Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Deals & People October 22, 2012
RMB Capital Names Elegante Portfolio Manager
Joseph Elegante has been appointed portfolio manager for RMB Asset Management, an independent advisory firm headquartered in Chicago.
Reported by Jill Cornfield
Elegante comes to RMB Capital Management with two decades of institutional and private client investment experience. Most recently, he served as senior vice president and portfolio manager on the U.S. large-cap growth team at AllianceBernstein LP in the firm’s Chicago office. This team managed a $15 billion growth product, which included institutional assets, a retail mutual fund, and private client assets of the firm. He specializes in the industrial and consumer sectors and has additional stock-picking expertise in technology. Before working at AllianceBernstein, Elegante was a portfolio manager at National City Bank and Fifth Third Bank.
“We continue to invest in our asset management capabilities by hiring top talent in the industry,” said Richard Burridge, chief executive and chief investment officer of RMB Capital Management. “Joe brings astute investment strategy and extensive portfolio management experience to RMB, which benefits both our firm and our clients.”
RMB Asset Management, a unit of RMB Capital Management, has approximately $2.5 billion in assets under management.