HARTFORD, Conn., Oct. 1, 2019 /PRNewswire/ -- Virtus
Investment Partners (NASDAQ: VRTS), which operates a
multi-boutique asset management business, today announced that
Paul G. Greig and Peter L. Bain have been appointed to the
company's Board of Directors.
Greig is chairman of the board and former interim chief
executive officer and president of Opus Bank, a commercial bank
with offices in California,
Arizona, Oregon and Washington. Bain is the former president,
chief executive officer and director of OM Asset Management, now
known as BrightSphere Investment Group.
"We are pleased to add two directors who are strategic business
leaders and accomplished board members. They will further
strengthen our board's breadth of talent and experience as the
company continues to evolve," said Mark
Treanor, chairman of the board. "Both Paul and Peter bring
extensive financial services and asset management industry
expertise to our board and have led successful companies through
significant organic growth and strategic acquisitions," said
George R. Aylward, president and
chief executive officer. "We are confident in the contributions and
value they bring to our board."
Greig has been chairman of Opus Bank since 2018. Previously he
served as chairman, president and CEO of FirstMerit Corp. from 2006
to 2016, president and chief executive officer of Charter One Bank,
Illinois, and earlier, president
and chief executive officer of Bank One Corp., Wisconsin. He was a director and member of the
Audit Committee of the Federal Reserve Bank of Cleveland from 2011 to 2013 and vice president
of the Fed's Federal Advisory Council.
Greig earned a Bachelor of Arts in economics from Wheaton College and an M.B.A. from DePaul University. In addition to serving on the
Opus Bank board, he is currently a director at Omni Senior Living,
a developer and operator of senior living communities in northeast
Ohio.
Bain served as president, CEO and director of OM Asset
Management from 2011 to 2017 and led the company's initial public
offering. He joined OM Asset Management from Legg Mason, where he was senior executive vice
president and head of affiliate management and corporate strategy,
and earlier, chief administrative officer. He also was a managing
director at Berkshire Capital Securities and worked at Merrill
Lynch & Co. and HSBC Holdings.
Bain received a Juris Doctor from Harvard Law School following a Bachelor of Arts
in American Studies from Trinity
College, where he was elected to Phi Beta Kappa. He
currently serves on the Board of ReBuild Metro, an affordable
housing initiative focused on reclaiming and rehabilitating
disadvantaged neighborhoods in Baltimore.
About Virtus Investment Partners, Inc.
Virtus
Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. Its affiliates include Ceredex Value
Advisors, Duff & Phelps Investment Management, Kayne Anderson
Rudnick Investment Management, Newfleet Asset Management,
Rampart Investment Management, Seix Investment Advisors, Silvant
Capital Management, Sustainable Growth Advisers, and Virtus ETF
Advisers. Additional information is available at virtus.com.
Forward-Looking Information
This press release
contains statements that are, or may be considered to be,
forward-looking statements. All statements that are not historical
facts, including statements about our beliefs or expectations, are
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995, as amended. These
statements may be identified by such forward-looking terminology as
"expect," "estimate," "intent," "plan," "intend," "believe,"
"anticipate," "may," "will," "should," "could," "continue,"
"project," "opportunity," "predict," "would," "potential,"
"future," "forecast," "guarantee," "assume," "likely," "target" or
similar statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about the company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty as
described in our most recent Annual Report on Form 10-K and our
filings with the Securities and Exchange Commission, which are
available in the Investor Relations section of our website,
www.virtus.com. All forward-looking statements are as of the date
of this release only. The company can give no assurance that such
expectations or forward-looking statements will prove to be
correct. Actual results may differ materially. You are urged to
carefully consider all such factors.
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SOURCE Virtus Investment Partners, Inc.