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Daria L. Foster
Managing Partner

Daria L. Foster is the Managing Partner of Lord Abbett & Co. LLC and President and Chief Executive Officer of the Lord Abbett Family of Funds. As Managing Partner, she is responsible for setting the firm's strategic direction and managing the day-to-day business activities of the firm, including investment management, institutional investment services, private wealth, marketing and relationship management, as well as operations, technology, human resources, finance, and legal services.

Ms. Foster has over 30 years of financial services industry experience, more than half of which has been with Lord Abbett. She joined the firm in 1990 as Director of Fixed-Income Marketing, and was responsible for establishing the firm's institutional investment business. Named a Partner in 1996, she was instrumental in developing numerous new investment products, and working closely with operations, technology, client services, legal, and trading to facilitate implementation of these capabilities. Ms. Foster's accomplishments include expanding the firm's institutional sales and marketing groups, which grew from $2 billion to nearly $35 billion in assets, establishing institutional investment processes, and having an influential role in attracting and hiring new portfolio managers and other investment personnel. In 2005, she was named the Director of Global Client Services, and led the effort to combine and integrate the retail and institutional investment services businesses. In 2006, she was elected Director and President of Lord Abbett Mutual Funds and she was named Managing Partner of Lord Abbett in 2007.

Prior to joining Lord Abbett, Ms. Foster served as Vice President of Marketing for the Chemical Investment Group. Earlier in her career, she served as Vice President and Manager for the Irving Trust Co., Assistant Vice President of Marine Midland Bank, N.A., and Assistant Treasurer for Chase Manhattan Bank.

Ms. Foster is a contributor to several leading institutional trade publications, including Barron's, Pensions & Investments, and Plan Sponsor. She serves on the board of the New York Philharmonic, is vice chairman of the board of trustees of the Alvin Ailey American Dance Theater, and is chairman of the  board of directors of ReadWorks, a nonprofit organization committed to creating a culture of academic excellence in urban elementary schools. Ms. Foster earned a BA from Gettysburg College and was awarded an honorary doctorate of humane letters by St. Bonaventure University.

About Us
    Overview
  • Founded in 1929.

    One of the oldest independent money management firms in the United States.
    History
  • As one of the oldest money management firms in the United States, Lord Abbett has provided generations of financial advisors and their clients with a quality investment experience since 1929. See how we have met the challenges of changing times while upholding our commitment to the stewardship of clients' assets.
    Philosophy
  • Lord Abbett is an independent, privately held money management firm with a singular focus on the management of money. We approach this task as the practice of a craft, which supports our unwavering commitment to the stewardship of our clients' assets. Ultimately, our philosophy guides the way we manage money and the firm itself.
    Leadership Team
  • In 80 years of operation, Lord Abbett has grown under the leadership of only nine managing partners. Our heritage of independence has allowed us to build a culture that fosters thoughtfulness, clear judgment, and objective insight—offering distinct advantages to the clients who work with us.

    Click here to view our leadership team.
 
Contact Information
Lord Abbett & Co. LLC
90 Hudson Street
Jersey City, NJ 07302

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Related Content
Video 12/01/2011
By: Daria L. Foster
Managing Partner, Daria Foster comments on the founding of the firm.
Video 12/01/2011
By: Daria L. Foster
Managing Partner, Daria Foster comments on the qualities that differentiate Lord Abbett from other money managers.
Video 12/01/2011
By: Daria L. Foster
Managing Partner, Daria Foster comments on Lord Abbett's philosophical approach to managing money.