UMB Fund Unit Fills New National Posts

UMB Scout Funds, the fund unit of UMB Financial Corp. in Kansas City, Mo., announced Monday that it had promoted Tony DeMarino to the newly created post of national sales director and Lance Peterson to the newly created post of director of national accounts.

Mr. DeMarino has worked for UMB Scout Funds since 2004. Before his promotion, he was eastern division sales director. In his new role he is to manage external and internal sales representatives and oversee the company's registered investment adviser sales effort nationwide.

Mr. Peterson, who also has worked for UMB Scout Funds since 2004, was most recently the western division sales director. He is now responsible for placing UMB Scout Funds on various institutional custodial platforms.

The UMB fund unit also moved two internal wholesalers, Dana Cunningham and Matt Gunter, into hybrid roles Monday, with coverage extending into the upper and lower Midwest.