PAYDEN & RYGEL HIRES FRED PETRINO FOR RIA BUSINESS DEVELOPMENT
IN THE MIDWEST
Los Angeles, February 14, 2007 – Payden &
Rygel today announced that it has hired Fred Petrino as vice
president in the business development group for its no-load
mutual fund family, the Paydenfunds.
Petrino’s hire marks the continued expansion of the
staff dedicated to developing relationships with the registered
investment advisor (RIA) community. Petrino, who reports to
senior vice president of business development Greg Brown,
has responsibility for RIA relationships in the Midwest. Petrino’s
hire follows the addition of Brenda O’Leary, manager
of advisor relations in the business development group, who
joined the firm last year to focus on working with RIA relationships
in the western portion of the US.
“We are very pleased to have Fred join our firm and
work with us as we continue to build and grow our RIA customer
base,” said Brown. “His extensive knowledge of
the RIA community and mutual funds make him an ideal person
to lead our Midwest efforts.”
Petrino has more than 20 years of experience in the financial
services industry. Prior to joining Payden & Rygel, he
spent 16 working at Charles Schwab & Co., where he oversaw
the firm’s institutional businesses in both the Chicago
metropolitan and Southern California regions. He also launched
and managed the Schwab Advisor Network referral program in
the greater Midwest region. Petrino holds the NASD series
7 and 63 licenses.
“It is an exciting time to join Payden & Rygel and
work with the Paydenfunds, which enjoy a strong reputation
for low expenses, competitive returns and strict adherence
to style,” said Petrino. “I look forward to working
with RIAs in the Midwest and the Payden & Rygel business
development team in moving our business forward.”
Paydenfunds feature a diverse array of equity and fixed income
funds. It currently has more than $3 billion in assets under
management.
About Payden & Rygel
Payden & Rygel, the investment adviser to the Paydenfunds
family of actively managed stock and bond mutual funds, is
one of the largest privately owned global investment managers,
with more than $50 billion in assets under management. Founded
in 1983, the firm is a leader in the management of equity
and fixed-income portfolio strategies for a variety of institutional
and individual clients worldwide. The firm provides its expertise
to retail and institutional clients through its family of
domestic and international mutual funds. These funds are no-load
and offer some of the lowest operating expense ratios in the
industry.
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