Eagle Asset Management [see profile] is expanding its presence in the institutional marketplace. Today the St. Petersburg, Florida-based mutual fund arm of Raymond James unveiled the hiring of Don Pepin as director of institutional sales, a new position.

Pepin, who most recently served as director of marketing and investor relations at Millrace Asset Group, has also worked at DuPont Capital Management, Gartmore, Pilgrim Baxter and SEI.

"Eagle is excited to bring aboard a seasoned professional whose focus will be on strengthening relationships with consultants, prospective institutional clients and overseeing our International sales effort," Eagle president and co-chief operating officer Richard Rossi told MFWire.com in an e-mailed statement. "As a growing firm we continually assess our resource commitment in all areas of our business. Additional resources will be added in line with future demand; however there are no immediate plans to increase our institutional sales staff."

A spokeswoman for Eagle confirmed that Pepin joined on September 12, reporting to Rossi.

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Company Press Release

ST. PETERSBURG, Fla. – September 20, 2011 – Eagle Asset Management, Inc., provider of equity and fixed-income investment strategies to institutional and individual investors, has hired Donald J. Pepin as Director of Institutional Sales.  He will focus on strategic initiatives targeting domestic and international consultants as well as direct new business development.  

Pepin has nearly 30 years of industry experience in areas including institutional sales and consultant relations.  He previously held senior positions with DuPont Capital Management, Gartmore Global Partners and Pilgrim Baxter.  Pepin is based in the firm’s St. Petersburg, Fla. home office.  

  About Eagle Asset Management, Inc.  

Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term investing goals.  The firm’s clients currently entrust approximately $17.4 billion* in an investment philosophy designed to deliver above-average, risk-adjusted returns via both separately managed account and mutual fund platforms.  Founded in 1976, Eagle was built on the cornerstones of intelligence, experience and conviction that clients expect from their investment managers.  

*As of August 31, 2011.  Includes Eagle Boston Investment Management, Inc., a wholly owned subsidiary of Eagle Asset Management, Inc. 

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