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Rating:OppFunds Shuts an Office and Shuffles Four SVPs Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, March 23, 2011

OppFunds Shuts an Office and Shuffles Four SVPs

News summary by MFWire's editors

Marty Willis is making more changes at OppenheimerFunds [see profile]. The MFWire has learned that the OppFunds chief marketing officer has expanded the duties of two of her senior vice presidents, even as she says goodbye to two other SVPs and as the New York-based mutual fund firm and MassMutual subsidiary closes its Boston office.

Fundsters may not be surprised to hear that Willis, a Fidelity alum who joined OppFunds in October 2009, is making more changes at the fund firm. The MFWire confirmed that marketing SVP Bob Grill and strategy and product management SVP Tom Keffer, both of whom are long-time OppFunds veterans reporting to Willis, will be leaving OppFunds within several months. The MFWire could not immediately reach Grill or Keffer for comment on their impending departure.

"Tom Keffer and Bob Grill have been key contributors and leaders at OppenheimerFunds," a spokesperson for OppFunds said in an e-mailed statement. "We wish them the very best in the future."

Meanwhile, Willis also promoted two of her own. The MFWire confirmed that: Diane Frankenfield, SVP of marketing, now oversees marketing communications and digital strategy; and that Lori Heinel, SVP of investor services, now oversees investment communications and product management.

"OppenheimerFunds has recently made changes to its marketing organization to enhance its product management digital capabilities, to better position us to manage the rapidly changing financial services landscape," the spokesperson said in the statement. "As a result, we have expanded the roles and responsibilities of some of our senior marketing leaders."

The spokesperson also confirmed that OppFunds is closing its Boston arm, though the spokesperson declined to offer more details as to the number and type of staff based in the office. 

Edited by: Neil Anderson, Managing Editor


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