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Rating:UAM President Leaves for Delaware Top Spot Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, November 29, 1999

UAM President Leaves for Delaware Top Spot

Reported by Jason Shank

After an extensive search, Lincoln Financial Group has hired Charles Haldeman, Jr. to head its Delaware Investments and Lincoln National Investment Co. (LNIC) subsidiaries as chief executive officer. Haldeman will leave the post of president and chief operating officer of Boston's United Asset Management (UAM) in December and begin his new duties on January 3, 2000.

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Lincoln has been looking to fill the top spot at Delaware and LNIC since the June departure of Jeff Nick, in the meantime hiring a CEO for Vantage Investment Advisors, another Lincoln subsidiary which falls under the LNIC umbrella and a new head of mutual funds at Delaware.

UAM will be starting an executive search to replace Haldeman, who had been president and chief operating officer since March 1998 after serving for 23 years as director of Cooke & Bieler, a Philadelphia-based affiliate of UAM.

The current CEO, Norton Reamer, said in a statement that since he was less than a year from a "normal retirement date," UAM would be looking for a new CEO who can carry forward the work that he and Haldeman had begun.

"Ed Haldeman brings more than 25 years of outstanding financial experience, leadership and investment management expertise to Delaware. His strong credentials and demonstrated leadership skills at UAM and Cooke & Bieler are widely recognized and respected by the investment community. We are extremely pleased to add him to the Lincoln team," said Jon Boscia, president and chief executive officer of Lincoln National Corporation.

A Lincoln spokesperson added that the combination of strong general management experience and operational experience were the determining factors in Haldeman's selection. 

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