Business Wire

William Priest to Step Down as CEO in 2020, Will Remain at Firm as Executive Chairman and Co-CIO

Share

Epoch Investment Partners, Inc., announced that William Priest will step down as the firm's CEO effective April 1, 2020. He will become Epoch's Executive Chairman and will continue to lead the investment team and serve as co-CIO. He will also retain his portfolio management responsibilities, including his lead portfolio manager role with Epoch's Global Choice and Global Absolute Return strategies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190920005076/en/

Philipp Hensler (Photo: Business Wire)

Philipp Hensler (Photo: Business Wire)

Philipp Hensler, Epoch's President and COO, will become the firm's CEO. Hensler brings to the role extensive leadership experience at asset management firms globally. His earlier background as a portfolio manager has imbued him with an investment-oriented perspective that aligns with Epoch's investment-centric culture.

“Investing remains my lifelong passion," said Priest, who helped found Epoch in 2004. “Best practice suggests a separation between the 'business of investing' and the 'business of the investment business.' This evolution of duties will allow me to focus solely on the former function. I will continue to lead the investment team and focus on our clients' portfolios.”

Hensler stated "I am thrilled to help lead Epoch in the next chapter of its growth. Since joining Epoch, I’ve had an opportunity to work very closely with Bill and look forward to further strengthening that partnership. The industry is changing at a pace that we’ve never seen before, and Epoch is well-positioned for the opportunities this is creating."

Epoch is an asset management firm that provides global and regional equity strategies for institutional and intermediary clients worldwide. Epoch’s investment approach is based on fundamental research and seeks to invest in companies that can grow free cash flow and allocate it effectively for the benefit of shareholders. Epoch’s culture is investment led, collaborative and designed to help clients achieve their investment objectives. Epoch was formed in 2004 and is the steward of £29 billion in client assets under management as of 30 June 2019. More information on Epoch can be found at www.eipny.com.

Biographies:

WILLIAM W. PRIEST, CFA

Bill is Chief Executive Officer and Co-Chief Investment Officer of Epoch Investment Partners. He is a portfolio manager for Epoch’s global equity investment strategies and leads the Investment Policy Group, a forum for analyzing broader secular and cyclical trends that Epoch believes will influence investment opportunities. Prior to co-founding Epoch in 2004, Bill was a Co-Managing Partner and portfolio manager at Steinberg Priest & Sloane Capital Management, LLC for three years. Before forming Steinberg Priest, he was a member of the Global Executive Committee of Credit Suisse Asset Management (CSAM), Chairman and Chief Executive Officer of Credit Suisse Asset Management Americas and CEO and portfolio manager of its predecessor firm BEA Associates, which he co-founded in 1972. During his 30-year tenure at BEA and CSAM, he developed the firm into a well-recognized investment manager with over $100 billion under management.

Bill is the author of several published articles and papers on investing and finance, including the books, The Financial Reality of Pension Funding Under ERISA, Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor, and the more recent Winning at Active Management: The Essential Roles of Culture, Philosophy and Technology (with co-authors Steven Bleiberg and Michael Welhoelter). He holds the Chartered Financial Analyst designation, is a former CPA and a graduate of Duke University and the University of Pennsylvania Wharton Graduate School of Business. He is a member of the Council on Foreign Relations.

PHILIPP HENSLER

Philipp is President and Chief Operating Officer of Epoch Investment Partners. Prior to joining Epoch in 2018, Philipp was the President and CEO of Vontobel Asset Management Inc. Before joining Vontobel, Philipp was the Head of Distribution for Oppenheimer Funds. He also spent over a decade at Deutsche Asset Management / DWS, where he held numerous leadership roles in the United States and Switzerland, including CEO of the New York based distribution arm. Earlier in his career, Philipp was a Fund Manager at Coutts Bank and also worked at Rothschild Bank. He holds an M.B.A. from Duke University’s Fuqua School of Business, a D.M. from Case Western University and a degree in Business Administration from the Zurich School of Management.

Contact information

Media:
Miles Donohoe
JPES Partners
T: +44 (0)20 7520 7625
miles.donohoe@jpespartners.com

John Wachter
Epoch Investment Partners, Inc.
T: +1 646 834 4007
jwachter@eipny.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Mavenir Wins 2 Awards for Innovation at India Mobile Congress 201916.10.2019 01:00:00 CESTPress release

Mavenir, the industry's only end-to-end cloud-native 4G and 5G network software provider for CSPs was recognized for its continuous innovation with 2 awards at the India Mobile Congress, taking place in New Delhi. As the industry’s only end-to-end Network Software Provider, Mavenir has always been leading the path to software, virtualization, moving to cloud-native solutions and consistently delivering innovative solutions. First, Mavenir won the Most Innovative Network Transformation Initiative award for its virtualized Pre-Integrated Network Services. Pre-Integrated Network Services is a bundle of carrier-grade software functions that allow operators to increase revenue by rapidly launching a separate network slice for a specific user community. Operators with existing networks can use it to launch new offerings without disturbing their current network. Depending on the Operator use cases (e.g. Network Slicing, Private networks, IoT), Mavenir’s Pre-Integrated Network Services solutio

