UNICORN® CORPORATION, Boston
President, 2000 - Present
Investment Management industry consulting.
ASSET MANAGEMENT FINANCE LLC., New York City
Vice Chairman & Founder, 2009 - 2012
President & CEO, 2003 – 2009
A private investment firm focused exclusively on the asset management industry. Founded in 2003 to address the unique capital needs of investment management firms while preserving their independence, growth and long-term viability. Makes passive, minority investments in asset managers in which management retains majority economics and complete operational autonomy, AMF is not an operator of investment management firms. AMF utilizes flexible investment structures tailored to a company's specific needs and centered around substantial alignment of incentives with management. Investment firm (not a fund) backed by a strong institutional shareholder base: Credit Suisse, Tokio Marine & Nichido Fire and National Bank Financial. AMF has invested in 21 managers (totaling $80 billion in AUM), representing approximately $800 million of committed capital across a broad range of firms including alternative managers, traditional long-only, wealth management and private equity in the U.S., Europe and Australia. Majority interest was sold to Credit Suisse in August, 2008.
UNITED ASSET MANAGEMENT CORPORATION, Boston
Chairman, President & CEO, 1980 - 2000
I founded this investment management holding company in 1980 and continued as its CEO for almost twenty years. The total amount of equity capital raised was under $80 million (1981 – 1986). UAM grew, through over 50 acquisitions, to $200 billion in assets under management, $1 billion in annual revenues, over $200 million of cash earnings, a New York Stock Exchange listing and a stock market value (after regular dividends and $650 million of share buybacks) of more than $1.5 billion. UAM was sold in September, 2000 to Old Mutual, Plc.
PUTNAM INVESTMENTS, Boston
CEO & President, 1967 - 1980
I began as Manager of the George Putnam Fund (a balanced mutual fund), became Director of Research (1968), Chief Investment Officer (1970), President (1975), and CEO (1977). Putnam’s assets under management grew more than five-fold during the bear market decade of the 1970’s. I left in 1980 to found United Asset Management.
ANCHOR CORPORATION, Elizabeth, N. J.
Assistant Fund Manager & Analyst, 1964 - 1967
A mutual fund management company. I began as an Analyst following chemical and drug stocks but eventually became an Assistant Fund Manager of Diversified Investment Fund (a balanced fund), serving as Fund Manager during the extended illness of the regular manager.
MAY AND GANNON, INC., Boston
Analyst, 1961 - 1964
This firm was an Over-the-Counter (now NASDAQ) trading firm. I was an Analyst following New England based OTC companies. Primary emphasis was on technology and other growth industries.
OTHER BUSINESS ACTIVITIES:
EATON VANCE MUTUAL FUNDS, Boston
Independent Trustee/Director, 1986 - 2008
HELLMAN, JORDAN MGMT CO., INC., Boston
Chairman, 2000 - 2003
BERKSHIRE CAPITAL CORPORATION, NYC
Advisory Director, 2002 - 2003
CHARTERED FINANCIAL ANALYST (CFA)
1966 – Present
BOSTON SECURITY ANALYSTS SOCIETY
Member, Director (2005 - 2008), 1962 - Present
BOSTON ECONOMIC CLUB
Member, 1995 - Present
NEW YORK SOCIETY OF SECURITY ANALYSTS
Member, 1966 - 2000
ASSOCIATON FOR INVESTMENT MGMT & RESEARCH
Governor, 1991 - 1994
COLLEGE AND UNIVERSITY AFFILIATIONS:
UNION COLLEGE 1973 - 2007, 2012 -
Trustee; Chairman (1990 – 1994)
WELLESLEY COLLEGE 2003 – 2010
Trustee, Chairman of Finance Committee
BOSTON UNIVERSITY 2002 – 2006
Member, Investment Committee
HARVARD BUSINESS SCHOOL 1997 - 2002
Director, Alumni Association (Vice President 2000 - 2001)
RADCLIFFE COLLEGE 1994 - 1998
HARVARD BUSINESS SCHOOL, Boston 1958 -1960
MBA (with Distinction)
UNION COLLEGE, Schenectady, N.Y. 1953 -1958
BEE (Electrical Engineering)
AB (Economics), Phi Beta Kappa