Parametric Expands Institutional Sales Team

SEATTLE, June 5, 2014 /PRNewswire/ -- Parametric Portfolio Associates LLC, a subsidiary of Eaton Vance Corp., today announced the expansion of its institutional client relations team and the addition of three new employees to promote and assist with consultative sales and service of the rapidly growing Parametric Clifton line of institutional offerings.

Parametric Clifton customized solutions are designed to help institutions increase efficiency, maximize return, fill asset allocation gaps, and better manage risk. These include customized, derivative-based strategies such as a policy implementation overlay program, as well as rules-based, engineered product solutions which seek to deliver superior risk-adjusted performance.

The new employees report to James Barrett, Parametric Clifton's Managing Director of Institutional Sales and Client Service. Following the 2013 acquisition of The Clifton Group, Parametric's institutional assets under management have grown from $17.4 billion to approximately $68.9 billion today across investment centers in Seattle, Minneapolis and Westport. As part of the ongoing build-out, the firm will soon be adding a business development professional for the southeast United States.

"We are excited to have garnered such quality individuals for these key positions," said Mr. Barrett. "Parametric Clifton has developed a team of seasoned professionals who are providing our clients with the highest level of service the industry has to offer."

Jason Chalmers joins as Director, Client Relationship Manager and is responsible for managing institutional client relationships throughout the eastern U.S., and will be based in Boston, MA. Prior to joining Parametric Clifton, Mr. Chalmers was Vice President – Relationship Manager for Acadian Asset Management LLC, where he worked for 15 years. He received a B.S. in Economics from Northeastern University, and a M.S. in Finance from Boston College Carroll School of Management.

Daniel Ryan joined as Director, Client Relationship Manager in October 2013 and is responsible for managing client relationships throughout the western U.S. He is based in Seattle. Most recently, Mr. Ryan was Vice President and Senior Relationship Manager for State Street Global Advisors. He received a B.A. in History from the University of Michigan.

Amy Arslain joined in January 2014 as Client Service Associate and is responsible for managing Parametric Clifton's institutional client relationships and supporting the Client Relationship Management team. Previously, she spent eight years at The Yucaipa Companies as Marketing Associate, Investor Relations. She received a B.S. in Psychology from California Polytechnic State University.

About Parametric

Parametric, headquartered in Seattle, WA, is a leading global asset management firm, providing investment strategies and implementation services to institutions and individual investors around the world. Parametric offers a variety of rules-based, risk-controlled investment strategies, including alpha-seeking equity, alternative and options strategies, as well as implementation services, including customized equity, traditional overlay and centralized portfolio management. Parametric Clifton is the institutional business unit of Parametric, comprised of applicable sales and client services personnel across all of Parametric's investment centers. Parametric is a majority-owned subsidiary of Eaton Vance Corp. and currently offers these institutional strategies through investment centers in Seattle, WA, Minneapolis, MN and Westport, CT. As of May 30, 2014, Parametric and its wholly-owned subsidiary, Parametric Risk Advisors LLC, managed approximately $122.6 billion in client assets.

SOURCE Parametric Portfolio Associates LLC