UMB Fund Services Announces Business Development Team Changes

UMB Fund Services Announces Business Development Team Changes

MILWAUKEE--(BUSINESS WIRE)-- UMB Fund Services, Inc. (UMBFS) has announced leadership changes and a new representative for its business development team.

Lonnie Macdonald has transitioned out of his role as head of business development for UMBFS in order to focus on other responsibilities within the organization. He had led the business development team since September 2007. The last four years have been the most successful in UMBFS' history, as measured by both clients added and revenue generated.

Macdonald will continue to serve as head of marketing for UMBFS and as president of the company's alternative investment servicing division, JD Clark & Company. In addition, he will be focusing on developing and implementing a suite of middle-office services to be offered to clients.

Tony Fischer, senior vice president, has taken over as head of business development for UMBFS. Since joining the business development team in February 2008, he has been a top producer covering opportunities in the eastern U.S. He brings extensive experience in sales and other management positions with a number of companies, including SEI Investments and BISYS Fund Services.

Lastly, Richard Talley has joined UMBFS as vice president of business development, reporting to Fischer. Talley will focus on opportunities in the eastern U.S. He comes with 20 years of industry experience, including 13 years as vice president of business development with BNY Mellon Alternative Investment Servicing (formerly PNC Global Investment Servicing), where he covered the alternative investment market.

"Lonnie Macdonald has been a tremendous contributor to the success of UMBFS over the past five-plus years," said John Zader, CEO of UMBFS. "He has built a deep pool of talent in our business development team, enabling us to move forward with confidence in the sales area while he focuses on other efforts within the organization. We look forward to continued success for each of these individuals in their new roles, and for the company as a whole."

About UMB Fund Services

UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete line of products and services to the fund industry, including administration, fund accounting, distribution, investor services and transfer agency; custody services through UMB Bank, n.a.; and alternative investment services through JD Clark & Company. It currently serves more than 200 clients with combined assets of more than $160 billion as of February 28, 2013. For the past three years, the company has been named one of the top 10 midsize employers in southeastern Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation (NAS: UMBF) , the parent company of UMBFS, is a financial services holding company with more than $14.9 billion in banking assets, headquartered in Kansas City, Mo.

UMB Fund Services
Steve Wujek, 816-423-6214

KEYWORDS:   United States  North America  Wisconsin


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