New president for Delaware Investments
Delaware Investments, a Center City money manager with $180 billion in assets under management and 486 employees here, has a new president.
Delaware Investments, a Center City money manager with $180 billion in assets under management and 486 employees here, has a new president.
Shawn Lytle started Monday, taking over from Patrick Coyne, who has been with Delaware Investments since 1990 and led the firm since 2006. Coyne's retirement was announced in February.
Lytle joins Delaware Investments from UBS Global Asset Management, where he worked for 13 years, including the last five as leader of the business in the Americas, Delaware Investments said.
Delaware Investments is part of the Macquarie Group, an Australian firm that bought Delaware Investments in 2010 from Lincoln Financial Group for $428 million.
Macquarie also said that Ben Bruck, chairman of Delaware Investments and global head of Macquarie Investment Management, has relocated to Philadelphia from Sydney.
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