Robert J Boulware, former CEO of ING Funds Distributor, has accepted a partnership offer with multi-strategy alternative investment manager Palo Verde Capital, effective immediately.
Boulware joins Palo Verde Capital as Chairman of the investment committee and will assist the firm in defining corporate strategy, as well as identify new fund opportunities.
“Attracting the leadership skills of an industry veteran like Bob speaks well as to where we are as a firm and where we sit in the industry,” says Tony Stacy, founder and managing partner of Palo Verde. “Tapping Bob’s experience and intellect, we are confident we can continue to deliver results at a level that will continue to set us apart in a crowded industry."
Boulware says: “Clearly, today’s investors expect more from the investor experience. Palo Verde has done a magnificent job recognising the needs of affluent investors, advisors and institutions and has built an investment philosophy around the single most important concept of managing money…nothing trumps absolute performance. Having the opportunity to experience growing the ING platform from a USD50 million investment into a USD110 billion fund complex was an exhilarating ride. With all of the changes going on in the industry, I believe this opportunity has remarkable parallels. In fact, in many ways, Palo Verde Capital is in an even better position to exceed the expectations of investors."
