BOSTON, Sept. 10 /PRNewswire/ -- Evergreen Investments today announced key leadership appointments within its Institutional division. Joyce Schaer has joined Evergreen as an institutional senior consultant director reporting to Joe Karpinski, managing director of Evergreen's Consultant Relations group. Brian O'Connell has joined Evergreen as Institutional sales director for the Northeast region, reporting to Lisa Wesolek, managing director of asset management sales and consultant relations.
"Over the last several years, Evergreen Investments has demonstrated its commitment to the institutional marketplace by hiring seasoned industry professionals to expand and strengthen institutional sales, consultant relations and client management efforts," said Patrick O'Brien, president, Evergreen Institutional. "Joyce and Brian bring a wealth of experience and proven leadership to two critically important positions. I am confident their experience, insight and strong institutional community relationships will further Evergreen's efforts to both expand the number of client relationships we have and deepen existing relationships."
Based in Dallas, Schaer will have responsibility for developing and implementing a targeted communication initiative that focuses on building relationships with and maintaining the flow of information to institutional research and field consultants. Schaer joins the firm after 18 years with Westwood Management Corporation, where she most recently served as director of marketing with responsibility for marketing investment strategies to consultants on a national basis. Schaer also served as a senior institutional client relationship manager, an assistant fixed income portfolio manager and equity trading assistant during her tenure at Westwood.
Based in Boston, O'Connell will have responsibility for new business development opportunities with a focus on the northeastern region of the United States. O'Connell joins the firm from Trusco Capital Management where he was a managing director calling on corporations, public and nonprofit organizations, Taft Hartley, and consultants. Previously, he was a senior consultant in the Business Strategies Group at CRA Rogers Casey. Prior to that, he worked for SEI's Capital Resource Advisors' IMC group as a senior consultant.
Evergreen Institutional is a division of Evergreen Investments, providing institutional account management and services to pensions, foundations, endowments and other institutional clients. As of June 30, 2007, Evergreen Institutional had $185.9 billion in assets under management, an increase of over $65 billion in the past five years.
About Evergreen Investments
Evergreen Investments is the brand name under which Wachovia Corporation conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. Combined, the groups serve more than four million individual and institutional investors through a broad range of investment products. Led by 300 investment professionals, Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management. Evergreen Investments manages more than $281.5 billion in assets (as of June 30, 2007). Please visit EvergreenInvestments.com for more information about Evergreen Investments.
