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Richard Ayers
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The eight independent directors on MassMutual’s new fund board are in the process of familiarizing themselves with funds they didn’t previously oversee and sub-advisors with whom they haven’t worked before. And while Chairman Richard Ayers told FDI he expects the process to be challenging, he predicted it would be fairly quick.
The new board, which also includes two interested directors, was formed Jan. 1 when Springfield, Mass.-based MassMutual merged the two boards that oversaw its four trusts (FDI, 1/13). All eight of the independent directors were on one of the two previous boards, so no one new ....