Money Management Executive reported, "Karen Dunn Kelley, Top Women in Asset Management Awards Winner." It says, "Karen Dunn Kelley has spent the majority of her career at Invesco where she's risen to lead its fixed income business and global equities investment teams. She joined the firm in 1989 as a money market portfolio manager, and just three years later, was named chief money market and government officer. In April 2007, she was named CEO of Invesco's newly combined fixed income division. While her roles have evolved, Kelley's interest and passion for the fiduciary nature of the industry has been consistent. Some of her biggest contributions have focused on clarifying fiduciary issues related to money markets, as she's been a vocal proponent of ensuring that money market funds remain investment options for institutional and retail investors. Risk management has gained great importance today, she says. "When I started, ETFs didn't even exist. Risk wasn't the big buzzword it is now, for example, and the fiduciary nature of asset management wasn't nearly as much of a focus." Kelley says she's learned that as long as fund providers have a strong fiduciary process, then they'll get the right product into the right hands through the right channels. To best meet client needs, she says the industry must react to the regulatory environment without losing sight of fiduciary responsibilities. Since 2010, Kelley has been instrumental in developing and expanding the firm's Women's Network, where she works with Invesco senior leaders to identify opportunities to help advance women in their careers." In other news, Baird Advisors hired the muni bond team from BMO Asset Management. The press release says, "Baird Advisors, the institutional fixed income investment management division of Baird, announced that it has hired a nationally-recognized municipal investment team from BMO Global Asset Management. Municipal bond portfolio managers Duane McAllister, CFA, and Erik Schleicher and analyst Joseph Czechowicz will join Baird. The team has more than 25 years of experience managing municipal portfolios across the yield curve.... Baird expects to expand its municipal product offerings with additional municipal strategies.... McAllister has been the Co-Manager of the BMO Intermediate Tax-Free Mutual Fund, the BMO Ultra Short Tax-Free Mutual Fund and the BMO Short Tax-Free Mutual Fund. In addition to the mutual funds, Duane also manages separate accounts across all three of the tax-free strategies: Ultra Short, Short, and Intermediate Tax-Free.... Schleicher has been the co-manager of the BMO Short Tax-Free Fund and BMO Ultra-Short Tax-Free Fund and has managed separate accounts with a short-term objective. Previously, he served as a Fixed Income Analyst for the BMO Tax-Free Money Market Fund and the BMO Ultra Short Tax-Free Fund."
