MFS Investment Management
will be creating a new executive position geared towards promoting retail sales. William W. Scott
, who is currently president of MFS Fund Distributors, will become vice chairman of the parent company on the first of the year.
In his new role he will retain the helm of the retail sales area, but he will it has been also designed to allow him to devote his time to courting wirehouses.
"In terms of MFS's distribution, we sell through financial intermediaries, specifically wirehouses, regional firms, and independent financial planners," said MFS spokesman David Oliveri
Nonetheless, Scott's primary responsibility will be cultivating relationships with wirehouses, especially Merrill Lynch, which Oliveri said "really represents a large portion of our mutual fund sales."
Scott is expected to spend more time traveling and investing face time with other corporate executives. Martin Beaulieu
will take his place, moving from his position as president of MFS Retirement Services. The shift will give Beaulieu more responsibility, as the retail sales arm conducts more business than the retirement business. Carol Geremia
will move up to Beaulieu's old spot from her job as national sales manager and director of corporate plan services.
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