One Commerce Square
2005 Market Street
Philadelphia, PA 19103
Google Maps
Contact
Main Phone: 215-255-1200
Web Site:
http://www.delawareinvestments.com
Mutual Fund Brand(s)
Delaware Funds, Macquarie ETFs, Ivy Funds, Optimum Funds
Research Links
Stock Data: SEC Filings | Yahoo! Quote
SEC Fund Filings by CIK
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Background:
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Philadelphia-based Macquarie Investment Management (fka Delaware Investments) is part of Macquarie Asset Management (MAM), the multinational asset management division of Sydney, Australia-based Macquarie Group. Macquarie Group, in turn, is a publicly traded bank that was founded in 1969.
A predecessor to Delaware was founded in 1929, and it launched its first mutual fund in 1938.
Lincoln Financial GroupIn 1995, then-CEO Wayne Stork led negotiations to sell Delaware Management to Lincoln National Corporation, the Fort Wayne, Indiana, financial services company. After the sale Delaware continued to operate under its own branding and maintained its headquarters in Philadelphia.
Stork retired as CEO and CIO of Delaware Management in 1999 and was succeeded by Jeffrey J. Nick.
Macquarie GroupOn August 19, 2009, Macquarie entered into an agreement to purchase Delaware Investments from Lincoln Financial for $428 million. At the time, Delaware claimed assets under management of more than $125 billion.
Macquarie completed the acquisition on January 4, 2010 for $451.8 million in cash, subject to customary post-closing adjustments, and branded the acquiree as "Delaware Investments, a member of Macquarie Group."
In 2017, Macquarie rebranded Delaware Investments as Macquarie Investment Management.
IvyOn April 30, 2021 Macquarie Asset Management closed on its planned acquisition of Waddell & Reed. MAM promptly sold off Waddell's B-D (also as planned) while hanging onto its asset management business, home of the Ivy Funds.
U.S. Brand ConsolidationIn January 2024, the MAM team unveiled plans to unify their U.S. wealth channel branding under the Macquarie name. The plan, which was expected to take 12 to 18 months, involves phasing out the Delaware Funds by Macquarie brand, the Ivy brand, and the Central Park Group brand.
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Sponsored Opportunities
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Key People:
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Shawn Lytle
Head of the Americas / Global Head / President, Macquarie Group / Macquarie Investment Management / Delaware Funds | Brett Wright
Outgoing Head of the Americas Client Solutions Group, Macquarie Asset Management | David Connor
Senior Vice President, General Counsel, Secretary, Delaware Investments | David Brenner
Chief Administrative Officer, Macquarie Investment Management | Roger Early
Global Co-Head, Fixed Income, Macquarie Investment Management | Scott Kearney
Head of Institutional Sales, Delaware Investments | Neil Siegel
SVP, Co-Head of Client Group, Macquarie Investment Management | Ania Mikson
Head of Human Resources, Delaware Investments |
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