Lynnett Berger named CIO of Nationwide Funds
FOR IMMEDIATE RELEASE
March 3, 2009
Nancy McCarthy (484) 530-1720
Erica Lewis (614) 249-0184
COLUMBUS, Ohio—Nationwide Financial Services, Inc. today announced that Lynnett K. Berger has been named the new Chief Investment Officer of Nationwide Funds, the investment management arm of Nationwide Financial®. Ms. Berger will be responsible for the Nationwide Mutual Funds investment process due diligence, manager selection, investment oversight, risk management, and transition management for sub-advisers and external asset managers.
Michael Spangler, president of Nationwide Funds, said: “Ms. Berger has proven capabilities in manager risk control, investment monitoring, asset allocation and transition management as well as due diligence experience. These skills coupled with her collaborative, academic and results-driven approach make her the ideal choice for this position.”
Lynnett Berger has 20 years experience in the investment industry. Starting in 1998, she held several roles at M&T Bank and MTB Investment Advisors including product manager, and regional chief investment officer. Most recently, she served within the Operational Risk Management Team helping to develop a Risk Analysis Lab for the Central Bank. The group was responsible for financial, economic, market and regulatory intelligence-gathering and analysis. Prior to her employment at M&T Bank and MTB Investment Advisor, Ms. Berger held leadership positions with various banks, including Bank of America and Chase Manhattan Bank.
Ms. Berger holds a master’s degree in economics and public/private business administration from Radboud Universiteit Nijmegen in the Netherlands and has completed courses at the Harvard Executive Development Program. She holds the FINRA Series 65 license and the CIMA (Chartered Institute of Management Accountants) designation.
About Nationwide Funds Group
Nationwide Funds is the mutual fund arm of Nationwide Financial Services, Inc. (NFS), a leading provider of long-term savings and retirement products. Based in Conshohocken, Pa., a suburb of Philadelphia, Nationwide Funds comprises Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC. Together they provide advisory, distribution and administration services, respectively, to the Nationwide Funds, and manage more than $32 billion in assets as of December 31, 2008, of which approximately $9 billion are in “funds of funds” designed to provide asset allocation across several types of investments and asset classes. NFS is a wholly owned subsidiary of Nationwide Corporation. All of the common stock of Nationwide Corporation is held by Nationwide Mutual Insurance Company (95.2%) and Nationwide Mutual Fire Insurance Company (4.8%), each of which is a mutual company owned by its policyholders.
About Nationwide Financial
Nationwide Financial Services, Inc. (NFS), based in Columbus, Ohio, provides a variety of financial services that help consumers invest and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
NFS is part of the Nationwide® group of companies, which offers diversified insurance and financial services. It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 108 on the Fortune 500 based on 2007 revenue. For more information, visit www.nationwide.com.
Nationwide, Nationwide Financial, the Nationwide Framemark, Nationwide Funds Group and On Your Side are service marks of Nationwide Mutual Insurance Company.
For more information about Nationwide Funds®, please visit www.nationwide.com/mutualfunds.
Nationwide Funds distributed by Nationwide Fund Distributors LLC, Member FINRA. 1200 River Road, Suite 1000, Conshohocken, Pa. 19428.