Turner Investments Nominates Five Industry Luminaries To Board

Tom Burroughes

11 July 2016

US-based Turner Investments, the firm which reportedly intends to merge its investment advisory platform with another business, has introduced five nominated trustees of its funds board for election.

The nominees are David Adcock; David Gilber; Peri Higgins; Richard Miles; and William Moran.

According to a media report earlier this week, Turner Investments intends to merge its investment advisory platform with that of Veracen. If that deal is agreed, Turner will also reportedly seek $12.5 million from private investors to support its expansion .

Since 1982, Adcock has served as general counsel for the Duke Endowment and the Duke Hospital System. He is also on the board of the Hennessey Mutual Funds and served as trustee of FBR Mutual Funds from 2010 – 2012. He has also been trustee of the Victory Portfolio Mutual Funds since 2005.

Gilbert is currently a managing member of Whitemarsh Capital, a boutique investment bank and consultancy. He has also served as chairman of Calfed Bankcorp and president and CEO of C*ATS SOFTWARE, a Nasdaq-listed company. Previously, he held positions as international director of risk management products and services at Logica, a London-based informational technology company.

Higgins is president of Evolve Advisers, a management consulting firm. She also manages several private real estate investment partnerships. Prior to forming Evolve Advisers, she was a director and senior analyst at Radnor Holdings Corporation, where she was responsible for reviewing the firm’s venture capital and private equity investments across a range of industries including those in asset management, commercial and investment banking relationships.

Miles is a partner and managing director of Berkshire Capital Securities, an investment banking firm specializing in providing strategic and financial advisory services in connection with mergers, acquisitions and divestitures of investment management companies, securities and investment banking firms and related financial institutions. He is a former president and chief operating officer of Butcher and Company, as well as chief financial officer of Butcher & Singer, a broker-dealer and its principal operating subsidiary. He was also a managing director within the capital markets group of Merrill Lynch.

Moran served as an executive vice president of JP Morgan and also as its general auditor, having joined the bank in 1975.