| | ASSET MANAGEMENT FINANCE LLC., NYC & Boston
Vice Chairman & Founder, 2009 - Present
President & CEO, 2003 – 2009
A specialty finance company using quantitative techniques and deep industry experience to provide revenue-based financing to the investment management industry. AMF financings are neither debt nor equity and are structured as expiring interests. They can be used for liquidity needs of principals, generational transfers of ownership, management buyouts, or expansion capital. AMF has 20 employees. It has completed eighteen transactions valued at $500 million and has shareholders’ equity of over $350 million.
UNICORN® CORPORATION, Boston
President, 2000 - Present
Investment Management industry consulting.
UNITED ASSET MANAGEMENT CORPORATION, Boston
Chairman, President & CEO, 1980 - 2000
I founded this investment management holding company in 1980 and continued as its CEO for almost twenty years. The total amount of equity capital raised was under $80 million (1981 – 1986). UAM grew, through over 50 acquisitions, to $200 billion in assets under management, $1 billion in annual revenues, over $200 million of cash earnings, a New York Stock Exchange listing and a stock market value (after regular dividends and $650 million of share buybacks) of more than $1.5 billion. UAM was sold in September, 2000 to Old Mutual, Plc.
PUTNAM INVESTMENTS, Boston
CEO & President, 1967 - 1980
I began as Manager of the George Putnam Fund (a balanced mutual fund), became Director of Research (1968), Chief Investment Officer (1970), President (1975), and CEO (1977). Putnam’s assets under management grew more than five-fold during the bear market decade of the 1970’s. I left in 1980 to found United Asset Management.
ANCHOR CORPORATION, Elizabeth, N. J.
Assistant Fund Manager & Analyst, 1964 - 1967
A mutual fund management company. I began as an Analyst following chemical and drug stocks but eventually became an Assistant Fund Manager of Diversified Investment Fund (a balanced fund), serving as Fund Manager during the extended illness of the regular manager.
MAY AND GANNON, INC., Boston
Analyst, 1961 - 1964
This firm was an Over-the-Counter (now NASDAQ) trading firm. I was an Analyst following New England based OTC companies. Primary emphasis was on technology and other growth industries.
OTHER BUSINESS ACTIVITIES:
EATON VANCE MUTUAL FUNDS, Boston
Independent Trustee/Director, 1986 - 2008
HELLMAN, JORDAN MGMT CO., INC., Boston
Chairman, 2000 - 2003
BERKSHIRE CAPITAL CORPORATION, NYC
Advisory Director, 2002 - 2003
PROFESSIONAL AFFILIATIONS:
CHARTERED FINANCIAL ANALYST (CFA)
1966 – Present
BOSTON SECURITY ANALYSTS SOCIETY
Member and Former Director, 1962 - Present
NEW YORK SOCIETY OF SECURITY ANALYSTS
Member, 1966 - Present
BOSTON ECONOMIC CLUB
Member, 1995 - Present
ASSOCIATON FOR INVESTMENT MGMT & RESEARCH
Governor, 1991 - 1994
COLLEGE AND UNIVERSITY AFFILIATIONS:
WELLESLEY COLLEGE 2003 – Present
Trustee, Chairman of Finance Committee
UNION COLLEGE 1973 - 2007
Trustee; Chairman (1990 – 1994)
BOSTON UNIVERSITY 2002 – 2006
Member, Investment Committee
HARVARD BUSINESS SCHOOL 1997 - 2002
Director, Alumni Association (Vice President 2000 - 2001)
RADCLIFFE COLLEGE 1994 - 1998
Trustee
EDUCATION:
HARVARD BUSINESS SCHOOL, Boston 1958 -1960
MBA (with Distinction)
UNION COLLEGE, Schenectady, N.Y. 1953 -1958
BEE (Electrical Engineering)
AB (Economics), Phi Beta Kappa
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