PHILADELPHIA--(BUSINESS WIRE)--Delaware Investments (Delaware) today announced that Aiden J. Redmond Jr. has joined the firm to lead its U.S. institutional business. He is overseeing Delaware’s more than $38 billion in institutional assets (as of 3/31/11). Redmond brings more than 20 years of institutional investment sales and client service experience to Delaware. Most recently, he spent 17 years at BlackRock Financial Management and Merrill Lynch Investment Management as a managing director for institutional sales and client service.
“Aiden has established a long track record of building successful client relationships in many institutional client segments,” said J. Scott Coleman, executive vice president and head of distribution. “His disciplined approach to the sales process coupled with his experience and understanding of the institutional marketplace makes him an excellent choice to take Delaware’s established institutional business to the next level.”
Previously Redmond worked at Kidder, Peabody Asset Management in San Francisco and New York, and started his career at Merrill Lynch Capital Markets.
In his new position, Redmond, as senior vice president, head of institutional, reports to Coleman. He will manage institutional sales, client service, and consultant relations groups at Delaware, and be part of the overall distribution management team at the firm.
About Delaware Investments
Delaware Investments, a member of Macquarie Group, is a U.S.-based diversified asset management firm with more than $150 billion in assets under management (as of March 31, 2011). Through a team of talented investment professionals, the firm manages assets across all major asset classes for a wide range of institutional and individual investors. Delaware Investments is supported by the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global provider of asset management, investment, banking, financial and advisory services with approximately US $307 billion in assets under management as of Sept. 30, 2010.
Delaware Investments refers to Delaware Management Holdings, Inc and its subsidiaries. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide.
Delaware Investments is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Delaware Investments.
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