Phoenix Cos. Inc. of Hartford, Conn., promoted Stephen D. Gresham, from executive vice president and director retail markets to senior vice president and director of product management and marketing for asset management.
Its asset management business includes the PhoenixFunds family of mutual funds and its managed account offerings.
Mr. Gresham, whose promotion was announced Thursday, has worked for Phoenix since 2001.
Previously he ran his own wealth management consulting firm, Gresham Co. LLC.
J. Steven Neamtz succeeded Mr. Gresham as head of retail distribution. Mr. Neamtz joined Phoenix from Ridgeline Capital, an asset manager that advises hedge funds and separately managed accounts for institutions, foundations, and high-net-worth investors. Previously he spent 10 years with AIG SunAmerica, leading its distribution and overseeing its AIG SunAmerica Capital Services. Phoenix had $46.5 billion in assets under management as of Sept. 30.
