US - Ivy Asset Management has appointed Sean Simon and Michael Singer as co-Presidents and Adam Geiger as CIO effective immediately, as part of a significant boardroom shake up.
In their new roles, Simon will oversee Ivy’s global client relationship development and servicing while Singer will handle finance, compliance, IT, human resources and administration departments.
Geiger will manage the global investment team and oversee manager research and selection, portfolio management, operational due diligence and risk management. Geiger will report to the co-presidents.
The firm, a subsidiary of The Bank of New York Company, also announced co-founders Lawrence Simon and Howard Wohl had been named vice chairmen.
Simon and Howard will serve as strategic advisers to the firm, participating in the tactical development of key firm initiatives and providing mentorship to Ivy executives.
Industry Voice: Sponsored by Eaton Vance
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.