New Research Reveals Disparity in Expectations in PSD2 Awareness Between European Retailers and Shoppers15.10.2019 23:01:00 CESTPress release

Leading eCommerce solution provider, Riskified, announced today a new European-wide study revealing a staggering disparity between retailers’ and online shoppers’ awareness of the Payment Services Directive 2 (PSD2). The survey of 2,000 consumers and 200 retailers, with respondents evenly split across the UK, Germany, France, and Spain, found that nine out of ten retailers (88%) believe consumers are ‘somewhat’ or ‘very aware’ of PSD2. However, more than three-quarters (76%) of consumers report that they haven’t even heard of it. The implementation of the regulation is set to add new security measures for all online transactions over €30. This means that for most online transactions, consumers will need to undergo multi-factor authentication to verify their identity, such as entering a code received via their mobile phone, providing biometric data such as a fingerprint, or other forms of authentication. Commenting on the findings, Eido Gal, Co-Founder and CEO, Riskified, said: “Fraud i

Dubai World Challenge for Self-Driving Transport Winners Announced for Prizes Worth USD 5.1 Million15.10.2019 20:12:00 CESTPress release

Dubai World Congress for Self-Driving Transport; organised by Roads and Transport Authority (RTA) Dubai on 15th and 16th October 2019 has attracted more than 700 technology leaders and innovators as well as 3000 visitors of the accompanying exhibition. The congress focuses on cutting-edge technologies, besides discussing and developing a general legislative structure for autonomous transport. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015006107/en/ Winners of the Dubai World Self-Driving Transport Challenge (Photo: AETOSWire) The event is part of RTA’s efforts in support of the strategy unleashed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make 25% of all trips in Dubai smart and driverless by 2030. The congress attracted 80 international experts, including five keynote speakers, who will be taking part in 40 lectures and 39 technical workshops. The

Norwegian Video Trailblazers Create Neat to Change the Game with Zoom15.10.2019 16:00:00 CESTPress release

Today at Zoomtopia 2019, Neat, a trailblazing Norwegian startup, launched its portfolio of meeting room systems designed for Zoom Video Communications, Inc. (NASDAQ: ZM). Neat's video devices are built from the ground up and developed in close partnership with Zoom. The systems are as easy to buy and set up as any consumer product, while providing complete enterprise-grade management and security. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005773/en/ Zoom Video Systems by Neat (Photo: Business Wire) Neat's systems embrace breakthrough technology to eliminate the complexities of video in meeting rooms, along with simplifying the entire user experience. The company has reimagined every aspect of the Zoom Rooms customer journey, including how people buy, install, use and manage its products. Based in Oslo, Norway (aka "Video Valley”), Neat has offices in the US, UK, and Taiwan. Although the company is new, Neat’s team

The success story of the Aloe Vera Drinking Gel by LR Health & Beauty continues15.10.2019 15:23:00 CESTPress release

LR Health & Beauty is further expanding its Aloe vera product portfolio with its new product Aloe Vera Drinking Gel Immune Plus. The development and manufacturing of Aloe vera products has been one of the core competences of the global direct sales company for more than 17 years. True to the motto "More quality for your life", LR now presents Immune Plus as a premium product to support the immune system. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005834/en/ The success story of the Aloe Vera Drinking Gel by LR Health & Beauty continues (Photo: Business Wire) The Aloe Vera Drinking Gels have been LR’s bestsellers since 2002. They offer support in different life situations and are available in various flavors. The special feature of Immune Plus is the synergetic interaction of the ingredients – 85% Aloe vera leaf gel with 8% honey, 6% ginger juice and lemon juice, enriched with vitamin C, zinc and selenium – which ha

International Experts Invited to Attend Riyadh’s Sustainable City Symposium15.10.2019 14:49:00 CESTPress release

The Royal Commission for Riyadh City (RCRC), formally known as Riyadh Development Authority, has invited international experts to participate in a Symposium setting out the next chapter in Riyadh’s development as a sustainable city, one that will enhance the lives of its citizens, while finding solutions to the difficult challenges facing all cities across the world today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005797/en/ International Experts Invited to Attend Riyadh’s Sustainable City Symposium (Photo: AETOSWire) ‘Riyadh’s Sustainable Future’ Symposium will take place on November 12 & 13, 2019 in Riyadh and will focus on four of the capital’s most ambitious projects, launched by King Salman bin Abdulaziz Al Saud, and stemming from an initiative from Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince. These four projects are transformative and will help to establish Riyadh as one of the most li