Veteran Financial Manager Mace McCain Named Frost Investment Advisors President

Rhea-AI Summary

Frost Investment Advisors LLC (NYSE: CFR) has appointed Mace McCain as president and managing director, succeeding Tom Stringfellow, who retired after over 40 years. McCain, with 35 years in financial management, has been with Frost since 2000, previously managing significant relationships and leading portfolio management. Frost Investment Advisors manages over $4.1 billion in mutual fund assets and has $4.9 billion in assets under management as of December 31, 2020. The firm has provided institutional and retail shares since 2008.

Positive

• Mace McCain's appointment signals continuity and leadership experience, having been with Frost for over 20 years.
• McCain led the successful conversion of over 8,000 accounts to new performance technology in 2020, enhancing operational efficiency.
• Frost Investment Advisors manages over $4.1 billion in mutual fund assets, indicating strong market presence.

Negative

• None.

SAN ANTONIO, Feb. 1, 2021 /PRNewswire/ -- Frost Investment Advisors LLC (NYSE: CFR), a wholly owned subsidiary of Frost Bank, announced today that Mace McCain, a veteran financial advisor and manager who has been with the company more than 20 years, has been named president and managing director. McCain succeeds longtime President Tom Stringfellow, who retired after more than 40 years with Frost.

"I'm pleased to announce that Mace McCain, who has more than 35 years of experience in financial management, will head up Frost Investment Advisors," said Pat Frost, group executive vice president over Frost Investment Advisors and Frost Wealth Advisors. "Mace has served in several important positions at Frost, and managed some of our biggest relationships with endowments and funds. That included working with Tom Stringfellow for many years. All of us at Frost congratulate Mace, and we wish Tom all the best in his retirement."

McCain has been with Frost since 2000, starting as a relationship and investment manager with a focus on foundation and endowment accounts, as well as large family relationships. He later led the statewide portfolio management staff and helped develop Frost's alternative investments offerings. He led the successful conversion of over 8,000 accounts to new trading, performance and reporting technology systems in 2020. Prior to joining Frost, Mace held investment and management positions at the Ohio Teachers Retirement System and the Teachers Retirement System of Texas, and held positions at reinsurance brokerage E.W. Blanch, Inc., and private equity firm Bexar Capital.

About Frost Investment Advisors LLC
Frost Investment Advisors LLC, a wholly owned subsidiary of Frost Bank, one of the oldest and largest Texas-based banking organizations, offers a family of mutual funds to institutional and retail investors. The firm has offered institutional and retail shares since 2008.

Frost Investment Advisors' family of funds provides clients with diversification by offering separate funds for equity and fixed income strategies. Registered with the SEC in January 2008, FIA manages more than $4.1 billion in mutual fund assets and provides investment advisory services to institutional, high net-worth clients, Frost Bank and its affiliates. As of Dec. 31, 2020, the firm has $4.9 billion in assets under management, including the mutual fund assets referenced above.

For more information:
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210-288-5498 mobile

 

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SOURCE Frost Investment Advisors LLC

FAQ

Who is the new president of Frost Investment Advisors (CFR)?

Mace McCain has been appointed as the new president and managing director of Frost Investment Advisors.

What experience does Mace McCain have at Frost Investment Advisors (CFR)?

Mace McCain has over 20 years of experience at Frost, previously managing significant client relationships and leading portfolio management.

How much does Frost Investment Advisors (CFR) manage in assets?

Frost Investment Advisors manages over $4.1 billion in mutual fund assets and has total assets under management of $4.9 billion as of December 31, 2020.

Who did Mace McCain succeed at Frost Investment Advisors (CFR)?

Mace McCain succeeded Tom Stringfellow, who retired after more than 40 years with the company.