Most recently, Cuniff was president of Morley Financial Services in Portland, Oregon, where Timothy Stumpff has now been named president, according to a press release. Both Edge and Morley are affiliates of Principal Global Investors and member companies of the Principal Financial Group.
Cuniff and Stumpff will be responsible for their firm’s overall activities including investment management, sales, client service, marketing, finance and operations. The changes will be effective Sept. 1, 2009.
Cuniff joined Morley in 1988 and has 20 years of experience as both a business leader and investment professional, the announcement said. Stumpff brings over 21 years of experience and has been with the Principal Financial Group since 2003. He is currently vice president of Network Development for the Principal Financial Group, and previously served as vice president, Capital Markets.
Edge Asset Management (formerly WM advisors) delivers actively managed asset allocation funds, equity and fixed income products. Morley Financial handles all aspects of stable value investing, including portfolio management, research, sales and service.
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