BERWYN, Pa., Aug. 13, 2013 /PRNewswire-iReach/ -- Market Street Advisors, a technology and services innovator for the investment management industry, today announced the appointment of Emil Polito as Chairman of its Advisory Board. The Advisory Board works with the firm's executive team on strategic initiatives, helps identify industry trends through market intelligence, and brings additional thought leadership to the firm.
Mr. Polito has more than 35 years of experience working in the wealth management industry, including 24 years of operational leadership at Paine Webber/Mitchell Hutchins/UBS Asset Management. At Citi, Mr. Polito built the industry's first global outsourcing operation for institutional and retail separately managed accounts. Most recently, Emil was a Senior Managing Director and Partner at American Independence Financial Services, where he was head of the firm's Private Wealth Management division.
Regarding his appointment at Market Street Advisors, Mr. Polito stated, "I have been watching the impressive progress of their service offerings over the past ten years, first as a competitor and then as a client of the firm. I am thrilled to join Market Street Advisors as Chairman of their Advisory Board."
Mr. Polito explained his enthusiasm for joining Market Street Advisors and shared his thoughts on their success: "Based on my more than 30 years of experience, I believe the key to running an efficient and cost effective money management operation starts with a central accounting engine that can support all business channels – retail, private wealth, and institutional. Market Street Advisors is the only company in the industry that can do this. As the regulatory environment and pricing pressures heat up, having access to information across a firm's complete business will distinguish successful operations. Market Street Advisors has developed the platform to meet these requirements effortlessly."
Bryan Dori, President and Chief Operating Officer of Market Street Advisors said, "Emil will be an invaluable asset to our firm. His depth of experience in the Investment Management industry and his history with Market Street Advisors make him a fabulous advisor to the firm. I'm proud to continue to grow our team with talent of Emil's caliber. The ongoing expansion of the organization shows our deep commitment to the industry and our clients. Through Emil and Ron Rawdon, our Director of New Business Development, I look forward to creating a broadened awareness of Market Street Advisors' unique and powerful capabilities."
About Market Street Advisors
Market Street Advisors is a technology and services innovator for the investment management industry, and is the developer of Archer MSA®. Archer MSA is a fully integrated, web-based platform that provides a wide range of services for institutional, private wealth and wrap investment managers. Some of its salient features are: tax lot accounting for domestic and international equities, complex fixed-income, derivatives, and ETFs. Additional features are a robust portfolio management suite of services that include multi-discipline accounts as well as automated reconciliation, performance measurement, reporting, document management, and integrated workflow. Coupled with Archer MSA is a full range of operational services available through MSA OpsSM, allowing for the full outsourcing of middle and back office processes for the investment management industry.
Media Contact: Jon Anderson, Market Street Advisors, 484.615.6269 x107, firstname.lastname@example.org
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SOURCE Market Street Advisors