is taking over Huntington Asset Services Inc.
, but he's hanging on to his current duties, too.
On Tuesday Jim Dunlap
, senior executive vice president and director of regional banking and the private client group at the Columbus, Ohio-based bank, confirmed
the promotion of Young to president of HASi, the bank's mutual fund servicing business (formerly known as Unified Fund Services). A five-year HASi veteran, Young was already in charge of its business development, client servicing, distribution, institutional custody, and relationship management efforts.
"I will continue to have responsibility for that and more," Young tells MFWire
, noting that the promotion means he's adding oversight of the rest of HASi, including fund accounting, tax, transfer agency, and more. "I'm quite excited about it."
Young now reports to Steve Short
, who oversees all the bank's trust businesses. Young succeeds departing HASi president Joe Rezabek
. (Huntington revealed only that Rezabek is leaving "to lead a privately held firm" that's also based in Columbus.)
HASi has a team of about 80 people, and they offer a host of services to clients with combined assets of more than $45 billion.
"We will always support new managers who want to get into the mutual fund space," Young says. "We'll also look for good opportunities with existing fund groups that may be looking for a little more customization."
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