UMB announces the addition of former State Street executive to Investment Managers Series Trust board

Rhea-AI Summary

UMB Fund Services adds Jim Ross to Investment Managers Series Trust Board of Trustees

Positive

• Jim Ross brings over 30 years of experience managing and marketing ETFs, mutual funds, and managed accounts
• Ross currently serves as president and CEO of Winnisquam Capital LLC
• Ross joins UMB's IMST board to assist clients and inform the board's strategy

Negative

• None.

James “Jim” Ross brings over three decades of fund industry experience to trustee board

MILWAUKEE, Wis.--(BUSINESS WIRE)-- UMB Fund Services announced today the addition of Jim Ross to the Investment Managers Series Trust (IMST) Board of Trustees.

Ross joins the board with more than 30 years of experience managing and marketing ETFs, mutual funds, and managed accounts. He spent two decades at State Street Global Advisors (SSGA) in various leadership roles, most recently as chairman of the Global SPDR Business where he led SSGA's positioning on important issues related to ETFs and was responsible for advancing SSGA's long-term ETF strategy and innovation.

“Jim’s extensive background in the asset management industry makes him a natural fit to join UMB’s IMST board,” said Maureen Quill, UMB executive director, registered funds. “The trust has grown tremendously since its inception in 2007, and we’re excited to welcome him to the team.”

Ross currently serves as president and CEO of Winnisquam Capital LLC. In addition, he serves as non-executive chairman and audit committee chair for Fusion Acquisition Corp II. He previously held the same roles for Fusion Acquisition Corp I. He holds numerous other board positions including SPDR Series Trust 40 Act Board and Select Sector SPDR Trust 40 Act Board, which manage over 140 SPDR ETFs combined.

“Joining UMB’s board of experienced professionals was an easy decision,” said Ross. “I look forward to hitting the ground running and using my ETF experience to assist IMST’s clients and inform the board’s strategy.”

The IMST is offered by UMB Fund Services to support managers in launching a mutual fund or ETF. It is a turnkey, cost-effective program that enables managers to launch and operate a fund quickly, while benefiting from the expertise of the trust’s board and service providers.

Ashley Rabun, chairwoman of the board, added, “Jim is an outstanding addition to our board and we are excited to work with him going forward.”

To learn more about why fund managers are leveraging the multiple series trust structure visit the UMB blog.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB Bank, N.A. offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes wealth management and financial planning services, and institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services. UMB operates branches throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, and serves business and institutional clients nationwide. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230622932671/en/

For more information please contact:

Kaele Palmer, 202.276.2471

Kaele.palmer@umb.com

Source: UMB Financial Corporation

FAQ

Who is Jim Ross?

Jim Ross is a seasoned professional with over 30 years of experience managing and marketing ETFs, mutual funds, and managed accounts.

What is UMB Fund Services?

UMB Fund Services is a company that offers the Investment Managers Series Trust (IMST) to support managers in launching a mutual fund or ETF.

What is the role of the IMST board of trustees?

The IMST board of trustees provides expertise and support to managers launching and operating a fund through the IMST program.

What is the significance of Jim Ross joining UMB's IMST board?

Jim Ross's extensive experience and expertise in the asset management industry make him a valuable addition to the board, bringing valuable insights and strategy to assist clients.

What is the purpose of the multiple series trust structure?

The multiple series trust structure allows fund managers to launch and operate funds quickly and cost-effectively, while benefiting from the expertise of the trust's board and service providers.