NEW YORK, NY – May 1, 2024 – The Money Management Institute (MMI) has announced the election of its new Officers and appointment of its Executive Committee Members, as well as three additions to its Board of Governors.
The MMI Board has elected Jim Devaney, Head of U.S. Distribution at PGIM, as Treasurer and Jill Brown, President, Principal Funds Distributor of Principal Asset Management as Secretary. They join Anne Steer, Head of Distribution at Congress Asset Management as Chair, and Chair-Elect Brendan Clark, CEO at Clark Capital. Eric Koestner, General Partner at Edward Jones, completes his term as Chair and will now serve as Chair Emeritus. Additionally, Keith Glenfield, Northeast Division Executive at Merrill Lynch Wealth Management, completed his term serving as an officer.
“Assuming the role of Chair of the MMI Board of Governors is a privilege, offering me the chance to contribute meaningfully to our organization’s mission and goals,” Ms. Steer said. “I look forward to partnering with the MMI Board, Executive Committee, and our esteemed members to drive positive change within the communities we serve.”
There are four newly named members of the MMI Executive Committee:
- Maureen Bromwell, Chief Marketing Officer, Northern Trust Asset Management
- Brad Jung, Head of North America Advisor and Intermediary Solutions, Russell Investments
- John McDonough, Head of U.S. Wealth Management Intermediaries Distribution, Invesco
- Michael Serchen, Director of Managed Accounts, Anchor Capital Advisors
They join continuing Executive Committee members Kara Julian, Managing Director, of Morgan Stanley Wealth Management, and Scott Kilgallen, Managing Director, Head of NA Intermediary of Neuberger Berman; and MMI Officers Anne Steer, Brendan Clark, Eric Koestner, Jim Devaney, Jill Brown, and MMI President and CEO Craig Pfeiffer.
Three firms have been elected to the MMI Board as part of a Board rotation policy that allows more member firms to participate in MMI leadership. The new firms being added to the Board and their representatives are:
- Allspring Global Investments: John Moninger, Head of U.S. Distribution
- Envestnet: Jean Heath, Principal Director, Asset Management Relations
- Voya Investment Management: Kyle Thompson, Senior Vice President, Business Development Manager
"MMI is honored to bring together a distinguished cohort of seasoned industry leaders to steer our strategic course at a key moment in our organization’s history,” said Mr. Pfeiffer. “As we formally usher in our new officers, executive committee members, and governors, I extend heartfelt gratitude to their predecessors for their unwavering commitment to MMI’s mission. Their invaluable contributions have been instruments in our growth and success, and they remain cherished colleagues and friends of MMI. We will celebrate these appointments, welcome the new Governors, express profound appreciation to our current leaders, and bid farewell to departing board members at an upcoming annual Board retreat in June.”
About the Money Management Institute (MMI):
Established in 1997, the Money Management Institute (MMI) is the industry association representing financial services firms that provide financial advice and investment advisory solutions to investors. Driven by our promise of increasing connections, knowledge, and growth for our members, MMI is dedicated to fostering professional relationships, sharing experiences, and expanding the industry’s influence through advocacy and education.
MMI offers premier professional development programs and facilitates peer-to-peer connections through our communities and conferences. As part of MMI’s longstanding commitment to diversity and inclusion, the Gateway Foundation provides clear pathways to entry and career advancement in the financial services industry for historically excluded and underrepresented groups. MMI member firms include wealth managers, asset managers, and solutions provider firms of all sizes and professionals representing all functional areas. Follow MMI on LinkedIn.
Media Contact:
Kelly Caporale
Executive Vice President, Chief Marketing Officer
Money Management Institute
646.868.8514
kcaporale@mminst.org
