Bill Carey, who left the top distribution job at OppenheimerFunds [see profile] in January, has joined Financial Research Corporation's board of directors.

Bill Carey FRC Board Member

Carey is taking on a new board seat at the Boston-based asset management market research firm, FRC chairman Bob Hedges told The MFWire.com.

"Bill is going to become very active in working with our key clients in the DC I-O and retirement fields," said Hedges, who is also founder and managing partner of private equity investing and strategy consulting firm Mercatus LLC. Mercatus acquired FRC from Citi in 2008.

Carey's addition raises the total number of board members to four. The other directors are FRC CEO Bruce Fador and Mercatus partner Teresa Epperson.

Prior to his four-month stint at OppenheimerFunds, worked at Bank of America for two years. There, he served as managing director of distribution and relationship management in the institutional retirement, philanthropy and investments division.

Earlier, Carey spent 14 years with Fidelity [see profile], where his roles included running Fidelity Institutional Retirement Services Company (now known as Fidelity's workplace investing division) and Fidelity Registered Investment Advisor Group (now known as Fidelity Institutional Wealth Services).

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Company Press Release

Financial Research Corporation Announces William C. Carey Joins Board

Boston, MA — (August 24, 2010) —Financial Research Corporation (FRC), a leading asset management market research firm, announced that William C. Carey, former National Executive of the Institutional Retirement Group for Bank of America and prior to that President of Fidelity Investments Registered Advisor Group and Fidelity Institutional Retirement Services Company, has joined its Board of Directors. Mr. Carey will also be working with FRC to deliver strategic consulting services to key FRC clients.

In making this announcement, FRC Chairman, Bob Hedges, stated, "Bill Carey brings extraordinary expertise about retirement and the distribution of investment products through 401(K) plans, RIAs, and traditional brokerage financial advisors. His knowledge of the retirement industry will significantly enhance FRC's capabilities to serve our investment community clients."

Mr. Carey received his Bachelor of Arts degree in economics from Bates College. He has served on the Boards of Directors of Fidelity Charitable Services, and the National Defined Contribution Council/SPARK and the Board of the Employee Benefit Research Institute (EBRI).

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About Financial Research Corporation For more than 20 years, Financial Research Corporation (FRC) has assisted marketing, product development, and strategic planning professionals in the creation of innovative products and services. Based in Boston, FRC is at the forefront of assisting its clients to comprehend and respond to the rapid changes occurring in the development and distribution of investment products. FRC's more than 200 clients include the world's leading asset managers and distributors. For more information please visit www.frcnet.com or contact FRC at (866) 532-8009 or by email at frcinfo@frcnet.com.

 

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