Virtus Investment Partners Names Andra Purkalitis Executive Vice President and Chief Legal Officer

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced Andra Purkalitis as the new executive vice president, chief legal officer, general counsel, and corporate secretary. With over 30 years of legal and regulatory experience in asset management, she will lead the legal, regulatory, and compliance functions, offering counsel to the company's Board of Directors. Purkalitis has a deep understanding of the complexities of the asset management industry, having held key roles at Affinius Capital, Russell Investments, Aviva Investors Americas, and Old Mutual Capital. She also has a background as an enforcement attorney for the U.S. Securities and Exchange Commission and as a prosecution expert witness in criminal securities fraud cases. Purkalitis holds a J.D. from the University of Denver College of Law and a B.A. in political science from the University of Nebraska.

Positive

• Andra Purkalitis brings a wealth of experience and expertise to Virtus Investment Partners, having held key roles in various prominent companies within the asset management industry. Her deep understanding of legal and regulatory matters, combined with her strategic leadership, is expected to guide Virtus towards the execution of its long-term growth strategy.

Negative

• None.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that Andra Purkalitis has joined the company as executive vice president, chief legal officer, general counsel, and corporate secretary.

Purkalitis has more than 30 years of broad legal and regulatory experience in the asset management industry. As Virtus’ chief legal officer, she will be responsible for developing and guiding the strategic direction of the legal, regulatory and compliance functions and also will provide counsel to the company’s Board of Directors on corporate governance matters.

“Andra brings a wealth of experience as a respected advisor and strategic partner to senior leaders and corporate directors, and we are pleased to have her join our management team,” said George R. Aylward, president and chief executive officer. “She has a deep understanding of the complexities of the domestic and global asset management industry and her decades of experience will be valuable to us as we leverage the capabilities of our affiliated managers and the strengths of our business model to execute on our long-term growth strategy.”

Prior to joining the Company, Purkalitis was most recently global chief compliance officer and regulatory counsel at Affinius Capital, a private equity real estate management company and prior to joining Affinius in 2021, was global chief compliance officer and regulatory counsel at Russell Investments. She previously was regional chief executive officer and chief legal officer at Aviva Investors Americas, and, earlier, chief administrative officer and general counsel at Old Mutual Capital, a division of Old Mutual Asset Management (now BrightSphere Investment Group). She also served as a branch chief and enforcement attorney for the U.S. Securities and Exchange Commission in Denver and as a prosecution expert witness in complex criminal securities fraud cases for the Criminal Division of the U.S. Attorney’s Office in Utah and Nevada.

Purkalitis holds a J.D. from the University of Denver College of Law, where she also served as an adjunct professor teaching courses in securities regulation and international business transactions. She earned a B.A. degree in political science from the University of Nebraska.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116790418/en/

Joe Fazzino, Media Relations

(860) 263-4725

joe.fazzino@virtus.com

Sean Rourke, Investor Relations

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners

FAQ

Who is the new executive vice president, chief legal officer, general counsel, and corporate secretary at Virtus Investment Partners?

Andra Purkalitis has been appointed to these key roles at Virtus Investment Partners.

What is Andra Purkalitis' background?

Andra Purkalitis has over 30 years of legal and regulatory experience in the asset management industry, having held significant positions in various companies such as Affinius Capital, Russell Investments, Aviva Investors Americas, and Old Mutual Capital. She also has a background as an enforcement attorney for the U.S. Securities and Exchange Commission and as a prosecution expert witness in criminal securities fraud cases.

What are Andra Purkalitis' qualifications?

Andra Purkalitis holds a J.D. from the University of Denver College of Law and a B.A. in political science from the University of Nebraska. She also served as an adjunct professor teaching courses in securities regulation and international business transactions at the University of Denver College of Law.