HARTFORD, Conn., April 29, 2015 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that Thomas Franco has joined the company as managing director and divisional sales manager.
Franco
will lead the Western regional sales directors who support the
wirehouse channel for Virtus' open- and closed-end mutual funds and
separately managed accounts. John McCormack continues to lead regional directors in the Eastern region. Both report to Barry M. Mandinach, executive vice president, head of distribution.
"Tom
is an experienced leader who brings a proven track record of building
durable relationships with financial advisors and growing the business.
He understands the challenges advisors face in providing investment
solutions for their clients, and will be instrumental in helping us
further distinguish our value proposition among our distribution
partners," Mandinach said.
Franco
joins Virtus from UBS Global Asset Management, where he was managing
director and head of national sales since 2009, responsible for leading
the wholesale distribution sales team for the private client and
ultra-high-net-worth channels. Prior to becoming head of national sales,
he was executive director and national sales manager at UBS for the
PACE Select Funds.
He
joined UBS in 2001 from Phoenix Investment Partners (PXP), the
predecessor to Virtus, where he was a regional sales manager, a position
he also held at Zweig Mutual Funds, which was acquired by PXP in 1999.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS)
is a distinctive partnership of boutique investment managers singularly
committed to the long-term success of individual and institutional
investors. Virtus offers access to a variety of investment styles across
multiple disciplines to meet a wide array of investor needs, and
provides products and services through affiliated managers and select
subadvisers, each with a distinct investment style, autonomous
investment process and individual brand. Its affiliates include Cliffwater Investments, Duff & Phelps Investment Management, ETF Issuer Solutions, Euclid Advisors, Kayne Anderson Rudnick Investment Management, Kleinwort Benson Investors International, Newfleet Asset Management, Newfound Investments, Rampart Investment Management and Zweig Advisers.
SOURCE Virtus Investment Partners, Inc.
RELATED LINKS
http://www.virtus.com
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