PETER MARSHALL NAMED VICE PRESIDENT, OFFSHORE FUNDS, FOR CONCORD FINANCIAL GROUP, INC.
NEW YORK, April 20 /PRNewswire/ -- Peter Marshall has been named vice president, Offshore Funds, for the Concord Financial Group, Inc., it was announced by Richard E. Stierwalt, chief executive officer of Concord. Marshall will be responsible for developing offshore mutual fund products for Concord clients and for identifying other new business opportunities. "We are fortunate to have someone with Peter's experience in offshore financial products joining us," said Stierwalt. "We believe offshore funds provide many advantages for foreign investors and Peter's background will be valuable in helping our clients launch these funds. In addition, his work in business development will be an asset as Concord expands into new areas both in the United States and overseas." Concord, one of the largest administrators and distributors of proprietary mutual funds, established an international office in Dublin, Ireland, last year and introduced its first offshore funds in December 1992. Marshall comes to Concord from Chase Manhattan Bank, where he was product manager for offshore funds in the Global Securities Services division. He joined Chase in 1984 and served as vice president, corporate planning and development, and as director of planning for Chase Infoserv International, the bank's global securities processing business, before moving to Global Securities Services in 1990. Marshal began his business career with Vanderwicken & Company Management Consultants and was vice president, Prudential Bank and Trust Company, a subsidiary of the Prudential Insurance Company of America, before joining Chase. He is a frequent speaker at industry conferences on offshore funds. Marshall received his B.A. from Stanford University and an M.A. from Cornell University. He lives in Madison, N.J. -0- 4/20/93 /CONTACT: Laura Berger or Stan Appenzeller of Arlen Financial Communications, 212-966-5100, for Concord Financial Group, Inc./
CO: Concord Financial Group, Inc. ST: New York IN: FIN SU: PER
SM-OS -- NY033 -- 7884 04/20/93 09:53 EDT
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|Date:||Apr 20, 1993|
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