Contact: Joan Lensing
610-430-7684
[email protected]
Matthew Witkos of Eaton Vance Is Named
Chairman of MMI Board of Governors
CHICAGO, IL, April 26, 2012 – The Money Management Institute (MMI), the national organization for the managed investment solutions and wealth management industry, today announced that Matthew Witkos, President of Eaton Vance Distributors, Inc., has been elected Chairman of MMI’s Board of Governors for the coming year. Three other appointments were also announced: John Moninger, Executive Vice President, Advisory and Brokerage Consulting Services of LPL Financial Services, is Chairman-Elect for 2013-14, Joseph Schultz, Managing Director, Goldman Sachs Asset Management, will become MMI’s Treasurer, and Lorna Sabbia, Managing Director, Head of Managed Solutions Group at Merrill Lynch, will become Secretary.
Mr. Witkos will assume the duties of office at MMI’s annual convention in Chicago the week of April 23rd, when the present Chairman, James Seuffert, President and CEO of Lockwood Advisors, Inc., an affiliate of Pershing LLC, becomes Chairman Emeritus. In January, MMI announced that Jeffrey Wilk, Vice President and Head of U.S. Retail Product Management for the MetLife Broker Dealer Group, and William Golden, Managing Director and Head of U.S. Product for Legg Mason Global Distribution, had joined the MMI Board of Governors. Mr. Wilk’s seat was added in recognition of the growing role that insurance providers play in the advisory solutions industry.
MMI’s Board of Governors is comprised of representatives from 32 industry firms – nearly evenly split between asset management companies and broker-dealers – that manage more than 90% of the approximately $2.3 trillion in assets that the advisory solutions industry has under management.
“I am honored to be chosen to lead the MMI Board of Governors, especially at a time when membership growth has been so strong and the benefits offered to members continue to multiply,” said Mr. Witkos. “In addition, the organization, under the leadership of Jim Seuffert and the Board, has embarked on a complex initiative to create a comprehensive repository of industry sales data that is expected to be a game changer for all of us.”
As President of Eaton Vance Distributors, Inc., Mr. Witkos is responsible for overseeing the retail and institutional distribution of Eaton Vance products and services in the U.S. and abroad. He joined the firm in May 2007. Previously, he had been affiliated with Natixis Asset Management Group as Executive Vice President–Global Distribution. Prior to joining Natixis in 2001, Mr. Witkos held the positions of Managing Director and National Sales Manager at Forward Asset Management (1998-2001), Senior Vice President and Co-National Sales Director at GE Asset Management (1994-1998) and was a wholesaler with Nuveen Investments, marketing the firm’s municipals product line in Northern California and Nevada (1990-1994). Mr. Witkos earned a B.A. from the University of New Hampshire.
About the Money Management Institute (MMI): Since 1997 MMI has been the leading voice for the global financial services organizations that provide advice and professionally-managed solutions to individual and institutional investors. Through industry advocacy, educational initiatives, regulatory affairs, data reporting and professional networking, MMI supports and advances the growth of advisory solutions. MMI members’ advice-driven investment solutions serve an evolving worldwide financial landscape and their organizations are committed to the highest standards of fiduciary responsibility and ethical conduct. For more information, visit www.moneyinstitute.com.
