– USA, NY – Manning & Napier, Inc. (NYSE:MN), today announced the appointment of Kenneth Marvald to the Company’s Board of Directors. Mr. Marvald will serve as an independent director on the Audit, Nominating and Corporate Governance, and Compensation committees.
Mr. Marvald, 54, has spent over 30 years in financial services law across the corporate finance, real estate, M&A, and tax sectors, with additional responsibilities in human resources. For the past 22 years, he has worked at Graywood Companies Inc., a global equity firm consisting of over 50 domestic and international operating companies across various sectors, where he oversees all legal affairs as Vice President & General Counsel. Mr. Marvald also serves on several boards, including The Summers Foundation, Education Success Network, and the Excellus Rochester Regional Board.
Commenting on the appointment of Mr. Marvald, Bill Manning, Chairman and Chief Executive Officer of Manning & Napier, stated, “Ken’s background in financial services is a welcome addition to our Board. He also possesses a strong track record forming and working with senior management teams, which will serve us well. We look forward to Ken’s future contributions. I would also like to thank Richard Barrington for his commitment and dedication to the firm over the past 20 years. During his tenure, Richard served in a variety of roles with increasing levels of responsibility, helping to guide the Company to where we stand today. We wish him well in his future endeavors.”
Mr. Marvald replaces Richard Barrington, who resigned from the board on March 28, 2017 effective upon the appointment of his replacement.
About Manning & Napier, Inc.
Manning & Napier provides a broad range of investment solutions as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY.
For more information : http://www.manning-napier.com
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