Cohen & Steers Announces the Retirement of Daniel P. Charles, Head of Global Distribution
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Cohen & Steers (NYSE: CNS) announced the upcoming retirement of Daniel P. Charles, Executive Vice President and Head of Global Distribution, after nearly six years with the company and 37 years in sales leadership roles. Charles, who oversees the firm's global wealth, institutional sales, relationship management departments, and global marketing, will remain to assist with the transition while the company searches for his successor.
During his tenure, Charles achieved significant milestones, including realigning U.S. distribution efforts to better address clients' needs for real assets and alternative investment solutions, and expanding the firm's distribution across EMEA and APAC regions. CEO Joseph Harvey acknowledged Charles' contributions in enhancing distribution capabilities, building global sales teams, fostering a relationship culture, and expanding marketing efforts.
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News Market Reaction 1 Alert
On the day this news was published, CNS declined 5.76%, reflecting a notable negative market reaction.
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As Head of Global Distribution, Mr. Charles oversees the firm's global wealth, institutional sales and relationship management departments, as well as global marketing. His successes in the role include realigning
Mr. Charles will remain with the firm to help transition his responsibilities.
Joseph Harvey, Chief Executive Officer, said:
"Dan enhanced our distribution capabilities to help meet our clients' needs while building and leading global sales teams, instilling a relationship culture, and expanding our marketing efforts. We thank Dan for his leadership and contributions to Cohen & Steers and wish him the best."
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi- strategy solutions. Founded in 1986, the firm is headquartered in
Website: https://www.cohenandsteers.com
Symbol: NYSE: CNS
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SOURCE Cohen & Steers, Inc.