MFS Investment Management hired Amrit Kanwal as executive vice president and chief financial officer. He will start at the Boston asset manager on April 20 and report to
MFS president and CEO Robert Manning. Kanwal takes on the duties formerly held by
Paul Kirwan, who passed away last December.
Kanwal was most recently senior managing director and chief financial officer at Putnam Investments,
where he spent nine years. He left Putnam in March of last year.
Company Press Release
BOSTON (March 26, 2009) – MFS Investment Management® (MFS®), the U.S.-
based asset management firm that traces its origins to the creation of America’s first
mutual fund, has named Amrit Kanwal as executive vice president and chief financial
officer and appointed him to the firm’s management committee. He reports to Robert
Manning, MFS president and chief executive officer, and his duties include overseeing all
aspects of corporate finance as well as acting as a key liaison with MFS parent company,
Sun Life Financial of Canada.
"Amrit brings a wealth of experience as both a financial officer and as a strategic
business development manager to MFS," said Manning. "MFS is uniquely positioned to
grow as a global asset management firm and looks forward to the finance and business
development leadership Amrit brings to MFS. He possesses the exact skills and
experience necessary to support our business strategies as a premier global money
manager."
Previously, Kanwal was a senior managing director and chief financial officer of
Putnam Investments. Prior to his role as CFO, he held several senior finance roles during
his nine year tenure at Putnam. Kanwal also previously served as vice president of
corporate development and strategy for Sequa Corporation of New York for two years,
managing all merger and acquisition activity as well as overseeing finance, human
resources and investor relations. Prior experience includes senior strategy and corporate
development roles at Pepsi-Cola Company and Miller Brewing Company.
"I’m excited to join MFS, a company I have always viewed as an excellent
competitor and one that upholds high standards in everything that it does," Kanwal said.
"I hope to make a lasting impact joining the firm as it celebrates its 85th anniversary
which helps solidify its long term growth and success for the next 85 years and beyond."
Kanwal holds a bachelor of business administration from the University of Texas
at Austin and a MBA from the University of Southern California.
About MFS Investment Management
MFS is a premier global money management firm with investment offices in Boston,
London, Mexico City, Tokyo, Singapore and Sydney. The firm’s history dates back to
March 21, 1924, and the establishment of the first U.S. “open-end” mutual fund. Today,
MFS manages $134 billion in assets on behalf of five million investors worldwide, as of
December 31, 2008.
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