Eaton Vance Names Successor To Outgoing President

Vanessa Doctor

29 April 2011

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.