NEW YORK, NY, May 1, 2025 – The Money Management Institute (MMI) has announced the election of its new Officers and appointment of its Executive Committee Members, as well as five additions to its Board of Governors.
The MMI Board has elected Kara Julian, previously with Morgan Stanley, as Secretary. Kara joins Jill Brown, President, Principal Funds Distributor of Principal Asset Management as Treasurer, and Chair-Elect Jim Devaney, Head of U.S. Distribution at PGIM. Brendan Clark, CEO of Clark Capital, was announced as Chair and Anne Steer, Head of Distribution at Congress Asset Management, completes her term as Chair and will now serve as Chair Emeritus.
“Assuming the role of Chair of the MMI Board of Governors is an honor, offering me the chance to contribute meaningfully to the organization’s mission and goals,” Mr. Clark said. “I look forward to partnering with the MMI Board, Executive Committee, and our esteemed members to foster positive change within the communities we serve."
MMI also announced two newly named members of the MMI Executive Committee:
- David Giffen, Managing Director, UBS
- Brian Schappert, SVP, Head of U.S. Intermediary Distribution, American Century Investments
They join continuing Executive Committee members:
- Brad Jung, Head of North America, Advisor and Intermediary Solutions, Russell Investments,
- Scott Kilgallen, Managing Director, Head of NA Intermediary, Neuberger Berman,
- John McDonough, Head, Wealth Management Intermediaries, Invesco,
- Mike Serchen, Director of Managed Accounts, Anchor Capital, and
- MMI Officers Jill Brown, Kara Julian, Brendan Clark, Jim Devaney, Anne Steer, and MMI President and CEO Craig Pfeiffer.
Five firms have been elected to the MMI Board as part of a Board rotation policy that allows more member firms to participate in MMI leadership. The new firms being added to the Board and their representatives are:
- Blackstone: Sheila Rapple, Senior Managing Director, Global Head of Investor Services, Private Wealth Solutions Group
- Capital Group: Pete Thatch, Senior Vice President, Head, Strategic Relationship Group
- Cohen & Steers: Paul Zettl, Executive Vice President, Head of Global Marketing, Chief Marketing Officer
- InvestCloud: Cheryl Nash, President, APL
- PGIM: Jim Devaney, Head of U.S. Distribution
Sincere appreciation goes to the following firms and their Governors transitioning off the Board as part of the rotation policy:
- Brendan Clark, Chief Executive Officer, Clark Capital*
- Pete Hill, Managing Director, Head of the RIA Channel, Americas Wealth Business, State Street Global Advisors
- John McDonough, Head, Wealth Management Intermediaries, Invesco
- Ryan Robertson, Managing Director, National Sales Manager, Co-Head of U.S. Distribution, FS Investments
- Anne Steer, Head of Distribution, Congress Asset Management*
“MMI is proud to welcome a new class of accomplished industry leaders to help guide our strategic direction at this pivotal time in our journey,” said Mr. Pfeiffer. “As we formally recognize our incoming Officers, Executive Committee Members, and Governors, I want to sincerely thank those who have completed their terms. Their dedication and leadership have shaped MMI’s progress and purpose, and they will always be valued members of our community. We look forward to honoring both new and outgoing board members at our upcoming annual Board retreat.”
*Board Governors are elected as individuals. As firms rotate off the Board, it does not impact the individual's ability to serve in an Officer role.
About the Money Management Institute (MMI):
Established in 1997, the Money Management Institute (MMI) is the industry association for financial services firms, serving as the leading catalyst and resource for the advancement of investment advice. MMI advances the wealth and asset management industries through connections, knowledge, and professional growth. We are committed to fostering collaboration, supporting diversity of thought, sharing expertise, and driving innovation. By championing best practices and encouraging open dialogue in investment advice, we empower firms and professionals to better serve clients and investors in an ever-evolving world. We offer our members premier professional development programs, specialized curriculums, invaluable thought leadership, and dynamic peer-to-peer networks.
Our membership spans wealth managers, asset managers, and solutions providers of all sizes, with professionals representing every functional area of the financial services ecosystem. Together, we are shaping the future of investment advice. Follow MMI on LinkedIn.
Media Contact:
Kelly Caporale
Money Management Institute
646-868-8514
kcaporale@mminst.org
