Scupham Named President of Ivy Distributors, Inc.
April 18 2018 - 4:46PM
Business Wire
Appointment leads management restructuring of
distribution entity
Waddell & Reed Financial, Inc. (NYSE: WDR) has appointed
firm veteran Amy Scupham, CFA, as president of Ivy Distributors,
Inc. (IDI), the distributor of Ivy Funds® mutual funds and the
financial products and services offered by its affiliates,
including Ivy Investment Management Company, an SEC registered
investment advisor.
Scupham takes over for Nikki Newton, who is stepping down from
his role at the company, but who will be available through May 15,
2018, to assist Scupham with the transition of his
responsibilities.
“Amy is a talented distribution professional with the focus and
expertise to continue raising the bar for the level of service and
breadth of distribution Ivy Distributors provides,” said Philip J.
Sanders, Chief Executive Officer and Chief Investment Officer of
Waddell & Reed Financial, Inc. “She has been instrumental in
the development of the company’s distribution strategy and is
well-positioned to lead us in continuing to execute on that
strategy.”
Scupham, a 20-year industry veteran, will lead wholesale and
institutional distribution, sales and product development, as well
as manage strategic relationships. She joined the Waddell &
Reed organization in 2008 and has held roles in institutional sales
and consultant relations, most recently serving as chief operating
officer of Ivy Distributors, Inc. She had a key role in building
alignment with the firm’s investment management division, while
creating a centralized sales operations function focused on
prescribed sales processes, training, reporting, and systems.
Scupham’s appointment completes a management restructuring at
IDI, which also includes the appointment of a national sales
manager, a new chief operating officer to fill Scupham’s previous
role, and a recently appointed head of the Professional Buyers
Group. Each of them join the head of Product Management in
reporting to Scupham, as follows:
- Marlene Alexander, a firm veteran who
joined IDI in 2003, has been named National Sales Manager. A
26-year industry veteran, Alexander will head the national sales
channel, including directing the firm’s National Accounts group,
external wholesaling efforts and overseeing the internal sales
desk. Alexander joined IDI as an external wholesaler and most
recently was Eastern Divisional Sales Manager.
- David Borberg, head of Product
Management and Development. Borberg has been with Ivy since 2003
and is a 22-year industry veteran. He oversees product management,
product research and product development.
- Grant Cleghorn in February was named
head of the Professional Buyers Group, a new role at the firm. A
19-year industry veteran, Cleghorn brings experience from several
major asset managers. With IDI, he oversees institutional sales and
consultant relations, RIA (registered investment advisors), DCIO
(defined contribution investment only) sales, and insurance
sales
- Kirby DeMoss is appointed Chief
Operating Officer. A 17-year industry veteran, DeMoss will oversee
Sales Operations and Business Development and Analytics. He joined
IDI in 2006 as an internal wholesaler and most recently was senior
vice president, head of Sales Operations and Business
Development.
About the Company
Through its subsidiaries, Waddell & Reed
Financial, Inc. has provided investment management and
financial planning services to clients throughout the United States
since 1937. Today, we distribute our investment products
through the unaffiliated distribution channel (encompassing
broker/dealer, retirement, and registered investment advisors), our
broker-dealer channel (through independent financial advisors), and
our Institutional channel (including defined benefit plans, pension
plans, endowments and subadvisory relationships). For more
information, visit ir.waddell.com.
Investors should consider the investment objectives, risks,
charges and expenses of a fund carefully before investing. For a
prospectus, or if available, a summary prospectus, containing this
and other information for any of the mutual funds managed by Ivy
Investment Management Company, call your financial advisor or visit
www.waddell.com or www.ivyinvestments.com. Please read the
prospectus or summary prospectus carefully before investing.
Investment return and principal value will fluctuate, and it is
possible to lose money by investing. Past performance is not a
guarantee of future results.
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Waddell & Reed Financial, Inc.Investor Relations
Contact:Nicole Russell, 913-236-1880VP, Investor RelationsorMedia
Contact:Roger Hoadley, 913-236-1993VP, Communications
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