MutualFundWire.com: Fifth Third Taps Talent from Russell

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Tuesday, October 12, 2010

Fifth Third Taps Talent from Russell

Fifth Third Asset Management [see profile] has brought on board Matthew Waters as its new sales desk manager. Waters takes over from Mike Bacon, who left Fifth Third to pursue other opportunities, according to company spokeswoman Charissa Brinkman.

Waters, who started at Fifth Third on July 19, oversees six internal wholesalers and reports to Gavin Whitmore, managing director of intermediary distribution.

Previously, Waters was with Russell Investments, where he spent the past two years as a sales associate covering wirehouses, regional broker-dealers and RIAs in the Carolinas and Virginia. Earlier, he spent six years at Raymond James Financial.

A spokesperson for Russell could not immediately be reached for comment on how Waters' former duties are being handled.

Company Press Release

Fifth Third Asset Management, Inc. Announces New Sales Desk Manager

Cincinnati – Fifth Third Asset Management, Inc. (FTAM) has hired Matthew Waters as its new Sales Desk Manager, reporting to Gavin Whitmore, FTAM’s Managing Director of Intermediary Distribution.

Waters comes to FTAM from Russell Investments where he served as a Sales Associate for the past two years covering wirehouses, regional broker/dealers and Registered Investment Advisors in the Carolinas and Virginia. Prior to joining Russell, he was with Raymond James Financial for six years where he served as Product Specialist/Manager in the firm's Asset Management department.

"We are very pleased to have Matt join our team," said Whitmore. "Matt's background and experience aligns with FTAM’s goals – building and maintaining consultative relationships with top tier Financial Advisers and teams." As FTAM continues to grow its sales desk, Waters will be responsible for training and overseeing the work of internal wholesalers.

Waters is a graduate of The Florida State University, earned the Certified Investment Management Analyst (CIMA) designation and holds FINRA 7 and 66 licenses.