Maura Walsh is now Portfolio Manager of the new Fidelity Inv MM Prime Reserves.
Money fund industry veteran Steve Everett is no longer with Northern Trust Asset Management.
As we mentioned in our June 8 News, "3 Money Fund Giants Retiring," Rich Hoerner, BlackRock's Co-Head of Global Cash Management, will be retiring at the end of the year. We wish Rich well!
Chief Fixed Income Officer Mike Fields retired from American Beacon Advisors. He was a founding member and PM of American Beacon's Money Market Funds. We wish Mike well in retirement!
Federated Investors appointed Paul Uhlman Head of Sales and President of Federated Securities Corp. to replace the retiring Tom Territ. Federated President & CEO J. Christopher Donahue commented on Territ, "Tom was an important part of Federated's growth over many years.... I'd like to thank him for his dedication and many contributions over the past 33 years."
RBC Global Asset Management hired Patrick Drennan as Managing Director and Sales Representative of Liquidity Management.