NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and NewRiver Inc., a leading expert in financialdata technology, are proud to announce a strategic alliance to provide advice to mutual fund companies.
Darlene DeRemer, 48, will lead the alliance from the Boston office of Putnam Lovell NBF. Under Ms. DeRemer, Putnam Lovell NBF and NewRiver teams will assist clients to set strategy, refine their strategic business portfolio, increase profits, improve marketing, product design and distribution, and restructure operations through reorganization and outsourcing. Ms. DeRemer will join Putnam Lovell NBF at the beginning of the year as a Managing Director in its investment banking practice.
“The mutual fund business is changing rapidly under pressure from regulators, good management teams, owners and shareholders. The goal of this effort is to do more to help our clients succeed in this trying environment,” said Ms. DeRemer.
Ms. DeRemer, currently Executive Managing Director of NewRiver’s e-Business Advisory Services division, has more than 20 years of consulting to the financial services industry on market and product strategy, business development, and operational efficiency. In addition to her senior role at NewRiver, she has worked at State Street Corp., T. Rowe Price Group Inc., and Tiger International. Her consulting firm, DeRemer + Associates, was the first to specialize in mutual fund products and operations.
The alliance was put together by John Griff, President of Putnam Lovell NBF US Businesses, in response to the escalating crisis in the mutual fund industry. “Profitability, Distribution, Strategy and Technology have become the four horsemen of the opportunity for mutual fund companies,” said Mr. Griff. “Our work with New River will add a new dimension to the advice each firm provides its clients. Our respective advisory contributions will be enhanced by our combined perspectives.”
“We are excited about this opportunity. With Darlene heading up this effort, based on her experience in the financial services industry, this alliance should benefit the clients of both NewRiver and Putnam Lovell NBF,” said Larry Renfro, Chief Executive Officer of NewRiver. “Just as important, it deepens our relationship with Putnam Lovell, with whom we have worked for several years.”
Putnam Lovell NBF and NewRiver have collaborated on numerous assignments in recent years, and recently published a series of white papers, including Institutional or Institutionalized – Are Hedge Funds Crazy? and Giants Stumble, Predators Rumble, a Prospective Review of M&A Activity in the Money Management Industry.
About Putnam Lovell NBF
Putnam Lovell NBF Securities Inc. is an investment banking firm focused on the financial services industry. It offers merger and acquisition advice, equity capital markets, fixed income trading, and general corporate finance advisory services. It serves a global client base comprised of diversified financial services firms, institutional asset managers, mutual fund managers, insurers, banks and financial technology firms. Putnam Lovell NBF was founded in 1987 and operates from offices in Boston, London, Los Angeles, New York, and San Francisco. Putnam Lovell NBF Securities Inc., member NASD/SIPC, is a subsidiary of National Bank Financial Inc. www.PutnamLovellNBF.com
About NewRiver
NewRiver, Inc. is the leading expert in financial data technology that cost-effectively delivers the most reliable and customized financial information to investors and advisors. These technology solutions, coupled with NewRiver’s innovative combination of financial expertise and patented processes, enable financial institutions and intermediaries to build and strengthen relationships with customers. NewRiver delivers bottom-line results by providing the most actionable information available and effectively streamlining processes that make it easier for investors and advisors to do business with institutions and intermediaries. NewRiver currently serves more than 100 top financial companies. NewRiver is headquartered in Andover, Massachusetts. www.newriver.com
