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New CIO Is Named At Fiduciary Trust

Eliane Chavagnon

19 July 2016

Peter Andersen has taken over as chief investment officer at Fiduciary Trust Company, succeeding Michael Mullaney, who has become chief investment strategist – a new role at the firm.

Andersen was previously CIO at Congress Wealth Management since 2003. He was also a portfolio manager at Congress Asset Management, an affiliated firm. Earlier, he held senior roles at Delaware Investments/Conseco Capital Management and Colonial Management.

In his role as CIO at Fiduciary Trust, Andersen will direct the development and refinement of the firm’s investment strategies, asset allocation, third-party manager selection and client portfolio construction.

Mullaney, meanwhile, is now responsible for providing perspectives and insights on the global economy and investment markets.

Fiduciary Trust is a privately-owned wealth management firm focused on families, individuals and non-profit. The firm also provides services to single family offices and professional advisors.