GULFPORT, Miss., Aug. 11, 2016 (GLOBE NEWSWIRE) -- Veteran asset management executive David J. Lundgren, Jr., CFA, is the new Chief Investment Officer (CIO) for Hancock Holding Company (Nasdaq: HBHC ), the parent company of the bank operating under the Hancock Bank and Whitney Bank names across a five-state Gulf South corridor.
Holding the prestigious Chartered Financial Analyst (CFA) designation, Lundgren has played a major part in growing the bank’s wealth and asset management group for almost two decades. He also spearheaded the development, launch, and continued growth of the award-winning Hancock Horizon Funds family of mutual funds, earning honors as one of Barron’s Top 100 Funds Managers for his management of the funds.
President and CEO John M. Hairston said Lundgren’s proven leadership, experience, and contributions to Hancock and Whitney make him a strong incumbent for CIO.
“David Lundgren is a highly accomplished investment management leader nationally recognized for his expertise and keen insights. More important, he holds the high regard of his colleagues and clients because of his extensive professional knowledge, his thoughtful and analytical approach to asset management, and his commitment to our company’s core values,” said Hairston.
As CIO Lundgren will be accountable for strategies that support best-in-class results benefitting clients and risk constraints safeguarding clients’ assets. His leadership will facilitate the Hancock and Whitney wealth management division’s evolution as one wealth management team made up of banking, planning, and investment professionals well-versed in matching clients’ needs to a wide range of investment strategies. Additionally, he will direct the bank’s investment approach, models, and portfolio management; manage a platform of client-focused internal and external money managers; and make sure the bank meets regulatory requirements that protect clients. Lundgren will also help inform and educate clients and the public on economic and market outlooks, corporate strategies, and the bank’s investment management performance.
Chief Wealth Management Officer Miles Milton said the CIO is a new position at Hancock and Whitney reflecting a more strategic wealth management organization complemented by consultative, client-centric asset management. He said Lundgren has contributed significantly to the success of the bank’s wealth management business and should transition seamlessly into his new role.
“The CIO is a key leadership position for the Hancock and Whitney wealth management strategy going forward,” said Milton. “David Lundgren is a seasoned asset management executive with a solid record of success in overseeing the bank’s management of more than $6 billion in individual, institutional, and family assets, nearly $15 billion in assets under custody, and a team of 18 investment management professionals. He is a natural fit, and we look forward to his continuing to help us build value for clients seeking exceptional investment management savvy and top-notch one-on-one service.”
Reporting directly to Milton, Lundgren takes on official CIO responsibilities immediately.
A New Orleans native, Lundgren holds a Bachelor of Science degree in finance and a Master of Business Administration degree, both from the University of New Orleans. He began his career at First National Bank of Commerce working in various trust department positions. In 1998 he joined Hancock as Director of Equities and Research responsible for all aspects of managed equity strategies. He introduced and was integral in creating the Hancock Horizon Funds and developed and managed ongoing support for the quantitative models used in selecting stocks that make up the funds.
In 2007 Lundgren added management of institutional sales and external distribution to his duties as equities and research director. He built a distribution plan as well as the wholesaling and marketing teams to sell asset management services to non-bank distribution channels before advancing as Managing Director.
About Hancock Holding Company
Hancock Holding Company is a multi-faceted financial services company with regional business headquarters and locations across a growing Gulf South corridor. With core values of Honor & Integrity, Strength & Stability , Commitment to Service , Teamwork, and Personal Responsibility and a heritage dating to the late 1800s, the company’s banking subsidiary provides comprehensive financial products and services through Hancock Bank locations in Mississippi, Alabama, and Florida and Whitney Bank locations in Louisiana and Texas, including traditional, online, and mobile banking; commercial and small business banking; private banking; trust and investment services; certain insurance services; and mortgage services.
BauerFinancial, Inc., has rated the bank as one of America’s strongest, safest financial institutions for more than 26 years in a row. More information is available at www.hancockwhitney.com .
For More Information R. Paul Maxwell, Senior Communications Officer 228.867.8690 or paul.maxwell@hancockwhitney.com Trisha Voltz Carlson, Investor Relations Manager 504.299.5208 or trisha.carlson@hancockwhitney.com
