NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Royce &
Associates, LP, the small-cap equity specialist, is pleased to
announce that effective December
15th, 2017, Gunjan
Banati will join the firm's Management Committee and will
become the firm's Chief Risk Officer.
Since joining Royce in January
2013, Ms. Banati has been integral in leading the firm's
efforts in investment and enterprise risk management. She currently
serves as Chair of the Risk Management Committee where her
contributions have enhanced the investment risk program, and
impacted various other important areas such as vendor management,
data governance, cybersecurity, and business continuity
planning.
She joins the firm's founder and Chairman Charles Royce, CEO and Co-CIO Christopher
Clark, Co-CIO Francis Gannon,
General Counsel John Denneen, and
CFO/CAO Peter Hoglund, in serving on the Management Committee.
"Gunjan brings a wealth of experience and judgement to our
executive management team, especially in the crucial area of risk
management," Royce CEO Chris Clark
said. "She will provide valuable leadership and oversight on many
projects that are key to our continued success as an investment
management organization. Since joining Royce five years ago, she
has been an extraordinary asset to the firm and I look forward to
her future contributions as we seek to constantly improve in all of
our activities."
Ms. Banati said, "It's a privilege to work alongside such an
experienced and capable leadership team and to have the opportunity
to make a greater contribution to the management of a firm whose
culture and commitment to its constituents I deeply admire."
About Royce & Associates, LP: Royce & Associates, LP,
is a small-cap equity specialist offering distinct investment
strategies with unique risk/return profiles designed to meet a
variety of investors' needs. For more than 40 years, our strategies
have focused on active, risk-conscious investing driven by deep,
fundamental company research. Chuck
Royce, the firm's founder and a pioneer of small-cap
investing, enjoys one of the longest tenures in the industry. Royce
& Associates, LP is a subsidiary of Legg Mason Inc. (NYSE: LM).
Royce Fund Services, Inc., the Fund's distributor, is a member of
FINRA and the SIPC.
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SOURCE The Royce Funds