Company Press Release

Parametric Appoints Institutional Consultant Relations Directors

SEATTLE, May 15, 2013 -- Parametric Portfolio Associates LLC ("Parametric"), a subsidiary of Eaton Vance Corp., today announced it has added depth to its institutional sales team by hiring two Directors of Consultant Relations: Michi McDonough and Chris Wisdom. Parametric is a leading provider of engineered investment strategies and implementation services to institutions, family offices and individual investors.

Both new hires will report to James Barrett, Parametric's Managing Director of Institutional Sales and Client Service. Mr. Barrett is leading the effort to expand Parametric's internal institutional sales and client service teams. Mr. Barrett defined the new roles stating, "Michi and Chris will be dedicated to developing and enhancing Parametric's working relationships with investment consulting firms. They will be working closely with our existing sales, product management and relationship management teams as they engage with the consultant community."

Kip Chaffee, Managing Director of The Clifton Group ("Clifton"), a division of Parametric, welcomes the new team members. "Michi and Chris have the industry knowledge and contacts to broaden our message throughout the consulting community." Clifton's risk management strategies and overlay services for institutional clients employ futures, options and similar instruments to help clients enhance risk-adjusted returns. Mr Chafee continued, "We see tremendous potential for growth in our overlay business as more institutions realize the value and cost-efficiency of using derivatives to control investment policy based risk, increase efficiency, and improve expected returns."

Parametric Chief Executive Officer, Brian Langstraat, emphasizes the growing role of institutional asset management at Parametric. "Our vision for Parametric is to offer an industry-leading platform of portfolio implementation, risk management, tax management and engineered investment strategies to sophisticated investors around the globe. The recent addition of Clifton further enhances our ability to serve institutional clients; it complements our existing capabilities and adds meaningfully to our product offerings."

Michi McDonough will be based in Boston, MA. Prior to joining Parametric, Ms. McDonough held positions at Wellington Management where she was previously Vice President and Consultant Relations Manager, Westfield Capital Management and MFS Investment Management. She received an M.B.A., magna cum laude, from Babson College and a B.A. in Economics from Emory University.

Chris Wisdom comes to Parametric from Dimensional Fund Advisors ("Dimensional") where he was previously Regional Director, Consultant Relations, and will be based in Seattle. Prior to joining Dimensional, Mr. Wisdom was a vice president at MSCI, and worked as an investment consultant with Towers Watson in the U.S. and Mexico. He received a B.A. in Mathematics and Statistics from the University of Windsor and is a CFA charter holder and a member of the CFA Society of Los Angeles.

About Parametric

Parametric, a subsidiary of Eaton Vance Corp., focuses on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including tax-managed core equity, futures overlay and centralized portfolio management. As of March 31, 2013, Parametric, and its registered investment adviser affiliate Parametric Risk Advisors, LLC ("PRA"), managed approximately $98.2 billion in assets on behalf of institutions, high-net-worth individuals and fund investors domiciled in the U.S. and internationally. Parametric investment centers include Seattle, WA, Minneapolis, MN and Westport, CT (PRA office).

About Clifton

Parametric's Minneapolis-based division, Clifton, has been delivering customized investment solutions to investors since 1972.  Clifton specializes in implementing derivatives-based overlay applications that are designed to improve fund sponsors' efficiency and flexibility.  As of March 31, 2013, the firm manages more than $35 billion in total assets under management, on behalf of approximately 190 institutional clients.

SOURCE  Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC