MutualFundWire.com: An $81B-AUM Fund Firm's Prez Pinch-Hits

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Monday, February 22, 2021

An $81B-AUM Fund Firm's Prez Pinch-Hits

A top executive at a $81.171-billion-AUM, 35-year-old, publicly traded mutual fund firm is stepping up while the CEO is out on medical leave.

Joseph M. "Joe" Harvey
Cohen & Steers, Inc.
Acting CEO, President, Board Member

Today Joe Harvey, president and board member of Cohen & Steers, Inc. [profile], and Marty Cohen, co-founder and chairman, confirm that yesterday the New York City-based firm's board of directors elevated Harvey (age 57) to acting CEO. The move comes after Bob Steers — co-founder, CEO, and board member — "experienced a brain aneurysm on Saturday," Harvey confirms.

"He underwent successful surgery to repair the aneurysm and is currently in intensive care," Harvey states. "As we remain focused on delivering for our clients, we wish Bob and his family the very best."

"We have exceptional corporate leadership and we will move forward with no interruption to our business and growth initiatives," Cohen states.

Steers and Cohen founded their eponymous, real estate-focused asset management firm in 1986, and in 2014 Steers became the sole CEO while Cohen became the sole chairman. (They previously divided both duties.) Prior to that, Steers served as chief investment officer of National Securities and Research Corporation, working with Cohen. Earlier on, he PMed a stock fund for Citi. He is an alumnus of George Washington University and of Georgetown University.

Harvey joined Cohen & Steers as a REIT analyst. He later served as a PM and CIO. He rose to president in 2003, and in 2019 he joined the board. Earlier, he worked at Robert A. Stanger & Co. he is an alumnus of Princeton University.

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