The board of directors at Ivy Funds'
] parent, Waddell & Reed
, has gained a new member, a mutual fund distribution veteran. Jim Jessee
began working with the Overland Park, Kansas-based firm in July.
| James Andrew Jessee|
Waddell & Reed
A spokesperson from Waddell confirmed that Jessee took over from James Raines
, who retired from Waddell's board in April.
Prior to joining the board at Waddell & Reed, Jessee spent 31 years with MFS Investment Management. He worked in dealer relations and fund distribution, served as the president in the early 2000s, and as co-head of global distribution and then as a strategic advisor
until his retirement in 2018.
Jessee joins Thomas Godlasky, Kathie Andrade, Sharilyn Gasaway, Alan Kosloff, Dennis Logue, Michael Morrissey, Philip Sanders, and Jerry Walton on the Waddell & Reed board
. He will work with his fellow corporate directors to support the firm as a representative of shareholders.
"This is an industry that I have a lot of passion and excitement about," Jessee told
. "I'm happy to be affiliated with the firm and watch it grow."
Jessee holds a BS in business administration from the University of Richmond.
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