JERSEY CITY, NJ – October 1, 2020 – Lord, Abbett & Co. LLC (“Lord Abbett”), an independent, privately held investment management firm, announced the appointment of two new Partners and four new Managing Directors, effective October 1, 2020. As one of the oldest money management firms in the United States, Lord Abbett has been managing equity and fixed-income products for more than 90 years, and currently manages approximately $210.1 billion (as of September 30, 2020)* across a full range of U.S. mutual funds, UCITS Funds, institutional and separately managed accounts.
Today, Lord Abbett has a growing global presence and is united by its vision to be the most respected asset manager in the world, guided by its values of excellence, responsibility, transparency, and collaboration. Lord Abbett’s employees are empowered by the firm’s principles-led, performance-oriented, and purpose-driven environment. As a global corporate citizen, Lord Abbett is inspired by its mission: Securing a sustainable future for our clients, our people, and our world.
Douglas B. Sieg, Managing Partner, noted the significance of the appointment of the new Partners, stating, “Leadership is the lifeblood of Lord Abbett, and throughout our history the Partnership has been the very heart of the organization, playing a vital role in upholding our culture. Their vision, wisdom, and guidance over the decades have linked our timeless values with our continued success, enabling us to navigate countless challenges and face the future with confidence.”
In a firm-wide message announcing the new Managing Directors, Mr. Sieg said, “Each of these individuals has demonstrated their ability to live up to our expectations of Managing Directors as high performers who exemplify our values in their respective roles.”
2020 Lord Abbett Partner Appointments:
Matthew R. DeCicco—Partner, Head of Equities: Mr. DeCicco joined Lord Abbett in 1999 and is responsible for directing Lord Abbett’s equity investment activities, including portfolio management and equity research. In addition, Mr. DeCicco serves on the Investment Committee, which is responsible for leading Lord Abbett’s investment organization.
Angela Fannon—Partner, Chief Financial Officer: Ms. Fannon joined Lord Abbett in 2019 and is responsible for overseeing Lord Abbett’s Finance and Digital Services capabilities to ensure they are closely aligned and effectively utilized across the firm. In addition, she oversees the activities of the U.S. Fund Treasury & Global Taxation team. Ms. Fannon is a member of the Executive Committee, which is responsible for the firm’s leadership, strategic direction, and crisis management.
2020 Lord Abbett Managing Director Appointments:
Darnell Azeez—Managing Director, Portfolio Manager: Mr. Azeez worked at Lord Abbett for 10 years, then rejoined the firm in 2015. He serves as a Portfolio Manager, leading the Value Equity Team and contributing to the management of our dividend strategies.
Joseph M. Graham—Managing Director, Investment Strategist: Mr. Graham joined the firm in 2015 and leads the Investment Strategist team responsible for providing the portfolio management teams with investment insight and relevant market information for our fixed income strategies and platform equity strategies.
Rory Melick—Managing Director, Head of Employee Experience: Mr. Melick joined Lord Abbett in 2018 and serves as Head of Employee Experience responsible for enhancing life at the firm and evolving its principles-led, performance-oriented, and purpose-driven environment.
Greg Shuman—Managing Director, Portfolio Manager: Mr. Shuman joined the firm in 2010 and serves as Portfolio Manager on the tax-free fixed income team with a focus on the California Tax Free Fund, Short Duration High Yield Municipal Bond Fund, National Tax Free Fund, and High Yield Municipal Bond Fund, in addition to Long and Intermediate SMAs.
For more information about Lord Abbett, please visit lordabbett.com.
*Assets under management data is as of September 30, 2020 unless noted and includes approximately $1.2 billion for which Lord Abbett provides investment models to managed account sponsors.
About Lord Abbett
Lord, Abbett & Co. LLC is an independent, privately held firm with a singular focus on the management of money. Founded in 1929, Lord Abbett is one of the oldest money management firms in the United States, and has forged a culture that is built on people, performance, relationships, and organizational agility—and guided by the values of excellence, responsibility, transparency, and collaboration. As a committed global corporate citizen, the firm is inspired by its mission: Securing a sustainable future for our clients, our people, and our world. Lord Abbett manages approximately $210.1 billion in assets (as of September 30, 2020) across a full range of U.S. mutual funds, UCITS Funds, institutional and separately managed accounts, including $1.2 billion for which Lord Abbett provides investment models to managed account sponsors.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in a fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact your investment professional or Lord Abbett Distributor LLC at 888-522-2388, or visit us at lordabbett.com. Read the prospectus carefully before investing.
Lord Abbett mutual fund shares are distributed by Lord Abbett Distributor LLC.
Shares of Lord Abbett mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, and are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of principal amount invested.