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Wednesday, July 22, 2015|
An Ivy Vet Takes Up One of Pickens' Hats
Jeff Place just anointed a successor to take one of the two Ivy Funds [profile] hats left behind by a top distribution executive who moved on from the mutual fund shop last month. Stay tuned for word on that departed employee's second hat: national accounts.
Ivy's retirement and national accounts efforts had previously been led by the same executive: senior vice president Kirsten Pickens. Yet Pickens left Ivy last month. With the appointment of Achatz, DC I-O now falls under Place, head of sales. And national accounts reports to Tom Butch, president and CEO of Ivy Funds Distributor.
Ivy had about $66 billion in AUM as of March 31, including about $6 billion in DC I-O.
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