Glenmede New Chief Executive Officer Begins Tenure

PHILADELPHIA, Jan. 12 /PRNewswire/ -- Glenmede is pleased to announce that effective January 1, 2010, Gordon Fowler assumed the role of Chief Executive Officer, making him the sixth person to lead the Firm in its fifty-three year history. For the prior seven years, Mr. Fowler has acted as Glenmede's Chief Investment Officer, a title he retains.

"Gordon has demonstrated a commitment to our clients and a love of investing that makes him the ideal person to lead Glenmede," said Al Piscopo, Glenmede's retiring CEO and a current Director.  "Given the challenges ahead, I believe Glenmede is the right firm to help clients successfully navigate this period and importantly, that Gordon is the right person to lead the Firm forward."

The Board of Directors announced Mr. Fowler's designation as CEO in May of 2008, allowing ample time for the company to communicate with clients and ensure a seamless transition. During this period, Glenmede has recognized the leadership capabilities of professionals within the company, and has bolstered its management team with senior hires such as the appointment of Jason Pride as Director of Strategy. In addition, Glenmede recently announced the opening of its New York office.

"I am honored the Board has entrusted me to serve as Chief Executive Officer of Glenmede.  Our clients have come to expect a true partnership from us, one where their interests come first," Mr. Fowler explained. "Investors face unprecedented challenges and our customized advice and solutions help to ensure we meet their long-term investment and wealth objectives."

Glenmede remains committed to its independence and singular focus on investment and wealth management. "Serving clients without inherent conflicts of interest is paramount to our strategy. We place their interests above all else," said Mr. Piscopo adding, "We will continue to invest in our people and the infrastructure to support them so we meet this mission each and every day."

About Glenmede

Glenmede is among the nation's leading investment and wealth management firms, with more than $18 billion in assets under management for high-net-worth individuals, families, and institutional clients.  Headquartered in Philadelphia, the firm has offices in Delaware, New Jersey, New York, and Ohio. For further information, please visit www.glenmede.com.

SOURCE Glenmede