FEATURE/Delaware Management Holdings Inc. names new president of Delaware Distributors, L.P.: Bruce D. Barton responsible for mutual fund sales, marketing and distribution.PHILADELPHIA--(BUSINESS WIRE)--Nov. 1, 1996--Delaware Management Holdings Inc. has named Bruce D. Barton president of its mutual fund arm, Delaware Distributors, L.P., it was announced here Friday by Wayne A. Stork stork, common name for members of a family of long-legged wading birds. The storks are related to the herons and ibises and are found in most of the warmer parts of the world. . Stork is chairman, president and chief executive officer of Delaware Management Holdings Inc. Delaware, which is a $30 billion asset investment and mutual fund company, has operated from Philadelphia since 1929 and has an international subsidiary based in London. Barton will be responsible for the sales, marketing and distribution of the company's 28 mutual funds. He will replace Keith E. Mitchell, who announced this week that he is leaving Delaware to pursue other interests. Barton had been senior vice president of operations for Lincoln National Investment Companies, of which Delaware is the largest company. Delaware is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Lincoln National Corp. (NYSE NYSE See: New York Stock Exchange :LNC LNC Legal Nurse Consultant LNC Libertarian National Committee LNC Low Noise Converter LNC Lloyd Noble Center (University of Oklahoma, Norman campus) LNC Local Node Clock LNC Chief Legalman (Naval Rating) ), which Barton joined in 1972. Prior to being named senior vice president, he was a vice president in corporate planning and development at LNC. A native of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Barton is a graduate of Kalamazoo College in Michigan. He and his family will be relocating to Philadelphia. The Delaware Group provides a wide range of mutual fund and other investment programs for half a million shareholder accounts. Its parent company, Lincoln National Corp., owns and operates financial services businesses that provide annuities, life insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , property-casualty insurance, mutual funds and investment management services. With headquarters in Fort Wayne, Ind., LNC has assets of nearly $67 billion and annual revenues of $6.8 billion. LNC acquired Delaware Management Holdings Inc. in 1995. CONTACT: Delaware Group, Philadelphia Joseph M. Barrett, VP, 215/255-1072 |
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