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Deals and People June 16, 2010
Manning & Napier Advisors Names Two Top Execs
June 16, 2010 (PLANSPONSOR.com) – Manning & Napier Advisors has tapped Patrick Cunningham as Chief Executive Officer and Jeff Coons as President, the Fairport, New York firm announced.
Reported by Fred Schneyer
Cunningham, who was previously Co-Director of the firm’s Executive Group and Managing Director, Client Relations, has been with the firm since 1992. Coons, the current Co-Director of Research, will retain that position and will continue to serve on the Senior Research Group, a team of nine responsible for overseeing the investment process. He has been with the firm for 25 years.
The appointments mark a shift in the firm’s operating structure, which has been managed by a five-person Executive Group since 2003, according to the announcement.
Manning & Napier will remain an employee-owned firm, with 45 current shareholders including co-founder Bill Manning. The Executive Group will also remain intact and serve as an advisory board to the CEO.
Assets under management are approximately $30 billion, while proprietary mutual fund and collective investment trust assets are currently more than $13 billion, up from under $2 billion in 2004, the company said.
More information is at http://www.manningnapieradvisors.com/.