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Monday, July 7, 2014 An Ex-Lord Abbett Partner Bumps Up BPV's Distro Things are getting lively in Knoxville, Tenn. (I know, when are they not?) For example, BPV Capital Management has been bumping things up a bit with a new hire, in the form of Frank Gregory to the newly-created role of chief of distribution in late June. Earlier that month, the firm also hired Craig Davis to the position of chief financial officer, another newly-created position. The firm also plans to expand its external sales force from five to at least eight, and as time goes by, fill in other roles related to relationship management and key accounts. All of this is to support BPV's ramped up fund production. Launching four this year, the firm's leadership plans to unroll four to six more every year going forward. It will continue to do deals with new subadvisors to fuel these new funds going forward. "We're committed to taking this company to a special place. We've got a good story to tell and we're positive we can bring great asset managers to the marketplace," BPV chief executive Mike West recently told MFWire. Before joining BPV, Gregory had served as a principal at FMG Consulting, and before that as principal and chief strategy officer for Security Capital Advisors. Prior to these two roles, Gregory served 13-years with Lord Abbett, serving as a partner and director of retirement platforms. Gregory described his role at BPV in this way:
West said that one key challenge in terms of sales this year is generating broader understanding of the firm's funds, many of which are considered alts. Analysts, he argued, have a hard time finding the right categories in which to fit the funds. Printed from: MFWire.com/story.asp?s=48993 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |