in 1982, manages nine fixed income and seven equity funds, as well as separate accounts for high net worth and institutional investors, totaling approximately $73 billion in assets under management as of December 31, 2011.

All Thornburg Funds offer strategies for building real wealth – after taxes, inflation, and investment expenses – emanating from TIM’s risk managed investment style and long-term focus. Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus containing this and other information, visit thornburg.com. Read it carefully before investing.