Virtus Investment Partners, Inc. Announces Resignation of James R. Baio as a Member of the Board, Effective February 21, 2020
February 13, 2020 at 04:25 pm EST
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On February 9, 2020, James R. Baio notified Virtus Investment Partners, Inc. and Mark C. Treanor, Chairman of the Company’s Board of Directors (the “Board”), of his decision to resign as a member of the Board effective February 21, 2020 in order to focus on personal affairs. Mr. Baio’s resignation is not the result of a disagreement with the Company. Mr. Baio has served as a member of the Board since 2009 and is a member of the Company’s Audit Committee and the Risk and Finance Committee.
Virtus Investment Partners, Inc. provides investment management and related services to individuals and institutions. The Company offers investments strategies for individual and institutional investors in different investment product structures and through multiple distribution channels. The Company provides various asset classes (equity, fixed income, multi-asset and alternative), geographies (domestic, global, international, and emerging), market capitalizations (large, mid, and small), styles (growth, core, and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds and exchange traded funds (ETFs), as well as closed-end funds and retail separate accounts. Its institutional products are offered through separate accounts and pooled to a variety of institutional clients. The Company also provides sub advisory services to other investment advisers and serve as the collateral manager for structured products.