The board of a $47-billion-AUMA mutual fund firm in New Mexico is expanding to seven directors, including four independent directors.

Today, Garrett Thornburg, chairman and founder of Thornburg Investment Management [profile], confirmed that last Thursday Blair Naylor joined the Santa Fe-based firm's board as an independent director. The move follows the addition in December of another independent director.

Naylor is a former wirehouse advisor who later launched her own RIA, Palace Capital Management, and she is vice president of the Thornburg Foundation. Garrett Thornburg praises the new board member for her "leadership and perspective," gained from "three decades of financial industry experience and deep philanthropic involvement" in the Santa Fe area.

Before launching Palace, Naylor worked at Draycott Capital, Smith Barney, and Merrill Lynch. She is an alumna of Tulane University, and she serves on the boards of Pecos River Management and Century Bank. 

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