Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SSRM CEO Leaves for Start-Up Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 24, 2000

SSRM CEO Leaves for Start-Up

Reported by Jason Shank

Ralph Verni, the president and chief executive office of State Street Research & Management Company (SSRM), the $56 billion MetLife subsidiary, will step down on May 8 to head the management team of Redwood,
Related Links
 Redwood
 State Street Research & Management
On InvestmentWires
 Simplified Statements: An Oxymoron?
Oct 4 1999
 New Faces at SSRM, New England Funds, and Federated
Jun 25 1999
a Boston -based company developing a suite of investment management products for professional portfolio managers and analysts.

As Redwood's new CEO, president and director, Verni "will set the direction, nurture people and get it done," according to company director Dean LeBaron, as well as add 30 years expertise as an investment professional. Founder and chairman Shekhar Shastri will step aside as CEO to focus his energies on "driving Redwood's innovation machine."

Verni has been at SSRM since August 1992 and also serves as chairman and trustee of the firm's 32 mutual funds. Prior to SSRM, he had been at New England Investment Companies where he was named president and chief executive officer in 1990.

Redwood's Manager product will be introduced at the AIMR conference in Chicago on May 1, 2000. The company intends to have a full Internet suite of products allowing investment professionals access from desktop computers and wireless devices to "simplify, track and act on intelligent, aggregated and contextual data across portfolios."

SSRM said that it has started a search for a permanent replacement for Verni and should hire its new head within three to six months. In the meantime, Jeff Hodgman, the head of MetLife Asset Management, will become the interim CEO and Jerry Maus, the current chief financial officer, will also become the interim chief operating officer. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use