MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, April 8, 2016 DiMarsico Builds Out a New Team For Federated Michael DiMarsico is building out a new relationship management team at Federated Investors [profile].
"We have an open position we've looking to fill as fast as we can," DiMarsico tells MFWire. "If we're successful, the group's not going to stay at three people for very long." The new MRC group, so named by DiMarscio, will be "working with the various research groups at all of [Federated's] national account firms." That function had previously been handled within the same unit that works with institutional consultants. "We've had people ... who have been working with manager research groups for many years," DiMarsico says. "We got to a certain size... We wanted to be more focused, deliver more service, and put more resources in place specifically to handle the national account wealth management firms." The first MRC, South Jersey-based BlackRock alumnus Theo Williams, joined Federated last summer. Now central Jersey-based DiMarsico is leading the MRC team, reporting to executive vice president and national sales director Paul Uhlman. DiMarsico puts the creation of the group into the context of the increasing importance of home office due diligence teams at wirehouses and other firms. "The DoL reg will drive even more assets" to discretionary home office models run by those teams, DiMarsico says. DiMarsico joined Federated two years ago as a senior relationship manager focused on institutional clients. An alumnus of the University of South Florida, DiMarsico joined Federated after a decade at Merrill Lynch, where he rose to head of quantitative due diligence. Printed from: MFWire.com/story.asp?s=53794 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
