Waddell & Reed Financial Furthers Transformation with Appointment of Industry Veteran Dan Hanson as Chief Investment Officer
June 11 2019 - 9:00AM
Business Wire
Waddell & Reed Financial, Inc. (NYSE: WDR), parent company
of Ivy Investment Management Company, has named Daniel P. Hanson,
CFA®, as Chief Investment Officer (CIO), filling a key role with a
versatile industry veteran and prominent environmental, social and
governance (ESG) investor as the firm continues to position itself
for future organic and inorganic growth.
“First and foremost, Dan is a firm believer in fundamental
active management and has a long track record of strong investment
performance,” said CEO Philip J. Sanders. Sanders further noted
that, “Dan’s approach to ESG integration is a natural complement to
our culture and heritage of identifying strong, sustainable
business models. Dan’s extensive experience in product development,
and commitment to proprietary research and sustainable investing,
align with our strategic plans and our values-based culture,” said
Sanders.
Hanson, who has more than 25 years of investment and leadership
experience, is leading the firm’s investment management division.
He is also a member of the Company’s executive leadership team,
reporting to Sanders, who had served as CIO since 2011.
Hanson has served as an investment executive at BlackRock,
Jarislowsky Fraser and JANA Partners. He also was an investment
banker at Bear Stearns earlier in his career. Hanson brings
significant experience in global and ESG investing through his work
at BlackRock, where he spent 10 years as a portfolio manager and as
Managing Director, Office of the CIO. Hanson managed the BlackRock
Socially Responsible Equity strategy, as well as co-led the Large
Cap Series funds with $23 billion in assets under management and
maintained a leadership role in establishing the firm’s ESG
initiatives. Subsequently, he was Partner and Head of U.S.
Equities, and Co-Chair of the Investment Strategy Committee
overseeing $30 billion in assets under management with Jarislowsky
Fraser Global Investment Management, where he established the New
York office for the Montreal-headquartered firm. Most recently,
Hanson served as Head of Impact Investing for JANA Partners.
“Waddell & Reed and Ivy Investments® have a deep commitment
to investment excellence and client stewardship, and I am looking
forward to working with the team,” said Hanson.
Hanson has also been on the professional faculty at the
University of California-Berkeley Haas School of Business since
2016. In that role, he has been a judge for the Moskowitz Research
Prize, the only global award recognizing outstanding quantitative
research in sustainable and responsible investing. He is involved
in a number of initiatives in the areas of governance, corporate
reporting and sustainable investing, and has received The Investor
Responsibility Research Center Institute (IRRCi) research award. He
helped establish the Sustainable Accounting Standards Board (SASB),
where he served as a founding member of the board of directors from
2011 to 2016.
“Dan brings diverse and direct experience that will both
complement and elevate the work of our broad investment team,” said
Sanders. “His dynamic insight and leadership will be instrumental
as we execute on strategies to build, integrate and ensure the
long-term success of our business.”
About the Company
Through its subsidiaries, Waddell & Reed Financial, Inc. has
provided investment management and wealth management services to
clients throughout the United States since 1937. Today, we
distribute our investment products through the unaffiliated channel
under the IVY INVESTMENTS® brand (encompassing broker/dealer,
retirement, and registered investment advisors), our wealth
management channel (through independent financial advisors
associated with WADDELL & REED, INC.), and our institutional
channel (including defined benefit plans, pension plans, endowments
and subadvisory relationships). For more information, visit
ir.waddell.com.
IVY INVESTMENTS® refers to the investment management and
investment advisory services offered by Ivy Investment Management
Company, the financial services offered by Ivy Distributors, Inc.,
a FINRA member broker dealer and the distributor of the IVY FUNDS®
mutual funds and IVY VARIABLE INSURANCE PORTFOLIOS®, and the
financial services offered by their affiliates.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, which reflect the current views and assumptions
of management with respect to future events regarding our business
and industry in general. These forward-looking statements include
all statements, other than statements of historical fact, regarding
our business strategy and other plans and objectives for future
operations, including statements with respect to organic and
inorganic growth and the transformation of our business. These
statements are generally identified by the use of such words as
“continue,” “look forward,” “ensure” and similar statements of a
future or forward-looking nature. Readers are cautioned that any
forward-looking information provided by us or on our behalf is not
a guarantee of future performance. Actual results may differ
materially from those contained in these forward-looking statements
as a result of various factors, including but not limited to those
disclosed in the “Risk Factors” section of our Annual Report on
Form 10-K for the year ended December 31, 2018.
The foregoing factors should not be construed as exhaustive and
should be read together with other cautionary statements included
in this and other reports and filings we make with the Securities
and Exchange Commission, including the information in Item 1
“Business” of Part I and Item 7 “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” of
Part II to our Annual Report on Form 10- K for
the year ended December 31, 2018 and as updated in our
quarterly reports on Form 10-Q for the year ending
December 31, 2019. All forward-looking statements speak only
as of the date on which they are made and we undertake no duty to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except to
the extent required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190611005311/en/
Media Contact:Roger HoadleyVP,
Communicationsrhoadley@waddell.com
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