Deals & People June 16, 2010

Coyle Named to SSgA Sub-Advisory Post

State Street Global Advisors (SSgA) has appointed Steve Coyle as head of the U.S. Sub-Advisory business within its Intermediary Business Group.
Reported by

Coyle will report to Anthony Rochte, senior managing director at State Street Global Advisors, State Street said, in a news release.

Coyle, who is responsible for client service, sales, and relationship management, will work with SSgA Funds Management, Inc., to help manage a client base and their use of exchange-traded and other investment products.

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Coyle joined SSgA in 2007. Prior to joining SSgA, he was senior vice president and director of Sales for MFS, where he spent 14 years.

Deals & People June 16, 2010

Manning & Napier Advisors Names Two Top Execs

Manning & Napier Advisors has tapped Patrick Cunningham as chief executive officer and Jeff Coons as president, the Fairport, New York firm announced.
Reported by

Cunningham, who was previously co-director of the firm’s Executive Group and managing director, Client Relations, has been with the firm since 1992.  Coons, the current co-director of Research, will retain that position and will continue to serve on the Senior Research Group, a team of nine responsible for overseeing the investment process. He has been with the firm for 25 years.

The appointments mark a shift in the firm’s operating structure, which has been managed by a five-person Executive Group since 2003, according to the announcement.

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Manning & Napier will remain an employee-owned firm, with 45 current shareholders, including co-founder Bill Manning. The Executive Group will also remain intact and serve as an advisory board to the CEO.

Assets under management are approximately $30 billion, while proprietary mutual fund and collective investment trust assets are currently more than $13 billion, up from less than $2 billion in 2004, the company said.

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