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Rating:Eaton Vance Hunts for a Marketer after a Now-Former Exec's Arrest Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 02, 2009

Eaton Vance Hunts for a Marketer after a Now-Former Exec's Arrest

Reported by Armie Margaret Lee

Eaton Vance is looking for a new marketing chief following the departure of Stephen Barrett last month in the wake of his arrest at an elite women's college.

Boston-based Eaton Vance is advertising an opening for a managing director of marketing position on its Web site. Barrett had been Eaton Vance's top marketing executive for about 10 months.

Two weeks ago, The Wellesley Townsman and The Boston Herald reported that Barrett, 40, was arrested on March 11 after allegedly exposing himself at Wellesley College.

Barrett was charged with indecent exposure and open and gross lewdness. He was later arraigned at Dedham District Court and "released on personal recognizance," The Herald quoted Wellesley Police Deputy Chief Bill Brooks as saying.

Barrett was terminated from his post at Eaton Vance two days after the arrest, according to The Herald. Eaton Vance chairman and CEO Tom Faust is listed as one of Wellesley College's trustees on the college's Web site.

The Herald reported that enforcement officials were also investigating whether Barrett had any connection with other lewd acts that triggered a "campus crime alert" in February. A so-called "campus flasher" was first seen exposing himself at the beginning of the fall semester in September and prompted at least five 911 calls in recent months, according to the report.

Barrett's two-story home in Wellesley was put up for sale the week of his arrest, the Herald reported.

Barrett joined Eaton Vance last May. In an interview with The MFWire a month before he started his job at Eaton Vance, Barrett said what drew him to the firm was the "culture that permeates everything they do" and its "terrific investment acumen" (see The MFWire, 04/25/08).

Earlier, he was director of marketing for Waddell & Reed and Ivy Funds. He previously served in the same role for Ivy Funds adviser Mackenzie Investment Management, which Waddell & Reed purchased in 2002. 

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