Money Management Institute Announces New Officers, Executive Committee Members, and Governors: Leadership Brings Deep Experience and Fresh Perspective

Friday, May 8, 2020

NEW YORK, NY, May 8, 2020 – The Money Management Institute (MMI), today announced the election of its new Officers and Executive Committee Members for 2020‐2021, as well as five additions to its Board of Governors, with all changes effective May 1.

Marilee Ferone, Executive Vice President, Head of Strategic Partnerships at Advisors Asset Management, was named Chair of the MMI Board of Governors for the coming year. Troy Thornton, Managing Director, Head of U.S. Retail Distribution at Goldman Sachs, was named Chair‐Elect; Keith Glenfield, Managing Director, Head of Investment Products at Bank of America, was named Treasurer; and Eric Koestner, Principal, Packaged Products, Edward Jones, was named Secretary. Jennifer Abate, Managing Director at Lazard Asset Management, who just completed her one‐year term as Chair, was named Chair Emeritus.

“I am honored to have been chosen to lead the MMI Board of Governors,” said Ms. Ferone. “The investment advisory industry is navigating unprecedented changes as we address the impact of COVID‐19 and adopt to a new normal. As always, MMI is uniquely positioned to bring senior investment advisory executives together to address critical industry issues on behalf of investors. I look forward to working with my fellow officers, Executive Committee members, the MMI Board, and organization to drive these discussions over the next year.”

In addition to the five newly named officers, the other members of the MMI Executive Committee for 2020‐ 2021 are:

  • Steve DeAngelis, Senior Managing Director, Head of Distribution, FS Investments
  • Jim Devaney, U.S. Head of Distribution, PGIM Investments
  • Jeff Dowdle, Chief Operating Officer, Raymond James Financial
  • Cheryl Nash, CEO, Tegra118
  • Anne Steer, Head of Distribution, Congress Asset Management
  • Jake Tuzza, Managing Director, Head of Intermediary Distribution, Voya Investment Management
  • Craig Pfeiffer, President and CEO, Money Management Institute

Five new firms have been added to the MMI Board as part of a Board rotation policy that gives more member firms the opportunity to join the leadership group over time. The five new firms and their Board representatives are:

  • Macquarie Asset Management, Brett Wright, Head of Client Solutions Group Americas
  • Northern Trust Asset Management, Melinda Mecca, Director, Investment Solutions
  • T. Rowe Price, Tom Morelli, Head of U.S. Wealth Management Distribution, Intermediaries
  • Russell Investments (A representative to be named)
  • Vestmark, John Lunny, CEO

As part of this year’s Board rotation, the following five firms and representatives are transitioning off the Board:

  • Goldman Sachs Asset Management (Mr. Thornton will retain his seat on the Board as Chair‐Elect)
  • Legg Mason, Roger Paradiso, Head of Alternative Distribution Strategies
  • Lincoln Financial Advisors, David Berkowitz, President
  • Mariner Investment Group, William Turchyn, Partner
  • Neuberger Berman, Scott Kilgallen, Managing Director, Head of North American Intermediary

“In times like these, effective leadership is more critical than ever,” said Craig Pfeiffer, MMI President and CEO. “Our organization is fortunate to have such a distinguished and experienced group of industry leaders to guide our strategic agenda. As we welcome our new Officers, Executive Committee members, and Governors, I also want to recognize their predecessors for their service and commitment to MMI’s mission. All remain trusted colleagues and friends of MMI, and we thank them for their many contributions to our growth and success.”

About Money Management Institute (MMI): Established in 1997, the Money Management Institute (MMI) is the industry association representing financial services firms that provide financial advice and investment advisory solutions to investors. Through conferences, educational resources, and thought leadership, MMI facilitates peer‐to‐peer connections, fosters industry knowledge and professionalism, and supports the development of the next generation of industry leadership. MMI member firms are dedicated to helping individual and institutional investors, at every level of assets, plan for and fulfill their financial goals. For more information, visit www.MMInst.org.

Contact:  
Kelly Caporale,
 Money Management Institute, kcaporale@mminst.org, (646) 868-8514
Matthew Conroy, Peppercom, mconroy@peppercom.com, (212) 931-6133