Hartford Mutual Funds Hires Gregory Frost As Chief Financial Officer
The business has also hired four new external sales consultants to expand coverage in NYC, Northern California, and Washington, D.C.
RADNOR, Pa.--(BUSINESS WIRE)-- Hartford Mutual Funds has hired Gregory Frost, 42, as chief financial officer. Frost was formerly CFO of Janus Capital Group Inc., a NYSE-listed global investment firm with $158 billion in assets under management.
Gregory Frost, chief financial officer of Hartford Mutual Funds. (Photo: Business Wire)
"Greg joins us at a very exciting time for our business and will play a significant role in our growth and development," said James Davey, executive vice president of Hartford Mutual Funds. "Greg is a great addition to the senior leadership team and will provide financial perspective and analysis for key initiatives aimed at improving our business performance."
As Janus' CFO, Frost was responsible for accounting, SEC reporting, finance, corporate tax, and treasury. He brings over 15 years of experience in the asset management industry to the business. He received a Bachelor of Science degree in accounting from the University of Colorado at Boulder.
The fund family also recently hired four new external advisor consultants: James Gilbarty, formerly with New York Life's Main Stay Investments, who will serve non-wirehouse firms in New York City; Joffrey Pearlman, formerly with PIMCO and Allianz, who will serve wirehouse firms in New York City; Chris Malkin, who will serve non-wirehouse firms in Washington, D.C.; and Peter Bentley, formerly with Janus Capital Group, who will serve wirehouse firms in northern California.
"These new external hires give us the presence and coverage we need in major metropolitan centers to help us increase sales of Hartford Mutual Funds," said Jeffrey Reiss, senior vice president of national sales.
The personnel additions come on the heels of the fund family's recently expanded relationship with Wellington Management, LLP, which now serves as the primary sub-adviser for more than 50 equity, fixed-income, mixed-asset, asset-allocation, and target-retirement funds.
The Hartford fund family's mission is to offer a broad range of actively managed strategies designed to provide solutions for a variety of investment needs. Established in 1996, Hartford Mutual Funds now has $87.3 billion in assets under management (as of September 30, 2012). For more information about the fund family, visit www.hartfordmutualfunds.com.
Wellington Management Company, LLP, is one of the world's largest independent investment management firms, overseeing US$748 billion as of September 30, 2012. As a private firm whose sole business is investment management, it seeks a long-term view and alignment of its interests with those of its clients. The firm's investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. Wellington Management serves clients in over 50 countries.
About The Hartford
With more than 200 years of expertise, The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com.
Hartford Mutual Funds are underwritten and distributed by Hartford Investment Financial Services, LLC.
Wellington Management Company, LLP is an independent and unaffiliated sub-adviser to The Hartford.
You should carefully consider investment objectives, risks, charges, and expenses of Hartford Mutual Funds before investing. This and other information can be found in the Fund's prospectus or summary prospectus, which can be obtained from your investment representative or by calling 888-843-7824. Please read them carefully before you invest or send money.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2011 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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