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Rating:A Soon-to-be-Acquired Fund Firm Bids Adieu to its Sales Chief Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 25, 2010

A Soon-to-be-Acquired Fund Firm Bids Adieu to its Sales Chief

Reported by Armie Margaret Lee

There's been changes in the top ranks at Van Kampen Investments, which is set to become part of Invesco later this year. The MFWire has learned that Van Kampen's sales chief, David Linton, is no longer with the firm. Meanwhile, Elizabeth Hughes Eginton, who joined Van Kampen last year as head of product and marketing, has moved to Morgan Stanley Smith Barney.

"David Linton will pursue opportunities outside of Van Kampen," Morgan Stanley spokesperson Erica Platt wrote in e-mailed comments to The MFWire.

Mark McClure and Mike Tobin now lead the sales and key account management teams.

Linton could not immediately be reached for comment.

Invesco's $1.5 billion purchase of Morgan Stanley's retail asset management business, including Van Kampen, was first unveiled last October and is slated to close in the middle of this year.

Linton, who is based out of Hingham, Massachusetts, joined Van Kampen in 2001 and was promoted in 2003 to run all of sales. As director of national sales, Linton led around 125 people, including 65 external and 44 internal wholesalers. Earlier, Linton held sales management roles at SunAmerica, ING Pilgrim and Northstar Funds.

As for Eginton, she took on the role of director of marketing at Morgan Stanley Smith Barney effective January 21. Her duties at Van Kampen have been assumed by chief administrative officer Brian Binder, according to Platt.

Before joining Van Kampen in February of last year, Eginton worked as director of corporate strategy at Legg Mason Capital Management and earlier, she was a principal in consulting firm McKinsey & Company's asset management practice. 

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