SEATTLE, Aug. 25, 2014 /PRNewswire/ -- Parametric Portfolio Associates LLC ("Parametric"), a subsidiary of Eaton Vance Corp.(NYSE: EV), today announced the expansion of its institutional sales and client services team with the addition of Doug Miller as Director–Institutional Relationships.
Doug is responsible for establishing investment management relationships for the southeast United States and for promoting and assisting with consultative sales and service of the rapidly growing Parametric Clifton line of institutional offerings. Prior to joining Parametric, Doug spent the past seven years at Russell Investments, most recently as Regional Director for their Americas Institutional business. Before that, Doug was a Regional Director of U.S. Sales for several different business units within Bank of New York Mellon Corporation from 2005 to 2007.
Doug will report to James Barrett, Parametric Clifton's Managing Director of Institutional Sales and Client Service. Parametric's institutional assets under management have grown from $22.8 billion prior to the 2012 acquisition of The Clifton Group to $79.1 billion today across investment centers in Seattle, Minneapolis and Westport.
"Doug brings a wealth of knowledge and tremendous institutional experience to our team," said Mr. Barrett. "We are delighted that he will be bringing his talents to bear for our clients."
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.
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 July 31, 2014, Parametric and its wholly-owned subsidiary, Parametric Risk Advisors LLC, managed $126.8 billion in client assets.
SOURCE Parametric Portfolio Associates LLC