The two take over the role previously held by Martin Beaulieu, who has been named CEO of MFS’s Canadian business, formed by the recent acquisition by MFS of Toronto-based McLean Budden.
In addition to their responsibilities as Co-Heads of Global Distribution, Geremia will continue to serve as President of MFS Institutional Advisors Inc., and Jessee will continue as President of MFS Fund Distributors Inc.
According to the announcement, Geremia joined MFS in 1984 and held a variety of positions in the firm’s defined contribution business – MFS Retirement Services – including president of the unit from 2001 to 2004, when she was named president of MFS Institutional Advisors. In that role she oversees asset management for the company’s global institutional clients and discretionary managers, which include corporate and public pension and defined contribution plans, multi-employer plans, investment authorities, and endowments and foundations.
Jessee joined MFS in 1987 and worked for 15 years as a wholesaler before joining the home office in senior sales management and dealer relations roles; he was named President of MFS Fund Distributors in 2004. His group is responsible for the marketing and sales of MFS domestic mutual funds and separately managed accounts, as well as the distribution of MFS investments through insurance company variable products.Beaulieu joined MFS in 1990 and served as President of MFS Retirement Services and of MFS Fund Distributors before being named Head of Global Distribution in 2002. He also served as a Vice Chairman and member of the Management Committee of MFS. In September 2011, Sun Life Financial, parent company of MFS and McLean Budden, announced it was purchasing the minority shares it did not already own in McLean Budden and transferring the business in an affiliated transaction to MFS, naming Beaulieu as the new CEO.
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