MutualFundWire.com: Gagliano and Shaffer Join a Distro Support Startup

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Thursday, August 17, 2023

Gagliano and Shaffer Join a Distro Support Startup

A 14-year Broadridge veteran and a senior Russell Investments leader are joining the C-suite of an artificial intelligence-powered startup that is a distribution support ally to fundsters.

Charles Milton "Charlie" Shaffer
TIFIN AMP
President, Chief Revenue Officer

Today, Vinay Nair, founder and CEO of TIFIN ("Technology in Finance"), confirms that he has hired Sal Gagliano and Charlie Shaffer, both based in the New York City area, for two of the top roles at TIFIN's new TIFIN AMP spinoff. Shaffer will serve as TIFIN AMP's president and chief revenue officer, Gagliano will serve as TIFIN AMP's CEO, and Boulder, Colorado-based Nair will continue to serve as TIFIN AMP's founder and executive chairman (as well as chief of its parent, TIFIN).

Salvatore "Sal" Gagliano
TIFIN AMP
CEO

Shaffer most recently served as global head of distribution at Russell [profile], where a new CEO took over back in the spring.

"We appreciate all of Charlie's efforts to streamline and further globalize the GTM businesses and wish him the best in his new endeavor," Steve Claiborne, a Russell spokesperson, tells MFWire via email.

Vinay B. Nair
TIFIN / TIFIN AMP
Founder, CEO / Founder, Executive Chairman

Gagliano spent more than 14 years at Broadridge, most recently serving as senior vice president and general manager of regulatory and marketing communication solutions. A Broadridge spokesperson declined to comment.

At TIFIN, Nair lauds Gagliano and Shaffer as "two industry leaders with a deep background in driving the adoption of innovative distribution solutions in asset management."

"I am excited to work with both leaders as we build on AMP's foundation to revolutionize how asset management firms make distribution decisions through AI," Nair states.

Gagliano, for his part, lauds TIFIN AMP's "unique data, innovative AI capabilities and strong talent."

"I am thrilled to join the TIFIN AMP team as we strive to modernize distribution for the Asset Management industry," Gagliano states.

News of the hiring of Shaffer and Gagliano comes eight months after the TIFIN team first unveiled the launch of TIFIN AMP, which they pitched as "the asset management industry's first SaaS-based AI platform for modern distribution." Then the TIFIN AMP team raised a series A funding round, unveiled two months ago, and spun off from TIFIN with an independent board. (Motive Partners, which co-led TIFIN's own $109-million series D funding round last year, led TIFIN AMP's series A.)

Before joining Russell in 2021, Shaffer led distribution for Voya IM. Earlier, he held leadership roles with Credit Suisse AM, Merrill Lynch, Deutsche Bank, and Morgan Stanley. He is an alumnus of Duke University's School of Law and of Princeton University.

Gagliano spent more than 14 years with Broadridge, serving in a variety of leadership roles before becoming SVP and GM of regulatory and marketing communication solutions in 2017. Earlier, he worked in investment banking with Thomas Weisel Partners, CIBC World Markets, and PricewaterhouseCoopers Securities, and he also worked at a private equity firm. He is an alumnus of Dartmouth's Tuck School of Business and of Brown University.

Printed from: MFWire.com/story.asp?s=66320

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