Van Kampen Investments president and CEO Jerry Miller brought on board a former Legg Mason executive to head up product and marketing at the Chicago firm. Miller hired Elizabeth Hughes Eginton, who takes the title of managing director.
Eginton was most recently senior vice president and director of corporate strategy at Legg Mason Capital Management, where she oversaw the firm's launch into its first major non-proprietary distributor. Earlier, she was worked at consulting giant McKinsey's asset management practice.
Legg Mason spokeswoman Mary Athridge told The MFWire that Eginton's former duties have been assumed by other members of the team.
Company Press Release
CHICAGO--(BUSINESS WIRE)--Van Kampen Investments Inc. (Van Kampen), announced today the appointment of Elizabeth Hughes Eginton as Managing Director, Head of Product and Marketing. In this new role, reporting to Jerry Miller, President and CEO of Van Kampen, Ms. Eginton will be responsible for product management, product development and marketing.
Most recently, Ms. Eginton served as senior vice president and director of corporate strategy at Legg Mason Capital Management (LMCM). At LMCM, she assessed potential new products, led a major competitor review, managed the firm’s launch into its first major non-proprietary retail distributor and led initiatives to revamp the firm’s overall marketing activities and enhance LMCM's brand.
Prior to LMCM, Ms. Eginton was a Principal in the Asset Management practice at McKinsey & Company, where she focused on strategic initiatives for investment managers, private banks and retail brokerages.
"Elizabeth brings to Van Kampen 16 years of combined experience in financial services and consulting, including 12 years experience with asset management, and her extensive expertise will be invaluable as we further broaden Van Kampen’s set of investment solutions and look to execute a robust marketing and branding program," said Jerry Miller, President and CEO of Van Kampen. "We are delighted to have someone with Elizabeth’s depth of experience and accomplishment join our team."
Ms. Eginton will implement Van Kampen's integrated approach to product development and marketing as the firm continues to develop innovative investment solutions designed to meet the evolving needs of its distribution partners and individual investors. Last week, Van Kampen announced the launch of the Van Kampen Global Tactical Asset Allocation Fund, an actively-managed and opportunistic global portfolio. In January, Van Kampen announced an exclusive agreement with O’Shaughnessy Asset Management (“OSAM”) as well as the filing of a registration statement with the U.S. Securities and Exchange Commission for a new series of six open-end equity mutual funds that will be advised by Van Kampen and sub-advised by OSAM. In November of last year, Van Kampen launched the Retirement Strategy Funds, a new set of target-date funds with an innovative, next-generation design.
About Van Kampen
Van Kampen Asset Management is a wholly owned subsidiary of Van Kampen Investments Inc. Van Kampen Investments Inc. is one of the nation’s largest investment management companies, with approximately $84 billion in assets under management or supervision, as of November 30, 2008. With roots in money management dating back to 1927, Van Kampen Investments Inc. has helped nearly four generations of investors achieve their financial goals. For more information, visit Van Kampen Investment Inc.’s website at www.vankampen.com.
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