Family Office
SunGard names CIO to managed account subsidiary
Ex-Lincoln director joins Advisor Technologies as chief
investment officer. Ronald Madey, formerly Lincoln Financial's
director of investments, has become chief investment officer of
Advisor Technologies, a SunGard-owned third-party separately
managed account platform provider.
Split infinitive
Advisor Technologies hasn't had a CIO up until now.
Madey "will leverage his knowledge and experience in
investment-program management, asset allocation, multi-manager
investment structures and wealth management to expand SunGard's
expertise in helping financial institutions to better manage
client portfolios and more effectively serve private clients,"
according to a SunGard press release.
SunGard bought Sacramento, Calif.-based Advisor Technologies,
formerly London Pacific Advisors, in 2003.
Wayne, Pa.-based SunGard provides software and
investment-processing services to financial-service companies.
-FWR
.
