People Moves
Eaton Vance Names Successor To Outgoing President
Eaton Vance has appointed
David C McCabe as president of the Eaton Vance Investment
Counsel effective 1 November 2011.
McCabe joined the company in December 2005 as investment
counselor upon the firm's acquisition of Voyageur Asset
Management, where he used to serve as president. He succeeds
G West Saltonstall, who will continue to serve EVIC as
president emeritus from the said date.
EVIC is a division of Eaton Vance Management and provides
investment counsel services and custom wealth management
solutions to high net worth individuals and families, trusts and
foundations.
Since Saltonstall's leadership in 2004, EVIC had managed to grow
its client assets under management from $0.9 billion to $4.5
billion. The company's recent takeover of Pelican Investment
Management has also added to its continued growth.
Eaton Vance and its affiliates recorded $198 billion in assets
under management as of 31 March 2011.
