Hartford Business Journal

www.HartfordBusiness.com • July 16, 2018 • Hartford Business Journal 23 Movers & Shakers Mark Commune, Elissa Eddie and Brandon Ojakian have been named retail leaders at KeyBank. Commune is vice president and area retail leader, leading the sales and service efforts of Key's branch offices in northern New Haven and Middlesex counties. Commune was most recently regional coach at Santander Bank developing branch teams and district management in Connecticut, Massachusetts and Rhode Island. Eddie recently transferred from Key's Washington state market to Hartford to lead the branch teams in Hartford, East Hartford, West Hartford, Avon, Glastonbury, Plainville, Manchester, Rocky Hill and Wethersfield. She has been with KeyBank for 11 years, most recently serving as area retail leader in Washington. Ojakian joins KeyBank from Santander Bank, where he served as a district executive, leading branch teams in Connecticut, Massachusetts and Rhode Island. Scott Glenney has joined William Pitt Sotheby's International Realty and will be based in the newly opened Hartford regional brokerage. Most recently, he was a full-time agent at Coldwell Banker for nearly four years, where he specialized in sales and rentals of residential properties throughout the Farmington Valley, West Hartford and Greater Hartford markets. Working alongside Glenney will be his wife, Kim Glenney, who joins the firm after a career with Cigna and The Hartford. Kate Boucher, Graham Coates and Alex Judd have joined the Connecticut Power and Energy Society board of directors. Boucher is an associate in the Hartford office of Locke Lord LLP, where she concentrates her practice on energy and telecommunications law. Previously with Connecticut's Department of Energy and Environmental Protection and the Public Utilities Regulatory Authority, she brings an energy and environmental policy background to her practice. Coates is an energy, public utility and environmental attorney at Holland & Knight LLP. Judd counsels energy clients on regulatory, compliance and transactional matters at Day Pitney LLP. Evan Matthews, executive director of the Connecticut Port Authority, has been named president of the North Atlantic Ports Association (NAPA). He will serve in the role for the next two years. NAPA coordinates on issues involving ports in the region and has about 100 members, all connected to seaports and ocean commerce in some way. Scott J. Smith was hired as vice president of retirement services at USI Consulting Group's Glastonbury office. Smith's responsibilities include sales and business development focusing on USI Consulting Group's multiple solutions for plan sponsors in the mid to large market. Anita A. Davis has been hired as vice president for diversity, equity and inclusion at Trinity College in Hartford, effective September. Davis currently works for the Associated Colleges of the South as director of diversity and inclusion for the ACS consortium of 16 colleges and universities. Cheryl Rice has been named manager of membership and public policy for the Connecticut Technology Council. Rice will be responsible for outreach to the state's tech sector to build membership, and enhance CTC member experience. Rice previously managed the Crossroad Venture Group initiative for CTC. Manual Almagro was promoted to the position of chief financial officer at IFG Companies. In his new position, Almagro will be responsible for advancing the IFG finance team and supporting the firm's long-term growth. Almagro served as IFG's chief actuary since 2000 and he previously held leadership positions at Travelers Insurance Cos. and Towers Watson. Alan R. Schumann Jr. has been promoted to senior vice president- operations at Hartford Federal Credit Union. He will be responsible for oversight of lending, regulatory compliance, branch operations and human resources. Colin Homer Gillespie was appointed senior vice president of brand marketing at Webster Bank in Waterbury. He previously worked at The LEGO Group as president of LEGO Education North America. Mark Commune Elissa Eddie Brandon Ojakian Scott Glenney Corporate Profile Virtus Investment Partners Inc. 100 Pearl St., 9th Floor, Hartford, CT 06103 www.virtus.com Virtus Investment is a publicly owned investment man- ager that primarily provides its services to individual and institutional clients. $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $381.9M $322.6M $425.6M 2015 2016 2017 In millions of dollars Profits Revenues $35.1M $48.5M $37.01M $381.9M $322.6M $425.6M $35.1M $48.5M $37.01M News Headlines ■ ■ In May, Virtus announced it was keeping its headquarters in downtown Hartford, but will relocate from its longtime Pearl Street home to the "Gold Building," one block away at 755 Main St. ■ ■ In April, Virtus almost doubled its first-quarter net income on greater sales of investment products and a slower outflow of investors' money. ■ ■ In July, Virtus acquired a majority interest in Stamford-based Sustainable Growth Advisers (SGA), an investment manager specializing in U.S. and global growth equity portfolios. Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive Total George R. Aylward President/CEO $550,000 $0 $3,250,000 $4,000,000 $7,810,800 Michael A. Angerthal EVP/CFO $370,833 $0 $1,000,000 $1,980,000 $3,361,633 Barry M. Mandinach EVP/Head of Distribution $412,500 $0 $800,000 $1,520,000 $2,743,300 Profits and Revenues Fact box Industry: Asset management 1Q 2018 Revenue: $129M 1Q 2018 Net Income: $23.3M 1Q 2017 Net Income: $13M Quarterly Profit Change: $10.3M Cash: $136.5M Employees: 543 Competitors: Affiliated Managers Group Fidelity Investments Stock watch Ticker Symbol VRTS Market Cap $940.4M 52 Week Range Price $103.81 – $138.03 Outstanding Shares 7.22M Top institutional investors Shares % Stake Blackrock Inc. 938,041 13.08 Vanguard Group Inc. 656,906 9.16 Dimensional Fund Advisors 519,193 7.24 George R. Aylward Jr.

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