MutualFundWire.com: A $13.7B California Firm Turns to a New CEO

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Monday, December 31, 2012

A $13.7B California Firm Turns to a New CEO

The $13.7 billion AUM, San Francisco-based WHV has a new chief executive officer.

The firm has hired Andrew Turner, former chairman and co-founder of the $11 billion Northern Lights Capital Group, to serve as president and chief executive officer.

He replaces Judith Stevens, who is retiring in January after more than 30-years with the firm.

The company says that Turner will "lead WHV’s growth strategy into global financial markets."

Before co-founding Northern Lights Capital, Turner was director of research and managing director of investment management and research at Russell Investments.

Founded in San Francisco in 1937, WHV Investment Management was, until January 31, 2012, known as Wentworth, Hauser and Violich. It markets two mutual funds, the WHV International Equity Fund, and the WHV Emerging Markets Equity Fund.

Here is the press release:

Company Press Release
Andrew Turner Joins WHV Investment Management as President and CEO
Company pursues global growth strategy

SAN FRANCISCO--WHV Investment Management today announced that Andrew L. Turner will join the company as President and CEO, replacing Judith R. Stevens who is retiring in January 2013 after more than three decades with WHV. Turner, former chairman of Northern Lights Capital Group, will lead WHV’s growth strategy into global financial markets.

“WHV’s successes for more than 75 years are a solid foundation for the future”

“As WHV embarks on an aggressive growth strategy, new markets will be an essential ingredient,” said W. Kurt Hauser, WHV chairman. “Andy has the skills and experience to lead the company forward into the global financial markets.”

Turner, who holds a Ph.D. in Management Science and Applied Economics from the Wharton School of the University of Pennsylvania, has been involved in a wide-ranging portfolio of leadership roles including Director of Research and Managing Director of Investment Management and Research at Russell Investments. He is a founder of Northern Lights.

“WHV’s successes for more than 75 years are a solid foundation for the future,” Turner said. “I look forward to building on this legacy as we expand globally.”

Stevens joined WHV in 1975 and held a variety of posts leading to her role as President in 2002. “She has served us long and well,” Hauser said. “Her tenure and accomplishments are the foundation of our strategic plan for growth.”

About WHV Investment Management

Founded in San Francisco in 1937, WHV Investment Management is one of the oldest investment management firms on the West Coast. Founding partner William Wentworth’s vision established a tradition of personalized client service and a commitment to high-quality equity and fixed income investment strategies. Over seventy-five years later, WHV, with $13.7 billion in assets under management, provides innovative investment management services to a diverse client base that includes institutions and individuals worldwide.

WHV is headquartered in San Francisco with an office in Seattle. It is a wholly-owned subsidiary of Laird Norton Investment Management, Inc.