By James Langton
(August 4 – 15:00 ET) – A new management team at AIM Fund Management Inc. will be unveiled Tuesday, Investment Executive has learned. Most of the names will be familiar to people at AIM but much of Trimark Financial Corp.’s senior executives will not be present.
The executive shakeup follows conclusion of the takeover of Trimark by Amvescap PLC.
AIM chief executive Rob Hain declined to comment on the changes, but sources tell IE he will remain on as president, with Trimark’s Bob Krembil as chair and chief investment officer.
From AIM, Phil Taylor will take the reins as executive vice president and chief operating officer. Dave Warren will be executive vice president and chief financial officer, while David White will be EVP and head of sales. Susan Han will be senior vice president, corporate counsel and secretary while Peter Intraligi will be SVP and head of marketing. Ken McCord will be VP of broker sales and Pret Dinsa stays on as head of human resources.
From the Trimark side, Mary Taylor becomes EVP of key accounts and CEO of Invesco Canada, AIM’s institutional division. Brian Deegan becomes SVP and head of information technology. Carol Lynde will be VP of operations, Rob Burdeen becomes SVP in charge of retail sales and Leah Humphrey will be VP of marketing. John Cook, formerly of BPI Financial Corp., comes in as EVP of sales and advisor services.
The board of directors will consist of Krembil, Hain, White, Warren, Cook and both Phil and Mary Taylor.
The publicly traded holding company is now known as Amvescap Inc., while the operating company will be AIM Fund Management, which will offer three fund families, both a trusteed and corporate version of the AIM funds and the Trimark funds. Both brand names survive. The board for all three families will be chaired by industry veteran Bob Luba, with Arthur Labatt as vice chair.
While the new firm looks like a house cleaning of Trimark executives, such as chief executive Brad Badeau and CFO Kevin Feeney, a source says many from the company were offered positions but chose to take buyout packages offered prior to the takeover. The sources say Feeney and Oliver Murray, Trimark’s EVP of operations, were particularly courted.